Days Inn & Suites Youngstown/Girard

Offering Memorandum

DAYS INN & SUITES YOUNGSTOWN/GIRARD

1615 E Liberty St • Girard, OH 44420 1 NON - ENDORSEMENT AND DISCLAIMER NOTICE

Confidentiality and Disclaimer The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

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DAYS INN & SUITES YOUNGSTOWN/GIRARD Girard, OH ACT ID Y0300456

BOR: Michael Glass 230 West St., Suite 100, Columbus, OH 43215 TEL: 614-360-98

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TABLE OF CONTENTS

SECTION

INVESTMENT OVERVIEW 01 Offering Summary Regional Map Local Map Aerial Photo Parcel Map

FINANCIAL ANALYSIS 02 STR Historical P&L 5 Year Pro Forma

Acquisition Financing

MARKET COMPARABLES 03 Sales Comparables

MARKET COMPETITORS 04 Competitive Set Performance

Competitor Data

MARKET OVERVIEW 05 Market Analysis Demographic Analysis

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INVESTMENT OVERVIEW

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OFFERING SUMMARY EXECUTIVE SUMMARY

VITAL DATA CURRENT YEAR 1 MAJOR EMPLOYERS Price $2,250,000 CAP Rate 16.94% 15.57%

PIP $0 Net Operating Income $391,225 $350,424 EMPLOYER # OF EMPLOYEES 56.42% / 47.36% / Down Payment 20% / $450,000 Net Cash Flow After Debt St Elizabeth Health Center 2,500 $253,904 $213,103 Service GE 1,570 69.74% / 60.68% / Loan Amount $1,848,000 Total Return Youngstown State University 728 $313,844 $273,043 Loan Type Proposed New William F Maag Jr Library 540 Interest Rate / 4.25% / 20 Nationa Lease 461 Amortization Years Northeast Ohio Corrections 450 Price/Room $42,453 BOARD OF MAHONING COUNTY 400 Ownership Type Fee Simple COMMI Number of Rooms 53 Exal Corporation 385 Rentable Square Feet 25,658 Westview Apartments Ohio LLC 385 Number of Buildings 1 Mahoning County 384 Number of Stories 2 US Post Office 333 Year Built 1978 Brentwood Originals Inc 330 Lot Size 2 acre(s)

DEMOGRAPHICS

1-Miles 3-Miles 5-Miles 2018 Estimate Pop 3,133 33,785 87,774 2010 Census Pop 3,192 34,597 89,534 2018 Estimate HH 1,261 13,180 35,048 2010 Census HH 1,314 13,791 36,429 Median HH Income $42,434 $37,892 $35,937 Per Capita Income $22,097 $21,394 $20,861 Average HH Income $54,490 $53,270 $50,259

#5 DAYS INN & SUITES GIRARD

OFFERING SUMMARY INVESTMENT OVERVIEW

Marcus & Millichap is pleased to present an opportunity to acquire a newly renovated Days Inn & Suites less than 4 miles from Youngstown State University and less than 5 miles from Covelli Center & Downtown Youngstown.

The subject property is one hour from Cleveland, Ohio and Pittsburgh, Pennsylvania. The Days Inn & Suites Youngstown/Girard Ohio has an occupancy of 56.13 percent, ADR of $60.29, and a RevPAR of $33.84 The hotel currently operates at 42.94 percent margins which is a net operating income $391,225.00

The Subject property generates roughly $780,000.00 in room revenues, 60 percent Occ, $59 ADR and a net operating income ranging from $370,000 - $390,000.00. The Days Inn & Suites Youngstown presents investors an opportunity to acquire a Limited Service product surrounded by multiple demand generators, significant upside potential through hands on management and the ability to achieve over a 45% (EBITDA) return year over year for the then five years.

All rooms and suites include en-suite bathrooms with showers and tubs, free Wi-Fi, TVs, and desks with ergonomic chairs. Other amenities include microwaves, mini- fridges, and tea and coffeemakers. Whirlpool tub suites are available. Also currently includes a continental breakfast buffet as well as parking for cars, trucks and buses.

There is a heated indoor pool, hot tub, fitness center, and business centers with meeting rooms available. The subject property also has an owners apartment which consists of two floors, two living rooms, two full kitchens, three bed rooms, two full baths,, and patio area..

INVESTMENT HIGHLIGHTS

. 53 Rooms . Highly Visible Location - Directly off Interstate (I-80)

. Renovated In 2018 . One Hour from Pittsburg and Cleveland . 4 Miles North of Downtown Youngstown

. Owners Apartment - Two Floors, Two Living Spaces, Two Kitchens, Three Bed Rooms, Two Full Baths, and Patio Area

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OFFERING SUMMARY PROPERTY OVERVIEW

All rooms and suites include en-suite bathrooms with showers and tubs, free Wi-Fi, TVs, and desks with ergonomic chairs. Other amenities include microwaves, mini-fridges, and tea and coffeemakers. Whirlpool tub suites are available. Also currently includes a continental breakfast buffet as well as parking for cars, trucks and buses. In 2019 all rooms received brand new mattresses, bedspreads, & bed sheets. Features brand new water heaters in 2019 as well.

There is a heated indoor pool, hot tub, and fitness and business centers with meeting rooms available. The subject property also has an owners apartment which consists of two floors, two living rooms, two full kitchens, three bed rooms, two full baths, and patio area.

The Seller has owned this hotel for 25 years, it was a former Econo Lodge, and in 2007 they converted it into a Days Inn & Suites by Wyndham.

Common Area Amenities ***Main reason current owner is selling is due to the fact that they now live in Eastern Pennsylvania.***

. Complimentary Breakfast . Complimentary Wireless Internet Connection . Business Center & Meeting Rooms . Fitness Center . Indoor Heated Pool

Guest Room Amenities

. Desk & Ergonomic Chairs . New Mattresses & Bedspreads-Sheets . Coffee/Tea Maker . Television & Direct Dial Phone . Mini-Refrigerator & Microwave

#7 DAYS INN & SUITES GIRARD

PROPERTY OVERVIEW

LOCATION OVERVIEW The Days Inn & Suites Youngstown is located off of Interstate 80 the most traveled US interstate with business from a wide range of demand generators from large corporations to leisure travel attractions.

The hotel is only 5 mile from one of the area’s top employers InfoCision. One of the premier companies in direct marketing services, InfoCision employs 1500 area residents through their main campus. Other major area employers include AT&T, Delphi Packard, General Electric, General Motors Lordstown Plant, and Youngstown State University.

Area leisure attractions are anchored by all Ohio’s Mahoning Valley has to offer. The area is home to the Covelli Center, Hollywood Gaming Racino, Eastwood Mall, Southern Park Mall, and The Butler Institute of American Art with many more attractions just a short drive away in Pennsylvania .

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PROPERTY OVERVIEW

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OFFERING SUMMARY PROPERTY SUMMARY

THE OFFERING ROOM TYPES Property Days Inn & Suites Youngstown/Girard NUMBER OF ROOMS ROOM TYPE Price $2,250,000 26 Double Property Address 1615 E Liberty St, Girard, OH 16 Queen Assessors Parcel Number 12-598854 9 King Zoning Commercial - Hotel/Motel 2 ADA Compliant SITE DESCRIPTION PROPOSED FINANCING Number of Rooms 53 FIRST TRUST DEED ADA Rooms 2 Loan Amount $1,848,000 Number of Stories 2 Loan Type Proposed New Year Built/Renovated 1978 / 2014 Interest Rate 4.25% Ownership Type Fee Simple Amortization 20 Years Lot Size 2 acre(s) Loan Term 10 Years Parking 70 Loan to Value 82% Location Highway Exit Debt Coverage Ratio 2.85 CONSTRUCTION SECOND TRUST DEED Foundation Concrete Loan Type All Cash Framing Brick Exterior Stucco Parking Surface Asphalt Roof Shingle/Pitched MECHANICAL HVAC Individual PTAC Elevators NO CHANGE TO FRANCHISE Application Fee $35,000.00 Parent Company Wyndham Hotel Group

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REGIONAL MAP

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LOCAL MAP

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AERIAL PHOTO

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PARCEL MAP

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PROPERTY PHOTO

Marcus & Millichap closes more transactions than any other brokerage firm.

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FINANCIAL ANALYSIS

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OFFERING SUMMARY PROPERTY SUMMARY

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FINANCIAL ANALYSIS

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FINANCIAL ANALYSIS STR

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FINANCIAL ANALYSIS HISTORICAL P&L

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FINANCIAL ANALYSIS HISTORICAL P&L

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FINANCIAL ANALYSIS 5 YEAR PRO FORMA

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FINANCIAL ANALYSIS 5 YEAR PRO FORMA

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ACQUISITION FINANCING

MARCUS & MILLICHAP CAPITAL CORPORATION CAPABILITIES MMCC—our fully integrated, dedicated financing arm—is committed to WHY MMCC? providing superior capital market expertise, precisely managed execution, and Optimum financing solutions to unparalleled access to capital sources providing the most competitive rates and enhance value terms.

We leverage our prominent capital market relationships with commercial banks, Our ability to enhance buyer pool life insurance companies, CMBS, private and public debt/equity funds, Fannie by expanding finance options Mae, Freddie Mac and HUD to provide our clients with the greatest range of financing options.

Our dedicated, knowledgeable experts understand the challenges of financing and work tirelessly to resolve all potential issues to the benefit of our clients. Our ability to enhance seller control • Through buyer qualification support • Our ability to manage buyers finance expectations • Ability to monitor and manage buyer/lender progress, insuring timely, predictable closings • By relying on a world class Closed 1,651 debt National platform $5.1 billion total Access to more set of debt/equity sources and equity operating national volume capital sources financings within the firm’s in 2016 than any other and presenting a tightly underwritten in 2016 brokerage offices firm in the credit file industry

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MARKET OVERVIEW

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MARKET OVERVIEW YOUNGSTOWN OVERVIEW

The Youngstown metro is situated in the Mahoning Valley, spanning portions of western Ohio and eastern Pennsylvania. The metro consists METRO HIGHLIGHTS of Mahoning, Trumbull and Mercer counties. The city of Youngstown is the metro’s largest municipality and a midpoint between Cleveland and FAMILY FRIENDLY Pittsburgh. Youngstown and the city of Warren account for a combined A desirable quality of life attracts many families. Draws include Youngstown’s 107,000 citizens. collection of four- and five-star schools. ACHIEVABLE HOMEOWNERSHIP The metro’s affordable cost of living and low home prices allow 71 percent of households to own a home, well above the U.S. rate.

GROWING CONCENTRATION OF MANUFACTURERS Matalco, Joseph Co. and other out-of-state manufacturers have recently secured incentives to construct facilities in the metro.

ECONOMY

. The metro boasts a diverse employment base driven by the education, healthcare and manufacturing sectors. Youngstown State University is one of the metro’s largest employers. . Other major employers represent a variety of industries and include Joseph Company International, which is constructing a beverage and technology complex in Youngstown that will produce the world’s first self-chilling beverage. Canadian-based manufacturer Matalco recently opened an aluminum re-melt factory in the village of Lordstown. . Construction on the $900 million Lordstown Energy Center is nearing completion and a second $900 million gas-fired power plant is planned nearby. DEMOGRAPHICS

2017 2017 2017 2017 MEDIAN POPULATION: HOUSEHOLDS: MEDIAN AGE: HOUSEHOLD INCOME: 554K 224K 43.8 $44,100 Growth Growth U.S. Median: U.S. Median: 2017-2022*: 2017-2022*: -0.8% 0.2% 378 $56,300

* Forecast Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau

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MARKET OVERVIEW

NORTH CENTRAL

Healthy Performance Gains Attract Investors to North Central Region

Business and sports support rising occupancy. Steady increases in room nights have driven occupancy and revenue metric improvements in the North Central region, which comprises Indiana, Ohio and Michigan. In Indiana, a growing tech sector is underpinning business travel demand. As several firms expand and move to the state, hotel occupancy, particularly during the workweek, may continue to rise from travel to interviews and business meetings. Occupancy in all three states will benefit from the start of the collegiate school year in the fall. Travel to sporting events, particularly against rivalry teams, may support further occupancy improvement by year end.

Deal flow picks up regionally. Improving occupancy and steady growth in ADR and RevPAR during the year ending in June have heightened investor demand for hotel properties in the North Central region. Assets in Ohio and Indiana made up the bulk of sales, with Cincinnati and Indianapolis garnering particular investor interest. Regionally, economy and upper midscale hotel assets comprised the majority of transactions, though sales of upscale properties rose this time as several Hilton branded properties traded.

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MARKET OVERVIEW

NORTH CENTRAL

. Occupancy climbs regionally. Room nights of 3.9 percent outpaced the 1.3 percent increase in rooms available during the prior 12 months, lifting occupancy in the North Central region 170 basis points to 71.8 percent in June. All states contributed to occupancy improvement during this time, with Indiana and Ohio outperforming the region. In Ohio, occupancy jumped 200 basis points since last June to 72.0 percent as room nights rose 4.3 percent. This increase could be attributed to the Republican National Convention held last year. Occupancy in Indiana climbed 210 basis points to 73.4 percent, the highest rate among all three states. Room nights in Indiana advanced 3.3 percent during the last four quarters as rooms available ticked up marginally. Indianapolis registered a 60-basis-point increase during this time to 77.1 percent as few rooms were delivered during the last 12 months.

. Revenue metrics moderate. Improving regional occupancy drove increases in revenue metrics during the last four quarters, though at a slower pace than last year. ADR in the North Central region rose 2.2 percent to $103.32 ending in the second quarter while RevPAR climbed 4.8 percent during this time. Michigan posted the strongest ADR growth, moving up 3.6 percent to $79.69. The increase in ADR, coupled with a 100-basis-point rise in occupancy, lifted RevPAR in the state up 4.8 percent. In Indiana, ADR and RevPAR rose 3.4 percent and 6.5 percent, respectively. Revenue metrics in Cleveland registered losses, slowing improvement for the state of Ohio, where ADR inched up 0.5 percent. The jump in statewide occupancy did aid in a 3.4 percent increase in RevPAR.

. Bidding heats up for region’s hotels. Transaction velocity in the North Central region rose considerably as demand for hotel properties picked up significantly in Ohio and Indiana. Increased demand for regional hotel assets also drove up the average price roughly 4 percent during the last four quarters to $43,000 per room. Hotels in Indiana changed hands near $57,600 per key on average.

* Forecast

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MARKET OVERVIEW

MIDYEAR 2017 HOSPITALITY RESEARCH

Investors Maintain Confidence in Hospitality Market As Occupancy and Revenue Metrics Improve Hotel room demand persists. The U.S. hospitality sector has recorded increases in occupancy and revenue metrics during the year ending in June as room demand remained healthy. Employment growth nationwide and the rising median household income will support travel in the near future. Both domestic and international travel continue to rise, further benefiting room demand. Potential headwinds do exist including the growing construction pipelines in many major markets that may place downward pressure on occupancy, the average daily rate and RevPAR this year and into 2018.

• During the last 12-month period, hiring in office-using sectors rose 2.4 percent nationwide as 734,000 workers were added to staffs. Healthy job growth and a tight employment rate of 4.4 percent bolstered medium household incomes by 2.8 percent during this time. The rising incomes may spur additional leisure travel while increased jobs may further business travel.

• Domestic and international passenger travel in the United States rose 3.8 percent during 2016. In particular, international travel provides hotel operators opportunities for stronger demand drivers as passengers more than doubled in the last three years.

• Texas and California have more than 20,000 rooms each that are expected to break ground in the next 12 months. The increased supply may place downward pressure on occupancy in the coming years.

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MARKET OVERVIEW

MIDYEAR 2017 HOSPITALITY RESEARCH

Investors increasingly targeting hotels as demand drivers improve. Hotel operations that spur revenue growth have kept buyers active in this sector. Transaction velocity rose roughly 10 percent nationwide as demand picked up for properties in many of the country’s smaller markets. On average, hotel assets changed hands for nearly $100,000 per key, down slightly year over year as fewer properties in upper chain scales changed hands.

. Among chain scales, lower-tier hotels garnered significant investor attention. Trades increased considerably for economy and upper midscale assets during the previous four quarters. Demand for upscale assets held steady with the majority of trades in Marriott and Hilton branded properties.

. Several regions posted significant increases in transaction volume during the last 12 months. The Carolinas and the Central Midwest region led the nation, with the Mid Atlantic, Mid South and Southwest regions following. In prior years, coastal regions typically led sales volume.

. Sales velocity picked up for independent properties during the year ending in June as buyers widened their acquisition expectations. The increased demand for soft brand hotels may further intensify bidding for their properties moving forward as visitors seek experience oriented hotels.

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MIDYEAR 2017 HOSPITALITY RESEARCH

Hotel construction pipeline on the rise. Roughly 111,000 rooms in more than 950 hotel projects were completed nationwide during the last 12 months up to June. Moving forward, nearly 187,000 rooms are under development and an additional 222,000 are expected to break ground in the next four quarters. The growing supply additions may place downward pressure in occupancy over the coming year.

. The metros of Houston and New York City received the largest number of rooms as 4,200 and 5,400 rooms were completed within July to June, respectively.

. Hilton Worldwide and Marriott International boosted their inventory during the last 12 months. Both companies averaged between 27 percent and 28 percent increases of new hotel rooms over all supply additions.

. Among chain scales, the bulk of new completions were in the upscale and upper midscale segments with a combined total of 77,000 rooms. Roughly 10,500 unaffiliated rooms were also constructed during this time. * Trailing 12 months through 2Q

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MIDYEAR 2017 HOSPITALITY RESEARCH

Occupancy climbs amid healthy room demand. Since last June, demand for hotel rooms continued to outpace supply growth, lifting occupancy in the United States 50 basis points to 73.4 percent at the end of the second quarter. First half occupancy rose 40 basis points from the same time period last year to 65.3 percent.

. Large markets that demonstrated significant occupancy increases from last year include Norfolk-Virginia Beach, Orlando and Atlanta. On the other hand, mounting supply pressures in metros including Dallas, Houston and Nashville weighed on vacancy improvement in the last 12 months.

. Nearly all hotel chain scales posted occupancy improvements over the year ending in June. Economy chains boasted the greatest improvement with occupancy increasing 90 basis points to 65.4 percent. The upscale segment posted the only occupancy decrease as the rate ticked down 20 basis points year over year to 80.5 percent.

. Based on location, occupancy in properties in proximity to major thoroughfares climbed 100 basis points during the previous four quarters to 66.6 percent. Room demand in these hotels typically comes from travelers passing by. The highest occupancy rate remains in urban hotels at 80.4 percent, up 50 basis points year over year.

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MIDYEAR 2017 HOSPITALITY RESEARCH

Room demand drives increases in revenue metrics. Rising occupancy nationwide is driving growth in revenue metrics. During the year ending in the second quarter, the average daily rate advanced 2.1 percent to $129.12. The increase in ADR and occupancy generated a 2.8 percent rise in RevPAR during this time to $94.73.

. ADR and RevPAR in independent hotels outperformed all other chain scales, rising 2.7 percent and 3.9 percent, respectively. Economy hotels followed as strong occupancy improvement and a 2.2 percent increase in ADR drove a 3.5 percent climb in RevPAR during the last 12 months.

. Despite higher occupancy in urban areas, suburban hotels outperformed their counterparts in ADR and RevPAR growth during the previous four quarters. ADR in urban hotels rose 0.3 percent while RevPAR inched up 0.9 percent during this time. In the suburbs, ADR climbed 2.3 percent and RevPAR posted a 2.8 percent advance.

. Major markets with RevPAR growth near or above 10 percent include Norfolk-Virginia Beach, Orlando, and * Trailing 12 months through 2Q San Diego.

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MIDYEAR 2017 HOSPITALITY RESEARCH

Total Airport Passengers in Major Markets Travel Highlights

. Passenger travel in the many of the nation’s largest airports can highlight up-and-coming travel destinations and the potential for improvement in hotel occupancy and revenue metrics. The Los Angeles International Airport registered an 8 percent increase in passenger volume in 2016 from the prior year, making it the second most traveled airport in the nation. During this same time, hotel occupancy increased 100 basis points in the Los Angeles metro while RevPAR jumped 10.9 percent year over year. Additionally, hotels located near airports tend to have some of the highest occupancy rates, compared with interstate, resort, suburban and small metro hotels. . One of U.S. largest contributors to international visitation, Brazil, was battered with political turmoil and a recession leading to a 24 percent drop in arrivals in 2016. Many Florida markets are impacted from fewer tourists visiting from the country and several of these metros, including Orlando, registered occupancy 2016 International Visitation declines last year. On the other hand, the number of tourists from China grew 15 percent in 2016 from the prior year and that number is expected to increase. As a result, many hotels are customizing amenities to entice these travelers, including a hotel chain in California that will now accept Chinese mobile payments.

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MARKET OVERVIEW

MIDYEAR 2017 HOSPITALITY RESEARCH

Capital Markets . Monetary policy in transition. Despite the Fed raising its benchmark short-term rate three times in seven months and signaling another rise before the end of the year, long-term rates have remained stable. The yield on the 10-year U.S. Treasury bond remained in the low- to mid-2 percent range throughout the third quarter of 2017. The Federal Reserve wants to normalize monetary policy and, in addition to raising its funds (or overnight lending) rate, has announced it will begin to taper its balance sheet by allowing an initial $10 billion in securities to mature without reinvestment. By reducing its acquisitions of securities, 10-year Treasury rates should drift upward, thereby widening the spread between short- and long-term rates.

. Increase in interest rates over the course of the year, pushing up the cost of capital. While commercial real estate fundamentals remain strong, rising costs associated with debt financing will tighten the spread between cap rates and lending benchmarks. This environment could weigh on transaction activity as investors evaluate their yield options. Cap rates have remained relatively stable over the last year, but upward movement in Treasury rates has amplified the expectation gap between buyers and sellers.

. Capital markets remain highly competitive, with a broad assortment of fixed-rate products available. Year to date, CMBS market share has moved from a quarter of the market up to comprising one-third of hotel lending. Loan-to-value for CMBS typically is in the low-60 percent range. Lending by national and regional/local banks comprises a quarter of the lending activity this year with smaller loan sizes and LTV averaging from 60 percent to upwards of 90 percent for SBA products.

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MARKET OVERVIEW

MIDYEAR 2017 HOSPITALITY RESEARCH

2017 Marcus & Millichap Transactions

Name State Rooms Wyndham Garden Hotel Newark NJ 349 Clarion Orlando International Airport FL 330 Surfside Marina TX 281 Clarion Conversion KS 257 Holiday Inn & Suites Beaumont TX 253 Atrium Hotel & Conference Center KS 216 Cabot Lodge Jackson North MS 200 Crowne Plaza OH 200 A2B Budget Hotel GA 196 Fontana Village Resort NC 194 Denver’s Best Inn & Suites CO 190 Ramada Florence Center SC 190 Days Inn Birmingham South AL 159 Red Roof Inn St. Louis Westport MO 158 Holiday Inn & Suites WI 146 Clarion Inn & Suites Syracuse NY 143 Days Inn New Orleans LA 138 The Hotel Blue NM 140 Best Western Plus Westbank LA 138 Roadway Inn FL 125 Suburban Extended Stay South Bend IN 117 Days Inn Knoxville East TN 116 Holiday Inn Yakima WA 114 Motel 6 Tulsa South OK 114

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MARKETINGDEMOGRAPHICS TEAM Created on April 2018

POPULATION 1 Miles 3 Miles 5 Miles HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles . 2022 Projection . 2017 Estimate Total Population 3,091 32,640 84,955 $200,000 or More 1.10% 1.47% 1.26% . 2017 Estimate $150,000 - $199,000 1.36% 1.68% 1.23% Total Population 3,155 33,832 87,901 $100,000 - $149,000 11.18% 8.10% 6.77% . 2010 Census $75,000 - $99,999 8.43% 9.79% 9.06% Total Population 3,203 34,592 89,610 $50,000 - $74,999 16.57% 16.27% 16.90% . 2000 Census $35,000 - $49,999 17.36% 15.01% 14.53% Total Population 3,365 38,678 100,842 $25,000 - $34,999 12.80% 11.99% 12.40% . Daytime Population $15,000 - $24,999 12.30% 14.69% 15.23% 2017 Estimate 5,515 43,108 104,044 Under $15,000 18.89% 21.00% 22.60% HOUSEHOLDS 1 Miles 3 Miles 5 Miles Average Household Income $53,756 $51,576 $48,606 . 2022 Projection Median Household Income $42,114 $37,034 $34,800 Total Households 1,263 12,943 34,408 Per Capita Income $21,904 $20,884 $20,294 . 2017 Estimate POPULATION PROFILE 1 Miles 3 Miles 5 Miles Total Households 1,276 13,306 35,299 . Population 25+ by Education Level Average (Mean) Household Size 2.34 2.34 2.33 2017 Estimate Population Age 25+ 2,262 23,562 61,163 . 2010 Census Elementary (0-8) 2.18% 2.32% 2.50% Total Households 1,315 13,795 36,428 Some High School (9-11) 8.16% 9.60% 10.21% . 2000 Census High School Graduate (12) 44.24% 41.01% 42.63% Total Households 1,350 15,125 40,050 Some College (13-15) 19.63% 20.54% 20.69% HOUSING UNITS 1 Miles 3 Miles 5 Miles Associate Degree Only 6.30% 6.62% 6.47% . Occupied Units Bachelors Degree Only 11.69% 11.34% 10.38% 2022 Projection 1,263 12,943 34,408 Graduate Degree 7.55% 7.75% 6.17% 2017 Estimate 1,488 15,839 41,900

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MARKETINGDEMOGRAPHICS TEAM

Population Race and Ethnicity In 2017, the population in your selected geography is 3,155. The The current year racial makeup of your selected area is as follows: population has changed by -6.24% since 2000. It is estimated that 68.88% White, 25.64% Black, 0.00% Native American and 1.07% the population in your area will be 3,091.00 five years from now, Asian/Pacific Islander. Compare these to US averages which are: which represents a change of -2.03% from the current year. The 70.42% White, 12.85% Black, 0.19% Native American and 5.53% current population is 47.80% male and 52.20% female. The median Asian/Pacific Islander. People of Hispanic origin are counted age of the population in your area is 44.68, compare this to the US independently of race. average which is 37.83. The population density in your area is 1,002.58 people per square mile. People of Hispanic origin make up 3.87% of the current year population in your selected area. Compare this to the US average of 17.88%.

Households Housing There are currently 1,276 households in your selected geography. The The median housing value in your area was $113,812 in 2017, number of households has changed by -5.48% since 2000. It is compare this to the US average of $193,953. In 2000, there were 929 estimated that the number of households in your area will be 1,263 owner occupied housing units in your area and there were 421 renter five years from now, which represents a change of -1.02% from the occupied housing units in your area. The median rent at the time was current year. The average household size in your area is 2.34 persons. $395.

Income Employment In 2017, the median household income for your selected geography is In 2017, there are 3,255 employees in your selected area, this is also $42,114, compare this to the US average which is currently $56,286. known as the daytime population. The 2000 Census revealed that The median household income for your area has changed by 22.46% 53.42% of employees are employed in white-collar occupations in since 2000. It is estimated that the median household income in your this geography, and 48.01% are employed in blue-collar occupations. area will be $47,085 five years from now, which represents a change In 2017, unemployment in this area is 7.56%. In 2000, the average of 11.80% from the current year. time traveled to work was 21.00 minutes.

The current year per capita income in your area is $21,904, compare this to the US average, which is $30,982. The current year average household income in your area is $53,756, compare this to the US average which is $81,217.

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8 DEMOGRAPHICS