Executive Summary

The photos featured above highlight the property we have identified to be acquired by Cardone Equity Fund X. We are scheduled to close on the property December 3rd.

Cardone Equity Fund X is officially open for accredited investors only, who seek to capitalize on real estate investment opportunities created by the recent shutdown in America. This $50M fund is more opportunistic in its mission than previous funds and designed for the investor who has less attention on yield and more on appreciation.

Unlike previous offerings, Cardone Equity Fund X will carry no preferred return and offer three classes of shares.

Class A-1: offers an 80/20 split on cash and appreciation. To qualify for the enhanced payout, your funds must be in before the investment is identified.

Class A-2: offers a 75/25 split on cash and appreciation. To qualify for the enhanced payout, your funds must be in before the investment is acquired.

Class A-3: offers a 65/35 split on cash and appreciation. All funds received once the property is acquired will be treated as class A-3 shares.

Total fund size is $50M – $60M. The focus of the fund is still on income-producing, multi-family property in high growth markets in the US but this does not exclude Mr. Cardone from considering other commercial properties, including office, retail or the likes.

Our immediate impetus is on Apartment quality real estate to add to our current portfolio and are in negotiations on properties at this time.

Minimum Investment is $250,000 with a max of $10M by any one investor or LLC.

The hold time is the same a previous funds, (ten years with discretion to extend term) to avoid selling into soft markets.

We are very excited about this fund and the opportunities that will reveal themselves due to the recent shutdown in America. We believe this will allow Mr. Cardone and team to find some great investment opportunities for Cardone Capital investors.