Private Placement Memorandum3726 Connecticut Avenue NW

Sedgwick Gardens• Located in Cleveland Park submarket of Washington, D.C.• Multifamily property consisting of 118 Units• Built in 1932• 5 stories• 137,808 SF• Construction Material: Masonry• Elegant Lobby with 24-Hour Concierge Desk; Managed

By Daro Realty• Amenities: Card Key Access, Dishwasher, Gated,

Hardwood Floors, Laundry Facilities, On-Site Property Manager, Storage Units

• 30 Surface Parking Spaces; 15 Garage Spaces

3726 Connecticut Avenue NWValue-Add Opportunities:

• Rooftop Deck• Upgraded Key Card Access• Renovate Hallways• Add Washer/Dryer to units• Modernize Kitchens and

Bathrooms• Upgrade flooring

Problem Areas:

• No Rooftop Deck• No Washer/Dryer in Apartments• Outdated Hallways• Only minor cosmetic kitchen

upgrades• Bathrooms are severely outdated• Old hardwood tile flooring• No central air conditioning• Laundry facilities in basement• Only some units with dishwashers

3726 Connecticut Avenue NWOther Characteristics:

• 2013 Assessed Value: $21,700,400• Average Vacancy: 7.0% (according to

CoStar)# of Units Bed Bath Avg. Unit Size Rent/Month

27 0 1 335$1,500 - $1,600

76 1 1 644$1,700 - $2,300

14 2 2 957 $2,800

1 3 2 1466 $4,000