CASE STUDY PARTNERED RIGHT In 2016 Sims committed to co-invest $15 million in its third fund (“RDM V” or the “Fund”) with trusted partner Merrill Gardens, LLC (“Merrill Gardens”). RDM V was formed to acquire, develop and operate new senior housing and multifamily properties in the western and southern United States. Since the initial fund raise, through the issuance of the Series I Bonds, RDM V joint ventured with AEW to allow for the development of more high-quality sites. Currently, RDM V has investments in 6 senior housing properties, of which 3 are under development and 3 are in operation, and has identified 3 other senior housing communities as potential investments. Sims successfully raised $3.390 million through the issuance of Series II Bonds to meet the ongoing capi

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