±12.29 Acres of Lake Frontage Land

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±12.29 Acres of Lake Frontage Land Located on 70 Strada di Villagio in the Premier Lake Las Vegas Community $6,200,000 GALLERIA AT SUNSET MALL UNION VILLAGE LAS VEGAS STRIP DOWNTOWN LAS VEGAS

1 ±12.29 Acres of Lake Frontage Land Located on 70 Strada di Villagio in the Premier Lake Las Vegas Community $6,200,000 GALLERIA AT SUNSET MALL UNION VILLAGE LAS VEGAS STRIP DOWNTOWN LAS VEGAS CADENCE MASTER PLANNED COMMUNITY ±13,250 HOMES WETLANDS PARK LAS VEGAS WASH TRAIL GALLERIA DRIVE REFLECTION BAY GOLF COURSE MONTELAGO VILLAGE WILLIAM LYON HOMES ±12.29 ACRES SOUTHSHORE GOLF COURSE

2 Executive Summary Located on 70 Strada di Villagio in the premier Lake Las Vegas community of Henderson, Nevada ±12.29 Gross Acres of Lake Frontage Land THE OFFERING CBRE is pleased to represent ±12.29 acres of lake front property located on 70 Strada di Villagio in the premier Lake Las Vegas community of Henderson, Nevada. This luxurious neighborhood is a 3,592-acre master-planned residential and resort development surrounding a 320-acre lake with 10 miles of shoreline while the nearby Montelago Resort and Village provides shopping, restaurants and accommodations. The subject property is on the south shore of Lake Las Vegas and is surrounded by exclusive golf courses such as the Reflection Bay Golf Club, which is the first public resort golf course in Nevada that was personally designed by Jack Nicklaus. The 7,261- yard, par-72, award-winning course makes its way through the desert while providing breathtaking views of Lake Las Vegas. Additionally, the property is directly across from the 17.3 acres recently purchased by William Lyon Homes for a residential development of 53 single family homes. It is just west of Lake Mead Recreation Area and about an hour drive to Hoover Dam, Mt. Charleston, Valley of Fire and Red Rock Canyon. It is approximately 17 miles to the famous Las Vegas Strip and McCarran International Airport, and minutes from the new Cowabunga Bay Las Vegas Water Park. Furthermore, it s situated along the recently completed Galleria Drive extension that will provide direct access to the Lake Las Vegas area, the upcoming Union Village (a 171-acre master-planned health village complete with three hospitals, medical office buildings and residential, cultural, retail and entertainment space), the Galleria Mall, surrounding retail centers and the 13,250-home, 2,200-acre Cadence Master-Planned Community (which will showcase homes built by Lennar, Woodside Homes and Ryland Homes). The highly-anticipated road expansion will not only give this site improved access, but will make it a prime location for further commercial development. INVESTMENT SUMMARY ±12.29 acres of vacant lake front land APN: and 005 Large vacant parcel in the premier Lake Las Vegas community Zoned: C-T (Commercial Tourist) Entitled for land uses including condominiums, hotels, resort development, commercial recreation facilities, restaurants and retail Utilities adjacent to the site Direct access to approximately 910 feet of shoreline Private and secluded resort environment with tropical climate Tremendous lake, mountain and golf course view corridors Surrounded by exclusive golf courses, gaming, restaurants, shopping and lake amenities Directly across from the 17.3 acres recently purchased by William Lyon Homes for a residential development of up to 53 single family home Approximately 17 miles to the famous Las Vegas Strip and McCarran International Airport Minutes from the new Cowabunga Bay Las Vegas Water Park and is near the upcoming Union Village (a 171-acre master-planned health village) and the Cadence residential development (a 13,250-home, 2,200-acre master-planned community)

Lake Frontage Land In Lake Las Vegas LAKE LAS VEGAS Lake Las Vegas, while being located in the eastern most portion of the City of Henderson, is surrounded by BLM land and the Lake Mead National

3 Lake Frontage Land In Lake Las Vegas LAKE LAS VEGAS Lake Las Vegas, while being located in the eastern most portion of the City of Henderson, is surrounded by BLM land and the Lake Mead National Recreation Area, making it one of the most private and secluded resort residential communities in Southern Nevada. Reminiscent of the towns in northern Italy, Lake Las Vegas Resort is a 3,592-acre master planned residential and resort community featuring exquisite residential offerings, including custom home sites, waterfront and golf villas, resort condominiums and luxury executive homes surrounding a 320-acre private lake, tucked into the desert s mountainside just 17 miles from the famed Las Vegas Strip. The lake offers 10 miles of shoreline, approximate average width of one mile, approximate average length of two miles, approximate maximum depth of 150 feet, privately owned, largest privately owned lake in Southern Nevada and features a full service marina offering fishing, watercraft rentals, yacht cruises, gondola cruises and features the La Contessa and Lady of the Lake yachts that offer sunset cruises and private rentals for groups and weddings. The resort community features hotels such as the Aston MonteLago Village Resort, Lake Las Vegas Vacation Villas, Ravella (formerly Ritz-Carlton Lake Las Vegas) and the Westin Lake Las Vegas. Among Lake Las Vegas Resort s wealth of amenities include the Jack Nicklaus designed Golf club at SouthShore, named one of the Top 100 Modern Courses by GolfWeek Magazine in 2008, pampering spas, gourmet restaurants, a marina and MonteLago Village, a bustling enclave of shopping, dining, concerts on the lake, movies al fresco, live entertainment, art festivals, wine tasting, and family activities throughout the year. In addition, a variety of unlimited recreational activities are nearby including skydiving, river rafting, helicopter tours of Hoover Dam and the Grand Canyon, hummer tours, hiking, mountain biking, kayaking, sailing, jet skis, water skiing, ATV s, and sightseeing. The desert terrain is home to nearby Lake Mead, Red Rock Canyon, and the Valley of Fire, all of which feature a variety of historical and geological phenomenon found nowhere else on Earth. In contrast, Mt. Charleston rises 11,918 feet above the desert floor, offering a cooler alternative for local skiers, snowboarders, climbers, and sightseers. The abundant amenities, private upscale environment and incredible views, and prime water front location make this opportunity at Lake Las Vegas one of a kind, a desert paradise with convenient access to the Entertainment Capital of the World!

AREA DEVELOPMENTS GALLERIA INTERCHANGE UNION VILLAGE Union Village has broken ground and construction has begun on the first phase of this $1.2 billion project.

Union Village will be located on Galleria Drive between U.S. 95 and Gibson Road in Henderson, Nevada and is expected to produce 17,000 jobs.

This will alleviate current and future congestion, decrease drive times from Las Vegas and surrounding areas.

Rose Dominican Hospitals) is currently under contract to purchase a 2.3-acre site on Galleria Drive and Gibson Road.

master-planned Union Village (which just began its construction). The Dignity Health Medical Pavilion is expected to open in 2016.

4 AREA DEVELOPMENTS GALLERIA INTERCHANGE UNION VILLAGE Union Village has broken ground and construction has begun on the first phase of this $1.2 billion project. This 171-acre world-class and masterplanned Integrated Health Village will feature hospitals, medical office buildings in addition to residential, cultural, retail and entertainment space. Union Village will be located on Galleria Drive between U.S. 95 and Gibson Road in Henderson, Nevada and is expected to produce 17,000 jobs. The Galleria Interchange and future Galleria Parkway provides a direct route from the US-95 freeway to Lake Las Vegas through Tuscany and the Landwell Companies 2,200 acre master-planned development. This will alleviate current and future congestion, decrease drive times from Las Vegas and surrounding areas. These improvements allow for direct access to Lake Las Vegas and more convenient access to services and shopping for residents of Lake Las Vegas. DIGNITY HEALTH Dignity Health (parent company of St. Rose Dominican Hospitals) is currently under contract to purchase a 2.3-acre site on Galleria Drive and Gibson Road. Additionally, Dignity has recently announced plans to build a full-service outpatient medical center next to the newly-built Cowabunga Bay Water Park and across the 171-acre world-class and master-planned Union Village (which just began its construction). The Dignity Health Medical Pavilion is expected to open in WILLIAM LYON HOMES SOUTHSHORE GOLF COURSE COWABUNGA BAY WATER PARK The newly built 23-acre Cowabunga Bay Water Park is themed after beach scenes reminiscent of the 50 s and 60 s era. It features 25 thrilling and oneof-a-kind water slides and attractions, rental cabanas, a VIP pool area along with an array of food and beverages to choose from. It is located off U.S. 95 in Henderson and is just east of Galleria Mall. CADENCE MASTER-PLANNED COMMUNITY Cadence is Henderson s highly anticipated and newest master-planned 2,200- acre residential community, which will showcase 13,250 homes built by Lennar, Woodside Homes and Ryland Homes. It will feature a 50-acre central park, 100-acre sports park and 30 trails that will interconnect with regional trails such as the River Mountains Loop Trail and Las Vegas Wash Trail. This brand new development is located off Lake Mead Parkway (on the way to and from Lake Las Vegas) and east of Boulder Highway. REFLECTION BAY GOLF COURSE MONTELAGO VILLAGE Location 70 Strada di Villagio in Henderson,Nevada Acreage ±12.29 acres APN# and 005 Zoning: C-T, Commercial Tourist Jursidiction: Henderson DEMOGRAPHICS DEMOGRAPHICS: 1 MILE RADIUS 3 MILE RADIUS 5 MILE RADIUS 2014 Est. Population 1,100 4,757 24, Est. Households 821 2,055 8, Est. Average Household Income $115,537 $104,155 $66,576

5 RUSSEL ROAD GALLERIA DRIVE COMPLETED IN OCTOBER 2014 OLSEN STREET SUNSET ROAD CADENCE MASTER PLANNED COMMUNITY BURKHOLDER BOULEVARD MOHAWK DRIVE RACETRACK ROAD

First Vice President 702.369.4838 derek.rafie@cbre.

6 MONTELAGO VILLAGE ±12.29 ACRES FOR MORE INFORMATION PLEASE CONTACT: Derek Rafie First Vice President CBRE - Land Services Group Las Vegas 3993 Howard Hughes Pkwy, Suite 700 Las Vegas, NV

±30.68 Gross Acres of Land Available

±30.68 Gross Acres of Land Available SEC of Galleria Drive (Hacienda Avenue) and Highest Wolf Lane in Henderson, Nevada GALLERIA AT SUNSET MALL UNION VILLAGE LAS VEGAS STRIP DOWNTOWN LAS VEGAS CADENCE