Villa’s at Walnut Park Residential Rental Portfolio

New Construction Attached Homes

19 Attached Single Family Units Including One 4-Plex, One 7-Plex and an 8-Plex Currently Under Construction

John Blom

Broker | Sales Manager

Ginn Realty Group

360-977-8329

john@ginnrealtygroup.com

Ginn Realty Group | Villa’s at Walnut Park Rental Portfolio 2

Table of Contents

I. Project Summary & Bulk Listing Details

II. Map & Location

III. Schools & Community

IV. Rental Management

V. Financial Information

VI. Site Plans

VII. Included Floor Plans

VIII. Included Features & Finishes

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I. Project Summary & Portfolio Summary

The Villa’s at Walnut Park neighborhood consists of a total of 19 homes. This Villa’s at Walnut Park Portfolio consists of 19 Residential Units currently under construction in Vancouver, Washington. Vancouver, Washington features one of the fastest appreciating rental markets in the entire nation. https://www.apartmentlist.com/rentonomics/july-2015-national-rental-price-monitor/ http://www.oregonlive.com/front-porch/index.ssf/2015/09/vancouver_had_nations_fastest-.html http://www.columbian.com/news/2016/jun/30/newcomers-flock-to-clark-county/

This turn-key, new construction project is a perfect opportunity for investors. Extra thought and planning was put into the design and construction knowing they would be long-term rentals requiring durable and long lasting features. General Property Information

Address: 5809 NE 71st Avenue Vancouver, WA 98661

Location: Conveniently located just West of I-205 and North of SR-500 and South of the I-20/Padden Parkway Intersection in Vancouver, Washington.

Ownership: FG Investments, LLC

Management Company: Ginn Property Management, LLC, which is affiliated with the Seller/Builder.

Project Status: Under Construction

Portfolio Summary (see page 9 for details on individual floorplans)

Units Offered for Sale: up to 19 units

Date built: 2017/2018

Sales Price: $5,250,000.00

Annual Net Operating Income: $288,870.00

Projected Capitalization Rate (2017): Pro forma 5.50%

(Based on projected rents & expenses in

surrounding areas)

Lease type: To be 12 months or longer leases at market rate

No rent controls.

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II. Map & Location Villa’s at Walnut Park is located in the heart of Vancouver, WA just across the Columbia River from Portland, OR. This ideal location benefits from its close proximity to both the Portland International Airport (14 miles away) and downtown Portland (14 miles away) as well as being just blocks away from the Tenants of Villa’s at Walnut Park can enjoy the absence of both a state income tax in Washington and a sales tax in Oregon. The Greater Portland/Vancouver metropolitan area is growing as new residents are attracted to a robust local economy and the lifestyle that the Pacific Northwest has to offer.

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II. Schools & Community Community Information

Neighborhood: Walnut Grove Shopping: Costco Safeway Walmart Target

Parks & Recreation: Green Meadows Golf Club Royal Oaks Golf Club Orchards Park School Information

School District: Vancouver School District High School: Fort Vancouver

5700 E 18th Street Vancouver, WA 98661

Middle School: Gaiser Middle School

3000 NW 99th Street Vancouver, WA 98685

Elementary School: Walnut Grove Elementary School

6103 NE 72nd Avenue Vancouver, WA 98661

Secondary Education: Clark County Skills Center 12200 NE 28th Street Vancouver, WA 98682 Clark College 1933 Fort Vancouver Way Vancouver, WA 98683 Washington State University Vancouver 14204 NE Salmon Creek Avenue Vancouver, WA 98686

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IV. Rental Management

Typical Fees in Clark County for this type of project

Monthly Management Fee: 5% of the payable monthly gross receipts from the premises, payable the following month for the duration of the agreement.

Set-up Fee per Unit: $50

Lease renewal Evaluation fee: $225

Maintenance Billed at: $45.00/hour

Security Deposits (To be transferred to new owner)

Approx. 1 month rent or more based on tenant profile. (Credit, rental history, pets, etc)

Note: Seller/Builder manages its properties internally through a related entity Ginn Property Management, LLC. Utility Information

Tenant is Responsible for All Utilities

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V. Financial

Projected Cap Rate is Approximately 5.50% based on the package

See attached spreadsheet detailing the

different packages

Cap rate is projected at 5.50%

Unit BD/BA Bath Sq. Ft. Rent MGMT (5%) Taxes Insurance

Vacancy Factor

(2%)

Turnover cost/

Reserves (3%)

Misc repairs,

maintenance,

landscape NOI

Unit 1 3 2.5 1540 1,725.00$ 86.25$ 225.00$ 35.00$ 34.50$ 51.75$ 35.00$ 1,257.50$

Unit 2 3 2.5 1540 1,725.00$ 86.25$ 225.00$ 35.00$ 34.50$ 51.75$ 35.00$ 1,257.50$

Unit 3 3 2.5 1540 1,725.00$ 86.25$ 225.00$ 35.00$ 34.50$ 51.75$ 35.00$ 1,257.50$

Unit 4 3 2.5 1540 1,725.00$ 86.25$ 225.00$ 35.00$ 34.50$ 51.75$ 35.00$ 1,257.50$

Unit 5 3 2.5 1540 1,725.00$ 86.25$ 225.00$ 35.00$ 34.50$ 51.75$ 35.00$ 1,257.50$

Unit 6 3 2.5 1540 1,725.00$ 86.25$ 225.00$ 35.00$ 34.50$ 51.75$ 35.00$ 1,257.50$

Unit 7 3 2.5 1540 1,725.00$ 86.25$ 225.00$ 35.00$ 34.50$ 51.75$ 35.00$ 1,257.50$

Unit 8 3 2.5 1540 1,725.00$ 86.25$ 225.00$ 35.00$ 34.50$ 51.75$ 35.00$ 1,257.50$

Unit 9 3 2.5 1540 1,725.00$ 86.25$ 225.00$ 35.00$ 34.50$ 51.75$ 35.00$ 1,257.50$

Unit 10 3 2.5 1540 1,725.00$ 86.25$ 225.00$ 35.00$ 34.50$ 51.75$ 35.00$ 1,257.50$

Unit 11 3 2.5 1540 1,725.00$ 86.25$ 225.00$ 35.00$ 34.50$ 51.75$ 35.00$ 1,257.50$

Unit 12 - ADA 3 3 1832 1,825.00$ 91.25$ 225.00$ 35.00$ 36.50$ 54.75$ 35.00$ 1,347.50$

Unit 13 3 2.5 1540 1,725.00$ 86.25$ 225.00$ 35.00$ 34.50$ 51.75$ 35.00$ 1,257.50$

Unit 14 3 2.5 1540 1,725.00$ 86.25$ 225.00$ 35.00$ 34.50$ 51.75$ 35.00$ 1,257.50$

Unit 15 3 2.5 1540 1,725.00$ 86.25$ 225.00$ 35.00$ 34.50$ 51.75$ 35.00$ 1,257.50$

Unit 16 3 2.5 1540 1,725.00$ 86.25$ 225.00$ 35.00$ 34.50$ 51.75$ 35.00$ 1,257.50$

Unit 17 3 2.5 1540 1,725.00$ 86.25$ 225.00$ 35.00$ 34.50$ 51.75$ 35.00$ 1,257.50$

Unit 18 3 2.5 1540 1,725.00$ 86.25$ 225.00$ 35.00$ 34.50$ 51.75$ 35.00$ 1,257.50$

Unit 19 - ADA 3 3 1832 1,825.00$ 91.25$ 225.00$ 35.00$ 36.50$ 54.75$ 35.00$ 1,347.50$

29844 32,975.00$ 1,648.75$ 4,275.00$ 665.00$ 659.50$ 989.25$ 665.00$ 24,072.50$

Annually 395,700.00$ 19,785.00$ 51,300.00$ 7,980.00$ 7,914.00$ 11,871.00$ 7,980.00$ 288,870.00$

List price 19 units 5,250,000.00$

NOI 288,870.00$

Cap Rate 5.50%

Tenant pays all utilities

Villas at Walnut Park Cap Rate ProjectEstimated rent ready date June 2018

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VI. Overall Site Plan The Villa’s at Walnut Park neighborhood consists of 19 units. One 4-plex, One 7-plex and One 8-plex each featuring two story units. Villa’s at Walnut Village Plat/Site Plan:

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Bedrooms: 3 Bathrooms: 2 Full 1 Half Est. Square Feet 1,540

Garage: 1 Car

VII. Included Floorplans 1540 Plan – Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 13, 14, 15, 16, 17, and 18

*Actual photos (interior/exterior) of similar homes built are available for each plan by request via Dropbox.

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Bedrooms: 3

Bathrooms: 3 Full

Est. Square Feet: 1,832

Garage: No

1832 ADA Plan – Lots 12 and 19

*Actual photos (interior/exterior) of similar homes built are available for each plan by request via Dropbox.

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VIII. Included Features

Unit Features & Finishes

Design Criteria Great Room Concept Floor Plans with Natural Light Walk-In Closet in the Master Bedroom Fully Wrapped Windows with Enamel Trim

Quality Exterior Features Craftsman Front Elevation 7’-8’ Overhead Garage Steel Door w/Garage door Opener 10 Year Warranty Upgraded Du Pont Tyvek Wrap (Brochure Available Upon Request) 30 Year Warranty James Hardi Plank Siding & Trim Boards (Brochure Available Upon Request) 30 Year Warranty IKO Asphalt Shingle Roof Lifetime Warranty Cascade Windows Self Lock w/ Low-E Glass in Almond Color (Brochure Available Upon Request) Concrete Patio (size varies per plan)

Galvanized Steel Gutters and Downspouts Fully Fenced Backyard Front Yard Landscape

Plumbing 50 Gallon Hot Water Heater Ice Maker Connection in the Kitchen 1⁄2 Horsepower Garbage Disposal at Kitchen Sink Oil Rubbed Bronze Designer Plumbing Fixtures

Electrical Central Air Conditioning Copper Electrical Wiring Wiring for TV and Cable in the Great Room and Master Designer Light Package in Oil Rubbed Bronze Abundant Recessed Can Lighting

Energy Efficiency 96% Efficient Electric Furnace Located in Attic Residential Programmable Thermostat w/Smart Fan Stainless Steel Frigidaire® Appliances Meets All Requirements of Current Model Energy Code

Detailed Interior Finishes Ultra-Durable Luxury Vinyl Tile (LVP) Flooring in Entry, Kitchen & Great Room (Brochure Available Upon Request) Tile Floors in Bathrooms and Utility Room Rounded Drywall Corners Craftsman Enamel Painted Trim Package Two Panel Interior Doors Color Coordinated Slab Granite Countertops in Kitchen FHA/VA Approved Carpet Designer Selected Paint Colors to Accent Finishes Sliding Glass Doors to Patio

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Unit Features & Finishes (continued)

Structural Integrity Individual Site Inspection on each Building Site

Foundation Engineered to Specific Soil Conditions Slab on Grade Flatwork in the Garage Crawl Space Finished with Vents, Mechanical Vents and Vapor Barrier as Required Per Code.

Kitchen Elegance 36” High Alder Shaker Cabinets Concealed Cabinet Hinges Polished, Stainless Steel Double Bowl Under-mount Sink Single Handle Stainless Kitchen Faucet w/Sprayer Slab Granite Countertops Full Tile Backsplash Pre-Plumbed for Ice Maker Stainless Steel Frigidaire® Electric Stainless-Steel Stove, or equivalent Stainless Steel Frigidaire® Microwave/Hood above Stove, or equivalent Stainless Steel Frigidaire® Dishwasher, or equivalent Stainless Steel Frigidaire® Refrigerator, or equivalent

Bathroom Selections Rubbed Oil Bronze Faucets Stand up Shower Insert with Seats Double Vanity in Master Bath Slab Granite Countertops Full Width Vanity Mirrors 36” High Vanities in Master Bath Rubbed Oil Bronze Hardware Glass Shower Doors in Master Bathroom

Additional Conveniences Solid Wood Closet Shelving in All Areas (No Wire) Windows with Self-Lock Closing System Integrated Carbon Monoxide and Smoke Detector System Refrigerator Window Coverings – 2” Faux Wood Blinds

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Request Additional Information

To request additional information about this opportunity as well as other residential investment opportunities within Southwest Washington, please contact John Blom.

John Blom Broker | Sales Manager

Ginn Realty Group

360-977-8329

john@ginnrealtygroup.com

www.GinnDevelopment.com