Institutional Pitchbook

Pintar Investment CompanyPICR Fund III

| Investing in Single Family Homes while Compounding Wealth |

http://www.pintarinvestmentcompany.com/page/897983/Home/index.php


Company Overview

2

History • Founded in 2008• Invested Over $1B in 5,000 homes on behalf

of institutional and private investors

Why Us? • We’ve consistently outperformed major market indices over the past six years

• Averaged 11% annual Cash on Cash returns since inception

• Averaged over 20% annual all in returns since inception

• Scale delivers operational efficiencies• Alignment of interest – All partners have

skin in the game

Partnerships • Institutional investors we have provided our vertically integrated services to include:• Colony American Homes• Progress Residential• KKR / Beazer Pre-Owned Homes• Numerous family offices

La MesaFlip Profit: $50,345

San DiegoFlip Profit: $50,548



Pintar Investment Co./Vertical RE Platform

Delivering consistent service across multiple markets through a vertically integrated services platform.

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Strategic real estate investment

advisory services

Property

Management/LeasingMortgage Lending Services

Analytical & Valuation

Services

Escrow/Title Services Construction Management &

Maintenance

Brokerage operations





The Search for Yield

4

“Those days” of believing 8% could be earned annually “aren’t here anymore,” said New York state Comptroller Thomas P. DiNapoli



Single Family Residential Market Drivers

• Employment increased on average by 241K per month which is 47K more per month than last year

• Population and household growth outpacing housing supply – No New Homes being built

• The Unemployment rate moved from where it was at the beginning of the year at 6.6% to 5.8%

• US GDP on track for 2 to 3% Growth

• Equity markets saw true earnings increase, not just multiple expansion

• Demand for housing continues to increase – record number of new households being formed; population growth at record highs and millennial’ s are just beginning to come into maturity

5Source: J.P. Morgan – 2015 Economic & Market Outlook; Jan 2015

The housing market has rebounded from the depths. Consumer sentiment and deleveraging has picked up the pace.



Real Estate Investments Driven by Fundamentals Not by Speculation

U.S Population Growth

3 million per year

Single Family Homes Built

500kPer year

Home PricesUP

U.S Economy and Home Buying

Improving

More people can afford to buy, but

they choose to

Rent

Rent RatesUP

Rental rates historically rise

+/-5% Per year

Vacancy rate for rental homes

Below 5% Nationally

Low Supply of

Homes

Lack of Quality Homes

Available

High Demand for Rent

Low Supply of Rental Homes

Higher Rent Rates



The Opportunities in Investing in SFHs

7

Increasing Home Prices Rising Rent Rates

PICR Fund IIIPICR Fund III provides investors an opportunity to own a portfolio of consistent, predictable cash flowing and

appreciating residential properties while maintaining the flexibility to redeem their capital, not otherwise available in real estate assets

More LiquidityCompounding Wealth

Increasing Home Demand High Rental Demand

Consistent Cash Stream

More Cash Flow

5% +



Allocate

How You Make Money by Investing in Single Family Homes

8

Investors

Invest

PICR

Invest

PICR Fund III

Residential Rental

PICR collects rents from tenants and distributes quarterly dividends to investors

PICR purchases, rehabs, and resells homes generating short-term cash return to investors

House Flipping

Dividend

Investors receive

+/- 11% Annual Cash on Cash Distribution

*Based on historical past performance

*



Time to Load Up Single Family Homes

Plenty of opportunities to buy Dollars for Seventy Cents.

9

“Single Family Homes – I would load up on them…it is a very attractive asset class now.”

- Warren Buffet

HOME PRICE APPRECIATIONAppreciation has been strong, yet prices

are still less than 75% of peak and

replacement cost.

HISTORICAL AFFORDABILITYMany tenants can afford to buy the home

they rent, but can’t get credit or choose to

rent and save their hard earned money.

HIGH BARRIER TO

ENTRYVery difficult to execute

investment strategy

without operational

infrastructure and local

market knowledge

PRICE < REPLACEMENT COSTCurrent market prices remains below

replacement costs

LACK OF NEW SUPPLYDespite significant household

formation and population growth,

new home build has been lagging

historic averages by 1mm homes/

year for the past 5 years



Widening Gap: Population Growth V.S. Housing Starts

On average, population growth has been 4.7x new single home construction over the past 6 years from 2008 – 2014.

10Source: Economic Data by The Federal Reserve Bank of Saint Louis

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U.S. Population Grows Faster than Housing Starts

Population Housing Starts - Single Family

Housing Starts - Multi-Family Total Housing Starts

New SFH Construction Population Growth Population Growth over

(units) (person) New SFH Construction

2008 622 thousand 2.8 million 4.5x







Total 3.799 Million 17.6 Million 4.6x

Year



Housing Shortage Supports HPA

Median Home Price Appreciation

(% change from one year ago)

11Source: Residential Economic Trends 2015 – National Association of Realtors

We predict home prices will continue to rise 3% - 7% per annum throughout the next decade.



SFR Rentals are 11.2% of the U.S Housing Stock

Since 2007, U.S. homeownership has been steadily declining. Each % point decline represents a change in the living situation of ~1.1 million people.

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Single-Family 14.9

Million35%

2 to 9 Units 7.7 Million30%

5 or More Units 17.9

Million30%

Mobile Homes 1.9

Million5%

What Type of Structure Do Renter Households Live in?

Source: JBREC (U.S. Housing Analysis & Forecast Report), Q3 2014.

Vacant: 13.9 Million

10%

Renter Occupied

42.5 Million32%

Owner Occupied

76.9 Million58%

U.S. Housing Stock Totals:~133M Units or $27.5 Trillion Market

Vacant Renter-Occupied Owner-Occupied



Not Enough Rental Homes to Keep Up with Growing Demand

Housing shortage is expected to continue due to lack of new home construction.

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Up to 5 million homeowners lost their homes to foreclosure since the real estate crash are now renters.

Landlords also are getting a boost from some of the 85 million millennials – 18 to 34 year-olds – who are starting out as renters rather than buyers.

Rents on all single-family homes and multifamily units are expected to climb 5% percent in 2015.

The U.S. rental-vacancy rate fell to 7.4% in Q3 2014, below 8%. The vacancy rate is below 5% in California, Nevada, and Arizona.

More and more people prefer the flexibility of renting and saving their hard earned dollars instead of creating liability of mortgage.

Source: Washington Post – December 19, 2014

Increasing demand in a supply constrained market provides excellent opportunity for outsized returns!



Surge in Renter Household Growth

Renter household growth has averaged 770k annually since 2004. This makes 2004-2015 the best 10 year period for renter growth since the late 1980s.

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“Rental Markets across the country are tightening, pushing up rents at the national level and across a majority of markets.”**

Source: JCHS tabulations of US Census Bureau, Decennial Censuses and Housing Vacancy Surveys** Quotes sourced from The State of the Nation’s Housing, Joint Center for Housing Studies, Havard University, June 26 2013



The Western Region has the largest Renter Base in U.S. and also the highest average HH Income

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2000 2014

Existing Home Sales 5.2M 5.1M

New Home Sales 880k 445k

Mortgage Rates 8.00% 3.85%

Avg. Mortgage Payment* $1,187/mo $1,217/mo

Sales Price $142k $207k

Population 282M 319M

* Based on 360 months loan term with 12% downpayment

1.2% property taxes, $800 home insurance

Source: Current Population Survey/Housing Vacancy Survey, Series H-111, US. Census Bureau, Washington, DC



California Has a Higher Percentage of Renters

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17%

21% 22% 22% 22%24%

26% 27% 27%29% 29% 29% 29% 30% 30% 30%

32%34%

38%

42%

29%

MN WI NY IL NJ IN MI PA MO OH TX MD TN GA NC VA WA FL AZ CA US

Single-Family Rental Rate 30-39 Age Cohort in Largest States

Source: US Census Bureau, Zelman & Associated Analysis



Western US is more stable and has a higher likelihood for rental growth

Renters of Single Family Homes in PIC’s portfolio spend just 22.6% of income on housing costs vs a national average of 34%. The average HH income is $73,000 with an average rent

of $1375/month.

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Rental Expenditure

23%

Income Net Rent77%

PICR's Tenants Contribution of Households Income to Renting

Rental Expenditure

34%

Income Net Rent66%

National Average Contribution of Households Income to Renting



Declining Homeownership RateImplies Rental Stability

In Q3 2014, renter household growth = 1,239,314 vs. Owner Household Growth = -683,239.

18Source: JLL Research, U.S. Census BureauZillow Analysis of U.S. Census, Bureau CPS Survey Data 1995-2014



Median Age of Homeowners Has Increased to 44

Aside from the increase in the median age of homeowners, the average gross household income of homeowners has increased to $85,500. This is above the income of most new

graduates - average income is $45,473.

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2010 Profile 2011 Profile 2012 Profile 2013 Profile 2014 Profile

Median Age 39 45 42 42 44

Gross HH

Income

$72,200 $80,900 $78,600 $83,300 $84,500

Household

Composition

58% married

couples,

20% single

females, 12%

single males,

8% unmarried

couples

64% married

couples,

18% single

females,

10% single

males,

7% unmarried

couples

65% married

couples,

16% single

females,

9% single

males,

8% unmarried

couples

66% married

couples,

16% single

females,

9% single

males,

7% unmarried

couples

65% married

couples, 16%

single females,

9% single

males, 8%

unmarried

couples

Children in

Home

35% 36% 41% 40% 35%

Own a 2nd

Home

14% 19% 19% 19% 21%

Source: 2014 Profile of Home Buyers and Sellers, National Association of RealtorsApril 2014 Salary Survey, National Association of Colleges and Employers



Despite Low Rates, It’s Difficult to Obtain a Mortgage

As the mortgage credit availability shrank after the housing crisis, loan originations dropped almost 50% as compared to 2004, yet still exceeding $1.1 trillion in 2014!

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Loan Origination(2000 - 2014)

Mortgage Originations - Purchase Mortgage Originations - Refinance

Loan Origination from Purchase as % of Total

Source: Mortgage Bankers Association; Powered by AllRegs Market ClarityEconomic Data by The Federal Reserve Bank of St. Louis



Down Payment: The Biggest Obstacle for Young Renters

63% of Millennials lack the required 20% down payment to qualify for a traditional mortgage.

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Estimated Upfront Cash

Needed to Purchase a Home

2014 Sta rte r Home Price :

$292,700**3.50% 5% 10% 20%

Down Payment 10,245$ 14,635$ 29,270$ 58,540$

Closing Costs**

Cash Reserve (0-6 months)

Estimated Minimum T ota l

Upfront Cash12,647$ 17,037$ 31,672$ 60,942$

**Source: National Association of Realtors

$2,402

$0-$4,458

Down Payment (% of Home Price )

“It takes an average of 12.5 years to save up a 20% down payment – the usual requirement by banks – with the current personal savings rate of 5.6%”, according to a new research by real-

estate firm RealtyTrac.

Source: National Housing Survey, Fannie Mae



Own a Piece of a Multi Million Dollar Portfolio

Investors share ownership in all of PIC’s single family homes across multiple geographic regions.

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Stratified by PSF of PropertiesPurple: <$50Blue: $50 - $105Light Blue: $105 - $150Green: $150 - $200Yellow: $200 - $250Orange: $250 - $300Red: $300 - $750

Southern California Homes

Las Vegas Homes



Diversify Your Real Estate Investment Portfolio

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Buying a single house Joining a pool to invest in a bulk of houses

VS

All your money is

locked in one property

Your risk is concentrated

all in one basket

You have ownership in one single house

All the troubles related to the

house is on your shoulders

You have ownership in ALL of PIC’s properties

You have ownership in all of PIC’s properties in Southern California, Nevada, Georgia

Plus: 11% Cash on Cash distribution AND your

Return on Equity increases as value of homes

appreciate

Plus: Your risk is diversified throughout a portfolio of homes – not concentrated

in one home

Plus: All the expenses and harassments dealing with

home repairs is on PIC – not your shoulders



Adding Value through Professional Renovation

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Front House Living Room

Kitchen Backyard



Newport Beach, California FlipBefore Photos

Front and Back of the House Inside House

Kitchen and Bathrooms

Front House Backyard

Kitchen Master Bathroom

Bathroom 1 Bathroom 2

Living Room Stairs

Dining Room Family Room

Master Bedroom Bed Room 2



Newport Beach, California Flip During Construction

Front and Back of the House Inside House

Patio from Outside Patio from Inside

Sideway 1 Sideway 2

Backyard Phase 1 Kitchen

Family Room

Living Room 1

Stairs and Family Room

Living Room 2

Backyard Phase 2

Dining Room



Newport Beach, California Flip After – Finished Product

Front and Back of the House

Inside HouseKitchen and Bathrooms

Front House Backyard

Kitchen Master Bathroom

Bathroom 1 Bathroom 2

Living Room Stairs

Dining RoomMaster Bedroom

Garage and Sideway

Platio Sideway



Overview of Key Offering Terms of Fund

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Fund Name: PICR Residential Fund III, LP

Manager: PIC Renegade Properties, LLC

Preferred Return: Investors earn an 6% preferred return on their invested balance. If

our quarterly cash distribution is less than 6%, the balance will

accrue to their capital balance and will be paid before any profit split

Minimum Investment: $500,000 or other amount at the discretion of the Manager

Redemption Rights: Annual Redemption Rights

Asset Management Fee: 0.5% per annum

Profit Splits: 70% to Investors and 30% to Manager after the 6% preferred return

Distributions: Quarterly

Target Leverage: Not to exceed 65% of value

Return of Equity: Debt Proceeds on stabilized assets will return equity increasing

investors ROE



Pintar Fund Structure

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Management Team

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Jeff Pintar – CEO and Founder at Pintar Investment Company

Prior to founding PIC, Jeff was the National Retail Partner and member of the Investment Committee at PanattoniDevelopment Company Inc. (PDC). During Jeff's tenure at PDC, the company developed and delivered over 40Msquare feet of new commercial projects valued in excess of $5B.

Jeff began his real estate career with CB Richard Ellis and became one of the nation's leading revenue producers for the firm receiving Circle of Excellence awards in 1996 - 2003. In 1999 Jeff moved to Australia where he sat on the Asia Pacific Senior Leadership Board which oversaw the regions 20 offices and Retail Business Line.

Jeff is active in YPO and serves as an Executive Member on the National Real Estate Network, ICSC and several charitable groups.

John Kralik – Partner and Co-founder at Pintar Investment Company

As founding partner, John is responsible for all operational aspects of the organization, acquisitions, disposition,and management of funds. John is an experienced leader in the real estate industry bringing with him over 10years of real estate experience.

Before joining Pintar Investment Company in 2009, John was president and owner of JT Investment Properties inLos Angeles, specializing in the acquisition and disposition of trustee sale single family residences throughSouthern California.

Prior to joining JT Investment Properties, John was a Vice President at DC Commercial in Century city for fiveyears, specializing in the acquisition and sale of retail and office properties in Los Angeles County. John earned aBachelor of Administration from Loyola Marymount University in Los Angeles.



Investing in Our Funds Has Risks –Please Review

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Your potential interest in this investment opportunity (your “Interest”)

is speculative and involves risk.

You should carefully read this memorandum and, if one has been provided, review the Proforma for the Interest (“Proforma”), including the assumptions thereto, before purchasing the Interest. The Proforma consists of “forward–looking” statements that are based on various assumptions regarding future operation and management of the Subject Project, such as renovations, marketing and certain budgeted expenditures. These forward-looking statements may not accurately predict future events or the actual performance of the Subject Project. It is possible that you could incur a complete loss of your investment and you should be able to financially bear such a loss. In addition, any projections and representations written or oral, which do not conform to those contained in the investment proposal must be disregarded.

You should consider carefully, among other risks, the following risks, and should consult with your own legal, tax, accounting and financial advisors before investing in the Interest. These risk factors, or other events, could cause actual results to differ materially from those discussed in this memorandum.

You should consult with an attorney and a tax advisor prior to purchasing the Interest in order to examine the full extent of any potential tax and legal consequences relating thereto. This memorandum is not intended to provide you with any individual legal or tax advice, nor is it intended to provide an all-inclusive discussion of the possible risks relative to your individual circumstances.



Risks of Investing in Real Estate

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General Risks of Investment in the Subject Project

Cash flow will be derived from the resale of properties and/or rental payments. Payments to you will be contingent on the Subject Project’s successful operation; therefore, the economic success of an investment in the Interest will depend directly upon the resale market and/or lease or leases.

A failure to sell a property and/or a vacancy by a tenant that is not replaced or is replaced at less attractive terms can adversely affect operating results or render the sale or refinancing of the Subject Project difficult or unattractive.

No assurance can be given as to the accuracy of certain assumptions related to the future sale and/or occupancy of the Subject Project by tenants or the ability of such tenants’ to pay rents or costs for the Subject Project, as these matters will depend on events and factors possibly beyond the control of the limited liability company members.

Such factors include continued validity and enforceability of the lease in the event a tenant defaults thereunder, the financial resources of the tenant, adverse change in local population trends, market conditions, neighborhood property values, local economic and social conditions, supply and demand for property similar to the Subject Project, competition from similar properties, environmental hazards and liabilities caused by third parties, interest rates and real estate tax rates and assessments, governmental rules, regulations and fiscal policies, zoning restrictions, the enactment of unfavorable environmental or hazardous material laws, labor and material costs, uninsured losses, effects or inflation and other risks.



Risks of Investing in a Private Offering

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Sale of Interests

You will be required to represent that you are acquiring the Interest for investment purposes and not with a view to distribution or resale (of your Interest), and that you can bear the economic risk of investment in the Subject Project for an indefinite period of time. This representation is required because the Interest has not been registered under any state “Blue Sky” or securities laws, and cannot be sold unless they are subsequently registered or an exemption from such registration is available. In addition, there is no guarantee that a market will exist for the Interest, and you cannot expect to be able to liquidate your investment in case of an emergency. Further, the sale of the Interest may have adverse federal income tax consequences to you.

Offering Not Registered With Securities and Exchange Commissioner or State Securities Commissions

The Interest will not be registered with the SEC or any state securities commission. The Interest is being offered in reliance upon an exemption from the registration provisions of the Act and state securities laws applicable only to offers and sales to prospective members meeting the suitability requirements set forth herein. Since this is a nonpublic offering and, as such, is not registered under federal or state securities laws, prospective members will not have the benefit of review or comment by the SEC or any state securities commission.

Private Offering Exemption – Compliance with Requirements

The Interest is being offered and will be sold to you in reliance upon a private offering exemption from registration provided in the Act and state securities laws. If PIC should fail to comply with the requirements of such exemption, you will have the right, if you so desire, to rescind your purchase of the Interest. It is possible that if your rescission succeeds, PIC may not have sufficient funds to pay for such rescission. Your right to rescission might also fall under applicable state securities or “Blue Sky” laws and regulations in states where the Interest will be offered without registration or qualifications pursuant to a private offering or other exemption.



Appendix



Pintar Investment CompanyLocal Stats Update

| Orange County, Los Angeles County, Riverside County, San Bernardino County, San Diego County, and Clark (Las Vegas) County|



Housing Shortage - Clark County, NV

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2014 2000

New & Existing Home Sales (SFH & Condos) 51,789 67,400

Mortgage Rates 3.85% 8%

Avg. Mortgage Payment* 1,221$ 1,171$

Sales Price 196,816$ 140,000$

Population 2,056,000 1,393,000

*Based on 360 months loan term with 12% down payment 1.2% property

taxes, and $800 home insurance

Source: U.S Census Bureau, Population & Building Permits by CountyU.S Department of Housing and Urban Development – Office of Policy Development and Research, Las Vegas, NV

YearNew SFH Construction

(units)

Population Growth

(person)

Population

Growth/New SFH

Construction

2008 5,840 40,000 6.8x

2009 3,777 24,000 6.4x

2010 4,623 50,000 10.8x

2011 3,817 14,000 3.7x

2012 6,108 31,000 5.1x

2013 7,067 30,000 4.2x

2014 6,623 28,000 4.2x

Total 37,855 217,000 5.7x



Unemployment Rate – Clark County

37

Jul 201014.5%

Dec 20146.9%

Dec 20145.4%

Jul 201010.6%

Source: U.S. Bureau of Labor Statistics: Unemployment Rate – Not Seasonal Adjusted, February 5 2015.



SFH Sales and Permits in Clark County, NV

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SFH Permitting Is Well Below Historical LevelMLS Home Sales(in thousands per quarter)

Source: Greater Las Vegas Association of Realtors, Southern Nevada Real Estate Report, Q2 2014HUD PD&R, Housing Market Profiles, February 2014



Homeownership Rate – Clark County, NV

39

Own59.10%

Rent40.90%

2000

Own51.91%

Rent48.09%

2013

Source: U.S. Census Bureau, American FactFinder, General Housing Characteristics: 2000Pedia City, Homeownership Rate for Clark County, NV 2013



Housing Shortage - Orange County

40Source: U.S Census BureauNational Association of Realtor – Profile of Orange CountySouthern California Association of Government – Orange County Profile

2014 2000




Sales Price 580,000$ 318,000$

Population 3,010,232 2,846,289




(units)

Population Growth

(person)

Population

Growth/New SFH

Construction

2008 1,298 16,321 12.6x

2009 1,339 16,484 12.3x

2010 1,553 19,427 12.5x

2011 1,898 18,614 9.8x

2012 3,910 26,946 6.9x

2013 3,641 29,708 8.2x

2014 3,660 33,940 9.3x

Total 17,299 161,440 9.3x



Unemployment Rate – Orange County

41

Jul 20109.9%

Dec 20144.5%

Dec 20145.4%

Jul 201010.6%




Household Relocation - Orange County – Flight to Suburbs

42Source: National Association of Realtors, Internal Revenue Service 2013



Homeownership – Orange County

43

Own61.40%

Rent38.60%

2000

Own58.60%

Rent41.40%

2014

Source: U.S. Census Bureau, American FactFinder, General Housing Characteristics: 2000First Tuesday Journal; Orange County Housing Indicators, February 2014



Housing Shortage - Los Angeles

44Source: U.S Census BureauNational Association of Realtor – Profile of Los AngelesSouthern California Association of Government – Los Angeles County Profile

2014 2000




Sales Price 510,000$ 215,900$

Population 10,117,239 9,543,000




(units)

Population Growth

(person)

Population

Growth/New SFH

Construction

2008 3,527 44,000 12.5x

2009 2,099 69,000 32.9x

2010 2,439 (22,000) NA

2011 2,370 59,000 24.9x

2012 4,370 67,000 15.3x

2013 3,839 65,068 16.9x

2014 4,460 100,171 22.5x

Total: 23,104 382,239 16.5x



Unemployment Rate – Los Angeles

45

Jul 201013.3%

Dec 20147.5%

Dec 20145.4%

Jul 201010.6%




Household Relocation – Los Angeles – Flight to Suburbs




Homeownership – Los Angeles

47

Own47.90%Rent

52.10%

2000

Own49.10%

Rent50.9%

2014

Source: U.S. Census Bureau, American FactFinder, General Housing Characteristics: 2000First Tuesday Journal, Los Angeles Housing Indicators, February 2015



Housing Shortage - Riverside

48Source: U.S Census BureauNational Association of Realtor – Profile of Riverside CountySouthern California Association of Government – Riverside County Profile

2014 2000




Sales Price 322,020$ 138,560$

Population 2,189,000 1,545,387



YearNew SHF Construction

(units)

Population Growth

(person)

Population

Growth/New SHF

Construction

2008 3,817 32,000 8.4x

2009 3,386 37,000 10.9x

2010 4,031 34,641 16.0x

2011 2,690 46,359 17.2x

2012 3,107 29,000 9.3x

2013 4,432 28,000 6.3x

2014 5,000 31,000 6.2x

Total 26,463 238,000 9.0x


(units)

Population Growth

(person)

Population

Growth/New SFH

Construction

2008 3,817 32,000 8.4x

2009 3,386 37,000 10.9x

2010 4,031 34,641 16.0x

2011 2,690 46,359 17.2x

2012 3,107 29,000 9.3x

2013 4,432 28,000 6.3x

2014 5,000 31,000 6.2x

Total 26,463 238,000 9.0x



Unemployment Rate – Riverside

49

Jul 201015.2%

Dec 20147.2%

Dec 20145.4%

Jul 201010.6%




Household Relocation – Riverside – Growing Again




Homeownership – Riverside – Large renter population

51

Own68.90%

Rent31.10%

2000

Own59.00%

Rent41.00%

2014

Source: U.S. Census Bureau, American FactFinder, General Housing Characteristics: 2000First Tuesday Journal; Riverside Housing Indicators, February 2014



Housing Shortage - San Bernardino

52Source: U.S Census BureauNational Association of Realtor – Profile of San Bernardino CountySouthern California Association of Government – San Bernardino County Profile


(units)

Population Growth

(person)

Population

Growth/New SFH

Construction

2008 2,056 18,163 8.8x

2009 1,430 13,597 9.5x

2010 1,198 13,688 11.4x

2011 1,066 15,526 14.6x

2012 1,990 20,694 10.4x

2013 2,040 28,663 14.1x

2014 2,180 36,079 16.6x

Total 11,960 146,410 12.2x

2014 2000




Sales Price 216,020$ 138,560$

Population 2,088,371 1,709,434





Unemployment Rate – San Bernardino

53

Jul 201014.8%

Dec 20147%

Dec 20145.4%

Jul 201010.6%




Household Relocation – San Bernardino




Homeownership – San Bernardino

55

Own64.50%

Rent35.50%

2000

Own58.20%

Rent41.00%

2014

Source: U.S. Census Bureau, American FactFinder, General Housing Characteristics: 2000The Community Foundation, San Bernardino County, Community Indicators Report 2014



Housing Shortage - San Diego

56Source: U.S Census BureauNational Association of Realtor – Profile of San DiegoSouthern California Association of Government – San Diego County Profile


(units)

Population Growth

(person)

Population

Growth/New SFH

Construction

2008 2,361 43,000 18.2x

2009 1,778 35,000 19.7x

2010 2,270 50,000 22.0x

2011 2,245 35,000 15.6x

2012 2,197 37,000 16.8x

2013 2,570 35,000 13.6x

2014 2,480 38,532 15.5x

Total 15,901 273,532 17.2x

2014 2000




Sales Price 450,000$ 269,410$

Population 3,150,178 2,825,000





Unemployment Rate – San Diego

57

Jul 201010.9%

Dec 20145.2%

Dec 20145.4%

Jul 201010.6%




Household Relocation – San Diego




Homeownership – San Diego

59

Own55.40%

Rent44.60%

2000

Own53.90%

Rent46.10%

2014

Source: U.S. Census Bureau, American FactFinder, General Housing Characteristics: 2000First Tuesday Journal; San Diego County Housing Indicators, February 2014



Pintar Investment CompanyInvestor Relations

www.pintarinvestmentcompany.com

Kevin SharpInvestor Relations

27372 Calle Arroyo

San Juan Capistrano, CA 92675

Direct/Fax 949.284.0838 | Mobile 949.877.4112

[email protected]

Jeff Pintar CEO

27372 Calle Arroyo

San Juan Capistrano, CA 92675

Office 949.276.4166 | Direct 949.284.0284

[email protected]



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