Offering Summary THE APARTMENTS ON SAINT PAUL 2920 SAINT PAUL STREET BALTIMORE, MARYLAND

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1 Offering Summary THE APARTMENTS ON SAINT PAUL 90 SAINT PAUL STREET BALTIMORE, MARYLAND

2 VALUE-ADD OPPORTUNITY STEPS FROM JOHNS HOPKINS INVESTMENT HIGHLIGHTS The Offering: Value-Add Apartment Opportunity steps from Johns Hopkins University. The Apartments on Saint Paul, located at 90 Saint Paul Street in the Charles Village neighborhood of Baltimore, between East 9th and East 0th Streets, offers investors the rare opportunity to own seven apartments with one car garages. The building is three stories and includes a basement. The two units in the basement offer private access to the backyard and are comprised of a one bedroom and an efficiency. The first floor features three units, a one bedroom apartment, as well as two apartments which are currently configured as rooming units, with comfortable living space and a full bathroom. On the second floor is unit five, which is a spacious two bedroom two bathroom full floor apartment, with separate entrances to the bedrooms, adding a unique element of privacy. The third floor unit is a large full-floor one bedroom residence with a large living room and expansive city views. All of the units are fitted with hardwood floors, high ceilings, copious amounts of natural light, and updated kitchens. The Apartments on Saint Paul offers investors a unique combination of a premier rental market location, and below market rents. The two rooming units have a median rent of $, approximately % below the leasing rates of similar units in the area, while the one bedroom apartments capture an average rent of $78, trailing competing rentals by %-7%. The basement efficiency is currently rented for $600 and could be rented for $67 or higher in its current condition. The garage posterior to the building is currently rented for $00 a month. Garages in Charles Village are rented at a premium due to a lack of supply with nearby comparables rented at $-$0 per month. Just South of Transormative Development and Campus Retail. 00 Saint Paul Street is one of the most significant recent urban infill developments in Baltimore. This new transformational mixed-use building has invigorated the area surrounding the campus, creating a modern walkable lifestyle destination in the heart of Charles Village. The -story, 7-unit property leases exclusively to students and is just around the corner from Charles Village Vista. Developed through a joint venture between Armanda Hoeffler Properties and Beatty Development, which is also responsible for Harbor Point in Fells Point, the community contains over,000 square feet of retail space, anchored by CVS Pharmacy, and totals 6 parking spaces on land currently by owned by Johns Hopkins University. Core Charles Village Location. The Apartment on Saint Paul boasts a Walk Score of 9, which ranks as a Walker s Paradise and reflects the multitude of restaurants, stores, and services within a quick -minute walk of the Property. Just three block south of the Property is The Johns Hopkins University Bookstore. Also nearby is Wyman Park, a 6-acre public park, which hosts community activities including a summer campout, live music performances, and movie showings, which create a vibrant atmosphere of community involvement and unity. Many of Baltimore s prized dive bars and hip nightlife venues can also be found in Charles Village, including ibar, WC Harlan, and Ottobar. Located on the same block as the Property, 00 Saint Paul Street is one of the most significant recent urban infill developments in Baltimore. Local firm Beatty Development led the new mixed-use project. The newly completed development features over,000 square feet of retail space anchored by a 0,00-square-foot pharmacy, and 6 parking spaces. Nearby MedStar Union Memorial Hospital employs over,000 doctors, nurses, administrators, and staff. Just steps away from the Property, residents can enjoy easy access to major MTA bus lines, Metro lines, and Zipcars. In addition to Johns Hopkins University, Charles Village is a short commute downtown to major employers including Constellation Energy, T. Rowe Price, and Under Armour. Transit-Oriented Location. Additionally, the Property is within walking distance to the,, and 6 bus lines, which provide residents with convenient access to major universities, retail centers, and employers throughout Baltimore, including Towson Town Center, Loyola College, the University of Baltimore, Bayview Medical Center, Waverly Shopping District, and Johns Hopkins Hospital. Charles Village Vista is located approximately one mile from MD Route 9 leading to I-69 (the Baltimore Beltway) and I-9, providing access to destinations throughout the Greater Baltimore-Washington area. Zipcars are also available near the Property.

3 BALTIMORE Baltimore Streetcar Museum (0.9 Miles) Coppin State University (. Miles) Druid Hill Park (0.9 Miles) Druid Lake (0.9 Miles) Inner Harbor (.7 Miles) 6 Joseph Meyerhoff Symphony Hall (. Miles) 7 Lexington Market (. Miles) 8 Mondawmin Mall (.0 Miles) 9 Peabody Institute (.9 Miles) 0 Penn Station (. Miles) The Charles Theatre (.0 Mile) The Lyric Performing Arts Center (. Miles) The Maryland Zoo in Baltimore (.8 Miles) The Walters Art Museum (.9 Miles) University of Maryland Medical Center (. Miles) 7 BALTIMORE PROPERTY SUMMARY The Apartments on Saint Paul 90 Saint Paul Street PARCEL NUMBER ZONING NO. OF UNITS NO. OF BUILDINGS NO. OF STORIES R-8 7 YEAR BUILT TYPE OF OWNERSHIP LOT SIZE PARKING ROOF 900 Fee Simple, SF Garage Flat

4 N. CHARLES STREET SAINT PAUL STREET N. CALVERT STREET 6 E. ND STREET E. ST STREET BALTIMORE 907 Saint Paul (<0. Miles) 9 Saint Paul (<0. Miles) 9 Saint Paul (<0. Miles) 0 North Calvert (0. Miles) 00 North Calvert (0. Miles) 6 0 North Calvert (0. Miles) E. 0TH STREET BALTIMORE E. 9TH STREET GREENMOUNT AVENUE RENT COMPARABLES THE APARTMENTS ON SAINT PAUL 90 St. Paul Street UNITS EFF $0 BDR $68 BDR $, SAINT PAUL 907 St. Paul Street BDR $80 BDR $,7 No. of Units: 7 Year Built: 900 Date Surveyed: November 06 Year Built: 90 9 SAINT PAUL 9 St. Paul Street BDR $8 BDR $89 9 SAINT PAUL 9 St. Paul Street BDR $7 BDR $,00 Year Built: 90 Year Built: 90

5 DRUID HILL PARK (0.9 MILES) 0 NORTH CALVERT 00 NORTH CALVERT 0 N. Calvert Street 00 N. Calvert Street BDR $90 BDR $,0 BDR $,000 Occupancy: 00% Occupancy: Year Built 900 Year Built: 00% 90 0 NORTH CALVERT 0 N. Calvert Street BDR $8 BDR $97 6 Occupancy: Year Built 00% 9

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