INTEGRITY EXPERIENCE RESULTS. Planned for 300+ Surface Parked Units. Contact Jake Ermer with all inquiries

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1 James Run 300+ Unit Multifamily Development Opportunity Mixed Use Project located at exit 80 on I-95 Site located in mixed use project sited at exit 80 on I-95 Planned for 300+ Surface Parked Units Neighboring planned uses include retail, for sale residential, assisted living and hotel. Property to be delivered as graded pad site Flexible layout to accommodate variety of architecture Contact Jake Ermer with all inquiries

2 James Run Site location & Basic info Location: Acreage: Utilities: Zoning: Property is located on West side of Creswell Road (Route 543) just north of I-95 exit 80 in Bel Air, MD. MF Site Planned for 11 Acres, can be adjusted based on end user need. Planned and engineered for public water and sewer. MO Zoning Mid rise apartment dwellings are a permitted use. Timing: DAC Approval expected Q4 2018, mass grading complete spring 2019 Contact: Jake Ermer (410) ext. 132 Jermer@hogancompanies.com

3 James Run Assisted Living Offering Terms Property Offered: Acreage to be specified within the +/-111 acre property known as James Run located on West side of Route 543 (Creswell Road) in Bel Air, Harford County, Maryland General location of multifamily site is noted on sketch plan, specific acreage requirements to be noted by buyer in offer. Price: Nine Million Dollars ($9,000,000.00) Deposit : Study Period: Closing Terms: Deposit of Five Hundred Fifty Thousand Dollars ($500,000.00) to be posted in escrow within five (5) business days of contract signing. Sixty (60) days Bulk closing on mass graded property, with wet utilities stubbed to parcel boundary, 30 days following seller notice of completion. Closing Conditions: Mass grading on Property completed, water and sewer stubbed to property boundary, customary conditions such as marketable title, clear environmental status, offsite easements recorded, no moratorium. Brokerage: Offer Format: Hogan Companies, LLC is the exclusive listing agent in this transaction and shall be paid by the seller per the terms of a separate agreement. Letter of intent and addressed as follows: JEN Maryland I, LLC c/o Craftsmen Land, LLC Attn: Jacob Ermer Hogan Companies, LLC 2661 Riva Road, Suite 300 Annapolis, MD 21401

4 James Run Mixed Use Site Plan

5 James Run Area Map

6 Harford County Drivers Harford County is part of the Baltimore metropolitan area located on I-95 in the heart of the Mid-Atlantic. This strategic location offers proximity to premier research institutions such as the U.S. Army Aberdeen Proving Ground s (APG) six Centers of Excellence and 3D/Prototyping with Federal labs in NE Maryland. Harford s 5,720 businesses employ 71,000 with 100 businesses employing 100 or more workers. Growth at APG has added more than 160 defense contractor firms, continuing Harford s tradition of excellence as a national technology and R&D center. New and expanding companies include Frito-Lay, D. Wheatley Enterprises, BSC America Auto Auction, Kaiser Permanente, Dunlop Protective Footwear, Gordon Food Service, XPO Logistics, and United Foods International, resulting in more than $150 million in capital investment in FY and over 1,000 new jobs. With a highly skilled regional workforce of more than 1.6 million, Harford is the ultimate setting for technology and entrepreneurism. The Harford Business Innovation Center incubator and the collaborative environment of the GroundFloor serve emerging technology businesses under Harford s Business Edge program. The county s location, logistics, diverse industry sectors, excellent quality of life and business-friendly environment make it one of the most desirable business locations on the East Coast and Maryland s New Center of Opportunity! Source: MD Department of Commerce Document/HarfordBef.pdf