NEW IDEAL LOFTS INVESTMENT SALE OPPORTUNITY 1801 2Nd Avenue North Birmingham, AL 35203

OVERVIEWOVERVIEW OVERVIEWFLOOR PLAN ABOUT X4 LOCATION OPPORTUNITY ZONES NEW IDEAL LOFTS INVESTMENT SALE OPPORTUNITY 1801 2nd Avenue North Birmingham, AL 35203

SITE

COMMERCIAL SPACE FOR SALE CALL FOR MORE INFORMATION

Under construction. Unit delivery estimated Summer 2020 Located at the corner of 2nd Ave N and 18th St N, adjacent to the Pizitz mixed-use development and within walking Total Space: 3,500 SF distance to the Lyric Theatre and Alabama Theatre, as well as some of Birmingham’s most popular restaurants and Currently leased to a gym (5 year initial term with 5 year bars. option) Adjacent to public parking deck (400 total parking spaces Commercial Real Estate Specialists Potential for 2 condos with 2 hours free parking) www.southpace.com

Large windows and patio opportunity BLAKE THOMAS Terrazo floors [email protected] 205.271.7209 Signage privileges on both sides (18th St N & 2nd Ave N)

Qualifies for Opportunity Zone tax treatment All information furnished with respect to the subject matter has been obtained from sources deemed reliable. No representation or warranty as to accuracy thereof is made and such information is submitted subject to change in price, omissions, errors, prior sale or withdrawal without notice. OVERVIEWOVERVIEW OVERVIEWFLOOR PLAN ABOUT X4 LOCATION OPPORTUNITY ZONES Pizitz Plaza

Resident Parking 18th Street North 18th Street

COMMERCIAL SPACE

2nd Avenue North

ABOUT X4

X4 is the second fitness concept from Nexus Fitness owner. X4 a 60-minute HIIT workout that provides cardio and strength training across four blocks. The four blocks are Torpedo, TrueForm, TRX and Capacity. The X4 methodology differs from other functional fitness workouts by providing athletes with a consistent variety of anaerobic and aerobic training in our cardio, endurance, stability and strength blocks. Programming is designed to meet the needs of all fitness levels and changes daily to provide a fresh, intentional workout that keeps members engaged and returning to the gym day after day.

All information furnished with respect to the subject matter has been obtained from sources deemed reliable. No representation or warranty as to accuracy thereof is made and such information is submitted subject to change in price, omissions, errors, prior sale or withdrawal without notice. OVERVIEWOVERVIEW OVERVIEWFLOOR PLAN ABOUT X4 LOCATION OPPORTUNITY ZONES TOP BIRMINGHAM ATTRACTIONS Brought in Over 3-Million Visitors in 2017: BJCC Convention Hall - 1,332,310 Visitors Railroad Park - 425,338 Visitors Birmingham Barons @ Regions Field - 391,725 Visitors McWane Science Center - 354,642 Visitors Alabama Theatre - 165,000 Visitors Birmingham Civil Rights Institute - 154,004 Visitors Birmingham Museum of Art - 134,342 Visitors Alys Stephens Center - 120,000 Visitors

Within 10 Minute Walking Distance: Negro League Museum Pizitz Food Hall Sidewalk Film Cinemas Alabama Theatre Lyric Theatre Carver Theatre & Jazz Hall of Fame Birmingham Civil Rights Historic Trail 16th Street Baptist Church 4th Avenue Historic Business District Source: REV Birmingham & UAB

Driving Distance from New Ideal Lofts: Approximately 1.5 Miles Alabama’s largest employer 2018 University Enrollment - 21,923 (Record numbers) UAB Work Force Totals - 22,704 Employees consisting of 12,676 university employees & 10,028 medical system employees

CHILDREN’S HOSPITAL OF ALABAMA

Driving Distance from New Ideal Lofts: Approximately 1.26 Miles

$400 million state of the art expansion opened in 2012 The third largest Children’s Hospital in the United States with 350 beds Recognized as one of the top performing pediatric centers in the nation, it is the only level one pediatric trauma center in Alabama.

Source: Birmingham Business Alliance

BIRMINGHAM: TECH MECCA “The Next Silicon Valley” - Forbes Shipt is a grocery delivery service that was born in Birmingham and acquired by Target in 2018 for $550 million. After the acquisition, Shipt decided that its headquarters would remain permanently in downtown Birmingham.

Shipt currently employs approximately 400 and in the process of adding 800 more.

Source: Shipt

“Companies located at Innovation Depot gain access to world-class amenities and connect with mentors, investors, resource providers, and other entrepreneurs.” - Innovation Depot

Innovation Depot is the Southeast’s largest tech start up hub with facilities consisting of 140,000 SF office, lab, & coworking space

Driving Distance from New Ideal Lofts:

Source: Innovation Depot Approximately 0.36 Miles

CBD

LYRIC THEATRE MERCANTILE ON MORRIS MCWANE SCIENCE CENTER ROW 5 ALABAMA THEATER FOUNDER’S STATION PLANNED/UNDER CONSTRUCTION PIZITZ FOOD HALL COMPLETED RESIDENTIAL

THE BATTERY POWELL STEAM PLANT MIXED USE DEV. NEW IDEAL LOFTS (MIXED USE PROJECT)

20 MIDTOWN 3RD PHASE

PARKSIDE APARTMENTS BRISTOL SOUTHSIDE APARTMENTS BAKER’S ROW RAILROAD PARK MIXED USE DEVELOPMENT CARRIAGE COURT APARTMENTS PRINTER’S CORNER CONDOS CHILDREN’S HOSPITAL NOVARE GROUP VENUE @ PARKING DECK & OFFICE BLDG STUDENT HOUSING THE BALLPARK

DENHAM MIXED-USE DEVELOPMENT DANIEL CORP. MULTIFAMILY DEV. CONCRETE PLANT PLANNED FOR REDEVELOPMENT

THE MACARONI LOFTS

NEXT CHAPTER PROPERTIES STUDENT HOUSING UAB

EXISTING HOTELS THE WESTIN THE SHERATON 294 Rooms 757 Rooms PLANNEDUNDER CONSTRUCTION HOTELS

HAMPTON INN & SUITES TUTWILER 149 Rooms

REDMONT HOTEL CURIO COLLECTION y HILTON 120 Rooms

RAILROA

ELYTON HOTEL UNANNOUNCED DUAL BRAND AUTOGRAPH COLLECTION HOTEL BY MARRIOTT 117 Rooms NEW IDEAL LOFTS TOURWAY INN RAILROA 149 Rooms TAPESTRY HOTEL INGS INN FAIRFIELD INN & SUITES CURIO COLLECTION y HILTON CIVIC CENTER 120 Rooms 96 Rooms 147 Rooms

RAILROA

2nd Avenue North

NEW IDEAL LOFTS 2nd Avenue North

AN OVERVIEW OF THE OPPORTUNITY ZONES PROGRAM

Investors sell off Gains invested in assets, generate “Opportunity Fund” 1 capital gains. within 6 months. 2

ORIGINAL TAX DEFERRAL - Tax on original gains is deferred until earlier of (i) date investment is sold or (ii) 2026.

OZ Fund makes equity investments in “OPPORTUNITY ZONE BUSINESSES” within 6-12 months of raising capital. 3

INVESTORS HOLD INVESTORS “CASH OUT” OZ FUND INTEREST FOR OF OZ FUND AFTER 4 5+ YEARS 10+ YEARS 5 ORIGINAL TAX REDUCTION NO TAX ON APPRECIATION Original tax payable reduced by: No cap. gains tax owed on 10% (if held for 5+ years) appreciation of investment if 15% (if held for 7+ years) held for 10+ years.

General Notes 1. An “Opportunity Fund” is just an LLC or other entity used to make OZ investments. Investors can create their own or use a third party fund. 2. Investors have more time if gains come from “pass through” entities, like partnerships. 3. Opportunity Zone businesses can be just about any real estate development or operating company that complies with certain regulatory guidelines. For more information about what qualiﬁes as an Opportunity Zone business, see opportunityalabama.com/resources 4. OZ Funds must keep 90% of capital raised invested in stock or partnership interests of OZ businesses or tangible property used in OZs. This requirement is tested twice annually. 5. This assumes an investor wants to remain in a deal though 2026 in order to get the 10-year hold beneﬁt described above. If an investor divests before 2026, they will defer paying tax on the original gain until the date they divest and owe tax on their original gain on that divestment date.

Alex Flachsbart • 334.425.4166 • [email protected]