FULLY ENTITLED RESIDENTIAL ACREAGE

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1 Contact Chuck Mitchell at: SUBJECT PROPERTY HIGHGATE BOULEVARD FULLY ENTITLED RESIDENTIAL ACREAGE LOCATION Highgate Boulevard in New Hampstead between Highway & I 16 in Savannah, GA PARCEL SIZE: Total of ± gross acres with acres of uplands and acres of wetlands located on Highgate Boulevard in the New Hampstead PUD between Abercorn (Highway ) and Interstate 16. ZONING: Property has been zoned PUD -- under the City of Savannah, GA. The tract is entitled for 307 dwelling units, which equates to 3.3 d.u.'s per net upland acre. PARCEL INFORMATION: Parcel R5B is located in the New Hampstead PUD -- the next major growth area in the entire Savannah MSA. The site is just 14 miles from Richmond Hill as well as the Savannah Mall; 15 miles to the Savannah/Hilton Head International Airport and just 18 miles from downtown Savannah via I-16. New Hampstead is the last of the major Branigar/Union Camp/International Paper PUD's in the Greater Savannah/Bluffton marketing area. The prior PUD's such as Godley Station and Berwick in Savannah and Buckwalter in Bluffton have proven to be the most successful and desirable locations to live in the entire area. New Hampstead looks to be next in this significant line of development successes. While New Hampstead was caught in the recent real estate correction -- as the market starts to return to a more normal state, activities in New Hampstead are starting to pick up. As example, the Savannah/Chatham Board of Education purchased a 70-acre school site several years ago in New Hampstead. Construction is almost complete and the high school is expected to be open for Fall 2012 classes. Other than the new high school, children in New Hampstead attend Bloomingdale Elementary, West Chatham Middle; and Groves High School (until the new high school opens). All infrastructure is in place to serve New Hampstead and the subject property including Highgate Boulevard, New Hampstead Parkway, water, sewer, and electricity. Since the property is served by the City of Savannah, impact fees for water and sewer are very competitive. PRICING: Just reduced to $260,092, which equates to $2,800 per net upland acre. PARCEL R5B New Hampstead is conveniently located to Savannah, Richmond Hill, the airport, and the major shopping centers in the Greater Savannah region. Radii are shown in 5-mile increments from parcel R5B. PRIICE REDUCTIION PLEASE NOTE THE PRIICE ON NEW HAMPSTEAD HAS JJUST BEEN REDUCED FROM $463,,000 TO $260,,092!! HIGHGATE BOULEVARD This sales sheet is believed to be accurate. However, as the information has been provided in part by Third Parties, we are not responsible for mis statements of facts, errors, omissions, prior sale, change of price, or withdrawal from the market without notice. Kulp Mouchet is the exclusive listing agent for this This sheet was last revised on: May 3, 2012

2 BBLLOOMI INGDALLEE SSAVANNAH//HILLTTON HEEAD INTTEERRNATTI I IONALL AIRRPPORRTT PPTT.. WEENTTWORRTTH PPOOLLEERR NEW HAMPSTEAD 55--MI ILLEESS SAVANNAH MI ILLEESS GEEORRGEETTOWN SSAVANNAH MALLLL OGLLEETTHORRPPEE MALLLL MI ILLEESS MI ILLEESS WILLMI INGTTON ISS.. I TTYYBBEEEE ISS.. I RRI ICCHMOND HILLLL SSKI IDAWAYY ISS.. I HIGHGATE BOULEVARD Locator

3 144 Gross Acres 93 Upland Acres 307 Dwelling Units permitted HIGHGATE BLVD AERIAL W/ BOUNDARY

4 New Hampstead is ideally located on Savannah's Westside -- the site of all the major growth in Chatham County over the past 10 years. Parcel R5B is located on Highgate Boulevard, which connects Highway to both New Hampstead Parkway and Little Neck Road. The site of the new West Chatham High School, now scheduled to open for classes in the Fall of 2012, is located just north of the subject property on Highgate Boulevard and also has access to Little Neck Road. HIGHGATE BLVD PUD Plan

5 EXIT 94 HIGHGATE BLVD AERIAL WITH M/P

6 KEY Highly Developed Area BB LL OOOOMMI IINNGGDDAALLEE GODLEY STATION SSAAVVAANNNNAAHH/ /HHI IILLTTOONN HHEEAADD IINNTTEERRNNAATTI I IIOONNAALL AAI IIRRPPOORRTT PPTT.. WEENNTTWOORRTTHH Relatively New/Active PUD Next Logical Area for Growth PPOOOOLLEERR Historical Growth Patterns NEW HAMPSTEAD SAVANNAH QUARTERS SAVANNAH BERWICK WI IILLMMI IINNGGTTOONN IISS. I. TTYYBBEEEE IISS. I. RRI IICCHHMMOONNDD HHI IILLLL SSAAVVAANNNNAAHH MMAALLLL GGEEOORRGGEETTOOWNN OOGGLLEETTHHOORRPPEE MMAALLLL SSKKI IIDDAAWAAYY IISS. I. Savannah is bounded to the north by the Savannah River, to the east by the Atlantic Ocean, and to the south by the Ogeechee River. Early on, growth was concentrated in the immediate area of downtown and to the northwest to support industries located along the river. Then growth proceeded south along Abercorn all the way to Georgetown (1st PUD in Savannah) and then to Wilmington and Skidaway Island. All these areas show up as light orange on the map. In the 90's, growth went in the only remaining direction -- to the west -- into all the vast acreage previously controlled by the paper companies. This was made possible by significant investments in roads, water, and sewer infrastructure, which to the area's credit, were built well ahead of actual demand. These areas are shown in light red. Demand followed and now New Hampstead (shown in light green) is ideally situated to capture the next wave of growth. As with the previously successful PUD's, all infrastructure is already in place and a new High School will soon be under constructions. HIGHGATE BLVD Growth Patterns

7 PARCEL R5B ZONE X ZONE AE Parcel R5b is located in the New Hampstead PUD, north of Highway and south of Interstate 16. The site consists of a total of gross acres. Of this, are uplands and are wetlands. ZONE AE Most of the parcel lies in Floodzone X, i.e. not in the 100-year floodplain. ZONE X The site fronts on Highgate Boulevard and all utilities are to the site. R5B is served by the City of Savannah. ZONE AE Typically, a 20' development setback exists adjacent to jurisdictional wetlands. A 50' wide buffer has been established along the frontage with Highgate Boulevard. ZONE X HIGHGATE BLVD Plat