C H E S T E R M E R E

S E N I O R SC O N V E R S I O N

F O R W A R D S A L E O P P O R T U N I T Y 200 Marina Drive, Chestermere, AB 80 Studio Units

2 | JLL

T H E P R O P E R T Y

S U M M A R YT H E O P P O R T U N I T Y

I N V E S T M E N T H I G H L I G H T S

JLL Capital Markets, Multifamily, Alberta has been retained by the Vendor on an exclusive basis to arrange for the sale of 200 Marina Drive, Chestermere Alberta (“the Property”), a proposed 80 unit, three-storey independent living complex. The Property will be converted from a hotel to an independent seniors living facility.

The Property is being offered on a forward sale basis. No offer, regardless of form or content, will create any binding legal obligation upon the Vendor or the Advisor until fully executed by the Vendor and Purchaser. Please contact JLL for more information. Expressions of interest will be dealt with as received.

› Residential units will contain small dinette kitchens with limited appliances and large windows.

› Building amenities will include a dining lounge and commercial kitchen, fitness centre, residents lounge, and a theatre room.

› Services will include breakfast/lunch and dinner service, transportation/ride share, housekeeping, and bed linen service.

› Homecare and medication assistance will be available by a third party on a user pay basis.

› Full set of Architectural Drawings available.

Address 200 Marina Drive, Chestermere, Alberta

Legal Description Plan 1310746, Block 38, Lot 3

Current Zoning TC – Town Centre Commercial District

Property Type – Current Hotel

Property Type – After Conversion Independent Seniors

Site Size 65,340 SF

Net Rentable Area 46,031 SF

Year Built 2016

Construction Wood frame

Storeys 3

Suite Mix 80 Studio Suites (325-435 SF)

Parking Surface parking stalls

JLL | 3

Development Permits

Early 2020

Q1 2020

August 2020

October 2020

Preleasing Construction Projected Occupancy & Conversion Completion

JLL | 54 | JLL

1 7 M I N U T E Sfrom Peter Lougheed Centre

2 M I N U T E Sfrom Chestermere Lake

2 5 M I N U T E Sfrom Downtown Calgary

2 6 M I N U T E Sfrom Calgary International Airport

N E A R B Y A M E N I T I E S

The Canadian Brewhouse

Boston Pizza

Safeway

Oasis Medical Centre

Browns Socialhouse

Shoppers Drug Mart

House on the Rock Chapel

City of Chestermere City Hall

RBC

CIBC TD Canada Trust

1

1

7

2 8

3 9

4

5

6

10

11

12

Tim Hortons

› The Property is located in the beautiful city of Chestermere, in the municipal district of Rocky View County.

› Chestermere was originally named after Chestermere Lake, a 4.8km long lake which provides residents the opportunity to access an abundance of summer and winter lake activities such as swimming, boating, fishing and skating.

› Located within walking distance to Safeway and Shoppers Drug Mart, as well as other amenities such as a Hair Salon, Nail Salon and a variety of restaurants.

› Across the street from a walk-in Medical Clinic and is a 17-minute drive from the Peter Lougheed Centre in Calgary, Alberta.

› Easy access to arterial roadways such as Chestermere Boulevard and Trans-Canada Highway, making the commute to Calgary easy.

C H E S T E R M E R E

L O C A T I O N H I G H L I G H T S

C A L G A R Y

C H E S T E R M E R E

1

7

12

9 10

85

4

3

6

2

11

Chestermere Lake

Chestermere Blvd

Mar

ina

Dr

Chestermere Dr

Lakeside Golf Club

Property

4 | JLL

6 | JLL

Hayley BuskasUNLICENSED ASSOCIATE+1 587 881 0163Hayley.Buskas@am.jll.com

Amelia TerleckiMARKETING COORDINATOR+1 780 328 2576Amelia.Terlecki@am.jll.com

Samuel DeanSENIOR VICE PRESIDENT+1 403 456 8100Samuel.Dean@am.jll.com

Ryan MurphySENIOR SALES ASSOCIATE+1 403 456 5582RyanJ.Murphy@am.jll.com

Tyler HerderSALES ASSOCIATE+1 780 328 2576Tyler.Herder@am.jll.com

2 0 , 7 3 2

3 5 %

$ 1 3 4 , 1 0 1

2101 TD Tower, 10088 - 102 Ave Edmonton, AB, T5J 2Z1JLL.ca

DISCLAIMER Although information has been obtained from sources deemed reliable, neither Owner nor JLL makes any guarantees, warranties or representations, express or implied, as to the completeness or accuracy as to the information contained herein. Any projections, opinions,assumptions or estimates used are for example only. There may be differences between projected and actual results, and those differences may be material. The Property may be withdrawn without notice. Neither Owner nor JLL accepts any liability for any loss or damage suffered by any party resulting from reliance on this information. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2019 Jones Lang LaSalle IP, Inc. All rights reserved.

› Residents do not think there is currently enough housing designed for seniors available in Chestermere.

› Residents are interested in having seniors housing available in the future that offer supportive services such as meals, housekeeping, personal care and social activities.

› Residents feel the three most important factors for Seniors’ Housing location include proximity to services and amenities (shopping and banking), proximity to medical facilities and healthcare providers, and staying within Chestermere – close to family and friends.

D E M A N D F O R S E N I O R S ’ H O U S I N GC H E S T E R M E R E D E M O G R A P H I C S

More than 32% of Chestermere residents will be 55 years old or older by 2028, and their independent seniors’ living market is largely underserved. The City of Chestermere had a research firm conduct a survey in 2018 regarding the demand for Seniors’ Housing. The survey found that:

Population (2018)

Population Growth (2012-2018)

Median Household Income (2016)

T H A N K Y O U