OFFERING MEMORANDUM KPO PROPERTIES COLUMBIA, MO...4 property overview kpo properties: 3902 rock quarry rd. 3604 hermitage 1805 - 1931 juniper circle 1800 - 1815 quarry park 3700 -

OFFERING MEMORANDUMKPO PROPERTIES COLUMBIA, MO

Confidentiality Agreement

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Maher Commercial Real Estate, and should not be made available to any other person or entity without the written consent of Maher Commercial Real Estate. This offering memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Maher Commercial Real Estate has not made any investigation, and makes no warranty or representation with respect to any of the information included in this offering memorandum. The information contained in this offering memorandum has been obtained from sources we believe to be reliable. Maher Commercial Real Estate, however, has not verified, and will not verify, any of the information contained herein.

Maher Commercial Real Estate has not, and will not, conduct any investigation regarding these matters, and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. Any potential buyer must take appropriate steps to verify all of the information set forth herein.

The information contained herein is for illustration only - dimensions are approximate only. This information is not to be reproduced or used for construction or permitting. The information contained within this offering memorandum is believed to be accurate as of the date of input, however, Maher Commerdal Real Estate assumes no responsibility for the accuracy of the information provided.

OFFERING MEMORANDUM • KPO PROPERTIES COLUMBIA, MO 3

Table of Contents

PROPERTY OVERVIEW..............................................4AERIALS.....................................................................7COLUMBIA DEMOGRAPHICS.................................9FINANCIAL & RENT ROLL......................................10CONTACT INFO.....................................................13


Property Overview

KPO PROPERTIES:

3902 ROCK QUARRY RD.

3604 HERMITAGE

1805 - 1931 JUNIPER CIRCLE

1800 - 1815 QUARRY PARK

3700 - 3825 VILLAGE PARK

100 353133 BEDSTOTAL UNITSOCCUPANCYRATE

%

46 872BR UNITS 3BR UNITS


JUNIPER RIDGE

ROCK QUARRY VILLAGE

HERMITAGE APARTMENTS

Property Overview


KPO Properties was founded to provide high quality housing and service at reasonable prices for the population of university students and residents of Columbia, Missouri. This property nicely fits the niche between the new, luxury student housing that is very expensive and unaffordable to many, and the inexpensive housing that is available to virtually all budgets but is old and in relatively poor repair. Branded as such, this property has enjoyed 100% occupancy for 15 years, and usually has a waiting list for tenancy. The ownership prides itself in providing comfortable units at affordable rates, rapidly-responsive, high-quality service and polite, helpful management. All the units provide garages with garage door openers, plenty of additional parking, vaulted ceilings, ceiling fans, full sets of kitchen appliances, washers and dryers, microwave ovens, over-sized or walk-in closets, private bathrooms, plenty of storage, fireplaces and landscape maintenance including snow removal, although specific features may vary by unit. Additionally, all the units are cable and internet ready. These units are in an area of town that is considered most desirable by residents and students who prefer to live off-campus.

KPO Properties, LLC


Aerials


Columbia is the fourth largest city in Missouri at nearly 120,000 residents. Boone county which Columbia resides is home to roughly 175,000 people. Studies frequently rank Columbia as a top city in which to live for educational facilities, health care, technology, economic growth, cultural opportunities, and cost of living. The city has been ranked as high as the second-best place to live by Money Magazine’s annual list and is regularly in the top 100. The city of Columbia is located on Interstate 70, roughly equidistant from the cities of St. Louis and Kansas City. Greater St. Louis is 70 miles to the east while Kansas City is 100 miles to the west. Columbia serves as the home of the main campus for the University of Missouri, as well as the campuses of Columbia College and Stephens College. Over half the population of Columbia holds a bachelor degree and over a quarter have a Masters degree, placing Columbia in the top 20 list of most highly educated municipalities. With a low cost of living, it does not take a large amount of income to make your family comfortable in Columbia. The high standard of living has resulted in a steady population increase year over year. In the past five years Columbia’s population has grown by nine percent. With new employers Smith & Wesson and Aurora Farms building facilities in the Columbia area, the population will continue to steadily grow. These new employers plan to provide hundreds of jobs to residents in Boone County. Overall, the City of Columbia provides a bountiful supply of resources & entertainment for residence and tourists.

Demographics


Financials & Rent Roll

Ordinary Income/ExpenseIncome Fee Income Rental IncomeTotal Income

Gross Profit Expense Advertising and Marketing Bank Fees/Charges/Errors Cleaning & Maintenance Insurance Legal and Professional Fees Office/Corporate Expenses Taxes Travel & Mileage Utilities Wages and Salary Expenses Total Expense

Net Ordinary Income

Other Income/Expense Other Income Interest Income Other Income Total Other Income

Net Other Income

Net Income

KPO - NOI - FY2016 January - December 2016

2,204.001,206,035.621,208,239.62

1,208,239.62

5,373.7540.00

66,074.8660,039.86

6,082.002,071.31

102,314.381,055.13

10,450.83117,314.49

370,816.61

837,423.01

373.45-130.00243.45

243.45

837,666.46


Unit BR Target Rent3604 A Hermitage 2 $600.003604 B Hermitage 2 $600.003604 C Hermitage 2 $600.003604 D Hermitage 2 $600.003604 E Hermitage 2 $600.003604 F Hermitage 2 $600.003604 G Hermitage 2 $600.003604 H Hermitage 2 $600.00

1805 Juniper Circle 3 $885.001807 Juniper Circle 3 $885.001809 Juniper Circle 3 $885.001809 Juniper Drive 3 $885.001811 Juniper Circle 3 $885.001811 Juniper Drive 3 $885.001812 Juniper Circle 3 $885.001813 Juniper Circle 3 $885.001814 Juniper Circle 3 $885.001815 Juniper Circle 3 $885.001817 Juniper Circle 3 $885.001819 Juniper Circle 3 $885.001900 Juniper Circle 3 $885.001901 Juniper Circle 3 $885.001901 Juniper Drive 3 $885.001902 Juniper Circle 3 $885.001903 Juniper Circle 3 $885.001903 Juniper Drive 3 $885.001904 Juniper Circle 3 $885.001905 Juniper Circle 3 $885.001905 Juniper Drive 3 $885.001906 Juniper Circle 3 $885.001907 Juniper Circle 3 $885.001907 Juniper Drive 3 $885.001908 Juniper Circle 3 $885.001909 Juniper Circle 3 $885.001909 Juniper Drive 3 $885.001910 Juniper Circle 3 $885.001911 Juniper Circle 3 $885.001911 Juniper Drive 3 $885.001913 Juniper Circle 3 $885.001913 Juniper Drive 3 $885.00

1914 Juniper Circle 2 $700.001915 Juniper Circle 3 $885.001915 Juniper Drive 3 $885.001916 Juniper Circle 2 $700.001917 Juniper Circle 3 $885.001918 Juniper Circle 3 $885.001919 Juniper Circle 3 $885.001920 Juniper Circle 3 $885.001921 Juniper Circle 3 $885.001923 Juniper Circle 3 $885.001925 Juniper Circle 3 $885.001927 Juniper Circle 3 $885.001929 Juniper Circle 3 $885.001931 Juniper Circle 3 $885.00

3800 A Rock Quarry Rd 3 $885.003800 B Rock Quarry Rd 3 $885.003800 C Rock Quarry Rd 3 $885.003800 D Rock Quarry Rd 3 $885.003802 A Rock Quarry Rd 3 $885.003802 B Rock Quarry Rd 3 $885.003802 C Rock Quarry Rd 3 $885.003802 D Rock Quarry Rd 3 $885.003804 A Rock Quarry Rd 3 $885.003804 B Rock Quarry Rd 3 $885.003806 A Rock Quarry Rd 3 $885.003806 B Rock Quarry Rd 3 $885.003806 C Rock Quarry Rd 3 $885.003808 A Rock Quarry Rd 3 $885.003808 B Rock Quarry Rd 3 $885.003808 C Rock Quarry Rd 3 $885.003808 D Rock Quarry Rd 3 $885.003810 Rock Quarry Rd 3 $750.003812 Rock Quarry Rd 3 $750.003814 Rock Quarry Rd 3 $750.003816 Rock Quarry Rd 3 $750.003902 Rock Quarry Rd(Office) 3 $0.003904 Rock Quarry Rd 3 $750.003906 Rock Quarry Rd 3 $750.003908 Rock Quarry Rd 3 $750.00

2017-18 KPO Rent RollUnit BR Target Rent


1800 Quarry Park 3 $885.001801 Quarry Park 3 $885.001802 Quarry Park 3 $885.001803 Quarry Park 3 $885.001804 Quarry Park 3 $885.001805 Quarry Park 3 $885.001806 Quarry Park 3 $885.001807 Quarry Park 3 $885.00 1808 Quarry Park 3 $885.001809 Quarry Park 3 $885.001810 Quarry Park 3 $885.001811 Quarry Park 3 $885.001813 Quarry Park 3 $885.001815 Quarry Park 3 $885.00

3700 Village Park 3 $885.003701 Village Park 3 $885:003702 Village Park 3 $885.003703 Village Park 3 $885.003704 Village Park 2 $680.003706 Village Park 2 $680.003708 Village Park 2 $680.003710 Village Park 2 $680.003712 Village Park 2 $680.003714 Village Park 2 $680.003716 Village Park 2 $680.003718 Village Park 2 $680.003720 Village Park 2 $680.003722 Village Park 2 $680.003724 Village Park 2 $680.003726 Village Park 2 $680.003800 Village Park 2 $680.003801 Village Park 2 $680.003802 Village Park 2 $680.003803 Village Park 2 $680.003804 Village Park 2 $680.003805 Village Park 2 $680.003806 Village Park 2 $680.003807 Village Park 2 $680.00

3808 Village Park 2 $680.003809 Village Park 2 $680.003810 Village Park 2 $680.003811 Village Park 2 $680.003812 Village Park 2 $680.003813 Village Park 2 $680.003814 Village Park 2 $680.003815 Village Park 2 $680.003816 Village Park 2 $680.003817 Village Park 2 $680.003818 Village Park 2 $680.003819 Village Park 2 $680.003820 Village Park 2 $680.003821 Village Park 2 $680.003822 Village Park 2 $680.003823 Village Park 2 $680.00

Total $105,845.00

Unit BR Target Rent

2017-18 KPO Rent Roll (contd.)Unit BR Target Rent


Listing Team Contact Info

Jack L. Maher IIIBroker-OfficerJLM Properties, Inc.3610 Buttonwood Dr., Suite 200, Columbia, MO 65201

c. 573.489.6860w. 573.228.6321f. [email protected]

Documents

OFFERING MEMORANDUM KPO PROPERTIES COLUMBIA, MO...4 property overview kpo properties: 3902 rock quarry rd. 3604 hermitage 1805 - 1931 juniper circle 1800 - 1815 quarry park 3700 -