Market Overview

Lexerd Capital Management LLC Sponsored Fund Acquires Multifamily Property in Augusta, GA

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Property renamed "Pinewood at National Hills"

Lexerd Capital Management LLC ("Lexerd"), a New Jersey-based sponsor of
private equity funds, announced today that one of its funds has acquired
Center West Villas ("Center West"), a multifamily property in Augusta,
GA. The property, renamed "Pinewood at National Hills" consists of 20
two-story buildings, totaling 160 individual units.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180730005065/en/

Terms of the transaction were not disclosed.

The property is located near the National Hills section of Augusta, just
off Washington Road and minutes from I-20 and Riverwatch Parkway. It is
also five miles from Augusta University Medical Center, seven miles from
the Augusta Mall and less than 15 miles from Fort Gordon.

Internationally, Augusta is best known for hosting The Masters golf
tournament each spring, which attracts over 200,000 visitors from across
the world to the Augusta National Golf Course. Augusta is approximately
two hours east of downtown Atlanta via I-20.

This is the third acquisition in Augusta for a Lexerd-sponsored fund.
The firm previously owned one property in Augusta, which it sold in May
2017, and in August 2017, a Lexerd-sponsored fund acquired three
multifamily properties in Augusta, collectively renamed "The Lory of
Augusta." For more information about this property please visit www.pinewoodnationalhills.com.

Albert Lord III, Founder and CEO of Lexerd, said, "We are excited to add
this property to our Augusta portfolio. The Center West property is a
well-maintained community within the highly desirable area of West
Augusta, near retail shopping, and with easy access to I-20. We know the
Augusta market extremely well and will continue to look for investment
opportunities both in this general area and in the greater Southeastern
US."

About Lexerd Capital

Lexerd Capital Management LLC is a private equity firm that primarily
invests in opportunistic middle market multi-family real estate
investments throughout the United States. Albert L. Lord III founded
Lexerd in 2006 while he was raising capital and advising on a $440
million bid to acquire the Washington Nationals baseball team from Major
League Baseball. Lexerd has managed over $400 million in assets since
its founding. Lexerd also has several joint ventures with established
real estate management companies who operate those properties on a daily
basis. For more information, visit www.lexerdcapital.com.

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