O F F E R I N G M E M O R A N D U M

Fresenius Medical Care4622 S. Bishop | Chicago, IL

Actual Photo

Transaction Summary 5-6Tenant Overview 7Site Plan 8Aerial Overview 9-10Market Overview 11

2TA B L E O F C O N T E N T S

This Offering Memorandum (“Memorandum”) is intended solely for the use of prospective investors in determining whether or not to pursue the possible acquisition of the Retail Property (“the Property”) at 4622 S. Bishop, Chicago, IL. This Memorandum is of a proprietary and confidential nature. Prospective investors and/or their advisors are expressly forbidden from sharing this information with any individuals or organizations that are not directly connected with the analysis of this investment opportunity. STREAM Capital Partners, LLC (“SCP”) has been retained as the exclusive advisor for this investment opportunity. Any and all inquiries are to be directed to SCP.By accepting this Memorandum, the recipient agrees that it will cause its directors, officers, employees and representatives to use the Memorandum and all of the information contained therein only to evaluate this specific investment opportunity and for no other purpose and shall return this Memorandum together with any copies to SCP upon request. This Memorandum contains confidential material which is non-public information. Receipt of this Memorandum constitutes your acknowledgment that you will maintain the information contained herein in strict confidence.All information contained herein has been provided by the Organization, its affiliates or other sources that SCP deems reliable; however, SCP has not independently verified any of the information, including the financial estimates and projections and selected real estate information, contained herein. This Memorandum includes information about the Organization, including selected financial information, estimates and projections that reflect various assumptions concerning anticipated results, which may or may not prove to be correct and selected real estate information which may or may not prove to be correct. Such projections and estimates may or may not be indicative of future performance, which may be significantly more or less favorable than that as reflected herein.In furnishing this Memorandum, none of the Organization, its affiliates or SCP undertakes any obligation to provide additional information or to correct or update any of the information set forth in the Memorandum. None of the Organization, its affiliates or SCP makes any representation or warranty, expressed or implied, as to the accuracy or completeness of the information contained herein in this Memorandum, or made available in connection with any further investigation of the Organization, and nothing contained herein is, or shall be relied upon as, a promise or representation, whether as to the past or the future. The recipient should rely solely on the representations and warranties made to it by the Organization or its affiliates in any executed definitive agreement.Under no circumstances should the Organization, its affiliates or any of their management, directors, shareholders, employees, customers or vendors be contacted directly.

3D I S C L A I M E R

4T H E O F F E R I N G

5

Cap Rate: 5.75%*

Purchase Price: $5,526,087 Annual Rent: $317,750 (10/2017) * 6.78% Blended Cap Rate Over Initial Term

T R A N S A C T I O N S U M M A R Y

Property Location: 4622 S. Bishop Street, Chicago, IL Tenant: Fresenius Medical Care Illinois LLC Guarantor: Fresenius Medical Care Holdings, Inc. (NYSE: FMS | S&P: BBB-) Building Size: 10,200 sf Land SIze: +/- 0.42 acres Parking: 22 spaces Lease Type: NN Landlord Responsibilities: See lease excerpt on next page Rent Commencement: October 19, 2016 Lease Expiration: October 19, 2031 Remaining Term: 14+ Years Options: Three, 5-year options Rent Increases: 2.5% annually

Lease Summary

Investment Highlights• 2.5% Annual Rent Increases• Investment Grade Tenant (NYSE: FMS) - S&P: BBB- Stable• Densely populated neighborhood in Chicago • Less than 5 miles from Chicago’s CBD• Brand New Construction

6L E A S E A B S T R A C T | Tenant & Landlord Responsibilities6. Repairs & Maintenance6.1 Tenant’s Repair & Maintenance Obligations

During the Lease Term, Tenant shall at its sole cost and expense keep and maintain the non-structural portions of the interior ofthe Premises, including all Tenant Alterations, in good order and repair and free of refuse and rubbish.

6.2 Landlord’s Repair & Maintenance Obligations

During the Lease Term, Landlord shall:

A. without expense to Tenant, maintain and make all necessary repairs and/or replacements to the exterior and structural portionsof the Property, Building and Premises, including, without limitation: foundations, including the slab, structure, load bearing walls,exterior walls, the roof and roof supports, columns, retaining walls, gutters, downspouts, flashings, and footings.

B. maintain and make all necessary repairs and/or replacements to the following, unless Tenant elects to maintain any of thefollowing by providing written notice to Landlord electing to do the same at its sole cost and expense: parking areas (includingsurfacing, striping, paving and sealing), curbing, sidewalks and directional markers, ice and snow removal, water mains, gas andsewer lines, private roadways, landscape, loading docks, if any, and provision and repair of adequate lighting during all hours ofdarkness that Tenant shall be open forbusiness.

Tenant shall reimburse Landlord for the costs and expenses of the maintenance and repair contemplated in this Section 6.2(b) (the..Maintenance Expenses"), except for the replacement of the parking lot or any other capital expenditure, as defined in Section6.2(b)(vii) below, as Additional Rent for the same periods and in the same manner, time, and place as the BaseRent.

6.i Payment of Estimated Maintenance Expenses

On or before December 31st of each year during the Lease Term, Landlord shall provide Tenant with a statement detailing Landlord'sreasonable estimate of the Maintenance Expenses for the upcoming calendar year (the "Estimated Statement"). Tenant shall pay toLandlord, Landlord's estimate of Maintenance Expenses each month together with Tenant's payment of Base Rent.

6.ii Annual Reconciliation of Maintenance Expenses

On or before April 15 th of each year, Landlord shall provide Tenant with a statement showing the actual Maintenance Expenses forthe previous calendar year (the "Actual Expenses Statement"). Landlord shall indicate on Actual Expenses Statement whether thereis a shortfall or overpayment by Tenant in its payment of Maintenance Expenses for the prior calendar year. If a shortfall exists,Tenant shall pay, within thirty (30) days of receipt of the Actual Expenses Statement, the full amount of that shortfall. If an excessexists, Landlord shall apply such excess to Tenant's next monthly Rent payment. No interest shall accrue on any shortfall oroverpayment by Tenant of the estimated Maintenance Expenses. Should Landlord fail to reimburse Tenant hereunder, Tenant shallhave the right to offset Base Rent.

Fresenius Medical Care (NYSE: FMS)(“the Company”) is the world’s leading provider of products and services for people with chronic kidney failure. The Company operates greater than 3,600 dialysis clinics worldwide. In addition to the clinics, the Company operates 40 production sites globally, to provide dialysis products such as dialysis machines, dialyzers and related disposables.

The Company’s vertically integrated strategy is geared toward sustainable growth. They aim to continuously improve the quality of life of patients with kidney disease by offering innovative products and treatment concepts of the highest quality.

Fresenius Medical Care’s global corporate headquarters is located in Germany. The North American corporate headquarters, which accounts for nearly 75% of global revenue, is located in Waltham, Massachusetts.

Company | 2016 At a Glance

• Revenue and EBITDA: $17.9 billion and $3.5 billion, respectively • 308,471 patients served throughout 3,624 clinics worldwide • 109,319 employees throughout 50 countries • >46.5 million dialysis treatments administered • Produces 50% of dialysis equipment sold worldwide (2016)

7T E N A N T S U M M A R Y

8S U R V E Y

4 1/2"

7'-0"

8" 2'-0 1/2" 8"

3'-4 1/2"

3"

5"

6'-0"

SC

ALE:

1A

G-21 TE

MP

OR

AR

Y S

ITE S

IGN

AG

E3/4" = 1'-0"

TOP V

IEW

FRO

NT V

IEW

WH

ITE LETTE

RIN

G A

PPLIE

DTO

PAIN

TED

SIGN

PAN

EL TOM

ATC

H 3M

MA

TTE WH

ITE7725-20

1/2" MD

O B

OA

RD

PA

INTE

DTO

MA

TCH

3M S

ULTA

NB

LUE 3630-157

TRIAN

GLE, "FR

ESENIU

SM

ED

ICA

L CAR

E" A

ND

CLIN

ICLO

CATIO

N IN

3M SU

LTAN

BLU

E 3630-157 S

IGN

VIN

YL

MA

TTE FINIS

H ALU

MIN

UM

AP

PLIE

D TO

FAC

E OF M

DO

BO

AR

D - TO

MA

TCH

3MM

ATTE

WH

ITE 7725-20

1/2" MD

O B

OA

RD

PA

INTE

D TO

MA

TCH

3M S

ULTA

N B

LUE

3630-157

LOC

ATIO

N P

HO

NE N

UM

BER(3M

MA

TTE WH

ITE7725-20)TO

BE

PR

OV

IDE

DB

Y FMC

PRO

JECT

MA

NA

GE

R

4 X 4 P

RE

SS

UR

E TR

EA

TED

PO

ST P

AIN

TED

TO M

ATC

HM

ATTH

EW

S 281-342SP

NO

TES

:1.

FMC

LOG

O, LETTE

RIN

G A

ND

LAYOU

TLETTE

RIN

G M

US

T CO

MP

LY WITH

FMC

VIS

UA

L IDE

NTITY S

TAN

DA

RD

SA

S IND

ICA

TED

IN TH

E "FMC

VISUA

LID

EN

TITY G

UID

E - JA

NU

AR

Y 2013"

2.S

IGN

CA

N B

E SIN

GLE O

R D

OU

BLES

IDE

D D

EPEN

DIN

G O

N SPE

CIFIC

SITE C

ON

DITIO

NS

CLIN

IC LO

CA

TION

NAM

ES

HA

LL BE

PR

OV

IDE

D B

YFM

C PR

OJEC

T MAN

AG

ER

8'-0"8'-0"

8'-0"8'-0"

8'-0"8'-0"

8'-0"8'-0"

8'-0"8'-0"

8'-0"8'-0"

8'-0"8'-0"

18'-0"

22'-0"

8'-0"8'-0"

11'-0"11'-0"

11'-0"11'-0"

8'-0"8'-0"

5'-0"5'-0"

5'-0"5'-0"

FMC

- NEW

CITY

9,844 NSF

(BUS

INESS O

CC

UPAN

CY

ME

DIC

AL S

ER

VIC

E U

SE

CA

TEG

OR

Y)

EXIS

TING

TRAS

H EN

CLO

SU

RE

B I S H O P S T R E E T

EX

ISTIN

G S

ITE LIG

HTIN

G (TY

PIC

AL)

EXIS

TING

CO

NC

RETE C

UR

BS

TOP

S (TY

PIC

AL)

EXIS

TING

HAN

DIC

AP P

ARKIN

GS

TALLS W

ITH S

TRIP

ED

AC

CESS AISLE AN

DS

IGN

AN

GE (TYP

ICAL)

EXISTING SIDEWALK EXISTING SIDEWALK

16' PUBLIC ALLEY

EX

ISTIN

GP

ARKIN

G(TY

PIC

AL)

EX

ISTIN

G S

TRE

ET LIG

HTIN

G (N

IC)

AD

JAC

ENT B

UILD

ING

(NIC

)A

DJA

CEN

T BU

ILDIN

G(N

IC)

AD

JAC

ENT B

UILD

ING

(NIC

)

AD

JAC

ENT B

UILD

ING

(NIC

)

AD

JACEN

TB

UILD

ING

(NIC

)

AD

JACEN

TB

UILD

ING

(NIC

)

AD

JACEN

TB

UILD

ING

(NIC

)

AD

JACEN

TB

UILD

ING

(NIC

)

EXISTING SIDEWALK

EX

ISTIN

G S

IDE

WA

LKE

XIS

TING

SID

EW

ALK

EX

ISTIN

G D

RIV

EWA

Y

EX

ISTIN

G O

VE

RH

EA

DC

ANO

PY

EXIS

TING

BO

LLARD

S

EX

ISTIN

G FE

NC

E

EX

ISTIN

G D

EP

RE

SS

ED

CU

RB

,FLU

SH

WITH

PA

RK

ING

LOT

SU

RFAC

E

ELE

CTR

ICA

L PANELS,

SEE ELEC

TRIC

ALD

RA

WIN

GS FO

R M

OR

EIN

FOR

MA

TION

PATIE

NT E

NTR

AN

CE W

ITHE

GR

ESS TO

GR

ADE

STA

FF EN

TRA

NC

E WITH

EG

RE

SS TO G

RAD

E

SPR

INKLER

RISER

EN

TRAN

CE W

ITHE

GR

ESS TO

GR

ADE

TRE

ATME

NT R

OO

ME

NTR

ANC

E WITH

EG

RE

SS TO G

RAD

E

DELIV

ERY EN

TRAN

CE

WITH

EGR

ESS TO

GR

ADE

PR

OP

ERTY LIN

ED

ISTA

NC

E: 124'-10"

SE

E P

LAT O

F SU

RV

EY

PR

OP

ERTY LIN

ED

ISTA

NC

E: 167'-11"

SE

E P

LAT O

F SU

RV

EY

PR

OP

ERTY LIN

ED

ISTA

NC

E: 124'-10"

SE

E P

LAT O

F SU

RV

EY

PR

OP

ERTY LIN

ED

ISTA

NC

E: 167'-11"

SE

E P

LAT O

F SU

RV

EY

EXISTING SIDEWALK

# DATE REVISION DESCRIPTION ---

ARC

HITEC

TUR

AL SITE PLANS

CA

LE: 1/8" = 1'-0"

JLR

EAH

A1.0

NO

TES

:1.

EX

ISTIN

G C

ON

DITIO

NS

HA

VE

NO

T BE

EN

FIELD

VE

RIFIE

D A

ND

CH

RIS

TOP

HE

R K

IDD

& A

SS

OC

IATE

SD

OE

S NO

T GU

AR

AN

TEE TH

E AC

CU

RA

CY O

F THE S

ITEP

LAN

DR

AWIN

G. C

ON

TRA

CTO

R SH

ALL ASSU

ME

RES

PON

SIB

ILITY FOR

VE

RIFY

ING

THE E

XISTING

CO

ND

ITION

S.

2.P

RO

VID

E TE

MP

OR

AR

Y S

ITE S

IGN

AG

E A

T A LO

CA

TION

AG

RE

ED U

PON

BY THE FM

C PR

OJE

CT M

ANAG

ER

AND

GEN

ERAL C

ON

TRAC

TOR

. VE

RIFY LO

CATIO

N M

EETS

ALL R

EQU

IRE

D LO

CA

L CO

DE

S. SEE D

ETAIL #1 ON

THIS

SH

EE

T FOR

SIG

N IN

FOR

MA

TION

.

Proposed Dialysis Clinic for:FMC - New City

FMC Location #9461-1-DN-W-GU-154616 S Bishop Street

Chicago, Illinois 60609

Drafted B

y:

Checked B

y:

Date D

rafted:

Project #:

These drawings, as instrum

entsof service, rem

ain the propertyof the A

rchitect or Engineer.

Any changes, publication, or

use of any kind is prohibitedunless expressly authorized bysaid party. C

opyright 2015.

A R C H I T E C T S E N G I N E E R S P L A N N E R SChristopher Kidd and Associates, LLC

N48W16550 Lisbon Road Menomonee Falls, Wisconsin 53051-6630P 262.901.0505 F 262.901.0510 arch@cka-ae.com cka-ae.com

15036-01

11/12/2015

9A E R I A L V I E W

Back of the Yards College Prep

Berkshire RefrigeratedWarehouse

10A E R I A L V I E W

Downtown Chicago5 miles

Illinois Medical Dsitrict

4.7 miles

Population335,000+

3 miles

11M A R K E T O V E R V I E W | C h i c a g o , I l l i n o i sLocated just southwest the Chicago Central Business District (CBD), the Back of the Yards neighborhood is an industrial and residential community, named after the nearby former Union Stock Yards, which previously employed 25,000 of people and produced 82 percent of US domestic meat production

Today the neighborhood is known for its diverse culture with residents taking advantage of the public transportation to commute to and from the CBD. The City of Chicago is the third-most populous city in the United States. With over 2.7 million residents, it is also the most populous city in both the state of Illinois and the Midwestern United States.

The Chicago metropolitan area, often referred to as Chicagoland, has nearly 10 million people and is the third-largest MSA in the U.S. In terms of wealth and economy, Chicago is considered one of the most important business centers in the world.

D e m o g ra p h i c s (2017 Estimates)

Population 34,787 335,435 865,938 Avg. HH. Income $43,570 $53,180 $64,931

1 mile 3 mile 5 mile

S

Jordan A. ShtulmanManaging Principal847.226.4133jordan@stream-cp.comLic: 475.152062

EXCLUSIVE REPRESENTATION

STREAM CAPITAL PARTNERS, LLC4201 W. Irving Park Road | Suite 200Chicago, Illinois www.stream-cp.com

Ryan W. SmeeleVice President847.651.7500ryan@stream-cp.comLic: 475.168020