MADISON REALTY SENIOR CARE ALTA RIDGE DST

1360 East 9400 South Sandy | 1375 East 9400 South Sandy | 1009 East Murray Holladay Road Salt Lake City, UT

TOTAL OFFERING PRICE: $14,600,000

Offering Size $8,500,000

Investors have an opportunity to invest in three stabilized senior care properties with a return objective of both fixed income and value-add.1 The value-add component includes enhancements to the levels of care and ancillary services to capitalize on the fastest growing senior population—those living with Alzheimer’s disease and other forms of Dementia.

980-1100 Ken Pratt Blvd, Longmont, CO

Madison Realty Companies is a full service real estate investment management company that currently operates 22 senior housing properties, two of which are in Utah.

INVESTMENT HIGHLIGHTS

Ownership Entity: Madison Realty Senior Care Alta Ridge DST (the “Parent Trust” or “DST”)
Managing Broker-Dealer: Orchard Securities, LLC
Offering Structure: DST (for 1031 exchanges)
Offering Size: $8,500,000
Anticipated Percentage of Equity Invested into the Real Estate: 87.4%
Minimum 1031 Investment: 1.1764706% ($100,000 equity and $71,764 of estimated attributable debt)
Minimum Cash Investment: $50,000
Who May Invest: Accredited Investors as set forth in the Memorandum
Real Estate Purchase Price: $12,210,000 (Appraised: $12,200,000 as of November 21, 2016)
Combined Price Per Licensed Bed: $116,285 (before offering costs and reserves)
Loaded Purchase Price (Including $869,512 of Reserves): $14,600,000
Nonrecourse Loans: $6,100,000 (7-years; 25-year amortization; no interest-only period)
Loans to Loaded Purchase Price: 41.8%
Debt Service Coverage Ratio (Year 1): 2.68
Target Master Lease Distribution: 6.27% to 7.02% (Increases every two years during lease term)
Target Yield Amount with Loan Amortization: 7.81% to 9.06%
Estimated Hold Period: 4 to 7 years
Investment Objectives: Preservation of Capital, Income, Loan Paydown, Value-Add

INVESTMENT OBJECTIVES

Stability of Principal
Increasing cash flow
Growth Potential

LOAN AMORTIZATION AND PROJECTED RETURNS**

**Loan Amortization and Projected Returns Disclosure: Refer to section, “Acquisition and Financing,” subsection, “Loan Amortization and Projected Returns,” and section, “Plan of Distribution,” pages 76-81 of the Memorandum. The projected returns are based upon the Sponsor’s assumptions and estimates concerning future events and circumstances which may or may not occur. These projections are inherently subject to varying degrees of uncertainty, and achievability depends on the timing and probability of complex series of future events, both internal and external, to the enterprise. Therefore, the actual results achieved during the forecast period will vary from the projections and the variations may be material. No representations or warranties of any kind are made, intended, or should be inferred as to any of the projections herein. Accordingly, the projections may not and should not be relied upon to indicate actual results which may be obtained. Percentages in the chart above are rounded to the nearest 100th of a percent

PROPERTY HIGHLIGHTS

ASSISTED LIVING SANDY (The “Sandy AL Property”)

1360 East 9400 South Sandy, UT 84093

Licensed Beds: 46
Constructed: 1999
Economic Occupancy: 96%
Location: Salt Lake City MSA

MEMORY CARE SANDY (The “Sandy MC Property”)

1375 East 9400 South Sandy, UT 84093

Licensed Beds: 31
Constructed: 2001
Economic Occupancy: 100%
Location: Salt Lake City MSA

ASSISTED LIVING HOLLADAY (The “Holladay Property”)

1009 East Murray Holladay Road Salt Lake City, UT 84117

Licensed Beds: 28
Constructed: 1986
Economic Occupancy: 80%
Location: Salt Lake City MSA

ABOUT MADISON REALTY

Madison Realty Companies is a full service real estate investment management company that currently operates 22 senior housing properties, two of which
are in Utah. Collectively, its management team has over 150 years of real estate experience. For over 25 years, Madison and its affiliates have purchased,
managed, and disposed of over $1 billion in commercial real estate including: assisted living, senior apartments, and skilled nursing. All in all, the Sponsor’s
primary focus is acquiring cash flowing assets with value-add upside for clients.