Executive Summary Two apartment buildings that are undervalued, collecting below market rents, and possess significant upside (27% annually) for strategic investors have been identified by multi-family expert Cliff Corrall and Columbia adjunct professor Joshua Kahr of Metropolitan America. This business plan outlines an exclusive and limited private equity partnership to acquire the buildings, increase net operating income, and sell the buildings for a robust profit. If you have any questions, please reach out to Adam Peacock at adam@metropolitanamerica.com. As this partnership is likely to be oversubscribed, investors are advised to make commitments early using the template at the end of this document. Disclaimer The material provided in this memorandum is for informational purposes only and is not, and may not be relied on in any manner as, legal, tax or investment advice. The information contained herein remains subject to further updates, revision and amendment without notice. Although Metropolitan America (“MA”) believes the information in this memorandum is accurate as of its date, nothing contained in this memorandum is, or shall be relied upon as, a promise or representation, whether as to the past or the future. The opinions expressed herein are those of MA and should not be taken as an offer to sell or a solicitation of an offer to buy securities. Any projections, market outlooks or estimates in this memorandum are forward-looking statements and are based upon certain assumptions and should not be construed to be indicative of the actual events which will occur. The transaction analyses provided are based on hypotheticals and certain assumptions which can change. There can be no guarantee a transaction will occur at the prices or terms stated herein. The financial projections that appear in this memorandum are estimated revenues, expenses, and cash flow, which are based on research and the assumptions discussed throughout this memorandum. They represent the best of MA’s knowledge and belief. There can be no guarantee that these results will be realized. No part of this material may, without the prior written consent of MA, be (i) copied, photocopied or duplicated in any form, by any means, or (ii) distributed to any person that is not an employee, officer, director or authorized agent of the recipient. As required by Circular 230: Any tax statements contained herein were not intended or written to be used, and cannot be used for the purpose of avoiding U.S., federal, state, or local tax penalties. This memorandum and its enclosures do not constitute an offer of any type. Although every effort has been made to ensure that the contents of this document and its enclosures are correct, no warranty, express or implied, is made to the accuracy or completeness of the information and views expressed herein. You should consult with your own advisors concerning legal, accounting, tax and regulatory matters and shall be responsible for making an independent investigation and appraisal of the risks, benefits and suitability of the transactions contemplated by this memorandum, and MA shall have no responsibility or liability with respect thereto. 1 Investment Highlights Name Value Description Target Annual Return 27% net to investors Annualized rate of return over the lifespan of the investment, net of all fees Target Equity Multiplier 3.1 For every one dollar invested, how many is projected to be returned to investors throughout the lifetime of the partnership Project Hold Period 3-5 years Sell the properties in 3-5 years after the they have been substantially improved General Partner Metropolitan America Formed in 2010 with a strong track record of returning an average of 27% annually net to investors Asset Class Multi-family apartment buildings High-demand housing for workers, retirees, and new families Investment Strategy Rehabilitate buildings and grow net operating income Renovate apartments, align rents to market, reduce expenses, and create additional income sources Reporting and Distributions Monthly report with quarterly distributions Excess cash paid to investors quarterly with investment reports available monthly Region East Orange, NJ U.S. Census Bureau Metropolitan America’s Track Record Metropolitan America has an exceptionally strong track record of driving value creation full-cycle and garnering the trust and confidence of investors through a highly selective process of meticulous financial analysis, detailed planning, transparency, and first-class execution. Address Annual Return Equity Multiple Hold Period (years) Number of Units 977 Stuyvesant, Irvington, NJ 32% 1.8 2.0 24 94 Myrtle, Irvington, NJ 31% 1.7 2.0 18 999 Stuyvesant, Irvington, NJ 25% 1.4 1.3 32 60 S Munn Avenue, East Orange, NJ 23% 3.0 6.5 206 17 Summit Avenue, East Orange, NJ 24% 1.7 2.5 42 Average 27% 1.9 2.9 64 Numbers shown above are net to investors. Past performance may not be indicative of future results. 2 Limited Partnership Terms The following terms will be defined in the limited partnership agreement: Name Value Description Minimum Investment $50,000 Minimum amount required to invest Preferred Return 6% Everyone receives this annual rate of return on their investment and all of their money back before the General Partner receives its profit share Profit Sharing Split 70%/30% to Limited Partners and General Partner respectively Market standard Property Management Fee 5% of effective gross income Fee to cover the costs of management, accounting, and investor reporting Asset Management Fee 0% Annual fee to manage assets Acquisition Fee 2% of total property price One-time fee to cover costs associated with partnership structuring and acquisition Targeted Annualized Return How is the target 27% annualized return achieved? In the commercial real estate market, properties are bought and sold using the shorthand formula: 𝑃𝑟𝑜𝑝𝑒𝑟𝑡𝑦 𝑃𝑟𝑖𝑐𝑒 = 𝐴𝑛𝑛𝑢𝑎𝑙 𝑁𝑒𝑡 𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑛𝑔 𝐼𝑛𝑐𝑜𝑚𝑒 𝐶𝑎𝑝𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛 𝑅𝑎𝑡𝑒 Where the capitalization rate is a market factor impacted by supply, demand, age and quality of the asset, property type, and interest rates. The annual net operating income is earnings before interest, taxes, depreciation, and amortization (EBITDA). This formula enables quick comparison between properties and the direction of the market. In the financial analysis of this partnership, the capitalization rate is kept constant from purchase to sale while the annual net operating income is impacted by: 1. Increased rent revenue 2. Reduced operating expenses 3. Additional income streams 4. Economies of scale After increasing the net operating income, dividing by the same capitalization rate results in a higher property price. Intuitively, the property is worth more since it is generating more income for its owners post-rehabilitation. 3 Keeping the capitalization rate constant throughout the partnership is a reasonable assumption since the properties are in a mature and stable market. Property - 112 Lincoln Street Address 112 Lincoln Street, East Orange, NJ Property type Multi-family apartments One bedroom units 28 One bedroom units with galley kitchens 8 Two bedroom units 9 Rentable floor area 39,185 square feet Price $5,250,000 Capitalization Rate 5.5% 1 Net Operating Income $337,000 1 Includes capital expenditures and transaction costs 4 112 Lincoln Street is a remarkable find Metropolitan America is excited to add to its portfolio. Why? There are straightforward and actionable opportunities to capitalize on: 1. Increasing revenue by aligning rents to market 2. Lowering energy costs with new infrastructure 3. Increasing revenue by providing secure parking Lincoln Street - Increasing Rental Revenue How much headroom is there for rental revenue growth? For one-bedroom units, the following chart shows rent revenues can be increased by approximately 33%: 5 For two-bedroom apartments, rental revenue can be increased by approximately 36%: In return for paying higher rent, the new tenant will receive a higher standard of living since Metropolitan America will renovate the apartments as they turn over. For lease rental renewals, the rents are increased according to local regulations. Lincoln Street - Reduced Operating Expenses The top two operating costs are water/sewer and gas/electricity. Engineering professionals estimate approximately $20,000 of annual savings can be realized by installing modern heating units, water-efficient fittings, and sensors. The post-rehabilitation (red) operating expenses are shown below. YEAR 1- OPERATING EXPENSES WATER/SEWER 25,717 GAS/ELECTRIC 42,149 SUPER/PAYROLL 26,000 LANDSCAPING/SNOW 6,450 EXTERMINATOR 2,400 LEGAL 4,300 ACCOUNTING 4,300 ADVERTISING 2,400 ELEVATOR 3,600 TURNOVER 24,000 MISCELLANEOUS 8,600 MAINT & REPAIRS 21,500 TOTAL 171,416 6 Lincoln Street - Additional Income Source Lincoln Street has an insecure parking lot. In total, there are 48 parking spots. The opportunity for additional income is to repave the lot, install a secure gate system, and charge residences $75 a month for the added value. East Orange has an ordinance preventing street parking after dark. Lincoln Street - Net Impact Opportunity Timeline Impact Increase revenue by aligning rents to market - 20-25% turnover per year - 3-5 years in total +$274,000 revenue 2 Lower energy costs with new infrastructure 1 month -$20,000 operating expense Pave parking lot and install secure gate system 1 month +24,000 revenue 3 3 Although there are 48 spots and the revenue is $75 per spot per month, 48 x $75 x 12 = $43,200, Metropolitan America has modeled parking revenue as only $24,000 to be conservative. 2 Annual rental growth is approximately 7.75%, however, Metropolitan America has modeled it as 7.0%. 7 After adjusting for property taxes, insurance, and operating expense growth, the five-year net operating income becomes approximately $540,000, an increase from the initial net operating income of $337,000. Using the aforementioned formula: 𝑆𝑎𝑙𝑒 𝑃𝑟𝑖𝑐𝑒 = 𝐴𝑛𝑛𝑢𝑎𝑙 𝑁𝑒𝑡 𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑛𝑔 𝐼𝑛𝑐𝑜𝑚𝑒 𝐶𝑎𝑝𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛 𝑅𝑎𝑡𝑒 = $540,000 5.5% = $9, 818, 182 To summarize, 112 Lincoln can be bought for $5.25 million and sold for $9.8 million. There are approximately 5% transaction costs on either side (which are beyond the scope of this document) and debt to be paid back from the sales proceeds. After accounting for transaction costs, the below chart shows the lion’s share of profits is captured by strategic investors. Concretely, the general partner has invested the strategic investors’ $1.7 million and returned $3.4 million or achieved a conservative 26% annualized return year-on-year. 4 4 In financial terms, this 28% return is the internal rate of return according to discounted cash flow analysis which takes into consideration the timing of cash flow (i.e., time-value of money), including rental income. 8 Property - 376 Park Avenue Address 376 Park Avenue, East Orange, NJ Property type Multi-family apartments One bedroom units 8 One bedroom units with galley 16 Basement units 1 Rentable floor area 25,400 square feet Price $4,000,000 Capitalization Rate 5.5% 5 Net Operating Income $278,000 5 Includes capital expenditures and transaction costs 9 For 376 Park Avenue, the straightforward and actionable opportunities to capitalize on are: 1. Increasing revenue by aligning rents to market 2. Lowering energy costs with new infrastructure 3. Reducing operating expenses through economies of scale Park Avenue - Increasing Rental Revenue For Park Avenue one-bedroom apartments, the headroom to raise rents is approximately 22%. 10 For two-bedroom apartments, the headroom to raise rents is approximately 27%. Again, it should be noted apartments are renovated prior to raising rents to increase the standard of living for the new tenant. Similarly, for lease renewals, rents are increased according to local regulations. Metropolitan America values its tenants and appreciates this strategy only succeeds if everyone involved receives additional value. 11 Park Avenue - Reduced Operating Expenses Engineering reports indicate opportunities to reduce operating expenses at the Park Avenue property. Namely, water/sewer can be optimized with new fittings and sensors. Another differentiating factor of Metropolitan America is its in-house building management. Having a strong building management team in-house creates opportunities to reduce expenses via economies of scale. Specifically, the super/payroll costs are shared between the two buildings. Post-rehabilitation (red) operating expenses are shown below. YEAR 1- OPERATING EXPENSES WATER/SEWER 12,830 GAS/ELECTRIC 11,926 SUPER/PAYROLL 15,000 LANDSCAPING/SNOW 1,400 EXTERMINATOR 2,400 LEGAL 2,500 ACCOUNTING 2,500 ADVERTISING 2,400 ELEVATOR 0 TURNOVER 12,000 MISCELLANEOUS 5,000 MAINT & REPAIRS 12,500 TOTAL 80,456 Park Ave - Net Impact Opportunity Timeline Impact Increased revenue by aligning rents to market - 20-25% turnover per year - 3-5 years in total +$166,000 revenue 6 Lowering energy costs with new infrastructure 1 months -$5,000 operating expense Economies of scale sharing expenses N/A -$10,000 operating expense After adjusting for tax, insurance, and operating expense growth, the five-year net operating income becomes approximately $396,000, an increase from the initial net operating income of $278,000. Using the aforementioned formula: 6 Stress testing suggests annual rental income growth to be 6.25%. MA has modeled the rental income growth as only 6%. 12 𝑆𝑎𝑙𝑒 𝑃𝑟𝑖𝑐𝑒 = 𝐴𝑛𝑛𝑢𝑎𝑙 𝑁𝑒𝑡 𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑛𝑔 𝐼𝑛𝑐𝑜𝑚𝑒 𝐶𝑎𝑝𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛 𝑅𝑎𝑡𝑒 = $396,000 5.5% = $7, 200, 000 To summarize, 376 Park Avenue can be bought for $4 million and sold for $7.2 million. Again, after accounting for transaction costs, the general partner has invested the strategic investors’ $1.1 million and returned $2.4 million. This is a conservative 28% annualized return year-on-year. Excess Cash Throughout the lifetime of the partnership, excess cash (profits after debt servicing) the business generates will be paid to strategic investors on a quarterly basis according to the outlined terms. An investor can approximately expect to receive cash payments on their investment according to the below schedule: 2024 2025 2026 2027 2028 4% 6% 8% 10% 270-320% 7 You can conceptualize your investment as a three-to-five-year bond with increasing coupon payments and principal repayment at maturity of three times your initial investment. For any investor holding traditional bonds, cash, or money markets in their portfolio, this partnership is a far superior asset and should 7 The final excess cash payment includes the sale of the building where excess proceeds are paid to investors. 13 strongly consider reallocating. Investing in a stream of profitable private equity partnerships can dramatically improve retirement outcomes through significant wealth creation. Capital Raise To execute the strategy outlined, Metropolitan America is raising $2,812,000 and will take a low-interest loan out for $6,675,000. In this business plan, a capital expenditure budget of $250,000 has been reserved for the enhancements outlined such as the renovation of apartments, paving, energy efficiency upgrades, and a secure gate system. Leadership - Cliff Corrall Cliff Corrall is a distinguished expert in the field of multi-family real estate, well-known for his comprehensive understanding and unwavering commitment to driving peak performance in all properties while delivering substantial returns for investors. With a remarkable career spanning over three decades, Cliff has amassed extensive experience in investment management, acquisitions, asset management, and capital sourcing. As a co-founder of Metropolitan America (MA) and as key member of the investment management team, Cliff plays a vital role in every facet of the investment process. His contributions encompass overseeing acquisitions, managing assets, and diligently sourcing both equity and debt for projects. Cliff's comprehensive involvement ensures a holistic approach to property investment, capitalizing on opportunities and mitigating risks to achieve optimal outcomes. Before joining MA, Cliff held the position of Executive Vice President at Countrywide Financial Corporation in Los Angeles, CA, where he led one of the most successful institutional mortgage securities sales teams in the industry. Over an impressive eight-year span, his team executed transactions totaling over $3 trillion in Mortgage-Backed Securities (MBS), Commercial Mortgage-Backed Securities (CMBS), and Asset-Backed Securities (ABS), generating more than $300 million in gross revenue. His clients included prestigious institutions such as large state pension funds, insurance companies, banks, money managers, hedge funds, as well as government-sponsored entities like Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac). Throughout his illustrious 21-year Wall Street career, Cliff held positions at renowned investment banks including JPM Chase, DLJ, Smith Barney, and PaineWebber. He consistently proved himself as a top mortgage sales producer, demonstrating his exceptional market acumen and ability to foster lasting client relationships. Beyond his Wall Street endeavors, Cliff also founded and served as President of Corrall Development, Inc., a luxury residential ground-up development firm based in Los Angeles. Under his 14 leadership, Corrall Development completed and sold projects valued at over $13 million, showcasing his hands-on experience in real estate development. Cliff's academic achievements further solidify his expertise in the industry. He earned his Bachelor of Arts in Economics from the University of Rochester and pursued a dual master's degree. He holds a Master of Business Administration (MBA) in Finance from the William E. Simon School of Business Administration at the University of Rochester, providing him with a strong foundation in financial management. Additionally, he obtained a Master of Science in Real Estate Development from Columbia University, equipping him with specialized knowledge in the intricacies of the real estate market. Known for his tireless work ethic and meticulous attention to detail, Cliff Corrall stands out as a consummate professional in the realm of multi-family real estate. With his deep understanding of investment strategies, property management, and capital markets, he diligently works to ensure that all properties under his purview perform. By effectively harvesting returns for investors, Cliff reinforces his reputation as a trusted expert who consistently delivers exceptional results in the ever-evolving landscape of multi-family real estate. Leadership - Joshua Kahr Joshua Kahr is a highly regarded figure in the fields of real estate market analysis, finance, and investment. With a diverse range of accomplishments and experiences, he has established himself as an accomplished professional and dedicated educator. Joshua's expertise extends to managing operations, business development, and overseeing projects in the real estate industry. He co-founded Metropolitan America in the wake of the Great Financial Crisis. Some early investments were in repositioning properties that had been foreclosed on by lenders or otherwise were in trouble. He also established Essex Suites in 2020, a coworking business that opened its first location in Verona, New Jersey. These endeavors further exemplify his entrepreneurial spirit and commitment to exploring innovative avenues in the real estate industry. In addition to investing, he has lent his expertise on consulting and research assignments. He has undertaken an analysis of inequalities in the tax assessment system for New York City's commercial real estate, shedding light on significant under-assessment relative to the City's guidelines. Additionally, Joshua produced feasibility studies for the Atlantic Yards development in Brooklyn, NY, and created financial plans for the redevelopment of the Port of Cleveland. Joshua's dedication to education is evident in his role as an adjunct professor at Columbia University. Since 2005, he has taught real estate finance, real estate capital markets, and related subjects in the university's Master of Science in Real Estate Development program. He has also served as an adjunct professor at esteemed institutions such as 15 Georgetown University, Northwestern University, Auburn University, New York University, and the City University of New York, further solidifying his contributions to shaping the next generation of real estate professionals. He has also taught over 200 workshops such as "Advanced Pro-forma Modeling with Excel" and courses on Argus, a dominant real estate financial package for analysis. Clients have included renowned business schools like the University of Chicago, Wharton, and Harvard, as well as esteemed investment firms such as Credit Suisse, Blackstone, and General Electric. He has personally conducted seminars across the United States and in international locations like Tokyo, Dubai, London, Hong Kong, and Singapore, solidifying his reputation as an authority in real estate financial modeling and analysis. He has also conducted seminars for the United States Environmental Protection Agency and affiliated state agencies, focusing on fostering collaboration between government officials and the private sector in redeveloping environmentally contaminated properties. In addition to being published in leading publications, his writings include a textbook "Real Estate Market Valuation and Analysis" (John Wiley and Sons: 2005) and “Beyond the Bubble" (Amacom Books: 2007), a book offering insights into the state of the housing market. Joshua Kahr holds a Master of Science in Real Estate from New York University and a Bachelor of Arts in Economics from Reed College. He previously served on the Board of Directors for Monmouth Real Estate Investment Corporation (NYSE: MNR), a publicly-traded Real Estate Investment Trust, further highlighting his commitment to industry leadership and governance. He is currently on the advisory board of clik.ai, a property technology company that uses machine learning to automate the residential real estate underwriting process. He is licensed as a real estate broker in the State of New York and New Jersey. Partnership Structure As an investor you are offered ownership via a limited partnership agreement. A limited partner owns a percentage of the business which owns the properties. The scope of the business is outlined by this business plan. To align interests, the general partner also co-invests and co-owns alongside investors. The limited partners are entitled to receive a pro-rata share of the profits and liabilities generated from running the business. Daily decision-making is solely entrusted to the discretion of the general partner, Metropolitan America. Metropolitan America has a fiduciary responsibility to act in the best interest of its investors and undertakes this responsibility seriously. Fee Structure Differentiating Metropolitan America from other private equity firms, Metropolitan America collects no annual asset management fee. The general partners receive the majority of their compensation upon selling the property, paying back any debt, and paying a preferred return to the investors. As a result, the general partners are highly incentivized to achieve the stated goals and generate cash flow for investors. This alignment has worked well in the past for investors and Metropolitan America and is fitting for this partnership. The property management fee of 5% of effective gross income covers costs associated with staffing and running the business. It is not used as a source of significant income for the general partner. 16 Everyone receives their 6% preferred return and their initial investment back before the General Partner receives its profit share. Investors then receive 70% of profits above the 6% threshold. After the threshold is reached, the General Partner receives 30% of the profits. A one-time acquisition fee of 2% of the purchase price is paid to the General Partner to cover costs associated with partnership identification, structuring, pooling capital, and acquisition. Capital Structure Investors and the General Partner are on equal footing in the capital structure. However, investors and the General Partner are lower in the capital structure than the lender who has first rights to any proceeds generated by the sale of a property to cover any debt held against the property. Debt Terms Investors’ capital is levered through debt. The debt is serviced from income generated by the properties. The terms are tabulated below and may change subject to market conditions. Name Value Description Lender Institutional commercial lender Major commercial bank, pension fund, or life insurance company Principal $6,675,000 Amount borrowed from the lender Interest Rate 6 - 7% Annual interest rate on the debt 17 Execution Timeline Day-zero (contract signing) is the 20th of June, 2023. The acquisition is expected to take place sixty days after contract signing. Key Dates for Investors Date Event 20 June 2023 Accepting commitments 20 July 2023 Limited partnership agreement execution 20 August 2023 Capital call 31 August 2023 Funds deadline Frequently Asked Questions Q: Can I sell my shares early? A: This is not recommended. However, if you have a willing buyer who qualifies, Metropolitan America will make accommodations to transfer the shares. Metropolitan America will not handle the transfer of funds. Q: How are the financial projections conservative? A: The rental growth has been stress tested and set to a value below what our models estimate and below what Metropolitan America’s experts think is achievable. Q: What’s the biggest risk and how is it being managed? 18 A: The biggest risk is rental income growth. “What gets measured gets managed.” Metropolitan America meticulously tracks key performance indicators and does a deep-dive on any which deviate from projections. Q: Are there any restrictions on who can invest? A: Yes, you must be an accredited investor according to the SEC’s definition making over $200,000 in the prior two years (or $300,000 jointly with spouse), and reasonably expect the same for the current year, or have a net worth of at least one million dollars excluding your primary residence. Q: Can I see the properties? A: You are welcome to drive by them, however, individual tours are not offered. This investment vehicle is intended to be light-touch for busy investors. Q: Can I speak with Joshua or Cliff? A: Yes, but only when making larger commitments. Joshua and Cliff are diligently finalizing the transaction. If there is sufficient demand, we can organize a group Q&A session. Q: Are the funds segregated from other vehicles? A: Yes. Q: Can I invest through a self-directed IRA? A: For larger investments, yes, we can help you through the process using a third party. Q: Can I speak with other investors? A: Metropolitan America doesn’t offer introductions, but you are welcome to compare notes with investors you already know. Q: Are Cliff, Joshua, and Adam investing? A: Yes. Q: When will I get all of my capital back? A: Upon sale of the properties and after the residual loan is paid back. Q: Can I negotiate a different fee structure or bespoke terms? A: Unfortunately, negotiating and accommodating individual terms isn’t offered. Q: Can I invest in one building and not the other? A: No, the portfolio is being offered to increase diversity, reduce risk, and achieve economies of scale. Further, if only one property is bought, realigning rents to market is harder since the other property is still offering below-market rents. This strategy works best if all the underperforming properties are realigned and the entire market is elevated. Q: What’s the difference between an investor and a strategic investor? A: Metropolitan America reserves the right to decide whom it strategically partners with. Q: Does the size of my investment affect the chances of being included? A: Yes, the final list of strategic investors will be double-sorted based on size and timing of commitment. 19 Q: Who handles the funds? A: Investors send funds to the attorney closing the acquisition. The funds are temporarily placed in an escrow account prior to closing. Summary Why should you invest? Metropolitan America believes this partnership is a compelling investment for the following reasons: 1. A multi-family expert and a professor of real estate finance structuring and executing the partnership 2. A differentiated private equity firm with in-house property management and no asset management fee 3. Meticulous financial analysis, planning, and documentation 4. Highly conservative financial projections that will far outperform other asset classes 5. Segmented market dislocations and inefficiencies that creates opportunities for sophisticated investors 6. Built-in economies of scale, leverage, and coordination to enhance financial performance Steps to Invest 1. Read this document in its entirety 2. Send Adam any questions you may have and request a copy of the limited partnership agreement 3. Communicate commitment using the below template: To: adam@metropolitanamerica.com Subject: Lincoln & Park Commitment Hi Adam, Please register me as an interested limited partner with the below commitment: Name: __________ Email: __________ Address: ________ Phone: _________ Amount: $_______ Thanks, ____ 4. Receive and execute a limited partnership agreement via DocuSign 5. Schedule a wire or send a check to the closing attorney’s trust account 20