The purpose of this Confidential Investment Offering Overview is to provide a summary of a possible future private investment opportunity that may be made available to a certain limited number of accredited investors. This is not an offer to sell real estate and/or any type of security, partnership interest, public or otherwise.

The contemplated offering, if made available formally, would provide Investors with the opportunity to acquire an interest in a to-be-renovated and constructed 250 unit luxury multi-family rental community on nearly 32 acres, which will be named Flanagan’s Landing. The Property, a former 19th century leather tannery, will be fully renovated in addition to five buildings that will be newly constructed on the Property. Flanagan’s Landing is located in Glastonbury, Connecticut, an affluent suburb, just 8 miles from Hartford, Connecticut, an area known for its prosperous residential neighborhoods, strong public school systems, thriving retail and restaurant scene, and high-end demographics. The apartment community is being developed by Lexington Partners, LLC, LAZ Investments, LLC and SMB Equity, LLC. Lexington Partners is a Hartford based commercial real estate firm, managed by Martin Kenny. Mr. Kenny has been active in the Connecticut, New England and Florida commercial real estate industry for over 30 years. LAZ Investments is the investment arm of Alan Lazowski, founder of LAZ Parking. LAZ Parking, based in Hartford, has grown to be the third largest parking company in the United States with revenues of over $800 million. LAZ manages and owns parking facilities in 26 states throughout the country.

Flanagan’s Landing will be a top-of-the-line rental community featuring 250 studio, one-, two- and three-bedroom luxury residential units. The Property will include garages, carport parking, a fitness center, billiards room, cyber-lounge, a heated in-ground pool, picnic and sundeck areas, commercial grills and fire pits, as well as unbeatable proximity to Glastonbury town center. Additionally, tenants will enjoy in-unit washer and dryers and top-of-the-line unit finishes and amenities. Flanagan’s Landing will also incorporate a 6,153 square foot commercial space to be leased to a restaurant, the design features an outdoor patio overlooking a waterfall, Roser’s Pond, and roof-top wine terrace. The Property is settled on 11 acres of preserved nature that will offer walking trails and dog stations for future tenants. Glastonbury, CT is centrally located in Hartford County and is in close proximity to many of Connecticut’s best employers, companies such as The Hartford, Voya Financial, Otis Elevator, Travelers, Pitney Bowes, CIGNA, Metlife, and Kaman Corp; all of which are located within a short distance from the Flanagan’s Landing community. Hartford, and neighboring Glastonbury, are conveniently situated approximately 2 hours from New York City and 90 minutes from Boston for easy access. Bradley International Airport is only 30 minutes northwest.

The Hartford, CT apartment market has remained exceptionally strong over the last few years with respect to occupancy, rental rates, and in the past six months new construction activity has increased as new apartment demand continues to surge. REIS Reports announced in December 2013 that the Hartford area had the 6th highest apartment occupancy rate in the country and The Hartford Metro Market is currently at 97.2% occupancy in a market that reports a total of about 38,000 apartments. REIS Reports projected an average occupancy rate of 95.7% for the next five years, when factoring in the nearly 3,000 apartments under construction in the Hartford area. It is important to note that only approximately 11% of Hartford’s inventory of 38,000 apartments were built after 1990, which bodes very well for new, well-designed apartments located in areas such as Glastonbury, where the current apartment supply is made up of apartment communities that are predominantly 40 years or older. The average occupancy rate within the South Hartford submarket is 98.8%, and is forecasted to average 97.5% over the next five years.

Flanagan’s Landing, to be established near popular downtown Glastonbury, will be served by several newer retail developments in Glastonbury Center. The area surrounding the property offers unbeatable shopping and restaurants, including Somerset Square (85,000 sf of luxury retail space), Eric Town Street (90,000 sf of new retail space), and Fox Run Mall, which features a Whole Foods grocery store. The Property is located on a pristine development parcel on New London Turnpike, just southeast of Hebron Avenue, Glastonbury’s primary east and west artery. The 2014 estimated average household income in Glastonbury is approximately $105,000, with an average home value of $360,000. Connecticut Magazine ranked Glastonbury as being the top place to live in 2005 due to its education, leisure/cultural components, it also boasts one of the lowest crime rates in the state.

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