Type: Equity, Direct

Kimmerly Glen Recapitalization

Investment Summary

- $3,00,000 Limited Partnership Preferred Equity sought – available at $50,000 Minimum.
- Established asset with proven performance: Operated by Ginkgo Residential for 10+ years, with occupancy consistently above 90%.
- Attractive income structure with upside: 6% current preferred return + 3% accrual (with bonus tiered accruals for larger investors) + 10% profit participation at exit.
- Market-backed and protected: Located in the fast-growing Charlotte, NC metro (adding ~168 residents/day) with a preferred equity structure offering a ~1.3× minimum return at the three-year call.

To participate in Kimmerly Glen Recapitalization, Investors are required to submit their investment request, complete required documentation and fund by 5pm on Friday, December 5, 2025.

As a reminder, allocation is available on a first come, first fund basis. We reserve the right to reject your investment request if documents are not completed properly or funds are not received on time.

For any questions regarding this investment, please schedule a time to speak with our Investor Relations team or email investors@ginkgomail.com.

Stay tuned for an announcement for our upcoming webinar.

Overview

Ginkgo Residential LLC (“Ginkgo”) is pleased to present the Kimmerly Glen Recapitalization, an opportunity to invest alongside Ginkgo in a proven, income-generating multifamily community located in East Charlotte, NC.

Ginkgo has owned and managed Kimmerly Glen since 2014, completing major capital projects including a new roof (2024), pool renovation, and interior upgrades in 231 units.

Ginkgo is offering select investors the opportunity to invest in a preferred equity position—providing downside protection with participation in future appreciation. The recapitalization allows Ginkgo to refinance senior debt, complete the remaining renovation program. The total preferred equity position at $8 MM represents a 72% loan-to-cost (LTC) and $138,030 per door on a last dollar basis for the investor. Initial allocation for this offering is $3 million, with the remaining $5 million of preferred equity may be placed through alternative sales channels.

While Ginkgo REIT investors already benefit from exposure to this asset, this recapitalization represents a strategic rebalancing following the successful execution of the original business plan and the orderly exit of an institutional partner whose fund has reached maturity. This opportunity allows new investors to step into a stabilized, cash-flowing asset alongside Ginkgo under attractive terms.

Investment Highlights

Proven Track Record: Owned and operated by Ginkgo for 10+ years with consistent occupancy > 90%.

Attractive Income + Upside: 6% current pay + 3% accrual + 10% profit participation.

Tiered Yield Enhancement: Investors allocating > $250K, $500K, and $1M receive +1%, +2%, and +3% accrual respectively.

Downside Protection: Preferred equity sits senior to common equity, requiring a 1.3× minimum return at call within a three-year period.

Strong Market Tailwinds: Charlotte MSA adds ~168 residents per day; Eastland Yard redevelopment driving demand.

Aligned Sponsor Commitment: Ginkgo is co-invested and has operated > 7,500 units across the Carolinas.

Term Details

Term	Details
Offering Size	$8,000,000
Tranche 1 Raise	$3,000,000
Minimum Investment	$50,000
Current Pay	6% paid monthly
Accrual	3% compounded annually (+1–3% tier bonuses for larger allocations)
Profit Participation	10% of net appreciation at exit
Hold Period	3–5 Years (Callable after Year 3 with 1.3× minimum return. Not longer than senior debt maturity)
Distributions	Monthly on/around the 21st
Use of Proceeds	Refinance senior debt and fund final interior/exterior upgrades

Projections are hypothetical and do not guarantee future performance. Actual results may differ materially due to factors such as market conditions, interest rate changes, and property-level performance. Investors should not rely solely on projected returns when making investment decisions.

Projected Returns

Metric	Target
Total Preferred Yield	9% (6% current + 3% accrual)
Target Equity Multiple	1.30× (minimum call protection)
Illustrative 5-Year IRR	~11–13%
Profit Participation	10% of Net Appreciation

Example Exit Scenario

Metric	Target
Sale:	$58.2 MM (5.5% cap rate or $224,000 per door)
Net Cost after Working Capital:	($1,000,000)
Senior Debt	($28 MM)
Preferred Principal:	($8 MM) – Tranche 1 $3 MM
Preferred Accrued:	($2 MM)
Gross Profit:	$19.2 MM
Common Equity:	$13.9 MM
Net Profit:	$5.3 MM

10% profit share = $530K distributed to preferred holders.

Property Overview

Total Units: 260

Average Unit Size: 751 SF

Occupancy (7/30/2025): 91.1%

Average Rent: $1,254 ($1.69 per square foot)

Nearby: 2.5 mi to Eastland Redevelopment | 4.8 mi to Plaza Midwood | 8 mi to Uptown Charlotte (15 min drive)

Capital Improvement Plan

Interior Upgrades

Convert remaining 50 classic units to premium finish
Install in-unit washer/dryers in final 50 apartments
Add vinyl flooring, stainless steel appliances, quartz countertops, and modern lighting

Exterior Enhancements

New landscaping, exterior paint, and breezeway stone accents
Pool deck resurfacing and new furniture
Tennis court resurfacing and playground refresh

Total Planned CapEx: approximately $2.25 MM

Market Overview

Charlotte is one of the fastest-growing metros in the U.S., adding over 160 residents daily and serving as the 2nd largest banking hub nationwide.

East Charlotte’s transformation—anchored by the $200 MM Eastland Yard Redevelopment—is driving new employment, housing, and infrastructure growth. Kimmerly Glen’s location positions it to benefit directly from this revitalization.

Regional Drivers

2.7 MM population (+1.2% CAGR)
3.4% unemployment
Major employers: Bank of America, Truist, Wells Fargo, Honeywell, Duke Energy
Cost of living ~10–15% below national average

Sponsor Overview

Ginkgo Residential is a vertically integrated real estate investment and property management firm headquartered in Charlotte, NC.

With a portfolio of 8,000+ multifamily units valued at $1.3B, Ginkgo specializes in workforce housing with a focus on operational efficiency and long-term capital appreciation.

Ginkgo’s fully integrated structure provides:

In-house property management and construction oversight
Deep submarket experience across the Carolinas
Proven track record of successful acquisitions and value creation

Fees

Asset Management	A
Property Management	B
Construction Management	C
Acquisition Fee	D
Financing Fee	E

Documents

Investor Packet will be available soon.

Comparable Property Rent

Comparable Property Sales

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