OUR RECORD

Experience you
can inspect.

Closed investments, property-specific responsibilities, and documented operating results. Start with the facts behind the platform.

$68MEstimated current asset value

370Multifamily units

4Closed properties

3States represented

Closed assets with GP or co-GP involvement. Asset value is an estimate of full property values. How we define these figures

CLOSED MULTIFAMILY INVESTMENTS

One portfolio.
Distinct sponsor roles.

Acquisition cost, current value, and operating results measure different things. Each deserves its own context.

Closed multifamily portfolio and historical acquisition prices
Property	Units	Purchase price	Our involvement	Sponsor partner
135 IndianaLubbock, TX	204	$29M	General partner · Acquisition & underwriting lead · Asset management · Capital formation & investor relations	Penn Capital
Red Sea GroveTempe, AZ	39	$6.15M	General partner · Asset management & operations · Capital formation · Fund management	Red Sea Capital Group
Bristol ParkFayetteville, NC	112	$18.4M	Co-general partner · Limited partner · Capital formation · Investor relations	RSN Property Group · Lead sponsor
561 S SecondStephenville, TX	15	$1.6M	General partner · Key principal · Asset management · Investor relations	GP / key principal participation
Total	370	$55.15M	Historical acquisition cost across four closed properties.

Acquisition facts and roles: July 10, 2026 sponsor overview. The $68M figure is the owner-confirmed estimated current value of closed assets as of October 12, 2026, measured at full property value. It is separate from acquisition cost, ownership share, investor equity, and realized proceeds. Read the definitions.

OPERATING EVIDENCE / 135 INDIANA

See the work
behind the numbers.

Q2 / June 2026 reporting

A dated snapshot from one investment. The operating results, the distribution update, and an issue the team was addressing.

98.03%Reported occupancyJune 2026

$466,987Property net operating incomeQ2 2026

Distributions madeTo Class B membersQ2 2026 · Per the investor report

COST SEGREGATION133%Paper tax losses
relative to invested capital

A separate dimension of the investment.

135 Indiana investors who participated in the cost segregation allocation received paper tax losses equal to 133% of their invested capital.

This is a tax-loss allocation, not a cash distribution or investment return. Deductibility and timing depend on each investor’s circumstances and applicable limitations.

Discuss the cost segregation allocation Sponsor-reported allocation. Review the investment-specific tax documents with your tax adviser.

THE OPERATING RESPONSE

Property taxes came in above the estimate.

The report identified a $415,000 property-tax estimate against $385,000 projected. A firm was engaged to appeal the taxes. Investor reporting should make that variance and the response visible.

OUR INVOLVEMENT

GP, underwriting, and asset management.

Evervine participated in acquisition and underwriting leadership, asset management, capital formation, and investor relations alongside Penn Capital.

How to read this example

Occupancy is a reported June measure. NOI is the property’s reported net operating income for Q2, not a distribution or a return to investors. The distribution statement confirms payment to Class B members; it does not establish a return rate or a full-cycle result. This is one property and one reporting period, not a portfolio-wide performance representation.

Operating data source: 135 Indiana, July / Q2 2026 investor report; reporting period June 2026. Sponsor-reported historical data, not independently audited here. Results are property-specific and do not guarantee future performance.

Discuss the operating record

GO DEEPER IN YOUR DILIGENCE

Ask for the materials.
Then ask your questions.

Discuss current investment-level reporting, the business plan, responsibilities, and material changes with investor relations. These public summaries are a starting point for the conversation.

Request current reporting

YOUR NEXT STEP

Understand the investment.
Meet the people behind it.

Discuss our portfolio, sponsor responsibilities, and the materials relevant to your investment objectives with John Cardis and our investor relations team.

Meet with investor relationsSpeak with investor relations · No investment commitment

Experience youcan inspect.

One portfolio.Distinct sponsor roles.

See the workbehind the numbers.