U-DISTRICT HIGH-RISE LAND PORTFOLIO SEATTLE WASHINGTON 2.02 ACRES

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1 U-DISTRICT HIGH-RISE LAND PORTFOLIO SEATTLE WASHINGTON 2.02 ACRES Transit Oriented Development: Adjacent to U-District Link Light Rail Station 1,000+ Residential Units 600,000+ SF Office 900+ Hotel Keys Multiple High-Rise Sites

2 For more information, visit Elliott ay SEATTLE CD SOUTH LAKE UNION QUEEN ANNE CAPITOL HILL EASTLAKE Lake Union FREMONT MONTLAKE 5 WALLINGFORD 520 Portage ay UW/HUSKY STADIUM LINK STATION 4 MINUTES TO CAPITOL HILL 10 MINUTES TO DOWNTOWN OF WASHINGTON 47K FULL-TIME STUDENTS 25K FACULTY AND STAFF C U-DISTRICT LINK STATION FUTURE LINK LIGHT RAIL SERVICE SCHEDULED 2021 A NE 45 TH ST ROOKLYN AVE NE WAY NE DISTRICT VILLAGE 120+ UPSCALE SHOPS & RESTAURANTS U-District High-Rise Land Portfolio 2

3 For more information, visit ROOKLYN AVE NE OF WASHINGTON A 12TH AVE NE NE 45RD ST U-DISTRICT LINK STATION FUTURE LINK LIGHT RAIL SERVICE SCHEDULED 2021 NE 43RD ST C U-DISTRICT HIGH-RISE LAND PORTFOLIO CRE, Inc., as exclusive advisor, presents the opportunity to acquire the U-District High-Rise Land Portfolio, three sites containing 2.02 acres of an urban campus in the University District neighborhood of Seattle, Washington. The Sites are offered to prospective developers as long-term ground leases, and may be acquired either independently or collectively. The Portfolio is situated nearly adjacent to the U-District Link Light Rail Station scheduled to open in 2021, providing direct light rail access to the Seattle CD in 12 minutes. The Sites offer immediate proximity to the University of Washington, a globally-recognized university that is annually rated among the top research organizations in the world. Significantly, the Portfolio is located just minutes from South Lake Union, home to Amazon s corporate headquarters campus, the ill and Melinda Gates Foundation, Google, Facebook and the Fred Hutchison Cancer Research Center. The prime location presents an opportunity to capitalize on the significant demand generated by the globally recognized institutions and organizations located in the Seattle area. The U-District High-Rise Land Portfolio currently includes multiple incomeproducing surface parking lots with minimal structural improvements. A recent rezone of the U-District allowing for higher density developments offers the potential for a similar wave of development experienced in South Lake Union that will change the landscape of the neighborhood. Current ownership retained Weber Thompson Architects to conduct a feasibility study for residential, office and hotel development options allowable under the recently expanded zoning standards. Weber Thompson envisions over 1,000 units of residential, 600,000 square feet of office or biotechnology space, or 900 keys of hotel. The increased density allowed under the new zoning will allow a wide range of optionality that addresses the demand drivers of the University District. U-District High-Rise Land Portfolio 3

4 OF WASHINGTON For more information, visit EXECUTIVE SUMMARY DEVELOPMENT OPPORTUNITIES A C DISTRICT Site Locations NE 47TH ST A.1 A.2 C.1 C.2 A.1 A.2 Total Site Area 38,706 SF 0.89 Acres 20,600 SF 0.47 Acres 28,840 SF 0.66 Acres Addresses A.1: th Ave NE A.2: 4534 rooklyn Ave NE : 4536 rooklyn Ave NE C.1: 4236 rooklyn Ave NE C.2: 4227 University Way NE HOTEL DECA Parcel Numbers A.1: A.2: Zoning A.1: SM-U A.2: SM-U : C.1: C.2: : SM-U C.1: SM-U C.2: NC3P-65 Max Residential FAR 12.0 FAR 12.0 FAR 10.0 FAR Max Non-Residential FAR 7.0 FAR 7.0 FAR 7.0 FAR WEER THOMPSON YIELD STUDY 12TH AVE NE UW TOWER NE 45TH ST ROOKLYN AVE NE LINK LIGHT RAIL FUTURE STATION AVE NE OOKSTORE OOKSTORE PARKING 15TH AVE NE Residential Units 264 Units 294 Units Office 271,000 RSF 144,000 RSF 190,000 RSF NE 43RD ST Hotel 409 Keys 212 Keys 288 Keys Parking 342 Stalls (all schemes) 207 Stalls (all schemes) 50 Stalls* (all schemes) *Parking is limited to a single below grade level due to a sub-surface easement for light rail transit tunnel. C.1 C.2 NE 42ND ST All calculations based on feasibility study performed by Weber Thompson. U-District High-Rise Land Portfolio 4

5 EXECUTIVE For more information, SUMMARY visit Lake Washington Green Lake 320 MAX HEIGHT 240 A 5 ROOKLYN AVE NE C RESIDENTIAL MIXED RESIDENTIAL 240 MAX HEIGHT 15th AVE NE WAY NE 240 MAX HEIGHT 105 MAX HEIGHT EASTLAKE AVE NE VARIOUS HEIGHTS OF WASHINGTON MAJOR INSTITUTION OVERLAY ZONE FUTURE U-DISTRICT LINK LIGHT RAIL STATION 5 MINUTES TO CAPITOL HILL 10 MINUTES TO DOWNTOWN 2021 SCHEDULED START OF SERVICE Portage ay U-DISTRICT REZONE The University of Washington is a hotbed for high-tech and biotech startups, and was instrumental in the city s rezoning of the U-District to encourage the development of office, residential, and hotel. The vision is for startup companies that evolve from UW to have an innovation hub near the campus as well as providing new office space outside of the extremely competitive South Lake Union and downtown Seattle submarkets. The rezone has concentrated growth near the campus and the new light rail station, positioning the U-District to be the next major hub of office, residential, and hotel development in the city of Seattle. U-District High-Rise Land Portfolio 5

6 For more information, visit INVESTMENT HIGHLIGHTS UNMATCHED DEVELOPMENT OPPORTUNITY IN AN URAN IN-FILL LOCATION The U-District High-Rise Land Portfolio offers developers a rare opportunity to satisfy the demand from institutional, research, corporate, residential and hotel uses to locate adjacent to the University of Washington and regional light rail. Seattle is a thriving and dynamic urban environment where the city s geography, terrain, and mature neighborhoods rarely present an opportunity to amass properties of immediate scale or significance. World headquarters locations of Amazon and Microsoft, two of the most successful and respected companies in the world are located within four and ten miles respectively of the Portfolio. ATTRACTIVE NEW GROUND LEASE STRUCTURE The Lessor is committed to positively contributing to the University District community and identity through a successful development of the Portfolio. Prospective Lessees will have the opportunity to present proposed terms of a new long-term ground lease with a mutually beneficial structure. The bid process will result in an Option to Ground Lease which contemplates expected entitlement timelines, non-refundable earnest money at specific entitlement milestones, rent escalations, and important elements to ensure a successful structure. CRE INVESTMENT ADVISORS MULTIFAMILY OFFICE HOTEL DET & STRUCTURED FINANCE JON HALLGRIMSON jon.hallgrimson@cbre.com FRANK OSL frank.bosl@cbre.com ELI HANACEK eli.hanacek@cbre.com KYLE YAMAMOTO kyle.yamamoto@cbre.com TOM PEHL tom.pehl@cbre.com LOU SENINI lou.senini@cbre.com CHRIS URDETT chris.burdett@cbre.com MATTHEW EHRENS matthew.behrens@cbre.com JOHN LO john.lo@cbre.com UW TOWER 2017 CRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. U-District High-Rise Land Portfolio 6