SPARTAN INVESTMENT GROUP

SPARTAN INVESTMENT GROUPPORTFOLIO OF PROJECTS

APRIL 2020

CONFIDENTIALITYThe information contained in the following portfolio of projects is proprietary andstrictly confidential. It is intended to be reviewed only by the party receiving it fromSpartan Investment Group, LLC and should not be made available to any other personor entity without the written consent of Spartan Investment Group, LLC. This portfolioof projects has been prepared to provide a summary of completed and fundedprojects for prospective investors who have established a pre-existing relationshipwith Spartan Investment Group, LLC.

DISCLAIMERNo warranty or representation, express or implied, is made to the accuracy of the informationcontained herein, and the same is submitted subject to errors, omissions, change of price, orother conditions, and of any special listing conditions imposed by our principals.

CONTENTSMEET THE SPARTAN TEAMMeet the SIG Leadership Team ................................................................................................................. 4-5 WHY INVEST WITH SIGOur Investment Strategy ..................................................................................................................................6Our Investment Process .................................. .................................................................................................7SIG's Achievements.............................................................................................................................................8Why Self Storage ............................................................................................................................. ....................9Investor Testimonials ......................................................................................................................................10 ASSETS UNDER MANAGEMENTRidgmar Mall Storage, Ft. Worth, TX ............................................................................................................11Mini-West Storage, Corsicana, TX .................. ..............................................................................................12Devonshire Storage, Denver, CO .................................................................................................................13Fort Worth Boatel & Storage, Ft. Worth, TX ...............................................................................................14Aspen Park Self St orage, Conifer, CO ..........................................................................................................15Goldenrod RV Park, Gardendale, TX ............................................................................................................16HWY 285 RV Park, Pecos, TX ...................................................................................................... ....................17 UNDER DEVELOPMENTSelf Storage Development, Black Diamond, WA........................................................................................18MHP Development, Sequim, WA ..................................................................................................................19 COMPLETED PROJECTS1308 L Street SE Condo Conversion, Washington, DC .............. .............................................................20Elvans Road Lots Development, Washington, DC ....................................................................................21Lamont Street Condo Conversion, Washington, DC ...............................................................................221312 Levis Street NE Renovation, Washington, DC .............................. ...................................................232009 Evarts Street NE New Home Construction, Washington, DC .....................................................241612 W Street SE Renovation, Washington, DC .......................................................................................251350 L Street SE Renovation, Washington, DC ....................................................... ..................................26

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CO-FOUNDERS

SCOTT LEWIS

RYAN GIBSON

Scott Lewis is the Chief Executive Officer and theCo-Founder of Spartan Investment Group, LLC (SIG)and has led numerous successful real estateprojects ranging from single family flips to groundup development of self-storage. As the Chief Executive Officer, Scott is responsiblefor developing business strategies and plansensuring their alignment with short-term and long-term objectives. He leads the Spartan team byoverseeing all operations and business activities toensure they produce the desired results and areconsistent with the overall strategy and mission. Inaddition to Spartan, Scott is also a Major in the USArmy Reserves and is an Operation Iraqi FreedomVeteran. Scott graduated from Michigan State University withdegrees in Chemistry and Marketing from CatholicUniversity with a MS in Management, and fromGeorgetown University with a Certificate in ProjectManagement.

Ryan Gibson is the Chief Investment Officer andthe Co-Founder of SIG. He has organized over $25Mof private equity for Spartan’s projects. Ryan hasexperience managing development of SIGs projects inchallenging markets. For SIG, Ryan is responsible for investor relations andcapital raises for projects. Ryan is also a highly experienced commercial airlinepilot. Ryan graduated from Mercyhurst Universitywith a bachelor’s degree in Business, withconcentrations in Marketing, Management, andAdvertising.

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BEN LAPIDUS

LINDSAY LEWIS JACKIE GIBSON

Lindsay Lewis is the Director ofBusiness Intelligence lead for SIG.Applying 10+ years of experience incompetitive and advanced analyticsacross the spectrum from datasourcing to integration andexploitation, Lindsay develops andimplements the strategy for leveragingdata, technology and research toquickly identify opportunities for SIGand its investors. Lindsay graduated from GeorgeMason University with a bachelor’sdegree in Biology and a master’sdegree in Biodefense.

Jackie Gibson is the Director ofOperations for SIG. In this role Jackie isleveraging her 15+ years of logistics,procurement, project management, andengagement experience to increase quality,profitability and efficiency for SIG’s projects.Jackie manages SIG's current portfolio. Jackie graduated from Mercyhurst Universitywith a bachelor’s degree in Hotel Restaurantand Institutional Management.

Ben Lapidus is the Director of Acquisitions and Finance for SIG.Ben brings his skills in asset management and financial analysis tolaunch and grow Spartan’s portfolio business line. With over twodozen successful deals under his belt prior to Spartan, Ben is alsothe founder and host of the national Best Ever Real Estate InvestingConference and managing partner of Indigo Ownerships LLC. Before Spartan, Ben started a multi-million dollar study abroadcompany and worked with several start-ups through IPO oracquisition. He graduated Rutgers University with dual degrees inFinance and Economics where he was the founder of the RutgersEntrepreneurial Society.

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APPROACHWe focus on one opportunity at a time. Each is putthrough rigorous feasibility and due diligence processesto identify and mitigate risks. We develop individualofferings that are structured as single asset LLCs so ourinvestors can partner with us on a per project basis. ASSET CLASSESSIG has experience in residential development;however, our primary focus is self-storage. CATEGORIESCurrently Spartan is focusing on two categories ofdeals: Value Add and Opportunistic.

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SIG reviews thousands of opportunities before presenting the best deals to ourinvestors. Once an opportunity passes our initial approval, we conduct a feasibilitystudy to understand the demand. If the demand meets our strict criteria, we place theproperty under contract and complete our 675-point due diligence checklist. If theinvestment passes feasibility and due diligence, the SIG team presents the opportunityto qualified investors in an offering memorandum.

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36% AVG ROI$97M PROJECTS

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$25M PRIVATEEQUITY

9 COMPLETEDPROJECTS

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Self-storage offers cash flow performance and value-add potential, and is experiencinghigh occupancy due to increased demand. In addition, rental rates are increasing due tolow supply. Self-storage is needed during economic downturns as well as during aneconomic expansion.

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What a great team! This teamworks hard to find youamazing projects to invest inand their hard work willreward you! They are also oneof the most responsive andpersonable groups of people Ihave ever met in the industry.Smart, hardworking, and greatto work with is a team to stickwith for the long haul.

JEFF K.

Our quarterlydistribution wastwice what wehad originallyexpected. TheSIG teamcontinues toover-deliver andover-achieve.

STEVEN B.

I have invested in several projects with SpartanInvestment Group over the past few years. Inevery instance they have been consummateprofessionals and the ventures have alwaysbeen profitable. They never hesitate to provideany information that I ask for and always givethorough and clear updates on all of theirprojects. The information they provide in videoteleconferences and briefs demonstratecomplete knowledge of the markets and typesof projects that they invest in.

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RIDGMAR MALL STORAGE

BACKGROUNDSIG acquired an 1,106 unit self-storage facility in Fort Worth,Texas. The building was formerly a Macy’s that wasconverted into storage and SIG is currently taking theproperty through lease up. The facility features a modernoffice, loading docks, and is 100% climate controlled.

TYPE OF PROJECTCommercial operation of a self-storage facility.

TARGET TIMELINE5-year hold.

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MINI-WEST STORAGE

BACKGROUNDSIG acquired a 735 unit, existing self-storage facility inCorsicana, Texas. The facility conveyed with a 2 acre vacant lotwith zoning allow for self-storage use. SIG is developing theland to add an additional 40,000 square feet of climatecontrolled self-storage. The opportunity also came with a 5-baycar wash, U-Haul truck rental business, and a FedEx/ UPS drop.

TYPE OF PROJECTCommercial development and operation of a self-storagefacility, car wash and U-Haul Rental Center.

TARGET TIMELINE5-year project hold with a refinance in year three.

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DEVONSHIRE STORAGE

BACKGROUNDSIG acquired a 214 unit, existing self-storage facility, in Denver,CO. The SIG team plans to deploy significant operationalimprovements to the facility and increase economic occupancy.SIG will also deploy capital improvements to the facility andbring the facility up to market standards.

TYPE OF PROJECTCommercial operation of a self-storage facility.


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FORT WORTH BOATEL & STORAGE

BACKGROUNDSIG acquired a 209-unit RV & Boat Storage facility in Fort Worth,TX. At the time of acquisition, the facility was under performingand experiencing low economic occupancy. The SIG team hasdeployed significant operational improvements to the facility andincreased economic occupancy. SIG has also deployed capitalimprovements to the facility and has brought the facility up tomarket standards.



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ASPEN PARK SELF STORAGE

BACKGROUNDSIG acquired a 128 unit, existing self-storage facility, inConifer, CO. The facility conveyed with a 1⁄2 acre vacant lotthat was zoned residential. SIG rezoned the lot and isdeveloping an additional 14,000 square feet.

TYPE OF PROJECTCommercial development and operation of a self-storagefacility.

TARGET TIMELINE10-year project hold with 100% refinance of investor capitalin year five.

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GOLDENROD RV PARK

BACKGROUND

Installed 14 additional RV spacesConstructed propane dispensing unit, setup business operations to sellpropaneRenovation of office, bathrooms and laundry facilityAdded pavilion, BBQ area and fencingInstalled 7 internet towers

SIG acquired a 102 unit, extended stay RV Park in Gardendale, TX. SIGhandles all aspects of the project to include organizing the equity and debt,direct asset and property management, and property development.Improvements to the property include:



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HIGHWAY 285 RV PARK

BACKGROUNDSIG acquired a 103 unit, extended stay RV Park in Pecos, TX.SIG handles all aspects of the project to include organizing theequity, direct asset and property management, and propertydevelopment. SIG has developed the property by adding aconvenience store, installing canopies, and will build a newlaundry room.

TYPE OF PROJECTCommercial development and operation of an RV Park.


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BLACK DIAMOND STORAGE

BACKGROUNDSIG acquired 5.67 acres in Black Diamond, WA for the purposeof developing a 110,535 square foot self storage facility. SIGhas received approval to move forward with the construction.

TYPE OF PROJECTCommercial development of a retail, self storage, andRV/Boat storage facility.

TARGET TIMELINE10-year project hold with 100% refinance of investor capitalin year five.

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LAVENDER MEADOWS MANUFACTURED HOME PARK

BACKGROUNDSIG acquired a 38-acre parcel in Washington’s Olympic Peninsula.The property received site plan approval to construct a 217-lotmanufactured housing community. SIG plans to build the park,lease up the facility, and sell the asset upon stabilization. Theproperty will feature double wide homes, two-car garage parking,a club house and pocket parks.

TYPE OF PROJECTCommercial development of a manufactured housingcommunity.

TARGET TIMELINE5-year.

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1308 L STREET CONDO CONVERSION, WASHINGTON, DC

BACKGROUNDSIG acquired a single family home and developed theproperty into four condos. SIG coordinated all aspectsof the project.

TYPE OF PROJECTResidential Development

TIMELINE34 months.

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ELVANS ROAD LOTS DEVELOPMENT, WASHINGTON, DC

BACKGROUNDSIG acquired four residential lots in Washington, DCand subdivided into 11 lots. SIG took the propertythrough the subdivision process and entitled the land.The property was sold to a developer.


TIMELINE15 months.

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LAMONT STREET CONDO CONVERSION, WASHINGTON, DC

BACKGROUNDSIG acquired a single family home for the purposes ofredeveloping into two condo units. SIG organized all aspects ofthe project.


TIMELINE15 months.

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1312 LEVIS STREET NE, WASHINGTON, DC

BACKGROUNDSIG completely redeveloped and expanded this single familyhome in Washington, DC.

TYPE OF PROJECTRenovation of a single family home.

TIMELINE7 months.

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2009 EVARTS STREET NE, WASHINGTON, DC

BACKGROUNDSIG acquired a vacant lot in the northeast neighborhood ofWashington, DC and constructed a 5 bedroom 3.5 bathroomsingle family home.

TYPE OF PROJECTNew construction of a 4,000 square foot single family home.

TIMELINE16 months.

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1612 W STREET SE, WASHINGTON, DC

BACKGROUNDSIG acquired a single-family home in Washington, DC. Theproperty had burned down in a fire and SIG completelyreconstructed the home.


TIMELINE14 months.

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1352 L STREET SE, WASHINGTON, DC

BACKGROUNDSIG acquired a row-home in the Hill East neighborhood ofWashington, DC. SIG organized the acquisition capital, debt,and renovation of the project.


TIMELINE6 months.

FOR ADDITIONAL DETAILS PLEASE CALL 202.696.5112 OR

EMAIL US AT [email protected]

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1211 AVERY STREET SUITE 201GOLDEN, CO 80403

SPARTAN INVESTMENT GROUP

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