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42        EXECUTIVE SUMMARY    |    LOCATION HIGHLIGHTS    |    FINANCIAL ANALYSIS    |    MARKET SURVEY
         Aviary Village                                                                                         Subject Property





                                                                 Property Details

                                                                 Address              555 Wild Wing Boulevard  Conway SC 29256
                                                                 Units                50


                                                                 Sales Price          $3,750,000
                                                                 Price/Unit           $75,000
                                                                 Closing Date
                                                                 CAP Rate



         Cherry Grove Commons





                                                                 Property Details

                                                                 Address              1100 David Street  North Myrtle Beach, SC 29582
                                                                 Units                172


                                                                 Sales Price          $15,100,000
                                                                 Price/Unit           $87,791
                                                                 Closing Date         July 31, 2014
                                                                 CAP Rate             6.70%


         Multi-Property Sale




                                                                 Property Details


                                                                 Address              3486-3858 Maypop Circle  Myrtle Beach, SC 29588
                                                                 Units                48
                                                                 Year Built/Renovated


                                                                 Sales Price          $4,400,000
                                                                 Price/Unit           $91,667
                                                                 Closing Date         July 28, 2014
                                                                 CAP Rate
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