Multi-Family 

• Class A and B apartments
• Primary focus will be:
• 150-300 unit projects
• A and B assets in in-fill locations with good cash flow
• Will consider development on a select basis
• Currently partnered on two platforms to focus on acquisitions in the Midwest and Southern US:
  
• Thiemann Real Estate
• Our relationship with Thiemann Real Estate targets stabilized Class A and B properties in the following Midwestern markets:
  -        Arkansas (Little Rock)
  -        Illinois (Bloomington, Champagne, southern Chicago suburbs, Springfield)
  -        Indiana (Bloomington, Indianapolis, Lafayette, Terre Haute)
  -        Iowa (Des Moines)
  -        Kansas (Kansas City, Lawrence Topeka, Wichita)
  -        Kentucky (Louisville)
  -        Missouri (Columbia, Jefferson City, Springfield)
  -        Nebraska (Lincoln, Omaha)
  -        Oklahoma (Oklahoma City, Tulsa)
  -        Ohio (Cincinnati, Columbus)
  -        Tennessee (Clarkesville, Knoxville, Nashville)
  Thiemann Real Estate website: http://www.thiemannrealestate.com
  Email Address: dthiemann@thiemannre.com 
   
• Mid-America Apartment Communities
  
  Our joint venture with Mid-America Apartment Communities (NYSE: MAA), a Memphis-based REIT, focuses primarily on stabilized properties located in the following markets and neighboring areas (within 20 miles):
  -        Alabama (Birmingham)
  -        Arizona (Phoenix)
  -        Florida (Jacksonville, South Florida, Tampa)
  -        Georgia (Atlanta, Columbus, Savannah)
  -        Kentucky (Lexington)
  -        Mississippi (Jackson)
  -        North Carolina (Charlotte, Raleigh/Durham)
  -        South Carolina (Charleston, Greenville)
  -        Tennessee (Chattanooga, Memphis)
  -        Texas (Austin, Dallas, Houston, San Antonio)
  -        Virginia (Norfolk/Virginia Beach)
  Mid-America website: http://www.maac.net
  
  
• Will consider direct investments in markets where MAA/Thiemann ventures do not focus 
• For more information on our multi-family platform, please contact Rob Bennett (rb@thackeraypartners.com, 214-360-7864) or Joe Chu (jc@thackeraypartners.com, 214-360-7869)

Thackeray Partners 5207 McKinney Avenue, Suite 200  Dallas, TX 75205  TEL: 214-360-7830 FAX: 214-360-7831