The Kansas City Portfolio
KANSAS CITY MISSOURI
This document is confidential and may not be reproduced or redistributed. The information presented herein has been prepared for informational purposes only and is not an offer to buy or sell, or a solicitation of an offer to buy or sell any security or fund interest or any financial instrument and is not to be considered investment advice. This presentation is for institutional use only and is not to be distributed to any party other than its intended recipient. The following materials present information regarding a proposed creation of a special purpose vehicle (the “Issuer”) which would offer securities (the “Securities”) to finance its acquisition of a portfolio of financial assets to be selected and managed by the portfolio manager referred to herein (the “Manager”). These materials have been prepared to provide preliminary information about the Issuer and the transactions described herein to a limited number of potential underwriters of the Securities for the sole purpose of assisting them to determine whether they have an interest in underwriting the Securities.
The views and opinions expressed in this presentation are those of Life Bridge Capital LLC (“Life Bridge Capital”) and are subject to change based on market and other conditions. Although the information presented herein has been obtained from and is based upon sources Life Bridge Capital believes to be reliable, no representation or warranty, expressed or implied, is made as to the accuracy or completeness of that information. No assurance can be given that the investment objectives described herein will be achieved. Reliance upon information in this material is at the sole discretion of the reader.
This data is for illustrative purposes only. Past performance of indices of asset classes does not represent actual returns or volatility of actual accounts or investment managers, and should not be viewed as indicative of future results. The investments discussed may fluctuate in price or value. Investors may get back less than they invested.
The forward-looking information contained in these materials is subject to certain inherent limitations. Such information is information that is not purely historical in nature and may include, among other things, expected structural features, anticipated ratings, proposed or target portfolio composition, proposed diversification or sector investment, specific investment strategies, and forecasts of future market or economic conditions. The forward-looking information contained herein is based upon certain assumptions, which are unlikely to be consistent with, and may differ materially from actual events and conditions. In addition, not
all relevant events or conditions may have been considered in developing such assumptions. Accordingly, actual results will vary and the variations may be material.
Prospective investors should understand such assumptions and evaluate whether they are appropriate for their purposes. These materials may also contain historical market data: however, historical market trends are not reliable indicators of future market behavior.
Information in these materials about the Manager, its affiliates and their personnel and affiliates and the historical performance of portfolios it has managed has been supplied by the Manager to provide prospective investors with information as to its general portfolio management experience and mav not be viewed as a promise or indicator of the Issuer’s future results. Such information and its limitations are discussed further in the sections of these materials in which such information is presented.
Past performance of indices or asset classes does not represent actual returns or volatility of actual accounts or investment managers and should not be viewed as indicative of future results.
The comparisons herein of the performances of the market indicators, benchmarks, or indices may not be meaningful since the constitution and risks associated with each market indicator, benchmark, or index may be significantly different. Accordingly, no representation or warranty is made to the sufficiency, relevance, importance, appropriateness, completeness, or comprehensiveness of the market data, information, or summaries contained herein for any specific purpose.
Past performance is not indicative of comparable future results. Given the inherent volatility of the securities markets, it should not be assumed that investors will experience returns comparable to those shown here. Market and economic conditions may change in the future producing materially different results than those shown here. All investments have inherent risks.
Disclaimer
www.lifebridgecapital.com 2
Table of Contents
At a Glance Investment Summary Investment Returns Investment Highlight Executive Summary Business Plan Financial Analysis Market Overview Management Team Portfolio 3 Real Estate Glossary 4 5 6 6 8 21 23 26 30 34 35
Life Bridge Capital is excited to present the Kansas City Portfolio to our valued investors. This deal includes two prime properties, The Woodhaven Apartments & Parkville Flats, located in the highly sought-after area of Parkville, MO, comprising a total of 181 apartment units and approximately 39,378 square feet of retail space. The properties are strategically located in a growing community with high demand for rental housing, making Parkville an attractive investment option.
Woodhaven Parkville Flats Parkville Flats Retail
4
Financial Summary
Project Summary
Property Loan Type Principal Balance Loan to Value/Cost Interest Rate Interest Only Loan Amortizing Loan Term Woodhaven HUD Loan Assumption ±$7M ±$7M 70% 2.28% Fixed None 40 Years 40 Years Parkville Flats Agency Debt ±$12.5M 65% 5.5% Fixed 5 Years 30 Years 10 Years Parkville Flats Retail Local Bank 6.25M 70% 60-65% 3 Years 25 Years 5 Years Purchase Price $39,300,000 Equity Amount $16,500,000 IRR 13%-17% Equity Multiple 1.5 - 2.25 Average Cash on Cash 6.5% - 8.5% Hold Period 5-7 Years Exit Cap Rate 5.85% Blended Avg. Annual Rent Growth 2.88% Future Funding 100% of Capital
Capital Stack Debt Equity High Low Potential Risk & Return LifeCapitalBridge LP CLASS B,C, & D 7%-8% LP CLASS A: 9% StraightReturnPreferred *See Page 6 for available investment classes Debt Property Name Kansas City Portfolio Market Kansas City, KS/MO SubMarket Parkville, MO Year Built Woodhaven (1987/2017), Parkville Flats(2022) Appartment Units Woodhaven (81), Parkville Flats (100) Apartment Sq. Ft ±159,097 Retail Square Footage ±39.378
5
Investment Summary
Tax Benefits
$100K Investment Sample (Class B) Initial Equity Year 1 Year 2 Year 3 Year 4 Year 5 TOTALS Investor’s Initial Equity Contribution -$100,000 $0 $0 $0 $0 $0 $-100,000 Preferred Return 7.00% $4,685 $9,315 $6,363 $6,805 $7,179 $34,347 Equity Repayment & Sales Proceeds 70/30 $0 $14,864 $0 $0 $123,328 $138,191 Total Return -$100,000 $4,685 $24,178 $6,363 $6,805 $130,507 $72,538
Investor Returns
Tax benefit anaylsis by Buckno Lisicky & Company • $72,160 in year 1 • $90,040 in total benefit • Based on $100k investment • Validate your unique financial situation with your CPA • 2022 is slated to be the last year for 100% bonus depreciation * These returns are projections of future performance ** Distributions will vary for the first 24 months as we lease up the retail component and close the loss to lease gap on the 181 apartments
Class A Class B Class C Class D Capital Contribution $50k+ $50K+ $500K - $1M $1M+ Preferred Return 9.00% 7.00% 8.00% 8.00% LP / GP Split None 70/30 70/30 80/20 6
Investment Classes
INVEST BETTER. LIVE BETTER. MAKE A DIFFERENCE.
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Woodhaven Apartments Executive Summary
Woodhaven is a B+/A- asset primarily constructed in 2017. Located just off 29 and 72nd Street, this community of 1 and 2-bedroom units is in a top 15 school district in Missouri. The extensive floor plans, central location, carports, and overall amenity package make this a desirable community for prospective tenants. For investors, the assumable debt is a significant attractor with phenomenal interest terms and LTV. Additionally, this property has been run by a local PM group that only utilized onsite staff or marketing resources, relying heavily on word of mouth. As a result, rents are significantly under the market and can be pushed without a significant renovation program. All of these factors combine to make this an attractive investment.
81 NUMBER OF UNITS YEAR BUILT 2017 / 1987
8 Unit Avg. Rents Rent/SF Annual Rent Rents Rent / SF Annual Rent 1 Bed / 1 Bath $827 $1.25 $89,316 $1,000 $1.52 $108,000 1 Bed / 1 Bath $884 $1.21 $233,376 $1,075 $1.48 $283,800 1 Bed / 1 Bath $856 $1.07 $41,088 $1,125 $1.41 $54,000 1 Bed / 1 Bath $823 $0.94 $88,884 $1,000 $1.14 $108,000 2 Bed / 1 Bath $997 $1.11 $143,568 $1,250 $1.40 $180,000 2 Bed / 1 Bath $1,082 $0.99 $207,744 $1,425 $1.30 $273,600 2 Bed / 1 Bath $912 $0.79 $98,496 $1,250 $1.09 $135,000 Totals/ Avgs. $928 $1.05 $902,472 $1,175 $1.33 $1,142,400
Proforma
Current Rates as of February 2023
Woodhaven Apartments
COMMUNITY FEATURES • Outdoor Pool • Laundry Facility PROPERTY MAINTENANCE SERVICES • 24/7 Maintenance • Lawn Care • Snow Removal PROPERTY FEATURES
Private Patio/Balcony
Professionally Managed
Galley Style Kitchen 9
Amenities
•
•
•
Amenities
Woodhaven Apartments
APARTMENT FEATURES
• Central Heat & Air
• Dishwasher
• High-Speed Internet
• Walk-In Closets
UPGRADED FEATURES
• Granite Countertops
• Stainless Steel Appliances
• In-Unit Washer & Dryer Hook Ups
• Central Hear & Air
CONVENIENCE
• Covered Parking
• Online Rent Payments
• Nearby Dining/Shopping
10
Floor Plans
1 Bed | 1 Bath 11 1 Bed | 1 Bath ASSUMABLE LOAN HUD LOAN • Highly Attractive Assumable Debt • 2.28% Fixed Interest Rate • 40 Years Fully Amoritzed • $7M Balance • No Interest Only *HUD loans typically restrict distributions to every 6 months Floor Plans Available Units SF 1 Bed / 1 Bath 9 660 1 Bed / 1 Bath 22 728 1 Bed / 1 Bath 4 800 1 Bed / 1 Bath 9 875 2 Bed / 1 Bath 12 895 2 Bed / 1 Bath 16 1,095 2 Bed / 1 Bath 9 1,150
Parkville Flats Executive Summary
Nestled on the western edge of Parkville, Parkville Flats offers studio, one-, two- and three-bedroom apartments within walking distance from the best dining, shopping, and entertainment the Northland has to offer. Parkville
Flats is the premier live-work-play rental community in the brand new Creekside neighborhood. The community is intentionally designed to offer plenty of floor plan options with high-end finishes so you can thrive without compromise. Located at the junction of I-435 and Hwy 45, this community has tremendous access to MCI, Downtown KC, and several industrial developments happening across the Northlands area.
Investors will appreciate the opportunity to purchase a true Class A+ asset with a unique set of amenities and lifestyle options. This project was completed in late summer 2022 and leased up by November, a velocity that speaks both to local demand and room to push rents. We are conservatively planning to push rents to the highest in place and manage for cash flow.
12 100 NUMBER OF
YEAR BUILT
Unit Avg. Rents Rent/SF Annual Rent Rents Rent / SF Annual Rent Studio $1,011 $2.12 $194,112 $1,074 $2.25 $206,208 1 Bed / 1 Bath $1,074 $2.03 $103,104 $1,104 $2.08 $106,984 1 Bed / 1 Bath $1,234 $1.83 $236,928 $1,334 $1.98 $256,128 2 Bed / 1 Bath $1,282 $1.62 $369,216 $1,395 $1.77 $401,760 2 Bed / 1 Bath $1,478 $1.42 $141,888 $1,519 $1.46 $145,824 2 Bed / 2 Bath $1,685 $1.38 $323,520 $1,764 $1.44 $338,688 3 Bed / 2 Bath $1,832 $1.30 $87,936 $1,895 $1.34 $90,960 3 Bed / 1 Bath $1,922 $1.28 $92,256 $2,019 $1.35 $96,912 3 Bed / 2 Bath $2,052 $1.30 $98,496 $2,229 $1.41 $106,992 Totals/ Avgs. $1,373 $1.57 $1,647,456 $1,458 $1.67 $1,749,456
UNITS
2022
Current Rates as of March 2023 Performa
Amenities RECREATION FACILITIES • Outdoor Pool • Trail Access • Pet Park PROPERTY MAINTENANCE SERVICES • 24/7 Maintenance • Valet Waste Services PROPERTY FEATURES • High Ceilings Up to 14’ • Courtyard • Smoke-Free Community • Garage & Carports 13
Parkville Flats
Amenities
Parkville Flats
ENTERTAINMENT FACILITIES
• Outdoor Amphitheater
• BBQ Grill and Picnic Area
• Poolside Fire Pits
UPGRADED FEATURES
• Quartz Counters
• Stainless Steel Appliances
• High Ceilings
• Large Walk-In Closets
MODERN FEATURES
• High-Speed Internet
• Smart Thermostats & Locks
• In-Home Full Size Laundry Machines
14
Floor Plans
Flats | FA1 1 Bed | 1 Bath | 673 Sq. Ft. Flats | FS2 Studio | 1 Bath | 530 Sq. Ft. Flats | FB3 2 Bed | 2.5 Bath | 1,496 Sq. Ft. Floor Plans Available Units SF Studio 16 478 1 Bed / 1 Bath 8 530 1 Bed / 1 Bath 16 673 2 Bed / 1 Bath 24 790 2 Bed / 1 Bath 8 1,041 2 Bed / 2 Bath 16 1,223 3 Bed / 2 Bath 4 1,410 3 Bed / 1 Bath 4 1,496 3 Bed / 2 Bath 4 1,580 15
LEASE STRUCTURE
Parkville Flats Retail Executive Summary
The retail portion of Parkville Flats is uniquely positioned to serve both the nearby community of Parkville and tourists utilizing the Creekside Baseball Complex. With a 5 mile radius average income of $124,000 and over 1 million visitors to the complex last year, the area has the disposable income and available time to enjoy the variety of services and activities at Parkville Flats. These factors, combined with the phenomenal community gathering area and stage, attract significant numbers of potential customers.
The leases are styled as triple net, with the tenants covering all costs except the building exteriors. A unique aspect to this part of the portfolio is the full property tax abatement (23 years in term) that will transfer to LBC upon sale. All tenants current and future will continue to pay the pro rata share of property taxes, which results in a significant bump in NOI and cash flow.
$24.67 IN PLACE AVERAGE RENT/SF
57% OCCUPANCY
7 WEIGHTED AVERAGE LEASE TERM
YEARS
±39,378 TOTAL SQUARE FEET
NNN+
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Parkville Flats Retail Tenant Summary
Gusto Coffee Shop is a welcoming and traditional gathering place where customers of all backgrounds are welcome. The coffee shop takes pride in serving the finest Certified Fair Trade Organic espressos, coffees, and teas which are handcrafted and tailored to each customer’s needs by their skilled baristas. Additionally, customers can enjoy freshly baked pastries, breakfast sandwiches, burritos, and a variety of other food choices, including Gluten Free items that are available throughout the day.
Gusto Coffee Shop also offers an array of events and activities that foster a sense of community, such as free music concerts and performances, open-access business networking meetings, private party bookings, and community special events.
https://www.gustocoffeeshop.com/
One of the unique features of Plaza Mariachi’s menu is its specialty items. These include fried tacos, chimichangas, and more. These dishes are prepared with care and attention to detail, ensuring that every bite is packed with flavor and texture.
The restaurant’s atmosphere is just as inviting as its menu. With colorful decorations and a warm, friendly staff, Plaza Mariachi offers a welcoming and relaxed dining experience. The space is perfect for families, couples, and friends looking to enjoy a delicious meal together.
https://plazamariachirestaurant.my.canva.site
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Parkville Flats Retail Tenant Summary
X Golf at Creekside in Parkville, MO is a premier indoor golf facility that offers a realistic and immersive golfing experience to players of all levels. The facility features six Full Swing Golf simulators that use highspeed cameras to capture and analyze the golfer’s swing in real-time. The simulators replicate the look and feel of a real golf course, allowing golfers to experience the challenge of playing on some of the world’s most renowned golf courses without ever leaving Missouri. Additionally, X Golf at Creekside boasts a state-of-the-art virtual putting green that utilizes the same technology as the simulators, providing players with instant feedback on their putting stroke and allowing them to practice their short game in a realistic environment.
https://playxgolf.com/locations/parkville/
Boho Brewing is a charming craft brewery and taproom that offers a variety of unique and flavorful beers. The brewery prides itself on using only the highest quality ingredients to create its brews, and its smallbatch production process ensures that each beer is carefully crafted to perfection. The taproom offers a cozy and welcoming atmosphere where visitors can sample a range of beers and socialize with friends or other beer enthusiasts. The brewery also hosts events and live music performances, making it a popular spot for locals and visitors alike. Whether you’re a seasoned beer connoisseur or just looking for a fun and casual night out, Boho Brewing is a great choice for enjoying quality craft beer and a welcoming community vibe.
http://bohobrewing.com
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Parkville Flats Retail FLOOR PLAN
19 TENANT A WEST TENANT B WEST NAIL SALON TENANT C WEST TENANT D WEST TENANT F WEST WHISKEY RIVER BOHO GUSTO COFFEE INSURANCE TENANT G - EAST TENANT D - EAST TENANT C - EAST X GOLF PLAZA MARIACHI
Business Plan
Business Plan 21 22 2 20 Business Plan Highlights
Business Plan
Our real estate business plan involves a strategic approach to increase the value of our properties and drive investor returns. We aim to achieve this by implementing operational efficiencies and maximizing the potential of our assets. Our plan includes increasing the rents at The Woodhaven Apartments to market value, managing efficiently with our vertically integrated property management company (Life Bridge Management) and leasing up approximately 40% of the retail space. By doing so, we will generate a significant increase in revenue and improve the overall performance of our Kansas City portfolio.
We believe that our approach will not only drive returns for our investors but also provide our tenants with exceptional value and quality of service. We are committed to delivering superior results and maintaining a strong partnership with our investors, tenants, and the community we serve.
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Raise current rents to market rate and improve operational efficiencies at the Woodhaven Apartments by taking a more “hands-on” approach
Complete lease up at Parkville Flats Retails
We will provide monthly distributions and regular communication for a reliable and transparent investment experience.
Close the loss to lease gap on
22
Parkville Flats residential
Rent Surveys 5- Year Cash Flow Sensitivity Analysis 23 24 24 25
Financial Analysis
5-Year Cash Flow
Sensitivity Analysis
Schedule of Fees
Year 1 Year 2 Year 3 Year 4 Year 5 Underwriting Assumptions RentalIncreases3.00%2.77%2.89%2.89%2.85% ExpenseInflation2.50%3.86%5.97%2.50%2.44% Vacancy18.00%8.77%6.96%6.81%6.80% Concesssions,LosstoLease,BadDebt4.78%3.22%2.33%2.04%2.04% Income GrossPotentialRent$3,851,830$3,959,364$4,074,484$4,193,055$4,313,261 Vacancy-$693,371-$347,312-$283,679-$285,404-$293,301 Concesssions,LosstoLease,BadDebt-$184,218-$127,416-$94,991-$85,474-$88,110 EffectiveGrossIncome$2,974,240$3,484,637$3,695,813$3,822,176$3,931,850 OtherIncome$260,807$268,631$277,191$286,024$294,926 CAMReimbursements$229,534$234,524$239,627$244,844$250,178 Total Income $3,464,580$3,987,793$4,212,631$4,353,044$4,476,953 Expenses RealEstateTaxes$345,000$353,625$401,450$411,486$421,773 Insurance$66,813$68,425$70,075$71,765$73,497 ContractServices$29,025$29,751$30,494$31,257$32,038 Legal$5,000$5,125$5,253$5,384$5,519 TrashRemoval$22,000$22,550$23,114$23,692$24,284 Electric$42,294$43,351$44,435$45,546$46,685 WaterandSewer$60,000$61,500$63,038$64,613$66,229 Turnover$31,200$31,980$32,780$33,599$34,439 ManagementFee$138,583$159,512$168,505$174,121$179,078 RepairsandMaintenance$49,300$50,533$51,796$53,091$54,418 General/Admin$50,250$51,506$52,794$54,114$55,467 Marketing$32,150$32,954$33,778$34,622$35,488 Payroll$245,000$251,125$257,403$263,838$270,434 CommonAreaMaintenance$17,720$18,075$18,436$18,805$19,181 DeposittoReplacementReserve$48,238$48,238$48,238$48,238$48,238 Total Expenses $1,182,573$1,228,249$1,301,588$1,334,171$1,366,766 Net Operating Income (NOI) $2,282,007$2,759,543$2,911,043$3,018,873$3,110,187 OtherExpenses$36,487$39,389$42,313$44,005$45,355 NetProfit$2,245,521$2,720,155$2,868,730$2,974,868$3,064,832 Key Performance Indicators CapRate5.81%7.02%7.41%7.68%7.91% ExpensetoIncomeRatio34.13%30.80%30.90%30.65%30.53% CashonCashReturn4.69%9.31%7.47%7.99%8.43% AverageCashonCashReturn4.69%7.00%7.16%7.37%7.58%
24 Exit Cap Rate Adjustment - 0.50% Exit Cap Rate Adjustment - 0.25% Life Bridge Capital Projection Exit Cap Rate Adjustment - 0.25% Exit Cap Rate Adjustment - 0.25% Exit Cap Rate 5.35% 5.60% 5.85% 6.10% 6.35% Year 5 NOI $3,110,186 $3,110,186 $3,110,186 $3,110,186 $3,110,186 Portfolio Exit Price $58,134,320 $55,539,037 $53,165,574 $50,987,657 $48,979,309 IRR 16.82% 15.36% 14.00% 12.59% 11.26% Equity Multiple 1.93 1.82 1.72 1.63 1.55 Average Annual Return 18.57% 16.42% 14.50% 12.64% 10.98% Acquisition 2% Asset Management 2% Loan Guarantor 0.50% (Non-Recourse); 1% (Recourse) Disposition 1% Project Hurdle 50/50 Split After Achieving Either 15% IRR or 2.0 Equity Multiple
WOODHAVEN APARTMENTS
ThriveatCreekside36420200.1---733$1,204$1.641,016$1,499$1.48---
TheEdisonatTiffanySprings24320239.1---697$1,222$1.751,144$1,625$1.421,214$1,899$1.56
KinsleyForest328201711.1---827$1,270$1.54989$1,481$1.501,197$1,640$1.37
TheRetreatatTiffanyWoods35020168.7---896$1,302$1.451,149$1,599$1.391,316$1,869$1.42
RENT
SURVEYS PARKVILLE FLATS
25 Distance NumberYear From Property Nameof UnitsBuiltPropertySizeRentRent/SFSizeRentRent/SFSizeRentRent/SFSizeRentRent/SF
TheElement27620218.1---717$1,083$1.511,158$1,499$1.291,307$1,805$1.38 SteeplechaseApartments336201613.2---742$1,143$1.54966$1,522$1.581,154$1,506$1.31 ParkvilleFlats(CurrentRents)1002022Subject478$1,011625$1,181$1.89976$1,449$1.481,495$1,935$1.29
TheLandingatSavannahWest201201615.1---813$1,396$1.721,248$1,898$1.52--Altitude97029120175.9589$1,180$2.00759$1,343$1.771,070$1,520$1.421,359$1,864$1.37 TheLandingatTiffanySprings27620188.7---869$1,570$1.811,328$1,761$1.331,546$1,978$1.28 3 Bed (Avg.) Studio (Avg.) 1 Bed (Avg.) 2 Bed (Avg.) Distance NumberYear From Property Nameof UnitsBuiltPropertySizeRentRent/SFSizeRentRent/SF Woodhaven(CurrentRents)812017/1987Subject751$857$1.141,044$1,013$0.97 RiverstoneApartments32420083.5662$1,247$1.891,042$1,535$1.47 VintageatZonaRosa30820003.3759$1,287$1.691,072$1,477$1.38 ProvinceofBriarcliff12020035.7780$1,293$1.66977$1,485$1.52 TheDenton51820131.8792$1,327$1.681,108$1,677$1.51 Altitude97029120171.2759$1,343$1.771,070$1,520$1.42 2 Bed (Avg.) 1 Bed
(Avg.)
Market Overview
Map Why Kansas City? Why Platte County & Northland Metro? 27 28 29 26
#1 #2 #3 #4 #5 #6
$1.5 Billion new airport terminal opened February 2023
META (Facebook Parent) acquires ± 900 acres with plans to invest $800+ million in new data centers
$380 million Parkville Development, 337 acres, 1M+ annual visitors
3,300 acre industrial park anticipating $1.3 billion in capital investment
Kansas City to host the 2026 World Cup
$100+ million FBI office, projected occupancy late 2023
LOCATION & HIGHLIGHTS
27
Why Kansas City?
Kansas City presents an excellent opportunity for real estate investors seeking to invest in a rapidly growing market. With a population of 2.23 million people, which has increased over 19% since 2000, Kansas City has experienced one of the highest growth rates in the Midwest over this period.
2.23M #8 POPULATION 19% INCREASE
SINCE 2000
The region has also seen significant corporate attraction and business growth, with many companies across a range of economic sectors selecting Kansas City for the location of their headquarters, manufacturing and logistics facilities, research and development operations, and shared service centers. The reason for this is simple: Kansas City provides an outstanding value proposition, with a talented and deep workforce, diverse operating environments, low cost of living, and a fantastic work-life balance.
All these factors combine to make Kansas City an attractive destination for businesses and individuals, which in turn drives the demand for real estate investment opportunities. As a result, investing in Kansas City’s real estate market presents a compelling opportunity for investors looking to generate strong returns in a dynamic and growing region.
RANKED AMERICA’S HOTTEST JOB MARKETS
4.8% TECH TALENT GROWTH RATE 5TH IN THE NATION
18.4% RENT-TO-INCOME LOWEST IN THE NATION
28
Why Platte County & the Northland Metro?
The Northland region of Kansas City, and in particular Platte County, presents a highly attractive investment opportunity for real estate investors. Over the past decade, Platte County has experienced metro-leading population and employment growth rates of 16.3% and 18.6%, respectively. The Northland is home to some of the metro’s largest employers, including Cerner’s world headquarters, North Kansas City Hospital, and Ford Motor Company.
108K $180K
POPULATION
16.3% INCREASE SINCE 2013
AVERAGE HOUSEHOLD INCOME
1 MILE RADIUS
In addition, the region has seen billions of dollars of capital investment over the past several years, further driving economic growth and development. The Northland’s robust economic growth, coupled with its highly desirable location, excellent quality of life, and thriving business community, makes it an ideal market for real estate investment. With significant ongoing investment and development, the Northland is poised for continued growth and presents a compelling opportunity for investors seeking to capitalize on the region’s strong economic fundamentals.
3.6% Unemployment Rate
+34.8K
POPULATION INCREASE PROJECTION BY 2026
29
Lead Sponsors
Whitney Sewell
Whitney is the founder of Life Bridge Capital LLC, a real estate investment firm he started with his wife Chelsea after selling their farm. Prior to starting the firm, Whitney worked as a police officer and then as a Federal Agent. He is passionate about helping investors achieve financial security and about adoption. Whitney and Chelsea have adopted three children and have committed 50% of their profits to help other families adopt.
Soon after launching Life Bridge, Whitney was blessed to meet his business partner, Sam Rust. They together have grown the business to over 1500 units and $450 million in assets under management with nearly 60 employees in just a few years.
Rust
A lifelong learner, Sam Rust is a managing partner at Life Bridge Capital and full-time investor in commercial real estate. Sam graduated from Thomas Edison State University with a BSBA in Business Management and currently lives in Colorado with his wife and 6 children. Sam has been active in commercial real estate since 2017 and has led the acquisition of a portfolio of properties across Colorado, Idaho, and Texas with a value in excess of $400 million.
When not underwriting or touring properties, Sam enjoys spending time outdoors with his family chasing beautiful views, Ultimate Discs, or big game.
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Sam
LIFE BRIDGE MANAGEMENT
VERTICALLY INTEGRATED
Life Bridge Management (LBM) is the new property management arm of Life Bridge Capital (LBC). LBC acquired 1400 units over the last three years with plans to grow to 5,000 units. LBC has decided to take property management in-house and invest in the best property management software, transition to accrual books, and invest in highquality benefits for the on-site staff to increase retention.
As a company, LBM is partnering with Apartment Life. Apartment Life is a faith-based, non-profit organization that has been serving the apartment industry since 2000. Apartment Life believes every individual is created for community and that we are all called to love our neighbors as ourselves. Apartment Life’s goal is to live this out while providing strong business value to apartment owners.
LBM is led by CEO Sutton Turner, who has 30 years of experience in real estate, property management, and c-level roles.
32
Sutton Turner
Portfolio
Aviator Apartments
The Borough Stratus Apartments
Units: 147
Vintage: 1974
Market: Colorado Springs, CO
Units: 208
Vintage: 1981
Market: Dallas/Fort Worth, TX
Units: 216
Vintage: 1972
Market: Colorado Springs, CO
Units: 149
Vintage: 1969
Market: Colorado Springs, CO
Units: 118
Vintage: 1973
Market: Colorado Springs, CO
Units: 172
Vintage: 2017
Market: Nampa, ID
33
Copper Chase
Newport Square
Ridgecrest Commons
Portfolio
Lincoln Springs Vail Valley
Breckenridge
Units: 180
Vintage: 1974
Market: Colorado Springs, CO
Units: 139
Vintage: 1900, 1997, 2009
Market: Eagle and Gypsum, CO
Wind River Chestnut Springs
Units: 160
Vintage: 2022
Market: Nampa, Idaho
Units: 216
Vintage: 1972
Market: Colorado Springs, CO
Units: 92
Vintage: 1973
Market: Colorado Springs, CO
34
Real Estate Terms & Definitions
1. Annual Average Return (AAR) - AAR refers to the average rate of return on an investment over a specific period of time, typically expressed as an annual percentage. It is calculated by dividing the total investment returns by the number of years the investment was held, giving an average return per year. AAR is often used to compare the performance of different investments over the same time period.
2. Capital Expenditure (Cap Ex) - Cap Ex refers to funds that a company invests in long-term assets or infrastructure, with the aim of generating future economic benefits. These expenditures are typically large, one-time expenses that are expected to provide a return over a number of years. Examples of Cap Ex include building or upgrading facilities, purchasing equipment, or investing in research and development. In financial accounting, Cap Ex is recorded on a company’s balance sheet as an asset and depreciated over its useful life.
3. Capitalization Rate (Cap Rate) - Cap Rate is the rate of return used to determine the current value of a property based on its expected income.
4. Cash-on-Cash - Refers to a metric used to evaluate the cash income earned on an investment, calculated by dividing the cash flow generated by the investment in a given period by the amount of cash invested.
5. Debt Service Coverage Ratio (DSCR) - DSCR) is a financial ratio used to measure a company’s ability to service its outstanding debt by comparing its operating income to its total debt obligations, including principal and interest payments.
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Real Estate Terms & Definitions (Cont.)
6. Equity Multiple - EM refers to a technique used to determine the return on investment for commercial properties. This calculation involves dividing the sum of all cash distributions, which includes both the cash flow and any cash received upon sale, by the initial equity investment.
7. Equity Split- Refers to the distribution of ownership or equity in a property or investment among multiple parties, typically expressed as a percentage allocation. This is often used in real estate investment partnerships or joint ventures, where two or more parties invest in a property and share the ownership, risk, and potential returns based on their agreed-upon equity split.
8. Internal Rate of Return (IRR)- The IRR calculation takes into account all anticipated future cash flow, including principal debt pay down and proceeds from the property’s eventual sale.
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37 Contact Us Sam Rust E: sam@lifebridgecapital.com P: (720)-230-6804 Whitney Sewell E: whitney@lifebridgecapital.com P: (540)-585-4338 www.lifebridgecapital.com THANK YOU