C O M P A N I E S

T H E S AV O Y G R O U P /

The information contained herein has been prepared for informational purposes only and does not constitute financial, legal, tax or any other advice. This presentation does not constitute an offer or an offer of any Savoy Fund and may only be made by the Prospectus. All information contained herein is provided “as is” and Savoy expressly disclaims making any express or implied representations or warranties with respect to the accuracy of the information contained herein. Prior to making any investment you should read the Prospectus in its entirety and consult with a professional financial advisor, legal and tax advisor to assist in due diligence as may be appropriate in determining the suitability of a particular investment and the associated risks. In no event shall Savoy and/or The 601W Companies be responsible or liable for the correctness or completeness of any such information or for any damage or lost opportunities resulting from use of this data. This presentation is copyrighted material of The Savoy Group and may not be duplicated, reproduced or rebroadcast without consent.!!

Copyright © 2013 The Savoy Group®/601W Companies All Rights Reserved Worldwide

!

!Savoy/601W!Real!Estate!Partners!(“The!Joint!Venture”)!

!The$ Savoy$Group$ (“Savoy”)$ has$ partnered$with$ 601$W$ Companies$ (“601W”)$ one$ of$America’s$ leading$ private$ real$ estate$ acquisition,$ ownership,$ development,$ and$management$portfolios$ in$the$country.$Over$the$past$18$years,$they$have$acquired$a$number$ of$ substantial$ and$ wellJknown$ commercial$ properties$ throughout$ the$country,$ aggregating$ 28$million$ square$ feet,$ with$ a$ collective$ value$ in$ excess$ of$ $5$billion.$$$

In$relation$to$these$deals,$they$have$raised$more$than$$1$billion$in$equity,$mostly$from$longstanding$investors,$and$have$consummated$transactions$involving$32$major$office$buildings.$$$

All$of$the$principals$and$associates$are$seasoned$veterans$with$decades$of$experience$in$the$commercial$real$estate$space.$The$members$of$the$team,$whether$in$property$acquisition$and$negotiation,$asset$management$and$support$staff,$engineering,$ legal,$and$brokerage$ are$ each$ very$ experienced$ and$ savvy$ in$ their$ areas$ of$ responsibility.$Historically,$almost$45%$of$the$sales$have$resulted$ in$a$greater$than$75%$per$annum$return$to$the$investor,$with$50%$of$the$properties$being$sold$in$3$years$or$less.$$!

!!!! !!Investment!Opportunity!!The$ Joint$ Venture$ is$ currently$ seeking$ equity$ investments$ for$ acquisition$ of$ a$controlling$position$in$Prudential$Plaza,$comprised$of$two$Class$A$office$towers,$rising$41$ and$ 51$ stories,$ connected$ by$ an$ elegant$ lobby$ and$ a$ spacious$ plaza$ in$ the$ East$Loop$ of$ Chicago,$ with$ a$ total$ of$ 2,200,000$ s/f$ (the$ “Property”).$ We$ are$ currently$accepting$ equity$ investments$ in$ the$Minimum$ of$ $1,000,000$ and$ the$Maximum$ of$$50,000,000.$We$will$ pay$ a$ cumulative$ 7%$ preferred$ return$ on$ the$ investment$ per$annum$and$60%$of$all$excess$cash$flow$above$the$Preferred$Return,$as$well$as$60%$of$all$net$proceeds$from$the$sale$or$refinancing$of$the$Property.$The$Escrow$Agent$is$Levy$Holm$Pellegrino$&$Drath$LLP,$New$York,$New$York.$

May!8,!2013! Website:!www.savoyrealtyfunds.com!Address:!

The!Savoy!Group!®! !One!Boca!Place!2255!Glades!Road!Suite!324A!Boca!Raton,!FL!33431!info@savoygrouplp.com!!Phone:!! (855)!SAVOYGR!!Fax:!! (888)!406Y0669

Key$Figures$

Year$Founded$ 2013$

Preferred$Return$Per$Annum$

7%$Preferred$

Holding$Period$50%$of$Property$Sales$were$3$years$

or$less$

Annual!Yield$

More$than$44%$of$sales$have$shown$a$return$of$more$than$75%$to$the$Investor$per$year$

Property$Type$ Class$A$Commercial$CBD$

Asset$Management$Fee$

1%$

Manager’s$Carried$Interest$

40%$

Manager’s$Contribution$$

Up$to$50%$

Leverage$per$Property$

Up$to$80%$$

Savoy/601W Real Estate

Partners

T H E S A V O Y G R O U P /

6 0 1 W C O M P A N I E S

May 1, 2013

RE: PRUDENTIAL PLAZA, CHICAGO, IL

We have come to terms to acquire a controlling position in Prudential Plaza, comprised of two Class A office towers, rising 41 and 57 stories, connected by an elegant lobby and a spacious plaza in the East Loop of Chicago, with a total of 2,200,000 s/f (the "Property").

The Property is one of Chicago's largest and most distinctive office complexes with remarkable floor plates of up to 70,000 s/f, and enjoys breathtaking, unobstructed, panoramic views of Lake Michigan, the Chicago River and the City skyline. The buildings are situated on a beautifully landscaped 3.3 acres parcel and also have a five-level underground parking garage with 600 covered parking spaces. Prudential Plaza occupies a full city block and is connected to an underground network of pedestrian walkways that provide direct access to hotels, retail services, City Hall and the Chicago Transit Authority. The Property borders and overlooks the spectacularly modernized Millennium Park, upgraded in 2004 at a cost of $500,000,000, and is in very close proximity to a host of cultural and sporting activities and pavilions.

The Property is presently encumbered by two mortgages:

• A First mortgage in the amount of $410,000,000 which is controlled by LNR and which term expires 5/31/16.

• A $63,000,000 mezzanine (the "Mezz") which is owned by Northstar, and which also expires 5/31/16.

���Our deal calls for the first mortgage to be divided into two notes, an A-Note of $336,000,000 at 6.06% interest, with a 3.06% pay rate (the "Pay Rate") and a 3% accrual (the "Accrual"), and a B-Note of $74,000,000 at 6.06% interest (all accruing). Although the A & B Notes are both due in May, 2016, they can be extended for two (2) one-year terms by paying down the A-note by $5 mill and $10 mill respectively in 2016 and 2017. ���

The information contained herein has been prepared for informational purposes only and does not constitute financial, legal, tax or any other advice. This presentation does not constitute an offer or an offer of any Savoy Fund and may only be made by the Prospectus. All information contained herein is provided “as is” and Savoy expressly disclaims making any express or implied representations or warranties with respect to the accuracy of the information contained herein. Prior to making any investment you should read the Prospectus in its entirety and consult with a professional financial advisor, legal and tax advisor to assist in due diligence as may be appropriate in determining the suitability of a particular investment and the associated risks. In no event shall Savoy and/or The 601W Companies be responsible or liable for the correctness or completeness of any such information or for any damage or lost opportunities resulting from use of this data. This presentation is copyrighted material of The Savoy Group and may not be duplicated, reproduced or rebroadcast without consent.      

Copyright © 2013 The Savoy Group®/601W Companies All Rights Reserved Worldwide

Our investment of $85,000,000 (the "Equity") would be subordinate to the A-Note and senior to the B-Note and would earn an accruing return of 11% p.a. compounded annually (the "Return"). Upon sale, after the A-Note will have been paid in full, the Equity and the Return will be paid out of the next available proceeds on a 66/33 basis (in our favor) together with the Accrual. Once the Equity and the Return are paid in full, we would share subsequent proceeds with the B- Note on a 50/50 basis. We've agreed to split our 50% share of these proceeds with the Mezz lender (whose loan will accrue at 2% p.a.) on a 75/25 basis (in our favor), but only after our Equity will have first earned a 12.5% IRR. Once our Equity will have earned an IRR of 17.5%, the Mezz will then be entitled to 75% of all subsequent proceeds and we will get 25% of those subsequent proceeds until the Mezz will have been paid in full, after which all available funds will be shared as follows:

• 45% Equity • 45% Mezz • 10% Bentley Forbes

Our plan is to upgrade Prudential 1 to match the exceptional quality and finishes of Prudential II by providing capital improvements in the approximate amount of $30 Mill from the Equity. We project that, with an upgraded Prudential I, and with $80 Mill of funds to spend for TI and LC, together with our exceptional track record for leasing office space in Chicago, we can return the Property to 95% occupancy within 3-4 years, with a projected NOI of $45 Mill.

The Equity will earn a 7% p.a. cumulative preferred return on the investment, and 60% of all excess cash flow above 7% p.a., as well as 60% of all net proceeds from the sale or refinancing of the Property.

We are very excited about the investment, as we believe it offers an exceptional opportunity to achieve very high-annualized returns, while it also provides significant downside protection.

Thank you,

SAVOY / 601W COMPANIES