Terraces at Reunion Mourning Dove Circle, Reunion, FL Yates & Company Realty, LLC 2

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1 Contact: Yates & Company Realty, LLC 255 Alhambra Circle Suite 325, Coral Gables, FL Phone: Cell: Disclaimer: While the information contained in this Memorandum and any other Evaluation Material is believed to be reliable, Owner does not guarantee its accuracy or completeness as such information is provided without representation or warranty by Owner. Because of the foregoing and since the Property is being offered on an "As-Is, Where-Is" basis, a prospective investor or other party authorized by the prospective investor to use such material solely to facilitate the prospective purchaser's investigation, must make its independent investigations, projections and conclusions regarding the acquisition of the Property without reliance on this Memorandum or any other Evaluation Material. Although additional Evaluation Material, which may include engineering, environmental or other reports, may be provided to qualified parties as the marketing period proceeds, prospective purchasers should seek advice from their own attorneys, accountants, engineers and environmental experts.

2 Terraces at Reunion 7500 Mourning Dove Circle, Reunion, FL Yates & Company Realty, LLC 2

3 Terraces at Reunion We are pleased to offer for sale the remaining 4.68 acres of the Terraces at Reunion community in Kissimmee, Florida. Phase II has approvals for 74 condominium units in eight buildings, unit models are 3 bedroom 2 bath units ranging from 1,402 sf to 1,569 sf air- conditioned square feet with a detached one-car garage. The 4.68 acres is fully developed with water, sewer, paving, and drainage systems in place. All common area amenities, including pool and clubhouse facilities, have been constructed and turned over to the Reunion East CDD. The Terraces at Reunion neighborhood was approved in 2004 as Phase 2 Parcel 13 of the Reunion Resort and Club DRI. The previous developer received site plan approval for 199 units and constructed 125 units in thirteen buildings. In 2012, less than 10 units are remaining for sale in the original thirteen buildings. The Terraces at Reunion is a unique vacation home community located in the award winning golf and resort community of Reunion in Orlando Florida. Therefore, they are subject to the benefits and regulations of the Reunion Resort & Club of Orlando Master Association and Reunion East Community Development District. In addition to the amazing resort amenities, the Terraces has it s own amenities completed for the residents in the neighborhood. The park amenity includes a lap pool, with two cabana bathhouses, a whirlpool spa, covered gazebo, and a concert and party pavilion. The common areas are fully landscaped with trellises, park benches and a spacious sun deck for soaking up the Florida sun around the refreshing pool. Yates & Company Realty, LLC 3

4 Terraces at Reunion Site Plan Yates & Company Realty, LLC 4

5 Project Details Acreage: 4.68 acres; eight (8) non-contiguous building parcels. Location: Reunion Resort and Club, Osceola County, Florida. Access: 7500 Mourning Dove Circle, Reunion, Florida; North of CR532, East of CR545, East off Interstate 4, East off Excitement Drive. Folio No: C10 Taxes: Ad valorem Tax $7, ($ per unit); Non Ad-valorem Tax Fire Condo $2, ($38.58 per unit); Reunion East CDD $151, ($2, per unit); Total $161, Dues: (1) Reunion Resort & Club of Orlando Master Association Fees $ du/yr (2) $ du/yr for mandatory cable program upon building completion Yates & Company Realty, LLC 5

6 Project Details (cont.) Land Use: Osceola County DRI/Tourist Commercial, Phase 2 Parcel 13, acres, approved 2004 for 201 units. Zoning: Osceola County PUD ; Concurrency Review CDP , 199 Multifamily Units, approved Remaining 8 building parcels, 74 multifamily units, 1,402 sf 1,569 sf, 1 car garage. Permits: Engineering Plans Paving, Grading and Drainage approved EIP Phase 2 Parcel 13, approved May 11, Legal/Plat: Portion of Lot 3, Block 2, Magnolia Creek, lying in Section 35, Township 25 South, Range 27 East as recorded in Plat Book 12, Pages 70 through 79, Osceola County, Florida. Utilities: Water and Sewer are constructed and certified, Toho Water Authority provides service. Yates & Company Realty, LLC 6

7 Location From Orlando International Airport Take Toll Road 417 South to I-4. Merge onto I-4 West toward Tampa. Take exit #58. Turn left onto County Road 532. Go approximately 3/4 of a mile, past our Discovery Center, to the gatehouse on the left. From Miami Take Florida's Turnpike North towards Orlando. Take exit #249 onto Osceola Parkway West. Take Toll Road 417 South to I-4 West. Take exit #58 off I- 4. Turn left onto County Road 532. Go approximately 3/4 of a mile, past our Discovery Center, to the gatehouse on the left. From Tampa Area Take I-4 East towards Orlando. Take exit #58. Turn right onto County Road 532. Go approximately 3/4 of a mile, past our Discovery Center, to the gatehouse on the left. Yates & Company Realty, LLC 7

8 Distances to Popular Orlando Attractions: Terraces at Reunion Cocoa Beach 72 Miles Disney World 13 Miles Kennedy Space Center 70 Miles Miami 222Miles Orange Co Convention Ctr 15 Miles Orlando Int. Airport 23 Miles Sea World 6 Miles Tampa 70 Miles Universal Studios 16 Miles Sea World 15 Miles Downtown Orlando 22 Miles 8

9 Terraces at Reunion Yates & Company Realty, LLC 9

10 Approvals, Permits and Agreements Osceola County Land Use DRI/Tourist Commercial Reunion Resort & Club Development of Regional Impact, CDP Osceola County Zoning and Site Plan Approval PUD Osceola County Engineering Department EIP Phase 2 Parcel 13. South Florida Water Management District Environmental Resource Permit No P Reunion Resort and Club of Orlando Master Association, Inc. Master Declaration of Covenants, Conditions, Restrictions and Easements and Bylaws for Reunion Resort & Club of Orlando, OR 1990/1654. Reunion East Community Development District. Yates & Company Realty, LLC 10

11 Building Unit Breakdown Yates & Company Realty, LLC 11

12 Reunion, Florida Yates & Company Realty, LLC 12

13 Reunion Resort and Golf Club The Reunion Resort and Club of Orlando, a Wyndham Grand Resort, is a 2,300 acre hotel and golf resort, with a short drive to the theme parks in Orlando. Set in a secluded area of exquisitely landscaped, rolling terrain, the Resort includes three 18-hole golf courses, water park, spa, tennis, fitness center and miles of walking trails. Visit for more information. Yates & Company Realty, LLC 13

14 Reunion Resort amenities include: Close to Walt Disney World at just 13 miles 24-Hour Gated Community Security 11 on-site Pools throughout Resort Fitness Center Fine & Casual Dining 6 Hydro-Grid Lighted Tennis Courts Bicycle Rentals Activities for Kids (ages 4-10) Boutique Spa Water Park 3 Championship Golf Courses Inside Golf Magazine Video: BF-nt4&feature=related Yates & Company Realty, LLC 14

15 Please contact: Brenda Yates, Broker Yates & Company Realty, LLC 255 Alhambra Circle, Suite 325 Coral Gables, FL Phone: Fax: Disclaimer: While the information contained in this Memorandum and any other Evaluation Material is believed to be reliable, Owner does not guarantee its accuracy or completeness as such information is provided without representation or warranty by Owner. Because of the foregoing and since the Property is being offered on an "As-Is, Where-Is" basis, a prospective investor or other party authorized by the prospective investor to use such material solely to facilitate the prospective purchaser's investigation, must make its independent investigations, projections and conclusions regarding the acquisition of the Property without reliance on this Memorandum or any other Evaluation Material. Although additional Evaluation Material, which may include engineering, environmental or other reports, may be provided to qualified parties as the marketing period proceeds, prospective purchasers should seek advice from their own attorneys, accountants, engineers and environmental experts. 15