Arlington Downs MIXED-USE DEVELOPMENT OPPORTUNITY

Brian Buckingham Mike Smith Tom Svoboda First Vice President Associate Senior Associate +1 630 573 7000 +1 630 573 7804 +1 312 935 1481 [email protected] [email protected] [email protected] AFFILIATED BUSINESS DISCLOSURE DISCLAIMER CBRE, Inc. operates within a global family of companies with many This Memorandum contains select information pertaining to the Property subsidiaries and related entities (each an “Affiliate”) engaging in a broad and the Owner, and does not purport to be all-inclusive or contain all or part range of commercial real estate businesses including, but not limited of the information which prospective investors may require to evaluate a to, brokerage services, property and facilities management, valuation, purchase of the Property. The information contained in this Memorandum investment fund management and development. At times different has been obtained from sources believed to be reliable, but has not been Affiliates, including CBRE Global Investors, Inc. or Trammell Crow verified for accuracy, completeness, or fitness for any particular purpose. Company, may have or represent clients who have competing interests All information is presented “as is” without representation or warranty in the same transaction. For example, Affiliates or their clients may have of any kind. Such information includes estimates based on forward- or express an interest in the property described in this Memorandum looking assumptions relating to the general economy, market conditions, (the “Property”), and may be the successful bidder for the Property. competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. Your receipt of this Memorandum constitutes your acknowledgment of All references to acreages, square footages, and other measurements that possibility and your agreement that neither CBRE, Inc. nor any Affiliate are approximations. This Memorandum describes certain documents, has an obligation to disclose to you such Affiliates’ interest or involvement including leases and other materials, in summary form. These summaries in the sale or purchase of the Property. In all instances, however, CBRE, may not be complete nor accurate descriptions of the full agreements Inc. and its Affiliates will act in the best interest of their respective client(s), referenced. Additional information and an opportunity to inspect the at arms’ length, not in concert, or in a manner detrimental to any third Property may be made available to qualified prospective purchasers. party. CBRE, Inc. and its Affiliates will conduct their respective businesses You are advised to independently verify the accuracy and completeness in a manner consistent with the law and all fiduciary duties owed to their of all summaries and information contained herein, to consult with respective client(s). independent legal and financial advisors, and carefully investigate the CONFIDENTIALITY AGREEMENT economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY Your receipt of this Memorandum constitutes your acknowledgment that AT YOUR OWN RISK. (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the The Owner expressly reserves the right, at its sole discretion, to reject any acquisition of the Property, (ii) you will hold it in the strictest confidence, or all expressions of interest or offers to purchase the Property, and/ or to (iii) you will not disclose it or its contents to any third party without the terminate discussions at any time with or without notice to you. All offers, prior written authorization of the owner of the Property (“Owner”) or counteroffers, and negotiations shall be non-binding and neither CBRE, CBRE, Inc., and (iv) you will not use any part of this Memorandum in any Inc. nor the Owner shall have any legal commitment or obligation except manner detrimental to the Owner or CBRE, Inc. as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc. © 2020 CBRE, Inc. All Rights Reserved. Executive Summary

Arlington Downs is an ideally located approved mixed-use planned development that consists of Retail, Multi-Family Housing, Senior Housing and a Hotel component in the Village of Arlington Heights. This development is contiguous to Arlington International Racecourse and only a 6-minute drive to downtown Arlington Heights and the Metra station. This multi-phased project is made up of a number of uses starting with Arlington One, which is an existing apartment conversion project with a state-of-the-art rock- climbing facility Delivered in 2015. The second Phase is the Stonegate Apartments which is a 263-unit complex that broke ground in 2019 and will be delivered 2Q21.

What CBRE is offering are the final phases of this development which are described below: • Senior Portion:

180-unit senior housing facility

N N • Multi-Family Portion: N 360 multi-family unit development • Hotel Portion: 102 room Hotel (Potentially) • Retail Portion: 32k square feet of retail space Property Highlights

2 MILES from Downtown Arlington Heights TRAFFIC COUNTS and Metra station • 22,200 vehicles per day on Euclid Road • 15,800 vehicles per day on Northwest Highway • 5,300 vehicles per day on Rohwing Road 4 MILES to Woodfield Mall

SCHOOL DISTRICT • Kimball Hill Elementary School 16 MILES to O’Hare Airport • Rolling Meadows High School • Township 214 School District, Arlington Heights Survey

150.00’ 100.97’ 295.84’ 680.44’ 299.34’

60.00’ 178.67’

63.64’

318.88’ 400.14’

344.05’ 144.71’ 244.05’

344.05’

356.04’

116.00’

110.17’ 168.25’

136.20’

194.27’ 208.54’ 260.62’ MultiFamily Development Parcel

PIN: 02-26-201- 023-0000, 02- 26-201-029-0000

2018 TAXES: $36,480/YR

3.53 ACRES

360 UNITS

VIEW SITE PLAN

N N N Retail Development Parcel

PINS: 02-25-100- 037-0000, 02- 5.74 ACRES 26-201-027-0000

TAXES: 32,000 SF $87,926/YR OF RETAIL

VIEW SITE PLAN

N N N Senior Housing Development Parcel

PIN: 02-25-100- 039-0000

TAXES: $19,806/YR

1.99 ACRES

180 UNITS

VIEW SITE PLAN

N Immediate Area Highlights

Arlington International Racetrack

2 MILES from Downtown Arlington Heights and Metra station

4 MILES to Woodfield Mall

Close proximity to

expressways, shopping,

N N and 35 minutes to N Downtown Chicago Demographics

1 MILE 3 MILES 5 MILES POPULATION 2019 POPULATION - CURRENT YEAR ESTIMATE 8,035 109,456 273,171 2024 POPULATION - FIVE YEAR PROJECTION 7,996 108,664 270,491 2010 POPULATION - CENSUS 7,800 109,308 275,060 2000 POPULATION - CENSUS 7,893 108,712 277,080 2010-2019 ANNUAL POPULATION GROWTH RATE 0.32% 0.01% -0.07% 2019-2024 ANNUAL POPULATION GROWTH RATE -0.10% -0.15% -0.20%

HOUSEHOLDS 2019 HOUSEHOLDS - CURRENT YEAR ESTIMATE 3,179 44,329 108,690 2024 HOUSEHOLDS - FIVE YEAR PROJECTION 3,163 43,997 107,587 2010 HOUSEHOLDS - CENSUS 3,059 44,088 109,134 2000 HOUSEHOLDS - CENSUS 3,012 42,965 108,623 2010-2019 ANNUAL HOUSEHOLD GROWTH RATE 0.42% 0.06% -0.04% 2019-2024 ANNUAL HOUSEHOLD GROWTH RATE -0.10% -0.15% -0.20% 2019 AVERAGE HOUSEHOLD SIZE 2.46 2.44 2.50

HOUSEHOLD INCOME 2019 AVERAGE HOUSEHOLD INCOME $112,100 $120,000 $113,271 2024 AVERAGE HOUSEHOLD INCOME $127,576 $134,265 $127,316 2019 MEDIAN HOUSEHOLD INCOME $84,417 $90,473 $84,854 2024 MEDIAN HOUSEHOLD INCOME $94,708 $101,089 $94,766 2019 PER CAPITA INCOME $44,789 $48,391 $44,998 2024 PER CAPITA INCOME $50,986 $54,132 $50,556

HOUSING UNITS 2019 HOUSING UNITS 3,355 47,283 116,195 2019 VACANT HOUSING UNITS 176 5.2% 2,954 6.2% 7,505 6.5% 2019 OCCUPIED HOUSING UNITS 3,178 94.7% 44,329 93.8% 108,690 93.5% 2019 OWNER OCCUPIED HOUSING UNITS 2,663 79.4% 32,684 69.1% 77,201 66.4% 2019 RENTER OCCUPIED HOUSING UNITS 515 15.4% 11,645 24.6% 31,489 27.1%

EDUCATION 2019 POPULATION 25 AND OVER 5,974 78,892 195,313 HS AND ASSOCIATES DEGREES 3,105 52.0% 30,387 38.5% 78,953 40.4% BACHELOR'S DEGREE OR HIGHER 2,492 41.7% 43,219 54.8% 102,115 52.3%

PLACE OF WORK 2019 BUSINESSES 741 5,498 12,410 2019 EMPLOYEES 11,624 84,334 178,390 Demographics

Population by Year % Annual Population Growth Income $90,473 Median Household Income $48,391 Per Capita Income Population

Home Ownership

Study Area US 73.7% Owner-Occupied Units Race & Ethnicity Education

Employment 12% 84,334 Hispanic/Latino Employees Population ( All Races) 5,498 Businesses

White 80.7% Asian 11.6% Master’s/Professional/Doctorate 20.7%

81Black/African American 1.5% Other+211132+L Race 3.7% 21+Bachelor’s 34.1% 34+45L 3% Residential Unemployment Rate American Indian 0.2% Two or More Races 2.3% Other 45.2% Retail Map

tS htimS tS Baldwin Rd 25,800 VPD

Winston Colfax St Campus Junior High School r D 53 s 12 m Palatine lia 14 Wil

Palatine Rd 39,800 VPD

Stuart R gniwlhoR dR Paddock School 28,700 VPD Twin Lakes Golf Course 19,000 VPD & Recreation Patton H elen Rd Area Elementary 137,800 VPD School

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Roselle Rd 18,100 VPD Elementary School

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0 Kennicott Ave ,8 Illinois Ave 2 4 Oakton St 1 Arlington Park St Viator dR sthgieH notgnilrA sthgieH dR High School

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Euclid Ave

Harper College Plum Grove Junior Arlington High School Campbell St Heights

169,200 VPD

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27,900 VPD Hartung Rd Westgate Elementary School 62 53 South 32,200 VPD Middle School Kirchho Rd Carl Sandburg Junior High School N Metra Map

12 41 Highland Park 14 Wheeling

Northbrook 45 Carpentersville 43 Palatine Arlington Park

Arlington 294 59 Heights Glenview 12 14 90 Mt Prospect Evanston 72 94

Des Plaines Elgin 14

Schaumburg Skokie Streamwood Park Ridge 20 19 45 Rogers Park 290 41 Elk Grove Village Hanover Park Bartlett

Chicago Midway International Airport

19 Addison 20 90 355 294 290 Glendale Heights 45 64 Carol Stream 64 Elmhurst

36 MINUTES to Downtown 50 43 Chicago Oak Park

59 Wheaton Lombard 290 30 MINUTES to Downtown Ogilvie 41 Cicero Transportation 88 Berwyn Center

© 2020 CBRE, Inc. All rights reserved. This information has been obtained froms sources not been believed veri ed reliable, for accuracy but ha or completeness. You should conduct a careful, independenty and verify all investigation information. of Any the reliance propert on this information is solely at your own risk.arks CBRE of andCBRE, the Inc. CBRE All other logo aremarks service displayed m on this document are the property of their respective owners, and the use of such logos doesent not of imply CBRE. any MOS aliation 377647 with 04/08/2020 or endorsem

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Brian Buckingham Mike Smith Tom Svoboda First Vice President Associate Senior Associate +1 630 573 7000 +1 630 573 7804 +1 312 935 1481 [email protected] [email protected] [email protected]

© 2020 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.PMStudio_May2020