The Pioneer Crossing Project

The Pioneer Crossing Project is located at the Corner of Shaw and pioneer in Puyallup,

Washington.

The Pioneer Crossing Project Location (cont’d)

Severely retail underserved rapidly growing residential community.

This area now uses the new Shaw Road overpass to get to and from south end urban centers. The project is at the key intersection of this major traffic outflow.

The Pioneer Crossing Project Location – Shaw Road

• Puyallup has two urban growth centers as defined by the Puget Sound Regional Council (the “PSRC”).

• The growth centers are connect by SR- 512 but traffic congestion was inhibiting residents ability to get to mass transit options in downtown Puyallup that are designed to connect Puyallup to the rest of the region.

• Puget Sound governments as well as the Federal Government viewed the situation as a regional priority so grants were given to Puyallup to widen Shaw and connect Shaw road to downtown Puyallup with a newly constructed overpass.

• Now the large single and multi family projects being constructed along the Shaw corridor have a major arterial to get to other regional centers without having to clog SR -512.

• The PSRC states the newly improved the Shaw road corridor currently has 19,600 daily trips and is forecasted to increase 40% by 2030.

Puget Sound Regional Council Shaw Road Improvements Map

Trade Area Housing Market • The trade area surrounding the Pioneer Crossing Project

is the second strongest market in the Puget Sound for new home construction and absorption.

“The target area also contains some of the highest amount of future lot inventory in the region. There are over 10,000 lots still to be developed over the next ten to 15 years within the target area.” - Todd Britsch Pacific Northwest Director, MetroStudy Inc.

Trade Area Housing Market (cont’d)

Top New Housing Absorption Markets In The Puget Sound

Both the South Hill Puyallup and the Sumner Bonney Lake markets exist within the Project’s Target Area for a combined average monthly absorption rate of 94 units.

Trade Area Housing Market (cont’d)

Since Q1 2013 this trade area has average at least 250 housing starts per quarter.

Trade Area Housing Market (cont’d)

Target Area 3 Mile Housing Absorption Map

Blue: Newly completed Housing Projects Red: Projects In Construction. Yellow: Future Projects

The Pioneer Crossing Project Key Information

• PMF Investments is one of the Northwest's leading investment and development companies. We are well financed and ready to build.

• One portion of the site is entitled and one portion of the site is currently going through entitlements.

• This opportunity exists because of the newly completed Shaw overpass which has rerouted traffic from SR-512 to allow one of the Northwest's fastest growing neighborhoods easier access to downtown Puyallup.

• The traffic count of 19,600 on Shaw is expected to rise 40% by 2030 by the Puget Sound Regional Council due to the substantial new residential construction happening in the trade area.

• There is considerable interest in the project by junior anchors and grocers.

• The pad buildings are entitled for drive thru.