9044 35 9044 th Ave SW Ave

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SEATTLE

WEST FLATS Offering Memorandum EXCLUSIVELY LISTED BY

Matt Miller P: 206.566.6593 C: 949.606.3734 [email protected] TABLE of CONTENTS

Investment Overview

The information included in this document has been obtained from sources we believe to be reliable. While we do not doubt its Location accuracy, we have not verified it and cannot make any guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and may not accurately represent the current or Financials future performance of the property. The value of any proposed transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent Comparables investigation of the property to determine to your satisfaction the suitability of the property for your needs. © Pilot Ventures LLC.

Offer Guidelines INVESTMENT OVERVIEW A 9-unit asset in one of Seattle’s urban sanctuaries.

WEST SEATTLE FLATS | PILOT VENTURES | 5 Price $ 2,500,000

Units 9

Price Per Unit $ 277,778

Rentable SF 8,651

Price Per SF $ 289

Current Cap Rate 3.76 %

Market Cap Rate 5.63 %

Current GRM 15.3

Market GRM 12.2

Year Built 1981

Parcel Number 609440-0005

Land SF 7,200

Zoning NC2P-55 (M)

Construction Type Wood Framed

Plumbing Copper/PEX

Parking 4 Tuck Under, 8 Surface Laundry In-Unit Washer/Dryer $ Hot Water Individual H20 Tanks Heating Electric Baseboard 140,720 Roof Type Torchdown PROFORMA NOI Windows Dual Pane

WEST SEATTLE FLATS | PILOT VENTURES | 6 Interior Photos

WEST SEATTLE FLATS | PILOT VENTURES | 7 Interior Photos

WEST SEATTLE FLATS | PILOT VENTURES | 8 LOCATION OVERVIEW QUEEN ANNE

CAPITOL HILL

ELLIOTT BAY

LAKE DOWNTOWN WASHINGTON

WEST SEATTLE

BEACON HILL

PUGET SOUND

WEST SEATTLE FLATS | PILOT VENTURES | 10 Seattle is a bustling metropolis, ranked by and the . Out further, snowcapped the U.S. Census in the “Top 4 for Growth” for mountain ranges can be seen in every direction. five consecutive years. Since 2010, Seattle’s population has increased 18.7%, bringing Home to a diverse and robust community, Seattle an additional 114,412 residents to America’s is the cultural and business center of the Pacific Northwest. The thriving tech sector has pushed beloved Emerald City. Seattle has one of the up the wages, software engineers averaging tightest office markets in the country and is Information $132,000/year, as well as the cost of rent. far less expensive than markets like New York, San Francisco and Washington, DC. As a result Employment and population growth rates are of a dynamic workforce driven by the tech strong and stable, supported by the variety of sector, many tech tenants have set up shop in commerce and an ongoing demand for skilled the region which is having an impact on the workers. Companies expanding in the metro multifamily sector boom. include Indeed, Lyft, Uber, Tableau (acquired by Regional Salesforce), Oracle, Apple and Best Buy. Apple It’s no stretch to appreciate how the lush, announced in June 2019 that it will expand its green foliage and shimmering waters led a few Seattle workforce by 2,000 employees by 2022, up seattle to Seattle. Unparalleled beauty and access to from roughly 450 employees currently. Apple has the outdoors have helped attract some of the occupied space at Two Union Square in Seattle best companies in the country. To the east and CBD since 2015 and took all of the space at 333 west, the city is bordered by Lake Washington Dexter in Lake Union, enough room for

WEST SEATTLE FLATS | PILOT VENTURES | 11 more than 4,000 employees. In addition, with the highly anticipated relocation of Expedia in 2019 and the recent acquisition of Tableau by Salesforce 53,000 employees 4,500 employees 2,500 employees (Salesforce HQ2), Seattle continues to bring strong talent into the core which fuels the absorption of multifamily units. 2,000 employees 5,000 employees 2,000 employees

Seattle was ranked the second-best city for STEM workers by NerdWallet. The University of Washington, a highly ranked school with a variety 1,365 employees 1,250 employees 1,186 employees of nationally recognized programs, prepares top- tier students for roles at companies, such as the Fred Hutchinson Cancer Research Center, the Allen

Institute and various cutting-edge tech companies. 1,000 employees 1,000 employees 800 employees

Buzzing with new infrastructure, jobs and residents, Seattle’s ever-growing metropolis is considered home to many major employers who drive growth 800 employees 700 employees 525 employees and fuel the area’s economic climate including:

500 employees 320 employees 235 employees

WEST SEATTLE FLATS | PILOT VENTURES | 12 Pike Place Market

Pike Place public market, overlooking the waterfront, first opened in 1907. Pike Place remains Seattle’s most popular tourist desination and the 33rd most visited tourist attraction in the world, with over 10 million visitors annually.

Northgate

Seattle’s Northgate neighborhood’s dense mixed-use

Attractions development is expected to be completed by 2021. This transformative location, fueled in part by Seattle’s new NHL team headquarters, training facility, and community ice rinks, is adjacent to the new Northgate station. Local

West Seattle seattle Seattle’s eclectic West Seattle neighborhood is a quick drive or water taxi ride from downtown. It is home to an array of amenities including one of the city’s most popular outdoor recreation areas, Alki Beach.

WEST SEATTLE FLATS | PILOT VENTURES | 13 THAT’S OVER HALF THE % TOTAL POPULATION OF 3.9m 14.2 WASHINGTON STATE SEATTLE-TACOMA-BELLEVUE GROWTH SINCE 2010 MSA POPULATION

NEW RESIDENTS 60k ANNUALLY (AVG)

WEST SEATTLE FLATS | PILOT VENTURES | 14 EXPANDING TECH COMPANIES IN SEATTLE

Expedia’s new $900 million HQ on Seattle’s waterfront opened Google’s continued expansion in Seattle and Kirkland brings in fall 2019. The site will house 4,500 Seattle metropolitan area the total office space leased and owned to over 2 million square employees as the company shifts operations from their Eastside feet. Google currently has 4,500 employees in the region and its Bellevue location to . Approvals are in place to real estate portfolio gives the tech giant room for more than 10,000 continue future expansion to 8,000 employees at the campus. people. Google is one of more than 130 companies from around the globe that have set up engineering centers in the Seattle area. Expedia, which spun out of Microsoft in 1999, is one of the world’s largest online travel companies. The brand umbrella includes Google is a multinational technology company specializing in Expedia, Hotels.com, Egencia, and Expedia Partner Solutions. internet related services and products.

Facebook’s leasing velocity makes room for 23,700 new Apple’s expansion in Seattle at 333 Dexter includes two 12-story employees in the Seattle area, according to the 150 square feet office towers totaling 635,000 square feet, with room to house 4,200 per employee industry standard. Facebook’s recently signed lease employees. Seattle has become Apple’s hub for developing artificial includes 325,000 square feet in Block 6 of Bellevue’s Spring District. intelligence and machine learning technologies. Facebook currently employs 5,000 people across Downtown Seattle, Bellevue, and Redmond. The projected headcount will easily exceed The company designs, manufactures, and markets mobile Facebook’s Silicon Valley offices, at approximately 15,000. communication and media devices as well as personal computers, and sells a variety of related software, services, accessories, and Facebook allows people to stay connected and share and express third-party digital content and applications. Apple is the world’s what matters to them. Other products and services owned by largest technology company by revenue and became the first public Facebook include Instagram, WhatsApp, Oculus, and GrokStyle. U.S. company to be valued at over $1 trillion.

WEST SEATTLE FLATS | PILOT VENTURES | 15 AMAZON’S SEATTLE GROWTH IMPACT

Jobs: Amazon has created more than 53,000 jobs in Seattle since 2010 and 11,393 new job postings as of January 2020, with 30% of those in AWS, Amazon’s flagship cloud business.

Multifamily Demand: Amazon’s job growth has impacted neighborhoods surrounding South Lake Union, Bellevue, and the greater Puget Sound region.

SLU Campus SLU Evolving Skyline: Amazon’s growth, with 12 million square feet leased or owned, has shaped the skyline of Seattle and driven consistent demand in the multifamily sector. In addition, Amazon’s rapid expansion in Bellevue could reach 4.8 million square feet and power spectacular growth in the area’s suburbs.

AMAZON’S EMPLOYMENT TRENDS IN SEATTLE

60.0 K 53.0 K Amazon’s Amazon’s 50.0 K 45.0 K 40.0 K 40.0 K 38.0 K seattle 30.0 K 27.5 K 21.0 K 20.0 K 16.0 K 11.0 K 8.5 K 10.0 K 5.0 K

0.0 K 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

WEST SEATTLE FLATS | PILOT VENTURES | 16 WASHINGTON STATE IS HOME TO 11 COMPANIES ON THE 2019 FORTUNE 500 LIST

In total, Fortune 500 companies represent two-thirds of the U.S. GDP with $13.7 trillion in revenues, $1.1 trillion in profits, $22.6 trillion in market value, and employ 28.7 million people worldwide. 647,500 employees

Washington state and the Puget Sound region are home to an array of Fortune 500 companies covering a variety of industries, including:

131,000 employees 194,000 employees Internet Services and Retailing

Technology

291,000 employees 28,000 employees General Merchandisers

Food Services

74,000 employees 24,500 employees Construction & Farm Machinery

Airlines 23,376 employees 17,400 employees Transportation & Logistics

Forest & Paper Products 9,300 employees 24,000 employees Industrial Machinery

WEST SEATTLE FLATS | PILOT VENTURES | 17 South Lake Union

South Lake Union is the heart of Seattle’s tech hub, home to Amazon’s headquarters and a variety of cutting-edge technology and biotech companies including Juno Therapeutics, Allen Institute and Fred Hubs Hutchison Cancer Research

Seattle’s CBD is home to major finance, legal, government and insurance companies with a total of 35 million of inventory and 874,000 square feet of positive absorption in the office sector

Bustling core packed with entertainment, restaurants and artsy attractions

First Hill / Pill Hill Employment Home to major healthcare facilities including Harborview, Swedish, and Virginia Mason puget sound Seattle University, the largest independent university in the Northwest, with over 7,500 students enrolled

Tourist destination that provides a plethora of dining, shopping and entertainment opportunities

WEST SEATTLE FLATS | PILOT VENTURES | 18 Bellevue

The Eastside’s most sought after office submarket by tech companies including Amazon, Google and Facebook

Amazon has plans to add over 20,000 employees into this submarket by 2024

Downtown Bellevue has a current workforce of about 46,200 and is one of the top 100 most educated populations in the country

Redmond

World-renowned as the region’s hub for technological innovations

Home to Microsoft’s, SpaceX, Oculus (Facebook’s virtual reality headset division), and Nintendo of America

Microsoft expansion plans allow for up to 8,000 additional employees at its Redmond campus by 2023

Kirkland

Kirkland benefits from a high proportion of tech tenants including Google, Tableau, and GoDaddy

The downtown waterfront has an unparallel blend of public parks and beaches, fine dining, art galleries, and a performing arts center

WEST SEATTLE FLATS | PILOT VENTURES | 19 WEST SEATTLE FLATS | PILOT VENTURES | 20 WEST SEATTLE FLATS

9044 35th Ave SW, Seattle, WA 98126

The West Seattle Flats, ideally located in the Fauntleroy neighborhood of West Seattle, offer residents a desirable mix of suburban living and metropolitan amenities. Originally developed as a mixed-use condo building in 1981, the property is comprised of 8 spacious residential units situated above flexible commercial space.

Information The well-maintained property is well poised for growth in a rapidly changing and desirable submarket. West Seattle is considered one of the last urban sanctuaries in Seattle. While conveniently close to downtown, the neighborhood maintains its small town feel due to its location on the West Seattle Peninsula which stretches along the Puget Sound.

The spacious unit interiors feature comfortable amenities like fireplaces and balconies. The interiors have been tastefully updated. Recent improvements include in-unit washer/dryers, updated cabinets, laminate hardwood floors. Additionally, new hot water heaters were installed in 2018 and new energy efficient dual pane windows were installed throughout in recent years. The property consists of three 1-bed /1-bath units, five 2-bed / 1-bath units, 1,700 square feet of flexible commercial space, and an approx. 200 square foot storage area. The top floor units have vaulted ceilings and there are 12 off-street parking spaces in the back. Additionally, the 7,200 square foot parcel was recently Submarket Submarket upzoned to NC2P-55 (M), providing considerably more development potential.

The building offers residents convenient access to retail, easy access to the city, and plentiful outdoor recreation and entertainment options. The property was given a walk score of 81 which designates a ‘very walkable’ location. seattle Westwood Village with Target, QFC, 24 Hour Fitness, and many others major retailers is located just 5 blocks east. , with miles of beachfront trails and stunning views, sits less than a mile west of the apartments. Commuting is made easy with the C bus line within feet, fast access to Highway 99 and I5, and Downtown Seattle only a 15-minute drive away.

WEST SEATTLE FLATS | PILOT VENTURES | 21 PROPERTY HIGHLIGHTS

1981 Construction

Spacious floor plans

In-unit W/D

Units have hardwood floors and updated cabinets

Windows and hot water heaters replaced throughout

Units have balconies and fireplaces

4 tuck-under and 8 surface parking spaces

5 blocks to Westwood Village (Target, QFC, 24 Hour Fitness)

Nearby transit and 15 minute drive to CBD

Walk score 81 (very walkable)

Upzoned to NC2P-55 (M)

Ability to increase rents 24% to market on turnover

WEST SEATTLE FLATS | PILOT VENTURES | 22 FAUNTLEROY | West Seattle | 98126

1 C&P Coffee Company 10 Katsu Burger

2 New Luck Toy 11 Caffe Ladro 1 3 Pho Aroma 12 The Westy WEST SEATTLE

EAT + DRINK EAT 4 Northwest Wine Academy 13 Tin Dog Brewing 1 3 5 Fonda La Catrina 14 Loretta’s Northwesterner 5 2 4 6 Ciudad 15 Endolyne Joe’s 6 7 7 Lowercase Brewing 16 Zippy’s Giant Burgers

8 The Bridge 17 Crawfish House 8 2 9 9 Zeeks Pizza 18 Dubsea Coffee 1 10

11 1 West Seattle Thriftway 5 Westwood Village

2 Walgreens 6 Safeway

3 The Home Depot 7 McLendon Hardware 3 SHOPPING 4 QFC 8 Castillos Supermarket

12

1 24 Hour Fitness 5 Viha Aerial Yoga 3 2 InUrLane Fitness 6 Brace Point Pilates

3 Full Range Fitness 7 Innate Vitality Pilates WELNESS FAUNTLEROY 13 14 4 The Heart Center Yoga 8 Antares Wellness

1 7 5 4 6 15 8 1 West Seattle Golf Course

2 Fauntleroy Park 2 2 3 Glen Acres Golf & Country Club 6 2 16 4 Rainier Golf & Country Club 4 RECREATION 18 17 5

7

81 55 56 8 3 4 WALKSCORE.COM

WEST SEATTLE FLATS | PILOT VENTURES | 23 LOCAL ACCESS MAP

LAKE SEATTLE BELLEVUE SAMMAMISH LAKE 15 WASHINGTON 35 MINUTES MINUTES

MERCER ISLAND FACTORIA

30 32 MINUTES MINUTES

GEORGETOWN

10 MINUTES

PUGET SOUND

RENTON

TUKWILA 28 MINUTES 20 MINUTES

SEA-TAC

21 MINUTES

WEST SEATTLE FLATS | PILOT VENTURES | 24 FINANCIALS UNIT Type Approx SF Current Rent Current / SF Market Rent Market / SF

101 1 Bd / 1 Bth 605 $ 1,300 $ 2.15 $ 1,550 $ 2.56

102 2 Bd / 1 Bth 984 $ 1,400 $ 1.42 $ 1,950 $ 1.98

103 1 Bd / 1 Bth 821 $ 1,400 $ 1.71 $ 1,750 $ 2.13

201 2 Bd / 1 Bth 984 $ 1,650 $ 1.68 $ 1,950 $ 1.98

RENT ROLL 202 2 Bd / 1 Bth 984 $ 1,600 $ 1.63 $ 1,950 $ 1.98

203 1 Bd / 1 Bth 605 $ 1,325 $ 2.19 $ 1,550 $ 2.56

301 2 Bd / 1 Bth 984 $ 1,600 $ 1.63 $ 1,950 $ 1.98

302 2 Bd / 1 Bth 984 $ 1,600 $ 1.63 $ 1,950 $ 1.98

100 Office Commercial 1,700 $ 1,750 $ 1.03 $ 2,500 $ 1.47

8,651 $ 13,625 $ 1.67 $ 17,100 $ 1.98

* Unit square footages are estimated

WEST SEATTLE FLATS | PILOT VENTURES | 26 CURRENT PRO FORMA

Gross Potential Rent $ 163,500 $ 205,200

Vacancy $ (8,175) 5.00 % $ (10,260) 5.00 %

NET RENTAL INCOME $ 155,325 $ 194,940

OTHER INCOME

RUBS $ 0 $ 8,100

Misc $ 0 $ 600

Total Other Income $ 0 $ 8,700

EFFECTIVE GROSS INCOME $ 155,325 $ 203,640

EXPENSES

Property Taxes $ 21,019 $ 21,920

FINANCIAL ANALYSIS Insurance $ 5,500 $ 5,500

Utilities: W / S / G / E $ 13,800 $ 13,800

Maintenance & Repairs $ 6,300 $ 6,750

Resident Management $ 11,979 $ 11,200

Reserves $ 2,250 $ 2,250

Admin / Misc $ 500 $ 500

Landscaping $ 0 $ 1,000

Total Expenses $ 61,348 $ 6,816 / Unit $ 62,920 $ 6,991 / Unit

NET OPERATING INCOME $ 93,977 $ 140,720

WEST SEATTLE FLATS | PILOT VENTURES | 27 COMPARABLES SALES COMPARABLES

Property Address Building Name Units Price Sale Date Price/Unit Price/SF Cap Rate Year Built

1 6708 California Ave SW Morgan Junction 6 6 $ 2,000,000 9/25/19 $ 333,333 $ 310 4.10 % 2006

2 9043 35th Ave SW Rogene Apartments 13 $ 2,935,000 3/12/20 $ 225,769 $ 368 5.35 % 1959

3 5212 California Ave SW Sunset Manor 19 $ 5,150,000 12/17/19 $ 271,053 $ 362 4.44 % 1969

4 8857 Delridge Way SW Westbrook Apartments 17 $ 4,130,000 12/18/19 $ 242,941 $ 377 5.33 % 1962

5 6001 California Ave SW West Aires 8 $ 2,500,000 7/15/19 $ 312,500 $ 338 4.04 % 1953

AVERAGES $ 277,119 $ 351 4.65 %

1 2 3 4 5

WEST SEATTLE FLATS | PILOT VENTURES | 29 SALES COMPARABLES

1 MORGAN JUNCTION 6

6708 California Ave SW

WEST SEATTLE 3

2 ROGENE APARTMENTS

9043 35th Ave SW

5

3 SUNSET MANOR

5212 California Ave SW 1

4 WESTBROOK APARTMENTS PUGET SOUND 8857 Delridge Way SW

5 WEST AIRES

6001 California Ave SW

FAUNTLEROY 4 2

WEST SEATTLE FLATS | PILOT VENTURES | 30 SALES COMPARABLES

SUBJECT WEST SEATTLE FLATS 9044 35th Ave SW Sale Details Notes

Units 9 Sale Date TBD • (5) 2 bd / 2 bth units (984 SF) Net Rentable SF 8,651 List Price $ 2,500,000 • (3) 1 bd / 1 bth units (677 average SF) • Updated cabinets and laminate Year Built 1981 Price Per Unit $ 277,778 hardwood floors Laundry In-Unit Price Per SF $ 289 • In-unit W/D, balconies, and fireplaces Parking 9 Surface Stalls Cap Rate 3.86 % • 12 off street parking spaces

MORGAN JUNCTION 6 1 Sale Details Notes 6708 California Ave SW

Units 6 Sale Date 9/25/19 • 2 bd / 1 bth units (1,074 average SF) Net Rentable SF 6,443 List Price $ 2,000,000 • 2006 construction • Laminate counters, carpet, In-unit W/D Year Built 2006 Price Per Unit $ 333,333 Laundry In-Unit Price Per SF $ 310 Parking 6 Garage Spaces Cap Rate 4.10 %

2 ROGENE APARTMENTS Sale Details Notes 9043 35th Ave SW

Units 13 Sale Date 3/12/20 • 85% 1 bd / 1 bth units (613 average SF) Net Rentable SF 7,976 List Price $ 2,935,000 • Renovated kitchens and bathrooms • Income stabilized Year Built 1959 Price Per Unit $ 225,769 Laundry Common Price Per SF $ 368 Parking 10 Surface Stalls Cap Rate 5.35 %

WEST SEATTLE FLATS | PILOT VENTURES | 31 SALES COMPARABLES

SUNSET MANOR 3 Sale Details Notes 5212 California Ave SW

Units 19 Sale Date 12/17/19 • 90% 1 bd / 1 bth units (695 average SF) Net Rentable SF 14,240 List Price $ 5,150,000 • Mixed-use building - 2 commercial tenants (340 total SF) Year Built 1969 Price Per Unit $ 271,053 • Granite counters with original cabinets, Laundry Common Price Per SF $ 362 appliances, and carpet Parking 39 Surface Stalls Cap Rate 4.44 %

WESTBROOK APARTMENTS 4 Sale Details Notes 8857 Delridge Way SW

Units 17 Sale Date 12/18/19 • 76% 1 bd / 1 bth units (643 average SF) Net Rentable SF 10,944 List Price $ 4,130,000 • Laminate countertops • Stainless steel appliances & LVT flooring Year Built 1962 Price Per Unit $ 242,941 Laundry On-Site Price Per SF $ 377 Parking Carport & Surface Cap Rate 5.33 %

5 WEST AIRES Sale Details Notes 6001 California Ave SW

Units 8 Sale Date 7/15/19 • 2 bd and 3 bd floorplans Net Rentable SF 7,386 List Price $ 2,500,000 • Original unit interiors Year Built 1953 Price Per Unit $ 312,500 Laundry Common Price Per SF $ 338 Parking 5 Surface Stalls Cap Rate 4.04 %

WEST SEATTLE FLATS | PILOT VENTURES | 32 RENT COMPARABLES

Property Address Building Name Unit Type Unit SF Rent Rent /SF

1 7524 35th Ave SW Hill Crest 1 Bd / 1 Bth 500 $ 1,860 $ 3.72

2 2615 SW Barton St 2615 SW Barton St 1 Bd / 1 Bth 564 $ 1,595 $ 2.83

3 9020 35th Ave SW The Hurricane 1 Bd / 1 Bth 638 $ 1,595 $ 2.50

4 9051 20th Ave SW The Blue Stone 1 Bd / 1 Bth 748 $ 1,750 $ 2.34

AVERAGES 613 $ 1,700 $ 2.85

Property Address Building Name Unit Type Unit SF Rent Rent /SF

1 7524 35th Ave SW Hill Crest 2 Bd / 2 Bth 760 $ 2,257 $ 2.97

5 2200 SW Barton St Westwood Vista 2 Bd / 1 Bth 850 $ 1,875 $ 2.21

6 2201 SW Holden St Westhaven Apartments 2 Bd / 1 Bth 850 $ 1,995 $ 2.35

7 7901 Delridge Way SW Lighthouse Apartments 2 Bd / 1 Bth 954 $ 2,050 $ 2.15

AVERAGES 854 $ 2,044 $ 2.42

1 2 3 4 5 6 7

WEST SEATTLE FLATS | PILOT VENTURES | 33 RENT COMPARABLES

1 HILL CREST 7524 35th Ave SW

DELRIDGE 1 2 2615 SW BARTON ST

2615 SW Barton St 6

3 THE HURRICANE 7

9020 35th Ave SW

4 THE BLUE STONE

9051 20th Ave SW

5 WESTWOOD VISTA

2200 SW Barton St

6 WESTHAVEN APARTMENTS FAUNTLEROY

2201 SW Holden St 3

5 4 2 7 LIGHTHOUSE APARTMENTS

7901 Delridge Way SW

WEST SEATTLE FLATS | PILOT VENTURES | 34 OFFER GUIDELINES Pilot Ventures is pleased to announce

All questions and inquiries regarding tours and this opportunity should be addressed to the Pilot Ventures representatives listed herein. Pilot Ventures’ team will be available to assist prospective investors with questions upon their review of the offering. Investors will receive advanced notification of the bid deadline via email. Offers should include, at a minimum, the following:

• The purchase price, contingencies and closing date;

• The amount of earnest money deposit;

• The source of capital for down payment;

• A detailed timeline for the transaction;

• A brief overview of the Buyer’s qualifications.

WEST SEATTLE FLATS | PILOT VENTURES | 36 Brokerage Built upon trust and experience, Pilot Ventures was Whether you’re buying or selling, our experienced team founded by principals Casey Zejdlik and Jason Kono. of brokers will ensure you receive the best possible representation. Specializing in multifamily investments and property management services, our focus on long-term client Syndication success is at the core of everything we do. Our firm’s financial expertise and professional management At Pilot Ventures, our experienced team of industry allows individuals, families, partnerships and trusts to invest professionals offer more than 50 years of creative in income producing properties without worrying about the investment expertise. We engage with every client day-to-day operations. We provide a full-service approach to every stage of your multifamily real estate investment. in a goal-oriented manner to enhance their portfolio and maximize results. Management Together, we don’t just build equity— Managing properties can be an overwhelming experience— we build relationships. in working with Pilot Ventures, we help streamline processes and systems to maximize your cash flow and ROI.

WEST SEATTLE FLATS | PILOT VENTURES | 37 Brokerage / Syndication / Management

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