Important Reminder: Update & Webinar Invite: Oasis at Ballast Point - Partnering for Profitability

Dear Investor,

Join us in capitalizing on Oasis at Ballast Point’s successful turnaround and securing its continued progress through a strategic partnership – your participation is critical.

We strongly encourage you to attend our upcoming webinar for the full details.

Here’s the situation in brief:

• Operational Success: We’ve overcome early challenges and achieved a significant operational turnaround, reaching record income levels and substantially increasing NOI. The plan is working, and the property is performing well.

• Market Opportunity: Selling now in a down market would mean accepting unnecessary losses. However, multifamily fundamentals are improving, with a more favorable outlook ahead – giving us a real opportunity to exit profitably if we hold our position.

• The Bridge to Success: We have a clear path for a loan extension, and this capital call is the critical next step. It enables us to meet extension requirements, maintain strong performance, and position the asset for a more favorable refinance or sale in the coming years.

• Investor Benefits: The structure offers meaningful incentives to those who participate, reflecting both the commitment required and the potential benefits available for helping move the project forward.

• GP Commitment: We, the General Partners, have already contributed over $1.2 million of our own capital and remain fully engaged in ensuring the project’s success. We’re asking you to stand with us now in this crucial phase.

It is essential that all investors engage in this effort. If we cannot secure the necessary participation, we risk being forced into an unfavorable sale – potentially resulting in avoidable losses.

We look forward to discussing this in greater detail during the webinar on Wednesday, April 30th at 8:00 pm ET. You should have received a separate invitation.

Webinar registration link:

us02web.zoom.us/webinar/register/WN_L5kRgFcWRnisXWyV91MUgQ

The webinar will include a detailed update on performance, progress on the loan extension, and the path forward. We encourage you to attend live, but a recording will be available afterward.

Please find enclosed the investor report through March 2025.

Thank you for your continued support and partnership as we work to protect and grow the value of Oasis at Ballast Point.

Oasis at Ballast Point Asset Management Team