Bonita Village by sradulesku

Bonita Beach, Florida

Disclosures THIS MATERIAL IS PROVIDED FOR INFORMATION ONLY. THIS INFORMATION IS NOT AN OFFER NOR IS IT A SOLICITATION FOR AN INVESTMENT IN AN OFFERING. THIS INFORMATION IS PROVIDED ONLY TO MAKE KNOWN A PLANNED REAL ESTATE DEVELOPMENT PROJECT IN WHICH THE OPPORTUNITY FOR INVESTMENT MAY BE MADE AVAILABLE IN THE FUTURE. IF, AS, AND WHEN ANY SUCH OPPORTUNITY IS MADE AVAILABLE IT WILL ONLY BE MADE TO QUALIFIED PERSONS AND ACCOMPANIED BY ALL APPROPRIATE INVESTMENT INFORMATION, OFFERING MATERIAL AND DOCUMENTS TO BE PROVIDED TO PROSPECTIVE INVESTORS. AT THIS TIME NO MONEY OR INVESTMENTS ARE REQUESTED. NO COMMITMENTS TO INVEST ARE REQUESTED, AND IF MADE, WILL NOT BE ACCEPTED. IF MONEY IS OFFERED OR PROVIDED IT WILL BE RETURNED. THE CONTENT PROVIDED IN THE MEMORANDUM IS INFORMATIONAL ONLY.

www.3bl.ventures

27901 Bonita Village Blvd, Bonita Springs, FL 34134

Project Summary BONITA VILLAGE CONDOMINIUM DEVELOPMENT Equity Investment: $### Investment Term: 35 Months

Projected IRR: 36% Projected Equity Multiple: 2.43x

Unit Count: 100 Average Unit Size: 1,360sf

3BL Ventures, LLC is offering its investors the opportunity to invest in the ground up development of phase 2 to Bonita Village; an existing successful mixed use project located in Bonita Springs FL. 3BL Ventures, LLC is acquiring the rights to develop 100 condominiums for $6,300,000. The total equity being raised is $5,200,000.

Bonita Village Maps intersection of Lee and Collier counties and located just 1.4 miles from the beach. The first phase was Bonita Village is situated atGoogle the built in 2006 with 80 1, 2, and 3 bedroom condominiums all presold prior to construction completion. The developer also completed a beautiful resort pool with professional tiki bar (â&#x20AC;&#x153;The Groggy Frogâ&#x20AC;?), a quiet pool with reflecting lake and fountains, and a large clubhouse with professional fitness center, a media/game/billiards room, corporate office space, on-site rental management offices and a large community room overlooking the resort pool. Due to the strong seasonal demand for rentals within the community, the majority of the existing 80 condo owners either rent out their condos individually or place them in a rental program operated on-site. Occupancy during season is always 100% at rates sufficient for owners to more than cover their annual expenses during the 3-month season. Guests mostly enjoy the resort pool and occasionally use the on-site shuttle to travel back and forth to the beach (1.4 mile, 2 minute ride).

Bonita Village

https://ww

Conceptual images of the new building to be built

An open breezeway connects the redesigned quiet pool with the new resort pools.

Bonita Bonita Vil Villlage age Bonita Springs Florida

Bonita Springs Florida

Location Bonita Village is located in the fastest growing MSA in the country along the only path to the beach for over 5 million annual visitors and most proximate access to Lovers Key State Park (with over 1.2 million annual visitors) as well as being only 1.4 miles from Barefoot Beach (ranked 2nd best beach nationally). All other new condominium projects west of US41 (the main north/south corridor in SWFL) have minimum pricing starting at $1.3MM. Bonita Village is the only new development with affordable pricing ($350k - $550k) and the only new project in SWFL directly on the main access road to the beach.

Population Growth With great weather, no income tax, business friendly regulations and a strong job market, Florida population growth far outpaces northern states. Visitors looking to enjoy Floridaâ&#x20AC;&#x2122;s warm, sunny winters choose to relocate to the southern part of the state where winter temperatures average above 70 degrees. While Southeast Florida gets most of the attention, itâ&#x20AC;&#x2122;s actually Southwest Florida that is growing at a much faster rate.

State Population

South Florida County Population Growth Florida New York

20M 18M

1200%

16M 14M

Illinois

12M 10M 8M 6M 4M

1000%

1970

1975

1980

1985

1990

1995

2000

2005

2010

2015

Collier Lee

800%

Michigan New Jersey

600%

Massachusetts Minnesota

400% 200%

2M 0

1400%

Broward Miami-Dade 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025 2030 2035 2040

Collier County Naples has historically been the wealthiest city in Southwest Florida. The main activity center was always in the southern portion of the city near the multi-million dollar homes of Port Royal and the retail and restaurants of 5th Avenue. However, with Naples almost entirely built out near the beach, future development only has two paths, north and east. The wealthier residents live in Southwest Florida for the proximity to the beach so the more expensive development is moving north and staying close to the beach. The developments further east and away from the beach are generally the lower priced projects. With a fervent anti-development political stance, Naples does not afford many opportunities for additional development near the beaches. As the population growth has shifted north, so has the nexus of Naples activity. The 53 acre Mercato retail and entertainment center completed in 2009 further cemented North Naples as the premiere city location. More recently the largest new Mercedes dealership in Southwest Florida opened north of Mercato in Bonita Springs.

Bonita Village

Mercedes Benz

Mercato

5th Avenue

Lee County According to Moodyâ&#x20AC;&#x2122;s Analytics, the Fort Myers-Bonita Springs-Estero-Cape Coral MSA is the fastest growing MSA in the USA

Population Growth in 2016

Projected Population Growth in 2017

Net Domestic Migration

Projected Employment Growth in 2017

Projected Output Growth in 2017

3.39% 3.61% 3.10% 3.83% 6.82%

2016 2017 2016 2017 2017

TOPTOP INTERNATIONAL INTERNATIONA TOP INTERNA + .2% THE LEE COUNTY TRAVEL MARKET 3,023,0213,023,021+ .2% + .2% + .2% FEEDER FEEDER MARKETS FEEDER MARKETS MAR PAID ACCOMMODATIONS PAID ACCOMMODATIONS 3,015,974 3,015,9743,023,021 3,015,974 THEPAIDLEEACCOMMODATIONS COUNTY TRAVEL MARKET 1,895,742 - 4.6% THE LEE COUNTY TRAVEL MARKET FRIENDS/RELATIVES 1,987,596 1,895,742 1,895,742- 4.6% - 4.6% - 4.6% FRIENDS/RELATIVES FRIENDS/RELATIVES FRIENDS/RELATIVES 1,987,596 1,987,5961,895,742 1,987,596 FOR MORE INFORMATION, VISIT FORTMYERS-SANIBEL.COM TOP INTERNATIONAL 2014 2015 % CHANGE ESTIMATED VISITATION GERMANY GERMAN - 1.7%GERMANY TOTAL VISITATION 5,003,570 Lee County 4,918,763 4,918,763 4,918,763 - 1.7% - 1.7% 4,918,763 - 1.7% TOP INTERNATIONAL TOTAL TOTAL VISITATION VISITATION TOTAL VISITATION 5,003,570 5,003,570 5,003,570 2014 2015 % CHANGE ESTIMATED VISITATION TOP INTERNATIONAL 2014 2015 % CHANGE ESTIMATED VISITATION 3,023,021 + .2% FEEDER MARKETS PAID ACCOMMODATIONS 3,015,974 UP UP UP THE LEE COUNTY MARKET 3,023,021 + .2% FEEDER MARKETS PAID ACCOMMODATIONSTRAVEL 3,015,974 3,023,021 + .2% FEEDER MARKETS PAID ACCOMMODATIONS 3,015,974 1,895,742 - 4.6% FRIENDS/RELATIVES 1,987,596 20142014 2015 20142015%2015 CHANGE % CHANGE % CHANGE ESTIMATED ESTIMATED ESTIMATED VISITATION VISITATION VISITATION

PAID ACCOMMODATIONS FOR MORE INFORMATION, VISIT FORTMYERS-SANIBEL.COM

FRIENDS/RELATIVES 1,987,596 THE LEE COUNTY TRAVEL MARKET

OURISM TOTAL VISITATION ED ESTIMATED VISITATION

NT)

2014

ESTIMATED VISITATION

4,918,763

5,003,570

2015

55MM VISTORS! 4.6%

MORE THAN3,023,021 HALF STAYED IN + .2% PAID ACCOMMODATIONSTOTAL (3M)VISITATION UP

3,015,974

FRIENDS/RELATIVES DIRECT VISITOR

1,895,742 4.6% 1,987,596 74% OF THOSE WERE U.S. RESIDENTS-(2.24M) - 1.7%VISITORS 5,003,570 MORE THAN 4,918,763 780K WERE INTERNATIONAL

VISTORS!

TOTAL VISITATION

IED

VISTORS!

YOY %

MIDWEST

533K

DOWN

+1.0%

$708

+10.5%

$273

*+3.4% FLORIDIANS REPRESENTED 176K OF SOUTH REGION

DOWN

(24%)

1.1M

$747

GERMANY

MORE THAN 780K WERE INTERNATIONAL VISITORS MORETOP THANREGIONAL 780K INTERNATIONAL VISITORS TOP REGIONAL TOP WERE REGIONAL FEEDER FEEDER MARKETS FEEDER MARKETS MARKETS

DOWN

273

9% 1.1 1.1 DOWN

DOWN

(24%)

DOWN

(50%)

12273 % K

+5.4%

(23%)

DIENCE

WEB

MEDIA

UP BY 25%1.1

510

533

5.9% 5.8%

*FLORIDIANS REPRESENTED SOUTH 176K OF SOUTH REGION

(23%)

510K

1.5 1.5

510 510

196 K CANADA (23%)

12%

27%

1.5

196K

4.9% 4.6%

110,337 103,547

1.5% DOWN

(23%)

132,404 129,009

(24%)

(23%)

177K

MINNEAPOLIS-SAINT PAUL BOSTON (MANCHESTER, NH)

533K

(24%)

*FLORIDIANS REPRESENTED SOUTH DOWN% % K 176K*FLORIDIANS OF SOUTH REGION 2015 REPRESENTED TOP 2015DMAS TOP2015 DMAS (PAID TOP(PAID ACCOMMODATIONS) DMASACCOMMODATIONS) (PAID ACCOMMODATIONS) DOWN (23%) K 176K OF SOUTH REGION

CHICAGO 1 INDIANAPOLIS 2

DOWN

(24%)

MINNEAPOLIS-SAINT MINNEAPOLIS-SAINT MINNEAPOLIS-SAINT PAUL PAUL PAUL 5.9% 5.9%NORTHEAST 5.9% 132,404132,404 4% 132,4041 3 % 5.8% OF ALL TOURISM SPENDING DOWN BOSTONBOSTON (MANCHESTER, BOSTON NH)(MANCHESTER, 5.8% 129,009 129,009 129,0092 (MANCHESTER, NH)2015 NH) 5.8% TOP DMAS (PAID ACCOMMODATIONS) 533 K MIDWEST DOWN $2,997 +4.6% 2015 TOP ACCOMMODATIONS) NEW(PAID YORK NEW NEWDMAS YORK YORK 5.7% 5.7% (24%) 5.7% 127,312127,312 127,3123 2015CHICAGO TOP DMAS (PAID ACCOMMODATIONS) MINNEAPOLIS-SAINT PAUL132,404 5.9% 2015 TOP DMAS (PAID ACCOMMODATIONS) NORTHEAST 4.9% 4.9% 4.9% 110,337110,337 CHICAGO MINNEAPOLIS-SAINT PAUL CHICAGO1.1 M 5.9% 1 110,3374 (50%) BOSTON (MANCHESTER, NH) 5.8% % BOSTON MINNEAPOLIS-SAINT PAUL 132,404 INDIANAPOLIS INDIANAPOLIS INDIANAPOLIS 4.6% 103,547103,547 NH) 5.8%5.9% 4.6% 4.6% 129,009 2 1 103,5475 % 5.9% MINNEAPOLIS-SAINT PAUL 132,404 DOWN 1 (MANCHESTER, NEW YORK K BOSTON (MANCHESTER, NH) 5.8% 129,009 2 79,7826 MIDWEST DOWN CLEVELAND-AKRON CLEVELAND-AKRON (CANTON) (CANTON) 3.6% 3.6% 79,782 79,782 CLEVELAND-AKRON (CANTON) 3.6% NEW YORK 5.7% 127,312 3 5.7% BOSTON (MANCHESTER, NH) 5.8% 2 (24%) 129,009 SOUTH NEW YORK 5.7% 127,312 3 78,0857 CHICAGO 4.9% CHICAGO 4.9% 110,337 4 DETROIT 3.5% DETROIT DETROIT 3.5% 3.5% 78,085 78,085 OVERALL SITE NEW YORK 1.5% 5.7% 127,312 3 *FLORIDIANS REPRESENTED M CHICAGO 4.9% 110,337 4 76,3878 DOWN INDIANAPOLIS 4.6% 103,547 5 VISITATION CHICAGO COLUMBUS, OH COLUMBUS, OH 3.4% 3.4% 76,387 76,387 COLUMBUS, OH 3.4% INDIANAPOLIS 4.6% 4.9% 110,337 176K OF SOUTH 4 REGION (50%) 510K INDIANAPOLIS 4.6% 103,547 5 (23%) 2.7% 79,782 CLEVELAND-AKRON (CANTON) 3.6% 6 PHILADELPHIA PHILADELPHIA PHILADELPHIA 2.7% 2.7% 59,412 59,412 59,4129 CLEVELAND-AKRON (CANTON) 3.6% INDIANAPOLIS 4.6% 729M GROSS IMPRESSIONS 103,547 5 OVER PARTNERS 526K+ REFERRALS TO INDUSTRY CLEVELAND-AKRON (CANTON) 3.6% 79,782 6 DETROIT 3.5% 78,085 7 CINCINNATI CINCINNATI 2.6% 2.6% 57,715 57,715 57,71510 CINCINNATI 2.6% CLEVELAND-AKRON (CANTON) 3.6% 79,782 6 DETROIT 3.5% SOUTH DETROIT 3.5% 2.2% 2.2% 76,387 78,085 7 49,22711 % COLUMBUS, OH 3.4% 8 MIAMI-FORT LAUDERDALE MIAMI-FORT LAUDERDALE MIAMI-FORT LAUDERDALE 2.2% 49,227 49,227 DETROIT 3.5% 78,085 7 ENEWS SIGNUPS APPROXIMATELY $1.3M IN ADDED-VALUE MEDIA 52K+*FLORIDIANS REPRESENTED COLUMBUS, OH 3.4% DOWN COLUMBUS, OH 76,387 PHILADELPHIA 2.7%3.4% 2.0% 2.0% 59,412 MILWAUKEE MILWAUKEE 2.0% 44,135 44,1359 8 44,13512 MILWAUKEE COLUMBUS, OH 3.4% K 76,387 2015 TOP 8DMAS 176K OF SOUTH REGION (PAID ACCOMMODATIONS) PHILADELPHIA (23%) PHILADELPHIA 59,412 9 OVER CINCINNATI 2.6%2.7% 57,715 10 2.7% 236K+ GUIDEBOOK REQUESTS PHILADELPHIA 2.7% 73M CO-OP MARKETING 59,412 IMPRESSIONS 9 CINCINNATI 2.6% CINCINNATI 2.6% 57,715 10 MIAMI-FORT LAUDERDALE 2.2% 49,227 11 PAUL 5.9% 132,404 1 CINCINNATI 2.6% 57,715 MINNEAPOLIS-SAINT 10 MIAMI-FORT LAUDERDALE 49,227 112 MIAMI-FORT 2.0%2.2% LAUDERDALE44,135 12 2.2% (MANCHESTER, NH) 5.8% 129,009 MIAMI-FORT LAUDERDALE 2.2% 49,227 BOSTON MILWAUKEE 11 2.0% 44,135 12 MILWAUKEE 2.0% 44,135 NEW YORK MILWAUKEE 12 5.7% 127,312 3 2015 TOP DMASMILWAUKEE (PAID ACCOMMODATIONS) 2.0%

$509

273 273

K MORE THAN HALF STAYEDTOP IN REGIONAL FEEDER MARKETS CANADA CANAD K CANADA UP K PAID ACCOMMODATIONS (3M) UP UP UP TOP74%REGIONAL FEEDER MARKETS NORTHEAST NORTHEAST NORTHEAST OF THOSE WERE U.S. RESIDENTS (2.24M) 4 % 4 % 4 % TOP REGIONAL FEEDER 3% 3%MARKETS 3533 % NORTHEAST 4CANADA K 533K 533K MIDWEST MIDWEST MIDWEST MORE THANCANADA 780K WERE INTERNATIONAL VISITORS % CANADA 3% DOWN UP

(50%)

OR 1.5 TOP REGIONAL FEEDER MARKETS 510

70%

FEEDER MARKETS 9% 74% OF THOSE WERE U.S. RESIDENTS (2.24M)

(50%)

UP 8.3% TOSOUTH $2.1B

FEEDER MARKETS 99%GERMANY 273 K 273 K K %273

PAID VISTORS! ACCOMMODATIONS (3M) PAID ACCOMMODATIONS (3M) - 1.7% 74% 5,003,570 OF THOSE WERE4,918,763 U.S. RESIDENTS (2.24M)

1.1M M NORTHEAST M MIDWEST DOWN 4% UP NORTHEAST DOWN 3% 1.14M% 533 K MIDWEST DOWN 3% (50%) SOUTH533 SOUTH SOUTH DOWN K 1.5% 1.5% MIDWEST DOWN 1.5% *FLORIDIANS *FLORIDIANS REPRESENTED *FLORIDIANS REPRESENTEDREPRESENTED 1.1M DOWN DOWN DOWN 510 K 510 K 510 K 176K OF 176K SOUTHOFREGION SOUTH 176KREGION OF SOUTH REGION 1.1M SOUTH TOP REGIONAL FEEDER MARKETS

74% OF THOSE WERE U.S. RESIDENTS (2.24M) PAID ACCOMMODATION NORTHEAST 4%VISITORS MORE THAN 780KSPENDING WERE INTERNATIONAL GUEST 3%

CHANGE VISTORS! $760 +3.1%

(MILLIONS)

VISTORS!

MORE THAN HALF STAYED IN TOPACCOMMODATIONS REGIONAL FEEDER MARKETS PAID (3M)

Y CATEGORY OF EXPENSE

2015

$ B

99 9

5M5M5TOP M INTERNATIONAL 5M GERMANY2015 2014

74% OF74% OF3,023,021 THOSE 74% WERE OFWERE U.S. THOSE RESIDENTS U.S. WERE RESIDENTS (2.24M) RESIDENTS (2.24M) UP +U.S. PAID ACCOMMODATIONS 3,015,974 74% OF.2% THOSE WERE(2.24M) U.S. RESIDENTS (2.24M) UPTHOSE %FRIENDS/RELATIVES CHANGE MORE THAN HALFTHAN STAYED ININTERNATIONAL MORE MORE THAN 780K MORE 780K WERE THANWERE 780K INTERNATIONAL WERE INTERNATIONAL VISITORS VISITORS 1,895,742 - 4.6% 1,987,596 THAN 780K WEREVISITORS INTERNATIONAL VISITORS MORE THAN HALF STAYED IN MORE VISTORS! VISTORS! VISTORS!

PAID ACCOMMODATIONS

5M SPENDING

MORE THAN HALF STAYED IN GERMANY TOPGERMANY INTERNATIONAL % CHANGE PAID ACCOMMODATIONS (3M) %% % UP

1,895,742 - 4.6%IN 1,987,596 MORE MORE THAN THAN MORE HALFHALF THAN STAYED STAYED HALF IN 4,918,763 -IN 1.7%STAYED 5,003,570 PAID PAID ACCOMMODATIONS ACCOMMODATIONS PAID (3M) (3M) (3M) 4,918,763ACCOMMODATIONS - 1.7% 5,003,570

-FRIENDS/RELATIVES 4.6% TOTAL VISITATION TOTAL - 1.7% VISITATION

1,895,742

3,023,021

3,015,974

4 5

1 2 3 4 5 6 7 8 9 10 11 12

1 2 3 4132,404 5129,009 6127,312 7110,337 8103,547 979,782 10 78,085 1176,387 12

59,412 57,715 49,227 44,135

12%12 273 K %12%

1212%%196196 K 196 K K CANADA

196 196K KUKUP UK UP UP 12 % UK UK 1 2 UP34 UP 5 6 7 8 9 10 11 12

UK UP

2727 % %27%

K 2727%196 %177177 K K177K

177 177K KUK UP

Bonita Beach Road At the intersection of Lee and Collier County, Bonita Beach Road is Southwest Florida’s “gateway to the gulf”. After years of neglect, the City of Bonita Springs engaged Toole Design Group to complete a year long study on an aesthetic improvement to the road modeled after the just completed $20MM landscape and roadwork improvement completed in downtown Bonita Springs. The recommendations are now complete and the city is finalizing traffic studies prior to commencement of the beautification work which will include pedestrian walkways, expanded sidewalks and bike paths along with improved streetscape and landscaping. Through this newly beautified gateway, residents and guests will access Barefoot Beach state park (ranked #2 beach in America), situated in the back of the Barefoot Beach residential neighborhood of multi-million dollar homes. Further north along the beach, visitors can visit multiple public beaches, including one of the world’s most unique dog beaches where dogs can swim from island to island in shallow waters. Dog Beach is the first beach on Lovers Key State Park, one of Florida’s most beautiful parks with 1.2 million annual visitors.

Lovers Key State Park

Bonita Village

Barefoot Beach

Market Fundamentals With the fastest population growth, fastest job growth and fastest output growth in the country, the SWFL market is currently very strong.

1H 2016

1H 2017

% Change

1034

1199

16.0%

$###.###

14.3%

Average Price:

$###.###

9.3%

Median Price:

$###.###

4.4%

SWFL Residential Sales Closed Sales: Dollar Volume: Bonita Springs Mid-Rise Condos

In a strong market the most likely risk for market softening is overbuilding and too much supply. The anti-growth policies in SWFL and strong NIMBY resident attitudes inhibit opportunities for developers to get the necessary approvals to add more density close to the beach. Most new developments are built far to the east of the coastal region. Projects near the beach have all been grandfathered from approvals received decades ago. Those projects take advantage of their density by competing at the top end of the market leaving an unmet demand in the more affordable $350k - $550k segment. There are only 6 new condo projects in all of North Naples, Bonita Springs, and Estero west of US41. Four of the six are offering condos starting at $1.4MM and reaching $6MM. The fifth condo project is a midrise located 15-20 minutes from the beach without views and priced from $750k - $1.5MM. The sixth condo is Bonita Village priced between $350k - $550k. All other condos west of US41 are at minimum 10 years old.

Condos for Sale

Aqua $2MM - $6MM

Alteira $1.1MM - $6MM

Kalea Bay $1.5MM - $4MM

Cielo $750k - $1.5MM

Seaglass $1.3MM - $4MM

Bonita Village $350k - $550k

Investment Terms HOLDING ENTITY

Bonita 100, LLC is a single asset Limited Liability Company with our investors as Members.

MANAGER

3BL Ventures, LLC will be the Manager for Bonita 100, LLC, the purchasing entity.

INVESTMENT TERM

The estimated investment term will be 33 months.

INVESTOR RETURN STRUCTURE

Proceeds from Bonita 100, LLC will be split between Members and Manager as follows:

First distributions will pay back invested capital.

Next distributions will be paid solely to Members until Members have achieved a 10% IRR on invested capital.

Next distributions will go to Manager until overall profit distributions meet an 80% Member / 20% Manager split.

Next distributions will be paid proportionally 80% to Members and 20% to Manager until project IRR reaches 35%.

Above project IRR of 35%, distributions will be paid proportionally 70% to Members and 30% to Manager.

Financials PROJECT LEVEL RETURNS

LIMITED PARTNERS

EQUITY

$######

EQUITY INVESTMENT

$######

NET PROFIT (PBTCF)

$######

NET PROFIT (PBTCF)

$######

EQUITY MULTIPLE

2.43x

EQUITY MULTIPLE

2.14x

IRR

36%

IRR

30%

HOLDING PERIOD (MONTHS)

Opportunity Bonita 5 LLC will purchase a single pad site and develop a 7 story mid-rise building within the Bonita Village PUD.

Equity Raise: $######

The Sponsors will perform all sales/marketing and development functions on behalf of the investors and earn a 2.5% management fee. Investors will receive all profits until the project achieves a 15% IRR. Above 15% IRR, all additional profits will be split 80% to investors and 20% to Sponsors. Located in a premiere location, the Bonita Village PUD is well established with amenities, on-site rental management and a strong record of unit sales. The next building is entitled, designed, and ready to begin sales. The expected project hold period from investment to turnover is 30 months.

Timeline April 15, 2018

July, 2019

October 2020

Start Pre-Sales

Groundbreaking

Sellout and building turnover

SALES

EXPENSES

Proceeds From Condo Sales

$######

Site Acquisition Costs

$######

Escrow Interest

$######

Hard Development Costs

$######

Gross Income

$######

Soft Development Costs

$######

Total Debt Expense

$######

Total Expenses

$######

PROJECT LEVEL EQUITY

$######

NET PROFIT (PBTCF)

$######

Team 3BL Ventures LLC is an affiliate of Realco Group, created to focus on a triple bottom line sustainable development model. With a strong team of experienced developers 3BL is guided by the principle that healthy vibrant economically strong and diverse communities lead to greater project gains. We consider development decisions using a 360 degree model considering community, environmental, and financial impacts. In the process, we achieve above market returns for our investors. Our 15 person team is led by Omer Dror, Larry Pearce, and Tom Runyon.

Omer Dror | Founder & Principal With over 20-years experience leading his own real estate development investments, Omer has created value for investors across every product type. Mostly focused on Florida markets, Omer has been the lead sponsor on over $100M in deal flow ranging from office parks to value add multifamily and ground up residential. A graduate of Yale University with an MBA in business development, Omer is currently completing another Masters degree in Real Estate Development from MIT focused on technological innovations in the built environment.

Lawrence L. Pearce | Development Partner Lawrence L. Pearce in 1975 became a co-founder of the Realco Group where he maintains executive responsibility for the Realco Group’s real estate development projects. Mr. Pearce has a B.S. Degree from Purdue University (1966) and an M.B.S. Degree from the University of Chicago (1968). Mr. Pearce’s recent development projects with The Realco Group have included (A) 300 residential condominium homes in S.W. Florida with a market value in excess of $100 million; and (B) Mixed-use Downtown Developments: the Torpedo Factory redevelopment of the Potomac Riverfront in “Old Town” Alexandria, VA in partnership with the City of Alexandria and representing a market value of $150 million; and City Market in Historic Downtown Savannah, GA including four city blocks and a market value of $28 million.

Tom Runyon | Director of Operations Experienced local professional and a 42-year resident of Lee County, FL. Former Florida Class A General Contractor and developer who led a construction management firm to a production level of over 100 single family homes annually for five consecutive years. Chosen as one of the first contractors by the Bonita Bay Group to oversee sales and construction for Laurel Ridge, a unique private single family home enclave within Bonita Bay, he has led numerous successful design, sales and build teams throughout Southwest Florida. In his current position, Tom manages the three member Associations at Bonita Village, as well as the on-site real estate brokerage and rental management company. Tom serves on the Bonita Village CDD board and was instrumental in the entitlement process at Bonita Village, including his role as the point person responsible for coordinating the professional development team to gain City of Bonita Springs Zoning approvals. Tom has a Florida Real Estate Broker license, a Florida Community Association Manager license, an undergraduate degree in Business from the University of South Florida and an MBA from Florida Gulf Coast University. He is also a graduate of Leadership Bonita.

27901 Bonita Village Blvd, Bonita Springs, FL (786) 250-1550 www.3bl.ventures