Sachem Capital Corp. · AMEX:SACH
Sachem Capital — Merger or Acquisition (May 2026)
14 slides from Sachem Capital's merger presentation, May 18, 2026
Slide 1: Transaction Presentation
TO BECOME Transaction Presentation May 18, 2026
Slide 2: Important Information
Important Information Additional Information and Where to Find It This presentation does not constitute a solicitation of any vote or approval or an offer to sell or the solicitation of an offer to buy any securities in connection with the proposed transaction between Sachem Capital Corp. (“Sachem”)
Slide 3: Transaction Overview
Transaction Overview Differentiated industrial REIT with an implied enterprise value of $3.4B(1) via a transformative asset contribution from Industrial Realty Group to Sachem Capital Corp. ▪ Industrial Realty Group (“IRG”) to contribute 98 industrial assets to Sachem Capital Corp. (“SACH” or “Sache
Slide 4: Compelling Strategic Rationale for Existing Sachem Shareholders
Compelling Strategic Rationale for Existing Sachem Shareholders 1 Immediate Reset of Equity Value ▪ Transaction consideration based on $2.00 per share for Sachem’s common stock (90.0% premium to 30-day VWAP) Transformation 2 into a Scaled Industrial REIT ▪ Transforms Sachem from a small-cap mortgage
Slide 5: Industrial Realty Group (IRG) at a Glance
Industrial Realty Group (IRG) at a Glance Industrial Realty Group Overview IRGRA Overview Nearly five decades of proven success as a fully integrated, entrepreneurial real estate Wholly owned real estate management, property company specializing in the acquisition, development, redevelopment, leasin
Slide 6: Leveraging IRG’s Extensive Corporate, Tenant, and Government Relationships
Leveraging IRG’s Extensive Corporate, Tenant, and Government Relationships Long-standing relationships with high-quality corporate tenants and government entities drive differentiated platform value and growth IRGT Tenant Composition Corporate Industrial / Trusted Government Expertise Manufacturer P
Slide 7: IRGT Will Be A Top 10 Listed Industrial REIT At Closing
IRGT Will Be A Top 10 Listed Industrial REIT At Closing(1) 98 48M 90.5% $470M Industrial Properties Square Feet of Occupancy(2) Total Industrial Space Sachem Assets(3) 14% $3.4B Total GAV 86% Industrial Portfolio Other Assets Loan Assets 26.5% 47.2% 48M Industrial Sq. Ft. 7.9% 6.9% Contributed Indus
Slide 8: Multiple Avenues for Growth
Multiple Avenues for Growth Mark-to-Market In-Place Rents Rent Growth & Significantly Lease Up Below Market Somerville Business Park | Hillsborough, NJ Extensive Portfolio of Access to IRG Contributable Pipeline Assets Properties Accretive Actionable and Acquisitions Scalable Pipeline Joliet Channah
Slide 9: IRGT To Leverage IRGRA’s Deep Property Management & Strategic Advisory Expertise
IRGT To Leverage IRGRA’s Deep Property Management & Strategic Advisory Expertise IRGRA Will Provide Operating & Shared Services Will enable headcount migration over time without burdening the REIT Property Management Strategic Advisory Services ▪ Dedicated property management ▪ Leasing strategy exec
Slide 10: Loan Portfolio Transition to Align with IRGT’s Industrial Focus
Loan Portfolio Transition to Align with IRGT’s Industrial Focus Result Sachem Today Target Focused Asset Exposure Loans > 100 25 - 50 Anchored By Industrial Typical Originated $2 - $10M $10 - $50M Accretive Loan Size Capital Deployment Borrower Small real estate investors, Experienced real estate op
Slide 11: Improved Capital Structure at Closing
Improved Capital Structure at Closing Pro Forma Capitalization Positions Company For Long-Term Success In US$ millions Pro Forma Capitalization Net Debt Preferred Equity Market Cap (1) Leverage(2) Expected New Credit Facilities $245 Existing Unsecured Public Bonds 173 3,377 Existing Senior Secured N
Slide 12: Visible Path to Lower Leverage
Visible Path to Lower Leverage Management intends to operate IRGT with a prudent leverage strategy targeting sub-6x Debt / EBITDA in the coming years Key Building Blocks for Delevering Lease Up of Vacant Space Mark-to-Market Leasing Financing Synergies Accretive Investments Leverage Target of Sub-6x
Slide 13: Transaction Highlights
Transaction Highlights 1 High quality industrial portfolio combined with proven lending capabilities across national platform 2 Aligned ownership structure with market-based property and asset management support from IRGRA 3 Meaningful embedded operating income growth and upside to drive value 4 Bal
Slide 14: SACHEM .,,,,.. IRG 1RG
SACHEM .,,,,.. IRG 4 1RG Industrial EALTY TRUST Realty Group, LLG REALT RUS