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An exceptional opportunity to acquire 5 brand-new purpose-built rental apartment buildings comprising of 318 residential suites across 4 prominent coastal communities on Island

NATIONALAPARTMENTGROUPBC.CA WESTURBAN.CA THE OPPORTUNITY 2036 S On behalf of the Vendor, WestUrban Developments Ltd., the CBRE National Apartment Group – BC is pleased to present the opportunity to acquire 100% interest in the Apartment Portfolio, a premier, multi-family rental apartment portfolio comprised of 5 new purpose-built rental buildings strategically located in the 4 prominent coastal communities of Duncan, , Parksville and Campbell River on Vancouver Island. With a total of 318 suites and 4,122 SF of commercial space, this is a truly unique opportunity to invest in ’s most stable asset class and achieve immediate scale and operational efficiencies in the Vancouver Island Rental Housing Market. Two of the properties were completed in the second half of 2019 and one in early 2020 and are currently 100% occupied, all with assumable high-levered CMHC-insured debt in-place. Two of the buildings are still Campbell under construction and are scheduled for occupancy November 2020 providing investors time to source 2338 S Island Highway River debt and providing flexibility should an investor wish to take over lease up or allow WestUrban’s property management division to manage lease up. Each building has been completed to condo-quality standards and represents a premiere rental product in 155 Moilliet Street rapidly growing regions. The buildings are strategically located in their respective municipalities and are in excellent proximity to a host of tenant friendly amenities, many within walking distance of the properties. This offering provides an unprecedented opportunity to acquire brand new, best-in-class purpose-built Rental buildings in some of Vancouver Island’s fastest growing regions. INVESTMENT HIGHLIGHTS Desirable Scale: WestUrban’s Vancouver Island Apartment Portfolio comprised of 318 units represents 5085 Uplands Drive a singular opportunity for an Investor to acquire immediate scale in the Vancouver Island rental housing market. Operational Efficiencies: The 5 building’s proximity to one another provide investors the opportunity to take advantage of operational and management efficiencies. Investment Diversification: With 5 buildings located in 4 municipalities, the offering provides an excellent opportunity for investors to diversify their investment across some of Vancouver Island’s fastest growing regions. Parksville 1 HR & 40 MINS Best-in-Class: Built by an experienced developer and finished to condo-quality standards, the offering Nanaimo provides investors an opportunity to acquire premium rental buildings that are extremely well-located and with minimal competition in their respective municipalities. 2 HOURS Positive Market Fundamentals: Vancouver Island supports positive market fundamentals for rental housing with economic diversity and positive population growth compressing vacancy rates across its regional districts.

4114 Crosland Place PORTFOLIO LOCATION Duncan 1 HR & 35 MINS Vancouver Island combines the natural beauty of both mountain and marine settings and offers an inviting blend of rural and urban opportunities across numerous coastal communities, many of which offer the welcoming small-town vibe while still benefiting from big city amenities. The properties are situated along the eastern coast of Vancouver Island in the coastal communities of Campbell River, Parksville, Nanaimo and Duncan, and provide convenient access to the Capital City Victoria as well as Metro Vancouver via Ferry or air. Vancouver Island has a population of over 870,000 people (2019), is home to 5 of the fastest growing cities in the province (2019) and has a diverse economy of Tourism, Agriculture, Aquaculture, Forestry, Manufacturing, High Tech and Education.

ABOUT THE DEVELOPER

WestUrban is an established commercial developer with over 20 years of experience specializing in condo quality purpose-built rental projects throughout British Columbia. WestUrban is led by a team of professionals with experience building over 7,000 apartment units, large scale commercial developments and over 500 single family homes across Western Canada. WestUrban’s commitment to quality, attention to detail, site selection and proactive management are reflected in the quality of the rental Assets they build benefiting an incoming purchaser. THE ARBUTUS BUILDING DETAILS

Completed in 2019, The Arbutus Apartments is a 5-storey 59-suite ADDRESS rental apartment building with a stunning contemporary west coast 5085 Uplands Drive, Nanaimo, BC vibe, featuring modern and bright spacious suites and boasting great views from many of the top floor suites. Located in desirable north PID Nanaimo, the Arbutus Apartments offers tenants excellent proximity 026-410-443 to Woodgrove Centre and a host of tenant-friendly amenities, many of which are within walking distance. YEAR BUILT 2019 LOCATION HIGHLIGHTS OCCUPANCY Centrally located on Vancouver Island, The City of Nanaimo is quickly 100% becoming one of Canada’s most dynamic and diverse communities and has recently become the regional service center for both the central SITE AREA and northern regions of Vancouver Island. Nanaimo is the fifth fastest 39,640 SF* growing urban centre in British Columbia and is the second largest *approximate & subject to verification urban centre with approximately 61% of the island population residing in Nanaimo. Furthermore, Nanaimo businesses service approximately SUITE MIX 392,000 in the immediate region. Bachelor 3 One-bed 29 Nanaimo is home to Vancouver Island University (VIU), located less than One-bed + Den 3 15 minutes from the Arbutus Apartments, which has experienced rapid Two-bed 24 growth in the last few years and recently invested (2019) $60 Million Total Suites 59 in three major infrastructure projects which is expected to attract new jobs to the area and increased the capacity for students. AVERAGE RENT PER SF The federal government has announced it will commit $46.2 Million $2.16/SF towards the $90 Million expansion to the Port of Nanaimo’s Duke Point terminal which will improve access to key global markets and promote AVERAGE SUITE SIZE long term prosperity in the region. 737 SF NET RENTABLE AREA TRANSPORTATION & LOCAL AMENITIES 43,505 SF SF *approximate & subject to verification The Arbutus is located just a 20 minute drive from (YCD), and only 15 minutes from Air PARKING (Seaplane). 53 underground & 10 surface Ferry Terminal in Nanaimo can be reached by NET OPERATING INCOME car in just 12 minutes, connecting Vancouver Island to Metro $856,860 Vancouver in just 1 hour & 40 minutes. Nearby amenities include: Quality Food Grocery, Cactus Club Cafe, local shops & services, Superstore, Costco, and BUILDING & SUITE FEATURES Woodgrove Shopping Centre (Vancouver Islands Largest Mall). • Secured underground parking; Vancouver Island University is just a 15 minute drive or 30 Woodgrove Shopping Centre • Equipped with an elevator; 150+ Shops & Services minute bus ride from the Arbutus. • Strategically located storage units on each floor; Vancouver Island Regional Library • Stylish granite countertops in the kitchens and bathrooms; NANAIMO DEMOGRAPHICS • Stainless steel appliances (fridge, glass cooktop, hood fan, and dishwasher); • High-gloss finish cabinetry in a light or dark theme; % • In-suite stackable washer & dryer MEDIAN ESTIMATED POP. CHANGE AGE POPULATION (2019) (2014 -2019) ISLAND HIGHWAY • Rich laminate flooring in kitchen & living areas; 45.6 110,247 6.0% • Luxury vinyl flooring in bathrooms & laundry room; • Spacious open floor plans, with select floor plans offering vaulted ceilings; • All suites feature a balcony or patio, some % UPLANDS DRIVE boasting beautiful ocean views; HOUSEHOLD CMHC VACANCY AVERAGE RENT Quality Foods • Pet-friendly building allowing 2 pets per suite; INCOME (2019) RATE (2019) (2019) $90,461 1.9% $1,042

*Source: CBRE Research via Sitewise THE MAGDALENA BUILDING DETAILS

Completed in 2019, The Magdalena is a 5-storey 64-suite rental ADDRESS apartment building located in Duncan, BC. The Property boasts a 4114 Crosland Place, Duncan, BC modern aesthetic with amazing views from many of the upper level (Formerly 6387 Green Road) suites. Located across from the Commons, tenants are PID walking distance from a host of amenities including Walmart, Best 009-768-904 Buy, Canadian Tire and Home Depot. Furthermore, tenants of the Magdalena have direct access to the multi-use Friendship Trail right YEAR BUILT outside their doorstep which quickly connects to Downtown Duncan. 2019 LOCATION HIGHLIGHTS OCCUPANCY Duncan is situated in the heart of the , Canada’s only 100% maritime zone with the warmest year-round SITE AREA temperatures in the country. The Cowichan Valley is surrounded by 68,389 SF* beautiful mountain ranges and some of the best agricultural land on *approximate & subject to verification the west coast, which has attracted hobby farmers and many organic crop growers. The area offers no shortage of wineries and local eateries SUITE MIX to appease locals and tourists alike. One-bed 34 Duncan is Cowichan Valley’s largest community and is known as the Two-bed 30 “City of Totems.” Duncan is well located on Vancouver Island, located roughly halfway between the Island’s major municipalities of Nanaimo Total Suites 64 and Victoria. AVERAGE RENT PER SF In 2019, Duncan was one of 3 Vancouver Island municipalities that $1.77/SF made the list of B.C.’s fastest growing municipalities, which saw an annual population increase of 3.7%. Additionally, with growing demand AVERAGE SUITE SIZE and more housing development being contemplated, the area will 740 SF also become home to a brand-new hospital slated for completion in 2024 which will be located just a few short blocks from the Magdalena NET RENTABLE AREA Apartments. 47,370 SF *approximate & subject to verification TRANSPORTATION & LOCAL AMENITIES PARKING The Magdalena is located just a 28 minute drive from 29 underground & 50 surface Nanaimo Airport (YCD), and just over an hour away from Victoria International Airport (YYJ). NET OPERATING INCOME $766,617 Departure Bay Ferry Terminal in Nanaimo can be reached by car in approximately 45 minutes, connecting Vancouver BUILDING & SUITE FEATURES Island to Metro Vancouver in just 1 hour & 40 minutes. • Secured underground parking with 4 electrical Nearby amenities include: Walmart, Bulk Barn, Home Depot, vehicle charging stations & motorcycle parking; Canadian Tire, Best Buy, and a number of restaurants and coffee shops. • Equipped with an elevator; ISLAND HIGHWAY • 16 Bicycle storage spaces available; WALMART • Stylish granite counter tops in the kitchens DUNCAN DEMOGRAPHICS and bathrooms; • Sleek black appliances (fridge, range, hood fan, and dishwasher); % • High-gloss finish white cabinetry MEDIAN ESTIMATED POP. CHANGE • In-suite stackable washer & dryer AGE POPULATION (2019) (2014 -2019) • Rich laminate flooring in kitchen & living areas; 48.3 45,880 4.4% • Luxury vinyl flooring in the bathroom & laundry; • Spacious open concept floor plans; • All suites feature a balcony or patio, some boasting beautiful mountain views; % • Pet-friendly building allowing 2 pets per suite; HOUSEHOLD CMHC VACANCY AVERAGE RENT INCOME (2019) RATE (2019) (2019) $87,960 0.9% $895

*Source: CBRE Research via Sitewise THE SANDSCAPES BUILDING DETAILS APARTMENTS Scheduled for occupancy in November 2020, the Sandscapes ADDRESS Apartments is Located in the quaint oceanside town of Parksville. This 155 Moilliet Street, Parksville, BC contemporary 4-storey 74-suite rental apartment building provides direct access to both Highway 19 and 19a and is just a stone’s throw PID from the beach and Parksville’s town center. 009-768-904

EXPECTED COMPLETION LOCATION HIGHLIGHTS October 2020 The City of Parksville is one of the fastest growing areas on Vancouver SITE AREA Island, with an active and diverse community of retirees, urban 65,229 SF* professionals, and young families. Boasting some of the largest sandy *approximate & subject to verification beaches, Parksville is a vibrant destination enjoyed by tourists and locals year-round. SUITE MIX In recent years, the area has expanded in an effort to enhance the local Bachelor 18 business climate. Some of these investments include: the Parksville One-bed 19 Conference and Community Centre, a 41,000 SF development that is One-bed + Den 12 the town centre for civic community & educational uses; The Qualicum Two-Bed 24 Beach Digital Media Studio. a co-working space for the digital workforce to collaborate, connect & grow technology from idea to market, in Two-Bed + Den 1 addition to a rapidly expanding industrial park and increasing housing Total Suites 74 development initiatives. Currently Under Construction AVERAGE RENT PER SF Additionally, the 2015 Parksville Economic Development Strategy has identified opportunities for future economic growth, some of which $1.98/SF include: high tech businesses, light industrial development, retail & service commercial development, Downtown Parksville development, AVERAGE SUITE SIZE retirement living, tourism recreation, and health & wellness. 771 SF NET RENTABLE AREA TRANSPORTATION & LOCAL AMENITIES 57,046 SF *approximate & subject to verification The Sandscapes Apartments is located just a 20 minute drive from Nanaimo Airport (YCD), and just 15 minutes from PARKING Nanaimo Harbour Air (Seaplane). *These two photos are from a different WestUrban building and are meant to represent what the suite finishes will look like upon completion. 16 underground stalls & 56 surface stalls Departure Bay Ferry Terminal in Nanaimo can be reached STABILIZED NET OPERATING INCOME by car in approximately 32 minutes, connecting Vancouver $1,025,407 Island to Metro Vancouver in just 1 hour & 40 minutes. Nearby amenities include: local restaurants, fashion boutiques BUILDING & SUITE FEATURES & grocery stores, and financial institutions including BMO, • Secured underground parking; RBC, and CIBC, The property is also just steps from the beach • Equipped with an elevator; and is well located among a number of hotels & resorts. • Strategically located storage units on each floor; • Stylish granite counter tops in the kitchens Paradise Mini Golf and bathrooms; PARKSVILLE DEMOGRAPHICS & Fun Park • Stainless steel appliances (fridge, glass cooktop, ISLAND HIGHWAY hood fan, and dishwasher); • High-gloss finish cabinetry in a light or dark theme; % • In-suite stackable washer & dryer MEDIAN ESTIMATED POP. CHANGE AGE POPULATION (2019) (2014 -2019) • Rich laminate flooring in kitchen & living areas; 62.8 6.1% • Luxury vinyl flooring in the bathroom & laundry 29,866 room The Sandscapes Townhomes • Spacious open floor plans, with select floor plans offering vaulted ceilings; % • All suites feature a balcony or patio, some HOUSEHOLD CMHC VACANCY AVERAGE RENT boasting beautiful ocean views; INCOME (2019) RATE (2019) (2019) • Pet-friendly building allowing 2 pets per suite.A $93,357 0.5% $930 pet-washing station is also available; *Source: CBRE Research via Sitewise THE WATERMARK BUILDING DETAILS

Completed in early 2020, the Watermark is a 4-storey 51-suite rental ADDRESS apartment building well-located in Campbell River’s highly desirable 2036 South Island Highway, Campbell River, BC Willow Point neighbourhood that includes 4,122 sq. ft. of fully leased ground floor commercial space. Located directly across the street from PID the ocean, the Property boasts amazing ocean views and is situated 000-063-436 within walking distance to a number of tenant-friendly amenities including grocery store, liquor store and a number of boutique YEAR BUILT businesses. Tenants of the Watermark also enjoy the beautiful Frank 2020 James Park across the street and the well-known Seawalk trail which OCCUPANCY follows the coastline for several kilometers to downtown Campbell River. 100% LOCATION HIGHLIGHTS SITE AREA 39,204 SF* Centrally located on the scenic eastern shoreline of Vancouver Island, *approximate & subject to verification Campbell River has become one of the most desirable and affordable communities on Vancouver Island. With a population of just over COMMERCIAL SPACE 39,000 people, Campbell River is the second largest city on Vancouver 4,122 SF* Fully Leased to WestUrban Developments Ltd. Island outside of Metro Victoria and is considered the urban service SUITE MIX centre and hub community for approximately 60,000 who live and/ Bachelor 5 or work in the region. Having experienced a 5.9% population increase between 2014-2019, more young professionals have moved to the One-bed 21 area due to its growing tech and creative sectors and its balanced Two-Bed 25 lifestyle advantages. Total Suites 51 Campbell River’s economy was originally established by resource- AVERAGE RENT PER SF based industries, specifically mining, fishing and logging. While these $1.93/SF sectors are still strong economic drivers, Tourism, technology and creative-based businesses have begun to play a large role in driving AVERAGE SUITE SIZE economic activity. Entrepreneurs and businesses enjoy access to 834 SF CRadvantage, the city-owned broadband network which provides enterprise-level internet. As the first city on Vancouver Island to offer a NET RENTABLE AREA municipally owned, open-access network of this kind, Campbell River is 42,557 SF now positioned as one of the key tech communities in Canada. *approximate & subject to verification WestUrban’s Watermark development in Campbell River, which was *These two photos are from a different WestUrban building and are meant to represent what the suite finishes will look like upon completion. PARKING completed January 2020, was well received and leased up quickly 51 underground (res.) & 32 surface stalls (comm.) reaching 100% occupancy in just 1 month. There is currently an 82-person waitlist of renters keen to move into either the Watermark NET OPERATING INCOME or Southpoint buildings. With this strong demand, lease up for the $832,584 Southpoint property is also expected to go quickly.

BUILDING & SUITE FEATURES TRANSPORTATION & LOCAL AMENITIES Discovery Foods • Secured underground parking; The Subject Property is is located just a 9 minute drive from • Equipped with an elevator; Campbell River Airport (YBL), and approx. 40 minutes from SoCal Restaurant • Strategically located storage units on each floor; Airport (YQQ). • Stylish granite counter tops in the kitchens Both Departure Bay and Duke Point Ferry Terminals in and bathrooms; Club Fitness Nanaimo can be reached by car in approximately 1 hour 45 • Stainless steel appliances (fridge, glass cooktop, minutes from Campbell River, Continued on the next page hood fan, and dishwasher); • High-gloss finish cabinetry in a light or dark ISLAND HIGHWAY theme; CAMPBELL RIVER DEMOGRAPHICS • In-suite stackable washer & dryer • Rich laminate flooring in kitchen & living areas; • Luxury vinyl flooring in bathrooms & laundry room; % • Spacious open concept floor plans, MEDIAN ESTIMATED POP. CHANGE • All suites feature a balcony or patio, some AGE POPULATION (2019) (2014 -2019) boasting beautiful ocean views; 48.0 39,198 5.9% • Pet-friendly building allowing 2 pets per suite; THE SOUTHPOINT BUILDING DETAILS

ADDRESS Scheduled for occupancy November 2020, the Southpoint is a 2338 South Island Highway, Campbell River, BC 5-storey 70-suite rental apartment building well-located in Campbell Rivers highly desirable Willow Point neighbourhood. Located directly PID across the street from the ocean, the Property boasts amazing ocean 006-004-750 views from the majority of the suites. The Southpoint Apartments is situated within walking distance to a number of tenant-friendly EXPECTED COMPLETION amenities including grocery store, liquor store and a number of October 2020 boutique businesses, some of which are just across the street. Tenants of the Southpoint Apartments also enjoy access to the SITE AREA beautiful oceanfront Frank James Park and the well-known Seawalk 52,741 SF trail which follows the coastline for several kilometers to downtown *approximate & subject to verification Campbell River. SUITE MIX LOCATION HIGHLIGHTS CONTINUED Bachelor 11 One-bed 21 With affordable housing being a major concern to those who live and Two-bed 29 work in British Columbia’s urban centers, Campbell River has earned itself the reputation of being an affordable seaside community, with Three-bed 9 approximately 78% of its population spending less than 30% of Total Suites 70 their income on housing. The Average sale price for a single-family home is approximately $508,200, and approximately $341,400 for AVERAGE RENT PER SF a townhouse. Over half of recent home buyers in Campbell River are Currently Under Construction $2.13/SF new to the community, many enjoying the attractiveness of the area and the affordability. AVERAGE SUITE SIZE 805 SF The residential market in Campbell River shows steady growth and gradual increases in pricing, including the condo and townhouse NET RENTABLE AREA markets, with new builds across the community consistently adding 56,354 SF to the housing inventory. In Q1 2020 alone, there were approximately *approximate & subject to verification 191 housing starts, 276 are currently under construction (218 of which are apartment units), and 115 housing completions which PARKING includes a combination of single-family homes, semi-detached, row 36 underground stalls & 55 surface stalls homes, and apartment units. *These two photos are from a different WestUrban building and are meant to represent what the suite finishes will look like upon completion.

STABILIZED NET OPERATING INCOME Source: CMHC Starts & Completions Survey. $1,108,524 TRANSPORTATION & LOCAL AMENITIES BUILDING & SUITE FEATURES Nearby amenities include: Discovery Foods Grocery, Panago • Secured underground parking; Pizza, local restaurants, cafes, services, a fitness center, and • Equipped with an elevator; the Campbell River Sportsplex. • Amenities include a shared outdoor patio space Both properties are just a 9 minute drive from the North & a fully equipped gym on the first floor; Island Hospital, a state-of-the-art facility built in 2017 which Discovery Foods • Sophisticated quartz counter tops in the offers an array of health services. Grocery kitchens and bathrooms; SoCal Restaurant • Stainless steel appliances (fridge, range, hood fan, and dishwasher); CAMPBELL RIVER DEMOGRAPHICS • High-gloss finish cabinetry • In-suite stackable washer & dryer • Rich laminate flooring in kitchen & living areas; % • Luxury vinyl flooring in bathrooms & laundry room; HOUSEHOLD CMHC VACANCY AVERAGE RENT • Spacious open concept floor plans; INCOME (2019) RATE (2019) (2019) • All suites feature a balcony or patio, some $93,490 0.4% $1,013 boasting beautiful ocean views; • Suites feature air conditioning; *Source: CBRE Research via Sitewise • Pet-friendly building allowing 2 pets per suite. A pet-washing station is also available; THE OFFERING PROCESS WESTURBAN DEVELOPMENTS LTD. VANCOUVER ISLAND PORTFOLIO: INDIVIDUAL PROPERTY OVERVIEW Investors with further interest will be provided with a Confidentiality Agreement by CBRE. Upon executing a Confidentiality Agreement, Investors will be provided with a Confidential Offering Memorandum (the “COM”) and access to a Dataroom prepared ARBUTUS MAGDALENA SANDSCAPES WATERMARK SOUTHPOINT by CBRE based upon more detailed information related to the various locational, physical and financial characteristics of the APARTMENTS PORTFOLIO Properties to aid an Investor in determining whether or not it will proceed with further investigations of the Portfolio or any of the 5085 Uplands Dr 4114 Crosland Pl 155 Moilliet St 2036 S Island Hwy 2338 S Island Hwy TOTAL properties individually. Nanaimo, BC Duncan, BC Parksville, BC Campbell River, BC Campbell River, BC

Targeted Targeted CBRE Limited will present offers to the Vendor as they are received after an initial marketing period. Prospective purchasers 100% 100% 100% STATUS Completion: Completion: are invited to submit offers to CBRE in the form of a Letter of Intent (LOI) on our standard form of LOI which will be provided to Occupancy Occupancy Occupancy prospective purchasers by CBRE. Offers will be considered in the following ways: Nov. 2020 Oct. 2020 Units 59 64 74 51 70 318 1. Portfolio Offer: Offer for the 5 property Portfolio, with pricing provided for each individual property. 2. Sub-Portfolio Offer: Offer for 2-4 of the properties, with pricing provided for each individual property. Avg. Unit Size 737 SF 740 SF 771 SF 834 SF 805 SF 776 SF 3. Individual Asset Offer: Offer for one property within the Portfolio. Net Rentable Area 43,505 SF 47,370 SF 57,046 SF 42,557 SF 56,354 SF 246,832 SF (Residential) Net Rentable Area 0 SF 0 SF 0 SF 4,122 SF 0 SF 4,122 SF (Commercial) Achieved/Projected $2.16 $1.77 $1.98 $1.93 $2.13 $2.00 Blended Rental Rate ($/SF) Unit Mix

Studio 3 0 18 5 11 37

1-bed 29 34 19 21 21 124

1-bed + den 3 0 12 0 0 15

2-bed 24 30 24 25 29 132

2-bed + den 0 0 1 0 0 1

3-bed 0 0 0 0 9 9

CMHC 1st CMHC 1st Financing - CMHC 1st Mortgage - - Mortgage Mortgage

Mortgage Balance* $14,027,634* $11,791,650* - $12,931,230* - - (Approx. as of July 2020)

Stabilized NOI $856,860 $766,617 $1,025,407 $832,584 $1,108,524 $4,589,991

List Price $18,350,000 $17,000,000 $20,350,000 $17,350,000 $21,850,000 $94,900,000

List Price (/door) $311,017 $265,625 $275,000 $316,684 $312,143 $298,428

Cap Rate 4.67% 4.51% 5.04% 4.80% 5.07% 4.84% (Based on Stabilized NOI)

*CMHC mortgages to be assumed.

WESTURBAN DEVELOPMENTS LTD. VANCOUVER ISLAND PORTFOLIO: PORTFOLIO SUMMARY

STABILIZED PORTFOLIO NOI $4,589,991

LIST PRICE $94,900,000

LIST PRICE ($/DOOR) $298,428

APPROX. CAP RATE (ENTIRE PORTFOLIO) 4.84% 5085 Uplands Drive, Nanaimo, BC 4114 Crosland Place, Duncan, BC

155 Moilliet Street, Parksville, BC BRITISH

COLUMBIA

2036 S Island Highway, Campbell River, BC 2338 S Island Highway, Campbell River, BC

LANCE COULSON GREG AMBROSE KEVIN MURRAY Personal Real Estate Corporation Senior Sales Associate Senior Sales Associate NATIONAL APARTMENT GROUP Executive Vice President National Apartment Group - BC National Apartment Group - BC B R I T I S H C O L U M B I A National Apartment Group - BC CBRE Limited, Capital Markets CBRE Limited, Capital Markets CBRE Limited, Capital Markets [email protected] [email protected] [email protected] LOCAL KNOWLEDGE. GLOBALLY CONNECTED. 604 662 5141 604 662 5178 604 662 5171 Follow us on social media: CBRE Limited | 1021 West Hastings Street | Suite 2500 | Vancouver, BC, V6E 0C3 | nationalapartmentgroupbc.ca

This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services [email protected]; DMTI Spatial, Environics Analytics, Microsoft Bing, Earth. Images: Southgranville.org