Total Investment Cost: €16,000,000.00

RE Portfolio Sale proceeds EoY 7: €19,900,000.00

Total Net Operating Income in 7years: €1,800,000.00

Total Rental Income + Asset Sale: €20,500,000.00

Annual ROI: 35%

CAGR: 12%

Assumptions:

* Annual Rental Income Increase: 3.5%

* Exit Yield: 3.5%

* Inflation: 5%