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Developer's Statement DEVELOPER’S STATEMENT Legend Communities, with headquarters in Austin, Texas, manages the development of single family residential, multi-family and associated commercial projects in Central Texas, as well as California. The company’s Principals – Haythem Dawlett and John Scardino – bring decades of planning, construction, sales and marketing experience to diverse recreational, master planned residential and mixed use communities featuring lake and golf course amenities, as well as retail, office and multi-use commercial projects. They have developed over 6,000 acres of single family residential, and have 500+units under development in Texas. Legend has developed over 186,000 SF of office space, 1,000,000 SF of self storage, over 900 boat slips, and more than 500 multifamily condominium and apartment units. Legend Communities and its affiliates have earned recognition for their projects from a number of highly-regarded local and national industry associations including the U.S. Department of Housing and Urban Development (HUD), Urban Land Institute (ULI), National Association of Home Builders and the City of Austin Green Builder Program. For its residential real estate efforts, the mission of Legend Communities is to acquire and develop highly amenitized master-planned communities in supply restricted markets with strong buyer demand. In the Central Coast of California, where projects may take up to 14 years to obtain approval, limited supply matched with a growing demand allow the Principals’ fully amenitized projects to significantly outsell the rest of the market. Similarly, in Austin, the developers have acquired properties that are difficult to entitle and provided planning, amenities and product that appeals to buyers and tenants. Special emphasis is placed on the active adult market as it represents a growing buyer profile with the resources to buy in many of the desirable communities. Legend Communities is increasing a commercial core development of residential rental and Class A self storage as well as other income producing opportunities. The company is committed to the highest standards of quality construction, service and attention to detail in all endeavors, and places an emphasis on giving back to the communities where it operates through business, civic and charitable contributions. THE PRINCIPALS Haythem Dawlett is a Founder and Vice President of Austin, Texas-based development company Legend Communities. Dawlett’s experience in the industry spans over three decades, specializing in the development, construction and sales of single family residential, multi-family and associated commercial, self storage and marina projects in Texas and California. Whether for entry-level, move-up or high-end custom homes, as well as small to mid-size commercial projects, Dawlett has built a reputation for quality construction, unmatched service and critical to detail throughout the development process. He is personally invested in all elements of the project, from planning and development through the construction and marketing phases, resulting in over $2.0 billion in sales. Dawlett’s development companies and projects have earned recognition from a number of well-regarded local and national industry associations including the U.S. Department of Housing and Urban Development (HUD), Urban Land Institute (ULI), National Association of Home Builders, Home Builders Association of Greater Austin and the City of Austin Green Builder Program. Dawlett is highly active in the Central Texas community, with an emphasis on supporting Lake Travis area civic, business, education and sports initiatives. His activities have contributed to the growth and enhancement of facilities and programs involving the Lake Travis Education Foundation, Lake Travis Elementary, Lake Travis High School, Lakeway Heritage Center and Lake Travis Library. Dawlett is heavily involved with helping foster children and underprivileged youth. Dawlett has served on the board of TexArts, and has been involved with other non- profit organizations including Any Baby Can, A World for Children and Green Santa. He resides in Austin, Texas with his two sons Grant and Pierce. John Scardino is a founder and President of JHS, LLC of California, and affiliate companies Western Pacific Land Group, and Texas-based Legend Communities. Scardino began his career as a licensed attorney in 1983 in Washington and California, before entering the development field in 1985. Over the past 30 years he has specialized in real estate acquisition, construction, sales, leasing and syndication for diverse single family residential, multi-family and associated commercial projects in the central coast of California, as well as Central Texas. Scardino has acquired, planned, developed or constructed over $2.0 billion of real estate since joining the industry, with an emphasis on recreational, master planned residential and mixed use communities featuring lake and golf course amenities, as well as retail, office and multi-purpose commercial projects. Scardino’s development companies and projects have earned recognition from a number of well-regarded local and national industry associations including the U.S. Department of Housing and Urban Development (HUD), Urban Land Institute (ULI), National Association of Home Builders and the City of Austin Green Builder Program.. Scardino invests his time and resources in causes that bring him a very different type of satisfaction than business dealings. He is committed to supporting the Boys & Girls Clubs, as well as over 25 separate children’s charities such as Maldonado Youth Center, Big Brothers Big Sisters and Nipomo Community Center that provide an avenue for children to better themselves and achieve their goals. He resides in San Luis Obispo, California, and he has two daughters, Kathryn and Anna. TEXAS MANAGERS & ASSOCIATES Susan Crawford, CPA, CFO/Controller, joined Legend Communities in 2007. Susan oversees all aspects of finance, administration, analysis, and information technology. She has 30+ years of experience in the financial sector including more than 20 years in the real estate industry. Susan previously worked with both national and regional real estate development and land management companies in large Texas markets in Houston and Austin, overseeing the financial aspects of new acquisition, development, construction and amenity operations. Bill Hayes, Chief Operating Officer, joined Legend Communities in 2015. Bill oversees all aspects of residential and commercial acquisition, development and construction. He has over 20 years of experience in the real estate industry. Before joining Legend Communities, Bill was Division President of Scott Felder Homes, a regional homebuilding company, where he managed the startup of both the Austin and San Antonio Divisions. Prior to that he was Vice President of Operations at Newmark Homes. Jennifer Langlois, Personal Assistant to Haythem Dawlett and Commercial Property Manager, joined Legend Communities in 2009, bringing 20+ years of real estate industry experience to her position as personal assistant to Haythem Dawlett and property manager for the company’s commercial real estate properties. Prior to Legend Communities, she was a custom operations manager for Legacy International Resort Properties, and has also served as an executive assistant for Austin Premiere Properties and as a leasing consultant for Falconhead Apartments. TEXAS MANAGERS & ASSOCIATES (CONT’D) Randy Hughes, Texas Regional Construction Manager, has overseen construction projects of Legend Communities since 1994. He is involved in all aspects of the planning, permitting, building and warranting of developments. Prior to joining the company, he worked for over two decades in management positions for other local builders and his own companies in Texas and Oregon. Hughes has completed hundreds of successful single- and multi-family residential and commercial projects. Kristin Deloney, Senior Real Estate Manager, joined Legend Communities in 2008 with over 20 years of business and real estate industry experience in the Texas, California, Nevada and New Mexico markets. Kristin previously worked for Crescent Communities, where she was a senior community coordinator and worked on Crescent’s various Texas development projects. She also worked with SWD Communities, Lake Las Vegas and Deloney Newkirk Fine Art. Kristin oversees many aspects of Legend Communities’ various businesses, including HOA setup and administration for our communities, real estate contract negotiation and builder contract / closing administration. Rhiannan Oxos, Project Controller, joined Legend Communities in 2013, with years of accounting experience in the architecture and commercial real estate fields. Rhiannan is involved with the Rough Hollow residential project in Lakeway and oversees the general accounting of Legend Communities. Prior to joining the Legend Communities team, she worked for Capital Commercial Investments as a Senior Accountant for more than five years overseeing the accounting of 10 properties. Rhiannan also spends time outside of the office volunteering for Faith In Action Caregivers that provides rides and chores around the homes for seniors that are able to live on their own but don’t have a means of transportation. Jen Marek, Project Accountant, rejoined Legend Communities in 2019 with a strong background in small business administration and more than 20 years of bookkeeping experience. She specializes in real estate, property management and
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