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WHY BUILT TO RENT

Build-to-Rent assets are expected to produce the highest risk-adjusted return of any property type.

Please read our Offering Circular before investing

ASSET CLASS FILLED BY MOM & POP OPERATORS

Institutions to invest trillions into single-family rentals over time

ASSET CLASS RIPE FOR CONSOLIDATION

The Build-to-Rent sector represents a massive opportunity for investors, generating better returns than multifamily. While 55% of multifamily rental units are owned by large
institutions, only 2% of single-family rentals are owned by institutions, making this asset class ripe for consolidation.

Please read our Offering Circular before investing

INCREASING DEMAND FOR RENTALS

Institutions to invest trillions into single-family rentals over time

Americans lacking the funds to buy a home

25 %

MORE HOUSEHOLDS ARE CHOOSING TO RENT

The renter-by-choice segment wants the space of a single-family home without the maintenance obligations of owning or the shared walls, hallways, and limited private outdoor space of most multifamily communities.

Total households expected to be created over next 5 years

25 M

DEMAND IS HERE, AND IT IS INCREASING FASTER THAN EVER

Household formations are the fundamental driver of housing demand. Per Green St, an estimated 7.5 million total households are expected to be created over the next 5 years in the United States.

More renter households today than pre-covid

25 K

COVID RAPIDLY ACCELERATED DEMAND FOR RENTAL HOMES

Single family rental homes provide households more square footage, an essential feature in work from home arrangements demanding additional space to function as an office.

Record-high occupancy in US rental homes

25 %

THE COST OF HOME- OWNERSHIP IS SURGING

With substantial home price appreciation over the past couple years, homeownership is increasingly out-of- reach for millennials, our target market.

Please read our Offering Circular before investing

PROVIDING RENTERS WITH A SUPERIOR PRODUCT

We are in for the Long Haul

Younger cohorts will continue to enter the market and demand for starter homes will rise. Affordability will become an issue-especially when it comes to down payments. According to Freddie Mac, “we don’t expect the shortage to slow down in the next 10 years“

STREAMLINED LEASING

Using cutting edge websites and new self- showing technology, prospective residents can lease a home quickly, efficiently and with minimal distraction. With a few clicks, residents can view detailed information on a particular home online, take a virtual tour, book an in-person home visit, and complete an application. Many residents of BTR homes can actually go from finding a home online to move-in in a matter of days, in a predominantly “virtual” experience.

HASSLE-FREE ONGOING MAINTENANCE

Instead of waiting for individual vendors to service homes, a robust fleet of in-house maintenance technicians can be dispatched on short notice to tend to common plumbing, HVAC, handyman, and day-to-day repairs. As a result, home maintenance can usually be completed by one technician in a single visit, as opposed to requiring multiple visits from multiple vendors, which can cause frustration and waste valuable time for residents.

PRISTINE HOME QUALITY & ENERGY EFFICIENCY

Homes are constructed to a high standard, and include energy-efficient appliances as well as smart thermostats, leak detection sensors, smart locks, and other connected tools. New roofs, windows, and insulation, combined with high- grade and environmentally friendly paint, flooring, and carpets, provide residents with an incredible move-in and lifestyle experience. Residents have the privilege of living in a brand new home, with improved air quality and circulation, as well as reduced utility expenses.

FAR SUPERIOR CUSTOMER SERVICE

State-of-the-art call centers enable residents to quickly resolve a wide range of issues, ranging from submitting a maintenance request, to asking about a renewal notice or inquiring about moving to a larger rental home in the same neighborhood. The general goal is to achieve a high level of customer satisfaction while reducing stress and time wasted, resulting in far superior customer service than traditional mom-and-pop operators.

Please read our Offering Circular before investing

MASSIVE SHORTAGE OF HOUSING

In many ways, renting an institutionally managed single-family home today is like living in a full-service apartment or hotel, and certainly more convenient and compelling compared to renting from a non-institutional landlord, or even homeownership in some cases. Professional property management, combined with high-quality renovations and worry-free maintenance, provides residents with more free time to spend with family and friends.

OVERALL FEWER HOMES ARE ON THE MARKET

Between 2018 and 2020, the housing supply shortage increased from 2.5 million to 3.8 million units.

FEWER HOMES LED TO A DECADE OF PRICE APPRECIATION

120 consecutive months of year-over-year home price increases, the longest running streak on
record.

INCREASED DEMAND HAS PUSHED THE SHORTAGE EVEN FURTHER

72 Million Millennials are entering the market

But from 2018-2020, the
pandemic and other
factors caused a 52%
supply decrease.

HOME PRICES ARE ON THE RISE

In the last year, low supply and high demand have resulted in a 19% price increase.

Please read our Offering Circular before investing

BENEFITS OF BUILD TO RENT

Strong And Increasing Demand

Housing demand surged during the pandemic and now 15 million households, representing 35% of renting households, choose to rent single-family homes rather than multi-unit apartments. Post-pandemic this is expected to accelerate even more. With record-high housing prices continuing to rise higher, BTR will see even more demand. BTR is already the fastest growing vertical in real estate!

Low Tenant Turnover

BTR results in a sticky, stable resident base. Average annual income for residents is over $110k across two wage earners. Residents have a 75% renewal rate. Higher price point homes in established, infill neighborhoods drive stickier residents and insulation from new supply. There is zero exposure to substantial development risk using our infill strategy.

Inflation Hedge

BTR is a great hedge against inflation. Why? As the community is being developed, market rents continue to accelerate. Once constructed, BTR assets immediately lease-up at the market rate. As opposed to other niches with loss-to- lease on their income statements, BTR landlords can raise their rents at a faster rate, leading to outsized risk-adjusted returns.

Mom-and-Pop Owners

BTR represents a massive opportunity for investors, generating better returns than multifamily with half the volatility. While the majority of multifamily rental units are owned by large institutions, 98% of single-family rentals are owned by mom- and-pop landlords, making this asset class ripe for consolidation.

Recession-Resistant

Build-to-rent communities benefit from structural hedges to macroeconomic weakness. When the economy tightens, fewer residents move-out to homeownership, resulting in higher occupancy and longer-term tenancy. In addition, higher unemployment leads to more single-family renter household formations as cost-burdened families needing more space elect to rent homes as opposed to purchase their own.

Better Cash Flow

Given the higher cost of existing single- family homes and the struggle to find existing inventory, builders and investors are realizing the advantages of BTR opportunities. In Central Florida, stabilized yield-on-cost for BTR exceeds the cap rates for existing portfolios. End result? BTR investors own brand new Class A units that cashflow better than homes built decades earlier.

Minimal Capital Expenditures

Build-to-Rent offers significantly lower capital expenditures for the first ten
years of ownership as compared to
existing home portfolios, providing more
free cash flow for investors.

Margin of Safety

Build-to-rent is the ultimate value-add strategy. BTR homes are constructed at significant discount to market value,
resulting in immediate value creation.
The built-in equity serves the fund with a
nice margin of safety.

Severe Supply Shortage

Housing analysts calculate the current level of long-term underbuilding in a range of four million missing, unbuilt homes. That imbalance of organic, structural supply constraint versus brute increasing demand will define residential investment, development, and construction dynamics for years to come.

Location Location Location

Developers of brand new build-to-rent communities can select premier markets and cherry-pick the very best parcels of land for their product. Real estate is about location, location, locationand there is no better location for build-to- rent homes than in Central Florida.

Please read our Offering Circular before investing

BUILD-TO-RENT STRATEGY

Build-to-Rent takes the best aspects of single-family rentals and upgrades the experience by developing all homes inside a professionally managed community.

Our strategy will be to develop each project from the ground up (“build”) and then lease and hold (“rent”) the stabilized property for the long-term. Wealth is created during the ground up development phase, and then the asset transitions to delivering a high yield passive income stream. This is a popular strategy utilized by institutions, pension funds, family offices, public REITs and insurance companies to maximize both appreciation and cash flow.

Please read our Offering Circular before investing

BENEFITS

> High Yield and Appreciation

Our build-to-rent strategy achieves the two biggest goals of real estate investing, growth and income, with a single vehicle.

> Enter Red Hot Markets at a Better Basis

Build-to-rent is the ultimate value-add strategy. End result? Brand new, A++ product in A+ locations at much better cap rates than existing inventory.

> Prioritize Location, Location, Location

Leveraging institutional data, we purchase premier infill parcels in superb sub-markets for our high-quality communities.

> Reduce Taxes

Capital gains is a tax paid when you sell an asset that has increased in value. Our BTR strategy avoids this issue, taking full advantage of depreciation and the ability to refinance tax- free.

> Reduces Cash Drag

If a development project is complete and then sold, the money returns to your bank account. From there, it may take you three to six months before you are able to redeploy that capital. Our strategy improves your velocity of money.

> Margin of Safety

Brand new communities are constructed at significant discount to market value, resulting in immediate value creation and a nice margin of safety.

BENEFITS OF INVESTING

PASSIVE INCOME

Investors receive quarterly cash flow distributions, allowing them to buy more time with their families. The stable cash flow generated by build- to-rent homes reduces investor risk and ensures consistent and predictable passive income.

RECESSION-RESISTANT

Residential housing has a long history of being affected far less than other asset classes in the past recessions. At its core, build-to-rent housing provides a basic human need – shelter. As such, it joins food staples as one of the last two expenses people forego during times of severe economic stress.

BEST RISK-ADJUSTED RETURNS

With phenomenal supply and demand economics, build-to-rent homes are expected to produce the best risk- adjusted return of any property type. With the highest compounded annual growth (CAGR) projections of any property type, build-to-rent homes are well-positioned to outperform for the foreseeable future.

DIVERSIFICATION

Because real estate investments tend to behave differently than typical stock and bond investments, adding them to a portfolio may provide broader diversification, enhance returns, and increase income levels. Our investment fund intends to diversify across multiple build-to-rent projects.

INFLATION HEDGE

To help offset the loss of purchasing power of the dollar, savvy investors use residential real estate as an inflation hedge to generate yield above the rate of inflation by locking in low long-term mortgage interest rates, exporting inflation to tenants by raising rents, and profiting from the increase in home prices over the longer term.

SIGNIFICANT TAX BENEFITS

The tax code favors real estate investors. Capital gains is a tax paid when you sell an asset that has increased in value. Our build-to-rent strategy avoids this issue, taking full advantage of depreciation and the ability to refinance tax-free. Investing passively allows you to get the cash flow and tax benefits of owning real estate, without the headaches of being a landlord.

Please read our Offering Circular before investing

BECOME AN INVESTOR

Investors in the Real Street Build-to-Rent Fund can expect a combination of regular income through rental payments and potential capital appreciation upon the sale of the properties. The fund’s investment strategy aims to provide a balanced approach, leveraging the stability of rental income and the potential for capital gains over the investment horizon. Through diligent property selection, active management, and prudent exit strategies, the fund seeks to generate attractive risk-adjusted returns for its investors in the medium to long term.

Please read our Offering Circular before investing

Address

9200 NW 39th Ave., Suite 130 – 1002
Gainesville, FL 32606
(352) 833-5549
info@realstreetcapital.com

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Please read our Offering Circular before investing

To present accurate and reliable financial projections, there can be no assurance that any of the assumptions in the projections outlined above will be accurate. The projections are subject to inherent limitations and are based on information available at the time of their preparation. They may be affected by subsequent developments or changes that were not anticipated.

AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT WHICH ONLY MEANS THAT REAL STREET BUILD-TO-RENT FUND I, LLC MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THAT OFFERING STATEMENT. NEITHER THE SEC NOR ANY STATE SECURITIES COMMISSION IS ENDORSING THE MERITS OF THIS OFFERING OR GUARANTEEING THE ACCURACY OR COMPLETENESS OF THIS OFFERING CIRCULAR.

THE SECURITIES OFFERED BY REAL STREET BUILD-TO-RENT FUND I, LLC ARE HIGHLY SPECULATIVE. INVESTING IN MEMBERSHIP UNITS OF REAL STREET BUILD-TO-RENT FUND I, LLC, INVOLVES SIGNIFICANT RISKS, OR THE POSSIBILITY OF LOSING YOUR ENTIRE INVESTMENT.

PAST PERFORMANCE OF THE COMPANY OR ITS MANAGEMENT DOES NOT GUARANTEE FUTURE RESULTS. SOME OF THE STATEMENTS UNDER “OFFERING SUMMARY”, “RISK FACTORS”, “MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS”, “THE COMPANY’S BUSINESS” AND ELSEWHERE IN THE OFFERING CIRCULAR CONSTITUTE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS RELATE TO EXPECTATIONS, BELIEFS, PROJECTIONS, FUTURE PLANS AND STRATEGIES,ANTICIPATED EVENTS OR TRENDS AND SIMILAR MATERS THAT ARE NOT HISTORICAL FACTS. IN SOME CASES, YOU CAN IDENTIFY FORWARD-LOOKING STATEMENTS BY SUCH TERMS AS “ANTICIPATE”, “BELIEVE”, “COULD”, “ESTIMATE”, “EXPECT”, “INTEND”, “MAY”, “PLAN”, “POTENTIAL”, “SHOULD”, “WILL”, AND “WOULD” OR THE NEGATIVES OF THESE TERMS OR OTHER COMPARABLE TERMINOLOGY.

YOU SHOULD NOT PLACE UNDUE RELIANCE ON FORWARD-LOOKING STATEMENTS. THE CAUTIONARY STATEMENTS SET FORTH HERE AND IN THE OFFERING CIRCULAR, INCLUDING IN “RISK FACTORS” AND ELSEWHERE, IDENTIFY IMPORTANT FACTORS WHICH YOU SHOULD CONSIDER IN EVALUATING OUR FORWARD-LOOKING STATEMENTS. PROSPECTIVE INVESTORS SHOULD INFORM THEMSELVES AS TO THE LEGAL REQUIREMENTS AND TAX CONSEQUENCES WITHIN THE COUNTRIES OF THEIR CITIZENSHIP, RESIDENCE, DOMICILE AND PLACE OF BUSINESS WITH RESPECT TO THE ACQUISITION, HOLDING OR DISPOSAL OF SECURITIES OF THE TYPE DESCRIBED HEREIN, AND ANY FOREIGN EXCHANGE OR OTHER NON-U.S. RESTRICTIONS THAT MAY BE RELEVANT THERETO.