2Q21 Dividends Announcement: 8.4% Dividends, 17 Straight Distributions Over 8%

Streitwise is distributing 2Q21 dividends today equating to an 8.4% annualized yield based on the original $10.00 share purchase price and an 8.3% annualized yield based on the current NAV of $10.16/share.

Dividends will be paid pursuant to the payment option selected in your Investor Center for all eligible investors. Please allow 1-2 business days for the activity to be reflected in your account.

It’s an interesting time for the office market, to say the least. Uncertainty regarding the employee return to offices, WFH initiatives, and large increases in sublease supply in some well-known central business districts have led to sensational headlines regarding the future of office space.

Our portfolio has been resilient as we expect most of our tenants to be fully back in the office by fall.

We signed two leases this year taking occupancy at the Allied Solutions Building to 100% and are actively negotiating renewals at Streitwise Plaza (St. Louis). Leasing activity is strengthening throughout the St. Louis MSA, further supporting already-sound fundamentals for quality office space in good locations, and we expect these tailwinds to continue.

On the investing side, we see evidence that there may be opportunities to buy top quality assets at fair prices, especially relative to other property types. We will remain patient and wait for the right opportunities to acquire generational assets for the long term.

Eliot Bencuya

Eliot Bencuya is the co-founder and CEO of Streitwise. Eliot has extensive experience identifying, underwriting, and executing value-add real estate investments.

Prior to forming Streitwise, he was a Vice President of Acquisitions for Canyon Capital Realty Advisors and the Canyon-Johnson Urban Funds, where he was responsible for originating, underwriting, structuring and executing transactions in the Pacific Northwest, Northern California and Midwest regions. Mr. Bencuya also held positions at Sovereign Investment Company (a subsidiary of the Marcus and Millichap Company) and the investment banking division of Merrill Lynch & Co. He holds a Bachelor of Arts degree in Economics and International Studies from Yale University, and a Masters of Business Administration degree from the Haas School of Business at the University of California, Berkeley. Mr. Bencuya is a member of ULI.

SW Manager, LLC, dba “Streitwise,” (“Manager”) is a wholly-owned subsidiary of and controlled by Tryperion Partners, LLC (our “Sponsor”). Manager is the external manager and advisor of 1st Streit Office Inc. (“1st Streit Office”) and 1st Streit Office Operating Partnership LP (our “Operating Partnership” and, together with 1st Streit Office, “Our Current Offering”). 1st Streit Office is the sole general partner of our Operating Partnership, through which all of our assets will be owned and substantially all of our operations will be conducted. All references herein to “Streitwise” refer, as applicable, to Manager, 1st Streit Office, the Operating Partnership, or any of their affiliates (collectively, the “Streitwise Entities”). Unless explicitly stated to the contrary, all references to “we,” “us,” and/or “our” shall refer to the Streitwise Entities. Streitwise is not affiliated with nor related to NAREIT or its annual REITwise conference.

An offering statement regarding this offering has been filed with the SEC. The SEC has qualified that offering statement which only means that 1st Streit Office Inc. may make sales of the securities described by that offering statement. It does not mean that the SEC has approved, passed upon the merits or passed upon the accuracy or completeness of the information in the offering statement. You may obtain a copy of the offering circular that is part of that offering statement HERE. You should read the offering circular before making any investment. Our current offering is structured as a non-traded real estate investment trust, or “REIT,” under Regulation A+ of the JOBs Act.

¹ Since inception annualized dividend includes all dividends from commencement of operations of Our Current Offering through the quarter ending June 30, 2021.
² #1 Overall Fund Fees and Experience as rated by The Real-Estate Crowdfunding Review.
³ Source: FTSE NAREIT All Equity REITs vs S&P 500. Real estate has outperformed the S&P 500 with more than double the gains since 1990.
⁴ Reflects gross IRR on realized investments in the Sponsor’s investment portfolio since inception. Sponsor is Tryperion Partners.
⁵ We will seek to invest in real properties and other real estate-related assets that we believe can produce a 8-9% return. Based on our Sponsor’s prior experience, we believe that we can acquire a portfolio of assets that has the ability to achieve this return for investors. However, we cannot guarantee that we will reach this target return for our investors.