COLONY FARMS

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New Prison Area 5

1 Salt City Inland Airport 2 I-80 Amazon 18

Salt Lake City

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Colony Farms Post Consumer Brands 11 17 201 3 6 2 1 3 8 UPS 12 14 2 9 7 Magna 6 1 10 5 3 5 West Valley City 4 4

13 215 I-15 3

9 7 154 Taylorsville 8

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South Valley 16 Regional Airport Midvale West Jordan COLONY FARMS Project & Amenities

SITE LOCATION NEW EMPLOYMENT Colony Farms 1. The Inland Port: AMENITIES Magna is located in the “Northwest Quadrant” sector of Salt Lake County. In 2018, 1. Copper Club Golf Course Governor Gary Herbert signed into law SB234, known as the “Inland Port Bill”. The 2. Stonebridge Golf club Inland created under the bill would develop and manage a land-based 3. Centennial facility for international trade, of perhaps several hundred acres in size, to process the 4. Hunter Park distribution and transport of goods both inbound to location throughout the United 5. Wal-Mart Supercenter States and outbound to overseas. - Salt Lake Tribune 6. Rocky Mountain Raceways 7. The Ridge Golf Course 2. Amazon.com 8. USANA Amphitheatre In 2017, Tech retailer Amazon will build a state-of-the-art distribution facility in Salt 9. Maverik Center 10. Valley Fair Mall Lake City’s planned new commercial hub, creating 1,500 new full-time hourly jobs for 11. Glendale Golf Course the local economy. 12. Cinemark West Valley City 3. UPS and XD 13. Lowe’s Home Improvement, UPS will complete a new distribution facility in the NW quadrant that is expected to Smith’s, Walgreens bring in another 1500 jobs. It’s expect to be fully operational by the end of 2018. 14. Intermountain Healthcare 15. Fashion Place Mall 4. Post Consumer Brands 16. Top Golf Post Consumer Brands facility has begun on what will be the largest “built 17. Smith’s Ballpark to suit” project in the history of Utah. 18. Downtown Salt Lake City 5. The Salt Lake City International Airport SCHOOLS The Salt Lake City International Airport is currently undergoing a 1.2 billion dollar 1. West Valley Elementary School modernization and expansion process. 2. Cyprus High School 3. Hunter High School 6. New Prison location 4. Hunter Middle School 5. Copper Hills Elementary School 6. Lake Ridge Elementary School SALT LAKE COUNTY 7. Valley Crest Elementary School 8. Ethos Academy Multifamily in Salt Lake County realized rent growth of 5.8% over the last year, in part due to the increase in population from inmigration sparked by strong job growth. (Magna ) 9. Salt Lake Community College Many renters are comingto Salt Lake from other major markets where rental rates are Taylorsville much higher. in Salt Lake county are a bargain compared to other markets and these renters are helping to raise the bar on pricing expectations. Vacancy increased 90 bps over 2017 to 4.0%. A slight uptick in vacancy was realized mid-year, and vacancy has continued to increase. Many of the new properties have generated renter movement to new units. Increasing migration to Utah fueled by consistent job growth will continue to keep vacancy rates across the Salt Lake valley at indus- try-standard levels. The bulk of new development is located in Salt Lake County with a total of 8,034 units under construction. Salt Lake County a little over 53% of all active and planned construction. This influx of new units will increase the base inventory approx- imately 5.7% over last year. Many of these units have already been delivered with initial project phases. Supply levels may create some slowing in rent growth and absorption velocity, however, the current new supply is being absorbed at a very healthy pace of 17 units per Source: CBRE, Inc., Real Capital Analytics month.