CONTRACTOR PREQUALIFICATIONS - PENDANA SENIOR RESIDENCES AT WEST LAKES

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CONTRACTOR PREQUALIFICATIONS

PENDANA SENIOR RESIDENCES AT WEST LAKES

COLUMBIA RESIDENTIAL

TABLE OF CONTENTS 01 COMPANY PROFILE

08 09 10

ADDENDUM F - FINANCIAL INFORMATION

02 03 04 05 06 07

BONDING

AIA A305

ADDENDUM A - CURENT PROJECTS

LICENSES

ADDENDUM B - 5 YEAR COMPLETED PROJECTS

ADDENDUM C - YOUR TEAM

ADDENDUM D - REFERENCES & CORPORATE SUMMARY

ADDEDUM E - LEGAL INFORMATION

COMPANY PROFILE

WPC OVERVIEW

Since 1974, Winter Park Construction (WPC) has been continuously building in the hospitality, multifamily, commercial, student housing, senior housing, and renovations markets; along with HUD financed projects and construction management. Today we are one of the top construction companies in the region, with a tradition of excellence that is second to none. We have completed over 175 million square feet of construction, and our reputation for performance is backed by a $300 million bonding capacity and $25 million insurance umbrella. It is our passion to provide a construction experience to our clients that exceeds their expectations. Our ability to deliver as promised, when promised, has earned us a repeat business rate of more than 80 percent. Naturally, cost is a major factor in any project. WPC delivers a quality job at a highly competitive price. Our estimating is extremely accurate and our scheduling is aggressive yet realistic. WPC provides the innovations and solutions to do things right the first time— keeping budgets lean and project timetables on track. Years of experience across a wide range of projects has given us an insight into the specific needs on both sides of the job equation— operational as well as construction/development. This understanding gives us an advantage over competitors who do not have the background to manage new construction efforts while an existing facility remains fully open and operational. The support we provide to all elements of the project reduces costs for warranty and maintenance while providing immediate response to any tenant issues that fall under our responsibility.

We have also set a standard of responsive performance and service excellence in how we treat our subcontractors, suppliers, and our employees. By streamlining our operations we are highly responsive and able to meet any challenge head-on.

Finally, our clients discover—and enjoy—that WPC is a company that does things differently. We are a company built around of culture of commitment. As a company, we are committed to delivering exceptional value and quality to our customers. We are there when you need us, responsive to your calls, and eager to provide innovative solutions to any challenge. We understand the importance of being flexible, adaptable and willing to “think outside the box.” Our commitment as a team is seen in all that we do together, from working overtime to meeting a deadline to volunteering at local charity organizations. Our team works hard together and plays hard together. Whether on the job or off the job, we at WPC share the same values, celebrate the same ideals, and dedicate ourselves to excellence. This dedication is reflected in the truly outstanding construction experience we deliver to our clients.

WPC HISTORY

Forty three years ago, Tracy Forrest founded Winter Park Construction (WPC) out of his small apartment located in Winter Park, FL.

With humble beginnings that included mostly residential renovation projects, Tracy pursued a passion for quality and excellence that defined his reputation. As this reputation grew, so did the size of the projects and, along with it, the size of the company. Within a few years, Tracy relocated to a second floor office above Brandywine’s Deli on Park Avenue. Project types expanded to include new commercial buildings and multifamily projects, as well as hotel renovations. More importantly, people in the community and industry began to take note of the passion and promise that fueled his growth. This emerging builder was providing quality work at a competitive price, while completing his projects on time. He was consistently following his credo – do the right thing, every time – a common-sense, yet uncommon, practice in the business. relocation to a larger facility for the expanding team of talented professionals that Tracy had assembled. They moved just a few blocks north of Winter Park city limits to the location that is still home to the company today. A resident of Winter Park for the past 41 years, Tracy has never forgotten his roots in the Winter Park community, living within walking distance of what will become the Alfond Inn. Tracy’s father, D. E. “Jim” Forrest, a former superintendent at California’s Disneyland migrated to Disney World in Florida in 1967, then joined his son’s company in 1976 before retiring from the industry 8 years later. Jim passed away in 1997, leaving a legacy of quality work throughout Winter Park, including the Steinmetz, Coffae, Rosenfelt, Moss, and Hall residences, as well as Thompson’s Restaurant and the 170 West Fairbanks Building, to name a few. In 1978, Tracy’s younger, overly confident little brother, Jeff Forrest, began working for him. Although Jeff had been pounding nails with his father and brother since he was 12 years old, he decided that at some point he should be paid for his work. Tracy determined that Jeff needed a keen awareness of all aspects of the business, and put him to work cleaning up job sites, hauling materials for carpenters and generally being a grunt. It was an invaluable education that forever shaped Jeff’s own affinity for construction. It did not take long for WPC to grow into a midsize construction company, which necessitated its

In 1980, Winter Park Construction was approached by Holiday Inn founder Kemmons Wilson to be the general contractor for its newest timeshare resort: Orange Lake Country Club (now known as Holiday Inn Club Vacations at Orange Lake Resort). Although WPC already had been working in the hospitality industry doing renovations and small build-outs, Orange Lake would be the start of its defining, long-term involvement in the industry that has put WPC on the national map. WPC’s relationship with the Wilson family continues nearly 34 years later with Kemmon’s grandson, Spence Wilson, Jr. Over the course of more than three decades, WPC has constructed five hotels for the Wilsons and more than 1,600 timeshare units. Under its current flag, Holiday Inn Club Vacations, WPC is the contractor of choice for projects in South Carolina, Wisconsin, Tennessee, and Las Vegas. The WPC team is still working at Orange Lake Resort constructing new timeshare buildings and amenities and renovating units and common space. Through the years, Tracy’s younger brother moved up the ladder, learning every facet of the business from the vantage point of progressive positions, which included laborer, superintendent, project manager, senior project manager, director of business development, vice president and COO. In 2007, Tracy selected Jeff along with two other long-time WPC employees (Kevin Corrado, Chief Operating Officer, and Chuck Reynolds, Vice President) to be his partners, and sold a portion of the company to them. His brother Jeff is now Majority Owner and Managing Member of the firm, as well as the President. Tracy remains Chairman and CEO of the company and, in this capacity, watches over the firm serving as guardian of the company’s culture. And, as Jeff likes to say, Tracy has gone from working 80 hours per week to a mere 60. Since 1974, the firm has grown from its humble beginnings in Tracy’s Winter Park apartment to, at its peak, a $250 million company with a reputation as solid as the one Tracy established 40 years ago. Today, WPC is led by a team of multifaceted construction experts whose combined experience totals more than 150 years. These leaders unite construction fundamentals with some of the industry’s best pre-construction and estimating services. And while WPC has expanded its reach and capabilities, their do the right thing, every time commitment is stronger than ever.

AIA A305

T H E A M E R I C A N I N S T I T U T E O F A R C H I T E C T S

AIA Document A305

Contractor's Qualification Statement

1986 EDITION

This form is approved and recommended by The American Institute of Architects (AIA) and The Associated General Contractors of America (AGC) for use in evaluating the qualifications of contractors. No endorsement of the submitting party or verification of the information is made by the AIA or AGC. This document has been modified by the Contractor.

The Undersigned certifies under oath that the information provided herein is true and sufficiently complete so as not to be misleading.

SUBMITTED TO:

CLARA TREJOS

1718 PEACHTREE ST NW SUITE 684 - SOUTH TOWER ATLANTA, GA 30309

ADDRESS:

SUBMITTED BY:

WPC III, INC. DBA/WINTER PARK CONSTRUCTION COMPANY



CORPORATION



PARTNERSHIP

NAME:

JEFFREY D. FORREST, PRESIDENT



INDIVIDUAL

ADDRESS:

221 CIRCLE DRIVE MAITLAND, FLORIDA 32751



JOINT VENTURE

(407) 644-8923 FAX: (407) 645-1972



OTHER

PRINCIPAL OFFICE:

SAME

NAME OF PROJECT:

PENDANA SENIOR RESIDENCES AT WEST LAKES

TYPE OF WORK:

COMMERCIAL

X General Construction

1.

ORGANIZATION

Copyright 1964, 1969, 1979, 1986 by The American Institute of Architects, 1735 New York Avenue, N.W., Washington, D.C. 2006. Reproduction of

the material herein or substantial quotation of its provisions without written permission of the AIA violates the copyright laws of the United States and

will be subject to legal prosecution.

AIA DOCUMENT A305 * CONTRACTOR'S QUALIFICATION STATEMENT * 1986 EDITION * AIA * 1986 THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVENUE, N.W., WASHINGTON, D.C. 20006 A305-1986 1

1.1

How many years has your organization been in business as a Contractor?

Established as a Sole Proprietorship - 1974.

1.2

How many years has your organization been in business under its present name?

Incorporated – May 25, 2006. (See attached Certificate of Status)

1.2.1 Under what other or former names has your organization operated?

WINTER PARK CONSTRUCTION COMPANY 1/1/1979 – 12/31/2004 WPC I, INC. DBA/WINTER PARK CONSTRUCTION CO.1/1/2005–12/31/2005 WPC II, INC. DBA/WINTER PARK CONSTRUCTION CO.1/1/2006–6/1/2013 The name Winter Park Construction has been operating as a respected General Contractor in the Central Florida community since 1974. From its beginning as a sole proprietorship, legally separate corporations have done business using that trade name due to the evolution of the nature and ownership of the enterprise.

1.3

If your organization is a corporation, answer the following.

1.3.1 1.3.2 1.3.3 1.3.4 1.3.5 1.3.6

Date of incorporation: State of incorporation:

May 25, 2006

Florida

Chairman/CEO:

Tracy S. Forrest Jeffrey D. Forrest Kevin A. Corrado Charles T. Reynolds

President:

Vice President/COO

Vice President:

1.4

If your organization is a partnership, answer the following:

1.4.1 1.4.2 1.4.3

Date of organization:

N/A N/A N/A

Type of partnership (if applicable): Name(s) of general partner(s):

1.5

If your organization is individually owned, answer the following:

1.5.1 1.5.2

Date of organization:

N/A N/A

Name of owner:

1.6 If the form of your organization is other than those listed above, describe it and name the principals:

Not Applicable

2.

LICENSING

2.1 List jurisdictions and trade categories in which your organization is legally qualified to do business, and indicate registration or license numbers, if applicable.

State of Florida Certified General Contractor - License #CGC040441

2.2

List jurisdictions in which your organization's partnership or trade name is filed.

Copyright 1964, 1969, 1979, 1986 by The American Institute of Architects, 1735 New York Avenue, N.W., Washington, D.C. 2006. Reproduction of

the material herein or substantial quotation of its provisions without written permission of the AIA violates the copyright laws of the United States and

will be subject to legal prosecution.

AIA DOCUMENT A305 * CONTRACTOR'S QUALIFICATION STATEMENT * 1986 EDITION * AIA * 1986 THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVENUE, N.W., WASHINGTON, D.C. 20006 A305-1986 2

State of Florida

3.

EXPERIENCE

3.1

List the categories of work that your organization normally performs with its own forces.

None

3.2 Claims and Suits. (If the answer to any of the questions below is yes, please attach details.)

3.2.1

Has your organization ever failed to complete any work awarded to it?

No.

3.2.2

Are there any judgments, claims, arbitration proceedings or suits pending or outstanding against your organization or its officers?

See Attached Addendum E

3.2.3

Has your organization filed any lawsuits or requested arbitration with regard to construction contracts within the last five years?

See Attached Addendum E

3.3 Within the last five years, has any officer or principal of your organization ever been an officer or principal of another organization when it failed to complete a construction contract?

No.

3.4 On a separate sheet, list major construction projects your organization has in progress, giving the name of project, owner, architect, contract amount, percent complete and scheduled completion date.

See Attached Addendum "A"

3.4.1

State total worth of work in progress and under contract:

See Attached Addendum "A"

3.5 On a separate sheet, list the major projects your organization has completed in the past five years, giving the name of project, owner, architect, contract amount and date of completion.

See Attached Addendum "B"

3.5.1

State average annual amount of construction work performed during the past five years:

$149 Million

3.6 On a separate sheet, list the construction experience of the key individuals of your organization.

See Attached Addendum "C"

4.

REFERENCES

Copyright 1964, 1969, 1979, 1986 by The American Institute of Architects, 1735 New York Avenue, N.W., Washington, D.C. 2006. Reproduction of

the material herein or substantial quotation of its provisions without written permission of the AIA violates the copyright laws of the United States and

will be subject to legal prosecution.

AIA DOCUMENT A305 * CONTRACTOR'S QUALIFICATION STATEMENT * 1986 EDITION * AIA * 1986 THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVENUE, N.W., WASHINGTON, D.C. 20006 A305-1986 3

4.1

Trade References:

See Attached Addendum "D"

4.2

Bank References:

Iberia Bank

John Burden, President Phone: (407) 622-6626 Fax: (407) 388-6140

840 S. Denning Avenue Winter Park, FL 32789

4.3

Surety:

4.3.1

Name of bonding company:

CNA Insurance Companies (Current Best Rating: "A XV")

Elio Sanchez

Phone: (407) 919-3947

4.3.2

Name and address of agent:

Guignard Company 1904 Boothe Circle Longwood, FL 32750

Jack Guignard, President Phone: (407) 834-0022 Fax: (407) 260-1767

5.

FINANCING

5.1

Financial Statement.

5.1.1

Attach a financial statement, preferably audited, including your organization's latest balance sheet and income statement showing the following items:

Current Assets (e.g., cash, joint venture accounts, accounts receivable, notes receivable, accrued income, deposits, materials inventory and prepaid expenses);

Available Upon Request

Net Fixed Assets:

Other Assets:

Current Liabilities (e.g., capital, capital stock, authorized and outstanding shares par values, earned surplus and retained earnings).

5.1.2

Name and address of firm preparing attached financial statement, and date thereof:

Russell Goldberg, CPA Withum Smith+Brown, PC

1417 E Concord St Orlando, FL 32803

5.1.3

Is the attached financial statement for the identical organization named on page one?

Available Upon Request

Copyright 1964, 1969, 1979, 1986 by The American Institute of Architects, 1735 New York Avenue, N.W., Washington, D.C. 2006. Reproduction of

the material herein or substantial quotation of its provisions without written permission of the AIA violates the copyright laws of the United States and

will be subject to legal prosecution.

AIA DOCUMENT A305 * CONTRACTOR'S QUALIFICATION STATEMENT * 1986 EDITION * AIA * 1986 THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVENUE, N.W., WASHINGTON, D.C. 20006 A305-1986 4

5.1.4

If not, explain the relationship and financial responsibility of the organization whose financial statement is provided.

Not Applicable

5.2 Will the organization whose financial statement is attached act as guarantor of the contract for construction?

Available Upon Request

Copyright 1964, 1969, 1979, 1986 by The American Institute of Architects, 1735 New York Avenue, N.W., Washington, D.C. 2006. Reproduction of

the material herein or substantial quotation of its provisions without written permission of the AIA violates the copyright laws of the United States and

will be subject to legal prosecution.

AIA DOCUMENT A305 * CONTRACTOR'S QUALIFICATION STATEMENT * 1986 EDITION * AIA * 1986 THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVENUE, N.W., WASHINGTON, D.C. 20006 A305-1986 5

ADDENDUM A - CURRENT PROJECTS

ADDENDUM A – CURRENT PROJECTS

PENDANA AT WEST LAKES Type // Low-Income Multifamily Location // Orlando, FL Value // $23.8 million Architect // James Hardwick & Partners Owner // Westlakes Phase I LP CHAMPIONS VUE Type // Market Rate Multifamily Location // Davenport, FL Value // $31.7 million Architect // Slocum Platts Architects Owner // CVAD Phase I, LLC SONOMA HILLS Type // Market Rate Multifamily Location // Winter Garden, FL Value // $30.7 million Architect // Richard Jones Owner // Rockharbor Residential II, LLC FOUNTAINS BLDG. 9 Type // Hospitality Location // Orlando, FL Value // 25.3 million Architect // FugelBerg Koch Owner // Bluegreen Vacations Unlimited CENTRE POINTE APARTMENTS Type // Multifamily Location // Melbourne, FL Value // $33.6 million Architect // Forum Owner // PAC Land Development SHADETREE APARTMENTS Type // Multifamily Location // Ruskin, FL Value // $33 million Architect // Charlon Brock/ MiGre Owner // Framework Group, LLC

TREVISO GRAND Type // Market Rate Multifamily

Location // Venice, FL Value // $30.7 million Architect // Forum Architecture / AM Engineering Owner // TRI of Treviso Grand, LLC LA QUINTA DEL SOL Type // Hospitality Location // Orlando, FL Value // $9 million Architect // L2 Studios Owner // RP I-Drive DYLAN AT AUDUBON Type // Market Rate Multifamily Location // Orlando, FL Value // $33.3 million Architect // Charlan Brock Owner // Brookstone Audubon SARASOTA APARTMENTS Type // Market Rate Urban Multifamily Location // Sarasota, FL Value // $35 million Architect // Charlan Brock & Associates Owner // Sarasota Rosemary Apartments, LLC PARKWAY BLDG 22 Type // Hospitality Location // Kissimmee, FL Value // $33.6 million Architect // Fugleberg Koch Owner // Berkely Group MADISON POINT Type // Low-Income Senior Living Location // Clearwater, FL Value // $12.3 million

Architect // Blue Skies Studios Owner // Madison Point, LLC

221 CIRCLE DRIVE, MAITLAND, FL 32751 | P: 407.644.8923 | WWW.WPC.COM

Addendum A Current Projects Page 2

HIGHLINE APARTMENTS Type // Multifamily Location // Melbourne, FL Value // $32.2 million Architect // Caribeño Architectural Group Owner // Highline Apartments, LLC 5 TH AVE RESIDENCES Type // Multifamily Location // St Petersburg, FL Value // $21.3 million Architect // Slocum Platts Architects Owner // The Richman Group VENICE ISLES APARTMENTS Type // Multifamily Location // Venice, FL Value // $33.4 million Architect // Slocum Platts Architects Owner // VIAD Phase I

ADDENDUM B - 5 YEAR COMPLETED PROJECTS

ADDENDUM B – COMPLETED PROJECTS The following includes a summary of our projects completed in the last five years. Additional information is available upon request.

2018 THE STRAND APARTMENTS Type // Market Rate Urban Multifamily Location // Oviedo, FL Value // $36 million Architect // Forum Architects Owner // The Strand Apartments, LLC Completion Date // April 2018

FT DRUM SUBSTATION Type // Commercial Renovation Location // Vero Beach, FL Value // $597,440 Architect // Roux Architect Owner // Energy Erectors Completed Date // January 2018

HGVC PARC SOLEIL 4TH & 5TH SALES Type // Hospitality Renovation Location // Orlando, FL Value // $2.1 million Architect // MILES Architecture Owner // Hilton Grand Vacations Management Completed Date // March 2018

BUENA VISTA PALACE (BVP) BALCONY RENOVATIONS AND WATERPROOFING

Type // Hotel Renovation Location // Orlando, FL Value // $337,000

Architect // Hellman Hurley Charvat Peacock Owner // GV Buena Vista Palace Owner, LLC Completed Date // January 2018 SONATA BOCA RATON ALF RENOVATION Type // Senior Living Renovation {38,225 SF} Location // Boca Raton, FL Value // $447,000 Architect // Studio Six5 Owner // Sonata Senior Living Completed Date // February 2018 HGVC PARC SOLEIL SALES RENOVATIONS 4 TH & 5 TH FLOOR Type // Hospitality Renovation {55,400 SF} Location // Orlando, FL Value // $5.9 million Architect // MILES Architecture Group Owner // Hilton Grand Vacations Mgmt. LLC Completed Date // March 2018 SHERATON VISTANA RESORT CASCADES MODEL BUILDING Type // Hospitality Renovation {5,016 SF} Location // Orlando, FL Value // $211,000

HICV ORLANDO BREEZES Type // Hotel Renovation Location // Davenport, FL

Value // $50,000 Architect // N/A Owner // Orange Lake Country Club, Inc. Completed Date // March 2018 SONATA VIERA MANOR Type // Senior Living Renovation Location // Melbourne, FL Value // $768,681 Architect // Studio Six5 Owner // PV II Viera Manor Company LLC Completed Date // March 2018 SVR CASCADES SALES RENO Type // Hotel Renovation Location // Orlando, FL Value // $166,915 Architect // Kevin Moore Owner // Vistana Development Inc Completed Date // February 2018

Architect // Butler Moore Architects Owner // SVO Visitant Villages, Inc. Completed Date // March 2018

221 CIRCLE DRIVE, MAITLAND, FL 32751 | P: 407.644.8923 | WWW.WPC.COM

Addendum B Completed Projects Page 2

SONATA COCONUT CREEK ALF RENOVATION Type // Senior Living Renovation {38,225 SF} Location // Coconut Creek, FL Value // $559,000 Architect // Studio Six5 OLCC CURRENT’S CAFE Type // Hospitality Renovation {725 SF} Location // Kissimmee, FL Value // $136,000 Architect // Miles Architectural Group Owner // Orange Lake Country Club, Inc. Completed Date // March 2018 SONATA VIERA MANOR ALF RENOVATION Type // Senior Living Renovation {32,504 SF} Location // Melbourne, FL Value // $769,681 Architect // Studio Six5 Owner // PV II Viera Manor LLC Completed Date: April 2018 HICV ORL BREEZES ROOF REPAIRS Type // Hospitality Repair Location // Davenport, FL Value // $263,000 Architect // N/A Owner // Orange Lake Country Club, Inc. Completed Date // May 2018 HGVC PARC SOLEIL RESORT 4 TH FLOOR HVAC MODIFICATIONS Type // Hospitality Renovation Location // Orlando, FL Value // $22,000 Architect // Peninsula Engineering Owner // Hilton Grand Vacations Mgmt. Inc. Completed Date // May 2018 EXPLORIA GRAND SEAS RESORT COURTYARD BUILDING Type // Hospitality Renovation {16 units} Location // Daytona Beach, FL Value // $1.3 million Architect // Butler Moore Architects Owner // Grand Seas Resort Owner’s Association Completed Date // July 2018 Owner // Sonata Senior Living Completed Date // March 2018

HGVC SEA WORLD SOFFIT REPAIRS Type // Hospitality Renovation {6 buildings} Location // Orlando, FL Value // $24,000 Architect // N/A Owner // Hilton Grand Vacations Management Completed Date // July 2018 2017 MADISON CROSSING II Type // Low Income Senior Living Location // New Smyrna Beach, FL Value // $12 million Architect // Krehl Architect Owner // Madison Crossing II, LLC Completion Date // November 2017 THE GRAHAM AT GRACEPOINT Type // Low Income Senior Living Location // Tampa, FL Value // $11.5 million Architect // MESH Owner // The Graham at Gracepoint, LLC Completion Date // July 2017

CITYSIDE APARTMENTS Type // Multifamily Location // Sarasota, FL Value // $30 million Architect // Forum Architecture Owner // Rosalyne Holdings, LLC Completion Date // March 2017 LEXINGTON PLACE ALF Type // Senior Living ALF Location // New Smyrna Beach, FL Value // $11 million Architect // Baker Barrios Owner // Concordis Senior Living LLC Completion Date // May 2017

ECHO LAKE APARTMENTS Type // Multifamily Location // Bradenton, FL Value // $35.7 million Architect // Forum Owner // TRI of Lakewood Ranch Apartments, LLC Completed Date // May 2017

Addendum B Completed Projects Page 3

RN72 MELBOURNE SHELTER PLACEMENT Type // Commercial Location // Melbourne, FL Value // $159,629 Architect // Kevin R. Moore, AIA Owner // General Dynamics Completed Date // January 2017 BUENA VISTA PALACE RECREATIONAL ISLAND Type // New Construction - Recreational Pools and Amenities Location // Orlando, FL Value // $12 million Architect // Helman Hurley Charvat Peacock Owner // GV Buena Vista Palace Owner, LLC Completed Date // January 2017

OLCC LEGENDS/SPENCES HSKPNG Type // Hospitality Renovation Location // Kissimmee, FL Value // $1.3 million Architect // Miles Architectural Group Owner // Orange Lake Country Club, Inc. Completed Date // May 2017 OLCC HILL COUNTRY Type // Hospitality Renovation Location // Canyon Lk, TX Value // $1.5 million Architect // N/A Owner // Orange Lake Country Club, Inc. Completed Date // May 2017 HGVC SW WI FI Type // Hospitality Remodel Location // Orlando, FL Value // $1 million Architect // Miles Architectural Group Owner // Hilton Grand Vacations Management Completed Date // July 2017 BVP ISLAND SUITE RENO Type // Hotel Renovation Location // Orlando, FL Value // $801,773 Architect // Helman Hurley Charvat Peacock / Architects, Inc. Owner // GV Buena Vista Palace Owner Completed Date // September 2017 HGVC SW HSKPNG & CLUBHOUSE ROOF Type // Hospitality Renovation Location // Orlando, FL Value // $818,382 Architect // MILES Architecture Group Owner // Hilton Grand Vacations Management Completed Date // November 2017 SONATA WEST DELRAY ALF RENO Type // Senior Living Renovation Location // Delray Beach, FL Value // $525,984 Architect // Studio Six5 Owner // Sonata Senior Living Completed Date // November 2017

SEASIDE RESORT SALES CENTER Type // Hospitality Renovation Location // Galveston, TX Value // $2 million Architect // L2 Studios Owner // Orange Lake Country Club, Inc. Completed Date // February 2017

BVP EXIT AREAS 1&2 Type // Hospitality Renovation Location // Lake Buena Vista, FL

Value // $4.3 million Architect // HHC Par Owner // GV Buena Vista Palace Owner Completed Date // March 2017 BVP TOWER D COURTYARD Type // Hospitality Renovation Location // Lake Buena Vista, FL Value // $165,762 Architect // HHC Par Owner // GV Buena Vista Palace Owner Completed Date // March 2017 HGVC PARC SOLEIL TEMP SALES CTR Type // Hospitality Renovation Location // Orlando, FL Value // $204,673 Architect // N/A Owner // Hilton Grand Vacations Mgmt. Inc. Completed Date // May 2017

Addendum B Completed Projects Page 4

SONATA BOYNTON BEACH ALF RENO Type // Senior Living Renovation Location // Boynton Beach, FL Value // $622,195 Architect // Studio Six5 Owner // Sonata Senior Living Completed Date // November 2017 BVP BALCONY RAILING Type // Hotel Renovation Location // Orlando, FL Value // $202,887 Architect // Gonzalez Architects Owner // GV Buena Vista Palace Owner Completed Date // December 2017 2016 ECLIPSE AT MILLENIA Type // Multifamily Location // Orlando, FL Value // $21.7 million Architect // Phillips Partners

PARKWAY 20 PHS 1 & 2 Type // Hospitality Location // Kissimmee, FL Value // $37.5 million Architect // Fugleberg Koch Owner // Berkley Group Completion Date // October 2016 REUNION RESORT CLUBHOUSE Type // Commercial New Construction Location // Kissimmee, FL Value // $4.3 million Architect // Butler Moore Architects Owner // Reunion West LLC Completed Date // February 2016

VISTANA PREVIEW CHECK IN LOUNGE Type // Hospitality Interior Build-out Location // Orlando, FL Value // $163,194 Architect // L2 Studios

Owner // SVO Vistana Villages, Inc. Completed Date // February 2016

Owner // LMC Millenia Holdings LLC Completion Date // January 2016

HGVC PARC SOLEIL SALES RENOVATIONS-5 TH FLOOR Type // Hospitality Renovation Location // Orlando, FL Value // $240,070 Architect // MILES Architecture Group Owner // Hilton Grand Vacations Mgmt. LLC Completed Date // March 2016 HGVC UNIVERSAL SALES CENTER RENOVATION Type // Hospitality Renovation Location // Orlando, FL Value // $561,344 Architect // Baker Barrios & Associates Owner // Hilton Resorts Corporation Completed Date // March 2016 ORLANDO BREEZES RESORT PIP Type // Timeshare Renovation Location // Davenport, FL Value // $190,019 Architect // n/a Owner // Orange Lake Country Club, Inc. Completed Date // May 2016

DOUGLAS GRAND AT WESTSIDE Type // Multifamily Location // Kissimmee, FL Value // $29.3 million Architect // Scott Architecture and Interior Design

Owner // Douglas at Westside LLC Completion Date // February 2016

PARK PLACE AT MAGUIRE Type // Multifamily Location // Ocoee, FL Value // $19.7 million Architect // Fugleberg Koch Owner // Park Place at Maguire LLC Completion Date // June 2016 PARKCREST LANDING Type // Multifamily Location // Ocoee, FL Value // $36 million Architect // Baker Barrios Owner // Parkcrest Landings, LLC Completion Date // August 2016

Addendum B Completed Projects Page 5

MAGNOLIAS AT EASLEY ALF Type // Senior Living Renovation Location // Easley, SC Value // $174,712 Architect // DSP Architects Owner // Royal Senior Care Completed Date // June 2016 MAGNOLIAS AT GAFFNEY ALF Type // Senior Living Renovation Location // Gaffney, SC Value // $272,260 Architect // DSP Architects Owner // Royal Senior Care, LLC Completed // June 2016

ROYAL OAKS ALF Type // Senior Living Renovation Location // Summerville, SC Value // $596,395 Architect // DSP Architects Owner // Royal Senior Care Completed Date // November 2016 RIVER OAKS ALF Type // Senior Living Renovation Location // Port Royal, SC Value // $630,366 Architect // DSP Architects Owner // Royal Senior Care, LLC Completed // December 2016

BLUE TREE RESORT 2016 UNIT RENOVATIONS Type // Unit Renovations Location // Orlando, FL Value // $135,000 Architect // n/a Owner // Blue Tree Resort at Lake Buena Vista Condo Association Completed Date // June 2016 VILLAGES RESORT PIP Type // Hospitality Renovation Location // Flint, Texas Value // $1.7 million Architect // L2 Studios Owner // Holiday Inn Club Vacations Completed Date // July 2016 SHERATON VISTANA RESORT PHASE 3 MODEL CASCADES Type // Hospitality Renovation Location // Orlando, FL Value // $158,957 Architect // Baker Barrios & Associates Owner // SVO Visitant Villages, Inc. Completed Date // August 2016 OLCC PUBLIC RESTROOMS Type // Hospitality Renovation Location // Kissimmee, Florida Value // $499,791 Architect // n/a Owner // Orange Lake Country Club, Inc. Completed Date // November 2016

OLCC WV CENTRAL SERVICES METAL BUILDING Type // Commercial New Construction Location // Kissimmee, FL: Value // $892,100 Architect // MILES Architecture Group Owner // Orange Lake Country Club, Inc. Completed Date // December 2016 HGVC SW BLDGS 6, 7, & 8 Type // Hospitality Unit Renovations Location // Orlando, FL Value // $4.1 million Architect // MILES Architecture Owner // Hilton Grand Vacations Company, LLC Completed Date // December 2016

PINEY SHORES SALES CENTER Type // Hospitality Renovation

Location // Conroe, TX Value // $1.69 million Architect // L2 Studios

Owner // Holiday Inn Club Vacations Completed Date // December 2016

THE VILLAGES RESORT SALES CENTER RENOVATION Type // Hospitality Renovation

Location // Flint, TX Value // $1.9 million Architect // L2 Studios

Owner // Holiday Inn Club Vacations Completed Date // December 2016

Addendum B Completed Projects Page 6

PARKWAY SALES CENTER RENOVATION Type // Hospitality Renovation Location // Kissimmee, FL Value // $157,000 Architect // n/a Owner // Lando Resorts Corporation Completed // December 2016

GADICK STANTON EARLY, PA Type // Building Renovations Location // Orlando, FL Value // $60,000 Owner // GSE PA Architect // L2 Studios Completion Date // March 2015 BLUE TREE RESORT 2015 Type // Unit Renovation Location // Orlando, FL Value // $132,000 Owner // Blue Tree Resort at Lake Buena Vista Condo Association Architect // NA Completion Date // February 2015 Type // Student Housing Location // Orlando, FL Value // $60 million Owner // American Campus Communities Architect // Niles Bolton Associates Completion Date // September 2014 STADIUM CENTRE - THE DECK Type // Student Housing Location // Tallahassee, FL Value // $20.4 million Owner // North American Properties Architect // M+A Architects Completion Date // August 2014 STADIUM CENTRE - THE BLOCK Type // Student Housing Location // Tallahassee, FL Value // $11.5 million Owner // North American Properties Architect // M+A Architects Completion Date // August 2014 STADIUM CENTRE - THE AXIS Location // Tallahassee, FL Type // Student Housing Value // $6.2 million Owner // North American Properties Architect // M+A Architects Completion Date // August 2014 2014 PLAZA ON UNIVERSITY

2015 CRESCENT CENTRAL STATION Type // Multifamily Location // Orlando, FL Value // $39 million Architect // L.A.S. Owner // Crescent Resources Completion Date // September 2015 OAKMONTE - MEMORY CARE Type // Senior Living Location // Orlando, FL Value // $3.8 million Owner // Chance Partners, LLC Architect // Puccini & English, Inc. Completion Date // September 2015 ECLIPSE AT TALLAHASSEE Type // Multifamily Location // Tallahassee, FL Value // $7.8 million Owner // Chance Partners, LLC Architect // Pucciano & English, Inc. Completion Date // August 2015 OLCC CENTRAL SALES RENO Type // Renovation Location // Kissimmee, FL Value // $945,015 Owner // Orange Lake County Club Inc. Architect // L2 Studios Completion Date // July 2015 EMERSON AT CELEBRATION Type // Multifamily Location // Celebration, FL Value // 26 million Owner // RockHarbor Investments, LLC

Architect // Phillips Partnership Completion Date // May 2015

Addendum B Completed Projects Page 7

AZUL BALDWIN PARK Type // Multifamily Location // Orlando, FL Value // $15.7 million

VACATION VILLAGE AT PARKWAY - BUILDING 21, PHASE1 Type // Timeshare Location // Kissimmee, FL Value // $21.2 million

Owner // Jefferson Apartment Group Architect // Looney Ricks Kiss Architects Completion Date // August 2014

Owner // The Berkley Group Architect // Fugleberg Koch Completion Date // March 2014

MADISON HEIGHTS Type // Affordable Housing

CAMPBELL LANDINGS Location // St. Petersburg, FL Project Type // Affordable Housing/Senior Living Value // $10.1million

Location // Tampa, FL Value // $11.4 million Owner // American Realty Development Architect // Slocum Platts Completion Date // Summer 2014

Owner // DDA Development Architect // MESH Architecture Completion Date // Spring 2014

JEFFERSON WESTSHORE Type // Multifamily

FOUNTAINS SALES BUILDING SITE WORK Type // Site Work Location // Orlando, FL Value // $.5 million Owner // Blue Green Vacations Unlimited, Inc. Architect // Guy Butler Architects Completion Date // April 2014 FOUNTAINS IN-HOUSE RENOVATION Type // Commercial Renovation Location // Orlando, FL Value // $.75 million Owner // Blue Green Vacations Unlimited, Inc. Architect // Guy Butler Architects Completion Date // July 2014 FOUNTAINS CLUBHOUSE RENOVATION Type // Commercial Renovation Location // Orlando, FL Value // $870,000 Owner // Blue Green Vacations Unlimited, Inc.

Location // Tampa, FL Value // $21.8 million Owner // Jefferson Apartment Group Architect // Humphreys and Partners Architects Completion Date // Spring 2014

EVANDER SQUARE Type // Multifamily Location // Celebration, FL Value // $32.8 million Owner // Faison & Associates Architect // Group 4 Designs Completion Date // June 2014 THE RESERVE AT ALAFAYA Type // Multifamily

Location // Orlando, FL Value // $17.8 million

Owner // Alafaya MF Tract 6, LLC Architect // Forum Architecture Completion Date // June 2014

Architect // Guy Butler Architects Completion Date // August 2014

OAKMONTE VILLAGES AT LAKE MARY Type // Senior Housing: ILF Villas Location // Lake Mary, FL Value // $3 million

LANDAU CONDO Type // Condo Renovation Location // Ft. Lauderdale, FL Value // $.2 million Owner // Landau Residence Architect // Kevin Moore AIA Completion Date // June 2014

Owner // Royal Senior Care Architect // SAS Architects Completion Date // May 2013

Addendum B Completed Projects Page 8

BEST WESTERN LBV Type // Hotel Room Renovations Location // Lake Buena Vista, FL Value // $.95 million Owner // Waterfront LBV GL LLC Architect // NA Completion Date // January 2014

PARKWAY AWNING AND REPAIRS Type // Interior and Exterior Miscellaneous Repairs Location // Kissimmee, FL Value // $26,000 Owner // Blue Green Vacations Unlimited, Inc. Architect // NA Completion Date // June 2014

OCEANS BALLROOM - RENAISSANCE SEA WORLD Type // Hotel Renovation Location // Orlando, FL Value // $585,000 Owner // Sunstone Architect // Flickmars Completion Date // January 2014 FOUNTAINS BUILDING 7 Type // Timeshare Unit Renovations Location // Orlando, FL Value // $1.8 million Owner // Blue Green Vacations Unlimited, Inc. Architect // DWR Designs Completion Date // February 2014

OLCC BUILDING 87600 Type // Interior and Exterior Renovation Location // Kissimmee, FL Value // $105,000 Owner // Orange Lake Country Club Architect // NA Completion Date // May 2014 OLCC E/W ENTRANCE GATES Location // Kissimmee, FL Project Type // Site Enhancement Value // $91,000 Owner // Orange Lake Country Club Architect // Burkett Engineering Completion Date // November 2014

FOUNTAINS CLUBHOUSE POOL RENOVATION Type // Pool and Deck Update Location // Orlando, FL Value // $192,000 Owner // Blue Green Vacations Unlimited, Inc. Architect // NA Completion Date // September 2014 PATRIOTS SUITES TIMESHARE INTERIOR ALTERATION Type // Construction Management Location // Williamsburg, WV Value // $192,000 Owner // Blue Green Vacations Unlimited, Inc. Architect // NA Completion Date // September 2014

OLCC CONDO II Type // Timeshare Unit Renovations Location // Kissimmee, FL Value // $208,000 Owner // Orange Lake Country Club Architect // NA Completion Date // February 2014

HAMPTON INN EXTERIOR REPAIR Type // Commercial Timeshare Location // Orlando, FL Value // $2.3 million Owner // Blue Green Vacations Unlimited, Inc.

Architect // Guy Butler Architects Completion Date // March 2014

VISTANA MDF EXPANSION Type // Commercial Renovation Location // Orlando, FL Value // $105,000 Owner // Starwood Vacation Ownership Architect // Powell Design Group Completion Date // June 2014

OLCC CONDO III Type // Timeshare Unit Renovations Location // Kissimmee, FL Value // $815,000 Owner // Orange Lake Country Club Architect // NA Completion Date // January 2014

Addendum B Completed Projects Page 9

OLCC CONDO I Type // Timeshare Unit Renovations Location // Kissimmee, FL Value // $1.1 million Owner // Orange Lake Country Club Architect // NA Completion Date // September 2014

Owner // Sonata Health Care Architect // Baker Barrios Completion Date // February 2013

DESERT CLUB RESORT – UNIT RENOVATIONS Type // Unit Renovations - Timeshare Location // Las Vegas, FL Value // $3 million Owner // OLCC Nevada LLC Architect // Vedelago Petsch Architects, Inc Completion Date // January 2013 BERKLEY CORPORATE OFFICES Type // Office Renovation - Commercial Location // Ft. Lauderdale, FL Value // $.6 million Owner // The Berkley Group Architect // Guy Butler Architects, Inc Completion Date // April 2013 COQUINA CROSSING Type // Pool Renovations - Multifamily Location // Elkton, FL Value // $.5 million Owner // MHC Coquina Crossing, LLC HGVC AT SEAWORLD - BUILDING 5 Type // Unit Renovations - Timeshare Location // Orlando, FL Value // $.4 million Owner // Hilton Grand Vacation Clubs, LLC Architect // N/A Completion Date // February 2013 WEST VILLAGE CLUBHOUSE Type // Call Center Renovations - Timeshare Location // Kissimmee, FL Value // $.4 million Owner // OLCC Architect // L2 Studios Completion Date // February 2013 ORANGE LAKE RESORT CONDO I Type // Unit Renovations - Timeshare Location // Kissimmee, FL Value // $.7 million Owner // OLCC Architect // Anderson Dixon, LLC Completion Date // April 2013

FOUNTAINS LAKE EVE DRIVEWAY Type // Site Upgrade Location // Orlando, FL Value // $55,000 Owner // BlueGreen Vacations Unlimited, Inc. Architect // Kimley-Horn & Associates Completion Date // September 2014 CAPE CANAVERAL SALES BUILDING RENOVATION Type // Timeshare Unit Renovations Location // Cape Canaveral, FL Value // $379,000 Owner // OLCC Florida, LLC Architect // MRI Architectural Group, Inc. Completion Date // September 2014 LA AMISTAD - EXTERIOR RENOVATIONS Type // Site Upgrade Location // Fern Park, FL Value // $245,000 Owner // La Amistad Foundation Architect // Slocum Platts Completion Date // September 2014 2013 SERENADES BY SONATA, THE VILLAGES

Type // Senior Housing: ALF Location // The Villages, FL Value // $5.5 million Owner // Sonata Health Care Architect // Baker Barrios Completion Date // November 2013

OAKMONTE VILLAGES AT LAKE MARY Type // Senior Housing: ALF Location // Lake Mary, FL Value // $8.7 million

Owner // Royal Senior Care Architect // SAS Architects Completion Date // April 2013

SERENADES BY SONATA, WEST ORANGE Type // Senior Housing: ALF & MC Location // Winter Garden, FL Value // $5.4 million

ADDENDUM C - YOUR TEAM

YOUR TEAM

Most importantly, we value the team approach to pre- constructionandconstruction.Collaboratingwith thedeveloper, designers, consultants, subcontractors, and vendors throughout the course of the project will provide not only a better project, but also a more enjoyable experience for everyone involved.

ICON TEAM APPROACH

The project team will include the involvement of the highest- ranking employees within the company. Our President and COO will be closely involved in every aspect of the project from start to finish. We recognize the importance of this project, and we will give it the utmost attention to ensure that it is completed to the standards that you will come to expect from WPC.

ICON EXECUTIVE INVOLVEMENT

Our proposed project team has been working for WPC for many years. The importance of our staff’s longevity is that each team member knows what is expected of him from WPC, and by extension, what is expected from you. It is rare in this industry that people stay with one company for such an extended period of time, and weare proud that we have created an environment where people enjoy coming to work.

ICON LONGEVITY

129 EMPLOYEES

ESTIMATING $

ASSISTANT SUPERINTENDENT

BUSINESS DEVELOPMENT

ACCOUNTING

CLERICAL

13 YEAR AVERAGE

39 6

7 6

7 9

22 2

15 11

QUALITY + SAFETY ASSURANCE 2 7

FACILITIES + EQUIPMENT MANAGEMENT

PROJECT MANAGEMENT

INFORMATION TECHNOLOGY

SUPERINTENDENT

EXECUTIVE

23 9

5

18

7

4

27

26

13

8

OFFICE

FIELD

TRACY S. FORREST CHAIRMAN/CHIEF EXECUTIVE OFFICER

49 YEARS

EXPERIENCE

Certified General Contractor State of Florida - Class A, CGC019537 Registered State Building Contractor

LICENSES/ CERTIFICATES

Board of Directors, Rollins College Hamilton Holt School

AFFILIATIONS

Harvard Business School Executive Education - Owner/President Management 21

EDUCATION/ TRAINING

Since founding the company in 1974, Tracy Forrest has guided Winter Park Construction (WPC) along a successful path of strategic and controlled growth. Under his leadership, WPC has become a leading general contractor in the Southeast and one of the top 10 multifamily general contractors in the nation. To date, the company has delivered over 200 million square feet of completed projects. “Our commitment to building relationships may be the most important part of our tradition. Over the past 44 years we have been dedicated to establishing quality relationships with our clients, our subcontractors, our suppliers, and our fellow teammates. You can be assured that this commitment will continue to serve as our corporate cornerstone at WPC. I am proud to say that our employees are equally committed, with many WPC team members having been with the company for 10, 15, 25, 30 and even 40 years.”

Tracy’s vision has become the foundation of WPCs core philosophy: provide exceptional quality at a competitive price, to deliver genuine value. He has inspired a ‘whatever it takes to get the job done’ attitude that drives the company forward. “As markets become more and more competitive, and competition becomes more and more intense, it is essential to maintain our vision. It is also essential to develop relationships with people and companies who share that vision. Together we can do great things. By fulfilling our promises we can also enjoy relationships that grow deeper with each new project and stronger with every passing year.”

JEFFREY D. FORREST PRESIDENT

40 YEARS

EXPERIENCE

Certified General Contractor State of Florida - Class A, CGC040441 State of Louisiana - Class A, 52746 State of South Carolina - G115975 State of Tennessee - 00064666 State of Wisconsin - 1120187 State of Nevada - 0077759 State of Virginia, Class A - 2705152133 University of Central Florida Harvard Business School Executive Education - Owner/President Management 43

LICENSES/ CERTIFICATES

EDUCATION/ TRAINING

As President of Winter Park Construction (WPC), Jeff oversees the operations of the 44-year old company, and aggressively pursues new business development. WPC specializes in multi-unit construction and is one of the largest builders in the country with over 30,000 apartment units, 20,000 timeshare units, 3,000 hotel rooms, and over 200 million square feet of construction completed to date. WPC has become a leading general contractor in the Southeast and one of the largest hospitality general contractors in the nation. In addition, we also provide construction management and preconstruction services for projects around the country. Jeff has expanded WPC’s reputation for construction excellence through long-standing relationships with clients such as, Lincoln Properties, Equity Residential, Starwood’s Vacation Ownership, Bluegreen Resorts, Sonata Healthcare, Holiday Inn Club Vacations, Inland American Communities Group, The Berkley Group, and Hilton Grand Vacations.

Jeff has a solid educational and professional background, having attended the University of Central Florida and Harvard Business School Executive Education. A forward thinker, Jeff has pioneered advanced technology throughout the WPC business model. “Forty-four years ago, our business consisted primarily of framing and renovations projects confined to the Orlando area. Today, we are one of the largest general contractors in Central Florida, as well as the country. Our market type, capability and reach are much broader with an average project value of $20-$30 million, spanning across the US. “Knowing that we are building purposeful places inspires me. More than just building, our projects are places for people to live and raise families, to vacation and create memories, places for students to learn and taste freedom, and environments for your elderly to live out their lives in dignity”

KEVIN A. CORRADO PARTNER, CHEIF OPERATING OFFICER

29 YEARS

EXPERIENCE

EDUCATION/ TRAINING

Hillsborough Community College Harvard University Negotiation Workshop Rollins College Time Managment Workshop Listening Workshop Program or Effective Leadership MILITARY U.S. Navy, 1980 - 1986

Kevin Corrado brings 29 years of experience supervising resort, commercial and multifamily construction projects to the WPC team. Throughout the course of his career, he has developed vast knowledge in the construction industry. Kevin is a gifted leader who has been with WPC since 1994 and is an integral part of the company’s growth and development. As the Chief Operating Officer, Kevin’s responsibilities include the day-to-day supervision of all WPC operations personnel and providing support to all department personnel at the executive level. His management skills have led to a proven track record of delivering the highest quality projects on schedule and within budget. Kevin assists our preconstruction department, overseeing the planning of logistics, conceptual scheduling, and general condition requirements. He also works with our accounting, scheduling and IT staff during each project from the initial planning to the completion of each building. Kevin has been a major player in developing the company’s strategic initiatives and takes great pride in cultivating and promoting what we call “The WPC Way.”

“There are many intangibles that elude even the best analyst, but the ‘WPC Way’ is not just one means or method, it’s a number of them. Placing people first - that’s the ‘WPC Way’. Working hard to ensure that the products we deliver are second to none - that’s the ‘WPC Way’. Commitment to excellence, sharing laughter, working together to find innovative solutions to problems - that’s the ‘WPC Way’. Helping the less fortunate in the community, encouraging and supporting our subcontractors, doing what is right, never being satisfied, getting it done without complaining, setting the standard for construction excellence in our market - that’s the ‘WPC Way’. Placing the client’s needs first, sharing ideas, anticipating, celebrating, that’s the ‘WPC Way’— and you see it displayed by everyone each and every day.”