RENO LANDDEVeLOPMENT COMPANY

RancharrahA legendary opportunity right in the heart of Reno

Rancharrah is situated in a

prime Reno in-fill location and includes a

30,000 sq. ft. mansion, 52,000 sq. ft.

climate-controlled equestrian center, 8,000

sq. ft. studio, gate house, beautifully

landscaped grounds and additional

infrastructure with all utilities available

onsite. With its central proximity, builder

friendly topography and existing

infrastructure, Rancharrah is the most

desirable in-fill development in Reno. �e

project is fully approved and all 117

residential acres are ready for development.

Rancharrah is a141 acre MasterPlanned Communityconsisting of:

117 acres fully entitled for691 residential units.

11.8 acres fully entitledfor office/medical/retail use

12.3 acres fully entitled foroffice/commercial use

395

80

580

80

RENO Truckee River

SPARKS

Convenient in-fill location situated less than

five miles from downtown Reno, and offers

easy access to I-580 and McCarran Blvd.

S McCarran Blvd. 659

Rooted in History

Norman Blitz, the “Duke of Nevada,” originally owned Rancharrah, which

was later sold to gaming magnate and founder of Harrah’s Casino,

Bill Harrah, in 1957. Over the years, this magnificent estate has hosted

presidents, notable dignitaries and some of the biggest names

in entertainment.

Market Overview

Influx of major employersbrings massive growth to the region.

Switch announced on January 15, 2015 that it will build a 3.5m sq. ft. data storage center, and according to Storey County, Switch is now in discussions on an additional 8m sq. ft.

42 companies have relocated or announced plans for relocation or new facilities in Reno since 2014.

Telsa has since pulled permits to build 24m sq. ft. and purchased an additional 2,000 acres on July 20, 2015.

�e factory is currently under construction in the Tahoe Reno Industrial Complex (TRIC).

In September 2014, Tesla Motors, Inc. announced Reno, NV as its location to build a new $5 billion, 10m sq. ft. battery gigafactory. Tesla is expected to generate over $100 billion of economic growth in Nevada over the next 20 years.

TRIC will have a substantial impact on the Reno/Sparks MSA.

Companies from Silicon Valley and across the U.S. are following Tesla and Supernap’s lead.

Demand

9,000 new residential units will need to be built each year over the

next five years to meet the unprecedented demand for new homes in Northern Nevada. �e

Economic Development Authority of Western Nevada (EDAWN)

is projecting that by 2020 Reno will have:

9,000 per year for 5 years

Investment Highlights

• Unanimous approval from the City of Reno Planning Commission, City Council and Regional Planning

• Perfect property in a convenient infill location

• Attracting major company headquarter relocations

�e time to invest is now.

• Increased demand for single-family housing

• Significant expected job and population growth

• Experienced and seasoned management team

Village Offerings

RANCHARRAHIllustrative Land Plan

Section Land Use Acreage Units*Villages 1 & 2 SF 19.9 64

Village 3 SF 14.4 48Village 4 COTT 3.4 20Village 5 COTT 5.5 20Village 6 SF 20.8 123Village 7 UR 14.6 310

Events Center 14.5 -Equestrian Center 17.4 -

11.6 -RC 12.3 -

�is historically

significant property will

include seven residential

Villages along with

commercial and retail

opportunities. Villages

will range from urban

residential to

estate-style lots.

�e Development TeamReno Land Development Company (RLDC)

Reno Land Development Company is led by a group of experienced real estate developers and entrepreneurs.

�e Principals have successfully undertaken 30+ residential, multi-family, commercial and industrial development projects totaling over 5,000 lots, homes, and apartments, as well as four million square feet of commercial and industrial developments

located in Western Nevada, Northern California and Idaho.

Chip Bowlby

Bowlby’s expertise is in financing, land acquisition, product

design, product re-positioning, and marketing of residential

projects. Previously served as the Director of Sales,

Marketing, Land Acquisition and Product Development for

New Cities Development Group, a large residential real

estate developer. Bowlby also was President of Bowlby and

Company, Inc., and was the Regional Vice President of

Property Management Operations and Acquisition for a

national single-family and multi-residential builder.

Currently based in Reno, Nevada.

�omas Merschel

Merschel’s expertise is in the financing, land acquisition,

entitlement processing (e.g., zoning, CEQA, mapping,

development agreements, assessment districts, Federal and

State biological permitting) and civil design for residential

and commercial projects. Previously Merschel served as

the Director of Forward Planning and Development for

New Cities Development Group. Prior to joining

NCDG, Merschel was the Director of Finance and

Planning for a large single-family and multi-residential

builder (Delco Builders) located in the San Francisco Bay

Area. Before his tenure at Delco, Merschel was a Vice

President loan officer for Security Pacific National Bank

(“SPNB”), responsible for a significant loan portfolio

consisting of major office and residential projects.

Merschel began his career with SPNB as a construction

inspector and headed the bank’s Northern California

construction services department. Merschel earned a

Bachelor of Science degree in finance from San Diego

State University. Currently based in Monterey, CA.

Lee Newell

Formed New Cities Land Company, Inc. (“New Cities”),

based in Monterey, California, in 1984. New Cities has

historically operated in Northern and Central California;

however, it expanded into Reno, Nevada, in 1998, Phoenix,

Arizona, in 1999, and Tampa, Florida in 2003. New Cities

entered into new single-family development transactions

with institutional joint venture partners in a series of single

asset entities. After 1998, New Cities concentrated its

business activities in land use entitlements, multi-family

residential developments, and in commercial investment

grade properties. New Cities acted as the managing general

partner or managing member in all of its ventures. Sole

owner of New Cities, Newell has been in the real estate

development business for 35 years and has developed over

1.2 billion dollars of real estate. Graduated from the

University of California, Los Angeles in 1970 and received a

J.D. Degree from the University of San Francisco School of

Law in 1975, followed by an L.L.M. Masters in Taxation

Degree from the New York University School of Law,

Graduate Division in 1977.

Chuck Reeves

Reeves has been in the real estate development and golf

business for over 25 years, developing high-end golf

communities throughout the United States. Graduated

from the University of Colorado School of Law in 1979 and

began his development career with Jack Nicklaus

Development Company (JNDC). Over the next seven years,

JNDC developed 5 high-end, gated golf communities.

Reeves initially managed site selection and feasibility

analysis and then managed the day-to-day development of

Wynstone in suburban Chicago, the most successful

Nicklaus community to date. Reeves then consulted on a

variety of golf community projects. In 1997, formed the

Michael Jordan Golf Company with basketball star Michael

Jordan. �e company owned and operated a golf practice

center and 3 retail stores in Chicago. Reeves then became a

partner in Pasadera, a gated community with a Jack

Nicklaus signature golf course. After Pasadera, Reeves

assisted the Nicklaus organization in a variety of real estate

endeavors, and most recently developed �e Idaho Club

with partners Chip Bowlby and Tom Merschel.

Bradford Smith

Seasoned real estate developer with 40 years of hands on

experience in development design, county and city

approvals, land sales, on/off-site pro forma, budgets,

contracting and construction management throughout

Northern and Southern California. Smith’s vast

knowledge and multifaceted experience has proven to be

invaluable to four prominent developers, including

Signature Homes (division of Stuard Industries),

Donald Bren Company, Barratt Irvine and American

National Housing Corporation, where he held an

executive position and was directly responsible for the

bottom line. Smith holds a State of California General

Building Contractor’s License and a State of Nevada

General Building Contractor’s License. Attended

University of California at Irvine with Construction and

Construction Management as his major.

Brett Bates

Over 15 years experience in the construction and real estate

development industry, and has been a licensed CPA for 25

years. Mr. Bates has worked in the defense industry with

top secret FBI clearances and as a Finance and Tax Director

for a Fortune 500 company. Licensed general contractor in

the State of Nevada and has been the President and Owner

of multiple businesses, including a construction and real

estate development company, mortgage brokerage, real

estate brokerage, and six manufactured housing dealerships

throughout Northern Nevada and California. Bates

attended the University of Nevada, Reno where he obtained

a BS degree in Business Administration and an MBA with

an emphasis in finance.

Sherry A. Wagner

Previously the Vice President of Operations for

Monterey Development Group, and responsible for

entity formations, corporate insurance programs, human

resources, and company systems. As a Senior Manager of

Monterey Advisory Group, Wagner was responsible for

conducting reviews of developer’s accounting systems,

performing job cost audits, reviewing draw requests, and

managing the disbursement control procedures for

clients’ troubled projects. Previously, Wagner owned

Wagner Business Services, a company that provided

consulting services in the areas of accounting systems,

asset management, business planning, and investor

relations. Wagner was also the Operations Manager for

a securities investment company, and an Associate

Director for a large title company.

Information included in this document has been obtained from sources believed reliable. �is information is assumed correct and has not been confirmed. Any projections or estimates have been provided as example only and do not represent the current or future performance of this property and the Reno market as a whole. © 2015 Reno Land Development Company, Inc.

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