IRON HORSE HILLS 186 LOTS - WD Landwdland.com/download/i/mark_dl/u/1359927/11608808/Iron Horse Hills...LOCATION MAPS Low Aerial ... limited supply of actively selling new home neighborhoods

WD Land | 94 Discovery | Irvine, CA 92618 | 949.789.4555 | BRE Lic No.: 01211887

EXCLUSIVE OFFERING MEMORANDUM

IRON HORSE HILLS │ 186 LOTSFully Entitled View Oriented Community Located in the Reche Canyon Area of Colton, CA

•

Barton Road

•

Loma Linda Medical Center

•

Cooley Plaza

•

Centerpointe Center

LOMA LINDA•

Reche Canyon Road

•

Barton Road

IRON HORSE HILLS

IRON HORSE HILLS | COLTON , CA 2

TABLE OF CONTENTS

EXECUTIVE SUMMARY 3

LOCATION MAPS

Low Aerial 6

Regional Map 7

Local Map 8

Amenities Map 9

MAPS, SITE PLANS AND RENDERINGS

Lot Summary Table 10

Building Footprint 11

Site Plan 12

Neighborhood Park 13

DEVELOPMENT

Development Overview 14

Due Diligence Materials 15

Assigned School Exhibit 16

MARKET

Demographics Overview 17

Concord Study 18

OFFERING GUIDELINES 23

Definition of a Finished Lot 24

DISCLAIMER AND DISCLOSURE 26

WD LAND CONTACT INFORMATION 27


AT A GLANCELocation Barton Road & Reche Canyon

Road within the Reche Canyon Specific Plan in the City of Colton

County San BernardinoTotal Acres 190 acresTotal Lots 186 SFR detached lotsLot Deliveries Buyer will have the ability

to begin grading with the issuance of a grading permit anticipated within approximately 6 months.

Total Neighborhoods 3 distinct lot sizes and product types allowing for strong absorption of the homes.

Entitlement Status Approved TTM #16798 and Development Agreement. DA was approved December 3, 2013. The TM expires 10 years from date DA was approved. Final Map - partially complete. Grading Plan approved by SCE and ready to submit to City.

OPPORTUNITYIron Horse Hills provides a builder the opportunity to acquire a fully approved TTM with completed Final Map and Improvement Plans. The Agency Resource permits have been approved. This site is an infill location where the local market is under supplied with lots for building. There is a limited supply of actively selling new home neighborhoods in the submarket.

Iron Horse will be the most attractively priced large lot and view oriented community in the Inland Empire, making Iron Horse a unique and stand out community with a competitive edge above the competition.

OVERVIEW OF THE LOCAL AREAIron Horse is located in the easternmost edge of Colton in the desirable Reche Canyon area. The majority of the homes in Colton are located west of Interstate 215. This community is viewed locally as part of Loma Linda given the view orientation of the lots and proximity to the Loma Linda Medical Center and retail services in Loma Linda and Redlands. Loma Linda and Redlands offer higher paying jobs and have higher priced homes thus providing a marketing advantage to Iron Horse Hills. Iron Horse is well located offering a short commute to the job centers along the Interstate 10 corridor and the Inland Empire. Job growth in the area will be significant with the concentration of well-paying jobs in the healthcare industry. The new jobs will be associated with the expansion of the Loma Linda Medical Center (LLMC) and the new development of the VA Ambulatory Center.

Commercial and retail services are located within one mile of the community and the Inland Center Mall is only three miles from Iron Horse. The close proximity to the Loma Linda Medical Center will be appealing to both family and the empty nester homebuyers.

SUMMARY OF THE COMMUNITYIron Horse Hills was designed to capitalize on the view potential of the land and will offer homes and lots that will appeal to a discerning homebuyer. The lots are segmented to allow for three distinct product lines with a range of attractive homes oriented toward entry level and move up buyers and to executives and professional business leaders. The lots are segmented as follows:

Neighborhood Unit Count Avg Lot Size (SF)

BuildingFootprint

I 62 19,023 40x60II 52 16,377 60x70III 72 18,426 50x65

EXECUTIVE SUMMARY


EXECUTIVE SUMMARY

Iron Horse Hills will be the only planned community developed for over 20 years in this submarket area that offers low density, view oriented homes in a hillside environment. Upon entering the community, buyers will immediately sense the quality and thoughtful approach to the design of Iron Horse Hills. Common area amenities will include a large park, tennis court, basketball courts, picnic pavilion and an extensive trail system adjacent to the community.

MARKET OVERVIEWA comprehensive market study was prepared by The Concord Group for Iron Horse Hills that provides pricing recommendations for the community and an analysis of the local submarket. There is a limited supply of lots and new homes available in this area. Crystal Ridge II is the only actively selling comparable community that is within close proximity to Iron Horse Hills. Crystal Ridge II has 24 remaining homes for sale. Most of the housing stock in the area consists of 30 year old product that does not offer any sense of community or sense of place.

Approximately 30% of the homes in the community offer territorial views of the valley and surrounding mountains.

The majority (55%) of the new home sales in the competitive market area over the last 10 years have taken place in the $400,000 - $650,000 price range.

In the second fastest job growth area in California, Iron Horse Hills is the only master planned view oriented community to serve the upscale market of medical and other professionals, business owners and executives. The Inland Empire, with 4.3 million residents, is generally considered the affordable alternative to living in Los Angeles or Orange County; housing alternatives for the upscale population-serving professionals is very limited and tends to be in the hillside areas. The historical center of wealth was the City of Riverside, as well

as nearby communities such as Redlands and Loma Linda; in more recent history, upscale communities were developed in Claremont and Corona. However, it’s been several years since a hillside community of the scale of Iron Horse has been developed in the vicinity. This is an infill project within easy commute of the medical centers, courts and civic centers, Universities and job centers.

See the following section on MARKET for details.

HISTORYThe partners and owners of this property originally acquired the site in 2005 and completed the entitlements. As the market declined the owners held the property and in recent years revised the maps and grading plan while obtaining the resource agency permits to allow for the development of the community. The site remains in its native condition today.

KEY HIGHLIGHTS• Fully approved TTM with DA and Grading Plans to allow

grading to commence within approximately 6 months. Grading plan is approved by SCE and ready to submit for final City approval.

• All resource agency permits have been obtained.

• Orientation in the desirable and supply constrained market of east Colton/Loma Linda.

• Product segmentation with 3 distinct lot sizes in the community.

• Large lots offering panoramic views and desirable common area amenities.


This image represents a graphic illustration of a comparable view of the subject property.

EXECUTIVE SUMMARY


LOCATION AERIAL | LOW AERIAL WITH OVERLAY

Loma Linda Medical Center

•Reche Canyon Rd

•

Barton Road


LOCATION AERIAL | REGIONAL MAP

Ontario Int’l Airport

IRON HORSE HILLS


LOCATION AERIAL | LOCAL MAP

COLTON

LOMA LINDA

LOCATION/ACCESSIron Horse Hills is located on the southeast side of the 215 freeway; south of Barton Road, west of Reche Canyon Road and north of Westwood Street, in the City of Colton

IRON HORSE HILLS

RIVERSIDE


LOCATION AERIAL | AMENIT IES MAP

Centerpointe CenterWalmart SupercenterUPS RossDenny’s Carl’s JrEl Pollo Loco7-11StarbucksJack in the BoxMcDonald’sDel TacoWendy’sBank of AmericaGiant RV

IRON HORSE HILLS

Courtyard CenterDunn Edwards PaintStarbucksArcoH&R BlockAM/PMU haulBaker’s BurgersGoodwill

Hospitality LaneSouplantationClaim JumperBlack AngusIHopRed LobsterStarbucksMcDonald’sPopeyesCamping WorldLa Quinta InnDouble TreeBest Western

LOMA LINDA

Tri-City Center7-11Mimi’s CafeTGI FridaysOlive GardenChili’s 5 Guys BurgersLa-Z BoyPet SmartOutbackHome DepotLA FitnessBest BuyCostcoStaplesEl Pollo LocoIn-N-Out BurgerSam’s Club

COLTON

Cooley PlazaPizza HutSubwayStater Bros.ChaseRite AidAmerica’s TiresWienerschnitzelT-Mobile


TRACT MAPS | LOT SUMMARY TABLE

LOTNO.

GROSS SQ. FT

LOT NO.

GROSS SQ. FT

LOT NO

GROSS SQ. FT

LOT NO

GROSS SQ. FT

LOT NO

GROSS SQ. FT

LOT NO

GROSS SQ. FT

LOT NO

GROSS SQ. FT

1 11,565 31 54,316 61 9,244 91 26,442 121 7,203 151 8,183 181 16,9852 16,284 32 35,896 62 9,246 92 11,118 122 7,310 152 8,278 182 14,9543 18,531 33 7,661 63 11,269 93 10,159 123 7,298 153 10,405 183 16,3014 8,077 34 12,111 64 13,239 94 7,365 124 7,428 154 9,346 184 15,4075 7,506 35 14,542 65 14,161 95 7,369 125 7,294 155 9,282 185 20,2106 14,805 36 8,565 66 21,729 96 7,370 126 111,093 156 17,210 186 14,4997 18,003 37 8,565 67 21,492 97 7,434 127 33,015 157 13,813 *8 9,231 38 29,801 68 33,069 98 7,200 128 39,900 158 14,255 A 3,5109 9,228 39 23,149 69 21,745 99 13,190 129 28,717 159 14,504 B 8,56210 7,419 40 23,573 70 13,575 100 89,556 130 28,115 160 14,453 C 156,33911 7,214 41 14,675 71 16,619 101 59,189 131 27,368 161 14,930 D 44,03312 31,771 42 15,159 72 20,005 102 31,594 132 89,420 162 15,555 E 297,48213 48,974 43 21,035 73 17,592 103 32,231 133 38,775 163 15,950 F 112,94014 9,485 44 22,047 74 14,479 104 43,309 134 16,121 164 7,762 G 160,41215 27,811 45 19,422 75 15,220 105 64,543 135 16,929 165 7,800 H 90,65416 22,063 46 17,276 76 16,374 106 10,633 136 16,756 166 7,800 I 57,77817 22,242 47 23,187 77 10,048 107 9,648 137 13,017 167 7,800 J 179,84918 23,317 48 57,452 78 11,163 108 14,719 138 8,832 168 7,800 K 16,66719 18,628 49 17,704 79 11,966 109 10,851 139 11,598 169 7,800 L 8,92020 21,872 50 15,406 80 10,582 110 8,432 140 8,813 170 7,800 -21 17,573 51 14,256 81 8,085 111 8,432 *141 16,249 171 7,325 M 21,09022 17,246 52 12,173 82 10,317 112 8,268 142 7,946 172 7,363 N 3,06723 25,411 53 24,238 83 11,814 113 12,096 143 7,750 173 35,83424 41,944 54 11,359 84 9,507 114 13,774 144 8,638 174 15,71725 54,978 55 7,992 85 11,679 115 10,698 145 8,972 175 16,37526 67,535 56 9,072 86 34,125 116 12,705 146 8,275 176 17,18827 38,351 57 9,277 87 18,027 117 9,342 147 8,077 177 14,904*28 28,467 58 10,071 88 19,022 118 7,337 148 8,518 178 13,32529 14,469 59 10,412 89 11,858 119 7,586 *149 8,651 178 14,03730 14,833 60 10,390 90 11,754 120 7,632 150 8,651 180 15,104


TRACT MAPS | NE IGHBORHOOD - BU ILDING FOOTPRINTS

Neighborhood I - 62 LotsLots 1 - 39 & 164 - 1867,200 S.F. Min. Lot Size

19,023 S.F. Average Lot Size

Neighborhood II - 52 LotsLots 40 - 91

7,200 S.F. Min. Lot Size16,377 S.F. Average Lot Size

Neighborhood III - 72 LotsLots 92 - 163

7,200 S.F. Min. Lot Size18,426 S.F. Average Lot Size


MAPS | SITE PLAN

DISTINGUISHED HOMESILLUSTRATIVE PLANIRON HORSE HILLS

60’ x 70’ Footprint Lots



Neighborhood I - 62 Lots (40’ x 60’ Footprint)

Neighborhood III - 72 Lots (50’ x 65’ Footprint)

Neighborhood II - 52 Lots (60’ x 70’ Footprint)


MAPS | NEIGHBORHOOD PARK


DEVELOPMENT | OVERVIEW

PROJECT SIZEA total of ±190 Acres

APNS(APN: 0164-471-01, 0164-231-36, 0276-372-03, 04, 09, 282-192-15, 23, 24, 45, 46)

NUMBER OF LOTS/UNITS186 Single Family Lots

LOT SIZES & PAD SIZESSee table pages 9 and 10.

SETBACKSFront: 18’Rear: 20’Side: see page 9 for details

ESTIMATED COST TO COMPLETEConstruction: $183,995/duFee’s and Consult: $39,875/du(includes fee credits)Reim+CFD: $55,616/duTotal: $168,254

ENTITLEMENT SUMMARYTentative Map No. 16798, Specific Plan Amendment and EIR were approved in September of 2006. Amended Development Agreement was approved December 3, 2013 by the City. Owner has received approved 1602, 401 and 404 permits.

IMPROVEMENTSSite is raw and unimproved. It is expected that the site will be mass graded in a single phase to allow for the concurrent buildout of the 3 product lines.

PRODUCTNo required product segmentation.

BONDS No bonds are outstanding.

CFD/ASSESSMENTThe City is sponsoring the CFD of approximately $40,000 per unit. The CFD will include backbone infrastructure and city fees. The seller has initiated the formation of the CFD with DPF&G. The CFD will be a credit to the Cost to Complete.

HOAThere will be an association for the slope and landscape maintenance of this community.

UTILITIES/INFRASTRUCTUREAll utilities and infrastructure are available to the site and specific details will be provided.

SERVICE PROVIDERSWater, Sewer and Electric - City of ColtonTelephone - VerizonGas - Gas Company

SCHOOL DISTRICTColton Unified School District – see attached for detail


DEVELOPMENT | DUE DIL IGENCE

The following Due Diligence Materials can be accessed with the following link:

Iron Horse Hills Due Diligence

CFD Sizing Study

Concord Study

Development Agreement

Grading Plan

Moote Study

Plot Plan

https://www.dropbox.com/sh/81kc7k2rs1c0213/AAAnxwW1iJjLxwU9FYEIye0Ra?dl=0


DEVELOPMENT | ASSIGNED SCHOOLS EXHIB IT

RECHE CANYON ELEMENTARYAPI: 815 | Great Schools: 5

3101 Canyon Vista Dr.Colton, CA 92324

TERRACE HILLS MIDDLEAPI: 780 | Great Schools: 5

22579 De Berry St.Grand Terrace, CA 92313

GRAND TERRACE HIGHAPI: 689 | Great Schools: NR

21810 Main St. Grand Terrace, CA 92313

IRON HORSE HILLS


MARKET | DEMOGRAPHICS OVERVIEW3-MileRadius

1-MileRadius

Riverside, CA

Population2019 Projection 11,715 300,432 2,449,3312014 Estimate 10,816 282,107 2,308,6102010 Census 10,020 267,049 2,189,641

Growth 2014-2019 8.31% 6.50% 6.10%Growth 2010-2014 7.95% 5.64% 5.43%Growth 2000-2010 58.55% 52.05% 41.69%

2014 Est. Pop by Single Race Class 10,816 282,107 2,308,610White Alone 56.73% 59.18% 59.53%Black or African American Alone 5.75% 5.54% 6.33%Asian Alone 8.21% 3.99% 6.26%Some Other Race Alone 22.23% 24.81% 21.35%Two or More Races 6.19% 5.23% 5.11%

2014 Est Pop Hisp or Latino by Origin 10,816 282,107 2,308,610Not Hispanic or Latino 48.43% 48.00% 52.58%Hispanic or Latino 51.57% 52.00% 47.42%

2014 Est. Population by Sex 10,816 282,107 2,308,610Male 50.22% 49.70% 49.77%Female 49.78% 50.30% 50.23%

2014 Est. Average Age 34.10 35.30 36.20

2014 Est. Pop. Age 25+ by Edu. Attainment 6,556 171,370 1,434,910High School Graduate (or GED) 30.41% 28.82% 25.66%Some College, no degree 25.32% 26.34% 26.10%Associate Degree 5.66% 6.87% 7.40%Bachelor's Degree 12.19% 9.81% 12.93%Master's Degree 3.40% 3.49% 5.13%Professional School Degree 1.01% 0.78% 1.32%Doctorate Degree 0.55% 0.47% 0.85%

2014 Est. Households by Household Type 3,180 82,850 715,501Family Households 7.80% 7.80% 7.44%Nonfamily Households 2.20% 2.20% 2.56%

2014 Est. Average Household Income $63,865 $63,922 $69,254

2014 Est. Median Household Income $54,882 $50,573 $52,648

2014 Est. Average Household Size 3.4 3.39 3.18

2014 Est. Pop. 16+ by Occupation Classification 4,276 111,829 955,906Blue Collar 20.65% 27.49% 22.56%White Collar 62.16% 51.73% 54.82%Service and Farm 17.21% 20.78% 22.62%

2014 Est. Avg Travel Time to Work in Minutes 44.36 42.31 34.38

2014 Est. Tenure of Occupied Housing Units 3,180 82,850 715,501Owner Occupied 65.85% 71.70% 67.41%Renter Occupied 34.15% 28.30% 32.59%

2014 Owner Occ. HU's: Ave. Length of Residence 11.8 12.7 13.5

2014 Est. Median All Owner-Occupied Housing Value $218,089 $194,833 $226,302

2014 Est. Median Year Structure Built** 2000 1990 1988


MARKET | THE CONCORD GROUP STUDY










OFFERING GUIDELINES

OFFER DUE DATE Offers are due on Wednesday, December 16, 2015

OFFER PREPARATIONDue diligence information is available by clicking on the following link: Iron Horse Due Diligence

PRICESubmit offer.

FEASIBILITY PERIODBuyer will have 45 days from LOI to complete a feasibility analysis of the property. A draft of the PSA from Seller will be provided to a buyer upon being awarded the project.

DEPOSITSBuyer to open escrow with a refundable deposit of $100,000. Upon approval of the feasibility period the deposit shall be increased to 10% of the purchase price, which shall become non-refundable and applicable to the purchase price.

CLOSE OF ESCROWClose of escrow will be 30 days after approval of the due diligence period.

TERMSAll cash at the close of escrow. Seller may consider structure with financing for a portion of the sales proceeds.

SELLERAMG-RECHE LLC

https://www.dropbox.com/sh/81kc7k2rs1c0213/AAAnxwW1iJjLxwU9FYEIye0Ra?dl=0


A “Finished Lot” shall include costs up to blue top pad condition and to improve the streets and underground infrastructure within the streets and right of ways including development fees, but not including the house structural building permit and plan check fees, nor any additional lot prep or house connections for ultimate home construction.

The following are costs included in our typical lot costs:

A. PROFESSIONAL SERVICES INCLUDING

1. Civil Engineering of tentative maps, final engineering plan preparation of final map and improvement plans.2. Control for the construction of grading, underground, and street improvements.3. Final monumentation including survey monuments, property corners, street center line and swing ties.4. Landscape Architect for street trees, open space lots and parks. Front, side and rear landscaping for individual houses is not included.5. Soils Engineering for field controls during grading, backbone utility backfill compaction and final reports. This does not include on-lot utility services or foundation tests.

B. FEES AND ASSESSMENTS

1. All necessary plan check and inspection fees for in tract improvements (such as grading, storm drain, sewer, water, streets and landscape as required by the conditions of approval.) 2. Bonding according to the agency’s requirements (not to exceed initial two year term). 3. Estimated lot development mitigation and connection fees based on fees in place at time of contract. THIS DOES NOT INCLUDE ANY PROPOSED FEES OR FEE INCREASES.4. School Fees are based on estimated home sizes; builder

should adjust School Fees based on their projected home sizes. C. LAND CLEARING AND GRADING

1. Site clearing, grading and compaction in substantial compliance with rough grade plans. 2. Initial erosion control measures at the completion of the grading.3. Retaining walls added by the builder for the benefit of house lot fit are not included unless otherwise provided in the Seller’s budget.

D. SEWER SYSTEM

1. Installation of public sanitary sewer collection system per the approved plans. Including service laterals installed to each residential lots’ property line closest to the sewer main.

E. STORM DRAIN SYSTEM

1. Installation of storm drainage systems per the approved plans, including any required retention and detention basins.

F. WATER SYSTEM

1. Installation of an operational public water distribution system in accordance with the approved plans.2. House water meters.

G. RECYCLED WATER

1. Installation of an operational public recycled water distribution system in accordance with the approved plans.

DEFINITION OF A FINISHED LOT


2. Landscape water meters.

H. STREET IMPROVEMENTS

1. Installation of any and all required interior streets, striping, curbs and gutters, sidewalks, drive approaches, handicapped ramps, street signs, and street lighting, as required on the approved improvement plans.2. Repair and Replace of all curb, gutter, and street improvements (not to exceed $500/lot).

I. UTILITIES

1. Installation of any and all utility lines, mains, stub-ins and facilities adequate to service the Lots; electrical conduit (or direct bury) and trenches for installation of natural gas, telephone and cable television transmission.2. Electric and gas fees and costs are included.3. Service extensions from the right of way distribution to the house are not part of the finished lot cost.4. Deposits that are refundable are credited to the Finished Lot Cost.

J. LANDSCAPING AND FENCES

1. Installation of slope landscaping over 3’; entry monumentation; greenbelt and parkway landscaping (non-lot fronting backbone streets only), pedestrian pathways, open space, park improvements as shown on the plans, if not already a master developer obligation.2. Perimeter walls as required by tentative map noise study. All other interior fences, walls, view fence, and gates are to be built by the merchant builder and are NOT part .of the finished lot costs.

K. CONTINGENCY

1. 10% contingency on hard costs only.

THE FOLLOWING ITEMS ARE NOT INCLUDED IN“FINISHED LOT” COSTS

1. Precise grading.2. Staking of 80’s and 20’s (unless detailed in Cost to Complete budget).3. Fine Grade certification.4. Lot spins, re-compaction or pre-saturation.5. Soil or lot recertification (unless detailed in Cost to Complete budget).6. Erosion control maintenance beyond 1 year.7. Spoil dirt and rough and finish pulls.8. Street cleaning or drag streets.9. Lot fencing.10. View fencing.11. House front, side, rear (including slopes less than 3’) yard landscaping including irrigation.12. Any landscaping added at the discretion of the builder (i.e. parkway or perimeter landscaping).13. HOA costs.14. Security for models.15. Weed abatement or property maintenance costs.16. Building plan check, permit fees, and inspection fees for the construction of the house. 17. House backflow or dual waste systems.18. Legal costs.19. Model plans, permits and fees.

If an item is not included on the cost to finish estimate, it is not a part of our definition of a finished lot cost.

DEFINITION OF A FINISHED LOT


QUALIFICATIONS AND DISCLAIMER

This sales information package and contents hereof, is provided for informational purposes only. Nothing contained

herein is deemed to constitute an offer of sale or to impose upon Seller, or any of their affiliates, any obligation to

negotiate the sale of any parcel or property, and all offers to purchase this property must be accepted by the Seller in

writing. No representation or warranty, expressed or implied, is made regarding the information set forth herein, the

factual accuracy or completeness of any such information or other materials contained herein. Seller reserves the right

to make changes from time to time to any of the information contained or referred to herein, to change the price and/

or terms and may withdraw the property from the market all without any obligations to notify the recipients of this

sales information package.

Any party which may enter into any written agreement to purchase the subject property shall make its own independent

investigation regarding all aspects of the subject property and the development contemplated thereon without complete

reliance upon the materials contained herein. Nothing contained herein is intended in any way to limit or mitigate the

need for any independent investigation, which a prudent buyer would be required to undertake in order to determine

all facts which could have any effect upon the acquisition or development of the subject property. Any prospective

buyers (“Buyer”) are strongly advised to investigate the condition and suitability of all aspects of the property and all

matters affecting the value or desirability of the property, including but not limited to the following items: size, lines,

access and boundaries; zoning and land use; any conditions of approval, cost and fees to develop the site; utilities and

services; environmental hazards; geological conditions; natural hazard zone; property damage; neighborhood, area

and property conditions; common interest subdivisions and owner associations; and, specialty tax. If Buyer does not

exercise these rights, Buyer is acting against the advice of WD Land. Buyer understands that although conditions are

often difficult to locate and discover, all real property contains conditions that are not readily apparent and that may

affect the value or desirability of the property. Buyer and Seller are aware that WD Land does not guarantee, and in no

way will assume responsibility for, the condition of the property. WD Land has not and will not verify any of items listed

above, unless otherwise agreed to in writing.

This sales information package is subject to changes or withdrawals without notice and does not constitute a

recommendation, endorsement or advice as to the value of the subject property by WD Land or the Seller.

This sales information package is the absolute property of WD Land and may only be used by parties approved by

WD Land. No portion of this sales information package may be copied or otherwise reproduced or disclosed to anyone

without the prior written authorization of WD Land and Seller

DISCLOSURE AND CONSENT FOR REPRESENTATION OF MORE THAN ONE BUYER OR SELLER

C.A.R. Form DA, 11/06

C.A.R. Form DA, 11/06 A real estate broker, whether a corporate, partnership or sole proprietorship, (“Broker”) may

represent more than one buyer or seller provided the Broker has made a disclosure and the principals have given their

consent. This multiple representation can occur through an individual licensed as a broker or through different associate

licensees acting for the Broker. The associate licensees may be working out of the same or different office locations.

Broker (individually or through its associate licensees) may be working with many prospective buyers at the same time.

These prospective buyers may have an interest in, and make offers of, the same properties. Some of these properties

may be listed with Broker and some may not. Broker will not limit or restrict any particular buyer from making an offer

on any particular property whether or not Broker represents other buyers interested in the same property.

Broker (individually or through its associate licensees) may have listings on many properties at the same time. As a

result, Broker will attempt to find buyers for each of those listed properties. Some listed properties may appeal to the

same prospective buyers. Some properties may attract more prospective buyers than others. Some of these prospective

buyers may be represented by Broker and some may not. Broker will market all listed properties to all prospective

buyers whether or not Broker has another or other listed properties that may appeal to the same prospective buyers.

Buyer and Seller understand that Broker may represent more than one buyer or seller and even both buyer and seller

on the same transaction.

If Seller is represented by Broker, Seller acknowledges that Broker may represent prospective buyers of Seller’s

property and consents to Broker acting as dual agent for both Seller and Buyer in that transaction.

If Buyer is represented by Broker, Buyer acknowledges that Broker may represent sellers of property that Buyer is

interested in acquiring and consents to Broker acting as a dual agent for both Buyer and Seller with regard to that

property.

In the event of dual agency, Seller and Buyer agree that: (a) Broker, without prior written consent of the Buyer, will not

disclose to Seller that the Buyer is willing to pay a price greater than the offer price; (b) Broker, without prior written

consent of the Seller, will not disclose to the Buyer that Seller is willing to sell property at a price less than the listing

price; and (c) other than as set forth in (a) and (b) above, a Dual Agent is obligated to disclose known facts materially

affecting the value or desirability of the property to both parties.

NON CONFIDENTIALITY OF OFFERS: Buyer is advised that Seller or Listing Agent may disclose the existence, terms, or

conditions of Buyer’s offer unless all parties and their agent have signed a written confidentiality agreement. Whether

any such information is actually disclosed depends on factors, such as current market conditions, the prevailing practice

in the real estate community, the Listing Agent’s marketing strategy and the instructions of the Seller.

Seller and/or Buyer acknowledges reading and understanding this Disclosure and Consent for Representation of More

than One Buyer or Seller and agree to the dual agency possibility disclosed.

IRON HORSE HILLS | COLTON , CA

TOM DOYLEFounding Partner949.789.4555, x [email protected] Lic No.: 01166180

STACEY OSSOLand Advisor949.789.4555, x [email protected] Lic No.: 01832917

www.WDLand.com

CONTACT US FOR MORE INFORMATION

Documents

IRON HORSE HILLS 186 LOTS - WD Landwdland.com/download/i/mark_dl/u/1359927/11608808/Iron Horse Hills...LOCATION MAPS Low Aerial ... limited supply of actively selling new home neighborhoods