www.AmericanResidentialHomes.

com

AMERICAN RESIDENTIAL INCOME FUND, LP

OFFERING TYPE

Limited Partnership Units (U.S.) Trust Units (Canada)

TOTAl OFFERING SIZE

EXECUTIVE SUMMARY
The American Residential Income Fund, LP is strategically positioned to take advantage of the recent historic financial crisis in the United States and severe downturn in the residential housing market that has forced banks to foreclose on tens of thousands of homes. The U.S. economy, employment, and manufacturing are now recovering and the GDP growth is projected to be 3.2% in 2012.* The Fund will purchase homes for all cash at daily trustee sales at the Phoenix court house steps, at purchase prices substantially below their replacement costs, some as low as 50% of such cost. Our Management team analyzes over 1,000 foreclosed homes daily, selecting only a few that meet our stringent financial acquisition criteria. This Fund will raise up to $15,000,000 in equity to purchase homes using the proprietary and exclusive Trustee Foreclosure Acquisition Program (TFAP). Our experienced acquisition team utilizes a methodology developed over the last 13 years, with daily home video inspections, and full time professional bidders at the court house steps. All homes will be renovated, leased, and managed by our professional property management company using their exclusive and scalable Home Procurement System.

$15,000,000
OFFERED AT

$50,000 per unit

PREFERRED RETuRNS

7%

DISTRIBuTION OF PROFITS TO INVESTORS*

99.9%

Accredited Investors Only

*SEE POTENTIAl EXPANSION STRATEGIES

SuITABlE INVESTORS

The Funds strategy will be to invest through 2 distinct divisions:

Rental Division: Lease homes to generate a cap rate of up to 8% and hold for future appreciation. Resale Division: Purchase homes to be resold to real estate investors through our proven international network of real estate brokers. The current business model is a natural extension of the General Partners 25 year history of purchasing residential real estate, renovating, leasing and selling over 10,000 homes to home owners and international investors. The General Partner has strong relationships with Canadian real estate investors, who are constantly seeking opportunities in the U.S. This unique business model, combined with this historic downturn in the U.S. housing market, and a strong Canadian dollar, creates the opportunity for investors to earn significant preferred returns.

By utilizing cutting edge

technology, geographic hub locations & the dedicated team of Allison-Shelton management professionals, our single family home management system can scale up from 100 to 1000 homes.
Allison-Shelton Real Estate Services, AMO

GOALS OF THE FUND

1. Provide affordable housing for American families 2. Purchase quality homes in great neighborhoods 3. Purchase homes at Trustee auctions producing prices well below:

HOW THE FUND GENERATES PROFIT

Rental Division: The goal is for the homes to generate an 8% net income from rental operations. Resale Division: American Residential Realty, LP: The goal is for the sales of the homes in the short term to generate a 15% net margin. We anticipate deploying the capital at least 2 times a year through the sales of the homes. Quarterly distributions of profit.

Replacement Cost Appraisal Value MLS Prices Bank Owned Sales (REO)
*Elliott D. Pollack & Company

Vicki Allison , CPA, CPM | Principal

This brochure is for information purposes only: not an offer to sell securities. For Broker Dealer use or for potential investors if used in conjunction with the PPM.

AMERICAN RESIDENTIAL INCOME FUND, LP

INTERNATIONAL INVESTOR PROGRAM
Benefits to Canadian Investors
AMERICAN RESIDENTIAL INCOME TRUST
CANADIAN INVESTORS Trust Units

Simple Structure - Purchase Trust Units No U.S. Filing No U.S. Estate Tax Issues No withholding at Canadian Trust Level

Benefits to U.S. Investors

AMERICAN RESIDENTIAL HOLDING, LP
U.S. INVESTORS Class A LP Units

Simple Structure Purchase Class A LP Units REOC allows 100% Qualified Funds No Tax Withholding

LP Units

GENERAL PARTNER

AMERICAN RESIDENTIAL INCOME FUND, LP

GENERAL PARTNERS
Emerging Markets Exclusive Properties, LLC
www.AmericanResidentialHomes.com

Competitive Advantages
1. General Partners vast experience - 25 years in multi-family residential real estate with over $1.5 billion in transactions 2. Local Knowledge - Management team from 10 to 25 years experience in Phoenix marketplace 3. Banks are willing to dispose of single family homes at deep discounts compared to other real estate assets, i.e. apartments 4. Timing As a result of the current depressed U.S. real estate market, and especially in the Phoenix area, the General Partner believes this is a favorable time to launch the Fund and acquire real estate assets in large quantities at excellent prices 5. No debt in the Fund

Phil Carroll

Acquired and sold over 77 multi-family projects during the past 25 years Sold over 10,000 properties to investors and home owners Responsible for sales, marketing, construction and successful completion of 9 condominium conversion projects Totaling over 2,300 units and $500 million of real estate Former president of Phoenix home building company

Bob Chilton

ACqUISITION TEAM
Rick Rickert
Designer of the Proprietary Trustee Foreclosure Acquisition Program State of the art system that has purchased over 1,000 homes at the court house steps 13 years in the industry

PROFESSIONAL ADVISORS
Legal (U.S.) - Securities & Tax Attorneys
Quarles & Brady, LLP Christian J. Hoffmann, III, Securities Partner Jeffrey Fugal, Tax Partner Terrence Stein, Tax Partner

PROPERTY MANAGEMENT TEAM

Allison Shelton Real Estate Services
11,000 units under management 15 years working with the General Partner Home Procurement System - scalable management program to lease and manage homes Accredited Management Organization (AMO) Designated by the Institute of Real Estate Management Less than 10% of thousands of property management firms in the United States have this designation

Legal (Canada)

Vicki Allison

Felesky Flynn, LP - Tax Attorneys Siobhan Goguen Andrew Bateman Borden Ladner Gervais LLP - Securities & Trust Attorneys Bruce Lawrence Scott Wilson

Independent 3rd-Party Market Study

Land Advisors Organization Mike Schwab - Principal

Hocking & Reid, LLC Tax Audit Bruce Hocking

PULATED STATES IN 2030

2000 POPULATION 33,871,648 20,851,820 15,982,378 18,976,457 12,419,293 2030 POPULATION 46,444,861 33,317,744 28,685,769 19,477,429

2010 ARIZONA POPULATION: 6,392,017 2010 METRO PHOENIX POPULATION: 4,364,094

WHY PHOENIX?
% GROWTH

FASTEST GROWING STATES

STATE

PROJECTED 13,432,892 POPULATION 12,281,054 12,768,184 8,049,313 GROWTH 12,227,739 8,186,453 12,017,838 2000-2030
11,353,140 5,130,632 1,998,257 11,550,528
Source:10,347,543 u.S. Census Bureau

Nevada
Arizona Florida Texas Utah United States

114%
109% 80% 60% 56% 29%

4,282,102

2000 POPulATION

Arizona
MLS Resale Figures
MLS Sales and Price Per Square Foot Dec 2005 Dec 2010
10,000 9,000

5,130,632

2030 POPulATION

10,347,543

ecember 2010

$200.00

$180.00 8,000

Source: Arizona Department of Commerce, Research Administration

6,682 $160.00 Average Price Per Square Foot

Greater Phoenix Employment Percent Change Year Ago 1991 2011

7,000
6,000 5,000 4,000 3,000 2,000 1,000 0

12% 10% 8% 6% 4% 2% 0% -2% -4% -6% -8%

Jul-91 Jul-92 Jul-93 Jul-94 Jul-95 Jul-96 Jul-97 Jul-98 Jul-99 Jul-00 Jul-01 Jul-02 Jul-03 Jul-04 Jul-05 Jul-06 Jul-07 Jul-08

$140.00

$120.00

$100.00

$88
$80.00 $60.00

Jul-09

Total Sales
Source: RL Brown, Housing Market Forecast 2009-2012, Cromford Report

Price Per Sq Ft

Greater Phoenix

The average price per square foot has stabilized around $88 and total sales are increasing. In March of 2011, MlS showed the 5th highest sales volume total ever recorded at 9,901, surpassed only by sales in the peak years of 2004 and 2005 when the average cost per square foot was over $180. (source- Cromford Report)

Elliott D. Pollack & Company

Data through January 2011.

Recession Periods

5,000 new jobs in February in Arizona: Healthcare, Solar & Technology 17,200 new jobs formed in Arizona from March 2011 to April 2011
(source: Arizona Department of Commerce)

Potential Expansion Strategies for the Investor

The General Partner has two strategies to expand the Fund and its portfolio, which it plans to do by May 30, 2013. The strategies are as follows:

PRIVATE CAPITAL EXPANSION

The General Partner may determine to expand the business by raising additional capital from institutions or other investors and remain a private entity. In such case, the General Partner would present a capital augmentation plan to the Limited Partners, which would require a vote of the holders of more than 66 2/3% of Class A Units in favor to be approved. Under the plan the Limited Partners would receive distributions equal to 100% of their original capital contributions plus a preferred return of 7% and thereafter distributions would be made 75% to the Limited Partners and 25% to the General Partner. See Summary of Offering Expansion Strategies Private Capital Raise in the PPM.

INITIAL PUBLIC OFFERING

The General Partner and the Trustees could pursue an initial public offering by presenting a plan to the holders of the Trust Units/Class A Units for approval. Such holders would receive a preliminary prospectus, business plan and other relevant information and would have to approve the plan by more than 66 2/3% majority in order for it to be adopted. The goal of an IPO would be to raise additional capital in order to expand the business of the Fund and increase the value for the Limited Partners by having the Fund become part of a public mutual fund trust in Canada. See Summary of Offering Expansion Strategies Initial Public Offering in the PPM.

Jan-11

Jan-91

Jan-92

Jan-93

Jan-94

Jan-95

Jan-96

Jan-97

Jan-98

Jan-99

Jan-00

Jan-01

Jan-02

Jan-03

Jan-04

Jan-05

Jan-06

Jan-07

Jan-08

Jan-09

Jan-10

Jul-10

-10%

<TITLE> TYPICAL HOMES PURCHASED AT AUCTION

The following homes were purchased by the General Partner and/or its affiliate and may become assets of the Partnership.

PURCHASE PRICE = $147,100 ($42.82 / ft2) LAST SALE = $375,000 SURPRISE, ARIZONA
Currently leased at $1,700/month

PURCHASE PRICE = $170,100 ($68.07 / ft2) LAST SALE = $279,900

MESA, ARIZONA

PURCHASE PRICE = $74,100 ($32.69 / ft2) LAST SALE = $290,000 GOODYEAR, ARIZONA
DISCLOSURE

PURCHASE PRICE = $83,100 ($46.63 / ft2) LAST SALE = $198,000 GOODYEAR, ARIZONA

This document is intended as a summary of certain information contained in the AMERICAN RESIDENTIAL INCOME FUND, LP Confidential Private Placement Memorandum together with all attachments and/or supplements thereto from time to time (the PPM). Any potential investor in the Units should review the PPM in its entirety prior to making any investment decision with respect to the Fund. This document is subject in its entirety to the information set forth in the PPM (including but not limited to the Risk Factors set forth therein).

RISk FACTORS

Investing in the Units involves risks. Please see Risk Factors beginning on page 35 of the PPM for a full discussion of the following and other risks: Economic and General Risks of Property Ownership. The success of an investment in the Properties will be subject to risks incident to the ownership, rental, sale and management of single family homes in the Phoenix, Arizona metropolitan area and will depend upon factors which may be beyond the control of the General Partner and cannot be clearly predicted at this time. Competition for Rents, Sale of Rental Program and Other Economic Factors. The success of the operation of the Rental Program will depend in part upon our ability to obtain the rents and occupancy that we anticipate. If we are unable to maintain a sufficient occupancy to pay expenses, and pay all taxes relating to the Rental Program, then we will operate at a loss. Real Estate and Credit Market Risk. The real estate market in the United States is in the midst of severe downturn. In particular, the Phoenix real estate market has been one of the hardest hit and it is unclear when this trend will slow or change. If the market continues to decrease or does not increase sufficiently over the life of the investment in the purchased Properties to yield a profit when such Properties are sold, Limited Partners may lose money. Lack of Opportunity to Evaluate All Properties. The proceeds of this offering will be invested in Properties that have not yet been selected by the General Partner. As a result, the uncertainty and risk of an investment in us is increased to the extent investors are unable to evaluate the economic merit of all the single family homes which may be acquired. This is not an offer or solicitation of an offer to purchase any securities. This material must be read in conjunction with the Confidential Private Placement Memorandum in order to understand fully all the implications and risks of the securities to which it relates and must not be relied upon to make an investment. This material must be accompanied by the Confidential Private Placement Memorandum. Past Performance is not indicative of future results.

Sales & Marketing:

General Partners:

Phil Carroll & Bob Chilton 8090 N. 85th Way, Suite 101, Scottsdale, AZ 85258 T: 480.350.7050 F: 480.292.8821

Member FINRA/SIPC

Tim Snodgrass, President 3 San Joaquin Plaza, Suite 240 Newport Beach, CA 92660 T: 949.544.3535 F: 949.335.6638

Securities offered thru ARI Financial Services, Inc., member FINRA and SIPC. ARI Financial Services, Inc. and Axxcess Capital LLC are not affiliated companies.