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STUART AND ASSOCIATES Planning . Development . Real Estate . Investment Comprehensive professional planning services implemented by the integration of knowledge-based land use, regulatory, financial, development and operational considerations. $ P O U F O U 3 F T U S V D U V S F Intelligent Analysis GREGSTUART Permit Strategy & Execution / F H P U J B U F Manage GREGSTUART 239.677.6126 [email protected] www.stuarturbandesign.com

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STUART AND ASSOCIATESPlanning . Development . Real Estate . Investment

C o m p r e h e n s i v e professional planning services implemented by the integration of knowledge-based land u s e , r e g u l a t o r y , financial, development a n d o p e r a t i o n a l considerations.

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GREGSTUART239.677.6126 [email protected] www.stuarturbandesign.com

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STUART AND ASSOCIATES . PLANNING & DESIGN SERVICES

Comprehensive Land Use Planning

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GREGSTUART239.677.6126 [email protected] www.stuarturbandesign.com

THE NE QUADRANT LAND USE PLAN Client - City of Bonita Springs, FLA 4,900-acre municipal services and land use sector plan for the Density Reduction Groundwater Resource future land use area. University Charlotte Co. Campus, the supporting mixed useUniversity Center, 300-ac.Prairie Creek Preserve and 50%open space.

IMPERIAL DISTRICT

IMPERIAL DISTRICT MIXED

USE OVERLAY

N.

1., 3.& 5.

LOW DENSITY

RESIDENTIAL

MODERATE DENSITY

RESIDENTIAL

GREENWAY RESOURCE

PROTECTION

CONSERVATION

RESOURCE PROTECTION

MEDIUM DENSITY

RESIDENTIAL3.

Imperial District 7300 Units w./ Corrective Amendments

ESTATE RESIDENTIAL

1 ac., 3 ac. per &

5 acres per unit

B.

N. Neighborhood

B. Core Business

N.

B.N.

1.

1.

1.

N.

5.

1.1.

1.

N. Neighborhood

Mixed Use

B. Core Business

Mixed Use

MDR 1. Private Utility Plants

& Facilities By Right

MDR. Note 1CORE

PRESERVATION

AREAS

GREENWAY RESOURCE PROTECTION -

Large Landscape-scale and

Multifunctional Open Space

Corridors For Watershed

Management, Ecological

Betterment and

Livable Places

Land and Water Connectivity,

Flow Ways, Trails and Paths

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STUART AND ASSOCIATES . PLANNING & DESIGN SERVICES

Site Planning, Master Planning and Town Planning

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L.- RIVERPLACE, Estero, FL.; a mixed use urban infill riverfront village with 175,000 SF commercial, 165 units, 100 hotel rooms & 45% open space.

middle - STUARTHARBOR YACHTCLUB, Stuart, FL.; a mixed use full service marina with 300 dry slips, 167 wet slips, and a 68 DUS, 33,000 SF commercial& 60 key boutique hotel Marina Village.

R. - PINECREEK RANCH, Charlotte Co., FL.; a 7,472-ac. New Communitywith the 150-ac. Florida Gulf CoastUniversity Charlotte Co. Campus, supporting mixed use University Center, 300-ac. Prairie Creek Preserve & 50% open space.

GREGSTUART239.677.6126 [email protected] www.stuarturbandesign.com

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STUART AND ASSOCIATES . PLANNING & DESIGN SERVICES

Land Development Planning and Execution

JUDD CREEK Client - Realmark Development, Cape Coral, FL Successful planning execution for a 1000 unit/250,000 SF retail project; established a 28% IRR based on a three year hold.Professional Service Expertise For 192-ac. Mixed Use River Access Development:* Investment Planning &

Syndication* Site Planning* Cape Coral Annexation,

Land Use Amendment & Zoning

* Expert Testimony* Project Management* Governmental Relations

GREGSTUART239.677.6126 [email protected] www.stuarturbandesign.com

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STUART AND ASSOCIATES . PLANNING & DESIGN SERVICES

Land Development Entitlements and Project Management

THE HOME DEPOTClient - Home Depot, Bonita Springs, FLProfessional Service Expertise For The 148,000 SF Bonita Springs Home Depot:* Strategic Programming* Site Planning* Commercial Planned

Development Zoning* Expert Testimony* Local and State

Permitting Oversight* Municipal Bonita Beach

Road Development Agreement

* Governmental Relations

GREGSTUART239.677.6126 [email protected] www.stuarturbandesign.com

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STUART AND ASSOCIATES . PLANNING & DESIGN SERVICES

Professional Expert Planning Testimony

GREGSTUART239.677.6126 [email protected] www.stuarturbandesign.com

RCH vs. Lee Co. Client - Lee County, FLA $74MM inverse condemnation case pertaining to lime rock mining against Lee County with key land use planning testimony leading to a successful defense in Circuit and State Appellate.

NAPLES, TAMPA & KEY WEST HARBOUR YACHT CLUBSClient - Yacht Clubs of the Americas

* Analysis, investment acquisition planning and financial structuring for a $236MM 4 marina development; and

* Co-directed the $209MM debt and $17MM equity financing structure with successful simultaneous land closings valued at $97MM.

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STUART AND ASSOCIATES . PLANNING & DESIGN SERVICES

Property Acquisition and Finance

Tampa Harbour

Key West Harbour

GREGSTUART239.677.6126 [email protected] www.stuarturbandesign.com

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SOUTH GULF COVE PORTFOLIOClient - Eagle Realty of SW Florida, Cape Coral, FL Syndication planning,finance, acquisition and management for a 130-ac. residential tract, a 81-ac. light industrial tract, a 60-ac. community retail tract, and 275 bundled residential lots; and* Through entitlements, management and marketing, grew the portfolio’s market value grew from $36.6MM to $90.3MM in 8 years.

STUART AND ASSOCIATES . PLANNING & DESIGN SERVICES

Business Planning, Syndication and Management

GREGSTUART239.677.6126 [email protected] www.stuarturbandesign.com

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STUART AND ASSOCIATES . PLANNING & DESIGN SERVICES

Real Estate Analysis and Underwriting

KELLY CARLOSClient - Eagle Realty of SW Florida, Cape Coral, FL * Underwriting and

assembly of an 83.5-ac. urban tract with at a blended value of $2.25PSF at 80% LTV; and

* Entitlements and management lead to Pulte Homes and Target land sales generating returns of 34%.

GREGSTUART239.677.6126 [email protected] www.stuarturbandesign.com

GULF COAST HEALTH PARKClient - The Roberts Group, Estero, FL

The investment consisted of an 8 c o m p l e t e d / s e m i - c o m p l e t e d subdivision $11.8MM distressed note purchase, discounted 85% to $1.7MM. Current value land and improvements were valued at $42.5MM. Original basis was reduced from $65K per unit to $13.9K per unit for 241 units. Gross revenues were projected at $8.52MM gross and $3.45MM net.

The investment’s low per unit acquisition created a significant profit spread based on a $26.8K builder retail value. Factoring in a 12% investor preferred rate, the five year IRR for investors was projected at 23%, with total returns to the investors projected at $2.36MM.

USE DENSITY UNIT UNIT PRICE VALUE NOTESALF 120 Beds 25,000.00$ 3,000,000$ Commercial Office 26,972 SF 92.65$ 2,498,836$ Medical Office 68,627 SF 105.88$ 7,266,408$ Commercial Retail 16,788 SF 121.76$ 2,044,125$ Hotel 85 Rooms 20,000.00$ 1,700,000$ Hotel Conference Space 8,000 SF 92.65$ 741,176.47$ Wellness Facility 29,700 SF 92.65$ 2,751,618$

TOTAL VALUE 20,002,163$

PROPOSED DEVELOPMENT CONCEPT VERSUS ENTITLEMENTS

Total ALF Units Allowed 500 Commercial Retail Proposed 120

380 ALF Available

Total Office Space Allowed 100,000 Commercial Office Proposed 26,972 Medical Office Proposed 68,627

31,373 SF Available

Commercial Retail Allowed 60,000 Commercial Retail Proposed 16,788

43,213 SF Available

Total Hotel Beds Allowed 130 Total Hotel Beds Proposed 85

45 Beds Available

PROPOSED PARKING RATIO TO BE PROVIDED

4.25 RETAIL PER 1,000 SF3.5 OFFICE PER 1,000 SF

4.5 MEDICAL OFFICE PER 1,000 SF

3 WELLNESS PER 1,000 SF (NOTE: 1 PER 370 SF & PER 328 SF IN STUDY)10 RESTAURANT PER 1,000 SF

10,000 SF CONCEPTUAL RESTAURANT SPACE

USEPARKING

PROPOSEDNOTES

ALF 30Commercial Office 94Medical Office 309 INCLUDES RESTAURANT SPACESCommercial Retail 129Hotel 85Wellness Facility 89TOTAL REQUIRED 736

SURFACE PARKING PROVIDED 156STRUCTURED PARKING PROVIDED 628

GULF COAST HEALTH PARKENTITLEMENT/DEVELOPMENT SUMMARY

PROPOSED DEVELOPMENT CONCEPT

STRUCTURED PARKING PROVIDED 628TOTAL PARKING PROVIDED 784

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STUART AND ASSOCIATES . PLANNING & DESIGN SERVICES

Real Estate Restructuring and Workouts

GREGSTUART239.677.6126 [email protected] www.stuarturbandesign.com

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STUART AND ASSOCIATES . PLANNING & DESIGN SERVICES

Communications and Content Development

Designed scores of mixed media and graphic presentations, along with narrative and video content development and design for private sector and public sector clients.

North&American&Group&A&Strategic&Senior&Housing&Investment&Por8olio&

GREGSTUART239.677.6126 [email protected] www.stuarturbandesign.com

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Directed, managed and implemented scores of public and private sector communication and media projects and tasks relating to community consensus building, regulatory development, real estate project development, real estate financing and entitlement processes.

STUART AND ASSOCIATES . PLANNING & DESIGN SERVICES

Client, Partner and Government Relations

GREGSTUART239.677.6126 [email protected] www.stuarturbandesign.com

RestrictedViews - Pool Cages

Views Within TheLot -- Being Inside The Seawall To Lot LineIntersection, EnjoyLegitimate Public Welfare Protection Rights

Fence & Landscaping

Typical50-ft. x 120-ft.Platted Lot

Pool Cage

Existing Pool Cages & Structures -- AdjoiningView Obstructions

Views Outside TheLot -- Being OutsideThe Seawall To The Lot Line Intersection, Present Tenuous Limited Public Welfare ProtectionRights