CASE STUDY PARTNERED RIGHT HJ Sims committed to funding $12 million to purchase Class A Interests in a new investment partnership, BSL Investors Fund II, LLC (“BSL II”) with long-time partner Benchmark Senior Living, LLC (“Benchmark”). BSL II was formed to develop and acquire senior housing communities located in the Boston to Washington, D.C. corridor. At the time of the first capital call, BSL II had plans for initial investments in four senior housing properties and has identified nine other senior housing communities as future investments. Sims successfully raised $2.785 million through the issuance of bonds to meet BSL II’s first capital call. STRUCTURED RIGHT There were a number of challenges associated with this financing: » Providing the flexibility to change the size

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