s

77

268 235

216 194

$407,244 $146.52

$443,984 $140.67

New Homes

Gross Net

This Wk

YTD

LYTD

$YTD

$LYTD

1,497Total Net Sales Realtor Sales

Re-Sales

Gross

0

0

25

$397,306 $125.64

$420,528 $129.10

82.57% 17' Can 17' Net 18' Can 18' Net 19' Can 19' Net

245

194

235

3922

33

60's27.66%

50's39.15%

80's3.40%

70's9.79%

45's6.38%

40's6.81%

Net New Home Sales YTD

Lot Summary

This Week

MTD

LMTD

YTD

LYTD

Pending Lot Sales

LIGHT FARMS SUMMARY - WEEK ENDING 11/17/2019

3

4

13

143

269

3

2016

2017

2018

2019

325

337

293

143

321

307

269

143

40's, Open Lot40's, Shaddock Homes41's, MI Homes45's, Taylor Morrison50's, American Legend Homes50's, Highland Homes50's, K.Hovnanian Homes50's, Lionsgate Homes50's, Open Lot50's, Taylor Morrison60's, Britton Homes60's, Darling Homes60's, Drees Homes60's, Highland Homes60's, K.Hovnanian Homes60's, MainVue Homes60's, Open Lot60's, Taylor Morrison70's, Shaddock Homes80's, Highland Homes80's, Huntington Homes80's, Newport HomebuildersTotal 212

8002124002000502002304623382

23540423200251515086003731181516160 40's

41's45's50's60's70's80'sTotal 212

821875462340

2358236592151616 40's, Open Lot

40's, Shaddock Homes41's, MI Homes45's, Taylor Morrison50's, American Legend Homes50's, Highland Homes50's, K.Hovnanian Homes50's, Lionsgate Homes50's, Open Lot50's, Taylor Morrison60's, Britton Homes60's, Darling Homes60's, Drees Homes60's, Highland Homes60's, K.Hovnanian Homes60's, MainVue Homes60's, Open Lot60's, Taylor Morrison70's, Shaddock Homes80's, Highland Homes80's, Huntington Homes80's, Newport HomebuildersTotal 463

92141325459686046620246386441522

1,49758601283020127124123804960621592942021516160 40's

41's45's50's60's70's80'sTotal 463

2513112154644154

1,49773128526723151616

Builder YTD Net Home Sales

DeveloperInventory Size

YTD Net Home Sales

DeveloperInventory

Builder Sales & Developer Inventory

BuilderITD Net

Home SalesOpportunitySizeITD Net

Home SalesOpportunity

Builder's Sales Opportunity

1,748ITD Lot Sales

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WATER TOWER

FRONTIER PARK (Playground,

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(66)

Date: 5/16/2019

Lots Under Construction

Planning(12)

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Huitt-Zollars, Inc. Dallas

Phone (214) 871-3311 Fax (214) 871-0757

1717 McKinney Avenue, Suite 1400

Dallas, Texas 75202-1236

CA

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PROJECT NUMBER: R013905.88

COLLIN COUNTY MUNICIPAL UTILITY DISTRICT NO.1

THE SAGE NEIGHBORHOOD - PHASE 3

CITY PROJECT NUMBER: 18-6030 & 18-6031

Phone (214) 292-3410 Fax (214) 292-3411

8401 North Central Expressway, Suite 350, Dallas, Texas 75225

COLLIN COUNTY, TEXAS

LFC DEVCO SAGE III, LLCPREPARED FOR:

PREPARED BY:

LOT EXHIBIT

121 RESIDENTIAL LOTS, 1 OPEN SPACESTOTALING 24.22 ACRES

CONTAINING

LOCATED IN

VICINITY MAP

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LEGEND

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SITE DATA

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121 RESIDENTIAL LOTS

24.22 ACRES (GROSS)

- 0.85 ACRES- COMMON AREA/OPEN SPACE

23.37 ACRES (NET)

5.18 DENSITY AT NET ACRES

Adjacent Homes for Sale by Toll Brothers

A = Homes for Sale

B = Homes for Rent

4

5

•

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© 2012 B&B Partners 9

BB Living Residential

Verrado – Buckeye, AZ Vistancia – Peoria, AZ Santana Ridge – Chandler, AZ

Higley Park – Gilbert, AZ Eastmark – Meza, AZ Val Vista – Gilbert, AZ

Since starting our first community in 2012, BB Living has built or has under construction more than 1,000

homes across Metropolitan Phoenix. Half of the communities built or under construction are located in the

top masterplanned communities in Phoenix (Verrado, Vistancia and Eastmark), which are all ranked in the

Top 50 Masterplanned Communities in the U.S. by John Burns Real Estate Consulting.

10

• BB Living is the leader in the single-family “Build-to-Rent” industry, with the longest and most

successful track record of developing purpose built rental communities.

• BB Living communities are demand and value generators for the surrounding communities, with strong

rental rate premiums (10% - 20% premium, varies by location) achieved compared to other single-

family rental homes and multi-family communities due to the quality of the product, the high quality

locations and our management style for the communities.

• BB Living communities are professionally managed and maintained with 24/7 oversight, keeping the

community well maintained with a keen eye on value preservation. Our management and maintenance

teams are located onsite and are continually available to residents whether that is changing a light bulb

or ensuring landscaping is always maintained.

BB Living Residential

Source(s): BB Living Residential, ARMLS, Mark-Taylor Residential, www.vistancia.com

11

• In 2019 BB Living and Toll Brothers, Inc. (“Toll”) formed a partnership along with an institutional

investor, to expand the “Build-to-Rent” platform nationally.

• Toll (NYSE: “TOL”) is a Fortune 500 company with a total enterprise value of $8 billion and has been

named the “World’s Most Admired Home Builder” five years in a row by Fortune Magazine. This

partnership (“Partnership”) further validates BB Living as a leader in the “Build-to-Rent” industry and

allows for expansion to multiple markets.

• BB Living and Toll are currently developing multiple communities in high-growth markets in which Toll

currently operates, including: Phoenix, Denver, Boise, Dallas, Houston and Central/Southwest Florida.

• The Partnership is focused on developing quality “Build-to-Rent” communities in high-growth markets

with a focus on masterplanned communities.

• Of the current pipeline of 12 communities, 10 are located in master-planned communities. This is

because the country’s top developers recognize the value of “Build-to-Rent” and BB Living specifically,

as part of their communities.

Toll Brothers Partnership

12

• Toll and BB Living work together to identify new community opportunities and plan the communities.

For non-Phoenix communities Toll will be the developer and builder. This would be the case for Light

Farms.

• Toll is recognized as one of the best homebuilding companies in the U.S. and has a strong presence in

the key markets of focus, including DFW.

• BB Living is responsible for overseeing the day-to-day activity of the Partnership and will be

particularly focused on the lease up and ongoing operation of the communities in conjunction with our

Leasing/Property Management partners.

• With the track record and expertise of BB Living in “Build-to-Rent” paired with Toll in homebuilding, the

Partnership has a “First Mover Advantage.”

Toll Brothers Partnership

13

Potential for Light Farms

• Award-winning homebuilder, Toll Brothers, in partnership with BB Living, would develop a new for

single-family detached homes in a neighborhood, located at Frontier Parkway near Boyer Elementary,

across from the new PISD stadium.

• In addition, the neighborhood developed by Toll Brothers and BB Living Residential will be bordered by

a second new neighborhood, with Toll Brothers developing luxury homes for sale.

• The neighborhood with single-family detached homes for rent would potentially account for less than

2.2 % of Light Farms.

• The homes in these neighborhoods would be single-family homes with a large, two (2) acre central

amenity area planned to serve the residents. This amenity area would likely include a pool, spa, splash

pad, fitness center, playground and outdoor gathering spaces.

• Residents of this new neighborhood would not have access to the existing gym, sports courts and

pools.

• The homes are planned to be three and four bedrooms ranging in size from 1,650 – 2,525 square feet.

The homes will have attached two car garages with private yards.

• Rental rates are expected to range from $2,200 - $2,800, with the qualification criteria of 3x Rental

Rate to Income Ratio.

• The homes will feature upgraded finishes throughout, including hard surface flooring, granite or quartz

countertops and stainless steel appliances in the kitchen.

14

Amenity Concepts

15

Home Concepts

Source(s): BB Living Residential, KTGY Architecture16

Dedication to Quality

• BB Living follows all Fair Housing Laws and leases to qualified applicants. Our larger, single-family detached homes

attract residents looking for alternatives to apartments and older rental homes.

• Anyone can qualify to buy for sale homes but, BB Living has stringent rental requirements.

This includes:

• 3x Rental Rate to Income Ratio requirement

• Credit/financial background check

• Rental history review

• Criminal background check

• BB Living Residents take a greater ”Pride of Ownership” of their homes. This is illustrated through lower turnover in

our communities than apartments (35% Annual Turnover Ratio vs. 50%+ Annual Turnover Ratio for Apartments).

• BB Living employs onsite Leasing/Property Management. Our onsite staff help residents with issues with their homes

or the community and are responsible for enforcing HOA and community rules and regulations. This ensures there is a

constant presence and oversight of the community.

• Additionally, BB Living has onsite maintenance staff that are focused on rapidly addressing resident issues with their

homes as well as ensuring the homes and community are in the best condition possible.

17