Target Returns

42.80%PROJECTED ANNUAL CASH RESIDUAL*

10%Preferred Return
+
32.8%Projected Operating Distributions
+
25%Projected Annual Asset Appreciation / Exit Value
=
67.8%Target Annualized Return

Return Scenarios

DownsideBaseTarget
Revenue Growth0%10%20%
EBITDA Margin35%45%55%
Exit Multiple6X8X10X+
Investor IRR42%54%67%