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 Tollway Centre

Granite Office Park Legacy Town Major Employers North Tollway Center

Major Employers

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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

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Rendon Crowley Rd 1187 Mansfield Rendon B d loodworth R Godley ISD Burleson ISD Scurry-Rosser ISD Crowley P 34 lov Tangle Ridge 1187 er Rd Burleson Golf Course Glenn 1187 Mansfield National Heights Ferris ISD Southern Oaks Golf Club Ferris Golf Club Ovilla For More Information, Please Contact: JEFF PRICE BILL SIMMONS ALISAN RUTLAND Managing Director Senior Vice President Associate [email protected] [email protected] [email protected] 214 438 6401 214 438 6352 214 438 6434

For Financing Information, Please Contact: Dustin Dulin Mark Brandenburg Curtis Jaggars Executive Vice President Executive Vice President Executive Vice President [email protected] [email protected] [email protected] 214 438 6393 214 438 6481 214 438 6547

8343 Douglas Avenue Dallas, TX 75225 www.jll.com/dallas