Cherry Creek Plaza Webinar Presentation

OFFERING MEMORANDUM

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Cherry Creek Plaza Homewood, IL

A stabilized retail community center Acquisition by North Park Property Management

This information is proprietary and strictly confidential, and is intended to be reviewed only by the party receiving it from Peer Realty, LLC. It should not be made available to any other person or entity without the written consent of Peer Realty, LLC. This presentation has been prepared to provide

summary information to prospective investors, and the information contained herein is not a substitute for a thorough due diligence investigation.

Cherry Creek Plaza

14-15% PROJECTED

IRR over targeted 5-7 year term.

8% PREFERRED

RETURN before any remaining cash flow is split.

70% OF

PROFITS over 8% Preferred Return



Cherry Creek Plaza



Cherry Creek Plaza

North Park Property Management, a growing firm based in Northbrook, Illinois is purchasing a 70,000 SF neighborhood shopping center located in Homewood Illinois. The center is currently 93% occupied by tenants such as Ace Hardware, Panera, Subway, Bank of America, Lorenz Appliances, and smaller boutiques. The property is stable and provides attractive cash-on-cash returns of 9%-10% a year at the property level. The value-add potential at the property level is to re-lease the spaces that are currently significantly under market, which comprise about 30% of the total SF, to a market rate of $8-12PSF (NNN) over the investment period. The Subject Property represents a $7.1M investment, of which $1.8M will be PeerRealty Equity, and the remainder a senior fixed-rate loan. This equates to an acquisition basis of just over $100 PSF, while replacement cost is estimated to be $200+PSF. PeerRealty Investors receive an 8% preferred annual return for the life of the investment, and all remaining cash flow is split 70% to Investors and 30% to the Sponsor. The targeted IRR is 15% and the targeted hold periods is ±5-7 years.

Executive Summary



Cherry Creek Plaza

Projected IRR: 14-15% Offering Size: $1,800,000 Total Transaction Size: Total Capitalization $7.1M | $6.5M Purchase Price Underlying Security: Equity with 8% preferred return (70% of profits over 8% return) Property Type: Retail – Multi Tenant Investment (Phase) Type: Stabilized with moderate Value Add Potential Term Length: Targeted for ±5-7 Years Minimum Investment: $5,000

Investment Financials



Cherry Creek Plaza

North Park Property Management, the Sponsor and Managing Member of the Acquisition LLC, is led by Brent Seiler. Brent has nearly 20 years of experience as a real estate investment and finance professional. He has experiences ranging from acquisition, finance, asset and property management to complex joint venture investments and developments.

Sponsor Summary

A recent North Park acquisition was 85-95 Revere Drive, a 35,000SF multi-tenant office property in Northbrook Illinois. 85-95 Revere Drive was acquired mid-2013 with 84% occupancy and is currently over 90% occupied, well performing and meeting to exceeding initial projections.



Cherry Creek Plaza

Homewood-Flossmoor is a suburban area located only 22 miles from downtown Chicago. Homewood-Flossmoor is home to excellent school systems with a top-rated high school and receives numerous awards for excellence in its park districts and recreational facilities. The suburban geographic position is ideal, as it provides easy commutability to Chicago and surrounding areas. The downtown area was rated one of the best downtowns in the Chicago Metropolitan area by the Chicago Tribune due primarily to the quaint shopping and restaurants available.

Market Summary

Homewood Population in 2010: 19,323 Chicago MSA Population: 9,729,825 at the 2010 census



Cherry Creek Plaza

Frequently Asked Questions



Cherry Creek Plaza

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Cherry Creek Plaza Webinar Presentation