890 Unit Fort Meyers Florida $108,000,000* Serious Inquiries

[Reginald Lewis]

*Addresses, floor plans, tax rolls, pictures, financials including two years of T12 provided with signed NDA

CLASS B+ ASSET

895+ UNIT ASSET ON 38 ACRES

OUTSTANDING AMENITIES

PRE-DUE DILIGENCE WITH PROVIDED FINANCIALS, RENT ROLLS, TAX INFO, FLOOR PLANS, PICTURES, AND T12

MULTIPLE DOG PARKS WITH AGILITY EQUIPMENT, BIKE RACKS, 3 CLOTHES CARE CENTERS, GRILL/BBQ/PICNIC AREAS & BREAKFAST BAR

PLAYGROUND, OPEN CONCEPT LIVING, 4 POOLS, A CLUBHOUSE, CYBER CAFE, STATE OF THE ART FITNESS CENTER & TENNIS COURT

APPROXIMATE SQUARE FOOTAGE: 949 SQ.FT PER UNIT

AVERAGE RENT: $930 PER UNIT

CURRENTLY 92% OCCUPIED

TOTAL RENTABLE SQUARE FOOTAGE 880,000+, OCCUPIED SQUARE FOOTAGE IS 808,000+

ACTUAL CURRENT MONTHLY RENT: $881,742.37

GROSS ANNUAL INCOME: $11,465,003

ANNUAL EXPENSES: $5,360,058.37

NOI: $5,404,090.63

CAP RATE: 5%

*PURCHASE PRICE IS FIRM AT $108,000,000. AT THIS PRICE 3% FEES TO BE PAID BY SELLER. 50/50 Splits.