SUPPLEMENTAL INFORMATION PACKAGE THIRD QUARTER 2018 SEPTEMBER 30, 2018

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1 FIRM CAPITAL AMERICAN REALTY PARTNERS CORP. CAPITAL PRESERVATION DISCIPLINED INVESTING SUPPLEMENTAL INFORMATION PACKAGE THIRD QUARTER 2018 SEPTEMBER 30, 2018

2 INVESTMENT STRATEGY Firm Capital American Realty Partners Corp. (the Company ) is a U.S. focused real estate investment entity that pursues real estate and debt investments through the following platforms: Income Producing Real Estate Investments: Acquiring income producing real estate assets in major cities across the United States. Acquisitions are completed solely by the Company or in joint-venture partnership with local industry expert partners who retain property management responsibilities; and Mortgage Debt Investments: Real estate debt and equity lending platform in major cities across the United States, focused on providing all forms of bridge mortgage loans and joint venture capital. SHAREHOLDER VALUE CREATION Increased Earnings: $4.1 million net loss to +$1.7 million net income $2.11 net loss per share to $0.28 EPS $1.0 million negative AFFO to +$0.2 million AFFO 3 negative AFFO/share to +$0.04 AFFO per share Strong Investment Portfolio Performance: Net Rental Income: Increased to $0.6 million Equity Investment Income: nil to $0.7 million Operating Expenses: 62% decline to $0.6 million Finance Costs: 63% decline to $0.7 million Strong Balance Sheet and Capitalization: Multi-Family: +$6.0 million increased valuation Equity Investments: nil to $23.0 million Single Family Homes: Sold $36.1 million Senior Secured Notes: Fully Repaid! New Jersey Notes: Fully Repaid! Convertible Debentures: Reduced to $6.7 million Shareholders Equity: +100% increase to $50.9 million Leverage: De-Levered Retained Portfolio to 26.8% +31.4% Increase Since Inception High Returning Value-Add Initiatives: $0.95 million in value-add equity investments have generated +45% annualized rent increases REPORTED NAV & DIVIDENDS PER SHARE ($0.46/unit per annum) $ $ $ $ $ $7.85 $7.95 $8.00 $8.10 $8.31 Q3/2017 Q4/2017 Q1/2018 Q2/2018 Q3/2018 NAV/Share Dividend /Share Firm Capital American Realty Partners Corp. Q3/2018 Page 2

3 DIVERSIFIED PORTFOLIO NEW YORK $37.7 NEW YORK Properties Units Loan Value $19.5 CONNECTICUT $37.0 NEW JERSEY $18.7 MARYLAND $13.7 TEXAS Properties Units Assets Value FLORIDA $ $25.0 Real Estate Investments Mortgage Investments Firm Capital American Realty Partners Corp. Q3/2018 Page 3

4 QUARTERLY NET INCOME, FFO & AFFO $1.8 $1.4 $1.7 $0.1 $0.2 $0.3 $0.1 $0.2 $0.2 $0.2 ($1.2) ($1.0) ($1.0) ($1.0) ($1.4) ($1.0) ($2.6) ($2.6) ($4.1) Net Income/(Loss) FFO AFFO QUARTERLY EPS, FFO/SHARE & AFFO/SHARE $0.03 $0.34 $0.03 $0.23 $0.28 ($0.13) ($0.05) ($0.07) ($0.70) ($0.76) ($1.31) ($2.11) EPS FFO/Share AFFO/Share Firm Capital American Realty Partners Corp. Q3/2018 Page 4

5 NET RENTAL INCOME AND INCOME FROM EQUITY & PREFERRED CAPITAL INVESTMENTS $2.4 $0.4 $0.2 $0.7 $0.0 $0.2 $0.1 $0.6 $0.7 $0.9 $1.0 $0.2 $0.3 $0.4 $0.6 $0.3 Net Rental Income Income From Equity and Preferred Capital Investments QUARTERLY EXPENSES $1.2 $1.1 $1.2 $0.9 $0.7 $0.6 $0.4 $0.4 $0.6 $0.7 $1.6 $1.6 $0.4 $0.4 $0.4 $1.5 $1.5 $0.4 $1.3 $1.0 $1.1 $0.7 $0.7 $0.7 $0.6 ($0.1) Operating Expenses G&A and Professional Fees Finance Costs Firm Capital American Realty Partners Corp. Q3/2018 Page 5

6 INVESTMENT PORTFOLIO COMPOSITION $6.3 $4.3 $3.8 $3.7 $43.2 $41.3 $37.9 $34.9 $7.9 $5.4 $9.2 $29.0 $25.4 $22.3 $6.1 $7.2 $7.2 $8.9 $3.5 $16.0 $16.1 $2.5 $12.6 $12.7 $3.1 $3.1 $3.5 $14.4 $11.6 $8.3 $2.5 $2.5 $2.0 $21.0 $23.3 $23.0 $37.8 $37.9 $38.5 $39.4 $40.6 $41.6 $41.9 $42.1 $42.7 $42.9 $42.9 $43.9 Q4/2015 Q1/2016 Q2/2016 Q3/2016 Multi-Family Investments Q4/2016 Q1/2017 Q2/2017 Q3/2017 Joint Venture Investments Q4/2017 Q1/2018 Q2/2018 Q3/2018 Preferred Capital Investments Single Family Homes Cash & Other Assets INVESTMENT PORTFOLIO CAPITALIZATION $18.9 $18.9 $18.8 $18.8 $19.5 $15.8 $16.0 $16.1 $25.4 $28.1 $26.6 $25.1 $18.8 $18.8 $18.7 $18.7 $16.3 $16.4 $16.6 $12.8 $34.7 $34.5 $40.3 $40.2 $18.7 $22.6 $22.5 $18.9 $12.1 $10.1 $7.9 $6.7 $48.7 $48.5 $49.6 $50.9 Shareholders' Equity Convertible Debentures Other Liabilities NJ Promissory Note Senior Secured Notes Mortgage Debt Firm Capital American Realty Partners Corp. Q3/2018 Page 6

7 RETAINED PORTFOLIO QUARTERLY RESULTS $3.1 $2.4 $2.2 $1.5 $1.6 $1.6 $1.6 $1.0 $1.3 $1.0 $0.6 Net Rental Income Income From Equity and Preferred Capital Investments Fair Value Adjustments RETAINED PORTFOLIO COMPOSITION VS. LEVERAGE (%) (in $US) 28.0% 27.0% 26.8% $70,000, % 29.9% 30.2% 27.0% 25.4% $60,000,000 $50,000, % 39.7% 38.8% 37.9% $40,000,000 $30,000,000 $20,000,000 $10,000,000 Multi-Family Investments Joint Venture Investments Preferred Capital Investments $- Firm Capital American Realty Partners Corp. Q3/2018 Page 7

8 DETAILED INVESTMENT PORTFOLIO & HISTORICAL OCCUPANCY Region Units Address City State Interest Q3/2018 Q2/2018 Q1/2018 Q4/ 2017 Q3/2017 Multi-Family Investment Portfolio Summerfield NW 84th Ave Sunrise Florida 100% 97.4% 96.1% 99.3% 94.1% 94.8% South Congress Commons W Alpine Rd Austin Texas 100% 97.1% 98.5% 94.1% 94.1% 92.6% The Enclave W Stassney Ln Austin Texas 100% 94.4% 95.6% 94.4% 94.4% 100.0% Total / Weighted Average % 96.8% 96.6% 96.8% 94.2% 95.8% Joint Venture Investments Central Harlem Portfolio th Ave New York New York 22.8% 95.0% 95.0% 85.0% 80.0% 85.0% West 149 New York New York 22.8% 88.0% 92.0% 76.0% 84.0% 88.0% West 159 New York New York 22.8% 100.0% 100.0% 100.0% 100.0% 90.9% West 159 New York New York 22.8% 100.0% 83.3% 100.0% 100.0% 100.0% West 159 New York New York 22.8% 90.0% 85.0% 95.0% 95.0% 100.0% West 159 New York New York 22.8% 95.0% 100.0% 95.0% 95.0% 90.0% West 159 New York New York 22.8% 90.0% 90.0% 80.0% 90.0% 90.0% West 159 New York New York 22.8% 90.9% 90.9% 100.0% 100.0% 100.0% Total / Weighted Average % 93.0% 92.2% 89.9% 91.3% 92.1% Capitol Square th Street Brentwood Maryland 25% 94.0% 96.6% 95.7% 85.2% 83.5% Bridgeport Portfolio East Main Bridgeport Connecticut 30% 95.7% 93.5% 95.7% 100.0% 100.0% Putnum Bridgeport Connecticut 30% 100.0% 88.9% 83.3% 100.0% 100.0% Berkshire Bridgeport Connecticut 30% 100.0% 100.0% 95.8% 79.2% 83.3% Fairfield Avenue Bridgeport Connecticut 30% 84.0% 84.0% 84.0% 100.0% 100.0% Barnum Avenue Bridgeport Connecticut 30% 94.1% 88.2% 76.5% 94.1% 100.0% Main Street Bridgeport Connecticut 30% 83.8% 83.2% 78.2% 83.8% 93.9% Norman Street Bridgeport Connecticut 30% 89.3% 60.7% 71.4% 78.6% 85.7% Iranistan Avenue Bridgeport Connecticut 30% 100.0% 89.3% 82.1% 96.4% 100.0% Price Street Bridgeport Connecticut 30% 94.1% 100.0% 100.0% 94.1% 88.2% Park Street Bridgeport Connecticut 30% 94.4% 94.4% 100.0% 94.4% 100.0% Granfield Avenue Bridgeport Connecticut 30% 100.0% 93.3% 100.0% 100.0% 93.3% Granfield Avenue Bridgeport Connecticut 30% 100.0% 94.1% 94.1% 88.2% 100.0% Hancock Avenue Bridgeport Connecticut 30% 93.3% 100.0% 93.3% 100.0% 100.0% Hancock Avenue Bridgeport Connecticut 30% 100.0% 86.7% 80.0% 73.3% 93.3% Total / Weighted Average % 90.9% 87.0% 84.7% 89.2% 95.0% Irvington Portfolio Linden Avenue Irvington New Jersey 50% 96.6% 100.0% 100.0% N/A N/A Clinton Avenue Irvington New Jersey 50% 96.8% 100.0% 100.0% N/A N/A Stuyvesant Ave Irvington New Jersey 50% 100.0% 97.3% 94.6% N/A N/A Lincoln Place Irvington New Jersey 50% 100.0% 100.0% 95.8% N/A N/A Chester Avenue Irvington New Jersey 50% 100.0% 100.0% 100.0% N/A N/A Welland Avenue Irvington New Jersey 50% 92.9% 100.0% 92.9% N/A N/A Stuyvesant Avenue Irvington New Jersey 50% 97.0% 100.0% 100.0% N/A N/A Total / Weighted Average % 97.9% 99.5% 96.3% N/A N/A The Broadmoor Apartments Beechnut Street Houston Texas 50% 93.6% 94.0% 91.5% N/A N/A Total / Weighted Average % 93.2% 92.1% 89.8% N/A 92.6% Overall Total / Weighted Ave % 93.1% 91.3% 90.5% 93.6% Firm Capital American Realty Partners Corp. Q3/2018 Page 8

9 INVESTOR INFORMATION TSXV : FCA.U, FCA, FCA.WT.U 163 CARTWRIGHT AVENUE TORONTO, ON M6A 1V5 SENIOR MANAGEMENT DIRECTORS Eli Dadouch Vice Chairman, President, CEO & Director Geoffrey Bledin (Chair) Sandy Poklar Chief Financial Officer & Director Howard Smuschkowitz Joseph Fried Corporate Secretary Keith Ray Scott Reid Pat DiCapo Robert Janson Ojus Ajmera Firm Capital American Realty Partners Corp. Q3/2018 Page 9

SUPPLEMENTAL INFORMATION PACKAGE FOURTH QUARTER 2018 DECEMBER 31, 2018

FIRM CAPITAL AMERICAN REALTY PARTNERS CORP. CAPITAL PRESERVATION DISCIPLINED INVESTING SUPPLEMENTAL INFORMATION PACKAGE FOURTH QUARTER 2018 DECEMBER 31, 2018 INVESTMENT STRATEGY Firm Capital American Realty