Lumicre's Anti-Woke Integration Framework

Maximizing fiduciary returns by avoiding non-pecuniary social agendas

Acquisition Funnel: Proprietary Off-Market Opportunities

CXRE, LLC (Texas)

Off-Market Reach

• 153,212 website visitors
• 2,439 inbound off-market seller calls
• CMBS debt analysis
• High-quality market research

Filter

• Strategic Alignment: Scorecard evaluation
• Debt Structure: Underwriting and debt sourcing
• Investment Committee: Challenge assumptions
• Validate Defense-First Strategy

Negotiate

• Letter of Intent: Intentional
• Purchase and Sale Agreement

Confirm

• Due Diligence
• Secure Debt
• Value Add Validation
• Stress Test
• Lease Analysis and Strategy Formation

Close

• Design and Plant Upgrades
• Tenant-Centric
• Financial Controls (Cost and Profit Management)

Target

• Reliable Quarterly Distributions
• Quality Tenants and Leases
• Transparent Reporting

Affiliate Fee Disclosures

MANAGING MEMBER INTENDS TO UTILIZE AFFILIATED ENTITIES, INCLUDING Lumicre LLC (TREC BROKERAGE LICENSE: 9007756), FOR BROKERAGE, DEVELOPMENT, LEASING, MANAGEMENT, ACCOUNTING, ADVISORY, DISPOSITION, MAINTENANCE, STAFFING, AND SHARED SERVICES. THESE FEES ARE NOT INCLUDED IN FUND MANAGEMENT FEES OR FUND MANAGEMENT INCENTIVES (PREVIOUSLY LISTED).

Anticipated property-level fees are as follows:

• Property-Level Accounting & Management Fees: 3.7% of gross revenues per building + expense reimbursement
• Construction, Development, Redevelopment, and Project Management Fees: 5% of total construction costs + expense reimbursement
• All other property-level and fund-level services & expenses provided by affiliates are to be reimbursed to the affiliate.

Anticipated brokerage fees, which do not include fees paid to counterparty brokers, are as follows:

• Acquisition Brokerage Fees (on gross): 3% as buyer's broker unless otherwise paid by seller or seller's broker
• Disposition Brokerage Fees (on gross): 3% as seller's broker
• Leasing and Renewal Fees (on gross): 4% (if tenant representation), or 6% as landlord's broker with no tenant representation

If Lumicre, LLC is paid a Buyer's Broker commission by Seller, Lumicre, LLC will convert 100% of the net of that commission received into limited equity investment crediting a Lumicre, LLC affiliate.

Disclaimers

This material contains forward-looking statements relating to the business and financial outlook of investment programs sponsored by Lumicre, LLC that are based on current expectations, estimates, forecasts, and projections and are not guarantees of future performance. Forward-looking statements can generally be identified by the use of forward-looking terminology, such as "may," "anticipate," "expect," "intend," "plan," "believe," "seek," "estimate," "would," "could," "should," and variations of these words and similar expressions.

Actual results may differ materially from those expressed in these forward-looking statements, and you should not place undue reliance on any such information. Several important factors could cause actual results to differ materially from the forward-looking statements contained in this material. Such factors include those described in the Risk Factors section of the applicable offering document.

Forward-looking statements in this material speak only as of the date on which such statements were made, and we undertake no obligation to update any such information that may become untrue because of subsequent events.

Affiliate of Managing Member may be utilized, reimbursed, and paid fees by the investment sponsor for third-party services such as, but not limited to, property management, leasing, marketing, brokerage, advisory, debt placement, construction management, engineering, software services, financial services, and acquisition or disposition fees. Please see the affiliated fee disclosure.

From time to time, the Managing Member or its Affiliates may be offered the option to participate in co-investment opportunities. Should a co-investment opportunity arise, the Managing Member will first provide such opportunity to the Limited Members to participate pro rata in proportion to their commitments. If the Limited Members elect not to participate on a pro-rata basis, then the Managing Member, in its sole discretion, will allocate the co-investment among the other Partners (and their designated Affiliates) electing to participate based upon such members' capital commitments to the LLC, date of becoming a Limited Member and other factors that the Managing Member deems appropriate; and should any co-investment capacity remain available, the Managing Member may offer such opportunity to any other qualified Person.

Accredited Investors Only

THE PURCHASE OF THE SECURITIES INVOLVES A HIGH DEGREE OF RISK AND SHOULD BE CONSIDERED ONLY BY PERSONS WHO CAN BEAR THE RISK OF THE LOSS OF THEIR ENTIRE INVESTMENT. THIS DOCUMENT IS ONLY FOR ACCREDITED INVESTORS AND SHOULD NOT BE SHARED WITH ANYONE. THIS DOCUMENT IS PROPRIETARY AND CONFIDENTIAL.

The reader of this document understands that Lumicre, LLC is offering an investment opportunity only to accredited investors in a private placement under Regulation D. This offering is made pursuant to the Offering Memorandum. The purchaser further understands that the offering is being made without registration of the securities under the Securities Act of 1933 or any securities law of any state of the United States or any other jurisdiction.

The offering is only made to "accredited investors" (as defined in Rule 501 of Regulation D under the Securities Act). An "accredited investor" is:

• a bank, insurance company, registered investment company, business development company, or small business investment company;
• an employee benefit plan (within the meaning of the Employee Retirement Income Security Act) if a bank, insurance company, or registered investment adviser makes the investment decisions or if the plan has total assets in excess of $5 million;
• a tax-exempt charitable organization, corporation, or partnership with assets in excess of $5 million;
• a director, executive officer, or general partner of the company selling the securities;
• an enterprise in which all the equity owners are accredited investors;
• an individual with a net worth of at least $1 million, not including the value of his or her primary residence;
• an individual with income exceeding $200,000 in each of the two most recent calendar years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or
• a trust with assets of at least $5 million, not formed only to acquire the securities offered, and whose purchases are directed by a person who meets the legal standard of having sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of the prospective investment.

Purchasers receive "restricted securities" in a Rule 506 offering. Therefore, they may not freely trade the securities after the offering.

We recommend contacting your attorney, CPA, and financial investment advisor if you have any questions regarding this document.