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Class a • 328 Units • Luxury Community • Plano, Texas Executive Summary

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Class a • 328 Units • Luxury Community • Plano, Texas Executive Summary Class A • 328 Units • Luxury Community • Plano, Texas Executive Summary JLL is pleased to present investors with the opportunity to acquire Century Legacy Village, a Class A luxury community located adjacent to the renowned Legacy Business Park in Plano, Texas. This 328-unit multifamily property provides an opportunity to increase effective rental rates through the continuation of a unit enhancement program in the heart of one of the fastest growing areas of the nation. Additionally, major relocations were recently announced bringing between 12,000 and 20,000 new jobs within minutes of the Property. Century Legacy Village’s location near top rated schools, major employment hubs, upscale shopping, fine dining destinations, entertainment venues, and outstanding medical facilities offers residents the ultimate living experience. 2 Executive Summary Benefiting from its location within Plano’s “Urban Core,” Century Legacy Village is strategically situated adjacent to Legacy Business Park, a 2,600 acre office park better known as the “Corporate Epicenter” of North Texas. Not only is Legacy home to multiple Fortune 1000 companies, announcements have been recently made by Toyota, FedEx, and Liberty Mutual to move to the area. These organizations combined with many shadow tenants who are expected to also announce relocations soon, will bring over 12,200 jobs to the immediate area. The “Urban Core” of Plano is supported by approximately 13 million square feet of Class A office developments. Over 179,000 employees work within a five mile radius of Century Legacy Village. In addition, over 600,000 square feet of high-quality retail is located within Legacy Town Center, providing the “Urban Core” with a true “Live, Work, Play” atmosphere. Adding to the employment and entertainment benefits of this dynamic development, Century Legacy Village also benefits from being within the #1 rated Plano Independent School District. Number of Units: 328 Price: TBD Year Built: 1999 Terms: All Cash Avg. Unit Size: 1,034 SF Occupancy: 92% as of 04/27/2015 Address: 5301 W. Spring Creek Pkwy Avg. Market Rent/Unit: $1,158 Plano, TX 75024 Avg. Market Rent/SF: $1.12 Avg. Eff. Rent/Unit: $1,119 Avg. Eff. Rent/SF: $1.08 3 Frisco’s $5B Mile Hall Office Major Employers Park Stonebriar Sam Rayburn Tollway Centre Granite Office Legacy West Park Legacy Town Major Employers Dallas North Tollway Center Major Employers y a w k r a P k e e r C g n i r p S . W NN Windcrest Pkwy. Executive Summary Strategic Location: Century Legacy Village benefits from its advantageous location within Plano’s “Urban Core,” also known as the Greater Legacy Area. The Property is in close proximity to one of North Texas’ premiere urban destinations, Legacy Town Center, with countless shopping, dining, and entertainment options. Notable tenants include: • The Angelika Theatre • Mi Cocina • Bachendorf’s • The Capital Grille • Bob’s Steak & Chop House • Seasons 52 • Blue Martini • Urban Outfitters • Jasper’s Proximity to Major Corporate Employers: Legacy Business Park alone is home to over 20 notable employers having a total current workforce of over 55,000 people with at least another 12,200 jobs on the way. Century Legacy Village is within minutes of this major employment hub and is poised to benefit from increasing multifamily demand in the area. Value Enhancement Opportunity: The Property presents new ownership with an opportunity to boost effective rental rates through the continuation of a unit enhancement program as well as the implementation of a more in depth unit upgrade program. Please see the Financial Analysis section for details on the unit enhancement program. 5 Executive Summary Additional Revenue Opportunities: In addition to the unit enhancement opportunities, additional sources of revenue can be generated by the following: • Addition of Washer/Dryer Sets: Currently, the Property owns and leases 47 washer/dryer sets for an additional $40 per month. The 2015-16 Proforma adds an additional 117 sets (50% of the Property) for an additional $40 per month. Exceptionally Strong Demographics: The area surrounding Century Legacy Village boasts very strong demographics with median home values of approximately $633,000 and average household income of over $134,000 within a 1 mile radius of the Property. High Visibility Location: The Property is ideally positioned prominently at the corner of Spring Creek Parkway and Windcrest Drive near the entrance of Legacy Business Park where approximately 30,000 cars pass by daily providing a steady stream of leasing traffic. Quality Schools: Residents of Century Legacy Village benefit from being a part of the Plano Independent School District, one of the most recognized and highly desired school districts in DFW. Known for its “exemplary” rating, high teaching standards, and well above-average testing scores, this school district is highly sought after by residents. The school district has a population of approximately 55,000 students, 23 National Blue Ribbon schools, and has been awarded the “Superior Achievement” Award in the state’s FIRST program for eight consecutive years. High Quality Low Density Development: Originally built by Madison Residential Group, Century Legacy Village is an institutional quality two- and three-story development. The spacious units and large number of garages, coupled with a density of 13 units per acre create an inviting atmosphere for the Property. Plano Ranked “Best of the Best Neighborhoods”: Strong schools, low crime, impressive parks, and unlimited access to recreational amenities, were the key to Plano’s success according to the May 2014 issue of The Dallas Morning News, as it ranked Plano #1 throughout the whole Metroplex. • Not only did Plano rank #1 in the “Best of the Best Neighborhoods,” Plano schools also ranked #1 in the same survey for their upper level education and advanced academics. • Adding to the accolades of this amazing city, Plano also ranked #4 in finalists for the National Recreation and Park Associations National Gold Medal Award honoring the top four parks and recreation agencies in the nation. 6 Blue Ridge ISD 1385 380 Krum ISD Aubrey ISD 5 d R 35 380 sity Dr n Univer to Providence s Oak Hollow re Golf Course University Dr P 380 Paloma S Prosper ISD Cross Savannah Prosper Lincoln Creek University Dr Roads Park University Dr 380 Bland ISD t S d Paloma l New a 288 n Hope Creek o D South c M N Univer sity WestRidge Stonebridge Ranch Dr Farmersville ISD Ponder ISD Golf Course Country Club McKinney McKinney ISD Golden Denton ISD Triangle Princeton 720 Stonebridge Ranch t Mall Eldorado S Country Club d Denton Country Club l Decatur ISD Little 289 a n o Lowry Prince Elm D ton The Timberlinks Oak c Dr Eldorado Pkwy M Crossing Ponder at Denton wy S Point Pk Eldorado 380 Farmersville TX Woman's 720 The Trails of Frisco The Golf Club University at McKinney Audie Murphy Pkwy Golf Course Shady Golf Club The $5 Billion Mile Frisco ISD Leatherwood Ranch Shores y Princeton ISD w Golf Course k The Star Frisco Station The Gate Wade Park P E Eldorado Pkwy Frisco o 546 d a 3537 156 r 720 81 o d Oakmont l Little Elm ISD Hackberry E 982 Country Club W Denton Lake Dallas ISD 423 91 Acres 242 Acres 41 Acres 175 Acres Fairview Heritage Ranch Golf & Frisco 2MM SF Office 4MM SF Office 800,000 SF OfficeTPC 6MM SF Office Allen Outlet Country Club Corinth Da $1 Billion $1.7 Billion $700 Million $2 Billion Country Club er Rd llas Square at Craig Ranch Mall The Village ish N w Lakewood The Golf Club or at Fairview Wildhorse S th at Frisco Lakes T Golf Club of Village o l l Robson Ranch Grand Park w The Villages a DISH y at Allen Lovejoy ISD Lake Allen ISD Plantation Resort Dallas The Wade Golf Course Gate Park 78 Frisco Centennial New The Tribute Ridgeview Ranch Hickory Golf Club Station Medical Center Fairview Golf Club The Golf Club 35W Creek The Star at Twin Creeks Allen Argyle Hall Stonebriar d 121 R 35E Granite Office Park Tenants Office Mall r e Boyd ISD Lake Lewisville Park t Lucas Hall Office Park Tenants us Corral Argyle ISD C City Lantana Copper The Stonebriar Lavon Country Club Lantana Canyon 249 Colony Lake Highland Legacy West Golf Club Stewart Peninsula Justin Village Northwest ISD Golf Course Legacy Tenants 75 377 Chase Oaks Bartonville 121 Legacy Town Golf Club Northlake Center Josephine Rhome Lake Park Parker Community ISD Golf Course Allen Area Legacy West Tenants Tenants 114 Double Tour 18 1171 Golf Course Oak Nevada Hebron Plano Aurora St. 6 Cross Timbers Rd St 121 544 Paul ain Bridlewood M The Prestonwood Golf Course W Golf Club Country Club Lavon d R at Castle Hills Hills Course Plano ISD rs 289 be Lewisville Cross Tim Wylie ISD The Shops at Flower Lewisville ISD 78 114 Coyote Ridge Willow Bend Gleneagles 544 Wylie Mound Country Club Los Rios Golf Club Medical Center Country Club Preston of Plano International Park Village Pecan Hollow d City Line Development Murphy Business Park R Collin Creek Golf Course Roanoke r Tenants e t Mall s The Golf Club u 5 190 C at Champions Circle Tollway North Dallas President George Bush Tpke Grapevine L 121 Carrollton o Vista Ridge City Line Trophy Lake n g Mall Club P International Business ra 66 No ir d r i Park Tenants R Newark thw Trophy Club of Dallas e t The Practice Tee est Hw R i Canyon Creek y d Indian Creek o Golf Center 205 DENTON COUNTY idge B C Country Club ta R lvd Golf Course WISE COUNTY is Hank Haney COLLIN COUNTY V Golf Ranch orge Bush Hwy Royse ident Ge 249 at Vista Ridge Pres Bent Tree Preston Trail Sherrill Park Golf Club DALLASWoodbridge
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