CORE Multifamily Investment: Unlocking Opportunities

WHY MULTIFAMILY? •

Core Development is excited to present this lucrative investment opportunity that combines the growing demand for affordable housing with the potential for high returns.

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Lehigh Acres located in Southwest Florida, Lee County, situated east of Fort Myers and north of Naples has experienced significant population growth in recent years. With its proximity to major cities, beautiful weather, and affordable cost of living, the area has become increasingly attractive to both residents and investors.

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The high projected growth rates for Lehigh Acres paired with the high percentage of residents renting make this community a great option for investors. It’s an affordable real estate market with plenty of investment properties to choose from. Lehigh Acres is expected to see more than 41% job growth over the next ten years.

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Based on our market analysis, we anticipate strong rental demand and healthy occupancy rates. Our financial projections indicate attractive returns on investment. With conservative estimates, we expect the project to generate consistent cash flow and capital appreciation over the long term.

© CORE RE Advisers & Development 2023 CORE RE ADVISERS & DEVELOPMENT |12557 New Brittany Blvd. Suite 3, Ft Myers, FL, 33907 | Office: 239-356-1494 | WWW.COREREFL.COM

CHALLENGES FACING THE LEHIGH ACRES MULTIFAMILY HOUSING MARKET. •

Lehigh Acres, Florida, is facing a significant lack of rental housing. As more people choose to settle in Lehigh Acres, the demand for affordable rental housing has skyrocketed.

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Over the years, Lehigh Acres has experienced a surge in population due to its proximity to larger cities like Fort Myers, Naples, and Cape Coral.

Unfortunately, this influx of residents has outpaced the construction of affordable rental housing options, exacerbating the problem.

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Rising property values and high interest rates have also contributed to the lack of affordable housing in Lehigh Acres. As more individuals and families are priced out of the market, they shift their focus to the rental market, further intensifying the housing demand in the area.

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Development and investment in the area are contributing to the expansion of the rental market, attracting both local and national investors. As a result, Lehigh Acres has become a sought-after destination for those looking for quality affordable housing in the flourishing Southwest Florida region.

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The Home Affordability Index (HAI) reflects the relationship between the median family income (MFI) in a location and the median price of a home in that same area.

© CORE RE Advisers & Development 2023 CORE RE ADVISERS & DEVELOPMENT |12557 New Brittany Blvd. Suite 3, Ft Myers, FL, 33907 | Office: 239-356-1494 | WWW.COREREFL.COM

ADDRESSING THE SHORTAGE OF MULTIFAMILY HOMES IN LEHIGH ACRES Demand for Multifamily Housing: • The demand for multifamily housing in Lehigh Acres is on the rise. As the population continues to grow, the need for affordable rental options is becoming more pressing. Our proposed development of multifamily duplexes addresses this demand by offering modern, well-designed units at competitive rental rates.

Public-Private Partnerships: • Core has established collaborations between government entities, developers, and investors that can help address the shortage of multifamily homes effectively. By pooling resources and expertise, these partnerships can expedite the development process and create more affordable housing options.

The Core Advantage: • Core projects stand out from the competition in several ways.

• Location: We have carefully chosen sites that are centrally located, providing easy access to schools, shopping centers, medical facilities, and major highways.

• Affordability: Our units are priced competitively, catering to the growing demand for affordable housing in the area.

• Quality and Design: Core duplexes are built using high-quality materials and modern architectural designs, ensuring a comfortable and attractive living environment for tenants.

© CORE RE Advisers & Development 2023 CORE RE ADVISERS & DEVELOPMENT |12557 New Brittany Blvd. Suite 3, Ft Myers, FL, 33907 | Office: 239-356-1494 | WWW.COREREFL.COM

Investment Proforma: New Construction Multifamily Duplex in Lehigh Acres.

Property Details: Location: Lehigh Acres Property Type: Multifamily Duplex Construction Type: New Construction

Financial Assumptions: 1. Land Acquisition Cost: $40,000 2. Construction Cost: $430,000 3. Construction Timeline: 9 months After Permits 4. Total Project Cost: $470,000 (land acquisition cost, and construction cost) 5. Holding Period: 5 years

Income Projections: 1. Monthly Rental Income per Unit: $2,500 2. Number of Units: 2 3. Total Monthly Rental Income: $5,000 4. Vacancy Rate: 5% 5. Effective Monthly Rental Income: $4,750 ($5,000 - 5% vacancy rate)

Expenses: 1. Property Management Fee: 8% of monthly rental income 2. Property Taxes Est: $4,000 per year 3. Insurance Est: $2,000 per year 4. Maintenance and Repairs: 5% of effective monthly rental income 5. Utilities Est: $300 per month

Financial Analysis: 1. Gross Potential Income (GPI) per year:

2. GPI = Effective Monthly Rental Income * 12 months 3. GPI = $5,000 * 12 = $60,000 * Please note that the above proforma is based on the provided assumptions and should be used for informational purposes only. ** Average Lehigh Acres Comp for 3BD-2BA X 2, Duplex Built-in 2023 as per SWFL MLS $545,000. © CORE RE Advisers & Development 2023 CORE RE ADVISERS & DEVELOPMENT |12557 New Brittany Blvd. Suite 3, Ft Myers, FL, 33907 | Office: 239-356-1494 | WWW.COREREFL.COM

THE VILLAS DUPLEX Net Operating Income (NOI) per year: •

1. NOI = GPI - Operating Expenses

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2. Operating Expenses = Property Management Fee + Property Taxes + Insurance +

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3. Maintenance and Repairs + Utilities

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4. Operating Expenses = (8% * $5,000 * 12) + $4,000 + $2,000 + (5% * $4,750 * 12) + ($300 * 12)

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5. Operating Expenses = $4,800 + $4,000 + $2,000 + $2,850 + $3,600 = $13,046

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6. NOI = $60,000 - $17,250 = $42,750

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7. 10% Cap Rate

© CORE RE Advisers & Development 2023 CORE RE ADVISERS & DEVELOPMENT |12557 New Brittany Blvd. Suite 3, Ft Myers, FL, 33907 | Office: 239-356-1494 | WWW.COREREFL.COM

SAMPLE OF SOME OF OUR CURRENT AND PAST PROJECTS

© CORE RE Advisers & Development 2023 CORE RE ADVISERS & DEVELOPMENT |12557 New Brittany Blvd. Suite 3, Ft Myers, FL, 33907 | Office: 239-356-1494 | WWW.COREREFL.COM

CORE REAL ESTATE AND DEVELOPMENT LEADERSHIP Alex Souza

Richard Viera

Founding Partner | Florida Licensed Real Estate Broker

Founding Partner | Director Of Project Development

Alex Souza, Licensed Florida Real Estate Broker, is a founding partner of Core Realty Advisers, LLC and Core Development Group, LLC. With over 23 years of experience, Alex has established a reputation for excellence and expertise in the real estate market, consistently exceeding clients' expectations and delivering exceptional results.

Richard Viera is a seasoned real estate developer and founding partner of Core Development Group, LLC. With over 25 years of experience in the industry, Richard has established himself as a trusted and influential figure in the field of real estate development. His expertise, strategic thinking, and relentless pursuit of excellence have led to numerous successful projects and substantial growth for Core Development Group.

Throughout his career, Alex has fostered close relationships with a diverse portfolio of clients, earning their trust through unwavering integrity, transparency, and a commitment to excellence.

With a proven track record of success, a wealth of knowledge, and an unwavering dedication to his clients, Alex continues to be a driving force in the real estate industry.

His vision, expertise, and unwavering commitment to excellence makes Alex a prominent figure in the ever-evolving world of real estate and development.

In addition to Core Realty Advisers, LLC, Alex also founded Core Development Group, LLC, an innovative real estate development company. With an eye for identifying lucrative opportunities, Alex has successfully transformed underutilized properties into thriving residential, commercial, and mixed-use projects.

The ability to swiftly navigate complex transactions and negotiate favorable deals has made Alex a sought-after advisor in the industry.

Throughout his career, Richard has delivered an impressive track record of successful projects, earning Richard recognition for his leadership and expertise in the real estate development industry. Richard’s commitment to quality, attention to detail, and focus on creating functional and sustainable spaces have consistently set Richard apart from competitors.

Beyond his role as a founding partner, Richard also serves as the Director of Development at Core Development Group. In this capacity, he works closely with a diverse team of professionals, including architects, engineers, sub-contractors, and other industry experts, to ensure seamless project delivery, adherence to timelines, and budget control.

Commitment to quality has earned Richard the respect of his peers and made him a trusted partner for clients seeking innovative and successful real estate development solutions.

© CORE RE Advisers & Development 2023 CORE RE ADVISERS & DEVELOPMENT |12557 New Brittany Blvd. Suite 3, Ft Myers, FL, 33907 | Office: 239-356-1494 | WWW.COREREFL.COM

OPPORTUNITY IS KNOCKING •

Are you ready to seize an incredible opportunity in the booming Lehigh Acres real estate market? Look no further, invest now, in New Construction, Lehigh Acres, Florida, where the multifamily sector is ripe for investment.

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With its fast-growing population, robust economy, and strategic location, Lehigh Acres is the perfect setting to maximize your returns. This rapidly expanding city offers an abundance of potential for those looking to profit from the multifamily housing market.

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In addition to the promising economic climate, Lehigh Acres’ proximity to beaches, dining, and an array of outdoor recreational activities makes Lehigh Acres an appealing destination for tenants. By capitalizing on Lehigh Acres’ fantastic location, you have the advantage of attracting an array of prospective tenants, further solidifying the profitability of your multifamily investment.

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Now is the time to take action and capitalize on this golden investment opportunity. Take advantage of the city's growth, economic stability, and desirable location to secure your share of the lucrative multifamily market.

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Don't let this chance slip away! Contact CORE today and let our experienced team guide you through the process of finding the perfect lot and multifamily property investment in Lehigh Acres. Together, we can unlock the true potential of your capital and pave the way for a thriving and prosperous real estate portfolio.

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Alex Souza: Direct 239-222-1661 | alex@corerefl.com

© CORE RE Advisers & Development 2023 CORE RE ADVISERS & DEVELOPMENT |12557 New Brittany Blvd. Suite 3, Ft Myers, FL, 33907 | Office: 239-356-1494 | WWW.COREREFL.COM

THANK YOU

Thank you for considering this investment opportunity in the development of multifamily duplexes in Lehigh Acres, Florida. We look forward to the possibility of working together to achieve attractive returns and contribute to the growing demand for affordable housing in this thriving market.

* This is not an offer to sell or a solicitation of any offer to buy any securities. To obtain further information, please contact us directly at 239-356-1494.

© CORE RE Advisers & Development 2023 CORE RE ADVISERS & DEVELOPMENT |12557 New Brittany Blvd. Suite 3, Ft Myers, FL, 33907 | Office: 239-356-1494 | WWW.COREREFL.COM