NBPC STUDENT HOUSING PORTFOLIO - News · NBPC Sndicated Student ousing Portfolio 2 STUDENT HOUSING DISPOSITIONS: Property School Name & Division Hold (Years) Total Return Net IRR

NBPC STUDENT HOUSING PORTFOLIO

Note: All property level performance is calculated for each property as of the last fiscal year end.

2NBPC Syndicated Student Housing Portfolio

STUDENT HOUSING DISPOSITIONS:

Property School Name & Division

Hold (Years)

Total Return Net IRR Narrative

University Gardens - TIC 74 Elizabeth St #2 Salt Lake City, UT 84102 Value-add Univ of Utah - Div I

3.8 76.77% 17.17%

NB acquired old property with phenomenal location. Leveaged strong market by creating new interior upgrades and adding new bedrooms, along with new amenities (hot-tub, fire pits, upgraded leasing office). Generated over 75% return in under 4 years.

Alpine Flats - TIC Value-add (formerly Aggie Flats and Continental) 729 E 900 N, Logan, UT 84321 Utah State Univ - Div I

4.31 62.48% 13.19%Value-added, renovation project including modest exterior improvements and the construction of a new clubhouse.

900 Factory - TIC (formerly Meadowview) 870 N 600 E N, Logan, UT 84321 Utah State Univ - Div I

4.7 N/A 12.10%

Ground-up development with net IRR in execess of 12%. Despite challenges as NB's first ground-up project, the strength of the market and the location helped provide most invesotrs with over 50% total return.

University Downs 870 N 600 E N, Logan, UT 84321

Utah State Univ - Div I

5.32 87.47% 12.72%

Land acquisition. NB recognized fantastic real estate opportunity. Anticipated growing market dynamics and buying at an excellent location just as the Utah County market started to take off.

Chateau Sera - TIC* 2343 Scarff St., Los Angeles CA 90007

& Tropicana - TIC* 1256 W 29th St., Los Angeles, CA 90007

Value-add (2 property portfolio)USC - Div I

3.25 87.68% 22.87%

Renovation, value-added project. Property acquired in 2012. Sold 2015. NB completed interior upgrades. Property averaged close to 23% IRR while boasting 100% occupancy each year during ownership. Exceptional risk-adjusted return.

UNDER CONTRACT / PENDING:The Plaza - DST955 Broadway / 1715 Aurora, Boulder, CO 80301

Univ of Colorado Boulder - Div I

3.79

Part of NB's strategy of acquiring properties with exceptional locations in markets where NB anticipated fantastic growth. Despite the conservative strategy, NB will potentially secure over a 100% return to investors over 4 years, on an asset that was 100% occupied throughout the ownerhsip period.

Chateau Sera 2343 Scarff St., Los Angeles CA 90007

USC - Div I

3.77

Post-renovation, NB marketed as a more conservative DST strategy, leveraging the location close to USC, the excellent track record of high occupancy and the growth potential of a large MSA/primary market in Los Angeles to provide risk-adjusted return.

* Anticipated to close by March 22

COMPANY STRATEGYOur goal is to find tangible, brick-and-mortar properties with high occupancy and stable track records that potentially offer investors:

• Monthly income • Tax efficiency • Diversification

• Consistency • Appreciation

HOW IS THAT ACCOMPLISHED?Our strategy is to pursue income-producing student housing properties we believe to be well-positioned and in high demand in correlation with the historical stability of a university as an economic anchor. Our properties are available with a minimum cash investment of $50,000.

Professionally managed, institutional quality properties – with monthly income potential

Properties adjacent to major universities – with historically consistent increasing enrollment

Properties that are selected based on factors we believe will aid in retaining value – irreplaceable locations one to two blocks from campus, barriers to entry, supply/demand imbalance

Properties that have appealed to professional real estate investors – seeking replacement properties in 1031 exchange transactions



Property Info School Name & Division

Acquisition Date

Units/ Beds PPM LTV Investor

EquityActual Cash-

on-Cash Performance Highlights

OREGONDuck Lofts - TIC1364 Patterson St Eugene, OR 97401

Univ. of Oregon - Div I

November 2010

14/ 48

37.76% $2,528,900 5.50%

Located less than one-half mile from the University of Oregon at 1364 Patterson Place, Eugene, Oregon, Duck Lofts is owned by various tenants in common, including Nelson Brothers Patterson Place, LLC, a Delaware limited liability company, that was formed by the Sponsor to acquire this property. Duck Lofts was acquired in November 2010 for a purchase price of $3,575,000. Duck Lofts is a 14 unit, 48 bed apartment complex comprised of two, three, four and five bedroom units.

Duck Flats - TIC945 Patterson St. Eugene, OR 97401

Univ. of Oregon - Div I

January 2012

8/ 40

61.49% $1,674,000 3.50%

Located less than one mile from the University of Oregon at 945 Patterson Street, Eugene, Oregon, Duck Flats is owned by various tenants in common, including Nelson Brothers Patterson Court, LLC, a Delaware limited liability company, that was formed by the Sponsor to acquire this property. Acquired in January 2012 for a purchase price of $2,957,500, Duck Flats is an 8 unit, 40 bed apartment complex comprised solely of five bedroom units.

CALIFORNIAChateau Sera - DST 2343 Scarff St. Los Angeles CA 90007Tropicana - DST 1256 W 29th St. Los Angeles, CA 90007

USC - Div I

July 2015

30/ 60

76.75% $4,294,000 6.25%

Located at 2343 Scarff Street, Los Angeles, California and Tropicana is a student housing property located at 1256 West 29th Street, Los Angeles, California approximately one mile and approximately one-half mile, respectively, from the University of Southern California. Chateau Sera and Tropicana are owned by Chateau Sera, DST, a Delaware statutory trust, that was formed by the Sponsor to acquire the two properties. Chateau Sera and Tropicana were acquired in July 2015 from affiliates of the Sponsor for a purchase price of $10,403,000. Each property consists of 30 units for a total of 60 beds.

The Element - DST 6730 4th Ave Sacramento, CA 95817

Sacramento State - Div I

October 2017

121/ 440

65.00% $38,575,350 6.0%

Located near Cal State Sacramento at 6730 4th Avenue, Sacramento, California, The Element is owned by NB Element, DST, a Delaware statutory trust, that was formed by the Sponsor to acquire this property. Acquired in October 2017 for a purchase Price of $81,885,000, The Element is a 288 unit, 792 bed apartment complex comprised of one, two, three and four bedroom units in 18 three-story apartment buildings.

CURRENT PORTFOLIO




Acquisition Date


EquityActual Cash-


WASHINGTONCampus Commons - TIC 1920 NE Terre View Dr Pullman, WA 99163

Washington State Univ. - Div I

May 2017

334/ 926

89.52% $8,000,000 -

Located three-quarters of a mile from Washington State University at 1920 NE Terre View Drive, Pullman, Washington. Campus Commons is owned by Nelson Brothers Meadow View, LLC, a Delaware limited liability, that was formed by the Sponsor to develop the Factory project located in Logan, Utah. Concurrently with its sale of the Factory, Nelson Brothers Meadow View, LLC acquired Campus Commons in a 1031 exchange transaction. Acquired in June 2017 for a purchase price of $51,000,000, Campus Commons totals 334 units and 926 beds comprised of one, two and four bedroom units.

IDAHOTuscany Place - DST440 S 2nd W Rexburg, ID 83440

BYU-Idaho - Div I

July 2015

48/ 284

69.57% $4,978,400 7.00%

Located less than one-quarter mile from Brigham Young University-Idaho at 440 S. 2nd West, Rexburg, Idaho, Tuscany Place is owned by NB Tuscany Place, DST, a Delaware statutory trust, that was formed by the Sponsor to acquire this property. Acquired in July 2015 for a purchase price of $10,350,000, Tuscany Place is a 48 unit, 284 bed apartment complex comprised of five and six bedroom units.

UTAH900 Factory - TIC870 N 600 E N Logan, UT 84321

Utah State Univ - Div I

June 2017

80/ 479

69.32% $21,615,494 -

Located less than one-quarter mile from Utah State University at 870 N 600 E, Logan, Utah, The Factory is owned by various tenants in common, including NB Factory Investor Units, LLC, a Delaware limited liability company, that was formed by the Sponsor to acquire this property. The Factory was developed and constructed by affiliates of the Sponsor. Acquired in June 2017 from affiliates of the Sponsor for a purchase price of $36,500,000, The Factory is an 80 unit, 479 bed apartment complex comprised of three, four, five and six bedroom units. In addition, an adjacent piece of property was acquired concurrently from an unrelated party for a purchase price of $1,287,500.

9&9 - TIC876 E 900 N St Provo, UT 84604

BYU - Div I

December 2013

28/ 111

67.23% $1,522,750 6.00%

9 & 9 Apartments is a student housing property located at 876 East 900 North, Provo, Utah across the street from Brigham Young University. 9 & 9 Apartments is owned by various tenants in common, including Nelson Brothers BYU Apartments, LLC, a Delaware limited liability company, that was formed by the Sponsor to acquire this property. Acquired in December 2013 for a purchase price of $3,296,000, 9 & 9 is a 28 unit, 111 bed apartment complex comprised of primarily shared two bedroom units.

Park Plaza - DST910 North 900 East Provo, UT 84604

BYU - Div I

May 2016

44/ 175

74.43% $3,267,847 7.00%

Located less than a quarter mile from Brigham Young University at 910 North 900 East, Provo, Utah, Park Plaza is owned by various tenants in common, including 900 Park Plaza, LLC, a Delaware limited liability company, that was formed by the Sponsor to acquire this property. Acquired in March 2016 for a purchase price of $7,004,000, Park Plaza is a 44 unit, 174 bed apartment complex comprised of one, two and three bedroom units.




Acquisition Date


EquityActual Cash-


Avalon Apts - DST333 S 1000 E St. George, UT

Dixie State University - Div II

September 2015

48/ 288

75.18% $3,642,944 7.25%

Avalon is located less than a quarter mile from Dixie State University at 333 S 1000 E., St. George, Utah. It is owned by NB Avalon, DST, a Delaware statutory trust, that was formed by the Sponsor to acquire this property.Acquired in September 2015 for a purchase price of $8,446,000, Avalon is a 48 unit, 252 bed apartment complex comprised of three bedroom units.

ARIZONAThe Commons at Sawmill - TIC901 S. O’Leary Flagstaff, AZ 86001

Northern Arizona Univ - Div I

June 2016

194/ 392

74.35% $15,862,474 7.00%

Located less than a quarter mile from Northern Arizona University at 901 S. O’Leary St, Flagstaff, Arizona, Commons at Sawmill is owned by various tenants in common, including NB Sawmill TIC 2, LLC, a Delaware limited liability company, that was formed by the Sponsor to acquire this property. Acquired in July 2016 for a purchase price of $37,080,000, Sawmill is a 194 unit, 392 bed apartment complex comprised of studio, two and three bedroom units.

COLORADOThe Plaza - DST955 Broadway / 1715 Aurora Boulder, CO 80301 Univ of Colorado

Boulder - Div I

March 2015

39/ 152

76.30% $8,530,000 7.00%

Located at 955 Broadway Street, Boulder, Colorado across the street from University of Colorado campus, Plaza on Broadway is owned by NB The Plaza, DST, a Delaware statutory trust, that was formed by the Sponsor to acquire this property. Acquired in May 2015 for a purchase price of $24,771,500, Plaza on Broadway is a 39 unit, 152 bed apartment complex comprised of two, three and four bedroom units.

MISSISSIPPIMolly Barr Trails - DST 1011 Molly Barr Road Oxford, MS 38655& Molly Barr Ridge - DST 1021 Molly Barr Road Oxford, MS 38655 Univ Of Mississippi

- Div I

September 2016

125/ 303

65.00% $11,299,699 6.75%

Both properties are located approximately one and one-half miles from the University of Mississippi (Ole Miss) at 1021 and 1011 Molly Barr Road, Oxford, Mississippi. They are owned by NB Molly Barr, DST, a Delaware statutory trust, that was formed by the Sponsor to acquire the two properties in September 2016. Molly Barr Trails was acquired for a purchase price of $10,453,276 and Molly Barr Ridge was acquired for a purchase price of $11,820,475. Molly Barr Trails is a 72 unit, 144 bed Appendix B-3 apartment complex comprised of two-bedroom units and Molly Barr Ridge is a 53 unit, 169 bed apartment complex comprising of three-bedroom units.




Acquisition Date


EquityActual Cash-


INDIANADarby Row - DST 624 N Notre Dame Ave. Southbend, IN 46617& The Belfry - DST 624 N Notre Dame Ave. Southbend, IN 46617 Notre Dame - Div I

February 2014

23/ 71

74.90% $2,076,000 7.75%

Both properties are located less than one half mile from Notre Dame University at 758 North Notre Dame Avenue, South Bend, Indiana and 624 North Notre Dame Avenue, South Bend, Indiana. They are owned by Appendix B-2 NB Darby Row, DST, a Delaware statutory trust, that was formed by the Sponsor to acquire the two properties. Acquired in February 2014 for a purchase price of $6,126,000, Darby Row and The Belfry total 23 units and 71 beds comprised of one, two and four bedroom units.

Grant Street Station - DST 320 S. Grant St, West Lafayette, IN 47906& South Street Station - DST 46 N Salisbury St, West Lafayette, IN 47906

Purdue University - Div I

January 2017

176/ 364

66.00% $19,208,883 6.65%

Both properties are located less than one-quarter mile from Purdue University at 320 S. Grant Street and 46 N. Salisbury Street, West Lafayette Indiana. They are owned by NB Grant Street, DST, a Delaware statutory trust, that was formed by the Sponsor to acquire the two properties. Acquired in January 2017 for a purchase price of $30,907,493.25 and $9,535,006.75, respectively, Grant Street Station and South Street Station are comprised of one, two, three and four bedroom units. As of September 15, 2017, Grant Street Station and South Street Station were 100% leased.

OHIO

OFFERED ON AN ALL CASH BASIS

1 9 5 E A S T M C M I L L A N S T . C I N C I N N A T I , O H 4 5 2 1 9

1 2 1 U N I T S – 4 4 0 B E D S | U N I V E R S I T Y O F C I N C I N N A T I

CP Cincy - DST 195 East McMillan St. Cincinnati, OH 45219

University of Cincinnati

December 2017

121/ 440

64.97% $13,253,255 6.25%

Located less than one mile from the University of Cincinnati at 195 E. McMillan Street, Cincinnati, Ohio, CP Cincy is owned by NB CP Cincy, DST, a Delaware statutory trust that was formed by the Sponsor to acquire the property. CP Cincy was acquired in December 2017 for a purchase price of $26,780,000. CP Cincy is a 121-unit, 440 bed apartment community comprised of two, three and four-bedroom units.

NEW YORKEden Heights of West Seneca (Assisted Living)3030 Clinton Street West Seneca, NY 14224

-April 2009

89/ 120

77.83% $7,795,000 8.30%

Eden Heights of West Seneca is a single-story 104-bed, assisted-living facility built in 1996 in West Seneca, N.Y. The property was structured as a Tenant-in-Common (TIC) transaction that officially closed on April 15, 2009 and acquired by Nelson Brothers Professional Real Estate in 2009. The property, Eden Heights of West Seneca, is the sister property to Eden Heights of Eden, N.Y., which was the first joint venture between Nelson Brothers and Premier Senior Living, and closed in February. West Seneca was purchased for $17,470,000, with $7,795,000 in equity and a loan of $9,675,000. The property was master leased to Premier Senior Living.

TOTAL 21 properties 1402/4588

PROPERTY LOCATIONS

U.S. COLLEGE ENROLLMENT

POPULATION GROWTH 24

22

20

18

16

14Popu

latio

n (in

mill

ions

)

1990 2000 2010 2020 2030

· College enrollment over the past few decades shows almost no correlation to the economy.

· Student enrollment expected to growth 13% over the next 10 years

Source: National Center for Education Statistics

NB PRIVATE CAPITAL WHOLESALER TEAM

David Levine VICE PRESIDENT (Northwest Region)(818)[email protected]

Joe Maymo VICE PRESIDENT (Northeast Region)(614)[email protected]

Brad Davidson INTERNAL DESK MANAGER (949)667.9018 [email protected]

Jason Kjellson SENIOR VICE PRESIDENT (Southwest Region) (719)[email protected]

Ken Johnson VICE PRESIDENT (Southeast Region)(713)[email protected]


The contents of this communication: (i) do not constitute an offer of securities or a solicitation or an offer to buy securities, (ii) offers can be made only by the confidential Private Placement Memorandum (the “PPM”) which is available upon request, (iii) do not and cannot replace the PPM and is qualified in its entirety by the PPM, and (iv) may not be relied upon in making an investment decision related to any investment offering by the issuing company, or any affiliate, or partner thereof (“NB Private Capital”). All potential investors must read the PPM and no person may invest without acknowledging receipt and complete review of the PPM. This respect to “targeted” goals and performance level outlined herein, these do not constitute a promise of performance, nor is there any assurance that the investment objectives of any program will be attained. These “Targeted” factors are based upon the reasonable assumptions more fully outlined in the Offering Documents/PPM. Consult the PPM for investment conditions, risk factors, minimum requirements, fees and expenses and other pertinent information with respect to any investment. These investment opportunities have not been registered under the Securities Act of 1933 and are being offered pursuant to an exemption therefrom and from applicable state securities laws. Past performance and statements regarding current occupancy and earnings are no guarantee of future results. All information is subject to change. You should always consult a tax professional prior to investing. Investment offerings and investment decisions may only be made on the basis of a confidential private placement memorandum issued by NB Private Capital, or one of its partners/issuers. NB Private Capital does not warrant the accuracy or completeness of the information contained herein. Thank you for your cooperation.Securities offered through Emerson Equity LLC Member: FINRA/SIPC. Only available in states where Emerson Equity LLC is registered. Emerson Equity LLC is not affiliated with NB Private Capital or UBS. NBPC Track Record | 3-13-19

MANAGES $660M in real estate assets

DST COLLECTIVE OCCUPANCY +98% for 2018-19 school year

REDSTONE IS THE PRIMARY PROPERTY MANAGER on the majority of our existing portfolio (Redstone’s track record includes 25,500 beds nationwide under management nationwide with a 99.3% current occupancy)

20 FULL TIME EXPERIENCED EMPLOYEES of whom several were previously with NBPRE

HEADQUARTERED in Aliso Viejo, CA

OUR TEAM

“UNDERSTANDING WHAT’S IMPORTANT TO YOU.”

130 Vantis Drive, Suite 160 Aliso Viejo, CA 92656

(877) 827-NBPC (6272)

www.nbprivatecapital.com

BRIAN NELSON (Principal)

Mr. Nelson has extensive real estate experience and has been directly involved in acquiring real estate projects valued at over $1 billion. Additionally, he has a proven track record of identifying and syndicating properties that historically have proved a distinct competitive advantage of maintaining value from business and macro-economic cycles. Mr. Nelson worked as a product marketing manager for VERITAS and Symantec Software (NASDAQ:SYMC) where he specialized in marketing strategy, business development and product positioning. He has a B.A. from University of Utah, an MBA from BYU and holds a series 7 and 63 registrations.

KATHERINE HERRON Manager Investor

Relations

DAN TAYLES Controller

MARK ANTOUN Corporate Accounting Manager

SARAH KRANE Staff Accounting

RENE DOYLE Finance Manager

ALI NELSON VP of Investor Relations

DUSTIN EYRE VP of Finance

JENNIFER WELKER Senior VP of Finance

BLAKE WETTENGEL Chief Executive Officer

TANYA MURO Chief Operating Officer

PAUL PERKINS Chief Investment

Officer

DUSTIN HATFIELD VP of Property Investments

RACHEL JACKSON VP Asset Manager

Investments

JOHN BURNS Senior VP

Asset Management

JASON KJELLSON SVP Capital Markets

JANET COOK VP of Marketing

BRAD DAVIDSON Internal Desk Manager

KEN JOHNSON VP Capital Markets

JOE MAYMO VP Capital Markets