The Fund will target properties that:

1. Are located in the Northeastern and Mid-Atlantic United States (the “Target markets”) where Insignia has an investment/operating history
   
2. Can be acquired at prices meaningfully below
   replacement cost
   
3. Are challenged and have value enhancement potential
   
4. Have untapped current income potential
   
5. Have distinctive location or physical attributes that will extract a pricing premium upon sale and facilitate a more rapid and viable exit strategy.

The Fund’s investment strategy is to acquire properties throughout the Target Markets where Insignia can use its expertise to materially enhance their value with a focus on the following:

Industrial
Acquire single and multi-tenant facilities located in specific industrial corridors. The Fund will pursue an aggregation strategy of inefficiently priced and/or well-located product that can be re-tenanted, redeveloped or otherwise repositioned into regional industrial portfolios, which will ultimately be sold through a number of options, including portfolio sales to institutional investors, 1031 exchange buyers, and private individuals.

Retail
Acquire established, uniquely positioned, and under-utilized (in terms of below-market rent roll, expansion and/or rehabilitation opportunities) grocery-anchored neighborhood and community shopping centers. The exit strategies will include single asset or portfolio sales to an institutional real estate investor(s), individual sales to private investors, or 1031 exchange buyers.

Suburban Office
Acquire well-located single and multi-tenant, Class B-/C+ properties that can be converted into Class A-/B= investments, which will ultimately be individually sold to institutional or private investors seeking stabilized, income producing investments.