URBAN + FARM | Agrihood Community | Bozeman, MT

BOZEMAN’S PREMIER ± 106-ACRE MIXED-USE COMMUNITY BLENDING URBAN CONNECTION WITH THE MONTANA LIFESTYLE

FLEXIBLE LAND PLAN WITH A MULTITUDE OF LAND OFFERINGS INCLUDING RESIDENTIAL (DETACHED SINGLE-FAMILY, ATTACHED SINGLE-FAMILY, MULTIFAMILY, AFFORDABLE, AND AGE RESTRICTED) AND COMMERCIAL (OFFICE, RETAIL, CIVIL, AND HOSPITALITY)

PRESENTED BY CHRIS COWAN

Vice Chairman t 303 913-0755 chris.cowan@cbre.com

BRITTNEY TATOM

Senior Transaction Manager t 303 824-4709 brittney.tatom@cbre.com

MACKENZIE WALKER

Senior Transaction Manager t 720 240-6670 mackenzie.walker1@cbre.com

JESSICA GRAHAM

Investment Sales Manager t 303 583-2080 jessica.graham@cbre.com

CHRIS BURDETT Executive Vice President t 206 292-6070 chris.burdett@cbre.com

MT License # 17527

ERIC LADD

Owner/Broker of Outlaw Realty t 406 570-0639 eric@outlaw.realty

MT License # 11831

EJ DAWS Managing Broker for Outlaw Realty t 406 589-6247 ej@outlaw.realty

MT License # 32402

DEVELOPED BY

Outlaw Real Estate Partners, based in Big Sky, MT is a real estate investment, development and services company founded to thoughtfully enhance special places while accommodating the exceptional growth occurring in the Rocky Mountain West. Leveraging key relationships with local environmental non-profits, such as Montana Land Reliance and the Gallatin River Task Force, the company’s purpose is to develop sustainable and responsible growth that benefits places within the Bozeman Valley and beyond for generations to come. Combined with its extended family of companies, Outlaw Realty and Outlaw Partners Media, Marketing, and Events, Outlaw Real Estate Partners has a keen ability to execute across a wide spectrum of investments and developments. For more information, please visit: www.outlawrealestatepartners.com

2023 CBRE, Inc. All Rights Reserved.

EXECUTIVE SUMMARY

URBAN + FARM SUMMARY

• Bozeman’s premier ± 106-acre mixed-use community blending urban connection with the Valley’s agricultural roots

URBAN + FARM LAND USE SUMMARY

± 63.2 ACRES OF AVAILABLE LAND

± 16.2 ACRES OF PARKS & OPEN SPACE

± 4.3 ACRES OF COMMUNITY AMENITIES

± 3.6 ACRES OF SELLER EXECUTED RESIDENTIAL

• Flexible land plan with a multitude of land offerings including residential (detached single-family, attached single-family, multifamily, affordable, and age restricted) and commercial (office, retail, civil, and hospitality)

± 18.4 ACRES OF RIGHT-OF-WAY

3%

• All-encompassing community composed of 15% parks and open space and community amenities including a vertical farm, recreation center, and fire station

• Infrastructure to be built by Seller allowing for delivery of construction ready pad sites

• Exceptional central Bozeman location with ease of connection to Montana State University (6 minutes), Four Corners employment hub (7 minutes), downtown Bozeman (8 minutes), Bozeman Yellowstone International Airport (20 minutes), Bridger Bowl Ski Area (30 minutes), Big Sky Resort (1 hour), and Yellowstone National Park (1.5 hours)

• High visibility along Huffine Lane (30,000 vehicles per day) – the most heavily trafficked road in the county

Available Land 60%

TRAVEL TIME

6 MINUTES TO MONTANA STATE UNIVERSITY

7 MINUTES TO FOUR CORNERS

8 MINUTES TO DOWNTOWN BOZEMAN

20 MINUTES TO BOZEMAN YELLOWSTONE INTERNATIONAL AIRPORT

30 MINUTES TO BRIDGER BOWL SKI AREA

1 HOUR TO BIG SKY RESORT

1.5 HOURS TO YELLOWSTONE NATIONAL PARK

Bozeman City Limits

URBAN + FARM

IMMEDIATE VICINITY MAP

URBAN + FARM MASTER PLAN

Urban + Farm is a ± 106-acre mixed-use agrihood in Bozeman setting a new precedent for vibrant, active, sustainable living. Anchoring West Bozeman, the “complete community” includes a mix of residential and commercial offerings with trail networks and an onsite vertical greenhouse adding unique functionality and aesthetic. Urban + Farm’s vision seeks to distinguish local neighborhood character, building on existing residential and commercial development in the area while honoring Gallatin Valley’s agricultural roots and sustainability – all with an eye for walkability and bikeability.

Outlaw Real Estate Partners has recently completed construction and began lease-up on Millhouse East + West, 36 two-bedroom apartments, and is currently under construction on The Grange, 16 detached single-family homes and 6 rowhomes. Outlaw Real Estate Partners will be completing all horizontal infrastructure for the remainder of the Urban + Farm development with phased completion between the third quarter of 2023 and third quarter of 2024. Currently available is the land for Fallon Lot 1, Mayfly, Phase I, and Phase II. The product types shown on the map below for Phase II are intended to serve as a guide rather than a prescriptive plan.

URBAN + FARM CONCEPTUAL IMAGERY

URBAN + FARM CONCEPTUAL IMAGERY

COMMUNITY AMENITIES

URBAN + FARM COMMUNITY AMENITIES

The Urban + Farm master plan was designed around a cluster of community amenities intended to be enjoyed by residents, tenants, and visitors alike. At the heart of Urban + Farm, a state-of-the-art four-season greenhouse will feature local purveyors, commercial tenants, retailers and a modern-day urban working farm. The recreation center caters to the Montana lifestyle by providing a space for a variety of active opportunities. Lastly the fire station will cater to the greater city of Bozeman while providing an additional sense of security to residents of Urban + Farm.

0.9 ACRES

15,861 SQUARE FEET

Conceptual imagery provided by Cushing Terrell and KTGY. Actual greenhouse in Urban + Farm may vary

Greenhouse

RECREATION CENTER

2.4 ACRES

31,324 SQUARE FEET

Conceptual imagery provided by Cushing Terrell. Actual recreation center in Urban + Farm may vary

FIRE STATION 1.0

Imagery shown is of a similar fire station in Bozeman. Actual fire station in Urban + Farm may vary

PARKS & OPEN SPACE

URBAN + FARM PARKS & OPEN SPACE

The Urban + Farm community is organized around public spaces, streets, parks, and open spaces. Each feature provides an opportunity for integration between the built environment and natural landscapes. Parks and open spaces include a combination of neighborhood parks, thoroughfares, pocket parks, civic plazas, open space, agricultural conservation areas, natural buffers, and wetland areas.

URBAN

15% OF URBAN + FARM IS PARKS AND OPEN SPACE

8.9 ACRES OF PARKS

7.4 ACRES OF OPEN SPACE

WEST LINEAR PARK & DOG PARK

2.5 ACRES

Conceptual imagery provided by Cushing Terrell and is for discussion purposes only

West Linear Park and Dog Park

VALLEY COMMONS LINEAR PARK (WEST) 0.7 ACRES

Valley Commons Linear Park (West)

Conceptual imagery provided by Cushing Terrell and is for discussion purposes only

VALLEY COMMONS LINEAR PARK (CENTRAL)

0.6 ACRES

Valley Commons Linear Park (Central)

Conceptual imagery provided by Cushing Terrell and is for discussion purposes only

VALLEY COMMONS LINEAR PARK (EAST)

0.7 ACRES

Valley Commons Linear Park (East)

Conceptual imagery provided by Cushing Terrell and is for discussion purposes only

Existing Park

CENTRAL PARK

2.8 ACRES

Conceptual imagery provided by Cushing Terrell and is for discussion purposes only

Central Park

EVENT LAWN & EAST GARDEN

URBAN + FARM // BOZEMAN, MT // OCTOBER 4, 2022

Event Lawn & East Garden

Existing

Conceptual imagery provided by Cushing Terrell and is for discussion purposes only

OPEN SPACE

7.3 ACRES

Conceptual imagery provided by Cushing Terrell and is for discussion purposes only

DESIGN GUIDELINES

3.5 SITE FURNISHINGS + PLAY STRUCTURES

DESIGN GUIDELINES

as part of the Urban + Farm Parks Master Plan and future park space design development phases. At that time, select park furnishings, amenities and playground equipment product specifications will be identified.

Urban + Farm is developed with the ideal Bozeman lifestyle in mind, with a complete community offering mixed housing types, commercial services, and recreational opportunities. Urban + Farm is designed around amenities such as parks, open spaces and common areas that provide safe areas for people to enjoy while at the same time maintaining property values and a harmonious mix of neighborhoods and commercial uses. The Urban + Farm Design Guidelines help to ensure that developers, builders, and property owners will reinforce the unique attributes of Urban + Farm and preserve and enhance the qualities of this community for the enjoyment of all.

The Urban + Farm Design Guidelines are based on urban design principles established for the Urban + Farm community. The Guidelines represent the urban-form vision for Urban + Farm and applicable City of Bozeman Codes and Standards. The Guidelines shall be applied using a discretionary decision-making process based on a set of defined principles, guidelines, and standards for the Urban + Farm neighborhood.

The Urban + Farm Design Guidelines have been developed through a collaborative process with the assistance of the following professionals/organizations:

DRAFT

• Outlaw Partners, Bozeman, MT

• Cushing Terrell, Bozeman, MT

• Urban Arena, CA

• Hyalite Engineering, Bozeman, MT

URBAN

The Design Guidelines shown are a working draft and are subject to change.

CHARACTER AREAS

The Urban + Farm Design Guidelines are organized around three Character Areas: (1) neighborhood One Residential, (2) neighborhood Two Residential, and (3) MixedUse Village Center. These Character Areas help reinforce the unique qualities and forms of each neighborhood within the community.

The Design Guidelines shown are a working draft and are subject to change.

MIXED-USE VILLAGE CENTER

The Mixed-Use Village Center Character Area is the primary activity and core gathering place and is marked by an event lawn green space and the Greenhouse - a commercial retail destination. In the Mixed-Use Village, building placement and forms define the streets and streetscapes while promoting ground level activation and places for community interaction. Street and blocks and building locations are organized to create a walkable mixed use commercial area. Streetscapes include wider sidewalks, ground level retail, street trees and seating areas. The Mixed-Use Village’s primary focus is to create spaces for activities and events centered around a destination Greenhouse and open public spaces.

The Design Guidelines shown are a working draft and are subject to change.

NEIGHBORHOOD ONE RESIDENTIAL CHARACTER AREA

A variety of building typologies, massing and forms, and materials define the neighborhood One Residential area. This Character Area promotes a walkable scale with defined streetscape environments that encourage neighborhood interaction and sociability. Blocks, street types, structures and park spaces help to create visual interest. Uses may include multi-family, community civic uses, and limited ground level retail and commercial services. neighborhood and pocket parks and the signature Farmstead Park establish a solid foundation that supports adjacent neighborhoods and residents.

The Design Guidelines shown are a working draft and are subject to change.

URBAN

NEIGHBORHOOD TWO RESIDENTIAL CHARACTER AREA

The neighborhood Two Character Area is expressed as a lower scale neighborhood form (with varying structure heights ranging from one to four story massing) that includes a mix of attached and detached single family and multi-family uses. Residential building typologies frame individual streetscapes while encouraging neighborhood connections to parks and open spaces. Commercial / office uses are allowed in select areas so long as the scale and locations fit within the context of the primary residential areas. Laurel Parkway serves as a primary neighborhood gateway corridor. neighborhood parks and the signature Farmstead Park establish a foundation that support adjacent neighborhoods, visitors and residents.

The Design Guidelines shown are a working draft and are subject to change.

CRAFTSMAN ARCHITECTURAL STYLE

The Urban + Farm Design Guidelines identify three architectural styles for the neighborhood One and Two Residential Character Areas: (1) Craftsman, (2) High Country Farmhouse, and (3) Montana Contemporary. The Craftsman style was a dominant style in the early 20th century, especially for smaller homes. Originating in Southern California, the Craftsman style spread throughout the country in pattern books and magazines used by builders. The style celebrates the expression of structural elements with wide over- hanging eaves, bracket detailing, and substantial columns.

DRAFT

The

URBAN

57 / URBAN + FARM DESIGN GUIDELINES

Design Guidelines shown are a working draft and are subject to change.

HIGH COUNTRY FARMHOUSE ARCHITECTURAL STYLE

The farmers and ranchers of the western frontier-built homes with materials on hand to provide shelter from often rigorous climactic conditions. The High-Country Farmhouse style has the feel of an original simple farm homestead that has been added onto as need arose but reconfigured for the way people live today. The style is characterized by a basic two-story main house and the use of simple building materials.

DRAFT

59 / URBAN + FARM DESIGN GUIDELINES

The Design Guidelines shown are a working draft and are subject to change.

URBAN

MONTANA CONTEMPORARY ARCHITECTURAL STYLE

The Montana Contemporary style applies to a “current” translation of a regionally appropriate historical vernacular style with modern materials and technologies. This category also includes designs that are influenced by the “modernism” movement of the mid twentieth century. The modernist movement had an emphasis on clean lines, contrast, and simple yet inventive style and form. Contemporary interpretation emphasizes homes with open floor plans and ample windows coverage. In its purest form, this style features interior spaces that bring the outdoors in. Walls with large expanses of floor to ceiling glass are common. The Montana Contemporary home while modern in its style shall still compliment the street character and vision of Urban + Farm.

The Design Guidelines shown are a working draft and are subject to change.

URBAN

URBAN + FARM DESIGN GUIDELINES

DESIGN REVIEW PROCESS

CONCEPT PLAN / DESIGN DEVELOPMENT

CONCURRENT DRC / CITY of BOZEMAN REVIEW / APPROVAL PROCESS

APPROVAL /

URBAN + FARM DESIGN REVIEW PROCESS

CITY of BOZEMAN SITE DEVELOPMENT / BUILDING PERMIT PROCESS

The Design Guidelines shown are a working draft and are subject to change.

ZONING

URBAN + FARM ZONING

The majority of Urban + Farm is zoned B-2M – Community Business District – Mixed, with a few pockets zoned R-5 – Residential Mixed-Use High Density District, R-4Residential High Density District, and REMU - Residential Emphasis Mixed-Use District.

URBAN

COMMUNITY BUSINESS DISTRICT – MIXED (B-2M)

“The intent of the B-2M community business district-mixed is to function as a vibrant mixed-use district that accommodates substantial growth and enhances the character of the city. This district provides for a range of commercial uses that serve both the immediate area and the broader trade area and encourages the integration of multi-household residential as a secondary use. Design standards emphasizing pedestrian oriented design are important elements of this district. Use of this zone is appropriate for arterial corridors, commercial nodes and/or areas served by transit.”

PERMITTED USES AND STANDARDS

1Attached single-family must have five or more attached units

2The top floor of five-story commercial buildings within 30 feet of the front property line feature has a stepback of at least ten feet from the front face of the building.

3Inclusion of affordable housing provides for an increase in maximum height for multifamily. 5% of units designated as affordable allows for 2 additional stories of height, and 50% of units designated as affordable allows for 4 additional stories.

RESIDENTIAL HIGH DENSITY DISTRICT (R-4)

“The intent of the R-4 residential high density district is to provide for high-density residential development through a variety of housing types within the city with associated service functions.”

PERMITTED USES AND STANDARDS

1 Inclusion of affordable housing provides for an increase in maximum height for multifamily. 5% of units designated as affordable allows for 2 additional stories of height, and 50% of units designated as affordable allows for 4 additional stories.

RESIDENTIAL MIXED-USE HIGH DENSITY DISTRICT (R-5)

“The intent of the R-5 residential mixed-use high density district is to provide for high-density residential development through a variety of compatible housing types and residentially supportive commercial uses in a geographically compact, walkable area to serve the varying needs of the community’s residents”

PERMITTED USES AND STANDARDS

1Maximum lot size may be increased where the planned development fits into the context of the neighborhood and proposed pedestrian and vehicular circulation measures meet community objectives.

2 Inclusion of affordable housing provides for an increase in maximum height for multifamily. 5% of units designated as affordable allows for 2 additional stories of height, and 50% of units designated as affordable allows for 4 additional stories.

RESIDENTIAL EMPHASIS MIXED-USE DISTRICT (REMU)

“The intent and purpose of the REMU district is to establish areas within Bozeman that are mixed-use in character and to provide options for a variety of housing, employment, retail and neighborhood service opportunities within a new or existing neighborhood.”

PERMITTED USES AND STANDARDS

1Attached single-family must have five or less attached units

2Hospitality is limited to a maximum of 40,000 square feet

3A small-lot single-family household is defined as having a lot size of 2,500 SF

4Lot coverage may be up to 100% if a structured parking facility that accommodates all required parking is provided

5Floor area bonuses given for structured parking as specified in the Code of Ordinances

6 Inclusion of affordable housing provides for an increase in maximum height for multifamily. 5% of units designated as affordable allows for 2 additional stories of height, and 50% of units designated as affordable allows for 4 additional stories.

PARKING REQUIREMENTS RESIDENTIAL

The minimum parking requirement is shown in the table below. There is no maximum. One parking space for each 24 uninterrupted linear feet of available street frontage usable for on-street parking directly adjacent to a lot may be deducted from the total parking spaces required for a development.

COMMERCIAL

The minimum parking requirement for commercial uses is shown in the table below. The maximum parking permitted in the B-2M district is the minimum requirement in the R-4/R-5/REMU district. The maximum parking permitted in the R-4/R-5/REMU district is 125% of the minimum requirement in the R-4/R-5/REMU district. Parking for commercial uses in the REMU district can be reduced by 30% for restaurants, 20% for retail, and 10% for all other commercial.

URBAN

AFFORDABLE HOUSING INCENTIVES

Recently, Montana state law was changed to prohibit local governments from requiring affordable units within residential communities. As a result, Bozeman City Commission approved Ordinance 2105 establishing the new Affordable Housing Ordinance which became effective in October 2022. The Ordinance does not require any affordable housing but offers two levels of incentives to residential developers who incorporate affordable housing: (1) shallow, and (2) deep.

REQUIREMENTS

An alternative to providing the affordable units on-site is to donate land that will be deed restricted for the construction of affordable housing.

SHALLOW INCENTIVES

ATTACHED SINGLE-FAMILY

1. Reduced minimum lot size of 1,800-2,200 square feet

MULTIFAMILY

1. Two additional stories of height (maximum 15’ per story)

2. Reduced minimum vehicle parking requirement of one space per dwelling

DEEP INCENTIVES

ATTACHED SINGLE-FAMILY

1. Reduced minimum lot size of 1,400-1,600 square feet

2. no minimum lot width

3. Off-street parking reduced to one space per dwelling

4. Concurrent construction of housing and infrastructure is permitted

MULTIFAMILY

1. Four additional stories of height (maximum 15’ per story)

2. no minimum onsite vehicle parking requirement

3. Concurrent construction of housing and infrastructure is permitted

THE FULL AFFORDABLE HOUSING ORDINANCE CAN BE ACCESSED HERE

PHASES 0 & I

MILLHOUSE EAST + WEST

CLICK HERE FOR THE MILLHOUSE EAST + WEST LEASING WEBSITE

FALLON LOT 1 LAND – AVAILABLE

CLICK HERE FOR THE FULL OFFERING MEMORANDUM FOR FALLON LOT 1 LAND

LEVEL 02/03

TUCK UNDER AND SINGLE STALL PARKING WITH COMMERCIAL SPACE FALLON STREET

MAYFLY LAND – AVAILABLE

5.5 ACRES

62 UNITS

11 UNITS/ACRE

ZONING: R-4

CLICK HERE FOR THE FULL OFFERING MEMORANDUM FOR MAYFLY LAND

Mayfly

STATUS: PRELIMINARY PLAT SUBMITTED

DETACHED & ATTACHED SINGLE-FAMILY

8.7 ACRES 64 UNITS

7 UNITS/ACRE

ZONING: R-5

PHASE II

PLANNING AREA 1 LAND – AVAILABLE

STATUS: CONCEPTUAL YIELD STUDY

DETACHED & ATTACHED

SINGLE-FAMILY

4.4 ACRES

43 UNITS

12 UNITS/ACRE

ZONING: REMU AND B-2M

Detached

PA-1

CLICK HERE FOR THE FULL OFFERING MEMORANDUM FOR PHASE II LAND

The yield study and imagery shown is intended to serve as a loose guide for how the development could look once built out rather than serving as a prescriptive plan

PLANNING AREA 2 LAND – AVAILABLE

STATUS: CONCEPTUAL YIELD STUDY

ATTACHED SINGLE-FAMILY

5.0 ACRES

52 UNITS

12 UNITS/ACRE

ZONING: B-2M

The yield study and imagery shown is intended to serve as a loose guide for how the development could look once built out rather than serving as a prescriptive plan

CLICK HERE FOR THE FULL OFFERING MEMORANDUM FOR PHASE II LAND

PA-2

PLANNING AREA 4 LAND – AVAILABLE

STATUS: CONCEPTUAL YIELD STUDY

MULTIFAMILY

6.8 ACRES

190 UNITS

28 UNITS/ACRE

ZONING: B-2M

HERE FOR THE FULL OFFERING MEMORANDUM FOR PHASE II LAND

CLICK

The yield study and imagery shown is intended to serve as a loose guide for how the development could look once built out rather than serving as a prescriptive plan

PA-4

PLANNING AREA 8 LAND – AVAILABLE

STATUS: CONCEPTUAL YIELD STUDY

ATTACHED SINGLE-FAMILY

4.6 ACRES

132 UNITS

29 UNITS/ACRE

ZONING: B-2M

The yield study and imagery shown is intended to serve as a loose guide for how the development could look once built out rather than serving as a prescriptive plan

CLICK HERE FOR THE FULL OFFERING MEMORANDUM FOR PHASE II LAND

PA-8

PLANNING AREA 9 LAND – AVAILABLE

STATUS: CONCEPTUAL YIELD STUDY

ATTACHED SINGLE-FAMILY

3.6 ACRES

44 UNITS

12 UNITS/ACRE

ZONING: B-2M

The yield study and imagery shown is intended to serve as a loose guide for how the development could look once built out rather than serving as a prescriptive plan

CLICK HERE FOR THE FULL OFFERING MEMORANDUM FOR PHASE II LAND

PA-9

Existing Park

PLANNING AREA 10 LAND – AVAILABLE

STATUS: CONCEPTUAL YIELD STUDY

ATTACHED SINGLE-FAMILY

1.1 ACRES

24 UNITS

22 UNITS/ACRE

ZONING: B-2M

The yield study and imagery shown is intended to serve as a loose guide for how the development could look once built out rather than serving as a prescriptive plan

CLICK HERE FOR THE FULL OFFERING MEMORANDUM FOR PHASE II LAND

PLANNING AREA 12 LAND – AVAILABLE

STATUS: CONCEPTUAL YIELD STUDY

ATTACHED SINGLE-FAMILY

1.1 ACRES

24 UNITS

22 UNITS/ACRE

ZONING: B-2M

The yield study and imagery shown is intended to serve as a loose guide for how the development could look once built out rather than serving as a prescriptive plan

CLICK HERE FOR THE FULL OFFERING MEMORANDUM FOR PHASE II LAND

PA-12

Existing Park

PLANNING AREA 13 LAND – AVAILABLE

STATUS: CONCEPTUAL YIELD STUDY

ATTACHED SINGLE-FAMILY & MULTIFAMILY

5.7 ACRES

130 UNITS

23 UNITS/ACRE

ZONING: B-2M

Attached Single-Family Multifamily

CLICK HERE FOR THE FULL OFFERING MEMORANDUM FOR PHASE II LAND

The yield study and imagery shown is intended to serve as a loose guide for how the development could look once built out rather than serving as a prescriptive plan

PLANNING AREA 15 LAND – AVAILABLE

MIXED-USE

6.8 ACRES

180 UNITS

26 UNITS/ACRE

11,330 SQUARE FEET COMMERCIAL

ZONING: B-2M

The yield study and imagery shown is intended to serve as a loose guide for how the development could look once built out rather than serving as a prescriptive plan

CLICK HERE FOR THE FULL OFFERING MEMORANDUM FOR PHASE II LAND

Existing

STATUS: CONCEPTUAL YIELD STUDY

PLANNING AREAS 18 & 19 LAND – AVAILABLE

STATUS: CONCEPTUAL YIELD STUDY

MULTIFAMILY

1.5 ACRES

36 UNITS

24 UNITS/ACRE

ZONING: B-2M

The yield study and imagery shown is intended to serve as a loose guide for how the development could look once built out rather than serving as a prescriptive plan

CLICK HERE FOR THE FULL OFFERING MEMORANDUM FOR PHASE II LAND

PLANNING AREA 20 LAND – AVAILABLE

ATTACHED SINGLE-FAMILY

1.6 ACRES 32 UNITS 20 UNITS/ACRE

ZONING: B-2M

The yield study and imagery shown is intended to serve as a loose guide for how the development could look once built out rather than serving as a prescriptive plan

CLICK HERE FOR THE FULL OFFERING MEMORANDUM FOR PHASE II LAND

Existing

STATUS: CONCEPTUAL YIELD STUDY

PLANNING AREA 21 LAND – AVAILABLE

STATUS: CONCEPTUAL YIELD STUDY

ATTACHED SINGLE-FAMILY

2.5 ACRES

57 UNITS

23 UNITS/ACRE

ZONING: B-2M

The yield study and imagery shown is intended to serve as a loose guide for how the development could look once built out rather than serving as a prescriptive plan

CLICK HERE FOR THE FULL OFFERING MEMORANDUM FOR PHASE II LAND

PA-21

Existing Park

PLANNING AREA 24 LAND – AVAILABLE

STATUS: CONCEPTUAL YIELD STUDY

AFFORDABLE MULTIFAMILY

0.9 ACRES

30 UNITS

33 UNITS/ACRE

ZONING: B-2M

The yield study and imagery shown is intended to serve as a loose guide for how the development could look once built out rather than serving as a prescriptive plan

CLICK HERE FOR THE FULL OFFERING MEMORANDUM FOR PHASE II LAND

PA-24

PLANNING AREA 30 LAND – AVAILABLE

STATUS: CONCEPTUAL YIELD STUDY

MIXED-USE

4.9 ACRES

133 UNITS

27 UNITS/ACRE

11,330 SQUARE FEET COMMERCIAL

ZONING: B-2M

CLICK HERE FOR THE FULL OFFERING MEMORANDUM FOR PHASE II LAND

The yield study and imagery shown is intended to serve as a loose guide for how the development could look once built out rather than serving as a prescriptive plan

PLANNING AREA 32 LAND – AVAILABLE

STATUS: CONCEPTUAL YIELD STUDY

COMMERCIAL

1.6 ACRES

22,000 –30,000 SQUARE FEET

ZONING: B-2M

Conceptual imagery provided by Cushing Terrell and is for discussion purposes only

AFFILIATED BUSINESS DISCLOSURE

CBRE, Inc. (“CBRE”) operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the “Property”) and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgment of that possibility and your agreement that neither CBRE nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).

CONFIDENTIALITY AGREEMENT

Your receipt of this Memorandum constitutes your acknowledgment that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc.(“CBRE”), and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE.

The information contained in this confidential memorandum is intended solely for the recipient’s use in determining whether the recipient has an interest in the purchase of the Property. By receipt of this confidential memorandum, the recipient and its representatives recognize that the information contained herein is of a confidential nature and that they will hold and treat it as such. Without limiting the foregoing, recipient will not, directly or indirectly, disclose or permit anyone else to disclose this offering or portion thereof to any person, firm, or entity without the prior written consent of CBRE.

DISCLAIMER

This Memorandum contains select information pertaining to the Property and the Owner and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. AnY

RELIAnCE On THE COnTEnT OF THIS MEMORAnDUM IS SOLELY AT YOUR OWn RISK .

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.

All marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE.

PRESENTED BY CHRIS COWAN Vice Chairman t 303 913-0755 chris.cowan@cbre.com

MACKENZIE WALKER Senior Transaction Manager t 720 240-6670 mackenzie.walker1@cbre.com

CHRIS BURDETT Executive Vice President t 206 292-6070 chris.burdett@cbre.com MT License # 17527

BRITTNEY TATOM Senior Transaction Manager t 303 824-4709 brittney.tatom@cbre.com

JESSICA GRAHAM Investment Sales Manager t 303 583-2080 jessica.graham@cbre.com