WOODRUFF PROPERTY MANAGEMENT COMPANY WOODRUFFREALESTATE.COM CORPORATE RESUME Warm Springs Rd. Columbus, GA

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1 WOODRUFF PROPERTY MANAGEMENT COMPANY WOODRUFFREALESTATE.COM CORPORATE RESUME 2900 Warm Springs Rd. Columbus, GA

2 THE WOODRUFF WAY The Woodruff Difference Since 1916, the Woodruff Companies have exemplified the same values shared by its hometown of Columbus, Georgia; a strong focus on family, a long tradition of quality, and an unending desire to serve both the community and its clients. Always Providing First-Class Service For more than 30 years, the Woodruff Property Management Company has succeeded in producing the highest occupancy rates, improving the quality of the property, and developing personal relationships with every client. You can relax knowing that your property is in excellent hands. We take great pride in what we do, including going the extra mile for our owners and residents. There s a reason we re one of the top property management companies in the Southeast, with nearly 7,000 multifamily units in our portfolio. The Local Experts Born and raised in the South, we understand what southern hospitality truly means. You will always enjoy a warm and friendly welcome to our communities. From complimentary drinks to housekeeping, we are here to serve our residents! We take great pride in the relationships we have built over the years with national and local companies located here in Columbus. We also have complete knowledge and understanding of the military way of life, helping us to better serve our military residents stationed at Fort Benning. We only have ONE GOAL... To do it better than it has ever been done before. That s THEWOODRUFFWAY

3 Date: Name of Firm: Company web site: 02/03/2016 Woodruff Property Management 1. Home office: Address: 2900 Warm Springs Road City, state, ZIP: Columbus, GA Telephone number: Branch offices: _650 Dekalb Street_ City, State: _Auburn, Alabama _ _ Territory/major cities: States Licensed In: Columbus, Albany, Lagrange, Valdosta, Warner Robbins, West Point, and Macon, Georgia Auburn, Phenix City, Opelika, and Valley, Alabama Georgia, Alabama, Florida, South Carolina, Louisiana, and Missouri 3. Management entity type: Owner managed Independent Fee Agent X 4. Year founded: Year property management activity began: Describe the types of centralized management services the firm provides, i.e., centralized bookkeeping, leasing, maintenance, etc. _Accounting, Human Resources, IT Services, and Training & Quality Management

4 7. Total number of employees and number of employees holding professional licenses or designations in the field of property management and currently working in the field of property management: Total Staff with licenses/ designations Number of employees _ Number of executives Have any of your licenses or memberships been revoked, suspended, restricted or in any way limited or terminated? Please outline. No Have these been restored? 9. How many of the following types of properties does the company manage? Please indicate size. Multifamily 35 properties _4,485 units HUD Multifamily 4 properties _875_ units (non-subsidized) Office buildings sq ft Retail centers sq ft Industrial buildings sq ft Other 42 properties _1,254 units (single family, student housing, and HOA) Estimated value of portfolio: Multifamily All other types $ 395,615, $ 57,215,

5 10. Please provide the following information on all multifamily projects which the firm manages: Number Number of years Property City/State of Units as Manager (see attached) 11. Default experience: a. How many projects that the firm has managed have ever experience default? 1 b. Please attach details, including name and location of property, circumstances surrounding each default, its causes, its cure, workout/mortgage modifications arrangements, assignments, foreclosures, etc. - Crossroads Villa, Savannah, GA (15yrs ago) Section 8, owner did not keep up property 12. Contract status: a. How many property management contracts held by the firm over the past five years have been terminated prior to their expiration dates? 2 b. Please attach names and addresses of these projects and their owners, as well as reasons and circumstances surrounding such termination(s). - Windsweep Apts, Phenix City, AL Sherry & Jeff Applewhite Owner decided to self-manage - Forest Ridge Apts, Macon, GA Bob Diamond Owner decided to self-manage 3

6 PROPERTY LIST PROPERTY LIST MARKETING & BRANDING

7 PROPERTY LIST PROPERTY LIST MARKETING & BRANDING We currently MANAGE 7,788 units

8 The WOODRUFF Way developed multifamily properties The Woodruff Property Management Company managed all properties listed below during the entire construction process. Our executive team & property staff worked with the developers of each project from conception through lease up. Georgia Crystal Park - 24 {Columbus} Milestone - 24{Columbus} Crystal Falls - 40 {Columbus} The Trails at Milgen - 32 {Columbus} The Preserve 300 {Columbus} Grove Park {Columbus} Swallowtail Flats {Columbus} Additional Old Town {Columbus} Trellis 264 {Savannah} Carrington Square 288 {Pooler} Palm Club 132 {Brunswick} Sun Ridge 192 (Lagrange) The Commons 120 {Lagrange} 5300 Peachtree 242 {Atlanta} Riverdale Station 200 {Riverdale} Union Station 450 {Union City} Lakeside Village {Columbus} The Lakes - 354{Columbus} Sugar Mill {Columbus} The Palms {Columbus} Lullwater II - III {Columbus} The Meadows II - 18 {Columbus} Alabama Highland Lakes 224 {Prattville} Vistas {Valley} Verandas {Valley} Windsweep {Phenix City} Carriage Hill - 20 {Phenix City} Florida Florida Cabana West {Panama City Beach} Avalon {Pensacola} Fairfield Lakes {Pensacola} Louisiana Ansley Walk -242 {Lafayatte} Ansley Place 246 {Houma} Total Developed 6,241 Units

9 WOODRUFF PROPERTY MANAGEMENT COMPANY REFERENCES Kelsey Kennon PO Box 5509 Columbus, Georgia (706) Brad Terrell PO Box 460 Fortson, Georgia (706) Steven Schorr 1460 Walden Avenue Lakewood, New Jersey (732) David Price 8200 Sullivan Hill Road Atlanta, Georgia (404) Miles Hill 730 North Dean Road Suite 200 Auburn, Alabama (334) Fred Bennett 730 North Dean Road Suite 200 Auburn, Alabama (334) Bobby Cohan 55 Fifth Avenue 15 th Floor New York, New York (212) Warner Kennon nd Avenue Columbus, Georgia (706) wlk@wlkpc.com Calvin Koonce 7002 ExFaire Road Bethesda, Maryland (301) calvin@koonce.net

10 BANKING REFERENCES Roy D. Williams, CPA Director, FHA Deputy Chief Underwriter Wells Fargo Multifamily Capital 4570 Ashford Dunwoody Road Atlanta, GA MAC G Tel (770) fax (770) cell (404) Sharon Maney Wells Fargo Multifamily Capital 4570 Ashford Dunwoody Road 2nd Floor Atlanta, GA MAC: G tel (770) fax (866) Jenelle Cooper Senior Mortgage Analyst,GSE Loan Servicing Wells Fargo Commercial Mortgage Servicing 2010 Corporate Ridge, Suite 1000 McLean, VA MAC R Tel (703) fax (866) In addition, we have on going relationships on multiple loans with the following commercial lenders: Walker & Dunlop CapitalOne Arbor Mortgage Red Capital Group Grandbridge

11 WOODRUFF PROPERTY MANAGEMENT TEAM MARKETING & BRANDING CISSY DURANT CEO WPMC Cissy has been with Woodruff since She oversees the day to day operations of the Woodruff Property Management Company working directly with over 340 property owners and representatives. She also manages 12,000 residents and approximately 160 Woodruff employees. She is a member of the Columbus Apartment Association, Georgia Apartment Association, South Carolina Apartment Association, Florida Apartment Association and the National Apartment Association. Cissy is currently serving as the President of the Georgia Apartment Association. Cissy holds a Real Estate Sales License in Alabama, Georgia, Louisiana, and South Carolina. GENEVIEVE GREEN PRESIDENT Woodruff Operating VICE PRESIDENT WPMC ggreen@woodruffre.com Genevieve oversees The Woodruff Companies which includes Woodruff Property Management, Woodruff Holding Company, Woodruff Brokerage, Woodruff Marketing, Woodruff Development, Woodruff Corporate Business Development, and Grow Landscaping. She has been with Woodruff since 1980 specializing in commercial leasing, sales, and management of both multi-family and commercial properties. Genevieve has been directly involved in developing shopping centers, office buildings, and multi-family developments. She holds Real Estate Broker's Licenses in Alabama, Georgia, Florida, Louisiana, Missouri, and South Carolina. LUCY JONES PRESIDENT WPMC CMO Woodruff Marketing ljones@thewoodruffway.com Lucy is a proud native of Columbus, Georgia. Her real estate career began in 1997, and she has been with Woodruff since Lucy resourcefully mixes her business savvy with her creative intuition, offering our customers an eye for detail with a unique flair. Lucy is a member of the Columbus Board of Realtors and the International Council of Shopping Centers. She holds Alabama and Georgia Real Estate Licenses. DAVID SHEPPARD CFO/ASSET MANAGER dsheppard@thewoodruffway.com David has been with Woodruff Company since He is responsible for coordinating the financial operations and reporting of a residential portfolio of over 6,000 units. This includes serving as a liaison between the individual property owners and their respective insurance, mortgage, and municipal taxing authorities. TRACEY STUTZMAN EXECUTIVE VICE PRESIDENT tstutzman@thewoodruffway.com Tracey joined the Woodruff team in 2015, bringing 14 years of experience as a Multifamily Regional Vice-President with a portfolio of up to 15 communities, totaling 4,084 units. Tracey has a history of high production through occupancy trend of 96% and Gross Operating Income growth average of 10% and higher year over year.