Property Highlights. Price $2,400,000 FOR SALE > WELL MAINTAINED, 10 UNIT PLEX WITH EASY ACCESS SW 59th Avenue, Portland, Oregon 97221

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1 FOR SALE > WELL MAINTAINED, 10 UNIT PLEX WITH EASY ACCESS TO DOWNTOWN PORTLAND AND BEAVERTON 4920 SW 59th Avenue, Portland, Oregon Property Highlights > > 10 units (eight 2 bedroom/1 bath; two 3 bedroom/2 bath) > > 100% leased > > Rapidly evolving market > > All units have been updated, with 6 units completely renovated > > New Milgard vinyl windows in 7 of the 10 units > > Parking lot reslurried and restriped with 24 onsite parking spaces > > Good access to Beaverton Hillsdale Hwy > > Quiet neighborhood > > Exterior of building freshly painted this fall > > Close to good schools, shopping and services Price $2,400,000 BETH DUPONT MBA Associate Vice President Investment & Multifamily beth.dupont@colliers.com COLLIERS INTERNATIONAL KEN BOYKO 851 SW Sixth Avenue, Suite 1200 Vice President Portland, Oregon ken.boyko@colliers.com

2 FOR SALE > WELL MAINTAINED, 10 UNIT PLEX WITH EASY ACCESS TO DOWNTOWN PORTLAND AND BEAVERTON 4920 SW 59th Avenue, Portland, Oregon LISTING SUMMARY Price: $2,400, Price per Unit: $240, Price per SF: $ CAP Rate: 5.1% on Stabilized Proforma PROPERTY CHARACTERISTICS MF units: 10 Year Built: 1978 RBA: 9819 Land Area: 23,958SF/0.55 acres Parking: 1.2 Spaces per Unit Taxes: $17,645 ( 2016) Construction: Wood Frame Zoning: R2, Portland APN: R Walk Score 35 Transit Score NORTH Raleigh West Shopping Center SITE Portland Athletic Club Albertson s 4920 SW 59th Avenue Apartments is a 10-unit, two-story apartment property, located in the residential SW Portland Bridlemile neighborhood. Built in 1978, the property has 8 two-bedroom/one bath units (985± sf) and 2 threebedroom/2 bath units (1425± sf). Each unit has hardwood floors in the living room, W/D hookups and a deck, with a separate storage area. All units have been updated with six units completely renovated including: new kitchen cabinets, countertops, flooring, appliances, new Milgard vinyl windows, carpeting and paint. The units are spacious with good natural lighting. In 2010, the old roof was completely taken off and a replaced with a new roof. The exterior of the building was painted this fall and the parking lot was reslurried and restriped and has 24 parking spaces. The property is a 100% leased, but there is room to increase rents and implement a tenant bill-back utility program, (RUBS). Taco Bell Raleigh West Shopping Center Dutch Bro s Coffee Taco Bell BETH DUPONT MBA Associate Vice President Investment & Multifamily beth.dupont@colliers.com KEN BOYKO Vice President Portland, Oregon ken.boyko@colliers.com

3 FOR SALE > 4920 SW 59th, Portland, Oregon DEMOGRAPHICS Portland Highlights > > Strong job growth 2.6% year-overyear as of June 2017 > > 3.7% unemployment rate as of June 2017 > > Oregon s personal income growth was 5.9%, the fifth fastest in the nation (U.S. Bureau of Economic Analysis) > > Oregon s 2016 GDP growth rate was 3.3%, the sixth-highest in the nation. The national growth rate was 1.6% - (U.S. Bureau of Economic Analysis) > > OHSU > > Cambia Health Solutions > > NIKE > > Intel > > Beaverton School District > > Wells Fargo > > The Standard Major Employers > > Portland General Electric > > NW Natural > > XPO Logistics > > US Bank > > OnPoint Credit Union > > Daimler > > Tillamook Creamery Association 2017 Demographics - 1 Mile Radius > > Estimated Population 14,046 > > Proj. Growth Rate +6.4% > > Median Age 54 > > Estimated Households 6,273 > > Estimated Rental Units 2,503 > > Average Household Income $82,630 > > Daytime Employees 6,079 > > Average Household Size 2.2 Source: LandVision & CoStar BETH DUPONT MBA BROKER NAME BROKER NAME Associate Vice President 503 xxx xxxx 503 xxx xxxx Investment & Multifamily PORTLAND, OR PORTLAND, OR xxxx.xxxxx@colliers.com xxxx.xxxxx@colliers.com beth.dupont@colliers.com COLLIERS COLLIERS KEN BOYKO INTERNATIONAL INTERNATIONAL 851 SW 851 Vice Sixth SW President Sixth Avenue, Avenue, Suite Suite Portland, Portland, OR OR Oregon ken.boyko@colliers.com

4 SW 56th Ave FOR SALE > 4920 SW 59th, Portland, Oregon COMPS 2 Bedrooms Address Distance Price Beds Last List Date 1 SW Beaverton Hillsdale Hwy & SW 56 th Ave mi $1,495 2 Bed June OR 10 & SW 56 th Ave SW 56 th Ave. 3 Bedrooms 4 OR 10 & SW 56 th Ave SW 56 th Ave SW Shattuck Rd mi $1,595 2 Bed Oct mi $1,495 2 Bed Oct mi $1,795 3 Bed July mi $1,795 3 Bed July mi $1,650 3 Bed May 2017 Source: Rentometer, Inc NORTH SW 59TH SW Beaverton-Hillsdale Hwy To Beaverton and Hillsboro Downtown PDX This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s) All rights reserved.

5 Current Rent Summary Pro Forma FLOORPLAN UNITS UNIT MIX OCCUP. UNITS % LEASED AVG SF AVG /UNIT AVG / SF* MONTHLY ANNUAL % ANNUAL AVG / UNIT AVG / SF MONTHLY ANNUAL 2 BD/1 BATH 8 80% 8 100% 985 $1,290 $1.31 $10,320 $123, % $1,495 $1.52 $11,960 $143,520 3 BD/1-2BATH 2 20% 2 100% 1425 $1,436 $1.31 $2,880 $34, % $1,795 $1.63 $3,590 $43,080 TOTAL % % $1,363 $1.31 $13,200 $158, % $1,645 $1.57 $15,550 $186,600 *Per CoStar. Buyer to verify all numbers. See notes on income below. Income & Expense OPERATING EXPENSES ANNUAL % INCOME MONTHLY ANNUAL PRO FORMA GROSS S $13, $158, $186, UTILITY CHARGE $0.00 $0.00 $4, OTHER INCOME $0.00 $0.00 $0.00 AVERAGE VACANCY 5% ($660.00) ($7,920.00) ($9,540.00) GROSS INCOME $12, $150, $181, ANNUAL NET OPERATING INCOME $91, $122, Owner s actual 2016 expenses 2 Multifamily NW 2017 Spring Apartment Report - Operating Expenses 3 Other Income - If utilities were billed back at 50% of the annual expenses, or a flat rate of $35.00/mo per tenant, this would add another $4,200 to the annual income 4 Management fee added in at 7% 5 Reserves and turnover fees are added to expenses at $250/unit 6 Rents - Actual rents are from owners current 2017 rent roll. Proforma rents are based on Multifamily NW 2017 Spring Report for two bedroom/1 bath and 3 bedroom/1 bath units in the SW Porltand area combined with a rent survey done of similar units within a half mile radius. Repairs & Maintenance 2 $9, % Management & Leasing 4 $11, % Utilites (Common Area Electricity, Water/Sewer, Trash) Electricity 1 $ % Water & Sewer 1 $8, % Garbage 2 $2, % Landscaping 2 $1, % Reserves $150/Unit 5 $2, % Turnover Expense ($250/Unit) 5 $2, % Property Taxes 1 $17, % Insurance 1 $2, % General & Administrative 2 $ % TOTAL EXPENSES $58, % COLLIERS INTERNATIONAL 851 SW Sixth Avenue, Suite

6 FOR SALE > WELL MAINTAINED, 10 UNIT PLEX WITH EASY ACCESS TO DOWNTOWN PORTLAND AND BEAVERTON 4920 SW 59th Avenue, Portland, Oregon SALE COMPARABLES ANALYSIS Comparable Subject Property Name 4920 SW 59th Avenue Amber Lantern Apartments The Habitat Erin Court Apartments SW Stoddard Drive Property Address 4920 SW 59th Avenue SW Denny Road SW Shaw Street 5735 SW Oleson Road Heritage Court City PROPERTY DATA Year Built/Renovated RBA Number of Units Portland Beaverton Portland Portland Beaverton Beaverton ,819 22,254 9,756 67,060 23,525 14, FINANCIAL DATA Cap Rate 5.1% 5.42% 6% 5.39% 6.70% 5.00% Sale Date 9/19/17 12/29/16 7/25/17 10/30/2017 1/10/17 Sale Price $2,400,000 $3,940,000 $1,170,000 $15,300,000 $3,723,000 $4,200,000 Sale Price PSF $224 $177 $120 $228 $188 $299 Sale Price per Unit $220,000 $187,600 $97,500 $180,000 $160,417 $140, SW 59th Ave., Beaverton, OR This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s) All rights reserved.