Washington Multifamily Equity Partners, LLC (WMEP) has been formed by Somerset Community Partners, LLC, to partner with other equity investors to acquire, renovate, and operate Class B and C "value add" multifamily properties, including Low Income Housing Tax Credit properties nearing the end of their initial tax credit compliance periods, in the greater Washington, DC and Baltimore metropolitan areas.

Somerset Community Partners, LLC (SCP) is the founder and manager of WMEP. SCP is a partnership between Somerset Development Company, LLC and New Community Partners, LLC, the principals of which have over 85 years of diverse experience in real estate planning, acquisition, transit-oriented and environmentally responsible development, finance and management, using a wide variety of public and private sources of funding.

WMEP has three primary objectives:

• Market rate investor returns in the form of annual cash distributions from net cash flow from the properties acquired and participations in sales and in financings of the properties over three to ten year holding periods;
• Environmental returns in the form of cost-effective energy efficiency and sustainable technology investments and practices; and
• Social returns in the form of the preservation of high quality workforce and affordable housing with property-based resident services and amenities.

*This presentation neither constitutes an offer to sell nor a solicitation to invest in Washington Multifamily Equity Partners, LLC (the “Company”) or its affiliates. Offers to sell or solicitations to invest in the Company are made only by means of a confidential offering memorandum, a copy of which may be obtained only from Somerset Community Partners, LLC, and in accordance with applicable securities laws.