Lee J. Carney, Principal

Confidential Offering Memorandum…………………………………..

54-Unit Corporate Housing Aparthotel

12911 W. 13th Ave., Airway Heights, WA

20 E. Pineridge Ct., Spokane, WA

Exclusive Contacts:

Lee J. Carney, Principal509.919.1037 Cell | 509.448.0483 faxLee.Carney@MountainCapital-llc.com

Robert RowleyCommercial Real Estate Advisor509.252.5074 | 509.928.3084 faxrob@rowleylegal.com

Table of Contents

4 Section 1 Property Information & Highlights

6 Section 2 Location Information & Parcel Maps

11 Section 3Financial Analysis

13 Section 4 Visual Representation &

Accolades

24 Section 5Demographics & the ‘Draw’

26 Section 6Testimonials and Awards

………………………………………………………………………………………..No warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.

Confidentiality Agreement• In connection with entering into discussions with the Aparthotel Spokane Corporate Housing “the Company”,

dba Turning Leaf Furnished Townhomes at 20 E. Pineridge Ct., Spokane, WA 99208, and Autumn Leaf Furnished Apartments at 12911 W. 13th Ave., Spokane, WA 99001, “the Properties” the undersigned Purchaser and/or Broker (Parties) agree to treat all documents provided by the Company and discussions with the Company relating to the potential purchase of the above referenced properties as strictly CONFIDENTIAL. Parties are further advised that the Seller has indicated that all inquiries concerning the Property and all communications with respect to the sale of such Property be directed to the Company.

• Parties further agree not to use or disclose any information or documents provided to Parties by the Company, regardless of whether they are individually identified as CONFIDENTIAL, without the written consent of the Company. All informational materials relating to the Property shall continue to be the property of the Company and shall be used for the sole purpose of evaluating the Property. Parties agree to take all reasonable precautions to protect the confidentiality of such information and, upon written request by the Company, to immediately return any documents to the Company, which contain or reflect such Confidential Information. Although we have endeavored to include such information as we believe pertinent for the purposes of evaluation of the Property for investment potential, Parties understand and acknowledge that neither the Company nor Seller make any representation or warranty as to the accuracy or completeness of the information. Parties further understand and acknowledge that the information used to prepare any materials provided were furnished by sources deemed reliable but have not been verified and are subject to Parties’ own investigations and diligence. Parties agree that neither Seller nor the Company shall have any liability for any reason to Parties nor their advisors resulting from the use of the materials provided in connection with the pursuit of securing an investment in the Property, whether consummated or not for any reason. No representation of environmental condition of the properties has been made.

• Parties acknowledge that the Property is subject to prior sale, contractual obligation, or withdrawal from the market for any reason without notice. The Company and Seller retain the right in their sole discretion to withhold information from Parties if, in their determination, the Purchaser is not a qualified Purchaser. Such qualifications may include but are not limited to financial capability, relevant industry experience, net worth, and demonstrated ability to complete a transaction of this type and size. The Company may request and Parties agree to supply information which may be deemed relevant in determining the qualification of the Purchaser.

• Should Purchaser contact the Company directly without Broker representation then said Purchaser hereby represents and warrants that Purchaser has not contacted or entered into any agreement with any real estate broker, agent, finder, or any other party in connection with this transaction, and that it has not taken any action which would result in any real estate broker's, finder's, or other fees or commissions being due or payable to any other party with respect to the transaction contemplated hereby. Additionally, Purchaser, for all properties provided by the Company, agrees to protection of the Company as procuring cause of resultant transaction including although not limited to assurance of standard and equitable compensation for said role. Parties specifically agree not to enter into any discussions with any employee or guest at the Property about any matter relating to business operations or a potential sale of the Company. In the event of any material breach of the provisions of this agreement the Company and/or Seller shall be entitled to equitable relief in addition to all other remedies available at law or at equity. This agreement shall be interpreted in accordance with the laws of the State of Washington. The venue for any action shall be Spokane County, Washington.

Preface

Highlights…

• Current ownership is off-site. Passive investment as employee management operates day-to-day operations and are paid salary plus commission.

• Low maintenance properties with commendable net operating income, financial trends, and tax benefits.

• Tried-and-true business model with positive momentum and demand.

• Company rents to professionals. They do not rent to high-drama apartment dwellers nor do they rent to one-night hotel transient guests. Minimum stay for short-term guests are 3-5 nights.

• Management capitalizes on capturing short-term hotel business as fill-in business between lease residents thereby increasing profitability. Company has a transient hotel accommodation license enabling it to capture higher paying short-term hotel guest business.

• Multiple uplifting online resident feedback and comments.• Favorable geographic region with several large companies

expanding or moving to the area.• Properties are available to be sold individually.

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Properties DescriptionFinancial Highlights

54-unit, fee simple, Corporate Housing Aparthotelconsisting of two properties in Spokane, WA, known asTurning Leaf Furnished Town Homes, TLTH, and AutumnLeaf Furnished Apartments, ALFA. Be a part of the growingAirBnB/Home Away niche market! With the cash flow of ahotel but the consistency & easy of management of anapartment, this Aparthotel offers the buyer an admirableROI, yet limited owner involvement. Existing onsitemanagement has been in place for over 3 years and takespride in their jobs. Residents are sourced from FairchildAFB, traveling medical providers, relocating/movingindustry, and construction industry. Residents like theproperties’ residential atmosphere without sacrificing hotelquality. All major renovations recently completed withminimal deferred property maintenance. Currentownership is selling to expand separate commerciallending business.

Properties Details

Competitive Set

CompetitorNumber of Aparthotel Units City

Douglas Property Management 90 Spokane

Wolf Corporate Housing 60 Liberty Lake

Stay Alfred 31 Spokane

Stratford Suites 60 Airway Heights

2019 Proforma based upon prior yearPrice $ 6,285,000 Gross Income $ 999,922 Operating Exp $ 514,918 Net Operating Income $ 485,004 Capitalization Rate 7.72%Avg. Occupancy 65%Long-term and lease tenants percent of gross sales 71%1 bedroom unit lease rate $ 1,695 2 bedroom unit lease rate $ 1,895 Avg Stay Per Resident 90 daysGross Rent Multiplier 6.29

Spokane Corporate Housing Aparthotel TLTH and ALFA respectively

TLTH Property Address: 20 E. Pineridge Ct., 9 E. Mayfair Ct. & 19 E. Mayfair Ct., Spokane, WA 99208

ALFA Property Address 12911 W. 13th Ave., Airway Heights, WA 99001

Parcel Numbers 36203.2013, 36203.2014, 36203.2006 & 15234.2601

Total Rentable Units 31 one bedroom + 23 two bedroom

Year Built and renovated TLTH 1988 & 2017, ALFA 2017

Buildings square feet 16,275 & 21,588

Lot sizes square feet 40,107 & 30,125

Unit size square feet 525 & 975

Number of parking spaces 32 & 46

Zoning Residential High Density & General Commercial

Labor Non Union

Unit Amenities

Properties Details

TLTH ALFA

Private loft bedrooms with large closets Spacious bedrooms with large closets

1-bedroom town homes w/ queen bd 2 bedroom apts w/ 2 queen bds

Sofa Sleepers downstairs Fully stocked & equipped kitchens

Fully stocked & equipped kitchenettes Full size ovens

Stove tops Full size refrigerators

Premium cable TV & WIFI Dishwashers

Individually utility metered Premium cable TV and WIFI

Community BBQ area Private balcony with locked storage

Ceiling fans Full size kitchen tables

In-unit laundry In-unit laundry

Private storage and pet area Off street covered parking, door bells

Well-lighted off street parking Individually utility metered

Individual 40 gallon water heatersIndividual Mailboxes with personal keys

Individual 50 gallon water heatersIndividual Mailboxes with personal keys

TLTH ALFA

Built 1988, major remodel 2016/2017 Built 2017

Close to Universities and Hospitals Close to Airport and Fairchild AFB

Well-lit parking Well-lit covered parking

Monitored surveillance cameras Monitored surveillance cameras

Athletic Club access Athletic Club access

31 fully furnished 1 bd town homes, 1 office 23 fully furnished 2 bd apartments, 1 office

Parcel MapsTurning Leaf Furnished Apartments, 20 E. Pineridge Ct., Spokane, comprised of 3 parcels

near the corner of Division St. & Magnesium Road

×

Autumn Leaf Furnished Apartments, 12911 W. 13th Ave., Airway Height, at the corner of 13th Ave. and King St.

Turning Leaf

Autumn Leaf

New Amazon

Spokane Intl. Airport

Northern Qwest Development

Fairchild AFB

Gonzaga University

New freeway

New WSU Medical Campus

Prop. Largest Sports Complex in PNW

Exciting upside with so many companies growing and moving to the area…

New Mullen Technologies

Boeing/Triumph

Veteran’s Hospital

Whitworth University

New Rec. Center

Spokane: Near nature…near perfect! We have clean air, a low cost of living, easy commute, and high quality of life. You can enjoy 260 sunny days a year, majestic mountains, 76 lakes, multiple golf courses, and a four-season climate.

Deaconess Hospital

Multi Care Hospital

Providence Hospital

New Exotic Metals

Turning Leaf

Location MapTurning Leaf Furnished Town Homes

20 E. Pineridge Ct., Spokane, WA 99208

Turning Leaf

Location MapAutumn Leaf Furnished Apartments12911 W. 13th Ave., Airway Heights, WA 99001

Autumn Leaf

Tax Return Financial Spreadsheet Exhibit A

Financial Analysis

July 1, 2019

Spokane Corporate Housing Aparthotel Financial Analysis

Price: $6,285,000.

Capitalization Rate: 7.72% based upon net operating income of $485,004

Analysis is based upon operating entity Classyproperties.com, dba Spokane Corporate Housing Aparthotel,

(“Company”) accountant-compiled 2016 through 2018 company tax return, accountant-compiled 2nd

quarter interim profit and loss statement dated 6/1/19 and accountant-compiled 2019 proforma.

• Sourced from May 2019 interim profit and loss, percentage of long-term residents are at an all-time

high as evidence by 71% of gross sales.

• Historical gross sales break down of short-term and long-term tenants has remained relatively

constant at approximately 40% and 60% of total sales, respectively, until the December 2017

purchase of Autumn Leaf Furnished Apartments which produced higher long-term resident’s sales.

• Solid net operating income performance with upward trend

• While short-term resident sales has given the company higher profitability compared with similar

multifamily units in size and scope, consistently increasing long-term resident sales, as evidenced by

the upward trend in over 30-day stays as a percentage of gross sales, has afforded the company

earnings consistency and stable labor costs.

• Pet and administrative fees have consistently added approximately 2-3% to the gross sales figure

year-over-year.

• Aparthotel net operating income from operations has a four-year inclining trend with exception of

year 2017 where 65% of available TLTH apartments for rent were taken out of service for

renovation.

• Increase in fiscal year 2017 and 2018 payroll expense is attributed to completion of TLTH renovation

projects and purchase of ALFA.

• Built in December 2017, ALFA has almost 2 full years of financials and absorption giving the

property time to project a historical financial track record.

• Merchant transactions, as percent of gross sales, downward trend is attributable to less reliance on

short-term resident credit card sales and online travel agents.

• While 2016 – 2019 year-over-year occupancy average is in line with the average local hotel

competitive set, further upside sales potential may be gained from an increase in long-term resident

occupancy to match multifamily industry average.

• Gross sales inclining trend is anticipated to continue momentum on a proforma basis due to several

major entities expanding into the area such as Mullen Technologies, Fairchild AFB additional planes,

Amazon, Exotic Metals, and Boeing/Triumph.

Steadily increasing gross sales with concentration on long-term resident sales points to this companies’

financial stability and its ability to produce above-average cashflow in this industry segment. With the

corporate housing/aparthotel industry segment growing in momentum combined with this aparthotel’s

net operating income upward trend, investment risk mitigation is apparent and continued growth is

predicted.

Rent Roll Spreadsheet Exhibit BAutumn Leaf, as of 6/1/19

Rent Roll Spreadsheet Exhibit BAutumn Leaf page 2, as of 6/1/19

Note, rent roll displays total income per current lease. Using lease 11148282, Alice Packer, as an example, her monthly rent is $1,483.00 (($17937.62+.83)/363))*30

Rent Roll Spreadsheet Exhibit BTurning Leaf, as of 6/1/19

Rent Roll Spreadsheet Exhibit BTurning Leaf page 2, as of 6/1/19

Note, rent roll displays total income per current lease. Using lease 13883762, Steve Koffman, as an example, his monthly rent is $1,833.00 (($10,099.75+167.88)/168))*30

Visual Representations, Turning Leaf Furnished Town Homes20 E. Pineridge Ct., Spokane, WA

“We love the park-like manicured grounds.”

“Peaceful walkways, quiet interior courtyards and personal BBQ area makes this community just right.”

Visual Representations, Turning Leaf Furnished Town Homes20 E. Pineridge Ct., Spokane, WA

“Interiors are homey yet functional.”

Visual Representations, Turning Leaf Furnished Town Homes20 E. Pineridge Ct., Spokane, WA

“Kitchens have everything a guest needs to prepare

a culinary masterpiece.”

Visual Representations, Autumn Leaf Furnished Apartments12911 W. 13th Ave., Airway Heights, WA

Visual Representations, Autumn Leaf Furnished Apartments12911 W. 13th Ave., Airway Heights, WA

“What a nice brand new community. All units are individually metered.”

Visual Representations, Autumn Leaf Furnished Apartments12911 W. 13th Ave., Airway Heights, WA

Visual Representations, Autumn Leaf Furnished Apartments12911 W. 13th Ave., Airway Heights, WA

“Now I see why it’s called an Aparthotel.”

Visual Representations, Autumn Leaf Furnished Apartments12911 W. 13th Ave., Airway Heights, WA

Visual Representations, Autumn Leaf Furnished Apartments12911 W. 13th Ave., Airway Heights, WA

Visual Representations, Autumn Leaf Furnished Apartments12911 W. 13th Ave., Airway Heights, WA

“Ample bathroom cabinet space with full walk-in tub & shower.”

Resident Testimonials

“My daughter and I recently spent eight days here (Room 21) while my husband was having heart surgery at Sacred Heart. As you can imagine, it was a very stressful time for us. This property is immaculately kept, the grounds are lovely, and it feels like youare part of a little village. It was really a comfort to come back from the hospital each night to relax and regroup here….numerous little sparrows that chirped in the fir trees outside our window. ;) Our townhouse was very clean and we were amazed at how well-equipped the kitchen was! We had housekeeping come once while we were there to re-stock towels, etc.and it was nice to have flexibility to just leave them a note as to what we needed and to tell them not to worry about other rooms where we had things spread out. My husband's surgery did not go as planned so we actually had to extend our stay twice. Jerrythe manager was so very friendly and helpful. He advised us that it was not a problem at all and that the unit was ours for as long as we wanted. It was such a comfort to have such flexibility and every person I talked to always inquired about and/or wishedmy husband and family well with regard to our circumstances. To be honest, we were thrilled when my husband was finally released, but my daughter and I did discuss how we were somewhat sad to leave. Needless, to say I would highly recommend this property andlook forward to returning another time under more leisurely circumstances.”Suzie, Verified Trip Advisor Turning Leaf Resident

“So nice to stay in an apartment type rather than a small boring hotel. It’s like your own apartment. So quiet!”Eric, Booking.com Autumn Leaf Verified Resident

“Absolutely , value for $ . No hassle check in-out. Suited our needs perfectly. Close to grocery / services , restaurants. City park only a block away for exercise/walks , recreation.”Gerald, Booking.com Autumn Leaf Verified Resident

“No hassle check in. Room was clean. Plenty of square footage to make ya feel at home.”Dan, Verified Traveler, Turning Leaf Expedia.com Resident

“Very clean and nice felt like another home away from home.”Louis, Verified traveler, Turning Leaf Expedia.com Resident from Evans, WA

“Brand new, huge 2 bedroom apartment that was cheaper than a hotel. The place was spotless so clean no dust behind the furniture. Free parking huge TV Super quite. I will stay again and again and again. TV in the master bedroom 2 super soft queen size beds, dining room balcony.”Trip Advisor Autumn Leaf Resident

Resident Testimonials

“Future travelers can expect a top notch facility, exceptional communication and effortless check-in. This place was spot on. Can't imagine staying anywhere else when I'm in Spokane.”Jeff Hopkins, AirBNB verified resident, Autumn Leaf

“Great location, amazing amenities, super clean. Home meets hotel vibe.”Giulia Kramer, , AirBNB verified resident, Autumn Leaf

“Great little place in walking distance of many Spokane activities. Host was extremely flexible and helpful.”Dwayne Dorau, , AirBNB verified resident, Autumn Leaf

“5-star all the way. This is the first time I've stayed at this location and it won't be my last. I can't imagine staying anywhere else next time I'm in Spokane. Great job Lee. I appreciate everything you did to make this trip as enjoyable as it was!”Jeff H. , AirBNB verified resident, Autumn Leaf

“Lee's place was perfect, their hospitality was amazing, these are great folks to rent from and will always make sure everything is just right for you.”Mar Rickets, AirBNB verified resident, Autumn Leaf

“The location is great - walk to Wal-Mart, WinCo, and Rosauers for groceries.”Resident review on Google review, Turning Leaf

“A fully equipped clean cozy apartment for much less than a one room box hotel.” Resident review on Google review, Turning Leaf

“We stayed at Autumn Leaf for two full months after our house sold, and what a great decision! The apartment was cheerful, nicely furnished, smelled good and had all the amenities (washer and dryer, dishwasher, pots and pans). A nice side benefit is that there are about eight great little restaurants within a very short walk, and we had fun checking all of them out. The neighborhood was quiet and the staff was very responsive to our requests.”Vincent B, Yelp.com verified resident, Autumn Leaf

“I've been staying here for business over the last several years. Always clean, always friendly and an incredible value! Spacious with your own kitchen as well. Location is right off the main way and plenty of grocery, restaurant and gym options. My go to spot for sure!”Devin S, Yelp.com verified resident, Turning Leaf

“…I was very impressed with the design, cleanliness and private setting. I highly recommend this facility for your short time stays! Oh, reasonably priced too!”Tim C, verified TripAdvisor.com resident, Turning Leaf

Management Accolades

Achievement in Excellence awards

Demographics and Tourism

Vibrant and eclectic. Approachable and comfortable. These point to the city’s motto: ‘near nature…near perfect’. Spokane has clean air, low cost of living, and high quality of life. Residents enjoy 260 sunny days a year, majestic mountains, no ski lift lines, 76 lakes, multiple golf courses, easy commutes, and a four-season climate. These attributes are earning Spokane national acclaim like no other mid-sized city in America. The enviable quality of life has attracted a thriving mix of medical facilities, military, high tech and manufacturing businesses along with a young, educated workforce to support them. The diverse workforce moving to the Spokane region are evidenced by• the apartment vacancy rate of 3.5%• an apartment market rent per unit increase of 3.8% over

last year• median single family home sale price increase of 40% since

October 2015• only 1.5 months of single family home inventory on hand.

Once a fly-over city, Spokane has been found out and has grown to be a literal breath of fresh air…Pacific Northwest air! The region is nestled against the Bitterroot mountain range in Eastern Washington State, surrounded by stunning evergreen forests, multiple ski resorts, and pristine mountain passes and …..a trout-filled river runs through it.

https://www.spokanecounty.org/31/Live-Visit-Playhttps://www.visitspokane.com/

Source: Trulia and CoStar Group

Spokane Metro

SPOKANE COUNTY, WASHINGTON STATE

SUMMARY

Demographics & the Draw 2018 Spokane County Demand Creators Permit Value

Amazon Fulfillment Center $181,000,000

EWU Science Center $50,300,000

Cheney High School addition $22,750,000

Spokane Comm College S Wing Renovation $20,000,000

Katerra $18,000,000

Spokane Public Facilities Renovation $17,645,000

Norther Heights Apts - 232 units $15,553,000

Winter Heights Apts - 120 units $15,058,000

Selkirk Middle School $14,768,000

Shiloh Hills Elementary modernization $14,200,000

Source: Spokane City and County Building Depts

0

0.5

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2.5

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2018 2017 2016 2015 2014

43.55

3.23 3.13 2.99

Mill

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f P

asse

nge

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Year

Spokane International Airport Arriving and Departing Passengers

38%

39%

16%7%

Optimistic

SomewhatOptimistic

Not VeryOptimistic

Not Optimistic atall

On Tuesday, Oct 23, 2018, Spokane Mayor Condon held a telephone town hall meeting to discuss multiple topics and solicit feedback from the public. One of the questions asked was:

“How Optimistic are you about Spokane’s Future?” 77% Optimistic!

Realtor.com, a Santa Clara, Calif.-based online research and real estate seller, ranks Spokane as 21st out of 300 metros nationwide on its list of Hottest Real Estate Markets for December 2018, with a “Hotness Index” rating of 86.79 out of a potential score of 100.

Spokane County also was ranked first out of all counties in Washington, with a Hotness Index of 94.64, out of 100, for the third quarter of 2018. The state’s most populous counties—King, Pierce, and Snohomish—had ratings in the mid to low 50s.

Demographics & the Draw

MORE DEMAND CREATORS….in 2019, the Airway Heights area has become a hotbed of development, with just under $500 million in new and ongoing construction occurring within two miles of Autumn Leaf Furnished Apartments, ALFA.Structures with a total of about 4.7 million square feet are planned and about 5,000 jobs are anticipated for the area -not including the planned expansion at Fairchild Air Force Base.

Autumn Leaf

1

1. Exotic Metals $60M 6. Marriot Hotel $10MM

2. North 40 Outfitter Retail $6M 7. Sleep Inn Hotel $6.2M

3. Bush Car Wash mixed use center $9.5M 8. LaQuinta Hotel $10M

4. Selkirk Pharaecutical Facility $30M 9. Kenworth Sales move $15M

5 Airway Heights Mini Storage $6.2M 10. Amazon Center $181MSource: spokanejournal.com

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Demographics & The Draw

2018 Spokane County

Total Population 514,631

Total Households 216,536

Median Gross Rent $942

Median Gross Rent, Spk Corp Housing $1,795

Median Household income $48,946

Persons under 5 years old 6.10%

Persons under 18 years old 22.20%

Persons over 65 years old 15.70%

Source: US Census Bureau & City Mayor's report, July 2018

Largest Private Sector Employers Employees

Providence Health Care 5,688

Kalispel Tribal Economic Authority 1,792

Gonzaga University & EWU 2,670

Walmart Stores, Inc 1,417

URM Stores, Inc 1,467

Mann-Grandstaff VA Medical Center 1,110

Multi Care Rockwood Clinic 1,155

Largest Government Employers

Fairchild Airforce Base 6,000

State of Washington 5,360

Source: Journal of Business Dec 2018

What makes a region a destination? It’s the draw of its amenities. When a place like the Spokane Region has it all, it's tough not to sing its praises. Blessed with a unique combination of outrageous outdoor attractions, incredible arts and delectable dining, and a historic past living seamlessly with a vibrant future, the Spokane region can boast with the best. From thrilling whitewater or downhill adventures, to inspiring art and powerful Broadway performances, the Spokane Washington Region offers enough activities to pack any vacation calendar.

Mountain ClimbingHigh Mountain Lake Hikes

Mountain BikingMotor SportsWater Sports

ATV recreation

Action SportsMuseums

Cultural CenterSpokane Civic Theatre

Coeur D’ Alene Summer TheatreInland Performing Arts Center

Magic Lantern TheatreMultiple Dance Venues

Poetry Reading

Arts and Performances Organized Sports

Winter SportsWater SportsFood & Drink

Natural AttractionsLeisure ActivitiesFish & WildlifeCamping/Guest Ranches

Horse Back RidingSilverwood Theme Park

Green Bluff/Blue Grass FestivalCentennial Biking Riding

Riverfront ParkLake-Side Reading

Golf/Casinos

Fly FishingSturgeon Fishing

Deer/Elk/Moose HuntingWaterfowl HuntingBass/Perch FishingWildlife Viewing

Little Spokane Natural AreaEagle Watching

Spokane Indians BaseballSpokane Chiefs Hockey

Collegiate SportsYouth Sports Leagues

Hub Sports CenterDwight Merkel Sports Complex

Largest Indoor Track West of MissEquestrian Competitions

Highest Per Capita RestaurantsMicro Breweries & Wineries

Arbor Crest Event CenterWinery Tours

Downtown Pub CrawlSpokane Peddle Party Trolley

Restaurant WeekFarmers Markets

Boating/Water SkiingJet Skiing

Cabin RentingLake/River Cruises

Fireworks on the LakeKayaking

Waterfall HikesLakes/Streams/Rivers abound

Downhill SkiingNordic Skiing/Snow Shoeing

Ice SkatingSnowmobiling

Ice FishingSleigh Rides

John A. Finch ArboretumPalouse FallsSpokane FallsPalisades Park

Nishinomiya Japanese GardenManito Park

Four Lakes Battle SiteTurnbull Wildlife Preserve

•Consistent cash flow with established & well-positioned business model in a favorable industry with momentum.•Year-over-year upward trend in gross sales and net operating income.•Passive investment with experienced management in place•Low employee turnover.•Low maintenance with recently renovated or recently built properties.•Positive Aparthotel & Airbnb market segment niche’ with further upside sales potential by increasing long-term resident occupancy •Affirming resident feedback and online reviews.•Growing region with upside potential as new companies move to the area and Fairchild AFB expands.•Real estate tax benefits and inflation resistant asset.•Brokers welcome. Properties available to be sold individually.•Please do not disturb employees or tenants.

Recap

Exclusive Contacts:Lee J. Carney, Principal509.919.1037 Cell | 509.448.0483 faxSend letter of intent to:Lee.Carney@MountainCapital-llc.comCompany website:SpokaneCorporateHousing.com

Robert RowleyCommercial Real Estate Advisor & Closer509.252.5074 | 509.928.3084 faxrob@rowleylegal.com

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