1345 WABASH SOUTH LOOP CHICAGO, ILLINOIS, USA FEBRUARY 2015 - - PowerPoint PPT Presentation

CHICAGO, ILLINOIS, USA FEBRUARY 2015

1345 WABASH

SOUTH LOOP

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CHICAGO ECONOMY AT A GLANCE

Ranked seventh worldwide in AT Kearney’s Global Cities Index Headquarters for 31 Fortune 500 Companies and over 500 publicly traded companies including United Airlines and Boeing Home to five major financial exchanges, including the Chicago Mercantile Exchange (CME Group) and the Chicago Board Options Exchange (CBOE) Chicago is projected to grow into a new “megacity” region by 2030. Named ‘Top Metro” in North America for corporate relocation and expansions with 10,000 new jobs and $2.8 billion in investment.

Economy Gross Metropolitan Product (GMP) USD590b GMP Rank 3rd largest in the US Economic Growth Rate 2.5% Per Capita Income USD 49,071 Unemployment Rate Nov.14 5.8% Population Growth Apr’10-Jul’13 0.9% Property Market Home Affordability Ratio 3.6x Home Ownership Rate 45% % of Housing in Multi-Unit Structures 71% Rental Vacancy Rate 3.8% Median Rent Growth Jan ’14-Jan ’15 4.4%

Source: U.S. Census Bureau; Bureau of Labor Statistics; Zillow; Bureau of Economic Analysis; Marcus & Millichap ; 4

CHICAGO ECONOMY & PROPERTY MARKET

Source: Bureau of Economic Analysis; Marcus&Millichap; CBS Chicago; City of Chicago; World Business Chicago; Illinois Association of Realtors Q3 2014 5

MACROECONOMIC OUTLOOK

United d State tes Chicago go

Chicago metro added over 40,000 jobs in the 12 months to Sep. 2014, led by the professional and business services sector with 20,000 new jobs Nearly 542,000 people have jobs in the CBD in 2014, the most since at least 1991 $320 million digital manufacturing design lab will be built in Chicago making Chicago the leading hub of advanced manufacturing O’Hare Airport Northeast Cargo Centre, with committed investment of nearly $200 million will:

• Create over 10,000 jobs
• Make O’Hare one of the world’s largest

air cargo hubs $25 million Central Loop Bus Rapid Transit system will start operation in 2015

Source: S&P Case Shiller Index; Zillow; National Association of Realtors Local Market report 2014 Q3; ChicagoNow.com; Chicago Metro Area Real Estate 6

S&P Case Shiller All Home Index and Condo Index both recorded 24 consecutive months of price growth in Chicago as of October 2014 After 2 years of phenomenal growth, the market started to stabilize and growth is continuing at a sustainable level Limited new construction supply in the near term Residential constructions in the pipeline has plummeted 80% since 2005 and is 17% below 8-yr average now. Among major U.S. cities, Chicago is among the most attractively priced relative to pre- recession peak (Case-Shiller condo index still approximately 24% below 2007 peak)

CHICAGO PROPERTY MARKET & OUTLOOK

60 70 80 90 100 110 120 130 140 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Chicago New York

Stabilization Period

Case-Shiller Home Price Index 10-Year Performance

Source: S&P Case Shiller Index;

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PRICE TREND COMPARISON

Stabilization Period

+17% from trough +8% from trough

Source: Zillow Median listing rent / Median listing price

“Chicago offers among the highest average yields* & lowest price points in major US cities”

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US PRIME MARKET YIELD COMPARISON

2.7% 4.8% 5.0% 5.8% 8.0%

0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0%

Manhattan Los Angeles San Francisco Boston Chicago

En Entry Carr Carry Exit Exit Approximate Transfer Tax 1.825% 1.825% Combined CGT* 21% Combined Income tax* 16% Property tax 1.5% Mortgage Recording Tax 2.175%

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En Entry Car arry Exit Exit Approximate Transfer Tax 0.75% 0.45% Combined CGT* 20% Combined Income tax* 15% Property tax 1.72%** Mortgage Recording Tax N/A

Numbers rounded *Capital Gains rates assume highest CGT bracket; Income tax rates assume lowest income tax bracket; **Chicago property tax assumes the highest rate

TRANSACTION & OWNERSHIP COST COMPARISON

New York Chicago

Source: Choose Chicago, City U.S. Census Bureau, Chicagoland Chamber of Commerce; Chicago Magzine

CHICAGO’S SOUTH LOOP

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One of the fastest growing residential neighbuorhoods in the city Heavily industrial until the 1970s, when the city rezoned the area for residential; spurring massive regeneration Residential population has grown 80% since 2000 Named one of Chicago’s top 12 neighbourhoods to live by Chicago Magazine

CHICAGO CONDO MARKET BY AREA

60 70 80 90 100 110 120 130 140 Feb 2012 Mar 2012 Apr 2012 May 2012 Jun 2012 Jul 2012 Aug 2012 Sep 2012 Oct 2012 Nov 2012 Dec 2012 Jan 2013 Feb 2013 Mar 2013 Apr 2013 May 2013 Jun 2013 Jul 2013 Aug 2013 Sep 2013 Oct 2013 Nov 2013 Dec 2013 Jan 2014 Feb 2014 Mar 2014 Apr 2014 May 2014 Jun 2014 Jul 2014 Aug 2014 Sep 2014 Oct 2014 Nov 2014 Chicago The Loop South Loop Near North

All Chicago The Loop Sou South Loo Loop

Peak-Trough

• 34%
• 30%
• 26%

26%

Trough-Current

+15% +18% +13% +13%

Source: Zillow

Home to:

• Grant Park
• Soldier Field (Chicago Bears)
• Field Museum of Natural

History

• The Shedd Aquarium
• 5 Schools and Universities
• 28 Bars and Restaurants
• 7 Grocery Stores

LIFESTYLE

Soldier Field Field Museum of Natural History University of Chicago The Shedd Aquarium

OUTDOOR ACTIVITIES abound with Chicago’s lakefront and Grant Park nearby, or pause at a multitude of restaurants and eateries

LIFESTYLE

Grant Park Lake Front Millennium Park

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144 unit freehold condominium building in Chicago’s fast growing South Loop neighbourhood Completion scheduled for Q2 2015 Loft-style units feature 10 foot ceilings, balconies, modern appliances and sleek modern finishes Prices from USD 249,900 Anticipated gross yields of up to 8.2% Optional parking available 50% LTV available Exclusive to IP Global outside the U.S.

1345 WABASH

AERIAL VIEW

LOCATION

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TRANSPORT

4 minutes walk to Roosevelt Station providing access to

• Red Line
• Green Line
• Orange Line

Less than 10 minutes to the Loop by train Walking distance to

• Grant park
• Soldier Field
• The Field Museum
• Shedd Aquarium
• Millennium Park

18 minutes on Orange Line to Chicago Union Station providing access to 15 regional rail and Amtrak national rail services 6 minute drive to Interstate Highways 290, 90 & 94

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GREEN-LEED CERTIFIED BUILDING with Green Roof, Energy Efficiencies, Green Power, Recyclable Collection, Air Quality Management and use of Renewable Finish Materials

GREEN-LEED CERTIFIED BUILDING

Images shown are indicative artist’s impressions and for representation purposes only

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INTERIOR

Images shown are indicative artist’s impressions and for representation purposes only

• Founded in 1996, CMK Companies is a

leading Chicago real estate firm that has helped redefine the concept of urban living with its award-winning contemporary buildings*. The company is responsible for over USD1 billion in real estate development.

• CMK Companies pursues a ceaseless

quest for quality, value, and intelligent design for contemporary living with each development project, partnering with the industry’s formative architects and employing leading-edge materials and technologies *Recipient of over 19 awards Recipient of over 19

awards and distinctions, including the National Honour Award by the American Institute of Architects

DEVELOPER- CMK COMPANIES

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Kitchen / Dining / Living Room *Photos of previous project that has similar specifications with 1345 Wabash

PREVIOUS CMK PROJECTS

Bedroom Kitchen / Dining / Living Room

RESIDENCE

• Tall, abundant 10’ ceiling heights with exposed concrete

surfaces (per plan)

• Secure, solid-core entry doors
• Brushed-chrome door levers and hardware
• Individual washer/dryer hook-ups
• Individual HVAC system, offering on-demand A/C or Heat
• Floor-to-ceiling windows (per plan)

KITCHEN

• European-style kitchens
• Florense flat-panel, wood veneer cabinetry
• Frigidaire Stainless steel appliances, Gas Range/Oven,

Dishwasher, Refrigerator, Microwave & Garbage Disposal

• Quartz countertops
• Large, single basin, under mount stainless steel sink
• Grohe single-lever premium faucet with integrated pull-out

sprayer

LIVING/DINING

• Surface mounted dome lighting and track lighting (per plan)
• Engineered flooring
• Phone, cable and high-speed internet connections
• Computer alcove (per plan)

BEDROOMS

• Luxury carpeting
• Vinyl-clad wire closet shelving
• Switched outlets
• Phone, cable and high-speed internet connections

MASTER BATHROOM

• Duravit floating vanity with drawer & integrated sink
• Grohe single-lever premium faucet
• Toto single-piece toilet
• Duravit architect tub or shower basin (per plan)
• Grohe tub/shower fixtures
• TransCeramica Architectural tile floors & tub/shower

surround

• Grohe towel bar, toilet paper and robe hook
• Vanity-width frameless mirror

SECONDARY BATHROOM

• Duravit floating vanity with drawer & integrated sink
• Grohe single-lever premium faucet
• Toto single-piece toilet
• Duravit architect shower basin
• Grohe shower fixtures
• TransCeramica Architectural tile floors & shower surround
• Grohe towel bar, toilet paper and robe hook
• Vanity-width frameless mirror

SPECIFICATION

The Columbian 1400 S Michigan Ave

Price: USD364/Sq ft

The Adler 1629 S Prairie Ave.

Price: USD362/Sq ft

1400 Museum Park 100 E 14th St

Price: USD349/Sq ft

Source: Zillow; Highrises;

SALES COMPARABLES

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1 2 3

USD USD357per sqf sqft

3 1 2

1345 1345 Waba abash

The Grant 1201 S Prairie Ave

Rent: USD2.58/Sq ft

1720 S Michigan Ave

Rent: USD2.15/Sq ft

USD2.2-2.35 per sq ft

Source: Zillow; Highrises;

RENTAL COMPARABLES

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1 3

The Adler 1629 S Prairie Ave.

Rent: USD 2.25/Sq ft

2 1 2 3

1345 1345 Waba abash

Monthly Annual Initial Rent (USD/pm) $2,471 $29,652 Property Tax ($495) ($5,940) HOA Fees ($315) ($3,780) Mgmt Fee ($247) ($2,964) Insurance ($33.3) ($400) 50% Mortgage (P&I @3.5%) ($889) ($10,668) Net Cashflow to Investor $491 $5,900 Unit Price $395,900 Type 2 bed 2 bath Size (sqft) 1,123 sqft Price psf $353 Gross Yield 7.5% Equity Outlay 219,174 Net Yield 4.2% Post Mortgage Yield 1.5%

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ANTICIPATED CASH FLOW

Requirements s and and Proc

• cess

ss

• 1. Submit a completed IP Global Unit Application Form

& copy of your passport

• 2. Payment of IP Global Client Fee upon reservation
• 3. Contact Complete Finance upon submission of

Unit Application Form to begin mortgage pre-approval process (if applicable)

• 4. Sign Purchase Agreement and pay 25% deposit

within 7 working days of receipt of Purchase Agreement

• 5. Payment of remaining 75% on completion.

Completion is estimated to be in Q2 2015

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PURCHASE PROCESS

IP Global is the trading name of IP Real Estate Investments Pte Ltd (CEA License Number: L3010023I) which is licensed under the Estate Agents Act 2010 of Singapore. You acknowledge that: (i) the information contained in this document and such other material issued in connection therewith (the “Content”) are provided for information purposes only and will not be regarded as advice on securities or collective investment schemes or other financial or investment advice; (ii) the Content is not intended for the purpose of advice, dealing or trading in securities or collective investment schemes; (iii) the Content may include certain information taken from property surveys, stock exchanges and other sources from around the world; (iv) the Content is provided on an “as is” basis and by way of a summary; (v) the Content may be subject to the terms and conditions of other agreements to which we are a party; (vi) none of the information contained in the Content constitutes a solicitation, offer, opinion, or recommendation by us to buy or sell any security, or provision of legal, tax, accounting, or investment advice or services regarding the profitability or suitability of any security or investment; (vii) you should not rely on the Content as the sole means of making any investment decision relating thereto and you should seek professional, independent and specific advice on any such investment decision; (viii) the property market is volatile and illiquid and property prices and rental yields may fluctuate widely or be affected by a broad range of risk factors; (ix) all plans and specifications in the Content are intended as a guide only and are subject to such variations, modifications and amendments as may be required by the relevant authorities or the relevant developer’s consultants or architects; (x) all renderings and illustrations in the Content are artists’ impressions only and all measurements are approximate subject to final survey and confirmation; (xi) the Content is not intended for use by, or distribution to, any person or entity in any jurisdiction or country where such use or distribution would be contrary to law or regulation; and (xii) the Content has not been authorised or approved by the Securities and Futures Commission of Hong Kong or any regulatory body of competent authority whether in Hong Kong or elsewhere. Accordingly, you assume all responsibility and risk for reliance upon and the use of the Content and, we, our agents, directors, officers, employees, representatives, successors, and assigns expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) the use of the Content, (ii) reliance on any information contained in the Content, (iii) any error, omission or inaccuracy in any such information including, without limitation, financial data, forecasts, analysis and trends, or (iv) any action or non-performance resulting from the foregoing. This exclusion clause shall take effect to the fullest extent permitted by applicable laws. We and our representatives only work in relation to real estate located outside Hong Kong. Therefore we are not licensed under the Estate Agents Ordinance (Cap. 511 of the Laws of Hong Kong) to deal with Hong Kong real estate (nor are we required to be so licensed). Profess ssional Advice ce Any statement contained in the Content is made on a general basis and we have not given any consideration to nor have we made any investigation of the investment objective, financial situation or particular need of any user or reader, any specific person or group of persons. You are advised to make your own assessment of the relevance, accuracy and adequacy of the information contained in the Content and conduct independent investigations as may be necessary or appropriate for the purpose of such assessment including the investment risks involved. You should consult an appropriate professional advisor for legal, tax, accounting, or investment advice specific to your situation, as to whether any governmental or other consents are required or if any formalities should be observed for the purposes of making such investments as are mentioned in the Content. If you are unsure about the meaning of any of the information contained in the Content, please consult your financial or other professional advisor. Third d Party References ces References to third party publications are provided for your information only. The content of these publications are issued by third parties. As such, we are not responsible for the accuracy of information contained in those publications, nor shall we be held liable for any loss or damage arising from or related to their use. The Sponsor makes no representations or warranties with respect to the Units, except as may be set forth in the Offering Plan. This is not an offer to sell condominium units in any jurisdiction which requires prior registration and in which the Condominium is not registered. The statements made in this material are summary in nature and should not be relied upon by a prospective purchaser. A prospective purchaser should refer to the complete set of documents provided by Sponsor and should seek legal advice in connection with their purchase. The artist’s representations and interior decorations, finishes, appliances and furnishings are provided for illustrative purposes only. All the representations contained in this material and any supplementary collateral materials provided by Sponsor are subject to change. Equal housing opportunity. The complete offering terms are in an offering plan available from sponsor. File No. CD-08-0486.

DISCLAIMER

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