Page 5 - BRC / AP 4.21.19 v1

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Location: LEAWOOD, KS
Product: Bou+que Re+rement Club
Total Suites: 72
Current Status: TCO to be received week of 4/22/19
Total Development Budget: $25,345,420
Stabilized NOI: $2,250,000
Timing: Community is currently 25% pre-leased. Stabiliza+on to be achieved 1Q 2020.
Location: COLORADO SPRINGS, CO
Product: Bou+que Re+rement Club
Total Suites: 108
Current Status: Land under contract, closing on 6/15/19. Debt and equity are in place. Total Development Budget: $43,550,000
Stabilized NOI: $4,208,445
Timing: Es+mated Construc+on start 7/1/19 completed by 7/1/21
Location: LENEXA, KS
Product: Bou+que Re+rement Community
Total Suites: 127
Current Status: Land under op+on, prelim site plan, ini+al pre-dev mee+ng with City. Total Development Budget: $33,655,000
Timing: We are targe+ng an applica+on and submiZal deadline of July 3rd to be on the August 5th Planning Commission agenda and the August 20th City Council agenda. If this can be accomplished, Construc+on Documents would follow with a target permi]ng date some+me in October. Construc+on es+mated to take 20 months.
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