Lone Star Residential Mortgage Fund I

Lone Star Residential Mortgage Fund I (U.S.), L.P. and Lone Star Residential Mortgage Fund I Holdings (Bermuda), L.P. (collectively, “Lone Star Residential Mortgage Fund I”), formed in December 2014, held their first and final closing in December 2014 with $1.3 billion in combined capital commitments. In keeping with Lone Star’s conservative approach to fund sizes and the slower than anticipated investment pace for this new product, effective July 1, 2016, the general partner of Lone Star Residential Mortgage Fund I agreed with limited partners to decrease commitments by half to $674 million, to cancel all future management fees, to rebate 25% of management fees already charged in recognition of the reduced fund size, and to extend the investment period by one year. Over its 48 month investment period, Lone Star Residential Mortgage Fund I invested $483.9 million of equity capital in 10 investments comprised of 8,637 assets with an aggregate purchase price of approximately $4.4 billion. Transactions consummated by Lone Star Residential Mortgage Fund I include investments in newly originated performing U.S. single family residential mortgage loans and related investments.