Spectacular Portfolio $6,800,000 for Sale: 8 Mobile Home Parks Minimum Bid Northern Maine $3,900,000 Aroostook County

Spectacular Portfolio $6,800,000 For Sale: 8 Mobile Home Parks Minimum Bid Northern Maine $3,900,000 Aroostook County

• 371 Pads • 60 Homes • 3 Houses • 20 Unit Motel

Riverside Motor Court Loring Woods MHP Houlton Mobile Home Park Presque Isle MHP • 160 Acres 26 Pads, 18 Motel units, and 3BD 54 pads 55 Pads 85 Pads

Contact: Tony Brettkelly +1 (650) 218-1995 [email protected] Caribou Stream Trailer Park Casey’s Trailer Park Salmon Brook MHP West Gate MHP 38 Pads 13 Pads 28 Pads 72 Pads FOR SALE - 8 Mobile Home Parks

Portfolio Overview:

• Tremendous upside - value add opportunity • All infrastructure in place • 50 homes onsite ready to be renovated • Enormous supply constraint of affordable housing in Northern Maine • Captured market with clustered properties and economies of scale • Very low entry price per unit • Opportunity zone • 8 Parks • Some seller financing • 371 Pads • Wonderful part of America Contact: • 60 Homes • Most Parks have a river or creek alongside Tony Brettkelly • 3 Houses • Out of state owner +1 (650) 218-1995 • 20 Unit Motel • Operations easily transferable [email protected] • 160 Acres Table of Contents 1. Portfolio Overview 2. Location Map 3. Portfolio Financials 4. Capital Improvement 5. Future Projects 6. Inventory of Vacant Homes 7. Northern Maine Overview 8. Maine Portfolio Estimates 9. Riverside Motor Court - Caribou 10. Loring Woods - Limestone 11. Houlton Mobile Home Park - Houlton 12. Caribou Stream Mobile Home Park - Caribou 13. Casey’s Mobile Home Park - Ashland 14. Salmon Brook - Washburn 15. Presque Isle Mobile Home Park - Presque Isle 16. West Gate Mobile Home Park - Limestone 17. Rent Rolls Provided Upon Request LOCATION MAP

Properties

1. Riverside Motor Court-

563 Access Hwy, Caribou, ME 04736 1 2 2. Loring Woods Mobile Home Park- 8 4 149 Loring Commerce Rd Limestone, ME 04750 1 2 6 3. Houlton Mobile Home Park- 6 4

89 Old Woodstock Rd. Houlton Maine 04730 5 7 7 4. Caribou Stream Mobile Home Park- New Brunswick, Canada 5 320 Washburn Rd. Lot 2 Caribou Maine 04736

5. Casey’s Mobile Home Park- Maine, United States 1 Casey’s Trailer Park Ashland Maine 04732

6. Salmon Brook Mobile Home Park-

41 Brookside Circle Washburn Maine 04786 8 Mobile Home Parks Includes: 7. Presque Isle Mobile Home Park- • 371 Pads 38 Jordan St. Presque Isle Maine 04769 • 60 Mobile Homes 3 • 3 Houses 3 8. West Gate Mobile Home Park- • 1 Motel with 20 units

188 West Gate Rd. Caribou Maine 04736 • 160 Acres

Capital Improvements/ Assets Spring 2020 Projects

• Presque Isle MHP/Houtlon MHP - completion of (2) steel buildings • Repair and replacement of potable water lines and septic infrastructure upgrade at Loring Woods MHP, Westgate MHP and Riverside MHP; $25,000 • Completion and lease up of over 30 homes at an average lease of $595 - $725 per month revenue • Kick off purchase of additional 30-50 additional homes for inventory /2020 /2021 /2022

• Expecting to reach $750,000 in Revenues by 2021/2022 • Expecting to reach NOI of $400k by 2021/2022 • Continue with the full turn around of the properties Current Inventory of Vacant Homes

• Houlton MHP- (12) mobile homes • Caribou Stream MHP - (1) 2br House , (2) mobile homes • Loring Woods MHP - (5) Mobile Homes • Riverside Inn and Park - (8) vacant motel rooms and (16) mobile homes; (3) to move to PI Park; (3) in queue for purchase • Casey’s - (2) mobile homes; (2) in queue for purchase • Presque Isle MHP - (1) mobile home Northern Maine Overview

Demographics/ County Overview: • 6th Largest County by Population(67,653) in Maine out of 16 counties

• Median houshold income: $39,021 as of 2013-2017, (in 2017 dollars)

• Median age is 46.9 years young

• Median Value of owner-occupied housing units, 2013-2017: $97,000

County Facts: • Incorporated March 16, 1839. • Population is 5.4% of the State’s total population. • Aroostook is named for an Indian word meaning “beautiful river” • Contains 2 cities, 55 towns, 11 plantations, and 110 unorganized townships. • Aroostook County is larger than Connecticut and Rhode Island combined. Riverside Motor Court 563 Access Highway Caribou, ME, 04736, United States

Overview:

• 26 pads, 18 Motel units and 3br unit conveniently located on the 89 in Caribou and close proximity to Limestone • Pads available from $200 per month • Newly renovated Homes from $650 per month and units from $550 per month • Parks Including Playground and Clubhouse coming soon • Very friendly community and supportive staff • Handy to 89, town of Caribou and Limestone • Come Live with Us! Riverside Motor Court 563 Access Highway Caribou, ME, 04736, United States

Riverside Motor Court

5 Minute Drive to Caribou Caribou Municipal Airport Caribou Skyway Plaza Shopping Center

Hannaford Supermarket and Aroostook River Pharmacy Caribou High School Caribou

1 Riverside Motor Court 563 Access Highway Caribou, ME, 04736, United States

Acreage of the Park: 10 Acres Age of the Park 18 Years PADS: How many pads? 26

How many homes on concrete pads? 1 Located at Lot 26 How many homes on gravel pads? 0 How many pads currently vacant? 20 What kinds of pads are available? Hard Pack Dirt Water Type (Private or Public) Private Type and size of supply lines? 1” up to code when installed Sewer type: (Public or Private) Private/Septic What kind of well is it? Drilled Is the main water line cast iron or others? Others Roads: (Private, town approved, paved, gravel) Private, Gravel Hardpack Are the roads in the park maintained by the park? Yes Are individual driveways maintained by the park? Yes as needed Is snow plowing and sanding of driveways the responsibility of the park own- Yes ers? Electricity: Who pays for the street lights in the park? Owner What type of electrical meters servicing each pad? 100 Amps How many are fuses? 0 How many are circuit breakers? 100 Is there a long term utility company? No Riverside Motor Court 563 Access Highway Caribou, ME, 04736, United States

Miscellaneous: Has the Maine Manufacturing Housing Board cited the MHP for any vio- Yes and were corrected. lations as a result of their annual inspection and/or complaints from park tenants? Are there any buried oil tanks in the park? None to Seller’s Knowledge How many sites have oil tanks? Only the occupied sites Does the current owner provide trash removal for each site? Yes - Dumpster How many vehicles are allowed to park on each site? 2 Are dogs allowed in this park? Yes Are there rules and refulations for this park? Yes Can you provide rent roll inclusive to the name of the tenants and length Yes of occupancy? Are there litigations currently pending? No To your knowledge, are there environmental issues factored inot the No relative value of the park? Are copies of the sumbitted IRS schedule E statements available for the Yes last three years? Is there an age limit to the admission to the park? No Are older mobile homes allowed to enter this park? The old units are in the process of being removed How many of the mobile homes are owned by the Park owner? 2 Are not being removed What has been the occupancy rate of this park? Looking at trends, do you anticipate further increases in this rate? Loring Woods Mobile Home Park 149 Loring Commmerce Limestone, ME 04750

Overview:

• 54 pads located in a beautiful woodsy community 5 minutes from the town of Limestone • Pads available from $200 per month • Newly renovated Homes from $650 per month • FREE MOVE AND FREE RENT SPECIALS NOW AVAILABLE • Very friendly community and supportive staff • Handy to 89, schools, downtown, hospital and restaurants • Parks Including Playground and Clubhouse coming soon Loring Woods Mobile Home Park 149 Loring Commmerce Limestone, ME 04750

Aroostook National 1 Loring Woods Wildlife Refugee Country Club

Loring Woods Aroostook Band of Mimac Trust Land

15 Min to Caribou

89 89

Chuch Of Advent

Limestone Maine School of Science and Math- ematics Loring Woods Mobile Home Park 149 Loring Commmerce Limestone, ME 04750

Acreage of the Park: 37 Age of the Park 1960+/- Is there additional land abutting this property that could supply potential park Yes, the Sellers own a separate 60 acres parcel and a growth/expansion in the future? separate single family home that will be included with the park at the price listed. PADS: How many pads? How many pads? 52 How many homes on concrete pads? 0 How many homes on gravel pads? 0 How many pads currently vacant? 44 Water Type (Private or Public) Private Type and size of supply lines? 1’’ Sewer type: Is the Sewer Public or Private Private Roads: (Private, town approved, paved, gravel) Private, Gravel Hardpack Are the roads in the park maintained by the park? Yes Are individual driveways maintained by the park? Yes Is snow plowing and sanding of driveways the responsibility of the park own- Yes ers? Electricity: What type of electrical meters servicing each pad? 100 amps How many are fuses? 0 How many are circuit breakers? All Who pays for the street lights in the park? Owner Loring Woods Mobile Home Park 149 Loring Commmerce Limestone, ME 04750

Miscellaneous: Has the Maine Manufacturing Housing Board cited the MHP for any vio- Yes and were corrected lations as a result of their annual inspection and/or complaints from park tenants? Are there any buried oil tanks in the park? None to Seller’s knowledge How many sites have oil tanks? Only the occupied sites Does the current owner provide trash removal for each site? Yes - Dumpster How many vehicles are allowed to park on each site? 2 Are dogs allowed in this park? Yes Are there rules and refulations for this park? Yes Can you provide rent roll inclusive to the name of the tenants and length Yes of occupancy? Are there litigations currently pending? Yes To your knowledge, are there environmental issues factored inot the No relative value of the park? Are copies of teh sumbitted IRS schedule E statements available for the Yes last three years? Is there an age limit to the admission to the park? No Are older mobile homes allowed to enter this park? The old units are in the process of being removed How many of the mobile homes are owned by the Park owner? 3 Not being removed Can you provide a copy of the bylaws of the park? Yes Looking at trends, do you anticipate further increases in this rate? Houlton Mobile Home Park 89 Old Woodstock Road Houlton, ME, 04730, United States

Overview:

• 55 pads located in a beautiful woodsy community 5 minutes from Downtown Houlton • Pads available from $260 per month • Newly renovated Homes from $650 per month • FREE MOVE AND FREE RENT SPECIALS NOW AVAILABLE • Very friendly community and supportive staff • Handy to I 95, schools, downtown, hospital and restaurants • Parks Including Playground and Clubhouse coming soon Houlton Mobile Home Park 89 Old Woodstock Road Houlton, ME, 04730, United States

Loring Woods Country Club

Houlton Plaza Shopping Center

Houlton Regional Hospital

United States 2 Postal Service Community Park 2 Houlton High School Houlton MHP

Houlton 2 2 1

Meduxnekeag River Houlton Mobile Home Park 89 Old Woodstock Road Houlton, ME, 04730, United States

Acreage of the Park: Age of the Park Is there additional land abutting this property that could supply potential park Yes growth/expansion in the future? PADS: How many pads? 56 How many homes on concrete pads? 0 How many homes on gravel pads? 26 How many pads currently vacant? 30 How many houses? 0 Water Type (Private or Public) Private Type and size of supply lines? Sewer type: (Public or Private) Public Can you provide mapping locations of pumping stations and leaching fields? Roads: (Private, town approved, paved, gravel) Are the roads in the park maintained by the park? Yes Are individual driveways maintained by the park? No Is snow plowing and sanding of driveways the responsibility of the park own- No ers? Electricity: Is electricity provided by the owner? No What type of electrical meters servicing each pad? How many are fuses? How many are circuit breakers? Who pays for the street lights in the park? Owner Houlton Mobile Home Park 89 Old Woodstock Road Houlton, ME, 04730, United States

Miscellaneous: Has the Maine Manufacturing Housing Board cited the MHP for any vio- NO lations as a result of their annual inspection and/or complaints from park tenants? Are there any buried oil tanks in the park? NO How many sites have oil tanks? 0 Does the current owner provide trash removal for each site? Yes How many vehicles are allowed to park on each site? One Are dogs allowed in this park? No Are there rules and refulations for this park? Yes Can you provide rent roll inclusive to the name of the tenants and length Yes of occupancy? Are there litigations currently pending? No To your knowledge, are there environmental issues factored inot the Yes PFAS Contaminant relative value of the park? Are copies of teh sumbitted IRS schedule E statements available for the last three years? Is there an age limit to the admission to the park? No Are older mobile homes allowed to enter this park? Yes How many of the mobile homes are owned by the Park owner? 20 What has been the occupancy rate of this park? % Looking at trends, do you anticipate further increases in this rate? Yes Caribou Stream Mobile Home Park 563 Access Highway, Caribou, Maine 04736

Overview:

• 38 pads located on Washburn Road in a beautiful open area alongside a brook and nature. Just 5 minutes from Downtown Caribou • Pads available from $200 per month • Newly renovated Homes from $650 per month • FREE MOVE AND FREE RENT SPECIALS NOW AVAILABLE • Very friendly community and supportive staff • Easy access on Washburn Rd just minutes from Presque Isle • Handy to I 95, schools, downtown, hospital and restaurants • Parks Including Playground and Clubhouse coming soon Caribou Stream Mobile Home Park 563 Access Highway, Caribou, Maine 04736

Caribou Municipal Airport Downtown Mall Shopping Center

Skyway Plaza Shopping Center

Hannaford Super Market Cairbou High School Caribou 1 Sweden Street Plaza Shopping Center Tim Hortons

Aroostook River

1 Caribou Stream Caribou Stream Mobile Home Park 563 Access Highway, Caribou, Maine 04736

Acreage of the Park: Age of the Park Is there additional land abutting this property that could supply potential park No growth/expansion in the future? PADS: How many pads? How many homes on concrete pads? 0 How many homes on gravel pads? How many pads currently vacant? How many houses? One Water Type (Private or Public) Type and size of supply lines? Private Sewer type: (Public or Private) Can you provide mapping locations of pumping stations and leaching fields? Yes Roads: (Private, town approved, paved, gravel) Are the roads in the park maintained by the park? Yes Are individual driveways maintained by the park? No Is snow plowing and sanding of driveways the responsibility of the park own- Yes ers? Electricity: Is electricity provided by the owner? No What type of electrical meters servicing each pad? How many are fuses? How many are circuit breakers? Who pays for the street lights in the park? Owner Caribou Stream Mobile Home Park 563 Access Highway, Caribou, Maine 04736

Miscellaneous: Has the Maine Manufacturing Housing Board cited the MHP for any vio- No lations as a result of their annual inspection and/or complaints from park tenants? Are there any buried oil tanks in the park? No How many sites have oil tanks? Just the house Does the current owner provide trash removal for each site? No How many vehicles are allowed to park on each site? One Are dogs allowed in this park? No Are there rules and refulations for this park? Yes Can you provide rent roll inclusive to the name of the tenants and length Yes of occupancy? Are there litigations currently pending? No To your knowledge, are there environmental issues factored inot the No relative value of the park? Are copies of teh sumbitted IRS schedule E statements available for the last three years? Is there an age limit to the admission to the park? No Are older mobile homes allowed to enter this park? Yes How many of the mobile homes are owned by the Park owner? Two What has been the occupancy rate of this park? % Looking at trends, do you anticipate further increases in this rate? Yes definitely Casey’s Mobile Home Park 1 Caseys Trailer Park Lot 18, Ashland, ME 04732

Overview:

• 13 pads - stunning location across the river from the beautiful village of Ashland surrounded by woods • Pads available from $150 per month • Newly renovated Homes from $495 per month • FREE MOVE AND FREE RENT SPECIALS NOW AVAILABLE • Very friendly community and supportive staff • Just 20 minutes from Presque Isle • Handy to Ashland, schools • Parks Including Playground and Clubhouse coming soon Casey’s Mobile Home Park 1 Caseys Trailer Park Lot 18, Ashland, ME 04732

Northern Maine Washburn Woods Wade

Castle Hill North Plaza Shopping Center

Mapleton Presque Isle

Ashland Northern Maine Chapman Museum of Science Casey’s Mobile Home Park Easton

Ashland District School 1

Scopan Lake 1 Casey’s Mobile Home Park 1 Caseys Trailer Park Lot 18, Ashland, ME 04732

Acreage of the Park: 4 Age of the Park Is there additional land abutting this property that could supply potential park Yes growth/expansion in the future? PADS: How many pads? 13 How many homes on concrete pads? 0 How many homes on gravel pads? How many pads currently vacant? 1 How many houses? 2 Water Type (Private or Public) Public Type and size of supply lines? Sewer type: (Public or Private) Public Can you provide mapping locations of pumping stations and leaching fields? Yes Roads: (Private, town approved, paved, gravel) Are the roads in the park maintained by the park? Yes Are individual driveways maintained by the park? No Is snow plowing and sanding of driveways the responsibility of the park own- No ers? Electricity: Is electricity provided by the owner? No What type of electrical meters servicing each pad? How many are fuses? How many are circuit breakers? Who pays for the street lights in the park? Owner Casey’s Mobile Home Park 1 Caseys Trailer Park Lot 18, Ashland, ME 04732

Miscellaneous: Has the Maine Manufacturing Housing Board cited the MHP for any vio- No lations as a result of their annual inspection and/or complaints from park tenants? Are there any buried oil tanks in the park? No How many sites have oil tanks? 0 Does the current owner provide trash removal for each site? No How many vehicles are allowed to park on each site? One Are dogs allowed in this park? No Are there rules and refulations for this park? Yes Can you provide rent roll inclusive to the name of the tenants and length Yes of occupancy? Are there litigations currently pending? No To your knowledge, are there environmental issues factored inot the No relative value of the park? Are copies of teh sumbitted IRS schedule E statements available for the last three years? Is there an age limit to the admission to the park? No Are older mobile homes allowed to enter this park? Yes How many of the mobile homes are owned by the Park owner? Two What has been the occupancy rate of this park? Looking at trends, do you anticipate further increases in this rate? Yes definitely Salmon Brook Mobile Home Park Lot 11, Brookside Cir Washburn, ME, United States

Overview:

• 28 pads located in a beautiful open community 5 minutes from the town of Washburn • Pads available from $200 per month • Newly renovated Homes from $650 per month • FREE MOVE AND FREE RENT SPECIALS NOW AVAILABLE • Very friendly community and supportive staff • Handy to Washburn Road, schools and Town • Parks Including Playground and Clubhouse coming soon Salmon Brook Mobile Home Park Lot 11, Brookside Cir Washburn, ME, United States

Northern Maine Woods

Salmon Brook

Community Pond Mill Pond

Washburn District High School

Washburn District County Farms Market Elementry School Washburn Coffee Shop

Washburn

Salmon Brook Salmon Brook Mobile Home Park Lot 11, Brookside Cir Washburn, ME, United States

Acreage of the Park: 12 Age of the Park: Unknown Is there additional land abutting this property that could supply potential park Yes growth/expansion in the future? PADS: How many pads 21 How many homes on concrete pads? None How many homes on gravel pads? All How many pads currently vacant? 10 Water Type: Is the water type Private or Public Public Sewer type: Is the Sewer Public or Private? Public Roads: (Private, town approved, paved, gravel) Private/Gravel Are the roads in the park maintained by the park? Yes Are individual driveways maintained by the park? No Is snow plowing and sanding of driveways the responsibility of the park own- Tenants are responsible for driveways ers? Electricity: What type of electrical meters servicing each pad? 100 Amps cartridge fuses How many are fuses? All How many are circuit breakers? None Who pays for the street lights in the park? Owner Salmon Brook Mobile Home Park Lot 11, Brookside Cir Washburn, ME, United States

Miscellaneous: Has the Maine Manufacturing Housing Board cited the MHP for any vio- Yes (Been Corrected) lations as a result of their annual inspection and/or complaints from park tenants? Are there any buried oil tanks in the park? No How many sites have oil tanks? All that are rented Does the current owner provide trash removal for each site? Yes How many vehicles are allowed to park on each site? 2 Are dogs allowed in this park? 1 Dog Are there rules and refulations for this park? Yes Can you provide rent roll inclusive to the name of the tenants and length Rent Roll with names only of occupancy? Are there litigations currently pending? No To your knowledge, are there environmental issues factored inot the No relative value of the park? Are copies of the sumbitted IRS schedule E statements available for the Yes last three years? Is there an age limit to the admission to the park? No Are older mobile homes allowed to enter this park? Yes How many of the mobile homes are owned by the Park owner? None What has been the occupancy rate of this park? 50% Looking at trends, do you anticipate further increases in this rate? No Presque Isle Mobile Home Park 50 Davis Street Presque Isle, ME 04769, United States

Overview:

• 85 pads – Prime in town location near Walmart, Town Hall, Route 1, University • Pads available from $200 per month • Newly renovated Homes from $650 per month • FREE MOVE AND FREE RENT SPECIALS NOW AVAILABLE • Very friendly community and supportive staff • Conveniently located in largest City in Northern Maine • Handy to Route 1, public transport, schools, downtown, hospital and restaurants • Parks Including Playground and Clubhouse coming soon Presque Isle Mobile Home Park 50 Davis Street Presque Isle, ME 04769, United States

Walmart Center Tim Hortons Northern Maine Hamptons Inn Presque Isle Community College Lowes

Save-A-Lot Presque Isle Mobile Home Park

Peace Park McDonalds

Northern Maine Fair Association

Presque Isle

Governer’s Restaurant and Bakery The Aroostook Medical Center Presque Isle Mobile Home Park 50 Davis Street Presque Isle, ME 04769, United States

Acreage of the Park: 9.58 Age of the Park Unknown Is there additional land abutting this property that could supply potential park Yes growth/expansion in the future? PADS: How many pads? 74 Pads (Licensed for 85) How many homes on concrete pads? 1 How many homes on gravel pads? 73 How many pads currently vacant? 28 How many houses? 1 Water Type (Private or Public) Public Type and size of supply lines? 30-1 1/4 Plastic/and Misc. Sewer type: (Public or Private) Public Can you provide mapping locations of pumping stations and leaching fields? 1 Pump for 30 sites for Sewer Roads: (Private, town approved, paved, gravel) Private/Paved Are the roads in the park maintained by the park? Yes Are individual driveways maintained by the park? No Is snow plowing and sanding of driveways the responsibility of the park own- Tenants are responsible for driveways. Out- ers? side on Davis St. Electricity: What type of electrical meters servicing each pad? 100 Amps How many are fuses? All How many are circuit breakers? None Who pays for the street lights in the park? Owner Presque Isle Mobile Home Park 50 Davis Street Presque Isle, ME 04769, United States

Miscellaneous: Has the Maine Manufacturing Housing Board cited the MHP for any vio- Yes (Been Corrected) lations as a result of their annual inspection and/or complaints from park tenants? Are there any buried oil tanks in the park? No How many sites have oil tanks? All that are rented Does the current owner provide trash removal for each site? City provides How many vehicles are allowed to park on each site? 2 Are dogs allowed in this park? 1 Dog Are there rules and refulations for this park? Yes Can you provide rent roll inclusive to the name of the tenants and length Rent Roll with names only of occupancy? Are there litigations currently pending? No To your knowledge, are there environmental issues factored inot the No relative value of the park? Are copies of the sumbitted IRS schedule E statements available for the Yes last three years? Is there an age limit to the admission to the park? No Are older mobile homes allowed to enter this park? Yes How many of the mobile homes are owned by the Park owner? None What has been the occupancy rate of this park? 70% Looking at trends, do you anticipate further increases in this rate? No West Gate Mobile Home Park 50 Davis Street Presque Isle, ME 04769, United States

Overview:

• 72 pads – Prime location near Caribou, Limestone, Route 1, Canadian Border • Pads available from $200 per month • Newly renovated Homes from $650 per month • FREE MOVE AND FREE RENT SPECIALS NOW AVAILABLE • Very friendly community and supportive staff • 60 Acre Parcel alongside with Metal Pit • Excellent water treatment plant on site • Conveniently located near largest City in Northern Maine • Handy to Route 1, public transport, schools, large towns, hospital and restaurants • Parks Including Playground and Clubhouse coming soon West Gate Mobile Home Park 50 Davis Street Presque Isle, ME 04769, United States

Aroostook National Wildlife Refugee

Loring Woods Country Club West Gate MHP

Little Madawska River 1 89

15 Min to Caribou 89 Chuch Of Advent Limestone

Maine School of Science and Math- ematics

Caribou Municipal Aroostook River Airport

Cairbou High School Caribou West Gate Mobile Home Park 50 Davis Street Presque Isle, ME 04769, United States

Acreage of the Park: Age of the Park Is there additional land abutting this property that could supply potential park Yes growth/expansion in the future? PADS: How many pads? 72 How many homes on concrete pads? 0 How many homes on gravel pads? 4 How many pads currently vacant? 72 How many houses? 0 Water Type (Private or Public) Private Type and size of supply lines? Sewer type: (Public or Private) Private Can you provide mapping locations of pumping stations and leaching fields? Roads: (Private, town approved, paved, gravel) Are the roads in the park maintained by the park? Yes Are individual driveways maintained by the park? No Is snow plowing and sanding of driveways the responsibility of the park own- Yes ers? Electricity: Is electricity provided by the owner? No What type of electrical meters servicing each pad? How many are fuses? How many are circuit breakers? Who pays for the street lights in the park? Owner West Gate Mobile Home Park 50 Davis Street Presque Isle, ME 04769, United States

Miscellaneous: Has the Maine Manufacturing Housing Board cited the MHP for any vio- No lations as a result of their annual inspection and/or complaints from park tenants? Are there any buried oil tanks in the park? How many sites have oil tanks? Does the current owner provide trash removal for each site? No How many vehicles are allowed to park on each site? One Are dogs allowed in this park? No Are there rules and refulations for this park? Yes Can you provide rent roll inclusive to the name of the tenants and length Yes, Park is Empty of occupancy? Are there litigations currently pending? No To your knowledge, are there environmental issues factored inot the relative value of the park? Are copies of teh sumbitted IRS schedule E statements available for the last three years? Is there an age limit to the admission to the park? No Are older mobile homes allowed to enter this park? Yes How many of the mobile homes are owned by the Park owner? Four What has been the occupancy rate of this park? 0 Looking at trends, do you anticipate further increases in this rate? Yes, definitely FOR SALE - 8 Mobile Home Parks

Portfolio Overview: