'Wily Frod, awe:. Mr:I....be rr,e,1"•••• Fcrirtionp,!-Welati Partners Ctierits or tiSI-Ostitutional Inviostors. Fund Profile I 2019 I- f, --- - — k Retail ut - Aiwr- Nof. r Dist on s i GTIS Qualified Opportunity FundCLC ''''' ''' ' v .:— ^ 1-- if,... - ....7,,, GTIS Partners LP ' Fund Profile Sponsor Strategy Target Fund Size Structure GTIS Partners ("GTIS- ) Qualified Opportunity Zones $500 million Private REIT Geographic Focus NY, SF, tA, DC, Boston, Seattle, Phoenix, Denver, Miami, Dallas, Orlando Target Gross Target Net IRO' Target Gross Multiple's) Target Net Multiple) Fees Preferred Return Catch-up Incentive Term Minimum Investment Investor Qualification Closings Due Diligence 13-14% 9-11% (before tax benefit) 3.0x 2.5x (before tax benefit) 1.6% on Committed capital during Investment Period 1.6% on NAV thereafter 8% to Investors 60% GTIS / 40% Investor 20% Fund-wide waterfall 12 years $100,000 U.S. Taxable Accredited Investor Monthly Full upfront commitment Albourne Partners Rocaton Inv Advisors Mercer Key QOZF Professional Tom Shapiro President and CIO • Previously Senior MD at Tishman Speyer, member of Investment and Management Committees • At Tishman for 17 years, managed JV between Tishman and Goldman Sachs, commercial leasing and capital markets • 30 years of real estate experience Contact Information Peter Ciganik and Investor Relations 787 Seventh Avenue, 50: Floor New York, NY 10019 Opportunity Zone Overview • GTIS Qualified Opportunity Fund LLC ("Fund") will target investments in select Qualified Opportunity Zones (QOZs), underserved areas designated by the 2017 Tax and Jobs Act • QOZ investments can qualify for substantial tax benefits at federal as well as state level: 1) Tax deferral of capital gains until 2026 from almost any investment- stocks, real estate, art, business sale, K1 partnership gains 2) Tax reduction on the rollover gain by 10% if investment in QOZ