BIGFOOT MOBILE HOME PARK

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Alice Harvey
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1 Mobile Home Investment Property SE Highway 26, Sandy, Oregon MOBILE HOME PARK INVESTMENT 136 NE 28 th Avenue Portland, Oregon Office Fax

2 Subject Property Exterior Photos This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

3 INVESTMENT SUMMARY Summary Price: $2,225,000 Down Payment: 25% $556,250 Number of Units: 40 Location SE Highway 26 Sandy, Oregon Financing Summary New Multi-Family Loan in the amount of Price/Unit: $55,625 $1,668,750 Land Acres: 4.75 at 5.00% Principal and Interest Amortized over 30 Years Land Price/SF: $11 Current Cap: 6.76% Market Cap: 7.47% Parcel ID Current GIM 8.7 Lot Size Market GIM 8.1 Utilities paid by Tenant Additional Information : & Acre (206,910 SF) Electricity Year Built: 1938 INCOME Annualized Operating Data Annualized Expenses Current Market 2018 Estimated % EGI Per Unit EXPENSES Scheduled Rent Income $253,560 $272,700 Taxes $9,588 - $240 RUBS/Laundry $16,566 $16,566 Insurance $4,986 - $125 Scheduled Gross Income $270,126 $289,266 Water & Sewer (Septic) $4,383 - $110 Less: Vacancy (5%) ($13,506) ($14,463) Trash/Recycling $9,416 - $235 Effective Gross Income $256,620 $274,803 Electricity $34,524 - $863 Less: Expenses ($106,258) ($108,621) Management $20, % $513 Net Operating Income $150,362 $166,181 Maintenance & Repairs & Landscaping $7, % $192 Turnover & Cleaning $5, % $128 Year 1 Debt Service ($107,499) ($107,499) Reserves $10,000 - $250 Pre-Tax Cash Flow $42,864 $58,683 Principal Reduction $24,620 $24,620 Total Expenses $106, % $2,656 Total Return 12.1% $67, % $83,303 Cash Yield 7.7% $42, % $58,683 Scheduled Income Current Market Total Units Unit Type Rent Rent 4 House / Cabin $650 - $995 $725 - $ Tiny House $475 $475 5 Apartment $700 - $950 $795 - $ MH Space $475 - $485 $475 - $ RV Space $350 - $525 $395 - $ $21,130 $22,725 This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

4 Rent Roll Unit # Unit / Space Type Rent 1 Apt (1BR/1BA) $725 2 Apt (2BR/1BA) $850 3 Apt (1BR/1BA) $850 4 Apt (1BR/1BA) $950 5 Apt (Studio) $700 6 House (2BR/1BA) $825 7 Cabin $850 8 Cabin $ MH (SW) $ A Tiny House (2BR/1BA) $ B Tiny House (2BR/1BA) $ MH (DW) $ RV $ MH (SW) $ MH (SW) $ MH (SW) $ MH (DW) $ MH (SW) $ MH (DW) $ MH (DW) $ MH (SW) $ RV $ RV $ Tiny House (2BR/1BA) $ Tiny House (2BR/1BA) $ MH (SW) $ MH (SW) $ MH (SW) $ RV $ RV $ RV $ RV $ RV $ House (2BR/1BA) $ RV $ RV $ RV $ RV $ RV $ RV $400 $21,130 This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

5 Subject Property Description Bigfoot Mobile Home Park is a well-established park in a quiet forest-like setting. It is comprised of two (2) single family homes, two (2) cottages, four (4) tiny houses, a five (5) unit apartment building, four (4) double wide mobile home spaces, nine (9) single-wide mobile home spaces and fourteen (14) RV spaces. The Property is zoned RRFF5 which may allow cannabis cultivation as an accessory use. Location Bigfoot Mobile Home Park is located on Highway 26, on what was the Barlow Road segment of the Oregon Trail, just east of Sandy, Oregon. The City of Sandy is the commercial center of a rural area with a population of approximately 20,000. Sandy is located about 30 miles from downtown Portland. There is a bus from Sandy that connects to the Tri-Met's MAX light rail line at the Gresham Transit Center. To the east 40 miles is the Mt. Hood recreation/skiing area, one of the most popular ski resorts in Oregon. Sandy has a thriving business base, including many stores and services for visitors to the Mt. Hood Recreation Area. Located on the foothills of the Cascade Mountain Range, the city offers a vast system of parks, including the 1.75-mile Tickle Creek Trail, neighborhood playgrounds and the 127-acre Sandy River Park. Sandy is also a popular biking destination. This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

6 Aerial Photo *Lot boundary is approximate

RENT SURVEY PROPERTY LOCATION Bigfoot MHP 47000 SE Hwy 26, Sandy, OR 97055 *Subject Property

Double Wide MH Space 9 Single Wide MH Space 14 RV Space CURRENT RENT $825- $995 $650 - $850

Water/Sewer Trash 38643 Strawbridge Sandy, OR 07055 1992 N/A Space Double Wide $540 MGMT RMLS

7 RENT SURVEY PROPERTY LOCATION Bigfoot MHP SE Hwy 26, Sandy, OR *Subject Property YEAR BUILT TOTAL # OF UNITS UNIT TYPE House 2 Cabin 4 Tiny House 5 - Apartment 4 Double Wide MH Space 9 Single Wide MH Space 14 RV Space CURRENT RENT $825- $995 $650 - $850 $475 $700 - $950 $475 $475 - $485 $350 - $525 UTILITIES INCLUDED SOURCE PHOTO MGMT Owner Water/Sewer Trash Strawbridge Sandy, OR N/A Space Double Wide $540 MGMT RMLS 11/15/ SE Bluff Rd Sandy, OR Space Single Wide $550 MGMT Water/Sewer Trash RMLS 8/22/17

PROPERTY LOCATION Big Valley Woods 32700 SE Leewood Ln Boring, OR

CURRENT RENT UTILITIES INCLUDED SOURCE PHOTO $760 MGMT RMLS

Space Double Wide $527 MGMT Water/Sewer Trash RMLS 6/5/17 17655 SE

8 PROPERTY LOCATION Big Valley Woods SE Leewood Ln Boring, OR YEAR BUILT TOTAL # OF UNITS UNIT TYPE Space Double Wide CURRENT RENT UTILITIES INCLUDED SOURCE PHOTO $760 MGMT RMLS Water/Sewer 6/19/17 Trash Sunset St Sandy, OR N/A Space Double Wide $527 MGMT Water/Sewer Trash RMLS 6/5/ SE Bluff Rd Sandy, OR Space Single Wide $563 MGMT Water/Sewer Trash RMLS 4/20/17

RECENT SALES COMPARABLES PROPERTY LOCATION Bigfoot MHP 47000 SE

RATE SOLD PHOTO 1938 40 $2,225,000 $55,625 6.

Portland, OR 97236 1951 40 $2,825,000 $70,625 5.

9 RECENT SALES COMPARABLES PROPERTY LOCATION Bigfoot MHP SE Hwy 26 Sandy, OR YEAR BUILT # UNITS PRICE PRICE / UNIT CAP RATE SOLD PHOTO $2,225,000 $55, % TBD *Subject Property Tonisgah MHP 4264 SE 122nd Ave Portland, OR $2,825,000 $70, % Dec 2017 SOLD by Nine Oaks MHP 4239 SE 122nd Ave Portland, OR $1,050,000 $70, % Aug 2017

PROPERTY LOCATION Fir Haven MHP 17007 SE Stark Street Portland,

Portland, OR 97266 1977 30 $1,780,000 $59,333 6.

10 PROPERTY LOCATION Fir Haven MHP SE Stark Street Portland, OR YEAR BUILT # UNITS PRICE PRICE / UNIT CAP RATE SOLD PHOTO $2,295,000 $45, % Aug 2016 SOLD by Viking Mobile Home Park 3441 SE 111th Ave Portland, OR $1,780,000 $59, % July 2016 Coronet Mobile Manor SE McLoughlin Blvd Milwaukie, OR $2,400,000 $58,537 N/A June 2016

PROPERTY LOCATION Arbor Mobile Home Park 6415 NE

PRICE / UNIT CAP RATE SOLD PHOTO 1981 118 $7,000,000 $59,322

Portland, OR 97236 1991 10 $700,000 $70,000 4.

11 PROPERTY LOCATION Arbor Mobile Home Park 6415 NE Killingsworth St Portland, OR YEAR BUILT # UNITS PRICE PRICE / UNIT CAP RATE SOLD PHOTO $7,000,000 $59, % March 2016 Foster Road MHP SE Foster Rd Portland, OR $700,000 $70, % Aug SE Highway 224 Damascus, OR $2,600,000 $40, % April 2015

FIR HAVEN MOBILE HOME PARK

FIR HAVEN MOBILE HOME PARK 46 Mobile Home / RV s + 8 Apartments Investment Property 17007 SE Stark Street, Portland, Oregon 97030 MOBILE HOME/RV PARK & MULTI-FAMILY INVESTMENT 136 NE 28 th Avenue Portland,