Kingfish Bay Development and Waterfront Living

• Kingfish Bay is a multi-generational living community located along the coast in North Carolina. Surrounded by nature in a secure, gated community.

68+ Acres Entitled and Developed

• ($25,000,000) 68+ Acres Entitled and Developed includes: * $18 million in community amenities * Gated Community * Waterfront Development

100 New Homes (Construction) for Sale

• ($26,000,000) 100 Homes for Sale Average 2,000 sf Construction Costs: $26,000,000 PPSF $176, 200,000 total sf = $35,200,000

160 Multi-Family Homes (Construction) for Lease

• ($34,320,000) (20) 8-Unit Buildings 1st Level 2,200 sf 2 bedroom, 2 bath units - Lease rates $1.40 sf (Furnished) Two reserved, garaged parking 2nd Level 1,000 sf 2 bedroom, 1 bath units - Lease rates $1.40 sf (Furnished) One reserved parking Projected Rental Income: $4,300,800 $429,000 - Dual Unit Construction Costs per every 1st level and 2nd level units (Total 80) $34,320,000 - Total Construction Costs