CLEARWATER FARM APARTMENTS. Realty Funding Group, LLC 5401 LOWERFIELD DR. LOUISVILLE, KENTUCKY AVAILABLE FOR SALE

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1 CLEARWATER FARM 5401 LOWERFIELD DR. LOUISVILLE, KENTUCKY AVAILABLE FOR SALE A 472 unit apartment community built in 2007 & 2008, located in Louisville, Kentucky Realty Funding Group, LLC

2 EXECUTIVE SUMMARY Realty Funding Group, LLC is pleased to announce the exclusive listing of Clearwater Farm Apartments, a 472 unit multifamily Class A complex located in the southeastern quadrant of Louisville, KY. The property was built in 2007/2008 and is one of the few Class A properties in the submarket. Clearwater presents the opportunity to own a workforce apartment community serving the immediate population and local industry, while maintaining a basis well below replacement cost. Clearwater Farm Apartments offers excellent potential for a value-add scenario with unit interior updates such as granite countertops, cherry wood cabinets, kitchen backsplash, stainless steel appliances, as well as renovate/remodel the clubhouse and upgrade the amenities to achieve rent premiums. The city of Louisville is home to a dynamic, diversified economy and continues to attract companies with its central location, attractive riverfront setting, and southern hospitality. The presence of the United Parcel Service (UPS) WorldPort; Humana, Norton, and KentuckyOne health care providers; GE Appliance Park; two Ford Motor Company assembly plants; and a recently merged city and county government have played a large role in the continued growth of Louisville. INVESTMENT HIGHLIGHTS: Class A apartment community below replacement cost Well maintained, low density, 2-story brick construction Located close to major transportation arteries and surrounded by major employers Expanding Louisville economy, driven by manufacturing, distribution and healthcare Consistently high occupancy Outstanding Value-Add opportunity for the new owner to increase rents 4

3 PROPERTY SUMMARY Property Name: Address: Clearwater Farm Apartments 5401 Lowerfield Drive, Louisville, KY Year Completed: 2007 & 2008 Number of Buildings: 34 Stories: Total Square Footage: Two 501,372 Net Rentable SF Number of Units: 472 Average Unit Size: 1,063 Traffic Count at Entrance 21,280 vehicles/day ADDITIONAL INFORMATION Taxing County: Jefferson HVAC: Individual Water Heater Individual electric Roofs: Pitched Exterior: Brick Clearwater Farm Apartments is a Class A apartment community located in Louisville, KY. Clearwater Farm was constructed in 2007 & 2008 and is comprised of 472 units. Additionally, the property contains a historic resident clubhouse, two swimming pools, courtyard, and on-site laundry center. Clearwater Farm consists of 34 two-story residential buildings with brick exteriors. All buildings have pitched roofs and all units have individual electric hot water heaters. The property is located less than 1 mile from the GE Appliance Park. Each unit on the property contains a patio or deck and has an exterior entrance. The property has an attractive unit mix of 168 1bd/1ba units, 136 2bd/1ba units, 136 2bd/2ba units, and 32 3bd/3ba units, totaling 472 units. Most units contain washer/dryer hookups, private patios/balconies, ceiling fans, oversized closets, microwaves, dishwashers, electric stoves, garbage disposals, and refrigerators. 6

4 LOCATION AERIAL - MICRO Interstate 264 Liberty High School Thomas Jefferson Middle School Louisville International Airport Rangeland Elementary School CLEARWATER FARM Interstate 65 Moore High School Interstate

5 KEY EMPLOYERS Floyd Memorial Hospital 1,700 Employees Kindred Healthcare 2,200 Employees Humana, Inc HQ 12,900 Employees Ford Motor Company Kentucky Truck Plant 4,500 Employees KU Energy 2,000 Employees Norton Healthcare 10,700 Employees KentuckyOne Health, Inc. 6,000 Employees Catholic Archdiocese 2,200 Employees UPS Global Operations Center 20,000 Employees GE Appliances 6,000 Employees Louisville International Airport 650 Employees Ford Motor Company Louisville Assembly Plant 4,500 Employees CLEARWATER FARM 38

6 CLEARWATER FARM A 472 unit apartment community built in 2007 & 2008, located in Louisville, Kentucky exclusive for additional multifamily information offeringplease contact david feiner dfeiner@millerfrishman.com david frishman dfrishman@millerfrishman.com Realty Funding Group, LLC Realty Funding Group, L.L.C E. Mississippi Avenue Suite 700 Denver, Colorado