Z O N E D M I X E D U S E 1 6 . 6 9 A C R E L A N D T R A C T A L L O W S F O R 2 7 2 A P A R T M E N T U N I T S

O F F E R I N G M E M O R A N D U M

L A N D & D E V E L O P M E N T S E R V I C E S

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| T A B L E O F C O N T E N T S

THE OFFERINGDisclaimer & Limiting Conditions 3 Executive Summary 4 Property Overview 5

THE PROPERTYParcel Map 6Conceptual Plan 7 Photos 8 Zoning Information 9Area Location & Highlights 12 Demographics & Traffic Count 13

THE MARKETMarket Trends 14Sold Comparables 16 About The Area 18 Broker Profile 19Team Profile 20

L A N D & D E V E L O P M E N T S E R V I C E S | B U L L R E A L T Y . C O M

PERRY HAYES| 404-876-1640 x 135 | PHayes@BullRealty.com

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This Confidential Offering Memorandum contains selected information pertaining to the Property but does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may require. All financial projections are provided for general reference purposes only and are based upon assumptions relating to the general economy, competition and other factors, which therefore, are subject to material change or variation. Prospective purchasers may not rely upon the financial projections, as they are illustrative only. An opportunity to inspect the Property will be made available to qualified prospective purchasers.

In this Confidential Memorandum, certain documents, including financial information, are described in summary form and do not purport to be complete or accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to review independently all documents.

This Confidential Memorandum is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the Property by Bull Realty Inc. or the current Owner/Seller. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the advisability of purchasing the Property described herein.

Owner/Seller expressly reserve the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or to terminate discussions with any party at any time with or without notice. Owner/Seller shall have no legal commitment or obligation to any purchaser reviewing this Confidential Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered and approved by the Owner/Seller and any conditions to the purchaser’s obligations therein have been satisfied or waived. The Seller reserves the right to move forward with an acceptable offer prior to the call for offers deadline.

This Confidential Memorandum may be used only by parties approved by the Owner. The Property is privately offered, and by accepting this Confidential Memorandum, the party in possession hereof agrees (i) to return it if requested and (ii) that this Confidential Memorandum and its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Confidential Memorandum may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of Bull Realty, Inc. or Owner/Seller. The terms and conditions set forth above apply to this Confidential Memorandum in its entirety and all documents, disks and other information provided in connection therewith.

D I S C L A I M E R & L I M I T I N G C O N D I T I O N S

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Located along a popular section of Interstate 20, this 16.69 acre mixed use zoned tract of land is a part of a larger 35.32 acre proposed development project. The zoning allows for 272 apartment units at $8,000 per unit. The maximum density per acre is 20,000 SF of living space.

Baxalta, recently acquired by Shire creating the leading global biotechnology company, broke ground in neighboring Covington, Georgia on the biggest capital outlay in its corporate history - a 1.2 million SF, state-of-the-art plasma products manufacturing facility. With such a large scale facility comes many new job opportunities - approximately 2,000. Jobs will include warehouse management, utilities workers, administrative clergy and laboratory staff. Baxalta will have invested $11.8 billion into the project by 2018.

With an increase in job availability, many will flock to the area. Small families and recent college graduates will benefit greatly from renting apartments in the surrounding Covington area. With a growing need for multifamily properties as indicated by a rapidly decreasing vacancy rate, increasing rental rate and no new construction in the works, the demand for options is growing.

Z O N E D M I X E D U S E 1 6 . 6 9 A C R E L A N D T R A C T A L L O W S F O R 2 7 2 A P A R T M E N T U N I T S

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Address 1960 Flat Shoals Road Conyers, GA 30013County RockdaleApproximate Acreage 16.69 Acres# of Proposed Units 272Maximum Density/Acre 20,000 SF of living spaceZoning Mixed UseAssessor’s Parcel 0760010006, 0760010014Price/Unit $8,000Total Price $2,176,000

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1 9 6 0 F L A T S H O A L S R O A D

APARTMENTS272 UNITS

TOTAL AREA: 16.69 ACRESMIN. REQUIRED AREA:

332,530 SF/20,000 = 16.63 ACRES

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1,720’

256’

265’

576’

479’

576’

1,799’

289’

803’

567’

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A R E A L O C A T I O N & H I G H L I G H T S

1960 FLAT SHOALS ROAD

ATLANTA DECATUR

TUCKER

LILBURNSNELLVILLE

MONROE

COMMERCE

WINDER

ATHENS

BRASELTON

COVINGTON

CONYERS

DORAVILLESMYRNA

MABLETON

ROSWELL

ALPHARETTA

MARIETTADALLAS

KENNESAW

ACWORTH

CARTERSVILLE

ADAIRSVILLE

WOODSTOCK

CANTON

CUMMING

MILTON

LAKE LANIER

NELSON

LAWRENCEVILLE

JOHNS CREEK

SUWANEE

BUFORD

GAINESVILLE

EAST POINT

FOREST PARK

STOCKBRIDGE

JONESBORO

FAIRBURNRIVERDALEUNION CITY

FAYETTEVILLE

DOUGLASVILLE

MCDONOUGH

PEACHTREECITY

NORTHATLANTA

HOLLYSPRINGS

NORCROSSSANDYSPRINGS

POWDERSPRINGS

75

20

20

575

285

7585

85

85

400

985

HARTSFIELD-JACKSONINTERNATIONAL AIRPORT

PEACHTREE DEKALBAIRPORT

• Less than a mile from Interstate 20 access

• Access property via Iris Drive • Adjacent to a proposed mixed use

development to inlcude a hotel and retail

Proposed Mixed Use Development

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A R E A H I G H L I G H T S

PopulationHouseholds

Average Household Income

PopulationHouseholds

Average Household Income

PopulationHouseholds

Average Household Income

4,7551,742$65,801

37,78713,556$68,598

85,18730,228$65,545

2016 DEMOGRAPHICS (Esri) 1 MILE

3 MILES

5 MILES

32,670

D E M O G R A P H I C S & T R A F F I C C O U N T

9,600

5,396

75,500

2016 DAILY AVERAGE TRAFFIC COUNTS (Esri)

# = Averag e Number o f Veh i c l e s Pe r Day

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Housing Units 2016 2021Total 33,747 35,059 Owner Occupied 57.1% 56.9%Renter Occupied 32.2% 32.2%Vacant 10.7% 10.9%

Medians 2016 2021Household Income $52,165 $57,438 Home Value $148,024 $178,297Age 35 35

*Source ESRI, based on a 5 mile radius from subject property

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2

MAP # STREET ADDRESS CITY SIZE SOLD DATE SALE PRICE PRICE/AC DETAIL PAGE

Subject Property

1960 Flat Shoals Road Conyers 16.69 AC TBD $2,176,000 $130,377 17

1 Iris Road Conyers 2 AC 2/9/2016 $525,000 $262,500 17

2 Mall Parkway Lithonia 9.7 AC 4/13/2016 $2,335,200 $240,742 17

3 Mall Parkway Lithonia 3 AC 1/9/2015 $450,000 $150,000 17

4 West Park Place Boulevard Stone Mountain

6.7 AC 4/15/2015 $900,000 $134,328 17

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SUBJECTPROPERTY

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SOLD COMP - Iris Road

SOLD COMP - Mall Parkway

SOLD COMP - Mall Parkway

SUBJECT PROP - 1960 Flat Shoals Road

Property Size 2 AcresClosing Date 2/9/2016Sold Price $525,000Price/AC $262,500

Property Size 3 AcresClosing Date 1/9/2015Sold Price $450,000Price/AC $150,000

Property Size 9.7 AcresClosing Date 4/13/2016Sold Price $2,335,200Price/AC $240,742

Property Size 16.69 AcresSale Price $2,176,000Price/AC $130,377

COMMENTS:These 2 acres are zoned mixed use.

COMMENTS: These 3 acres are zoned C-1 with a proposed use of retail/mixed use.

COMMENTS: These 9.7 acres are zoned C-1 with a proposed use of retail/mixed use.

COMMENTS: These 16.69 acres are zoned mixed use, and will host 272 apart-ment units.

1

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SOLD COMP - West Park Place Boulevard

Property Size 6.7 AcresClosing Date 4/15/2015Sold Price $900,000Price/AC $134,328

COMMENTS: These 6.7 acres are zoned C-2 with a proposed multifamily use.

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A B O U T T H E A R E A

L O C A T I O NC O N Y E R S , G E O R G I A

Conyers is the only city in Rockdale County, Georgia, USA. It is twenty-four miles east of Atlanta. As of the 2010 census, the city population was 32,980. The city is the county seat of Rockdale County. The formerly separate town of Milstead is now part of Conyers. Conyers is the self-proclaimed “Crepe Myrtle Capital of the World.”

While staying at Conyers, golfers, horse lovers and mountain bike enthusiasts can visit the Georgia International Horse Park to spend a day. You can also spend your leisure time at the various shops and historical sites of Olde Town Conyers. The city also includes a conservation park, the Panola Mountain State Park. In addition, you can visit the Big Haynes Creek Nature Center, Randy Poynter Lake at Black Shoals Park, the Covered Wooden Bridge or South Hicks Circle Park. Shopping can be enjoyed at the Conyers Village Shopping Center. Other popluar attractions include Monastery of the Holy Ghost, Johnson Park, Old Jail Museum, Lewis Vaughn Botanical Gardens and Zoo Atlanta Playspace. In neighboring Covington, Baxter International built a 1.2 million SF, state-of-the-art plasma products manufacturing facility. By 2018, it will have invested $11.8 billion into the project. The plant has created many jobs for both Covington and the surrounding areas. Baxter International is a pharmaceutical manufacturing company based in Deerfield, Illinois that provides services worldwide including renal and hospital products; home, acute and in-center dialysis; IV solutions; infusions systems and devices; parenteral nutrition; biosurgery products and anesthetics; and pharmacy automation, software and services.

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B R O K E R P R O F I L E

PERRY HAYES V.P. Land & Development Perry Hayes has been selling and developing real estate in the Atlanta area for over twenty years as owner of his own construction company. Perry joined Bull Realty to provide his clients a marketing platform proven to maximize asset value in this economic cycle. Perry uses his experience in land sales and acquisi-tions, site analysis and development skills to add value to his clients’ real estate transactions.

Perry is a member of the National Association of Realtors and the Atlanta Commercial Board of Realtors. Perry received a B.S. Degree from Auburn University. Bull Realty is a U.S. commercial real estate sales, leasing and advisory firm head-quartered in Atlanta. The firm was founded in 1998 with two primary missions: grow a company of brokers known for integrity and provide the best disposi-tion marketing in the nation. • Commercial real estate services include acquisition, disposition, project

leasing, tenant representation and advisory services.• Areas of expertise include office, retail, industrial, multifamily, land,

healthcare, single tenant net lease, special asset, self-storage, automotive and daycare properties.

• Disposition services for appropriate properties can include exposure on up to 415 websites, 17 marketing systems and 3 to 6 e-marketing systems.

• Additional disposition and lease marketing services may include video, social media, auctions and national radio exposure.

• The firm hosts the Commercial Real Estate Show which is a nationally syndicated talk radio show heard by millions of people. Respected industry analysts, leading market participants and host Michael Bull share market intelligence, forecasts and strategies. The show is available on any device, anytime on iTunes, YouTube and the show website, www.CREshow.com.

• Bull Realty is licensed in ten southeast states and works with affiliates from all over the country.

Perry Hayes404-876-1640 x 135PHayes@BullRealty.com

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PERRY HAYES V.P. Land & Development

AUBRI LIENEMANNMarketing

RICK LEWISMarketing

SCOTT JACKSONAnalyst

T E A M P R O F I L E

Perry Hayes404-876-1640 x 135PHayes@BullRealty.com