Residences at Riverwalk - Amesbury

APARTMENT SALES SURVEY

PROPERTY NAME & ADDRESS

EXETER MILLS EXETER, NH

CHADWICK ARMS READING, MA

KIMBALL COURT WOBURN, MA

VILLAGE AT TAYLOR POND BEDFORD, MA

STONE BROOK FARMS WILMINGTON, MA

PRICE

$30,000,000

$16,200,000

$47,875,000

$49,050,000

$40,250,000

DATE

6/22/2012

12/11/2012

3/15/2012

2/5/2013

12/13/2012

# OF UNITS

161

92

256

188

203

PRICE/UNIT

$186,335

$176,086

$187,012

$260,904

$198,276

CAP RATE

6.7%

4.94%

Not available

5.2%

4.95%

NOTES

Converted mill buildings near downtown Exeter

Brick garden- style apartment complex; 100% occupied at closing

Class A brick apartment building located in Woburn, MA

Class A apartment complex built in 2008; expansion potential

Class A apartment complex; 98% occupied at closing

14

14