Property Description Acreage Surrounded by natural beauty near the base of the , Approximately 235 gross acres. Shandin Ranch consists of approximately 235 acres with the potential for up to 1,050 residential units. The community will provide a variety of housing opportunities Lot Count/Size including single-family detached lots, single-family detached condominium, and multi-family units. About sixty percent of the property will be left in its natural state The Shandin Ranch Master Plan provides for a development potential of approximately providing residents with recreational opportunities in the open space areas, 1,050 residential dwelling units. including parks and a hiking trail through the master plan. The Master Plan consists of nine residential Planning Areas. The land use designations for the Master Plan Area include single-family detached residential lots ranging from 7,200 square feet to 39,590 square feet, open space/conservation areas, and natural open space. Also included in the Master Plan is a single family detached affordable condominium component. The multi-family planning areas will consist of garden style units, stacked flats, condominiums and townhomes. Planning areas 1 and 2 are designated for commercial use.

Property Condition The subject site is currently in an unimproved condition and will be delivered . Buyer will be responsible for making all necessary improvements.

Zoning Location The property is subject to the Shandin Ranch Master Plan and conforms to the and Shandin Ranch is generally located to the north of the 210 freeway, east of I-215, Suburban zoning designations. south of Cal State San Bernardino, and southwest of Kendall Drive. It is bisected by Little Mountain Drive and east of University Parkway within the City of San Entitlement Status Bernardino. There are no entitlements in place at this time. However, the Specific Plan was submitted to the City of San Bernardino Development Review Committee on May 21, Municipality 2009. City of San Bernardino

Topography Owner of Record The property generally consists of rolling hills. Boxer Finance, LLC

Tax Information Assessor Parcel Numbers Currently, there is no Community Facilities District planned for the property. Buyer may 0266-211-13, 18, 19, 27; 0266-191-23, 24, 44, 45; 0148-011-29 process a CFD subject to approval.

3 Homeowners Association Dues Although not currently formed, a Association is planned for the KendallElementary 2.8 property. At this time, an estimate of dues has not been established. Shandin Hills Middle 1.5

Cost to Complete Cajon High 2.4 Seller will not be providing improvement costs for the property. Buyer will be Cal State San Bernardino 2.9 responsible for completing their own analysis with regards to improvement costs.

Due Diligence Due Diligence materials to be available to prospective purchasers upon request. See page 14 for a list of available items.

Brokerage Fee/ Disclosures The Seller shall pay Land Advisors Organization a brokerage fee pursuant to a separate agreement. No cooperating brokerage fees will be offered.

Schools

San Bernardino City Unified School District Cal State San Bernardino Kendall Elementary School El Grades: K-5 Kendall Elementary School is a multi-track school serving Kendall State Rank: 5 children from kindergarten through fifth grade. The mission of Kendall Elementary School is to prepare every student for the Elementary 2013 API: 835 next level of their educational development. Shandin Hills Middle

Shandin Hills Middle School

Grades: 6-8 Shandin Hills Middle School is a community that has high State Rank: 2 expectations of success for each student by embracing individual differences and learning styles in a safe and orderly 2013 API: 695 environment. The school is committed to ensuring academic excellence and continuously fostering real world applications so that all students become independent learners and responsible citizens.

Cajon High School

Grades: 9-12 Cajon High School, home of the Cowboys, is located in the State Rank: 5 University District of San Bernardino, just east of Cal State San Bernardino. The school is approximately 3.6 miles from the 2013 API: 740 subject site and currently 2,716 students are enrolled in the school. 4 I-10 / I-15 Corridor 13 City of Industry 43 91 / 57 Corridor 45 Pasadena 45 Santa Ana 49 Irvine 53 Downtown 56

5 Shandin Hills Golf .5 Cal State San Bernardino 3 Glen Helen Raceway 7 San Manuel Indian Bingo & Casino 7 10 San Manuel Amphitheater 10 Auto Club Speedway 14

6 Interstate 215 1 State Route 210 1 State Route 66 4 Interstate 10 7 Interstate 15 12 State Route 60 13 State Route 91 13

7 8 9 Shandin Ranch Proposed Land Use Summary

Maximum Maximum Number of Percent of Planning Area Land Use Area (Acres) Density (DU/Acre) Number of DU with Senior Area Units Component

1 HDR/CG 7.6 20.1-26.0 198 296 2.4%

2 HDR/CG 6.1 20.1-26.0 159 238 2.0%

3 MHDR 7.7 14.1-20 154 231 2.5%

4 MDR 8.2 8.1-14 115 172 2.6%

5 MHDR 5.9 14.1-20 118 177 1.9%

6 MHDR 6.8 14.1-20 136 204 2.2%

7 LDR 9.9 3.2-8.0 79 79 3.2%

8 RE 20.2 0-3.1 63 63 6.5%

9 RE 9 0-3.1 28 28 2.9%

Major Roads 7.1 2.3%

Parks 11 3.5%

Slopes 32.3 10.3%

Fuel Modification Zone 35.6 11.4%

Native Open Space 65.6 45.8%

Public Facility Pump/Reservoir 2 0.6%

Totals 235 1,050 1488 100.0%

10 11 12