SIERRA VISTAVILLAGE194 units

(DiLoreto Homes)

STONEFIELD HORIZONS300 units(Lennar)

Military Rd

Lemm

on Dr

North ValleysCommerce Center

1.4 MMMary's Gone Crackers

LogistiCenter II1.6 MMMarmot

Stead Industrial Center14 MM

Urban Outfitters, Turn 14,Fosdick, Michelin, DDS,

General Motors, Numark,Legend Valve, BizChair.com,Cardinal Health, Firestone,

Burrows Paper

Sage Point Business Park1.5 MM

UPS Logistics, SherwinWillliams, Genco, Tagg

Logistics, Volvo, Bender,Quality Bicycle Parts, CascadeDesigns, Barrier Safe Solutions

ARROYOCROSSING236 units

195550-29968 04-24-18

OBLIQUE MAP

While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2016 The Land Advisors Organization. All rights reserved.

Rick Hildreth | 702.262.9199 | www.landadvisors.com

K

EXCLUSIVE LISTING | PRIME RESIDENTIAL DEVELOPMENT OPPORTUNITYARROYO CROSSING

Rick Hildreth | rhildreth@landadvisors.com200 S. Virginia St., 8th Floor, Reno, Nevada 89501 ph. 775.398.3049 | www.landadvisors.comThe information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing this information to independently verify it. This package is subject to change, prior sale or complete withdrawal. NVWashoe195550-5.16.18

ARROYO CROSSING PROPERTY OVERVIEW

LOCATION Arroyo Crossing is north of US 395 and Lemmon Drive interchange along Military Road. It is accessed directly from Military Road.

PROPERTY DESCRIPTION The property is currently vacant and unimproved.

MUNICIPALITY City of Reno, Washoe County, NV

PARCELS 086-421-12, 086-421-13, 086-421-40, 086-421-38

SIZE ±54.7 gross acres

TOPOGRAPHY Flat

SCHOOLS Washoe County School District

ENTITLEMENTS TTM approved July 6, 2016 for 236 Lots

UTILITIESWater - TMWA Sewer - City of RenoElectric/Gas - NV Energy Phone - AT&TCable - Charter Communications Stormwater - City of Reno

COMMENTS • New home average value pricing has exceeded the previous peak from 2005

• Located less than ¼ mile from LogistiCenter II (1.6 Million SF), Stead Airport and Sage Point Business Park

• Approximately 5½ million square feet of new industrial construction in progress

• Tentative map approved

• Nearby Retail - Walmart and Smiths grocery

• 1 mile to Lemmon Drive/US Highway 395 Intersection

ECONOMICCurrent economic development officials are projecting ±50,000 new jobs to the Reno/Sparks area by 2020. As a result of the projected growth we anticipate an increase of 60,000 people within five years. Due to the projected demand, the region needs to build the equivalent of two new Carson City’s worth of housing units by 2020. The area is experiencing quality job growth spurred by recent company relocations and announcements such as Tesla/Panasonic (6,500+ jobs) and Switch (2000+ jobs).

ARROYO CROSSING PROPERTY PHOTOS

Reno

Sparks

Reno-TahoeReno-TahoeInternationalInternational

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SURROUNDING EMPLOYERS MAPRick Hildreth | 702.262.9199 | www.landadvisors.com

0 1.5 3

Miles

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195550-29968 04-24-18

While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2016 The Land Advisors Organization. All rights reserved.

RenoSparks

Reno-TahoeReno-TahoeInternationalInternational

AirportAirport

TahoeReno

IndustrialCenter

NorthPoint

WingfieldSprings

StoneCreek

Silver KnollsRanch Estates

HorizonHills

Heppner

CaughlinRanch

LaderaRanch

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0 1 2

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K

195550-29968 04-24-18

METRO MAP

While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2016 The Land Advisors Organization. All rights reserved.

Rick Hildreth | 702.262.9199 | www.landadvisors.com

Lemmon ValleysShopping Center

N Virginia St

North ValleysCommerce Center

1.4 MMMary's Gone Crackers

LogistiCenter II1.6 MMMarmot

Stead Industrial Center14 MM

Urban Outfitters, Turn 14, Fosdick,Michelin, DDS, General Motors, Numark,

Legend Valve, BizChair.com, Cardinal Health,Firestone, Burrows Paper

Sage Point Business Park1.5 MM

UPS Logistics, SherwinWillliams, Genco, Tagg

Logistics, Volvo, Bender,Quality Bicycle Parts, CascadeDesigns, Barrier Safe Solutions

RenoRenoSteadStead

AirportAirport

¡¤395

Red RockIndustrial

2 MMPetCo, Arrow Electronics,

Pontair, Almo, NBF

North ValleysShopping Center

Walmart

LogistiCenter I1.2 MM

Amazon, Lasco Valves North HillsShopping Center

Three FlagsCenter

North Hills Industrial1 MM

C & H Distribution, Anixtar,Pita-Maid, Sullivans, Thrift Books,Radians, Legacy Transportation

Sierra VistaVillage

StonefieldHorizons

RegencyPark

SierraGrande

ARROYO CROSSING236 units

195550-29968 04-24-18

OBLIQUE MAP

While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2016 The Land Advisors Organization. All rights reserved.

Rick Hildreth | 702.262.9199 | www.landadvisors.com

K

SIERRA VISTAVILLAGE194 units

(DiLoreto Homes)

STONEFIELD HORIZONS300 units(Lennar)

Military Rd

Lemm

on Dr

North ValleysCommerce Center

1.4 MMMary's Gone Crackers

LogistiCenter II1.6 MMMarmot

Stead Industrial Center14 MM

Urban Outfitters, Turn 14,Fosdick, Michelin, DDS,

General Motors, Numark,Legend Valve, BizChair.com,Cardinal Health, Firestone,

Burrows Paper

Sage Point Business Park1.5 MM

UPS Logistics, SherwinWillliams, Genco, Tagg

Logistics, Volvo, Bender,Quality Bicycle Parts, CascadeDesigns, Barrier Safe Solutions

ARROYOCROSSING236 units

195550-29968 04-24-18

OBLIQUE MAP

While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2016 The Land Advisors Organization. All rights reserved.

Rick Hildreth | 702.262.9199 | www.landadvisors.com

K

RenoSparks

Subject

195550-29968 04-24-18

OBLIQUE MAP

While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2016 The Land Advisors Organization. All rights reserved.

Rick Hildreth | 702.262.9199 | www.landadvisors.comK

Military Rd

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Dr

Corso St

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sili

s D

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Tholl Dr

Kelly Ln

Charlene Dr

0 150 300

Feet

K

195550-29968 04-24-18

PROPERTY DETAIL MAP

While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2016 The Land Advisors Organization. All rights reserved.

Rick Hildreth | 702.262.9199 | www.landadvisors.com

ARROYO CROSSING ASSESSOR’S MAPPROPERTY OVERVIEW

ARROYO CROSSING PRELIMINARY LANDSCAPE PLANPROPERTY OVERVIEW

RENO MARKET REPORT 1Q18 CLICK HERE TO VIEW THE FULL REPORT

Strong housing demand has not slowed in the Reno metro area and builders continue to strive to meet buyer demand. According to Metrostudy’s quarterly lot-by-lot survey, annual new home starts increased by 51% compared to 1Q17, totaling 2,809. Annual closings totaled 2,074, a 7% increase over 1Q17’s annual closings rate of 1,947. Metrostudy notes that annual starts are an indicator of future new home closings and they expect 2018 to be another strong year for our metro.

The first quarter of 2018 saw new home starts increase by an incredible 76% compared to 1Q17, helping to push up the annual starts pace. Builders started 638 homes this quarter compared to 363 last year. Buyers closed on 521 new homes in 1Q18, a nearly 15% increase over last year.

Buyers are finding it harder and harder to purchase affordable new home products near the city centers. New home starts priced at $400,000 and above were the only price ranges that saw growth year-over-year at the end of the quarter. Last year, 18% of all new home starts were under $300,000 while this year that number was only 10%. Builders continue to seek opportunities in the suburbs where land is more affordable. Metrostudy found that starts in Fernley, NV increased by 164%.

Availability, or lack thereof, is driving demand. The Reno market only has 84 finished homes available, less than a two week supply. Finished Vacant inventory remains at the lowest level since Metrostudy began tracking in 2006, however the number of homes under construction has increased 102% over the year. Lot absorption is still outpacing deliveries (going on a 5 year streak now), leaving the metro with only a 16 month supply of Finished and Vacant lots. Compare that to three years ago when we had enough lots to last us 14 years!

NEW HOUSING TRENDS1

According to numbers from the U.S. Census Bureau, Washoe County maintained the same large population increase that was seen in 2016. The county grew by 8,158 people in both 2016 and 2017, which was a sharp increase compared to population growth in years prior. Since 2010, Washoe County has added nearly 25,500 new residents.4

The Bureau of Labor Statistics reports that the unemployment rate in Reno-Sparks and across Nevada continues to drop. The Reno MSA unemployment rate now stands at 4.1% and has one of the fastest growth rates in the state.3

As our metro continues to emerge as a technology and manufacturing hub, it is no wonder that Reno made U.S. News & World Report’s list of Best Places to Live. The Biggest Little City in the World came in No. 33 on the list

of the country’s 125 largest metropolitan areas thanks to high ranks in quality of life, job market, desirability, net migration and value.5

Reno’s popularity has stemmed from cultural events and vast outdoor activities, but our most recent draw has come from the Tahoe Reno Industrial Center. It was recently announced that a 1.1 million square foot data center facility, for a new startup called EdgeCore, is planned to join the center. As the Governor’s office continues to grant tax abatements for companies locating to Northern Nevada, the total amount expected to be approved now stands at $11.4 million.6 With those incentives, it’s no wonder companies are wanting to do business here!

ECONOMIC TRENDS3

UNEMPLOYMENT RATE

235.1

RENO MSA

TOTAL NONFARM EMPLOYMENT

226.1+4.0%

1,373.7

NEVADA

1,334.4+2.9%

(in thousands)

RENO MSAEMPLOYMENT GROWTH

3.7%

NEVADA

3.8%

-0.5%

4.1%

RENO MSA

4.6%March 2017 March 2018

4.9%

NEVADA

5.2%March 2017 March 2018

March 2017 March 2018March 2017 March 2018

-0.3%

Annualized Employment Change Annualized Employment Change

$469,000

$422,50011%

NEW HOME STARTS

NEW HOME CLOSINGS

AVERAGE NEW HOME BASE PRICE

521

45414.8%

638

1st Quarter 2017

3631st Quarter 2018

March 2017

March 2018

1st Quarter 2017

1st Quarter 2018

75.8%

Top Builders by Closings (Last 12 Months)

439

291

172

145

107

104

72

- 100 200 300 400 500

Lennar

Toll Brothers

DR Horton/Express/Emerald

Ryder Homes of Nevada

Jenuane Communities

Silverado Homes

Lifestyle Homes Source: MetroStudy

Single Family & Multi-Family Permits

472 528 777 1,243 1,507

2,000 1,867 2,223 2,254 134 22

68 477

709

787 1,732

2,443 2,205

0.0K

1.0K

2.0K

3.0K

4.0K

5.0K

2010 2011 2012 2013 2014 2015 2016 2017 Last 12Mo

Single Family Multi-Family Source: US Census

-7.3K

-21.8K

-9.6K

0.4K 0.8K

6.8K 6.5K 5.6K

10.5K7.4K 8.1K

-25K

-20K

-15K

-10K

-5K

0K

5K

10K

15K

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Last 12Mo

Source: Bureau of Labor Statistics

Employment Growth*

200K

250K

300K

350K

400K

450K

500K

0K

2K

4K

6K

8K

10K

12K

14K

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

Population Growth Total Population Source: US Census

Population Growth & Total Population

Sources: (1)"Reno Nevada Executive Summary, First Quarter 2018" MetroStudy (2) Reno Sparks Associations of REALTORS®, March 2018 Market Report Sources: (3) Bureau of Labor Statistics (4) Lucas Thomas, "Washoe County's Population Growth Last Year Matched 2016" The Patch, March 22, 2018 (5) Lucas Thomas, "Reno Makes List of Best Places to Live" The Patch, April 10, 2018 (6) Nicole Raz, "Major data center facility to join Tahoe Reno Industrial Center" Las Vegas Review Journal, March 14, 2018