The STAR Evergreen Fund will seek to achieve a target net IRR of 11-13%* through diversified mission-critical investments in real estate assets across industrial, government, research and development, and office sectors. FD Stonewater, LLC ("FDS") is a privately-held full-service investment, development, and brokerage company with national capabilities delivering real estate solutions through entrepreneurial and thoughtful leadership. Founded in 2003, the Firm is headquartered in Washington, D.C. with 40 employees. In 2022, FDS launched the STAR Evergreen Fund, L.P. for its flagship strategy investing in mission-critical single-tenant real estate assets in U.S. secondary and tertiary markets seeking to generate stable current yield and unlock long-term value through active management. DIFFERENTIATORS Strong Track Record - 20 years of historic gross returns* of 35.3% and 2.4x across single tenant strategy. Stable Experienced Team - Founding investment partners have worked together for 25 years. Active Management - Vertically integrated, hands-on operators in an asset class that others view as “passive.” Captive Pipeline - The Fund is expected to have access to off-market opportunities, including newly developed government and industrial build-to-suits and other investments from the firm’s complementary businesses. Secondary and Tertiary Market Operator - Our team has 8MM SF of experience across 40+ secondary and tertiary markets. BY THE NUMBERS $10 billion** in investment, acquisition, and advisory services 45+ million square feet of completed lease transactions 13.5 million SF in Development, Construction Management and Asset Management $1.2 billion active and completed principal development nationwide *Gross IRR and equity multiples for realized investments are reported net of acquisition fees, asset management fees, and entity expenses, but do not include the impact of promote. Net returns take into account promote. Past performance is not indicative of future results. **Based on total gross asset value for acquisition, development, and advisory transactions in which the firm’s principals participated, including experience at prior firms.