Development & Construction Services

Capabilities Presentation

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

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

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

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

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

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