Opportunities Submitted

Below is also a link to a dropbox where I have included previous valuations executed along with other docs. On the NAR data pics, I like using the state map tool but the info doesn't stay when I move my cursor off of the county so I couldn't print to PDF or take a snippet, so I took a picture.

After going through it I am more up to date on values. A brief explanation....I started on a tape where I had rounded values that came from 2 other interested parties' DD that came to $28m. I was going to show how my research compared to theirs, but after going through it all, I am over that mark. On the spreadsheet I have included a Comp column and a Notes column.

https://www.dropbox.com/sh/u8tnz1y4as9ofy2/AADGLa80BJuPIlQIxzZsqErFa?dl=0

No

Many of our properties are in strategic positions like these. Another quick example are props 103-117. All homeowners in the area are well aware that High Point University is buying up everything under the sun and making its way to these.

And this is from the seller regarding the appraisals ~ I wanted to include the appraisals as he put them for the buyer to be able to cross reference and a spreadsheet is included in attachments that shows which properties we have appraisals for...

Here is a link to a bunch. For the older ones you simply have to add in HPA from the year done and then look at current comps and it is easy to see values. Our smaller markets have increased 30% year over year for the past several years. Our larger markets have done 50% or more YOY.
There are some newer desktops ("Newer Red Bells" folder) that a previous lender wanted to do some spot checks on and most of these came in higher than what I have on my tape. There are more attached as my dropbox has gotten full. Some attached are fairly new appraisals.

Many of our properties are in strategic positions like these. Another quick example are props 103-117. All homeowners in the area are well aware that High Point University is buying up everything under the sun and making its way to these.

And this is from the seller regarding the appraisals ~ I wanted to include the appraisals as he put them for the buyer to be able to cross reference and a spreadsheet is included in attachments that shows which properties we have appraisals for...

Here is a link to a bunch. For the older ones you simply have to add in HPA from the year done and then look at current comps and it is easy to see values. Our smaller markets have increased 30% year over year for the past several years. Our larger markets have done 50% or more YOY.
There are some newer desktops ("Newer Red Bells" folder) that a previous lender wanted to do some spot checks on and most of these came in higher than what I have on my tape. There are more attached as my dropbox has gotten full. Some attached are fairly new appraisals.

On the spreadsheet, I wanted to spend some time and show some comps that are more aligned for the SFRs. If the multi's had previous valuations done then it is easy to use those and extrapolate across identical units. There are also several SFRs that have previous valuations. Where previous valuation have been provided, it is accurate to add the market increases and then comps are also cross checking to prove these values.

Group 1-10:
- Comps shown for prop #s 1-5 can be interchanged as they are clustered in the downtown area. #6 could as well but should get credit for being in the Wrightsboro/Castle Hayne area.
- Kaboom goes the Wrightsboro/Castle Hayne market. HGTV's latest home giveaway is in Castle Hayne NC if I can believe it as I type, lol. My wife enters daily to win.
-Several of the props in this group are in the north downtown district where they have just built a world class amphitheater along with other major developments and RE values are skyrocketing

Group 11-16
-The Paris and Halifax props are directly beside the brand new 10th St Connector that has opened this area up directly to Uptown and ECU. All investors are flocking and improving the area and college students are starting to come across for housing!

Many of our properties are in strategic positions like these. Another quick example are props 103-117. All homeowners in the area are well aware that High Point University is buying up everything under the sun and making its way to these.

Aggregations

Area and Location Growth

Growth in Sector

See attached.

20m+3% buyers fee

Everything in one email.

Attached is all of the information for the NC 228 portfolio. Financials, rent rolls, photos, appraisals, etc. on one email.

NC 228 SFR portfolio....
228 Doors/145 SFR properties North Carolina with the remaining doors duplexes/triplexes
Was $24 million, now asking $20 million with a fast close plus 3% fee
Current NOI is well over $1million
Great value add opportunity to increase the NOI
Title has been opened and is clear on ALL properties
Expenses are 20% monthly and this includes an 8% PM fee to each PM that is already set up in each town and can stay on after purchase

FROM THE SELLER ~
Below is also a link to a dropbox where I have included previous valuations executed along with other docs. On the NAR data pics, I like using the state map tool but the info doesn't stay when I move my cursor off of the county so I couldn't print to PDF or take a snippet, so I took a picture.

After going through it I am more up to date on values. A brief explanation....I started on a tape where I had rounded values that came from 2 other interested parties' DD that came to $28m. I was going to show how my research compared to theirs, but after going through it all, I am over that mark. On the spreadsheet I have included a Comp column and a Notes column.

https://www.dropbox.com/sh/u8tnz1y4as9ofy2/AADGLa80BJuPIlQIxzZsqErFa?dl=0

Comps also have value added since their sold dates
Wilmington, Fayetteville, Greensboro and High Point have outperformed NC market average
In some of the comp pics you will see it looks freshly reno'd. Most are done with low cost material but the pics look great because its new and freshly painted. This is what we do with ours, if we don't go for higher end, however we have had tenants in place for a long time so some of the shine may have worn but the quality and value is comparable.
On the spreadsheet, I wanted to spend some time and show some comps that are more aligned for the SFRs. If the multi's had previous valuations done then it is easy to use those and extrapolate across identical units. There are also several SFRs that have previous valuations. Where previous valuation have been provided, it is accurate to add the market increases and then comps are also cross checking to prove these values.

Group 1-10:
- Comps shown for prop #s 1-5 can be interchanged as they are clustered in the downtown area. #6 could as well but should get credit for being in the Wrightsboro/Castle Hayne area.
- Kaboom goes the Wrightsboro/Castle Hayne market. HGTV's latest home giveaway is in Castle Hayne NC if I can believe it as I type, lol. My wife enters daily to win.
-Several of the props in this group are in the north downtown district where they have just built a world class amphitheater along with other major developments and RE values are skyrocketing

Group 11-16
-The Paris and Halifax props are directly beside the brand new 10th St Connector that has opened this area up directly to Uptown and ECU. All investors are flocking and improving the area and college students are starting to come across for housing!

Many of our properties are in strategic positions like these. Another quick example are props 103-117. All homeowners in the area are well aware that High Point University is buying up everything under the sun and making its way to these.

And this is from the seller regarding the appraisals ~ I wanted to include the appraisals as he put them for the buyer to be able to cross reference and a spreadsheet is included in attachments that shows which properties we have appraisals for...

Here is a link to a bunch. For the older ones you simply have to add in HPA from the year done and then look at current comps and it is easy to see values. Our smaller markets have increased 30% year over year for the past several years. Our larger markets have done 50% or more YOY.
There are some newer desktops ("Newer Red Bells" folder) that a previous lender wanted to do some spot checks on and most of these came in higher than what I have on my tape. There are more attached as my dropbox has gotten full. Some attached are fairly new appraisals.

https://www.dropbox.com/sh/u8tnz1y4as9ofy2/AADGLa80BJuPIlQIxzZsqErFa?dl=0

With the older valuations in general, the market areas of Rocky Mount. Greenville,HIgh Point have increased 30% year over year while Wilmington, Fayetteville, Grennsboro have increased 50% or more year over year. For all of these as well as the other valuations email, I have tons of comps and some other third party backup of valuations. Also something to know about the duplexes is that zillow and other online platforms only show half of the duplex and have them as SFRs. The valuations I have below should be used:

props 11, 14: valuation from 2019 attached

props 19-27: appraisal from 2019 and recent red bell attached

props 35-37: 2021 appraisal attached

50-57: Showing two appraisals of quads in this group we have done recently. The duplexes and SFRs should extrapolate from these

61-74: recent valuation from Parkton for this group
icon_10_generic_list.png 5269 Parkton (1) (2) (1).pdf

76-83: These two valuations represent this group well
icon_10_generic_list.png 1101 G Robinhood (1) (4).pdf
icon_10_generic_list.png 1220 Carolina St (1) (3).pdf

86-102: please see the 19-27 valuations. In any market, a SFR with its own parcel is going to be at least half of an upstairs/downstairs duplex. I have plenty of comps and CMAs to show

141-145: I have included an appraisal from an investor friend from 2021 of a nearby property.
icon_10_generic_list.png Howell Nash St RMT - Appraisal (2).pdf

On the AVMs that are attached, the work has been done and they are income producing so values should even be at the higher end of the ranges shown.

There is no OM for this portfolio but below are links to photos of many of the properties...

https://www.dropbox.com/sh/299qsnup78yvnzb/AABbcl9KWtGq7BHU5ydFDySva?dl=0

https://www.dropbox.com/sh/pg501jtqcgzhap8/AACxEUTmd4U4OxEYMn_fxY0ha?dl=0

https://www.dropbox.com/scl/fo/uf1du9tcec8jc1xsxjy7k/h?dl=0&rlkey=dulcyohim2pe9acirtvkv3jvf

• Appraisal-1015-Richland-St-3-1.pdf
• 6208-Milford-Rd-1-1-1-1.pdf
• 5430-Palm-Circ-ClearVal-1.pdf
• 1404-Briarcliff-ClearVal-1.pdf
• 802-Opal-ClearVal-1.pdf
• 429-Moore-ClearVal-1.pdf
• Howell-Nash-St-RMT-Appraisal-21.pdf
• 1220-Carolina-St-1-3.pdf
• 1101-G-Robinhood-1-4.pdf
• 5269-Parkton-1-2-1.pdf