5471 Vicente Way

Oakland, CA 94609

AL STEPHENS TOM HYMAN

BROKER BROKER

cell 510.559.6953 cell 510.846.2768

alstephens@msn.com tom@hip-re.com

Lic# 00969451 Lic# 00969451

Exclusively Offered & Co-listed By:

Offering Memorandum Page 2

TABLE OF CONTENTS

I. Property and Financials

Property Description and Investment Highlights 4

Property Profile 5

Income and Expense Proforma 6

Rent Roll 7

Interior Improvements by Unit 8

Exterior Photos________________________________ 9

Interior Photos 10

II. Comparables

Rent Comparable Summary and Map 11

Sales Comparable Summary and Map 13

III. Area Information

Amenities Summary and Map 16

Market Data and Demographics 17

The enclosed Marketing Brochure and Property Offering and information contained, is a

pro-forma offering and cannot be relied upon or warranted for future performance.

The information contained in this Marketing Brochure has been obtained by sources we believe

to be reliable; however, Hyland Investment Properties has not verified, and will not verify, any

of the information contained herein, nor has Hyland Investment Properties conducted any

investigation regarding these matters, and makes no warranties or representation whatsoever

regarding the accuracy or completeness of the information provided. All potential buyers must

use their own due diligence to verify all of the information set forth herein.

Seller and Broker cannot warrant the past, present, or future performance of the property, its

condition, local, or state, or violations, which may or may not be present. The property is sold in

it’s current “AS-IS” and “WHERE-IS” condition subject to Buyer’s due diligence.

Al Stephens

(510) 599-6953

alstephens@msn.com

Exclusive Agents

Offering Memorandum Page 2

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of the information above. Complete

sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner make no warranty or representation to the accuracy of the information

contained herein. Buyer is expected to conduct his/her own due diligence to verify this information. The Pro-Forma provided is intended for marketing purposes only

and should not be relied upon when determining profitability of future performance.

Tom Hyman

(510) 846-2768

tom@hip-re.com

Offering Memorandum Page 3

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of the information above. Complete

sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner make no warranty or representation to the accuracy of the information

contained herein. Buyer is expected to conduct his/her own due diligence to verify this information. The Pro-Forma provided is intended for marketing purposes only

and should not be relied upon when determining profitability of future performance.

Hyland Investment Properties is pleased to

extend to you an exclusive opportunity to

purchase 5471 Vicente Way, a 29-unit

apartment community in Oakland, CA.

5471 Vicente Way Oakland, CA 94609

Located in Oakland’s popular and trendy

Temescal neighborhood, 5471 Vicente Way

offers 29 apartments ((1) 2-BR, (1) 1-BR and

(27) Studio).

Walking distance to shopping, coffee, and

dining, and new Whole Foods Market at 51st

Street and Telegraph Ave.

Apartments are easy to rent.

The property features significant

improvements to the interior of most

apartments (see page 8 for complete break-

down).

Building is designed for low maintenance

costs. It is positioned for exterior cosmetic

improvements to greatly improve its appeal.

5471 Vicente Way Oakland, CA 94609 Property Overview

Offering Memorandum Page 4

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of the information above. Complete

sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner make no warranty or representation to the accuracy of the information

contained herein. Buyer is expected to conduct his/her own due diligence to verify this information. The Pro-Forma provided is intended for marketing purposes only

and should not be relied upon when determining profitability of future performance.

5471 Vicente Way Oakland, CA 94609

Building and Investment Summary

Offering Memorandum Page 5

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of the information above. Complete

sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner make no warranty or representation to the accuracy of the information

contained herein. Buyer is expected to conduct his/her own due diligence to verify this information. The Pro-Forma provided is intended for marketing purposes only

and should not be relied upon when determining profitability of future performance.

Address 5471 Vicente Way

Oakland, CA 94609

Units 29 Total

(27) STUDIO, (1) 1BD,

(1) 2BD

APN 14-1225-7

Approx. Square Footage 8,876

Approx. Lot Size 15,000 sq ft

Year Built 1952

PGE Paid by Owner

Water Paid by Owner

Trash Paid by Owner

Foundation Concrete slab and

perimeter

Roof Composite

Parking 22 Surface Parking

Spaces

Communal Features Coin Laundry

INVESTMENT SUMMARY

PRICE: $ 5,500,000 $ 5,500,000

CAP RATE: 4.62% 5.56%

GRM: 11.46x 10.16x

PRICE PER UNIT: $ 189,655 $ 189,655

PRICE PER

SQUARE FOOT: $ 619.65 $ 619.65

5471 Vicente Way Oakland, CA 94609

Income & Expense Pro-Forma

Offering Memorandum Page 6

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of the information above. Complete

sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner make no warranty or representation to the accuracy of the information

contained herein. Buyer is expected to conduct his/her own due diligence to verify this information. The Pro-Forma provided is intended for marketing purposes only

and should not be relied upon when determining profitability of future performance.

EST EXPENSES BREAKDOWN CURRENT PROJECTED

PROPERTY TAXES (*1.368%) $ 75,240 $ 75,240

SPECIAL ASSESSMENTS $ 10,374 $ 10,374

INSURANCE $ 9,500 $ 9,500

GAS/ELECTRIC $ 19,862 $ 19,862

WASTE MANAGEMENT $ 18,372 $ 18,372

WATER/SEWER $ 9,057 $ 9,057

PROFESSIONAL MANAGEMENT (4% GSI) $ 19,192 $ 21,664

ONSITE MGMT ($1000/month rent) $ 12,000 $ 12,000

REPAIRS & MAINTENANCE ($850/unit) $ 24,650 $ 24,650

CITY OF OAKLAND RRAB $ 2,929 $ 2,929

CITY OF OAKLAND LICENSE $ 6,417 $ 6,417

RESERVES $ 9,800 $ 9,800

TOTAL EXPENSES $ 217,393 $ 219,865

EXPENSES PER UNIT $ 7,496 $ 7,582

EXPENSE % GSI 45.31% 40.60%

PRO-FORMA CURRENT PROJECTED

GROSS SCHEDULED INCOME $ 479,796 $ 541,596

VACANCY (4%|5%) $ (19,192) $ (27,080)

OTHER INCOME (Laundry) $ 7,200 $ 7,200

OTHER INCOME (Parking) $ 3,720 $ 3,720

ADJUSTED GROSS INCOME $ 471,524 $ 525,436

EXPENSES $ (217,393) $ (219,865)

NET OPERATING INCOME $ 254,131 $ 305,571

5471 Vicente Way Oakland, CA 94609

Rent Analysis

Offering Memorandum Page 3

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of the information above. Complete

sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner make no warranty or representation to the accuracy of the information

contained herein. Buyer is expected to conduct his/her own due diligence to verify this information. The Pro-Forma provided is intended for marketing purposes only

and should not be relied upon when determining profitability of future performance.

Offering Memorandum Page 7

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of

the information above. Complete sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner

make no warranty or representation to the accuracy of the information contained herein. Buyer is expected to conduct his/her own due diligence to verify this infor-

mation. The Pro-Forma provided is intended for marketing purposes only and should not be relied upon when determining profitability of future performance.

*On-site manager receives $1000/month rent credit

**Units are currently vacant

UNIT TYPE CURRENT RENTS MARKET RENT

1* 2x1 $ 2,200.00 $ 2,450.00

2 Studio $ 1,793.00 $ 1,550.00

3 Studio $ 761.00 $ 1,450.00

4** Studio $ 1,395.00 $ 1,450.00

5 Studio $ 873.00 $ 1,550.00

6 Studio $ 1,650.00 $ 1,550.00

7 Studio $ 812.00 $ 1,450.00

8 Studio $ 1,495.00 $ 1,450.00

9 Studio $ 1,595.00 $ 1,550.00

10 Studio $ 1,312.00 $ 1,450.00

11 Studio $ 1,395.00 $ 1,450.00

12 Studio $ 999.00 $ 1,550.00

14 Studio $ 1,550.00 $ 1,450.00

15 Studio $ 1,425.00 $ 1,450.00

16 Studio $ 1,298.00 $ 1,450.00

17** Studio $ 1,395.00 $ 1,450.00

18 Studio $ 692.00 $ 1,550.00

19 Studio $ 1,406.00 $ 1,450.00

20 Studio $ 1,375.00 $ 1,450.00

21 Studio $ 1,032.00 $ 1,550.00

22 Studio $ 1,495.00 $ 1,450.00

23 Studio $ 876.00 $ 1,450.00

24 Studio $ 1,630.00 $ 1,550.00

25 Studio $ 1,624.00 $ 1,550.00

26 Studio $ 1,423.00 $ 1,450.00

27 Studio $ 958.00 $ 1,450.00

28 Studio $ 1,675.00 $ 1,550.00

29 1x1 $ 2,298.00 $ 2,300.00

30 Studio $ 1,550.00 $ 1,550.00

29 Units $ 39,982.00 $45,133.00

5471 Vicente Way Oakland, CA 94609

Interior Improvements by Unit

Offering Memorandum Page 3

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of the information above. Complete

sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner make no warranty or representation to the accuracy of the information

contained herein. Buyer is expected to conduct his/her own due diligence to verify this information. The Pro-Forma provided is intended for marketing purposes only

and should not be relied upon when determining profitability of future performance.

Offering Memorandum Page 8

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of the information above. Complete

sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner make no warranty or representation to the accuracy of the information

contained herein. Buyer is expected to conduct his/her own due diligence to verify this information. The Pro-Forma provided is intended for marketing purposes only

and should not be relied upon when determining profitability of future performance.

UNIT TYPE IMPROVEMENTS

1 2x1 Added Second Bedrom and Washer/Dryer 2015

2 Large Studio All new, including windows 2015

3 Small Studio Partial upgrades, including flooring 2008

4 Small Studio Partial upgrades, including windows 2020

5 Large Studio Original with carpet; bath upgraded 2008

6 Large Studio All new 2006; Flooring and windows 2918

7 Small Studio Bath 2004; Flooring 2016

8 Small Studio All new, including windows 2019

9 Large Studio All new 2003; Windows 2019

10 Small Studio All new 2004; Flooring 2012

11 Small Studio All new, including carpets 2018

12 Large Studio Original with carpet; bath upgraded 2003

14 Small Studio Partial upgrade 2007; Flooring and bath 2015

15 Small Studio All new, including windows 2018

16 Small Studio All new 2007

17 Small Studio Partial upgrades (countertop, bath, windows) 2015

18 Large Studio Original with carpet; Bath 2003

19 Small Studio Partial upgrades, including bath 2004

20 Small Studio Partial upgrades, including bath 2005

21 Large Studio All new 2003

22 Small Studio All new, including windows 2015

23 Small Studio Partial upgrades 2001; Flooring 2017

24 Large Studio All new 2006

25 Large Studio All new 2012

26 Small Studio Partial upgrade, including bath 2006; Flooring 2010; Windows 2017

27 Small Studio Partial upgrade, including bath 2003; Flooring 2014

28 Large Studio All new 2008; Flooring and windows 2019

29 1x1 All new 2015

30 Studio All new, including windows 2018

5471 Vicente Way Oakland, CA 94609

Exterior Photos

Offering Memorandum Page 3

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of the information above. Complete

sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner make no warranty or representation to the accuracy of the information

contained herein. Buyer is expected to conduct his/her own due diligence to verify this information. The Pro-Forma provided is intended for marketing purposes only

and should not be relied upon when determining profitability of future performance.

Offering Memorandum Page 9

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of the information above. Complete

sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner make no warranty or representation to the accuracy of the information

contained herein. Buyer is expected to conduct his/her own due diligence to verify this information. The Pro-Forma provided is intended for marketing purposes only

and should not be relied upon when determining profitability of future performance.

5471 Vicente Way Oakland, CA 94609

Interior Photos

Offering Memorandum Page 3

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of the information above. Complete

sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner make no warranty or representation to the accuracy of the information

contained herein. Buyer is expected to conduct his/her own due diligence to verify this information. The Pro-Forma provided is intended for marketing purposes only

and should not be relied upon when determining profitability of future performance.

Offering Memorandum Page 10

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of the information above. Complete

sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner make no warranty or representation to the accuracy of the information

contained herein. Buyer is expected to conduct his/her own due diligence to verify this information. The Pro-Forma provided is intended for marketing purposes only

and should not be relied upon when determining profitability of future performance.

5471 Vicente Way Oakland, CA 94609

Comparable Rent Summary

Offering Memorandum Page 3

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of the information above. Complete

sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner make no warranty or representation to the accuracy of the information

contained herein. Buyer is expected to conduct his/her own due diligence to verify this information. The Pro-Forma provided is intended for marketing purposes only

and should not be relied upon when determining profitability of future performance.

Address 2000 Durant Ave

Total Units 49

Unit Mix (19) Studio

(12) 1-BD

(18) 2-BD

Year Built 1965

Rents Studio– 500 sq ft— $1394

1-BD—600 sq ft—$1796

2-BD—850 sq ft—$1984

2000 DURANT AVE

Address 4231 Montgomery St

Total Units 25

Unit Mix (13) Studio

(12) 1-BD

Year Built 1933

Rents Studio—400 sq ft—$1677

1-BD— 600 sq ft— $1917

4231 MONTGOMERY ST

Address 5160 Claremont Ave

Total Units 40

Unit Mix (20) Studio

(20) 1-BD

Year Built 1928

Rents Studio— 600 sq ft— $1541

1-BD— 750 sq ft— $2029

CLAREMONT TOWERS Address 482 40th St

Total Units 24

Unit Mix (12) Studio

(12) 1-BD

Year Built 1918

Rents Studio—600 sq ft—$2155

1-BD—750 sq ft—$2300

482 40th ST

Offering Memorandum Page 11

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of the information above. Complete

sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner make no warranty or representation to the accuracy of the information

contained herein. Buyer is expected to conduct his/her own due diligence to verify this information. The Pro-Forma provided is intended for marketing purposes only

and should not be relied upon when determining profitability of future performance.

5471 Vicente Way Oakland, CA 94609

Comparable Rent Summary (Map)

Offering Memorandum Page 3

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of the information above. Complete

sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner make no warranty or representation to the accuracy of the information

contained herein. Buyer is expected to conduct his/her own due diligence to verify this information. The Pro-Forma provided is intended for marketing purposes only

and should not be relied upon when determining profitability of future performance.

Offering Memorandum Page 12

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of the information above. Complete

sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner make no warranty or representation to the accuracy of the information

contained herein. Buyer is expected to conduct his/her own due diligence to verify this information. The Pro-Forma provided is intended for marketing purposes only

and should not be relied upon when determining profitability of future performance.

5471 Vicente Way

2000 Durant Ave

482 40th St 4231 Montgomery St

Claremont Towers

5471 Vicente Way Oakland, CA 94609

Comparable Sales Summary

Offering Memorandum Page 3

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of the information above. Complete

sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner make no warranty or representation to the accuracy of the information

contained herein. Buyer is expected to conduct his/her own due diligence to verify this information. The Pro-Forma provided is intended for marketing purposes only

and should not be relied upon when determining profitability of future performance.

Address 200 E 18th St

Oakland, CA 94606

Sale Price $10,000,000

Close of Escrow November 19, 2019

Units 19

Unit Mix

Year Built 2001

Parking

Cap Rate Not available

Price per Sq Ft $349.13

Price per Unit $526,316

LAKEVIEW COURT

Offering Memorandum Page 13

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of the information above. Complete

sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner make no warranty or representation to the accuracy of the information

contained herein. Buyer is expected to conduct his/her own due diligence to verify this information. The Pro-Forma provided is intended for marketing purposes only

and should not be relied upon when determining profitability of future performance.

Address 640 Brooklyn Ave

Oakland, CA 94606

Sale Price $4,850,000

Close of Escrow November 26, 2019

Units 18

Unit Mix

Year Built 1929

Parking

Cap Rate Not available

Price per Sq Ft $463.10

Price per Unit $269,444

CASA AMIGO

Address 255 Jayne Ave

Oakland, CA 94610

Sale Price $5,525,000

Close of Escrow January 29, 2020

Units 12

Unit Mix

Year Built 1961

Parking

Cap Rate Not available

Price per Sq Ft $392.85

Price per Unit $460,417

255 JAYNE AVE

5471 Vicente Way Oakland, CA 94609

Comparable Sales Summary

Offering Memorandum Page 3

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of the information above. Complete

sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner make no warranty or representation to the accuracy of the information

contained herein. Buyer is expected to conduct his/her own due diligence to verify this information. The Pro-Forma provided is intended for marketing purposes only

and should not be relied upon when determining profitability of future performance.

Address 5248 Claremont Ave

Oakland, CA 94618

Sale Price $10,124,470

Close of Escrow March 19, 2019

Units 42

Unit Mix (1) Studio

(40) 1-BD

(1) 2-BD

Year Built 1959

Parking 15 Surface Spaces

Cap Rate 3.93%

Price per Sq Ft $598.02

Price per Unit $241,058

CLAREMONT PARK

Offering Memorandum Page 14

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of the information above. Complete

sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner make no warranty or representation to the accuracy of the information

contained herein. Buyer is expected to conduct his/her own due diligence to verify this information. The Pro-Forma provided is intended for marketing purposes only

and should not be relied upon when determining profitability of future performance.

Address 6044-6048 Monroe Ave

Oakland, CA 94618

Sale Price $5,783,000

Close of Escrow December 10, 2019

Units 12

Unit Mix (12) 1-BD

Year Built 1927

Parking 9 Covered Spaces

Cap Rate 3.83%

Price per Sq Ft $568.07

Price per Unit $481,916

6044-6048 MONROE AVE

Address 71 19th St

Oakland, CA 94607

Sale Price $8,054,063

Close of Escrow January 20, 2020

Units 33

Unit Mix

Year Built 1914

Parking

Cap Rate 4.50%

Price per Sq Ft $376.27

Price per Unit $244,063

EMERALD ESTATES APARTMENTS

5471 Vicente Way Oakland, CA 94609

Comparable Sales Summary (Map)

Offering Memorandum Page 15

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of the information above. Complete

sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner make no warranty or representation to the accuracy of the information

contained herein. Buyer is expected to conduct his/her own due diligence to verify this information. The Pro-Forma provided is intended for marketing purposes only

and should not be relied upon when determining profitability of future performance.

5471 Vicente Way

255 Jayne

6044 Monroe

Claremont Park

Casa Amigo

Lakeview Court

Emerald Estates

5471 Vicente Way Oakland, CA 94609

Local Amenities

Offering Memorandum Page 16

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of the information above. Complete

sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner make no warranty or representation to the accuracy of the information

contained herein. Buyer is expected to conduct his/her own due diligence to verify this information. The Pro-Forma provided is intended for marketing purposes only

and should not be relied upon when determining profitability of future performance.

5471 Vicente Way Oakland, CA 94609

Local Amenities Map

Offering Memorandum Page 17

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of the information above. Complete

sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner make no warranty or representation to the accuracy of the information

contained herein. Buyer is expected to conduct his/her own due diligence to verify this information. The Pro-Forma provided is intended for marketing purposes only

and should not be relied upon when determining profitability of future performance.

5471 Vicente is located in a prime location in Oakland’s trendy

Temescal neighborhood. It is less than one mile from BART Rockridge

(16 minutes walking, see map below), making it a great location for

commuters. Temescal and Rockridge shops, restaurants, and

entertainment are all easy walking or biking distance. I-580, I-980,

I-80 and the Oakland Bay Bridge are all an easy drive, making this an

ideal location for traveling to many Bay Area destinations.

5471 Vicente Way Oakland, CA 94609

Market Data & Analytics

Offering Memorandum Page 18

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of the information above. Complete

sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner make no warranty or representation to the accuracy of the information

contained herein. Buyer is expected to conduct his/her own due diligence to verify this information. The Pro-Forma provided is intended for marketing purposes only

and should not be relied upon when determining profitability of future performance.

MARKET RENT PER UNIT

MARKET RENT PER UNIT & RENT GROWTH

5471 Vicente Way Oakland, CA 94609

Market Data & Analytics

Offering Memorandum Page 19

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of the information above. Complete

sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner make no warranty or representation to the accuracy of the information

contained herein. Buyer is expected to conduct his/her own due diligence to verify this information. The Pro-Forma provided is intended for marketing purposes only

and should not be relied upon when determining profitability of future performance.

SALES VOLUME & MARKET SALE PRICE PER UNIT

5471 Vicente Way Oakland, CA 94609

Market Data & Analytics

Offering Memorandum Page 20

* All information above is accurate to the best of our knowledge. Tom Hyman and HIP cannot warrant or guarantee the accuracy of the information above. Complete

sales comparable info in 'Supported Documentation' section of presentation. Broker and Owner make no warranty or representation to the accuracy of the information

contained herein. Buyer is expected to conduct his/her own due diligence to verify this information. The Pro-Forma provided is intended for marketing purposes only

and should not be relied upon when determining profitability of future performance.

VACANCY RATE BY BEDROOM

VACANCY RATE