Development & Construction Services

1. Development & Construction Services Capabilities Presentation

2. Who We Are & What We Do • Principals: Lee Allen & Rob Leonard • Focus: Pursuit of multi-family construction and development opportunities • Build internally funded projects • Provide development and construction services for external investors • Recent Projects: Eastside on Ross and Eastside on Lindell. • www.eastsidetownhomes.com

3. Development Services • Land acquisition • Assess markets and land values • Identify buildable land • Negotiate land price • Project assessment • Create proforma to determine project feasibility • Analyze sales comps • Finance • Construct project package related to raising debt and equity • Make introductions and attend meetings with prospective banks and investors • Negotiate terms

4. Development Services (Continued) • Pre-development • Civil • Structural • Platting • Architectural • Permitting • Legal • Create partnerships • Set up condo docs and HOA • Hire HOA management company • Chair HOA board until turned over to homeowners

5. Development Services (Continued) • Accounts Payable/Receivable • Verify and pay invoices • Provide budget reports • Coordinate bank draws • Coordinate entity tax returns, 1099’s and K-1’s • Reconcile and distribute proceeds after units are sold • Distribute shareholders profits and associated tax documents • Marketing • Develop marketing plan • Interview and select Real Estate agent • Negotiate commissions • Negotiate marketing budget

6. Construction Services • Pre-construction building evaluation • Architectural input • Plan review/feasibility • Develop construction timeline • Bids • Receive multiple bids from subcontractors • Negotiate pricing • Choose contractors • Obtain insurance documents from subs • Budgeting • Use bids to create construction budget • Manage budget and overruns • Consult with investors on change orders

7. Construction Services (Continued) • Land preparation • Demo of any existing structures • Oversee grading • Install temporary and silt fencing • Construction Management • Schedule subs • Meet with building inspection • Quality control • Maintain lot/street cleanliness • Loss prevention • Obtain CO • Make Ready • Complete any repairs required from buyer walk through • Complete any repairs required by buyer’s inspector