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12 UNIT MULTIFAMILY INVESTMENTSalt Lake County, Utah

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INVESTMENT DRIVERSWell below market rents offers the investor a great amount of upside

Large, desirable townhome style units with potential for 31% total returnLocated in the 2nd most populated city in Utah with strong rental demandConvenient to schools, shopping, outdoor recreation, major freeways & SLC AirportBuilt in 1983, no deferred maintenance, all units month to month leasesMinutes away from Amazon’s new $200M dollar facility and UPS’s $275M project bringing a combined estimate of nearly 1,700 Jobs to the area.

PROJECT X 8

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PROJECT X 8

!" #$♥ ⋆ ⋆ ( ) *+,-./012 3 4 5 6 78 9 : ; < ○>?@ A BC D E F G H IJK L MNO P Q R STUVWXYZ[\] ^ _ ` a b cd e f g h i j kl m n o p + − s t ? v w ○ ○○ { | }~�Ä Å + −* É ÑÖ Üáàâ äãåçéèêëíìîï|óòôöõúùû♥†° ¢£§•¶ß® © ™ ´ ¨≠ Æ Ø∞±≤≥¥µ∂∑∏π∫○○○○ø¿¡¬√ƒ≈∆«»… ÀÃ␣Œœ–— “ ” ‘’ ÷ ◊ ++⁄ € ‹ › fi fl ‡ · ‚ „ ‰  ÊÁËÈ Í Î ÏÌ ÓÔÒÚ ÛÙıˆ˜¯ ˘ ˙˚¸˝˛h ! ∠ ∠ ∠ ∠ ∠ ∠ ∠ ∠ *+ ,- ○␣ /01○345678 9:;<=>>⋆ @A B C ? D E F GHI J K L M N OP Q R S T U VW X ◎ … … \ ] ^ − − a b c d e f ☼h i j k l m n o p q r s t uvwxy z{| } ~ � ÄÅÇÉ Ñ Ö Üáà â ä ã å ♀ ♂ è☼ëíìîïñó ò ô○õ○ùû ü

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SITE PLAN

(1) - 4637 S. 4800 W., West Valley City

(2) - 4632 S. Arlington Park Drive, West Valley City

(3) - 4749 W. Arlington Park Drive, West Valley City

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venturemultifamily.com

PROJECT X 12

PROJECT X 8

!" #$♥ ⋆ ⋆ ( ) *+,-./012 3 4 5 6 78 9 : ; < ○>?@ A BC D E F G H IJK L MNO P Q R STUVWXYZ[\] ^ _ ` a b cd e f g h i j kl m n o p + − s t ? v w ○ ○○ { | }~�Ä Å + −* É ÑÖ Üáàâ äãåçéèêëíìîï|óòôöõúùû♥†° ¢£§•¶ß® © ™ ´ ¨≠ Æ Ø∞±≤≥¥µ∂∑∏π∫○○○○ø¿¡¬√ƒ≈∆«»… ÀÃ␣Œœ–— “ ” ‘’ ÷ ◊ ++⁄ € ‹ › fi fl ‡ · ‚ „ ‰  ÊÁËÈ Í Î ÏÌ ÓÔÒÚ ÛÙıˆ˜¯ ˘ ˙˚¸˝˛h ! ∠ ∠ ∠ ∠ ∠ ∠ ∠ ∠ *+ ,- ○␣ /01○345678 9:;<=>>⋆ @A B C ? D E F GHI J K L M N OP Q R S T U VW X ◎ … … \ ] ^ − − a b c d e f ☼h i j k l m n o p q r s t uvwxy z{| } ~ � ÄÅÇÉ Ñ Ö Üáà â ä ã å ♀ ♂ è☼ëíìîïñó ò ô○õ○ùû ü

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PROJECT X 8

!" #$♥ ⋆ ⋆ ( ) *+,-./012 3 4 5 6 78 9 : ; < ○>?@ A BC D E F G H IJK L MNO P Q R STUVWXYZ[\] ^ _ ` a b cd e f g h i j kl m n o p + − s t ? v w ○ ○○ { | }~�Ä Å + −* É ÑÖ Üáàâ äãåçéèêëíìîï|óòôöõúùû♥†° ¢£§•¶ß® © ™ ´ ¨≠ Æ Ø∞±≤≥¥µ∂∑∏π∫○○○○ø¿¡¬√ƒ≈∆«»… ÀÃ␣Œœ–— “ ” ‘’ ÷ ◊ ++⁄ € ‹ › fi fl ‡ · ‚ „ ‰  ÊÁËÈ Í Î ÏÌ ÓÔÒÚ ÛÙıˆ˜¯ ˘ ˙˚¸˝˛h ! ∠ ∠ ∠ ∠ ∠ ∠ ∠ ∠ *+ ,- ○␣ /01○345678 9:;<=>>⋆ @A B C ? D E F GHI J K L M N OP Q R S T U VW X ◎ … … \ ] ^ − − a b c d e f ☼h i j k l m n o p q r s t uvwxy z{| } ~ � ÄÅÇÉ Ñ Ö Üáà â ä ã å ♀ ♂ è☼ëíìîïñó ò ô○õ○ùû ü

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PROJECT X 12

PROJECT X 8

!" #$♥ ⋆ ⋆ ( ) *+,-./012 3 4 5 6 78 9 : ; < ○>?@ A BC D E F G H IJK L MNO P Q R STUVWXYZ[\] ^ _ ` a b cd e f g h i j kl m n o p + − s t ? v w ○ ○○ { | }~�Ä Å + −* É ÑÖ Üáàâ äãåçéèêëíìîï|óòôöõúùû♥†° ¢£§•¶ß® © ™ ´ ¨≠ Æ Ø∞±≤≥¥µ∂∑∏π∫○○○○ø¿¡¬√ƒ≈∆«»… ÀÃ␣Œœ–— “ ” ‘’ ÷ ◊ ++⁄ € ‹ › fi fl ‡ · ‚ „ ‰  ÊÁËÈ Í Î ÏÌ ÓÔÒÚ ÛÙıˆ˜¯ ˘ ˙˚¸˝˛h ! ∠ ∠ ∠ ∠ ∠ ∠ ∠ ∠ *+ ,- ○␣ /01○345678 9:;<=>>⋆ @A B C ? D E F GHI J K L M N OP Q R S T U VW X ◎ … … \ ] ^ − − a b c d e f ☼h i j k l m n o p q r s t uvwxy z{| } ~ � ÄÅÇÉ Ñ Ö Üáà â ä ã å ♀ ♂ è☼ëíìîïñó ò ô○õ○ùû ü

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TYPICAL INTERIOR PHOTOSOFFERINGPrice: $1,380,000

Down Payment: $276,000Price Per Unit: $115,000Price Per SF: $115.00

ASSETNumber of Units: 12

Year Built: 1983

Total Square Feet: 12,000 SF

Lot Size .65 Acres

Zoning RM / R-4

UNIT MIXUnit Type 2 Bed / 2 Bath

Square Feet Per Unit 1,000

Current Rent / SF / Month $0.72

Proforma 1 Rent / SF / Month $0.95Proforma 2 Rent / SF / Month $1.15Parking 1 Covered / 1 Uncovered Per Unit

PROPOSED NEW LOANLoan Type: First Trust Deed

Loan Amount: $1,104,000

Interest Rate: 4.25%

Annual Debt Service: $65,172

Monthly Payment: $5,431

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INCOME & EXPENSESTrailing 12 Months Proforma 1* Proforma 2**

Gross Potential Rent $103,170 $136,800 $165,600

Less: Vacancy 0% ($0.00) 3.0% ($4,104) 3.0% ($4,968)Effective Gross Income $103,170 $132,696 $160,623

Less: Property Taxes ($8,385) ($8,385) ($8,385)

Insurance ($1,853) ($1,853) ($1,853)Maintenance ($3,537) ($3,537) ($3,537)

Property Management (Self Managed) 5.0% ($6,648) 5.0% ($8032)

Water ($5,093) ($5,093) ($5,093)

Sewer ($288) ($288) ($288)

Trash ($909) ($909) ($909)Total Expenses 19.4% ($20,065) 20.1% ($26,713) 17.5% ($28,096)

Cap Rate, NOI 6.02% $83,105 7.68% $105,983 9.6% $132,536Less: Debt Service ($65,172) ($65,172) ($65,172)

Debt Coverage Ratio 1.28 1.63 2.03

Net Cash Flow (Yr 1) 6.50% $17,933 14.79% $40,811 24.41% $67,364

Principal Reduction $18,612 $18,612 $18,612Total Return (Yr 1) 13.24% $36,545 21.53% $59,423 31.15% $85,976

PROJECT X 8

!" #$♥ ⋆ ⋆ ( ) *+,-./012 3 4 5 6 78 9 : ; < ○>?@ A BC D E F G H IJK L MNO P Q R STUVWXYZ[\] ^ _ ` a b cd e f g h i j kl m n o p + − s t ? v w ○ ○○ { | }~�Ä Å + −* É ÑÖ Üáàâ äãåçéèêëíìîï|óòôöõúùû♥†° ¢£§•¶ß® © ™ ´ ¨≠ Æ Ø∞±≤≥¥µ∂∑∏π∫○○○○ø¿¡¬√ƒ≈∆«»… ÀÃ␣Œœ–— “ ” ‘’ ÷ ◊ ++⁄ € ‹ › fi fl ‡ · ‚ „ ‰  ÊÁËÈ Í Î ÏÌ ÓÔÒÚ ÛÙıˆ˜¯ ˘ ˙˚¸˝˛h ! ∠ ∠ ∠ ∠ ∠ ∠ ∠ ∠ *+ ,- ○␣ /01○345678 9:;<=>>⋆ @A B C ? D E F GHI J K L M N OP Q R S T U VW X ◎ … … \ ] ^ − − a b c d e f ☼h i j k l m n o p q r s t uvwxy z{| } ~ � ÄÅÇÉ Ñ Ö Üáà â ä ã å ♀ ♂ è☼ëíìîïñó ò ô○õ○ùû ü

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Notes:

*Proforma 1 **Proforma 2 -Management change only. -Light cosmetic renovation investing $4-5,000 per unit-Raise rents to current market at $0.95 per SF per Month. -Raise rents to current market at $1.15 per SF per Month.-Add 5% for professional property management. -Add 5% for professional property management. -Estimated time to implement: 1-2 months -Estimated time to implement: 3-4 months

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CAPITAL EXPENDITURESWater Heater Furnace Pressure Regulator Roof Windows Fence Irrigation Asphalt

4637 S. 4800 W. Unit #1 No Date 2013 2011 2007 2016 2007 2011 2012

Unit #2 2003 2002 2011 2007 2016 2007 2011 2012

Unit #3 2015 2011 2011 2007 2016 2007 2011 2012Unit #4 2010 2010 Original 2007 2016 2007 2011 2012

4632 S. Arlington Park DrUnit #1 2014 2011 2011 2011 2016 2013 2011 2012Unit #2 2007 2013 2011 2011 2016 2013 2011 2012Unit #3 2013 Newer 2011 2011 2016 2013 2011 2012Unit #4 2008 2013 2011 2011 2016 2013 2011 2012

4749 S. Arlington Park DrUnit #1 2015 2005 2013 2013 2016 2013 2013 2013Unit #2 2007 2013 2013 2013 2016 2013 2013 2013Unit #3 2009 2013 2013 2013 2016 2013 2013 2013Unit #4 2004 2013 2013 2013 2016 2013 2013 2013

PROJECT X 8

!" #$♥ ⋆ ⋆ ( ) *+,-./012 3 4 5 6 78 9 : ; < ○>?@ A BC D E F G H IJK L MNO P Q R STUVWXYZ[\] ^ _ ` a b cd e f g h i j kl m n o p + − s t ? v w ○ ○○ { | }~�Ä Å + −* É ÑÖ Üáàâ äãåçéèêëíìîï|óòôöõúùû♥†° ¢£§•¶ß® © ™ ´ ¨≠ Æ Ø∞±≤≥¥µ∂∑∏π∫○○○○ø¿¡¬√ƒ≈∆«»… ÀÃ␣Œœ–— “ ” ‘’ ÷ ◊ ++⁄ € ‹ › fi fl ‡ · ‚ „ ‰  ÊÁËÈ Í Î ÏÌ ÓÔÒÚ ÛÙıˆ˜¯ ˘ ˙˚¸˝˛h ! ∠ ∠ ∠ ∠ ∠ ∠ ∠ ∠ *+ ,- ○␣ /01○345678 9:;<=>>⋆ @A B C ? D E F GHI J K L M N OP Q R S T U VW X ◎ … … \ ] ^ − − a b c d e f ☼h i j k l m n o p q r s t uvwxy z{| } ~ � ÄÅÇÉ Ñ Ö Üáà â ä ã å ♀ ♂ è☼ëíìîïñó ò ô○õ○ùû ü

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PROJECT X 12

CONTACTJereme Thaxton, AICP, LEED AP / Managing Principalc: 801.998.8933 / o: 801.326-8915 jthaxton@venturemultifamily.com

Venture Multifamily Advisors KW Salt Lake City, Keller Williams Real Estate2121 S. McClelland St #201Salt Lake City UT 84106

Katie Roberts / Advisorc: 801.455.6925 / o: 801.326-8826 kroberts@venturemultifamily.com