RFP Shipyards

PRESIDIUM
SEA GL ASS AT
T H E S H I P YA R D S
CREATION DATE :
MARCH 2017
ISSUE 01
PROPOSAL
CREATED FOR :
CITY OF
JACKSONVILLE
PREPAIRED BY:
PRESIDIUM GROUP,
LLC
PRESIDIUM
Sea Glass at the Shipyards Proposal
TABLE OF CONTENT
| DEVELOPER / PRESIDIUM 05
| EXECUTIVE SUMMARY 12
SE A G L A SS PROP OSAL - PAGE 3 // 38

| REDEVELOPMENT VISION FOR THE SITE 14
| GENERAL INFORMATION ABOUT THE PROPOSER 22
| FINANCING STRATEGY 24
| FINANCIAL OFFER AND CAPACITY 25

P R E S I D I U M G R O U P, L L C
ABOUT US
Presidium was founded in 2002 by Presidium Groups development

Cross Moceri and John Griggs. From team leverages decades of industry
humble beginnings, weve grown experience to value engineer elegant
our organization to over 350 team solutions to complex problems that
members and over 50 assets under arise throughout every project. Our
management. Our team is distinguished cutting-edge development platform
by the diversity, depth and character allows us to use a proactive approach

of its people. We have office locations to design and execution, delivering
in both Austin and Dallas, Texas. Our properties on time and under budget.
partners are highly motivated and have Presidium Group understands that
a unique willingness to work withand a community is about more than
foreach other. concrete sidewalks or asphalt parking
lots, its about creating a place to call
The Presidium Group development home, where people can live, work
team focuses on sculpting a sense and play in an enriched environment
of place, immersed in sustainable, that has a positive impact on the
technology rich environments. Places surrounding area.
where nature and humanity are brought
together through thoughtful design.
PRESIDIUM GROUPS DEVELOPMENT

TEAM LEVERAGES DECADES OF INDUSTRY
EXPERIENCE TO VALUE ENGINEER ELEGANT
SOLUTIONS TO COMPLEX PROBLEMS THAT
ARISE THROUGHOUT EVERY PROJECT.
Cross Moceri is a co-founder and principal of

Presidium. Mr. Moceri began his real estate investment
career in 2002, focusing on multifamily investments
in the Southern United States. Mr. Moceri is primarily
responsible for development, capital formation,
acquisitions, financial structuring, and portfolio
development. Over the past decade, Mr. Moceri
has spearheaded more than $1.25B of real estate
investments. Mr. Moceri heads the Austin office of
Presidium.
B.A. University of Notre Dame, 1996

Cross Moceri J.D. University of Michigan, 1999
Principal, Co-CEO
Presidium Group
John Griggs III is a co-founder and principal of

Presidium, and oversees all operational and financial
aspects of Presidiums portfolio, including property
and asset management, investor relations, and financial
reporting. Mr. Griggs has overseen the acquisition and
successful integration of more than $1.25 billion in
real estate assets and currently supervises over 350
Presidium employees. Mr. Griggs heads the Dallas
office of Presidium.
A.B. Stanford University, 1995
John Griggs J.D. University of Michigan, 1998
Principal, Co-CEO
Presidium Group
ABOUT OUR AGENCY

Presidium Group has over 350 team members and more than 50
assets under management. With offices in Dallas, Austin and Houston,
our team is distinguished by the diversity, depth and character of its
people. We believe in and promote excellence, efficiency and hard
work. We are committed to consistently attaining the highest levels
of performance. We have assembled a quality team of professionals
that strive for operational excellence day in and day out. We excel
because we outwork our competition.
Integrity. We take our responsibility as fiduciaries to our stakeholders
very seriously. We operate our organization with the highest ethical
standards and pride ourselves on always doing the right thing. Several
of our capital partners have invested with us for over a decade.
Innovation. We are pioneers that push the boundaries of our industry.
We were one of the first groups to install sustainable amenities in
our properties starting in 2009, including aerating devices to
reduce water consumption, and solar PV installations to reduce our
electricity consumption. We also advanced the model of design-
driven renovations, creating a superior and unique product through
architecture and design expertise.
Teamwork. We encourage cooperation and collaboration throughout
our organization. The constant flow of information is essential to
success in this industry and our people communicate constantly
throughout the life-cycle of an asset to ensure the success of the
investment.
Nathan A Vargo
SENIOR VICE PRESIDENT OF DEVELOPMENT
Mr. Vargo has extensive industry knowledge, more than a decade

of real estate transactional and development experience, and an
intimate understanding of capital markets.
Previous to working with Presidium Group, Mr. Vargo served
as the Director of Development at LD&C, an Austin based
development and construction company, where he was directly
responsible for; site selection, planning, budgeting, design team
management, securing entitlements and municipal approvals,
raising equity, setting investment strategy, negotiating and
structuring partnerships, engaging and closing on financing, along
with overseeing both; completion phase punch list execution, with

an eye on perfection, and lease-up through stabilization.
His portfolio of accomplishments includes apartment buildings,
Education
mixed use projects, commercial office, warehousing, and
Western Michigan University
residential housing.
Bachelor of Business Administration:
Finance and Economics
During Nathans tenure at LD&C, the company completed, broke
ground on, and planned, several projects in many of Austins most
Licensure
popular neighborhoods, some shining examples include:
Licensed Real Estate Agent
21 Pearl: Completed and stabilized 136 unit, 101k sq ft
Accreditations student housing complex in University of Texas West campus
CCIM Candidate Member (Certified Neighborhood.
Commercial Investment Member)
CNE (Certified Negotiation Expert) 1139 W Braker Ln: Completing a multitenant commercial
office building
PMP (Project Management Professional)
2002 Glen Allen: Completing a boutique condo project.
Professional Affiliatio
Urban Land Institute 48 East Ave: Envisioning, planning, capitalizing, and submitting
CCIM (Certified Commercial Investment for permit on a 35 story mixed use apartment building in the
Membership) Central Business District of Austin, TX. (Rainey Street
District).
3114 S Congress: Breaking ground on a mixed use apartment
building serving St Edwards University.
1615 E 7th: Breaking Ground on a mixed use apartment
building in one of Austins transit oriented districts (Commuter
Rail Train Station).
R. Bruce Lowe
PRESIDENT OF CONSTRUCTION
Bruce Lowe is a 24-year construction veteran, he has lead

companies as a President and Chief Operating Officer;
additionally he has served as a Project Executive and Manager at
Peter Kiewit & Sons and DPR Construction. His project variety
includes federal, office, data center/mission critical, healthcare,
institutional, retail, multi-family and tenant improvement projects
ranging in size from $2MM to $135MM.
In addition to his extensive construction experience, Lowe brings
expertise in recruiting, leading and directing large project teams,
engineering and facilitating business improvement programs,

and building and maintaining key client relationships. Bruce loves
to coach, teach, and mentor younger team members watching
them gain experience and knowledge. Prior to entering the civilian
Education construction industry, Bruce held the rank of Captain in the United
Texas A&M University States Army Corps of Engineers. During his military career, Lowe
Bachelor of Science in Building Construction commanded and led multiple engineering organizations and
and Environmental Design provided engineering expertise in building & combat construction
Texas A&M University both in the United States and overseas.
Master of Science in Construction
Management National Audio Visual Conservation Center - Library of
Congress: $135M, Senior PM, Culpeper, VA.
Accreditations
Charter One Mortgage Corporate Headquarters and Data
Certified Professional Contractor (CPC)
Center: $12M, PM, Richmond, VA.
LEED Accredited Professional (LEED AP)
National Standard General Commercial Arthouse at Jones Center: $6M, Senior PM, Austin, TX.
Building Contractor (IBC 2012), OSHA-30,
OSHA-10 Scott & White Clinic - Three Clinics: $8M. Senior PM,
CPR/First Aid Pflugerville, TX, Copperas Cove, TX Killeen, TX.
Natural Vitality: $7M, PX, Austin, TX.
Massawa Airfield Expansion: $5M, CPT US Army, Massawa,
Eritrea.
Riverbend Church: $6M, Senior PM, Austin, TX.
Eastern Virginia Bank Shares Headquarters and Data Center:
$4M, PM, Tappahannock, VA.
Lake Anna Power Plant Operation Building: $5M, PM,
Mineral, VA.
Chris Czichos
VICE PRESIDENT CREATIVE DIRECTOR
Chris works to oversee the creative direction of Presidium as well

as the strategic direction of our new development projects. These
efforts range from cooperate branding and presentation materials
to designing innovative solutions that differentiate Presidium in
the development arena. In addition, Chris continues to oversee
our sustainability department and lead the effort to create a
sustainable vision for Presidium Group that focuses on people,
profit and the planet.
Prior to joining Presidium Group, Chris was the Director
of Solutions for Circular Energy a leading Solar Design and
Installation Company in Austin, Texas. Chris spent 6 years as the
Architectural Coordinator for the Agave Development where he
Education oversaw the conceptualization and construction of the nations

Baylor University first affordable modern community, comprised of over 200
Bachelor of Arts in Foreign Service and homes.
Environmental Studies
University of Texas, Austin In addition, he has work as designer and project manager for many
architectural firms including QMET Architects, KRDB, and Page
Graduate Studies in Architecture
Southerland Page. Chris is a returned Peace Corps Volunteer.
He spent 2 years working in Mali, West Africa on a wide range
of programs including appropriate technology, small enterprise
development, and educational resource improvement.
G. Michael Piano
PROJECT MANAGER
Michael is a Development Manager with Presidium Group. His

focus is development operations, project management, budgeting
& scheduling, underwriting, work flow and creative process.
Coming from a background in Land Planning, Urban Design &
Planning, Feasibility Analysis and Landscape Architecture, his
passion is finding a blend of sound financing strategies mixed with
elegantly value engineered solutions. Michael is geared to look
at every development project through the lens of tested urban
design & planning standards, zoning, encumbrance evaluation,
architectural massing a to understand development feasability.
Education
University of Wisconsin - Madison
Bachelor of Landscape Architecture
and Urban Design
CONSULTANTS
MARK T. FARRELL
Mark T. Farrell founded Killashee Investments, LLC in 2007 after a successful 25 year financial career. Born
in Binghamton, New York, Mark went to James Madison University located in Harrisonburg, Virginia. He
graduated in 1980 with a BS in Accounting. After college, Mark received his CPA designation in the state of
Virginia. From 1987 1990 Mark was the Controller Controller Vice President of Finance for Wilson Financial
Corporation, Jacksonville, Florida. From 1990-2006 Mark was the President Chief Executive Officer for
Vestcor Companies, Jacksonville, Florida. Currently, Mark is the Owner of Killashee Investments, LLC. Over his
career Mark has participated in $1 billion worth of real estate transactions.
Past activities include being a board member of Downtown Vision Inc., The Otis Smith Foundation, Palmer
Catholic Academy, The Florida Theatre and St. Johns County Economic Development Council. Current board
member of Ponte Vedra Rotary Club.

KENT SCHMIDT
Kent Schmidt has been in the real estate, development and construction business since 1972. His experience is vast
and iuncludes work in the fields of development, development construction, construction, consulting, brokerage
and management. Kent has overseen the rezoning, permitting and entitlement of over 200 acres for commercial
use in Jacksonville, Fl. He is a licensed general contractor with experience in home construction and commercial.
MICHAEL SCHMIDT
Michael is a Designer and Junior partner in real estate development company. Currently developing 350 unit
multi-family on 12 acres in the Southside area of Jacksonville. He is also the Owner and Pitmaster for the Bearded
Pig Jacksonville, FL. He Designed and oversaw the permitting and construction of 110 seat BBQ restaurant. The
building won a preservation award from for best adaptive reuse in 2016 from the San Marco Preservation Society.
The restaurant has quickly become one of the top restaurant in the city.
EXECUTIVE SUMMARY
The Jacksonville Shipyard is a 70 Acre, 7m SqFt Mixed-Use Development opportunity in a core area
of Jacksonville, FL. Located along the St Johns River, between the Northbank neighborhood and the Arena
district home to the Jacksonville Jaguars. The property has had a rich history as an employment and logistics
hub that stretches nearly 120 years. The site currently sits vacant.
The Property is composed of 3 distinct sub parcels totaling 70 acres of gross land.
The shipyard district will be thoughtfully designed and possess many new urban qualities including pedestrian
orientation, activated public space and a human scale environment.
Our plan will seamlessly integrate with the surrounding area amenities connecting the downtown
environment to the Metropolitin park with a hike and bike trail. We will also look to strengthen the
connection with the arena district utilizing the exiting light and pedestrian crossing along Gator Bowl Blvd
along the south end of the sports complex.
The district will include several monument and museum quality public buildings ie aquarium, childrens
museum etc, along with professional office space, an area for live entertainment, restaurants/ bars and a
variety of housing options appealing to nearly all socio-economic levels.
The Shipyard district will be home to the uniquely versioned Seaglass tower that will stand as the gateway
to the city and potentially the state.
Sea Glass Tower Rising over 1000 ft above the City of Jacksonville along the banks of the St. Johns
River SEAGLASS tower will represent the citys arrival on the international stage. Through the often
subtle manipulation of space; light, shadow, and transparency collaborate through multiple flows of
movement to create a sculpted solution embracing Jacksonvilles maritime significance with dynamic
nautical geometries. Aluminum, stainless steel and glass interact with the eye to convey a sense of
lightness while the horizontal battens illuminate in the night, shifting colors in celebration of seasonal
and festive events. At the top of the tower visitors can enjoy a meal at one of two dining establishments
or take in the views from the 7000 s.f. skydeck.
Capitalizing on the St. Johns Rivers importance, strong view corridors are created throughout the site
providing pedestrian level permeability to the expanse of lush gardens, fountains and sculptures that weave
the environment together in the context of architectural articulation expressing the maritime narrative.
This newly created tower district will reflect the growing trend of walk-able town center environments.
Encouraging round-the-clock activity the tower districts mixed-use elements include the tallest structure
in the state of Florida, integrated retail, two hotels, the Jacksonville aquarium and will become home for
Jacksonvilles new convention center.
PROCESS GUIDE
STATE CITY SUB MARKET
Florida Jacksonville Northbank/Arena District
PROJECT NAME
Jacksonville Shipyard Waterfront Development
DEVELOPMENT TYPE

Two through five-story wrap and podium style buildings
USE MIX
Class A: Multifamily, Office, Retail, Hospitality
LAND AREA
70 Acres (3,049,200 SqFt)
BUILDABLE SQFT
Potential for 4 million SqFt
ZONING
Zoning for all property use classifications
AREA AMENITIES
Water front location in core area, adjacent to Metropolitan Park a 23 acre

waterfront park with Playgrounds, picnic areas and performance pavilion,
walkable to EverBank Field, and Jacksonville arena, great access to major
transportation network of roadways and highways, along with unparalleled
access to public transit.
VISION FOR THE SITE
ALIGNMENT WITH THE BID PLAN

Sea Glass at the Shipyards Development will be the centerpiece of the entertainment district on the North
Bank. Driving the energy of the development will be the beautiful SEAGLASS Tower rising over 1,000
feet above the City of Jacksonville along the banks of the St. Johns River. SEAGLASS tower will represent
the citys arrival on the international stage. Through the often subtle manipulation of space; light, shadow,
and transparency collaborate through multiple flows of movement to create a sculpted solution embracing
Jacksonvilles maritime significance with dynamic nautical geometries. Aluminum, stainless steel and glass
interact with the eye to convey a sense of lightness while the horizontal battens illuminate in the night, shifting
colors in celebration of seasonal and festive events.
At the top of the tower visitors can enjoy a meal at one of two dining establishments or take in the views
from the 7,000 s.f. skydeck. Capitalizing on the St. Johns Rivers importance, strong view corridors are
created throughout the site providing pedestrian level permeability to the expanse of lush gardens, fountains
and sculptures that weave the environment together in the context of architectural articulation expressing
the maritime narrative. This newly created tower district will reflect the growing trend of walk-able town
center environments. Encouraging round-the-clock activity the tower districts mixed-use elements include
the tallest structure in the state of Florida, integrated retail, two hotels, world class Aquarium and Fine Art
Museum.
The development will become home for Jacksonvilles new convention center. SEAGLASS at the Shipyards
will have a wide range of affordable and luxury residences that will be attractive to all age groups. Due to the
expansive river walk and garden space residents and guest to enjoy an active lifestyle. To further attract visitors
and guests, a protected marina will be developed which will incorporate private and public slips.
POTENTIAL CHALLENGES
The developer will require the City to clean up all potential environmental hazards, beautify Bay Street with
landscape and hardscape, extend the Riverwalk from downtown along Development waterfront, provide all
required utilities to site, provide storm treatment and storage, allow access to all city parking including Everbank
Field (on non-game / event days), extend Skyway to Development and construction of mooring space for the
USS Adams. City will provide a 5 year tax abatement on development and then incrementally increase over 5
years.
TIMELINE
2017 2018 2019 2020 202 1 2022 2023 2024
SITE CLEANUP
E N T E R TA I N M E N T D I S T R I C T
DESIGN

E N T E R TA I N D I S T R I C T
CO N S T U C T I O N
MIXED USE DESIGN
M I X E D U S E CO N S T R U C T I O N
M U LT I FA M I LY
S TA B I L I Z E
FACILITY OPERATIONS
Presidium will oversee all aspects of the development and construction management of the
project. Presidium will hire local professional consultants to compliment the development
team. The City of Jacksonville will coordinate and work with Presidium on property clean up,
beautification of Bay Street, bringing utilities to site, extending River Walk, and any required
site preparation mechanisms. Once the site has been improved with an entertainment
district, Presidium will engage consultants for the construction and lease-up of the mixed-
use district.
CONCEPTUAL SITE & LAND PLAN
Parkland
Food Truck Court
Class A Multifamily
Active Market Style Grocery

Anchor
Class A Multifamily Mixed
Use
Class A Residential Tower
Gastro Pub and Brewhouse

Hotel & Residences
Creative Office Incubator

Class A Residential Tower
Retail & Seaside Cafe Space
Multi-Story Structured
Parking Garage Facility
w/Retail Liner on ground
level
Retail
Jacksonville Convention Center
Seaglass Tower
Historic Ships & Retail
Retail
Jacksonville Aquarium
Jacksonville Art Museum
Retail (x4)
PRELIMINARY PROGRAM METRICS
LAND USE ALLOCATION
Retail 8.75
Mixed Use Office 2.43
Mixed Use Residential 8.05
Hospitality 2.37
Restaurant & Food Truck 3.75
Grocery Anchor 1.69
Convention 5.68

Sea Glass Tower 2.82
Aquarium 4.63
Art Museam 4.55
Open Space/ParkLand 8.11
Vehicular Parking 6.74
Submerged Land 10.02
TOTAL 70.00
LAND USE DISTRIBUTION
10%
Parking 24%
Retail &
Hospitality
26% Open Space

Mixed Use
Offi 3%
Mixed Use
Residential
12%
Civic Space
25%
CONCEPTUAL SITE PLAN FOR SEA GLASS TOWER

CONCEPTUAL DRAWING FOR JACKSONVILLE AQUARIUM

CONCEPTUAL DRAWING FOR SEA GLASS TOWER & CONVENTION CENTER

ECONOMIC AND FISCAL IMPACT PROJECTIONS

Target Market:
Multifamily Our target market is made up of the two largest generational architypes in the country:
Millennials, Gen Xers and Professionals. The age of our target market ranges from 21-54, with an average
household size of 1.85-2.1 people per dwelling unit. They have a relatively broad income range of $51k- $93k.
One of the main differentiating elements of our target is that they prefer to rent their living space. These
folks will have a high level of bachelor degree attainment, are health conscious consumers who exercise
regularly, and pay attention to the nutritional value of the food they eat. They are typically environmentally,
and image conscious as well, helping to drive their decisions, and having a positive impact on surrounding
retailers who cater to these needs. Salaries are the primary source of income, and because of little financial
responsibility, these folks are spenders rather than savers, although investing the money they do save is a
priority as a way of supplementing income.
Office Our target office tenant will be heavily influenced by the need for Class A space in the most
desirable locations in Jacksonville. Class A tenants are searching for contiguous blocks of space larger
than 100,000 sq ft. and minimal development is in the pipeline for the Downtown area of Jacksonville.
Jacksonville is seen as a low-cost center for the financial services industry, and growth in the industry has
boosted recently reported absorption levels. Many of these companies are located in suburban office
buildings, but the desire to be in Downtown is present and will attract Class A tenants to new development in
the area.
Retailers The target retail tenant will be one that is considered destination retail, possessing a unique,
urban, upscale feel that is currently lacking in Downtown Jacksonville. A destination restaurant with a
recognized chef will attract residents and tourists alike. Lifestyle retail brands such as active wear companies
or modern fashion boutiques would provide Downtown shoppers with a broader range of hip products than
existing options in the area.
Hospitality It is likely that Hospitality will be part of the final phases of the development plan. We will be
targeting full service brands that include food and beverage in the service offerings. The Jacksonville market
has had some of the strongest hospitality market fundamentals in the U.S., while still demonstrating demand
for new supply. We will look to target a size of about 250-300 keys with and ADR of about $110.
Pricing:
Multifamily- The market rents for Class A multifamily in the submarket range from $1.50- $1.95/sqft/mo
depending on unit size. Rent growth trended over the last 5 years is 15%.
Office- The blended market rents for Class A office in Jacksonville are $21.52/sqft/yr. Rent Growth
has trended at 3.5%/yr.
Retail- The submarket has blended rents for retail of $20.00/sqft/yr. Rent Growth has remained steady.
Hospitality- We are targeting a nightly rate of $120, with an average daily occupancy of 70%. Demand is
projected to outpace supply through 2018 for the Jacksonville hospitality market.

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ABOUT THE PROPOSER
CURRENT PROJECTS
THE PECAN DISTRICT

45 Acre $250M total project size
Mixed use project of low-rise buildings, located in one of the fastest
growing suburbs in the State of Texas, Pflugerville. The Commons
is located at Heatherwilde and Pecan, which is one of the most
important intersections in the city adjacent to the Welcome to
Pflugerville sign. This project is being designed with new urbanistic
qualities and will target a growing population of folks who want an

urban lifestyle but have a suburban budget. Phase 1 Coming Spring
2018.
THE EDISON
353 Unit Multi-Family - 9.2 Acre - 353 units $72M
Luxury apartment complex with panoramic views of Down Town

Austin, located in one of Austins fastest growing corridors, River-
side Drive. This project will be LEED rated and will include many
energy efficient touches including solar panels, VRF HVAC sys-
tems, as well as many innovative rain water management and water
saving features.
1600 PLEASANT VALLY

582 Unit Multi-Family - 5.6 Acre 582 units $125M
Luxury mid-rise multifamily complex located along Pleasant Valley

Drive in Austin, Texas. A stones throw from the recently announ-
ced Oracle campus and walking distance to the Lady Bird Johnson
hike and bike trail. This project will be LEED rated and include solar
panels, along with many water conservation measures. Coming
Summer 2019.
JTB
350 Unit Multi-Family - 12 Acre 350 units $57M
Luxury multifamily complex with four 4-story buildings, each with

enclosed and air-conditioned corridors, elevators, and attached ga-
rages. Resort-style swimming pool, resident lounge and club room,
leasing office, balconies and patios with premium views, community
dog park, grilling stations, amenity area, Wi-Fi access, elevator
banks, and state of the art fitness room Located 1.5 miles from St.
Johns Town Center in Jacksonville, Florida. Coming Summer 2018.
PRESIDIUM GROUP 2016 ACCOMPLISHMENTS

Acquisition of 2,700 bed Student Housing
Received Permits for $72mm Development Portfolio in Austin, Texas
$15mm Joint Venture in Oil and Gas platform $105mm in Refinances
First Acquisition in Oklahoma $140mm in Property Sales
Acquisition of 45 acres in Austin, TX $250mm of Total Acquisitions
PRESIDIUM GROUP ACQUISITIONS VOLUME

250
200
150
100
2013 2014 2015 2016 50

9 21 10 9
Aquisitions Aquisitions Aquisitions Aquisitions
$74,000,000 $177,000,000 $170,000,000 $250,000,000 0

FINANCING STRATEGY
SOURCES AND USES

Each phase will require approximately 30-40% equity and will be provided by Developer and investors. The
balance will be funded by institution debt. Our Cultural Institutions (Aquarium and Fine Art Museum) will be
privately funded by donations. The Convention Center will funded by the issuance of bonds serviced with the
increase in Bed Tax.
CONCEPTUAL DEVELOPMENT BUDGET

The Developer will pay the City $20,000,000 fee simple purchase. It is anticipated that the overall
development of the project will exceed $1 Billion including all soft costs.
PROPOSED METHOD OR MANNER FOR THE CONVEYANCE

The Developer will take down the entire site after the payment of $20,000,000. Those funds will enable
the city to add to budgeted funds to clean up hazardous materials on the site. In the event of a sale or Land
lease, the Developer will pay to the City 50% of net proceeds after Developer receives 100% of their
investment and a 20% IRR on that investment.
FINANCIAL OFFER AND

CAPACIT Y
PROPOSED PURCHASE PRICE

Proposed Purchase Price for the site will be $20,000,000.
PROPOSER (PRINCIPALS) COMBINED NET WORTH

$100,000,000

CAPITAL STACK
20 Million Purchase Price - $20,000,000
15 Million
EQUITY
Class A (Common Equity) - $20,000,000
10 Million $20M
The capital needed will come from a combination of
regional, and super regional senior lenders, Life insurance
companies, as well as non-traditional (non-bank) lenders
and equity providers.
5 Million
0 Million
*Presidium may seek a Senior Debt Land Loan on the Purchase Price in
the range of 5-65% of purchase price.
Presidium Group
Income Statement (12 months)
Period = Jan 2014-Dec 2014
Book = Accrual ; Tree = ysi_is_cpmcorp
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Total
5000-9999 INCOME
5100-0108 Mgt Fee - LaJolla on the Lakes (Cove) 8,527.83 8,664.50 9,033.57 9,029.42 8,490.84 0.00 0.00 0.00 0.00 0.00 0.00 0.00 43,746.16
5100-0112 Mgt Fee - Trails at Dominion 6,077.33 5,926.90 6,116.87 15,412.16 14,922.53 15,123.66 13,709.76 14,365.83 14,717.35 15,677.30 15,984.05 16,284.42 154,318.16
5100-0117 Mgt Fee - Couryards 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 30,000.00
5100-0118 Mgt Fee - Retreat 0.00 9,347.85 8,558.97 8,950.98 8,512.48 8,790.78 9,539.19 9,905.53 9,855.48 9,782.48 10,046.03 10,166.64 103,456.41
5100-0119 Mgt Fee - Courtyards Manor 0.00 0.00 0.00 0.00 458.66 2,435.67 2,563.09 2,467.16 2,408.74 2,626.73 2,553.42 2,801.48 18,314.95
5100-0120 Mgt Fee - Live Oak Bend 0.00 0.00 0.00 0.00 3,392.71 3,872.64 2,988.57 3,172.92 0.00 0.00 0.00 0.00 13,426.84
5100-0200 Mgt Fee - Courtyards of Valley View (Quebec Hous 1,687.60 1,752.87 1,740.49 1,707.57 1,737.14 1,649.92 1,609.41 1,668.35 1,749.44 1,789.74 1,707.22 1,700.18 20,499.93
5100-0201 Mgt Fee - LaJolla on Meadowbrook (Randol Crossin 4,326.26 4,927.15 4,464.25 4,924.68 4,231.83 4,422.82 4,388.30 4,339.86 4,458.33 4,624.50 4,236.07 4,828.38 54,172.43
5100-0205 Mgt Fee - LaJolla at Esters (MeadowWood AHF-DP 5,840.15 5,842.24 5,534.61 5,728.01 5,153.20 5,493.08 5,277.01 5,380.42 5,634.54 5,377.63 5,390.26 5,821.96 66,473.11
5100-0207 Mgt Fee - LaJolla Ridge 5,088.00 5,597.41 5,422.97 4,905.13 4,688.01 5,547.59 3,650.60 4,662.97 4,658.72 4,657.71 4,529.03 5,123.76 58,531.90
5100-0208 Mgt Fee - LaJolla Terrace 8,271.49 8,153.93 8,835.80 8,112.62 7,979.00 8,318.01 7,114.67 8,420.57 7,566.33 7,803.41 7,650.61 7,101.81 95,328.25
5100-0211 Mgt Fee - South Side on Lamar 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 90,000.00
5100-0217 Mgt Fee - Oak Lawn 3,456.43 3,333.70 3,461.13 3,568.87 3,226.77 3,309.23 3,389.76 3,763.25 3,790.43 3,509.93 3,675.01 3,772.11 42,256.62
5100-0219 Mgt Fee - Easton 6,445.98 5,973.71 6,670.00 6,747.03 6,208.37 6,284.15 5,380.64 5,899.26 6,701.49 6,603.11 6,786.86 6,835.32 76,535.92
5100-0220 Mgt Fee - Villas at White Rock 0.00 0.00 0.00 0.00 321.57 12,357.24 13,326.02 14,348.59 14,036.18 14,429.63 14,051.23 14,151.67 97,022.13
5100-0221 Mgt Fee - East Town 0.00 0.00 0.00 0.00 0.00 0.00 4,261.50 4,312.00 4,005.27 4,038.68 4,266.21 4,256.79 25,140.45
5100-0223 Mgt Fee - Sierra Vista 8,700.88 8,117.64 7,999.11 8,129.74 7,794.86 8,148.17 9,076.69 9,312.00 9,787.36 10,138.86 9,799.09 10,282.71 107,287.11
5100-0224 Mgt Fee - Ridgmar 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 179.54 8,161.54 9,333.32 17,674.40
5100-0225 Mgt Fee - Villa Jolla 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 883.06 3,818.65 4,186.93 8,888.64
5100-0226 Mgt Fee - Vineyards 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 91.09 8,360.81 8,054.97 16,506.87
5100-0227 Mgt Fee - Spring Hill 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,146.65 1,146.65
5100-0301 Mgt Fee - The Arbor 3,159.48 3,441.61 3,498.78 3,769.33 3,728.82 3,455.24 4,041.89 3,856.39 4,633.27 4,800.72 5,050.39 5,023.87 48,459.79
5100-0302 Mgt Fee - Autum Hills 3,337.74 3,384.05 3,460.07 3,569.61 3,638.01 3,555.83 4,562.63 4,212.66 4,560.94 4,793.85 4,789.35 5,007.13 48,871.87
5100-0303 Mgt Fee - Austin View 6,066.66 6,478.42 6,100.54 6,871.66 6,238.65 6,495.96 6,670.12 6,647.32 7,095.33 6,685.70 7,119.91 7,213.76 79,684.03
5100-0304 Mgt Fee - Canyon Oaks 13,512.18 12,052.52 12,872.97 13,733.07 13,672.15 13,888.57 13,542.82 13,478.84 13,233.22 13,474.53 13,078.12 13,581.84 160,120.83
5100-0305 Mgt Fee - Hidden Villas 0.00 0.00 0.00 0.00 0.00 925.64 4,463.54 3,846.94 4,000.83 3,957.82 3,917.82 4,065.23 25,177.82
5100-0306 Mgt Fee - Laurel Woods 0.00 0.00 0.00 0.00 0.00 956.75 4,154.99 4,632.89 4,878.76 4,658.46 4,686.79 4,764.96 28,733.60
5100-0430 Mgt Fee - LaVita 3,610.56 3,457.33 3,411.04 3,322.01 3,365.59 3,570.67 3,554.81 3,673.13 3,512.64 3,761.84 3,545.83 3,728.49 42,513.94
5100-0501 Mgt Fee - Hunters Ridge 1,901.05 1,727.46 2,141.97 1,638.27 1,716.38 1,760.82 1,826.33 2,021.93 2,270.09 2,289.27 2,768.19 3,052.12 25,113.88
5100-0502 Mgt Fee - Oakwell 4,265.31 4,070.40 4,011.42 4,307.62 3,843.09 4,389.22 4,090.27 4,546.27 4,725.02 4,608.51 4,870.94 5,128.06 52,856.13
5100-0503 Mgt Fee - Towne Oaks 0.00 0.00 0.00 595.26 4,260.25 4,232.29 3,675.38 3,887.78 3,924.13 3,974.74 4,293.15 4,211.23 33,054.21
5100-0504 Mgt Fee - Cinnamon Creek 0.00 0.00 0.00 0.00 10,390.07 10,504.19 9,580.53 9,500.06 10,398.85 10,019.09 10,408.52 10,360.39 81,161.70
5100-0505 Mgt Fee - Rayo Del Sol 0.00 0.00 0.00 0.00 1,411.32 8,650.23 7,885.17 8,218.47 7,938.53 8,759.82 9,010.31 8,594.37 60,468.22
5100-0506 Mgt Fee - Sentinel Pointe 0.00 0.00 0.00 0.00 0.00 0.00 806.16 1,729.79 1,942.74 1,787.16 2,221.72 2,259.28 10,746.85
5100-9999 Total Management Fee Income 104,274.93 112,249.69 113,334.56 125,023.04 139,382.30 158,138.37 165,129.85 172,271.18 172,484.01 175,784.91 196,777.13 202,839.83 1,837,689.80
5150-9999 OTHER INCOME
5400-0000 INTEREST INCOME
5400-0001 Interest Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 51.00 51.00
5400-9999 Total Interest Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 51.00 51.00
5500-0000 OTHER REVENUE
5500-0001 Miscellaneous Income 13,308.45 3,500.00 14,835.44 38,911.37 2,182.03 5,642.00 17,168.85 35,880.73 25,342.63 14,086.94 9,939.04 54,666.73 235,464.21
5500-0002 Miscellaneous Income - Sbuilding 96,816.10 11,587.40 115,215.07 -40,169.00 166,433.60 219,336.90 166,111.45 56,381.90 14,114.17 -44,375.80 121,360.53 -20.81 882,791.51
5500-0003 Miscellaneous Income - Sbilling 12,371.52 13,086.82 12,273.65 13,832.98 18,532.58 18,552.09 14,045.03 15,221.05 21,150.18 23,365.03 20,727.83 24,769.36 207,928.12
5500-0004 Miscellaneous Income - Pconstruction 11,963.91 170,714.39 15,743.32 28,399.71 27,158.87 58,468.25 92,367.69 132,014.14 137,504.89 89,567.62 129,261.71 158,519.23 1,051,683.73
5500-0006 Ordinary (Income) Loss - Passthrough 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,183,609.24 1,183,609.24
5500-0007 Rental Real Estate (Income) Loss 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1,153,794.00 -1,153,794.00
5500-9999 Total Other Revenue 134,459.98 198,888.61 158,067.48 40,975.06 214,307.08 301,999.24 289,693.02 239,497.82 198,111.87 82,643.79 281,289.11 267,749.75 2,407,682.81
5600-9999 TOTAL OTHER INCOME 134,459.98 198,888.61 158,067.48 40,975.06 214,307.08 301,999.24 289,693.02 239,497.82 198,111.87 82,643.79 281,289.11 267,800.75 2,407,733.81
5900-9999 TOTAL INCOME 238,734.91 311,138.30 271,402.04 165,998.10 353,689.38 460,137.61 454,822.87 411,769.00 370,595.88 258,428.70 478,066.24 470,640.58 4,245,423.61
6000-9999 OPERATING EXPENSE
6100-0000 PAYROLL & BENEFITS
6100-0001 Corporate Payroll 153,732.18 141,477.39 112,648.13 135,956.81 145,748.38 140,878.15 150,523.24 143,599.37 135,088.82 146,868.73 147,974.59 155,275.07 1,709,770.86
6100-0017 Payroll Taxes 16,062.19 16,228.95 11,824.94 14,257.16 17,084.28 17,020.43 19,354.94 21,322.78 20,562.71 22,535.37 22,043.73 23,825.78 222,123.26
6100-0019 Health/Employee Insurance 9,435.44 7,741.29 8,145.79 11,011.21 7,819.35 11,371.62 9,133.41 19,036.12 14,383.52 9,958.44 15,425.57 9,408.73 132,870.49
6100-0021 Employee Training/Benefits 403.00 305.00 777.61 125.00 0.00 0.00 0.00 0.00 0.00 0.00 125.00 0.00 1,735.61
6100-9999 Total Payroll & Benefits 179,632.81 165,752.63 133,396.47 161,350.18 170,652.01 169,270.20 179,011.59 183,958.27 170,035.05 179,362.54 185,568.89 188,509.58 2,066,500.22
6500-0000 MARKETING EXPENSES
6500-0002 Advertising - newspaper/magazine 50.61 0.00 1,222.59 0.00 0.00 218.32 0.00 0.00 0.00 0.00 197.00 0.00 1,688.52
6500-0003 Advertising - internet 90.00 200.00 0.00 0.00 150.00 0.00 180.00 0.00 50.85 90.00 0.00 596.07 1,356.92
6500-0004 Advertising - signage 0.00 0.00 1,001.31 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,001.31
6500-0005 Advertising - other 700.00 1,064.42 148.56 200.00 559.63 354.99 325.00 421.07 453.47 532.93 746.07 0.00 5,506.14
6500-0006 Marketing Costs 13,220.21 -664.19 9,792.91 903.62 538.48 7,577.71 10,995.33 2,547.35 -1,054.01 7,065.27 8,721.30 -37,828.61 21,815.37
6500-0008 Market Analysis 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,519.98 0.00 0.00 0.00 0.00 1,519.98
6500-0009 Printing 0.00 245.49 401.48 94.78 0.00 0.00 0.00 0.00 0.00 4.39 0.00 -245.49 500.65
6500-9999 Total Marketing Expenses 14,060.82 845.72 12,566.85 1,198.40 1,248.11 8,151.02 11,500.33 4,488.40 -549.69 7,692.59 9,664.37 -37,478.03 33,388.89
6600-0000 ADMINISTRATIVE EXPENSES
6600-0001 Office Supplies 1,410.20 1,706.88 5,673.16 264.82 1,776.38 1,442.17 1,878.59 1,482.84 1,803.68 2,326.85 1,714.43 2,440.62 23,920.62
6600-0002 Freight And Postage 938.82 935.54 833.29 791.10 1,147.43 840.51 1,062.64 379.05 1,040.55 672.36 914.52 914.19 10,470.00
6600-0004 Rent Expense 5,159.23 14,348.00 10,848.00 10,848.00 7,348.00 10,848.00 10,848.00 10,848.00 10,848.00 10,848.00 10,848.00 13,123.83 126,763.06
6600-0005 Social Services Costs 0.00 0.00 0.00 0.00 0.00 75.00 0.00 0.00 0.00 0.00 0.00 0.00 75.00
6600-0006 Legal/Professional Fees 0.00 0.00 346.00 0.00 0.00 214.23 59.99 0.00 0.00 0.00 4,152.06 16,853.82 21,626.10
6600-0007 Telephone 1,019.21 531.05 2,067.81 457.20 1,543.74 2,638.96 3,838.70 3,594.06 3,515.42 3,325.38 2,786.24 3,049.11 28,366.88
6600-0009 Bank Service Charges 2,981.58 1,384.26 3,227.69 2,936.18 2,249.92 884.67 1,606.13 1,821.28 1,467.23 998.19 912.16 20.00 20,489.29
6600-0010 Computer Expense 9.95 8,168.22 2,027.47 2,208.30 420.41 530.41 1,400.06 1,751.51 1,123.73 1,532.09 654.92 -5,801.13 14,025.94
6600-0012 Dues/Licenses/Fees 3,661.65 3,438.18 1,076.80 0.00 521.11 481.39 1,124.02 2,014.72 2,038.94 1,071.75 487.21 1,423.69 17,339.46
6600-0013 Education/Meetings/Seminars 0.00 193.50 143.69 -241.04 3,049.35 800.93 562.49 49.00 360.45 907.97 49.00 49.00 5,924.34
6600-0014 Furniture/Equipment Rental 1,220.76 2,554.32 1,220.76 1,408.59 3,442.61 1,299.30 1,258.69 1,245.90 2,553.28 1,338.13 1,635.91 2,816.94 21,995.19
6600-0015 Gas/Mileage 3,150.83 3,685.44 10,302.17 4,014.08 5,715.26 5,491.53 7,157.59 6,617.03 5,685.02 6,853.95 6,007.97 7,896.84 72,577.71
6600-0017 Misc. Administrative 0.00 1,496.36 96.88 0.00 27,675.00 0.00 10,125.00 0.00 2.00 0.00 1,089.16 -900.00 39,584.40
6600-0019 Storage Unit Rent 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -3,578.55 0.00 3,578.55 0.00
6600-0024 Meals 0.00 0.00 2,059.09 0.00 0.00 930.46 0.00 0.00 1,045.70 2,772.08 7,236.72 -815.25 13,228.80
6600-0025 Dead Deal Expense -12,500.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 12,500.00 0.00
6600-9999 Total Administrative Expenses 7,052.23 38,441.75 39,922.81 22,687.23 54,889.21 26,477.56 40,921.90 29,803.39 31,484.00 29,068.20 38,488.30 57,150.21 416,386.79
7100-0000 TAXES & INSURANCE
7100-0001 Taxes - Property Taxes 0.00 0.00 0.00 159.23 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -159.23 0.00
7100-0003 Taxes - Corporate/Franchise 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,000.00 2,911.39 0.00 3,911.39
7100-0004 Insurance - Property/Liability 6,929.39 2,376.14 4,241.48 6,880.80 5,183.50 1,891.20 1,801.14 1,354.29 3,065.08 1,354.00 1,354.00 14,035.00 50,466.02
7100-9999 Total Taxes & Insurance 6,929.39 2,376.14 4,241.48 7,040.03 5,183.50 1,891.20 1,801.14 1,354.29 3,065.08 2,354.00 4,265.39 13,875.77 54,377.41
7200-0000 PROFESSIONAL SERVICES
7200-0004 Administrative/Legal 0.00 0.00 0.00 0.00 1,500.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,500.00
7200-0005 Accounting Fees 0.00 1,310.00 7,907.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9,217.09
7200-9999 Total Professional Services 0.00 1,310.00 7,907.09 0.00 1,500.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10,717.09
7800-9999 TOTAL OPERATING EXPENSES 207,675.25 208,726.24 198,034.70 192,275.84 233,472.83 205,789.98 233,234.96 219,604.35 204,034.44 218,477.33 237,986.95 222,057.53 2,581,370.40
7900-9999 NET OPERATING INCOME 31,059.66 102,412.06 73,367.34 -26,277.74 120,216.55 254,347.63 221,587.91 192,164.65 166,561.44 39,951.37 240,079.29 248,583.05 1,664,053.21
7950-0000 OTHER EXPENSES
8000-0000 DEBT SERVICE
8000-0001 Interest on Mortgage Payable 21,608.53 0.00 5,079.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,132.74 30,820.35
8000-0004 Other Interest 0.00 0.00 0.00 0.00 3,613.98 3,613.98 21,920.39 6,261.25 4,289.96 27,449.47 4,271.33 -28,782.24 42,638.12
8000-9999 Total Debt Service 21,608.53 0.00 5,079.08 0.00 3,613.98 3,613.98 21,920.39 6,261.25 4,289.96 27,449.47 4,271.33 -24,649.50 73,458.47
8100-0000 DEPRECIATION & AMORTIZATION
8100-0001 Depreciation Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 65,833.00 65,833.00
8100-9999 Total Depreciation & Amortization 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 65,833.00 65,833.00
8200-9999 TOTAL OTHER EXPENSES 21,608.53 0.00 5,079.08 0.00 3,613.98 3,613.98 21,920.39 6,261.25 4,289.96 27,449.47 4,271.33 41,183.50 139,291.47
8400-9999 NET INCOME 9,451.13 102,412.06 68,288.26 -26,277.74 116,602.57 250,733.65 199,667.52 185,903.40 162,271.48 12,501.90 235,807.96 207,399.55 1,524,761.74
8500-0000 PARTNERSHIP EXPENSES
8500-0001 Accounting Fees 0.00 0.00 1,600.00 0.00 0.00 0.00 0.00 0.00 0.00 8,200.00 0.00 -1,600.00 8,200.00
8500-0005 Entertainment 759.16 1,016.25 856.03 380.71 3,141.90 3,041.43 1,119.37 208.95 4,623.00 0.00 0.00 48,507.28 63,654.08
8500-0008 (Gain) Loss on Sale of Asset -72,688.94 4,067.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00 25,000.00 0.00 43,621.04 0.00
8500-0011 Legal and Professional 2,500.00 7,949.00 300.00 7,500.00 0.00 0.00 0.00 0.00 13,143.90 0.00 0.00 -5,451.68 25,941.22
8500-0014 Franchise Tax -907.40 0.00 159.91 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7,585.00 6,837.51
8500-0017 Travel 1,439.80 4,303.35 3,707.70 0.00 6,089.35 4,935.01 4,095.98 687.92 6,588.21 3,262.53 4,302.14 4,785.02 44,197.01
8500-9999 Total Partnership Expenses -68,897.38 17,336.50 6,623.64 7,880.71 9,231.25 7,976.44 5,215.35 896.87 24,355.11 36,462.53 4,302.14 97,446.66 148,829.82
8600-9999 PARTNERSHIP NET INCOME 78,348.51 85,075.56 61,664.62 -34,158.45 107,371.32 242,757.21 194,452.17 185,006.53 137,916.37 -23,960.63 231,505.82 109,952.89 1,375,931.92

Presidium Group
Income Statement (12 months)
Period = Jan 2015-Dec 2015
Book = Accrual ; Tree = ysi_is_cpmcorp
Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Total
5000-9999 INCOME
5100-0112 Mgt Fee - Trails at Dominion 15,767.24 11,919.23 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 27,686.47
5100-0117 Mgt Fee - Couryards 2,500.00 2,500.00 2,500.00 838.42 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8,338.42
5100-0118 Mgt Fee - Retreat 10,228.86 9,187.19 10,326.77 9,802.06 10,123.89 9,637.42 10,495.52 10,711.60 10,980.56 10,449.87 10,354.14 10,030.55 122,328.43
5100-0119 Mgt Fee - Courtyards Manor 2,727.78 2,813.41 3,412.65 2,763.14 2,700.97 2,625.25 2,803.34 2,467.15 2,659.07 2,834.96 3,028.06 3,012.38 33,848.16
5100-0121 Mgt Fee - Hillcraft 1,307.70 7,228.59 6,534.18 7,623.72 8,091.46 8,077.60 7,531.25 7,858.28 8,135.10 18,301.59 12,887.02 13,183.62 106,760.11
5100-0200 Mgt Fee - Courtyards of Valley View (Quebec Hous 3,531.16 1,812.79 1,912.82 1,641.42 1,669.42 1,515.12 1,715.23 1,494.44 1,739.92 1,491.82 1,590.75 0.00 20,114.89
5100-0201 Mgt Fee - LaJolla on Meadowbrook (Randol Crossin 6,912.36 4,950.85 5,429.05 5,364.98 5,207.25 4,755.40 5,275.57 4,973.24 5,265.65 5,253.56 5,088.25 3,164.64 61,640.80
5100-0205 Mgt Fee - LaJolla at Esters (MeadowWood AHF-DP 5,864.87 5,875.31 6,135.75 5,833.49 6,143.32 5,889.14 0.00 0.00 0.00 0.00 0.00 0.00 35,741.88
5100-0207 Mgt Fee - LaJolla Ridge 5,734.65 4,826.39 6,168.13 5,486.68 5,575.91 5,286.76 5,647.00 3,862.49 0.00 0.00 0.00 0.00 42,588.01
5100-0208 Mgt Fee - LaJolla Terrace 9,287.11 7,048.44 8,252.27 7,921.61 8,265.68 7,525.75 7,796.43 7,684.21 7,734.92 7,721.40 7,639.20 5,971.59 92,848.61
5100-0211 Mgt Fee - South Side on Lamar 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 90,000.00
5100-0217 Mgt Fee - Oak Lawn 3,502.40 3,479.99 4,537.65 3,626.65 3,649.90 3,768.31 4,119.45 3,888.83 0.00 0.00 0.00 0.00 30,573.18
5100-0219 Mgt Fee - Easton 6,712.30 6,622.01 6,830.12 6,681.05 6,399.64 6,891.43 6,811.28 6,919.27 6,918.59 7,020.45 7,444.74 7,751.96 83,002.84
5100-0220 Mgt Fee - Villas at White Rock 20,303.61 13,930.33 15,118.77 14,253.82 14,444.68 14,291.27 14,452.45 14,402.15 14,541.58 14,802.70 8,717.75 8,873.33 168,132.44
5100-0221 Mgt Fee - East Town 4,276.61 4,333.55 4,440.41 4,490.31 4,669.49 4,546.37 4,822.57 4,847.07 4,730.71 5,117.21 5,155.74 4,982.95 56,412.99
5100-0223 Mgt Fee - Sierra Vista 10,125.11 9,628.80 10,198.42 7,443.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 37,395.40
5100-0224 Mgt Fee - Ridgmar 8,995.94 8,602.65 9,261.16 8,776.12 9,333.11 8,916.47 9,908.69 8,642.26 8,731.35 9,260.14 8,829.56 9,558.18 108,815.63
5100-0225 Mgt Fee - Villa Jolla 3,690.53 3,355.80 3,826.95 3,850.79 4,110.19 3,545.06 3,953.69 3,742.34 4,208.53 4,540.77 5,022.49 5,087.07 48,934.21
5100-0226 Mgt Fee - Vineyards 8,068.17 8,282.88 8,587.69 8,418.67 8,442.53 8,720.50 8,959.11 8,929.05 10,199.65 10,289.91 10,380.94 10,460.91 109,740.01
5100-0227 Mgt Fee - Spring Hill 16,729.22 15,465.85 16,050.59 15,291.28 15,210.47 15,245.91 15,321.59 15,559.45 15,965.78 16,690.69 17,407.91 17,226.97 192,165.71
5100-0228 Mgt Fee - Harvest Hill 13,173.50 13,189.06 12,872.94 12,657.14 12,511.30 12,237.98 12,393.86 12,343.97 13,003.70 13,527.91 13,836.51 13,327.51 155,075.38
5100-0229 Mgt Fee - Arts at Midtown 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6,502.64 6,038.50 6,589.80 6,150.16 6,715.07 31,996.17
5100-0230 Mgt Fee - Forrest Spring 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,121.21 2,121.21
5100-0301 Mgt Fee - The Arbor 4,875.55 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,875.55
5100-0302 Mgt Fee - Autum Hills 4,863.13 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,863.13
5100-0303 Mgt Fee - Austin View 6,967.29 7,115.96 7,039.02 7,209.73 7,539.25 7,117.56 6,867.94 6,615.34 6,787.23 7,881.99 7,626.86 7,482.99 86,251.16
5100-0304 Mgt Fee - Canyon Oaks 12,917.45 12,703.34 13,865.10 13,028.90 13,992.26 13,375.84 14,392.36 13,929.41 14,293.83 14,819.58 14,510.28 14,128.24 165,956.59
5100-0305 Mgt Fee - Hidden Villas 4,295.73 4,078.68 4,500.64 4,367.24 4,516.35 4,509.97 4,597.65 4,528.49 4,447.47 4,492.29 4,836.37 4,833.04 54,003.92
5100-0306 Mgt Fee - Laurel Woods 4,730.19 4,682.88 4,685.32 4,779.18 4,808.24 4,863.34 4,865.34 4,789.35 5,236.67 5,093.94 4,936.37 5,226.03 58,696.85
5100-0307 Mgt Fee - Element 0.00 10,139.96 10,106.57 9,888.34 10,373.06 9,769.92 10,433.14 10,559.52 10,342.07 10,932.74 10,732.12 10,627.44 113,904.88
5100-0308 Mgt Fee - Hunterwood 0.00 0.00 0.00 0.00 0.00 1,513.19 5,955.48 6,124.42 5,936.11 6,311.56 6,431.82 6,507.52 38,780.10
5100-0430 Mgt Fee - LaVita 3,553.59 3,259.47 3,135.10 3,472.99 3,461.90 3,793.77 3,608.57 3,568.16 3,537.83 3,396.76 3,508.45 0.00 38,296.59
5100-0501 Mgt Fee - Hunters Ridge 2,660.76 2,381.14 3,017.36 2,746.03 2,674.09 2,639.62 2,948.72 2,681.27 2,714.69 3,068.02 2,798.84 2,685.36 33,015.90
5100-0502 Mgt Fee - Oakwell 5,923.52 4,252.04 5,276.27 4,255.54 5,054.63 4,731.42 5,325.12 4,671.21 5,394.32 5,182.42 5,538.77 4,025.51 59,630.77
5100-0503 Mgt Fee - Towne Oaks 4,087.61 3,520.87 3,840.75 3,672.20 3,865.77 3,801.95 4,094.33 4,145.80 4,072.69 4,354.22 4,462.37 4,445.08 48,363.64
5100-0504 Mgt Fee - Cinnamon Creek 10,079.52 10,771.99 11,201.34 10,830.22 11,082.45 10,686.91 11,326.55 11,313.76 11,434.16 10,776.22 10,182.40 10,530.94 130,216.46
5100-0505 Mgt Fee - Rayo Del Sol 8,289.45 7,935.54 8,768.19 8,360.25 8,620.96 7,599.81 8,571.63 7,650.20 8,140.64 8,382.53 7,796.98 7,891.36 98,007.54
5100-0506 Mgt Fee - Sentinel Pointe 2,053.46 1,588.52 1,684.68 1,784.73 1,574.93 1,587.36 1,791.37 1,740.99 3,740.80 0.00 0.00 0.00 17,546.84
5100-0507 Mgt Fee - Cenizo 286.09 7,254.53 7,854.17 7,256.42 7,696.03 7,379.12 7,817.35 7,715.21 7,599.21 8,009.83 7,927.81 8,522.07 85,317.84
5100-0508 Mgt Fee - Landmark 0.00 0.00 12,685.25 11,808.38 12,069.07 11,602.49 11,685.28 11,107.46 11,570.20 11,115.10 10,600.47 11,075.85 115,319.55
5100-9999 Total Management Fee Income 242,522.46 232,238.04 247,556.08 233,724.57 231,378.20 225,948.01 233,787.86 233,469.03 233,601.53 245,209.98 232,923.13 226,949.37 2,819,308.26
5150-9999 OTHER INCOME
5500-0000 OTHER REVENUE
5500-0001 Miscellaneous Income 16,773.80 7,793.65 5,377.60 4,330.57 5,714.72 4,924.35 25,400.37 37,481.50 5,507.04 49,577.26 7,120.00 -57,187.93 112,812.93
5500-0002 Miscellaneous Income - Sbuilding 426,153.01 293,743.06 28,268.56 324,795.72 235,013.70 329,800.77 -245,901.27 391,196.10 216,593.85 -88,817.61 -236,164.72 106,901.46 1,781,582.63
5500-0003 Miscellaneous Income - Sbilling 16,560.92 16,519.48 18,163.50 14,119.19 15,307.78 14,516.83 19,018.05 17,085.12 18,218.88 19,533.05 19,071.70 20,062.44 208,176.94
5500-0004 Miscellaneous Income - Mconstruction 0.00 0.00 -4,860.00 -19,051.00 12,131.00 45,897.00 -57,348.00 97,593.00 1,270.00 -93,324.00 -32,066.00 30,822.72 -18,935.28
5500-0005 Miscellaneous Income - Pconstruction 244,986.41 72,798.90 164,742.88 36,119.81 71,385.26 158,305.32 214,131.99 117,330.80 115,524.78 57,738.84 276,492.67 49,634.96 1,579,192.62
5500-9999 Total Other Revenue 704,474.14 390,855.09 211,692.54 360,314.29 339,552.46 553,444.27 -44,698.86 660,686.52 357,114.55 -55,292.46 34,453.65 150,233.65 3,662,829.84
5600-9999 TOTAL OTHER INCOME 704,474.14 390,855.09 211,692.54 360,314.29 339,552.46 553,444.27 -44,698.86 660,686.52 357,114.55 -55,292.46 34,453.65 150,233.65 3,662,829.84
5900-9999 TOTAL INCOME 946,996.60 623,093.13 459,248.62 594,038.86 570,930.66 779,392.28 189,089.00 894,155.55 590,716.08 189,917.52 267,376.78 377,183.02 6,482,138.10
6000-9999 OPERATING EXPENSE
6100-0000 PAYROLL & BENEFITS
6100-0001 Corporate Payroll 222,219.38 162,957.05 145,754.77 138,128.21 134,842.71 129,655.82 150,514.28 151,335.93 134,726.63 196,201.87 209,755.64 372,212.14 2,148,304.43
6100-0017 Payroll Taxes 34,012.31 24,998.02 22,679.72 21,189.22 20,763.55 19,967.86 23,232.76 23,567.12 20,670.47 0.00 0.00 0.00 211,081.03
6100-0019 Health/Employee Insurance 14,553.83 14,282.92 14,138.60 17,239.81 19,299.62 14,777.79 15,337.45 18,828.17 261.41 15,211.68 15,954.68 18,989.24 178,875.20
6100-9999 Total Payroll & Benefits 270,785.52 202,237.99 182,573.09 176,557.24 174,905.88 164,401.47 189,084.49 193,731.22 155,658.51 211,413.55 225,710.32 391,201.38 2,538,260.66
6500-0000 MARKETING EXPENSES
6500-0002 Advertising - newspaper/magazine 0.00 0.00 197.00 0.00 197.00 0.00 0.00 0.00 197.00 0.00 197.00 0.00 788.00
6500-0003 Advertising - internet 519.66 0.00 718.31 90.00 0.00 0.00 107.88 0.00 90.00 0.00 0.00 90.00 1,615.85
6500-0004 Advertising - signage 0.00 0.00 0.00 0.00 0.00 0.00 672.00 0.00 0.00 0.00 0.00 0.00 672.00
6500-0005 Advertising - other 350.00 375.00 0.00 32.35 588.47 450.87 0.00 0.00 1,045.66 429.00 1,535.00 0.00 4,806.35
6500-0006 Marketing Costs 3,538.37 4,185.63 9,827.55 4,650.00 10,625.59 13,024.62 10,110.69 7,811.33 13,021.47 5,726.44 6,663.13 17,652.47 106,837.29
6500-9999 Total Marketing Expenses 4,408.03 4,560.63 10,742.86 4,772.35 11,411.06 13,475.49 10,890.57 7,811.33 14,354.13 6,155.44 8,395.13 17,742.47 114,719.49
6600-0000 ADMINISTRATIVE EXPENSES
6600-0001 Office Supplies 1,798.82 1,601.01 1,523.17 2,209.46 1,063.59 1,364.88 768.63 737.97 1,266.82 83.66 -606.61 4,049.96 15,861.36
6600-0002 Freight And Postage 487.42 607.96 910.11 968.37 1,875.83 559.61 500.97 1,199.71 1,104.52 892.94 616.09 787.79 10,511.32
6600-0004 Rent Expense 27,949.97 24,488.43 24,478.43 30,507.23 30,939.14 25,433.59 22,695.59 23,663.59 22,695.59 22,695.59 22,695.59 22,998.97 301,241.71
6600-0006 Legal/Professional Fees 0.00 0.00 0.00 0.00 12,284.60 1,598.75 0.00 0.00 0.00 -2,325.00 1,242.10 20,160.00 32,960.45
6600-0007 Telephone 3,528.22 3,275.52 5,329.70 5,864.77 2,956.54 4,634.82 2,900.55 3,530.65 5,425.73 4,044.47 9,025.74 9,009.95 59,526.66
6600-0009 Bank Service Charges 1,006.60 1,396.32 933.33 1,098.34 1,090.97 278.63 554.00 167.61 4,435.26 1,693.71 3,015.31 1,705.96 17,376.04
6600-0010 Computer Expense 8,381.56 657.63 2,877.62 81.19 1,484.35 3,013.41 152.33 2,672.16 798.64 6,642.90 -885.74 3,055.48 28,931.53
6600-0012 Dues/Licenses/Fees 949.76 3,354.49 2,650.32 146.77 148.61 310.11 9,886.36 1,833.51 3,861.38 646.82 1,045.02 528.15 25,361.30
6600-0013 Education/Meetings/Seminars 5,004.10 49.00 183.75 1,925.00 3,236.48 2,317.00 332.56 1,174.00 104.50 775.00 2,196.82 426.72 17,724.93
6600-0014 Furniture/Equipment Rental 1,612.75 345.32 782.31 291.70 475.22 568.05 345.32 707.55 530.90 530.90 530.90 2,481.82 9,202.74
6600-0015 Gas/Mileage 6,175.10 5,192.06 2,241.65 4,282.42 5,599.13 3,494.88 4,846.95 4,959.08 5,699.49 7,377.65 4,720.93 4,618.69 59,208.03
6600-0017 Misc. Administrative 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 790.00 1,000.00 0.00 0.00 1,790.00
6600-0022 Flight 371.99 610.40 1,371.50 1,912.13 543.64 253.00 1,626.39 1,448.11 1,850.50 5,717.61 2,906.42 1,990.39 20,602.08
6600-0023 Hotel 456.02 395.92 731.24 543.96 385.92 912.91 2,272.01 4,646.52 2,499.82 7,125.87 6,719.69 3,880.56 30,570.44
6600-0024 Meals 2,131.02 1,420.97 1,769.19 2,570.22 6,071.08 1,131.49 1,835.36 2,716.96 5,692.78 3,261.13 6,151.70 2,776.78 37,528.68
6600-0025 Dead Deal Expense 0.00 0.00 0.00 15,300.00 3,888.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 19,188.06
6600-9999 Total Administrative Expenses 59,853.33 43,395.03 45,782.32 67,701.56 72,043.16 45,871.13 48,717.02 49,457.42 56,755.93 60,163.25 59,373.96 78,471.22 687,585.33
7100-0000 TAXES & INSURANCE
7100-0001 Taxes - Property Taxes 0.00 235.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 235.03
7100-0002 Taxes - Personal Property 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 219.56 0.00 0.00 219.56
7100-0003 Taxes - Corporate/Franchise 500.00 0.00 1,500.00 1,000.00 0.00 1,000.00 -1,000.00 -4,416.61 0.00 7,635.05 0.00 195.20 6,413.64
7100-0004 Insurance - Property/Liability 3,254.14 9,830.75 5,015.15 4,513.65 7,896.01 4,513.65 4,513.65 5,064.33 5,578.15 5,064.65 5,064.65 5,762.00 66,070.78
7100-9999 Total Taxes & Insurance 3,754.14 10,065.78 6,515.15 5,513.65 7,896.01 5,513.65 3,513.65 647.72 5,578.15 12,919.26 5,064.65 5,957.20 72,939.01
7200-0000 PROFESSIONAL SERVICES
7200-0005 Accounting Fees 0.00 0.00 0.00 0.00 0.00 665.00 0.00 0.00 0.00 0.00 0.00 0.00 665.00
7200-9999 Total Professional Services 0.00 0.00 0.00 0.00 0.00 665.00 0.00 0.00 0.00 0.00 0.00 0.00 665.00
7800-9999 TOTAL OPERATING EXPENSES 338,801.02 260,259.43 245,613.42 254,544.80 266,256.11 229,926.74 252,205.73 251,647.69 232,346.72 290,651.50 298,544.06 493,372.27 3,414,169.49
7900-9999 NET OPERATING INCOME 608,195.58 362,833.70 213,635.20 339,494.06 304,674.55 549,465.54 -63,116.73 642,507.86 358,369.36 -100,733.98 -31,167.28 -116,189.25 3,067,968.61
7950-0000 OTHER EXPENSES
8000-0000 DEBT SERVICE
8000-0004 Other Interest 27,422.05 4,245.28 4,236.98 31,010.74 4,220.30 3,906.14 38,143.20 3,791.85 -177.87 37,743.24 22,563.28 0.00 177,105.19
8000-9999 Total Debt Service 27,422.05 4,245.28 4,236.98 31,010.74 4,220.30 3,906.14 38,143.20 3,791.85 -177.87 37,743.24 22,563.28 0.00 177,105.19
8200-9999 TOTAL OTHER EXPENSES 27,422.05 4,245.28 4,236.98 31,010.74 4,220.30 3,906.14 38,143.20 3,791.85 -177.87 37,743.24 22,563.28 0.00 177,105.19
8400-9999 NET INCOME 580,773.53 358,588.42 209,398.22 308,483.32 300,454.25 545,559.40 -101,259.93 638,716.01 358,547.23 -138,477.22 -53,730.56 -116,189.25 2,890,863.42
8500-0000 PARTNERSHIP EXPENSES
8500-0001 Accounting Fees 0.00 0.00 0.00 0.00 0.00 0.00 4,000.00 0.00 9,200.00 0.00 5,125.00 0.00 18,325.00
8500-0005 Entertainment 2,678.99 0.00 1,726.14 19.24 0.00 1,537.36 0.00 0.00 0.00 0.00 0.00 0.00 5,961.73
8500-0011 Legal and Professional 6,794.00 10,286.21 5,532.38 3,289.80 231.48 12,566.40 15,816.21 8,400.00 20,418.13 2,914.90 0.00 31,088.72 117,338.23
8500-0014 Franchise Tax 0.00 0.00 0.00 0.00 50.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 50.00
8500-0017 Travel 4,500.00 2,106.63 5,519.95 1,566.66 1,178.78 4,981.40 475.08 867.16 3,674.25 627.00 576.55 0.00 26,073.46
8500-9999 Total Partnership Expenses 13,972.99 12,392.84 12,778.47 4,875.70 1,460.26 19,085.16 20,291.29 9,267.16 33,292.38 3,541.90 5,701.55 31,088.72 167,748.42
8600-9999 PARTNERSHIP NET INCOME 566,800.54 346,195.58 196,619.75 303,607.62 298,993.99 526,474.24 -121,551.22 629,448.85 325,254.85 -142,019.12 -59,432.11 -147,277.97 2,723,115.00

Borrower or Borrower Principal (referred to as COMPANY below)

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Property Information Ownership Debt
# Property Name Address City State Status Asset Type Units Year Current Year Acquired Company's Company's Lender Loan Type Mat
Built Occupancy Ownership Role Ownership Da
Interest
Lift (fka Courtyards of Valley 13214 St. Lawrence MF CMBS Fixed 09/0
1 Farmers Branch Texas Stabilized 95 1968 96% 2005 GP 28.00%
View) Circle (conventional)
MF CMBS Fixed 09/0
2 Shenandoah Woods 4250 W 34th St Houston Texas Stabilized 232 1974 97% 2006 GP 12.50%
(conventional)
MF CMBS Fixed 09/0
3 Southern Oaks 6353 Skyline Dr Houston Texas Stabilized 198 1977 91% 2006 GP 12.50%
(conventional)
MF CMBS Fixed 09/0

4 Unity Pointe 6370 Windswept Ln Houston Texas Stabilized 109 1975 95% 2006 GP 12.50%
(conventional)
MF
5 Ashley Square 6330 Windswept Ln Houston Texas Stabilized 117 1970 90% 2006 GP 12.50%
(conventional)
MF CMBS Fixed 09/0
6 Inglewood Village 6363 Skyline Drive Houston Texas Stabilized 94 1972 93% 2006 GP 12.50%
(conventional)
MF Fannie Fixed 03/0
7 Oak Lawn Heights 2600 Arroyo Ave Dallas Texas Stabilized 137 1970 92% 2010 GP 11.25%
(conventional) 03/0
9701 W Ferris Branch MF Citi Fixed 09/0
8 The Lex (fka Shadow Ridge) Dallas Texas Stabilized 144 1984 95% 2012 GP 2.50%
Blvd (conventional)
MF Freddie Mac Variable 07/0
9 Solaris (fka Canyon Oaks) 1601 Royal Crest Drive Austin Texas Stabilized 562 1969 87% 2013 GP 22.00%
(conventional) 07/0
Elevation Austin (fka Austin 1911 Willow Creek MF Freddie Mac Variable 06/0
10 Austin Texas Stabilized 256 1972 82% 2013 GP 10.00%
View) Drive (conventional) 06/0
Elm Creek (fka Hunter's MF Fannie Fixed 12/0
11 2358 NW Military Hwy San Antonio Texas Stabilized 81 1971 89% 2013 GP 7.50%
Ridge) (conventional)
MF CMBS Fixed 11/0
12 The Element 1600 Royal Crest Drive Austin Texas Stabilized 286 1971 94% 2013 GP 7.50%
(conventional) 11/0
13 Hillcroft Apartments 3737 Hillcroft Houston Texas Stabilized 381 1970 95% 2014 GP 5.00%
(conventional)
MF CMBS Fixed 11/0
14 Vue (fka Hidden Villas) 7607 Blessing Ave Austin Texas Stabilized 156 1999 96% 2014 GP 11.87%
(conventional)
Axio (fka Village of 8722 Cinnamon Creek MF CMBS Fixed 04/1
15 San Antonio Texas Stabilized 348 1984 82% 2014 GP 7.50%
Cinnamon Creek) Dr (conventional)
Escondido Village (fka Rayo MF Resource Variable 04/1
16 7226 Blanco Rd San Antonio Texas Stabilized 388 1969 90% 2014 GP 3.00%
del Sol) (conventional)
MF CMBS Fixed 12/0
17 Villas at Tenison Park 2222 Graycliff Drive Dallas Texas Stabilized 442 1969 90% 2014 GP 12.50%
(conventional)
The Surround (fka MF Fannie Fixed 01/0
18 4299 Pleasant Run Dallas Texas Stabilized 354 1970 93% 2014 GP 16.00%
Vineyards) (conventional)
11321 Woodmeadow MF
19 The Estara (fka Villa Jolla) Dallas Texas Stabilized 216 1975 94% 2014 GP 12.50%
Pkwy (conventional)
20 The Thread (fka Spring Hill) 13750 Maham Road Dallas Texas Stabilized 606 1968 93% 2014 GP 5.29%
(conventional) 06/0
6333 Windswept Ln MF Fannie Fixed 05/0
21 Colonial Woods Houston Texas Stabilized 112 1980 86% 2014 GP 5.00%
#57 (conventional)
Entro at Midtown (fka Plaza MF Loancore Variable 12/0
22 5535 Harvest Hill Road Dallas Texas Stabilized 404 1969 94% 2014 GP 5.00%
at Harvest Hill) (conventional)
The Branch at the Medical MF Fannie Variable 12/0
23 7207 Snowden San Antonio Texas Stabilized 426 1984 86% 2015 GP 3.90%
Center (conventional) 12/0
The Verge (fka Arts at MF Prudential Variable 07/0
24 5454 Peterson Lane Dallas Texas Stabilized 217 1980 93% 2015 GP 5.00%
Midtown) (conventional)
The Link (fka Villas on Forest MF Walker & Dunlop Variable 12/0
25 9450 Forest Springs Dr Dallas Texas Stabilized 514 1972 92% 2015 GP 5.00%
Springs) (conventional) 12/0
409 E. William Cannon MF NXT Variable 05/1
26 The Violet (fka Hunterwood) Austin Texas Stabilized 160 1983 96% 2015 GP 6.70%
Dr (conventional)
MF ARES Capital Variable 01/0
27 Balcones Club 9218 Balcones Club Dr Austin Texas Stabilized 312 1983 94% 2015 GP 8.43%
(conventional)
MF JCR Fixed 06/0
28 Bridgepoint 5314 Willow Cliff Rd Oklahoma City OK Stabilized 396 1970 89% 2016 GP 16.50%
(conventional)
Freddie Mac Multifamily Form 1116 (04/2016)

Real Estate Schedule
nership Debt Cash Flow Valuation

ompany's Company's Lender Loan Type Maturity Outstanding Loan Annual Debt Service I/O or EGI Operating Expenses Current NOI DCR Current Market Cap Value per Total
nership Role Ownership Date Amount Amortizing Value Rate Unit LTV
Interest
CMBS Fixed 09/01/25 $5,700,000 $188,674 Amortizing

GP 28.00% $850,396 $494,532 $355,864 1.89 $7,500,000 4.7% $78,947 76%

GP 12.50% $1,992,000 $1,075,000 $917,000 2.39 $10,500,000 8.7% $45,259 48%

GP 12.50% $1,692,000 $916,000 $776,000 2.39 $7,920,000 9.8% $40,000 53%

GP 12.50% $912,000 $576,000 $336,000 1.87 $4,360,000 7.7% $40,000 54%
GP 12.50% $924,000 $596,000 $328,000 $4,680,000 7.0% $40,000 0%

GP 12.50% $708,000 $468,000 $240,000 1.42 $3,720,000 6.5% $39,574 59%
Fannie Fixed 03/01/23 $2,565,615 $253,938 Amortizing

GP 11.25% $1,539,021 $847,336 $691,685 2.72 $8,000,000 8.6% $58,394 32%
03/01/23
Citi Fixed 09/01/18 $4,032,252 $463,344 Amortizing
GP 2.50% $1,299,208 $479,179 $820,029 1.77 $7,200,000 11.4% $50,000 56%
Freddie Mac Variable 07/01/20 $28,396,577 $1,237,035 Amortizing

GP 22.00% $4,526,390 $2,292,320 $2,234,070 1.81 $42,000,000 5.3% $74,733 68%
07/01/20
Freddie Mac Variable 06/01/20 $9,397,191 $476,016 Amortizing
GP 10.00% $2,562,084 $1,481,433 $1,080,651 2.27 $21,000,000 5.1% $82,031 45%
06/01/20
GP 7.50% $874,382 $548,951 $325,431 1.46 $7,500,000 4.3% $92,593 67%
CMBS Fixed 11/01/24 $22,171,952 $1,346,211 Amortizing

GP 7.50% $3,445,912 $972,164 $2,473,748 1.84 $32,000,000 7.7% $111,888 69%
11/01/24
GP 5.00% $3,099,904 $1,902,632 $1,197,272 1.55 $16,785,000 7.1% $44,055 61%
CMBS Fixed 11/06/25 $13,500,000 $583,833 Interest Only

GP 11.87% $1,650,999 $801,741 $849,258 1.45 $18,000,000 4.7% $115,385 75%
CMBS Fixed 04/11/17 $20,000,000 $1,151,133 Interest Only

GP 7.50% $4,136,460 $1,805,945 $2,330,515 2.02 $30,000,000 7.8% $86,207 67%
Resource Variable 04/10/17 $14,875,000 $906,879 Interest Only

GP 3.00% $2,861,651 $1,820,051 $1,041,600 1.15 $18,240,000 5.7% $47,010 82%

GP 12.50% $3,421,623 $2,116,520 $1,305,103 1.71 $24,000,000 5.4% $54,299 81%
Fannie Fixed 01/01/23 $18,200,000 $700,000 Interest Only

GP 16.00% $2,644,948 $1,246,464 $1,398,484 2.00 $26,000,000 5.4% $73,446 70%
GP 12.50% $1,452,780 $977,204 $475,576 $12,000,000 4.0% $55,556 0%

GP 5.29% $2,932,707 $1,765,884 $1,166,823 1.50 $27,270,000 4.3% $45,000 84%
06/01/26
GP 5.00% $901,620 $533,580 $368,040 1.77 $4,480,000 8.2% $40,000 56%
Loancore Variable 12/01/18 $26,500,000 $1,547,158 Interest Only

GP 5.00% $3,966,614 $2,070,022 $1,896,592 1.23 $32,000,000 5.9% $79,208 83%
Fannie Variable 12/01/25 $21,428,000 $474,066 Interest Only

GP 3.90% $3,511,152 $1,796,724 $1,714,428 3.62 $25,000,000 6.9% $58,685 86%
12/01/25
Prudential Variable 07/01/18 $13,000,000 $367,900 Interest Only
GP 5.00% $1,801,428 $1,072,701 $728,727 1.98 $15,000,000 4.9% $69,124 87%
Walker & Dunlop Variable 12/01/17 $26,000,000 $1,087,613 Interest Only

GP 5.00% $4,195,438 $2,503,824 $1,691,614 1.56 $31,000,000 5.5% $60,311 84%
12/01/17
NXT Variable 05/11/18 $10,125,885 $492,012 Interest Only
GP 6.70% $1,672,768 $752,948 $919,820 1.87 $15,200,000 6.1% $95,000 67%
ARES Capital Variable 01/05/19 $27,827,000 $1,177,082 Interest Only

GP 8.43% $3,530,211 $1,688,886 $1,841,325 1.56 $30,000,000 6.1% $96,154 93%
JCR Fixed 06/01/20 $6,750,000 $405,000 Interest Only

GP 16.50% $2,244,000 $944,000 $1,300,000 3.21 $10,750,000 12.1% $27,146 63%

Cross Moceri
Show hints
# Property Name Address City State Status Asset Type Units Year Current Year Acquired Company's Company's Lender Loan Type Ma
Built Occupancy Ownership Role Ownership D
Interest
MF Greenbank Fixed 02/

29 Social House (Nacogdoches) 200 E Lakewiid St Nacogdoches Texas Stabilized 71 1974 99% 2014 GP 3.17%
(conventional)
2101 Harvey Mitchell Student Fannie Variable 05/
30 Flats on 12 College Station Texas Stabilized 352 1973 99% 2015 GP 2.29%
Pkwy housing
Under First State Bank Fixed 11/
31 East Riverside Land 4711 Riverside Drive Austin Texas Land 2013 GP 19.90%
Development
Personal Citi Fixed 01/

32 2519 4th St #4 2519 4th St #4 Santo Monica CaliforniaStabilized 1975 2005 GP 83.00%
residence
2714 & 2730 Cesar Under Seller Fixed 01/
33 2714 & 2730 Cesar Chavez Austin Texas RV 2014 GP 50.00%
Chavez Development
Under N/A Fixed 03/
34 1600 MLK Jr. Blvd 1600 MLK Jr. Blvd Waco Texas Land 2014 GP 37.50%
Development
35 2440 Wickersham Lane 2440 Wickersham Lane Austin Texas Land 2013 GP 16.65%
Development
Personal N/A N
36 3710 Holland Ave #1 3710 Holland Ave #1 Dallas Texas Stabilized 1991 2006 GP 50.00%
residence
Pflugerville Commons 38.5 Under Broadway Bank Fixed 01/
37 Pfugerville Texas Land 2016 GP 50.00%
acres Development
Under Seller Fixed 04/
38 Pflugerville 7.2 acres Pfugerville Texas Land 2016 GP 50.00%
Development
39 1600 Pleasant Valley 1600 Pleasant Valley Austin Texas Land 2015 GP 25.00%
Development
8802 Cinnamon Creek MF NorthMarq Fixed 03/
40 Spice Creek San Antonio Texas Stabilized 192 1986 92% 2016 GP 50.00%
Dr. (conventional) NorthMarq Fixed 03/
12222 Vance Jackson MF Walker & Dunlop Variable 10/
41 Windsor House San Antonio Texas Stabilized 322 1997 95% 2016 GP 5.00%
Rd (conventional)
Legacy Texas Bank Fixed 05/
42 2015 East Riverside 2015 E Riverside Dr. Austin Texas Stabilized Retail 1975 87% 2016 GP 5.11%
6303 Shady Oaks MF Walker & Dunlop Fixed 10/

43 Vistas at Lake Worth Fort Worth Texas Stabilized 265 1970 92% 2016 GP 5.00%
Manor Dr. (conventional)
JCR Capital Fixed 07/
44 Valley View Market 4051 LBJ Freeway Farmers Branch Texas Stabilized Retail 2000 79% 2016 GP 2.50%
45 Westpark 6250 West Park Houston Texas Stabilized Office 1974 68% 2015 GP 6.07%
Student Freddie Mac Fixed 02/

46 University Estates 1300 Crossing Place Austin Texas Stabilized 498 1998 100% 2016 GP 2.50%
housing Freddie Mac Fixed 02/
47 University Village 1301 Crossing Place Austin Texas Stabilized 348 2001 100% 2016 GP 2.50%
MF Legacy Texas Bank Fixed 11/
48 Carlton Court 13323 Maham Road Dallas Texas Stabilized 270 1985 95% 2016 GP 5.00%
(conventional)
49 Linda Vista 13450 Maham Road Dallas Texas Stabilized 370 1980 97% 2016 GP 5.00%
(conventional)
Total 10,431
Weighted average 349 1943 91% 2015 8.33% 10/
Minimum 71 1968 68% 2005 2.29% 11/
Maximum 606 2001 100% 2016 83.00% 01/
Comments
Provide comments as necessary for the properties above.

Ownership Debt Cash Flow Valuation

Company's Company's Lender Loan Type Maturity Outstanding Loan Annual Debt Service I/O or EGI Operating Expenses Current NOI DCR Current Market Cap Value per Total
Ownership Role Ownership Date Amount Amortizing Value Rate Unit LTV
Interest
Greenbank Fixed 02/01/19 $1,750,000 $97,000 Interest Only

GP 3.17% $749,000 $399,000 $350,000 3.61 $4,800,000 7.3% $67,606 36%

GP 2.29% $2,596,000 $1,189,000 $1,407,000 5.89 $21,000,000 6.7% $59,659 53%
First State Bank Fixed 11/09/16 $1,720,000 Amortizing

GP 19.90% $103,200 -$103,200 $11,600,000 -0.9% 15%

Citi Fixed 01/01/35 $195,000 $5,583 Amortizing
GP 83.00% $8,964 $16,037 -$7,073 -1.27 $450,000 -1.6% 43%
Seller Fixed 01/01/29 $600,000 Amortizing

GP 50.00% $32,000 $27,593 $4,407 $950,000 0.5% 63%
N/A Fixed 03/30/26 $120,000 Amortizing

GP 37.50% $200,000 60%
First State Bank Fixed 04/03/17 $630,000 $31,500 Interest Only

GP 16.65% $31,500 -$31,500 -1.00 $2,500,000 -1.3% 25%
N/A N/A
GP 50.00% $15,928 -$15,928 $525,000 -3.0% 0%
Broadway Bank Fixed 01/22/23 $1,722,000

GP 50.00% $4,500,000 38%
Interest Only
Seller Fixed 04/15/19 $1,400,000
GP 50.00% $2,020,000 69%
Seller Fixed 06/01/18 $4,700,000 $216,000 Interest Only

GP 25.00% $72,000 $67,493 $4,507 0.02 $11,500,000 0.0% 41%
NorthMarq Fixed 03/01/23 $7,356,917 $316,347 Interest Only

GP 50.00% $1,785,000 $886,231 $898,769 2.01 $12,100,000 7.4% $63,021 77%
NorthMarq Fixed 03/01/23 $1,979,000 $130,696 Amortizing
Walker & Dunlop Variable 10/01/23 $26,000,000 $868,400 Interest Only
GP 5.00% $3,713,000 $1,740,660 $1,972,340 2.27 $36,500,000 5.4% $113,354 71%
Legacy Texas Bank Fixed 05/12/19 $8,974,553 $630,259 Amortizing
GP 5.11% $1,318,711 $532,783 $785,928 1.25 $14,400,000 5.5% 62%
Walker & Dunlop Fixed 10/01/26 $15,354,000 $614,160 Interest Only

GP 5.00% $2,335,889 $1,287,651 $1,048,238 1.71 $17,100,000 6.1% $64,528 90%
JCR Capital Fixed 07/01/19 $2,800,000 $175,000 Interest Only

GP 2.50% $395,563 $156,124 $239,439 1.37 $4,125,000 5.8% 68%
GP 6.07% $1,194,037 $677,824 $516,213 1.78 $7,380,000 7.0% 60%
Freddie Mac Fixed 02/01/23 $43,431,102 $2,522,308 Amortizing

GP 2.50% $11,309,126 $5,621,691 $5,687,435 1.62 $78,000,000 7.3% $156,627 75%
Freddie Mac Fixed 02/01/23 $15,000,000 $992,499 Amortizing
GP 2.50% $8,283,435 $4,398,849 $3,884,586 1.59 $53,500,000 7.3% $153,736 75%
Legacy Texas Bank Fixed 11/17/19 $20,000,000 $813,977 Interest Only
GP 5.00% $2,733,476 $1,339,798 $1,393,678 1.71 $21,260,000 6.6% $78,741 94%
GP 5.00% $2,891,396 $1,535,261 $1,356,135 1.54 $22,720,000 6.0% $61,405 101%
$576,838,493 $27,930,081 $104,767,294 $54,572,665 $50,194,629 $819,235,000

8.33% 10/23/21 $11,772,214 $1,044,254 $4,139,105 $2,111,183 $2,027,922 1.84 $31,420,775 6.2% $83,972 75%
2.29% 11/09/16 $120,000 $5,583 $8,964 $15,928 -$103,200 -1.27 $200,000 -3.0% $27,146 0%
83.00% 01/01/35 $43,431,102 $2,522,308 $11,309,126 $5,621,691 $5,687,435 5.89 $78,000,000 12.1% $156,627 101%

John Griggs
Show hints
Interest
Lift (fka Courtyards of Valley 13214 St. Lawrence MF CMBS Fixed 09/
1 Farmers Branch Texas Stabilized 95 1968 96% 2005 GP 28.00%
View) Circle (conventional)
MF CMBS Fixed 09/
2 Shenandoah Woods 4250 W 34th St Houston Texas Stabilized 232 1974 97% 2006 GP 12.50%
(conventional)
MF CMBS Fixed 09/
3 Southern Oaks 6353 Skyline Dr Houston Texas Stabilized 198 1977 91% 2006 GP 12.50%
(conventional)
MF CMBS Fixed 09/
4 Unity Pointe 6370 Windswept Ln Houston Texas Stabilized 109 1975 95% 2006 GP 12.50%
(conventional)
MF
5 Ashley Square 6330 Windswept Ln Houston Texas Stabilized 117 1970 90% 2006 GP 12.50%
(conventional)
MF CMBS Fixed 09/
6 Inglewood Village 6363 Skyline Drive Houston Texas Stabilized 94 1972 93% 2006 GP 12.50%
(conventional)
MF Fannie Fixed 03/
7 Oak Lawn Heights 2600 Arroyo Ave Dallas Texas Stabilized 137 1970 92% 2010 GP 11.25%
(conventional) 03/
9701 W Ferris Branch MF Citi Fixed 09/
8 The Lex (fka Shadow Ridge) Dallas Texas Stabilized 144 1984 95% 2012 GP 2.50%
Blvd (conventional)
MF Freddie Mac Variable 07/
9 Solaris (fka Canyon Oaks) 1601 Royal Crest Drive Austin Texas Stabilized 562 1969 87% 2013 GP 22.00%
(conventional) 07/
Elevation Austin (fka Austin 1911 Willow Creek MF Freddie Mac Variable 06/
10 Austin Texas Stabilized 256 1972 82% 2013 GP 10.00%
View) Drive (conventional) 06/
Elm Creek (fka Hunter's MF Fannie Fixed 12/
11 2358 NW Military Hwy San Antonio Texas Stabilized 81 1971 89% 2013 GP 7.50%
Ridge) (conventional)
MF CMBS Fixed 11/
12 The Element 1600 Royal Crest Drive Austin Texas Stabilized 286 1971 94% 2013 GP 7.50%
(conventional) 11/
MF Fannie Fixed 06/
13 Hillcroft Apartments 3737 Hillcroft Houston Texas Stabilized 381 1970 95% 2014 GP 5.00%
(conventional)
MF CMBS Fixed 11/
14 Vue (fka Hidden Villas) 7607 Blessing Ave Austin Texas Stabilized 156 1999 96% 2014 GP 11.87%
(conventional)
Axio (fka Village of 8722 Cinnamon Creek MF CMBS Fixed 04/
15 San Antonio Texas Stabilized 348 1984 82% 2014 GP 7.50%
Cinnamon Creek) Dr (conventional)
Escondido Village (fka Rayo MF Resource Variable 04/
16 7226 Blanco Rd San Antonio Texas Stabilized 388 1969 90% 2014 GP 3.00%
del Sol) (conventional)
MF CMBS Fixed 12/
17 Villas at Tenison Park 2222 Graycliff Drive Dallas Texas Stabilized 442 1969 90% 2014 GP 12.50%
(conventional)
The Surround (fka MF Fannie Fixed 01/
18 4299 Pleasant Run Dallas Texas Stabilized 354 1970 93% 2014 GP 16.00%
Vineyards) (conventional)
11321 Woodmeadow MF
19 The Estara (fka Villa Jolla) Dallas Texas Stabilized 216 1975 94% 2014 GP 12.50%
Pkwy (conventional)
MF Fannie Fixed 06/
20 The Thread (fka Spring Hill) 13750 Maham Road Dallas Texas Stabilized 606 1968 93% 2014 GP 5.29%
(conventional) 06/
6333 Windswept Ln MF Fannie Fixed 05/
21 Colonial Woods Houston Texas Stabilized 112 1980 86% 2014 GP 5.00%
#57 (conventional)
Entro at Midtown (fka Plaza MF Loancore Variable 12/
22 5535 Harvest Hill Road Dallas Texas Stabilized 404 1969 94% 2014 GP 5.00%
at Harvest Hill) (conventional)
The Branch at the Medical MF Fannie Variable 12/
23 7207 Snowden San Antonio Texas Stabilized 426 1984 86% 2015 GP 3.90%
Center (conventional) 12/
The Verge (fka Arts at MF Prudential Variable 07/
24 5454 Peterson Lane Dallas Texas Stabilized 217 1980 93% 2015 GP 5.00%
Midtown) (conventional)
The Link (fka Villas on Forest MF Walker & Dunlop Variable 12/
25 9450 Forest Springs Dr Dallas Texas Stabilized 514 1972 92% 2015 GP 5.00%
Springs) (conventional) 12/
409 E. William Cannon MF NXT Variable 05/
26 The Violet (fka Hunterwood) Austin Texas Stabilized 160 1983 96% 2015 GP 6.70%
Dr (conventional)
MF ARES Capital Variable 01/
27 Balcones Club 9218 Balcones Club Dr Austin Texas Stabilized 312 1983 94% 2015 GP 8.43%
(conventional)
MF JCR Fixed 06/
28 Bridgepoint 5314 Willow Cliff Rd Oklahoma City OK Stabilized 396 1970 89% 2016 GP 16.50%
(conventional)

ship Debt Cash Flow Valuation

pany's Company's Lender Loan Type Maturity Outstanding Loan Annual Debt Service I/O or EGI Operating Expenses Current NOI DCR Current Market Cap Value per Total
ship Role Ownership Date Amount Amortizing Value Rate Unit LTV
Interest

GP 28.00% $850,396 $494,532 $355,864 1.89 $7,500,000 4.7% $78,947 76%

GP 12.50% $1,992,000 $1,075,000 $917,000 2.39 $10,500,000 8.7% $45,259 48%

GP 12.50% $1,692,000 $916,000 $776,000 2.39 $7,920,000 9.8% $40,000 53%

GP 12.50% $912,000 $576,000 $336,000 1.87 $4,360,000 7.7% $40,000 54%

GP 12.50% $924,000 $596,000 $328,000 $4,680,000 7.0% $40,000 0%

GP 12.50% $708,000 $468,000 $240,000 1.42 $3,720,000 6.5% $39,574 59%

GP 11.25% $1,539,021 $847,336 $691,685 2.72 $8,000,000 8.6% $58,394 32%
03/01/23
Citi Fixed 09/01/18 $4,032,252 $463,344 Amortizing
GP 2.50% $1,299,208 $479,179 $820,029 1.77 $7,200,000 11.4% $50,000 56%
Freddie Mac Variable 07/01/20 $28,396,577 $1,237,035 Amortizing

GP 22.00% $4,526,390 $2,292,320 $2,234,070 1.81 $42,000,000 5.3% $74,733 68%
07/01/20
Freddie Mac Variable 06/01/20 $9,397,191 $476,016 Amortizing
GP 10.00% $2,562,084 $1,481,433 $1,080,651 2.27 $21,000,000 5.1% $82,031 45%
06/01/20
GP 7.50% $874,382 $548,951 $325,431 1.46 $7,500,000 4.3% $92,593 67%
CMBS Fixed 11/01/24 $22,171,952 $1,346,211 Amortizing

GP 7.50% $3,445,912 $972,164 $2,473,748 1.84 $32,000,000 7.7% $111,888 69%
11/01/24
GP 5.00% $3,099,904 $1,902,632 $1,197,272 1.55 $16,785,000 7.1% $44,055 61%

GP 11.87% $1,650,999 $801,741 $849,258 1.45 $18,000,000 4.7% $115,385 75%
CMBS Fixed 04/11/17 $20,000,000 $1,151,133 Interest Only

GP 7.50% $4,136,460 $1,805,945 $2,330,515 2.02 $30,000,000 7.8% $86,207 67%
Resource Variable 04/10/17 $14,875,000 $906,879 Interest Only

GP 3.00% $2,861,651 $1,820,051 $1,041,600 1.15 $18,240,000 5.7% $47,010 82%

GP 12.50% $3,421,623 $2,116,520 $1,305,103 1.71 $24,000,000 5.4% $54,299 81%
Fannie Fixed 01/01/23 $18,200,000 $700,000 Interest Only

GP 16.00% $2,644,948 $1,246,464 $1,398,484 2.00 $26,000,000 5.4% $73,446 70%
GP 12.50% $1,452,780 $977,204 $475,576 $12,000,000 4.0% $55,556 0%

GP 5.29% $2,932,707 $1,765,884 $1,166,823 1.50 $27,270,000 4.3% $45,000 84%
06/01/26
GP 5.00% $901,620 $533,580 $368,040 1.77 $4,480,000 8.2% $40,000 56%
Loancore Variable 12/01/18 $26,500,000 $1,547,158 Interest Only

GP 5.00% $3,966,614 $2,070,022 $1,896,592 1.23 $32,000,000 5.9% $79,208 83%

GP 3.90% $3,511,152 $1,796,724 $1,714,428 3.62 $25,000,000 6.9% $58,685 86%
12/01/25
Prudential Variable 07/01/18 $13,000,000 $367,900 Interest Only
GP 5.00% $1,801,428 $1,072,701 $728,727 1.98 $15,000,000 4.9% $69,124 87%
Walker & Dunlop Variable 12/01/17 $26,000,000 $1,087,613 Interest Only

GP 5.00% $4,195,438 $2,503,824 $1,691,614 1.56 $31,000,000 5.5% $60,311 84%
12/01/17
NXT Variable 05/11/18 $10,125,885 $492,012 Interest Only
GP 6.70% $1,672,768 $752,948 $919,820 1.87 $15,200,000 6.1% $95,000 67%
ARES Capital Variable 01/05/19 $27,827,000 $1,177,082 Interest Only

GP 8.43% $3,530,211 $1,688,886 $1,841,325 1.56 $30,000,000 6.1% $96,154 93%
JCR Fixed 06/01/20 $6,750,000 $405,000 Interest Only

GP 16.50% $2,244,000 $944,000 $1,300,000 3.21 $10,750,000 12.1% $27,146 63%

John Griggs
Show hints
Interest
MF Greenbank Fixed 02/

29 Social House (Nacogdoches) 200 E Lakewiid St Nacogdoches Texas Stabilized 71 1974 99% 2014 GP 3.17%
(conventional)
2101 Harvey Mitchell Student Fannie Variable 05/
30 Flats on 12 College Station Texas Stabilized 352 1973 99% 2015 GP 2.29%
Pkwy housing
31 East Riverside Land 4711 Riverside Drive Austin Texas Land 2013 GP 19.90%
Development
Personal Citi Fixed 01/

32 2519 4th St #4 2519 4th St #4 Santo Monica CaliforniaStabilized 1975 2005 GP 83.00%
residence
2714 & 2730 Cesar Under Seller Fixed 01/
33 2714 & 2730 Cesar Chavez Austin Texas RV 2014 GP 50.00%
Chavez Development
Under N/A Fixed 03/
34 1600 MLK Jr. Blvd 1600 MLK Jr. Blvd Waco Texas Land 2014 GP 37.50%
Development
35 2440 Wickersham Lane 2440 Wickersham Lane Austin Texas Land 2013 GP 16.65%
Development
Personal N/A N
36 3710 Holland Ave #1 3710 Holland Ave #1 Dallas Texas Stabilized 1991 2006 GP 50.00%
residence
Pflugerville Commons 38.5 Under Broadway Bank Fixed 01/
37 Pfugerville Texas Land 2016 GP 50.00%
acres Development
38 Pflugerville 7.2 acres Pfugerville Texas Land 2016 GP 50.00%
Development
39 1600 Pleasant Valley 1600 Pleasant Valley Austin Texas Land 2015 GP 25.00%
Development
8802 Cinnamon Creek MF NorthMarq Fixed 03/
40 Spice Creek San Antonio Texas Stabilized 192 1986 92% 2016 GP 50.00%
Dr. (conventional) NorthMarq Fixed 03/
12222 Vance Jackson MF Walker & Dunlop Variable 10/
41 Windsor House San Antonio Texas Stabilized 322 1997 95% 2016 GP 5.00%
Rd (conventional)
42 2015 East Riverside 2015 E Riverside Dr. Austin Texas Stabilized Retail 1975 87% 2016 GP 5.11%
6303 Shady Oaks MF Walker & Dunlop Fixed 10/

43 Vistas at Lake Worth Fort Worth Texas Stabilized 265 1970 92% 2016 GP 5.00%
Manor Dr. (conventional)
JCR Capital Fixed 07/
44 Valley View Market 4051 LBJ Freeway Farmers Branch Texas Stabilized Retail 2000 79% 2016 GP 2.50%
45 Westpark 6250 West Park Houston Texas Stabilized Office 1974 68% 2015 GP 6.07%

46 University Estates 1300 Crossing Place Austin Texas Stabilized 498 1998 100% 2016 GP 2.50%
47 University Village 1301 Crossing Place Austin Texas Stabilized 348 2001 100% 2016 GP 2.50%
48 Carlton Court 13323 Maham Road Dallas Texas Stabilized 270 1985 95% 2016 GP 5.00%
(conventional)
49 Linda Vista 13450 Maham Road Dallas Texas Stabilized 370 1980 97% 2016 GP 5.00%
(conventional)
Total 10,431
Weighted average 349 1943 91% 2015 8.33% 10/
Minimum 71 1968 68% 2005 2.29% 11/
Maximum 606 2001 100% 2016 83.00% 01/
Comments
Provide comments as necessary for the properties above.

hip Debt Cash Flow Valuation

any's Company's Lender Loan Type Maturity Outstanding Loan Annual Debt Service I/O or EGI Operating Expenses Current NOI DCR Current Market Cap Value per Total
ip Role Ownership Date Amount Amortizing Value Rate Unit LTV
Interest
Greenbank Fixed 02/01/19 $1,750,000 $97,000 Interest Only

P 3.17% $749,000 $399,000 $350,000 3.61 $4,800,000 7.3% $67,606 36%

P 2.29% $2,596,000 $1,189,000 $1,407,000 5.89 $21,000,000 6.7% $59,659 53%
First State Bank Fixed 11/09/16 $1,720,000 Amortizing

P 19.90% $103,200 -$103,200 $11,600,000 -0.9% 15%

Citi Fixed 01/01/35 $195,000 $5,583 Amortizing
P 83.00% $8,964 $16,037 -$7,073 -1.27 $450,000 -1.6% 43%
Seller Fixed 01/01/29 $600,000 Amortizing

P 50.00% $32,000 $27,593 $4,407 $950,000 0.5% 63%
N/A Fixed 03/30/26 $120,000 Amortizing

P 37.50% $200,000 60%
First State Bank Fixed 04/03/17 $630,000 $31,500 Interest Only

P 16.65% $31,500 -$31,500 -1.00 $2,500,000 -1.3% 25%
N/A N/A
P 50.00% $15,928 -$15,928 $525,000 -3.0% 0%
Broadway Bank Fixed 01/22/23 $1,722,000

P 50.00% $4,500,000 38%
Interest Only
Seller Fixed 04/15/19 $1,400,000
P 50.00% $2,020,000 69%
Seller Fixed 06/01/18 $4,700,000 $216,000 Interest Only

P 25.00% $72,000 $67,493 $4,507 0.02 $11,500,000 0.0% 41%
NorthMarq Fixed 03/01/23 $7,356,917 $316,347 Interest Only

P 50.00% $1,785,000 $886,231 $898,769 2.01 $12,100,000 7.4% $63,021 77%
NorthMarq Fixed 03/01/23 $1,979,000 $130,696 Amortizing
Walker & Dunlop Variable 10/01/23 $26,000,000 $868,400 Interest Only
P 5.00% $3,713,000 $1,740,660 $1,972,340 2.27 $36,500,000 5.4% $113,354 71%
P 5.11% $1,318,711 $532,783 $785,928 1.25 $14,400,000 5.5% 62%
Walker & Dunlop Fixed 10/01/26 $15,354,000 $614,160 Interest Only

P 5.00% $2,335,889 $1,287,651 $1,048,238 1.71 $17,100,000 6.1% $64,528 90%
JCR Capital Fixed 07/01/19 $2,800,000 $175,000 Interest Only

P 2.50% $395,563 $156,124 $239,439 1.37 $4,125,000 5.8% 68%
P 6.07% $1,194,037 $677,824 $516,213 1.78 $7,380,000 7.0% 60%

P 2.50% $11,309,126 $5,621,691 $5,687,435 1.62 $78,000,000 7.3% $156,627 75%
P 2.50% $8,283,435 $4,398,849 $3,884,586 1.59 $53,500,000 7.3% $153,736 75%
P 5.00% $2,733,476 $1,339,798 $1,393,678 1.71 $21,260,000 6.6% $78,741 94%
P 5.00% $2,891,396 $1,535,261 $1,356,135 1.54 $22,720,000 6.0% $61,405 101%
$576,838,493 $27,930,081 $104,767,294 $54,572,665 $50,194,629 $819,235,000

8.33% 10/23/21 $11,772,214 $1,044,254 $4,139,105 $2,111,183 $2,027,922 1.84 $31,420,775 6.2% $83,972 75%
2.29% 11/09/16 $120,000 $5,583 $8,964 $15,928 -$103,200 -1.27 $200,000 -3.0% $27,146 0%
83.00% 01/01/35 $43,431,102 $2,522,308 $11,309,126 $5,621,691 $5,687,435 5.89 $78,000,000 12.1% $156,627 101%
FOR MORE INFORMATION, PLEASE CONTACT ONE OF THE FOLLOWING INDIVIDUALS:
Nathan Vargo
Senior Vice President of Development
nvargo@presidiumre.com
512.494.4224
Cross Moceri
Co-CEO
cmoceri@presidiumre.com
512.494.4224
John Griggs
Co-CEO
jgriggs@presidiumre.com
214.306.6596 PRESIDIUM

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PRESIDIUM

SE A G L A SS PROP OSAL - PAGE 3 // 38

| GENERAL INFORMATION ABOUT THE PROPOSER 22

| FINANCIAL OFFER AND CAPACITY 25

Presidium was founded in 2002 by Presidium Groups development

SE A G L A SS PROP OSAL - PAGE 5 // 38

PRESIDIUM GROUPS DEVELOPMENT

Cross Moceri is a co-founder and principal of

B.A. University of Notre Dame, 1996

John Griggs III is a co-founder and principal of

ABOUT OUR AGENCY

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Mr. Vargo has extensive industry knowledge, more than a decade

with overseeing both; completion phase punch list execution, with

Bruce Lowe is a 24-year construction veteran, he has lead

SE A G L A SS PROP OSAL - PAGE 9 // 38

Chris works to oversee the creative direction of Presidium as well

Education oversaw the conceptualization and construction of the nations

Michael is a Development Manager with Presidium Group. His

SE A G L A SS PROP OSAL - PAGE 11 // 38

STATE CITY SUB MARKET

Florida Jacksonville Northbank/Arena District

Jacksonville Shipyard Waterfront Development

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Class A: Multifamily, Office, Retail, Hospitality

70 Acres (3,049,200 SqFt)

Potential for 4 million SqFt

Zoning for all property use classifications

Water front location in core area, adjacent to Metropolitan Park a 23 acre

VISION FOR THE SITE

ALIGNMENT WITH THE BID PLAN

2017 2018 2019 2020 202 1 2022 2023 2024

SE A G L A SS PROP OSAL - PAGE 15 // 38

MIXED USE DESIGN

CONCEPTUAL SITE & LAND PLAN

Active Market Style Grocery

Class A Residential Tower

Gastro Pub and Brewhouse

Creative Office Incubator

Retail & Seaside Cafe Space

Historic Ships & Retail

Jacksonville Art Museum

PRELIMINARY PROGRAM METRICS

LAND USE ALLOCATION

Mixed Use Office 2.43

Mixed Use Residential 8.05

Restaurant & Food Truck 3.75

Grocery Anchor 1.69

SE A G L A SS PROP OSAL - PAGE 17 // 38

Art Museam 4.55

Open Space/ParkLand 8.11

Vehicular Parking 6.74

Submerged Land 10.02

LAND USE DISTRIBUTION

26% Open Space

CONCEPTUAL SITE PLAN FOR SEA GLASS TOWER

CONCEPTUAL DRAWING FOR JACKSONVILLE AQUARIUM

CONCEPTUAL DRAWING FOR SEA GLASS TOWER & CONVENTION CENTER

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ECONOMIC AND FISCAL IMPACT PROJECTIONS

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ABOUT THE PROPOSER

THE PECAN DISTRICT

qualities and will target a growing population of folks who want an