NOW SELLING

BRAND NEW 8-UNIT BUILDINGSPRECONSTRUCTION

#5 LARGEST STUDENT HOUSING COMMUNITY BY BEDROOM COUNT

IN THE #1 RANKED TIER 1 COLLEGE TOWN IN THE U.S.– TALLAHASSEE, FLORIDA

• Drone Video: https://www.youtube.com/watch?v=L4iJKOnlRdY

• www.UniversityGreenFSU.com

• www.UniversityGreenDevelopment.com

Florida State University is located in Tallahassee, Florida.Founded in 1851, it is currently ranked #38 in the nationaccording to U.S. News and World Report. It has a studentpopulation over 41,000 students and a sprawling campuslaid out over 1,600 lush acres. The FSU Seminole FootballTeam is currently ranked #2 in the Nation. FSU is approx.3.1 miles from University Green. 81% of all students live inOff-Campus Housing.

TALLAHASSEE COMMUNITY COLLEGETallahassee Community College has several four-year degreeprograms and is the largest transfer college for FSU. With19,000 full time students and 34,000 students it has asteady demand for student housing. TCC is approx. 0.5 milesfrom University Green.

FLORIDA STATE UNIVERSITY

FLORIDA A&M UNIVERSITYFlorida Agriculture and Mechanical University hasapproximately 11,000 students. It is the #1 RankedHistorically Black Colleges in the United States. It is 4 milesfrom University Green.

The city of Tallahassee, the State Capital of Florida, has apopulation of 150,000. 350,000 people live in the GreaterTallahassee area. Tallahassee qualifies as a significantcollege town with a student population exceeding 90,000.

TALLAHASEE, FLORIDA

Click on pictures to open article.

STUDENT HOUSING

There are 21 million students in the United States attending colleges and universities. The Student Housing sector of the HousingMarket is heathy and Tier 1 Schools like Florida State University are seeing a surge in the demand from students for quality off-campus housing. Cramped dorm rooms and older on-campus housing stock are functionally obsolete with students wanting morespace and amenities. University Green competes favorably on price and value while offering a lush environment with plenty ofinterior space and open space. During the downturn of 2009-2012, occupancy rates at University Green were at near 100% levelsreflecting the trend to go back to school during a recession. Nationally, CAP RATES for New Construction at Tier 1 Universities arecoming in in the 4%-6% range with some far lower than that.

At University Green we are able to offer a 7% CAP RATE leased brand new construction. When you buy an apartment communityyou have to buy the whole community. At University Green you buy the individual buildings within the community allowing you toassemble a portfolio that meets your budget and objectives while enjoying the benefits that come with being the #5 largestcommunity in the marketplace.

Click on pictures to open article.

https://www.nytime

s.com/2017/02/28/

realestate/commer

cial/student-

housing-real-

estate.html

#1 TIER 1 STUDENT HOUSING MARKET

THE PERFECT LOCATION

University Green is minutes from Florida State University, Tallahassee Community College, & Florida A&M University. The

community is conveniently located off of Tennessee Street which is one of Tallahassee's major commercial arteries featuring a

wide range of dining, shopping, and entertainment options. It is on the FSU Bus Route and the bus ride is direct-to-campus in a

few minutes time.

The FSU Athletic Department places many of its star Football Players at University Green year-after-year to keep them out of the

Party Zone of bars and nightclubs found near campus. The saying goes that students party too hard at the bar and party scene

near campus their Freshman year. Many are forced to transfer to Tallahassee Community College and end up at University

Green – where its quiet and there aren’t bars everywhere. Many of the TCC transfer students remain at University Green while

completing their education at FSU.

With new apartment style units renting for upwards of 50%-100% closer to campus, University Green appeals to value minded

parents and students as well as people who put academics first and are not looking for the party scene.

UNIVERSITY GREEN COMMUNITY SNAPSHOT:

✓ Currently the #5 largest student housing development in Tallahassee✓ 40 acres total: 25 acres developed w/ 15 acre Nature Preserve.✓ Gated and fenced with Resort Style Amenities.✓ Security System for Community and Units.✓ At final buildout: 404 Townhome-style Condominiums all 3BR/3BA.✓ All New Construction Units sold with Appliances.✓ Parking Ratio: 3:1 (3 spaces for every 1 Unit)✓ On-site property management and leasing office and furnished model✓ 6.7% CAP RATE✓ UPSIDE POTENTIAL FROM RENTAL RATE INCREASES.✓ Furniture Packages Available starting from around $4K that raise rents

by $150/Mo.

✓ Community Video: https://www.youtube.com/watch?v=L4iJKOnlRdY✓ Optional Property Management: www.UniversityGreenFSU.com

First Priority Realty is headed by a 19-year student housing veteranand a staff of 7 people.

1,240 Square Feet

Sold Sold AvailableParents Units

Sold Sold

Available

Available

Available

AvailableSold

The price of materials has continued to climb nationwide. If you are looking for a new build rental property you might want to consider locking in your price now. We are now writing contracts in 2019 delivery.

• 60 Condos to be Built in 2018. • 52 Sold or Under Contract• 8 Parents Units Available – December 2018 Target Completion*• 2 Years - Estimated Completion Time to final 404 Unit Buildout.

* Subject to change.

• 58 Condos to be Built in 2018. • 52 Condos Sold or Under Contract in 2018.• 8 Parents Units Available – December 2018 Target Completion*

• 2 Years - Estimated Completion Time to final 404 Unit Buildout.

* Subject to change.

SPECIFICATIONS 1 UNIT BULK PACKAGE

Units 1 8

Bedroom Count 3 24

Tenants 3 24

Term of Lease 12 Months 12 Months

PURCHASE PRICE AND FINANCING 1 UNIT BULK PACKAGE

Purchase Price 129,900$ 1,039,200$

Down Payment 25% 32,475$ 259,800$

Amount Financed 75% 97,425$ 779,400$

Closing Costs 2% 2,598$ 20,784$

Total Cash Required to Close 35,073$ 280,584$

Total Purchase Price 129,900$ 1,039,200$

INCOME AND EXPENSE 1 UNIT 1 UNIT BULK PACKAGE

Monthly Annual Annual

INCOME

Rental Income 1,194$ 14,328$ 114,624$

Vacancy Allowance @ 3% (36)$ (430)$ (3,439)$

Effective Rental Income 1,158$ 13,898$ 111,185$

EXPENSE

Property Management Fee Percentage 7.0% 7.0% 7.0%

Property Management Expense (81)$ (973)$ (7,783)$

Lease Up/Advertising (25)$ (300)$ (2,400)$

HOA Condo Fees (includes Exterior Insurance) (143)$ (1,716)$ (13,728)$

Interior Condo Insurance (18)$ (216)$ (1,728)$

Property Taxes (150)$ (1,800)$ (14,400)$

Condo Maintenance / Reserves (20)$ (240)$ (1,920)$

Total Expenses (437)$ (5,245)$ (41,959)$

NET OPERATING INCOME 721$ 8,653$ 69,226$

DEPRECIATION @ 85% VALUE TO BUILDING 4,015$ 32,121$

FINANCIAL CALCULATIONS

CAP RATE 6.7%

GROSS RENT MULTIPLIER 9.07

* Estimates only. Actual results will vary.

IMPORTANT DISCLOSURES

1st Priority Realty is a separate company and may change their management contractterms without notice. Please check with them if you are considering using them tomanage your property. Rental Figures, and Expense items are believed to be accuratebut no guaranteed to be exact or free or errors. Buyers to verify all figures. The termsof the Purchase Contract shall supersede this marketing brochure which may changewithout notice. The Purchase Contract is the only operative document for all pertinentmatters concerning your purchase. Buyers agree to do their own independentcalculations for mortgage payments based on the actual rate quoted by the Lender.The terms contained in the Proforma may not be available. Though the units are soldleased, any vacancy after the close of escrow is the responsibility of the new owner.The “Nature Preserve” is descriptive name for the wildlife/wetlands area on propertybut the area is not an official a government designated nature preserve.

The mortgage figures, including down payment, interest rates, and terms areestimates only. You may use any source of financing. Actual results may vary bydepending on the borrower and other factors. The figures contained herein arebelieved to be accurate but may contain errors and are estimates only for Year 1 only.They are not to be construed to be a guarantee or promise of any return or income.Income property ownership includes risks which the buyer alone assumes. Values andrental rates may go up or down. In future years, rents and expenses may be higher orlower than the estimates shown herein and may contained expenses not listed in theYear 1 estimates. Owners are free to manage their own properties or hire a thirdparty of their choosing to do so. Do not rely on oral representations or anyrepresentations for any source that are not documented in writing by the Seller andsigned by the Seller. Seller reserves the right to change pricing and terms withoutnotice until a binding purchase contract is entered into with a buyer. The Seller isUniversity Green Development, LLC, and is organized in the State of Florida.

CONTACT:

Ryan Harris, Developer, University Green Development, LLC (310) 560-9111

Lindsay Pearson, Pearson Realty (850) 510-8029.

3250 W Tennessee Street, Tallahassee, FL 32304