North State Capital Partners, LLC -- Joint Ventures & Co-Investments

Partnering For Success

Joint Ventures & Co-Investments

A core focus of our investment strategy is to invest

capital

real estate assets

through joint ventures and co-

investment opportunities

with

other

successful

real estate

operators

, investors,

and

developers.

We provide

capital for acquisitions,

recapitalizations, and development and re

development

opportunities.

We also

provide real estate operators

and developers with a portion of the co-investment capital required (sponsor

equity) to joint venture with

institutional investors and can also assist with arranging institutional joint venture

equity partners for larger

deals.

e believe real estate is a local business that requires a "boots on the ground" strategy to

uncover the truly

attractive investment opportunities.

There are many small and mid-size real estate operators and developers

with strong reputations and successful track records that lack efficient access to equity capital for their

projects.

Generally, all but the largest real estate operators

and

developers

in a

particular market are

overlooked by

most institutional investors

, making

it difficult for small and mid-size operators and developers

to attract capital for their

projects.

e seek to fill th

void

providing these local operating partners w

ith

efficient access to

equity

capital

for opportunities that we believe have favorable prospects for attractive

risk-adjusted investment returns.

any of these

small and mid-size

operators

and developers

provide a great

source of

unique,

proprietary

deal flow

and

bring a wealth of

local market

expertise

. Our goal is to become a

preferred

capital partner for these operators

' best opportunities

by providing a reliable source of capital and a

quick decision making

process.

We focus our investment activities in the Southeastern U.S., with a particular emphasis on the Carolinas.

However, we may consider other markets for opportunities to joint venture with operating partners with a

strong track record and attractive investment opportunities. Our targeted deal size is in the $2 to $15 million

range, but given our extensive relationships with institutional investors and other real estate investment firms,

we have the capabilities to pursue larger transactions.

We are

professional opportunists and as long

truly understand the risks and the economics of a

deal,

we have

an open mind and will invest in any

opportunity that we believe is attractive enough to overcome

our

resistance

to take risk.

If you have an opportunity you think we may be interested in, please

with the

details.