Portfolio

Current Holdings

The Hive

Fund XI

The Hive

LOCATION Dallas, TX
# UNITS 386
Purchase Price$48,000,000
Current Value* $69,000,000
Emerald Ridge

KCAP RE Fund III

Emerald Ridge

LOCATION Memphis, TN
# UNITS 374
Purchase Price$24,727,000
Current Value* $33,500,000
Meadows at Ferguson

KCAP RE Fund XII

Meadows at Ferguson

LOCATION Dallas, TX
# UNITS 264
Purchase Price$30,025,000
Current Value* $40,894,500
Pinebrook Pointe

KCAP RE Fund III

Pinebrook Pointe

LOCATION Memphis, TN
# UNITS 248
Purchase Price$16,400,000
Current Value* $16,500,000
Midtown Oaks

KCAP RE Fund III

Midtown Oaks

LOCATION Montgomery, AL
# UNITS 244
Purchase Price$11,224,000
Current Value* $21,876,768
Grahamwood Place

KCAP RE Fund III

Grahamwood Place

LOCATION Memphis, TN
# UNITS 244
Purchase Price$16,134,000
Current Value* $18,100,000
The Dominik

KCAP RE Fund XI

The Dominik

LOCATION College Station, TX
# UNITS 240
Purchase Price$18,000,000
Current Value* $21,925,063
Tuscany at Midtown

KCAP RE Fund III

Tuscany at Midtown

LOCATION Montgomery, AL
# UNITS 234
Purchase Price$17,850,000
Current Value* $20,980,179
Holleman Oaks

KCAP RE Fund XI

Holleman Oaks

LOCATION College Station, TX
# UNITS 198
Purchase Price$16,632,000
Current Value* $18,088,177
Birchwood

KCAP RE Fund III

Birchwood

LOCATION Montgomery, AL
# UNITS 184
Purchase Price$13,960,000
Current Value* $18,975,376
Holland Lane Denton

Holland Lane Fund

Holland Lane Denton

LOCATION Denton, TX
# UNITS 178
Purchase Price$5,800,000
Current Value* $6,000,000
Emerald Park

KCAP RE Fund III

Emerald Park

LOCATION Memphis, TN
# UNITS 157
Purchase Price$10,384,000
Current Value* $14,800,000
Canyon Village

KCAP RE Fund XI

Canyon Village

LOCATION Bryan, TX
# UNITS 145
Purchase Price$10,350,000
Current Value* $13,291,667
The Mark

KCAP RE Fund III

The Mark

LOCATION Montgomery, AL
# UNITS 144
Purchase Price$13,620,000
Current Value* $14,850,294
Villa Gardens

Fund XII

Villa Gardens

LOCATION Farmer's Branch, TX
# UNITS 142
Purchase Price$21,050,000
Current Value* $22,627,257
Texas Portfolio

KX Wealth Fund I/KCAP RE Fund II

Texas Portfolio

LOCATION Various (TX)
# UNITS 131
Purchase Price$11,426,483
Current Value* $18,648,943
Emerald Square

KCAP RE Fund III

Emerald Square

LOCATION Memphis, TN
# UNITS 124
Purchase Price$8,202,000
Current Value* $15,600,000
Joshua Landing

Fund II

Joshua Landing

LOCATION Joshua, TX
# UNITS 100
Purchase Price$23,200,000
Current Value* $29,200,000
Emerald Pointe

KCAP RE Fund III

Emerald Pointe

LOCATION Memphis, TN
# UNITS 93
Purchase Price$6,153,000
Current Value* $11,300,000
Turtle Place

KCAP RE Fund III

Turtle Place

LOCATION Montgomery, AL
# UNITS 88
Purchase Price$7,560,000
Current Value* $9,075,180
Pineridge

KCAP Re Fund II

Pineridge

LOCATION Gainesville, FL
# UNITS 84
Purchase Price$4,250,000
Current Value* $7,350,000
Executive

KX Wealth Fund I

Executive

LOCATION San Antonio, TX
# UNITS 68
Purchase Price$3,960,000
Current Value* $6,500,000
Florida Portfolio

KX Wealth Fund I/KCAP RE Fund II/KCAP RE Fund III

Florida Portfolio

LOCATION Various (FL)
# UNITS 50
Purchase Price$9,058,311
Current Value* $15,788,500
Westwood

KCAP Re Fund II

Westwood

LOCATION Abilene, TX
# UNITS 28
Purchase Price$1,529,340
Current Value* $2,560,000

Single-Family Holdings

SINGLE-FAMILY HOLDINGS BY STATE

State# UnitsPurchase PriceCurrent Value*
Texas122$31,345,771$48,913,370
Florida21$12,038,311$20,325,500

*Current Value is given as of the end of the most recent calendar quarter and is subject to change without notice. “Current Value” is an estimate based on factors determined by KeyCity in its sole discretion, is given for reference only and should not be relied upon to determine the overall value of the properties held by each of the fund in question. “Current Value” is not intended to represent the amount which the property would be sold for to an independent third party. KeyCity intends, but has no obligation, to update the Current Values of the properties on a quarterly basis.

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