KBK Enterprises

4249 Easton Way, Suite 220, Columbus, Oh, 43219 2/15/19

Who We Are Keith B. Key Enterprises (KBK) is a multi-dimensional corporation, uniquely positioned to develop real estate in urban America through strategic alliances. We employ creative financing, community participation, and public/private partnerships to produce high quality housing, office and mixeduse projects. We have ongoing business in Columbus, OH, Pittsburgh, PA, Washington, DC and New Orleans, LA. Our mission is ultimately to change the lives of those in the communities that we serve.

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Keith B. Key - Highlights Raised in public housing in Pittsburgh, PA. § Former Ohio State University football player. § B.S. in Economics from The Ohio State University. § Began career at the Huntington National Bank and one of the founding fathers of The Huntington’s nationally recognized Community Centered Banking Program. § Co-founder of Omni Management Group in 1996. § Founded KBK Enterprises in 2004. § Columbus State Community College Foundation Board Member. § Ohio State University Foundation Board Member.

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Our Services Real Estate Development Founded in 2004, KBK Enterprises has extensive experience in multi-family housing and commercial properties. Currently KBK Enterprises has been involved in over $1 billion dollars in development. As a trusted leader in the affordable housing industry for over 20 years, we have built a solid reputation for profitable real estate projects involving multiple partnerships with corporations, housing authorities, government agencies, faith based entities, and community groups. Our genuine commitment to affordable housing, minority business participation, and access to employment has led KBK Enterprises to achieve local and national recognition for its accomplishments in these areas.

Construction KBK Enterprises is a minority owned business and has committed to provide access to minority contractors through Alliance Construction Group. Alliance Construction Group is a full service construction company that provides a range of professional services including commercial, institutional and affordable residential housing. Alliance Construction Group continues to remain focused on our customer’s needs, through creativity and inclusivity. From pre–construction planning to post construction assistance, our teams combine the benefit of experience, passion for performance, and attention to customer satisfaction.

Property Management Services Key Property Management Services is a comprehensive property management company that couples our expertise in the affordable housing arena with a focus on supportive services for our residents. The key to our success in property management is a personalized, multi-faceted approach, working with clients, residents and owners to assess the individual needs of each property. We manage to keep pace with the market by implementing industry best practices and adding experienced personnel to our team.

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A Commitment to Excellence KBK Enterprises believes that courage, discipline and passion are the foundations of excellence. These characteristics are demonstrated through our professionalism, hard work and expertise in real estate development, construction and property management. Below are awards that recognize some of our corporate development achievements which exemplify our commitment to community and changing lives in the communities we serve.

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Featured in countless national news media.

Awarded 2007 recipient of the National Black Chamber of Commerce’s “Partner of the Year.”

Received largest award for minority owned business in Pittsburgh’s history.

Received proclamation from Pittsburgh Mayor.

Received HUD Award: IRP Decoupling.

Largest MBE/WBE/Section 3 participation in Pittsburgh.

Illinois Black Chamber of Commerce “Business of the Year.”

New Orleans: 66% MBE participation at Marrero Commons.

Only African American firm awarded one of the “Big 4” developments in New Orleans ($69 million tax credit award).

Largest tax credit award in Western PA from PHFA in 2007.

Champion Enterprises Willie Stargell MVP Award in 2008.

Omega Psi Phi “Business of the Year” in 2009.

Received Western Pennsylvania Minority Supplier Development Council Economic Impact Award in 2013.

Received Pittsburgh Pirates Community Champion Award in 2014.

Received Key to the City in 2015—Pittsburgh.

Received MWBE Governmental Committee Hall of Fame Award in 2015.

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Civic Involvement & Philanthropy KEITH B. KEY CENTER FOR STUDENT LEADERSHIP & SERVICE Family members and long time friends gathered for the Grand Opening of The Keith B. Key (KBK) Center for Student Leadership and Service on Friday, September 7, 2012.

Close to 200 guests attended the event held at The Ohio Union. This premier facility meets the changing needs of students at The Ohio State University by serving as a center of activity, community dialogue and learning. The center was named after Mr. Key not only due to his $1 million contribution to The Office of Student Life, but was based upon his commitment to leadership and service.

The Keith B. Key Center for Student Leadership and Service at the Ohio Union is a place where students can discover and enhance their leadership skills through workshops, community service, sororities and fraternities, or one of more than 1,000 student organizations. The Center is the student’s point of connection for the full spectrum of involvement at Ohio State. The Center offers programs, resources, and services for individuals and student groups to help take them to the next step to membership, leadership, and citizenship.

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STATE OF THE ART FACILITY

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Why KBK Enterprises?

Trusted leader in affordable housing for 20 years. ยง One of the largest minority owned real estate development firms in the country specializing in affordable, mixed income, multifamily housing and mixed use developments. ยง Long standing relationships with HUD and housing authorities throughout the country. ยง

National recognition for MWBE and Section 3 participation. ยง Received numerous awards for providing economic development opportunities to residents and surrounding communities.

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A Leader In Creating Communities SECTION 3 BUSINESS CONCERNS In an effort to foster local economic development, neighborhood economic improvement and individual self sufficiency, KBK Enterprises instituted a Section 3 initiative for residents. Section 3 requires that recipients of certain HUD financial assistance, to the greatest extent possible, provide job training, employment, and contract opportunities for low or very low income residents in connection with projects and activities in their neighborhoods.

Resident inclusion has allowed KBK Enterprises to achieve record breaking success in the redevelopment of Garfield Commons, Skyline Terrace and Marrero Commons. Garfield Commons was recognized by former Mayor Luke Ravenstahl for having the highest Section 3 participation in Pittsburgh, PA. Per former HUD Secretary, Shaun Donavan, Marrero Commons served as the model for the nation with hiring over 160 Section 3 workers. Skyline Terrace completed the first phase of its redevelopment with the participation of 67 Section 3 employees, which was the largest Section 3 participation in Pittsburgh.

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Real Estate Development with a Purpose MINORITY AND WOMEN BUSINESS ENTERPRISE KBK Enterprises is committed to expanding the economic impact of its projects through investment in burgeoning and existing businesses of all sizes. The KBK Foundation, the community supportive services partner of KBK Enterprises, has the goal of equipping local businesses with the tools and opportunities by which to grow. The KBK Foundation’s economic development initiative includes Minority and Women Business Enterprise (MWBE) recruitment and retention for redevelopment projects.

The Sub General Contractor’s Pilot is a joint effort between Alliance Construction Group of Ohio and The KBK Foundation. Its goal is to increase minority and women-owned business participation by offering business opportunities to local minority-owned general contracting companies with work on Alliance Construction managed projects. KBK Enterprises has had the largest MWBE contracting participation for several projects in Pittsburgh, PA, New Orleans, LA and Columbus, OH.

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Unity Health & Wellness Center—Columbus, OH KBK developed, owned, leased and managed this building prior to selling it in 2004.

This 54,000 square foot commercial medical office building was financed with a conventional real estate commercial loan. This was a multi-tenant building and was primarily occupied by medical providers including Ohio Health, the largest adult provider of healthcare in Columbus, Children’s Hospital, the largest pediatric provider of healthcare in Columbus, Columbus Neighborhood Health Center, the largest public provider of healthcare in Columbus and various private physicians. We also housed tenants such as Wells Fargo, American Express Financial Advisors and other professional service providers. This project was completed March 2001.

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Unity Resource Center—Columbus, OH This 43,000 square foot class “A” commercial office facility was originally financed with a 501 (c) 3 tax exempt bond and was later refinanced with a conventional real estate commercial loan. This building was 100% occupied by Franklin County Department of Job and Family Services Northeast Opportunity Center and served as a job training site. It housed case workers, a child care center, meeting rooms, a cafeteria with vending machines and offices. This project was completed February 1998.

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The Heritage—Columbus, OH The Heritage (f.k.a. Agler Green) is a 384 unit project based Section 8 development on 45 acres. The once crime riddled development known as “Uzi Alley” has 100% occupancy. The Heritage at the time it opened for leasing in 2003 had 1000 applicants and a two year waiting list. It continues to be a marquee development in Columbus, OH. Part of the attraction is the size of the units, which are very large for a project based Section 8 property.

The Heritage was the largest affordable housing development in the State of Ohio for two years and the largest single project in Ohio Capital Corporation for Housing’s (OCCH) equity investment portfolio. This property was featured in Affordable Housing Finance magazine for its creative finance structure. This development was recognized by HUD for having completed the first IRP Decoupling through OMHAR in the country.

The property features a community center, five playgrounds and basketball courts. Residents have been able to participate in numerous activities sponsored by The KBK Foundation, the community supportive services entity of KBK Enterprises. Total project cost for this development was $26 million.

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Heritage Highlights Provide afterschool programming for students at the site. § Established a “Virtual High School” with the Columbus Public Schools at the site and have graduated over 100 youth at risk of drop out. § Provide GED training, ESOL and interpretation services at the community. § Established a quarterly newsletter for the residents and community stakeholders. § Established and continue to have an annual community day celebration since 2003. § Established a block watch with neighborhood groups. § Established activities for youth and seniors as well as host events at our sites to support and educate families about services available in the city. § 14

EXTERIOR VIEWS

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AERIAL VIEW

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Garfield Commons—Pittsburgh, PA KBK Enterprises was awarded as the developer to rebuild the Garfield Heights public housing community where over 325 units existed. We have worked to complete this 225 unit mixed income development in four phases on time and on budget with no change orders. While each phase has been relatively small, KBK was awarded Low Income Housing Tax Credits for all four phases consecutively and has been successful in completing each phase within a year. We were able to develop this multi-phased project now renamed Garfield Commons, while maintaining a strong connection to the community and its overall architectural and market relevance. This project achieved high “green” standards established by the Pennsylvania Housing Finance Agency, employed a record number of Section 3 employees, hired a record number of MBE/WBE contractors and provided a training site for the local Youth Build program. We engaged the community by working with the former resident council, Garfield Jubilee, Bloomfield Garfield, the local National Association of Minority Contractors (NAMC) and the African American Chamber of Commerce of Western Pennsylvania along with the community. The total project cost for this development was over $100 million with all phases completed in 2013.

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Garfield Commons Highlights Hired the largest number of MWBE contractors in the City’s history at 49% ($27 million in residential construction contracts). § Hired the largest number of Section 3 employees in the City’s history at 54 employees. § Established a scholarship at the area high schools called The Challenge Program. § Provided an academic scholarship to residents of KBK owned and managed properties. § The KBK Foundation contributed $50K towards the purchase of washers and dryers for our residents so that everyone would have one in their unit. § The KBK Foundation committed $250k to purchase computers for each household at Garfield Commons along with training classes. The Foundation committed another $250k to make the community wireless.

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EXTERIOR

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AERIAL VIEW

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INTERIOR

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COMMUNITY BUILDING

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Skyline Terrace—Pittsburgh, PA KBK was selected as developer of Skyline Terrace (f.k.a. Addison Terrace), a former public housing community, situated in the center of Pittsburgh’s Historic Hill District. The redeveloped Skyline will lie on approximately 65 acres and was formerly comprised of 734 barrack style row houses. With most of the units dating back to the 1940’s the plan was to replace the units with a 400 unit town home, mixed income development. This would include market rate and subsidized housing. The new housing would be constructed over the next six years in phases that would take place on the former Addison Terrace and off site locations.

The award for Skyline Terrace is the largest award to a minority enterprise in the history of Pittsburgh, at approximately $160 million, surpassing KBK Enterprises previous largest project award, Garfield Commons at $100 million. The first phase of Skyline Terrace was over $90 million and was completed in 2015.

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Skyline Terrace - Historical Relevance May 14, 2015 marked the official opening of Skyline Terrace during a Ribbon Cutting Ceremony. Development partner Keith B. Key had a personal stake in creating the new community along with The Housing Authority of the City of Pittsburgh. He held up one of the old Addison building number signs 2071 Bentley Drive—it was where his father lived. This was a special day for everyone involved, but more so for Mr. Key who was born over on Chauncey Drive and grew up on Somers Drive, both in the Hill District. He commented, “I’ll never forget where I’m from.” Mr. Key was especially proud of the work the residents did in pushing him, the city and everyone involved to be better, and in employing minority businesses and hiring residents to work on the project. Everyone praised the cooperation between the city, county, state and federal agencies, the developers and the residents who made the project possible. The event also allowed the Housing Authority and Mr. Key to show off the community’s state of the art community center. The center was named for the former Tenant Council President Ella Mae Hillman who several speakers agreed, made sure the promises to the residents about amenities, access, services and right to return were kept.

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Skyline Terrace Highlights Largest award to a minority enterprise in Pittsburgh’s history - over $160 million. § Phase 1 is over $90 Million (Demolition, Site, Infrastructure and Residential Development). § Largest Enterprise Green Community in Pittsburgh. § Largest award to a minority general contractor (Alliance Construction) over $50 million. § State of the art community building with Wifi access, and community park. § 53% MWBE participation in residential construction and largest Section 3 hiring in Pittsburgh’s history at 67 employees. §

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EXTERIOR

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AERIAL VIEW

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INTERIOR

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COMMUNITY BUILDING

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Skyline Terrace - Phase 2 Phase 2 of Skyline Terrace features 90 new residential units that occupy Bentley Drive. This second installment of Skyline Terrace was completed December 2016. In April 2015, PHFA approved a $14.7 million dollar bond volume cap for the future mixed income housing community. Demolition of the existing apartments was completed in late May 2015. The unit mix consists of a 1-2 bedroom apartment building and 2-4 bedroom townhomes. Both contain handicap accessible units. 54 units are located in a single, four story, garden style building with an elevator known as “The Lofts.� The remaining 36 town-home style units are located in 8 buildings including triplexes and quadplexes with a separate entrance for each of the units. Unit square feet ranges are from 744 for one bedroom units to 1944 for four bedroom units and include wiring for digital accessibility, full size washers and dryers, range, refrigerator, disposal, dishwasher, blinds, carpet and tiled bathroom. Additionally, Phase 2 is surrounded with lots of common green space areas, a pavilion, and open play areas.

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EXTERIOR

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THE LOFTS

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INTERIOR

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Skyline Terrace - Phase 3 (Middle Hill) Phase 3 of Skyline Terrace referred to as “Middle Hill” adds another 52 mixed income rental homes to the Hill District using existing lots to focus on infill development to add to the beauty of the existing neighborhood. This third installment of Skyline Terrace includes 20 three-bedroom units, 28 two-bedroom units, and 4 one-bedroom units. In addition to the rental units, KBK Enterprises also constructed a community space and leasing office for dedicated staff, known as the Teenie Harris Community Center. This state of the art center was named after famed Pittsburgh Courier photographer Charles “Teenie” Harris. The lights above the center’s doors are designed to look like Harris’ iconic camera—with the bulbs where the flash would be, and the railing of the center’s porch featuring silhouettes representing Harris with his camera in his trademark hat and coat.

The development team continues to work with community leaders to implement an additional 14 home ownership units in the area as well in collaboration with The Hill District Community Development Corporation (HCDC). KBK Enterprises is honored to play a role in such innovative efforts to revitalize the Hill District.

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EXTERIOR

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Larimer Pointe—Pittsburgh, PA The Urban Redevelopment Authority (URA) Board of Directors selected KBK Enterprises for Phase 1 of the redevelopment of mixed income housing in Pittsburgh’s Larimer neighborhood. The redevelopment is a scattered site community totaling 2.85 acres.

This includes 40 units of townhomes and green space along the following neighborhood streets: Ashley, Auburn, Braden, Carver, Dodge, Emans, Indiana, Larimer, Lenora, Meadow, and Pace. The total cost of Phase 1 was $21 million. This is Pittsburgh’s first HUD excepted unit development, a program which features a supportive service plan as part of the lease agreement! A total of 13 responses were received by the URA for their request for qualifications which was released in July 2011. KBK was selected for the Larimer project because of demonstrated capacity and experience, commitment to MWBE and Section 3 practices and willingness to work with the community to realize the new visions the neighborhood set for themselves. The redevelopment plan aligns with the goals of the Larimer Vision Plan such as establishing a new identity as a green community and re-establishing the front porch culture of the community. Phase 1 for Larimer was completed July 2015.

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Larimer Pointe Highlights Phase 1 - $21.3 million in total development costs (includes Bridge Loan Financing). § 44% MWBE participation and hired 26 Section 3 employees for the project. § Over $4.6 million in contracts awarded to Minority and Women owned contractors. § Energy efficient heating and cooling, lighting and appliances and use of materials that contribute to high quality indoor air and healthy homes.

§ Extensive storm water management measures including infiltration trenches in 9 locations throughout the community which are designed to maintain storm water on-site and reduce flows to the public system. § Bioswale installation on Meadow Avenue to capture and infiltrate run off from the street. § Use of rain containers in 5 locations throughout the community to capture and re-use water run-off from rooftops.

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RENDERING & SITE PLAN

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EXTERIOR VIEWS

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The Ferlo Building —Pittsburgh, PA A building that was once a former meat market now serves as the new office space for community supportive services under the KBK Foundation. Formerly the Fiore Meats Building, it is now known as the Ferlo Building named after former PA Senator Jim Ferlo. The space is approximately 1,500 square feet and is one of Larimer’s oldest remaining buildings. It is the most notable representation of Larimer Avenues’ connection to its Italian Heritage. The entire first floor has been renovated to include a waiting/reception area, kitchenette, and a conference room while the second floor contains open office space for four staff members.

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Marrero Commons, New Orleans, LA After Hurricane Katrina devastated New Orleans in 2005, President & CEO of KBK Enterprises, Keith Key headed down south to help the National Baptist Convention, the largest African American religious group in the country for which he was a board member of its housing corporation. While helping out he came into contact with the BW Cooper Resident Management Corporation (RMC). That group and KBK Enterprises decided to form a relationship so they could find a way to redevelop the Katrina ravaged BW Cooper Community. Two years later KBK was selected as the developer for the revitalization and redevelopment of BW Cooper, now renamed, Marrero Commons after staunch, resident advocate Yvonne Marrero. This 1,500 unit, 55 acre site near the New Orleans Superdome was redeveloped into a mixed income community that includes affordable, public and market rate housing. The total project cost for Phase 1 was $150 million consisting of 250 units, with Phase 2 at 160 units. Marrero Commons Phase 1 was completed in 2013 and Phase 2 in 2015.

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Marrero Commons Highlights Funded activities organized by the Resident Management Corporation for youth and seniors. § Recognized by the former HUD Secretary, Shaun Donavan in August 2011 as having the largest Section 3 hiring in the country for a project of this size (164 employed)! § Established a partnership with BW Cooper Resident Management Corporation to develop this $250 million project and to provide the RMC management service opportunities when completed. § The KBK Foundation has held fundraisers in New Orleans to support activities for residents. § We currently have the largest MWBE contracting in the city’s history at 66%. § Funded a youth program to teach community youth about aviation.

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AERIAL VIEW

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EXTERIOR VIEWS

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Germantown YWCA - Philadelphia, PA (Pre-development) The Philadelphia Redevelopment Authority (PRA) Board of Directors chose KBK Enterprises to purchase and re-develop the historic building that sits on the edge of Vernon Park at 5820-24 Germantown Avenue.

KBK Enterprises has plans for an adaptive-reuse project that will convert the YWCA into 47 1-bedroom and 2-bedroom apartments. In addition to the apartments, the plan calls for commercial and office space on the first floor.

The historic building dates back to 1915, and served as a safe haven for black and white women in Germantown and became deeply involved with the Civil Rights movement. But in more recent years, the abandoned building had fallen victim to fires and decay and was at risk of demolition due to its state.

This is KBK Enterprises' first Philly-based project. The Germantown YWCA adaptive reuse is expected to be complete in summer 2019.

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Englewood - Chicago, Il (Pre-development) The Chicago Housing Authority has partnered with KBK Enterprises to develop or rehabilitate vacant or unoccupied land. The first project will be a new construction multifamily residential property located in Englewood consisting of 80 units, 24 of which will be market rate and 56 LIHTC. Unit types will include 1, 2, and 3 bedroom townhome and apartment style units, each with internet capability and to be supplied with washers and dryers as well as built in microwaves. Outdoor play space will be programmed for resident use. In addition, onsite property management, maintenance, and supportive services, as well as security staff is planned to support all buildings of this phase. Off street and keycard/code accessed secured parking is planned for each building of the development.

Each building will be designed and constructed in accordance with Energy Green Community protocol (e.g., site improvements; water conservation; energy efficiency; and, materials). The site will also offer a community space, computer room, and a study lounge accessible to all residents of the development. In addition, 20,000 sq. ft. of retail is planned to further support the economic revitalization of the Halsted and 63rd corridor.

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Civic Center Arena - Pittsburgh, PA (Pre-development) KBK Enterprises will serve as developer for the second phase in the rebuilding of the former Civic Arena site in downtown Pittsburgh. Home of the Pittsburgh Penguins, the second phase consists of 250 units out of the 1000 residential units planned for the arena site.

The first 250 apartments units will be constructed in a four to five story building in phase one on a parcel just below Crawford Square. KBK Enterprises will follow with 250 units in a similarly sized building on an adjacent parcel in the second phase. Another 500 units will be developed on the upper part of the site abutting Crawford Street and Bedford Avenue in the third phase.

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Wichita RAD Conversion – Wichita, KS (Pre-development) In early 2018, KBK Enterprises was awarded the opportunity to work with the Wichita Housing Authority (WHA) on the renovation of four WHA RAD (Rental Assistance Demonstration) asset management projects. As the Developer Partner, KBK Enterprises is prepared to work with the WHA to finance, design, and oversee the renovation work at Greenway & Mclean Manors, Gragg/Hutcherson senior units, as well as hundreds of scattered single family homes across Wichita.

KBK will specifically be responsible for working with the WHA and any related entities created, arranging the appropriate financing for all phases of development in conjunction with the development of the RAD Sites, securing tax credits as well as other financing.

KBK Enterprises will assist and advise WHA on financing strategies, RAD rules and regulations, and the application process. This will result in communities of mixed income to include market rate, affordable and tax credit properties.

In total, 578 units of public housing will be updated as a part of this initiative with the first work estimated to begin in early 2019.

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