Valley Vista Masterplan FOR SALE > ±346 ACRES & OFFERING MEMORANDUM North ,

RED ROCK SUMMERLIN

95 215 CENTENNIAL BOWL

95 215

ELKHORN ROAD

DECATUR BOULEVARD

AVIARY WAY

ALIANTE PARKWAY PRESENTED BY: Michael Stuart GRAND TETON ROAD Senior Vice President TEL +1 702 836 3739 EMAIL [email protected] VALLEY VISTA MASTERPLAN | OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 1 OFFERING MEMORANDUM COLLIERS INTERNATIONAL

Executive Summary EXECUTIVE SUMMARY

Valley Vista Masterplan

PROPERTY INFORMATION The ±346 acres are located on Decatur Boulevard & Elkhorn Road just north of the US 215 in North Las Vegas, Nevada. The parcels are part of the newly renamed Valley Vista Masterplan previously referred to as Park Highlands West. Valley Vista Masterplan is comprised of over 600 acres in total, with 3 parks, a school site & over 3,500 units at full build-out.

• Size: ±346 Acres • Address: Decatur Boulevard & Elkhorn Road • APN: 124-18-401-002, 124-18-816-001, 124-18-816-002, 124-18-110-002, 124-18-510-003, 124-18-510-004, 124-18-201-001, 124-18-210-002, 124-18-310-001, 124-18-310-003, 124-18-714-001, 124-18-714-002, 124-18-510-002 • Zoning: Master Plan Residential • Land Use: Medium Low, Medium & High Density Residential • Utilities: See Utility Plan, page 10 • Jurisdiction: North Las Vegas, Nevada • SID: Ownership group is entering into a Development Funding Agreement (DFA) with the City of North Las Vegas. This should be completed by the end of Q4 2016. • HOA: Draft CC&R’s & Assessment budget available • Engineering: Technical Drainage Study, Soils Report, Phase 1 Environmental Report, Development Agreement, Park & Trails Agreement • Access: The subject property has multiple points of access from US 215 at Decatur Boulevard & Aliante Parkway interchanges. • Price: SUBMIT ALL OFFERS

VALLEY VISTA MASTERPLAN | OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 3 OFFERING MEMORANDUM COLLIERS INTERNATIONAL

Property Information PROPERTY INFORMATION

Valley Vista Masterplan - Aerials

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| OFFERING MEMORANDUM U COLLIERS INTERNATIONAL

VALLEY VISTA MASTERPLAN P. 5

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AN TH EM PARKWAY INSPIRADA PROPERTY INFORMATION

Valley Vista Masterplan - Aerials

NORTH SOUTH

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VALLEY VISTA MASTERPLAN | OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 6 PROPERTY INFORMATION

Valley Vista Masterplan - Ownership Exhibit

N

N NORTH LAS VEGAS, NV NORTH LAS VEGAS, NV SECTION 18 19 TOWNSHIP 61 RANGE SECTION 18 19 TOWNSHIP 61 RANGE

VALLEY VISTA MASTERPLAN | OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 7 PROPERTY INFORMATION

Valley Vista Masterplan - Ownership Exhibit While there are ±346 acres in this offering, 3 individual ownership groups collectively own the subject parcels. Properties can be purchased independently.

AGRW PARK HIGHLANDS (ANGELO GORDON) AMBER OWL HOLDINGS (SUNCAL) HIGHLAND PARK HOLDINGS (LIGHTSTONE)

N N N NORTH LAS VEGAS, NV NORTH LAS VEGAS, NV NORTH LAS VEGAS, NV SECTION 18 19 TOWNSHIP 61 RANGE SECTION 18 19 TOWNSHIP 61 RANGE SECTION 18 19 TOWNSHIP 61 RANGE

OWNER PARCEL NUMBER NET ACRES OWNER PARCEL NUMBER NET ACRES OWNER PARCEL NUMBER NET ACRES AGRW PARK HIGHLANDS 124-18-401-002 32.10 AMBER OWL 124-18-201-001 18.06 HIGHLAND PARK HOLDINGS 124-18-110-002 45.60 124-18-816-001 20.02 124-18-210-002 52.47 124-18-510-003 20.30 124-18-816-002 20.75 124-18-310-001 19.76 124-18-510-004 18.96 TOTAL 72.87 124-18-310-003 36.49 TOTAL 84.86 124-18-714-001 18.56 124-18-714-002 20.96 124-18-510-002 22.76 TOTAL 189.06

VALLEY VISTA MASTERPLAN | OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 8 PROPERTY INFORMATION

Valley Vista Masterplan - Land Use

N

N NORTH LAS VEGAS, NV NORTH LAS VEGAS, NV SECTION 18 19 TOWNSHIP 61 RANGE SECTION 18 19 TOWNSHIP 61 RANGE

VALLEY VISTA MASTERPLAN | OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 9 PROPERTY INFORMATION

Valley Vista Masterplan - Park Plan — VaLLey Vista oVeraLL park pLan — 1 main entry

W Grand Teton Rd

2.3 1.1 1.2 2.1 2.2 MHDR NC MDR Detention MDR

2.4 2 Vista park MHDR

2.5 Elementary Pkwy Aliante N 1 5 School 2 1.3 1.4 HDR MDR 2.7 MHDR 4.1 Farm Rd MLDR

3

N Decatur Blvd Decatur N 4.3 4.2 3.1 3.3 MHDR MLDR HDR

MDR 3 the meadows Aviary Way Aviary

5 park Legend 1. Main Entry 2. Vista Park (Parcel 2.6) 3.4 3.5 4.4 4.5 3. The Meadows (Parcel 3.2) MHDR MDR MHDR MLDR 4. Cactus Grove (Parcel 3.6) 4 5. Trail Corridor

4 CaCtus groVe Land use Legend Elkhorn Rd Median Low Density Residential Median Density Residential 5.1 Median High Density Residential MHDR High Density Residential Neighborhood Commercial Elementary School Detention Site

0’ 150’ 300’ 600’ Scale : 1” = 300’

VALLEY VISTA MASTERPLAN | OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 10 PROPERTY INFORMATION

Valley Vista Masterplan - Utility Exhibit

VALLEY VISTA MASTERPLAN | OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 11 PROPERTY INFORMATION

Valley Vista Masterplan - Area Developments

Aliante & The $662-million Aliante Station project was first announced on December 20, 2005 by Station . The casino was a joint venture between & the Greenspun Corporation, who had previously partnered in developing Green Valley Ranch. Greenspun contributed the 40-acre site, part of its Aliante planned community. The target market was expected to include the 6,500 households in Aliante & visitors to the Las Vegas Motor Speedway, among other locals & travelers. In September 2016, Boyd Gaming purchased the Aliante for $380 million.

Crossroads Towne Center Crossroads Towne Center is a 148,791 square foot neighborhood retail center located on 16.34 acres that services an affluent & dense trade areas in North Las Vegas with a population of nearly 300,000 within five miles of the property. Anchored by Walmart Supercenter, Crossroads Towne Center has a strong mix of national & regional tenants including Bed Bath & Beyond, Bank of America, Bath & Body Works, Starbucks, GNC, Payless Shoesource & Mattress Firm.

Centennial Hills Medical Center Centennial Hills Hospital for-profit hospital is owned & operated by Universal Health Services. This 171 bed, 354,000 square foot hospital is located in Las Vegas, Nevada at 6900 N off of US 95 near the Bruce Woodbury Beltway. The hospital campus is planned to include two medical office buildings. The hospital opened its eight story tower on January 21, 2008.

VALLEY VISTA MASTERPLAN | OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 12 OFFERING MEMORANDUM COLLIERS INTERNATIONAL

Offer Submittals OFFER SUBMITTALS

Offer Submittals & Terms

OFFER SUBMITTALS Colliers International (“Colliers”) has been retained for the disposition of certain land & real property assets & improvements (hereafter “Property or Properties”). The Properties will be sold “AS IS / WHERE IS”.

To qualify for review, ALL OFFERS must follow the provisions, requirements, terms, & conditions as outlined below.

The offers should be addressed to the attention of:

Colliers International Michael Stuart RE: Valley Vista / Park Highlands 3960 Howard Hughes Parkway, #150 Las Vegas, NV 89169 702-836-3739 [email protected]

Buyer may offer on the entire ±346 acres or portions thereof. There is no bid date deadline.

PRICE • SUBMIT ALL OFFERS

TERMS • Earnest money deposit shall be equal to 2% of total purchase price • At the end of the feasibility period, deposit shall be increased to 5% of the purchase price & shall be non-refundable. • Buyer must provide source of equity & capacity to close escrow • Buyer & Seller to split closing costs as is customary in the marketplace for the subject product type • Principles Only. Buyer shall pay any Buyer’s Broker’s fee

VALLEY VISTA MASTERPLAN | OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 14