FULLY ENTITLED SENIOR HOUSING DEVELOPMENT OPPORTUNITY 21300 OXNARD ST WOODLAND HILLS, CA 91367 FOR 120,626 Square Foot Building SALE Up to 131 Units (200+ beds)

OFFERING MEMORANDUM AFFILIATED BUSINESS DISCLOSURE DISCLAIMER CBRE, Inc. operates within a global family of companies with many This Memorandum contains select information pertaining to the subsidiaries and related entities (each an “Affiliate”) engaging in a Property and the Owner, and does not purport to be all-inclusive or broad range of commercial real estate businesses including, but not contain all or part of the information which prospective investors limited to, brokerage services, property and facilities management, may require to evaluate a purchase of the Property. The information valuation, investment fund management and development. At times contained in this Memorandum has been obtained from sources different Affiliates, including CBRE Global Investors, Inc. or Trammell believed to be reliable, but has not been verified for accuracy, Crow Company, may have or represent clients who have competing completeness, or fitness for any particular purpose. All information interests in the same transaction. For example, Affiliates or their is presented “as is” without representation or warranty of any kind. clients may have or express an interest in the property described in Such information includes estimates based on forward-looking this Memorandum (the “Property”), and may be the successful bidder assumptions relating to the general economy, market conditions, for the Property. Your receipt of this Memorandum constitutes your competition and other factors which are subject to uncertainty and acknowledgement of that possibility and your agreement that neither may not represent the current or future performance of the Property. CBRE, Inc. nor any Affiliate has an obligation to disclose to you All references to acreages, square footages, and other measurements such Affiliates’ interest or involvement in the sale or purchase of the are approximations. This Memorandum describes certain documents, Property. In all instances, however, CBRE, Inc. and its Affiliates will including leases and other materials, in summary form. These act in the best interest of their respective client(s), at arms’ length, not summaries may not be complete nor accurate descriptions of the full in concert, or in a manner detrimental to any third party. CBRE, Inc. agreements referenced. Additional information and an opportunity to and its Affiliates will conduct their respective businesses in a manner inspect the Property may be made available to qualified prospective consistent with the law and all fiduciary duties owed to their respective purchasers. You are advised to independently verify the accuracy and client(s). completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.

CONFIDENTIALITY AGREEMENT The Owner expressly reserves the right, at its sole discretion, to reject Your receipt of this Memorandum constitutes your acknowledgement any or all expressions of interest or offers to purchase the Property, that (i) it is a confidential Memorandum solely for your limited use and and/or to terminate discussions at any time with or without notice benefit in determining whether you desire to express further interest to you. All offers, counteroffers, and negotiations shall be non- in the acquisition of the Property, (ii) you will hold it in the strictest binding and neither CBRE, Inc. nor the Owner shall have any legal confidence, (iii) you will not disclose it or its contents to any third party commitment or obligation except as set forth in a fully executed, without the prior written authorization of the owner of the Property definitive purchase and sale agreement delivered by the Owner. (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc. © 2018 CBRE, Inc. All Rights Reserved.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc. 3

VARIEL AVE 21300 OXNARD ST WOODLAND HILLS, CA 91367

OXNARD ST

CANOGA AVE AVE` 4 THE OPPORTUNITY

CBRE, Inc., as the exclusive agent for the owner, is pleased to present an opportunity to acquire a fully-entitled senior housing development site in Warner Center (Woodland Hills, ). The subject property is 1.06 acres located at 21300 Oxnard Street. The land is fully-entitled for a 6-story, approximately 120,626-square foot seniors housing facility to include up to 131 units of assisted living and memory care and 80 subterranean parking spaces.

The seniors housing facility will be part of a mixed-use, healthcare development that will also include, on a separate legal parcel, a new medical office building. The planned medical building will be six-stories and will total approximately 112,033 square feet with ground- floor restaurant and retail uses and an attached five-story parking structure containing approximately 331 parking spaces. The medical building development is available as a separate offering.

BRYAN LEWITT CHRIS ISOLA FOR MORE INFORMATION, PLEASE CONTACT: Senior Vice President First Vice President CBRE Healthcare Services Group 213 613 3201 213 613 3204 [email protected] [email protected] Lic. 01012328 Lic. 01454942 5 PROPERTY OVERVIEW

Approximate subject parcel ADDRESS FLOOR AREA 21300 Oxnard St. 120,626 SF Woodland Hills, CA 91367 3 7 7 O XNARD ST 9

290 E 33 A Po r , SITE-WIDE FAR I 5 2 13 Po r , TOTAL GROSS LOT Po r , 0

0 23 4 46,433 SF / 1.06-acres 2.7:1 3 4 3 D B Po r ,

B 14 C C E 30 32 V

Po r , B 8 24 A Po r ,

290

25 L E I APN* USE APPROVED R

9 A V 2149-002-032 Senior Housing BK C 29 E I 34 D 26 D Po r , 146 Po r , Po r ,

V Po r , A

C ALIFA ZONING PLAN APPROVED A

G (WC) Commerce-SN 131 units (200+ beds)

O E N S Po r , for assisted living and A A B R C D C Po r , Po r , Po r , Po r , 20 memory care

SPECIFIC PLAN AREA PARKING Warner Center 2035 80 subterranean spaces Specific Plan (W.C. 2035 S.P.)

*APN is for entire healthcare campus site, seller will secure a lot split prior to closing. 6

MEDICAL OFFICE BUILDING

SITE PLAN

SENIOR HOUSING FACILITY 46,433 SF / 1.06-acres

PARKING STRUCTURE 7

RIVER WARNER CENTER PLAN 2035

WARNER CENTER 2035 PLAN IS A GROWTH NORTH STRATEGY THAT ENCOURAGES AND UPTOWN VILLAGE INCENTIVIZES INFILL DEVELOPMENT AND REDEVELOPMENT OF EXISTING PROPERTIES.

• DEVELOPMENT BLUEPRINT EMPHASIZING MIXED-USE AND TRANSIT- ORIENTED DEVELOPMENT, WALKABILITY AND SUSTAINABILITY COLLEGE

• ENCOMPASSES 1,100 ACRES DOWNTOWN TOPANGA

• TARGETED TO ADD 14 MM SF OF NEW, 21300 OXNARD ST NON-RESIDENTIAL AREA – 12.5 MM SF WOODLAND HILLS, CA 91367 OFFICE AND 2.3 MM SF OF RETAIL

• SEEKS DEVELOPMENT OF 23.5 MM SF (20,000) UNITS OF NEW RESIDENTIAL

• DIVIDES WARNER CENTER INTO 8 DISTRICTS, EACH WITH ITS OWN PARK DEVELOPMENT GUIDELINES COMMERCE 8 SIGNIFICANT NEW DEVELOPMENTS BELL CANYON

PROMENADE 2035 (WESTFIELD) UPTOWN AT WARNER CENTER

NEW RETAIL SHOPS (444,744 SF), RESTAURANTS (53,635 SF), OFFICES 47-ACRE FORMER ROCKETDYNE SITE, COULD BE FULLY BUILT-OUT AT 6.035 (285,000 SF), A BOUTIQUE HOTEL (275 ROOMS), AND A COMMUNITY/ MM SF, INCLUDING 1.13 MM SF OF OFFICE, 3.95 MM SF OF RESIDENTIAL CULTURAL CENTER, ALL ANCHORED BY A COSTCO. (3,950 UNITS), 200,000 SF OF RETAIL, AND A 210 ROOM HOTEL.

WARNER CENTER CORPORATE ANTHEM BLUE CROSS PARK / ADLER REALTY 25.6-ACRE PARKING LOT WITH 5 PARCELS, CURRENTLY ON THE 24-ACRE SITE, TO BE FULLY BUILT-OUT WITH 9 BUILDINGS AND 2.6 MARKET FOR SALE. APPROVED FOR MORE THAN 5.5 MM SF OF MM SF, INCLUDING 1,000 RESIDENTIAL UNITS, 222 HOTEL ROOMS, OFFICES, RESIDENTIAL, RETAIL AND HOTEL ROOMS. AND 1.4 MM SF OF OFFICE, RETAIL AND RESTAURANTS. 9

SANTA CLARITA

BELL CANYON

CANOGA PARK

CANOGA STATION DE SOTO AVE

UPTOWN AT WARNER CENTER

TOPANGA

METRO ORANGE LINE

TOPANGA CANYON BLVD THE VILLAGE

PROMENADE 21300 OXNARD ST WOODLAND HILLS, CA 91367

WOODLAND HILLS

WOODLAND HILLS

CANOGA AVE 10 CONTINUING CARE AT NEARBY SKILLED NURSING FACILITIES 11 MARKET ANALYSIS

NAME / ADDRESS CARE LEVELS OCCUPANCY UNIT TYPE MOVE-IN FEE MONTHLY RENTAL FEE CARE SERVICE FEES

ATRIA AT TARZANA AL - 112 98% AL Studio $ 7,500.00 $ 6,500.00 Up to $4,455 5325 Etiwanda Avenue AL One Bedroom $ 7,500.00 $ 7,500.00 per month Tarzana, CA 91356 AL Two Bedroom $ 7,500.00 $8,800-10,000

BELMONT VILLAGE ENCINO AL - 92 96% AL Studio $ 4,895.00 $ 4,895.00 Up to $2,350 15451 Ventura Blvd. MC - 44 AL One Bedroom $ 6,920.00 $ 6,920.00 per month Sherman Oaks, CA 91403 MC Studio $ 7,450.00 $ 7,450.00 MC One Bedroom $ 10,000.00 $ 10,000.00

THE VILLAGE AT IL - 191 98% IL Studio $ 4,000.00 $ 5,215.00 Up to $1,600 NORTHRIDGE AL - 84 IL One Bedroom $ 4,000.00 $ 5,920.00 per month 9222 Corbin Ave. IL Two Bedroom $ 4,000.00 $ 7,535.00 Northridge, CA 91324 AL Studio $ 4,000.00 $ 5,935.00 AL One Bedroom $ 4,000.00 $ 6,835.00 AL Two Bedroom $ 4,000.00 $ 8,520.00

BELMONT VILLAGE IL 100% IL Studio $ 17,913.00 $ 7,165.00 Up to $2,400 WESTWOOD AL IL One Bedroom $ 25,088.00 $ 10,035.00 per month 10475 Wilshire Blvd. MC AL Studio $ 18,738.00 $ 7,495.00 Los Angeles, CA 90024 AL One Bedroom $ 25,088.00 $ 10,035.00 AL Two Bedroom $ 38,312.00 $ 15,325.00

WATERMARK BEVERLY AL 100% AL Studio $ 10,000.00 $ 6,800.00 Up to $3,000 HILLS AL One Bedroom $ 10,000.00 $ 7,200.00 - $12,500.00 per month 220 N. Clark Dr. Los Angeles, CA 90211 12 LOCAL GENERAL ACUTE HOSPITALS

PROVIDENCE TARZANA MEDICAL CENTER Providence Tarzana Medical Center is a 249-bed hospital is known in the area as a leading source for quality care, delivering babies, providing Emergency life-saving care and performing the surgeries and other procedures to improve our patients’ health. Providence Tarzana has received numerous awards from leading national healthcare quality rating organizations. The healthcare services available to the community include Cardiology, Vascular, Orthopedics, Oncology, Women’s, Pediatrics, Neonatal, Diabetes, Wound and Emergency Care.

KAISER PERMANENTE HOSPITAL – WOODLAND HILLS Kaiser Permanente is one of the nation’s largest not-for-profit health plans, serving 117 million members. It comprises of Kaiser Foundation Hospitals and its subsidiaries. Kaiser Foundation Health Plan, Inc. and The Permanente Medical Groups. Kaiser Permanente provides care for its members, continuously developing and refining medical practices to help ensure that care is delivered in the most efficient and effective manner possible.

WEST HILLS HOSPITAL AND MEDICAL CENTER West Hills Hospital & Medical Center has many services, including Orthopedic Surgery, Gastrointestinal Care and Critical which are highly-ranked on a national scale. They were also ranked among the top 10% in the nation for Women’s Health and provide services for women and newborn infants including their Women’s Diagnostic Center and Level II Neonatal Intensive Care Unit. Additionally, West Hills is home to the renowned Grossman Burn Center.

NORTHRIDGE HOSPITAL MEDICAL CENTER Northridge Hospital Medical Center is owned by Dignity Health. They are a 409-bed not-for-profit hospital and have earned the Gold Seal of Approval from The Joint Commission. Northridge Hospital is ranked as one of America’s 100 Best Hospitals in the United States by Healthgrades—a national healthcare ratings organization.

VALLEY PRESBYTERIAN HOSPITAL Valley Presbyterian Hospital is a 350-bed hospital with access to a wide range of medical expertise and leading-edge technology across all elements of care. 13

21300 OXNARD ST WOODLAND HILLS, CA 91367

OXNARD ST

CANOGA AVE 14 DEMOGRAPHICS

1 MILE 3 MILES 5 MILES

40-65 2017 Population 40-65 7,476 (30.4%) 64,259 (33.1%) 134,121 (33.4%)

65+ 2017 Population 65+ 3,367 (13.5%) 29,046 (15.0%) 62,225 (15.6%)

2017 Average HH Income $ 106,661.00 $ 109,019.00 $ 106,629.00

2022 Average HH Income $ 122,403.00 $ 122,951.00 $ 119,917.00

2017 Average Home Value $ 539,058.00 $ 630,379.00 $ 644,940.00

2022 Average Home Value $ 623,114.00 $ 720,142.00 $ 730,929.00

2017 Householder Age 45-64 3,604 27,230 31,733 45-64

2017 Householder Age 65+ 2,260 15,837 34,497 65+

2022 Householder Age 45-64 3,780 26,744 55,283 45-64

2022 Householder Age 65+ 2,549 1,561 38,325 65+ 15

SHOPPING, DINING & ENTERTAINMENT

THE VILLAGE AT WESTFIELD WESTFIELD TOPANGA WESTFIELD PROMENADE

Westfield Topanga, The Village Restaurant features at the Westfield Eureka! Gourmet Burgers & Craft and Promenade are located within locations include Il Fornaio, Islands Beer, EMC Seafood & Raw Bar, Corner convenient walking distance of the Restaurant, Larsen’s Steakhouse, Sushi Bakery Café and Chipotle. property. With 1.6 million square feet Katsu-ya, Ruth’s Chris Steakhouse, of retail and over 270 stores at The California Pizza Kitchen, CAVA, Other shopping , Westfield Topanga, 550,000 square Wokcano, Neiman Marcus Café, P.F. dining and entertainment destinations feet at the adjacent The Village at Chang’s China Bistro, Red Robin include The Commons at Calabasas, Westfield and 615,000 square feet at Gourmet Burgers, XOC Tequila Grill, The in Glendale, the Promenade, the shopping centers Veggie Grill, The Cheesecake Factory, Universal City Walk and the Northridge offer many retailers including Crate & Tender Greens, Sweetfin Poke, Fashion Center. Barrel, Costco, REI, Neiman Marcus, Pieology Pizzeria, Le Pain Quotidien, Apple, Nordstrom’s, Talbots, Jonathan Lucille’s Smokehouse Bar-b-que, JOEY Adler, Gucci, Cartier, Louis Vuitton, Kitchen, Jimmy’s Famous American Tiffany & Co. and many others. Tavern, Gyu-Kaku Japanese Cuisine, 21300 OXNARD ST WOODLAND HILLS, CA 91367

FOR MORE INFORMATION, PLEASE CONTACT: BRYAN LEWITT CHRIS ISOLA Senior Vice President First Vice President CBRE Southern California Healthcare Services Group 213 613 3201 213 613 3204 [email protected] [email protected] Lic. 01012328 Lic. 01454942

© 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related CBRE, INC companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Broker Lic. 00409987 Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.