Onicx Healthcare Real Estate Fund: Capitalizing on the Growing Demand for Medical Real Estate

• Onicx Healthcare Real Estate Fund (the "Fund") is seeking a $50 million capital commitment to develop and acquire medical outpatient buildings.
• The fund will be investing in outpatient medical assets with value-add acquisitions and ground-up developments primarily in the Southeast.
• Onicx is vertically integrated with its own construction and property management teams and has over 20 years of track record in the space.
• The Fund will directly invest in the projects, and Onicx principals will invest 5% of total Fund equity and provide loan / construction guaranties where necessary.
• The Fund will capitalize on high demand medical outpatient buildings as a result of the aging population trend and the ongoing shift in healthcare delivery to outpatient settings.
• The Fund investment period will be approximately 3-5 years

Onicx Group ("Onicx"), headquartered in Tampa, is an established multi-asset developer focused on healthcare with experience in multifamily, industrial, and mixed-use commercial real estate. Onicx is a prominent healthcare real estate developer and a trusted real estate partner for health systems and physician practices, with a longstanding focus in healthcare real estate and an unparalleled sector knowledge.

Over the course of 20 years, Onicx has developed over 3 million square feet of commercial real estate, completed on time and budget. Notably, 70% of the healthcare transactions are for existing relationships, an endorsement from its noteworthy clients. With an average executive management tenure of more than 9.5 years and a consistent high tenant satisfaction rate, the success of Onicx's platform bodes well both internally and externally. The management team has a cumulative experience of 100 years in development, finance, construction, and investor relations.

Onicx's full-service platform provides an array of services related to strategy, execution and operations. Highlighted among them are feasibility analysis, site selection, development, design, construction, acquisitions, leasing and property management. Onicx Group has an in-house construction company which allows Onicx to control the entire development cycle of the property. This is a key differentiator from traditional developers that outsource construction.

• Stable and growing sector driven by demographic trends
• Resilient asset class with high occupancy rates
• Long-term leases with creditworthy tenants
• Steady cash flows with built-in rent escalations
• Recession-resistant industry
• Potential for value-add opportunities through property improvements and operational efficiencies

• MOB sector expanding due to healthcare system shifts
• 65+ population projected to be 20% of total by 2028
• 92% average occupancy in medical properties vs 82% in traditional office
• High tenant retention with 81%+ average lease renewal rates
• Long-term leases (10-20 years) with 2-4% annual escalations
• Outpatient visit growth has outpaced inpatient visits by 85% since 1995

Onicx Group has demonstrated a strong track record of successful full cycle developments in the healthcare real estate sector. Here are some notable projects:

These projects showcase Onicx's ability to deliver strong returns across various types of medical office buildings and healthcare facilities, with investor-level IRRs ranging from 13% to 87% and equity multiples consistently above 1.5x.

• Lafayette MOB: 25,000 SF acquisition, Purchasing in September 2024, Est. IRR 18-20%+
• Trinity Oaks MOB: 31,000 SF acquisition, Purchasing in October 2024, Est. IRR 15-17%+
• Jacksonville Seven Pines MOB: 50,000 SF development, Estimated Delivery by Q1 2026, Est. IRR 17-19%+

• Target outpatient medical assets with value-add acquisitions and ground-up developments
• Primary location: Southeast United States
• Capitalize on high demand for medical outpatient buildings due to aging population and shift to outpatient care
• Leverage Onicx's vertically integrated platform with in-house construction and property management

Both Class A and B investors receive:

1. Repayment of debt and accrued interest
2. Repayment of member loans and accrued interest
3. Return of member capital plus 9% Preferred Return
4. Cash flow split: 80% to members / 20% to Onicx until 12% return is achieved

After 12% return:

• Class A: 70% to members / 30% to Onicx
• Class B: 60% to members / 40% to Onicx