Lauderdale Value-Add

PORTFOLIOOffering Summary

PROPERTY SUMMARY – Cortleigh Apartments

Street Address: 2100 NE 33rd Avenue

City, State, Zip: Fort Lauderdale, Florida 33305

Submarket: Lauderdale Beach

Year Built: 1953

Units: 22

Site Size (SF): 21,971 SF

Site Size (Acres): 0.50 Acres

Average Unit Size: 650 SF

Rentable Multi-Housing SF: 14,310 SF

PROPERTY SUMMARY – 3030 Harbor Apartments

Street Address: 3030 Harbor Drive

City, State, Zip: Fort Lauderdale, Florida 33316

Submarket: Las Olas Beach

Year Built: 1966

Units: 35

Site Size (SF): 17,167 SF

Site Size (Acres): 0.39 Acres

Average Unit Size: 715 SF

Rentable Multi-Housing SF: 25,014 SF

CONSOLIDATED UNIT MIX

Unit Type Unit Count

Studio/Efficiency 4

1 Bedroom / 1 Bath 19

1 Bedroom / 1 Bath (Communal)* 26

2 Bedroom / 1 Bath 2

2 Bedroom / 2 Bath 2

Studio/Efficiency 2

Penthouse 2

Total 57*Communal 1-bedroom’s have shared kitchens.

Jones Lang Lasalle (“JLL”) is pleased to exclusively offer the rare opportunity to acquire a

two-property, value-add, multi-housing portfolio located in Fort Lauderdale, Florida,

Broward County. Totaling 57 units, both communities have undergone moderate

renovations, demonstrating tremendous upside potential through further interior/exterior

upgrades.

Both properties are located in excellent submarkets near large employment centers, world

class retail, desirable dining and entertainment destinations, and less than a 5-minute walk

to the beach. Residents also benefit from easy access to nearby expressways providing for

short commutes to their respective downtown and top suburban employment corridors.

PLEASE NOTE: Both assets may be acquired either together as a portfolio or individually.

Unmatched location just steps away from Fort Lauderdale’spristine shoreline and close proximity to the Fort LauderdaleCBD and International Airport.

One-mile radial average household income for both Cortleighand 3030 Harbor Apartments currently stand at nearly$150,000 and $190,000, respectively, outperforming BrowardCounty’s average of $91,500.

Both properties are located just minutes away fromDowntown Fort Lauderdale and an array of prominententertainment, nightlife and shopping destinations, fine diningoptions and necessity retail.

Average rents within the Fort Lauderdale MSA continue toclimb, having increased by nearly 4.5 percent since 4Q14 tostand at $1,875 as of 4Q19.

Incredible opportunity for an investor to achieve additionalincome growth through continued interior and exteriorupgrades. Both assets’ superb positioning within the rapidlygrowing city of Fort Lauderdale and almost immediate accessto the beach further enhances their upside potential.

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Any opinion or estimate of value of any asset in this presentation is based upon the high-level preliminary review by JLL. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the

Uniform Standards of Professional Appraisal Practice. JLL expressly disclaims any liability for any reliance on any opinion or estimate of value in this presentation by any party.