sommerset place...sommerset place 6717 six forks road, raleigh nc 27615 confidentiality &...

KARLIN CONKLINExecutive VP, Private Equity

[email protected] 971.888.4010 ext. 104

ANN BLUMEDirector, Private Equity


NEIL SCHIMMELPresident, IMG

[email protected] ext. 119

Investors Management Group, Inc. • 22144 Clarendon Ave., Suite 303 • Woodland Hills, CA 91367

Investors Management Group Northwest • 1234 SW 18th Ave., Suite 102 • Portland, OR 97205

INVESTMENT OPPORTUNITY | OCT-2017

Sommerset Place

Raleigh NC

This Marketing Memorandum was written and is being presented solelyto support the promotion or marketing of IMG and a possible futureoffering of securities in an IMG sponsored project (the “Offering”). Alloffers and sales of any securities will be made only to AccreditedInvestors through a Confidential Private Placement Memorandum andany exhibits and attachments thereto (collectively, the “PPM”). ThisMarketing Memorandum is not the PPM, and is not intended nor shall itbe construed to be an offer to sell any securities. No PPM will bepresented to you unless and until IMG has first been able to validateyour status as an Accredited Investor.

Sommerset Place6717 Six Forks Road, Raleigh NC 27615

CONTENTSCONFIDENTIALITY & DISCLAIMER

EXECUTIVE SUMMARY 3

SPONSOR PROFILE 7

PROPERTY INFORMATION 10

LOCATION INFORMATION 17

All materials and information received or derived from Investors ManagementGroup Northwest LLC, Investors Management Group, Inc, its directors, officers,agents, advisors, affiliates ("IMG) and/or any third party sources are providedwithout representation or warranty as to completeness, veracity, or accuracy,condition of the property, compliance or lack of compliance with applicablegovernmental requirements, developability or suitability, financial performance ofthe property, projected financial performance of the property for any party’sintended use or any and all other matters.

IMG makes no representation or warranty, express or implied, as to accuracy orcompleteness of the any materials or information provided, derived, or received.Materials and information from any source, whether written or verbal, that maybe furnished for review are not a substitute for a party’s active conduct of itsown due diligence to determine these and other matters of significance to suchparty. IMG will not investigate or verify any such matters or conduct duediligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATIONAND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urgedto verify all information and to conduct their own inspections and investigationsincluding through appropriate third party independent professionals selected bysuch party. All financial data should be verified by the party including byobtaining and reading applicable documents and reports and consultingappropriate independent professionals. IMG makes no warranties and/orrepresentations regarding the veracity, completeness, or relevance of anyfinancial data or assumptions. IMG does not serve as a financial advisor to anyparty regarding any proposed transaction. All data and assumptions regardingfinancial performance, including that used for financial modeling purposes, maydiffer from actual data or performance. Any estimates of market rents and/orprojected rents that may be provided to a party do not necessarily mean thatrents can be established at or increased to that level. Parties must evaluate anyapplicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from orfor the property.

Legal questions should be discussed by the party with an attorney. Taxquestions should be discussed by the party with a certified public accountant ortax attorney. Title questions should be discussed by the party with a title officeror attorney. Questions regarding the condition of the property and whether theproperty complies with applicable governmental requirements should bediscussed by the party with appropriate engineers, architects, contractors, otherconsultants and governmental agencies. All properties and services aremarketed by IMG in compliance with all applicable fair housing and equalopportunity laws.

TABLE OF CONTENTS

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

EXECUTIVE SUMMARY

Investment Highlights

Value-Add Strategy

1Executive SummarySommerset Place | 6717 Six Forks Road, Raleigh NC 27615

Sommerset Place presents a rare value-add investment opportunity in one of the country’s most sought-after multifamily markets. According to U.S. News and World Report (Feb. 2017), Raleigh is the seventh Best Place to Live in the nation. The property’s exceptional location near the Research Triangle Park and world-class universities provides a strong tenant base. The Raleigh-Durham-Chapel Hill MSA continues to attract and retain new residents and young professionals.

Inc. Magazine has named Raleigh the fifth best city outside of Silicon Valley to start a company or invest in startups. Raleigh’s thriving startup ecosystem includes more than 500 companies representing over 2,500 jobs in diverse industry sectors. In the last four years alone, startups in Raleigh have raised over $420 million in angel and venture capital investment. In addition, since 2011 startup companies in Wake County have generated economic activity of over $1.1 billion from IPOs and $12.3+ billion in acquisitions.

The Opportunity

Investors Management Group, Inc. (IMG) sees opportunity in adding value by upgrading the property to meet the amenities offered by competing properties. IMG will complete a comprehensive capital improvements program, which will include adding washer/dryers to all units and creating a high-end community amenity package to create a spa-like experience for the residents. The business plan calls for spending approximately $1.2 million on capital improvement projects within the first 18 months of ownership.

Anticipated Performance

Sommerset Place is anticipated to be a 5-year hold. Five-year projections demonstrate an average annual cash-on-cash return of 8.25%, an IRR of 15.86%, and an equity multiple of 1.95x.

The Company is raising $6,038,000 million from accredited investors, who can invest as either a Limited Partner or as a Tenant-In-Common. The structure will accommodate 1031 exchanges. The transaction is anticipated to close in mid-December 2017.

EXECUTIVE SUMMARY

Sommerset Place

Raleigh, NC

INVESTMENT HIGHLIGHTS

6717 Six Forks Road, Raleigh NC 27615

Comparable properties in the North Raleigh

submarket have proven demand for as-is units

with quality amenities at 5%-7% above current

rents at Sommerset Place. IMG’s modernization

plan will elevate rents that are already growing

organically.

Surpassing one million in population in 2014,

Wake County is projected to reach 2 million

residents by 2054 (Wakegov.com). Raleigh is

consistently named a “Top Tech Town.” In 2016 it

was ranked 4th in the U.S. for having the highest

concentration of technology job openings behind

San Francisco, Austin and Seattle.

The property’s unit interiors have undergone

significant renovation during the past five years.

IMG intends to complete minor upgrades, along

with adding washers/dryers to all units. This

should result in an immediate rent increase from

$75-$100/month per unit.

Sommerset Place is located just minutes from

several employment centers, including the world-

renowned Research Triangle Park. More than 200

companies—including IBM, Fidelity Investments,

Cisco Systems, and Nortel Networks—provide

employment to over 50,000 people.

Upgrading and enhancing the community

amenities at Sommerset Place will ensure it

meetg the demands of the young professionals

in this submarket. Renovation plans include

adding a fitness center, creating a spa-like

pool/lounge/barbecue area, and community

green space improvements.

Surrounded by four world-renowned universities,

Sommerset Place is in an education epicenter.

This location attracts recent graduates and young

professionals beginning their careers in Raleigh’s

thriving job market.

INVESTMENT HIGHLIGHTS

• IMG sees an opportunity to purchase a well-

located, solid B asset. IMG’s business plan and

CapEx budget is anticipated to bring the property to

a B+ designation.

• Below market rents offer intrinsic upside on

turnover and renewal.

• Upside exists by burning off the loss-to-lease

through achievement of market rents; adding

washers/dryers to all units; and the completion of

community amenity renovations.

• The IMG business plan for Sommerset Place is

designed to give its investors a stable and above-

average return over the life of the hold.

• The hold period is anticipated to be 5 years.

• The Raleigh submarket has vacancy below 5% and

market demand is high, setting the stage for strong

rental growth.

• IMG has a 20-year history of acquisitions in

opportunistic markets. At present, the Company

oversees 4,023 units in Southeast assets,

representing $418 million in value.

Sommerset Place is strategically located in North

Raleigh with easy access to several major employment

centers including The Research Triangle Park, North

Hills Shopping Center, and the Raleigh-Durham

International Airport. The property is also surrounded by

four universities: The University of North Carolina at

Chapel Hill; Duke University, North Carolina State

University; and North Carolina Central University.

Sommerset Place presents a rare value-add investment

opportunity in a submarket with dynamic fundamentals.


IMG’s business plan calls for spending

approximately $1.20 million on capital

projects during the first 2 years of

ownership. The hold period is

anticipated to be 5 years.

* PPM is available upon request to accredited investors.


SPONSOR PROFILE

Investors Management Group, Inc.

2Sponsor ProfileInvestors Management Group, Inc.

Investors Management Group, Inc. (”IMG”) is a private real estate investment firm focusing exclusively on the multifamily sector. IMG specializes in value-add and opportunistic real estate investments in need of recapitalization, repositioning, or significant renovation in select metropolitan markets. Since its inception, IMG’s multifaceted platform has encompassed ownership, investment sponsorship, financing, asset management, and advisory service to multiple investment partners.

We work with two separate groups of investors. Our JV platform includes financial institutions, private equity funds and family offices. Our syndication platform includes high net worth, tenant-in-common, and other accredited investors. IMG’s portfolio is comprised of more than 6,000 units in select metros in Florida, Georgia, North Carolina, Colorado, Washington & Oregon.

Company History

Neil Schimmel, Founder and CEO, has a real estate career in the multifamily arena spanning more than 30 years. He has led several groups in the nationwide acquisition, financing, redevelopment, asset management and disposition of over $3 billion of real estate, or approximately 40,000 multi-family units.

From 2003 to 2007, IMG provided advisory service to a privately held real estate company, which at its height, owned a portfolio of 25,000 units valued at more than $2.0 billion. IMG was responsible for overseeing the acquisition, management, and disposition of the entire portfolio.

In 2010, Mr. Schimmel saw renewed opportunities in the real estate market, particularly on the distressed side, and began acquiring properties under the IMG banner. The Company’s goal is to build a stable portfolio under management of 10,000 units by the end of 2018.

Investment Philosophy

IMG acquires properties where a value-add strategy can be implemented through renovation of unit interiors and upgrades to the common area amenities. The Company targets garden-style apartment communities comprised of 75 to 250 units located in strong, in-fill rental markets nationwide. Our focus is on markets that have intrinsic growth opportunities, particularly in regards to expanding employment and net in-migration, which lowers risk, provides solid returns, and protects capital. We believe demand for apartment living will continue to surge as available housing supply remains substantially below market demand.

Asset Management Platform

Our focus on asset management is central to successfully executing each property’s business plan. The essence of our platform centers upon enhancing the experience of residents and visitors alike. IMG continually seeks opportunities to improve the lifestyle of our residents and believes that achieving superior, risk-adjusted returns comes only by improving the quality of life for our residents.

As a result, we employ a highly active, internal team of asset management professionals who oversee all aspects of the property operations, including annual budgeting, contract negotiations, renovation oversight, investor reporting, market analysis, and disposition management. We retain third-party property management firms to handle property staffing, property-level accounting functions, and on-site operations.

Submarket Overview

INVESTORS MANAGEMENT GROUP, INC.

SPONSOR PROFILE

The Orion, Tacoma (Seattle MSA)168 Units Acquired August 2014Equity Invested: $4.7 millionOwnership Group: 5 investors (3 exchanges)

Foster Creek, Tukwila (Seattle MSA)179 Units Acquired July 2015Equity Invested: $5.2 millionOwnership Group: 18 investors (6 exchanges)

Rolling Hills, Castle Rock (Denver MSA)186 Units Acquired March 2016Equity Invested: $8.5 millionOwnership Group: 16 investors (7 exchanges)

Bridges at Quail Hollow (Charlotte MSA)90 Units Acquired March 2017Equity Invested: $4.7 millionOwnership Group: 11 investors (2 exchanges)

INVESTORS MANAGEMENT GROUP, INC.

SYNDICATION PLATFORM

Neil Schimmel, President and CEO. Neil has over 30 years of experience in investment real estate specializing in the acquisition, management, redevelopment, and disposition of multifamily properties. Neil has completed over 500 separate real estate transactions totaling $3 billion dollars, which includes more than 40,000 units in 20 states. From 1986 until 1993, he was a partner at Capitol Properties, a multifamily real estate investment and brokerage firm. Neil began his career at Kenneth Leventhal where he received his CPA and was responsible for the restructure and work out of troubled real estate assets throughout the U.S and Canada. Neil received his Bachelor of Science degree in Business Administration and Accounting from California State University, Northridge.

Marc Gordon, Executive VP & CFO. Marc has 25 years of experience in the real estate industry, in both the retail and multifamily sectors. As both principal and broker, he has overseen approximately $750 million in the acquisition, financing and management of commercial real estate. Marc is instrumental in the IMG acquisition process through his ability to structure ownership groups and debt. Marc began his career in public accounting and qualified as a Certified Public Accountant. He left public accounting to form his own consulting practice and in 1996 merged his business with Pacific Equity Properties, Inc. He also served as CFO for a real estate acquisition and development company that had acquired, developed and financed over $1 billion in real estate transactions nationally. Marc holds degrees in Accounting and Finance, as well as a California Brokers Real Estate License.

Daniel Byron, Director, Asset Management. Dan is responsible for managing the firm's asset management functions nationwide. Throughout his 20-year career in commercial real estate, he has overseen property and asset management operations on large national, regional, and local portfolios. Prior to joining IMG, he was a Senior Portfolio Manager with The Real Estate Group managing commercial and multifamily properties throughout Southern California as well as with The Bascom Group as a Portfolio Manager. Daniel received a B.B.A. degree in Finance from Loyola Marymount University and has obtained the CCIM and CPM professional designations.

Investment Criteria for Syndication platform

Transaction Size: $8 Million to $30 Million

Property Size: 75 - 250 Units

Characteristics: Quality, well-located real estate (Class A- to B-),

stabilized or un-stabilized, value-add opportunity

Location: In-fill & suburban locations considered, access to job

corridors and recreation

Targeted Markets: California, Washington, Colorado, Georgia, Florida,

North & South Carolina, Oregon

Karlin Conklin, Executive VP, Private Equity. Karlin has more than 18 years of experience in multifamily real estate and has transactional volume exceeding $1.0 billion. Karlin is also Principal and Managing Director of IMG Northwest, a boutique brokerage located in Portland OR. She is a licensed broker in Oregon and Washington and a full-service business advisor. Karlin has sourced, capitalized and repositioned 6,500 multifamily units, raising $300 million in equity from institutional partners, Tenant-In-Common (TIC) investors and high net worth individuals. She holds a Bachelor of Science in Journalism with an emphasis in Public Relations and an MBA from the University of Oregon.

Ann Blume, Director, Private Equity. Ann has 25 years of experience in multifamily investments and is a licensed broker in Oregon and Washington. Ann is also Senior Vice President of IMG Northwest. She is recognized for always anticipating and putting the client’s needs first and doing whatever it takes to get a job done. As a Senior Associate with CBRE Portland for 23 years, Ann was involved in all facets of capital market transactions on a top producing multifamily team. She was responsible for financial underwriting, market analysis, prospect calls, property tours, coordination of due diligence and closing details. Multi-tasking, team orientation, proactive initiatives and thoroughness are among her strong suits. She holds a Bachelor of Arts degree from Lewis & Clark College in Portland, Oregon.

OUR INVESTMENT TEAM

Valley Vista, Tacoma (Seattle MSA)108 Units Acquired August 2016Equity Invested: $4.8 millionOwnership Group: 10 investors (2 exchanges)

Waterleaf (Port St. Lucie FL MSA)230 Units Acquired July 2017Equity Invested: $10 millionOwnership Group: 25 investors (5 exchanges)


PROPERTY INFORMATION

Overview

Features

Site Maps

Ammenities

Unit Interiors

Photos

3Property InformationSommerset Place | 6717 Six Forks Road, Raleigh NC 27615

1900 SE Hillmoor Drive, Port St. Lucie, FL 34952



Acquisition Price: $14,300,000

Price / SF : $127

Price / Unit: $99,306

Total Equity Investment: $6,038,500

Projected Cash-on-Cash:

(avg. over 5 years)8.25%

Projected Equity Multiple:

(with 5-year hold)1.95x

No. of Units: 144

No. of Buildings: 12

Average Unit Size: 780

Year Built: 1983

Rentable Sq. Ft.: 112,248

Site Acreage: 8.86 (+/-)

Number of Stories: 3

Parking: 237 Surface Parking Spaces

Parking Ratio: 1.64

The information contained herein is based upon IMG’s best efforts to forecast the general economics of the

proposed investment. Please see the financials section for assumptions and full underwriting.

UNIT

TYPE

#

UNITS%

RENTABLE

SFTOTAL

SF

1x1 72 50% 654 47,088

2x2 72 50% 905 65,160

144 100% 780 112,248



Structural System: Wood Frame

Foundation : Reinforced concrete slabs

Siding: Hardi plank & cedar

Roof: Gable with asphalt shingles

Ceilings 8 foot +

Windows:Double-hung vinyl clad

insulated

Plumbing: CPVC

HVAC: Forced air

Utilities: Individually Metered

Washers / Dryers: Washer / Dryer hook-ups

Electricity: Duke Energy

Water: City of Raleigh

Sewer: City of Raleigh

Waste

Removal:Waste Industries





The Raleigh City Council is

moving forward with a plan

to widen the Six Forks Road

corridor to six lanes to

accommodate tremendous

growth projected in this

immediate area. -News & Observer June 2017

• Swimming Pool

• Sundeck

• Tennis Courts

• Poolside Wi-Fi

• Recycling Centers




• Eight Foot Ceilings

• Vaulted Ceiling on Upper Levels

• All Black Appliances

• Breakfast Bar

• Ample Storage

• Wood-Burning Fireplaces

• Washer/Dryer Connections

• Custom Cabinetry

• Private Patio or Balcony

Unit Interiors

Sommerset Place6717 Six Forks Road, Raleigh, NC 27615

UNIT INTERIORS


LOCATION INFORMATION

Maps

Market Fundamentals

Employment

Education

Retail & Lifestyle

Demographics Map

4Location InformationNorth Raleigh, North Carolina

North Raleigh, North Carolina

Raleigh sits in heart of North Carolina, only two hours from the beach and three

hours from the mountains. It is the state capital and seat of Wake County. Wake is

the largest county in the “Research Triangle” region (anchored by North Carolina

State University, Duke University, and University of North Carolina at Chapel Hill).

The Triangle– formed by the geographic nexus of the cities of Raleigh, Cary,

Durham and Chapel Hill– boasts nine four-year universities including three tier-one

research universities that are catalyzing global innovation. Out of 175,000 students

currently enrolled in higher education, the Triangle retains 42,000+ graduates

annually.

Surpassing one million in population in 2014, Wake County is projected to reach

2 million residents by 2054 (Wakegov.com). One reason for the increase is that

Raleigh is consistently ranked a “Top Tech Town.” Just last year, Raleigh ranked

4th in the U.S. for having the highest concentration of technology job

openings right behind San Francisco, Austin and Seattle.

Inc. Magazine has named Raleigh the fifth best city outside of Silicon Valley to

start a company or invest in startups. Raleigh’s thriving startup ecosystem includes

more than 500 companies representing over 2,500 jobs in diverse industry sectors.

In the last four years alone, startups in Raleigh have raised over $420 million in

angel and venture capital investment. In addition, since 2011 startup companies in

Wake County have generated economic activity of over $1.1 billion from IPOs and

$12.3+ billion in acquisitions.

2017 economic measures released by the Greater Raleigh Chamber of Commerce

reveal that Raleigh remains highly competitive with markets their size and larger:

•Since 2016 the region’s GDP growth has been double that of North Carolina,

and outpaced the nation nearly three to one.

•Wake County’s employment growth over the past year has exceeded the state

and nation by 1.9% and 2.7% respectively.

•Wake County remains a high-growth community, growing at more than twice

the rate of the state and nation since 2013.

•50% of Wake County’s population holds a bachelor’s degree or higher,

compared to the national average of 30%.

Sports Travel magazine has rated Raleigh as one of the "hottest sports cities" in

the country. The Capital Area Greenway System is a network of over 100 miles of

recreational trails and public open spaces providing an abundance of outdoor

recreation activities. While Raleigh continues to grow and offers a superior quality

of life, the cost of living remains below the national average (COL index 90.5).*Sources: CoStar, Raleigh-wake.org, Greater Raleigh Chamber of Commerce

RALEIGH BY THE NUMBERS

City of Raleigh -

Population

458,880

Raleigh-Durham-

Chapel Hill CSA

Population

1,214,516

Top Employers Duke University &

Health System

(36,004), State of

North Carolina

(24,083), Wake

County Public

Schools (18,554),

IBM Corp. (10,000),

NC State University

(9,069), WakeMed

(8,943)

Job growth 2016 +21,000

Unemployment

rate Apr 2017

3.8%

12-month Rent

Growth March 2017

3.8%

No. 2 Best City for Young Entrepreneurs

MoneyRates | Jun 2017

No. 6 Most Adventurous City

Men’s Health | Jun 2017

No. 3 Best City for Job Seekers

Indeed | May 2017

No. 4 Next Top Tech Town

(Raleigh-Durham, NC)

Realtor.com | Apr 2017

No. 6 Fastest Growing State in the U.S.

U.S. Census Bureau | Jan 2017

No. 7 U.S. Market to Watch:

Overall Real Estate Prospects

ULI | Nov 2016

MARKET FUNDAMENTALS

Raleigh-Durham-Chapel Hill Combined Statistical Area (CSA)

#1 Best Big City to Live In in the SoutheastMoney Magazine | Sept 2016

“North Hills is the hot spot in the [Raleigh] submarket and arguably

the most desirable area of Raleigh for apartment renters.” CoStar, August 2017

Northeast Raleigh is one of the largest and most dynamic Raleigh submarkets and has been the target of investment in the

form of developments and acquisitions this cycle. Demand here is driven primarily by young professionals working in the

submarket, which is home to some of Raleigh's largest office-using employers. These relatively high-paying jobs support

demand for luxury units from renters who for a multitude of reasons have not ventured into homeownership.

MARKET FUNDAMENTALS

North Hills continues

to grow, and demand

is forecasted to keep

up with the continued

commercial

development.

#7 Best Place to Live in the U.S. – Raleigh, NCU.S. News & World Report | Feb 2017


CoStar, Aug 2017

CoStar, Aug 2017

RENT TRENDS: Rents in Raleigh-Durham were up 3.8% year-over-year as of March 2017, exceeding the national growth

rate of 2.7%. Growth was led by the working-class Renter-by-Necessity segment, which increased 5.5% year-over-year,

while the upscale Lifestyle segment rose 3.1%. Average rents in Northeast Raleigh are slightly below the average in the

overall metro as of June 2017.

SUPPLY: Supply has kept up with demand, though that might be difficult going forward, as the current pipeline consists of

more than 26,000 units in various stages of development.

TRANSACTIONS: Multifamily sales totaled $1.9 billion in 2016, roughly on par with 2014’s cyclical high. The Triangle

continues to attract a wide range of investors, being one of the top markets for education and employment in the Southeast. –Yardi Matrix, Spring 2017 Report

RESEARCH TRIANGLE PARK (RTP)


Source: rtp.org

Research Triangle Park ("RTP") is a world-renowned high-tech

research and development park. RTP is named for the three hub cities

of Durham, Raleigh, and Chapel Hill, reflecting the three major research

universities (Duke University, NC State, and the University of North

Carolina at Chapel Hill).

Roughly 82% of the employees in the RTP work for multinational

corporations. Major employers in the RTP include IBM,

GlaxoSmithKline, Cisco Systems, RTI International, Fidelity

Investments, Credit Suisse, and Nortel Networks, all leaders in their

respective industries.

RTP covers 7,000 acres situated in a pine forest with 22,500,000

square feet of building space. The park is transversed by interstate 40;

the Durham Freeway; and NC 540. It is managed by the Research

Triangle Foundation, a private non-profit organization.

Residents of Sommerset Place enjoy being conveniently located just 20 minutes from RDU International

Airport. The airport services 40 domestic and international destinations on over 400 daily flights.

Sommerset Place is

well-positioned to

prosper as the nearby

RTP acts as a major,

high-tech job creator.

Sommerset Place is located just 17 miles east of Research Triangle Park; the most significant

employment center in the Raleigh-Durham submarket

WORLD CLASS EDUCATION


The Triangle is known as the epicenter of education in North Carolina due to the

presence of major colleges and universities in the area. Three Tier 1 research

universities – Duke University, North Carolina State University and the University of

North Carolina at Chapel Hill – are located within 10-25 miles of Sommerset Place.

> Undergraduate Students 6,485

> Graduate Students 8,465

> Faculty 1,717

> Student/Faculty Ration 8:1

> Employees 16,384

> Duke University Hospital is the flagship of the broader Health

System, which also includes two community hospitals (Durham

Regional Hospital and Duke Raleigh Hospital) and more than

200 ambulatory care clinics.



> Faculty 3,850


> Employees 8,561

> Nation’s first public university


> Faculty 2,336


> Employees 6,733

> Educating more North Carolinians than any

other university



> Faculty 666


> Employees 1,147

>NCCU was the first UNC system campus to require community

service for graduation and has gained national recognition from the

Carnegie Foundation as a community-engaged university.

> WCPSS No.1 in Nation in Board Certified Teachers

> More than two-thirds of WCPSS high schools now

have four–year graduation rates above 90%

Sommerset Place’s

premier location is

within North Carolina’s

higher education hub,

totaling over 90,000

students and 31,000+

employees.

SHOPPING, DINING, RECREATION

Just north of Sommerset along the robust Six Forks Rd corridor, Six Forks Station is a regional retail destination for North Raleigh. It

includes major national retailers like Bed Bath & Beyond, The Home Depot, PetSmart and Starbucks, plus Six Forks Station Cinema.


Total Number of Stores: 165+ • Total Building Area (GLA): 1,264,285. Featured stores: Saks Fifth Avenue, Macy's, Belk, Dillards, Sears.

Dining includes Romano's Macaroni Grill, Chili's Grill & Bar, Moe's Southwest Grill, Starbucks, Subway and more. Target, Bed Bath &

Beyond, Best Buy, Toys "R" Us, and Walmart Supercenter are also located in this major retail hub.

Featuring BJ’s Wholesale, Marshall’s, Big Lots, Petco, Planetary Nutrition, Nail Spa, T-Mobile, Lincoln Brewing Co., Dollar Tree, Tuesday

Morning, Sally Beauty Supply, Life Time Fitness. Plantation Point is the host of a popular, year-round regional Farmers’ Market

(Saturdays).

400-acre private club featuring (2) 18-hole golf courses and 70K sq.ft. clubhouse, 13 tennis courts,

Jr. Olympic-size pool. North Ridge hosts numerous prestigious golf/charity events year-round.

Weingarten Realty

Immediately south of Sommerset Place is a LEED Gold-Certified, award-winning development

known as “the ultimate outdoor gathering place.” North Hills features high-end retail, dining,

Class A offices, residences, luxury hotels and park space. $1.2 Billion total construction.

130+ shops and restaurants, 15 bars, 14-screen cinema, 250+ events annually,

60K sq. ft. gym, 2 grocery stores, 2 pharmacies, 3 banks.

Weingarten Realty

Sommerset Place is

located just 3 miles from

I-540 & 440 beltline, and

minutes from major

retail hubs plus Lake

Lynn and Shelly Lake

recreation areas.

Map

* Demographic data derived from 2010 US Census

POPULATION 1 MILE 3 MILES 5 MILES

TOTAL POPULATION 10,902 77,195 176,392MEDIAN AGE 36.1 39.9 38.5MEDIAN AGE (MALE) 35.2 38.3 37.4MEDIAN AGE (FEMALE) 36.7 41.1 39.3

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

TOTAL HOUSEHOLDS 4,869 34,262 77,528# OF PERSONS PER HH 2.2 2.3 2.3AVERAGE HH INCOME $69,216 $86,135 $90,120AVERAGE HOUSE VALUE $230,321 $329,939 $368,074

DemographicsNorth Raleigh, North Carolina

MAP

Investors Management Group, Inc. is a private real estate investment firm focusing exclusively on the multifamily sector.

Key Principles

Karlin Conklin

Executive VP, Private Equity


Ann Blume

Director, Private Equity


Neil Schimmel

President& CEO


Marc Gordon

Executive VP & CFO

[email protected]

Kevin Crook

Director, Acquisitions


Investors Management Group, Inc. • 22144 Clarendon Ave., Suite 303 • Woodland Hills, CA 91367

Investors Management Group Northwest • 1234 SW 18th Ave., Suite 102 • Portland OR 97205

Daniel Byron

Director, Asset Management


sommerset place...sommerset place 6717 six forks road, raleigh nc 27615 confidentiality &...

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