US Masters Residential Property Fund : Video Update - 2021 Q3 Report

US Masters Residential Property Fund (Fund)

ASX Code: URF

Video Update - Q3 2021

18 November 2021

onlyuseThe Fund has recorded a video update to accompany the Q3 2021 Quarterly Report for the period ending 30 September 2021. A copy of the presentation and a link to the video update is below.

This update is available on the Fund's website and investors who have elected to receive email updates from the Fund will also be emailed a
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link to the video.
Ple se click herefor the video update.
For further information contact:
Investor Relations
Ph: 1300 027 055
E: [e-mail]
	US Masters Residential Property Fund is the first Australian-listed entity with the primary strategy of investing in the US residential property market. Its portfolio comprises freestanding and multi-
	dwelling properties in the New York metropolitan area.	1
	Level 15, 100 Pacific Highway, North Sydney, 2060 |www.usmastersresidential.com.au| [e-mail]	| T 1300 027 055 | F 1300 883 159

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Q3 2021 Fund Update

18 November 2021

Disclaimer

This presentation is prepared by the US REIT, and is authorised for release by E&P Investments Limited (ACN 152 367 649 | AFSL 410 433) (Responsible Entity) as the Responsible Entity for the US Masters Residential Property Fund (ARSN 150 256 161) (Fund).

onlyThis presentation may contain general advice. Any general advice provided has been prepared without taking into account your objectives, financial situation or needs. Before acting on the advice, you should consider the appropriateness of the advice with regard to your objectives, financial situation and needs. Past performance is not a reliable indicator of future performance. All figures in this presentation are in AUD unless stated otherwise.

This presentation may contain statements, opinions, projections, forecasts and other material (forward looking statements), based on various assumptions. Those assumptions may or may not prove to be correct. Neither E&P

useInvestments Limited, the US REIT or their advisers (including all of their respective directors, consultants and/or mployees, related bodies corporate and the directors, shareholders, managers, employees or agents of any of them)

(Parties) make any representation as to the accuracy or likelihood of fulfilment of the forward-looking statements or any of the assumptions upon which they are based. Actual results, performance or achievements may vary materially from any projections and forward looking statements and the assumptions on which those statements are based. Readers are cautioned not to place undue reliance on forward looking statements and the Parties assume no obligation to update that information.

The Parties give no warranty, representation or guarantee as to the accuracy or completeness or reliability of the information contained in this document. The Parties do not accept, except to the extent permitted by law, responsibility for a y loss, claim, damages, costs or expenses arising out of, or in connection with, the information contained in this presentation. Any recipient of this presentation should independently satisfy themselves as to the accuracy of all information contained in this presentation.

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COVID-19 Update

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Quarterly Closed 1 - 4 Family Sales

Millions	$45										•
$40								$41
	$35
							$34
	$30										•
	$25
onlyUSD							$25
	$20
			$21	COVID-19
										•
						impacted
	$15		$16		volume				$16
	$10				$12	$13
use
		$5
		$4
		$0
		Q3 2019	Q4 2019	Q1 2020	Q2 2020	Q3 2020	Q4 2020	Q1 2021	Q2 2021	Q3 2021
	S urce: US REIT. Data as at 30 September 2021. Historical performance is not a reliable indicator of future performance.
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During Q3 2021, the Fund settled US$16.4 million across eight transactions.

At the end of the quarter, the Fund had US$1.1m in properties under contract for sale.

Following the end of the quarter, the Fund closed on the sale of the final Essex County asset, and entered contract on two large- scale townhomes for a combined value in excess of US$14m.

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