SANDY SPRINGS / | GA

A MULTIFAMILY INVESTMENT OPPORTUNITY PRESENTED BY Highland Park Vista A Multifamily Investment Opportunity

PERIMETER CENTER MEDICAL - 21.7M SF Office - 3 Hospitals - 7M SF Retail - 2M SF Medical - 3 Hospitals 115K Office Space Employees

285 260,000 VPD

DUNWOODY SANDY SPRINGS RESIDENTIAL RESIDENTIAL AVG HOME VALUE AVG HOME VALUE $309,000 $338,000 AVG HH INCOME AVG HH INCOME $134,000 $153,000

$9.3M NORTHRIDGE INTERCHANGE IMPROVEMENTS

Roswell Rd 400 557,000 SF OFFICE

Northridge Rd

DOWNTOWN ROSWELL ROSWELL - 32 Restaurants

RESIDENTIAL 145,000 VPD - 120 Boutique AVG HOME VALUE Retail Shops $387,000 AVG HH INCOME $124,000 Dunwoody Pl

NORTH FULTON - 25M SF Office - 14M SF Retail - 150K Employees Highland Park Vista A Multifamily Investment Opportunity

boasts the best connectivity in the region, a plement the modern upgrades and allow the high quality of life for residents in the imme- Property to compete more directly with near- diate area, and a plethora of luxury retailers. by Class AA properties demonstrating a $625 Highland Park Vista is located at the intersec- rent premium over Highland Park Vista. With tion of GA-400 and Northridge Pkwy and is floor plan square footage averages exceeding nestled within The Pointe office park with over these competitors by 20%, Highland Park Vis- 557,000 SF of Class A office space, anchored ta can capture the luxury-value niche along by Kimberly Clark. These factors, among oth- the infill Ga-400/Perimeter Center corridor. ers, create sustained appeal and demand for both national corporations and residents alike. OFFERING HIGHLIGHTS: JLL is pleased to present Highland Park › Prime Accessibility to GA-400 Vista (the “Property”), a boutique apartment Highlighting the area’s tremendous job growth community located in the northern boundar- which includes the nearby Mercedes Benz › Perimeter Center is Atlanta’s Center of Economic Gravity ies of Atlanta’s largest and exploding office headquarters, Highland Park Vista achieved market, Perimeter Center. This submarket effective rent growth of 7% from 2013 to 2014. - Mercedes-Benz HQ Relocation (600-1,000 Jobs) has undergone a transformation over the past Built in 1995, the Property is well positioned - State Farm Regional HQ Campus two decades, as Fortune 1000 firms flock to for an interior modernization program that (6,000-8,000 Jobs) the massive commercial district that is sur- will eliminate the existing $244 rent gap be- - Cox Communications 575,000 SF Expansion rounded by a top-tier grouping of Atlanta’s tween renovated competitors. In step with an - $1B+ Infrastructure Improvement and Investment best residential enclaves of Dunwoody and interior renovation program, enhancements Sandy Springs. In addition, Perimeter Center to the amenity set and clubhouse will com- › $9.3M Northridge Interchange Improvements

UNIT MIX AND EFFECTIVE RENT SUMMARY › “Front Door” to North Fulton’s “The Data Unit Type # of Units % of Unit Mix Unit SF Effective Rents Effective Rents/SF Center of the Southeast” 1BR-1BA 42 22% 902 $955 $1.06 › Surrounded by Wealthy Demographics 2BR-2BA 32 17% 1,227 $1,085 $0.88 2BR-2BA 62 33% 1,285 $1,118 $0.87 - $483,767 Avg. Home Value, 3-Miles 3BR-2BA 52 28% 1,440 $1,239 $0.86 › Effective Rent Growth of 7.1% from 2013 Total/Average 188 100% 1,232 $1,110 $0.90 to 2014 PROPERTY SUMMARY › $244+ Avg. Gap between Property and Address 100 Highland Park Trail, Sandy Springs, GA 30350 Competitive Set Year Built 1995 Avg. Effective Rent $1,110 No. of Apt. Buildings 8 Avg. Effective Rent/SF $0.90 › Top-of-Market Rents Provide Large Rental No. of Floors 3 Land Area (acres) 10.85 Cushion of $750 Net Rentable Area (SF) 231,698 Density 17.33 › Three Capital Structure Offerings Available Avg. SF per Unit 1,232 Parking Spaces 367 Occupancy 95% Parking Spaces/Unit 1.95 - All Cash, Debt Assumption or Debt Assumption with FELBA Highland Park Vista A Multifamily Investment Opportunity

IMMERSED IN GA-400 ECONOMIC CORRIDOR NORTHRIDGE PKWY Emerging as a significant economic presence and an ideal location for corporate headquarters, the Sandy Springs/Perimeter submarket is benefited by its access and location advantage between Atlanta’s business centers in and Midtown/Downtown, and Atlanta’s most desirable affluent northern suburbs in North Fulton.

Thriving Perimeter Center Economy Tech-Driven North Fulton Economy

Perimeter Center/Sandy Springs is home to The North Fulton employment base has not eight Fortune 1000 companies and includes only doubled its Class A office space since 27M SF of office space, 7M SF of retail space 2000, but has become a nationwide magnet NORTHRIDGE 500 including a super-regional mall, and the for leading IT and telecom firms and is regard- OFFICE Southeast’s leading medical district including ed as “The Data Center of the Southeast”. three major hospitals. Adjacent Northridge Pointe Prime Connectivity Office Parks

Located at the crossroads of I-285 and GA- Adjacent to Highland Park Vista are Northridge 400, Perimeter Center is a corporate destina- and The Pointe office parks consisting of tion of choice affording residents and employ- 557,000 SF. Residents enjoy direct and easy ees ease of access throughout the Atlanta walkability to work along Northridge Parkway. MSA. In addition, Perimeter Center is home to three MARTA stations and plans for northern expansion is underway. Sought-After Suburban Lifestyle

From Historic Downtown Roswell’s revitalized, quaint village atmosphere to numerous out- door activities provided by the and Morgan Falls Athletic Complex and Golf Course, North Fulton provides residents exceptional outdoor and livability amentities sought-after by today’s renter. Highland Park Vista A Multifamily Investment Opportunity

STATE FARM NEW REGIONAL HEADQUARTERS Centralization of All Southeast Corporate Offices 6,000 - 8,000 Jobs to Perimeter Center Centralizing 5,000 Jobs and Hiring Another 3,000 2,200,000 SF on 17-Acres Already Under Construction with Initial Delivery in 2017

INFRASTRUCTURE IMPROVEMENTS SHOW PLAN FOR FUTURE GROWTH Perimeter Center is undergoing massive infrastructure upgrades to it’s high- ways, connectors, and bridges. The almost half million commuters that work or travel daily in the Perimeter submarket make this pocket of activity one of the most utilized in the MSA, and therefore one of the most important to increase capacity and longevity of infrastructure. In September 2014, funding was ap- proved for a $1.06 billion reconstruction of the I-285 and GA-400 interchange. This improved interchange will enhance traffic flow and ease of commute, which will in turn ensure the submarket continues to attract Blue Chip employers.

In addition to the new $1.06 billion I-285 and GA-400 interchange, Perimeter Center has recently experienced three major upgrades to its road connectivity. The Perimeter Center Improvement District (PCID) spearheaded these chang- es, experiencing great success in implementing new investments in traffic con- gestion relief initiatives, including: the recently completed GA-400 at Hammond Road Interchange, the Perimeter Center Multimodal Parkway Bridge, and the Ashford Dunwoody Diverging Diamond Interchange. Highland Park Vista A Multifamily Investment Opportunity

MERCEDES-BENZ NEW US HEADQUARTERS Relocation of US HQ from New Jersey to Atlanta 600 - 1,000 Jobs to Perimeter Center 250,000 SF on 12-Acres

“Mercedes-Benz is a marquis brand which de- 140 serves a marquis setting…and [Perimeter Center] Woodstock 92 will serve as the perfect foundation to foster that 92 Mountain Park ambition for the future. We are looking forward to Lake Winward calling [Perimeter Center] home.“ Alpharetta 120 - CEO Stephen Cannon Roswell 400 19

92 120 Willow Lake

Martin Sandy Lake Plains Chattahoochee River 140 Chattahoochee River Chattahoochee River Nat Rec Area

120 9 Morgan Falls Park 120 141

Sandy Dunwoody Springs Chattahoochee Southern College Plantation of Technology Perimeter 141 Center Mechanicsville 285 Doraville 285 Atlanta Naval Air Station 23

Chamblee

19

Oglethorpe Smyrna Univ Dekalb-Peachtree Mercer Tucker Airport Univ 280 Vinings 141 Brookhaven Oakdale 85 13 236 41 400

Buckhead 23

29 285 75 North Druid Hills Clarkston 85 North Decatur Emory Univ 78 285

Fulton 280 Airport Inst Druid Hills Of Tech Midtown Decatur 78 278 278 Avondale Estates Agnes Scott Georgia College Dome Atlanta Georgia 155 20 State Univ 154

260 Highland Park Vista A Multifamily Investment Opportunity

RENTAL UPSIDE OF $244 PROVEN CURRENT AMONG RENOVATED COMPETITORS KITCHEN For a well-located, boutique asset in a booming job growth corridor, Highland Park Vista’s rents are well below comparable properties. As reflected in the charts, there is a substantial spread of $244/unit be- tween existing rents at Highland Park Vista and those of the most comparable surrounding properties that have adapted unit upgrades.

By implementing a value-add program, the next owner has a prime opportunity to distinguish itself in the market from its competitors, and legitimately become the value-luxury provider by providing near qual- ity finishes of new construction, but at less cost. In addition, Highland Park Vista’s unique features including its boutique feel (188-units) and largest floor plans in the submarket, perfectly position the Property to differentiate itself, propel rents past its renovated competitors and offer a condo-conversion potential.

Like-Type Floor Plan Rent Comparison VS PROPOSED KITCHEN $1,500 $1,466 $244 Avg. Rent Difference $1,400 $1,375 $1,287 $1,307

$1,300 $1,250

$1,200

$1,093 $1,100

$1,000

$900

$800

$700 Highland Park Vista River Vista (1995) Hannover Grand Spalding Crossing Lodge at Chatt. (1995) (1996) (1995) (1978) (1996)

140 Woodstock

92 92 Mountain

Park Lake Winward

Alpharetta 120

Roswell 400 19 Highland Park Vista A Multifamily Investment Opportunity 92 120 Willow Lake EXCLUSIVELY PRESENTED BY JONES LANG LASALLE AMERICAS, INC. Martin Sandy Lake Plains Chattahoochee River 140 Chattahoochee River Chattahoochee River Nat Rec Area

120 9 Morgan ROAD NE, SUITE 1100 Falls Park 120 ATLANTA, GEORGIA 30326 141

Sandy Dunwoody Springs Chattahoochee FOR MORE INFORMATION Southern College Plantation of Technology PLEASE CONTACT: David Gutting Derrick Bloom Perimeter 141 Mechanicsville Managing Director Managing Director Center 285 Doraville 404.995.2283 404.995.2287 285 Atlanta Naval [email protected] [email protected] Air Station 23

Chamblee Christie Hawver Vice President 19 404.995.6367 [email protected]

Oglethorpe Smyrna Univ Dekalb-Peachtree Mercer Tucker Airport Univ 280 Vinings 141 Brookhaven Oakdale 85 13 236 41 400 HIGHLAND PARK VISTA Buckhead 23 100 Highland Park Trail, Sandy Springs, GA 30350 29 285 75 North Take GA-400 North to Exit 6 for Northridge Road. Exit ontoDruid Northridge Road heading West, Hills Clarkston and take the first right onto Dunwoody 85Place. Travel less than 0.25North miles Decatur and turn left onto Emory Univ Join us on Twitter and visit us at Northridge Parkway. Highland Park Vista will be on the right-hand side. 78 285 www.jll-bloomgutting.com Fulton County 280 Druid Hills Airport Georgia Inst tion shall arise by reason of this Flyer or the Contents. By accepting or erty Information is subject to errors, omissions, changes and other con- Of Tech Midtown Decatur Disclaimer 78 278 accessing information applicable to the Property, the user agrees that ditions, withdrawal without notice, and to any special listing conditions 278 the owner of the Property, including its affiliates, agents (collectively, now or hereafter imposed, and is not to be relied upon without Owner’s Neither the Owner nor Jones Lang LaSalle nor any of their respective Avondale the “Owner”) or Jones Lang LaSalle accept no responsibilityEstates for errors prior written permission. Owner accepts no, and expressly disclaims officers, agents or principals has made or will make any representations Agnes or omissions in any such PropertyScott related information, whether now or any, duty to update or revise the Property Information even if it becomes or warranties, expressed or implied as to the accuracy or completenessGeorgia College of the Flyer or any of the contents, and no legal commitmentDome or obliga- hereafter obtained (collectively, the “Property Information”). The Prop- aware of an inaccuracy and/or omission. Atlanta Georgia 155 20 State Univ 154

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