WOOD DEVELOPMENT GROUP Quality Apartment Communities Maui - PDF document

WOOD DEVELOPMENT GROUP Quality Apartment Communities Maui • Colorado • Kansas Arkansas • Tennessee Steve Wood President 16777 Antioch Overland Park, KS 66085 Phone/Fax: (913) 681-7942 SWoodconsulting@aol.com

WOOD DEVELOPMENT GROUP PROJECTS November, 2014 Ka Ono Ulu Villas, Kihei, Hawaii 142 unit upscale apartment community $15.7 million development cost Completed in August ‘05 Co developed with Betsill Construction, Inc., Maui, Hi. Villages at Cross Creek, Rogers, Arkansas 200 unit upscale apartment community $15.5 million development cost Construction completed March ‘06 Co developed with TESCO Group, Memphis The Parc at Clarksville---www.ParcatClarksville.com 168 unit upscale apartment community, Clarksville, Tn. $13.5 million development cost Completed , November ’07 Co developed with Apartment Development Services, ltd, Dallas Merriam Village, Merriam, Kansas $64 million TIF retail/seniors master development I 35 & Johnson Drive, Merriam, Ks. Phase I c onstruction completed in May ‘09 Co developed with Developers Diversified Realty, Salt Lake City

Bee Creek Apartments, Branson, Missouri 224 unit upscale multifamily and seniors community $18.4 million development budget Construction completed October ‘10 Co developed with Overland Property Group, Overland Park, Ks. The Renaissance at Peachers Mill, Clarksville, Tn. 216 unit upscale apartment community $17.5 million development budget Ground break August 18, 2010 — completed Nov. 2011 Co developed with J.A. Murphy Group, Knoxville, Tn. Cave Mill Garden Apartments, Bowling Green, Ky 224 unit upscale apartment community $17.7 million development budget Completed October 2012 Co developed with Thompson Homes, Inc. Owensboro, Ky. Sierra Vista Apartment Homes, Sierra Vista, Az. 174 unit upscale apartment community $15.3 million development budget Predevelopment phase Co developed with First West Properties, Inc., Tuscon/Sierra Vista THE PRESERVE, Branson, Mo. 144 Unit apartment community--$13.5 million Ground break March 7, 2011 — construction completed March 2012 Co developed with Stenger Homes, Inc., Springfield, Mo. Heights at Delaware Ridge Apartment Homes 228 Unit upscale apartment community--$25.75 million Co Developed with Gold Crown Properties, Overland Park, Ks. Ground break August 15, 2012 — completed Nov. 2013

Metcalf Village Apartment Homes Overland Park, Ks. 270 unit upscale apartment community $32 million – financing underway with firm commitment pending Start targeted for spring 2015 Kinsley Forest Apartment Homes Kansas City, Missouri 312 unit institutional quality apartment community — $36million Closing/ground break scheduled for Spring 2015 The Greens at Tiffany Springs 264 unit institutional quality apartment community--$30 million Entitlements 80% complete as of October 1, 2014 Start targeted for July 2015

T.O. PLATE 29' � 0" 3RD FLOOR 20' � 0" 2ND FLOOR 10' � 0" 1ST FLOOR 0' � 0" BUILDING ELEVATION (3 STORY) � REVISED 1 1/8" = 1'�0" T.O. PLATE 29' � 0" 3RD FLOOR 20' � 0" 2ND FLOOR 10' � 0" 1ST FLOOR 0' � 0" PARKING �10' � 0" BUILDING ELEVATION (4 STORY) � REVISED 2 1/8" = 1'�0" T.O. PLATE 29' � 0" KINSLEY FOREST APARTMENTS 3RD FLOOR Kansas City, Missouri 20' � 0" JULY 17th, 2013 2ND FLOOR 10' � 0" 1ST FLOOR 0' � 0" DEVELOPER: PARKING �10' � 0" WOOD DEVELOPMENT GROUP, BUILDING ELEVATION (SIDE) � REVISED ROOF PLAN � REVISED 3 OVERLAND PARK, KANSAS 4 1/8" = 1'�0" 1" = 30'�0"

PROJECT OVERVIEW As of September 1,, 2014, Wood Development nt Group up is moving ng straig aight ht ahead ad with h plans ns to develo lop Greens ns at Tiffany fany Spring ngs, Phase I; a 272 unit it, $32.6 millio illion n upscal ale, market rate-/gat ated apartment nt communit nity locat ated in the heart of the well estab ablis ished KCI TIF Distric ict and $70 milli llion n Twin n Creeks Water Shed Distric ict, on 24.2 acres es of apartment nt zoned ground und, within hin ½ mile ile east of the 18 8 hole Tiffany fany Spring ngs Golf Course. Note on the TIF aerial ial (page 9) that northb hbound ound Green n Hills lls Rd. at Hwy 152, whic ich h intersect ects with h The Greens ns, will ll be widened ned to 4 lanes nes along ng with h the round about ut at Tiffany fany Spring ngs Rd. & N. Green Hills ls, both h to commenc nce e construc uction ion in fall ll of 2014. Menards and Sam’s Wholesale are scheduled to start construction in spring of 2015, as are continued expansions to the KCI Ind us ustria ial l Park and Zona Rosa a Town Center, a mixed ed use commercial ial center now in excess of 1.5 mill illio ion n squar uare feet. The area a is literal ally ly ablaze laze with h new projects involv lving ing infras astruc uctur ure, e, commercial ial, and sing ngle le famil ily neigh ghborhoo hoods. Ford Motor at their ir Claycom omo plant nt, on September 24 th th , anno nounc unced the permanent anent addit itio ion n of a second ond shift ift whic ich h will ll add 1,200 new jobs. The Clay aycom omo facilit ility is withi hin n 15 minut nutes es of Greens ns at Tiffany fany Spring ngs. The Greens ns is the fourth h co develo lopment ent in the KC metro area a for Wood Develo lopment ent Group (WDG) beginnin inning g in 2011; -- --the he elevent nth h project in six states es and involv lving ing in excess of 2,800 unit its sinc nce 2004. The development nt team includ udes es Lutze zen Engine ineerin ing, g, KCMO and The Hill l Firm, AIA, Fort Smith, h, Ark., also archi hitects on Heigh ghts at Delawar ware Ridge ge (228 unit its), and Kins nsle ley Forest (312 unit its). Prelim imin inar ary site plan n tied to survey and topo is included luded herewit ith; floo oor plans ns TIF and Watershed aerials ials, buildi ilding ng prototypes and elevat atio ions ns, full ll pro forma, a, current nt Hwy. 152 localize alized rent survey, 2013-14 compar arab able le sale les, and econom omic ic trends includ luding ing the KCI TIF stat atus us and populat ation ion projections ions for the Twin n Creeks Watershe hed Distric ict. Cons nstruc uctio ion n estim imat ates es provided ed by Haren Laug ughl hlin in Construc uction ion Co., Lenexa, a, Kans nsas as, a seasone oned apartment ent builde ilder. The amend nded ed prelim imina inary develo lopment nt plan n (inclu luded) was present nted ed to KCMO P & Z on September er 2 nd nd with h final al approval als tentat ativ ively ly projected ed to occur ur by December 2014. Cons nstruc uctio ion n will ll star art in June ne of 2015 with h 30 month h cons nstruc uction/ n/le leas ase up term, 15 unit its/mo. avg. g. absorption ion — stab abilize ilized occup upan ancy sum ummer of 2017. WDG retains ains relat ations nship hips with h capab able le cons nstruct uctio ion n lende ders and equity sources ces incl cluding uding Woodbur ury Strategic gic Partne ners, , Salt Lake City. . Wood is seeking ing a co developer/end end owner for particip ipat ation ion and full l ownershi hip on comple letion. n.

24.2 ACRE SITE — 272 UNITS +/- PHASE I

MAJOR EMPLOYERS WITHIN 15 MINUTES DRIVE • HARLE LEY Y DAVID IDSON ON PLANT • CERNER CORPOR ORATE HEADQU QUARTERS (I 29 & Hwy. . 210 see ee map next xt page) e) • AMERICA ICAN AIRLIN LINES OVERHAUL L BASE • SMIT ITH H ELECTR CTRIC IC AUTO O PLANT • GENERAL L MOTOR ORS FIARFAX FAX ASSEMBLY LY PLANT FORD CLAYC YCOM OMO O ASSEMBLY LY PLANT • NORTH H KANSAS CITY Y HOSPIT ITAL (See e map p next page) e) • • UNION ON PACIFIC IFIC RAILR LROAD

3,000 JOBS ADDED IN PLATT & CLAY COUNTIES FROM 2012 TO 2013

CIVILIAN LABOR FORCE METRO WIDE ADDED 27,000 JOBS FIRST HALF OF 2014

METRO KANSAS CITY HOUSEHOLD PROJECTIONS THRU 2017

K-8 AND MIDDLE SCHOOL PROXIMITY

DISTRICT PLAN FOR FUTURE FACILITIES

RENTAL SURVEY OF UPSCALE COMMUNITIES WITHIN 2 MILES

APARTMENT SALES METRO KANSAS CITY First st Quarter r 2014: 4:

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TYPICAL 1, 2, & 3 BR UNIT FLOORPLANS

WOOD DEVELOPMENT GROUP — TEAMWORK/RESULTS

DEVELOPMENT/BUILD OUT & RAMP UP SCHEDULE December20 r2014 4 Compl mplete entitlem ements ents Februa uary y 2015 Submit mit archi hitectura ctural/M /MEP EP/st /structural ructural to KCMO March h 2015 5 Submit civil l engine neeri ering ng constructi struction n drawing ngs s to KCMO June 2015 5 Commence ce site work rk Spri ring ng 2016 First t certific ficat ates es of occupan ancy Fall 2016 Building dings s 90% comp mplet ete December r 2016 6 Fina nal punc nch h list st comp mplet ete Januar ary y 2017 7 80-90% 90% occupan ancy y achieved ed