Greystone Villas Portfolio

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1 Greystone Villas Portfolio GRAIN VALLEY MISSOURI Michael VanBuskirk, SIOR, CCIM, CRE Executive Managing Director, Principal Investment Sales and Capital Markets Chris Robertson Associate Director Investment Sales and Capital Markets Justin Beal Director

Executive Summary Zimmer Real Estate Services is pleased to present the Greystone Villas, a multifamily portfolio containing 32 villas located in the rapidly growing Grain Valley, Missouri market.

The Greystone Villas are located in a quiet neighborhood with convenient access to Interstate 70.

2 Executive Summary Zimmer Real Estate Services is pleased to present the Greystone Villas, a multifamily portfolio containing 32 villas located in the rapidly growing Grain Valley, Missouri market. The portfolio was recently constructed in 2015 through 2017 offering investors a stable and reliable turn key investment opportunity. The Greystone Villas are located in a quiet neighborhood with convenient access to Interstate 70. Nearby retail corridors along I- 70 offer residents a myriad of shopping, dining and service destinations. Nearby retail corridors along I-70 offer residents a myriad of shopping, dining and service destinations. Less than one mile away, residents will soon enjoy access to a new grocery store and B&B theaters at NE McQuerry Road and Buckner- Tarsney Road. The residents at Greystone Villas benefit from access to the highly regarded Grain Valley School District. The Grain Valley High School was named among the Most Challenging U.S. High Schools by the Washington Post and is ranked in top five percent of public high schools in the United States. INVESTMENT HIGHLIGHTS STABLE CASH FLOWS The Greystone Villas multifamily portfolio offers stable cash flows with a strong existing return at 91% occupancy and low turnover with a majority of the tenants made up of families and seniors who occupy for more than 12 months at a time. HIGHLY DESIRABLE RENTAL UNITS The Greystone Villas features attractive and highly desired finishes and amenities including hardwood floors, granite countertops, walk-in closets, finished basements, two car garages, covered patios, fireplaces and more. STRONG MARKET DYNAMICS The Grain Valley multifamily market conditions continue to improve as population and employment continues to grow. The market continues to tighten, as vacancy rates have dropped over the past year and quoted rental rates increased in the majority of local submarkets. TURN KEY INVESTMENT Greystone Villas is a brand new construction project consisting of 32 villas built within the last 24 months offering investors a clean and hassle free investment. 1

Offering Description Property Address: Number of Units: Square Footage: Greystone Villas 1502 1518 NE Jaclyn Dr, 200 215 Katie Ct, 200 215 Kim Ct, Grain Valley, Missouri 32 units Occupancy: 91%

3 Offering Description Property Address: Number of Units: Square Footage: Greystone Villas NE Jaclyn Dr, Katie Ct, Kim Ct, Grain Valley, Missouri 32 units Occupancy: 91% 68,800 square feet Year Built: Zoning: R-1 & R-3 Unit Size: Unit Type: Unit Amenities: Amenities: 2,150 square feet 2 & 4 Bedrooms 2 Car Garage, Covered Patios, Hardwood Floors, Custom Cabinets, Granite Counter Tops, Walk-In Pantries, Washer and Dryers Maintenance Free School District: Grain Valley R-5 32 Units In-demand and market functional Multifamily Assets $6,003,896 Offering Price $187,621 per Unit 6.75% Projected Year One Cap rate Offers investors strong Reliable yield 91% Leased Quality tenancy, stable cash flows Nationally Recognized Public Schools Grain Valley Public Schools 2

Multifamily Market Overview MARKET RENT GROWTH Vacancy Rates Over the

substantial increase in rents for all multifamily units including an

Class A deliveries continue to drive demand throughout the market.

market to see improved vacancy rates over the last several years.

4 Multifamily Market Overview MARKET RENT GROWTH Vacancy Rates Over the last 24 to 36 months the Kansas City multifamily market has seen a substantial increase in rents for all multifamily units including an increase of nearly 10% for class B and C product. Class A deliveries continue to drive demand throughout the market. VACANCY Positive absorption totals have enabled the local apartment market to see improved vacancy rates over the last several years. Grain Valley Submarket 4.1% Vacancy Rate In-demand multifamily rentals drive down market vacancy rates 4

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Local Office Locations: Kansas City 1220 Washington St., Suite 300 Kansas City, MO 64105 816.474.

2000 Michael VanBuskirk, SIOR, CCIM, CRE Executive Managing Director, Principal Investment Sales and Capital Markets 816.

8 Local Office Locations: Kansas City 1220 Washington St., Suite 300 Kansas City, MO Eastern Jackson County 1485 SW Market Street Lee's Summit, MO Michael VanBuskirk, SIOR, CCIM, CRE Executive Managing Director, Principal Investment Sales and Capital Markets Chris Robertson Associate Director Investment Sales and Capital Markets Justin Beal Director

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Cottages of Old Town and Hidden Meadows Portfolio RAYMORE MISSOURI Michael VanBuskirk, SIOR, CCIM, CRE Executive Managing Director, Principal mvanbuskirk@zimmercos.com 816.512.1010 Chris Robertson Associate