SE DIVISION Dev. / Investment LOT Ideal for Redevelopment Or Owner-User in INNER SE PORTLAND 2923 SE DIVISION ST, PORTLAND OR

SE DIVISION DEv. / INvestment LOT ideal for redevelopment or owner-user IN INNER SE PORTLAND 2923 SE DIVISION ST, PORTLAND OR

SE DIVISION STREET

Premier 5,000 sf prime LOCATION PROPERTY FOR SALE Location cm2 zoning - multifamily, retail, office & more

GEORGE N. DIAMOND NICHOLAS G. DIAMOND Licensed in PLEASE Oregon CONTACT: 503.222.2178 503. 222. 2655 12.03.2018 2839 SW 2nd Avenue, Portland OR, 97201 [email protected] [email protected] 12.03.2018 503.222.1655 - www.REIG.com SE DIVISION DEv. / investment LOT

Table of Contents 1 COVER 12 LOT MAP & VICINITY Broker Contact: 2 CONTENTS 13 ZONING MAP GEORGE N. DIAMOND 3 INVESTMENT SUMMARY 14 ZONING DETAIL 503.222.2178 (O) 503.781.4764 (C) [email protected] NEIGHBORHOOD INFO REGIONAL AERIAL 4 15 NICHOLAS G. DIAMOND 5-6 SITE PHOTOGRAPHY 16-17 LOCAL INFO & DEMOS 503.222.2655 (O) 503.887.8344 (C) [email protected] 7-11 IMPROVEMENT DETAIL 18-19 OREGON DISCLOSURE

Offer Solicitation Process:

Offers should be presented in the form of a nonbinding letter of intent, spelling out the significant terms and conditions, including, but not limited to:

(1) Asset pricing, (2) Due diligence and closing time frame, (3) Earnest money deposit, (4) A description of the debt/equity structure, and (5) Qualifications to close.

The purchase shall require all cash to be paid at closing. Purchase and sales agreement shall be Oregon / SW Washington CAB form. Offers and development plan should be delivered to the attention of Real Estate Investment Group.

TABLE OF CONTENTS / CONTACT PAGE 2 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. SE DIVISION DEV. / investment LOT

PRIME COMMERCIAL MIXED-USE LOT for redevelopment or owner/user

SALE PRICE: $1,000,000 TOTAL SIZE: 5,000 SQ. FT. 2923 SE DIVISION ST PORTLAND, OR 97202 CALL GEORGE DIAMOND ( 503.222.2178) OR NICHOLAS DIAMOND (503.222.2655)

Property Features: Location Features: • Prime Redevelopment Site or Owner-User Opportunity • Excellent Portland Location in the Heart of SE Division’s Bustling Retail District • 5,000 SF Lot with 1,968 SF Improvement • Close to Ladd’s Addition, Piccolo Park, Powell Blvd, SE Hawthorne Retail, Sewallcrest Park • CM2 Zoning Allows: Multifamily, Retail, Office & More • New Mixed-Use and Multifamily Developments in Immediate Vicinity • 4:1 FAR with Bonus and 55’ Max Height with Bonus • Nearby Retailers Include Ava Genes, Bollywood Theater, Clay’s Smokehouse, (75’ with Planned Dev. Bonus) Imperial Bottle Shop, Pok Pok, Salt & Straw, St. Honore, Stella Taco, Whiskey Soda Lounge, Urban Waxx INVESTMENT SUMMARY PAGE 3 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. SE DIVISION DEv. / investment LOT

The property’s location along SE Portland’s iconic Division Street offers a sought-after location in a thriving district of the close-in market. Walking distance to multiple restaurants, retailers, services and transit as well as east access to downtown and surrounding arease make the location ideal.

THEORY 33 NEW 4-STORY, 30-UNIT APARTMENT BUILDING (COMPLETED)

OSWEGO LAKE 3212 SE DIVISION NEW 4-STORY, 32-UNIT APARTMENT BUILDING WITH BASEMENT

PROPERTY

2919 SE DIVISION NEW 4-STORY, 20-UNIT APARTMENT BUILDING W/ ONSITE STORMWATER PLANTER 2940 SE DIVISION NEW 4-STORY, 32-UNIT APARTMENT BUILDING WITH NO ONSITE PARKING

2502 SE 29TH AVE NEW 4-STORY, 50-UNIT APARTMENT BUILDING WITH BASEMENT GARAGE AND GROUND FLOOR RETAIL CITY HALL DOWNTOWN

NEIGHBORHOOD INFORMATION PAGE 4 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. SE DIVISION Dev. / INVESTMENT LOT

Aerial Map 2923 SE Division Street

SE DIVISION STREET

SITE PHOTOGRAPHY PAGE 5 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. SE DIVISION Dev. / INVESTMENT LOT

SITE PHOTOGRAPHY PAGE 6 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. SE DIVISION Dev. / INVESTMENT LOT

BUILDING DETAILS • 2BR/1BA residential unit + 598 SF retail/office • Fully-permitted improvements: • Full roof replacement in 2016 • 33 roof-mounted solar panels covering 100% electricity costs plus additional income • New rear patio in 2016 • All old pipes replaced with pex tubing • Upgraded electrical • Furnace replaced 4 years ago • Garage eligible for commercial storage use • Basement washer and dryer Features & • All appliances negotiable in sale Amenities

IMPROVEMENT DETAIL - FEATURES PAGE 7 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. SE DIVISION Dev. / INVESTMENT LOT

598 SF BUSINESS OCCUPANCY

IMPROVEMENT DETAIL - floor plans PAGE 8 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. SE DIVISION Dev. / INVESTMENT LOT

2BR/1BA owner-user residential unit 598 SF retail/office space in front Fully-permitted improvements

SE DIVISION ST

IMPROVEMENT DETAIL - EXTERIOR ELEVATIONS PAGE 9 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. SE DIVISION Dev. / INVESTMENT LOT

IMPROVEMENT DETAIL - INTERIOR PHOTOS PAGE 10 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. SE DIVISION Dev. / INVESTMENT LOT

IMPROVEMENT DETAIL - INTERIOR PHOTOS PAGE 11 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. SE DIVISION Dev. / INVESTMENT LOT 20 NEW APT. UNITS

50 NEW APT. UNITS 32 NEW APT. UNITS

Aerial MapLOT MAP & VICINITY PAGE 12 The information contained herein has been obtained from sources2923 we deem SE reliable. Division We cannot, Street however, guarantee its accuracy. GEORGE ROGERS PARK SE DIVISION Dev. / INVESTMENT LOT

CM2 (COMMERCIAL MIXED-USE 2)

The Commercial/Mixed Use 2 (CM2) zone is a medium-scale zone intended for sites in a variety of centers, along corridors, and in other mixed use areas that have frequent transit service. The zone allows a wide range and mix of commercial and residential uses, as well as employment uses that have limited off-site impacts. Buildings in this zone will generally be up to four stories tall unless height and floor area bonuses are used, or plan district provisions specify other height limits. Development is intended to be pedestrian-oriented, provide a strong relationship between buildings and sidewalks, and complement the scale of surrounding residentially zoned areas.

SUBJECT R1 (RESIDENTIAL MEDIUM-DENSITY)

The R1 zone is a medium density multi-dwelling zone. It allows approximately 43 units per acre. Density may be as high as 65 units per acre if amenity bonus provisions are used. Allowed housing is characterized by one to four story buildings and a higher percentage of building coverage than in the R2 zone. The major type of new housing development will be multi-dwelling structures (condo- miniums and apartments), duplexes, townhouses, and rowhouses. Generally, R1 zoning will be applied near Neighborhood Collector and District Collector streets, and local streets adjacent to commercial areas and transit streets.

R2.5 (RESIDENTIAL 2.5)

The R2.5 lot dimension regulations ensure that: • Each lot has enough room for a reasonably-sized attached or detached house; • Lots are of a size and shape that development on each lot can meet the develop ment standards of the R2.5 zone; • Lots are not so large that they seem to be able to be further divided to exceed the maximum allowed density of the site in the future; • Each lot has room for at least a small, private outdoor area; • Lots are wide enough to allow development to orient toward the street; • Each lot has access for utilities and services; Zoning Map • Lots are not landlocked; • Lots don’t narrow to an unworkable width close to the street; and 2923 SE Division Street •Lots are regularly shaped. ZONING MAP PAGE 13 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. Chapter 33.130 Title 33, Planning and Zoning Commercial/Mixed Use Zones 5/24/18 SE DIVISION Dev. / INVESTMENT LOT Chapter 33.130 Title 33, Planning and Zoning 33.130.110 Accessory Uses Commercial/Mixed Use 2 zone Commercial/Mixed Use Zones 8/22/18 Uses that are accessory to a primary use are allowed if they comply with specific regulations for the The accessoryCommercial/Mixed uses and all development Use 2 (CM2) standards. zone is a medium-scale zone intended for sites in a variety of centers, along corridors, and in other mixed use areas that have frequent transit Table 130-2 service.33.130.130 The zone Nuisance allows-Related a wide Impacts range and mix of commercial and residential uses, as well as employment uses that have limited off-site impacts. Buildings in this zone will generally Summary of Development Standards in Commercial/Mixed Use Zones Standards CR CM1 CM2 CM3 CE CX be up toA. fourOff stories-site impacts. tall unless All nonresidential height and uses floor including area bonuses their accessory are used, uses mustor plan comply district with provi- the standards of Chapter 33.262, Off-Site Impacts. Maximum FAR (see 33.130.205 and 1 to 1 [1] 1.5 to 1 2.5 to 1 3 to 1 2.5 to 1 4 to 1 sions specify other height limits. Development is intended to be pedestrian-oriented, provide a 33.130.212) strong relationshipB. Other nuisances. between Other buildings nuisances and are sidewalks, regulated byand Title complement 29, Property andthe Maintenancescale of surround - - Bonus FAR (see 33.130.212) NA See Table See Table See Table See See 130-3 130-3 130-3 Table Table ing residentiallyRegulations. zoned areas. 130-3 130-3 Minimum Density (see 33.130.207) NA NA 1 unit per 1 unit per NA NA Table 130-1 1,450 sq. ft. of 1,000 sq. ft. site area of site area Commercial/Mixed Use Zone Primary Uses Base Height (see 33.130.210.B.1) 30 ft. 35 ft. 45 ft. 65 ft. 45 ft. 75 ft. Use Categories CR CM1 CM2 CM3 CE CX Step-down Height (see 33.130.210.B.2) NA Residential Categories - Within 25 ft. of lot line abutting RF-R2.5 35 ft. 35 ft. 35 ft. 35 ft. 35 ft. Household Living Y Y Y Y Y Y zones NA NA 45 ft. 45 ft. 45 ft. 45 ft. Group Living L/CU [1] L/CU [1] L/CU [1] L/CU [1] L/CU [1] L/CU [1] - Within 25 ft. of lot line abutting R3, R2, R1, RMP Zones Commercial Categories NA 35 ft. 35 ft. 35 ft. 35 ft. 35 ft. - Within 15 ft. of lot line across a local Retail Sales And Service L [2] L [2] Y Y Y Y service street from RF – R2.5 Zones Office L [2] L [2] Y Y Y Y - Within 15 ft. of lot line across a local NA NA 45 ft. 45 ft. 45 ft. 45 ft. Quick Vehicle Servicing N L [2] L [2] L [2] Y N service street from R3, R2, R1, RMP Zones Vehicle Repair N N Y Y Y L [5] - Bonus Height (see 33.130.212) NA NA See Table See Table See See Commercial Parking N N L [9] L [9] Y CU [9] 130-3 130-3 Table Table Self-Service Storage N N N L [4] L [4] L [4] 130-3 130-3 Commercial Outdoor Recreation N N Y Y Y Y Min. Building Setbacks (see 33.130.215.B) Major Event Entertainment N N CU CU CU Y - Street Lot Line none none none none none none Industrial Categories - Street Lot Line abutting selected Civic 10 ft. 10 ft. 10 ft. 10 ft. 10 ft. 10 ft. Corridors Manufacturing and Production N L/CU [3,5] L/CU [3,5] L/CU [3,5] L/CU [3,5] L/CU [3,5] - Street Lot Line across a local street from Warehouse and Freight Movement N N N L [3,5] L [3,5] N none none 5 or 10 ft. 5 or 10 ft. 5 or 10 5 or 10 an RF – R1 or RMP Zone. Wholesale Sales N N L [3,5] L [3,5] L [3,5] L [3,5] ft. ft. Industrial Service N N CU [3,5] CU [3,5] CU [3,5] CU [3,5] Min. Building Setbacks (see 33.130.215.B) Bulk Fossil Fuel Terminal N N N N N N - Lot Line Abutting OS, RX, C, E, or I Zoned none none none none none none Lot Railroad Yards N N N N N N - Lot Line Abutting RF – RH or RMP Zoned 10 ft. 10 ft. 10 ft. 10 ft. 10 ft. 10 ft. Waste-Related N N N N N N Lot Institutional Categories Max. Building Setbacks (see 33.130.215.C) Basic Utilities Y/CU [8] Y/CU [8] Y/CU [8] Y/CU [8] Y/CU [8] Y/CU [8] - Street Lot Line 10 ft. 10 ft. 10 ft. 10 ft. 10 ft. 10 ft. Title 33, Planning and Zoning Chapter 33.130 Community Service L/CU [6] L/CU [6] L/CU [6] L/CU [6] L/CU [6] L/CU [6] - Street Lot Line Abutting Selected Civic 20 ft. 20 ft. 20 ft. 20 ft. 20 ft. 20 ft. 5/24/18 Commercial/Mixed Use Zones Parks and Open Areas Y Y Y Y Y Y Corridors Max. Building Coverage (% of site area) Schools Y Y Y Y Y Y - Inner Pattern Area 85% 85% 100% 100% 85% 100% Colleges N Y Y Y Y Y CM2 - COMMERCIAL MIXED-USE 2 - Eastern, Western, and River Pattern Areas 75% 75% 85% 85% – 75% 100% Medical Centers N TableY 130-1Y Y Y Y (see 33.130.220) – Religious Institutions Commercial/MixedY Y Use ZoneY PrimaryY Uses Y Y Min. Landscaped Area (% of site area) (see 15% 15% 15% 15% 15% None UseDaycare Categories YCR YCM1 YCM2 YCM3 YCE YCX 33.130.225) Table 130-3 Other Categories Landscape Buffer Abutting an RF - RH or Summary10 ft. @ of10 Bonus ft. @ FAR and10 ft.Height @ L3 10 ft. @ L3 10 ft. @ 10 ft. @ RMP Zoned Lot (see 33.130.215.B) L3 L3 L3 L3 Agriculture L [10] L [10] L/CU [11] L/CU [12] L/CU [12] L/CU [11] CM1 CM2 CM3 CE CX Required Residential Outdoor Area Yes Yes Yes Yes Yes No Aviation and Surface Passenger N N N N CU CU (see 33.130.228)Overall Maximums Per Zone Terminals Ground Floor Window Standards Yes Yes Yes Yes Yes Yes Detention Facilities N N N CU CU CU (see 33.130.230.B) Mining N N N N N N Notes: Radio Frequency Transmission Facilities N L/CU [7] L/CU [7] L/CU [7] L/CU [7] L/CU [7] [1] On sitesIncrement that do not of haveAdditional a Retail FAR Sales and And Height Service Per Bonus or Office use, maximum density for Household Living is 1 unit per Rail Lines and Utility Corridors N CU CU CU CU CU 2,500 square feet of site area. Y = Yes, Allowed 130-8 L = Allowed, But Special CU = Conditional Use Review Required Limitations N = No, Prohibited 130-14 Notes: • The use categories are described in Chapter 33.920. – – • Regulations that correspond to the bracketed numbers [ ] are stated in 33.130.100.B. • Specific uses and developments may also be subject to regulations in the 200s series of chapters. C. Inclusionary housing bonus. Development Standards ZONING DETAIL - CM2 33.130.200 Lot Size PAGE 14 There is no required minimum lot size for development of land in commercial/mixedThe information use zones. contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. Creation of new lots is subject to the regulations of Chapter 33.613, Lots in Commercial/Mixed Use Zones.

33.130.205 Floor Area Ratio A. Purpose. Floor area ratios (FARs) regulate the amount of use (the intensity) allowed on a site. FARs provide a means to match the potential amount of uses with the desired character of the area and the provision of public services. FARs also work with the height, setback, and building coverage standards to control the overall bulk of development. The bonus FAR options allow additional floor area as an incentive for providing affordable housing. B. FAR standard. The maximum floor area ratios are stated in Table 130-2 and apply to all uses and development. Additional floor area may be allowed through bonus options, as described in Section 33.130.212, or transferred from historic resources per Subsection C. Except in the CR zone, floor area for structured parking, up to a maximum FAR of 0.5 to 1, is not calculated as part of the FAR for the site. Adjustments to the maximum floor area ratios are prohibited. C. Transfer of floor area from historic resources. Floor area ratios may be transferred from a site that contains a historic resource, as follows: 1. Sending sites. Sites eligible to transfer floor area must contain: a. A Historic or Conservation landmark; or b. A contributing resource in a Historic District or a Conservation District.

130-9 SE DIVISION DEv. / investment LOT

SE Division Street is one of the greater Portland area’s premier close-in southeast communities, boasting an array of shops, ven- dors, dining, and entertainment. Accessibility to downtown Portland and the west side is easy through the Marquam, Ross Island and Hawthorne Bridges, and proximity to transit and major driving routes is unparalleled.

AIRPORT

NE PORTLAND

DOWNTOWN SUBJECT PROPERTY

GRESHAM

SE PORTLAND BEAVERTON SW PORTLAND

SELLWOOD

TIGARD MILWAUKIE HAPPY VALLEY

LAKE OSWEGO DAMASCUS

REGIONAL AERIAL PAGE 15 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. COMPLETE PROFILE 2000-2010 Census, 2018 Estimates with 2023 Projections CalculatedCOMP usingLE TWeightedE PR BlockOF CentroidILE fromSE Block Groups DIVISION DEv. / investment LOT 2000-2010 Census, 2018 Estimates with 2023 Projections CalculatedCOMP usingLE TWeightedE PR BlockOF CentroidILE from Block Groups Lat/Lon: 45.5050/-122.6351 2000-2010 Census, 2018 Estimates with 2023 Projections RFULL9 Calculated2923 SE using Div Weightedision S tBlock Centroid from Block Groups Lat/Lon: 45.5050/-122.6351 1 mi radius 3 mi radius 5 mi radius 10 mi radius RFULL9 Portland, OR 97202 Demographics2923 SE Division St Lat/Lon: 45.5050/-122.6351 Population 1 mi radius 3 mi radius 5 mi radius 10 mi radiuRFULL9s Portland, OR 97202 2Estimated923 SE DPopulationivision S (2018)t 33,105 225,245 500,494 1,239,426 PSNAPSHOTProjectedopulatio nPopulation (2023) RADIUS: 1 135,202m iMILE radius 3239,540 m MILEi radius 5533,715 m MILEi radius 1,329,939 1100 m iMILE radius DATA HIGHLIGHTS PCensusortlan dPopulation, OR 972 (2010)02 29,662 198,382 447,783 1,120,686 Estimated Population (2018) 33,105 225,245 500,494 1,239,426 Census Population (2000) 28,615 181,802 414,783 1,017,517 PProjectedopulatio nPopulation (2023) 35,202 239,540 533,715 1,329,939 COMPLETE PROFILE EstimatedCensusProjected Population AnnualPopulation Growth (2010) (2018) (2018-2023) 33,10529,6622,097 1.3% 225,245198,38214,295 1.3% 500,494447,78333,221 1.3% 1,239,4261,120,68690,512 1.5% >375,000 TOTAL EMPLOYEES WITHIN 5 MILEs 2000-2010 Census, 2018 Estimates with 2023 Projections 1.5% 1.7% 1.5% 1.3% ProjectedCensusHistorical Population AnnualPopulation Growth (2000) (2023) (2010-2018) 35,20228,6153,443 239,540181,80226,863 533,715414,78352,712 1,329,9391,017,517118,740 CalculatedHistorical using Annual Weighted Growth Block (2000-2010) Centroid from Block Groups 1,047 0.4% 16,580 0.9% 33,000 0.8% 103,169 1.0% ProjectedCensus Population Annual Growth (2010) (2018-2023) 29,6622,097 1.3% 198,38214,295 1.3% 447,78333,221 1.3% 1,120,68690,512 1.5% >225,000 ESTIMATED POPULATION WITHIN 3 MILEs HistoricalCensusEstimated Population Annual Population Growth (2000) Density (2010-2018) (2018) 28,61510,5403,443 psm1.5% 181,80226,8637,969 psm1.7% 414,78352,7126,375 psm1.5% 1,017,517118,7403,947 psm1.3% sq mi sq mi sq mi sq mi ProjectedHistoricalTrade Area Annual Size Growth (2000-2010)(2018-2023) 2,0971,0473.1 1.3%0.4% 14,29516,58028.3 1.3%0.9% 33,22133,00078.5 1.3%0.8% 103,16990,512314.0 1.5%1.0% Lat/Lon: 45.5050/-122.6351 HEstimatedHistoricalousehol dAnnual Populations Growth Density (2010-2018) (2018) 10,5403,443 psm1.5% 26,8637,969 psm1.7% 52,7126,375 psm1.5% 118,7403,947 psmRFULL91.3% (EST.) GROWTH oF >14,000 BY 2023 WITHIN 3 MILEs 2EstimatedTradeHistorical923 SAreaE Annual DHouseholds Sizeivisi oGrowthn S t(2018) (2000-2010) 15,3241,0473.1 sq 0.4%mi 107,78916,58028.3 sq 0.9%mi 221,21733,00078.5 sq 0.8%mi 103,169509,475314.0 sq 1.0%mi 1 mi radius 3 mi radius 5 mi radius 10 mi radius HEstimatedProjectedousehol d HouseholdsPopulations Density (2023) (2018) 10,54016,189 psm 114,1767,969 psm 234,9756,375 psm 542,6483,947 psm PCensusortlan dHouseholds, OR 972 0(2010)2 13,946 sq mi 94,984 sq mi 198,763 sq mi 464,937 sq mi >$94,000 avg household income in 1-mile radius EstimatedTrade Area Households Size (2018) 15,3243.1 107,78928.3 221,21778.5 509,475314.0 Census Households (2000) 13,328 85,397 180,850 418,728 HTProjectedroaunssephoortl daHouseholdsstion To Wo (2023)rk (2015) 16,189 114,176 234,975 542,648 Worker Base Age 16 years or Over 20,023 130,130 279,661 661,515 EstimatedCensusProjected Households AnnualHouseholds Growth (2010) (2018) (2018-2023) 15,32413,946865 1.1% 107,78994,9846,386 1.2% 221,217198,76313,758 1.2% 509,475464,93733,174 1.3% Drive to Work Alone 9,998 49.9% 70,435 54.1% 163,813 58.6% 436,858 66.0% SIGNIFICANT RISE IN HOUSEHOLD INCOME ProjectedCensusHistorical Households AnnualHouseholds Change (2000) (2023) (2000-2018) 16,18913,3281,996 0.8% 114,17622,39385,397 1.5% 234,975180,85040,367 1.2% 542,648418,72890,747 1.2% Drive to Work in Carpool 1,162 5.8% 8,604 6.6% 21,453 7.7% 57,712 8.7% FORECASTED THROUGH 2023 IN 5 mile radius ATravelProjectedCensusverag toe Households HWork Annualous ebyh oGrowthPublicld (2010) Inc Transportation o(2018-2023)me 13,9462,998865 15.0%1.1% 18,05694,9846,386 13.9%1.2% 198,76334,20313,758 12.2%1.2% 464,93760,21633,174 9.1%1.3% EstimatedDriveHistoricalCensus to HouseholdsWork Annual Average on MotorcycleChange Household (2000) (2000-2018) Income (2018) $94,52013,3281,99690 0.4%0.8% $96,23122,39385,397236 0.2%1.5% $96,929180,85040,367679 0.2%1.2% $97,306418,72890,7471,328 0.2%1.2% 11.3% 7.8% 6.4% 3.6% ProjectedBicycle to AnnualAverageWork Growth Household (2018-2023) Income (2023) $107,2412,264865 1.1% $110,01310,1356,386 1.2% $110,58913,75817,958 1.2% $110,93733,17423,697 1.3% AWalkvera toge Work Household Income 1,353 6.8% 10,418 8.0% 16,898 6.0% 27,550 4.2% 181 COMPANY HEADQUARTERS WITHIN 3 MILEs HistoricalCensus Average Annual HouseholdChange (2000-2018) Income (2010) $58,3881,996 0.8% $63,14622,393 1.5% $64,07340,367 1.2% $67,93190,747 1.2% OtherEstimated Means Average Household Income (2018) $94,52079 0.4% $96,231939 0.7% $96,9291,874 0.7% $97,3064,867 0.7% Census Average Household Income (2000) $46,505 $50,331 $52,710 $57,633 AWorkProjectedvera gate Home H Averageouseho lHouseholdd Income Income (2023) $107,2412,079 10.4% $110,01311,307 8.7% $110,58922,784 8.1% $110,93749,288 7.5% CensusProjected Average Annual HouseholdChange (2018-2023) Income (2010) $58,388$12,722 2.7% $13,782$63,146 2.9% $13,660$64,073 2.8% $13,632$67,931 2.8% TOP RETAILERS IN IMMEDIATE VICINITY: DEstimatedaytime D Averageemogra pHouseholdhics (201 8Income) (2018) $94,520 $96,231 $96,929 $97,306 CensusHistorical Average Annual HouseholdChange (2000-2018) Income (2000) $46,505$48,015 5.7% $45,900$50,331 5.1% $44,219$52,710 4.7% $39,672$57,633 3.8% TotalProjected Businesses Average Household Income (2023) $107,2412,031 $110,01322,377 $110,58935,420 $110,93770,320 MProjectedTotalCensusedia Employeesn HAverage oAnnualuseho HouseholdChangeld Incom (2018-2023)e Income (2010) $12,722$58,38818,538 2.7% $13,782$63,146246,039 2.9% $13,660$64,073375,401 2.8% $13,632$67,931739,092 2.8% clay’s smokehouse, kati portland, bollywood theater, EstimatedHistoricalCensusCompany Average Annual HeadquarterMedian HouseholdChange Household Businesses (2000-2018) Income Income (2000) (2018) $75,604$48,015$46,5058 5.7%0.4% $45,900$73,409$50,331181 5.1%0.8% $44,219$73,833$52,710247 4.7%0.7% $39,672$75,126$57,633468 3.8%0.7% Company Headquarter Employees 2,341 12.6% 33,955 13.8% 53,279 14.2% 82,947 11.2% bobalastic, imperial bottle shop, rockin’ crab cafe, MProjectededian H oAnnualMedianuseho ChangelHouseholdd Incom (2018-2023)e Income (2023) $12,722$86,406 2.7% $13,782$83,880 2.9% $13,660$84,562 2.8% $13,632$86,146 2.8% gypsy chic, vine & dandy shop, stella taco, bula kava HistoricalCensusEmployee Median Annual Population Household Change per Business(2000-2018) Income (2010) $48,015$45,8989.1 to 15.7% $45,900$48,08011.0 to 15.1% $44,219$49,69410.6 to 14.7% $39,672$53,41210.5 to 3.8%1 ResidentialEstimated Median Population Household per Business Income (2018) $75,60416.3 to 1 $73,40910.1 to 1 $73,83314.1 to 1 $75,12617.6 to 1 Census Median Household Income (2000) $38,622 $40,203 $42,427 $46,973 house, urban waxx, pok pok, dapper & wise roasters MAdj.Projecteded iDaytimean H oMedianus Demographicseho lHouseholdd Income Age Income 16 Years (2023) or Over $86,40625,227 $83,880306,305 $84,562510,592 1,092,441$86,146 This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty. representation herein is provided without information The be reliable. sources deemed to and government private from was produced using data report This EstimatedCensusProjected Median AnnualMedian Household Change Household (2018-2023) Income Income (2010) (2018) $75,604$45,898$10,802 2.9% $10,471$73,409$48,080 2.9% $10,729$73,833$49,694 2.9% $11,020$75,126$53,412 2.9% Labor Force CensusHistorical Median Annual Household Change (2000-2018) Income (2000) $38,622$36,982 5.3% $33,205$40,203 4.6% $31,406$42,427 4.1% $28,152$46,973 3.3% LaborProjected Population Median AgeHousehold 16 Years Income or Over (2023) (2018) $86,40628,614 $83,880195,155 $84,562423,359 1,021,712$86,146 This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty. representation herein is provided without information The be reliable. sources deemed to and government private from was produced using data report This PProjectedCensuseLaborr Cap ForceMedianit aAnnual Inc Totalo Householdm Changee Males (2018-2023)(2018) Income (2010) $10,802$45,89814,143 49.4%2.9% $10,471$48,08098,213 50.3%2.9% 209,285$10,729$49,694 49.4%2.9% 499,131$11,020$53,412 48.9%2.9% EstimatedHistoricalCensusMale Median CivilianAnnual Per Capita Household ChangeEmployed Income (2000-2018) Income (2018) (2000) $43,925$36,982$38,62211,077 78.3%5.3% $33,205$46,470$40,20370,077 71.4%4.6% $31,406149,346$43,136$42,427 71.4%4.1% $28,152350,133$40,224$46,973 70.1%3.3%

Male Civilian Unemployed 289 2.0% 2,790 2.8% 5,747 2.7% 13,876 2.8% or warranty. representation herein is provided without information The be reliable. sources deemed to and government private from was produced using data report This Projected AnnualPer Capita Change Income (2018-2023) (2023) $10,802$49,481 2.9% $10,471$52,832 2.9% $10,729$48,963 2.9% $11,020$45,476 2.9% Per CMalesapita inIn Armedcome Forces 6 - 82 0.1% 182 0.1% 387 0.1% HistoricalCensus Per Annual Capita Change Income (2000-2018) (2010) $36,982$27,453 5.3% $33,205$30,234 4.6% $31,406$28,441 4.1% $28,152$28,183 3.3% EstimatedMales PerNot Capitain Labor Income Force (2018) $43,9252,772 19.6% $46,47025,265 25.7% $43,13654,010 25.8% 134,735$40,224 27.0% Census Per Capita Income (2000) $21,743 $23,595 $22,934 $23,663 PProjectedeLaborr Cap Forceit aPer In cCapitaTotalome Females Income (2018)(2023) $49,48114,471 50.6% $52,83296,942 49.7% 214,074$48,963 50.6% 522,580$45,476 51.1% Female Civilian Employed 10,842 74.9%2.5% 64,717 66.8%2.7% 138,629 64.8%2.7% 317,741 60.8%2.6% EstimatedCensusProjected Per AnnualPer Capita Capita Change Income Income (2018-2023) (2010) (2018) $43,925$27,453$5,557 $46,470$30,234$6,362 $43,136$28,441$5,828 $40,224$28,183$5,252 DEMOGRAPHIC & BUSINESS INFORMATION Female Civilian Unemployed 273 1.9% 2,038 2.1% 4,873 2.3% 12,287 2.4% ProjectedCensusHistorical Per AnnualPer Capita Capita Change Income Income (2000-2018) (2000) (2023) $49,481$21,743$22,182 5.7% $22,875$52,832$23,595 5.4% $20,202$48,963$22,934 4.9% $16,560$45,476$23,663 3.9% EstimatedFemales Average in Armed Household Forces Net Worth (2018) $1,074,878 - - $1,043,56512 - $1,009,60812 - $1,007,566101 - PAGE 16 ProjectedCensus Per Annual Capita Change Income (2018-2023) (2010) $27,453$5,557 2.5% $30,234$6,362 2.7% $28,441$5,828 2.7% $28,183$5,252 2.6% Females Not in Labor Force 3,356 23.2%The information30,174 31.1% contained70,560 herein33.0% has been192,451 obtained36.8% from sources we deem reliable. We cannot, however, guarantee its accuracy. UnemploymentHistoricalCensus Per Annual Capita Rate Change Income (2000-2018) (2000) $22,182$21,74314,143 2.0%5.7% $22,875$23,59598,213 2.5%5.4% 209,285$20,202$22,934 2.5%4.9% 499,131$16,560$23,663 2.6%3.9% Estimated Average Household Net Worth (2018) $1,074,878 $1,043,565 $1,009,608 $1,007,566 LaborProjected Force Annual Growth Change (2010-2018) (2018-2023) $5,557-117 -0.5%2.5% $6,362-1,000 -0.7%2.7% $5,828-32 2.7% - $5,252133 2.6% - ©2018, Sites USA,HistoricalMale Chandler, Labor Arizona,Annual Force 480-491-1112 Change Growth (2000-2018) (2010-2018) $22,182-57 page 1-0.5%5.7% of 9 $22,875-523 -0.7%5.4%Demographic$20,202 Source:-19 Applied4.9% Geographic - Solutions$16,56078 04/2018,3.9% TIGER - Geography EstimatedFemale Labor Average Force Household Growth (2010-2018)Net Worth (2018) $1,074,878-59 -0.5% $1,043,565-477 -0.7% $1,009,608-13 - $1,007,56655 -

©2018, Sites USA,Oc cChandler,upatio Arizona,n (20 480-491-111215) page 1 of 9 Demographic Source: Applied Geographic Solutions 04/2018, TIGER Geography or warranty. representation herein is provided without information The be reliable. sources deemed to and government private from was produced using data report This Occupation Population Age 16 Years or Over 22,035 135,794 288,006 667,741 Occupation Total Males 11,134 50.5% 70,600 52.0% 149,365 51.9% 350,055 52.4% ©2018, Sites USA, Chandler, Arizona, 480-491-1112 page 1 of 9 Demographic Source: Applied Geographic Solutions 04/2018, TIGER Geography Occupation Total Females 10,901 49.5% 65,194 48.0% 138,642 48.1% 317,686 47.6% Management, Business, Financial Operations 4,057 18.4% 26,213 19.3% 52,419 18.2% 119,150 17.8% Professional, Related 8,302 37.7% 49,316 36.3% 94,841 32.9% 187,793 28.1% Service 3,673 16.7% 18,914 13.9% 43,677 15.2% 107,420 16.1% Sales, Office 4,080 18.5% 27,178 20.0% 60,171 20.9% 149,029 22.3% Farming, Fishing, Forestry 52 0.2% 424 0.3% 1,267 0.4% 3,285 0.5% Construction, Extraction, Maintenance 605 2.7% 4,334 3.2% 11,913 4.1% 35,589 5.3% Production, Transport, Material Moving 1,265 5.7% 9,414 6.9% 23,718 8.2% 65,475 9.8% White Collar Workers 16,439 74.6% 102,708 75.6% 207,431 72.0% 455,972 68.3% Blue Collar Workers 5,596 25.4% 33,086 24.4% 80,575 28.0% 211,769 31.7%

©2018, Sites USA, Chandler, Arizona, 480-491-1112 page 7 of 9 Demographic Source: Applied Geographic Solutions 04/2018, TIGER Geography US News Portland’s economy, neighborhoods, resources, natural setting and #6 in USA the lifestyle options they support continue to attract new resi- Best Places dents AND VISITORS to the city. Over the next 20 years, Portland is to Live EXPECTED to add MORE THAN 260,000 new residents to the roughly WELCOME TO 620,000 people who live here today and about 140,000 new jobs to -Bureau of Planning the MORE THAN 370,000 in Portland RIGHT now. & Sustainability Portland “Portland is one of the most beautiful cities in the country. It caters to everyone, having activities for families, young professionals and the elderly population alike. There’s some of the best restaurants in the Oregon world, access to gorgeous nature, even a professional basketball team. People want to live here, they’ll continue to live here, and that won’t be changing anytime soon.” -Portland Development Group

The long-standing development commitment in Portland is to grow UP, not OUT.

Portland became one of the country’s top urban destinations in 2017. With this type of influx comes the increase in rental properties, higher demands for housing, and the largest equity gains and appreciation rates. Because of this, for cities with a high number of millennials—which also includes Austin, Denver and Boston—investors can see some of the greatest returns. Portland continues to be a highly desirable place to live, work and play in the Pacific Northwest.

Portland is the longtime home of three of the world’s largest brands: Nike, Adidas and Intel. Many other companies are choosing to relocate major operations to the Portland area or open new locations. AirBnB has set up a downtown office, bringing a wave of employees and economic boost with it. Google has made public its plans to start a Portland location office, and Under Armour has recently completed the awaited construction of its new headquarters and campus in the beautiful southern part of the city’s urban core.

POPULATION (CITY) POPULATION (METRO) MEDIAN HOME VALUE (2016) METRO AREA GDP (2016) 639,863 2,351,310 $395,100 $62,606

PORTLAND, OREGON INFORMATION PAGE 17 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. OREGON REALSE ESTATE DIVISION INITIAL AGENCY Dev. / A seller’sINVESTMENT agent owes the seller the following affirmative duties; LOT DISCLOSURE PAMPHLET OAR 863-015-215 (4) 1. To exercise reasonable care and diligence; 2. To account in a timely manner for money and property received from or on behalf of the seller; Consumers: This pamphlet describes the legal obligations of Oregon real estate licensees to consumers. Real estate brokers and 3. To be loyal to the seller by not taking action that is adverse or detrimental to the seller’s interest in a transaction; principal real estate brokers are required to provide this information to you when they first contact you. A licensed real estate broker or 4. To disclose in a timely manner to the seller any conflict of interest, existing or contemplated; principal broker need not provide the pamphlet to a party who has, or may be reasonably assumed to have, received a copy of the 5. To advise the seller to seek expert advice on matters related to the transactions that are beyond the agent's expertise; pamphlet from another broker. 6. To maintain confidential information from or about the seller except under subpoena or court order, even after termination This pamphlet is informational only. Neither the pamphlet nor its delivery to you may be interpreted as evidence of intent to create an of the agency relationship; and agency relationship between you and a broker or a principal broker. 7. Unless agreed otherwise in writing, to make a continuous, good faith effort to find a buyer for the property, except that a seller's agent is not required to seek additional offers to purchase the property while the property is subject to a contract for sale. Real Estate Agency Relationships None of the above affirmative duties of an agent may be waived, except #7. The affirmative duty listed in #7 can only be waived An "agency" relationship is a voluntary legal relationship in which a licensed real estate broker or principal broker (the "agent"), by written agreement between seller and agent. agrees to act on behalf of a buyer or a seller (the "client") in a real estate transaction. Under Oregon law, a seller's agent may show properties owned by another seller to a prospective buyer and may list competing Oregon law provides for three types of agency relationships between real estate agents and their clients: properties for sale without breaching any affirmative duty to the seller.

Seller's Agent - Represents the seller only; Unless agreed to in writing, an agent has no duty to investigate matters that are outside the scope of the agent's expertise, Buyer's Agent - Represents the buyer only; including but not limited to investigation of the condition of property, the legal status of the title or the seller’s past conformance with Disclosed Limited Agent - Represents both the buyer and seller, or multiple buyers who want to purchase the same law. property. This can be done only with the written permission of both clients. Duties and Responsibilities of Buyer’s Agent The actual agency relationships between the seller, buyer and their agents in a real estate transaction must be acknowledged at the time an offer to purchase is made. Please read this pamphlet carefully before entering into an agency relationship with a real An agent, other than the seller’s agent, may agree to act as the buyer’s agent only. The buyer’s agent is not representing the seller, estate agent. even if the buyer’s agent is receiving compensation for services rendered, either in full or in part, from the seller or through the seller’s agent. Definition of “Confidential Information” An agent who represents only the buyer owes the following affirmative duties to the buyer, the other parties and the other parties’ agents involved in a real estate transaction: Generally, licensees must maintain confidential information about their clients. “Confidential information” is information communicated to a real estate licensee or the licensee’s agent by the buyer or seller of one to four residential units regarding the 1. To deal honestly and in good faith; real property transaction, including but not limited to price, terms, financial qualifications or motivation to buy or sell. “Confidential 2. To present all written offers, notices and other communications to and from the parties in a timely manner without regard information” does not mean information that: to whether the property is subject to a contract for sale or the buyer is already a party to a contract to purchase; and 3. To disclose material facts known by the agent and not apparent or readily ascertainable to a party. a. The buyer instructs the licensee or the licensee’s agent to disclose about the buyer to the seller, or the seller instructs the licensee or the licensee’s agent to disclose about the seller to the buyer; and A buyer’s agent owes the buyer the following affirmative duties: b. The licensee or the licensee’s agent knows or should know failure to disclose would constitute fraudulent representation. 1. To exercise reasonable care and diligence; Duties and Responsibilities of Seller’s Agent 2. To account in a timely manner for money and property received from or on behalf of the buyer; 3. To be loyal to the buyer by not taking action that is adverse or detrimental to the buyer’s interest in a transaction; Under a written listing agreement to sell property, an agent represents only the seller unless the seller agrees in writing to allow 4. To disclose in a timely manner to the buyer any conflict of interest, existing or contemplated; the agent to also represent the buyer. An agent who represents only the seller owes the following affirmative duties to the 5. To advise the buyer to seek expert advice on matters related to the transaction that are beyond the agent’s expertise; seller, the other parties and the other parties’ agents involved in a real estate transaction: 6. To maintain confidential information from or about the buyer except under subpoena or court order, even after termination of the agency relationship; and 7. Unless agreed otherwise in writing, to make a continuous, good faith effort to find property for the buyer, except that a 1. To deal honestly and in good faith; buyer’s agent is not required to seek additional properties for the buyer while the buyer is subject to a contract for 2. To present all written offers, notices and other communications to and from the parties in a timely manner without regard to purchase. whether the property is subject to a contract for sale or the buyer is already a party to a contract to purchase; and 3. To disclose material facts known by the agent and not apparent or readily ascertainable to a party; None of these affirmative duties of an agent may be waived, except #7. The affirmative duty listed in #7 can only be waived by written agreement between buyer and agent.

This form has been licensed for use solely by Nicholas Diamond pursuant to a Forms License Agreement with Oregon Real Estate Forms, LLC. Provided by Oregon Real Estate Forms, LLC 9/9/2013 www.orefonline.com OREF 042 This form has been licensed for use solely by Nicholas Diamond pursuant to a Forms License Agreement with Oregon Real Estate Forms, LLC. May not be reproduced without express permission of Oregon Real Estate Forms, LLC Page 2 of 3 Provided by Oregon Real Estate Forms, LLC 9/9/2013 www.orefonline.com OREF 042 May not be reproduced without express permission of Oregon Real Estate Forms, LLC Page 1 of 3 Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com

Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com

OREGON REAL ESTATE DISCLOSURE PAGE 18 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. Under Oregon law, a buyer’s agent may show propertiSEes in whichDIVISION the buyer is interested to other prospe Dev.ctive buyers without / INVESTMENT LOT breaching an affirmative duty to the buyer.

Unless agreed to in writing, an agent has no duty to investigate matters that are outside the scope of the agent’s expertise, including but not limited to investigation of the condition of property, the legal status of the title or the seller’s past conformance with law.

Duties and Responsibilities of an Agent Who Represents More than One Client in a Transaction

One agent may represent both the seller and the buyer in the same transaction, or multiple buyers who want to purchase the same property, only under a written "Disclosed Limited Agency Agreement” signed by the seller and buyer(s).

Disclosed Limited Agents have the following duties to their clients: 1. To the seller, the duties listed above for a seller’s agent; and 2. To the buyer, the duties listed above for a buyer’s agent; 3. To both buyer and seller, except with express written permission of the respective person, the duty not to disclose to the other person: a. That the seller will accept a price lower or terms less favorable than the listing price or terms; b. That the buyer will pay a price greater or terms more favorable than the offering price or terms; or c. Confidential information as defined above.

Unless agreed to in writing, an agent has no duty to investigate matters that are outside the scope of the agent’s expertise.

When different agents associated with the same principal broker (a real estate licensee who supervises other agents) establish agency relationships with different parties to the same transaction, only the principal broker will act as a Disclosed Limited Agent for both buyer and seller. The other agents continue to represent only the party with whom the agents have already established an agency relationship unless all parties agree otherwise in writing. The principal real estate broker and the real estate licensees representing either seller or buyer shall owe the following duties to the seller and buyer:

1. To disclose a conflict of interest in writing to all parties; 2. To take no action that is adverse or detrimental to either party's interest in the transaction; and 3. To obey the lawful instruction of both parties.

No matter whom they represent, an agent must disclose information the agent knows or should know that failure to disclose would constitute fraudulent misrepresentation.

You are encouraged to discuss the above information with the licensee delivering this pamphlet to you. If you intend for that licensee, or any other Oregon real estate licensee, to represent you as a Seller's Agent, Buyer's Agent, or Disclosed Limited Agent, you should have a specific discussion with the agent about the nature and scope of the agency relationship. Whether you are a buyer or seller, you cannot make a licensee your agent without the licensee’s knowledge and consent, and an agent cannot make you their client without your knowledge and consent.

Michael Manougian 2014-10-14 19:51 GMT

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OREGON REAL ESTATE DISCLOSURE PAGE 19 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy.