P of 11

Multi-Family Senior Housing Development

Covington, Georgia

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Multi-Family Senior Housing Development

Plantation Crossing |Covington, Georgia

P 2 of 11

Multi-Family Senior Housing Development

Covington, Georgia

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Table of Contents

Executive Summary

Architectural Rendering

Parcel Map

Proposed Site Plan

Location Maps

Demographics & Traffic Count

About The Area

Why Covington

Broker Profiles

3

4

5

6

7

8

9

10

11

Marketed Exclusively By:

Ernie Anaya VP Healthcare Real Estate Services

(404) 876-1640 x130

EAnaya@BullRealty.com

Bull Realty, Inc. 50 Glenlake Parkway

Suite 600

Atlanta, GA 30328

www.BullRealty.com

P 3 of 11

Multi-Family Senior Housing Development

Covington, Georgia

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Executive Summary

Plantation Crossing 10.51 AC on South Dearing Road

Covington, GA 30014

The proposed development is a 156 unit, age restricted, multi-family com-plex identified as Plantation Crossing to be located on the east side of S. Dearing Road with +/- 9.408 acres or +/- 409,794 SF of land zoned for Planned Unit Development - Multi-Family. The parcel has an irregular shape with 706 linear feet of frontage and access along South Dearing Street lo-cated near Ashton Hills Country Club and the new $1 Billion Baxter Plant. The topography is at street grade then lightly rolling. A portion of the front of the parcel is cleared and then the remainder is wooded. The typical multi family zoning would allow for only eight units per acre. However, the subject was approved for 15. The project includes engineered sewer plans and cost quote to complete sewer connections (created August 2015—additional information is available). The subject property is not locat-ed within a designated flood zone. This is the only existing zoned multi-family development in Covington, Georgia. The subject improvements include six buildings. The site improvements in-clude paving, curbing and guttering, sidewalks, landscaping, in-ground sprinkler system and signage. The apartment buildings are identified as Building 3, 4 and 5. The clubhouse building is centrally located on the prop-erty adjacent to the pool. The pool has approximately +/- 1,500 SF. There is a bath house which is approximately +/- 413 SF with two large restroom facilities. Ready to build project with available building schedule. A Phase I Environmental Site Assessment was performed in 2002.

Property is offered for sale at $525,000

A-1 Units B-1 Units C-1 Units Total

Building 3 24 24

Building 4 12 12 24

Building 5 10 10 20

Total 12 46 10 68

Parcel ID: 00820-00000-004-A00

Unit Mix by Building (Phase I)

+/-9.4 AC

+/- 1.1 AC

Two contiguous lots +/- 9.4 AC and +/- 1.1 AC respec-tively for a total of +/- 10.51 AC

P 4 of 11

Multi-Family Senior Housing Development

Covington, Georgia

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Architectural Rendering

For discussion purposes only

P 5 of 11

Multi-Family Senior Housing Development

Covington, Georgia

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Parcel Map

P 6 of 11

Multi-Family Senior Housing Development

Covington, Georgia

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Proposed Site Plan

For reference purposes only

P 7 of 11

Multi-Family Senior Housing Development

Covington, Georgia

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Representative Photo

Location Maps

P 8 of 11

Multi-Family Senior Housing Development

Covington, Georgia

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Demographics & Traffic Count

Demographic Summary (Esri)

One Mile Radius

Population 3,885

Households 1,372

Average Household Income $56,142

50+ Population 1,694

Owner/Renter Ratio .7

Three Mile Radius

Population 18,384

Households 6,536

Average Household Income $49,738

50+ Population 7,123

Owner/Renter Ratio 1.0

Five Mile Radius

Population 37,208

Households 12,717

Average Household Income $52,717

50+ Population 13,223

Owner/Renter Ratio 1.6

Since 2000, Covington, Georgia has experi-enced an overall population increase of 7.7%. Keeping with the current rate of growth, the population for 50+ years of age is projected to increase by approximately 33% by the year 2019, according to Realtor’s Property Re-search and data from Esri.

P 9 of 11

Multi-Family Senior Housing Development

Covington, Georgia

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

About The Area

Covington, Georgia Covington…A Refreshing Change of Place! Founded in 1821, Covington/Newton County still retains its clas-sic Southern appeal. Located just outside metro Atlanta, the charming town boasts a reputation as one of the most picturesque and historic areas in Georgia. Make the Welcome Center the first stop for a self-guided home tour brochure, the perfect guide to begin a discovery of the beautiful architecture in Coving-ton. Recently awarded the Award for Excellence in Downtown Development, Covington’s historic downtown is thriving. With home décor, antiques, arts and crafts, merchants that carry exclusive lines and an extensive choice of beauty services, Downtown Covington is a shopping destination. There are dining choices for all occasions; terrific artisan pizza, a family diner that has the honor of serving the best fried chicken for over forty years, outstanding Bar-B-Que, a coffee house and café, an ice-cream and candy store that is never without a customer, Thai, and unrivaled white table cloth restaurant serving what we think is the best New Orleans style of food you’ll find outside of New Orleans. The district enjoys a long tradition of family owned and operated businesses and an impressive events calendar that keeps things humming. Regular events include cruise-ins, concerts, festivals, art shows and Independence in the Park Concert and fireworks that truly showcases the best of small town America.

P 10 of 11

Multi-Family Senior Housing Development

Covington, Georgia

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Why Covington?

Why Covington?

A recent senior housing market study for Covington showed zero supply for independent living and an unmet demand. Normally this shows a close correlation with aged restricted housing. In addition, Baxter, a top Fortune 500 pharmaceutical company, just built a large $1 billion plant in Covington near the subject development. They beat Research Triangle in North Carolina for the project. The 100-acre Greenfield campus will include 1.2 million square feet of building space in-cluding a wastewater treatment facility, manufacturing buildings, laboratory buildings, adminis-trative buildings and a central utility building. The campus will separate plasma components, puri-fy them, and make life-sustaining therapies used to treat burn victims and patients with immune disorders, hemophilia, and other medical conditions. Starting in January 2016, Baxter will be hiring over 1,500 employees with starting salaries at $60,000. As part of the relationship with Baxter, UGA Medical School is looking to establish facili-ties there as well. The expectation is for Covington to become the next Research Triangle.

P 11 of 11

Multi-Family Senior Housing Development

Covington, Georgia

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Broker Profile

ERNIE ANAYA

As Vice President for the Healthcare Real Estate Services at Bull Realty, Ernie focuses on delivering lease and acquisition solutions to healthcare providers, including medical practices and hospitals, that meet client demographic profiles, growth requirements, and increased practice valuation.

Member of the Atlanta Commercial Board of Realtors, the National Association of Realtors, the Association of Professional Mergers & Acquisition Advisors, the Healthcare Financial Management Association, the Georgia Medical Group Management Association, and the Greater Atlanta Medical Management Association. Licensed in Georgia and South Carolina.

Over 20 years Fortune 500 and Management Consulting experience, with focus in the healthcare industry. Previous experience includes Abbott Laboratories, GE Medical Systems, Cardinal Health, and Xerox Corporation. Consulting experience includes Client Solutions Director with EMC Corporation covering Department of the Army in US and Germany, and Principal, Healthcare Sector with SunGard Consulting Services covering the US and Latin America. Experienced in Meaningful Use and HIPAA compliance. Over 15 years experience in Data Center design, and migration.

Educational background: Executive Program in Supply Chain at Massachusetts Institute of Technology, MBA from Michigan State University including Global Management Course in Japan & Singapore, and BA in Astrophysics from Ole Miss. Graduated prep from St. John’s Military School in Kansas. Earned Professional designations include AAFM as Master Financial Manager (MFM). Commercial Realtor®. Certified Foreign Investor Specialist. Certified in Risk and Information Systems Control (CRISC), Certified Information Security Systems Professional (CISSP), Certified Business Continuity Professional (CBCP), and ASTL Certified in Transportation & Logistics.

Former Army Officer with 1st Cavalry Division, Life Member of the American Legion, and Strathmore’s Who is Who Worldwide. Member of the Army & Navy Club in Washington, D.C., and the Yacht Club of Hilton Head Island. Advanced tennis player. Bilingual English - Spanish.

Bull Realty is a U.S. commercial real estate sales, leasing and advisory firm headquartered in Atlanta. The firm was founded in 1998 with two primary missions: grow a company of brokers known for integrity, and provide the best disposition marketing in the nation.

Commercial real estate services include acquisition, disposition, project leasing, tenant representation and advisory services.

Areas of expertise include office, retail, industrial, multifamily, land, healthcare, single tenant net lease, special asset, self-storage and automotive properties.

Disposition services for appropriate properties can include exposure on up to 415 websites, 17 marketing systems and 4 to 6 e-marketing systems.

Additional disposition and lease marketing services may include video, social media, auctions and national radio exposure.

The firm hosts the Commercial Real Estate Show, a nationally syndicated talk show about commercial real estate. The weekly show has been on the air for over 5 years. The show is nationally syndicated on 40+ radio stations and is available on iTunes and the show website CREshow.com.

Bull Realty is licensed in nine southeast states and works with affiliates from all over the country.

Ernie Anaya Vice President Healthcare Real Estate Services

(404) 876-1640 x 130 EAnaya@BullRealty.com Bull Realty, Inc. 50 Glenlake Parkway Suite 600 Atlanta, GA 30328 www.BullRealty.com