Real Asset Investments

Logica Programmatic
Investment Opportunity

August 2024
Logica Portfolio 1
 Logica Overview
Executive Summary
Carlo Sollami
• Vertically integrated investment platform with construction, asset Managing Partner
management and capital markets expertise • 18 years of financial
• Experienced owner operator of commercial real estate assets services, real estate and
OVERVIEW • Improving real estate market fundamentals with decreasing interest rate infrastructure investment
cycle banking and
• High quality multifamily and retail real estate assets management
• Previously at Citibank
• Sponsor with proven track record of acquiring, owning and managing
250k+ Sq. Ft. of assets Investment Bank

• Logica seeks to partner with a Limited Partner that is able to fund the
company’s pipeline of real estate assets in exchange for attractive risk Jose Gomez
adjusted returns: Managing Partner
• Seeks an estimated of $15 million of Equity to deploy immediately • 20 years of real estate
on existing projects over the next 24 months and infrastructure
OPPORTUNITY
• And an additional $15 million of Equity to fund a growing pipeline of construction experience
alike property assets • Previously at Odebrecht
• Focus in the Southeast in Multifamily, Retail, Industrial and some
Hospitality

Logica Portfolio 2
 Logica Overview
Stakeholders

Financing

Brokers

Title Ins.

Property
Managers

Advisors

Logica Portfolio 3
 Investment Track Record
Historical

Funds Limited Partners Logica Role Strategy Sq Ft AUM IRR

FUND I RAITE INTERNATIONAL, Co-Investor, Residential and Multifamily 28,297 $2,645,000 18.47%
INC Manager Value-Add
FUND II GOSO, LLC Co-Investor, Residential Value-Add 11,076 $1,600,200 12.99%
Manager
FUND III ANDROMEDA CAPITAL Co-Investor, Residential Value-Add 10,544 $2,759,000 16.23%
HOLDINGS, LLC
Manager
FUND IV 2711 TRUST Residential and Multifamily 20,477 $2,938,000 9.00%
Manager Value-Add

FUND V LOGICA REAL ESTATE Co-Investor, Multifamily Value-Add 15,808 $2,500,000 91.65%
SERVICES I Manager
FUND VI LOGICA REAL ESTATE Co-Investor, Multifamily Value-Add 17,457 $1,806,777 159.22%
SERVICES II Manager
FUND VII LOGICA REAL ESTATE Multifamily Value-Add 34,896 $2,800,000 45.33%
Manager
SERVICES III
TOTALS FUNDS I - VII 128,011 $17,048,977

Logica Portfolio 4
 555 Washington Shelborne Hotel
Miami Beach
• Value: $850,000+ • Value: $500,000+
• Office remodeling • Major Window replacement
• Common area renovation • Masonry and concrete work
• Exterior paint • Below grade and roof slab
waterproofing
• CMUs demolition

Construction Experience
Key Projects

St Regis Hotel FedEx Tricolor

• Value: $1,450,000+ • Value: $1,400,000+
• Engineering, supervision and • Open space office renovations
inspection for overhead protection • Demolition, framing, drywall and paint
• New metal framing, stucco, exterior finishes
wall sheathing and paint • Doors, millwork and acoustical ceilings
• Supply and installation of Safety net • Fire/Alarm
• HVAC
Logica Portfolio 5
Portfolio
Currently Already Stabilized Operated Assets

Stabilized Pipeline
SUBJECT PROPERTY LOCATION TYPE NUMBER OF PROJECT COST PROJECT VALUE YIELD-ON-COST STATUS
UNITS/SF

Pineridge
Cocoa, FL Multifamily 24 2,035,000 $3,200,000 7.85% Sold
Apartments

Wheatley
Houston, TX Multifamily 32 $2,400,000 $2,800,000 10.86% Stabilized
Apartments

Allena Multifamily Under

San Antonio, TX 24 $2,210,000 $2,500,000 9.49%
Apartments Contract to Sell

Justine Multifamily
Chicago, IL 22 $1,890,000 $1,850,000 5.61% Stabilized
Apartments

Total: $7,720,000 $10,350,000

 Portfolio
Current Development Assets Available for Co-investment

Development Pipeline
SUBJECT PROPERTY LOCATION TYPE NUMBER OF PROJECT COST EQUITY EQUITY PROJECT STATUS
UNITS/SF INVESTMENT INVESTMENT RETURN
YEAR 1 YEAR 2

Under
A 324 Haus Pompano Beach, FL Development 21 + Retail $5,200,000 $2,650,000 - 25.00%
Permitting

Under
B Gandy St. Petersburg, FL Development 43 + Retail $9,700,000 - $4,850,000 16.35%
Development

C Metro Plaza Doral, FL Retail 14,828 SF $5,300,000 $1,710,000 - 19.14%

Under
Contract

D Keystone
North Miami, FL Luxury SFH 1 $2,800,000 $2,100,000 $735,000 79.30%
Under
Islands Permitting

E $735,000 Under
Shorecrest Miami, FL Luxury SFH 1 $1,800,000 $1,075,000 50.10%
Development

Total: $24,800,000 $7,535,000 $6,320,000 28.13%

Portfolio
Indicative Term Sheet

Equity • Seeks an estimated of $15 million of Equity to deploy • $7.5M Capital Commitment Year 1
immediately on existing projects over the next 24 • $7.5M Capital Commitment Year 2
months • $15 M to fund additional alike Pipeline
• And an additional $15 million of Equity to fund a
growing pipeline of alike property assets Investor

Use of • Development of Class A and Class B properties

Proceeds • US Sub-urban markets.

Leverage • Up to ~80% Loan to Cost (LTC) Logica Capital

• Interest only as available Logica Programmatic Investments I, LLC Management, LLC

Fund • 4-5 Years. Investment Manager

Maturity
Current • Not Expected
Income Keystone
324 Haus Gandy Metro Plaza Shorecrest
Islands
Expected • 15%+
Return Assets

Distributions • 5% preferred return • Pompano, FL • St. Petersburg, FL • Doral, FL • North Miami, FL • Miami, FL
Allocation • 70% of cash flows after 5% IRR • Multifamily • Multifamily • Retail • Luxury SFH • Luxury SFH
• 50% of cash flows after 12% IRR • 21 Units • 43 Units • 18k Sq Ft • 4.5k Sq Ft • 2.9k Sq Ft
• Mixed-Use Leasable Salable Salable
Portfolio
Illustrative Returns Waterfall for on Balance Sheet Properties

Project Year 1 Year 2 Year 3 Year 4

Capital In $ (7,527,278) $ (6,322,418) $ - $ - $ (13,849,696)

Capital Out $ - $ 6,850,000 $ 6,553,651 $ 6,570,381 $ 19,974,032

Income $ - $ - $ - $ - $ -

Net Cash Flow $ (7,527,278) $ 527,582 $ 6,553,651 $ 6,570,381 $ 6,124,335

Annual IRR 28.1%

Returns to Limited Partner Year 1 Year 2 Year 3 Year 4

Equity $ (7,527,278) $ (6,322,418) $ - $ - $ (13,849,696)

5% Preferred $ - $ 6,850,000 $ 6,553,651 $ 1,250,773 $ 14,654,424

70% of Cash Flows After 5% $ - $ - $ - $ 1,322,623 $ 1,322,623

50% of Cash Flows After 12% $ - $ - $ - $ 1,715,073 $ 1,715,073

LP Cash Flow $ (7,527,278) $ 527,582 $ 6,553,651 $ 4,288,469 $ 3,842,424

LP IRR 19.62%
 DISCLAIMER
IRS Circular 230 Disclosure: Logica and its affiliates do not provide tax or legal advice. Any discussion of tax matters in these materials (i) is not intended or written to be used, and cannot be
used or relied upon, by you for the purpose of avoiding any tax penalties and (ii) may have been written in connection with the "promotion or marketing" of any transaction contemplated
hereby ("Transaction"). Accordingly, you should seek advice based on your particular circumstances from an independent tax advisor. Any terms set forth herein are intended for discussion
purposes only and are subject to the final terms as set forth in separate definitive written agreements. This presentation is not a commitment to lend, syndicate a financing, underwrite or
purchase securities, or commit capital nor does it obligate us to enter into such a commitment, nor are we acting as a fiduciary to you. By accepting this presentation, subject to applicable law
or regulation, you agree to keep confidential the information contained herein and the existence of and proposed terms for any Transaction. Prior to entering into any Transaction, you should
determine, without reliance upon us or our affiliates, the economic risks and merits (and independently determine that you are able to assume these risks) as well as the legal, tax and
accounting characterizations and consequences of any such Transaction. In this regard, by accepting this presentation, you acknowledge that (a) we are not in the business of providing (and
you are not relying on us for) legal, tax or accounting advice, (b) there may be legal, tax or accounting risks associated with any Transaction, (c) you should receive (and rely on) separate and
qualified legal, tax and accounting advice and (d) you should apprise senior management in your organization as to such legal, tax and accounting advice (and any risks associated with any
Transaction) and our disclaimer as to these matters.

Any prices or levels contained herein are preliminary and indicative only and do not represent bids or offers. These indications are provided solely for your information and consideration, are
subject to change at any time without notice and are not intended as a solicitation with respect to the purchase or sale of any instrument. The information contained in this presentation may
include results of analyses from a quantitative model which represent potential future events that may or may not be realized, and is not a complete analysis of every material fact
representing any product. Any estimates included herein constitute our judgment as of the date hereof and are subject to change without any notice.

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