Experienced. Proven. Invested. The RISE way of investing in Real Estate.

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1 Experienced. Proven. Invested. The RISE way of investing in Real Estate.

2 DISCLAIMERS This communication is for information purposes only and is not, and under no circumstances is to be construed as, an invitation to make an investment in RISE Properties Trust. Risks. Investing in the REIT Units involves significant risks. There is currently no secondary market through which the REIT Units may be sold and there can be no assurance that any such market will develop. The recovery of an initial investment is at risk, and the anticipated return on such an investment is based on many performance assumptions. Although RISE Properties Trust intends to make regular distributions of its available cash to Unit holders, such distributions may be reduced or suspended. In addition, the market value of the REIT Units may decline. It is important for an investor to consider the particular risk factors that may affect the industry in which it is investing. There can be no assurance that income tax laws and the treatment of mutual fund trusts will not be changed in a manner which adversely affects RISE. Please refer to the RISE Properties Trust Offering Memorandum for a further discussion of the risks of investing in the REIT. The REIT Units are not deposits within the meaning of the Canadian Deposit Insurance Corporation Act (Canada) and are not insured under the provisions of that act or any other legislation. Past Performance May Not Be Repeated. There is no guarantee of performance. An investment in a REIT is not intended as a complete investment program and should only be made after consultation with independent investment and tax advisors. Only investors who do not require immediate liquidity of their investment should consider a potential purchase of Units. Forward Looking Statements. Certain statements contained in this presentation may constitute forward-looking statements which reflect the Trust s current expectations and projections about future results. Often, but not always, forward-looking statements can be identified by the use of words such as plans, expects or does not expect, is expected, estimates, intends, anticipates or does not anticipate, or believes, or variations of such words and phrases or state that certain actions, events or results may, could, would, might or will be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Trust to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

3 A BETTER WAY TO INVEST IN REAL ESTATE. RISE Properties Trust is a publicly-offered non-traded Canadian REIT focused on the US multifamily sector with initial acquisitions in the Greater Seattle area. RISE acquires under-performing assets and our fully integrated organization allows us to capture maximum value through in-house acquisitions, development, repositioning s, management and conversions. GROWTH IN PROPERTY VALUE Comprehensive Physical & Economic Due Diligence Thoughtful Renovation & Repositioning 3Hold for Market Gains & Operational Improvements 4Opportunistic Condo Conversions of Select Properties Timed with Market Demand TIME

4 YOUR MANAGEMENT TEAM; EXPERIENCED LEADERS. RISE senior management has over 80 years experience. They pride themselves on an irrational pursuit of excellence and celebrate their complimentary skill sets. DAVE KIRZINGER Principal, 5+ years experience Responsible for all property ACQUISITIONS/FINANCE. Received his MBA from Stanford University, held leadership positions at Trammell Crow, Avalon-Bay, Intrawest, Belkorp and MOSAIC. GARY BLAKESLEE Principal, + years experience Responsible for all REDEVELOPMENT. Graduated from California State University and has worked for Avalon-Bay, Harbor Properties, and Opus. KARI ANDERSON Principal, 7+ years experience Responsible for all PROPERTY MANAGEMENT. Ms. Anderson has worked at Trammell Crow, Equity Residential, and Investco. She was the founding president of the Washington Apartment Association. ROSE O DELL Principal, 0+ years experience Responsible for all OPERATIONS. Ms. O Dell has worked for Indigo Real Estare and earned a Master s in Business Administration and a Bachelor s in Finance from Seattle University.

5 PROVEN AND INVESTED Over 80 Years of Experience. Track Record. Have assembled profitable rental portfolios totaling 0,000+ APARTMENTS 3 4 Invested. The RISE mgmt team currently owns RISE units. Well Connected. Well Regarded. ±$.4M of ~50% of transactions not listed. 5 Vertical Integration Acquisitions, redevelopment & management are all handled in house.

6 PORTFOLIO SUMMARY PROJECT: BENTLEY HOUSE LOCATION: Issaquah, WA UNITS: 47 DATE ACQUIRED: June, 0 TOTAL COST: $5,038,665 CURRENT VALUE: $0,400,000 PROJECT: STATION NINE LOCATION: Lynnwood, WA UNITS: 6 DATE ACQUIRED: December, 0 TOTAL COST: $7,648,87 CURRENT VALUE: $,600,000 PROJECT: STATION AT MILL CREEK LOCATION: Mill Creek, WA UNITS: 46 DATE ACQUIRED: October, 03 TOTAL COST: $7,43,396 CURRENT VALUE: $9,000,000 PROJECT: NORTHLINE LOCATION: Seattle, WA UNITS: DATE ACQUIRED: October, 04 TOTAL COST: $4,93,935 CURRENT VALUE: $7,600,000 PROJECT: BORGATA LOCATION: Renton, WA UNITS: 83 DATE ACQUIRED: October, 04 TOTAL COST: $8,49,649 CURRENT VALUE: $0,400,000 PROJECT: STARBOARD LOCATION: Kirkland, WA UNITS: 80 DATE ACQUIRED: February, 05 TOTAL COST: $6,37,906 CURRENT VALUE: $5,960,000 Total Cost (USD) = purchase price + aquisition & repositioning cost to date Appraised Value as of June 30th, 05 (USD)

7 EXCITING DEVELOPMENTS 6 historical residences. Former United States Army installation. Over 9 acres within Discovery Park, a 534-acre park in Seattle s Magnolia neighborhood. Just minutes from downtown Seattle. Unobstructed views of Puget Sound and the Olympic Mountains (Officer s Row). Constructed in 904 and 905 in the Colonial Revival Style, each structure is listed on the National Register of Historic Places. RISE intends to extensively renovate the homes and list them as for-sale product Summer 05 taking advantage of the improving Seattle housing market. O F F I C E R S R O W H O M E S A T F O R T L A W T O N M O N T A N A C I R C L E H O M E S A T F O R T L A W T O N

8 WHY SEATTLE? GEOGRAPHIC BARRIERS TO GROWTH 60,000+ NEW JOBS IN THE LAST YEAR

9 WHY APARTMENTS? Apartments offer the highest returns and the lowest volatility. NCREIF 0 Year Returns by Sector 99-0 NCREIF 0 Year Volatility by Sector 99-0 APARTMENTS 9.70% APARTMENTS 8.50% HOTELS 9.00% HOTELS 8.50% RETAIL 8.70% RETAIL 9.40% INDUSTRIAL 8.30% INDUSTRIAL.0% OFFICE 8.00% OFFICE.50% 5% 6% 7% 8% 9% 0% 6% 7% 8% 9% 0% % % 3%

10 FAVOURABLE DEMOGRAPHICS Echo Boomer (Born in the 980 s or 990 s) Growth in population aged 8 to 34 - the group with the highest propensity to rent, or Echo Boomers - is resuming after two decades of decline. The echo boomer population is projected to peak in 00 and will be equal in size to the Baby Boom (~80 million). According to the U.S. Census Bureau, U.S. household formations averaged.35 million from 000 to 006. During the great recession (007 to 0) household formations averaged 550,000. This suggests potential pent up demand of 4 million new households. More stringent mortgage underwriting, increased student debt and the recent memory of a collapsed housing market has increased the Echo Boomer s propensity to rent. With approximately 4 million households in the U.S., every % decline in home ownership is equal to. million units of additional rental demand. Echo Boomers 0-34 Years Old in Seattle (000-06) 900, , , , ,000 50,000 + Educated Strong Salaries High Propensity To Rent 650, ,

11 NEW MARKET SUPPLY Source: Dupre + Scott Apartment Advisors - The Apartment Advisor Absorb This 05

12 RISE BY THE NUMBERS PERFORMANCE TO DATE - 06/30/05 3 Mo. YTD Yr. 3 Yrs. Since Inception, 4.56%.5% 0.%.64% 6.48% Assumes all dividends reinvested under DRIP program. PORTFOLIO SUMMARY CAPITAL STRUCTURE PROFILE (USD) Properties 8 Total Debt $93,34,709 Units 5 Total Equity $66,447,670 Total Fund Value $59,68,379 Annualized Returns, Net of Fees. Formed January 4, 0, first units sold ( Inception Date ) March 5, 0

13 For More Information Please Contact: Matt Berg P E MattB@riseproperties.ca