Brownfields Capital Investment Objectives

1. Brownfields CapitalInvestment Objectives

2. Brownfields Capital LLC, is an investment advisor that underwrites and services the proprietary Brownfileds Value Contract (BVC). Brownfields Capital holds an exclusive license to the BVC patent. The principal investment objective is to generate good to excellent, stable returns but at demonstrably lower levels of real estate, development, and environmental risk to minimize the risk of capital loss to investors. The Fund will accomplish this by bringing the right type and structure of capital to the brownfields industry by shielding investors from exposure to environmental remediation liability and efficiently distributing risks to various parties. The Fund is projected to have a lower-risk nature than any previous funds focused on investing in brownfields thereby make larger, long-term projects feasible that may not have been viable with short term, more expensive capital that has been available to date. The Fund will invest exclusively in BVCs, financial instruments (as defined by the Financial Accounting Standards Board) which finances a pre-qualified ownership entity. The BVC finances up to 100% of project costs if the ownership entity is structured according to the patented process. The BVC specifies how the cash generated from the remediation and redevelopment of the property, which is owned by the ownership entity, will be allocated to the BVC and to the ownership entity.

3. The investment strategy for various Brownfields Capital funds is to offer an alternative to traditional investment funds that acquire, build-to-suit, or develop office, industrial, and retail properties. On a single property investment basis, the Fund will invest in financing properties with $25 million or more in total project costs. The Investment Manager can create competitive advantages because the Fund provides efficient financing that can eliminate up-front fees and time delays, lower project costs, and reduce financing costs. Fund investments are advantaged in several ways including, but not limited to projects with exceptional locations and little or no initial land cost. In addition, the risk of repayment is dramatically reduced by removing contingencies prior to financing, aligning the interests of all parties to the transactions, and through the physical management and custody of all cash flows to and from the project. Brownfields Capital is owned and managed by seasoned real estate investment management and investment banking professionals with combined 150 years of experience in real estate, banking, capital markets, public accounting, entrepreneurial ventures, and new financial products and markets. Management has been involved in raising and investing over $2 billion in institutional capital in the past six years. Management has a strong track record for recognizing investment strategies that are unique, innovative and in undervalued market niches.

4. Annualized, compounded, unleveraged internal rates of return are targeted at low to mid teens. Cautious use of leverage at the Fund level, limited to 50% of total value of Partnership investments, may be implemented to increase yields to over 20%-25%. A maximum of 40% of Partnership commitments will be invested in any one property, and 75% in any one-property category other than mixed use. No more than 65% of Partnership commitments will be invested in any one market. Environmental Risk and qualifications of the ownership entity will be underwritten first and all risk management tools employed appropriately (insurance, fixed price remediation contracts with damage clauses, performance based contracts, etc.). Terms of the Brownfields Value Contracts will typically range from 4 to 6 years, with a 10-year maximum. Financing development of projects will be considered where the amount of speculative risk is minimized through the terms of the formation of the ownership entity. No "special use" properties with restricted use profiles will be considered unless they are pre-leased or pre-sold.

5. Projects will be targeted in metropolitan areas demonstrating strong demand for urban, in-fill projects; demographic growth patterns that support the sub-market within a significant MSA combined with physical, political, or environmental growth restraints. Investments will be made in properties with pre-qualified ownership entities. These ownership entities can include 100% ownership by a developer, the existing site owner or a joint venture of either or both of these parties with other third parties provided it meets the criteria established by the investment manager for expertise and financial capability. The financial instrument allows the existing owner to transfer the property and the associated remediation liability off-balance sheet. This will allow access to sites that have previously been unavailable. Investments include urban redevelopment neighborhoods and property segments that offer strategic locations. The Partnership will invest Partnership capital over a 12 to 24 month period of time on a targeted portfolio as well as on an individual opportunity basis in a range of property types and geographic locations. Selected properties from the portfolios of targeted corporate owners will be developed with qualified national development teams.

6. The Investment Manager anticipates that it will encourage the formation of qualified ownership entities consisting of owners of properties with investment potential with the best-qualified development and environmental contractor partners. It is anticipated that once qualified teams establish good working relationships, they will continue to work together and continue to bring repeated business to the Investment Manager. For the investor this offers opportunities that are unavailable to competing investors. • Providing capital in a form that enables the best-qualified real estate development, insurance, remediation and other disciplines to provide their specific services to the process will create value in projects. • All investments will be made in assets that finance projects located in the United States of America. This website does not constitute an offer to sell or buy any securities and may not be used or relied upon in connection with any offer or sale of securities. It does not constitute a solicitation of clients and may not be used or relied upon in connection with any solicitation of clients. An offer or solicitation will be made only through a final private placement memorandum and subscription agreement or other similar documents, and will be subject to the terms and conditions contained in such documents.