Lyon Living Corporate Brochure

ACQUISITIONS DEVELOPMENT CONSTRUCTION PROPERTY OPERATIONS ASSET MANAGEMENT

MAREA | DANA POINT, CA 418 Homes

FROM THE CEO

CHANGING WHAT APARTMENT LIVING REALLY MEANS In 1989, I partnered with General William Lyon to form three multi-family real estate companies specializing in development, acquisitions, and property operations. Today, those three entities are known as Lyon Living.

With over $3 billion in assets, we specialize in pre-entitlement and development, construction management, acquisitions, asset repositioning, debt & equity capital financing, and property operations.

At the core of our mission is the desire to change what apartment living really means — providing an experience like no other. We believe, above all else, it is what truly separates Lyon Living in the multi-family home industry.

Frank T. Suryan, Jr. CHAIRMAN & CEO

OUR VALUES

V ISIO N

BE THE BRAND THAT PROVES LIFE IS ALL ABOUT EXPERIENCES.

CULTURE IS KEY Whether it be a valued resident, employee, or partner, people are at the core of our company. We never forget that.

We know that what we do starts from within our organization. Our teams work hard to maintain a culture that is conducive to creative thinking, empowerment, collaboration, and the ability to embrace change.

E X P ER T IS E

OVERVIEW OF WHAT WE DO THE MARKE | SANTA ANA, CA 300 Homes

ACQ UISI TION S

DEV ELOP MENT

CO N ST RU C T IO N

• Capitalization of opportunities which generate a solid return to our investors.

• Comprehensive pre-development entitlement and construction activities for all types of multi-family ground-up development projects.

• Specialization in constructing mid/high rise, podium, wrap, and mixed-use apartment communities.

• Acquisition of new development opportunities.

• Acquisition of distressed, under-valued, or underperforming properties poised for repositioning and renovation.

• Partnerships with various institutional and private sources for equity and debt financing.

• Full service project management from concept to delivery.

• Custom design on all new projects.

• In-house general contracting and management of thirdparty contractors.

• Responsible building through onsite training, safety protocols, and eco-friendly standards.

OCEAN CLUB | REDONDO BEACH, CA 332 Homes

HAVEN76 | ESCONDIDO, CA 76 Homes

P R O P E RT Y OP ERATIONS

ASSET MAN AGEMEN T

• Strategic pre-leasing and lease-up services.

• Asset strategy, investment planning, and investment reporting.

• Dedicated leasing and corporate teams to guarantee high occupancy and low delinquency rates.

• Onsite community management to ensure resident satisfaction.

• Comprehensive asset repositioning services for third-party clients and investors.

• Portfolio management, acquisition, and disposition advisory.

LYO N L IVIN G

WHY US? • Our expertise in planning, entitlement, and construction provides us with the ability to establish a comprehensive understanding of each opportunity and its underlying market dynamic.

THE HIGHLANDS | RANCHO SANTA MARGARITA, CA 184 Homes

• Through extensive research, we identify emerging markets, products, and services that resonate with today’s renter.

• We take pride in our ability to maintain an owner’s perspective, enhance the long-term appreciation of every real estate asset, and stay ahead of the competition.

Coming Soon: THE HERALD | PLACENTIA, CA 215 Homes

OVER 40 PROPERTIES IN 5 KEY STATES

HAVEN76| ESCONDIDO, CA 76 Homes

THE MARKE | SANTA ANA, CA 300 Homes

WATER TERRACE | SUNRISE, FL 438 Homes

ALDER PARK | SMYRNA, GA 270 Homes

THE BROOKE | ATLANTA, GA 537 Homes

ACQUISITIONS We focus on achieving consistent quality standards and maintaining bottom line objectives.

Innovative thinking differentiates our communities and company focus on emerging primary and select secondary markets with depressed land values. Fostering relationships with local jurisdictions enables us to identify off-market opportunities and capture those residents who are willing to pay a premium for higher quality communities.

Lyon Living has a long history of implementing value add strategies to reposition properties and achieve substantial returns on renovation costs. These carefully executed business plans allow us to consistently achieve above average returns for our investors.

JASMINE WOODLANDS | SMYRNA, GA 644 Homes

JASMINE WOODL ANDS Case Study

At Jasmine Woodlands in Smyrna, Georgia, Lyon Living completed the 350-unit value add business plan and recently sold the asset. It traded 62% above the going-in basis and yielded nearly a 3.0x equity multiple to the LP investor.

Over the next 5 years, Lyon Living will spend $136M to complete extensive value add improvements across our portfolio. We will undertake over $41M in interior renovations and plan to complete over 4,250 interior renovations.

DEVELOPMENT Lyon Living has specialized teams responsible for pre-development entitlement and construction activities for all types of multi-family and mixed-use ground-up development projects. Our expertise spans all stages of the real estate development cycle including: • • • • •

Identifying Strategic Acquisition and Entitlement Opportunities Managing Due Diligence and Pre-Design Processing of Entitlements Finalizing Design and Construction Documents Coordinating through Completion of Construction and Lease-Up

We work closely with the cities, neighborhood leaders, nonprofits, and other stakeholders to ensure all projects become assets to the community and surrounding neighborhoods.

Our extensive knowledge in innovative design, construction, and material selection ensures our projects will be efficient and cost effective to construct, while maintaining the highest levels of quality.

THE FIELDS | MILPITAS, CA 695 Apartment Homes | 398 Condos | 250 Room Hotel 115,000 Sq Ft of High-End Retail

THE GEORGE | ANAHEIM, CA 340 Homes

CONSTRUCTION For over 20 years, Lyon Living has served as its own general contractor for new construction and is currently building more than 2,000 units in California. This in-house approach has enabled our team to execute thoughtful, smart designs that are aligned with Lyon’s vision of building exceptional living environments.

We pride ourselves in building responsibly by minimizing environmental impacts through eco-friendly standards as well as providing the highest level of onsite training and safety protocols. We specialize in constructing mid/high rise, wrap, mixed use, and podium apartment communities, and manage the entire lifecycle of many of our new projects through the following stages: • • • • • • •

Pre-Construction Project Estimating Contracts and Bid Documents Onsite Construction Project Engineering Project Management Construction Management

Our construction management team also oversees third-party general contractors

for some developments. Seamless teamwork and clear communication are critical to the success of any project, and we work hard to create long-term partnerships with all of our vendors and contractors.

TURING AT THE FIELDS | MILPITAS, CA 371 Homes

THE GEORGE | ANAHEIM, CA 340 Homes

PLUNGE RESTAURANT

STRATEGIC PARTNERSHIPS EVENT CALENDAR

Extraordinary partnerships guarantee outstanding results. Lyon Living is proud to team up with some of the most innovative businesses to deliver an incomparable living experience to our residents. Through stakeholder engagement and market research, we specialize in neighborhood revitalization and take time to understand the unique needs of each community. The following partners are a sample of who we’ve teamed up with.

PROACTIVE SPORTS PERFORMANCE ELITE FITNESS FACILITY

PROPERTY OPERATIONS & ASSET MANAGEMENT As an experience-driven company, Lyon Living specializes in creating unique environments and memorable moments for our residents.

We empower every member of our team with the necessary skills and resources to deliver exceptional living experiences and services. Drawing inspiration from outside our industry, we have redefined how we do business by embracing the unexpected.

HAVEN76 ESCONDIDO, CA 76 Homes

Our unparalleled resident convenience services include rooftop restaurants, spa therapy, automated package delivery, pet sitting, dry cleaning, onsite pet grooming centers, fitness classes, and personalized programs with professional athletic trainers.

We separate ourselves from our competitors by offering: • Onsite community management with dedicated 24/7 resident services team.

• Committed team accountable for occupancy rates, availability, reprojections, and budgets.

PALOMAR STATION | SAN MARCOS, CA 370 Homes

• Customized digital marketing strategies, branding, and collateral.

• Robust in-person and online training programs for new and current associates.

• Identification and management of capital improvement programs designed to maximize revenue potential and reposition assets.

• Comprehensive investment planning and reporting services.

THE MARKE | SANTA ANA, CA 300 Homes

ALCOVE | ESCONDIDO, CA 112 Homes

THE MARKE | SANTA ANA, CA 300 Homes

1900 OCEAN | LONG BEACH, CA 265 Homes

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