60,499 RSF KROGER SHADOW ANCHORED SHOPPING CENTER CREEKSIDE CROSSING RALEIGH-DURHAM NORTH CAROLINA GLENWOOD PLAZA 1

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1 60,499 RSF KROGER SHADOW ANCHORED SHOPPING CENTER RALEIGH-DURHAM NORTH CAROLINA EXECUTIVE SUMMARY 1 EXECUTIVE SUMMARY GLENWOOD PLAZA 1

2 The Opportunity Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp., a North Carolina licensed real estate broker ( HFF ), has been retained as the exclusive sales representative for Creekside Crossing, a 100% leased neighborhood shopping center anchored by Dollar Tree (NASDAQ: DLTR), Tuesday Morning (NASDAQ: TUES), and Planet Fitness (NYSE: PLNT), and shadow anchored by Kroger (NYSE: KR). The Property is located in Raleigh, NC at the highly trafficked Wake Forest Rd and E Six Forks Rd intersection (65,000 VPD combined). Creekside Crossing offers investors a shadow grocery anchored shopping center in "The Triangle", a high growth submarket of Raleigh, NC. With wellknown national anchor tenants, shared access with the highest performing Kroger in the submarket, and little to no deferred maintenance, the future owner will reap the benefits of predictable cash flow and increasing retail demand in the area. Property Summary ADDRESS 4 E Six Forks Road Raleigh, NC OCCUPANCY 100% GLA 60,499 RSF ANCHOR TENANTS Planet Fitness, Dollar Tree, Tuesday Morning IN-PLACE NOI $752,868 PRICE Best Offer SITE SIZE 6.57 Acres PARKING 295 spaces 4.88 per 1,000 TRAFFIC COUNTS 33,000 VPD on Wake Forest Road 32,000 VPD on E Six Forks Road YEAR BUILT Wake Forest Demographic Highlights Research Triangle Park 5 RALEIGH-DURHAM INTERNATIONAL AIRPORT % 92,345 $92,700 PROJECTED POPULATION GROWTH IN THE NEXT 5 YEARS POPULATION WITHIN 3 MILE RADIUS ESTIMATED AVERAGE HOUSEHOLD INCOME WITHIN 3 MILE RADIUS Morrisville UMSTEAD P ARK The Triangle Highlights 5 CARY 64 1 RALEIGH Knightdal 4.3% millennial population growth unemployment rate in the past five years 11.4% NO. 1 BEST BIG CITY IN THE SOUTHEAST (COMPARED TO 2.2% U.S. GROWTH) TIME MAGAZINE (2016) Apex EXECUTIVE SUMMARY 2 1 Garner 70 NO. 2 CITIES CREATING THE MOST TECHNOLOGY JOBS IN 2015 FORBES NO. 2 FASTEST GROWING LARGE U.S. CITY BETWEEN NOW AND 2030 UNITED NATIONS POPULATION DIVISION NO. 3 IN THE NATION IN RENT GROWTH (23%) IN THE PAST 24 MONTHS CBRE RESEARCH 2015

3 Investment Highlights TENANT ROSTER STABLE & DIVERSE CASH FLOWS Anchor tenants have long-term leases with multiple option periods. National tenants account for 84% of the GLA and 73%+ of Base Rental Revenue. The center is comprised of value-oriented necessity and service retailers resilient in economic downturns. 7 years of weighted average lease term remaining. RUCKER STREET SUITE TENANT SF 101A Tuesday Morning 12, Dollar Tree 13, Planet Fitness 24, Tropical Chicken 3, Sweet T Salon 1, Jumbo China 1, Billionaire s Barber 1, MetroPCS 1, CNP Nails 1,320 Creekside Cros 191 Triangle Toner 1,248 TOTAL SF 60,499 Raleigh, NC Suite 4 Tenant WAKE FOREST ROAD (33,000 VPD) Pylon Sign A SELBY DRIVE 101A Tuesday Morning 131 Dollar Tree 151 Planet Fitness 171 Tropical Picken Chicken 181 Sweet T Salon 183 Jumbo China 185 Billionaire s Barbershop 187 Metro PCS 189 CNP Nails 191 Triangle Toner 350 (separately owned) US Postal Service Kroger Supermarket Outparcels (separately owned) Arby s McDonald s BP Discount Tire Burger King Triangle Auto Texaco Xpress Lube Multi-Tenant Building (separately T-Mobile Pizza Hut Supercuts Qdoba Mexican Grill Jasmine Meditteranean EAST SIX FORKS ROAD (32,000 VPD) Landlord does not covenant that any occupant indicated h in the space marked or in this shopping center. Nothing c be deemed to limit, waive, or lessen the rights of Landlord exhibit shows only Tenant s location in the Landlord s p scale drawing showing size, etc. EXECUTIVE SUMMARY 3 CONTINENTAL REALTY CO Relationships. Integrity. T

4 NORTH HILLS MIDTOWN GREEN (214 UNITS) BUILT 2014 HIGH-GROWTH, INSIDE-THE-BELTLINE LOCATION IN RETAIL DESTINATION PROXIMATE TO NORTH HILLS. ALLISTER NORTH HILLS (434 UNITS) BUILT 2013/2014 DUKE RALEIGH HOSPITAL I- (126,461 VPD) WAKE TECH BELTLINE EDUCATION CENTER ANDERSON FLATS (182 UNITS) BUILT 2016/2017 TOWNES AT CHESWICK (90 UNITS) BUILT 2016/2017 COURTYARD BY MARRIOTT JONES GRANT URBAN FLATS (243 UNITS) BUILT 2015 AVENUES APARTMENTS II (297 UNITS) BUILT 2017 WAKE FOREST ROAD (33,000 VPD) (Future Development) AVENUES APARTMENTS I (298 UNITS) BUILT 2015 EAST SIX FORKS ROAD (32,000 VPD) AFFLUENT, HIGH-GROWTH MARKET WITH LOW VACANCY Dense, in-fill market with strong population (+92,000) and projected growth (12.5%) in the next 5 years, and high incomes (+$92,000) within 3 miles. Raleigh is the ninth-fastest growing city in the U.S. in High-performing retail shopping center submarket with vacancy rate of only 2.8% (Six Forks/Falls of Neuse). The exceptional growth in this area will continue to strengthen the need for service, value, and necessity-based retail, all of which will benefit Creekside Crossing.. HIGHLY TRAFFICKED INTERSECTION WITH GROCERY DEMAND The strength of this retail intersection is highlighted by exceptional grocer demand. The Property is shadow anchored by Kroger, sits to the west of Costco, and southwest of a Trader Joes and future Wegman s (to be completed in 2018). One of the first Wegman's grocery store developments is slated for completion in 2018 at the NE corner of Wake Forest Rd and E Six Forks Rd. Creekside Crossing stands to benefit from the increasing retail demand and traffic in the immediate trade area. EXECUTIVE SUMMARY 4

5 DYNAMIC LOCATION WITH PREMIER ACCESSIBILITY Inside the Beltline Location with Increasing Residential and Retail Growth E Six Forks Rd and Wake Forest Rd (65,000 VPD) Unparalleled Regional Connectivity via I- (<0.5 miles) and I- (2.0 miles) ROBUST DEMOGRAPHIC ENCLAVE & STRONG ECONOMIC DRIVERS Exceptional Employment Base & Attractive Quality of Life Outstanding Demographics: AHHI $92,700; Population 92,345 Highly Educated Workforce Driven by Three Tier-1 Research Universities in The Triangle 4.5 Miles 23.2 Miles 29.0 Miles Population 1-Mile 3-Mile 5-Mile 2021 Projection 9, , , Estimate 8,249 92, , Est. Average Household Income $96,992 $92,700 $80,789 College Graduate or Better 56.2% 50.8% 45.4% Average Household Income THE TRIANGLE OVERVIEW The Triangle region, encompassing the Raleigh- Durham-Cary-Chapel Hill CSA, is home to over two million residents and enjoys the distinction of being one of the fastest growing metropolitan areas in the country. Between 2000 and 2015, the area welcomed more than 802,000 newcomers for a sixty two percent cumulative uptick in population and was recently projected by the United Nations Population Division to be the #2 Fastest Growing Large City in the U.S. between now and The Triangle name references the geographic location of the area s three esteemed educational, medical, and research universities: North Carolina State University in Raleigh, Duke University in Durham, and the University of North Carolina in Chapel Hill. In a New York Times corporate study, Duke s graduates were shown to be among the most sought-after and valued in the world 14,832 Students enrolled Top 10 $1.4 Billion Invested in expenditures research, the Seventh largest in the nation Ranked 5th best public college in the U.S. by U.S. News & World Report in 2015 Offers degrees in over 70 courses of study through 14 colleges university by The Wall Street Journal, The Washington Post, U.S. News & World News 29,084 Students Enrolled 34,000+ Students Enrolled LARGEST university in the Carolinas No. 6 Nuclear Engineering Known program for its engineering, statistics, agriculture, and life sciences programs EXECUTIVE SUMMARY 5

6 60,499 RSF KROGER SHADOW ANCHORED SHOPPING CENTER R A L E I G H - D U R H A M N O R T H C A R O L I N A investment advisors RYAN CLUTTER Senior Managing Director rclutter@hfflp.com TOM KOLARCZYK (LEAD CONTACT) Associate Director tkolarczyk@hfflp.com JOHN OWENDOFF Managing Director jowendoff@hfflp.com JORDAN LEX Director jlex@hfflp.com debt + structured finance TRAVIS ANDERSON Senior Managing Director tanderson@hfflp.com CORY FOWLER Associate Director cfowler@hfflp.com 201 NORTH TRYON STREET SUITE 10 CHARLOTTE, NORTH CAROLINA SIX FORKS ROAD SUITE 918 RALEIGH, NORTH CAROLINA 27609