THREE BULLS LEGEND FUND II

Rebuilding the housing infrastructure of historic American communities.

A value-add income and HPA (home price appreciation) workforce housing strategy combining disciplined real estate investing, vertically integrated operations and technology-enabled execution.

PLATFORM SNAPSHOT

Built on operating experience. Measured by results.

0%Portfolio Occupancy
0%Resident Renewals
0Jobs Created
$0MEconomic Output
THE MILL TOWN THESIS™

Housing demand where capital has been scarce.

We focus on historic Southeastern mill towns with existing infrastructure, attainable housing costs, durable resident demand and the potential to benefit from renewed domestic investment.

Neighborhood-level concentration can create operating density, improve oversight and deepen local market knowledge.

THEMILL TOWNTHESIS
Existing Infrastructure Attainable Basis Durable Demand Operating Density
THE OPERATING SYSTEM

One disciplined process. Repeated across every investment.

01

Source

Local relationships, direct acquisitions, brokers and market intelligence.

02

Underwrite

Neighborhood analysis, property scoring and downside-focused underwriting.

03

Execute

Standardized renovations, procurement and controlled project management.

04

Operate

Integrated management focused on occupancy, resident experience and performance.

05

Scale

Apply operating knowledge and infrastructure across concentrated markets.

THE THREE BULLS PLATFORM

Designed to control the variables that drive performance.

01

Market Intelligence

Geographic specialization and local knowledge help us evaluate neighborhoods beyond surface-level statistics.

Market-specific acquisition criteria
02

Construction Operations

Internal construction capabilities, centralized standards and procurement support cost and quality control.

Standardized renovation playbooks
03

Property Management

Integrated management connects resident service, leasing, maintenance and asset-level decisions.

Direct operating visibility
04

Technology Infrastructure

AI-assisted analysis, workflow automation and centralized data systems increase speed, consistency and leverage.

Technology-enabled execution
HOW THE EDGE WAS BUILT

37 years of experience. One platform built to scale.

Three Bulls did not begin with a fund structure. The platform developed over decades through neighborhood revitalization, ownership, global operating experience, market testing, concentrated investing and vertically integrated execution.

ERA 01
FOUNDATION 1989–2005

Introduction to Urban Revitalization

Early exposure to neighborhood revitalization in Grant Park and the City of Atlanta.

1989 Atlanta and Grant Park urban revitalization visual

Atlanta Real Estate Investing Begins

A co-founder begins investing in Atlanta real estate and building practical ownership experience.

2000 Atlanta real estate investing visual
ERA 02
GLOBAL PERSPECTIVE 2006–2015

Global Architecture Platform

A co-founder launches a global architecture firm in Shanghai.

2006 Shanghai global architecture visual
ERA 03
THESIS DEVELOPMENT 2016–2020

Initial Market Entry

Early acquisitions and development of local market knowledge.

2016 initial market entry visual

Portfolio Expansion, Test Projects and Planning

Increased concentration across targeted workforce-housing neighborhoods.

2018 portfolio expansion visual
ERA 04
PLATFORM 2021–TODAY

Georgia Legend Fund

Launch of Fund I and the proof of the investment thesis begins.

2021 Georgia Legend Fund visual

Integrated Operations

Expanded construction and property-management infrastructure.

2023 integrated operations visual

Measured Community Impact

Formal analysis of employment creation and local economic activity.

2025 measured community impact visual
LEGEND FUND II

The platform becomes scalable.

Extending the strategy through a larger, technology-enabled investment platform.

2026 Legend Fund II visual

Before we invest in a neighborhood,

We run it.
We analyze it.
We meet its leaders.
We understand its residents.
We invest for the long term.

LEGEND FUND II

Learn more about the strategy, platform and investment process.

Request Fund Information →

Materials are available only as permitted under applicable securities laws.

Important Legal Information and Metric Definitions

No public offering or solicitation. This website is provided for general informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, a recommendation, or an invitation to indicate interest in any security or investment vehicle. Three Bulls Legend Fund II LLC ("Legend Fund II" or the "Fund") is intended to be offered only in accordance with applicable securities laws and only through appropriate private offering procedures.

Definitive offering documents control. Any investment in Legend Fund II will be made solely pursuant to the Fund's confidential private placement memorandum, limited liability company agreement, subscription documents and other definitive offering materials, as applicable, and only by investors who satisfy the eligibility requirements described in those documents. If any statement on this website is inconsistent with the definitive offering documents, the definitive offering documents control. Website content should not be relied upon as the basis for an investment decision.

Private-access materials. The Fund II investor portal and data room are intended solely for current investors, authorized representatives and other persons to whom access has been specifically provided by Three Bulls. Access to a data room, presentation, diligence material or other private information does not itself constitute an offer, acceptance of a subscription, or confirmation that any person is eligible to invest.

Fund II is distinct from prior funds and platform history. Historical operating information, case studies, community-impact information, portfolio statistics, photographs, market observations and prior-fund experience shown on this page may relate to Georgia Legend Fund I, affiliated entities, predecessor activities or the broader Three Bulls operating platform. Such information is provided to illustrate experience and operating capabilities and should not be interpreted as the historical performance of Legend Fund II or as an assurance that Legend Fund II will achieve similar results.

Platform snapshot metrics. The portfolio occupancy, resident-renewal, jobs-created and economic- output figures shown on this page are historical platform or prior- portfolio metrics based on management records and/or the methodologies used for the applicable underlying analysis as of the relevant measurement dates. They are not Fund II returns, projections, guarantees or promises of future operating performance and may not be directly comparable with metrics reported by other investment managers.

Occupancy. The reported approximately 95% portfolio occupancy figure is a historical operating measure for the referenced portfolio and is not a forecast for Legend Fund II. Occupancy is a point-in-time measure that may fluctuate because of leasing activity, turnover, renovation schedules, resident payment performance, casualty events, local economic conditions, property dispositions and other factors.

Resident renewals. The reported approximately 90% resident-renewal figure is based on management records and management's methodology for the referenced historical portfolio and measurement period. Definitions, populations, exclusions and measurement periods may differ from those used by other operators. This metric does not guarantee future occupancy, collections, resident satisfaction, operating margins or investment performance.

Jobs created and economic output. References to approximately 61 jobs created and approximately $13 million of economic output are historical community-impact estimates associated with prior Three Bulls activity and are not Fund II investment returns. Economic-impact calculations depend on methodology, assumptions, data availability and the period analyzed, and should not be interpreted as audited financial results, independent investment performance, or a guarantee of future community outcomes.

Strategy and market thesis. References to the Mill Town Thesis™, workforce housing, historic Southeastern communities, operating density, attainable basis, domestic investment, local demand, market intelligence and similar concepts describe the Manager's current investment philosophy and intended approach. Market conditions, available investment opportunities and portfolio construction may differ from current expectations, and the Fund is not required to acquire any particular asset, number of assets or geographic mix unless expressly provided in the definitive offering documents.

Operating platform and vertical integration. Descriptions of sourcing, underwriting, construction, property management, technology, artificial intelligence, workflow automation, centralized data, procurement and other operating capabilities describe processes and resources available to the Three Bulls platform. No representation is made that every investment will use every capability, that such capabilities will eliminate operational risk, or that vertical integration will produce superior investment results.

Historical experience and selected examples. The timeline, property examples, photographs, construction outcomes, prior projects and other illustrations are selected examples and may not be representative of every investment, project, period, loss, delay, cost overrun, adverse event or operating result experienced by Three Bulls, its affiliates or prior investment vehicles. No assurance is given that similar outcomes will occur in Legend Fund II.

Target returns and other forward-looking information. To the extent any Fund II materials reference target returns, preferred returns, capitalization rates, leverage, cash distributions, holding periods, portfolio size, unit counts, deployment timing, stabilization periods, exit values or other anticipated economics, such information is hypothetical, forward-looking and based on assumptions that may not be realized. Targets are not guarantees, promises or projections of actual investor returns. Actual results may differ materially, including the possibility of partial or complete loss of invested capital.

Forward-looking statements. Statements concerning strategy, market opportunity, potential acquisitions, redevelopment, expected demand, operating improvements, scalability, technology, investment outcomes or future conditions may constitute forward-looking statements. Such statements are based on current assumptions, estimates and expectations that may prove incorrect. Three Bulls undertakes no obligation to update forward- looking statements except as required by law.

Tax considerations. References in any Fund II material to depreciation, bonus depreciation, pass-through treatment or other tax attributes are general and informational only. Tax consequences depend on then- current law, the Fund's structure, asset classification, taxable income, passive-activity limitations, holding periods, basis, recapture and each investor's individual circumstances. No tax benefit is promised, projected or guaranteed. Prospective investors should consult their own legal, tax and accounting advisers.

Risk of loss and illiquidity. Investments in private real estate funds involve substantial risks, including possible loss of principal, limited liquidity, restrictions on transfer, occupancy and collection risk, changes in property values, financing and interest-rate risk, leverage, construction and renovation risk, environmental matters, casualty and severe-weather events, insurance availability and cost, local-market concentration, regulatory and tax changes, litigation, counterparty risk and other risks described in the Fund's definitive offering documents.

No current valuation representation. Nothing on this website should be interpreted as a representation of the current fair market value of any prior portfolio, Fund II asset or prospective investment. Historical acquisition prices, appraisals, renovation costs, capitalization rates, rent levels or operating metrics may no longer be current and may not reflect realizable value.

No warranty; no fiduciary or advisory relationship. Information is derived from sources management believes to be reliable, but no representation or warranty, express or implied, is made as to accuracy, completeness or continuing applicability. Use of this website does not create a fiduciary, investment-advisory, legal, tax, accounting or other professional relationship. Prospective investors should conduct their own diligence and consult their own professional advisers.