subject property...on august 22, 2019, the 8,384 sf, 16-unit multifamily building at 225 ocean...

Subject Property

714 N 7th StLake Worth, Florida - Outer Boynton Beach Neighborhood

PROPERTY MANAGER

-

-

PROPERTY

-

No. of Units: 12

Stories: 1

Avg. Unit Size: -

Year Built: 1951

Parking: 12 Spaces; 1.0 per Unit

Distance to Transit:

Type: Apartments - All

Rent Type: Market OWNER

Johannes Jettinghoff

12 MONTH NET ABSORPTION

Current: 0 Units

Competitor Total: 1 Unit

Competitor Avg: 0.1 Units

Submarket Total: 599 Units

Submarket Avg: 1.5 Units

VACANCY

998 Units

3 Units

1 Unit

Current: 8.3% 1 Unit

Last Quarter: 8.3% 1 Unit

Year Ago: 8.3%

Competitors: 5.3%

Submarket: 6.3%

ASKING RENTS PER UNIT/SF

$1.47 /SF

$1.18 /SF

-

Current: - -

Last Quarter: - -

Year Ago: -

Competitors: $912

Submarket: $1,526

UnitsBed Bath Avg SF Mix % Units Percent Per Unit Per SF Per Unit Per SF Concessions

Unit Mix Availability Avg Asking Rent Avg Effective Rent

UNIT BREAKDOWN

1 1 - 12 100% 0 0.0% - - - - -

Totals Avg SF Units Mix % Units Percent Per Unit Per SF Per Unit Per SF Concessions

All 1 Beds - 12 100% 0 0.0% - - - - -

Totals - 12 100% 0 0.0% - - - - -

Updated November 09, 2019Estimate

12/16/2019Copyrighted report licensed to Compass Florida LLC - 786514.

Subject Property

BuildingPrimary

BuildingBuilding


714 N 7th St

PREPARED BY

Brad Kuskin

Managing Agent

Sale Comparables

12 Unit Apartment Building

Lake Worth, Florida - Outer Boynton Beach Neighborhood

Sale Comparables Summary714 N 7th St

12 $134 $1.5 6.2%Sale Comparables Avg. Price/Unit (thous.) Average Price (mil.) Average Vacancy at Sale

SALE COMPARABLE LOCATIONS

Sales Attributes Low Average Median High

Sale Price $710,000 $1,514,608 $1,162,500 $4,000,000

Price Per Unit $85,083 $134,488 $104,880 $250,000

Cap Rate 5.5% 7.2% 7.4% 9.5%

Vacancy Rate at Sale 0% 6.2% 7.7% 12.5%

Time Since Sale in Months 3.8 12.2 13.8 19.9

Property Attributes Low Average Median High

Property Size in Units 7 12 12 20

Number of Floors 1 1 2 3

Average Unit SF 517 881 762 2,487

Year Built 1952 1968 1969 2007

Star Rating 2.2


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Sale Comparables Summary714 N 7th St

Property Information

RatingProperty Name/Address Yr Built Units Vacancy Sale Date Price Price/Unit Price/SF

Sale Information

225 Ocean Breeze St

Ocean Breeze Apartments-1 1968 16 6.3% 8/22/2019 $2,300,000 $143,750 $274

927 S Pine St-2 1974 8 12.5% 6/14/2019 $805,000 $100,625 $122

15 S Palmway-3 1952 11 9.1% 5/30/2019 $1,225,000 $111,363 $151

809 S K St

Lake Worth Shores Apartments-4 1974 12 8.3% 4/12/2019 $1,300,000 $108,333 $148

202 Lucerne Ave-5 1974 13 7.7% 3/28/2019 $2,100,000 $161,538 $225

611 N Federal Hwy-6 1952 8 12.5% 10/29/2018 $884,305 $110,538 $200

1401 S Federal Hwy

South Palm Suites-7 1971 20 5.0% 10/16/2018 $1,850,000 $92,500 $113

701 S G St-8 1971 13 7.7% 10/11/2018 $1,100,000 $84,615 $105

2271 Lake Worth Rd-9 1958 7 0% 8/17/2018 $710,000 $101,428 $100

1001 N Federal Hwy

Tuscan Villas-10 2007 16 6.3% 6/28/2018 $4,000,000 $250,000 $101

3083 Ferrell Dr-11 1964 10 0% 6/12/2018 $1,000,000 $100,000 $116

22 S H St-12 1953 12 8.3% 4/20/2018 $901,000 $75,083 $145


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Sale Comparables714 N 7th St

Ocean Breeze Apartments - 225 Ocean Breeze StLake Worth, FL 33460 - Bryant Park Neighborhood

1

SALE

Sale Date: 8/22/2019

Sale Price: $2,300,000

Price Per Unit: $143,750

Price Per SF: $274

Cap Rate: 6.6%

PROPERTY

Property Size: 16 Units, 2 Floors

Average Unit Size: -

Year Built: 1968

Vacancy At Sale: 6.3%

Parking Spaces: 16 Spaces; 1.0 per Unit

CONTACTS

Buyer: Gerardo Romero

Seller: Bailyn Group, LLC

Buyer Broker: ONE Commercial Real Estate - Alexis Shapiro

Listing Broker: ONE Commercial Real Estate - Alexis Shapiro

UnitsBed Bath Avg SF Mix % Units Vac % Per Unit Per SF Per Unit Per SF Concessions

Unit Mix Vacancy Avg Asking Rent Avg Effective Rent

UNIT MIX AT SALE

1 1 - 16 100% 1 6.3% $788 - $788 - 0.0%

Totals - 16 100% 1 6.3% $788 - $788 - 0.0%

SITE AMENITIES

Laundry Facilities

UNIT AMENITIES

Air Conditioning, Balcony

TRANSACTION NOTES

On August 22, 2019, the 8,384 SF, 16-unit Multifamily Building at 225 Ocean Breeze St. in Lake Worth, FL, was sold for $2,300,000, or $143,750per unit.The financed transaction was in escrow for 70 days and was producing a net operating income of $152,790 with a cap rate of 6.64% at sale price.Alexis Shapiro of One Commercial Real Estate represented the seller Jay Bailyn of 225 Ocean Breeze LLC and also the buyers, Geraldo andNelly Chang Romero.The Ocean Breeze Apartments were built in 1968 and renovated in 2018 with new mini split a/c units, electrical and updated interiors. The assetis situated on a 26,228 square foot lot with MF-20 Low Density Multifamily zoning.The details of this transaction were verified with the listing and selling brokers.


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927 S Pine StLake Worth, FL 33460 - Genesis Neighborhood

2

SALE


Sale Price: $805,000


Price Per SF: $122

Cap Rate: 7.9%

PROPERTY



Year Built: 1974



CONTACTS

Buyer: Kamal Ahmed

Seller: Gibbons Jeffrey

Listing Broker: Paradise Real Estate International - Marcy Portugal

FINANCING

$603,750 from Legacy Bank



UNIT MIX AT SALE

Studio - - - - - - - - - - -

Totals - 8 100% 1 12.5% - - - - -

TRANSACTION NOTES

On 6/14/19 the 6,600 SF Multi-Family building sold for $805,000.

Jeffrey Gibbons sold the property to Kamal Ahmed. The transaction was financed with $201,250 put down. The reported cap rate was 7.87% andthe property was 100% occupied at the time of sale. The sale was under contract for approximately 2 months.

Marcy Portugal with Paradise Real Estate International represented the seller, while there was no broker involved for the buyer.


Page 8


15 S PalmwayLake Worth, FL 33460 - Bryant Park Neighborhood

3

SALE




Price Per SF: $151

Cap Rate: -

PROPERTY



Year Built: 1952



CONTACTS

Buyer: Rubio Caryn & Edward

Seller: Brian Finneran

FINANCING

$1,005,000 from Optima Bank & Trust



UNIT MIX AT SALE

1 1 - 9 81.8% 1 11.1% $775 - $775 - 0.0%

2 2 - 2 18.2% 0 0.0% $1,092 - $1,092 - 0.0%

Totals - 11 100% 1 9.1% $832 - $832 - 0.0%

TRANSACTION NOTES

On the 30th of May 2019, the 8,090 square-foot apartment complex at 15 S Palmway sold for $1,225,000 to Ed and Caryn Rubio, two privateinvestors.

The property is comprised of 11 units with a 75% occupancy rate.

Ed and Crayn had financed $1,005,000 for kitchen renovations and painting.

The details of this comparable have been confirmed with the buyer and public record.


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Lake Worth Shores Apartments - 809 S K StLake Worth, FL 33460 - SOSA Neighborhood

4

SALE




Price Per SF: $148

Cap Rate: 7.2%

PROPERTY


Average Unit Size: 730 SF

Year Built: 1974



CONTACTS

Buyer: Maxiplex, LLC

Seller: Harvest Holdings LLC

Buyer Broker: The Goldstein Group - Martin Goldstein

Listing Broker: The Goldstein Group - Martin Goldstein, Russell Goldstein



UNIT MIX AT SALE

2 1 730 12 100% 1 8.3% - - - - -

Totals 730 12 100% 1 8.3% - - - - -

TRANSACTION NOTES

On 4/12/2019, the Lake Worth Shores Apartments sold for $1.3M or $108,333 per unit.

Located in Lake Worth, FL, the 8,761-square-foot, class C, multi-family building sold to Maxiplex, LLC.

The seller, Harvest Holdings, was represented by Russell and Martin Goldstein of the Goldstein Group.


Page 10


202 Lucerne AveLake Worth, FL 33460 - Parrot Cove Neighborhood

5

SALE




Price Per SF: $225

Cap Rate: 5.5%

PROPERTY



Year Built: 1974



CONTACTS

Buyer: Marco & Deborah Seidman

Seller: Bailyn Group, LLC

Buyer Broker: ONE Commercial Real Estate - Alexis Shapiro

Listing Broker: ONE Commercial Real Estate - Alexis Shapiro



UNIT MIX AT SALE

1 1 - 12 92.3% 1 8.3% $660 - $660 - 0.0%

1 2 - 1 7.7% 0 0.0% $1,309 - $1,309 - 0.0%

Totals - 13 100% 1 7.7% $710 - $710 - 0.0%

TRANSACTION NOTES

On March 28, 2019, the 13-unit-9,284-square foot multi-family building located at 202 Lucerne Ave in Lake Worth, Florida 33460 was sold for$2,100,000. The asking price was $2,250,000. The asking price was $2,250,000 The cap rate was reported to be 5.49 or $115,425 NOI. Theproperty was 92% occupied at closing. The escrow was 90 days. The buyer assumed the loan.

The sale was part of the seller's asset reduction. The buyer purchased for cash flow purposes. The details of this comp were verified with thebroker that represented both sides and the seller. The deed will be added when it is available.


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611 N Federal HwyLake Worth, FL 33460 - Mango Groves Neighborhood

6

SALE

Sale Date: 10/29/2018



Price Per SF: $200

Cap Rate: 8.0%

PROPERTY



Year Built: 1952



CONTACTS

Buyer: JOSEPH CARBONELL

Seller: Alan Bias

FINANCING

$442,153 from Marine Bank & Trust Company



UNIT MIX AT SALE

Studio - - - - - - - - - - -

Totals - 8 100% 1 12.5% - - - - -

TRANSACTION NOTES

On October 29, 2018 611 N Federal Highway Llc sold 611 N Federal Hwy to Equable Acquisitions Inc for $884,305.

The space is a 4,420 sf multi-family property in Palm Beach County.

The information for this comparable was confirmed by selling party.


Page 12


South Palm Suites - 1401 S Federal HwyLake Worth, FL 33460 - SOSA Neighborhood

7

SALE

Sale Date: 10/16/2018



Price Per SF: $113

Cap Rate: -

PROPERTY



Year Built: 1971



CONTACTS

Buyer: David Indik

Seller: Miami Real Estate Trust LLC

Buyer Broker: Peak Realty LLC - Ari Lind

Listing Broker: J.D. Winston, LLC - Frank Braider

FINANCING

$1,387,500 from Anchor Com'l Bk



UNIT MIX AT SALE

1 1 - 18 90.0% 1 5.6% - - - - -

3 2 - 2 10.0% 0 0.0% - - - - -

Totals - 20 100% 1 5.0% - - - - -

UNIT AMENITIES

Air Conditioning

TRANSACTION NOTES

On October 16, 2018 Interloc Properties, Llc sold 1401 S Federal Hwy to Sheji Llc for $1,850,000.

The space is a 16,356 sf, 20 unit multifamily property in Palm Beach County.

The information for this comparable was confirmed by both parties.


Page 13


701 S G StLake Worth, FL 33460 - Genesis Neighborhood

8

SALE

Sale Date: 10/11/2018



Price Per SF: $105

Cap Rate: 7.5%

PROPERTY


Average Unit Size: 788 SF

Year Built: 1971



CONTACTS

Buyer: Christopher Bruce

Seller: Melissa C Mazzotta

Buyer Broker: One International Realty - Jody Hernandez

Listing Broker: BAWONS Properties - Wendy Pierre, CCIM



UNIT MIX AT SALE

1 1 725 2 15.4% 0 0.0% $592 $0.82 $592 $0.82 0.0%

2 1 800 11 84.6% 1 9.1% $757 $0.95 $757 $0.95 0.0%

Totals 788 13 100% 1 7.7% $731 $0.93 $731 $0.93 0.0%

UNIT AMENITIES

Air Conditioning

TRANSACTION NOTES

The buyer confirmed that 701 G LLC sold the apartment building at 701 G St in Miami, FL to Option C properties on 10/11/2018 for $1,100,000, orapproximately $84,615 per unit.

The buyer confirmed this was ion the market 2 and half months with a 135 day under contract period. The sale was financed with 33% down.Asking price was $1,170,000 with a 7.07% cap rate. At closing price the cap rate is 7.5%.The buyer indicated this was a good investmentopportunity.

The property is 13-unit, 1 story, 10,464 SF apartment building sitting on .55 acres. It is located in the Genesis MF submarket. The unit mix for theproperty is as follows: 2-one bedroom; 11 two-bedroom.

Recorded Documents were not available at time of publication. When the information is available, this report will be updated.


Page 14


2271 Lake Worth RdLake Worth, FL 33461 - Outer Greenacres Neighborhood

9

SALE




Price Per SF: $100

Cap Rate: 9.5%

PROPERTY



Year Built: 1958

Vacancy At Sale: 0%


CONTACTS

Buyer: -

Seller: 2271 Lake Worth Road Llc

Listing Broker: The Keyes Company - Scott Pressman



UNIT MIX AT SALE

Studio - - - - - - - - - - -

Totals - 7 100% 0 0.0% - - - - -

TRANSACTION NOTES

2271 Lake Worth Road Llc sold 2271 Lake Worth Road on August 17th, 2018 for a price of $710,000. This investment property has an NOI of$67,425 and CAP rate of 9.5%.


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Tuscan Villas - 1001 N Federal HwyLake Worth, FL 33460 - Eden Place Neighborhood

10

SALE




Price Per SF: $101

Cap Rate: 5.5%

PROPERTY



Year Built: 2007



CONTACTS

Buyer: Bay-Beach Rentals.Com I, LLC

Seller: Tuscan Villas Owner, LLC

Buyer Broker: Miami Red Box Realty - Alexander Lukas Agudelo

Listing Broker: ONE Commercial Real Estate - Eduardo Gil, Robinson Seda



UNIT MIX AT SALE

3 3.5 - 16 100% 1 6.3% - - - - -

Totals - 16 100% 1 6.3% - - - - -

SITE AMENITIES

24 Hour Access, Cabana, Courtyard, Guest Apartment, Laundry Facilities, Trash Pickup - Curbside

UNIT AMENITIES

Air Conditioning, Attic, Balcony, Dining Room, Double Pane Windows, Double Vanities, Family Room, Garden, Granite Countertops, HardwoodFloors, Heating, High Speed Internet Access, Kitchen, Microwave, Mother-in-law Unit, Office, Oven, Pantry, Porch, Range, Refrigerator, SmokeFree, Tile Floors, Tub/Shower, Walk-In Closets, Washer/Dryer

TRANSACTION NOTES

On June 28, 2018, the Tuscan Villas at 1001 N Federal Hwy in Lake Worth, FL were sold for $4 million, or $250,000 per unit.

At the time of the sale, 1 of the 16 units was vacant yielding a cap rate of 5.5%.

The transaction was in escrow for approximately 45 days. The buyer, a California-based investor, identified the property as the upleg for a 1031exchange. He liked this location in Palm Beach County and felt that it was a good investment. In turn, he sold a property that he owned inSouthern California, however, the specifics of that transaction were unable to be obtained.

The sellers were a group of investors based in Argentina. The listing broker noted that he helped them to acquire the property in 2014.

The verified details in this report were confirmed with the listing broker, the buyer broker, and public record information.


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3083 Ferrell DrLake Worth, FL 33461 - Outer Greenacres Neighborhood

11

SALE




Price Per SF: $116

Cap Rate: -

PROPERTY



Year Built: 1964

Vacancy At Sale: 0%


CONTACTS

Buyer: David Indik

Seller: Palm Partners Recovery Center



UNIT MIX AT SALE

Studio - - - - - - - - - - -

Totals - 10 100% 0 0.0% - - - - -

TRANSACTION NOTES

Interloc Llc sold the 8,606 SF, 10-unit multifamily building at 3083 Ferrell Dr. in Lake Worth, FL to 3083 Ferrell Drive Llc on 6/12/2018 for $1M or$100,000 per unit.

This information was verified through recorded documents that were provided by public records from Palm Beach county.


Page 17


22 S H StLake Worth, FL 33460 - Hope Neighborhood

12

SALE




Price Per SF: $145

Cap Rate: -

PROPERTY



Year Built: 1953



CONTACTS

Buyer: Red Rock Realty LLC

Seller: Jack Perlman

Buyer Broker: Century 21 Coastline Realty, Inc. - Ashley Alshut, Blair Alshut

Listing Broker: Moecker Brokers - Terry Keller, Will Reynoso Sperry Van Ness M…



UNIT MIX AT SALE

1 1 - 10 83.3% 1 10.0% $709 - $709 - 0.0%

2 1 - 2 16.7% 0 0.0% $981 - $981 - 0.0%

Totals - 12 100% 1 8.3% $754 - $754 - 0.0%

TRANSACTION NOTES

Broker Will Reynoso confirmed closing price of $901,000 for 6,300 sf of this Multi-family Building on April 20, 2018.


Page 18

Sales Volume714 N 7th St

PALM BEACH METRO SALES VOLUME IN UNITS

BOYNTON BEACH SUBMARKET SALES VOLUME IN UNITS

OUTER BOYNTON BEACH NEIGHBORHOOD SALES VOLUME IN UNITS


Page 19

Sales Pricing714 N 7th St

NATIONAL PRICE INDICES

REGIONAL MULTI-FAMILY PRICE INDICES


Page 20

Sales Pricing714 N 7th St

PALM BEACH PRICE PER UNIT INDEX

UNITED STATES PAST YEAR BY PRICE PER UNIT PALM BEACH PAST YEAR BY PRICE PER UNIT

PRICE PER UNIT SUMMARY FOR SALES IN PAST YEAR

Geography HighTop 25%AverageMedianBottom 25%LowTransactions

$36,550,000United States 20,769 $5,000 $36,869 $115,190 $160,747 $400,979

$1,625,000Palm Beach 150 $8,750 $58,242 $130,104 $168,992 $349,687

$350,000Boynton Beach 38 $61,250 $84,826 $113,625 $181,115 $202,750

$223,130Outer Boynton Beach 12 $61,250 $69,250 $110,937 $194,424 $194,280

$250,000Selected Sale Comps 12 $75,083 $84,066 $104,880 $124,488 $185,096


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Cap Rates714 N 7th St

CAP RATE TRENDS

UNITED STATES CAP RATES PAST YEAR PALM BEACH CAP RATES PAST YEAR

CAP RATE SUMMARY STATISTICS IN PAST YEAR

Geography HighTop 25%AverageMedianBottom 25%LowTransactions

25.0%United States 10,115 0.3% 3.9% 5.8% 6.3% 9.6%

18.4%Palm Beach 65 3.5% 4.9% 7.0% 7.6% 11.5%

12.6%Boynton Beach 17 4.1% 4.9% 6.8% 7.0% 9.3%

5.8%Outer Boynton Beach 4 4.1% 4.1% 4.6% 4.8% 5.8%

9.5%Selected Sale Comps 8 5.5% 5.5% 7.4% 7.2% 8.8%


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Buyers714 N 7th St

TOP PALM BEACH MULTI-FAMILY BUYERS PAST TWO YEARS

Purchased at least one asset in Boynton Beach Multi-Family submarket

Properties Bought

Company Name Bldgs VolumeUnits

Properties Sold

Units BldgsVolume

AvalonBay Communities, Inc. 3 660 $241,000,000 0 0 -

Elco Ltd. 3 832 $176,900,000 1 542 $97,250,000

Carroll Organization 3 1,122 $173,221,253 1 466 $90,500,000

Prudential Financial, Inc. 3 1,122 $173,221,253 2 850 $211,335,000

CalPERS 2 470 $152,470,053 0 0 -

GID Investment Advisers LLC 2 470 $152,470,053 0 0 -

Clarion Partners 1 384 $120,835,000 1 297 $112,000,000

Stockbridge Capital Group LLC 1 350 $120,000,000 0 0 -

Heitman LLC 1 297 $112,000,000 0 0 -

Advenir, Inc. 1 542 $97,250,000 0 0 -

IMT Capital 1 466 $90,500,000 1 264 $54,500,000

Cardone Capital 1 346 $90,000,000 2 294 $50,800,000

Federal Capital Partners 3 683 $85,500,000 0 0 -

Greystar 1 352 $83,600,000 4 1,336 $220,971,253

Robbins Property Associates LLC 2 408 $77,850,000 0 0 -

Southport Financial Services 4 682 $70,200,000 0 0 -

Axonic Capital 3 484 $69,900,000 1 16 $2,258,500

Morguard Investments Limited 2 351 $67,750,000 0 0 -

Cottonwood Residential 1 245 $66,923,500 0 0 -

Priderock Capital Management 1 338 $64,020,000 1 206 $44,400,000

Starwood Capital Group 2 518 $58,606,334 0 0 -

Cortland 1 264 $54,500,000 0 0 -

The Millennia Companies 2 432 $52,300,000 1 216 $36,000,000

Klingbeil Capital Management Ltd. 1 280 $51,800,000 0 0 -

Southstar Capital Group LLC 1 214 $47,750,000 0 0 -

TYPES OF MULTI-FAMILY PALM BEACH BUYERS PAST TWO YEARS

Company Type Bldgs Billions Avg PricePrice/Unit

Average Purchase

Units

Buying Volume

Private 158 11,462 $168,284 $12,208,069$1.92

Institutional 21 4,552 $209,013 $45,306,078$.95

REIT/Public 4 780 $369,698 $72,091,205$.28

Private Equity 1 93 $80,645 $7,500,000$.00

$0 $0.5 $1 $1.5 $2


Page 23

Sellers714 N 7th St

TOP PALM BEACH MULTI-FAMILY SELLERS PAST TWO YEARS

Sold at least one asset in Boynton Beach Multi-Family submarket

Properties Sold

Company Name Bldgs VolumeUnits

Properties Bought

Units BldgsVolume

Greystar 4 1,336 $220,971,253 1 352 $83,600,000

Prudential Financial, Inc. 2 850 $211,335,000 3 1,122 $173,221,253

Goldman Sachs & Company 3 1,122 $173,221,253 0 0 -

Codina Partners 1 370 $138,000,000 0 0 -

The Praedium Group 1 370 $138,000,000 0 0 -

Angelo, Gordon & Co. 3 735 $125,420,000 0 0 -

Alliance Residential Company 1 384 $120,835,000 0 0 -

Carlyle Investments, Inc. 1 350 $120,000,000 0 0 -

Clarion Partners 1 297 $112,000,000 1 384 $120,835,000

The Kolter Group 3 298 $107,422,490 0 0 -

Ram Realty 2 290 $103,000,000 0 0 -

Elco Ltd. 1 542 $97,250,000 3 832 $176,900,000

LEM Capital 1 542 $97,250,000 1 216 $43,850,000

Danburg Management 1 282 $92,120,053 0 0 -

Tate Enterprises 1 282 $92,120,053 0 0 -

Mill Creek Residential Trust LLC 1 448 $91,500,000 0 0 -

Carroll Organization 1 466 $90,500,000 3 1,122 $173,221,253

Atlantic | Pacific Companies 1 346 $90,000,000 0 0 -

Rockpoint Group LLC 1 346 $90,000,000 0 0 -

ResProp Management 3 683 $85,500,000 0 0 -

TPG Global LLC 1 352 $83,600,000 0 0 -

UBS Financial Services, Inc. 1 352 $83,600,000 0 0 -

Compson Associates, Inc. 2 351 $67,750,000 0 0 -

Charles M. Scardina, Jr. 1 245 $66,923,500 0 0 -

ESG Kullen 1 338 $64,020,000 1 93 $7,500,000

TYPES OF MULTI-FAMILY PALM BEACH SELLERS PAST TWO YEARS

Company Type Bldgs Billions Avg PricePrice/Unit

Average Sale

Units

Selling Volume

Private 169 13,429 $183,666 $14,594,405$2.46

Institutional 26 4,874 $215,832 $40,460,327$1.05

Private Equity 5 1,164 $245,734 $57,206,964$.28

REIT/Public 0 0 - --

$0 $0.7 $1.4 $2.1 $2.8


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