FINAL 11 FOURPLEXES. 87 RESERVED. VERTICAL CONTRUCTION BEGINS AUGUST 2020

98 FOURPLEX MULTI-FAMILY COMMUNITYINDIVIDUAL AND BULK PACKAGES OF FOURPLEXES FOR SALE

EDINBURG, TEXAS

UNION SQUARE APARTMENTS, LLC

Sales and Project Information:

Ryan HarrisPrincipal, Managing MemberUnion Square Apartments, LLCryan@unionsquaresales.com(310) 560-9111

Business Office:4900 W. Expressway 83 Suite 239, McAllen, TX 78501

Sales and Project Information:

Janet ClementPrincipal, Managing MemberUnion Square Apartments, LLCJanet@unionsquaresales.com(310) 347-7025

98 FOURPLEX GATED COMMUNITY LOCATED IN APRIME LOCATION IN SOUTH TEXAS – CITY OF EDINBURG

YOU MUST GET YOUR OWN CONSTRUCTION LOAN FOR OUR PRECONSTRUCTION PRICING.

LIMITED SPEC INVENTORY AVAILABLE. AUGUST 2020 BEGIN FOURPLEX CONSTRUCTION 400 UNITS IN COMMUNITY 33 ACRES DEVELOPED (37 GROSS ACRES) $5K RESERVATION FEE PER FOURPLEX UNTIL CLOSE

(AUGUST 2020) EACH FOURPLEX IS A SEPARATE PROPERTY BUT CAN

BE TIED TOGETHER FOR FINANCING AND PROPERTY TAX PURPOSES*

2:1 COVERED PARKING RATIO COMMUNITY PARK GATED COMMUNITY SOCIAL DISTANCING FRIENDLY DESIGNOur design lends itself to maximizing each residences personal space as we do not have double-loaded corridors or hallways, elevators, or shared parking garages. Each yard is fenced for privacy. * Seek your own tax professional. Check with your lender.

Sugar Rd.

Russel Rd. / 17 ½ Mile Rd.

UNION SQUARE APARTMENTS, LLC proudly presents Edinburg, Texas newest multi-familyapartment community. Union Square Apartments spans over 33 developed acres, just a shortdistance from the downtown business district and the Univeristy of Texas RGV campus. Thesurrounding neighborhood is near quality public schools, coffee shops, supermarkets, winebars, fine dining, yoga classes, day care, parks and recreation, stadiums and entertainmentvenues, and a Univeristy of Texas campus with over 19,000 students just outside of the gates.

Featuring 98 fourplexes, Union Square Apartments will be Edinburg’s Premier gated apartmentcommunity built to custom home standards with real stone, real brick, and high-end finishes.Nothing is prefabricated and there is no stucco or foam used in their construction. Stainlesssteel refrigerators, washer and dryers, and window coverings are included in the package.They come with a one-year builder warranty and a 10-year structural warranty.

McAllen – Edinburg – Mission Metropolitan Statistical Area (MSA) is one of the fastest growingin the nation. It has a population over 1M now and is projected to grow to 1.8M by 2050. Thisis one of the most compelling markets in all of Texas and enjoys high occupancy rates.

Builder is offering fourplex and lot packages only. No land is being offered without aconstruction contract to build upon it. Bank financing may be available to qualified buyers withas little as 20% down. Fourplexes qualify for 30-year fixed conventional permanent financingonce built (not all borrowers will qualify and there are restrictions and rules) under the 1-4 unitresidential loan. With rates at historic lows this is an ideal time to finance income property.

The City of Edinburg saw an increase in its population of over 8,400 in 2018 with only 600 new apartments added in 2019.

THE TEAMFoued Abboud, Guillermo Abboud, Ryan Harris, and Janet Clement are owners and managingmembers of Union Square Apartments, LLC. They have decades of multifamily developmentexperience.

YELLOW = XL LOTSGREEN = MODEL ABLUE = MODEL A SIXPLEX

ELEMENTARY SCHOOL HIGH SCHOOL

IDEA EDINBURG (CHARTER SCHOOL)

DOWNTOWN EDINBURG

MIDDLE SCHOOL

690 MAJOR FREEWAY

UNIVERSITY OF TEXAS RGV

UNIVERSITY OF TEXAS RGV

The same principals and the same subcontractors that build 70 fourplexes in the 2018 and 2019 in these two Edinburg fourplex communities will build fourplexes at Union Square Apartments as Union Square Apartments, LLC.

THIS IS A SAMPLE OF TWO RECENTLY COMPLETED FOURPLEX COMMUNITY FOR REFERENCE.

Click Button to see 1 Min Video of a recently completed fourplex community in Edinburg. You can also see another completed fourplex community in some of the shots. Our principals built over 70 fourplexes in these two communities.

TURN-KEY PROPERTY MANAGEMENT OPTION

Buyers may manage the property themselves or use a firm of their choosing. If you are new to this marketplace, you are invited to consider Magnolia Rentals, Inc. Magnolia is managing 900+ doors and is available to perform complete property management of Union Square. They have an excellent track record of fast lease-up and high occupancy with Ultimate Fourplexes. They are currently managing as large number Ultimate Fourplexes for a rate of 5% of collected rents + a $400 per unit lease-up fee. The lease up fee is only charged no more than once every 12 months and only if a unit needs to a re-leased. There is no fee if the tenant renews.

• Full-Service Property Management

• Magnolia Rentals is a full-service property management company servicing the McAllen –Edinburg, Mission MSA. Magnolia Rentals specializes in management of commercial, multi-family, single family, large and small apartment complexes, condominiums as well as townhomes.

• They handle all aspects of property management including, leasing, marketing, background checks, employment verification, eviction services, CAM reconciliation and billing, make ready service, accounting services, and property maintenance.

• Magnolia Rentals also uses the latest technology to allow tenants to pay rents electronically and provide 24-hour emergency response.

• They have a robust Owner Portal in which owners can view reports, financials, account balances, and other information.

You can find more information about Magnolia Rentals here: http://www.magnoliarentalsinc.com/The above rates are only for clients of Union Square Apartments, LLC. They are not public rates. To receive these special rates you must come in through the proper channels. While we make nothing from property management it is essential to most of our clients including out-of-state clients. It is provided here as a courtesy. You can use any property management firm you want or manage your property yourself. Be aware that property management fees can change, and we have no control over that. Buyers to do their own due diligence on Magnolia Rentals, Inc. We are happy to arrange for a call with the owner of Magnolia upon request to make the introduction so you can get your questions answered.

* All figures are estimates for year 1 and actual figures may vary and will certainly vary over time. See disclaimer and disclosure on last page of this presentation for complete disclaimer.

MODEL A MODEL XLTotal Cost Including Est. Financing Costs 336,000$ 358,000$ Price paid to Builder for land and construction (Includes appliances and window coverings) 325,000$ 345,000$ Construction Interest and Fees through stabilization (estimate only) 11,000$ 13,000$ Total Square Footage 3,960 4,292 Price per Square Foot 85$ 83$ Monthly Rental Rate per Fourplex 3,400$ 3,800$ Total Gross Monthly Rent 3,400$ 3,800$

Gross Annual Rent 40,800$ 45,600$

Less Vacancy 4% (1,632)$ (1,824)$ Effective Rent 39,168$ 43,776$ Net Rental Income 39,168$ 43,776$

HOA Dues (500)$ (500)$ Est. Homeowner's Insurance (984)$ (984)$ Est. Property Taxes (Projected on actual Model A rates in Edinburg for 2020.) (7,800)$ (8,000)$ Water/Electricity/Trash - Common Area (Tenants pay own water & Power) (1,035)$ (1,035)$ Landscaping (Gravel in Side and Rear Yards - Grass out front) (800)$ (800)$ Maintenance/Pest Control (350)$ (350)$ Total Expenses (11,669)$ (11,669)$

Net Income 27,499$ 32,107$

Cap Rate if all cash and no construction finance 8.5% 9.3%

Cap Rate including est. construction finance charges 8.2% 9.0%

UNION SQUARE APARTMENTS - WITHOUT PROPERTY MANAGEMENT FEES

* All figures are estimates for year 1 and actual figures may vary and will certainly vary over time. See disclaimer and disclosure on last page of this presentation for complete disclaimer.

MODEL A MODEL XLTotal Cost Including Est. Construction Financing Costs 335,000$ 358,000$ Price paid to Builder for land and construction (Includes appliances and window coverings) 325,000$ 345,000$ Construction Interest and Fees through lease up (estimate only) 10,000$ 13,000$ Total Square Footage 3,960 4,292 Price per Square Foot (inclulsive of est. construction financing costs) 85$ 83$ Monthly Rental Rate per Fourplex 3,400$ 3,800$ Total Gross Monthly Rent 3,400$ 3,800$

Gross Annual Rent 40,800$ 45,600$

Less Vacancy 4% (1,632)$ (1,824)$ Effective Rent 39,168$ 43,776$ Net Rental Income 39,168$ 43,776$

Optional Third Party Property Management Fees at 5% of Collected Rents (1,958)$ (2,189)$ Optional Lease Up Fees at steady state assumming 2 Lease up fees per year @ $400/each (800)$ (800)$ HOA Dues (500)$ (500)$ Est. Homeowner's Insurance (984)$ (984)$ Est. Property Taxes (Projected on actual Model A rates in Edinburg for 2020.) (7,800)$ (8,000)$ Water/Electricity/Trash - Common Area (Tenants pay own water & Power) (1,035)$ (1,035)$ Landscaping (Gravel in Side and Rear Yards - Grass out front) (800)$ (800)$ Maintenance/Pest Control (350)$ (350)$ Total Expenses (14,658)$ (14,658)$

Net Income 24,510$ 29,118$

Cap Rate if all cash and no construction finance 7.5% 8.4%

Cap Rate including est. construction finance charges 7.3% 8.1%

UNION SQUARE APARTMENTS - WITH OPTIONAL 3RD PARTY PROPERTY MANAGEMENT

MODEL XL

3BR/2BA

3BR/2BA

3BR/2BA

3BR/2BA

The Model XL is a proven design and is popular witharea renters. The Principals of Union SquareApartments, LLC have built many of these all 3BRUnits (legally they are 2BR + Den and not 3BR Unitsto get around the parking requirement for 3BR units)in McAllen, Edinburg, Mission MSA. They rent upfast. Price includes appliances and windowcoverings. Rent ready.

COMPLETED FOURPLEX OPTION (No constructionloan needed) by request. $370,000.

Square Footage: 4,292 Square FeetUnit Mix: 4- 3BR/2BA (Legal 2BR+DEN) – 1,074 SFParking: 8 Spaces of Covered ParkingEstimated Rent: $3,800/Mo $45,600/YearPrice w/Lot: $345,000

MODEL XL

MODEL XL

MODEL XL

MODEL XL

MODEL XL

MODEL A

VERSION #1

Square Footage: 3,960 Square FeetUnit Mix: 1-1BR/1BA – 790 sf

1- 3BR/2BA – 1,188 SF2 - 2BR/2BA – 990 SF each

Parking: 8 Spaces of Covered ParkingEstimated Rent: $3,400/Mo $40,800/YearPrice w/Lot: $325,000

VERSION #2

Square Footage: 3,960 Square FeetUnit Mix: 2-1BR/1BA – 790 sf

2- 3BR/2BA – 1,188 SFParking: 8 Spaces of Covered ParkingEstimated Rent: $3,400/Mo $40,800/YearPrice w/Lot: $ 325,000Price of SIXPLEX: $485,000

The Model A is a proven design and is popular witharea renters. The Principals of Union SquareApartments, LLC have built over 70 Model Afourplexes in Edinburg alone. The rental figures areactual figures achieved by MODEL A fourplexes inother communities in Edinburg.

MODEL A comes in 4 Versions:

#1) 1 – 3BR/2BA, 1 – 1BR/1BA 2-2BR/2BA#2) 2 – 3BR/2BA, 2 – 1BR#3) 4 - 2BR/2BA#4) SIXPLEX – Any of the above options with anextra pair of units. You choose them. Only twoModel A XXL remain.

The estimated rent for all variants is the same.$3400/Mo. Our property manager that rents 900doors believes option #2 is the way to go as 1BR’srent very fast and there are not that many beingbuilt at Union Square or at other fourplexcommunities in Edinburg for that matter. Lowsupply / high demand.

COMPLETED FOURPLEX OPTION (No constructionloan needed) by request. Spec price: $345,000.Limited Availability.

1BR/1BA

3BR/2BA 2BR/2BA

2BR/2BA 1BR/1BA 1BR/1BA

3BR/2BA 3BR/2BA

One Fourplex

UNION SQUARE MODEL A SERIES WILL LOOK LIKE THIS.

MODEL A

MODEL A

MODEL A

DEVELOPMENT TIMELINE

GroundbreakingNovember 2019

Site Work February 2020

Vertical Construction BeginsJULY/AUGUST 2020

Resident Move Ins Begin 4th QTR 2020

Community Complete3rd or 4th QTR 2021

ALL FUTURE DATES ARE ESTIMATES ONLY. ACTUAL DATES WILL VARY.

DEAL STRUCTURE

The process of owning in Union Square Apartments, LLC is simple and strait forward. As is the convention in this marketplace – the buyer closes on the lot or lots and then hires a builder to build the fourplex to the specs. In this case,Union Square Apartments, LLC is both the Builder and the Seller of the land offing the convenience of a one-stop shop. You must close on the land and the construction contract. There will be no lot only sales. The following is anexample of hypothetical transaction that results in the Buyer owning a brand new fourplex in Union Square Apartments. The number of draws may vary as well as the % completed at each draw. This is an example only of a singlefourplexes. Total construction time is 4-6 months but could vary. Refer to your contract for details. This is only one example folks to aid comprehension of the process.

• RESERVATION STAGE - NOWLock in your price and choose your lot(s). Open escrow with a $5,000 per fourplex earnest money deposit to be held at title until closing. Lots are moving fast at these prices and this location.

• CLOSING STAGE – 3rd QTR 2020Final Plat expected in July 2020 with closings 30 days later. Close the construction loan (unless paying cash) which will pay for the lot(s) and commence the construction loan for the build.

• CONSTRUCTION STAGE #1 – 20%Builder will use our own capital to get to prepare site, plumb site, and pour the foundation, as an example of a typical stage of completion for the first draw.

• DRAW #1 – 20%City inspector signs off on work. Builder submits a draw request. The bank will use a third-party inspector to determine % of completion. Owner can have your own inspector verify. Owner Signs off on Draw Request.Builder is reimbursed for work completed.

• CONSTRUCTION STAGE #2 – 20%Builder will use our own capital to get to get to the next state of construction – electrical, framing, ducting, and roofing.

• DRAW #2 – 20%City inspector signs off on work. Builder submits a draw request. The bank will use a third-party inspector to determine % of completion. Owner can have your own inspector verify. Owner Signs off on Draw Request.Builder is reimbursed for work completed.

• CONSTRUCTION STAGE #3 – 40%Builder will use its own capital to get to complete the brick and stone exteriors and finish the interior and finish the interior.

• DRAW #3 – 40%City inspector signs off on work. Builder submits a draw request. The bank will use a third-party inspector to determine % of completion. Owner can have your own inspector verify. Owner Signs off on Draw Request.Builder is reimbursed for work completed.

• CONSTRUCTION STAGE #4 – 20%Builder completes finish work, the fencing, driveways, carports, HVAC, and landscaping with its own capital. The fourplex is 100% complete. Banks third party inspector, owner and/or owner’s inspector sign off after allconstruction issues, if any, have been satisfied or fixed.

• DRAW #4 – 20%City inspector issues Certificate of Occupancy. Builder submits a final draw request. The bank will use a third-party inspector to determine % of completion. Owner can have your own inspector verify. Owner Signs off onfinal draw Request. Builder is reimbursed for work completed.

• BUILD COMPLETEThe owner is now the proud owner of a quality fourplex that can be rented and occupied immediately. A builder warranty is now in effect.

DEAL STRUCTURE

This is an example of the completion and inspection reporting for a single fourplex.

TexasTexas is the #2 largest U.S. State in terms of surface area and total population. Its economy is larger than thenations of Australia and South Korea. It’s a great place to own rental property as it is landlord friendly and agrowing population ensures a need for housing well into the future. Not all geographical areas in Texas aresharing in the dramatic population increase. The map on the lower right side shows where the greatestconcentrations of populations can be found.

Source: http://worldpopulationreview.com/us-counties/tx/hidalgo-county-population/ Arrows points to our county.

The McAllen – Edinburg – Mission MSA Metroplex

This is the 5th Largest Metroplex in the State andgrowing. The 2020 current population is estimatedat 1M and is projected to hit 1.8M by 2050. Once anmetroplex passes 1M residents it starts to getstadiums, arenas, and professional sports teams.That has already started here.

The TOP 4 MSA in Texas are mature and the low caprates reflect that. There is still time to enter theMcAllen+ MSA at an attractive price point withplenty of upside and higher current cash flow.

The MSA is home to the McAllen Foreign Trade Zone#12, which houses about 410 companies from 42countries and facilitated more than $30 billion inborder trade during 2015 (McAllen Foreign TradeZone Board; most recent data available). La Plazashopping mall in McAllen, owned by Simon Malls,reports $400M in annual sales – much of it to crossborder shoppers. There is over $3B in retail sales onan annual basis in the MSA. With its numerous top-rated hospitals this MSA is the first-choicedestination for health care for wealthy Mexicansseeking the best quality care. This is the point ofentry for all tropical fruit that is imported into theUnited States from Mexico and Central America.Firms from South Korea have been setting upfactories here. The new USMCA will only increasethe level of companies moving into the MSA, like themany South Korean firms.

That was 10 years ago. Now the population here is over 1M people.

LOCAL UNIVERISTIES AND COLLEGES

https://www.utrgv.edu/school-of-medicine/index.htmhttps://www.utrgv.edu/en-us/about-utrgv/administration/index.htm

https://mcallen.tamu.edu/ https://www.southtexascollege.edu/

DISCLAIMER AND DISCLOSURE: This presentation is for informative and discussion purposes only. No property is for sale at this time. Union Square Apartments, LLC is accepting refundable reservation depositsonly and entertaining offers until it can legally begin entering into binding contracts. Nothing herein including floorplans, renderings, and photos should be construed as final and are subject to change.Variation may occur. Seller of lots and the builder of the fourplexes is Union Square Apartments, LLC. Union Square Apartments, LLC has an exclusive takedown agreement with the land developer AceroInvestments, LLC to buy 100% of the finished lots at Union Square Apartments for resale to purchasers who enter into an agreement to build a fourplex upon said lots. There is some common ownershipbetween Union Square Apartments, LLC and Acero Investments, LLC. Full disclosures are included in documents and available upon request. No lot sales are being made without a contract to build a fourplex.Plans are subject to change without notice. All interested parties must do their own due diligence and rely on their own projections. All estimates and projections are for YEAR 1 only – actual results may bemore or less favorable than the projection. In future years, rents and expenses may be higher or lower than the estimates shown herein. Availability and pricing subject to change at any time, without notice.There is no guaranty of any return or cap rate. No guaranty that there will be available financing. All fourplexes are delivered vacant. Buyers assume all risks and rewards of property ownership. Not intendedas a solicitation in jurisdictions where prior registration is required. Equal opportunity housing. Not responsible for errors, buyers to verify all figures prior to purchase.

For more information contact:

Ryan HarrisPrincipal, Managing MemberUnion Square Apartments, LLCryan@unionsquaresales.com(310) 560-9111

Janet ClementPrincipal, Managing MemberUnion Square Apartments, LLCJanet@unionsquaresales.com(310) 347-7025