Pomona, CA Development up to ±3.41 Acres Available As a Portfolio Or Individually Neighborhood

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FOR SALE Redevelopment Opportunity Transit Oriented Potential for Urban Core - Pomona, CA Development Up to ±3.41 Acres Available as a Portfolio or Individually Neighborhood

NEW Bid Due Date: Thursday, April 30, 2020 by 5:00 PM www.PomonaRedevelopment.com 1 (Extended due to COVID-19) 1 Pomona Redevelopment Pomona Redevelopment Table of Contents

Property Descriptions 9

N. Main St. Area Overview 16

C . W. Holt Ave. enter St. Rent Comparables 23

N. Garey Ave.

LAURIE LUSTIG-BOWER CHALVIS R. EVANS Executive Vice President Managing Director +1 310 550 2556 +1 818 907 4635 [email protected] [email protected] Lic. 00979360 Lic. 01318400

KAMRAN PAYDAR KYLE BARRATT Vice President Vice President +1 310 550 2529 +1 818 907 4650 [email protected] [email protected] Lic. 012425920 Lic. 01900653 NEW Bid Due Date: Thursday, April 30, 2020 by 5:00 PM (Extended due to COVID-19) www.PomonaRedevelopment.com 4 The Opportunity Metrolink’s Downtown Pomona commuter rail train platform is located a few blocks from the properties and provides direct access to Downtown Los CBRE, Inc., as exclusive agent, is pleased to present for sale a portfolio of Angeles/Union Station to the west and Downtown Riverside to the east, with properties in the heart of Pomona, Los Angeles County, California. The properties points in between. Additionally, the Metrolink San Bernadino Line rail platform is can be purchased as a portfolio or individually or in any combination. approximately two miles away. The offering presents a compelling multifamily mixed-use redevelopment Transportation linkages via Interstate 10 along with State Routes 57, 60 and 71 opportunity in the urban core of Pomona, the seventh largest city in Los Angeles connect Pomona to Greater Los Angeles, San Bernardino and Riverside. The County. properties are an approximately 30-minute drive to Downtown Los Angeles and 15 minutes to Ontario International Airport. The Seller has an Exclusive Negotiating Agreement with the City to acquire an adjacent +/-1.24 acre parcel (currently a parking lot) at no cost with the condition The properties are being offered to the market on an unpriced basis and can that up to 90 parking spaces be provided for public parking in a new development. be purchased as a portfolio or individually or in any combination of the below A copy of this agreement is in the property website: groups: 1, 2 and 3. Buyers should indicate in their offers if they intend to pursue www.PomonaRedevelopment.com the City parking lot through the Seller’s Exclusive Negotiating Agreement.

ADDRESS LAND SF ACRES APN 1 221 W. Holt Avenue 1 221 W. Holt Avenue ±43,996 ±1.01 8336-014-027 2 499 N. Garey Avenue 441 N. Garey Avenue 2 499 N. Garey Avenue ±25,058 ±0.58 8336-022-015 415 N. Garey Avenue 441 N. Garey Avenue ±9,226 ±0.21 8336-022-007 415 N. Garey Avenue ±8,524 ±0.20 8336-022-008 3 383 N. Main Street 3 383 N. Main Street ±7,796 ±0.18 8336-024-008 NEW Bid Due Date: Thursday, April 30, 2020 by 5:00 PM PST SUB TOTAL ±94,600 ±2.17 (Extended due to COVID-19) 109 W. Center Street www.PomonaRedevelopment.com 4 ±54,014 ±1.24 8336-022-901 (City parking lot) The Seller has an Exclusive Negotiating Agreement in place with the City to acquire this parking 1 221 W. Holt Ave. lot at no cost as long as a new development provides up to 90 Garey Ave. N. parking spaces for public parking. 499 N. Garey Ave. TOTAL- POTENTIAL UP TO ±148,614 ±3.41 W. Holt Ave.

The properties boasts outstanding Walk Scores of 91-to-94 out of 100 – a “Walker’s 2 Paradise” – and is proximate to Pomona City Hall, Western University of Health Sciences, and Pomona’s Downtown Art Colony.

N. Main St. Main N. 2 441 N. Garey Ave. The local community supports dynamic business enterprises including the annual 4 Los Angeles County Fair which generates a national economic impact of over $250 383 N. Main St. 2 million. W. Center St. A variety of lifestyle and recreational amenities are close to the properties, including a weekly Certified Farmers Market, monthly Artwalk gatherings, parks, 3 109 W. Center St. 415 N. Garey Ave. and convenient access to the San Gabriel mountains. 5

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2 3 4

DOWNTOWN POMONA Downtown Pomona is a safe, clean, friendly, historic mixed-use urban neighborhood that serves as a regional destination for the arts, antiques, retail and entertainment and is the center for commerce, education and culture within the diverse community. www.PomonaRedevelopment.com 6 North View

4 2 3

www.PomonaRedevelopment.com 7 Opportunity Highlights

Excellent Location in A “Walker’s Paradise”. Acquire Up to a Exclusive Negotiating the Heart of Downtown Outstanding Walk ±3.41-Acre Assemblage Agreement With City of Pomona. Scores of 91-to-94 With Redevelopment Pomona for Adjacent Out of 100. Potential for Multifamily ±1.24-Acre Parcel. Mixed-Use.

Proximate to Pomona Close to Two Metrolink Freeway Linkages to Located in a Transit Civic, Educational, and Commuter Rail Train Greater Los Angeles, Oriented Development Cultural Amenities. Platforms. San Bernardino, and Neighborhood. Riverside.

www.PomonaRedevelopment.com 8 Property Descriptions

N. Gordon St. E. Commercial St. 3 1 4

N. Garey Ave.

E. Monterey Ave. W. Center St.

W. Holt Ave.

9 www.PomonaRedevelopment.com 9 221 W. Holt Ave. Address 1 Pomona, CA 91768 ±43,996 SF Land Size ±1.01 Acres APN 8336-014-027 Zoning Corridors SP - Downtown Lease None Parking ±84 Spaces Entitled No Council District 1 City Council District Council Member Rubio R. Gonzalez

W. Holt Ave.

N. Main St. 1

The Property has a Walk Score of 91

Pomona Specific Plan http://ci.pomona.ca.us/mm/comdev/plan/pdf/csp/PublicReviewDraft_2013-06-24_CorridorsSpecificPlan_web.pdf

www.PomonaRedevelopment.com 10 Address 499 N. Garey Ave. 2A Pomona, CA 91768

Land Size ±25,058 SF ±0.58 Acres 499 N. Garey Ave. APN 8336-022-015 Zoning Corridors SP - Downtown Existing Building Size ±13,666 SF 2A Year Built 1962 441 N. Garey Ave. Lease Vacant Entitled No 2B City Council District Council District 1 Council Member Rubio R. Gonzalez 2C Address 441 N. Garey Ave. 2B Pomona, CA 91768 Land Size ±9,226 SF ±0.21 Acres 415 N. Garey Ave. APN 8336-022-007 Zoning Corridors SP - Downtown Existing Building Size ±8,516 SF Year Built 1952 Lease Partially Occupied; Month-To-Month Entitled No City Council District Council District 1 Council Member Rubio R. Gonzalez 2C 2B 2A

Address 415 N. Garey Ave. 2C Pomona, CA 91768 W. Holt Ave. N. Garey Ave. Land Size ±8,524 SF ±0.20 Acres APN 8336-022-008 Zoning Corridors SP - Downtown The Properties have a Walk Score of Existing Building Size ±8,238 SF 94 Year Built 1928 Lease Partially Occupied; Month-To-Month Pomona Specific Plan http://ci.pomona.ca.us/mm/comdev/plan/pdf/csp/PublicReviewDraft_2013-06-24_CorridorsSpecificPlan_web.pdf Entitled No City Council District Council District 1 Council Member Rubio R. Gonzalez www.PomonaRedevelopment.com 11 Address 383 N. Main St. 3 Pomona, CA 91768 W. Center St. Land Size ±7,796 SF ±0.18 Acres 3 APN 8336-024-008 Zoning Corridors SP - Downtown Existing Building Size ±2,400 SF Year Built 2003 Lease Month-To-Month Entitled No City Council District Council District 1 Council Member Rubio R. Gonzalez

N. Main St.

The Property has a Walk Score of 91

Pomona Specific Plan http://ci.pomona.ca.us/mm/comdev/plan/pdf/csp/PublicReviewDraft_2013-06-24_CorridorsSpecificPlan_web.pdf

www.PomonaRedevelopment.com 12 Address 109 W. Center St. 4 Pomona, CA 91768 N. Garey Ave. Land Size ±54,014 SF ±1.24 Acres APN 8336-022-901

Zoning Corridors SP - Downtown W. Center St. Parking Up to 90 Spaces Entitled No

City Council District Council District 1 4 Council Member Rubio R. Gonzalez W. Holt Ave.

The Seller has an Exclusive Negotiating Agreement in place with the City to acquire this parking lot at no cost as long as a new development provides up to 90 N. Main St. parking spaces for public parking.

The Property has a Walk Score of 94

Pomona Specific Plan http://ci.pomona.ca.us/mm/comdev/plan/pdf/csp/PublicReviewDraft_2013-06-24_CorridorsSpecificPlan_web.pdf

www.PomonaRedevelopment.com 13 Also Available – Separate Offering By Same Owner

The fee simple building located at 154-160 W. Holt Avenue in Pomona, CA (“Property”) is also available for sale. Approximately 10,375 SF of 3-story retail/office situated on the main thoroughfare of Holt Avenue, nearby Downtown Pomona. The property is well-located with numerous adjacent retail amenities and nearby public transportation. Previously used as a Banquet Hall and zoned for general commercial (to be reused as office, commercial or residential), this property offers an owner/user the unique ability to occupy a building nearby the rapidly improving Downtown Pomona corridor.

154-160 W. Holt Avenue Offering Brochure Available in the Data Room at www.PomonaRedevelopment.com

3 N. Main St 4 .

N. Garey Ave 1 2 154-160 W. Holt Avenue Also Available - W. Holt Ave. Separate Offering By . Same Owner

14 www.PomonaRedevelopment.com 14 (Continued)

Description 154-160 W. Holt Ave. Property Address Pomona, CA 91768 Asking Price $1,750,000 Total Building Area ±10,375 SF Land Area ±7,569 SF APN 8336-022-002 Stories 2 Year Built 1929 Frontage ±63’ (W. Holt Avenue) Percentage Vacant 100% Pomona Corridors Specific Plan – Zoning Neighborhood Center Uses* Reuse for Office, Retail, or Residential Abundant Free Surface Parking Parking directly behind the Property (City owned lot)

* Please contact the City Planning Department to verify all zoning and use related questions.

• Elegant Spanish Revival Style • Character-Defining Architectural Features • Wrought Iron Window Tracery • Wrought Iron Balconettes • Arched Façade Opening With Wood Doors and Surrounding Glass • Half-Round Metal-Framed Windows With Tinted Glass • Parapet Wall False Roof Eaves

154-160 W. Holt Avenue Offering Brochure Available in the Data Room at www.PomonaRedevelopment.com

15 www.PomonaRedevelopment.com 15 Area Overview

E. Monterey Ave. 3 N. Main St.

N. Garey Ave. 2 1

W. Holt Ave.

www.PomonaRedevelopment.com 16 POMONA On January 6, 1888, Pomona was incorporated as a City and became a charter City in 1911. Today, Pomona is the seventh largest city in Los Angeles County, with a population of over 151,000 residents. Pomona boasts a progressive economy, business opportunity, and a strong workforce with attractive shopping, recreational, and real estate offerings. The Pomona Valley had been a fruitful valley in the past and is now fruitful from the strength and efforts of its people. With a vision to promote harmonious diversity and economic prosperity, Pomona is vibrant community with progressive citizens leading, testing the limits of progress, and striving to provide a high quality of life for all of Pomona.

(www.ci.pomona.ca.us)

Pomona Downtown Metrolink Station

www.PomonaRedevelopment.com 17 Pomona Amenities

2 4 3

Pomona Redevelopment 1 221 W. Holt Ave. 2 499 N. Garey Ave. 2 441 N. Garey Ave. 2 415 N. Garey Ave. 3 383 N. Main St. 4 109 W. Center St.

18 MAJOR EMPLOYERS

• Pomona Unified School District • Pomona Valley Hospital Medical Center • California State Polytechnic University Pomona • Lanterman Developmental Center • City of Pomona • Casa Colina Rehabilitation Center • Verizon • County of Los Angeles Department of Social Services • First Transit • Cal Spas

www.PomonaRedevelopment.com 19 EDUCATION

Western University of Health Sciences is one of the largest graduate schools for the health professions in California. Alumni from this university are ranked among the top leaders in health care and medicine throughout the country and the world. The university offers 9 health sciences colleges and 20 degree programs, supported by approximately 1,100 employees. Its main campus in Southern California is one of the most thriving enterprises in the Pomona and Inland Valleys.

California State Polytechnic University, Pomona (Cal Poly Pomona) is a public polytechnic university established in 1938 and located in Pomona, California. It is only one of the seven polytechnic universities in the United States. Cal Poly Pomona has the oldest and largest hospitality management college in California. Also, it has the largest civil engineering student populations in the nation. Cal Poly Pomona offers 94 Bachelor’s degrees, 39 Master’s degrees, 13 teaching credentials, and a doctorate across 9 distinct academic colleges.

University of La Verne was founded in 1891 as a private not- for-profit university in La Verne, California that offers both undergraduate and graduate programs. More specifically, the university is composed of the College of Arts & Sciences, College of Business & Public Management, College of Education and Organizational Leadership, and College of Law.

The Claremont Colleges is a collaboration of five highly selective undergraduate colleges and two graduate institutions. The Colleges include Pomona College, Scripps College, Claremont McKenna College, Harvey Mudd College, Pitzer College, Claremont Graduate University, and Keck Graduate Institute. Each acedemic institution has its own campus, students, faculty, and mission.

www.PomonaRedevelopment.com 20 TRANSPORTATION

Lancaster

Palmdale METROLINK COMMUTER RAIL SYSTEM

Vincent Grade/ Acton

VENTURA Via Princessa LOS ANGELES SAN BERNARDINO CO. Santa Clarita CO. CO.

Newhall Subject Properties Sylmar/ San Fernando APU/CitrusAPU/CitrusGlendora College CollegeSan DimasLa VernePomona ClaremontMontclair Sun Valley GOLD LINE RAIL EXTENSION FOOTHILL TO MONTCLAIR Burbank Airport - North (AV Line) Ventura Ventura - East Oxnard CamarilloMoorparkSimi ValleyChatsworthNorthridge Van Nuys Burbank - Downtown San Bernardino - Glendale Cal StateEl L.A. MonteBaldwin CovinaPark Pomona Claremont- North MontclairUpland Rancho CucamongaFontana Rialto San BernardinoDowntown Depot** Chatsworth North Hollywood L.A. Union Station Atlantic 7th/Metro Wilshire/Western Burbank Airport - Pomona - South (VC Line)* Montebello/ Downtown Santa Monica Commerce Pomona - Jurupa Valley/ Industry Downtown Ontario - EastPedley Riverside- Hunter Park/

Commerce Riverside- UCR Placentia Corona - Norwalk Downtown Future Station Corona - West North Main Riverside- Moreno Valley/ La Sierra March Field PACIFIC OCEAN Redondo Beach Buena Park Anaheim Canyon Fullerton RIVERSIDE Norwalk/Santa Fe Springs CO. Perris - Effective April 3, 2017 Long Beach Anaheim Orange Downtown ORANGE Santa Ana CO. Tustin Irvine Perris - South

Antelope Valley Line Station Served by Laguna Niguel/ Mission Viejo Multiple Lines Inland Empire-Orange County Line Amtrak Pacific Surfliner Orange County Line Metro Rail/Metro Bus Riverside Line San Juan Capistrano San Bernardino Line LAX FlyAway Bus

Ventura County Line Coaster San Clemente Oceanside to San Diego SAN DIEGO 91/Perris Valley Line Sprinter CO. Future Station Oceanside to Escondido Escondido * Formerly Burbank/Bob Hope Airport Station ** Formerly San Bernardino Station N Solana Beach metrolinktrains.com Limited Service MAP NOT TO SCALE Oceanside San Diego Effective May 14, 2018 San Clemente Pier

The Metrolink Pomona - Downtown Station, served by the Riverside Line, is approximately a 4-7 minute walk from the Properties. Metrolink Pomona North Station, served by the San Bernardino Line, is approximately two miles away.

The Foothill Gold Line from Glendora to Montclair is a 12.3-mile extension of the Metro Gold Line light rail system. The project will add new Gold Line stations in the cities of Glendora, San Dimas, La Verne, Pomona, Claremont and Montclair. The future Pomona Station 21 will be located northeast of the Pomona North Metrolink station (east of Fulton Road and west of Garey Avenue). 21 RECREATION

DowntownPomona.com - Artwalk San Gabriel Mountains

Fairplex.com Raging Waters

Fairplex is located in Pomona, and is the name for the 487 acres that Los Raging Waters, located in San Dimas is California’s largest water Angeles County Fair Association (LACFA) uses for conducting the Los park. Raging Waters is landscaped over 50 acres of water slides and Angeles County Fair and year-round businesses. The LA County Fair is the attractions for all different ages, offering a family fun outing for everyone. largest of all the county fairs in California in terms of acreage, revenue and It features more water rides than any other water park in Southern employees. The LA County Fair is held each September, and generates a California. Last but not least, it is surrounded by various fast food chain national economic impact of more than $250 million. restaurants, making it very convenient to take a break to eat and return.

www.PomonaRedevelopment.com 22 Rent Comparables

W. Holt Ave. 1

3 4 2

E. Monterey Ave.

N. Garey Ave.

www.PomonaRedevelopment.com 23 RENT COMPARABLES MAP

3 Subject Properties 2 1 Monterey Station

2 Helix at University Village

3 777 Place www.PomonaRedevelopment.com 24 Monterey Station

349 Units 180 East Monterey Avenue Monterey Station Pomona, CA 91767 (909) 620-1155 1 MONTEREY STATION349 Units 180 EastCompleted Monterey Date Avenue Improvements Rating B+ 349 Units Common Area Amenities: December, 2014 Location Rating C Pomona,180 East MontereyCA 91767 Avenue Fitness Center, Clubhouse, 1 Swimming Pool, 1 Spa, Pomona, CA 91767 Rental OccupancyOffice - Stand Alone 98.0% (909)(909) 620-1155 620-1155 Common Area AmenitiesParking: - Fitness Center, Clubhouse, 1 Swimming CompletedCompletedPool, 1 Date DateSpa, Rental OfficeTotal - StandImprovements Parking Alone - 733 Spaces, Rating CoveredB+ Parking Is Available For An December,Parking 2014 - Total Parking - 733 Spaces, Covered Parking Is Available For December, 2014 AdditionalLocation $0 PerRating Month, Parking TypeC - Grade Level ImprovementsAn Additional Rating: $0 PerB+ Month, Parking Type - Grade Level Private Balcony/Patio, Construction Type - Occupancy:Functional 98.0% CharacteristicsFunctional - Characteristics: 98.0% Frame Occupancy Private Balcony/Patio, Construction Type - Frame CommonApartment Area Amenities Interior Amenities - Fitness - InternetCenter, Access,Clubhouse, Above 1 SwimmingStandard Ceiling Height, Microwave Ovens Pool, 1 Spa, Rental Office - StandApartment Alone Interior Amenities: Parking - Total Parking - 733 InternetSpaces, Access, Covered Above Parking Standard Is Available Ceiling Height, For Microwave Ovens Unit Type An AdditionalUnit $0 Per Month, ParkingSize (SqFt)Type - Grade LevelActual Rent Private Balcony/Patio, Construction Type - Unit Description FunctionalCount Characteristics% of Total - Unit Total Total SqFt Frame Studio Apartment34 Interior 9.74%Amenities - Internet384 13,056Access, Above$1,493 Standard Ceiling$3.89 Height, Microwave Ovens Studio 24 6.88% 401 9,624 $1,535 $3.83 Loft/Studio 19 5.44% 565 10,735 $1,616 $2.86 Unit Type Unit Size (SqFt) Actual Rent Live-Work 34 9.74% 641 21,794 $1,556 $2.43 Unit Description Count % of Total Unit Total Total SqFt Live-Work 4 1.15% 975 3,900 $1,991 $2.04 Studio 34 9.74% 384 13,056 $1,493 $3.89 One Bedroom 60 17.19% 618 37,080 $1,495 $2.42 Studio One Bedroom 24 12 6.88%3.44% 401641 9,6247,692 $1,535$1,586 $3.83$2.47 Loft/StudioOne Bedroom 19 92 5.44%26.36% 565648 10,73559,616 $1,616$1,658 $2.86$2.56 Live-WorkTwo Bedroom/One Bath 34 4 9.74%1.15% 641831 21,7943,324 $1,556$1,935 $2.43$2.33 Live-WorkTwo Bedroom/One Bath 4 10 1.15%2.87% 975880 3,9008,800 $1,991$1,726 $2.04$1.96 One BedroomTwo Bedroom/One Bath 60 8 17.19%2.29% 618915 37,0807,320 $1,495$1,871 $2.42$2.04 One BedroomTwo Bedroom/One Bath 12 1 3.44%0.29% 641944 7,692944 $1,586$1,889 $2.47$2.00 One BedroomTwo Bedroom/One Bath 92 6 26.36%1.72% 648946 59,6165,676 $1,658$1,977 $2.56$2.09 Two Bedroom/OneTwo Bedroom/Two Bath Bath 4 3 1.15%0.86% 831956 3,3242,868 $1,935$1,842 $2.33$1.93 Two Bedroom/OneTwo Bedroom/Two Bath Bath 10 13 2.87%3.72% 880972 8,80012,636 $1,726$1,879 $1.96$1.93 Two Bedroom/Two Bath 9 2.58% 978 8,802 $1,895 $1.94 Two Bedroom/One Bath 8 2.29% 915 7,320 $1,871 $2.04 Two Bedroom/Two Bath 16 4.58% 1,075 17,200 $2,295 $2.13 Two Bedroom/One Bath 1 0.29% 944 944 $1,889 $2.00 Total/Average 349 100% 662 231,067 $1,656 $2.50 25 Two Bedroom/One Bath 6 1.72% 946 5,676 $1,977 $2.09 Two Bedroom/Two Bath 3 0.86% 956 2,868 $1,842 $1.93 Two Bedroom/Two Bath 13 3.72% 972 12,636 $1,879 $1.93 Two Bedroom/Two Bath 9 2.58% 978 8,802 $1,895 $1.94 Source: Occupancy data derived from USPS records Two Bedroom/Two Bath 16 4.58% 1,075 17,200 $2,295 $2.13 Page 4 of 4 Total/Average 349 100% 662 231,067 $1,656 $2.50

Source: Occupancy data derived from USPS records

Page 4 of 4 2 HELIXHelix at University AT UNIVERSITY Village VILLAGE 100 Units100 Units 510 East 3rd Street 510 EastPomona, 3rd StreetCA 91766 (909) 865-1810 Helix at University Village Pomona, CA 91766 Completed Date 100(909) UnitsMarch, 865-1810 2006 Improvements Rating: C+ 510Completed East 3rd Street Date Improvements Rating C+ Common Area Amenities: Pomona,March,Controlled CA 2006 91766 Access, One LaundryLocation Facilities, Rating Fitness Center, BusinessC (909) 865-1810Center, CommonRental Area Office Amenities - Stand Alone - Controlled Access, One Laundry Facilities, CompletedFitness Center, Date Business Center,Improvements Rental Office Rating - Stand AloneC+ ParkingParking: - Total Parking - 150 Spaces, Parking Type - Grade Level March,Functional 2006Total Parking Characteristics - 150 Spaces,Location - ParkingPrivate Type RatingBalcony/Patio - Grade Level Top C Floor Units Only, Construction Type - Frame CommonApartmentFunctional Area InteriorAmenities Characteristics: Amenities - Controlled - Internet Access, Access, One Laundry Above Facilities,Standard Ceiling FitnessHeight, Center,Private Microwave Balcony/PatioBusiness Ovens Center, Top FloorRental Units Office Only, - StandConstruction Alone Type - Frame Parking - Total Parking - 150 Spaces, Parking Type - Grade Level FunctionalApartment Characteristics Interior Amenities: - Private Balcony/Patio Top Floor Units Only, Unit Type ConstructionInternetUnit Type Access, - Frame Above StandardSize (SqFt) Ceiling Height, MicrowaveActual Ovens Rent Unit Description CountApartment Interior% of Total AmenitiesUnit - Internet Access,Total AboveTotal Standard CeilingSqFt Height, Microwave Ovens Studio 24 24.00% 336 8,064 $1,249 $3.72

One BedroomUnit Type Unit24 24.00% Size (SqFt)588 14,112 Actual$1,395 Rent $2.37 Two Bedroom/OneUnit Description Bath Count 52% of Total52.00%Unit 835Total43,420 Total $1,783SqFt $2.14 StudioTotal/Average 24100 24.00%100% 336 656 8,06465,596 $1,249$1,562 $3.72$2.38 One Bedroom 24 24.00% 588 14,112 $1,395 $2.37 Two Bedroom/One Bath 52 52.00% 835 43,420 $1,783 $2.14 Total/Average 100 100% 656 65,596 $1,562 $2.38

www.PomonaRedevelopment.com 26

Source: Occupancy data derived from USPS records

Page 3 of 4 Source: Occupancy data derived from USPS records

Page 3 of 4 777 Place

472 Units 777 East 3rd Street Pomona, CA 91766 (909) 620-7275 777 Place Completed472 Units Date Improvements Rating B- 3 777 PLACE 777 East 3rd Street Common Area Amenities - Controlled Ac- January,472Pomona, Units 1986 CA 91766 Locationcess, NineRating Laundry Facilities,C (909) 620-7275 Fitness Center, Business Center, Clubhouse, Phase777 East II June, 3rd Street 1986 Occupancy1 Swimming Pool, 2 Spas, 88.8% Completed Date Rental Office - Stand Alone PriorPomona,January, Names 1986 CA 91766 (909) 620-7275 Parking - Total Parking - 345 Spaces, Parking MetropolitanPhase II at University Village, The Plaza, The/Park Type - Grade Level CompletedJune, 1986 Date Improvements Rating B- Common Area Amenities - ControlledFunctional Access, Characteristics Nine Laundry - PrivateFacilities, Balcony/ Prior Names FitnessJanuary, Center, 1986 Business Center,Location Clubhouse,Patio, ConstructionRating 1 Swimming Type Pool,- FrameC 2 Spas, Metropolitan at University Village, Rental Office - Stand Alone PhaseThe Plaza, II June, The/Park 1986 Occupancy 88.8% Parking - Total Parking - 345 Spaces,Apartment Parking InteriorType - AmenitiesGrade Level - Internet FunctionalPriorImprovements Names Characteristics Rating: B- - PrivateAccess, Balcony/Patio, Normal Standard Construction Type - FrameOccupancy: 88.8% Ceiling Height, Microwave Ovens ApartmentMetropolitan Interior at University Amenities Village, - Internet The Access, Normal Standard CeilingPlaza, The/ParkHeight, Microwave Ovens Common Area Amenities - Controlled Access, Nine Laundry Facilities, Fitness Center, Business Center, Clubhouse, 1 Swimming Pool, 2 Spas, Unit Type Unit Size (SqFt) Actual Rent Rental Office - Stand Alone Unit Description CountParking %- Total of Total Parking - 345Unit Spaces,Total Parking TypeTotal - Grade LevelSqFt One Bedroom Functional35 Characteristics7.42% -450 Private 15,750Balcony/Patio,$1,367 Construction Type$3.04 - Frame One Bedroom Apartment5 Interior1.06% Amenities525 - Internet2,625 Access, Normal$1,392 Standard $2.65 Ceiling Height, Microwave Ovens One Bedroom 90 19.07% 567 51,030 $1,493 $2.63 One Bedroom 10 2.12% 630 6,300 $1,519 $2.41 Unit Type Unit Size (SqFt) Actual Rent One Bedroom 132 27.97% 483 63,756 $1,458 $3.02 Unit Description Count % of Total Unit Total Total SqFt Two Bedroom/One and One Quarter Bath 70 14.83% 830 58,100 $1,792 $2.16 One Bedroom 35 7.42% 450 15,750 $1,367 $3.04 Two Bedroom/One and One Half Bath 20 4.24% 890 17,800 $1,869 $2.10 One Bedroom 5 1.06% 525 2,625 $1,392 $2.65 Two Bedroom/Two Bath 50 10.59% 912 45,600 $1,925 $2.11 One Bedroom 90 19.07% 567 51,030 $1,493 $2.63 Two Bedroom/One Bath 60 12.71% 714 42,840 $1,758 $2.46 One Bedroom 10 2.12% 630 6,300 $1,519 $2.41 Total/Average 472 100% 644 303,801 $1,613 $2.51 One Bedroom 132 27.97% 483 63,756 $1,458 $3.02

Two Bedroom/One and One Quarter Bath 70 14.83% 830 58,100www.PomonaRedevelopment.com$1,792 $2.16 27 Two Bedroom/One and One Half Bath 20 4.24% 890 17,800 $1,869 $2.10 Two Bedroom/Two Bath 50 10.59% 912 45,600 $1,925 $2.11 Two Bedroom/One Bath 60 12.71% 714 42,840 $1,758 $2.46 Total/Average 472 100% 644 303,801 $1,613 $2.51

Source: Occupancy data derived from USPS records

Page 1 of 4

Source: Occupancy data derived from USPS records

Page 1 of 4 Affiliated Business Disclosure CBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, properties and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the properties described in this Memorandum (the “Properties”), and may be the successful bidder for the Properties. Your receipt of this Memorandum constitutes your acknowledgement of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Properties. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).

Confidentiality Agreement Your receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Properties, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Properties (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Properties, kindly return it to CBRE, Inc.

Disclaimer This Memorandum contains select information pertaining to the Properties and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Properties. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Properties. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Properties may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Properties’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Properties, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.

CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the properties of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE.

© 2020 CBRE, Inc. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the properties. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the properties to determine to your satisfaction the suitability of the properties for your needs. www.PomonaRedevelopment.com 28 FOR SALE Redevelopment Opportunity Transit Oriented Potential for Urban Core - Pomona, CA Development Up to ±3.41 Acres Available as a Portfolio or Individually Neighborhood

LAURIE LUSTIG-BOWER CHALVIS R. EVANS KAMRAN PAYDAR KYLE BARRATT NEW Bid Due Date: Thursday, April 30, 2020 by 5:00 PM Executive Vice President Managing Director Vice President Vice President (Extended due to COVID-19) +1 310 550 2556 +1 818 907 4635 +1 310 550 2529 +1 818 907 4650 www.PomonaRedevelopment.com29 [email protected] [email protected] [email protected] [email protected] 29 Lic. 00979360 Lic. 01318400 Lic. 012425920 Lic. 01900653