Spring Investors Seminar Multi-Family Market in the Willamette Valley Anita Risberg CCIM, Owner & Principal Broker  Spring Investors Seminar Multi-Family Market in the Willamette Valley

The Yard 22 NE 2nd Ave Sale Date: December 2016 Sale Price: $126,680,000 Price/Unit: $446,056 Cap Rate: 3.82% Number of Units: 284 Occupancy at Close: 42% Beds Units Avg SF Asking Rent/Unit Asking Rent/SF Studio 164 519 $1,350 $2.60 1 110 719 $2,335 $3.25 2 10 1,042 $2,567 $2.46

Woodburn 2016 2377 W Hayes St - Barclay Square Apartments Sale Date: 2/25/2016 Sale Price: $6,270,000 Price/Unit: $89,571 Cap Rate: 6.75% Number of Units: 70 1398 E Cleveland St - Britewood Apartments Sale Date: 6/27/2016 Sale Price: $4,100,000 Price/Unit: $77,358 Cap Rate: 6.75% Number of Units: 53

Woodburn 2017 1341 W Hayes St Sale Date: 2/23/2017 Sale Price: $1,468,000 Price/Unit: $97,867 Number of Units: 15

Keizer 2015 5200 Windsor Island Rd N Sale Date: 8/28/2015 Sale Price: $1,090,000 Price/Unit: $54,500 Cap Rate: - N/A Number of Units: 20

Keizer 2016 4955-4959 Elizabeth St N Sale Date: 10/14/2016 Sale Price: $1,650,000 Price/Unit: $137,500 Cap Rate: 6.00% Number of Units: 12 4926 6th Ave NE – Sheila Apartments Sale Date: 6/30/2016 Sale Price: $625,000 Price/Unit: $52,083 Cap Rate: 6.28% Number of Units: 12

Salem 2015 650 Marion St NE Apartments Sale Date: 2/13/2015 Sale Price: $325,000 Price/Unit: $25,000 Cap Rate: N/A Number of Units: 13 3045 Gehlar Rd NW – Eola Heights Apartments Sale Date: 5/15/2015 Sale Price: $16,750,000 Price/Unit: $110,197 Cap Rate: 5.73% Number of Units: 152

Salem 2016 2510 Broadway St NE – East Somerset Apartments Sale Date: 2/29/2015 Sale Price: $2,825,000 Price/Unit: $51,364 Cap Rate: 7.09 Number of Units: 55 650 Rural Ave S – Fairmount Parks Apartments Sale Date: 9/16/2016 Sale Price: $4,95,000 Price/Unit: $112,500 Cap Rate: N/A Number of Units: 44

Salem 2017 3402 Fairhaven Ave NE Viking Village Apartments Sale Date: 2/13/2017 Sale Price: $3,775,000 Price/Unit: $43,391 Cap Rate: 7.25% Number of Units: 87 3875 S Liberty Rd – Heritage Hills Apartments Sale Date: Under Contract Sale Price: $2,900,000 Price/Unit: $80,555 Cap Rate: 6.25% Number of Units: 156

The Meridian 777 Commercial St SE Sale Date: 6/14/2012 Sale Price: $8,500,000 Number of Units: 89 Beds Units Avg SF Asking Rent/Unit Asking Rent/SF 1 19 1,022 $1,406 $1.42 2 62 1,256 $1,975 $1.58 3 8 1,724 $2,423 $1.36

Albany 2015 222 1st Ave E Sale Date: 1/15/2015 Sale Price: $214,000 Price/Unit: $21,400 Cap Rate: N/A Number of Units: 10 1001-1021 Chicago St – Carolina Gables Sale Date: 10/23/2015 Sale Price: $716,000 Price/Unit: $65,091 Cap Rate: N/A Number of Units: 11

Albany 2016 1256 Salem Ave SE – Oak Plaza Sale Date: 8/30/2016 Sale Price: $620,000 Price/Unit: $31,000 Cap Rate: 5.85% Number of Units: 20 814-820 SE Bradley St – Waverly Lake Terrace Sale Date: 3/14/2016 Sale Price: $735,000 Price/Unit: $52,500 Cap Rate: 6.50% Number of Units: 14

Albany 2017 3510 22nd Ct SE Sale Date: 3/30/2017 Sale Price: $7,200,000 Price/Unit: $141,176 Cap Rate: 6.9% Number of Units: 51

Corvallis 2015 958 NW Sycamore Ave – Sycamore Towers Sale Date: 11/13/2015 Sale Price: $1,870,000 Price/Unit: $46,750 Cap Rate: N/A Number of Units: 40 2750 NW Harrison Blvd – The Union Apartments Sale Date: 1/9/2015 Sale Price: $19,100,000 Price/Unit: $280,882 Cap Rate: 6.00% Number of Units: 68

Corvallis 2016 934-936 NW Sycamore Ave – Beverly Ann Apartments Sale Date: 11/10/2016 Sale Price: $1,205,000 Price/Unit: $63,241 Cap Rate: 5.43% Number of Units: 19 3134 NW 9th St Sale Date: 11/14/2016 Sale Price: $2,571,000 Price/Unit: $160,719 Cap Rate: N/A Number of Units: 16

Corvallis 2017 330 NW 23rd St Sale Date: 2/9/2017 Sale Price: $1,150,000 Price/Unit: $71,875 Cap Rate: N/A Number of Units: 16 3701 SW Western Blvd – Retreat at Corvallis Sale Date: 1/11/2017 Sale Price: $100,000,000 Price/Unit: $303,030 Cap Rate: N/A Number of Units: 330

Lebanon 2015 635-685 S 5th St Sale Date: 6/17/2015 Sale Price: $870,000 Price/Unit: $36,250 Cap Rate: N/A Number of Units: 24 525-671 S 12th St – Monarch Apartments Sale Date: 12/30/2015 Sale Price: $3,500,000 Price/Unit: $54,688 Cap Rate: 6.02% Number of Units: 64

Lebanon 2016 820-860 Park St Apartments Sale Date: 6/6/2016 Sale Price: $496,000 Price/Unit: $45,091 Cap Rate: 8.00% Number of Units: 11 1855 S 9th St Apartments Sale Date: 7/22/2016 Sale Price: $2,633,000 Price/Unit: $138,579 Cap Rate: 5.75% Number of Units: 19

Sales & Construction Year Sold & Construction Woodburn Salem Keizer Albany Corvallis Lebanon 2015   20 Sales 881 units $25K to $110K unit 1 Sale 20 units $54K 3 Sales 31 Units 21K to 65K 2 Sales 108 Units $46K to $280K 88 Units $36K to 55K 2016 123 units $77K to 89K per unit 27 Sales 719 units $51K to $112K unit 4 Sales 93 units $52K to $137K unit 5 Sales 79 units $31K to $52K unit 53 units $63K to $160K unit 44 units $45K to $138K unit 2017Q1 15 Units $98 per unit $43 to $81K per unit 51 units $141K 420 units $72K to $303K New Const 400 Uunits 180 Units Keizer Station 602 Units 292-248-28-17-10-7 90 units 6 plex 5 duplexes Approved Senior Housing 34 units Proposed 300 units Current properties and # of units 24 prop 1388 Units 453 prop 20971 22 prop 1467 96 prop 3871 170 Prop 8036 36 prop 1276

Anita Risberg CCIM, Owner & Principal Broker  Email: Anita@omnivestcire.com Cell: 503-559-8513 Office: 503-847-7990 Brandon Whitehead Assistant  Email: Brandon@omnivestcire.com Cell: 503-551-8901 Office: 503-847-7990