Club Caribe

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CLUB CARIBECONDOMINIUM

5500 NW 61st StreetCoconut Creek, FL

BULK/ INDEVIDUAL SALE

MULTIFAMILYINVESTMENTOPPORTUNITY

144 AVAILABLE UNITS WITHIN A

377 UNIT COMMUNITY

By RAMOT PROPERTIES 786-877-0765

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CONTENTS

DIRECTION OF POINT OF INTEREST

INVESTEMENT HIGHTLIGHTS

PROPERTY OVERVIEW

SITE PLAN

FLOOR PLAN

FINANCIAL ANALYSIS

RENTAL MARKET OVERVIEW

RENT COMPARABLES

AREA OVERVIEW

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LOCATION / POINT OF INTEREST SHOPPING1 Margate City Center2 Downtown Coral Springs Project3 Coral Square Mall4 MainStreet Coconut Creek Project5 Pompano Citi Center6 The Galleria Mall7 Broward Mall8 Sawgrass Mills Mall9 IKEA10 Town Center Mall11 Mizner Park

ENTERTAINMENT12 Bank Atlantic Center13 Broward Center for the Performance Arts14 Seminole Casino - Coconut Creek15 The Isle at Pompano Park16 Hard Rock Hotel & Casino17 Beach Place18 Las Olas District19 Boca Raton Resort

PARKS20 Tradewinds Park21 Quiet Waters Park22 Markham Park23 Hugh Taylor Birch State Park24 John U. Lloyd Beach State Park

HEALTH CARE25 University Hospital26 Florida Medical Center27 N. Broward Medical Center28 Broward General Hospital29 West Boca Community Hospital30 Cleveland Clinic Florida

EDUCATION /EMPLOYMENT CENTERS31 Sawgrass Corporate Park32 Cypress Creek Office Market33 Downtown Ft. Lauderdale34 T-Rex Corporate Park35 Nova University /Broward Community College36 Florida Atlantic University37 Lynn University

CLUB CARIBECONDOMINIUM

5500 NW 61st Street, Coconut Creek, FL 33073

Directions:From I-95 or Florida’s Turnpike:Exit at the Sawgrass Expressway. Go west to the 2nd exit, 441 North.Follow for ½ mile to NW 61st Street. Club Caribe is on your right.

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INVESTMENT HIGHLIGHTS Club Caribe Offers an opportunity to purchase 144 condominium units in a Class “A” 377-unit garden condominium community located in the rapidly growing city of coconut creek in northwestern Broward county. The l17 acres property is highly maintained and equipped with the latest amenities. Club Caribe represent an excellent opportunity to purchase at well below replacement costs.

• The Club Caribe property consist of superior construction quality built in 2000 and converted to condos in 2005. The property consist of 14 garden style three story buildings , Gated community with amenities, plenty of parking and large size units.

• In 2005 the converter implemented an improvement program to both the exterior and the interior of the property. Select units have been upgraded with new appliances and carpet, new tile flooring, granite countertops, new light fixtures and kitchen/bathroom upgrades.

• The condominium converter sold and closed 233 units between 2006-2008 at an average price of $170,000 for 1 Bed and $280,000 for 2 Bed. An investor may choose to continue the sellout process by offering discounted retail prices to achieve significant profit.

• The remaining 144 units at Club Caribe are currently 95% occupied and offering rent at $1.06/square foot, reflecting strong demand for rental housing in the area. The strong rental performance gives an investor the option to continue the leasing operation and earn immediate cash flow, while allowing for condominium sales in the future upon improving for- sale market condition.

• Club Caribe is located within one mile of the newly opened The Promenade at Coconut Creek mixed-use development, a 23-acre mixed-use project and the first project to be constructed within the newly designated Downtown District of the City of Coconut Creek. The complex will feature approximately 200,000 square feet of upscale retail and 80,000 square feet of Class “A” office space. The center is expected to receive LEED certification, designating it as one of the first major developments in the Southeast U.S. to meet high standards for environmentally-responsible design.

• The Seminole Tribe has plans to replace its existing Coconut Creek Casino, located just two miles west of Club Caribe, with a sprawling, hotel-gambling complex far more luxurious than its Hard Rock Hotel & Casino in Hollywood. Initial plans call for a 24-story hotel with 1,500 rooms, a spa.

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INVESTMENT HIGHLIGHTS

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PROPERTY OVERVIEW

Property: Club CaribeAddress: 5500 NW 61st Street Coconut Creek, FL 33073

Year Built: Year Built: 2000Number of

Units: 144 available units within a 377-unit communitySite Area: 17+ acres

Density: 8.4 units/acreSold Units: 233 sold units

Average Sale Price: $270,415 average price of sold units (2 Bed)

Total Rentable Area: 133,587± rentable square feet (unsold units only)

Average unit size: 935+ A/C square feetPrice: $50,000- $75,000

Offers: All CashTerms: All cash

* Owner and Broker make no representation as to the actual square footage of any units. Prospective purchasers are encouraged to independently confirm the measurement of all units.

BED/ BATHS

UNIT MODEL

A/C SQ. FT. *

GROSS SQ. FT. *

No. OF UNITS

SALE PRICE2006

AVG. SALE PRICE

1/1 Antigua 800 846 62 $170,000 $56,0002/1 Barbados 945 1,015 40 $270,000 $65,0002/2 Curacao 1,075 1,130 42 $280,000 $75,000

BED/ BATHS

UNIT MODEL

No. OF UNITS

% OFTOTAL

A/C SQ. FT. *

GROSS SQ. FT. *

BASE MARKET RENT/

MONTH SQ. FT.

1/1 Antigua 62 43% 800 846 $850 $1 .062/1 Barbados 40 27% 945 1,015 $950 $1.00 2/2 Curacao 42 30% 1,075 1,130 $1,050 $0.97

UNIT MIX: (Unsold Units)

* Owner and Broker make no representation as to the actual square footage of any units. Prospective purchasers are encouraged to independently confirm the measurement of all units.

STRUCTURAL DETAIL

UTILITIES/MECHANICAL SYSTEM

Style: Garden Buildings: 14 buildings three-story apartment buildings

Construction:

Concrete Block construction with Hambro Floor Joist System – sound-insulated, noncombustible concrete construction using steel joists for durability

Windows/Doors:Energy-efficient solar bronze tinted glass throughout; metal-clad insulated front door with dead-bolt lock and eye viewer

Roofs: Cement tile roofs. Plumbing: Copper and PVC

Electricity: Provided by Florida Power & LightWater/Sewer: Provided by City of Coconut Creek.

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COMMUNITIY AMENITIES:

• Secure Gated community• Resort pool with tropical waterfall• Two tennis courts• Tropical landscaping• Clubhouse/fitness center

• Car Care center• Playground

SITE CHARACTERISTICS

SELECT UNIT FEATURES:

• Fully Equipped Modern Kitchen

• Wall to Wall carpet• Washer/dryers• Ceramic tile in Kitchen and

Baths

• Room-sized screened and Large size terraces in the units

• Vaulted Ceilings• Abundant closet space• Controlled central air/heat• Ceiling fans in Master Bed

and Living room

SITE CHARACTERISTICS

LocationLocated northeast of the Coral Tree Circle/Sample Road intersection, bordered by Tradewinds Park to the east

Access Entrance along NW 61 Street

VisibilityDrive-by visibility from the Sawgrass Expressway and State Road 441

LandscapingThe property consists of lush tropical landscaping

LightingSite illumination is provided by building mounted fixtures and light poles positioned throughout the grounds and parking areas

Parking727 total parking spaces (372 assigned, 355 guest)

Parking Ratio 1.95 spaces per unit

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FLOOR PLANS

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FINANCIAL ANALYSIS

UNIT TYPE

No. OF UNITS

SQUARE FEET

RENT RENT/ SF

HOA/ MONTH***

RE TAXES/MONTH***

YEARLY INCOME

YEARLY EXPENSES

NOI

1/1 62 846 $850 $1.06$169

$140 $10,200 $3,708 $6,492

2/1 40 1015 $950 $1.00$200

$165 $11,400 $4,380 $7,020

2/2 42 $1130 $1050 $0.97$228

$180 $12,600 $4,896 $7,704

UNIT TYPE PRICE RANGE AVERAGE

NOI*ANNUAL YEILD

1/1 $50K-$56K $6,492 12.9%-11.5%

2/1 $56K-$66k $7,020 12.5%-10.6%

2/2 $66K-$75k $7,704 11.6%-10.2%

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Club Caribe is located in the city of Coconut Creek in north Broward County, approximately 15 minutes northwest of downtown Ft. Lauderdale. The Coconut Creek/Coral Springs rental apartment submarket consists primarily of garden properties, the majority of which were built in the 1980s and 1990s. The following analysis provides a general overview ofthe rental apartment market in Broward County and Olivine’s immediate submarket.

Apartment Supply

• Broward County’s total apartment supply consists of 134,490 units that are evenly distributed throughout the southern, central and northern regions of the county.

• Apartment deliveries in Broward County are negligible with only 440 new units completed in 2008, a 73% decrease from the prior five-year average of 1,640 units per year. No new rental units are projected to be delivered in the Coral Springs/Coconut Creek submarket in 2009. This trend is evidence of the high barriers to entry including the lack of available financing and limited vacant land to construct new rental communities.

• Since 2003, approximately 24,000 units have been converted to condominiums in Broward County. The county’s inventory has declined by an average of 2.8% over the past five years, easily outweighing the supply of newly developed rental units.

• The Coral Springs/Coconut Creek apartment submarket

consists of approximately 20,215 units, making up 15% of the county’s total inventory.

• Over the past several years, permit issuance has declined for both multifamily and single-family product. This trend is evidence that land is both scarce and expensive, as developers are having difficulties assembling parcels large enough to construct a multifamily or single-family home development. This barrier to entry greatly benefits existing multifamily properties as new deliveries will remain minimal.


15%

10%

22%

22%

16%

15%

Broward County Apartment Units by Area

HollywoodPembroke Pines/Mi-ramarFort LauderdaleWest Central Broward CountyPompano Beach/Deerfield BeachCoral Springs

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Occupancy

• As of the 3rd quarter 2008, apartment occupancy levels in Broward County averaged 93.5% for all submarkets. The Coral Springs/Coconut Creek submarket averaged 93.8%, representing the second highest occupancy in Broward County and the fifth strongest submarket occupancy in all of South Florida, including Miami-Dade and Palm Beach counties.

Occupancy

• As of the 3rd quarter 2008, apartment occupancy levels in Broward County averaged 93.5% for all submarkets. The Coral Springs/Coconut Creek submarket averaged 93.8%, representing the second highest occupancy in Broward County and the fifth strongest submarket occupancy in all of South Florida, including Miami-Dade and Palm Beach counties.

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Broward County Apartment Occupancy by Submarket

Broward County Apartment Oc-cupancy by Submarket

Occupancy

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Source: UF Bureau of Economic and Business Research

Broward Co. Permit Activity 1996-YTD Oct. 2008

YEAR SINGLE FAMILY % CHANGE MULTI FAMILY % CHANGE TOTAL

1996 9,548 17% 4,612 3% 14,1601997 -7,481 22% 5,352 16% 12,8331998 8,753 17% 3,327 -38% 12,0801999 8,574 -2% 3,210 -4% 11,7842000 9,148 7% 2,559 -20% 11,7072001 8,276 -10% 2,492 -3% 10,7682002 5,179 -37% 6,125 146% 11,3042003 3,931 -24% 4,432 -28% 8,3632004 4,811 22% 3,980 -10% 8,7912005 3,609 -25% 3,342 -16% 6,9512006 3,550 -2% 3,166 -5% 6,7162007 1,754 -51% 2,179 -31% 3,933

Oct-08 Ann. 1,036 -41% 1,402 -36% 2,437

Rents

• In reaction to the limited number of new multifamily deliveries and a shrinking supply of apartments, Broward County and the Coral Springs submarket experienced rapid rent growth between 2005 and 2006.

• Despite a recent shock in supply as a result of planned condominium conversions reverting back to rentals, year-over-year rents as of 3rd quarter 2008 showed a 0.5% increase in Broward County.

• The long-term effects of negligible new rental deliveries, the conversion of thousands of rental units to condominiums, “for sale” affordability issues and major employment centers in the area are all positive for the apartment market and will provide an excellent foundation for long term rent growth throughout the County and particularly the Coral

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RENT COMPARABLES

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RENT COMPARABLES

Apartment Realty Advisors has surveyed several apartment properties in the surrounding area. In this survey, each property was analyzed and rent adjustments were applied to reflect differing rent structures (e.g. concessions, washer/dryers, resident-paid utilities and garages).The analysis of the adjustments can be viewed in detail within the following section.

COMPETITIVE MARKET SURVEY# PROPERTY ADDRESS

YEAR BUILT

# OF UNITS

TOTAL NRA

AVG SQ FT

MARKET RENT

MARKET RENT PSF

OCC.

SClub Caribe 5500 NW 61st Street

2000 144133,00

0935 $950 $1.061 95%

1 CYPRESS SHORES 1901 Lyons Road 1991 300

317,444

1,058

$1,054 $1.00 90%

2 BLUE ISLE 5100 Sample Road 1988 340

333,820

982 $1,086 $1.11 92%

3FISHERMAN'S LANDING 4854 Fisherman’s Drive

1985 268228,30

0852 $1,043 $1.22 91%

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RENT COMPARABLES

Unit Mix

Community AmenitiesGated community, Clubhouse, Tennis court(s), Bocci, Swimming pool(s), Fitness center, playground, Jacuzzi/Whirlpool, Car Care, Sand volleyball courtInterior FeaturesWasher/dryer, Vaulted ceiling in select units, Disposal, , Dishwasher, Walk-in closets, Carpet, Patio/balcony Concessions/Specials2 Months free rent with a 12 month lease

UNIT TYPE# OF UNITS

AVG SF

MARKET RENT PERTOTAL

SFMONTH SF

1 BEDROOM / 1 BATHROOM 62 800 $850 $1.06 49,600


2 BEDROOM / 2 BATHROOM 42 1,075 $1,050 $0.97 45,150

Totals/Averages 144 940 $950 $1.01 132,50

0

Club Caribe Coconut Creek, FL

33073

SURVEY DATE Nov-09

# OF UNITS 144

NRA 133,000

YEAR BUILT 2000

OCCUPANCY 95%

RENT/UNIT $950

RENT PSF $1.06

Unit Mix

Community AmenitiesBasketball court(s), Sauna, Shuffleboards, Clubhouse, Tennis court(s), Bocci, Swimming pool(s), Billiards, Fitness center, layground, Indoor racquetball court(s), Jacuzzi/Whirlpool, Volleyball court(s), Golf driving netInterior FeaturesWasher/dryer, Vaulted ceiling in select units, Disposal, Lake views, Dishwasher, Walk-in closets, Carpet, Patio/balcony Water paid by Resident, Electric paid by ResidentConcessions/Specials2 Months free with a 12-month lease

UNIT TYPE# OF UNITS

AVG SF


SFMONTH SF

1 BEDROOM / 1 BATHROOM 96 848 $915$1.0

881,408

2 BEDROOM / 1 BATHROOM 44 1009 $965$0.9

6 44,396

2 BEDROOM / 2 BATHROOM 100 1086 $1,087$1.0

0 108,60

0

Totals/Averages 300 1058 $1054$1.0

0 251,72

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Cypress Shores1901 Lyons Road Coconut Creek

33063

SURVEY DATE 8-Dec

# OF UNITS 300

NRA 317,444

YEAR BUILT 1991

OCCUPANCY 90%

RENT/UNIT $1054

RENT PSF $1.00

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RENT COMPARABLES

Unit Mix

Community AmenitiesCar wash area, Laundry Facility, Business Center, Club House, Swimming pool, Jacuzzi, Fitness center, Racquetball courtInterior FeaturesWasher/dryer, High speed internet, Disposal, Lake views, Dishwasher, Walk-in closets, Carpet, Patio/balcony Concessions/Specials$100 off per month plus one Month free with a 12-month lease

UNIT TYPE# OF UNITS

AVG SF


SFMONTH SF

1 BEDROOM / 1 BATHROOM 156 775 $950 $1.23120,90

0


2 BEDROOM / 2 BATHROOM 144 1,180 $1,215 $1.03169,92

0

Totals/Averages 340 982 $1086 $1.11333,82

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Blue Isle5100 Sample Road

Coconut Creek, FL 33073

SURVEY DATE 8-Dec

# OF UNITS 340

NRA 333,820

YEAR BUILT 1988

OCCUPANCY 92%

RENT/UNIT $1,086

RENT PSF $1.11

Unit Mix

Community AmenitiesBasketball court(s), Sauna, Shuffleboards, Clubhouse, Tennis court(s), Bocci, Swimming pool(s), Billiards, Fitness center, layground, Indoor racquetball court(s), Jacuzzi/Whirlpool, Car wash areaInterior FeaturesWasher/dryer, Vaulted ceiling in select units, Disposal, Lake views, Dishwasher, Walk-in closets, Carpet, Patio/balcony Concessions/SpecialsReduce rent 1Bed - $825, and 1 month free rent for 2 Bed with a 12- month lease

UNIT TYPE# OF UNITS

AVG SF


SFMONTH SF


2 BEDROOM / 2 BATHROOM 130 950 $1,130 $1.09 123,50

0


Totals/Averages 268 852 $1043 $1.16 228,30

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Fisherman’s Landing4854 Fisherman's Drive

Coconut Creek, FL 33063

SURVEY DATE 8-Dec

# OF UNITS 268

NRA 228,300

YEAR BUILT 1985

OCCUPANCY 91%

RENT/UNIT $1043

RENT PSF $1.22

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AREA OVERVIEW

Club Caribe is located in the heart of Coconut Creek in the northwest quadrant of Broward County. The city encompasses 11.3 square miles of land with proximity to the Everglades and the Atlantic Coast. Incorporated in 1967, Coconut Creek is one of Broward County’s newest and fastest growing communities in terms of resident population and employment. Coconut Creek is known as the “Butterfly Capital of the World” and has been recognized as home to the world’s largest butterfly habitat. The environmentally oriented city consists of well-maintained wetlands, woodlands and fields, creating an ideal suburban lifestyle for its residents and businesses.

DOWNTOWN COCONUT CREEK

In December 2004, the City Commission adopted the MainStreet Design Standards document, which establishes the vision for a mixed-use, downtown development in the center of the city. The development area, bound by Wiles Road to the north, Lyons Road to the east, Sample Road to the south and State Road 7 to the west, is designed to promote the development of a pedestrian oriented, mixed-use community, organized around substantial, centralized and contiguous recreational open

space. When completed, the MainStreet district is planned to contain over one million square feet of commercial development, 2,700 residential units, 1,300 hotel rooms, 300,000 square feet of community facilities, large open space, recreational components and 15 acres of conservation land. Below are some of the more notable developments in the new Downtown district:

• The Promenade at Coconut Creek (Stanbery Development) – a newly opened, 23-acre mixed-use project and the first project to be constructed within the newly designated Downtown District of the City of Coconut Creek. The complex will feature approximately 200,000 square feet of upscale retail and 80,000 square feet of Class “A” office space at build-out. The center, located at the southwest corner of Lyons Road and Wiles Road, is expected to receive LEED certification, designating it as one of the first major developments in the Southeast U.S. to meet high standards for environmentally-responsible design. Olivine is located within one mile of the complex.

• The Village at Marbella - A proposed, 19-acre, mixed-use development located along Sample Road. The proposed project is to include 297,500 square feet of office and retail, a 150-room hotel and 764 residences.

• The Seminole Tribe has plans to replace its existing Coconut Creek Casino, located just two miles west of Olivine, with a prowling, hotel-gambling complex far more luxurious than its Hard Rock Hotel & Casino in Hollywood. Initial plans calls for a 24-story hotel with 1,500 rooms, a spa, parking garages and 150,000 square feet of retail space. The tribe says the project will create hundreds of construction jobs and employ 5,000 people full time.

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POPULATION

According to Claritas, Inc., the 2008 population within a three-mile radius of Club Caribe is 102,791, representing an increase of 13% since 2000. Furthermore, the population is expected to reach 109,836 by the year 2013, an increase of 7% in only five years.

The median age within a five-mile radius of Club Caribe is 39.9, with 46% of the area population between the ages of 21 and 54 years, reflecting a young working age population. Approximately 75% of the population is employed in a management, business, sales/office or professional capacity, which reflects an educated and highly skilled work force. Furthermore, the average commute time to work for 60% of those people living within a one-mile radius of the property is less than 30 minutes, reflecting the property’s proximity to employment centers.

Demographic Information

INCOME AND HOUSING

According to Claritas Inc., the average household income within a three-mile radius of Olivine is estimated at nearly $70,000. Within five miles of the property, there are over 142,000 occupied housing units, of which 29% are renter occupied. One-person households comprise 29% of the total households, while 34% are two-person households.

The median property value within a three-mile radius of the property is $258,169, 20% higher than Florida’s overall median property value of $215,593. These higher than average home values support the demand for luxury rental product in the area.

EMPLOYMENT

South Florida is the seventh largest metropolitan statistical area (MSA) in the nation with roughly one-third of Florida’s total population. The Miami-Fort Lauderdale-Miami Beach metro was ranked #5 in the nation on the “Kauffman Index of Entrepreneurial Activity” in May 2008, an annual study that measures business startup activity across the United States. Also, theFort Lauderdale MSA was one of the top 100 cities in the U.S. to “Live and Launch a Business” according to the 2008 CNN Money and Fortune Small Business (FSB) Report.

Coconut Creek lies at the heart of South Florida’s Internet Coast, in the Miami-Dade, Broward and Palm Beach tri-county area. Access to major South Florida centers of employment is extremely convenient due to the city’s direct access to major transportation networks including Florida’s Turnpike and Sawgrass Expressway, as well as to I-95, which provides access to Port Everglades and the Fort Lauderdale International Airport. Significant centers of employment proximate to Olivine are summarized below:

1 Mile Radius

3 Mile Radius

5 Mile Radius

2008 Estimated Population 9,158 102,791 356,2172013 Projected Population 9,671 109,836 371,5252008 Estimated Households 4,134 41,766 142,0852013 Projected Households 4,239 43,686 145,882Renter Occupied 29.60% 24.50% 29.00%2008 Estimated Median Age 42.6 40.1 39.92008 Est. Average HH Income $65,673 $69,484 $65,943 2008 Median Property Value $236,845 $258,169 $243,969

AREA OVERVIEW

Source: 2008 Claritas

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• The Sawgrass Mills Regional Mall, one of Florida’s largest malls and the as First Data Merchant Services and the Coral Springs Medical Center. The submarket includes the 490-acre Corporate Park of Coral Springs and contains the new Downtown Coral Springs mixed-use development.

• The Cypress Creek Office Market is one of the largest office submarkets in Broward County with 4.9 million square feet of office space. In 2005, Bank Atlantic moved its headquarters to a new 180,000-square-foot facility within Cypress Creek. Other major companies within the area include Interealty Corporation, Kaplan University and Citrix Systems.

• The Downtown Fort Lauderdale CBD, consisting of 5.5 million square feet of office space, is the largest office market in Broward County. Located 15 minutes south, major employers include Broward County Government and School Board, the Federal Courthouse, Sun-Sentinel, AutoNation, Franklin Templeton, Merrill Lynch, Colonial Bank, and numerous other law and financial firms.

• Boca Raton is home to one of Florida’s most vibrant employment centers and is located 15 minutes north. This premier employment market boasts in excess of 100 office buildings comprising ten million square feet of office space. The city possesses one of the largest concentrations of employment in Florida.

• Northwest Medical Center is a fully-accredited hospital staffed by more than 800 employees and 600 physicians. Northwest offers comprehensive, leading-edge treatment for every stage of life from obstetrics to geriatrics. The hospital is located five minutes southwest of Olivine.

• The Plantation Office Submarket consists of nearly

four million square feet of office space. This expanding office market is the home of major employers including American Express, DHL and Plantation General Hospital.

• The Sawgrass Corporate Market consists of 2.4 million square feet of office space and various office parks including Sawgrass International Corporate Park and Sawgrass Technology Park. Major employers in this market include ABN AMRO Mortgage Group, Motorola, Nortel Networks and First American Real Estate Solutions.

Additional significant centers of employment in the surrounding area and their proximity to Olivine are summarized below.

• Boca Corporate Center and Campus (1.8 million rentable square feet of Class “A” technological space) – 15 minutes north.

• Office Depot New Headquarters (625,000-square-foot facility sits on 28) – 20 minutes north of Olivine.

• The $600 million Scripps Research Institute project - 50 minutes north.

• West Boca Medical Center (a 185-bed acute care hospital with about 500 physicians and over 800 total employees) – 10 minutes north.

SHOPPING

The location of Olivine at the Township is convenient to all types of shopping. Notable retail facilities in the immediate area are summarized below:

• The Coral Square Mall is located approximately five miles southwest. The mall contains nearly 950,000 square feet and over 120 specialty stores

AREA OVERVIEW

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and eateries. Major tenants includeMacy’s, Dillard’s, JCPenney and Sears.

• The Sawgrass Mills Regional Mall, one of Florida’s largest malls and the second leading tourist attraction, is located 20 minutes to the southwest. The mall features 2.7 million squar feet of retail space and attracts over 25 million visitors each year to the area from the U.S., Latin America, the Caribbean and Europe.

• The Colonnade Outlets at Sawgrass is an open-air promenade mall adjacent to Sawgrass Mills featuring Mediterranean architecture, fountains and plazas. Stores include Neiman Marcus Last Call Clearance Center, Coach Factory, Miss Sixty Energie and Salvatore Ferragamo Company Store, in addition to a Grand Lux Café and many other luxury outlets.

• The Boca Raton Town Center Mall, anchored by Saks Fifth Avenue, Nordstrom, Bloomingdale’s, Macy’s and Sears, is located 10 miles to the north.

• Pompano Citi Centre (formerly Pompano Fashion Square Mall), a 972,000-square-foot retail center, is located 10 minutes east and features major tenants including Macy’s, Sears, JCPenney and Lowe’s Home Improvement.

ACCESS/TRANSPORTATION

• Florida’s Turnpike is located less than two miles east of the property with access via Sample Road. This toll road extends north/south throughout most of the state and is one of the primary commuter highways serving South Florida.

• Sawgrass Expressway, located approximately two miles north, has been referred to as the catalyst that

has driven South Florida’s real estate development in western Broward County. The expressway runs north/south in western Broward County from its southern terminus point (I-595 and I-75) to northwestern Coral Springs where it turns into an east/west expressway traversing part of northern Broward County and becomes Southwest 10th Street east at Powerline Road.

• I-95, located less than four miles to the east via Sample Road, is Florida’s largest interstate highway and provides direct access to points throughout the eastern portion of the state of Florida.

• U.S. Highway 441 (State Road 7), located 1.5 miles east of the property, is a major commercial north/south artery extending from the eastern portion of South Florida through several southeastern states including Georgia, North Carolina and Tennessee.

• Fort Lauderdale International Airport is the primary airport serving residents of all of Broward County. This airport is located 20 miles southeast and represents a driving time of 25 minutes.

PARKS AND RECREATION

• Trade winds Park, one of Broward County’s largest parks at almost 600 acres, is adjacent to Olivine. The park consists of batting cages, an 18-hole disc golf course, lake for fishing, boat/sports equipment rentals and soccer, football and softball fields. The park includes Butterfly World, the first and largest butterfly house in the United States. Over 5,000 butterflies enjoy a natural rain forest environment, complete with flowers, trees, a waterfall, a cave and a cooling tropical mist. The park also includes the Trade winds Stable, which provides hourly guided rides, pony rides and equestrian programs to the public.

AREA OVERVIEW

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• The new Coconut Creek Community Center is a state-of-the-art $6 million project that features a 35,000-square-foot building with a gymnasium, meeting rooms and lounges, outdoor pavilions, a dog park, skate park, playground, sports court and boat docks on the canal and lake.

• Quiet Waters Park is a 427-acre expansive playground for families and includes five lakes, miniature golf, camp sites, swimming, bike trails, fishing, water skiing tow ropes and picnic areas. The park is also home to the popular South Florida Renaissance Festival.

• Bank Atlantic Center, home of the Florida Panthers professional hockey team, is located in the city of Sunrise, representing a 20-minute drive southwest. This facility also hosts numerous concerts and community events during the year.

• The Seminole Hard Rock Hotel and Casino, located less than 20 miles south, features a 130,000-square-foot casino, 300,000-square-foot entertainment area, shops, restaurants and a spa. The casino is estimated to employ close to 1,500 people.

• Dolphin Stadium, with 75,000 seats, houses the Miami Dolphins football team and the Florida Marlins baseball team. Numerous concerts and special events are held here throughout the year with the 2010 NFL Super Bowl scheduled to be played at the facility. The stadium is located 35 minutes to the south.

SUMMARY

Coconut Creek is one of South Florida’s growing and desirable communities. It has experienced dramatic growth in the last ten years and is expected to continue to grow through future development of employment centers and its downtown area. Residents of Coconut Creek are relatively young and the city contains a highly skilled workforce. Coconut Creek exhibits excellent municipal planning and provides residents with all the amenities and support facilities necessary to make it a self-sufficient community. The Township community, within Coconut Creek, offers its residents a lifestyle rivaling the most upscale developments in South Florida. The Township’s exceptional resort-style amenity package makes the community desirable to diverse market segments including young professionals, baby-boomers, “snow birds” and families. These features, combined with superb transportation networks, will continue to drive rental demand in Coconut Creek and northwestern Broward County.

AREA OVERVIEW

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For More Information:

Rodie Ben-Simon

US: +1.786.877.0765

Israel: 03.901.0812

[email protected]

www.ramotproperties.com

Club Caribe

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