ION EAST EDGEWATER EMERGES IN MIAMI S HOTTEST NEW NEIGHBORHOOD HIGH DESIGN AT A PRICE YOU CAN LIVE WITH FROM THE LOW $300s

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Why ION? In nature, an ION is a charged-up, high-energy atom looking for action. It transforms the world around it creating multiple energy fields and provides a catalyst for change. ION East Edgewater boosts an extensive array of social amenities created for an urban community that can welcome visitors but also provide intimate spaces away from the hustle of Miami. ION S VISIONARIES East Edgewater has emerged as Miami s new, premier high-rise neighborhood. At its center, ION East Edgewater will rise, shaped by the visionary minds of Arquitectonica and Sakor Development, in partnership with Encore Housing Opportunity Fund. Rounding out this stellar A team is the world renowned Hirsch Bedner Associates, led by master designer Greg Bates; the ingenious group behind the interior design at Mandarin Oriental Miami and Mandarin Oriental New York, Time Warner Center. ION EAST EDGEWATER EMERGES IN MIAMI S HOTTEST NEW NEIGHBORHOOD HIGH DESIGN AT A PRICE YOU CAN LIVE WITH FROM THE LOW $300s SEE LEGAL DISCLAIMER ON BACK PAGE

ADRIENNE ARSHT PERFORMING ARTS CENTER MIAMI WORLDCENTER ALL ABOARD FLORIDA PORTMIAMI EXPANSION SOUTH OF FIFTH SOUTH BEACH EVOLUTION OF MIAMI As much about the City as it is about the Bay, ION East Edgewater is located directly on 28th Street and Biscayne Boulevard. This new Billionaire Boulevard keeps gaining more and more prestige as Miami emerges into a world class city as the New York BRICKELL City of the South. ION is located on the same block as the bay while still connecting DOWNTOWN to all of Miami s great neighborhoods and economic drivers. The Arts & Entertainment District, Midtown, Wynwood, the Design EAST EDGEWATER EDGEWATER ARTS & ENTERTAINMENT DISTRICT District, Downtown and Brickell, and Miami Beach all surround you, with direct access to all the freeways. East Edgewater is about connection without congestion. MAGNOLIA PARK MIDTOWN WYNWOOD DESIGN DISTRICT PÉREZ ART MUSEUM MIAMI AMERICAN AIRLINES ARENA IN DOWNTOWN MIAMI MIAMI INTERNATIONAL AIRPORT PATRICIA AND PHILLIP FROST MUSEUM OF SCIENCE SEE LEGAL DISCLAIMER ON BACK PAGE

NEIGHBORHOOD From lush, waterfront open spaces to progressive MIDTOWN DESIGN DISTRICT BRICKELL CITY CENTRE art galleries, to luxury boutiques, to value shopping, to black tie at the opera, East Edgewater 112 27 95 195 MIAMI DESIGN DISTRICT 0.8 miles SHOPS AT MIDTOWN 1.1 miles JULIA TUTTLE CAUSEWAY and it s adjacent neighborhoods offer an uncommonly diverse array of experiences, day and night. You have a permanent place in the heart of it... ION East Edgewater WYNWOOD ART DISTRICT 0.7 miles 1 PUBLIC SCULPTURE AND ART PARK 0.2 miles 9 MIAMI INT AIRPORT 7.5 miles 836 MARLINS PARK 3.8 miles 968 95 ADRIENNE ARSHT CENTER 1.1 miles 395 MIAMI WORLD CENTER 1.3 miles 95 DOWNTOWN MIAMI 41 BAYSIDE MARKETPLACE 1.7 miles MARGARET PACE PARK 0.9 miles METRORAIL STATION 1 mile PÉREZ ART MUSEUM 1.2 miles MUSEUM OF SCIENCE 1.3 miles AMERICAN AIRLINES ARENA 1.7 miles BAYFRONT PARK 1.9 miles A1A VENETIAN CAUSEWAY MACARTHUR CAUSEWAY A1A MIAMI BEACH 6.3 miles SOUTH BEACH 5.7 miles A1A 9 TROLLEY ROUTE MARY BRICKELL VILLAGE 3.1 miles BRICKELL FINANCIAL DISTRICT 3.3 miles BRICKELL CITY CENTER 2.8 miles PUBLIC WATERFRONT SCULPTURE AND ART PARK STEPS FROM ION WYNWOOD THE BEACHES DOWNTOWN SEE LEGAL DISCLAIMER ON BACK PAGE

8TH- FLOOR RESORT POOL DECK FEATURING: ROOFTOP SKY DECK FEATURING: - Heated 75 lap pool - Reflecting pool - Outdoor living rooms - Massage areas - Floating cabanas - Jacuzzi - Communal Fire Pit - Outdoor Dive In Theater - Terraced Summer Kitchen with chef s table - Bocce court - Cascading water wall - Hammock garden - Gym with outdoor Yoga and Fitness areas - Party Room/Lounge - Family Recreation Room Controlled Access Parking - Infinity pool - Indoor/outdoor sunset lounge - Resident sky bar - Sunning terrace Lobby with 24-hour concierge, mailroom lounge, and business/ conference center EXECUTIVE OFFICES ON 2ND-FLOOR - Suites available for sale ION is the newest addition to Arquitectonica s global portfolio of award-winning buildings. Lively, energetic a little hedonistic. A fantasy of what skyscrapers in a tropical city should be like. New York Times on the work of Arquitectonica SPACIOUS OUTDOOR TERRACES The building façade is a metaphorical map of the unique location of the property. The western portion of the tower represents the Miami/Edgewater area and the eastern portion represents Miami Beach. Between their shorelines flows Biscayne Bay. As night falls, the bay becomes a sensual cascade of color and light, making ION a landmark for all to enjoy. Bernardo Fort-Brescia, FAIA, Principal of Arquitectonica 6 exclusive townhomes 24-hour valet WTORRE PLAZA + JK IGUATEMI MALL São Paulo, Brazil 20,000 sq. ft., 2-story planned retail/ restaurant space WTORRE PLAZA + JK IGUATEMI MALL São Paulo, Brazil CENTRAL PARK RESIDENTIAL COMPLEX Shanghai, China SEE BACK PAGE FOR DISCLAIMER.

HIRSCH BEDNER ASSOCIATES BY GREG BATES WELCOMES YOU TO THE VISION BEHIND ION EAST EDGEWATER Throughout the common areas, a sense of serenity pervades, punctuated with moments of irony, wit and surprise. Master Designer, Greg Bates, HBA Eclecticism with an emphasis on quality. This is the design ethos of Hirsch Bedner Associates, masterfully created by lead designer Greg Bates. The team behind ION East Edgewater has assembled an aesthetic informed by style and an urbane sensibility, designed to make the sophisticated feel at home, and the cosmopolitan feel welcome. MAIN LOBBY MAIL ROOM LOUNGE BUSINESS CENTER GROUND FLOOR RESIDENT MAILROOM LOUNGE ELEGANTLY APPOINTED LOBBY WITH MAILROOM LOUNGE AND BUSINESS CENTER -GROUND-FLOOR PLAN MAIN LOBBY VIEW TOWARDS VIDEO ART WALL

MAIN LOBBY FACING ENTRY TO MAILROOM LOUNGE

RESORT LIVING COMES HOME The 8th-floor 1/2 acre resort pool deck is the true energy center of ION. It begins in the party room/lounge and flows into the 75 lap pool and then the Jacuzzi and water wall. Dip in to the Dive In movie theater or host a tropical cocktail party in one of the outdoor living rooms. On either side, find an extravagance of fun and sun with great design Fitness Lawn Firepit Summer Kitchen Hammock Garden that allows you to be social or have a bit of solitude. Entertain in the sleek summer kitchen which takes the backyard barbecue to a whole new place. Even ION s lavish fitness center is deigned to be both indoors and outdoors. ION is Florida living turned inside out. And outside in. Fitness Yoga Lawn Chef s Table Cabanas Bocce Court Living Rooms Outdoor Lounge Massage Billiards Room Lounge Reflecting Pool Swimming Pool Jacuzzi Floating Cabana Water Wall Outdoor Cinema POOL DECK 8TH-FLOOR POOL DECK FEATURING OUTDOOR DIVE IN THEATER

8TH-FLOOR PARTY ROOM / LOUNGE 8TH-FLOOR PARTY ROOM / LOUNGE OPPOSITE VIEW

STATE-OF-THE-ART INDOOR/OUTDOOR FITNESS CENTER FAMILY RECREATION ROOM

RESORT LIVING COMES HOME The rooftop Sky Deck is where Serenity meets the spectacular panoramic views of the Bay and beyond in addition to Miami s exquisite skyline. The Sky and Sunset lounges overlook a stunning garden deck and glittering infinity pool that hovers above the city like liquid sky. The Penthouse Lounges provide more indoor and outdoor entertaining. Host an intimate evening cocktail or a pre-theater dinner party high in the skyline. Spend afternoons unwinding around the sky infinity pool, catching every breeze on the tower s 37th-floor rooftop. Sky Lounge Serenity Deck Infinity Pool Sunset Lounge SKY DECK The common areas of ION are designed to make you feel like you are coming home to resort living. Soothing textures, welcoming spaces, inspiring art and tantalizing scents will surround you. -Master Designer, Greg Bates, HBA ROOFTOP INFINTY POOL

ROOFTOP SKY DECK FEATURING INDOOR/OUTDOOR SUNSET LOUNGE

SKY LOUNGE WITH RESIDENT BAR AND SUNNING TERRACE

ROOFTOP SKY DECK BUILDING ION EAST EDGEWATER is a 37-story, eco-friendly, luxury condominium located in the heart of East Edgewater, Miami s hottest new neighborhood, within minutes of the Wynwood Arts District, Midtown, the Design District, Brickell, the Downtown Arts and Entertainment District, Miami WorldCenter and Brickell City Centre Immediate access to public transportation such as Miami Trolley and Car2Go Masterfully designed by award-winning architecture firm Arquitectonica Sophisticated interiors by Master Designer, Greg Bates, of Hirsch Bedner Associates, known for his extensive, award-winning work in hospitality including Mandarin Oriental New York, Time Warner Center Landscape design featuring native, sustainable plants, by award-winning Arquitectonica GEO, landscape designers of the Perez Art Museum Miami Elegantly appointed lobby with 24-hour concierge staff and expansive video art display Ground-floor resident mail lounge and business center with conference room for all residents Beautifully landscaped, half-acre, 8th-floor resort Pool Deck featuring a dramatic, heated 75 lap pool, reflective pool, outdoor living rooms, massage area and cabanas, communal fire pit, outdoor Dive In theater, bocce court and terraced outdoor summer kitchen with chef s table. Rooftop Sky Deck with panoramic views of the city, bay and ocean, infinity pool, resident sky bar, lounge and sunning terrace Large public waterfront sculpture and art park located on same block and just steps from Biscayne Bay Planned 20,000 sq. ft. of prime retail/restaurant space on Biscayne Boulevard, with restaurant spearheaded by a renowned chef (TBD) Pet-friendly environment with private dog park Party Room/Lounge for events and entertainment overlooking the half-acre resort Pool Deck Fully equipped, state-of-the-art fitness center overlooking the half-acre resort Pool Deck and outdoor gym and yoga area Controlled-access parking garage 24-hour valet Family Recreation Room Executive business center & conference room for exclusive use by individual suite owners and their guests, located on 2nd floor Silver LEED building Private, secure storage for bicycles, paddle boards, etc. High-speed Wi-Fi Internet access in all social areas

SPACIOUS GREAT ROOMS RESIDENCES Layouts include one-, two- and threebedroom residences, plus six expansive, two-bedroom, duplex townhouses. Lofty ceiling heights of 9 in typical units, 10 in Penthouses and 11 in Grand Penthouses Energy-efficient design including hurricane-rated windows and high efficiency AC units with programmable digital controls Private, spacious outdoor terraces in all units Stone-finish countertops Energy-efficient, high-performance appliances in stainless steel finish Spacious tubs with Japanese wet areas complete with a glass-partitioned shower in most residences Advanced technology with Wi-Fi highspeed Internet, data/voice cable TV access Turnkey move-in packages available for purchase Contemporary European-style kitchen and bath cabinetry

NORTH PANORAMIC VIEW SOUTH PANORAMIC VIEW SEE LEGAL DISCLAIMER ON BACK PAGE

DEVELOPMENT TEAM SAKOR DEVELOPMENT, LLC Ion East Edgewater is being developed by Edgewater Miami, LLC, which is an entity formed by affiliates of SAKOR Development, LLC and Encore Housing Opportunity Fund. SAKOR Development, LLC is a partnership of two real estate industry veterans, Barbara Salk and Stephen Kornfeld, each with extensive South Florida experience in a diversity of large ground-up development projects. Their combined development and extensive construction experience span successful careers that bring over 75 years of expertise to their projects. Additionally, they have collaborated on several projects including the land assembly and zoning approvals for Icon Palm Beach (150 unit project in West Palm Beach, FL) and the mechanical and plumbing for City Place South Tower (420 unit project in West Palm Beach, FL). BARBARA SALK, PRINCIPAL Ms. Salk brings 25 years of multi-disciplined real estate experience with the last 15 years focused mainly in development, sales and leasing of residential and commercial property. Ms. Salk served as one of The Related Group s most senior condominium developers in Florida for 11 years and has overseen all disciplines of several residential projects representing over $1 billion in value and 2,000 units. Her comprehensive experience extends from land acquisition and underwriting project transactions to the full development and sales program for a condominium or mixed-use project. Her local relationships with contractors and vendors provide invaluable insider, ground-level intelligence and favorable pricing. In 2009 during the market downturn, Ms. Salk led asset management teams in unprecedented condominium closings in two distressed submarkets for two large bank syndicates encompassing 12 lending institutions. Prior to The Related Group, Ms. Salk was employed by J. E. Roberts/Archon Group (a subsidiary of Goldman Sachs) for 8 years where she oversaw the physical due diligence and negotiated appropriate pricing adjustments for approximately $18 billion in loan and real estate portfolio acquisitions. She also assisted in negotiations for environmental and capital funding adjustments with lenders and rating agencies on transactions totaling over $3.5 billion in proceeds. STEPHEN KORNFELD, PRINCIPAL Mr. Kornfeld is the third generation of his family in the construction industry, participating in the development and construction of major projects worldwide, many of which are located in South Florida. He is particularly well known and respected in the Mechanical, Plumbing and Electrical contracting fields, having performed work through his companies on some of the largest and complex projects built in recent history. He has a long and successful history in the international construction world as well. He first developed projects in his early twenties in the US Virgin Islands where he conceived and built well over a thousand units of housing for locals under government assisted programs. Mr. Kornfeld s MEP companies have completed assignments for some of the largest projects in New York, including The World Financial Center (3 towers, each 2 million sf), IBM World Headquarters, AT&T, Goldman Sachs and General Foods, the 2,000-bed NY Presbyterian Hospital and 2,000-bed addition to the NY Mount Sinai Hospital. Mr. Kornfeld grew what was a small family business into a conglomerate of specialty companies, which was sold in 2011 to Tutor Perini Corporation. In 2004, Mr. Kornfeld and partners purchased Nagelbush Mechanical in South Florida. Through his Florida company, Mr. Kornfeld has completed the mechanical and plumbing for over 20 of the major high-rise projects recently built in the Miami area. ENCORE HOUSING OPPORTUNITY FUND Nitin Motwani is a principal with Encore Housing Opportunity Fund, an opportunistic real estate fund manager which invests in residential real estate, with offices in Florida and California. Encore is a seasoned residential real estate development and investment firm, with land acquisition, development, and construction capabilities in-house. Encore operates two opportunistic funds and one private REIT, which when fully deployed, are anticipated to have in excess of $1B AUM. Encore currently has investments in Miami, Orlando, Jacksonville, Tampa, Dallas, Los Angeles, Sacramento, Phoenix, and San Francisco. The leadership of Encore is also involved in Miami Worldcenter, one of the largest urban mixed use projects in the country. Barbara Salk Principal BARBARA SALK, AS SENIOR DEVELOPER OF THE RELATED GROUP CityPlace - South Tower 1 - West Palm Beach, Florida STEPHEN KORNFELD, AS DEVELOPER Stephen Kornfeld Principal The Slade - West Palm Beach, Florida Nitim Motwani Principal, Encore NITIN MOTWANI, AS MASTER DEVELOPER OF MIAMI WORLDCENTER University Riverview - Bronx, New York 80 Broad Street - Stamford, Connecticut Miami Worldcenter - Miami, Florida SEE LEGAL DISCLAIMER ON BACK PAGE

ARCHITECT ARQUITECTONICA Arquitectonica is an architecture, interior design and planning firm that began in Miami in 1977 as an experimental studio. Led by Bernardo Fort-Brescia and Laurinda Spear, the studio has evolved into a worldwide practice, combining the creative spirit of the principals with the efficiency of delivery and reliability of a major architectural firm. Today, Arquitectonica has a practice across the United States directed from regional offices in Miami, New York and Los Angeles. Arquitectonica s international practice is supported by a European regional office in Paris; Asian regional offices in Hong Kong, Shanghai and Manila; the Middle East regional office in Dubai; and Latin American regional offices in Lima and São Paulo. Since its founding in 1977, Arquitectonica has won numerous American Institute of Architects and Progressive Architecture Design Awards. The firm has been named the AIA Florida Firm of the Year, and in testimony to the longevity of the firm s work, Arquitectonica won the AIA Test of Time Award for the Banco de Credito Headquarters, The Atlantis condominium and the Pink House. Arquitectonica has won more than 200 total awards for its iconic designs. The firm s work has been featured in more than 5,000 national and international publications such as Time, Newsweek, Life, Fortune and Business Week, as well as numerous professional journals such as Architectural Record, Progressive Architecture, Architectural Design, Domus, Global Architecture, L Architecture D aujourd hui, Abitare and Häuser. Arquitectonica s work spans several continents, from projects such as schools and universities, resorts and casinos, hotels, luxury condominium towers, retail centers and office buildings to specialized projects such as a U.S. Embassy, opera house/symphony halls, museums, courthouses, multipurpose arenas and convention centers, airports and transportation centers, television studios and several bank headquarters. Bernardo Fort-Brescia, FAIA, Principal Ion East Edgewater - Miami, Florida Icon Brickell Condominium + Viceroy Resort - Miami, Florida Brickell City Centre - Miami, Florida American Airlines Arena - Miami, Florida Canyon Ranch Hotel, Spa and Residences - Miami Beach, Florida Banco Wiese - Lima, Peru Brickell Condominum - Miami, Florida SEE LEGAL DISCLAIMER ON BACK PAGE

INTERIOR DESIGNER HIRSCH BEDNER ASSOCIATES Hirsch Bedner Associates brings hotel chic design to Ion East Edgewater. World-renowned as the Number 1 Hospitality Design Firm and honored in 2013 by the Gold Key Awards, Hospitality Design, Perspective Awards, the Boutique Design Awards and the European Hotel Design Awards; HBA/Hirsch Bedner Associates, unveils the world s most anticipated hotels, resorts, and spas. Leading the hotel design industry since 1965, HBA remains keenly attuned to the pulse of changing industry trends governed by today s sophisticated traveler. The company s international presence, depth of experience, and detailed industry knowledge enable them to identify interior design trends at their source, make definitive predictions about new directions and innovations, and influence design standards at a global level. HBA s ultimate objective is to add value, raise standards and enhance the brand of a project s owner and operator. HBA creates the signature looks of today s luxury brands, independent contemporary boutiques, urban resort spas, world-class residences, restaurants, casinos, and cruise ships. From continent to continent, each HBA interior is the result of a unique and sensitive response to location, architecture, and client vision. With over 1,200 designers around the globe in 16 offices and a recent expansion in several locations in Asia, HBA is a true global company with more than 75% of its employees now outside the United States. HBA s international presence, combined with its extensive knowledge of the interior design industry, has facilitated the ability to rewrite the language of design with each new project. HBA has offices in Los Angeles, Atlanta, San Francisco, London, Hong Kong, Beijing, Shanghai, Tokyo, Singapore, Melbourne, New Delhi, Dubai, Moscow, Istanbul, Bangkok and Manila. Mandarin Oriental - Miami Mandarin Oriental - New York Time Warner Center JW Marriott Hotel - Beijing Greg Bates, NCIDQ The Reef - Atlantis Mandarin Oriental - Washington DC Park Hyatt - Hyderabad Four Seasons Hotel - Guangzhou SEE LEGAL DISCLAIMER ON BACK PAGE

SALES & MARKETING KEY PLANS CERVERA REAL ESTATE Miami-based Cervera Real Estate has been South Florida s industry leader in luxury condominium sales for more than four decades and was one of the area s first brokerages to market extensively on an international scale. Today, Cervera s team of more than 325 professionals specializes in representing Miami s premier residential towers making them the broker choice for the sale and purchase of the latest luxury developments. 2 BD 2B 1217 SF 2 BD 2B + D 1206 SF 2 BD 2B + D 1215 SF 10 08 06 3 BD 3B + D 1695 SF 02 2 BD 3B + D 1371 SF 00 A tradition of success, 45 years deep and thousands of miles wide Dominant market share in exclusive sales representation 2 BD 2B 1217 SF 2 BD 2B + D 1208 SF 2 BD 2B + D 1203 SF 09 07 05 3 BD 3.5B + D 1803 SF 01 45,000-plus condominium units sold Over $12 billion in sales 3 BEDROOMS + DEN 2 BEDROOMS + DEN 2 BEDROOM LEVELS 17-34 Over 100 condominium projects represented exclusively Leaders in global connections with over 400 global strategic alliances Over 45 years and three generations since 1969 South Florida leaders through all economic cycles 19 real estate offices in South Florida Alicia Cervera Lamadrid Managing Partner 2 BD 2B 1233 SF 1 BD + D 800 SF 1 BD 1.5B 800 SF 1 BD + D 800 SF 10 08 06 04 2 BD 2B + D 1307 SF 02 2 BD 3B + D 1317 SF 1 BD 1B 720 SF One reputable brand, known globally 11 00 2 BD 2B 1251 SF 1 BD + D 800 SF 09 07 1 BD 1B 725 SF 1 BD 1.5B 830 SF 05 2 BD 2.5B + D 1451 SF 03 01 2 BEDROOMS 2 BEDROOMS + DEN 1 BEDROOM + DEN 1 BEDROOM/1.5 BATH 1 BEDROOM/1 BATH LEVELS 9-16 2 BD 2B 1233 SF 1 BD + D 800 SF 1 BD 1.5B 800 SF 1 BD + D 800 SF 10 08 06 04 1 BD 1B 720 SF 11 Brickell House - Miami, Florida Epic Residences & Hotel - Miami, Florida St. Regis Bal Harbour - Bal Harbour, Florida 2 BD 2B 1251 SF 1 BD + D 800 SF 09 07 1 BD 1B 725 SF 05 1 BD 1.5B 830 SF 03 2 BEDROOMS/2 BATHS 1 BEDROOM/1 BATH + DEN 1 BEDROOM/1.5 BATH 1 BEDROOM/1 BATH LEVELS 2-8

Visit our Temporary Sales Center at 275 NE 18th Street ionmiamicondos.com 855 619 0756 Exclusive Sales & Marketing by Oral representations cannot be relied upon as correctly stating the representations of the Developer. For correct representations, reference should be made to the documents required by section 718.503, Florida Statutes, to be furnished a Developer to a buyer or lessee. This offering is made only by the prospectus for the condominium and no statement should be relied upon if not made in the prospectus. This is not an offer to sell, or solicitation of offers to buy, the condominium units in states where such offer or solicitation cannot be made. Prices, plans and specifications are subject to change without notice. This condominium is being developed by Edgewater Miami, LLC, a Florida limited liability company (the Developer ), which has a limited right to use the trademarked names and logos of Encore Housing Opportunity Fund pursuant to a license agreement with Encore Housing Opportunity Fund. Any and all statements, disclosures and/or representations shall be deemed made by the Developer and not by Encore Housing Opportunity Fund or any other party, and potential or actual purchasers shall look solely to the Developer (and not to Encore Housing Opportunity Fund and/or any of its affiliates) with respect to any and all matters relating to the marketing and/or development of the condominium and with respect to the sales of units in the condominium. The graphics and text reflected are the copyrighted property of the Developer. The renderings illustrate and depict the spirit of a lifestyle; however, amenities and attractions of the condominium are subject to change. While there are water views at the property, views may vary. The restaurant is subject to the Developer obtaining all necessary and appropriate permits, none of which have been obtained. Any restaurant is intended to be privately operated by a third party operator from a commercial space.