| INVESTMENT POSITION | Parri Passu Co-GP Equity |
| CCG INVOLVEMENT | Primarily passive with disproportionately low promote share relative to contribution percentage |
| CAPITALIZATION STRUCTURE | Institutional Joint Venture Equity Capitalizations (i.e. “common equity deals”) CCG typically abstains from subordinating to preferred equity or mezzanine debt. |
| LEVERAGE | 50% to 80% LTC |
| ASSET CLASSES: | Multifamily, Industrial / Logistics, Student Housing, Senior Housing (skew towards lower acuity), Cold Storage, Life Sciences, Manufactured Housing, and Single Family Build-to-Rent |
| GEOGRAPHY | Nationwide |
| TARGET HOLD PERIOD: | 2 – 7 Years |
| TOTAL PROJECT COST | Typically $50MM – $250MM+ |
| CCG INVESTMENT | $1mm – $10mm per project with capacity to upsize via sidecar or co-invest |
| BUSINESS PLAN | Core-Plus, Value-Add, and Ground-Up Development |
| OPERATORS | Vertically integrated, multi-cycle track record with demonstrated success. CCG tends to favor operators with whom CCG can deploy programmatic or ‘pledge fund’ capital ($10mm – $30mm) over multiple years. |
