Simple Life Real Estate Opportunity Fund, LLLP

• Supply of affordable age-friendly housing is severely constrained.

• Over 30 million Baby Boomers are expected to downsize or relocate in the next decade.

• Over 10,000 Baby Boomers retire daily, with a significant number relocating to the Southeast for affordability and quality of life.

• Single person households are the fastest growing household segment representing 29% of total households.

• The Asheville, NC and Greenville-Anderson, SC MSAs are top retirement destinations due to climate, healthcare, and cost of living.

Simple Life Business Model

• Solves the home affordability gap of Boomers/Gen X

• Communities strategically located in lifestyle-rich areas - near medical care, retail, and transit

• Fully amenitized, lifestyle-focused communities

• 40–70 acre sites, 200–400 leasable lots.

Simple Life's Five Branded Communitites in Western NC and Upstate SC Will Feature:

• Lot lease model (residents own homes, lease land)

• Age-targeted community design (walkability, amenities, low-maintenance infrastructure)

• High quality factory produced homes, built off-site, to high design and quality standards

• Homes offered at prices below current housing prices - $119,00-$239,000

Real Estate Sector Comparison: Return on Cost, Exit Cap Rate, Yield Spread, Annual Returns, Sharpe Ratio

The Sharpe Ratio is a risk-adjusted return metric used to compare the performance of different investments by measuring how much excess return an investment generates for each unit of risk taken - a higher ratio indicates a better risk-adjusted return. The figures described above concerning Simple Life's Return on Cost and Exit Cap Rates are management's best estimates on the Fund's operating metrics and not an indication or projection of individual investment performance.

Certain charts and other data presented herein have been compiled with the assistance of artificial intelligence. The prompts and data sources for such information are available in the diligence data room for this Offering.

Financial Highlights

• Manufactured housing is generally accompanied by higher projected returns relative to other real estate asset sectors

• 3 expected continuing sources of income, starting 2027

• 10% preferred return + full return of invested capital returned before Sponsor/GP then receives 30% of additional net cash flow

• Portfolio underwritten at a 15% return on cost – above market relative to other real estate projects

Competitive Advantage

• Vertically integrated enterprise platform, track record, and extensive experience in developing factory-build custom housing communities

• Simple Life’s solution to bridge the affordability gap via lower home prices ($119,000-$239,000) and the use of a lot lease business model

• Strategic locations in proximity to key amenities – shopping, recreation, healthcare

Simple Life is constantly pursuing potential land acquisitions that can be developed into high-performing, attainable cottage home communities. Their primary site selection criteria are shown below:

Each prospective development site is evaluated and ranked for its relative fit within their areas of focus shown in the following slide. Three of the five projects targeted by this fund are already under contract.

A more detailed description of the Sponsor Diligence Processes can be found in the Due Diligence Room.

Simple Life follows a rigorous, repeatable process to identify, secure, and develop land into high-performing, attainable communities. This framework reduces risk during each phase, aligns with market demand, and supports investor confidence in long-term returns.

A more detailed description of the Sponsor Diligence Processes can be found in the Due Diligence Room.

Vertically integrated enterprise platform, deep experience developing factory-built housing communities, and proven “rinse & repeat” execution process. Simple Life will develop five affordable, highly amenitized tiny home gated communities in key markets in Western NC and SC where the targeted demographic population is migrating and increasing unmet demand.

Key Milestones

• Experience gained through 2 successfully completed Simple Life projects in North Carolina

• 3 of the 5 sites under contract with the first closing scheduled for June 2025, targeting 1,100+ lots

• Enhancement of the Simple Life “Enterprise” platform over the last 2 years of $1 million+ to increase its ability to scale and efficiently develop new communities utilizing a “rinse and repeat” process

• Bridging the affordability gap via the combination of lower land costs, lower development costs and smaller home footprints, lot lease business model, and Simple Life’s wholesale buying power

Past performance is not a guarantee of future results.

Business model = 3 Revenues (Gross Total)

The preceding financial projections along with the performance estimates described on the following page reflect the Company’s best estimated forecasts and are not guaranteed to be accurate. The timing of performance is estimated post-funding. These figures are forward-looking statements and reflect the Company’s views about various future events or expectations. These figures take into account known and unknown risks, uncertainties and other factors and assumptions which may cause the Company’s actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by this forward-looking financial projection. Please see the note regarding forward-looking statements. And the “Risk Factors – Summary” for more information about the risks related to these projections. Additional details are available in the data room for further review.

The preceding financial projections along with the performance estimates described on the following page reflect the Company’s best estimated forecasts and are not guaranteed to be accurate. The timing of performance is estimated post-funding. These figures are forward-looking statements and reflect the Company’s views about various future events or expectations. These figures take into account known and unknown risks, uncertainties and other factors and assumptions which may cause the Company’s actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by this forward-looking financial projection. Please see the note regarding forward-looking statements. And the “Risk Factors – Summary” for more information about the risks related to these projections. Additional details are available in the data room for further review.

An investment in the securities described in this Summary involves certain risks. You should carefully consider all of the following risk factors, in addition to all of the information contained in this Summary and the PPM prior to investing in the securities. The risk factors described below are not the only ones facing the Company. Additional risk factors not presently known or that are currently deemed immaterial may also impair the Company’s business operations. The Company’s business, financial condition, results of operations or prospects could be materially and adversely affected by any of these risks. If any of the following risks occur, the Company’s business, financial condition or results of operations could be seriously harmed. In such case, an investor could lose all or part of its investment.

Risks Related to Simple Life

• Changes in general business and economic conditions

• The Partnership is dependent upon key management personnel, including those of Enterprises, which may not remain during the entire term of the Partnership

• The Projects may not generate sufficient income to make distributions

• No assurances can be given that, if developed, the Fund will be able to sell any Project

Risks related to Simple Life’s industry

• Real estate investments are speculative by nature

• Economic and regulatory changes that impact the real estate market generally may decrease the value of the Partnership’s real estate investments and weaken the Partnership’s operating results

• Investments in manufactured home communities have special risks

• The Partnership depends on the accuracy and completeness of information from third parties, and inaccuracies in such information could adversely affect profitability

Risks related to this offering

• No regulatory authority has reviewed this offering

• A Limited Partner will have no management rights or control over changes in the Partnership’s asset allocation, and will waive certain legal rights, which increases the uncertainty and risks faced by a Limited Partner

• There are Certain Conflicts of Interest between the Fund, the Asset Manager, Enterprises, and the General Partner

The list of Risk Factors above is non-exhaustive and any potential investor should review the “Risk Factors” section of the PPM for additional risks and a discussion of all risks identified therein.

This communication (the “Summary”) was prepared by Carofin, LLC (the “Placement Agent”) with information provided by Simple Life Real Estate Opportunity Fund, LLLP (the “Company”) for the sole purpose of allowing the Placement Agent to identify whether enough demand for the securities described herein exists within its investor base. No money or other consideration is being solicited, and if sent in response, will not be accepted. A person’s indication of interest involves no obligation or commitment of any kind. No offer to buy the securities can be accepted and no part of the purchase price can be received until any potential investor receives and reviews a private placement memorandum (the “PPM”) more fully describing the securities.

Additional information contained in such PPM may include, but not be limited to (i) the financial condition of the Company, (ii) the terms of the securities, (iii) the use of proceeds from the sale of the securities, (iv) the background of the Company’s management, (V) relevant litigation, (vi) certain related party transactions and conflicts of interest, and (vii) risks concerning the securities. THIS SUMMARY IS QUALIFIED IN ITS ENTIRETY BY THE CONTENTS OF THE PPM.

Please see “Important Disclosures” for other important information concerning this Summary and the securities described herein.

Caution Regarding Forward-Looking Statements

This Summary contains forward-looking statements that are based on the Company's current views and assumptions and involve a number of risks and uncertainties that could cause actual results to differ materially. These statements include, but are not limited to, projections of its operating and financial metrics. These forwardlooking statements are typically identified by terms and phrases such as "anticipate," "believe," continue," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "should," "will," and similar expressions.

These forward-looking statements, wherever they occur in this Summary, are estimates reflecting the best judgment of the management of the Company. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Forward-looking statements should, therefore, be considered in light of various important factors, including those set forth under "Risk Factors" and elsewhere in this Summary and the PPM. The Company has no obligation to revise or update any forward-looking statement for any reason.

These securities have not been registered with the Securities and Exchange Commission (the "“SEC” or the “Commission”), or with any state securities commission or any other regulatory authority. The securities are being offered in reliance upon an exemption from the registration requirement of federal and state securities laws and cannot be resold unless the securities are subsequently registered under such laws or unless an exemption from registration is available. Neither the SEC nor any other agency has passed on, recommended or endorsed the merits of this offering (this “Offering”) or the accuracy or adequacy of this Summary. Any representation to the contrary is unlawful.

These securities are offered through Carofin, LLC, Member of FINRA/SIPC. Carolina Financial Securities is an affiliate of Carofin and both Broker-Dealers are affiliates of Carolina Financial Group, LLC. Documents have been prepared by Carolina Financial Securities and have been reviewed and approved by the management of the Company. The information contained herein has not been independently verified and is dependent on information provided by the Company to Carolina Financial Securities, LLC.

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