Executive Summary

Cardone Equity Fund 20 is a $45 million fund that offers accredited investors the opportunity to invest in 10X Miami River, a 346-unit, Class AAA apartment community located in the emerging Miami River/Health District of Miami, Florida. This newly built multifamily property is located directly on the iconic Miami River with over 1,000 feet of water frontage. The ultra-amenitized midrise community is located directly across the river from Miami’s Health District, which is the second largest in the country, and within 10 minutes of Downtown Miami, Brickell and Waterford, which have a combined 27M square feet of office space and countless retail, food and beverage options.

Fund 20 and Cardone Capital’s newest non-accredited vehicle is projected to co-invest in 10X Miami River at ownership proportions that have yet to be determined. However, it is anticipated Fund 20 would have a majority ownership position. The property is under contract for $146 million (excluding fees and expenses). The acquisition is still subject to various contingencies and may not be consummated or may be consummated on materially different terms than stated in the contract.