Stonewater Phase One 500+ Lots

RARE LARGE QUANTITY OF CONTIGUOUS ACRES NEAR HIGHWAY & DEVELOPMENT | ALL OR PART AVAILABLE

POTENTIAL CANNABIS CULTIVATION, AGRICULTURE, SOLAR, MANUFACTURING, DISTRIBUTION, MINING, RESIDENTIAL, ENTERTAINMENT VENUE* CONTACT LESS THAN 1 MILE TO I-10 (DILLON ROAD INTERCHANGE) | BOUND BY SEVERAL PAVED STREETS BROKER FOR PRICE FUTURE ALL OR PART

AT TERRA LAGO ACTIVE FARGO CANYON RD GULF CENTER DR 100+ LOTS ACTIVE

LIDO 67 LOTS STONEWATER PHASE ONE 500+ LOTS

ACTIVE SOON PHASE USA LAND TWO CVWD MONTE VINA 296 LOTS LANDFILL RD FUTURE TRIBAL LAND DILLON LAKE 22 LOTS USA LAND

UNDER COUNTY OF CONSTRUCTION RIVERSIDE RED MOON RV PARK 436 RV LOTS LAND

DILLON RD 10

The information contained in this offering material (“Brochure”) is confidential, furnished solely for the purpose of a CONTACT INFO review by prospective purchaser of any portion of APN’s: 697-260-001 (Partial) in the City of Indio, County of Riverside, California (“Property”) and is not to be used for any other purpose or made available to any other person without the express written consent of The Hoffman Company (“Broker”). The material is based in part upon information supplied The by Robott Land Company (“Owner/Seller”) and is not intended to be comprehensive or all-inclusive but rather only Hoffman an outline of some of the provisions contained therein. No warranty or representation, expressed or implied, is Company made by Seller, The Hoffman Company, or any of their respective affiliates, as to the accuracy or completeness of the Erik L. Christianson, Vice President information contained herein or as to the engineering or environmental matters. Prospective purchasers should make their own projections and conclusions without reliance upon the materials contained herein and conduct their own DRE #01475105 independent due diligence, including engineering and environmental inspections, to determine the condition of the T (949) 705-0920 • C (949) 910-7337 Property and the existence of any potentially hazardous material located at the site. [email protected] This Brochure was prepared by The Hoffman Company. It contains select information pertaining to the Property and THE HOFFMAN COMPANY does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may desire. All Coachella Valley Office assumptions are provided for general reference purposes only and are based on assumptions relating to the general 777 E Tahquitz Way, Suite 200 economy, competition and other factors beyond control and, therefore, are subject to material change or variation. Palm Springs, California 92262 In this Brochure, certain documents and other materials are described in summary form. The summaries do not purport T (760) 969-7357 to be complete nor, necessarily, accurate descriptions of the full agreement involved, nor do they constitute a legal www.hoffmanland.com analysis of such documents. Interested parties are expected to independently review all documents. CA Corp ID #01473762 This Brochure is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the Property by The Hoffman Company or the Seller. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the advisability RoBott Land of purchasing the Property described herein. C O M P A N Y

Owner/Seller and The Hoffman Company and expressly reserve the right, at their sole discretion, to reject any or all Steve Botthof, Vice President expressions of interest or offers to purchase the Property and/or to terminate discussions with any party at any time DRE #01131793 with or without notice. T (310) 299-7574, ext. 101 C (310) 940-9111 This Brochure is the Property of The Hoffman Company and and may be used only by parties approved by The Hoffman Company. The Property is offered by Robott Land Company , and, by accepting this Brochure, the party in possession [email protected] hereof agrees (i) to return it to The Hoffman Company immediately upon request of The Hoffman Company or Seller and (ii) that this Brochure and its contents are of a confidential nature and will be held and treated in the strictest ROBOTT LAND COMPANY INC. confidence. No portion of this Brochure may be copied or otherwise reproduced or disclosed to anyone without the T (310) 299-7574 prior written authorization of The Hoffman Company/ and Owner/Seller. www.robottland.com CA Corp ID #02002534 The terms and conditions set forth above apply to this Brochure in its entirety. TABLE OF CONTENTS

PROPERTY 01 OVERVIEW 4-17

OFFERING 02 GUIDELINES 18-19

INDIO 03 MARKET TRENDS 20-25

NEW HOME 04 PROJECTS 26-33

INDIO 05 OVERVIEW 34-41

H 01 PROPERTY OVERVIEW Property Overview STONEWATER, 818 ACRES 5

Property Overview

AREA MASTERPLAN AFFORDABLE HIGHLY RANKED PROVEN AMENITIES COMMUNITY HOME PRICES SCHOOLS SALES

Stonewater at Indio HIlls provides one of the FARGO CANYON RD few large developable masterplan opportunities in the STONEWATER Indio area, and is DILLON RD PHASE ONE located in one of the only path of growth directions just east PHASE TWO of the active age restricted development “Terra Lago” by K. LANDFILL RD Hovnanian Four Seasons. ere home prices average above $1M+.

RoBott Land C O M P A N Y H

2028 feet

Indio is the CITY OF INDIO COACHELLA VALLEY SUMMARY Coachella Valley’s fastest growing city, the The Coachella Valley (also known as “the desert”) market area generally appeals fifth fastest growing city in the state last year, to well- established local residents, seasonal part time residents, and seniors from all over the nation and Canada which in turn supports the local job and is endowed as the most populous city in market in the health care, tourism,and energy industries. The continual influx the desert with 84,000 residents. Indio has of new residents to the area are attracted to the year round warm weather and resort-style living. Top attractions include nearby shopping at the world-class El become known both locally and across the Paseo, fine dining, well-appointed resorts & spas, a half-dozen popular casinos, nation as the “City of Festivals” with annual internationally known golf courses & tennis events, growing music festivals, equestrian tournaments, motorsports facilities, and an abundance of other concerts and fairs breaking new attendance entertainment venues not found anywhere else in the nation with this level of records every year. To keep up with the grow- concentration. The unique & affluent Buyer profile for the subject property could naturally be focused on the move up, up, second home, and retirement home ing population, in the last six years alone, buyers, whom are generally known to be less sensitive to economic pressures the city of Indio has invested more than $100 and interest rate fluctuations compared to entry level home buyers. Historical trend data shows that the years of 2000-2007 accounted for over 25,000 new million in infrastructure including paved home sales in the Coachella Valley (an average of nearly 4,000 new home roadways, landscaping, and upgraded water & sales per year over an 8-year period). Now in year 2020, the Coachella Valley is experiencing a historical inventory shortage and possesses an incredible growth sewer treatment plants. potential being linked to the 3rd fastest growing city in Southern California.

LOCATION The property is located South East corner of Dillion and Fargo Canyon Road INDIO QUICK FACTS (Avenue 42) in the Indio Hills area. Two miles north of Interstate 10.

HOME PRICE LAST 12 MONTHS SIZE (RE-SALE + NEW) : 4.5% 818 Continuous Acres

Only ENTITLEMENTS MONTHS OF INVENTORY: 2.4 Months Proposed Specific plan for 2,364 Residential Units, 25 Acres Hotel/Resort, 25 Acres of Com- mercial/Retail, 62 Acres of Motor Coach Resort. Sources: US Census Bureau, NAR, Dataquick

RoBott Land H C O M P A N Y STAGECOACH FESTIVAL STONEWATER, 818 ACRES 7

Site Detail

SUMMARY ZONING 300 Condos W-2-10 (Control Development, 10 acre minimum lot size) 2,064 Homes 2,364 Total Dwelling Units GENERAL PLAN OS-RUR (Open Space, Rural) APN EDR (Estate Density Residential, 2 ac minimum lot size) 601-300-006, 601-320-006, 007, 008, 009, 601-330-001, 002, 003, 601-340-001, 002, 004, 012, 014 GEOLOGY A Geological study identified a fault line running through the southwest corner of the property.

Land Use Site Plan

RoBott Land C O M P A N Y H Date: April 5, 2015 Revised: April 19, 2015 Project: Stonewater / Indio, CA Sphere of Influence Subject: Draft Land Use and Yield Analysis Client: Stonewater 800, LLC (RoBott Land Company) Prepared By: STEVEN FORD / Real Estate Development Consulting Services Acquisition Feasibility / Regulatory Analysis / Entitlement / Project & Site Development Management [email protected] / 760-902-8781

Total Project Acreage or Land Use Project Project Remainder Acreage % Yield 818.15 Total Project Acreage 805.46 12.69 1.55% Planning Area 1 / Assumed Undevelopable Conservation Area 804.47 0.99 0.12% Planning Area 6 / Assumed Undevelopable - No Access 13.68 Sub-Total Undevelopable Planning Areas

769.13 35.34 4.32% Restricted Use Area north of SCE easement per Petra Report. 744.81 24.32 2.97% Restricted Use Study Area north of SCE easement per Petra Report 59.66 Sub-Total Restricted Use Areas north of SCE easement per Petra Report

712.71 32.10 3.92% Utility Easements 706.71 6.00 0.73% Resrvoir Sites / 2 @ 3 acres each 696.43 10.28 1.26% Dillon Rd., Fargo Canyon Rd., Land Fill Rd. R.O.W. 676.97 19.46 2.38% Hillside Areas / Open Space or Recreation Amenity 646.67 30.30 3.70% Drainage Intercept & Conveyance at Fargo Canyon and East Boundary 626.67 20.00 2.44% Drainage Conveyance and Detention/Retention Facilities 601.67 25.00 3.06% Parks and Trails / Approx. 35 ac. Req'd., Estimate 5 ac. in Restricted Use and Hillside Areas 565.31 36.36 4.44% Internal Collector Roads 179.50 21.94% Sub-Total Other Non-Revenue Land Uses

252.84 30.90% Sub-Total ALL Non-Revenue Land Uses

540.31 25.00 3.06% Resort Hotel and Fractional Ownership Condominiums - Planning Area 4 515.05 25.26 3.09% Retail / Commercial - Planning Area 2 453.01 62.04 7.58% Motor Coach Resort / Commercial - Planning Area 5 438.01 15.00 1.83% 300 Multi-Family Rental Condominiums / 2-Story Stacked Flats - Planning Area 3 438.01 438.01 53.54% 2064 Single Family For Sale Residential - Planning Areas 3 and 4 Total Acreage Revenue Land Uses 565.31 69.10% 2,364 Total Estimated Residential Units

25.26 275,081 GLA Retail / Commercial at 25% Yield Ratio Date: April 5, 2015 25.26 385,114 GLA Retail / Commercial at 35% Yield Ratio Revised: April 19, 2015 P Project:ROPERTYStonewater O /VERVIEW Indio, CA Sphere of Influence 453.01 55.37% Total Project Residential Acreage 8 PropertySubject: Draft Land O Useverview and Yield Analysis Client: Stonewater 800, LLC (RoBott Land Company) Per Acre Yield Prepared By: STEVEN FORD / Real Estate Development Consulting Services 438.01 15.00 20.00 300 Multi-Family Rental Condominiums / 2-Story Stacked Flats - Planning Area 3 Acquisition Feasibility / Regulatory Analysis / Entitlement / Project & Site Development Management LotLOT Yield YIELD Studies STUDIES 438.01 438.01 4.71 2,064 Total Acreage for Single Family For Sale Residential - Planning Areas 3 and 4 [email protected] / 760-902-8781 2,364 Total Estimated Residential Units

Total Total Number Approx. Number Project Project Total of Villages Acreage of Units Total Acreage or Land Use Project Project Acreage or Land Use Per Acre Product for this for each for each Product Remainder Acreage % Yield Product Remainder Acreage Yield Yield Product Village Village Yield 818.15 Total Project Acreage Cluster 378.01 60.00 6.50 390 3 20.00 130 390 805.46 12.69 1.55% Planning Area 1 / Assumed Undevelopable Conservation Area 45' x 100' 303.01 75.00 5.50 413 3 25.00 138 413 804.47 0.99 0.12% Planning Area 6 / Assumed Undevelopable - No Access 50' x 100' 228.01 75.00 5.00 375 3 25.00 125 375 13.68 Sub-Total Undevelopable Planning Areas 55' x 100' 155.01 73.00 4.50 329 3 24.33 110 329 60' x 100' 85.01 70.00 4.00 280 3 23.33 93 280 769.13 35.34 4.32% Restricted Use Area north of SCE easement per Petra Report. 65' x 120' 40.01 45.00 3.50 158 2 22.50 79 158 744.81 24.32 2.97% Restricted Use Study Area north of SCE easement per Petra Report 75' x 120' 0.01 40.00 3.00 120 2 20.00 60 120 59.66 Sub-Total Restricted Use Areas north of SCE easement per Petra Report 438.00 2,064 19 2,064

252.84 30.90% Sub-Total ALL Non-Revenue Land Uses

25.26 275,081 GLA Retail / Commercial at 25% Yield Ratio 25.26 385,114 GLA Retail / Commercial at 35% Yield Ratio

453.01 55.37% Total Project Residential Acreage

Per Acre Yield 438.01 15.00 20.00 300 Multi-Family Rental Condominiums / 2-Story Stacked Flats - Planning Area 3 438.01 438.01 4.71 2,064 Total Acreage for Single Family For Sale Residential - Planning Areas 3 and 4 2,364 Total Estimated Residential Units

Total Number Approx. Number Project Total of Villages Acreage of Units Total Acreage or Land Use Per Acre Product for this for each for each Product Product Remainder Acreage Yield Yield Product Village Village Yield Cluster 378.01 60.00 6.50 390 3 20.00 130 390 45' x 100' 303.01 75.00 5.50 413 3 25.00 138 413 50' x 100' 228.01 75.00 5.00 375 3 25.00 125 375 55' x 100' 155.01 73.00 4.50 329 3 24.33 110 329 60' x 100' 85.01 70.00 4.00 280 3 23.33 93 280 65' x 120' 40.01 45.00 3.50 158 2 22.50 79 158 75' x 120' 0.01 40.00 3.00 120 2 20.00 60 120 Source: Steven Ford Real Estate438.00 Development2,064 Consulting19 Services 2,064

RoBott Land H C O M P A N Y 8 Date: April 6, 2015 Revisions: April 19, 2015 / April 15, 2015 Project: Stonewater / Indio, CA Sphere of Influence P ROPERTY O VERVIEW Subject: Draft Land Use and Yield Analysis STONEWATER, 818 ACRES 9 Client: Stonewater 800, LLC (RoBott Land Company) Prepared By: STEVEN FORD / Real Estate Development Consulting Services Acquisition Feasibility / Regulatory Analysis / Entitlement / Project & Site Development Management LOTLot YIELD Yield STUDIES Studies [email protected] / 760-902-8781

Total Total Total Number Total Units Total Acreage Total Total Number Total Acreage Number Project Product Project Acreage of Units Units Required Acreage Required Project Estimated Product of Villages Acreage Difference of Units Acreage or Land Use Per Acre Yield Development for each for each for each for each for each for each Acreage or Land Use Per Acre Yield for this for each for each for each Product Remainder Acreage Yield Goal Phase Village Village Village Product Product Product Product Product Remainder Acreage Yield Goal Product Product Product Product Cluster 428.01 60 6.5 390 1 15A 10.00 65 Cluster 378.01 60 6.5 390 3 60.00 0.00 390 0 Cluster 425.01 6.5 1 15B 3.00 20 45' x 100' 303.01 75 5.5 413 3 75.00 0.00 413 0 13.00 85 85 306 13.00 47.00 50' x 100' 228.01 75 5 375 3 75.00 0.00 375 0 55' x 100' 155.01 73 4.5 329 3 73.00 0.00 329 0 60' x 100' 85.01 70 4 280 3 70.00 0.00 280 0 Cluster 416.41 6.5 2 18A 8.60 56 65' x 120' 40.01 45 3.5 158 2 45.00 0.00 158 0 Cluster 409.56 6.5 2 18B 6.85 45 75' x 120' 0.01 40 3 120 2 40.00 0.00 120 0 Cluster 406.16 6.5 2 18C 3.40 22 2064 19 438.00 0.00 2064 0 18.85 123 207 183 31.85 28.15

Cluster 383.43 6.5 3 9 and 10 22.73 148 378.01 6.5 3 1B 5.42 35 28.15 183 390 0 60.00 0.00

45' x 100' 359.13 75 5.5 416 1 8 24.30 134 134 282 24.30 50.70

45' x 100' 335.43 5.5 2 17 23.70 130 264 152 48.00 27.00

45' x 100' 308.43 5.5 3 3 27.00 149 413 3 75.00 0.00

50' x 100' 280.13 75 5 375 1 12 28.30 142 142 234 28.30 46.70

50' x 100' 270.13 5 3 23 10.00 50 50' x 100' 258.13 5 2 24A & 24B 22.00 110 32.00 160 302 74 60.30 14.70

50' x 100' 243.43 5 3 4 14.70 74 375 0 75.00 0.00

55' x 100' 221.43 73 4.5 329 1 6 22.00 99 99 230 22.00 51.00

55' x 100' 201.43 4.5 2 19 20.00 90 189 140 42.00 31.00

55' x 100' 170.43 4.5 2 11 31.00 140 329 0 73.00 0.00

60' x 100' 149.43 70 4 280 1 7 21.00 84 84 196 21.00 49.00

60' x 100' 130.13 4 2 20 19.30 77 161 119 40.30 29.70

60' x 100' 100.43 4 3 5 29.70 119 280 0 70.00 0.00

65' x 100' 75.88 45 3.5 158 1 13 24.55 86 86 72 24.55 20.45

65' x 100' 55.43 3.5 2 22A & 22B 20.45 72 158 0 45.00 0.00

75' x 100' 35.43 40 3 120 1 14 20.00 60 60 60 20.00 20.00

75' x 100' 15.43 3 2 21 20.00 60 120 0 40.00 0.00

Source: Steven Ford Real Estate Development Consulting Services

RoBott Land 9 C O M P A N Y H STONEWATER 818 ACRES | INDIO 10 Property Overview

City of Indio & Subject Property Location

10 BERMUDA DUNES 10 STONEWATER

INDIO 111 111 10 86

LA QUINTA COACHELLA

111

RoBott Land H C O M P A N Y 86 STONEWATER, 818 ACRES 11

Highway/Freeway Access

DILLON RD TO INTERSTATE 10 From Site at Landfill Road, head East Turn South (Left) onto Dillon Road Dillon Road takes you to I-10 Fwy

STONEWATER

10 AVENUE 44 LANDFILL RD

Y W K P R E T N E C

F L O G 111

DILLON RD 10 AVENUE 50 86

RoBott Land C O M P A N Y H 12 Property Overview

Vicinity Aerial

STONEWATER

RoBott Land H C O M P A N Y STONEWATER, 818 ACRES 13

Assessor's Parcel Map

RoBott Land C O M P A N Y H 14 Property Overview

Notable Project Area Map GOLF CENTER PKWY

BLM STONEWATER

1 BLM 4 3 6 AVENUE 44 3 5 BLAIR 2 RANCH BLM

DILLON RD VAN BUREN ST INDIO BLVD

9 10 86 AVENUE 48

Numbers correspond to data on the following page. RoBott Land H C O M P A N Y STONEWATER, 818 ACRES 15

Notable Project Area Map Notes

REF # NAME LOTS OR ACRES OWNER/DEVELOPER NOTES

113 lots Sold almost three years ago. Builder has raised its pricing. Terra Lago is the #2 best 1 Lido at Terra Lago Mickie Riley 15.38 acres selling new residential development in Riverside County.

Under Construction. DR Horton bought this using a phased take down or installment 296 lots purchase. They purchased 126 nearly finished lots for $6.3-million. The remaining 2 Monte Vina DR Horton 80 acres lots are unfinished but rough graded. The final price if they exercise their opion on the remaining lots amounts to $12-milllion.

Bradley Mccall 3 None 32.87 Owned forever by a land investor not too dissimilar to RoBott Land Co (John Wang) Bradley Mccall 3 None 29.2 Owned forever by a land investor not too dissimilar to RoBott Land Co (John Wang)

A 55+ community consisting of 681± houses. Broke ground in 2014. Finished in 681 SFRs (lots) 4 Four Seasons at Terra Lago K Hovnanian 2020. Home sizes from 1,559 sq. ft. to 2,747 sq. ft. Prices range from upper-$200s to 133 acres the mid-$500s.

322 unit SFR Site has Statutory Map Extension to 9/12/21 - Porperty is for sale for $7-million. Pulte 5 Nickel Creek subdivision Coachella Nickel Creek is taking a close look at it. 64.64 acres

Unknown This property is approved for 24 half-acre lots surrounded by a 7 acre lake. The owner 22 lots 6 Dillon Lake Owner's Rep is is dusting off the development pland and trying to get this project shovel ready in 41 acres Dave Turner 2021. Grading plan already filed at the City.

436 RV lots Red Moon Dev. & Construction This property was approved in March of 2019 and is under construction. It will be a 7 Red Moon RV Park 78 acres Jim Komick RV Resort with 46 long-term rental spaces and 390 short-term rental spaces.

11-Story Hotel, CHC Builders Inc. 8 Luxury Hotel Project and RV Park This project was approved at the end of 2018 and is now fundrasing. Abraham Gotlieb 48 acres

SOLD in JULY 2020 for $15-million or $48k per acre. This is extrememly raw land with Shadow View 9 310 acres Don't Know utilities running through the middle of the property and it is subject to the City of (vacant land sale) Coachella's specific plan - Shadow View which calls for residential and retail uses.

RoBott Land C O M P A N Y H 16 Property Overview

Desert Sun Article A developer bought four square miles north of I-10 in Coachella for $14 million Amy DiPierro | Palm Springs Desert Sun | Nov 2018 From a distance, the sand north of Interstate 10 in Coachella looks mostly untouched, its One real estate developer is betting the newcomers will need a place to go. foothills marred only by utility lines and a few dusty roads. KPC Development Company LLC in October closed the latest of three large land deals in But south of the freeway, fast-growing Coachella sees the expanse, bounded on its west Coachella in the region east of Dillon Road and north of the freeway. Altogether, the firm side by the San Andreas Fault and continuing east toward Joshua Tree National Park, as the has purchased about four square miles of land in the area, sometimes called Desert Lakes, potential site for future development. Today a city of more than 43,000 people, Coachella for $14 million, according to real estate title records. has predicted its population will explode to 155,000 people by 2035, rivaling the size of cities in western Riverside County. KPC Development is the real estate development arm of Riverside-based KPC Group. The company also invests in healthcare and education. In a written statement, KPC Group spokesperson Jeff Corless confirmed the company has acquired “several thousand acres in the Coachella Valley” but said it “has not made any specific STONEWATER determinations for the use of this land.”

On its website, KPC Group has posted preliminary drawings showing a possible development in the land north of Inter- state 10. The sketch includes 6,500 homes, a casino-hotel complex, festival grounds and medical facilities.

Maps and renderings posted on the KPC website depict the desert property, bounded on its west side by the All-Amer- ican Canal, developed into a collection of neighborhoods, some of them separated by green bands of date palm plan- tations. A thin blue river shown in the drawings divides the property into two parts, with a festival ground and a park on the north bank of the river and a commercial development with a hotel, casino and amphitheater complex, medical center and anti-aging institute, a nine-hole golf course and additional mixed-use space on its south side, closer to Inter- This undeveloped land adjacent to Interstate 10 north of Coachella has been acquired by a developer, state 10. November 16, 2018. Drone Photograph by Richard Lui and Jay Calderon | The Desert Sun

RoBott Land H C O M P A N Y STONEWATER, 818 ACRES 17

Desert Sun Article

In an email, Coachella Development Services Director Luis Lopez said KPC Development has not made any formal proposals to the city. He said the city is discussing a potential reimbursement agreement with the developers, which would allow the city to hire consultants “to coordinate project meetings and begin reviewing preliminary land use plans” in the Desert Lakes area.

In its General Plan, Coachella has des- ignated Desert Lakes as a place where developers could build resorts, neighborhoods and retail space. The plan, released in 2015, did not anticipate the area would see development before 2035. Plan- ners described the region as a sensitive environment, with desert washes, active faults and 100-year floodplains.

A new highway interchange could help the project to overcome limited access, one potential roadblock to development. The land adjacent to Interstate 10 north of Coachella may be developed in the easternmost end of the Coachella Valley, According to the Department of Trans- November 16, 2018. Drone Photograph by Richard Lui and Jay Calderon | The Desert Sun portation, construction on a proposed interchange between Interstate 10 and Avenue 50 – to be built 9.1 miles west of the Cactus City rest area near the southern border of KPC’s property – is scheduled to begin in 2019. The interchange would open in 2020.

Lopez confirmed that the future interchange could feed the Desert Lakes area as well as La Entrada, a community of 7,800 homes pegged for the 2,200 acres on the south side of Interstate-10.

KPC was founded by Dr. Kali P. Chaudhuri, an orthopedic surgeon turned entrepreneur. The KPC Group of Companies has pursued investments in Riverside County and beyond. It owns hospitals in Hemet, Menifee and other Southern California communities. It has also established a medical school in India.

The KPC property in Coachella is one of several large land deals to close in the Coachella Valley since 2017. Financial giant BlackRock purchased 167 acres in the neighborhood west of the Palm Desert campuses of California State University San Bernardino and the University of California Riverside in August 2017. Then, in January 2018, the family trust of a man thought to be one of the largest property owners in the country bought 1,100 acres in north Indio, once pegged for a master-planned development. And in March, developers snagged a square mile of land near the Annenberg Estate in Rancho Mirage.

RoBott Land C O M P A N Y H 18 Property Overview

Close Up Parcel Aerial

STONEWATER PHASE ONE

PHASE TWO DILLON RD DILLON LANDFILL RD

RoBott Land H C O M P A N Y STONEWATER, 818 ACRES 19

Close Up Phase 1 Aerial

APN ACRES 601320007 5.14 601330001 12.88 PHASE ONE 601330002 21.07 601330003 23.71 Total 62.80

5.14 AC

12.88 AC

DILLON RD 21.07 AC PHASE TWO

LANDFILL RD

23.71 AC

RoBott Land C O M P A N Y H

511 feet

Property Photos

RoBott Land H C O M P A N Y STONEWATER, 818 ACRES 21

Property Photos

RoBott Land C O M P A N Y H 02 OFFERING GUIDELINES

NEARBY TERRA LAGO GOLF CLUB (INDIO) STONEWATER, 818 ACRES 23

Offering Guidelines

DUE DILIGENCE MATERIALS DEPOSITS The due diligence documents are available upon request. Please do not contact or A Minimum Initial Deposit of equal to Two-and-a-Half Percent (2.5%) of the purchase meet with city regarding this project until permission is granted. price shall be made at the Opening of Escrow and shall remain refundable during the Due Diligence Period. The Second Deposit shall be placed into Escrow prior to SELLER expiration of the Due Diligence Period. The sum of the Initial Deposit and Second Robott Land Company Deposit shall equal a Total Deposit of Five Percent (5.0%) of the Purchase Price. Upon Buyer’s approval of its Due Diligence, the Total Deposit shall be released to Seller and LETTER OF INTENT ADDRESS shall be non-refundable except for Seller default. Robott Land Company Erik Christianson OPENING OF ESCROW The Hoffman Company Upon Delivery to Escrow of the mutually executed Purchase & Sales Agreement 18881 Von Karman Ave., Suite 150 and the initial Deposit equal to a minimum of Two-and-a-Half Percent (2.5%) of the Irvine, CA 92612 purchase price.

OFFER FORM CLOSE OF ESCROW Buyer to offer price and other major business points via Buyer’s own form of Letter of The Close of Escrow shall occur within 15 days after the Due Diligence Period Intent (LOI). approval. Submit. Seller may consider various escrow lengths depending on price and other terms. ASKING PRICE Submit. Contact Broker for Details. OFFER DUE DATE Offers will be considered as they are submitted. DEAL STRUCTURE Seller will entertain a Bulk Purchase All-Cash transaction, or may entertain other BROKER CONTACT terms. Erik L. Christianson, CA BRE #01475105 T (949) 705-0920 | C (949) 910-7337 DUE DILIGENCE PERIOD [email protected] Submit. THE HOFFMAN COMPANY PURCHASE & SALE AGREEMENT Coachella Valley Office Buyer to provide Seller with a Purchase & Sale Agreement within 5 days of selection. 777 E. Tahquitz Canyon Way, Suite 200 Palm Springs, CA 92262 Buyer and Seller shall work diligently to have the Purchase & Sale Agreement T (760) 969-7357 | F (949) 553-8449 www.hoffmanland.com executed by both parties, within 10-days after delivery.

* Disclaimer: All Offering Guidelines are subject to change.

RoBott Land C O M P A N Y H 03 INDIO MARKET TRENDS

NEARBY TERRA LAGO GOLF CLUB (INDIO) Indio Market Trends STONEWATER, 818 ACRES 25

Months of Supply by City Source: Market Watch and Data Quick | Sept 2020

City inventory divided by average twelve month sales 10.0 ONLY 2.0 MONTHS OF INVENTORY! 8.0

7.2

6.0 5.4 5.0

MONTHS 4.4 4.4 4.0 4.0 4.1 3.5 3.1 3.0 3.2 2.8 2.8 2.6 2.6 2.4 2.7 2.0 2.0 1.9 2.0 1.6 1.0

0.0 Coachella Desert Cathedral Palm Indio Bermuda La Quinta Palm Thousand Rancho Indian Hot City Springs Dunes Desert Palms Mirage Wells Springs SEPT 2020 YEAR AGO

RoBott Land C O M P A N Y H 26 Indio Market Trends

Desert Housing Report: Detached Homes Source: CDAR & PSRAR | Sept 2020

JUN 2020 YEAR AGO 12 MOS GAIN OFF 2006 ALL TIME % FROM ALL 2011 LOW MEDIAN PRICE MEDIAN PRICE CHANGE 2011 LOW HIGH TIME HIGH

La Quinta $603,500 $476,000 29.2% $245,000 146.3% $682,020 -11.5% Palm Springs $744,000 $642,500 15.8% $335,000 122.1% $600,000 24.0% Cathedral City $395,000 $345,000 14.5% $139,000 184.2% $395,000 0.0% Palm Desert $480,000 $422,500 13.6% $287,000 67.2% $543,000 -11.6% Rancho Mirage $747,000 $665,000 12.3% $423,000 76.6% $950,000 -21.4%

DETACHED HOMES DETACHED Desert Hot Springs $263,500 $239,950 9.8% $85,000 210.0% $295,000 -10.7% Indio $372,038 $339,000 9.7% $158,500 134.7% $380,500 -2.2% City of Coachella $295,000 $275,500 7.1% $121,950 141.9% $335,000 -11.9% Indian Wells $905,500 $1,100,000 -17.7% $540,000 67.6% $1,205,000 -24.9%

Note: Includes both re-sale home data and new home sales data.

RoBott Land H C O M P A N Y STONEWATER, 818 ACRES 27

Housing Market Demand Overview

Housing in the Coachella Valley is driven by three segments: 1) Primary Housing, 2) Second Home/Vacation Housing and 3) Retirement Housing.

1) Primary Housing is affordability driven, comprised of service workers supporting the hospitality, medical, retail and agricultural industries in the Val- ley. Major employment nodes are located along the south side of I-10 from Palm Springs to Coachella and are concentrated in the retail, hospitality, and health care sectors. Within a 25-mile radius, there are 125,822 primary jobs, according to the 2010 Census.

2) Second Home/Vacation Housing is comprised of primarily wealthy households, consisting of families and older couples. The Coachella Valley is a vacation and resort destination within a two to three hour drive of the greater Southern California area. Southern California is the second largest concentration of population in the United States, with 21.5 million people in six counties and a large employment base (8.1 million jobs). Direct domestic and international airline flights, a key to pulling second home buyers from outside the Southern California drive-in area, connect Palm Springs Airport to key feeder markets in Northern California, the Northwest and Canada.

3) Retirement Housing and Active Adult Communities comprise the third segment of the Coachella Valley housing market. This demographic is primarily a mix of local Southern California retirees and “snowbirds” residing in the valley during the winter months. This market segment is growing rapidly and continued to be a strong source of housing demand during the past recession. Housing in the Coachella Valley is also on the mend as measured by housing price and sales trends, a decline in distressed sales, declining housing inventory, increasing new home sales and months supply of housing.

RoBott Land C O M P A N Y H 28 Indio Market Trends Indio Named 30th Fastest Growing City in America (& 3rd Fastest in Southern California) Rising Growth in Population, New Businesses, and Building Permit Activity Earns Indio Top Ranking

Source: Wallet Hub | October 15, 2018

INDIO, CA (October 15, 2018) – Personal finance website WalletHub has just released The natural beauty and perfect winter climate combine to make the City of Indio the its 2018 rankings for the Fastest Growing Cities in America and the City of Indio makes leading city in the region. Located in the Coachella Valley in Southern California, Indio the Top 30 list. Indio is also the 8th Fastest Growing City in California, and 3rd spans 30 square miles and is the largest municipality in the Valley, both in area and Fastest Growing City in Southern California behind only Irvine and Santa Clarita. population. Following significant growth in the region, Indio has seen a 73% increase WalletHub applies 15 relevant metrics to evaluate cities across the nation including of residents since 2000. This dramatic growth and success in recent years has required growth in population, jobs, income, business startups, and building permit activity. strategic response by City leadership in the upgrade of infrastructure and services. Indio is also ranked the No. 1 City in the U.S. for Live Music by Matador Network, Today the population in Indio is approximately 85,000. Indio has historically been the No. 2 Top Emerging Travel Destination in the U.S. by Trivago, and has the unique main population center in the Coachella Valley and continues to serve as the location distinction of being home to the No. 1 Best Places to Eat in the U.S. by Yelp, TKB for Riverside County’s eastern branch offices. Bakery & Deli. With fabulous weather, Indio offers abundant outdoor activities including renowned “I’m thrilled to see Indio ranked in WalletHub’s Top 30 Fastest Growing Cities in polo matches, championship golf, cycling, equestrian events, and hiking. This ideal America, but I am not surprised. We have been seeing families moving to Indio and climate, combined with exceptional conditions for growing various crops and an businesses starting here since the Great Recession. I expect to see us move up that ample supply of ground water, allows agriculture to remain the second largest list in the future,” said Indio Mayor Michael Wilson. “The real estate and building industry in the Coachella Valley. Tourism is ranked as the region’s top employer. With industries all know Indio is booming and they have the data supporting this. It’s the close to a million visitors each year attending its various festivals, shows, concerts, reason why we have so many housing starts and filled up empty big box stores so and events, Indio is known as the “City of Festivals.” - popular festivals include the quickly. Riverside County Fair & National Date Festival in February, The Coachella Valley Those attending Indio’s State of the City Address on October 26th at Fantasy Springs Stagecoach Country Festival in April, and the Indio International Tamale Festival in will see the full scope of Indio’s exciting plans for the future.” The Desert Valley December. Building Association’s most recent 2018 data continue to show Indio with the most residential building permits issued in the Coachella Valley with more than 3,500 The variety of home types available in Indio range from workforce housing to multi- housing units planned or under construction. The number of households in Indio million dollar homes, easily accommodating the housing needs of a wide spectrum of has increased by 90% since 2000. Indio remains one of the most popular cities homeowners. Executive housing includes resort style living with condominiums and for Canadian homebuyers. Indio is the only city in the Coachella Valley with golf course residences in gated communities. two high schools. A new elementary school in north Indio opened this year to accommodate the city’s growing number of families. Nearly a third of Indio’s Indio is a full service city with 220 full-time staff and a $173.5 million budget for 2018- residents are under 17 years old. 19, with a $88.2 million General Fund budget. The City also operates three enterprise operations: Indio Water Authority, Indio Municipal Golf, and Solid Waste. Fire Approximately, 6,057 business licenses and 20,437 business license renewals have services are provided under contract by Cal Fire. While virtually all cities had to make been issued since 2014. Indio has the 3rd largest retail sales volume in the Coachella significant cuts during the Great Recession, public safety was made, and continues to Valley according to Coachella Valley Economic Partnership, and Indio retail sales have be, a priority for the City of Indio. increased by 33% since 2009. New retail, restaurant and hotel developments are also underway at Indio’s major centers – Indio Grand Marketplace (formerly Indio Fashion Mall), The Palms, Showcase at Indio, and Indio Towne Center.

RoBott Land H C O M P A N Y STONEWATER, 818 ACRES 29

Hoffman Coachella Valley Land Index | Q3 2020 Q3 2020 Q1, 2012 FINISHED LOT VALUE CURRENT HOME BUILDER PERCENTAGE CHANGE FINISHED LOT VALUE (7,200 FINISHED LOT VALUE CURRENT VS. Q1, 2012 CITY DESERT HOT SPRINGS SF)** (7,200 SF)** FINISHED LOT VALUE $100K S. Palm Springs $88,000 $400,000 78.00% Indian Wells $157,000 $350,000 60.75% Rancho Mirage $92,000 $295,000 69.33% 62 10 N. & E. Palm Springs $61,000 $275,000 77.82% La Quinta $92,000 $250,000 63.92% 111 S. Indio West $69,000 $250,000 71.25% Palm Desert $81,000 $165,000 50.91% Cathedral City $56,000 $130,000 56.25% NORTH & EAST PALM SPRINGS Thousand Palms $50,000 $110,000 54.55% $275K N. Indio $52,000 $130,000 56.67% CATHEDRAL CITY 10 THOUSAND S. Indio East $53,000 $110,000 51.82% $130K PALMS $110K Coachella $42,000 $100,000 50.59% Desert Hot Springs $31,000 $100,000 60.76%

* finished lot numbers Q1-2012 were mainly based off investor RANCHO comps (not homebuiler comps) as that was the most common MIRAGE buyer at that time. PALM $295K ** finished lot value includes the value of all impact fees due when DESERT $165K NORTH INDIO building permit is pulled and is assuming a fully finished lot with $130K street, curb, gutter, and sidewalk. Note, all numbers are based off a 7,200 sq. ft. lot, so depending SOUTH SOUTH SOUTH on the size of the lot and expected home price for the project, PALM 111 INDIO INDIO particular lot values could vary substantially. SPRINGS WEST EAST INDIAN 10 $400K $250K $110K LEGEND WELLS $350K COACHELLA $400,000 - 599,999 $100K $350,000 - $399,999 $300,000 - $349,999 LA QUINTA $250,000 - $299,999 $250K $200,000 - $249,999

86 $150,000 - $199,999 74 $100,000 - $149,999 $95,000 - $99,999 $90,000 - $94,999 $85,000 - $89,999 $80,000 - $84,999 RoBott Land C O M P A N Y H 04 NEW HOME PROJECTS STONEWATER, 818 ACRES 31

Competitive Market Area

111

CATHEDRAL THOUSAND PALMS SOUTH CITY PALM SPRINGS

RANCHO MIRAGE SUBJECT SITE PALM DESERT INDIO INDIAN WELLS 111 10

74 86

LA QUINTA COACHELLA VALLEY I-10 CORRIDOR SUBMARKETS VISTA SANTA The competitive market area (“CMA”) for the ROSA subject site includes the submarkets of Palm Desert, Rancho Mirage, Indio, and Cathedral City.

RoBott Land C O M P A N Y H 32 New Home Projects

Genesis | Palm Desert

ACTIVE PROJECT SUMMARY

PROJECT SIZE 166 Homes PRODUCT TYPE 1 & 2 Story Detached, Traditional & Contemporary, 6,500 SF Lot Size SOLD LOTS 139 REMAINING LOTS 27 NOTES Good pricing for average location on I-10 freeway noise. UP TO $600k's - $700k's (High $200's/Sq Ft)!

FLOOR PLAN SQ FT PRICE PRICE/SQ FT BED BATH PARKING LEVELS TYPE Residence 1 1,654 $442,900 $267 2 2 2 1 DETACHED Residence 2 1,816 $444,900 $244 3 2.5 2 2 DETACHED Residence 3 1,871 $489,900 $261 3 2 2 1 DETACHED Residence 4 1,963 $455,900 $232 3 3 2 2 DETACHED Residence 5 2,022 $499,900 $247 3 2 2 1 DETACHED Residence 6 2,274 $619,900 $272 3 2.5 2 1 DETACHED Residence 7 2,301 $526,900 $228 3 3.5 2 2 DETACHED Residence 8 2,462 $629,900 $255 3 3.5 2 1 DETACHED Residence 9 2,580 $639,900 $248 3 2.5 2 1 DETACHED

LOCATION MAP EXAMPLE FLOOR PLAN

GENESIS

GERALD FORD DR PORTOLA RD

RoBott Land H C O M P A N Y STONEWATER, 818 ACRES 33

Shadow Ranch | Indio

ACTIVE PROJECT SUMMARY

PROJECT SIZE 81 Lots PRODUCT TYPE Detached 7,800 SF Min. Lot Size, 1 to 2-Story Product SOLD LOTS 31 REMAINING LOTS 50 NOTES UP TO $400K’S! | 5.5± SALES/MONTH!

FLOOR PLAN SQ FT PRICE PRICE/SQ FT BED BATH PARKING LEVELS TYPE Plan 1.1978A 1,978 Starting $380,000 $192 3 2.5 2 1 DETACHED Plan 2.2430A 2,430 Starting $431,000 $177 5 3 2 2 DETACHED Plan 3.2502A 2,502 Starting $427,000 $171 4 3 2 1 DETACHED Plan 4.2929B 2,929 Starting $456,000 $156 5 4 3 2 DETACHED

LOCATION MAP EXAMPLE FLOOR PLAN CALHOUN ST SHADOW RANCH

10 AVENUE 43

RoBott Land C O M P A N Y H 34 New Home Projects

Verano | Cathedral City

ACTIVE PROJECT SUMMARY

PROJECT SIZE 329 Homes PRODUCT TYPE Detached, 1 & 2 Story, 4,500 – 6,500 sq. ft. Lot Sizes SOLD LOTS 99 REMAINING LOTS 230 NOTES SALES PACES FROM 8-10/MONTH! | UP TO HIGH $400K’S!

FLOOR PLAN SQ FT PRICE PRICE/SQ FT BED BATH PARKING LEVELS TYPE Cielo Place 1,185-1,694 $275,000 - $329,990 $232 - $194 2 - 4 2 - 3 2 1 - 2 DETACHED The Retreat 1,600-1,924 $300,000 - $356,000 $188 - $185 2 - 3 2 2 1 DETACHED Bella Sol 2,435-3,105 $413,000 - $459,000 $170 - $148 4 - 6 3 - 4 2 1 - 2 DETACHED

LOCATION MAP EXAMPLE FLOOR PLAN

VERANO

VERONA RD

AVE QUINTANA

RoBott Land H C O M P A N Y STONEWATER, 818 ACRES 35

Prado | Coachella

ACTIVE PROJECT SUMMARY SOLD OUT 7/2020 PROJECT SIZE 61 Homes PRODUCT TYPE Detached, 1 + 2 Story, 6,126 SF Lots SOLD LOTS 60 REMAINING LOTS 0 NOTES HOA $145 SALES UP TO $385K! | 6/MO. AVG!

FLOOR PLAN SQ FT PRICE PRICE/SQ FT BED BATH PARKING LEVELS TYPE 1 1,898 $312,000 $164 3 2 2 1 DETACHED 2 2,239 $376,000 $168 4 3 2 2 DETACHED 3 2,277 $385,000 $169 4 3 2 3 DETACHED

LOCATION MAP EXAMPLE FLOOR PLAN

GENESIS AVENUE 50 VAN BUREN ST FREDERICK ST

RoBott Land C O M P A N Y H 36 New Home Projects

Barcelona | Indio

ACTIVE PROJECT SUMMARY

PROJECT SIZE 134 Homes PRODUCT TYPE Detached, 7,996 Sq Ft SOLD LOTS 65 REMAINING LOTS 69 NOTES HOA $139 / Opened in 2019 SALES INTO MID-$400K’S | 6 SALES/MO. AVG

FLOOR PLAN SQ FT PRICE PRICE/SQ FT BED BATH PARKING LEVELS TYPE Residence 1 1,801 $369,990 $205 3 2 2 2 DETACHED Residence 2 2,087 $399,990 $191 3 2.5 2 2 DETACHED Residence 3 2,292 $417,990 $182 4 3 2 2 Residence 4 2,689 $433,990 $161 5 3.5 2 2 DETACHED

LOCATION MAP EXAMPLE FLOOR PLAN

BARCELONA

AVENUE 50 MONROE ST JACKSON ST

RoBott Land H C O M P A N Y STONEWATER, 818 ACRES 37

Four Seasons at Terra Lago | Indio

ACTIVE PROJECT SUMMARY

PROJECT SIZE 716 PRODUCT TYPE Detached, 3,500 SF (35 x 100) SOLD LOTS 440 REMAINING LOTS 276 NOTES HOA $220

FLOOR PLAN SQ FT PRICE PRICE/SQ FT BED BATH PARKING LEVELS TYPE Black Hill 1,559 $286,990 $184 2 2 2 1 DETACHED Fan Hill 1,706 $293,990 $172 2 2 2 1 DETACHED Fox Canyon 1,884 $300,990 $159 2 2 2 1 DETACHED Mecca Hills 2,166 $323,490 $149 2 2.5 2 1 DETACHED

LOCATION MAP EXAMPLE FLOOR PLAN

TERRA LAGO PKWY

FOUR

HARRISON ST SEASONS

AVENUE 44

RoBott Land C O M P A N Y H 05 INDIO OVERVIEW

COACHELLA MUSIC FESTIVAL Indio Overview STONEWATER, 818 ACRES 39

Area Attractions: East Coachella Valley

PALM DESERT 10

111 CSUSB, PALM DESERT CAMPUS UCR, PALM DESERT CAMPUS THE GOLF CLUB AT TERRA LAGO FANTASY SPRINGS RESORT SUBJECT SITE BERMUDA RANCHO DUNES MIRAGE SPOTLIGHT 29 CASINO

111 THE RIVER INDIAN WELLS TENNIS GARDEN JFK MEMORIAL HOSPITAL INDIAN INDIO COLLEGE OF THE DESERT WELLS 10 111 EL PASEO STAGECOACH MUSIC FESTIVAL

74 10 LA QUINTA RESORT & CLUB THE LIVING DESERT 86 ZOO & GARDENS COACHELLA IRONWOOD COUNTRY CLUB BIG HORN GOLF CLUB COACHELLA MUSIC FESTIVAL SILVERROCK RESORT

LA QUINTA AUGUSTINE CASINO

PALMS TO PINES 74 SCENIC HIGHWAY PGA WEST EMPIRE POLO CLUB

HITS THERMAL DESERT CIRCUIT

RoBott Land C O M P A N Y H 40 Indio Overview

INDIO A PLAN FOR SUCCESS BY JUDITH SALKIN, PHOTOGRAPHY BY CHRIS MILLER/IMAGINE IMAGERY

Mayor: Michael Wilson Ten years is often a defining point in any long-term plan And if you look at the city of Indio, Mayor Pro Team: Troy Strange the past 10 years have seen the Coachella Valley's oldest city raise itself up from the depths of Council Members: Lupe Ramos Watson, Glen Miller, Elaine Homes recession to being hailed as the No. 2 Top Emerging Travel Destination in the U.S. by Trivago in Year Incorporated: 1930 2017 and one of the Top 20 Best Cities for Young Families in California by nerdwallet.com in 2017 Website: www.indio.org for its "unparalleled quality of living." RoBott Land H C O M P A N Y STONEWATER, 818 ACRES 41

"There is a lot going on right now," said Mayor Mike Wilson recently, with a great deal of pride. "We are at the POPULATION forefront of a renaissance, and there is a lot of exciting stuff happening in the city."

Wilson noted that along with a growth spurt in terms of residents who require more housing within the city 89,127 TOTAL POPULATION: US CENSUS BUREAU QUICK FACTS limits, the city's north side is bursting with activity and new businesses, including a Fairfield Inn & Suites by Marriott, a Hampton Inn by Hilton, and a Golden Corral buffet restaurant that were prompted by the yearly influx of concert-goers for the Coachella Valley Music and Arts Festival and Stagecoach California's Country 1.62% Music Festival, which are held over three weekends in April at the Empire Polo Club, and a host of other ANNUAL GROWTH RATE events that are held in and around the City of Festivals.

For Mark Scott, who took office as City Manager in 2017, it's an exciting time to be part of the city's staff 33.7 MEDIAN AGE "I came into a situation with a staff and an established City Council who all work well together, who are all smart people that share the same goals," he says of the $10 million infrastructure improvement that includes median islands and public art pieces. EDUCATION

From Top: The new $30.9 million Richard R. Oliphant Elementary opened this fall for the new school year. Bottom: The Loma Linda 74% University Children's Health Center opened in the city's center in 2018 HIGH SCHOOL DIPLOMA and is already changing downtown's energy, with a rumored LLU Hospital in the works. 16% BACHELOR’S DEGREE 6.75 GRADUATE/PROFESSIONAL DEGREE

INCOME $79,526 AVERAGE HOUSEHOLD INCOME $48,219 MEDIAN HOUSEHOLD INCOME

ANNUAL EVENT ATTENDANCE 1.358 Million RoBott Land C O M P A N Y H 42 Indio Overview

City of Indio Overview

EMPLOYMENT The heart of India's business district has always been the small, filmmaking efforts. "The theaters are beautiful, and they're going independent businesses. To give a hand to the businesses along to be a rea I asset for the city," Scott says. the improved Highway 111 corridor and historic Indio Boulevard, 12.5% Another asset for the city is the Indio Police Department, which RETAIL Scott says "the city wants to offer facade and signage grants to has been under the command of Chief Mike Washburn for the give businesses the incentive to modernize." past two years. According to the chief, several of his personal 12.0% Just as important are the partnerships that Indio has built over goals - from more community-based policing to a new building ACCOMMODATION & FOOD SERVICES the past 10 years that have helped revitalize the city center, like that would house all of his officers and support staff- have begun College of the Desert, which is already working on a second to take shape over the past year. building, and Loma Linda University Children's Health Center that 11.0% The city has set a budget for the police facility and is now HEALTHCARE, SOCIAL ASSISTANCE opened in 2017 and is rumored to be the building block for an working on the design of the building, Washburn says. Seven LLU Hospital in the city. "They're both big players in changing the new sworn officers have been added to the ranks to include new city's downtown area," he says. 8.0% middle-management positions, which in the long run means a EDUCATIONAL SERVICES To plan for a growing and cohesive downtown, the city has sent more efficient and effective department. out a Request for Qualifications for a Master Development that Washburn created the Chief's Advisory Council, which consists will help shape a master plan for the city "We can't do this one 8.0% of business owners and residents, that has strengthened ties in ARTS, ENTERTAINMENT, RECREATION piece at a time," Scott says of the future of lndio's city center. the community. "Some of our greatest insights on what's going "This is the valley's fastest-growing city, and it is critical to our on in the city come from our business owners and residents," he development that we have a master plan to work from." 8.0% explains. "It is a richly diverse group that includes the former L.A. CONSTRUCTION While the city has lost big-box stores with the closures of Super County Crime Lab Director, a member of the 29 Palms Band of Target, Kmart, and Toys "R" Us over the past two years, both Scott Mission Indians, members of our faith-based community, and a 3.0% and Wilson say there are already plans to have those spaces filled. retired school district employee" AGRICULTURE, FORESTRY, FISHING, HUNTING "There are several possible tenants interested in the Super Target Getting out in the community has meant joining residents building, El Super grocery store is opening soon at the Kmart of the John Nobles Ranch neighborhood and other older location, and Burlington has already signed a lease to occupy the 2.5% neighborhoods in weekend clean-up projects "It shows the FINANCE, INSURANCE Toys "R" Us site," Scott says. residents that we're interested in really getting to know That includes a Golden Corral buffet restaurant. "It will be the first what's going on and investing some sweat equity into the 2.5% in the valley," says Scott. neighborhoods, not just policing the area," he says. REAL ESTATE, RENTAL, LEASING One of the largest new projects that Scott is excited about is the Mayor Michael Wilson has served on the City Council since 1995 Maya Cinemas multiplex theater. Moctesuma Esparza, CEO for and has worked to see the city come through the recession and 2.0% Maya Cinemas, is well-known for not only building and operating back to a robust economy that is fueled by thoughtful progress. PROFESSIONAL, SCIENTIFIC, TECH SERVICES theaters in Central Valley cities such as Fresno, Delano, Salinas, The city, he says, recently adopted the largest budget in its and Bakersfield, but also for helping young people in their RoBott Land history at $173 million, with $90 million in the General Fund and H C O M P A N Y STONEWATER, 818 ACRES 43

$12 million slated for local street repairs and upgrades "That's working toward is an open, mixed-use entertainment and space coincides with the city's as a place for families to shop, more money than we've spent in the past 10 years," Wilson lifestyle center with buildings of varying heights, park-like dine, and be entertained, complete with a space for a winter says, with the funds already on hand, some from the Measure walkways, and space for open air events and residential units ice rink. His concept includes a hotel, amphitheater, and X sales tax increase. on the city's back parcel. office space to complement the businesses and residents.

"We've had the county offices here for so long we're happy Working with Haagen has a distinct advantage for the city, "I want this to be a place to be dynamic and to spur on all to have the new [John Benoit] Detention Center and the says Wilson and Scott. The developer has already given some of Indio," Haagen says. "I want this space to be something 400 jobs it brings with it," he adds. As the second seat for long-overdue attention to the mall and is already looking for special- a place for tourists and residents, for events and for Riverside County, Indio's downtown also includes the Larson tenants for the project. families just to come to and have time together. And not just Justice Center and Riverside County Law Library. "The county for Indio; I want this to be a place that attracts people from For Haagen, who along with his grown children owns homes has always been a great partner for Indio," Wilson says. across the whole valley" in the city, the mall project is a natural fit. His vision for the And the activity and personnel that staff the county facilities "all support our local Middle: The Highway 111 corridor project, scheduled for completion in businesses," he added. November 2018, includes $10 million in infrastructure improvements such as median islands and public art pieces. One of the biggest pluses for the city is the recent purchase of the Indio Fashion Mall by Alex Haagen, who owns the Empire Polo Club that hosts the Coachella and Stagecoach festivals, along with a full polo season and numerous corporate and community events on the grounds. The Haagen family has a long history of building successful shopping malls throughout Southern California.

"About 20 years ago we talked to Mr. Haagen about purchasing the mall but that fell through," Wilson says Over the past two decades the mall has had absentee owners who were more interested in pulling money out of the property than developing it to its best possible use.

Haagen's purchase includes developing a 20-plusacre parcel behind the mall. The concept that the city and Haagen are RoBott Land C O M P A N Y H 44 Indio Overview

City of Indio Overview

Indio is the largest city in the Coachella Valley with a population of 82,398 (2014) that is hundreds of thousands of fans from both near and far to descend upon the area with an projected to grow to about 110,000 by 2035. Located within the golf capital of the world, economic impact of over $254M in the Valley. Indio’s location affords access to all the amenities of the resort lifestyle at your fingertips Indio had the highest existing home sales in Coachella Valley in 2013 (1,385 homes sold) - spa treatments, world-class shopping, and fine dining. Resort living starts at home and and through the first six months of 2014 (1,381 homes sold). Indio also had the highest vol- Indio has all the options from upscale Mediterranean villas, gated in privacy with your own ume of new home sales in Coachella Valley, with 197 new homes sold in 2013 and 466 new water ski lake, to Spanish and Santa Fe architecture for all buyers from first time, to moveup, homes sold in the first six months of 2014. The median price of homes and condos in Indio or for second homes. (new and resale) is up 23.92% from the previous year.

Quite literally, all signs lead to Indio. Whether actual freeway signs, billboard advertising, HEALTH CARE new homebuyers or the sheer pull of economic growth, Indio is the ultimate destination in Indio residents enjoy a comfortable climate year round, clean air, and an abundance of the Coachella Valley. Almost 200 new national and international businesses have estab- recreational facilities which makes it easy to live a healthy lifestyle. Nearby hospitals include lished themselves within Indio this past year. Many of those businesses are wellknown retail the JFK Hospital – just 3.3 miles from the subject site – and the Eisenhower Medical Center outlets attracting shoppers to the area and reinforcing Indio as the retail hub of the Valley. in Rancho Mirage. The JFK Memorial Hospital ranks among the top in the nation for joint Some of the boost can be attributed to the many events Indio is happy to accommodate, replacement, and the Eisenhower Medical Center was named one of the top 100 hospitals including internationally known Coachella and Stagecoach music festivals which cause in the nation in 2005.

Eisenhower Medical Center

RoBott Land H C O M P A N Y STONEWATER, 818 ACRES 45

Mountain Vista Golf Course

ECONOMY AMENITIES Over $350 million will be invested into Indio through public projects, thereby enhancing Espana is within close proximity to several restaurants, retail stores, golf courses, casinos, Indio’s economic base, spurring future development and increasing job opportunities in the hiking trails, and other entertainment locations. The subject site is within close proximity to region. Indio essentially employs the region by the sheer number of businesses in existence several first-class resorts and golf courses including the Golf Club at Terra Lago, Eagle Falls and the number of peopleworking in the community. Indio’s city leaders recognize the Golf Course, Mountain Vista Golf Course, Shadow Hills Golf Club, and Bermuda Dunes Coun- importance of enacting proactive, business-friendly policies and are always pushing toward try Club. The Fantasy Springs Resort Casino and Spotlight 29 Casino are also nearby. that end. Known as the “City of Festivals,” Indio is the home of 8 major annual festivals and a host of EMPLOYMENT CENTERS highly-acclaimed events that bring culture, music, sports, entertainment and a variety of Major employers in the area include Fantasy Springs Resort & Casino, Spotlight 29 Casino, cuisine to thousands of visitors each year. Desert Sands Unified School District, JFK Hospital, the County of Riverside, and local farms. RoBott Land C O M P A N Y H The Hoffman Company

Erik L. Christianson, Vice President DRE #01475105 T (949) 705-0920 • C (949) 910-7337 [email protected]

THE HOFFMAN COMPANY Coachella Valley Office 777 E Tahquitz Way, Suite 200 Palm Springs, California 92262 T (760) 969-7357 www.hoffmanland.com CA Corp ID #01473762

RoBott Land C O M P A N Y

Steve Botthof, Vice President DRE #01131793 T (310) 299-7574, ext. 101 C (310) 940-9111 [email protected]

ROBOTT LAND COMPANY INC. T (310) 299-7574 www.robottland.com NEARBY TERRA LAGO GOLF CLUB (INDIO) CA Corp ID #02002534