1. J P LIVING At THE MIRAGE Phoenix, Arizona

2. J P LIVING At THE MIRAGE Project Team DEVELOPER ARCHITECT ENGINEER Joe Pinsonneault Damon Leverett, AIA Rachid Dia, P. E. Security Asset Credit Corp Durrant Group David Evans & Assoc., Inc 1330 Orange Avenue, Suite 335 410 North 44 th Street, #800 2141 E. Highland Ave, #200 Coronado, CA 92118 Phoenix, AZ 85008 Phoenix, AZ 85016 LANDSCAPE ARCHITECT CONTRACTOR PROJECT MANAGER Kristina Floor, RLA, ASLA Ken Schacherbauer A. Dean Spears Floor Associates Perini Building Company Flagstaff Airpark Holdings, LLC 1425 North 1 st Street, 2 nd Floor 360 East Coronado Road 1000 West Coy Drive Phoenix, AZ 85004 Phoenix, AZ 85067 Flagstaff, AZ 86001 REAL ESTATE BROKER REPRESENTATION Ray Pacioni Nicholas J. Woods Fairmount Corp. Snell & Wilmer 22 E. Buchanan One Arizona Center Phoenix, AZ 85004 Phoenix, AZ 85004

3. J P LIVING At The THE MIRAGE Located in the Warehouse District of downtown Phoenix, THE MIRAGE at Central and Buchanan will feature inspiring architecture, spectacular views, and exciting amenities at a moderate price.

4. THE MIRAGE Site Location

5. 1 Project location to Chase Ball Park and US Airway Center

6. Project Site Pictures Existing Condition

7. The twin-tower project design includes a podium parking structure (one level below grade and 3 levels above grade) wrapped with retail and residential units to allow for both cost-efficient construction and a neighborhood-friendly scale at the street level.

8. Street Level – Retail 2 Story Townhomes 6 Units █ Retail Units █ Total 8,399 SF To be leased at $22.00 per SF Ramps Up and Down To Parking █

9. The 3.3 acre site provides a net building area of 76,750 sf which has been designed to include 386 residential units, 4 retail units (8,399 sf) and 535 parking spaces.

10. Unit Types and Number One Bedroom Condos92 Units One Bedroom Lofts 145 Units Two Bedroom Condos 49 Units Two Bedroom Lofts43 Units Two Bedroom Townhomes 49 Units Three Bedroom Lofts 8 Units Total Number 386 Units

11. The 5 th Floor has: ☼ Swimming Pool ☼ 2 Amenity Areas ☼ Loft Units ☼ 24 Condo Units in the Towers.

12. 5 th Floor Level Pool █ Loft Units █ Tower Units █ Amenity Areas █

13. Floors 6 - 15

14. Floors 16 - 18

15. Floor 19

16. Construction Costs 386 Units Total of 367,220 SF Total Construction Cost $86,281,750.00 Total Construction Cost per Square Foot $234.96 / SF

17. Total Sales Price 386 Units Total of 367,220 SF 386 Units Total of 367,220 SF TOTAL SALES OF ALL 386 UNITS @ $420.00 Per SF $141,746,920.00

18. GROSS PROFITS AFTER AVERAGE SALES Combined Sales $141,746,920.00 Combined Sales $141,746,920.00 Less Construction Costs $ 86,281,750.00 Less Construction Costs $ 86,281,750.00 Less Land Costs $ 8,000,000.00 Less Land Costs $ 8,000,000.00 Average Gross Profits $ 47,465,170.00 Average Gross Profits $ 47,465,170.00

21. For additional information call Joe Pinsonneault 619-708-4446 Ray Pacioni 602-955-1618