Q1 2021 Fund Update

As market uncertainty spreads as a result of CoVID-19, traditional assets have experienced unprecedented volatility. Despite this volatility, the Fund has not experienced any negative impact from the Coronavirus pandemic.

Our tenants are currently near capacity across all Detox Centres, and there has been an uptick in demand for services since the pandemic began.

As ‘Essential Businesses’, all our tenants will remain in operation during the lockdown. As licensed healthcare facilities, our tenants can avail of federal funding, supplies, and additional staffing support.

• Over Q1 2021 SP01 realized 100% rent collections from all properties.
• The current valuation of SP01 as of March 31st 2021 is $8,098,921.71. The Net Asset Value (“NAV”) as of March 31st 2021 is 10.76 (ex-dividend), representing a 2.0% return for the quarter.
• The Fund continues to perform in line with expectations generating a 6-8% cash-on-cash yield with a projected 10-12% IRR at the liquidation of the assets.

Acquired Properties

Pipeline

The Real Estate Partner and Investment Manager continue to identify additional properties that meet the investment criteria. The fund has approximately $10 million (2 locations) fully stabilized and ready for acquisition, as well as an additional $70 million identified as potential acquisitions (capital dependent).