02.10.17 Updates

The Bluffs at Walnut Creek – Raleigh, NC   //  This project has now gained some traction with the completion of the site utilities, and paving. All buildings have been framed and dried in. We are well into finishes on the interiors of the buildings. Exterior building finishes are complete and the project team is moving to walk and turnover the clubhouse and first 4 buildings to management in January of 2017. This project is scheduled to wrap up by years end.

Sunset View – Beaverton, OR   //  Though weather and the local inspection process has hampered progress on this project, the construction team has persevered through the issues and has walked and turned the clubhouse over to management. Public improvements are complete and have cleared the way for issuance of Certificate of Occupancies. All buildings are framed up and dried in. Work continues on exterior finishes, MEP rough-ins are wrapping up and finishes are ongoing. Buildings will start being turned over to management in February. This project is scheduled to wrap up by August of 2017.

Clay Terrace II – Kansas City, MO   //  This phase II project has moved along quite nicely. Other than some inspection issues this project continues to move along. Both buildings will be walked with management in January and February with a project completion date of late March, 2017 -as weather permits for exterior finishes and landcaping.

Garden Place Apartments – Cary, IL   //  The clubhouse for this project has been turned over to management with building walks and turns scheduled for January and February of 2017. This project has picked up momentum, nearing completion and is scheduled to be finished March/April of 2017.

Tuckaway Apartments /- Cedar Park, TX   //  Construction for this project commenced in January of 2016. This project has progressed fairly quickly and continues to move forward despite some hang- ups with the timing of utilities. The clubhouse and first building are set to walk in January of 2017 with completion of this 12 building project set for May/June of 2017.

Prairie Meadows II – Greenfield, IN   //  Prairie Meadows II is a second phase project in Greenfield, Indiana comprised of 5 buildings with a total of 76 units. Construction started in March of 2016. Currently, the first building is scheduled to be walked and turned over in January with the remainder of the project scheduled to be completed by April of 2017.

Fairway Landings at Plum Creek – Kyle, TX // Beginning late in 2016, this clubhouse and 11 building project is just getting started with earthwork and utilities. Footings and under-slab plumbing are progressing on the clubhouse and first building as this project. This project is off to a good start with intended finish scheduled for spring of 2018.

West Gate Ridge – Austin, TX // West Gate Ridge is a 6 building with integrated clubhouse project comprised of 140 one, two and three bedroom apartments. Starting in November of 2016, this project is moving through extensive earthwork and storm water retention construction. The rest of the site utility work is gearing up as well. Building footing construction is scheduled to commence 1 st quarter of 2017.

Briar Green – Durham, NC // Starting in June of 2016, Briar Green Apartments is well underway. Rock was encountered on this site requiring blasting which delay the schedule. Blasting is now complete with sanitary, water and storm installed to the half way point. Seven of the 13 building slabs have been poured along with the clubhouse and framing is scheduled to start in February of 2017. Currently, this project is slated for an end of 2017 finish.

Residences of Gallatin – Gallatin, TN // This project has just started in December of 2016. The Residences of Gallatin is a 12 building, 2-story, 188 unit project with extensive off-site improvements located in Gallatin, Tennessee that is scheduled for completion in December of 2018.