OFFERING MEMORANDUM MIRAMONTE MASTERPLAN 448 UNITS | TTM APPROVED SPARKS, WASHOE COUNTY, NV SUBJECT SITE

BELMAR DR

VISTA HEIGHTS DR

LOS ALTOS PKWY The Hoffman Company CULPEPPER DR

THE HOFFMAN COMPANY Office 410 South Rampart Blvd, Suite 390 , Nevada 89145 T (702) 726-6925 • www.hoffmanland.com Nevada Lic # B.1000466 DISCLAIMER OFFERING MEMORANDUM The information contained in this offering material (“Brochure”) is furnished solely for the purpose of a review by prospective purchaser of any portion of the subject AGENT CONTACT property in the City of Sparks, County of Washoe, Nevada (“Property”) and is not to be used for any other purpose or made available to any other person without the express written consent of Scheel Dallape Inc. d/b/a The Hoffman Company (“The Hoffman Company”). The material is based in part upon information obtained by The Hoffman Company from sources it deems reasonably reliable. Summaries of any documents are not intended to be comprehensive or all inclusive but rather only Kyle Barnes an outline of some of the provisions contained therein. No warranty or representation, expressed or implied, is made by Seller, The Hoffman Company, or any of their T (702) 290-7844 respective affiliates, as to the accuracy or completeness of the information contained herein or as to engineering or environmental matters. Prospective purchasers should make their own projections and conclusions without reliance upon the materials contained herein and conduct their own independent due diligence, including [email protected] engineering and environmental inspections, to determine the condition of the Property and the existence of any potentially hazardous material located at the site. NVRED: S.0182721 This Brochure was prepared by The Hoffman Company. It contains select information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may desire. All assumptions are provided for general reference purposes only and are based on assumptions relating to the general economy, competition and other factors beyond control and, therefore, are subject to material change or variation. In this Brochure, certain documents and other materials are described in summary form. The summaries do not purport to be complete nor, necessarily, accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to independently review all documents. This Brochure is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the Property by The Hoffman Company or the Seller. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the advisability of purchasing the Property described herein. Seller and The Hoffman Company expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the property and/ or to terminate discussions with any party at any time with or without notice. Seller shall have no legal commitment or obligation to any purchaser reviewing this Brochure or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered and approved by the Seller and any conditions to Seller’s obligations there under have been satisfied or waived. The Hoffman Company is not authorized to make any representations or agreements on behalf of Seller. This Brochure is the Property of The Hoffman Company and may be used only by parties approved by The Hoffman Company. The Property is privately offered and, by accepting this Brochure, the party in possession hereof agrees (i) to return it to The Hoffman Company immediately upon request of The Hoffman Company or Seller and (ii) that this Brochure and its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Brochure may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of The Hoffman Company and Seller. Please be advised, Buyer acknowledges that The Hoffman Company Organization, may (1) act as an agent for more than one prospective Buyer on the subject property and/or (2) act as the agent for both the Buyer and Seller on the subject property. Any prospective Buyer requesting The Hoffman Company to submit an offer on its behalf acknowledges the foregoing disclosures and agrees to the described agency relationships with other prospective Buyers. POSSIBLE REPRESENTATION OF MORE THAN ONE BUYER OR SELLER - DISCLOSURE AND CONSENT (C.A.R. Form PRBS, 11/14) A real estate broker (Broker), whether a corporation, partnership or sole proprietorship, may represent more than one buyer or seller. This multiple representation can occur through an individual licensed as a broker or salesperson or through different individual broker’s or salespersons (associate licensees) acting under the Broker’s license. The associate licensees may be working out of the same or different office locations. Multiple Buyers: Broker (individually or through its associate licensees) may be working with many prospective buyers at the same time. These prospective buyers may have an interest in, and make offers on, the same properties. Some of these properties may be listed with Broker and some may not. Broker will not limit or restrict any particular buyer from making an offer on any particular property whether or not Broker represents other buyers interested in the same property. Multiple Sellers: Broker (individually or through its associate licensees) may have listings on many properties at the same time. As a result, Broker will attempt to find buyers for each of those listed properties. Some listed properties may appeal to the same prospective buyers. Some properties may attract more prospective buyers The than others. Some of these prospective buyers may be represented by Broker and some may not. Broker will market all listed properties to all prospective buyers whether or not Broker has another or other listed properties that may appeal to the same prospective buyers. Hoffman Dual Agency: If Seller is represented by Broker, Seller acknowledges that broker may represent prospective buyers of Seller’s property and consents to Broker acting Company as a dual agent for both seller and buyer in that transaction. If Buyer is represented by Broker, buyer acknowledges that Broker may represent sellers of property that Buyer is interested in acquiring and consents to Broker acting as a dual agent for both buyer and seller with regard to that property. In the event of dual agency, seller and buyer agree that: (a) Broker, without the prior written consent of the Buyer, will not disclose to seller that the Buyer is willing to pay a price greater than the offered price; (b) Broker, without the prior written consent of the seller, will not disclose to the buyer that seller is willing to sell property THE HOFFMAN COMPANY at a price less than the listing price; and (c) other than as set forth in (a) and (b) above, a dual agent is obligated to disclose known facts materially affecting the value or desirability of the property to both parties. Nevada Office Offers not necessarily confidential: Buyer is advised that seller or listing agent may disclose the existence, terms, or conditions of buyer’s offer unless all parties and 410 South Rampart Blvd, Suite 390 their agent have signed a written confidentiality agreement. Whether any such information is actually disclosed depends on many factors, such as current market Las Vegas, Nevada 89145 conditions, the prevailing practice in the real estate community, the listing agent’s marketing strategy and the instructions of the seller. T (702) 726-6925 • www.hoffmanland.com Buyer and seller understand that Broker may represent more than one buyer or more than one seller and even both buyer and seller on the same transaction and Nevada Lic # B.1000466 consents to such relationships. The terms and conditions set forth above apply to this Brochure in its entirety. TABLE OF CONTENTS

01 Property Overview

Site Detail 5 Conditions of Approval 6 Feasbility Study 7

02 Land Comparables Land Comparables 9

03 Maps, Aerials & Photos Close Up Aerial 11 Regional Map 12 Freeway Access Map 13 Job Centers 14 Major Hubs 15 Nearby Retail 16 Nearby Attractions 17 Nearby Projects 18-19 Assessor’s Parcel Map 20 Site Plan 21 Preliminary Landscape Plan 22 Cut, Fill & Utility Map 23 Property Photos 24-25

04 New Home Projects City Demographics 27 New Home Projects 28 01 Property Overview Property Overview MIRAMONTE 448 5

Site Detail

OVERVIEW ZONING The subject site encompasses (+/-165) contiguous acres and is part of the Master Planned NUD Community Miramonte in Sparks, NV. Offering sweeping city and mountain views, natural outdoor pursuits, and nearly immediate access to major amenities makes Miramonte CONDITIONS one of a kind in this submarket, and sits today as an established MPC with available land The site will be sold “as is". ready for development. The attached product portion (+/-165 acres) of the offering has a current tentative map for (448) lots, and the sellers have recently completed an exhaustive CONDITION OF SITE engineering and feasibility study in preparation for the sale of the asset. This offering The site has not been improved and is to be considered raw land. provides a unique opportunity to capitalize on the fast paced growth seen in the Northern Nevada real estate market in an established and well performing MPC. PROPOSED DEAL STRUCTURE All Cash/Bulk. Miramonte is within close proximity to major transportation arterials including Los Altos Pkwy, Vista Blvd, and access to Interstate 80 along both Vista Blvd and Sparks Blvd. The ASKING PRICE site is less than (10) minutes from Class A retail including the D’Andrea Marketplace, The Submit. Legends outlet mall, and the Sparks Galleria shopping center. Major employment centers include the Tahoe-Reno Industrial Center, the hotel-casino corridor, and the University of DUE DILIGENCE PERIOD Nevada, Reno. Nearby schools include Bud Beasley Elementary School, Mendive Middle The Due Diligence Period shall commence upon buyer acceptance of the LOI and delivery School, and Reed High School. The site also offers quick access to entertainment in the of all due diligence materials. The due diligence period shall be 60 days. form of Wild Island Family Adventure park, downtown Sparks, and Victorian Square.

DEPOSITS LOCATION The Initial Deposit of two percent (2.0%) of the purchase price shall be made at the Opening The subject property is located in the master planned community of Miramonte at the of Escrow and shall remain refundable during the Due Diligence Period. A Second Deposit intersection of Los Altos Pkwy & Belmar Dr. of eight percent (8.0%) shall be placed into Escrow prior to expiration of the Due Diligence Period. The sum of the Initial Deposit and Second Deposit shall equal a Total Deposit of ten ASSESSOR’S PARCEL NUMBER percent (10.0%) of the Purchase Price. Upon Buyer’s approval of its Due Diligence, the Total 514-010-84 Deposit shall be released to the Seller and shall be non-refundable except for Seller default.

H Property Overview MIRAMONTE 448 6

Conditions of Approval Source: City of Sparks

1. APPROVAL: 7. DAMS ASSOCIATED WITH ACCESS ROADS: 13. LANDSCAPE PLANS: The project is approved as submitted and conditioned. The developer shall submit plans for the construction The developer shall submit landscape plans for the Any substantive change shall require review and of the dams associated with the access roads into the project for review and approval of the administrator approval by the planning commission and city council as project for review and approval by the city engineer and prior to the recordation of the final map for this project. an amendment to this tentative map. the state engineer prior to the recordation of a final map Maintenance of the landscaping in the common areas for the project and along the right of way shall be the responsibility of 2. EXPIRATION DATE: the developer or homeowners association. The tentative map shall expire within four (4) years of the 8. HYDROLOGICAL REPORT: date of the city council approval, unless the final map The developer shall provide a final hydrological report for 14. FIRE RESPONSE TIME: or series of final maps has been recorded in accordance the project in conformance with the Truckee meadows An analysis to determine whether this project meets the with Nevada revised statutes (n.R.S.) 278.360. regional drainage manual for review and approval by the 6 minute response time standard shall be conducted city engineer prior to recordation of a final map for the for review and approval by the city engineer and the 3. DISTRICT HEALTH: project. fire chief prior to the recordation of the final map. If The developer shall comply with the district health the analysis determines that this project is outside department's letter from bob sack dated march 6, 9. PROJECT DESCRIPTION: the 6 minute response time mitigation measures shall 2017 regarding miramonte townhomes prior to the The project approval is limited to 448 townhome lots on submitted for review and approval by the fire chief prior recordation of a final map for this project. approximately 35 acres. to the recordation of the final map. 4. REGIONAL TRANSPORTATION COMMISSION: 10. GEOTECHNICAL REPORT: 14. AMENITIES: The developer shall comply with the regional The developer shall provide a final geotechnical report The developer shall submit a plan and list of the amenities transportation commission's letter from Rebecca Kapuler for the project for review and approval by the city provided on site in compliance with the sparks municipal dated March 7, 2017 regarding Miramonte townhomes engineer prior to the recordation of any final map for this code for review and approval of the administrator prior prior to the recordation of a final map for this project. project. to the recordation of the first final map for this project. 5. WATER RIGHTS: 11. SANITARY SEWER REPORT: The developer shall dedicate sufficient water rights per The developer shall provide a final sanitary sewer report s.M.C. 17. L 2.075(A) ( l) to adequately serve the project for the project for review and approval by the city prior to recordation of any final map for this project. engineer prior to the recordation of any final map for this project. 6. GRADING AND DRAINAGE PLAN: The developer shall submit a final grading and drainage 12. RESIDENTIAL ARCHITECTURE: plan for the project for review and approval by the city The developer shall submit for review and approval engineer prior to the recordation of a final map for the by the administrator the architecture of all sides of all project. buildings including building materials and colors prior to recordation of the first final map for this project.

H Property Overview MIRAMONTE 448 7

Miramonte Multi Family Feasibility Study - Executive Summary Source: Places Consulting Services, INC.

MAJOR COST ESTIMATE CATEGORIES In Addition, there are a couple of additional utility access road extensions and modifications The following key map illustrates the location of major development components that are necessary to access storm drain inlets and outlets and proposed sanitary · sewer manholes. included in the following cost estimates. Most of these developments components are These roads are typically paved and 12 feet wide. considered “off-sites” and are included in the following Off-Site Extra-Ordinary Cost Estimate Total estimated cost for both types of access is $550,884. Refer to detailed cost estimates, spreadsheet. There are two “On-Site” spreadsheets, one if developed for Multi-Family and Section 2 the other if developed for Townhouses. STORM DRAIN MASS GRADING There are two significant existing drainage ways that the above access roads and utilities will This is the single largest cost to develop this project. In order to create a developable pad for have to cross to access the site. Both of these have existing storm drain pipes within them, the 448 unit townhouse/multi-family project, it will require the movement of over 580,000 but they are not adequately sized or located to accommodate above roadway crossings. cu. yd’s of material at a cost of over 3.7 million dollars. Refer to the following detailed Through the preliminary hydrology study the storm drain pipe sizes and locations have cost estimate by Joy Engineering. It is at a cost of over $8,000 per unit. The cost of all been established as shown on the preliminary plans. The approximate cost for these storm improvements combined for the apartment project on a per unit basis is $26,960 per unit, drain improvements is estimated at $388,902. (Refer to detailed cost estimates in Section 2) see Cost Per Unit Summary (Section 2). SANITARY SEWER PRIMARY ACCESS An 8” Sanitary Sewer line to serve the project is proposed to be constructed adjacent to an Primary access will be provided from an existing public street, Belmar Drive. A private existing storm sewer access road. This line will be connected to an existing 8” line in Belmar roadway would be constructed from Belmar Dr. comprised of two 12-foot-wide lanes with Drive. The estimated cost for this line is $194,426. Refer to detailed off-site cost estimate two 5-foot-wide bike lanes, curb and gutter and a 5-foot-wide sidewalk at back of curb. in Section 2. A sanitary sewer easement was obtained for this line across the adjoining This roadway would be the corridor to extend most utilities to the site, including water, owner’s property. Refer to Section 4 for a copy of the Desert HIghlands Homeowners gas, electric, phone and cable. The total estimated cost of the access road and utilities is Association Easement Agreement. approximately $1,234,312 (see detailed cost estimates) This roadway alignment (refer to plans) involves constructing fills of approximately 35 to Development Fee Estimate 40 feet in some areas. Two access and public utility easements have been obtained The following Development Fee Estimate is based on existing or known proposed fees by from the owners of the property adjacent to Belmar Dr. (APN: 512-112-05) and the Desert applicable local governments and agencies. Some of these fees cannot be determined until Highnlands Homeowners Association. (APN: 514-310-02). Refer to Section 4, for copies of final improvement plans are submitted, so the are estimated here based on currently known the agreements. information.

EMERGENCY ACCESS & UTILITY ACCESS ROADS Cost Per Unit Summary A second point of access is required for all projects in Sparks. It can be an emergency access Utilizing a 20% contingency factor, The total estimated cost to construct the project is which is what is proposed for this project. A paved road is required, typically 20 feet wide approximately $31,556 per unit (Refer to cost per unit summary Section 2). with no curb, gutter or sidewalk. It would be a gated access point, accessible to emergency vehicles only. It would start at an extension of existing Iridium Drive and extend south to the project. (Refer to plans Section 5). There are cuts and fills in the 20 to 25-foot range necessary to construct this emergency access.

H 02 LAND COMPARABLES Land Comparables MIRAMONTE 448 9

Land Comparables

NO. APN DATE VALUE PRICE/ACRE ACRES ZONING

1 510-071-44 8/2/2017 $9,584,500.00 $121,322.78 79 NUD 3 4

2 510-071-46 8/27/2018 $8,895,239.00 $1,144,818.40 7.77 NUD

3 528-020-16 6/15/2018 $12,500,000.00 $78,125.00 160 NUD

5 4 528-311-10 12/20/2018 $6,042,000.00 $225,279.64 26.82 NUD 1 VISTA BLVD

2 5 536-040-01 8/23/2017 $8,128,340.00 $255,287.06 31.84 NUD

PYRAMID WAY

SUBJECT SITE SPARKS BLVD SPARKS

H 03 Maps, Aerials & Photos Maps, Aerials & Photos MIRAMONTE 448 11

Close Up Aerial

BELMAR DR

H Maps, Aerials & Photos MIRAMONTE 448 12

Regional Map

SUN VALLEY 395 445 SUBJECT SITE

659

80

80 RENO 659 647 580

HIDDEN VALLEY

H Maps, Aerials & Photos MIRAMONTE 448 13

Freeway Access Map

KEY HWY/FWY DISTANCE TIME VIA

80 4.8 Miles 10 Minutes Vista Boulevard

659 4.1 Miles 11 Minutes Baring Boulevard

SUBJECT SITE

395 7.1 Miles 17 Minutes NV-659

V IS TA BLV 580 9.7 Miles 16 Minutes I-80 East D

BARING BLVD

395 659

80 580

H Maps, Aerials & Photos MIRAMONTE 448 14

Job Centers

DISTANCE TIME KEY PLACE (MILES) (MIN) CASINO/RESORT 1 Inn & Casino 5.0 14 SUBJECT SITE 2 10.5 19

3 Grand Sierra Casino 9.5 19

4 Dotty's Casino 7.2 16

5 Atlantis Casino Resort Spa 13.7 22 395

6 Peppermill Reno 12.9 22

Silver Legacy Resort Casino 10.4 18 7 8 SCHOOL/UNIVERSITY 10 8 The University of Nevada 7.5 19 4 1 13 7 11 9 The University of Nevada – School of Medicine 8.0 21 2 9 3 MEDICAL 12 80 10 Northern Nevada Medical Center 3.1 9 659 15 14 11 Renown Rehabilitation Hospital 9.7 19 6 12 VA Sierra Nevada Health Care System 11.2 21 5 13 Saint Mary's Regional Medical Center 10.5 20 AIRPORT 14 Reno-Tahoe International Airport 11.6 18 INDUSTRIAL 15 Tahoe - Reno Industrial Park 18.5 25 580

H Maps, Aerials & Photos MIRAMONTE 448 15

Major Hubs

UNIVERSITY OF NEVADA, RENO SUBJECT SITE

PYRAMID WAY 10 Miles 395

80 80 RENO-TAHOE INTERNATIONAL AIRPORT

TAHOE-RENO INDUSTRIAL PARK 659 12 Miles SOUTH RENO 11 580 Miles

20 Miles

H Maps, Aerials & Photos MIRAMONTE 448 16

Nearby Retail

SPARKS GALLERIA SHOPPING CENTER

SUBJECT SITE

PYRAMID WAY

Y Y

W W

K P S ALTO LOS

D’ANDREA MARKET PLACE

659

D D

V V

L L

B B

S S

K K

R R

A A

P P D

D THE OUTLETS AT LEGENDS

S S

V V

L L

B B

A A

T T

S S

N MCCARRAN BLVD MCCARRAN N

I I

V V PRATER WAY

8080

H Maps, Aerials & Photos MIRAMONTE 448 17

Nearby Attractions

VICTORIAN SQUARE

SUBJECT SITE

Y Y

W W

K P S DT SPARKS ALTO LOS

659

D D

V V

L L

B B

S S

K K

R R

A A

P P

D D

S S

V V

L L

PYRAMID WAY

B B

A A

T T

S S

N MCCARRAN BLVD MCCARRAN N

I PRATER WAY I

V V

580

H Maps, Aerials & Photos MIRAMONTE 448 18

Nearby Projects

OVERVIEW • 30 New Buildings* | 2,000 Residences • 750,000 sf. of Office & Commercial Space • Central Plant Heating & Cooling | Organic Water • Inspired Art & Public Spaces | Two Hotel Sites • 5,000 Parking Spaces Reclamation

WEST 2ND DISTRICT Downtown Reno Revitalization Project As Reno’s first mixed-use neighborhood and a cornerstone of the city’s urban reboot, ingenuity and expertise will define this pioneering zone. By employing breakthrough strategies in design, engineering, construction, and environmental systems, we’re creating a game-changing new culture place. The West 2nd District mindfully integrates with, and reactivates, its surrounding historical and architectural environs. The approximately 17-acre neighborhood is planned along the Truckee River on the west side of Reno’s downtown.

Source: west2nddistrict.com

THE TAHOE-RENO INDUSTRIAL PARK Large Manufacturing Area Home to Both Switch and Tesla The Tahoe Reno Industrial Center is a remarkable, massive 107,000-acre park that encompasses a 30,000 acre industrial complex. It is located in Storey County, Nevada approximately nine miles east of the Reno-Sparks area on the 1-80 freeway. The center is a 15-minute drive from the Reno Tahoe International Airport. The main entrances are the Patrick and USA Parkway interchanges off of 1-80. Both the Union Pacific Railway and the Burlington Northern Santa Fe Railway service selected areas of the industrial center. TRI Center currently has approximately 15,000 acres in Phase I, Phase II and Phase III zoned for industrial use, with plans of future expansion. This vast park is intended to be a mixed-use, nonresidential development, consisting of a wide range of industrial, office and commercial businesses. There is approximately 11 million SF of industrial space now in use by almost 130 companies. Please reference our maps as they show the general location of TRI Center, its massive size and location relative to the surrounding region. There are parcel sizes immediately available from 1/2 acre to over 5,000 acres. Your facility can be on a “fast track” schedule because the sites are pre-approved for industrial land use and located in a pro industrial development county.

Source: tahoereno.com

H Maps, Aerials & Photos MIRAMONTE 448 19

Nearby Projects

STONEGATE MPC 1,400 Acres Master Planned Community to be developed over 20 years StoneGate Reno is a smart 20-year, multi-phased master planned community nestled in the pine trees and meadows of northwest Peavine Mountain on the historic Heinz Ranch. StoneGate Reno will be northern Nevada’s first development of its kind, and will maximize re- use of the high desert’s limited natural resource of water, while preserving the pristine beauty of Laughton Valley. Homes of varying sizes will be seamlessly knitted into the mountain and valley contours, while integrating walkable pathways into the rustic, rural and natural settings of Heinz Ranch. StoneGate promises to meet the housing demands created by Nevada’s successful economic diversification policies—with an unmatched 21st century intelligently planned and environmentally friendly lifestyle that co-exists with the mountainside’s abundant natural resources. The ±1,737-acre master planned community will provide for ±5,000 dwelling units and over 25 percent of the site will be retained as common open space. The mixed-use Town Center is planned for a Washoe County School District high school, grocery store, retail outlets, restaurants, medical offices, manufacturing, and recreation. StoneGate is uniquely positioned to meet the job/housing balance with homes connecting a modern living environment to nature.

Source: west2nddistrict.com

THE TESLA GIGAFACTORY Lithium-ion Battery And Electric Vehicle Subassembly Factory Tesla broke ground on the Gigafactory in June 2014 outside Sparks, Nevada. The name Gigafactory comes from the word 'Giga,' the unit of measurement representing “billions.” The Gigafactory is being built in phases so that Tesla can begin manufacturing immediately inside the finished sections and continue to expand thereafter. Already, the current structure has a footprint of more than 1.9 million sf., which houses approximately 5.3 million sf. of operational space across several floors. Still, the Gigafactory is about 30 percent done. Once complete, Tesla expects the Gigafactory to be the biggest building in the world – and entirely powered by renewable energy sources. Designed to be a net zero energy factory upon completion, the facility will be primarily powered by solar, and installation is already underway.

Source: www.tesla.com/gigafactory

H Maps, Aerials & Photos MIRAMONTE 448 20

Assessor’s Parcel Map

H Maps, Aerials & Photos MIRAMONTE 448 21

Site Plan

H FORT APACHE HOMES LLC Maps, Aerials & Photos MIRAMONTE 448 22

PreliminaryMIRAMONTE Landscape Plan TOWN HOME COMMUNITY

H Maps, Aerials & Photos MIRAMONTE 448 23

Cut, Fill & Utility Map

H Maps, Aerials & Photos MIRAMONTE 448 24

Property Photos

H Maps, Aerials & Photos MIRAMONTE 448 25

Property Photos

H 04 NEW HOME PROJECTS New Home Projects ± 5 AC C-2 COMMERCIAL LAND 27

Sparks City Demographics

State Nevada County Washoe Mayor Ed Lawson Incorporated March 15, 1905 Website cityofsparks.us POPULATION (2020) WEATHER

Total Population 108,334 No. of Households 38,056 Median Household Income $76,071v January July Precipitation Average Average Average Homeownership Rate 57.5% 47º Hi 92º Hi 8.33” Yr Median Age 37.8 23º Lo 53º Lo

Source: wikipedia.org Source: worldpopulationreview.com Source: weather.com

TOTAL POPULATION MAJOR EMPLOYERS Historical Annual Growth 1.92% According to the City’s 2019 Comprehensive Annual Financial Report, 108,334 the top employers in the city are: 1 Sparks Nugget, Inc 1000-1499 140,000 2 City of Spark 500-999

120,000 3 Q&D Construction 500-999 4 Northern Nevada Medical Center 500-999

100,000 5 Western Village 500-999 6 Baldini’s Casino 250-499 80,000 7 Cashman Equipment 250-499 8 Renown Skilled Nursing 250-499 60,000 9 San Mar Corp 250-499 10 Scheels 250-499 0 2000 2010 2019F 2024F

Source: worldpopulationreview.com Source: www.cityofsparks.us

H New Home Projects MIRAMONTE 448 28

Sparks New Home Projects

INFORMATION PRICING INFORMATION NO. PROJECT NAME BUILDER LOCATION SAMPLE PRODUCT LOT SIZE UNIT SIZE SF PRICE RANGE PRICE PER SF OPEN DATE OPEN

1,953 $379,950 $156 MIN. 1 Candelara at Pioneer Meadows Lennar Sparks 6,489 2,675 $417,950 $195 MAX.

1,501 $371,158 $247 MIN. 2 Croston Springs Jenuane Communities Sparks 6,000 1,501 $371,158 $247 MAX.

2,025 $402,900 $138 MIN. 3 Sky Ridge Silverado Homes Sparks 8,430 3,555 $489,990 $199 MAX.

1,722 $375,000 $164 MIN. 4 Heartwood Estates Discovery/Seeno Homes Sparks 4,500 2,646 $435,000 $218 MAX.

1,563 $364,950 $168 MIN. 5 Vicenza at D'Andrea Lennar Sparks 6,200 2,675 $448,950 $202 MAX.

1,787 $414,095 $232 MIN. 6 Pyramid Cove Discovery/Seeno Homes Sparks 12,012 1,787 $414,095 $232 MAX.

1,621 $344,950 $176 MIN. 7 Homestead/Kiley Ranch Lennar Sparks Detached 2,175 $387,950 $213 MAX.

2,247 $393,950 $161 MIN. 8 Merano at D'Andrea Lennar Sparks Detached 3,336 $484,950 $175 MAX.

H The Hoffman Company

THE HOFFMAN COMPANY Southern California Office 18881 Von Karman Ave, Suite 150 Irvine, California 92612 T (949) 553-2020

Northern California Office 3447 Mt Diablo Boulevard Lafayette, California 94549 T (925) 310-4857

Coachella Valley Office 777 E Tahquitz Way, Suite 200 Palm Springs, California 92262 T (760)969-7357

Nevada Office 410 S Rampart #390 Las Vegas, Nevada 89145 T (702) 726-6925

CA DRE Lic #01473762 NV Lic #B.1000466 WWW.HOFFMANLAND.COM