EXCLUSIVE LISTING TRISTANOS 27 th AVE & DOBBINS RD PHOENIX, ARIZONA

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1 8141 E Indian Bend Rd, Suite 13 Scottsdale AZ 8525 Tel: (48) Fax: (48) EXCLUSIVE LISTING TRISTANOS 27 th AVE & DOBBINS RD PHOENIX, ARIZONA LOCATION Site is located at the Northeast corner of 27 th Ave & Dobbins Rd, Phoenix, Arizona NUMBER OF ACRES Gross NUMBER OF LOTS 4 Partially Developed Lots 8 x 13 SETBACKS 13 Combined Side Yard / 25 Front / 2 Rear APPROVED ZONING R1-18 / City of Phoenix PURCHASE PRICE Contact Brokers for Current Pricing SUGGESTED TERMS Cash. 6-day Feasibility Period with a close of escrow 3-days thereafter. UTILITIES Water Sewer Electric City of Phoenix City of Phoenix Salt River Project CONTACT Grant D. Helgeson, Don McCaul Westland Properties Group COMMENTS This is an excellent infill location with large lots and fabulous mountain views, with good proximity to South Mountain Community College, parks, golf courses and future 22 Freeway expansion. 216 Annual Taxes estimated at $185/Lot. THE INFORMATION CONTAINED HEREIN WAS OBTAINED FROM SOURCES DEEMED RELIABLE, BUT IS NOT GUARANTEED BY THE BROKER. ALL DIMENSIONS, SIZES AND FIGURES ARE APPROXIMATE. THE PROPERTY IS SUBJECT TO PRIOR SALE, PRICE CHANGE OR WITHDRAWAL.

2 27th Ave S 27th Ave W Dobbins Rd W Dobbins Rd S 24th Dr TRISTANOS 4 PARTIALLY DEVELOPED LOTS 8' x 13' 27th AVE & DOBBINS RD PHOENIX, ARIZONA Grant D Helgeson, Designated Broker - Direct: (48) Don McCaul, Broker - Direct: (48) Imagery 217, DigitalGlobe, U.S. Geological Survey, USDA Farm Service Agency WESTLAND PROPERTIES WPG GROUP 8141 E Indian Bend Rd, Ste 13 Scottsdale AZ 8525 Tel: (48) / Fax: (48)

3 S Central Ave S 19th Ave S 7th Ave Linsenmeyer Park Meadows 2 Park Meadows Barcelona W Southern Ave S27 AD Delonna Liberty Sundesh Patel SPR SPR Gangadean Way of Life Fong Vintage III FWC 7DA S&F 35 Southern Laveen Village AZ Lutheran KWC Green Selvia Hernandez Southern Views Laveen SD59 PUHSD Roosevelt SD Clark Garcia Parker Laveen Gardens Rodriguez Roosevelt SD Ward Larson Helander Cantu Hall Silverstone Estates Flores Pina Laveen Village Veneto Hom Goodwin 35 Baseline Guevara Cruz Seiler Laveen Village Villas Siebert Cordova Madison Ranch Santolina Dewitt Norton Siebert Mundall Mundall Baseline Mtn Ranch Martinez Drieseszun Jackson Casillas 19 Commons Dall Towner Genesis Nab Nursery Pina Ramirez Brimet FelixII Gonzalez Wynn Rodriguez Applebee 15th Corona Ranch Silva Silva Herdez BSS SSCW La Hermosa Church SRP Branham Cromer Yacoub Haro Villa SW Note Watanabe Ronstadt Garcia Silva Mountain S&L Property Ruiz New Destiny RVG NW Communications PAH GPIP Fuentes Laveen Landing Silva Madera Estates Hill Estates at Sierra Vista Phoenix De Los Rios Deman Silva Mountain II Wireless Glass Smith MCFC Hallock Branham Wehlen Gallegos Lewis Griffeth Rosell Tristan Dailey Gaona Nakase Larkey Coronado Bello Liebold Chew Ruiz Hellman Eye Dog Foundation S 35th Ave W Baseline Rd 27th Ave Black Bennett Bivens Guerrero Commons Embarcadero Williams Newcastle Dos Palmas South Weiler Silva Mountain III AZ WF Augustine Torrez Carson Phoenix EGR Span Perez 48 Baseline Diko Molodow Haldiman Acorn Beverly Highline Estates Stillman Maria Rose Masjid Uddin Akamai Comercio Roper Nakase Dobbins Place Dobbins 32 Stine Hollandra Farms Knapple LaSalvia W Dobbins Rd Messeto TRISTANOS 4 PARTIALLY DEVELOPED LOTS 8' x 13' 27th AVE & DOBBINS RD PHOENIX, ARIZONA Dobbins Manor Williams Beals Anderson Tristanos Navajo Carangelo En Familia Black Phoenix Bergland Haronid Hom Blake Triana Southern Highlands Grant D Helgeson, Designated Broker - Direct: (48) Don McCaul, Broker - Direct: (48) South Mtn Lofts SEC Central Dobbins Imagery 217, DigitalGlobe, U.S. Geological Survey, USDA Farm Service Agency WESTLAND PROPERTIES WPG GROUP 8141 E Indian Bend Rd, Ste 13 Scottsdale AZ 8525 Tel: (48) / Fax: (48)

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7 SITE REPORT 2617 W Hazelwood St, Phoenix AZ 8541 Prepared by Ben Sanchez at Westland Properties Group Meyers Index Rating ARIZONA W Hazelwood St, Phoenix AZ N W 1

8 2617 W Hazelwood St, Phoenix AZ 8541, Sep. 28, 217 Parcel Details PARCEL CHARACTERISTICS APN Lot Size 15,46 sq ft Zoning S-1.35 acres Land Use RESIDENTIAL LOT Lot Size LAST RECORDED CLOSING Date May. 21, 21 Sale Price $52, Lot Price per sq ft $33.75 OWNER INFORMATION Name Address In Care Of LEXIN TAPESTRY HOMES LLC 654 MADISON AVE #225, NEW YORK - NY, 165 2

9 2617 W Hazelwood St, Phoenix AZ 8541, Sep. 28, 217 Economy Phoenix-Mesa-Scottsdale CBSA Metro Area JOB GROWTH year-over-year Jul. 217 Job Growth: 31,8 new jobs 217 Job Forecast: 46,1 new jobs UNEMPLOYMENT RATE Jul. 217 Unemployment: 4.3% 172,92 115,28 57,64-57,64-115,28-172,92-23,56 Unemployment 217 Forecast: 4.4% F F Maricopa County JOB GROWTH year-over-year TOP EMPLOYERS # employees Aug. 217 Job Growth: 42,16 new jobs 169,32 112,88 56,44-56,44-112,88-169,32-225, Job Forecast: 44,48 new jobs Banner Health 9,145 Honeywell International Inc 7,121 American Express 7,269 Wells Fargo 4,869 Bank of America 4, F EMPLOYMENT BY SECTOR OFFICE ABSORPTION ANNUAL JOB GROWTH BY SECTOR 14,48 1,86 7,24 3,62-3,62-7,24 CON EH F G H I M O PBS NRM TTU 5.4% Construction (CON) 15.% Education & Health (EH) 9.2% Finance (F) 11.1% Government (G) 11.1% Hospitality (H) 1.8% Information (I) 6.1% 3.2% Manufacturing (M) Other (O) 17.3% Professional & Business Services (PBS).1% Natural Resource Mining (NRM) 19.6% Trade, Transport & Utilities (TTU) 3

10 2617 W Hazelwood St, Phoenix AZ 8541, Sep. 28, 217 Community Zip Code 8541 HOUSEHOLD INCOME 217E Median Household Incomes: $42,63 48,15 44,94 41,73 38,52 35,31 32,1 28,89 POPULATION GROWTH 217E Population Growth: 1.2% 8,24 7,21 6,18 5,15 4,12 3,9 2,6 2 HOUSEHOLD GROWTH 217E Household Growth: 7.9% 23,92 2,93 17,94 14,95 11,96 8,97 5, E 222F F Population Growth: 1.95% 217E 222F 222F Household Growth: 1.89% 217E 222F POPULATION BY AGE 217E Median Age: 3year 2 month 21, ,99. 12, ,495. 4, ETHNICITY 19.1% Others 3.1% 1.6%.1% Two Plus SCHOOLS American Indian Pacific Islander Southwest Elementary School score 3/1 Phoenix Coding Academy - Cesar Chavez High School 4/1 85+ Under to to to to to to to % Asian 1.3% Black 25.2% White 38.4% Hispanic CRIME RATE per 1, people Total Crime Rate: Violent Crime Rate: Arizona Property Rate: WALKABILITY Walk Score: 38/ 1 4

11 2617 W Hazelwood St, Phoenix AZ 8541, Sep. 28, 217 Supply Maricopa County PERMITS Jul. 217 Total Residential Permits: 25,373 72,75 57,66 43,245 28,83 14,415 last twelve months Single-family Multifamily LTM NUMBER OF LISTINGS Aug. 217 # of Listings: DAYS ON MARKET Jul. 217 Days on Market: 17,96 listings 63 days 28,725 22,98 17,235 11,49 5,745 Sep, 213 Sep, 214 Sep, 215 Sep, 216 Aug, Aug, 213 Aug, 214 Aug, 215 Aug, 216 Jul, 217 City of Phoenix PERMITS Jul. 217 Total Residential Permits: 6,136 15,95 12,76 9,57 6,38 3,19 last twelve months Single-family Multifamily LTM 5

12 2617 W Hazelwood St, Phoenix AZ 8541, Sep. 28, 217 Supply NEARBY PROJECTS Active Project Upcoming Project Sold Out Project NO PROJECT BUILDER UNIT SIZE PRICE RANGE TYPE 1 Silva Mountain Beazer Homes $22,4 - $263,9 Detached 2 Dobbins Place KDB Management $165, - $196,1 Detached 3 Cottages at Silva Mountain Richmond American Homes N/A Detached 4 Estates at Sierra Vista VIP Homes $246,9 - $36,9 Detached 5 Dobbins Place CalAtlantic Homes $196,45 - $225,45 Detached 6 Laveen Landing Hillstone Homes $222,9 - $273,9 Detached 7 Enclave at Veneto K. Hovnanian Homes $182,99 - $294,931 Detached 8 Courtyards at Madison Ranch Divinity Homes $27,999 - $232,999 Detached 9 Embarcadero Bellago Homes $249,99 - $298,99 Detached 1 Montana Vista Mandalay Homes N/A N/A Detached 11 Laveen Village Richmond American Homes $274,995 - $274,995 Detached 12 Haciendas at Baseline Mounta Courtland Communities $29,99 - $262,99 Detached 13 Barcelona Providence Homes $189,9 - $22, Detached 14 Barcelona Express Homes $27,49 - $252,49 Detached 15 Affinity at Montana Vista K. Hovnanian Homes $228,99 - $272,99 Detached 6

13 2617 W Hazelwood St, Phoenix AZ 8541, Sep. 28, 217 Sales Maricopa County Total Home Closings last twelve months Jul. 217 Total Home Closings: 17,924 Jul. 217 Total Existing Closings: 93,397 Jul. 217 Total New Closings: 14,527 Total Home Sales 231, ,5 139,125 92,75 46, LTM City of Phoenix Total Home Closings Jul. 217 Total Home Closings: 27,794 25,758 2,36 Total Home Sales last twelve months Jul. 217 Total Existing Closings: Jul. 217 Total New Closings: 65,5 52,4 39,3 26,2 13, LTM 8541 Zip Code Total Home Closings last twelve months Jul. 217 Total Home Closings: 1, Total Home Sales Jul. 217 Total Existing Closings: Jul. 217 Total New Closings: 5,1 4,8 3,6 2,4 1, LTM 7

14 2617 W Hazelwood St, Phoenix AZ 8541, Sep. 28, 217 Prices City Of Phoenix CLOSING HOME PRICE Jul. 217 Median Detached New: $324,61 385,23 Jul. 217 Median Detached Existing: $216, ,25 256,82 192, ,41 64, LTM 8541 Zip Code CLOSING HOME PRICE Jul. 217 Median SFD New: $222, ,52 264,6 211,68 158,76 15,84 52, LTM CLOSINGS BY PRICE RANGE Jul. 217 Median SFD Existing: $178,351 last twelve months DETACHED AFFORDABILITY New Existing New Existing K 4K-8K 8K-12K 12K-16K 16K-2K 2K-24K 24K-28K 28K-1.3M 8

15 2617 W Hazelwood St, Phoenix AZ 8541, Sep. 28, 217 Distress City of Phoenix HOUSING TRANSACTION VOLUME BY TYPE last twelve months 31,225 24,98 18,735 12,49 6,245 New Existing Foreclosure Sale Foreclosure NOD LTM NOTICES OF DEFAULT & FORECLOSURES last twelve months Jul. 217 Total Foreclosures: 1,147 Jul. 217 Notices of Default: 2,52 44,975 35,98 26,985 17,99 8, LTM 8541 Zip Code NOTICES OF DEFAULT & FORECLOSURES last twelve months Jul. 217 Total Foreclosures: 66 Jul. 217 Notices of Default: 175 2,775 2,22 1,665 1, LTM 9

16 2617 W Hazelwood St, Phoenix AZ 8541, Sep. 28, 217 Appendix ABOUT Meyers Research, a Kennedy Wilson Company, combines experienced real estate and technology advisors with leading data to provide our clients with a clear perspective and a strategic path forward. Based in Beverly Hills, we are home to 8 experts in 1 offices across the country. DEFINITIONS AND METHODOLOGY All information presented involved the assembly of data sources that we consider to be reliable, including the Bureau of Labor Statistics, CBRE- EA, Nielsen Claritas, Public Record Data, Moody's Analytics, Great Schools, U.S. Bureau of the Census, Zillow, various regional Multiple Listing Service providers, Meyers Research and Zonda. We do not guarantee any data accuracy as all information is subject to human errors, omissions, and/or changes. Meyers Index The Meyers Index is a proprietary index that produces a score ranging from to 1, for a geographic area, ranging from the nation to a specific zip code. A higher index score captures the desirability of housing development for the selected area and is calculated using specific data sets weighted to interpret the strength of the market. Such metrics include price appreciation, sales activity, permit activity, demographic growth, household income levels, school scores, and affordability. Walk Score Walk Score measures the walkability of a zip code from - 1 using a patented system based on access to amenities, population density and road metrics. Methodology and full walk score scale can be viewed at methodology.shtml. Score ranges: car dependent area somewhat walkable daily errands do not require a car. Definitions CM - Current Month E - Estimated F - Forecast LTM - Last 12 Months An international real estate investment and services firm with a success proven legacy. Experienced real estate and technology advisors. A comprehensive research platform with real-time information all in one place zonda@meyersresearchllc.com (877)