www.Colliers.com/ValuationAdvisory Accelerating success.www.Colliers.com/ValuationAdvisory Accelerating success.

Manufactured Home Community Valuation PlatformEach year Colliers International Valuation & Advisory Services (CIVAS) appraises over 500 manufactured home communities (MHC). This includes age restricted (55+) communities, all age family communities and resident owned communities (ROC). We also have experience with unique communities such as AANR and MHC/Recreational Vehicle combo developments. Assignments range from single assets to large multi-state portfolios.

In the last ten years, we have appraised several facilities in 49 states. Our team’s breadth of experience spans internationally, with MHC valuation and consultation in Canada, Australia, and the United Kingdom. Additionally, this group has performed extensive work for pure RV developments; from unrated facilities to 5W/5W destination resorts.

Bruce Nell, MAI, MRICS, MICP is nationally recognized as a leading expert in the valuation of manufactured home communities. He has valued over 1,200 MHCs during his career. He has served as a guest speaker on MHC Valuation for the Manufactured Housing Institute, as well as several state associations.

Bruce is also a full Urban Land Institute (ULI) member and served on their Manufactured Housing Community Council. His expertise ranges from preparation of comprehensive valuation reports to property and portfolio evaluation, litigation support and market studies.

In addition to Mr. Nell, the individuals listed below comprise the premier MHC valuation team in the industry. Each has 5 to 20+ years of MHC valuation experience and has appraised 50 to 500+ MHCs in their careers:

Colliers International Valuation & Advisory Services

For More Information Contact: Bruce Nell, MAI, MRICS, MICPExecutive Managing DirectorNational Practice Group Leader+1 614 437 4687 Phone Bruce.Nell@colliers.com

MHC Valuation Professionals Michael Miggins, MAIRob Detling, MAIJon Fletcher, MAISteve DeFoe, MAI Ashton Rowles, MAIChuck Schierbeck, MAI, MICPAndrew Boespflug, MAI

Bob Black, MICPNancy Caniff Robert Steed John GriffinAndrew ChapmanMichael Yeager

REASONS FOR AN APPRAISAL› Sale

› Tax Appeal

› Refinance

› Estate Planning

› Condemnation

› Shareholder Compliance

CLIENTS› Banks

› Life Company

› REITs

› Hedge Funds

› HUD 207M

› Fannie Mae

› Special Services

› Portfolio Owners

› Pensions

www.Colliers.com/ValuationAdvisory Accelerating success.www.Colliers.com/ValuationAdvisory Accelerating success.

COLLIERS INTERNATIONAL VALUATION & ADVISORY SERVICES

www.Colliers.com/ValuationAdvisory Accelerating success.

MHC VALUATION GROUP OVERVIEW COLLIERS INTERNATIONAL VALUATION & ADVISORY SERVICES

Accelerating success.

GROUP EXPERIENCE7,000+ developments across the U.S. & Canada.

› 2,200-Site Development With 115 Slip Marina

› Consulting Work For A 150+ Property Portfolio

› 270+ Property Portfolio, Covering 23 States

› 50 Property Portfolio Located Across Canada

› HUD 207M Market Study And Appraisal

› 3,100-Site Development With 680 Slip Marina

› Multi-State RV Portfolio With 10,000+ Sites

› Consulting For Community On Ground Lease With No Reversion

› A 1,400-Site Development With 27 Hole Golf Course

› 30+ Property REIT Privatization

› Tri-Annual Review Of Private Equity Portfolio

› 16 + Property REIT IPO

› 70+ Portfolio Aquisition Delivered in 2 weeks

Company OverviewThe Colliers International Valuation & Advisory Services (CIVAS) history includes a broad array of real property valuation assignments that span a range of geographies and distinct property profiles. Through our dedicated offices we cover the nation with local knowledge. Through our parent ownership and direct ties to Colliers International, we span the globe offering valuation services tailored to our clients’ needs.

Colliers International is a leading commercial real estate services provider with 485 offices throughout 63 countries worldwide, providing real estate solutions to some of the world’s largest companies.

Over the years we have continued to refine our expertise while dedicating teams of professionals to provide distinctive, quality-driven valuation services based upon superior knowledge. Our valuation reports and related services garner acclaim and set a new standard within the industry. Whether doing an initial review of a property or formalizing assessments or appeals, you can be assured your assignment will receive the utmost attention from CIVAS.

Updated September 2015