Alvaro Garduno

CINUK

• CINUK (virtuous cycle in Latin) was founded in 2017 and is a vertically integrated real estate platform (fund raising, land purchase, conceptualization, development, construction management, commercialization and operations) focused in urban development in Mexico and the United States. • Our mission is to transform spaces in experiences that transcend. • Our culture focuses on people development by creating lasting experiences and relationships. •Our Values: o PASSION: We enjoy what we do and have fun while doing it. o ADAPTABILITY: We are creative and constantly reinvent ourselves. o TEAM WORK: We strengthen one another and value diversity. o RESULTS ORIENTED: We do whatever is needed to meet and exceed our objectives, always acting with integrity. • The partners of CINUK have wide experience in real estate in Mexico. - Investing, developing (direct or indirectly), financing, selling and leasing more than 39,000 residential lots, 10,800 housing units, and 245,000 m2 of commercial GLA. - Managing institutional capital and private funds for a total equity raised of US$1.35 billion and total invested capital of US$2.5 billion. • Currently investing and developing assets of CINUK's first and second investment funds with total equity committed by private investors for US$200 million (+US$450 million of total estimated investments). - Portfolio of nine projects in three cities (CDMX, Puebla and Guadalajara) that represent 2,200 condos, 125,000 m2 of commercial GLA and 620,000 m2 of construction. • Investment Strategy for Mexico: - High component of for-sale residential within mixed-use communities, in the middle and middle-high segment, in the main cities of the country - Supported by Mexico's demographics, housing deficit and the verticalization of main cities - Condos and lot development - Selective investment in retail centers, urban business class hotels and corporate offices - Strategic land contributions