Case Study : Real Estate
Jefferson Square Multi-family Residential Building

Investment Overview

Lesha Bank LLC (Public) (“Lesha Bank”) successfully completed the exit of Jefferson Square, its first-ever US real estate investment and the second US real estate exit, in April 2022.

Acquiring a 95% stake in the 304-unit class A multifamily residential building in June 2017, situated in Baltimore, Maryland, across the famous John Hopkins Hospital, the investment was exited just under five years after purchase.

Investors received their full capital, along with an 8% annual distribution. The property was built in 2014 and was a great addition to Lesha Bank’s real estate investment portfolio, meeting its 5-year investment target, yielding an average IRR of 9% against the initial target of ~8.5%, net of all fees, costs, and taxes.

Investment Jefferson Square
Sector Real Estate
Countries USA
Type Multi-family residential building
Built 2014
Number of Units 304 Class A
Sale Marketing Off-market negotiation
Jefferson Square Multi-family Residential Building
Jefferson Square Multi-family Residential Building

The information contained in this presentation is strictly confidential and intended for the sole consumption of its intended recipient. The information contained herein is strictly intended for providing general updates and information, it does not constitute a sale or offer of investment products, neither does it constitute as an investment advice and shall not be a reliable guide to future performance. The recipient is cautioned from making investment decisions based on this information and is required to obtain independent investment and legal advice from a licensed financial/investment advisor/counsel.

Certain information set forth in this presentation contains “forward-looking information”, including “future-oriented financial information” and “financial outlook”, under applicable laws (collectively referred to herein as Forward-looking Statements or Statements). Except for statements of historical fact, the information contained herein constitutes Forward-looking Statements and may include, but is not limited to, the (i) projected financial performance of the investment; (ii) completion of, and the use of proceeds from, the sale of the shares when completed; (iii) the expected development of the investment, related business activities, projects, and joint ventures; (iv) execution of the investment’s objectives and growth strategy, and global growth outlook; (v) updates and developments relating to third-party financing for the investment; (vi) completion of the investment ‘s activities that are currently underway, in development or otherwise under consideration; (vi) future liquidity, working capital, and capital requirements.

Forward-looking statements are provided to allow current and potential investors the opportunity to understand management’s demonstration and opinions in respect of the future of this investment so that they may use such beliefs and opinions as one factor in evaluating an investment and shall not be a reliable guide to the future performance of this investment. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such Forward-looking Statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such Forward looking Statements. Although Forward-looking Statements contained in this presentation are based upon what management believes are reasonable assumptions in accordance with the information provided by the target investment, there can be no assurance that Forward-looking Statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Bank undertakes no obligation to update Forward-looking Statements if circumstances or management’s estimates or opinions should change except as required by applicable relevant laws. The reader is cautioned not to place undue reliance on Forward-looking Statements.

While the Bank has endeavored to ensure the correctness of the information provided, the Bank is not responsible for any errors, omissions, or the results obtained from using this information and shall not make any guarantees or warranties based on the information contained in this presentation.

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