BEAUMONT MIXED-USE Prime ±18.81-Acre Development Site

JLL | 1

THE VILLAGESLargest active adult community in the

U.S. | #1 fastest growing MSA

Opening Q2 2020

YOURLIFE OF WILDWOOD MEMORY CAREUnder construction

AMERICAN HOUSE WILDWOOD INDEPENDENT LIVING THE VILLAGES PUBLIC LIBRARY

CR-466A

E CR 462

±17.31 ACRES

Under contract to retail developer

±114 ACRES

Planned for 271 single-family homes and 134 townhomesPLANNED

±5.32 ACRES

±3.82 ACRES±9.67 ACRES

TRADEWINDS VILLAGEMixed-use development | 165 Acres

PLANNED

PLANNED

Prime ±18.81-Acre Development Site Located Within the Nation’s Fastest-Growing MSA. Entitled for a Variety of Uses Including Multi-housing, Senior Housing, and/or Commercial Space.

OFFERING SUMMARYCan Be Purchased in Its Entirety or Subdivided

BEAUMONT MIXED-USE DEVELOPMENT SITE

JLL | 3

The Opportunity PROPERTY OVERVIEW

SITE ADDRESS Northeast Corner of CR-466A & E CR-462, Wildwood, FL 34785

COUNTY Sumter County

PARCEL ID # G04M002

GROSS ACREAGE OF PROPERTY (APPROX) ±18.81 ACRES

ZONING MUPD (Mixed-Use Planned Development)

FUTURE LAND USE CMU (Central Mixed-Use)

APPROVED USESMulti-housing, senior housing, retail, office, and medical office. Self-storage permitted with special conditions.

SITE CONDITIONS Site is pad-ready with utilities stubbed to the property line

UTLITIES All utilities are fully available

DENSITYUp to 893 residential units and 718,740 sf of commercial space allowed for under the PD

COMMUNITY DEVELOPMENT DISTRICT (CDD)

The Property is located within the Beaumont CDD and was fundedin part by the issuance of public infrastructure bonds. The bonds can be assumed by a buyer and have the following terms:• Issue Date: February 7, 2019• Maturity Date: November 1, 2049• Par Per Net Acre: $184,081• Coupon: 6.375%• Prepayment: Can be pre-paid at any time with no penalty• On-Going Operations & Maintenance: 3,947.28 per acre

Jones Lang LaSalle America, Inc. (“JLL”) is pleased to present the Beaumont

Mixed-Use Development Site (the “Property” or “Site”), representing an

unmatched opportunity to develop a project within The Villages MSA, which

consistently ranks as the fastest-growing metro area in the United States

with a population that has nearly doubled in the past decade. The driving

force behind this unprecedented growth is The Villages master-planned

community, the premier 55+ active adult retirement community in the

nation that boasts over 130,000 residents. Currently spanning 20,000 acres,

The Villages has earmarked another 18,000 acres for new development with

plans for another 50,000 homes, which will nearly double the size of this

retirement haven.

The subject Property includes ±18.81 acres within Beaumont, a ±153.59-

acre mixed-use tract actively being developed by Kolter Land Partners

located directly adjacent to The Villages community. The northern portion

of Beaumont comprises ±113.56 acres and is slated for 271 single-family

homes and 134 townhomes with lots actively being built by DR Horton. The

remaining ±40.03 acres are earmarked for commercial development with

entitlements for up to 893 residential units and 718,740 sf of commercial

space. Of these ±-40.03 acres, ±17.31 acres fronting CR-466A are under

contract to a national retail developer, while ±2.48 acres are earmarked for

a Home2 Suites, leaving the remaining ±18.81 acres as the subject of this

offering.

The Site provides the ability to develop a variety of uses, including multi-

housing, seniors housing, retail, and office, all of which are in high demand

given the area’s explosive growth and which are also generally lacking

within the confines of The Villages. Further, the Site will benefit from being

located within an upscale mixed-use setting with for-sale housing and

walkable retail, making this a prime opportunity for a developer to build a

project in what is truly one of the nation’s most exciting locales.

4 | Beaumont Land Site

Investment HighlightsNATION-LEADING GROWTH FUNDAMENTALS: Since 2010, the population within The Villages MSA has grown by 44.0% to an estimated 134,500, making it

the fastest-growing metro area in the country during that time frame. Fueled by the continued expansion of The Villages master-planned community, this rapid influx

of residents to the area has led to a robust economic expansion that has seen employment growth average a very healthy 3.7% annually over the past five years.

DESIRABLE MIXED-USE SETTING: The Site is located within the larger 153-acre Beaumont master-planned development that will feature over 400 single-

family homes and townhomes currently being built by DR Horton, a Home2 Suites by Hilton hotel, and over 17 acres worth of retail development to include shopping

and dining. Directly adjacent to the Site is Trailwinds Village, a separate 165-acre mixed-use development that will include Publix, Aldi, Lowe’s, and a number of other

restaurants and retailers.

DELIVERED PAD-READY: The Site has been developed as filled tracts with utilities stubbed to the property line. As such, the Site will require minimal site work

prior to beginning construction, allowing for reduced costs and a faster development timeline.

SEVERELY UNDESERVED MARKET: While the development of for-sale residential housing has been booming within The Villages, development outside of

The Villages has failed to keep up with the tremendous growth occurring in the region. New development is desperately needed to relieve the tremendous supply/

demand imbalance across multiple property types:

• MULTI-HOUSING: Multi-Housing: Only 378 market-rate units exist to serve a workforce of 30,177 employees within The Villages MSA. At the industry

standard of 5:1 jobs per unit, the market would require the development of an additional 5,657 units to reach equilibrium.

• SENIOR HOUSING: As the largest active adult community in the nation, The Villages has a highly captive audience for senior housing facilities with

a population of 77,323 residents age 65 or older. Only approximately 2,200 beds are located within The Villages MSA, a ratio of 26:1 residents per bed,

creating a major need for new facilities as the community’s aging resident base increasingly requires skilled care.

• COMMERCIAL SPACE: Most of the commercial space within The Villages is laid out in a town center format with a national grocer, dining outlets,

and servicerelated retailers. Large-format retail and office space are largely lacking from the community, creating an opportunity to fill this growing

void within the market. Other uses such as medical office and self-storage are also in high demand given the population demographics and rapid

growth occurring within the area.

CR-466A

TRADEWINDS VILLAGEMixed-use development | 165 Acres

±3.82 ACRES


Under contract to retail developer

±114 ACRES

Planned for 271 single-family homes and 134 townhomes

THE VILLAGESLargest active adult community in the

U.S. | #1 fastest growing MSA

THE VILLAGES PUBLIC LIBRARY


E CR 462

SPANISH HARBOUR DRIVE

PLANNED

PLANNED

PLANNED

JLL | 5


FASTEST POPULATIONGROWTH RATE IN THE

U.S. SINCE 2010

#1PROJECTED

POPULATION GROWTHTHROUGH 2025

8.99%FASTEST POPULATIONGROWTH RATE IN THE

U.S. SINCE 2010

3.7%ACRES PLANNED FORNEW DEVELOPMENT

BY THE VILLAGES

18,000MULTI-HOUSING UNITS

DELIVERED IN PAST8 YEARS

0The Villages

• Founded nearly 30 years ago, The Villages is the largest active adult community in the U.S. with over 130,000 residents. It is also the largest single-site golf facility in the

world with 12 championship golf courses and 35 executive courses.

• In addition to golf, residents have boundless activities to choose from with 2,700 social clubs, 90 recreation centers, and three uniquely themed town squares offering free

nightly entertainment 365 days a year.

• The Villages comprises approximately 65,000 homes and consistently ranks among the fastest-selling masterplanned communities in the country. Currently spanning

20,000 acres, The Villages has another 18,000 acres earmarked for an additional 50,000 homes that will nearly double the size of the community.

DEMOGRAPHICSArea: The Villages MSA State of Florida United States2025 Population 146,604 23,238,845 341,132,7382020 Population 134,509 21,794,397 330,342,2932010 Population 93,420 18,801,310 308,745,538Historical Population Growth (2010 - 2020) 44.0% 15.9% 7.0%Projected Population Growth (2020 - 2025) 9.0% 6.6% 3.3%Average Household Income $76,556 $83,392 $93,707 Median Household Income $56,629 $57,623 $65,228 Median Age 68.0 42.6 38.7% Some College or Higher 62.4% 59.2% 60.6%% White Collar Employed 58.4% 61.1% 61.0%

THE VILLAGES - PLANNEDAproximately 18,000 acres & 50,000 homes

SECO ENERGY400 Employees

JACKSONVILLE98 Miles

ORLANDO45 Miles

TAMPA68 Miles

301

441

75Interstate

THE VILLAGES - CURRENTAproximately 20,000

acres & 65,000 homes

THE VILLAGES REGIONAL HOSPITAL1,129 Employees

COLEMAN FEDERAL PRISON1,200 Employees

CENTER OF ADVANCED HEALTH CARE AT BROWNWOOD240,000 sf multi-specialty medical center under development

SPANISH SPRINGS TOWN SQUARE

LAKE SUMTER LANDINGThe Villages movie theatre

lighthouse point bar & grille

BROWNWOOD PADDOCK TOWN SQUARE CENTER

TRADEWINDS VILLAGE

JLL | 7


PROPERTY BOUNDARY LINE

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EXISTING SIDEWALK

PROPOSED SIDEWALK PROPOSED SIDEWALK

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EMERGENCY ACCESS ROAD

4

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244243

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259 - COMMERCIAL

RECREATION CENTER

256 - COMMERCIAL

271

133

591

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3120

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252 - COMM.247 - COMMERCIAL

142141140139138137136135134 143 144 145 146 147 149 151 152148 150 153 154 155 156 157 158 159 160 161 162 163 164 165166

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246 - APARTMENTS

TOWNHOME C

TOWNHOME B

TOWNHOME A

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258 - HOTEL

255 - COMMERCIAL254 - COMM253 - COMM.250 - COMM 251 - COMM249 - COMM248 - COMMERCIAL

F-3 - APARTMENTS

257 - COMMERCIAL

TRAILWINDS VILLAGEPID: G04LCO-001

ZONING: CMULAND USE: VACANT RESIDENTIAL (00000)

TRAILWINDS VILLAGEPID: G04LOF-020


TRAILWINDS VILLAGEPID: G04LOF-021


TRAILWINDS VILLAGEPID: G04LP-001ZONING: CMU

LAND USE: VACANT RESIDENTIAL (00000)

TRAILWINDS VILLAGEPID: G04LALF-022


VILLAGES OF SUMTERFLU: MU (COUNTY)

ZONING: RPUDLAND USE: SINGLE FAMILY RES (00100)

Wetland A

RecreationCenter

Storm WaterRetention Area 1









Townhomes

Pool

County Road 466A

264 daoR ytnuo

C E

Spanish Harbor Drive

Inspiration Dr.

Storm WaterRetentionArea 10

60' ACC

ESS ESMT

60' ACC

ESS ESMT

Overall Site Plan

TRACT 1±3.82 ACRES

TRACT 2±9.67 ACRES

TRACT 1±5.32 ACRES

FUTURE HOME2 SUITES

101 E Kennedy Blvd, #3905 | Tampa, FL 33602

www.us.jll.com/capitalmarkets

Jones Lang LaSalle Americas, Inc. (“JLL”), a licensed real estate broker

Jones Lang LaSalle Americas, Inc. or its state-licensed affiliate (“JLL”) has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than JLL, and neither Owner nor JLL, nor their respective equity holders, officers, directors, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser. JLL and owner disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2019. Jones Lang LaSalle IP, Inc. All rights reserved.

Drew JenneweinAssociateJLL Capital Markets+1 813 387 [email protected]

INVESTMENT CONTACTS DEBT ADVISORS

JLL Capital Markets

Zach NolanSr. DirectorJLL Capital Markets+1 813 387 [email protected]

Bailey SmithAnalystJLL Capital Markets+1 813 387 [email protected]

Matt MitchellSr. Managing DirectorJLL Capital Markets+1 813 387 [email protected]

Brett MossSr. DirectorJLL Capital Markets+1 407 745 [email protected]

Jarrod SmithAnalystJLL Capital Markets+1 813 387 [email protected]

Whitaker LeonhardtSenior DirectorJLL Capital Markets+1 407 745 [email protected]

Matt WilcoxManaging DirectorJLL Capital Markets+1 905 662 [email protected]

Documents

BEAUMONT MIXED-USE Prime ±18.81-Acre Development Site