888 North Main adaptive reuse apartments : simplebooklet.com

• 10 story Mid-Century Modern structure on 1.36 aches• Convenient access to all major Orange County freeways and the regional transportation center• Immediately surrounded by a creative urban community already being recognized nationally as a “Great Neighborhood” and “Coolest City in America”As one of the first major adaptive reuse apartment projects in Santa Ana, 888 Tower will consist of 148 apartment units, designed to compliment the area’s rich amenities and social spaces, specifically targeting entrepreneurs, creative professionals, recent graduates, and workers in the Historic Core of the Downtown District.The Property’s abundant amenity base will consist of a ground-floor event/exhibit space connecting the commercial and residential ecosystems of the Project. Located in the grand ballroom of the ground floor, the space will be utilized as a highly-functional event space where local artists and residents can also exhibit artwork. This flexible event space will be a unique feature of the Property that is expected to be highly complimentary to the vision of the development.In addition to the grand ballroom, 888 Tower will feature 5,100 square feet of retail space on the ground floor, 3,100 of storage space located throughout the property, a bike café with accessible bike storage, a fitness center, and a state-of-the-art collaborative work space/theater, all strategically located in the basement of the Project. These additional amenities PROPERTY OVERVIEW9888 TOWER

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AREA HIGHLIGHTS• Diverse economy with a wide range of industries and global appeal.• Perpetual demand for an Orange County address due to the incredible quality of life attributed to its warm climate, plentiful job opportunities, low crime, and extensive amenities.• Convenient and improving transportation infrastructure including the toll road system, Metrolink stations, and the renewed Measure M providing over $15 billion in additional investment through 2041.• Relatively low rental rates compared to other metropolitan areas both regionally and globally.• Excellent educational institutions including the University of California Irvine, Chapman University, California State University Fullerton, as well as Santa Ana College, a regional gem that recently celebrated its 100th year as a celebrated institution.• Top-notch medical facilities led by UCI Medical Center, St. Joseph’s Hospital, Children’s Hospital of Orange County, and Hoag Hospital.• Wide range of excellent entertainment options and cultural traditions such as the award-winning Discovery Cube, Orange County Performing Arts Center, South Coast Repertory Theatre, Segerstrom Concert Hall, Laguna Festival of the Arts, Pacific Symphony, and Disney Resorts.Also known as the Santa Ana- Anaheim-Irvine Metropolitan Statistical Area (MSA), Orange County encompasses 34 incorporated cities. Orange County is one of California’s leading economic markets and one of the most desirable residential regions in the entire nation. Known for its luxurious suburban lifestyle and its spectacular coastline, Orange County continues to benefit from a well-diversified economy, high quality labor force, direct access to major airport facilities, and its strategic location along the Pacific Ocean. The vibrant economy, along with the area’s tremendous residential desirability, strong educational institutions, and various recreational and cultural options, provide an excellent location for commercial properties. Orange County is a strategically important logistics hub with pro-business communities, access to the Ports, a desirable labor pool, and a broad infrastructure network that make it a sought after commercial location and a great place to live.ORANGE COUNTY17888 TOWER

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EXCEPTIONAL DEMOGRAPHICSOrange County encompasses a 948-square mile area, which makes it the smallest in size among neighboring Southern California counties. Yet, its population is more than 3.2 million, making it the sixth largest county in the nation, with more residents than twenty-one of the U.S. states. Orange County is among the most affluent metro areas in the country. The median household income in Orange County is $86,217 (2017), with per capita income at $39,038. Orange County’s Gross County Product was $254 billion in 2018 and is the second highest in California. Orange County’s highly skilled and young workforce is attractive to numerous high-profile employers from diverse industries. When compared to the top 100 U.S. metropolitan areas, Orange County’s population is significantly younger, more affluent, and better educated. An estimated 36.0 percent of Orange County’s population holds a bachelor or graduate degree, compared to an average of 27.9 percent among all U.S. citizens.ORANGE COUNTY18888 TOWER

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ROBUST ECONOMYOne of California’s leading economic engines, Orange County accounts for approximately 10 percent of the state’s economy. With a $254 billion economy in 2018, Orange County ranks as one of the largest economies in the world. The area enjoys a diverse employment base with no single industry accounting for more than 20% of the county’s economic output or labor market.Orange County serves as headquarters to more than a dozen of the nation’s Fortune 1,000 corporations, four of which are among the Fortune 500: Ingram Micro, The First American Corporation, Western Digital, and Pacific Life. Orange County has experienced tremendous job growth that has pushed the unemployment rate down to 2.8% as of November 2018, near pre-Great Recession levels, and lower than both the state (4.2%) and nation (4.0%). On top of 32,000 new jobs for 2017, 26,000 new jobs are expected for 2018 and 22,000 new jobs in 2019 according to California State University Fullerton’s Economic Forecast..19888 TOWER

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EDUCATIONThe county’s 28 school districts are among the best in the country, including standout institutions such as Mater Dei, Orange Lutherans, Junipero Serra, and Orange County School of the Arts. In higher education, Orange County offers a wide range of options, from community colleges to small liberal arts colleges to large prestigious research universities, such as:California State Universityof FullertonChapman UniversitySanta Ana CollegeUniversity of California IrvineWORLD-CLASS SHOPPING, ENTERTAINMENT, CULTURE Orange County has several world-renowned tourist attractions. The county’s world-famous South Coast Plaza in Costa Mesa and Fashion Island in Newport Beach offer shoppers access to hundreds of high end retail stores. For those looking for entertainment, Orange County offers several all-inclusive entertainment hubs at Main Place Mall in Santa Ana, The District in Tustin, Downtown Disney, Irvine Spectrum, and the Outlets at Orange. Those living in Orange County enjoy a vibrant cultural scene. Orange County hosts several premier museums, including The Museo in Anaheim, Bowers Museum and the Orange County Center for Contemporary Art in Santa Ana, and Laguna Art Museum in Laguna Beach. Additionally, art galleries proliferate throughout the Artist’s Village in Santa Ana and the famed arts community in Laguna Beach. In Costa Mesa, the Orange County Performing Arts Center is home to the premier Pacific Symphony and numerous concerts, and Broadway plays and musicals.ORANGE COUNTY20888 TOWER

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ABUNDANT RECREATION/SPORTS ACTIVITIESOrange County’s warm Mediterranean climate and 42 miles (68 km) of year-round beaches attract millions of tourists annually. Huntington Beach, nicknamed “Surf City, USA,” is a hot spot for sunbathing and surfing. Laguna Beach offers some of the most scenic beaches and unique coastal terrain in all of California, including world class mountain biking trails. Orange County also has several world-renowned theme parks, including Disneyland and Disney’s California Adventure in Anaheim and Knott’s Berry Farm in Buena Park. Also in Anaheim is the Anaheim Convention Center, the largest such facility on the West Coast. Orange County is the home of national sport teams in Major League Baseball (The Los Angeles Angels of Anaheim) and the National Hockey League (Anaheim Ducks).21888 TOWER

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336 Restaurants • 34 Banks • 23 Hotels • 49 Grocers • 10 Health clubsSANTA ANADowntown Santa Ana is quickly returning to its roots as the epicenter of Orange County’s urban lifestyle experience and is developing into a trendy urban live/work/play neighborhood akin to the recent emergence in Los Angeles, Long Beach and San Diego in California, as well as in such out-of-state cities as Portland, Brooklyn and Austin. Under a great transformation Santa Ana is capitalizing on the city’s rich history and cultural ties to the regional community to re-imagine downtown and to create a Vertical Urbanization centering on walk-ability and proximity to work, public transportation, and quality-of-life amenities.“The 20th coolest city in the US” - Forbes22888 TOWER

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Within a 5 mile drive to Santa Ana Civic Center, MainPlace Mall, The Outlets of Orange and Tustin MarketplaceWithin 2 train stops (10 min) away from world famous Angel Stadium of Anaheim and the Honda CenterIdeally located to recruit and retain the top talent in the greater Orange / LA County market, the Inland Empire and San Diego County markets.Close to the Santa Ana Regional Transportation Center (SARTC) – Orange County & regional mass transit hub which combines the Amtrak, Metrolink, OCTA bus service, taxi service and the under construction OC Streetcar (Santa Ana’s $400 million light rail line) all in one location. LOCATION HIGHLIGHTS• Adjacent to Orange County School of the Arts campus, the leading arts school in the nation. • Adjacent to Orange County Pavilion of the Performing Arts, part of the Orange County School of the Arts campus. • Short walk to Santa Ana Arts District, complete with galleries and entertainment venues. • Short walk to Santa Ana East End, with four square blocks of unique shops, galleries, restaurants, and creative space. • Short walk to Santa Ana Historic District, including those built in the early 1900s. • Short walk to Civic Center, including the Regan Federal Building, the Central Justice Center, and the Santa Ana Public Library. • Short walk to the Yost Theatre, the area’s most exciting entertainment venue. • 1 mile from 100-year old Santa Ana Community College & Rancho Santiago College. • 1 mile from the Discovery Cube, one of America’s largest science museums. • 2 miles from the Santa Ana Zoo, with 20 acres of wildlife. • 3 miles from Main Place Mall, a 1.1M SF indoor shopping center with 140 stores and 30 dining options. “Top 10 Healthiest Cities for Women” Self Magazine23888 TOWER

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The One is located in a newly created Opportunity Zone. Added to the tax code by the Tax Cuts and Jobs Act on December 22, 2017, an Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Opportunity Zones are designed to spur economic development by providing tax benefits to investors. First, investors can defer tax on any prior gains invested in a Qualified Opportunity Fund (QOF) until the earlier of the date on which the investment in a QOF is sold or exchanged, or December 31, 2026. If the QOF investment is held for longer than 5 years, there is a 10% exclusion of the deferred gain. If held for more than 7 years, the 10% becomes 15%. Second, if the investor holds the investment in the Opportunity Fund for at least ten years, the investor is eligible for an increase in basis of the QOF investment equal to its fair market value on the date that the QOF investment is sold or exchanged.To read more about Opportunity Zones and the qualification process, please visit the website: www.dof.ca.gov “Among the Top Five Great Neighborhoods in USA” American Planning AssociationOPPORTUNITY ZONE28888 TOWER

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TRANSPORTATIONINFRASTRUCTUREOrange County is well-served by all major methods of transportation. The American Public Transportation Association named the Orange County Transportation Authority (OCTA ) as the top transportation system in America for its fast-growing bus system, improved Metrolink commuter trains and enhancements to the freeway system. Businesses located in Orange County benefit from its extensive freeway network and railroad cargo system, linking Orange County with surrounding economic areas of Los Angeles, San Diego, San Bernardino and Riverside counties.Freeways – Orange County’s businesses and commuters are well served by an extensive freeway system. The major interstates are the Santa Ana Freeway (I-5) and the San Diego Freeway (I-405 and I-5 south of Irvine). The County’s state highways are the Riverside and Artesia Freeway (SH-91), the Garden Grove Freeway (SH- 22), the Orange Freeway (SH-57), the Costa Mesa Freeway (SH- 55), the Laguna Freeway (SH-133), the San Joaquin Transportation Corridor (SH-73), the Eastern Transportation Corridor (SH- 261, SH-133, and SH-241) and the Foothill Transportation Corridor (SH- 241). In addition, drivers can choose to use four toll roads (the 73, 133, 261 and 241) to connect to existing freeways and serve as alternate routes.Bus Networks – OCTA ’s bus system handles 210,000 boardings a day through its 77 lines and 6,542 stops. “Bus Rapid Transit” lines link all five of Orange County’s major transportation centers, which include: Santa Ana Regional Transportation Center (SARTC), Anaheim Regional Transportation Intermodal Center (ARTIC), Irvine Transportation Center, the Fullerton Transportation Center, and John Wayne Airport.Rail Network – Several rail lines service Orange County. Amtrak’s Pacific Surfliner provides transportation to Los Angeles, Santa Barbara and San Diego counties. There is also Metrolink, a 500-mile rail system that carries more than 22,000 passengers daily on seven commuter lines serving six counties, connecting commuters traveling between Orange County, Los Angeles, San Diego and the Inland Empire (San Bernardino and Riverside).Airports – Located less than five miles South of the Property, John Wayne Airport provides direct service to 25 destinations nationwide on 11 commercial and 3 commuter carriers. John Wayne Airport handles more than 9 million passengers and more than 90,000 commercial flights annually. Additionally, the airport is utilized by both FedEx and UPS cargo planes. In 2011, a $543 million expansion and improvement project added six additional gates, a new parking lot, and additional support facilities and amenities. Approximately 20 miles northwest of Irvine is the Long Beach Municipal Airport, which serves nearly three million commercial airline passengers annually and offers a convenient alternative option for Orange County travelers.30888 TOWER

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ORANGE COUNTY STREET CAR (LIGHT RAIL)The City of Santa Ana has completed a comprehensive transit solution to serve the rise in urbanization in the central, downtown area and beyond. The dual goals were improving mobility and strengthening connections to surrounding communities and amenities. The $400 million OC Street Car is under construction and completely funded by the Orange County Transit Authority (OCTA). The OC Streetcar will run from the Santa Ana Regional Transportation Center though the downtown area, within 3 blocks of The One, and on to Garden Grove. This will provide an unprecedented level of transportation and connectivity for the City of Santa Ana’s downtown urban core.MILE SQUARE GOLF COURSEDAVID L BAKER MEMORIAL GOLF COURSEMESA VERDE COUNTRY CLUBRIVER VIEW GOLF COURSEWILLOWICK GOLF COURSECHAPMAN UNIVERSITYSANTA ANACOLLEGECOASTLINECOMMUNITYCOLLEGECHAPMAN UNIVERSITYSANTA ANAZOOTHE DISTRICT AT TUSTIN LEGACYSANTAANAMINIMALLGARDEN GROVE SHOPPING PLAZAWESTFIELDMAINPLACEBRISTOLWARNERVILLAGELITTLESAIGONVILLAGETHE OUTLETSAT ORANGESOUTH COAST PLAZAMALL OF FORTUNEBRISTOL MARKETPLACEMETRO TOWN SQUAREANGEL STADIUMOF ANAHEIMFOUNTAIN VALLEY REG'L HOSPITALUC IRVINEMEDICALCENTERCHAPMAN MEDICAL CENTERGARDEN GROVE HOSPITAL MED CTRST JOSEPHHOSPITALCHOCHOSPITALORANGE COASTMEMORIAL MED CTRJOHN WAYNE AIRPORT-ORANGE COUNTYSAN DIEGO CREEK CHANNELSANTAANA RIVERRED HILL AVERED HILL AVERED HILL AVERED HILL AVERED HILL AVERED HILL AVEN EUCLID STBAKER ST12AW DYER RD105A17BBARRANCA PKWYBARRANCA PKWYMCFADDEN AVEN MANCHESTER AVEWESTMINSTER AVEWESTMINSTER AVEWESTMINSTER AVEWESTMINSTER AVEW MCFADDEN AVEW MCFADDEN AVES GRAND AVES GRAND AVEE WARNER AVE12105AS HASTER STNEWHOPE STW 17TH STW 17TH STEUCLID STEUCLID STEUCLID STN CAMBRIDGE STW ORANGEWOOD AVEW CHAPMAN AVEW ORANGEWOOD AVEN TUSTIN ST107CE ORANGEWOOD AVEE ORANGEWOOD AVES STATE COLLEGE BLVDEUCLID STEUCLID STEUCLID STEUCLID STTHE CITY DR S16HASTER STN GLASSELL STN FLOWER STCIVIC CENTER DR WFAIRVIEW STN FAIRVIEW STEDINGER AVEEDINGER AVEEDINGER AVENEWPORT AVEEDINGER AVEMCFADDEN AVEVILLAGE WAYE MCFADDEN AVEE MCFADDEN AVEWALNUT AVES FLOWER STS FLOWER STS FLOWER STS FLOWER STS FLOWER STS EUCLID STS MAIN STS MAIN STS MAIN STS MAIN STS MAIN STE EDINGER AVEE EDINGER AVEW EDINGER AVEW EDINGER AVEW EDINGER AVEW EDINGER AVEW SEGERSTROM AVEW SEGERSTROM AVEW SEGERSTROM AVEW SUNFLOWER AVESUNFLOWER AVEE DYER RDWARNER AVES FAIRVIEW STS FAIRVIEW STS FAIRVIEW STS FAIRVIEW STE DYER RDTALBERT AVEGARFIELD AVEW MACARTHUR BLVDMACARTHUR BLVDTALBERT AVEW SUNFLOWER AVESUNFLOWER AVE17CMAIN STMAIN STALTON PKWYS BEAR STBEAR ST102W SANTA ANA BLVDE SANTA ANA BLVDS ANAHEIM WAYVALENCIA AVES MANCHESTER AVE1ETHE CITY DRGARDEN GROVE BLVDGARDEN GROVE BLVDGARDEN GROVE BLVD1AN GRAND AVENEWPORT AVE17A11ATUSTIN RANCH RD14A1010ATRASK AVE9W METROPOLITAN DRWARNER AVE1111CIVIC CENTER DR E14A104B1B1D104TRASK AVETRASK AVE9FAIRVIEW RD107CE 17TH STHARVARD AVE5B102N BATAVIA ST12B16CHAPMAN AVECHAPMAN AVECHAPMAN AVECHAPMAN AVEN MAIN STWEST STWEST STW MCFADDEN AVEW MCFADDEN AVEW MCFADDEN AVEW MCFADDEN AVEE 4TH STSLATER AVES RAITT STS RAITT STS RAITT STN MAIN STN BROADWAYE 1ST STN ROSS STN HARBOR BLVDW WASHINGTON AVEN SANTIAGO STN BRISTOL ST405 HOV LN405 HOV LN405405222257555522555555405405405555405SANTA ANAORANGEGARDEN GROVETUSTINSanta Ana RegionalTransportation Center888 TOWER888 N MAINRECENT GROUNDBREAKING $400 Million Fully Funded OC STREETCAR888 TOWER31888 TOWER

888 North Main adaptive reuse apartments

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