MAPLEWOOD ESTATES. Maplewood Estates. For a video tour of Maplewood Estates, please visit:

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1 MAPLEWOOD ESTATES 13 N. MAPLEWOOD DR., RANTOUL, IL For a video tour of, please visit: COMMUNITY PRICE: $2,5,

2 MAPLEWOOD ESTATES Price : $2,5, Terms: Loan Assumption SITE INFORMATION ADDRESS 13 N. Dr., Rantoul, IL COUNTY Champaign TAX PARCEL ID SITES 112 INVENTORY HOMES None YEAR BUILT 198 COMMUNITY TYPE All Age COMBINED LAND SIZE 16.5 acres DENSITY 6.98 sites/acre MH PHYSICAL OCC. 98.2% (11 sites as of Mar 15) MH ECONOMIC OCC. 98.2% (11 sites as of Mar 15) AVERAGE RENT $225 (trash included) LAST RENT INCREASE $13 (Jan 15) ROADS Asphalt FLOODPLAIN Zone X ZONING Mobile Home District (M-1) UTILITIES WATER SEWER ELECTRICITY GAS EXISTING LOAN INFORMATION PRINCIPAL-ORIG BAL $1,3, YEARLY INTEREST RATE 6.15% FIRST PAYMENT 7/1/211 MATURITY DATE 7/1/221 CURRENT LOAN BALANCE $1,236,262 (as of Mar 15) AMORTIZATION - MONTHS 36 LENDER Wells Fargo Conduit INVESTMENT HIGHLIGHTS Very rare opportunity to acquire a stable, 112-site park with public utilities and no park owned homes or home loans. Current rents approximately $4 under market. Based on the asking price and proforma NOI, the estimated year one cash-on-cash return is almost 8.5% and goes up to almost 12.5% after rents are increased to market. Opportunity to own a passive investment in a clean, stable community. Loan must be assumed with 6.15% interest, 1-year term and 3-year amortization. Loan matures in 221 at which time a buyer may be able to refinance, increase leverage and boost returns. Attractive layout with curvilinear streets, off-street parking and mature trees throughout. Roads within the park repaved in 27 and currently in great condition. Approximately 2 hour drive from Chicago, St. Louis, and Indianapolis and only 15 minutes north of Champaign. AREA HIGHLIGHTS is located just five minutes from the Rantoul Amtrak, a national passenger rail system that travels to over 5 destinations in 46 states, offering efficient travel along with the best views of North America. Rantoul is home to the Rantoul National Aviation Center, which offers a flight school, aircraft manufacturing base, import/export facility, and other services. Rantoul offers entertainment such as the Octave Chanute Aerospace Museum, the Illinois Skydiving Center, Korean War Veterans Museum, and the Rantoul Theater Group. sits in close proximity to a wide selection of public schools. The Village of Rantoul features eight beautiful parks with groomed landscaping, perfect for family picnics and gathering areas for sports and field activities. Rantoul offers nine miles of bike and pedestrian paths throughout the city and has recently added a new 1.9-mile bike trail. Major employers in the area include Easton Bell Sports, Jeld-Wen Windows and Doors, ConAir, and Taylor Studios. Rantoul is located only 16 miles from the University of Illinois at Urbana-Champaign, rated the number 11 top public school by U.S. News & World Report. The Urbana-Champaign campus holds more than 44,5 students which stimulates economic activity in the surrounding areas. The unemployment rate in Rantoul, IL for December 214 was 5.5%, significantly lower than in July (7.3%) and has been trending down. COMMUNITY PRICE: $2,5,

3 MAPLEWOOD ESTATES FINANCIAL ANALYSIS Proforma INCOME 2 Gross Scheduled Rent Gross Potential Income Less: Vacancy Less: Bad Debt Total Rental Income 3 Plus: Utility Income 3 Plus: Other Income Plus: Home Income Total Other Income Effective Gross Income.%.% $ $ 1.% $254, , , ,83 $295,18 $266,542 Assumptions $254,98 $256,367 $266,542 $32,576 $254,98 $256,367 $32,576.% $.% $ 1.79% $5,43.% $.% $.5% $1,513 1.% $256,367 1.% $266, % $295, , , , , , , , , , , ,163 $3,486 $313,52 $34,822 EXPENSES Actuals Actual Exp Actual Exp Proforma Exp Repairs & Maintenance $95 $1,66 $61 $6,818 $74 $8,324 $1 $11,2 Payroll 79 8, , , ,2 Administrative Marketing Professional Fees 61 6, , ,281 5, ,81 6 5, ,2 1 1,12 5 5,6 4 Utilities Electricity Water Sewer Trash Total Variable Expenses 5 Taxes Other Tax Insurance Management Fee Total Operating Expenses 7 Plus: Capital Reserves Total Expenses $ % $1,76 $1,76 1, ,938 29, , ,899 13, ,915 $77,23 $744 $83,282 15, ,43 5,18 7, ,113 15,49 5.9% 15,298 $12,542 $1,73 $12,123 $12,542 $1,73 $12, $ % $1,162 $1,162 2,636 34,231 2,925 13,383 $92, $849 14,526 7, ,237 5.% $13,192 $1,192 5 $13,192 $1, , ,258 3,13 13,785 $95,9 15,252 6,16 17,41 $133,544 5,6 $139,144 NET OPERATING INCOME $174,638 $18,363 $182,86 $21,679 Debt Service ($95,4) ($95,4) ($95,4) ($95,4) NET CASH FLOW $79,598 $85,323 $87,82 $16,639 UNDERWRITING ASSUMPTIONS 1. Actual numbers based on financials provided by the client 2. Proforma Income = $225 x 112 sites x 12 months 3. Utility & Other Income grown 3% from Adjusted Utilities grown 3% from Proforma Taxes = 214 Tax grown by 5% 6. Approximately $18k of non-recurring expenses omitted from 214 column consisting of $2k for legal/abandonded title issue; $7k for relocating home, refurbishment, commission selling home; $4k for rare water leak; $5k for buying 5 years supply of water meters 7. Numbers do not reflect actual expense in Proforma 8. Loan must be assumed: 6.15% interest, 1-year term, 3-year amortization, matures in 221, current balance $1,236,262 (as of Mar 15) COMMUNITY PRICE: $2,5,

4 MAPLEWOOD ESTATES RENT COMPS # Subject Property Address Sites Av. Rent Rent Includes Adjusted Rent 13 N Dr, Rantoul, IL $225 T $225 Rantoul Area Communities 1 Youngstown 27 Mahoning Ave, Rantoul, IL $265 T $265 2 Hillcrest MHP 2186 County Rd 3 N, Rantoul, IL $265 T $265 3 Heritage 6 S Dr, Rantoul, IL $245 T $245 4 Fountain Valley 279 US Route 45, Rantoul, IL $23 None $242 Rantoul Area Communities Average 12 $251 $254 Note: This information has been derived from sources deemed reliable. However, it is subject to errors, omissions, price change and/or withdrawal, and no warranty is made as to the accuracy. COMMUNITY PRICE: $2,5,

5 M A P L E W O O D E STAT E S LO C AT I O N A E R I A L 57 BLVD. TURY Sports Complex N. CEN N. MAPLEWOOD DR. E. GROVE AVE. RANTOUL, IL Willow Pond Golf Course Rantoul National Aviation Center 45 Chanute Air Force Base UNIVERSITY OF ILLINOIS AT URBANA-CHAMPAIGN The University of Illinois is composed of 17 schools and colleges with more than 44,5 students enrolled in 213. An estimated 32, students apply annually. World leader in research, teaching and public engagement. Prominent alumni are Nobel and Pulitzer Prize winners, outstanding athletes, astronauts, scientists and leaders of international corporations. Located in the twin cities of Champaign and Urbana - 14 miles south of Chicago, 125 miles west of Indianapolis, and 18 miles northeast of St. Louis. AMTRAK Amtrak is a national rail operator for intercity passenger service. The Amtrak can cruise throughout 21, route miles in 46 states, the District of Columbia and three Canadian provinces. Operates more than 3 trains each day at speeds up to 15 mph to more than 5 destinations. According to the U.S. Department of Energy Data, Amtrak is more fuel efficient than both domestic airline travel and auto travel on a per-passenger-mile basis. RANTOUL NATIONAL AVIATION CENTER AIRPORT The Rantoul National Aviation Center (RNAC), a public-use airport, spans 1,192 acres, has two runways and supported 2, aircraft operations in 214. In 212 local businesses received an estimated $1.9 million from the total direct and indirect economic impacts of the airport. Businesses located on the airport employ about 1, people. COMMUNITY PRICE: $2,5,

6 CHICAGO INDIANAPOLIS CINCINNATI ST LOUIS For a video tour of, please visit: Information for is available on our website at: This information has been derived from sources deemed reliable. However, it is subject to errors, omissions, price change and/or withdrawal, and no warranty is made as to the accuracy. Further, no warranties or representation shall be made by Apartment Realty Advisors (ARA) and/or its agents, representatives or affiliates regarding oral statements which have been made in the discussion of the above property. This presentation, prepared by ARA, was sent to the recipient under the assumption that s/ he is a buying principal. Any potential purchaser is advised that s/ he should either have the abstract covering the real estate which is the subject of the contract examined by an attorney of his/her selection, or be furnished a policy of title insurance. Do not contact the Property. NATIONAL MANUFACTURED HOUSING GROUP PRIMARY CONTACTS: 91 S MoPac Expressway Barton Oaks Plaza II Suite 275 Austin, TX Todd Fletcher tfletcher@arausa.com T Andrew Shih ashih@arausa.com T Jon Shay jshay@arausa.com T ARA Newmark. All Rights Reserved 1-15 RELATIONSHIPS THAT DELIVER RESULTS.