THE RESIDENCES AT HAMILTON LAKES NEW MULTIFAMILY DEVELOPMENT • RENOWNED HAMILTON LAKES BUSINESS PARK • SUBURBAN CHICAGO • 297 LUXURY UNITS • HAMILTON PARTNERS 300 Park Blvd Itasca, IL 60143 MARK HAMILTON RON LUNT Phone: 630.697.0200 Phone: 630.250.9700 Email: [email protected] Email: [email protected] CENTRAL LOCATION RENTAL MARKET OVERVIEW CONCLUSION Fox Lake 94 From 1990 to 1999 there was parity in the rent/own equation, loan45 requirements were stricter,Waukegan and there was a lower availability of for-sale housing stock as compared to today. During thisRound time, Lake rents forGrayslake luxury apartments enjoyedGurnee a 3.6% average yearly growth rate. The softening of apartment fundamentals from 2001 to 2005 was a disruption of this long-term, steady120 positive growth trend in multifamily in Chicago. 120 North Chicago When the apartment market returned from 2005 to 2007, it was in the following21 context: 137 • Single-family housing prices soared, due largely to25 historically MILES lax underwriting standards and low interest rates, and removed any economic Lake Bluff advantage5831 of home ownership. Libertyville 176 176 Wauconda • Home ownership rates stabilized well above sustainable levels. Even with recent drops, home ownership rates are 3% to 4% above the 43 historical mean. Mundelein Lake Forest LAKE 60 Since then, 12 Lake Zurich • Home buyers haveCary returned to the rental market due to tightening credit standards, and 41 22 22 21 PROPERTY• Employment SUMMARY uncertainty14 has kept potential home buyers in theLong rental Grove pool. Unit Amenities:Lincolnshire Barrington 15 MILES83 Highland Park Number fo Units: 252 Deerfield Rents in the suburban market are approximately 27% below the 10-year trend• Attached line established Garages (select from 1990units - toas 1999.detialed Thebelow) decline of the for-sale single-familyAddress: housing market 6690 Doubleis resulting Eagle in Drive the return to a balanced Buffalorent/own Grove market. LAKE Woodridge, IL (DuPage County) 11 Direct Access68 to 3BR unit Glencoe MICHIGAN 68 Palatine 99 Accessible via Common Area Hallway UnemploymentYear Built: has already 1996 peaked and the market is starting to 12add jobs, demonstratedWheeling by Northbrookjob growth in each of the rst four months of 2010. 110 Total Attached GaragesNorthfield Winnetka ConsistentLocation: with ad historicaljacent to Seven performance, Bridges Golf the Course, long-term along employment outlook for Chicago is positive, and the rental apartment market is well positioned COOK Arlington Heights for continued growth in therents east commensurate and west sides62 of with Double historically Eagle high construction• costs.Full-sized washer/dryer in all units Kenilworth 5831 294 5825 Drive, approximately 1/4 mile north of 14 94 • Mount Central Prospect air conditioning and43 individual gas-¿Wilmette red forced air heating Despite occupancies below Hobson historic Road norms, suburban Chicago’s occupancy of 92.7% and Downtown are both improving and con rm the underlying 90 21 Glenview strength of the market. A vacant apartment development5 pipeline MILES combined with strengthening apartment demand is expected to push rents in both Site Size: +/- 13.19 acres 72 • Vaulted ceilings in select58 units marketsElgin back towards historical trend58 lines of 3.6% by 2013, if not sooner. A normalized housing market and favorable demographic trends are expected Building Description: 10 three-story apartment buildings and • Wood burning ¿ replace in select units Evanston to provide a boost beyond59 recent market performance above the market’s historical mean, therefore, the next decade presentsSkokie an opportunity for outsized 1 cluhouse building Des Plaines Schaumburg 90 • Walk-in closets • Ceiling fan(s) returns for apartment investors because of the probability for above-average rent growth. Lincolnwood Parking Spaces: 110 Attached19 Garage Spaces 290 1420 E lgin O’H Park Ridge are Ex • Private patio or balcony • Intrusion alarm pres 110 Tandem Parking Spaces sway O'Hare 260Hanover Surface Park Parking Spaces CommonAirport Area Amenities: 90 BloomingdaleBBlBloommimingddalel 480 Total Parking Spaces • Elevators Norridge • Outdoor pool and spa 19 Exterior: Building exteriors are a combination of Army Trailil RRd.d. • Clubhouse with great room offering ¿ replace, gourmet kitchen and brick veneer and painted cedar siding, 1420 G nimoolB a lounge area, ¿ tness center and business center r 90/94 y on masonry and woody frame, with 290 Addison Franklin COOK 5964 Carol Stream Park reinforced concrete slab foundations.evAyraG • Picnic area with barbecue • Children’s play area 5831 St. Charles .dReladg 5964 355 Oak 59 Park Chicago Lombard Glen Ellyn 5938 DU PAGE 290 5938 5825 88 Warrenville Cicero 56 Oak Brook 55 56 1434 La Grange 90/94 88 Naperville Burr Aurora Downers Ridge Grove Midway Airport 1434 55 294 355 MODERN DESIGN WITH TIMELESS FEATURES AERIAL NORTHEAST ROSEMONT / O’HARE 13 Million SF of Ofl ce Space 294 100 Million SF of Industrial Space Rivers 220,000 Jobs Casino Allstate DES PLAINES Arena O’HARE INTERNATIONAL 90 AIRPORT E TOUHY AVE. 72 FUTURE I-390 ELGIN O’HARE WESTERN ACCESS ELK GROVE VILLAGE Largest Consolidated Business Park in North America Over 3,600 Businesses Employing Nearly 100,000 People All Within 5.9 Square Miles ELGIN TO BENSENVILLE E DEVON AVE. E THORNDALE AVE. METRA MILWAUKEE DISTRICT / WEST LINE - CHICAGO WOOD DALE WOOD DALE N ARLINGTON HEIGHTS RD. N PROSPECT AVE. K Itasca Country Club E IRVING PARKPAR RD. ITASCA ROSEMONT / O’HARE 90 13 Million SF of Ofl ce Space 100 Million SF of Industrial Space Rivers 220,000 Jobs Casino Allstate DES PLAINES Arena O’HARE INTERNATIONAL AIRPORT E TOUHY AVE. FUTURE I-390 ELGIN O’HARE WESTERN ACCESS ELK GROVE VILLAGE ITAASCA METRTRATRA STATIONN Largest Consolidated Business Park in North America Over 3,600 Businesses Employing Nearly 100,000 People All Within 5.9 Square Miles ELGIN TO BENSENVILLE E DEVON AVE. E THORNDALE AVE. METRA MILWAUKEE DISTRICT / WEST LINE - CHICAGCHICAGOO TO ELGIN WOOD DALE WOOD DALE O’HOOH’HHARAREARER INNTERTET RNATNANATATIONIOOONALL AIRA RPORPOPORRT N ARLINGTON HEIGHTS RD. N PROSPECT AVE. K RD. Itasca Country Club E IRVING PARK RD. ITASCA BEAAUTIUT FULFU GOG LF COUOOURSESES AERIAL NORTH Busse Woods Alexian Brothers ELK GROVE VILLAGE Medical Center SINGLE FAMILY HOMES ElkElk Grove Alexian Brothers TowTownn Center Rehabilitation Center Walmart Supercenter SINGLE FAMILY HOMES SINGLE FAMILY HOMES 53 HAMILTON DEVON AVE. VILLAGE 390 ELGIN-O’HARE EXPRESSWAY 290 HAMILTON LAKES BUSINESS PARK 3.5 Million SF of Office Space Salt Creek Golf Club 80 Acres of Development Land 8,000 Jobs, Adding 600+ Jobs by 2016 Topgolf Chicago E THORNDALE AVE. ARLINGTON HEIGHTS RD North Salt Creek Country SINGLE FAMILY HOMES N PROSPECT AVE. Forest Preserve WOOD DALE DOWNTOWN Itasca Country Club E IRVING PARK RD. Itasca ITASCA METRA MILWAUKEE DISTRICT / WEST LINELI - CHICAGO TO ELGIN N Busse Woods Alexian Brothers ELK GROVE VILLAGE Medical Center SINGLE FAMILY HOMES Elkk Grove Alexian Brothers Townn Center Rehabilitation Center SINGLE FAMILYF HOMES SINGLE FAMILY HOMES HAMILTON DEVON AVE. VILLAGE WWOWOODFIDFFIIELDEELLLDD MAMALLL ELGIN-O’HARE EXPRESSWAY HAMILTON LAKES BUSINESS PARK 3.5 Million SF of Office Space Salt Creek Golf Club 80 Acres of Development Land 8,000 Jobs, Adding 600+ Jobs by 2016 Topgolf Chicago E THORNDALE AVE. ARLINGTON HEIGHTS RD North Salt Creek Country SINGLE FAMILY HOMES N PROSPECT AVE. Forest Preserve NEWW ZUZ RICR CH HQ WOOD DALE DOWNTOWN Itasca Country Club E IRVING PARK RD. Itasca ITASCA METRA MILWAUKEE DISTRICT / WEST LINE - CHICAGO TO ELGIN NE - CHICAGO TO ELGIN Target Jewel-Osco BBUSBUU SSE WOODDSS AERIAL NORTHWEST 290 SINGLE FAMILY HOMES Hirano Shula’s Japanese Steakhouse HAMILTON VILLAGE DEVON AVE. HAMILTON LAKES BUSINESS PARK 3.5 Million SF of Office Space 80 Acres of Development Land 8,000 Jobs, Adding 600+ Jobs by 2016 BesaB Mi Taco Buona E THORNDALE AVE. S. ARLINGTON HEIGHTS RD. Salt Creek Golf Club Topgolf Chicago N PROSPECT AVE. SINGLE FAMILY HOMES Hirano Shula’s Japanese Steakhouse HAMILTON VILLAGE HAMILTOONN LLALAKAKAKESES BUSBUBUUSINEESSSS PARPAPARARK DEVON AVE. HAMILTON LAKES BUSINESS PARK 3.5 Million SF of Office Space 80 Acres of Development Land 8,000 Jobs, Adding 600+ Jobs by 2016 BesaBesa Mi Taco Buona E THORNDALE AVE. TTHTHEHEH WEESTSTISTIT NNH HOTEOTOTEELLA ATTH HAMIAMAMMIILLTLTONNL LAKEAAK S S. ARLINGTON HEIGHTS RD. Salt Creek Golf Club Topgolf Chicago N PROSPECT AVE. TOPOPPGOLGGOLFFC CHICHICAGOO THREE LUXURY MID-RISE BUILDINGS + 8,000 SF CLUBHOUSE PROPERTY DATA SHEET SITE LOCATION The site is located near the intersection UNIT • 9 Foot Ceilings of Arlington Heights Road and the current AMENITIES • Hardwood Floors in all areas except Bedrooms and Elgin-O’Hare Expressway (aka EOWA I-390) Baths • Full Size Stackable Washer/Dryer COUNTY DuPage • Quartz Countertops in Kitchens SUBMARKET Schaumburg-O’Hare-Glendale- • Backsplash in Kitchen Pendant and Track Lighting Lombard in Kitchen and Dining Areas LAND AREA 10.7 Acres • Energy Star Stainless Steel Dishwasher, Disposal, BUILDINGS 3 and Range/Self Clean Oven • Energy Star Stainless Frost-Free Refrigerator with 4-5 Residential STORIES Lower Level Enclosed Parking Automatic Ice-Maker • Computer Niches in Select Units ZONING R-3 PUD Special Use • Double-Bowl Vanity Sinks in Most Floor Plans M&R Development SPONSOR/DEVELOPER • Spacious Walk-In Closets Hamilton Partners ARCHITECT BSB Design COMMON AMENITIES • Outdoor Pool CONSTRUCTION START September 2015 •