INVESTMENT OFFERING 4.99 ACRES NEAR THE STRIP

FULLY ENTITLED FOR DEVELOPMENT POTENTIAL

Rare opportunity to acquire 4.99 acres in the Resort Corridor. Within walking distance to rapidly growing Chinatown. The property is also located directly west of the world-famous . INVESTMENT OPPORTUNITY

Mike Mixer, Executive Managing Director +1 702 836 3777 [email protected] License # NV-B.0021557.LLC CONTENTS

PROPERTY OVERVIEW 03

Glenn Dulaine, CCIM Realty Executives SNV +1 702 596 9890 PROPERTY SUMMARY [email protected] 04 License # NV-00024348

AREA OVERVIEW CONFIDENTIALITY AGREEMENT 08 © 2019 Colliers International

This Confidential Offering Memorandum (the “Memorandum”) is being delivered exclusively by Colliers International (the “Agent”) to a party who may be interested in the acquisition of the MULTIFAMILY / HOSPITALITY SUMMARY 4.99 Acres (the “Property”), described in this Memorandum. This is a private offering, made 10 only by delivery of a copy of the Memorandum to the recipient (the “Recipient”). By accepting this Memorandum, the Recipient agrees to comply strictly with the terms and conditions of the Confidentiality Agreement previously executed and delivered to the Agent by the Recipient with respect to this Memorandum and all information contained herein, and to use this Memorandum only for the purpose of evaluating the offering DEVELOPMENT POTENTIAL made hereby. 14

The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers , LLC has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents. APPENDIX LAS VEGAS MARKET OVERVIEW The Agent reserves the right to require the return of this Memorandum and any other material provided to the Recipient at any time. Acceptance of this Memorandum by the Recipient constitutes acceptance of the terms and conditions outlined above.

2 Las Vegas Resort Corridor Land PROPERTY OVERVIEW 4.99 ACRES

Rare opportunity to acquire 4.99 acres in the Las Vegas Resort Corridor. Within walking distance to rapidly growing Chinatown. The property is also located directly west of the world-famous Las Vegas Strip.

LAS VEGAS STRIP

MULTIFAMILY PROJECT - 3200 W Twain Ave - 287 units CARVANA - Completion in 2020 PROJECT

Twain Avenue

Highland Drive

4.99 Acres Land - Investment Offering 3 PROPERTY SUMMARY 4.99 ACRES

Las Vegas Resort Corridor TAX PARCEL The site is located within the H-1 zoning with expansion options for mixed use residential and commercial. With 162-17-203-001 THRU 008 close proximity to I-15 and direct access to the “Las Vegas Strip” this Sale opportunity offers maximum growth and great exposure to the growing Las Vegas Resort Corridor.

Located West of the Las Vegas “Strip” on Interstate 15. A short walk under the Interstate-15 via Dean Martin Drive puts you at the back doors of such as & , , Forum Shops, Treasure Island, The , The , Vadara, Aria, City Center, The Park MGM and New York New York. ZONING H-1 HOTEL, TIMESHARE, COMMERCIAL, RESIDENTIAL

FULLY ENTITLED Development Potential: Propsosed project highlights include 435 multifamily units, podium-style, with 87 units to the acre. Unit mix offers diverse floorplans, and a premier lifestyle poised to attract near $2.50 per square foot in rental income.

ZONING Current zoning is Limited Resort and Apartment (H-1), a master LAND SIZE level to build what you can dream. Owners have met with local officials and builders in which architectural designs and cost 4.99 ACRES estimates have been drafted and approved.

4 Las Vegas Resort Corridor Land RARE OPPORTUNITY TO ACQUIRE 4.99 ACRES IN THE LAS VEGAS RESORT CORRIDOR

Highland Drive

Polaris Avenue Polaris SITE

CARVANA PROJECT

Twain Avenue MULTIFAMILY PROJECT - 3200 W Twain Ave - 287 units - Completion in 2020

4.99 Acres Land - Investment Offering 5 LAS VEGAS STRIP

±280,000 CARS PER DAY CARVANA PROJECT

LAS VEGAS VISITATION: Highland Drive The city posted its 3rd SITE consecutive year of more than 42 million visitors.

6 Las Vegas Resort Corridor Land LAS VEGAS STRIP

MULTIFAMILY PROJECT - 3200 W Twain Ave - 287 units - Completion in 2020

±21,600 CARS PER DAY

Twain Avenue

SITE

4.99 Acres Land - Investment Offering 7 CHINATOWN HAS BECOME A PROMINENT AREA FOR PEOPLE TO VISIT, FOR BOTH LOCALS AND VISITORS

Copyright © 2019 Colliers International

RESORTS WORLD

15

DESERT INN ROAD ALON SITE ENCORE GREEN LEAF LOTUS - 3216 W Spring Mountain Rd - 295 units - Built in 2018 - Average rent is $1.91/sf WYNN SPRING MOUNTAIN ROAD (61,500 VPD) LAS VEGAS CHINATOWN PLAZA SITE TREASURE ISLAND THE MIRAGE TWAIN ROAD (24,500 VPD) MULTIFAMILY PROJECT - 3200 W Twain Ave THE VENETIAN - 287 units - Completion in 2020

HARRAH’S (280,000 VPD) CAESARS ARVILLE STREET ARVILLE

DECATUR BOULEVARD DECATUR PALACE VALLEY VIEW BOULEVARD VALLEY 15 KOVAL LANE KOVAL FLAMINGO ROAD

PALMS HOTEL ELYSIAN AT THE PALMS & CASINO - 285 Units BALLY’S - Under Construction HOTEL & CASINO BELLAGIO HOTEL AND CASINO

PLANET HOLLYWOOD RESORT & CASINO THE COSMOPOLITAN

THE 4.99 ACRES OF LAND IS ADVANTAGEOUSLY POSITIONED AT CHINATOWN’S & THE LAS VEGAS STRIP GATEWAY.

Less than a mile from the heart of the Strip, world renowned Chinatown has increasingly become a destination for both tourists and locals alike. Featuring uniquely themed properties that include some of the most famous and popular restaurants in the , the vibrant Chinatown corridor draws heavy visitor traffic volumes day and night. Authentic Pan-Asian cuisine is a primary attraction with select hotspots maintaining 30+ minute wait lists into the early morning. Chinatown serves as both a growing extension of the Las Vegas tourism & entertainment landscape and as a cultural anchor for Southern Nevada’s communities.

8 Las Vegas Resort Corridor Land Defined by its dining scene. Find mouth-watering meals across a variety DIRECT ACCESS TO of cuisines – Chinese, yes, but also Korean, Japanese, and even French 150+ EATERIES or Spanish – usually for cheaper rates and less pretense. Chinatown is home to 150+ restaurants, ranging from the very traditional to the IN CHINATOWN TO experimental, with new openings popping up in recent years, like the inventive Sparrow + Wolf, Shanghai-influenced Niu Gu, and Yui Edomae THE WEST Sushi -- home to the best sushi in Vegas.

EDO - Reimagined Spanish Tapas District One - Traditional & Modern Vietnamese Chengdu Taste - Spicy Szechuan dishes

Yui Edomae Sushi - Work-of-Art, Omakase Sparrow + Wolf - Evolving mixture of cuisines Chubby Cattle - Hot Pot With Exceptional Ingredients

Monta Ramen - Go-to Spot For Tender, Flavorful Ramen Raku - Japanese Small Plates & Robata Grill Mordeo - Wine Bar With Imaginative Global Cuisine

TO THE EAST, 240+ EATERIES THE 4.99 ACRE SITE IS LOCATED TOWARDS THE LAS WITHIN ONE OF THE MOST VEGAS STRIP...AND AMENITY RICH AREAS OF THAT’S JUST THE LAS VEGAS. CLOSE ONES.

4.99 Acres Land - Investment Offering 9 Restaurant images by Rob Kachelriess, Thrillist 3RD QUARTER 2019 MULTIFAMILY SUMMARY

MULTIFAMILY IS WAITING ON THE NEXT WAVE

• Multifamily inventory increased by 210 units in the second quarter of 2019 • Net absorption moved back into positive territory • Vacancy remained 4.2 percent, while asking rents continued to increase

According to statistics provided by REIS, multifamily vacancy in Southern Nevada remained at 4.2 percent in the second quarter of 2019 (the most recent quarter of available data). Vacancy was 0.8 points higher than one year ago. Quarter-over-quarter, vacancy in Class A properties decreased by 0.1 points to 4.6 percent and vacancy in Class B/C properties remained stable at 3.8 percent.

Five of the Valley’s eight submarkets had positive net absorption in the second quarter of 2019, with the highest net absorption, 117 units, occurring in the Henderson/Green Valley submarket. The lowest net absorption was negative 39 units in the West Central submarket. At midyear 2019, it appears the first wave of multifamily development has ended. 2018 saw over 3,000 new multifamily units completed, while 2019 has so far only seen inventory expand by 210 units. Net absorption also fell dramatically in 2019 compared to 2018. While development decreased in 2019, investments remained strong, though still below the peak investment year of 2016. At midyear, 2019 was on pace to match 2018 in terms of units sold and total sales volume. If there was anything puzzling about the multifamily market, it was the way in which older properties struggled to compete with new Class A properties despite offering much lower rental rates. The excellent performance of Class A properties probably guarantees that a new wave of multifamily completions will begin soon.

According to REIS, one new multifamily project totaling 210 units was completed in the second quarter Market Indicators of 2019 in the Henderson/Green Valley Relative to prior period Q2 2019 Q3 2019* submarket. A total of 6,711 units were VACANCY under construction and 6,512 units NET ABSORPTION were planned to begin construction COMPLETIONS RENTAL RATE within the next twelve months in *Projected Southern Nevada. Units currently under construction represent a 4.5 percent increase to inventory.

10 Las Vegas Resort Corridor Land THE EXCELLENT PERFORMANCE OF CLASS A PROPERTIES PROBABLY GUARANTEES THAT A NEW WAVE OF MULTIFAMILY COMPLETIONS WILL BEGIN SOON.

MULTIFAMILY ASKING RENTS CONTINUE TO INCREASE

3RD QUARTER 2019 HOSPITALITY SUMMARY

HOSPITALITY STAYS HEALTHY

• Las Vegas room occupancy remained healthy in the third quarter of 2019 • ADR and RevPAR were up on a year-over-year basis

Southern Nevada’s hospitality market fundamentals continues to show improvement in 2019. Visitor volume in the first seven months of 2019 was 24.8 million people. This represented 0.6 percent year-over-year growth. Growth (year-over-year) was 0.5 percent in room occupancy, 3.9 percent in the Average Daily Room Rate (ADR) and 4.6 percent in Revenue Per Available Room (RevPAR). Year-over-year, gaming revenue growth was 0.3 percent in Clark County, negative 1.0 on the Las Vegas “Strip”, 5.3 percent Downtown and negative 0.6 percent on the Boulder Strip.

4.99 Acres Land - Investment Offering 11 Close proximity to I-15 and direct access to the “Las Vegas Strip”.

SITE

Spring Mountain Road

±61,500 CARS PER DAY

12 Las Vegas Resort Corridor Land THIS SALE OPPORTUNITY OFFERS MAXIMUM GROWTH AND GREAT EXPOSURE TO THE GROWING LAS VEGAS RESORT CORRIDOR.

±280,000 CARS PER DAY

Flamingo Road

±21,600 CARS PER DAY

Twain Avenue

Valley View Boulevard

4.99 Acres Land - Investment Offering 13 BUILDING AREA

West Tower Per Floor 42,156 GSF x5 Floors 210,780 GSF PREMIER LIFESTYLE POISED TO ATTRACT East Tower Per Floor 45,679 GSF x5 Floors 228,395 GSF NEAR $2.50 PER SF IN RENTAL INCOME Total Apartment Area 439,175 GSF

WEST TOWER Office Leasing 877 GSF Retail Spaces 2,058 GSF Amenities 4,794 GSF Other Spaces 3,193 GSF Total SF 10,922 GSF

EAST TOWER Office Leasing 1,001 GSF Gym / Spa 3,424 GSF Amenities 2,396 GSF Other Spaces 4,101 GSF Total SF 10,922 GSF

14 Las Vegas Resort Corridor Land THE HIGHLAND PROJECT FULLY ENTITLED FOR DEVELOPMENT POTENTIAL Propsosed project highlights include 435 multifamily units, podium-style, with 87 units to the acre. Unit mix offers diverse floorplans, and a premier lifestyle poised to attract near $2.50 per square foot in rental income.

4.99 Acres Land - Investment Offering 15 LAS VEGAS IS A TOP GROWTH MARKET POISED FOR SIGNIFICANT LONG-TERM GROWTH

The region continues to benefit from billions of dollars of public and private investment, large-scale infrastructure projects, corporate relocations and expansions and record-breaking visitation levels. In addition to the recently completed expansion of the Convention Center and the planned expansion of the Las Vegas Convention Center, McCarran International Airport recently underwent a $2.4 billion expansion to increase the airport’s annual capacity by 11 million passengers.

The T-Mobile Arena is home to the NHL and hosts over 150 events annually, including hockey games, games, concerts, boxing, UFC matches, and major award shows. The almost completed 65,000 seat stadium scheduled to be completed in 2020 will be the home to the NFL’s Raiders, the UNLV Football team, and will also host a number of large scale events throughout the year. With strong public support for major commercial projects, aggressive business incentives to attract new industry and jobs, and one of the fastest growing populations in the U.S.; Las Vegas should see continued success as a world-class destination.

16 Las Vegas Resort Corridor Land CENTRALLY LOCATED NEXT TO 18 OF THE 30 LARGEST RESORTS IN THE WORLD

SITE

GROWING METRICS

Las Vegas is currently experiencing a renaissance and has surpassed pre-recession metrics as it relates to visitor volumes and overall revenues generated. This renaissance has spurred an extraordinary amount of investment activity ($14+ billion) that is projected to help continue the upward trend in the number of visitors coming to the city and the amount of money those visitors are spending.

4.99 Acres Land - Investment Offering 17 LAS VEGAS ECONOMIC TRENDS (Las Vegas Convention and Visitors Authority)

Statistic 2014 2015 2016 2017 2018

Visitor Volume 41,126,512 42,312,216 42,936,109 42,208,100 42,116,800

Gaming Revenue $9.5bn $9.6bn $9.7bn $10.8bn $10.25bn

Room Occupancy 86.8% 87.7 % 89.1% 88.6% 88.2%

Average Daily Room Rates $116.73 $120.67 $125.96 $129.05 $128.85

Convention Delegates 5,169,054 5,761,366 6,310,616 7, 2 59,10 0 6,501,800

Total En/Deplaned 42,878,346 45,389,074 47,43 5,640 48,500,194 49,716,584 Passengers

Room Inventory 150,126 149,612 149,339 147, 26 8 149,158

VISITOR VOLUME VS. GAMING REVENUE

44,000,000 $10,400,000,000

43,000,000 $10,200,000,000

$10,000,000,000 42,000,000

$9,800, 000,000 41, 000,000 $9,600, 000,000 40,000,000 $9,400,000,000 39,000,000 $9,200,000,000

38,000,000 $9,000,000,000

37,000,000 $8,800,000,000

36,000,000 $8,600,000,000 2011 2012 2013 2014 2015 2016 2017 2018

Vi sitor V olume Gaming Reve nue

Las Vegas Area Overview

Clark County, the most populous of Nevada’s 17 counties, is home to more than 2.3 million residents, about 75.8% of the state’s population. The estimated median household income is approximately $57,189. The city of Las Vegas sits at the heart of Clark County and is internationally renowned as the world capital of entertainment. Las Vegas’ gaming, dining, shopping and business conventions are major attractions for national and international visitors. Las Vegas has approximately 149,158 hotel rooms.

Over 42.1 million APPENDIX COLLIERS INTERNATIONAL – LAS VEGAS MARKET OVERVIEW people visited Las Vegas in 2018. Las Vegas Employment Overview

As of 2019, Las Vegas unemployment stands at 4.7% down from 5.41% in January 2018. Tourism is the largest job sector in Las Vegas, representing 24.8% of the market, but professional and business services and retail trade have a significant impact as well, representing 14.0% and 10.3% of the market, respectively.

Gaming, government, tourism and education are the leading areas of employment in Las Vegas. Although in recent years, several new industries such as data centers, high tech manufacturing and healthcare services are helping to diversify the local economy.

LAS VEGAS TOP EMPLOYERS

300,000 new jobs Firm Employees

Expected In The Next 20 Years With Major Station Inc. 13,000-13,499 Gains In Technology, Healthcare & Nellis Air Force Base 12,000-12,499 Infrastructure Sectors Boyd Gaming Corp. 9,000-9,499 Las Vegas Sands Corp. 8,500-8,999 Prestigious Companies LLC 8,000-8,499 8 Fortune 1000 Companies Headquartered MGM Resorts International 8,000-8,499 In Las Vegas Bellagio LLC 8,000-8,499 Aria Resort & Casino 7,000-7,499 Mandalay Bay Resort & Casino 7,000-7,499 $2.5 Billion+ Wal-Mart Stores Inc. 6,000-6,499 In Manufacturing/Tech Facility Caesars Entertainment Corp. 5,500-5,999 Investment Underway The Valley Health System 5,000-5,499 University of Nevada-Las Vegas 5,000-5,499 Las Vegas Metropolitan Police Department 4,500-4,999 $4 Billion+ Mirage Casino-Hotel 4,500-4,999 In Public Infrastructure The Venetian Casino Resort 4,000-4,499 Investment Underway SUPERVALU Inc. 4,000-4,499 Cosmopolitan of Las Vegas 4,000-4,499 The Palazzo Casino Resort 3,500-3,999 University Medical Center of Southern Nevada 3,000-3,499

COLLIERS INTERNATIONAL – LAS VEGAS MARKET OVERVIEW APPENDIX Las Vegas Highlights

$1 billion public works project underway to modernize and expand The Las Vegas vehicular infrastructure The relocation of the Oakland Raiders is anticipated to create a $600+ million economic impact add 450,000+ incremental visitors and host 45+ events annually

20,000 Seats T-Mobile Arena, a multi-use indoor arena on the Las Vegas Strip opened in April 2016

NHL Expansion T-Mobile Arena will host over 150 events per year and is the current home of the NHL Golden Knights

Mandalay Bay Convention Center recently underwent a 350,000 square foot expansion and is now one of the largest in North America LVCC Expansion Las Vegas Convention Center is currently undergoing a $2.3 billion, 600,000 square foot expansion to absorb excess demand

Steady Growth The University continues to grow with a total student headcount of 30,457 (2018)

Las Vegas Ballpark hosts this Triple-A professional team in Summerlin

MSG Sphere at the Venetian A revolutionary new 18,000-seat venue for concerts, sports and live entertainment that will be completed in 2020

APPENDIX COLLIERS INTERNATIONAL – LAS VEGAS MARKET OVERVIEW Las Vegas #1 Trade Show Destination for 25 consecutive years -Trade Show News Network

#3 and #9 Largest Convention Centers in the U.S. are located in Las Vegas Convention Center

While Las Vegas has historically been known as a gaming 70,700 jobs and generates destination, the city’s diverse non-gaming allure continues more than $11.1 billion in to strengthen and has far surpassed gambling demand. economic impact. One such demand driver is the unparalleled convention and meeting space capacity available throughout the The Las Vegas M.I.C.E. (meetings, incentives, city. In 2018, Las Vegas held over 21,000 conventions and conferences, and events) sector hosted over 6.5 million convention delegates.

Las Vegas visitation numbers hit a new peak of 42.9M visitors in 2016, Las Vegas also hosted 3 of the top 10 and 6 of the a 10% increase over its pre- top fifteen largest conventions/trade shows held recession peak. in the U.S.

There was a 17.8 increase in International visitation from 2013-2015. McCarran International Airport has benefited from the increased visitation, making it the No. 30 busiest airport in the world in 2018.

COLLIERS INTERNATIONAL – LAS VEGAS MARKET OVERVIEW APPENDIX Developments in the Las Vegas valley

NFL - LAS VEGAS RAIDERS $1.9 Billion estimated cost Professional Sport Franchises Las Vegas’ First NFL Team – On March 27th, 2017, the NFL owners approved the Raiders’ relocation to Las Vegas. The $1.9 billion stadium is expected to As a means to continue the diversification take three years to build and will be located near the southern end of the Las of its economy, Nevada successfully Vegas Strip (near Mandalay Bay). This new stadium will also host world-class received its first professional sports events including college football games, big-name concerts, major UFC franchise in 2016 concurrent with the fights, March Madness, soccer matches and political events. The Raiders are completion of its T-Mobile Arena. expected to play in the 65,000-seat domed stadium by the 2020 season. The Furthermore, in November 2016, Las Southern Nevada Tourism Infrastructure Committee (SNTIC) estimates that Vegas approved a hotel tax ordinance to Las Vegas can expect $100 million worth of media exposure a year from the help fund the stadium for the NFL’s Raiders which is excellent publicity across the Las Vegas community. Oakland Raiders relocation.

LAS VEGAS PROFESSIONAL SPORTS TEAMS

The Las Vegas metropolitan area is home to many sports, most of which take place in the unincorporated communities around Las Vegas rather than in the city itself. The area’s first professional team into town are the NHL Vegas Golden Knights. The Raiders of the NFL will begin play in Las Vegas as the Las Vegas Raiders by 2020 and become the region’s second major professional team. Las Vegas is also home to one minor league sports team: The Minor League Baseball. Las Vegas Ballpark hosts this Triple-A professional baseball team in Summerlin. In addition, Las Vegas also has the WNBA team- The Las Vegas Stars and the United Soccer League’s Las Vegas Lights FC.

APPENDIX COLLIERS INTERNATIONAL – LAS VEGAS MARKET OVERVIEW Developments in the Las Vegas Valley This popular destination is the 28th largest Metropolitan Statistical Area in the United States with over 2.3 million residents. With its strong economic recovery, Las Vegas has about $15 billion in construction projects that are planned, proposed or under construction. The following pages include a summary of these projects.

400,000 SF LAS VEGAS RESORTS WORLD THE DREW LAS VEGAS CONVENTION CENTER CONVENTION CENTER $4 Billion estimated cost $1.2 Billion Renovation CONSTRUCTION EXPANSION Broke ground May of 2015. Upon their Witkoff and Also restoring the 18-hole $2.3 Billion estimated cost 2021 completion date, this $4 billion have announced a partnership to Tom Fazio-designed golf Asian-themed resort will include 3,400 open the former Fontainebleau as hotel rooms and will consist of 175,000 The Drew Las Vegas in 2022. The course The Las Vegas Convention and Visitors Authority (“LVCVA”) has a square feet of gaming. It’s estimated resort is estimated to include $1.2

planned expansion and renovation that there will be 3,500 slot machines billion in renovation fees in addition Ltd. is moving forward project intended to make the Las and table games. Genting BHD, to the $600 million price tag for the with its 400,000 SF Convention Vegas Convention Center the best Southeast Asia’s largest casino property. The property will contain Center construction. The convention meeting and convention facility in the operator, is developing this property in 3,780 rooms and over 500,000 SF of center is under construction just World. The $2.3 billion project, named multiple phases. The first phase is convention and meeting space. In north of Sands Avenue and east of the the Las Vegas Global Business expected to be completed in 2021. addition to The Drew Hotel, the resort Wynn Las Vegas tower. They’re also District, is the largest economic Once fully finished, there will be three will also house hotels from two restoring the 18-hole Golf Course. development initiative the LVCVA has towers totaling the room count to Marriott brands – EDITION and JW “We actually went back and undertaken since the Las Vegas 3,400. will Marriott, making it the first JW re-engaged Tom Fazio, who was the Convention Center was originally built help the Las Vegas employment Marriott to open on the Las Vegas original designer of our golf course to in the late 1950s. The expansion market by employing 13,000 direct and Strip. The project will create 5,000 come in and take a look at the couple project is expected to lead to an indirect jobs. It will also contribute construction jobs and 6,000 jobs holes that were disrupted by this additional 480,000 new attendees as greatly to the Las Vegas economy upon opening. 400,000-square-foot convention current conventions grow and through which is projected to generate $155 center and see if we can design a new attracting an estimated 20 new trade million in annual tax revenue. 18-hole golf course connected to shows and conventions. Wynn and Encore and have that back in back in action before our convention center opens.”

UNION VILLAGE LAS VEGAS PROJECT NEON LAS VEGAS MEDICAL DISTRICT ALL NET ARENA $1.6 Billion estimated cost & UNLV MEDICAL $900 Million estimated cost

Union Village is the first Integrated SCHOOL Project Neon is the largest public works $2.7 Billion estimated cost

Health Village in the world and is project in Nevada history. Costing listed as the “largest healthcare $3.6 Billion estimated cost $900 million to complete, this project The All Net Arena’s site is located will widen 3.7 miles of Interstate 15 on the north end of the Las Vegas building project in the United States,” between Sahara Avenue and the according to Health Facilities The Las Vegas Medical District was Strip where the former Wet ‘n’ Wild “Spaghetti Bowl” interchange in Management. This +/-$1.6 billion initially concieved in 2002 in order to site was once located (just south of . This is known for project is located at U.S. 95 and created a cohesive area for medical the SLS Resort). Construction is being the busiest stretch of highway in Galleria Drive in Henderson, Nevada. education and healthcare that was underway on this $2.7 billion Nevada with 300,000 vehicles per day Sitting on 228-acres, this mixed-use central to the Las Vegas Valley. It is project and will consist of 22,000 (one-tenth of the state population). healthcare complex is projected to currently undergoing a $3.6 billion seat arena, 240,000 SF of Currently, this corridor has create more than 17,000 direct, expansion which is inclusive of a UNLV convention space, two hotel towers, approximately 25,000 lane changes in indirect and construction jobs. Once Medical School. This district is a movie theatre and a Victory Plaza an hour and it’s been predicted that fully complete in 2022, it is expected expected to bring in $181 million in traffic will double along this stretch by shopping/dining district. to attract 15,000 to 30,000 people a Government revenue, as well as 24,182 2035. Project Neon is estimated to be day. Henderson Hospital opened fall jobs by 2030. of 2016 and is located inside the Union completed in late 2019. Village development. Costing $168 million to construct, this local acute-care hospital is part of the Valley Health System. COLLIERS INTERNATIONAL – LAS VEGAS MARKET OVERVIEW APPENDIX INVESTMENT OFFERING 4.99 ACRES RESORT CORRIDOR

Mike Mixer, Executive Managing Director +1 702 836 3777 [email protected] License # NV-B.0021557.LLC

Glenn Dulaine, CCIM Realty Executives SNV +1 702 596 9890 [email protected] License # NV-00024348