1. Reznick Group Building Business Value 0 Property Owner Tenants Rent SINGLE ENTITY STRUCTURE

2. Reznick Group Building Business Value 1 Property Owner Tenants Rent LenderLoan SINGLE ENTITY STRUCTURE

3. Reznick Group Building Business Value 2 Property Owner Tenants Rent LenderLoan Developer Fee SINGLE ENTITY STRUCTURE

4. Reznick Group Building Business Value 3 Property Owner Tenants Rent Lender Managing Member Loan Developer Fee SINGLE ENTITY STRUCTURE

5. Reznick Group Building Business Value 4 Property Owner Tenants Rent Lender Managing Member Tax Credit Investor/Non Managing Member Loan Tax Credit Equity Tax Credits Developer Fee SINGLE ENTITY STRUCTURE

6. Reznick Group Building Business Value 5 Property Owner Lender Loan Developer Fee MASTER LEASE STRUCTURE

7. Reznick Group Building Business Value 6 Property Owner Lender Managing Member Loan Developer Fee MASTER LEASE STRUCTURE

8. Reznick Group Building Business Value 7 Property Owner Rent Lender Managing Member Loan Developer Fee Master Tenant MASTER LEASE STRUCTURE

9. Reznick Group Building Business Value 8 Property Owner Tenants Rent Lender Managing Member Loan Developer Fee Rent Master Tenant MASTER LEASE STRUCTURE

10. Reznick Group Building Business Value 9 Property Owner Tenants Rent Lender Managing Member Loan Developer Fee Rent Master Tenant Managing Member MASTER LEASE STRUCTURE

11. Reznick Group Building Business Value 10 Property Owner Tenants Rent Lender Managing Member Tax Credit Investor/Non Managing Member Loan Tax Credit Equity Tax Credits Developer Fee Rent Master Tenant Managing Member MASTER LEASE STRUCTURE