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BENA Capital Mosaic Fund

A debt-free real estate fund that will generate stable rental income streams from core-plus and value-add assets in strong and growing markets throughout the United States.

BENA CAPITAL

BENA Capital, LLC (“BENA Capital”), is a diversified real estate investment company headquartered in San Ramon, California that acquires and manages properties primarily in the multifamily sector. Since the company’s formation, BENA Capital has employed a strategic debt-free investment approach and believes value is created by improving assets and growing profits, not financial engineering. As a result, investments are made with 100% cash and do not utilize any interest-bearing debt.

The Mosaic Fund

The Mosaic Fund has been formed for the purpose of investing in core-plus and value‐added real estate properties, located throughout the United States. The Fund expects to invest in assets that generate cash flows, where value-add opportunities play a role, and where the Fund’s ability to underwrite opportunities and close swiftly will produce pricing advantages.

OFFERING SUMMARY

Targeted Investor Returns: 6.4 – 7.1% (net)

  • Investment of $100k and higher: 7.1%

    • Cash Flow: 5.3% annual distribution

    • Appreciation: 1.8% annualized

  • Investment under $100k: 6.4%

    • Cash Flow: 4.9% annual distribution

    • Appreciation: 1.5% annualized

Targeted Investment Period: 4 years

Minimum Investment: $50,000

Investment Profile: Core-plus & Value-add Real Estate

Fund Status: Active

Fund-Level Fees: None

investment strategy

The Mosaic Fund utilizes a well-defined strategic framework for pursuing investments:

Key Investment Factors

BENA Capital has a track‐record of capturing premium returns by acquiring, repositioning, and renovating distressed or poorly managed assets. The Fund’s key investment factors will center around (1) macroeconomic fundamentals, (2) submarket dynamics, (3) capital market conditions and (4) property‐specific characteristics.

Value-Creation Components

The Fund intends to utilize tactical active value creation components to generate investment returns, including: (1) low‐basis acquisition prices, (2) physical asset enhancements, (3) operating expense control, (4) revenue enhancements and (5) the capital flow cycle.

Operating Strategy

The Fund’s asset management strategy intends to enhance property‐level net operating income, which drives investor returns, by focusing on occupancy and rental rate growth.

Capital Strategy

Cash flow returns for investors are BENA Capital’s primary driver, and the Fund intends to adhere to that model. The Fund’s conservative capital strategy has three primary components: (1) no interest-bearing debt, (2) efficient use of capital, and (3) sell discipline.

Diversification

Diversification is an essential portfolio risk reduction tool. BENA Capital can efficiently toggle across property sectors and between core-plus and value‐added strategies to reduce portfolio risk without sacrificing return.

Investor Benefits

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DISCLAIMERS & Footnotes

Investing in commercial real estate entails risk. Please review the Mosaic Fund Disclosure Memorandum for a full set of risk factors.

Targeted returns are subject to change.

The Manager is offering this investment pursuant to Rule 506(c) of Regulation D under the Securities Act.