COPPERLEAF APARTMENTS 4206 FRANCES STREET Omaha, NE 68105

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1 OFFERING MEMORANDUM 4206 FRANCES STREET Omaha, NE UNIT APARTMENT COMMUNITY Capit al M ar ket s I nve s t m e n t Pr o p e r t ie s

2 THE OFFERING CBRE MEGA is pleased to present the opportunity to acquire Copperleaf Apartments, an 87-unit apartment community in Omaha, Nebraska. Copperleaf represents a unique opportunity for an investor to acquire a welllocated apartment community in one of the strongest submarkets in the Omaha MSA. Copperleaf Apartments consists of a quality 87-unit apartment complex housed in three buildings with 14 garages. The two west buildings face each other and feature a beautiful shaded courtyard with mature landscaping. The east building faces west and offers terrific views to the west. All apartments are accessed by direct exterior doors to the units with covered community balconies and railings. The roofing is pitched with asphalt composite shingles, and all roofs were replaced in The apartments are heated by individual electric furnaces and cooled by central air units. The complex is separately metered for electric, thus the tenants are paying their own electric, heat/ac utility costs. Hot water is provided by electrically fired community type 120-gallon hot water heaters. Community laundry facilities are provided in all three buildings with additional storage areas for residents. The attractive, manicured lawn is watered by an in-ground irrigation system. INVESTMENT SUMMARY OFFERING PRICE TO BE DETERMINED BY MARKET NET OPERATING INCOME $317,103 UNITS 87 TOTAL RENTABLE SQUARE FEET 57,330 SF AVERAGE UNIT SIZE 659 SF YEAR BUILT 1978 AVERAGE MARKET RENT PER MONTH $595 AVERAGE MARKET RENT PER SF $0.92 OCCUPANCY (NOV. 2018) 100% ASSESSED VALUE $2,314,700 2

3 INVESTMENT HIGHLIGHTS Below are some contributing factors that makes Copperleaf Apartments an outstanding, long-term investment opportunity. + + Convenient Location Copperleaf is located just 1.2 miles north of Interstate 80 and minutes from downtown. Additionally, the property is located just southwest of the intersection of 42nd and Center Streets, allowing for convenient east/west and north/ south access. + + Close Proximity to Major Employers and Retail Amenities Copperleaf is located across the street from the Omaha VA Medical Center, the Douglas County Health Center and the Center Retail Mall. The property also enjoys close proximity to the University of Nebraska Medical Center, the University of Nebraska at Omaha, Creighton University, Metropolitan Community College, College of St. Mary and Creighton University Medical Center. These are among the major employers and schools within minutes of the subject property. In addition, Copperleaf is located within minutes of Aksarben Village, a one million square foot mixed-use development, Midtown Crossing, a 16-acre mixed use development, the revitalized historic Blackstone District and the Dodge and Center street retail corridors, providing residents convenient access to shopping, dining and entertainment. + + Economic Stability Omaha is an economically stable market that boasts one of the lowest unemployment rates in the country at approximately 2.7%. As a general rule, Omaha is a market that sees gradual increases over time without sizable increases or declines. + + Value Add Opportunity Current rents are in the lower to mid range of the competitive set. With a continuation of the unit upgrades and further enhancements to the common areas, a new owner has an opportunity to significantly add value. + + High Demand/Limited Product Investor demand for value add opportunities in markets like Omaha is at an all time high. + + Job Growth Area Rents in the immediate vicinity of the University of Nebraska Medical Center have dramatically increased. Located one mile south of UNMC, Copperleaf is poised to benefit from the area's rising rents and high job growth. + + Free and Clear - Copperleaf is being offered free and clear of existing debt. 3 INVESTMENT SUMMARY

4 PROPERTY DESCRIPTION + + Property Address: 4206 Frances Street, Omaha, NE Location: Southwest of 42nd and Center Streets + + Jurisdiction/Taxes: Douglas County, parcel ID # Year Built: Asset Type: Three-story, garden style walk up + + Number of Units: Number of Buildings: Three 3-story apartment buildings - East building (4206) contains 35 apartments while 4216 and 4226 buildings each contain 26 apartments - and one 14-stall garage building + + Size of Site: 1.66 acres (72,400 SF) + + Net Rentable Area: 57,330 SF + + Average Unit Size: 659 SF + + Occupancy: 100% (November 2018) + + Building Construction: Exterior: 70% brick veneer, 20% wood lap siding, 10% stone veneer Roofs: Pitched with asphalt shingles + + Community Amenities: 89 Parking Spaces: 14 garages and 75 surface stalls On-street parking allowed within close proximity Storage units available + + Interior Features: Laundry facilities - each building contains two sets of washer/dryer (Owned by the property) Kitchen appliances in each unit include refrigerator/freezer, electric range/self-cleaning oven, microwave (some units), dishwasher and stainless steel sink with garbage disposal Ceiling fans (most units) Walk-in closets in two-bedroom units Ten of the units have been remodeled in the last five years with new cabinets, flooring, doors and light fixtures. + + Unit Mix: Description Total Units Percent Mix SF 1 Bed / 1 Bath 69 79% Bed / 1 Bath 18 21% 860 TOTAL/AVG % Utilities/Services: Utility/Service Provider Paid By Electricity OPPD Resident Water/Sewer MUD Property Trash City of Omaha Property Telephone Various Resident Cable TV Cox Communications Resident Internet Various Resident 4

5 C O P P E R LE AF A PA R TM ENTS PROPERTY PHOTOS 5

6 CONTACT US MARK SEGER Executive Vice President JEREMY FINK First Vice President Capit al M ar ket s I nve s t m e n t Pr o p e r t ie s CBRE MEGA Davenport Street Suite 300 Omaha, NE