CAMPUS POINTEOFFERING MEMORANDUM

$7,375,000

2302 BOSTIC DR. | CHARLESTON, IL 61920

120 UNITS | 336 BEDS | 2004 CONSTRUCTION | EASTERN ILLINOIS UNIVERSITY

EXECUTIVE SUMMARY CONTACT

OFFICE

FINANCIAL SUMMARY

MARKET POSITIONING

MARKET OVERVIEW

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PG 12

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INVESTMENT OVERVIEW | PROPERTY PHOTOS | FLOOR PLANS

PROPERTY MAP | AERIAL VIEW

RENT SUMMARY | FINANCIAL ANALYSIS & PRO FORMA | GROWTH RATES

10 YEAR CASH FLOW | PRICING ANALYSIS

RENT COMPARABLES MAP | RENT COMPARABLES

UNIVERSITY OVERVIEW

ANN ARBOR OFFICE 120 1/2 W. LIBERTY ST.2ND FLOORANN ARBOR, MI 48104

CHICAGO OFFICE 53 W. JACKSON BLVD.SUITE 1752CHICAGO, IL 60604

GRAND RAPIDS OFFICE 800 MONROE AVE. NWSUITE 311GRAND RAPIDS, MI 49503

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TABLE OF CONTENTS & CONTACT INFO

SEAN LYONS O + 312.878.7363C + 773.505.7326slyons@triadrepartners.com

DANE OLMSTEAD O + 312.878.8233C + 734.216.2577dolmstead@triadrepartners.com

RYAN TOBIAS O + 734.888.4745C + 312.285.3634rtobias@triadrepartners.com

NICK GRIFFINO + 312.878.7157C + 847.732.0116ngriffin@triadrepartners.com

SHAUN BUSS O + 312.878.7361C + 312.399.9221sbuss@triadrepartners.com

MIKE OSTRANDERO + 734.888.4745C + 248.505.6663mostrander@triadrepartners.com

This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property. This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and Triad™. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner. Neither the Owner or Triad™ nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, express or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property. The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.

By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or Triad™. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or Triad™. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to Triad™.

The information contained herein has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

CONFIDENTIALITY AGREEMENT

DISCLAIMER

CONFIDENTIALITY AGREEMENT & DISCLAIMER [ OFFERING MEMORANDUM]

1[EXECUTIVE SUMMARY ]

INVESTMENT OVERVIEW 5

PROPERTY PHOTOS 6–7

FLOOR PLANS 8–9

PROPERTY MAP 10

AERIAL VIEW 11

CAMPUS POINTE | 5

OVERVIEW: 336-BED STUDENT HOUSING PROPERTY LOCATED NEAR EIU, UNIT MIX OF 2 & 3 BEDROOMS WITH BED-BATH PARITY, FULL AMENITY PACKAGE

EASTERN ILLINOIS UNIVERSITY: FALL 2018 ENROLLMENT OF 7,526, 2018 TOTAL ENROLLMENT INCREASE OF 7.06% AND FIRST TIME FRESHMAN INCREASE OF 20.54% OPPORTUNITY: BEST OFF CAMPUS AME-NITIZED STUDENT HOUSING PROPERTY IN MARKET, HUGE UPSIDE IN LEASE UP TO MARKET OCCUPANCY, PRICED WELL BELOW REPLACEMENT COST, FREE & CLEAR OF EXISTING FINANCING

ADDRESS 2302 Bostic Dr. | Charleston, IL 61920

PARCEL ID 02-2-17083-001

UNITS 120

BEDS 336

RENTABLE SQ FT 137,112 SQ FT

NUMBER OF BUILDINGS 8 Apartment Buildings, 1 Clubhouse

STORIES 3

CONSTRUCTION 2004

SITE 15.30 Acres

DENSITY 7.84 Units per Acre

PARKING 376 Surface Spaces

OCCUPANCY 93.45%

ZONING R-3

UNIVERSITY Eastern Illinois University

UNIVERSITY ENROLLMENT 7,526 (Fall 2018)

INVESTMENT OVERVIEW [ EXECUTIVE SUMMARY]

CAMPUS POINTE | 6

EXTERIOR PHOTOS [ EXECUTIVE SUMMARY]

CAMPUS POINTE | 7

INTERIOR PHOTOS [ EXECUTIVE SUMMARY]

CAMPUS POINTE | 8

FLOOR PLANS [ EXECUTIVE SUMMARY]

2 BEDROOM

2 BATH

961 SQ FT

CAMPUS POINTE | 9

FLOOR PLANS [ EXECUTIVE SUMMARY]

3 BEDROOM

3 BATH

1,188 SQ FT

CAMPUS POINTE | 10

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AERIAL VIEW [ EXECUTIVE SUMMARY]

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RENT SUMMARY 13

FINANCIAL ANALYSIS & PR FORMA 14

GROWTH RATES 15

10 YEAR CASH FLOW 16

PRICING ANALYSIS 17

[FINANCIAL SUMMARY]

CAMPUS POINTE | 13

RENT SUMMARY [ FINANCIAL SUMMARY]

UNIT MIX IN PLACE PRO FORMA

TYPE UNITS BEDS SF TOTAL SF 2018-19RENT / BED

2018-19 RENT / SF

2019-20RENT / BED

2019-20RENT / SF

MONTHLYRENT

2 Bedroom / 2 Bath 24 48 961 23,064 $425 $0.88 $450 $0.94 $21,600

3 Bedroom / 3 Bath 96 288 1,188 114,048 $350 $0.88 $360 $0.91 $103,680

Total / Average 120 336 1,143 137,112 $361 $0.88 $373 $0.91 $125,280

CAMPUS POINTE | 14

FINANCIAL ANALYSIS & PRO FORMA [ FINANCIAL SUMMARY]

EXPENSE

Real Estate Taxes $150,085 $162,569 $150,000 $146,083 10.76% $1.07 $1,217 $435

Insurance $23,542 $24,102 $28,650 $25,200 1.86% $0.18 $210 $75 Set at $75/bed

Utilities $168,556 $164,339 $164,143 $168,000 12.37% $1.23 $1,400 $500 Set at $500/bed

Maintenance / Repairs $20,930 $20,422 $32,687 $25,200 1.86% $0.18 $210 $75 Set at $75/bed

Cleaning / Turnover $43,035 $50,194 $37,329 $50,400 3.71% $0.37 $420 $150 Set at $150/bed

Contract Services $102,640 $78,831 $65,130 $67,200 4.95% $0.49 $560 $200 Set at $200/bed

Advertising / Marketing $21,049 $17,375 $25,963 $25,200 1.86% $0.18 $210 $75 Set at $75/bed

Payroll $227,021 $231,758 $154,833 $184,800 13.61% $1.35 $1,540 $550 Set at $550/bed

General / Administrative $40,424 $36,112 $29,642 $33,600 2.47% $0.25 $280 $100 Set at $100/bed

Management Fee $64,878 $39,554 $38,907 $47,526 3.50% $0.35 $396 $141 Set at 3.50% of Gross Total Income

Replacement Reserves $44,657 $50,400 $50,400 $50,400 3.71% $0.37 $420 $150 Set at $150/bed

Total Expenses $906,817 $875,656 $777,684 $823,609 60.65% $6.01 $6,863 $2,451

Net Operating Income $390,739 $442,811 $519,217 $534,263 39.35% $3.90 $4,452 $1,590

RENTAL INCOME 2016 2017 2018 2019-20 PRO FORMA % PER SF PER UNIT PER BED NOTES

Gross Potential Rent $1,634,835 $1,516,032 $1,492,992 $1,503,360 100.00% $10.96 $12,528 $4,474

Vacancy -$429,676 -$282,378 -$218,181 -$150,336 -10.00% -$1.10 -$1,253 -$447 Set at -10.00%

Loss / Gain to Lease $0 -$10,234 $24,854 -$30,067 -2.00% -$0.22 -$251 -$89 Set at -2.00%

*Non Revenue Units -$5,939 $0 $0 -$22,550 -1.50% -$0.16 -$188 -$67 Set at -1.50%

Concessions / Discounts -$23,799 -$33,799 -$99,026 -$45,101 -3.00% -$0.33 -$376 -$134 Set at -3.00%

Bad Debt -$22,037 -$21,837 $0 -$15,034 -1.00% -$0.11 -$125 -$45 Set at -1.00%

Gross Rental Income $1,153,384 $1,167,784 $1,200,639 $1,240,272 82.50% $9.05 $10,336 $3,691

Total Other Income $144,172 $150,683 $96,262 $117,600 - $0.86 $980 $350 Set at $350/bed

Total Gross Income $1,297,556 $1,318,467 $1,296,901 $1,357,872 - $9.90 $11,316 $4,041

*Non Revenue Units Note: Assumes One 3 Bed Model and One 2 Bed Manager / Employee Unit

CAMPUS POINTE | 15

GROWTH RATES [ FINANCIAL SUMMARY]

RENTAL INCOME 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29

Gross Potential Rent 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50%

Vacancy -10.00% -10.00% -10.00% -10.00% -10.00% -10.00% -10.00% -10.00% -10.00% -10.00%

Loss / Gain to Lease -2.00% -2.00% -2.00% -2.00% -2.00% -2.00% -2.00% -2.00% -2.00% -2.00%

Non Revenue Units -1.50% -1.50% -1.50% -1.50% -1.50% -1.50% -1.50% -1.50% -1.50% -1.50%

Concessions / Discounts -3.00% -3.00% -3.00% -3.00% -3.00% -3.00% -3.00% -3.00% -3.00% -3.00%

Bad Debt -1.00% -1.00% -1.00% -1.00% -1.00% -1.00% -1.00% -1.00% -1.00% -1.00%

Total Other Income 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50%

EXPENSE

Real Estate Taxes 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50%

Insurance 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50%

Utilities 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50%

Maintenance / Repairs 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50%

Cleaning / Turnover 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50%

Contract Services 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50%

Marketing / Advertising 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50%

Payroll 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50%

General / Administrative 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50%

Management Fee 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50%

Replacement Reserves 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50%

CAMPUS POINTE | 16

10 YEAR CASH FLOW [ FINANCIAL SUMMARY]

RENTAL INCOME 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29

Gross Potential Rent $1,503,360 $1,540,944 $1,579,468 $1,618,954 $1,659,428 $1,700,914 $1,743,437 $1,787,023 $1,831,698 $1,877,491

Vacancy -$150,336 -$154,094 -$157,947 -$161,895 -$165,943 -$170,091 -$174,344 -$178,702 -$183,170 -$187,749

Loss / Gain to Lease -$30,067 -$30,819 -$31,589 -$32,379 -$33,189 -$34,018 -$34,869 -$35,740 -$36,634 -$37,550

Non Revenue Units -$22,550 -$23,114 -$23,692 -$24,284 -$24,891 -$25,514 -$26,152 -$26,805 -$27,475 -$28,162

Concessions / Discounts -$45,101 -$46,228 -$47,384 -$48,569 -$49,783 -$51,027 -$52,303 -$53,611 -$54,951 -$56,325

Bad Debt -$15,034 -$15,409 -$15,795 -$16,190 -$16,594 -$17,009 -$17,434 -$17,870 -$18,317 -$18,775

Gross Rental Income $1,240,272 $1,271,279 $1,303,061 $1,335,637 $1,369,028 $1,403,254 $1,438,335 $1,474,294 $1,511,151 $1,548,930

Total Other Income $117,600 $120,540 $123,554 $126,642 $129,808 $133,054 $136,380 $139,789 $143,284 $146,866

Total Gross Income $1,357,872 $1,391,819 $1,426,614 $1,462,280 $1,498,837 $1,536,308 $1,574,715 $1,614,083 $1,654,435 $1,695,796

EXPENSE

Real Estate Taxes $146,083 $149,735 $153,478 $157,315 $161,248 $165,280 $169,411 $173,647 $177,988 $182,438

Insurance $25,200 $25,830 $26,476 $27,138 $27,816 $28,511 $29,224 $29,955 $30,704 $31,471

Utilities $168,000 $172,200 $176,505 $180,918 $185,441 $190,077 $194,828 $199,699 $204,692 $209,809

Maintenance / Repairs $25,200 $25,830 $26,476 $27,138 $27,816 $28,511 $29,224 $29,955 $30,704 $31,471

Cleaning / Turnover $50,400 $51,660 $52,952 $54,275 $55,632 $57,023 $58,449 $59,910 $61,408 $62,943

Contract Services $67,200 $68,880 $70,602 $72,367 $74,176 $76,031 $77,931 $79,880 $81,877 $83,924

Marketing / Advertising $25,200 $25,830 $26,476 $27,138 $27,816 $28,511 $29,224 $29,955 $30,704 $31,471

Payroll $184,800 $189,420 $194,156 $199,009 $203,985 $209,084 $214,311 $219,669 $225,161 $230,790

General / Administrative $33,600 $34,440 $35,301 $36,184 $37,088 $38,015 $38,966 $39,940 $40,938 $41,962

Management Fee $47,526 $48,714 $49,931 $51,180 $52,459 $53,771 $55,115 $56,493 $57,905 $59,353

Replacement Reserves $50,400 $51,660 $52,952 $54,275 $55,632 $57,023 $58,449 $59,910 $61,408 $62,943

Total Expenses $823,609 $844,199 $865,304 $886,936 $909,110 $931,837 $955,133 $979,012 $1,003,487 $1,028,574

Net Operating Income $534,263 $547,620 $561,311 $575,343 $589,727 $604,470 $619,582 $635,071 $650,948 $667,222

Debt Service $356,315 $356,315 $356,315 $356,315 $356,315 $356,315 $356,315 $356,315 $356,315 $356,315

Cash Flow After Debt Service $177,948 $191,305 $204,995 $219,028 $233,412 $248,155 $263,266 $278,756 $294,633 $310,907

CAMPUS POINTE | 17

PRICING ANALYSIS [ FINANCIAL SUMMARY]

Exit CAP Rate 8.00%

Exit Sale Price $8,340,273

Cost of Sale (3.00%) -$250,208

Mortgage Payoff -$4,499,233

Exit Net Proceeds $3,590,832

Target Sale Price $7,375,000

Price / Unit $61,458

Price / Bed $21,949

Price / SF $53.79

2018 GRM 5.69

2018 CAP Rate 7.04%

2018 Cash on Cash Return 7.52%

2019-20 Pro Forma GRM 5.43

2019-20 Pro Forma CAP Rate 7.25%

2019-20 Pro Forma Cash on Cash Return 8.21%

10 Year IRR 13.89%

Financing Type New

LTV on Sale Price 75.00%

LTV on Total Cost 71.85%

Interest Rate 5.00%

Amortization 30

Mortgage $5,531,250

Origination Fee (1.00%) $55,313

Capital Improvements $168,000

Due Diligence/Closing Costs $100,000

Total Acquisition Cost $7,698,313

Total Equity $2,167,063

EQUITY 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29 NET PROCEEDS

Net Operating Income $534,263 $547,620 $561,311 $575,343 $589,727 $604,470 $619,582 $635,071 $650,948 $667,222

Debt Service $356,315 $356,315 $356,315 $356,315 $356,315 $356,315 $356,315 $356,315 $356,315 $356,315

DCR 1.50 1.54 1.58 1.61 1.66 1.70 1.74 1.78 1.83 1.87

Cash Flow After Debt Service -$2,167,063 $177,948 $191,305 $204,995 $219,028 $233,412 $248,155 $263,266 $278,756 $294,633 $310,907 $3,590,832

Capitalization Rate 7.24% 7.43% 7.61% 7.80% 8.00% 8.20% 8.40% 8.61% 8.83% 9.05% 7.81%

Cash on Cash Return 8.21% 8.83% 9.46% 10.11% 10.77% 11.45% 12.15% 12.86% 13.60% 14.35% 10.14%

$7,375,000TARGET SALE PRICE

RENT COMPARABLES MAP 19

RENT COMPARABLES 20–22

3[MARKET POSITIONING]

CAMPUS POINTE | 19

# PROPERTY NAME UNITS BEDS YEAR BUILT RENT / SF OCCUPANCY

1. University Village 144 391 2007 $0.80 100.00%

2. Melrose on Fourth 32 64 2008 $0.92 100.00%

3. South Campus Suites 32 54 1986-2010 $1.27 95.00%

4. Millennium Place 50 143 2001 $0.96 95.00%

5. Youngstown Apartments 89 159 1972 $0.84 100.00%

6. Lincolnwood Pinetree 129 244 1969/2018 $0.84 90.00%

Average 79 176 1997 $0.94 96.67%

Campus Pointe 120 336 2004 $0.88 93.45%

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RENT COMPARABLES MAP [ MARKET POSITIONING]

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RENT COMPARABLES [ MARKET POSITIONING]

UNIVERSITY VILLAGE Property Type: Market Rate Year Built: 2007 Occupancy: 100.0%

UNITS UNIT TYPE SQ FT RENT / BED RENT / SQ FT

10 1 Bedroom / 1 Bath 600 - 670 $735 $1.16

20 2 Bedroom / 1 Bath 874 - 900 $395 $0.89

95 3 Bedroom / 2 Bath 1,200 $305 - $308 $0.77

19 4 Bedroom / 2 Bath 1,600 $275 $0.69

144 TOTAL / AVERAGE 1,174 SF $346 $0.80

Unit Amenities: In-Unit Laundry, Furnished Common Area Amenities: Fitness Center, Recreation Room, Computer Lab, Shuttle, Bball & Sand Volleyball Courts, Tanning, Picnic AreaUtilities Included: Water/Sewer, Trash Removal, Internet/Cable2316 WOODFALL DR. | CHARLESTON, IL 61920

CAMPUS POINTE Property Type: Student Housing Year Built: 2004 Occupancy: 93.45%

UNITS UNIT TYPE SQ FT RENT / BED RENT / SQ FT

24 2 Bedroom / 2 Bath 981 $425 $0.87

96 3 Bedroom / 3 Bath 1,188 $350 $0.88

120 TOTAL / AVERAGE 1,147 SF $361 $0.88

Unit Amenities: In-Unit Laundry, Furnished, Walk-In Closets Common Area Amenities: Fitness Center, Clubhouse, Computer Lab, Study Lounge, Game Room, Shuttle, Bball & Volleyball Courts, Tanning, Picnic AreaUtilities Included: Water/Sewer, Trash Removal, Internet/Cable2302 BOSTIC DR. | CHARLESTON, IL 61920

MELROSE ON FOURTH Property Type: Student Housing Year Built: 2008 Occupancy: 100.0%

UNITS UNIT TYPE SQ FT RENT / BED RENT / SQ FT

2 2 Bedroom / 1 Bath 750 $450 - $460 $1.21

30 2 Bedroom / 2 Bath 1,140 $500 - $530 $0.90

32 TOTAL / AVERAGE 1,116 SF $526 $0.92

Unit Amenities: In-Unit Laundry, Furnished, Upgraded Appliances, Upgraded Finishes, Balcony/Patio, Walk-In Closets Common Area Amenities: Fitness Center, Hot Tub, Game Room, Tanning, Covered Parking Available for $275/YearUtilities Included: Trash Removal, Internet/Cable950 4TH ST. | CHARLESTON, IL 61920

CAMPUS POINTE | 21

RENT COMPARABLES [ MARKET POSITIONING]

SOUTH CAMPUS SUITES Property Type: Student Housing Year Built: 1986-2010 Occupancy: 95.00%

UNITS UNIT TYPE SQ FT RENT / BED RENT / SQ FT

10 1 Bedroom / 1 Bath 382 - 604 $735 $1.57

10 2 Bedroom / 1 Bath 745 - 944 $475 $1.14

12 2 Bedroom / 2 Bath 878 $500 $1.14

32 TOTAL / AVERAGE 624 SF $566 $1.27

Unit Amenities: Furnished, Upgraded Appliances, Walk-In Closet Common Area Amenities: Fitness Center, Tanning, Free Surface ParkingUtilities Included: Trash Removal, Internet/Cable, (Water/Sewer + Electricity at $60 Cap/Unit)2409 8TH ST. | CHARLESTON, IL 61920

CAMPUS POINTE Property Type: Student Housing Year Built: 2004 Occupancy: 93.45%

UNITS UNIT TYPE SQ FT RENT / BED RENT / SQ FT

24 2 Bedroom / 2 Bath 981 $425 $0.87

96 3 Bedroom / 3 Bath 1,188 $350 $0.88

120 TOTAL / AVERAGE 1,147 SF $361 $0.88

Unit Amenities: In-Unit Laundry, Furnished, Walk-In Closets Common Area Amenities: Fitness Center, Clubhouse, Computer Lab, Study Lounge, Game Room, Shuttle, Bball & Volleyball Courts, Tanning, Picnic AreaUtilities Included: Water/Sewer, Trash Removal, Internet/Cable2302 BOSTIC DR. | CHARLESTON, IL 61920

MILLENNIUM PLACE Property Type: Market Rate Year Built: 2001 Occupancy: 95.00%

UNITS UNIT TYPE SQ FT RENT / BED RENT / SQ FT

7 2 Bedroom / 1 Bath 961 $425 $0.88

43 3 Bedroom / 1 Bath 1,100 - 1,400 $400 $0.97

50 TOTAL / AVERAGE 1,339 SF $404 $0.96

Unit Amenities: Furnished, Upgraded Appliances, Walk-In Closets Common Area Amenities: Fitness Center, Clubhouse, Hot Tub, Study Lounge, Game Room, Tanning, Free Surface Parking, Covered Parking AvailableUtilities Included: Water/Sewer ($30 Cap/Unit), Trash Removal, Internet/Cable, Electric ($60 Cap/Unit)1305 4TH ST. | CHARLESTON, IL 61920

CAMPUS POINTE | 22

RENT COMPARABLES [ MARKET POSITIONING]

YOUNGSTOWN APARTMENTS Property Type: Student Housing Year Built: 1972 Occupancy: 100.0%

UNITS UNIT TYPE SQ FT RENT / BED RENT / SQ FT

4 Studio 514 $500 $0.97

27 1 Bedroom / 1 Bath 453 - 792 $495 - $550 $0.89

46 2 Bedroom / 1-1.5 Bath 652 - 1,100 $293 - $350 $0.77

12 3 Bedroom / 2-2.5 Bath 825 - 1,221 $275 - $350 $0.93

89 TOTAL / AVERAGE 997 SF $417 $0.84

Unit Amenities: In-Unit Laundry in Select Units, Furnished Common Area Amenities: On-Site Laundry, Picnic area, Free Surface ParkingUtilities Included: Trash Removal916 WOODLAWN DR. | CHARLESTON, IL 61920

CAMPUS POINTE Property Type: Student Housing Year Built: 2004 Occupancy: 93.45%

UNITS UNIT TYPE SQ FT RENT / BED RENT / SQ FT

24 2 Bedroom / 2 Bath 981 $425 $0.87

96 3 Bedroom / 3 Bath 1,188 $350 $0.88

120 TOTAL / AVERAGE 1,147 SF $361 $0.88

Unit Amenities: In-Unit Laundry, Furnished, Walk-In Closets Common Area Amenities: Fitness Center, Clubhouse, Computer Lab, Study Lounge, Game Room, Shuttle, Bball & Volleyball Courts, Tanning, Picnic AreaUtilities Included: Water/Sewer, Trash Removal, Internet/Cable2302 BOSTIC DR. | CHARLESTON, IL 61920

LINCOLNWOOD PINETREE Property Type: Student Housing Year Built: 1969 / 2018 Occupancy: 90.00%

UNITS UNIT TYPE SQ FT RENT / BED RENT / SQ FT

13 Studio 400 $460 $1.15

15 1 Bedroom / 1 Bath 425 $520 $1.22

87 2 Bedroom / 1 Bath 812 $300 $0.74

14 3 Bedroom / 1.5 Bath 960 $250 $0.78

129 TOTAL / AVERAGE 742 SF $336 $0.84

Unit Amenities: None Common Area Amenities: On-Site Laundry, Swimming Pool, Free Surface ParkingUtilities Included: Water/Sewer, Trash Removal (For Studio & 1 Bedroom Units Only)2219 S. 9TH ST. | CHARLESTON, IL 61920

UNIVERSITY OVERVIEW 24

4[MARKET OVERVIEW]

CAMPUS POINTE | 24

• Fall 2018 saw student enrollment at Eastern Illinois University increase for the first time over a decade, with most every category posting strong gains. Crucially, first-time freshman enrollment increased by 20.54% and total enrollment increased by 7.06%.

• EIU’s President, David Glassman, has spearheaded the efforts to boost enrollment. President Glassman has stated that he wants to see enrollment grow 20% - from 7,500 to 9,000 - over the next three years.

• Eastern prepares more undergraduates who go on to earn doctoral degrees than any other master's college/university in Illinois, according to a recent National Science Foundation survey. In addition to ranking first in the state, EIU ranks in the top 5 percent nationwide.

• EIU can trace its roots back 1895, when it was established as Eastern Illinois State Normal School. The college gradually expanded into a comprehensive university with a broad curriculum.

• Eastern Illinois’ student athletes are known as the Panthers and compete as members of the Ohio Valley Conference in 18 men’s and women’s varsity sports. A number of Panthers have gone on to achieve success as professional athletes, including former NFL coach and three-time Super Bowl champion, Mike Shanahan.

ENROLLMENT HISTORY 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19

FRESHMAN 1,654 1,464 1,371 1,295 1,333 1,126 1,143 772 662 798

GRADUATE & PROFESSIONAL 1,741 1,660 1,521 1,442 1,428 1,273 1,318 1,458 1,462 1,514

UNDERGRADUATE 10,225 9,970 9,657 8,975 8,347 7,640 7,202 5,957 5,568 6,012

TOTAL 11,966 11,630 11,178 10,417 9,775 8,913 8,520 7,415 7,030 7,526

7,5265,9573,340

44.38%

FALL 2018 TOTAL ENROLLMENT

FALL 2018 UNDERGRADUATE ENROLLMENT

APPROXIMATE BEDS ON CAMPUS

PERCENTAGE OF STUDENTS LIVING ON CAMPUS

UNIVERSITY OVERVIEW [ MARKET OVERVIEW]

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