PROJECT OVERVIEW

MAY HOSIERY is the adaptive re-use NASHVILLE WAREHOUSE AJ CAPITAL PARTNERS is a of the oldest sock mill in the South, COMPANY is the ground up dynamic private equity investment dating back to 1908. The property redevelopment of a 5.2-acre site at and development company with a comprises a campus of 6 charming the northwest corner of 4th Avenue portfolio of lifestyle hotel, luxury brick buildings set on 4 acres in South and Chestnut Street, located in resort, and urban infill assets Wedgewood-Houston. the rapidly expanding submarket of throughout North America and the Wedgewood-Houston. United Kingdom, with AUM of $3.5 The program consists of 40,000 billion across 50 holdings. The firm’s square feet of spectacular Class A The cutting edge mixed-use campus focus is the creation of distinctive, office space, 3 restaurants, 5 retail features 305 residences, 200,000 locally-inspired properties set in high storefronts, and a private members square feet of Class A office space growth and high culture club. May Hosiery is the first phase of and over an acre of communal green environments with diverse demand AJ Capital’s redevelopment efforts in space complimented by lifestyle retail generators. the submarket, and will complete in and entertainment programming. The 2020. project will deliver in 2021, and is the AJCP takes a hospitality-centric second phase of AJ Capital’s broader approach to design, programming, $500 million investment in and and place-making to create repositioning of the neighborhood’s memorable real estate experiences. commercial core. The company has a successful track record of collaboration with national brands, tenants, and operators — with specific expertise in the execution of major urban adaptive re-use projects with historical significance, ground-up development, and structured build- to-suits in leading markets.

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MAY HOSIERY (PHASE I)

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PHASE I: MAY HOSIERY PHASE II: NASHVILLE WAREHOUSE COMPANY DELIVERED UNDER DEVELOPMENT 1) Blockhouse Barber (Retail) 8) Major Music Company (Office) 2) Tuck-Hinton Architects (Office) 9) 305 Residential Units 3) Parson’s Chicken & Fish (Restaurant) 4) Major Music Tech Company (Office) AVAILABLE 10) Office (150,000 sf) UNDER DEVELOPMENT 11) Retail (20,000 sf) 5) Boutique Hotel & Private Members Club

AVAILABLE 6) Retail (10,000 sf) 5 NASHVILLE WAREHOUSE COMPANY RENDERING

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WEDGEWOOD-HOUSTON is a rapidly expanding submarket in Nashville’s urban core, located 1.2 miles south of the Central Business District; with adjacency to 12 South, the Gulch, and SoBro.

The district runs from 2nd to 8th Avenue between Wedgewood Avenue and Houston/Chestnut Streets. The area is diverse in both product and population, including historic homes and warehouses, as well as repurposed and new mixed- use developments.

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KEY DEVELOPMENTS POINTS OF INTEREST FOOD & BEVERAGE I) May Hosiery 1) Adventure Science Center A) Americano Coffee Lounge II) Nashville Warehouse Co. 2) Bento Box B) B1281 III) MLS Soccer Stadium 3) Fort Negley C) Bastion IV) MarketStreet Fairgrounds Dev. 4) Houston Station D) Clawson’s V) T3 Finery 5) Layman Drug Co. E) Corsair Distillery 6) Saint Elle F) Diskin Cider RETAIL 7) Southgate Station G) Dozen Bakery 8) Track One H) Earnest Bar and Hideaway a) The Blockhouse 9) United Record Pressing I) Falcon b) David Lusk Gallery 10) WeHo Crossing J) Flaming Cocktail Club IV c) Julia Martin Gallery K) Gabby’s d) Ole Music L) Humphreys Street e) Woodstock Vintage Lumber M) Jackalope Brewery f) Zeitgeist Gallery N) Nashville Craft Distillery III O) Parson’s Chicken & Fish 11 WEDGEWOOD-HOUSTON KEY LANDMARKS

MLS Soccer Stadium Rendering (Nashville Fairgrounds) Houston Station

T3 Finery Rendering (Hines Development) Fort Negley 12 WEDGEWOOD-HOUSTON PRESS

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AJ CAPITAL PARTNERS TRACK RECORD

GRADUATE HOTELS LOCATIONS INVESTMENT TIMELINE

2008 2009 2010 2011 AJCP is founded by Isle De France – Saint Hotel Lincoln – Thompson – Ben Weprin Barth Chicago Chicago Investment Investment Investment Auberge Resorts Investment The Raleigh – Miami The Raleigh – Investment Miami Disposition 2012 2013 2014 2015 Isle De France – Saint Pontchartrain Hotel – Graduate Soho House – Chicago Barth New Orleans Richmond Investment Disposition Investment Graduate Lincoln Chicago Athletic WeWork - Chicago Graduate Tempe Graduate Association Graduate Oxford Investment Berkeley Investment Graduate Athens Graduate Ann Graduate Hotels Graduate Arbor Established Charlottesville Investment Hotel Lincoln – Investment Nashville Mixed- Chicago Thompson – Nashville Use Project Recapitalization Investment Investment Calistoga Ranch – Napa Valley Investment 2016 2017 2018 2019

Hotel Lincoln - Chicago Graduate Hotels The Armory – San Nashville Soho Disposition Recapitalization Francisco House & Mixed- Investment Use Project Auberge Resorts Graduate Bloomington Portland Mixed- Disposition Graduate Nashville Soho House Chicago Use Project Graduate Iowa City Disposition Graduate Minneapolis New Orleans Graduate New Haven Investment Graduate Eugene Mixed-Use Project Graduate Providence Graduate Palo Alto Rusacks St. Graduate Columbus Graduate Annapolis Andrews Graduate Roosevelt Graduate East Investment Island Lansing Graduate Graduate Seattle Graduate Fayetteville Investment Cincinnati Graduate State Graduate Chapel College Hill Investment Graduate Dallas Graduate Knoxville Graduate Tucson Graduate Storrs Graduate Cambridge Graduate Oxford Graduate Seattle (Opened 2018) Investment 20 EXISTING AJ NASHVILLE ASSET

ThompsonExterior Rendering Nashville Marsh House (Thompson Nashville Restaurant) 21 EXISTING AJ NASHVILLE ASSET

Exterior Rendering Rooftop Pool Rendering 22 CONTACT

700 12th Avenue South, Suite 302, Nashville, TN 37203 615.727.7400 | www.avisonyoung.com

MELISSA LILES BILLY LYELL, CCIM Vice President Principal [email protected] [email protected] D: 615.727.7424 D: 615.727.0404 C: 615.480.2495 C: 615.300.3741