Bluedog Capital 3/10/22 Bluedog Capital 3/10/22

Postcard Inn

Acquired: October 2017

Located: 6300 Gulf Blvd, St Pete Beach, FL 33706

Disposition Details:

Disposition Date: March 2022

Hold Period: 4+ Years

LP Annualized CoC Return: 33.7%

XIRR: 26.5%

LP Return Multiple: 2.48x

Bluedog Capital 9/14/21 Bluedog Capital 9/14/21

CubeSmart - Cranston, RI

Located: 950 Phenix Ave, Cranston, RI 02921

Project Highlights:

Ground-up development managed by BCP
80,000 Square feet of climate and non-climate controlled self-storage with 6,000 square feet of retail space
Grand opening - July 2018
Sold in June 2021

Project Level Return:

17.8% XIRR
1.7x Equity Multiple
19.7% Annualized Simple Return

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Bluedog Capital 9/14/21 Bluedog Capital 9/14/21

CubeSmart - Wakefield, RI

Located: 210 Church St, Wakefield, RI 02879

Project Highlights:

Ground-up development managed by BCP
77,000 Square feet of climate and non-climate controlled self-storage
Grand opening - April 2020
Sold in August 2021

Project Level Returns:

33.1% XIRR
2.3x Equity Multiple
44.7% Annualized Simple Return

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Bluedog Capital 9/14/21 Bluedog Capital 9/14/21

Mandalay Villas - Atlanta, GA

Acquired: October 2016

Located: 1395 Towne Center Village Dr, McDonough, GA 30253

Constructed in 2008, Mandalay Villas is home to 300 contemporary units boasting nine-floor plans ranging in size from 675 - 1,325 square feet. All residences feature private entrances, double-crown molding, open breakfast bars, full-size washer and dryers, 9-foot ceilings, and walk-in closets. Community amenities include resort-style swimming pools and lounge areas, playgrounds, fitness center, business center and a gaming room. Ideally positioned 16 miles south of Atlanta and only 10 miles south of Hartsfield-Jackson Airport, Mandalay Villas offers residents access to top-rated public schools and reasonable cost of living.

Disposition Details:

Invested Equity: $5,475,000

Disposition Date: June 2019

Hold Period: 2+ Years

LP Annualized CoC Return: 19%

LP Return Multiple: 1.53x

Bluedog Capital 9/14/21 Bluedog Capital 9/14/21

Stonegate at Eagles Landing - Atlanta, GA

Acquired: December 2016

Located: 700 Rock Quarry Rd, Stockbrige, GA 30281

Situated in the south metro Atlanta sub-market of Henry County, Stonegate at Eagle's Landing is a highly desired apartment complex featuring 167 one, two, and three-bedroom units and offers amenities including garden tubs, over-sized walk-in closets, attached garages, sunrooms, and security alarm systems. Located two miles away from I-75, residents are connected to downtown Atlanta, Hartsfield-Jackson Airport, Southern Regional Medical Center and Piedmont Henry Hospital. Other popular destinations in the area include Henry Marketplace, South Point, Stockbridge Marketplace, and Tanger Factory Outlets, all of which house a number of top retail stores including Marshall's, Bed Bath & Beyond, Academy Sports, and Pier 1 Imports.