St. Clare Terrace MILWAUKEE, WI

OFFERING MEMORANDUM St. Clare Terrace

MILWAUKEE, WI

CONFIDENTIALITY AND DISCLAIMER

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

NON-ENDORSEMENT NOTICE

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. St. Clare Terrace MILWAUKEE, WI

TABLE OF CONTENTS

Section 1 PRICING AND FINANCIAL ANALYSIS

Section 2 PROPERTY DESCRIPTION

Section 3 RECENT SALES

Section 4 RENT COMPARABLES

Section 5 MARKET OVERVIEW

Section 6 DEMOGRAPHIC ANALYSIS

Section 7 MARKETING PLAN

Section 8 THE MARCUS & MILLICHAP ADVANTAGE PRICING AND FINANCIAL ANALYSIS

St. Clare Terrace MILWAUKEE, WI St. Clare Terrace MILWAUKEE, WI PRICING AND FINANCIAL ANALYSIS

OFFERING SUMMARY Quality Mix No. of Payer Average Residents Type Rate

48 Family Care $2,425

5 Private Pay $2,399

53 Total Comments The rates above are for 2016. The facility just received a $4 per day Family Care rate increase for 2017 which would put the average rate at $2,560 per resident. The Seller estimates a $78,000 annual increase revenue. Major Employers

Company Local Employees Price $4,290,000 Wheat Franc Healt St Franc 4,000 Price Per Unit $72,712 Midwest Air Group Inc 3,442 Price per Square Foot $78.98 St Luke's Medical Center Inc 3,148

Type of Care RCAC Miller Breweries East Inc 2,889

Total Units 59 Joy Global Surface Mining Inc 2,287 Milwaukee County Wisconsin 2,135 Unit Breakdown 59 One bedroom Units Clement J Zablocki Vamc 695 2,052 Total Square Feet 54,319 Aurora West Allis Medical Ctr 2,000 Occupancy - YE 2016 90.00% Business Information Solution 2,000

Occupancy - Pro Forma 97.00% Children's Hosp & Hlth Sys Inc 2,000 Children's Hosp of Wisconsin 1,900 Number of Buildings One Fortis Insurance Company 1,847 Number of Floors Four Stories

Year Built/Complete Renovated 1964 / 2000 Demographics

Lot Size 2.41 Acres 1-Mile 3-Miles 5-Miles 2014 Total 19,091 196,682 393,378 Population 2019 Total 19,312 198,273 396,569 Vital Data Population CAP Rate - YE 2016 4.47% 2014 Total 8,480 76,427 159,613 Households EGIM - YE 2016 2.77 2019 Total 8,592 77,224 161,951 Households EBITDA - YE 2016 $191,976 Median HH Income $45,480 $40,454 $40,537

CAP Rate - Pro Forma 6.97% Per Capita Income $25,463 $20,020 $22,084 (based on Total EGIM- Pro Forma 2.47 Population)

EBITDA - Pro Forma $298,908 Average (Mean) HH $56,802 $51,180 $53,658 Income

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc. © 2017 X0170005 Marcus & Millichap. All rights reserved. St. Clare Terrace MILWAUKEE, WI PRICING AND FINANCIAL ANALYSIS

UNIT MIX

Type of No. of Pro Forma Unit Approx. Avg. YE 2016 Avg. Pro Forma Care Units Units Type Square Rates Monthly Rates Monthly Feet Income Income RCAC 48 51 Family Care $2,425 $116,400 $2,560 $130,560

RCAC 5 6 Private Pay $2,399 $11,995 $2,399 $14,394

RCAC 6 2 Vacant $2,420 $14,520 $2,544 $5,088

59 59 TOTAL 54,319 $142,915 $150,042

QUALITY MIX TypeNo.No.ProUnitApprox.Avg.YEAvg.Pro RCAC596548596548592651TOTALVacantPrivateFamily54,319$2,420$2,399$2,425$142,915$14,520$11,995116,400$2,544$2,399$2,560$150,042$5,088$14,394$130,560 ofofofFormaPayCareTypeSquareRates2016RatesForma CareUnitsBedsBedsFeetMonthlyMonthly IncomeIncome

YE 2016 Pro Forma

Vacant: 8.62% Vacant: 3.39% Private Pay: 8.62% Private Pay: 10.17%

Family Care: 82.76% Family Care: 86.44%

Comments In 2017, the Family Care rate went up by $4 per day. The Seller estimates a $78,000 annual increase in revenue due to the Family Care rate increase. The Family Care Pro Forma rate reflects that increase.

INCOME AND EXPENSES

Per Per Unit Unit YE 2016 Pro Forma Resident Service Fees

Care & Service Rent $1,714,980 $29,067.46 $1,800,504 $30,517.02

Other Rent ($208) ($3.53)

GROSS POTENTIAL REVENUE $1,714,772 $29,063.93 $1,800,504 $30,517.02

Vacancy (% of GPR) 10.2% / $174,235 $2,953.14 3.4% / $61,056 $1,034.85

Other Revenue Miscellaneous $5,913 $100.22 Other $555 $9.41 Uncategorized Income $936 $15.86 TOTAL OTHER REVENUE $7,404 $125.49

ACTUAL REVENUE $1,547,941 $26,236.29 $1,739,448 $29,482.17

Total Expenses $1,355,965 $22,982.46 $1,440,540 $24,415.94

EBITDA $191,976 $3,253.83 $298,908 $5,066.23

Comments

EXPENSES

Per Per YE 2016 Unit Pro Forma Unit * Property Taxes $75,000 $1,271 Maintenance & Repairs $20,960 $355 $20,960 $355 Licenses & Permits $660 $11 $660 $11

Management (5% of GPI) $77,397 $1,312 $86,972 $1,474 Administrator $68,101 $1,154 $68,101 $1,154

Salaries & Wages $601,267 $10,191 $601,267 $10,191 Payroll Expenses $127,531 $2,162 $127,531 $2,162

Professional Fees $9,904 $168 $9,904 $168 Office Supplies $3,148 $53 $3,148 $53

Activities $372 $6 $372 $6 Building Supplies $36,678 $622 $36,678 $622

Housekeeping $4,036 $68 $4,036 $68 Laundry & Linens $5,032 $85 $5,032 $85

Dietary $156,199 $2,647 $156,199 $2,647 Advertising & Marketing $3,458 $59 $3,458 $59

Snow Removal $5,703 $97 $5,703 $97 Travel & Entertainment $39,810 $675 $39,810 $675

Equipment Rental $1,932 $33 $1,932 $33 Building Insurance $18,233 $309 $18,233 $309

Utilities $124,219 $2,105 $124,219 $2,105 Elevator $17,452 $296 $17,452 $296

Fire Protection & Inspection $5,623 $95 $5,623 $95 Medical $15,146 $257 $15,146 $257

Personal Care $961 $16 $961 $16 Miscellenous $12,143 $206 $12,143 $206

TOTAL EXPENSES $1,355,965 $22,982 $1,440,540 $24,416

% of GPI 88% 83%

EBITDA $191,976 $298,908

% of GPI 12% 17%

Comments

St. Clare is a tax exempt property. The $75,000 for property in taxes in the Pro Forma column is an estimated property based off of the Milwaukee County mill rate.

UNIT TYPES

Unit A: 354 sq. ft Unit A1: 490 sq. ft Unit B: 450 sq. ft Unit B2: 591 sq. ft One Bedroom with One Bath One Bedroom with One Bath One Bedroom with One Bath One Bedroom with One Bath

Unit E: 820 sq. ft One Bedroom with One Bath Unit B4: 402 sq. ft Unit C: 433 sq. ft One Bedroom with One Bath One Bedroom with One Bath

St. Clare Terrace MILWAUKEE, WI St. Clare Terrace MILWAUKEE, WI PROPERTY DESCRIPTION

INVESTMENT OVERVIEW

Investment Highlights

■ Complete Interior Building Rehab in 2000

■ Excellent Occupancy

■ Updated Common Area and Unit Finishes

■ Adjacent Skilled Nursing Facility

■ Strong Central Location

■ Proximity to Two Major Retail Corridors

■ Excess Land for Expansion / Addition

■ Five Minutes from Aurora St. Luke's Medical Center

St. Clare Terrace "The Facility" is a 59-unit Residential Care Apartment Complex (RCAC) located in the Alverno neighborhood of the City of Milwaukee (pop. 599,164), Wisconsin in Milwaukee County. St. Clare Terrace is situated southeast of Alvero College and the intersection of 43rd Street and Morgan Avenue. The general area contains abundant amenities including significant retail uses along both 27th Street and 43rd Street (Miller Park Way). The facility is 5 minutes from Aurora St. Luke's Medical Center, proximate to the VA Medical Center and adjacent to Sunrise Care Center (SNF). The property is located approximately 1 mile from Interstate 94/43 and Interstate 894, approximately 2 miles from General Mitchell International Airport and 8 miles from downtown Milwaukee.

The entire 4-story building, including lower-level, received a complete renovation and remodel in 2000. The renovation included all new units and common area finishes, new dining area with kitchen, new mechanicals (plumbing, boilers, electrical, roof), new elevator, new windows/doors, and new exterior concrete/paving.

The 54,315 square feet building contains a footprint of approximately 11,000 square feet situated on a 2.4 acre parcel. The size of the overall parcel and excess land would allow for significant future expansion to the current facility.

PROPERTY SUMMARY The Offering

Property St. Clare Terrace

Property Address 3553 South 41st Street Milwaukee, WI 53221 Assessor's Parcel Number 554-9994-121 Zoning RM1 Type of Care Assisted Living

Site Description Year Built/Complete Renovated 1964 / 2000 Number of Units 59 Unit Breakdown 59 One bedroom Units Number of Beds 59 Total Square Feet 54,319 Number of Buildings One Number of Stories Four Stories Lot Size 2.41 Acres Type of Ownership Fee Simple Parking Surface

Construction/Mechanical Foundation Concrete Framing Concrete Exterior Concrete / Masonry Exterior Condition Average-Good Parking Surface Asphalt Roof Flat, Rubber Membrane Elevator 2 5-stop elevators HVAC Hot Water Boiler

Systems Fire Protection Full Sprinkler

AMENITIES

Common Area Amenities

■ Dining Room with Full Commercial Kitchen open to Courtyard ■ Spacious Chapel

■ Spa & Multi-Chair Hair Salon

■ Two Five-stop Elevators

■ Landscaped Courtyard / Patio Area

Unit Amenities

■ Refrigerator

■ Microwave

■ Private Bedroom / Bathroom

■ A/C Unit

■ Cable Television

PROPERTY PHOTOS

AREA MAPS

Local Map Regional Map

GARDEN LEVEL

FIRST FLOOR

SECOND FLOOR

THIRD / FOURTH FLOOR

CONCEPTUAL DRAWING

AERIAL PHOTO

RETAIL AERIAL PHOTO

MILWAUKEE COUNTY GIS MAP

St. Clare Terrace Parcel #: 554-9994-121 59 RCAC Units 2.41 Acres

54,319 GBA

St. Clare Terrace MILWAUKEE, WI St. Clare Terrace MILWAUKEE, WI MARKET OVERVIEW

MILWAUKEE Market Highlights Diversifying economy ■ The region supports an increasing number of healthcare and technology companies.

Healthy presence of large-scale firms ■ There are seven Fortune 500 firms located in the metro. Educated labor pool ■ Nearly 62 percent of residents age 25 and older have some college education, and approximately 32 percent have earned a bachelor’s degree or higher.

Geography Located in the southeastern portion of Wisconsin, the Greater Milwaukee area is positioned on the shore of Lake Michigan at the confluence of the Menomonee, Kinnickinnic and Milwaukee rivers. The area’s topography consists of gently rolling terrain and fertile soil, which has historically supported a significant agricultural base. While Lake Michigan serves as a natural barrier to the east, the region’s supply of land is plentiful, and barriers to entry are few. As a result, commercial and residential development will continue to expand.

Milwaukee-Waukesha-West Allis Metro

MILWAUKEE Metro The Milwaukee metro encompasses Milwaukee, Ozaukee, Washington and Waukesha counties and spans 1,500 square miles. The metro is home to nearly 1.6 million residents, with around 603,700 living in the city of Milwaukee. Waukesha and West Allis are the most populated suburban cities.

Largest Cities in Metro by Population Milwaukee 603,700 Wauwatosa 47,000 Infrastructure Waukesha 71,400 New Berlin 40,200 Milwaukee is served by Interstate 94, which links the West Allis 61,300 Brookfield 38,200 city with Chicago, and Interstate 43, which leads north to Green Bay. In addition, Interstate 794 and Interstate Airports 894 circle the city. ■ General Mitchell International Airport ■ Timmerman Field

General Mitchell International Airport, south of Major Roadways downtown Milwaukee, provides air service to more than ■ I-94, I-43, I-794, I-894 ■ U.S. 18, U.S. 41, U.S. 45 50 cities and handles more than 6 million passengers per year. Rail ■ Freight - Union Pacific, Canadian Pacific railroads The Port of Milwaukee is directly joined to the Great ■ Passenger - Amtrak ■ Proposed high-speed rail line Lakes-St. Lawrence Seaway System for ocean shipping and to New Orleans via the Mississippi River for inland Port barge service. The port is serviced by the Union Pacific ■ Port of Milwaukee and Canadian Pacific railroads and has easy interstate The Milwaukee Metro is: access. The Milwaukee Intermodal Station connects the ■ 75 miles from Madison ■ 85 miles from Chicago region to Amtrak, Greyhound Lines and Jefferson Lines, ■ 250 miles from Detroit while the Milwaukee County Transit System ■ 295 miles from Minneapolis accommodates commuters with bus service.

* Forecast Sources: Marcus & Millichap Research Services, U.S. Census Bureau, Experian

MILWAUKEE Economy Private business underpins Milwaukee’s economy, with manufacturing at its core. This year, the metro’s GMP is expected to increase more than 2.5 percent, with retail sales also rising.

Local policymakers and public institutions have begun to pull away from old-line manufacturing industries and place greater importance on high-growth technical industries by providing incentives to attract and retain thesebusinesses.MilwaukeecompaniesontheFortune 500 list now range from manufacturing to insurance and retail. The local economy has diversified into other critical industries such as data processing, insurance, mutual funds and printing.

Manufacturing, which accounts for 14 percent of the region's employment, produces an annual output in excess of $20 billion. The diversification from traditional old-line manufacturing into health services and technology has placed a greater emphasis on skill sets in the health sciences, high-tech research and biotech components of the region’s economy. The area’s top three healthcare businesses — GE Healthcare, Aurora Health Care and Wheaton Franciscan Healthcare — will be a driving force in this industry and provide more high-tech jobs in the coming years.

* Forecast Sources: Marcus & Millichap Research Services, Bureau of Economic Analysis, Moody's Analytics, U.S. Census Bureau, Fortune

MILWAUKEE Labor The local economy has nearly 850,000 jobs, employed by more than 60,000 establishments throughout the four- county region. While manufacturing has been the historical pillar of the local economy, Milwaukee’s constant quest for diversification continues to redefine the skills and makeup of its labor pool. Manufacturing is now the fourth-largest employment sector in the metro, with just under 120,000 positions, or 14 percent of total jobs.

The largest percentage of area jobs is now provided by the education and health services sector. Employment in this industry has reached a level of 155,400 positions, or 18 percent of total employment. As the population ages and demand for health services increases, employment growth in this sector is expected to average 2.1 percent annually through 2019.

With 17 percent of metro employment, the trade, transportation and utilities segment is the second-largest regional provider of jobs. Growth in this sector is forecast to average 0.7 percent annually through 2019. Aside from education and health services, the most significant employment gains during this period are projected to be in the construction, and professional and business services sector, which are expected to grow by an annualized rate of 3.6 percent and 1.9 percent, respectively.

* Forecast Sources: Marcus & Millichap Research Services, BLS, Moody's Analytics

MILWAUKEE Employers Milwaukee employers benefit from access to a well- educated labor pool and supportive public policies. Wisconsin’s business taxes are lower than the regional average, and the state’s capital gains exclusion significantly helps small businesses.

Led by Harley-Davidson, Rockwell Automation and GE Healthcare, thousands of manufacturers have operations in the Greater Milwaukee area. The region’s finance and Major Employers insurance industry consists of thousands of firms that Aurora Health Care, Inc. employ nearly 53,000 people. Northwestern Mutual Wheaton Franciscan Healthcare and Robert W. Baird & Co. house corporate Quad/Graphics, Inc. headquarters in the area. Medical College of Wisconsin GE Healthcare

Education and health services, which has become the Columbia St. Mary’s We Energies largest provider of jobs in the Milwaukee metro, Kohl’s Department Stores employs more than 155,000 residents. Large employers Northwestern Mutual in this sector include Aurora Health Care, Wheaton Rockwell Automation Franciscan Healthcare, and the Medical College of Wisconsin. Technology firms have also been a growth driver. Companies such as Fiserv, a world leader in the facilitation of electronic transactions and online banking, have been well supported by the Wisconsin Information Technology Leadership Association.

Some of Milwaukee’s major employers in the trade, transportation, and utilities sector include We Energies, Kohl’s Department Stores, SC Johnson and AT&T.

* Forecast Sources: Marcus & Millichap Research Services, BLS, Moody's Analytics, Experian

MILWAUKEE Demographics The Greater Milwaukee area is home to nearly 1.6 million people. As in many other Midwestern and Northeastern metropolitan areas, the ongoing population shifts from north to south continue to challenge the Milwaukee region. Since the mid-1990s, population growth has lagged the national average due in large part to outmigration. Recent capital investment in the city of Milwaukee’s infrastructure, however, has spurred significant development of condos, lofts and apartments downtown, which is attracting more residents to the city.

The area’s median household income, at approximately $52,600 per year, is slightly above the national level. The wealthiest communities are found in Ozaukee County, located along the Lake Michigan shoreline in the northern portion of the metro.

The region’s population is aging: 13 percent of the population is age 65 or older and the median age is 37.1 years, near that of 37.4 years for the nation. Many residents have lived in the area for a long time, and 60.7 percent of residents own their homes.

More than 32 percent of people over the age of 25 have obtained at least a bachelor’s degree. This well-educated workforce helps attract businesses to the area.

* Forecast Sources: Marcus & Millichap Research Services, AGS, Experian, Moody's Analytics, U.S. Census Bureau

MILWAUKEE Quality Of Life Milwaukee has a history steeped in middle-class values and ethnic diversity. The region’s favorable quality of life is underpinned by its access to a number of cultural, entertainment, and outdoor recreational activities, and its location along the shores of Lake Michigan.

Milwaukee’s tourism and cultural infrastructure includes the Milwaukee Brewers (MLB), Milwaukee Bucks (NBA), River Walk, Miller Park, the Wisconsin Center and the Milwaukee Art Museum’s Calatrava- designed addition. Tourism now contributes more than $4.6 billion annually to the local economy, highlighted by the world’s largest outdoor music festival, Summerfest, which draws nearly 1 million people to the lakefront each year.

Furthermore, Milwaukee supports performing arts groups; it has a symphony orchestra, ballet company, opera company, dance troupes and theaters. Visitors and locals alike enjoy the Milwaukee Public Museum, Milwaukee Art Museum, Discovery World at Pier Wisconsin and the Milwaukee Zoo.

Opportunities for advanced education in the Milwaukee metropolitan area are available at numerous colleges, universities and technical schools, including Marquette University and the University of Wisconsin-Milwaukee.

* Forecast Sources: Marcus & Millichap Research Services, Experian, National Association of Realtors®, Moody's Analytics

The information contained in the market overview comes from sources deemed to be reliable, however, no representation, warranty or guarantee, express or implied, may be made as to the accuracy or reliability of the information contained herein. The most timely data available at time of production, including estimates and forecasts, were used and may be subject to revision.

St. Clare Terrace MILWAUKEE, WI St. Clare Terrace MILWAUKEE, WI DEMOGRAPHIC ANALYSIS

DEMOGRAPHIC REPORT 1 Mile 3 Miles 5 Miles 2000 Population 17,210 183,670 377,990 2010 Population 18,681 193,927 387,864 2014 Population 19,091 196,682 393,378 2019 Population 19,312 198,273 396,569

2000 Households 8,005 74,542 153,754 2010 Households 8,263 74,962 156,483 2014 Households 8,480 76,427 159,613 2019 Households 8,592 77,224 161,951

2014 Average Household Size 2.26 2.55 2.39

2014 Daytime Population 6,332 55,543 182,534

2000 Owner Occupied Housing Units 56.19% 53.01% 49.55% 2000 Renter Occupied Housing Units 40.73% 42.44% 45.00% 2000 Vacant 3.08% 4.55% 5.45%

2014 Owner Occupied Housing Units 55.85% 52.76% 49.77% 2014 Renter Occupied Housing Units 44.15% 47.24% 50.23% 2014 Vacant 3.22% 5.04% 5.66%

2019 Owner Occupied Housing Units 55.88% 52.59% 49.47% 2019 Renter Occupied Housing Units 44.12% 47.41% 50.53% 2019 Vacant 3.28% 5.13% 5.76%

$ 0 - $14,999 12.1% 14.8% 16.6% $ 15,000 - $24,999 11.9% 14.1% 13.7% $ 25,000 - $34,999 15.1% 14.1% 13.1% $ 35,000 - $49,999 15.6% 16.6% 15.5% $ 50,000 - $74,999 21.2% 19.8% 19.1% $ 75,000 - $99,999 11.7% 10.9% 10.8% $100,000 - $124,999 6.4% 5.4% 5.8% $125,000 - $149,999 3.0% 2.2% 2.5% $150,000 - $199,999 2.0% 1.2% 1.8% $200,000 - $249,999 0.5% 0.4% 0.5% $250,000 + 0.7% 0.4% 0.7%

2014 Median Household Income $45,480 $40,454 $40,537 2014 Per Capita Income $25,463 $20,020 $22,084

2014 Average Household Income $56,802 $51,180 $53,658

SUMMARY REPORT

Geography: 5 miles Population

In 2014, the population in your selected geography is 393,377. The population has changed by 4.07% since 2000. It is estimated that the population in your area will be 396,568 five years from now, which represents a change of 0.81% from the current year. The current population is 49.68% male and 50.31% female. The median age of the population in your area is 33.9, compare this to the Entire US average which is 37.3. The population density in your area is 4,997.73 people per square mile.

Households There are currently 159,612 households in your selected geography. The number of households has changed by 3.81% since 2000. It is estimated that the number of households in your area will be 161,951 five years from now, which represents a change of 1.46% from the current year. The average household size in your area is 2.39 persons.

Income In 2014, the median household income for your selected geography is $40,536, compare this to the Entire US average which is currently $51,972. The median household income for your area has changed by 9.31% since 2000. It is estimated that the median household income in your area will be $48,389 five years from now, which represents a change of 19.37% from the current year.

The current year per capita income in your area is $22,084, compare this to the Entire US average, which is $28,599. The current year average household income in your area is $53,658, compare this to the Entire US average which is $74,533.

Race & Ethnicity The current year racial makeup of your selected area is as follows: 71.32% White, 8.79% Black, 0.04% Native American and 3.37% Asian/Pacific Islander. Compare these to Entire US averages which are: 71.60% White, 12.70% Black, 0.18% Native American and 5.02% Asian/Pacific Islander.

People of Hispanic origin are counted independently of race. People of Hispanic origin make up 27.17% of the current year population in your selected area. Compare this to the Entire US average of 17.13%.

Housing In 2000, there were 80,573 owner occupied housing units in your area and there were 73,180 renter occupied housing units in your area. The median rent at the time was $468.

Employment In 2014, there are 182,533 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed that 54.74% of employees are employed in white-collar occupations in this geography, and 45.23% are employed in blue-collar occupations. In 2014, unemployment in this area is 7.37%. In 2000, the average time traveled to work was 23.2 minutes.

POPULATION DENSITY

Number of people living in a given area per square mile.

EMPLOYMENT DENSITY

The number of people employed in a given area per square mile.

AVERAGE HOUSEHOLD INCOME

Average income of all the people 15 years and older occupying a single housing unit.

TRAFFIC COUNTS

OFFERING MEMORANDUM

Offices Throughout the U.S. and Canada www.MarcusMillichap.com