Court Ordered Sale

Court Ordered Sale Dorchester Ranch Resort RV/ Modular Home Lot Subdivision Lands 454029 Range Road 11, County of Wetaskiwin, Alberta DORCHESTER LANDS | County of Wetaskiwin, Alberta

Property Overview

DORCHESTER LANDS THE OPPORTUNITY JLL Capital Markets, Alberta (“JLL”) has been retained on an exclusive basis by the 454029 Range Road 11, Address County of Wetaskiwin, Alberta Courts, (“the Vendor”) to arrange for the Court ordered sale of 454029 Range Road 11, County of Wetaskiwin, Alberta (the “Property”). Phase I: Lots 19-21, 28, 32-33, 36-38, 44; Block 1; Plan 142 4259; Lots 11, 35; Block 2; Plan 142 4259; The Property is being offered with an asking price of $3,500,000. Lots 1-3, 8, 13-15, 18-21, 24, 27-30; Block 4; Plan 142 4259; Legal Lots 1-19; Block 5; Plan 142 4259; No offer, regardless of form or content, will create any binding legal obligation upon Description Lots 1-20, 22, 26-37; Block 6; Plan 142 4259; the Vendor or the Advisor until fully executed by the Vendor and Purchaser. Please Lot 2, Block 7; Plan 142 4259. contact JLL for more information. Expressions of interest will be reviewed as received. Excess Land: Lot 2; Block 1; Plan 132 3700. Total of 82 Titles Current RRH-DRR: Recreational Resort Holdings District - Zoning Dorchester Ranch Resort (RV/Modular Home Zoning) PROPERTY SUMMARY: RV & MODULAR HOME SUBDIVISION Phase I individual sites, incl. Commercial Lot, • The Property is comprised of 80 ready-to-sell RV/modular home lots, Site Size 86.78 acres excess land, incl. Phase IV Ridge Lots. 1 ready-to-sell commercial lot, 8 conditionally approved residential lots, and additional excess land with an area structure plan in place for 304 more lots. • Environmentally rich “green” area with a great country feel overlooking the Battle River Valley, offering excellent hiking trails and wildlife watching. • The 18-hole Dorchester Golf Course winds through the Property providing exceptional vistas from the majority of lots, several of which back onto the course. • It benefits from the privacy of being off the beaten path, but the convenience of still having amenities nearby. Close proximity to a grocery store, pharmacy, restaurants, boutique shops, banks and more. • The charming Village of Pigeon Lake is only 6 km north with many businesses and services. • 8 km from public boat launch and gorgeous Ma-Me-O Beach on Pigeon Lake. • The Property currently includes a community picnic and play area.

LOCATION HIGHLIGHTS 2 Pigeon Lake 7 1 Lakedell Elementary School 5 The Village at Pigeon Lake

Crystal Springs Black Bull Golf Course 3 2 6 • Restaurant 3 Norris Beach 7 Ma-Me-O Beach • Library • Public beach access 4 4 Village Creek Country Inn 8 Dorchester Ranch 1 Hotel & Spa & Golf Course 5 Highway 13 6

• Grocery store • Pharmacy • Restaurants 8 Minutes • Hairdresser to Pigeon Lake • Boutique shops • Gas station • Car wash Range Road 11 (Black Bull Road) 10 Minutes to Ma-Me-O Beach

24 Minutes SUBDIVISION HIGHLIGHTS to Highway 2 • Full year service lots • Titled lots • Large size lots much like new city lots 39 Minutes to Wetaskiwin • Several lots back onto and have views of the golf course; ample trees 8 for privacy in additional Phases • No condo fees or home owners fees 45 Minutes DORCHESTER to Edmonton RANCH International Airport

Site Description

LOTS & PHASES Phase I • Total of 174 lots. 94 have already been sold. • Fully serviced (80 Lots Available) - ready to sell. • Commercial Lot (3.58 Acres) - ready to sell. Commercial SIte Phase II • Area structure plan approved. • Subject as residual excess land (188 Lots). Phase II Phase III • Area structure plan approved. Phase I • Subject as residual excess land (100 Lots). Phase IV • Conditionally approved as excess land, untitled (24 Ridge/Cabin Lots). • First 8 Ridge Lots partially serviced (±2.80 Acres). Approved by County.

Phase III NOTES: • More than twice the size of typical leased RV lots • 100 amp services where typical RV lots have 50 amp Phase IV • Available lots are full year serviced and titled - financing is available

FUNDS IN ESCROW (WETASKIWIN COUNTY) Assumed funds per Development Agreement will be released by the County for approved development costs.

Endeavour to assist from several landowners.

Adam Kilburn Samuel Dean Senior Vice President Senior Vice President + 1 780 328 2584 + 1 780 328 2560 [email protected] [email protected]

Keegan Bal Tyler Herder Associate Associate + 1 780 328 0061 + 1 780 328 2576 [email protected] [email protected]

Hayley Buskas Jordan Gwynne Associate Brokerage Assistant + 1 587 881 0163 + 1 780 328 2585 [email protected] [email protected]

Copyright @ Jones Lang LaSalle IP, Inc. 2020. This presentation has been prepared solely for informational purposes. The presentation is confidential and may not be reproduced. The contents of this presentation are not to be construed as legal, accounting, business or tax advice. The information contained herein is proprietary and confidential and may contain commercial or financial information, trade secrets and/or intellectual property of JLL and/or its affiliates. Although the information used in this presentation was taken from sources believed to be reliable, there is no representation, warranty or endorsement (expressed or implied) made as to the accuracy, reliability, adequacy or completeness of any information or analysis contained herein. JLL expressly disclaims any and all liability that may be based on such information, errors therein or omissions there from. Certain information in this presentation constitutes forward-looking statements. Due to various risks, uncertainties and assumptions made in our analysis, actual events or results or the actual performance of the types of financing and values covered by this presentation may differ materially from those described. The information herein reflects our current views only, are subject to change, and are not intended to be promissory or relied upon.