TRYON EQUINE PROPERTIES

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1 TRYON EQUINE PROPERTIES

2 TRYON, NC OVERVIEW Located in Polk County, North Carolina, the towns of Tryon and Mill Spring are conveniently positioned within an hour of Charlotte and Asheville, NC and Greenville and Spartanburg, SC. This sought-after destination provides easy access from Interstates 85, 26, and 40 and Highway 74 and close proximity to the Charlotte and Asheville, NC and Greenville, SC airports. Domestic and International flights are easily accommodated. Tryon, NC caters to the distinctive tastes of a highly affluent customer base, and is balanced by the laid-back lifestyle and naturalistic scenery. The serene community boasts an emphasis on vineyards and equestrian activities and is the home to many part time residents and second homes/ vacation homes. The Tryon area is just a short drive from professional sports, museums, art galleries, theaters, shopping, and a host of outdoor activities. According to Expedia, Tryon NC is known as the Best Place to Escape in North Carolina (2018). Tryon Equine Properties are located directly across from Tryon International Equestrian Center (TIEC). TIEC opened in June 2014 with the purpose of providing a top-notch facility for equestrian events, show jumping, steeplechase, fox hunting and other family entertainment. TIEC is the host of the FEI World Equestrian Games Tryon 2018, where an estimated 500,000 spectators will attend during September of TIEC already offers 10 restaurants, 12 riding arenas, onsite cabins, a 50 room Stable House Inn, 42 weeks of competition, and 1,200 permanent stalls. Future expansion includes additional hotels, condos and apartments, more mixed-use retail, visitor center, water park and fitness center.

3 TRYON, NC IS THE PLACE TO BE: Home to Tryon International Equestrian Center which is the host of the FEI World Equestrian Games Tryon 2018 An estimated 500,000 spectators will visit this site during September of Tryon International Equestrian Center opened in June The purpose was to provide a top-notch facility for: equestrian events, show jumping, steeplechase, fox hunting and other family entertainment. The Thermal Belt offers enjoyable year-round climate with 4 seasons of great, temperate weather. Breathtaking views and an active outdoor lifestyle in a casually elegant setting. Year round amenities including: Exceptional Rafting, Hiking Camping, Hunting, Skiing and Fishing.

4 IMPORTANCE AND ECONOMIC IMPACT OF FEI WORLD EQUESTRIAN GAMES TRYON 2018 PROJECTED ECONOMIC IMPACT OF OVER $400,000,000 COULD CATAPULT THIS EVENT INTO HAVING THE TITLE OF THE LARGEST SPORTING EVENT IN NORTH CAROLINA HISTORY. Event will be held at Tryon International Equestrian Center from SEPTEMBER 11TH- 23RD, 2018 PREVIOUS HOST CITIES OF THE EVENT:»» Stockholm, Sweden (1990)»» The Hague, Netherlands (1994)»» Rome, Italy (1998)»» Jerez de le Frontera, Spain (2002)»» Aachen Germany (2006)»» Lexington, Kentucky (2010)»» Normandy, France (2014) ESTIMATED ADDITIONAL $100 MILLION TO BE INVESTED BY TRYON EQUESTRIAN PARTNERS TO PREPARE FOR THE EVENT.

5 WE LOOK FORWARD TO WORKING WITH YOU ON YOUR PARTICULAR NEEDS AND INTERESTS, WHICH COULD INCLUDE:»» Horse Paddocks»» Outparcel users»» Lodging»» Outlet shops»» Horse Farms/ Plantations»» Equine-related goods and services- including agricultural products»» Mixed use/ Retail»» Condos and Apartments»» Mixed use/residential»» Commercial»» Signature local and regional restaurants»» Premium casual food market»» Luxury apparel and resort wear boutiques»» Outdoor lifestyle retailers and outfitters»» Personal health, fitness and nutrition concepts»» Children s apparel, toys and gifts»» Books, music and art galleries»» Medical and Veterinary uses NEARBY AMENITIES Asheville, NC/ Great Smoky Mountains Blue Ridge Parkway Lake Lure TRYON EQUINE PROPERTIES Vineyards and Breweries Vineyards and Breweries Cleghorn Golf and Gun Club Planned Salamander Hotel/ Spa Charlotte, NFL and NBA Professional Sports, Charlotte Motor Speedway, International White-Water Center, NC Hall of Fame, Museums, Arts, Theatres. Greenville, SC Downtown area

6 LOCATION MAP ASHEVILLE (45 MILES) TRYON EQUINE PROPERTIES CHARLOTTE ASHEVILLE REGIONAL / DOUGLAS INTERNATIONAL AIRPORT AIRPORT RUTHERFORD COUNTY AIRPORT CHARLOTTE (75 MILES) CHARLOTTE / DOUGLAS INTERNATIONAL AIRPORT GREENVILLE (40 MILES) GREENVILLE - SPARTANBURG INTERNATIONAL AIRPORT

7 PROPERTY MAP: TRYON EQUINE PROPERTIES FOREST CITY /- ACRES TRYON INTERNATIONAL EQUESTRIAN CENTER

8 TRYON EQUINE PROPERTIES Parcel ID Acreage Project Names P Part Tryon Crossing and All of Tryon Meadows P Tryon Crossing P Tryon Crossing P Part of Tryon Riverside and Tryon Acres P Part of Tryon Riverside and Tryon Acres P Part of Tryon Riverside P Part of Tryon Trails P Part of Tryon Trails P Part of Tryon Trails Tryon Gate Forest City Forest City P Acre Outparcel P Acre Outparcel P Acre Outparcel Total Acres Currently Listed

9 THROUGHOUT THE YEAR, THE TIEC HOSTS A WIDE VARIETY OF EVENTS THAT APPEALS TO ALL INTERESTS INCLUDING LIVE MUSIC CONCERTS, DINING EXPERIENCES AND MUCH MORE! WELCOME SERIES March/April - 10 Events SPRING SERIES May/June - 7 Events SUMMER SERIES June/July - 8 Events FALL SERIES FEI World Equestrian Games, various other events WINTER SERIES November/ December - 8 events including culinary dining, events with Santa and New Years Eve Celebration.

10 INFRASTRUCTURE & TRANSPORTATION CHARLOTTE TO TRYON 75 MILES AIRPORTS: CHARLOTTE DOUGLAS INTERNATIONAL Over the last 20 years, the presence and growth of Charlotte Douglas International Airport (CLT), and its airline hub, has resulted in CLT becoming one of the busiest airports in the U.S. Charlotte Douglas International Airport is one of the nation s 10 busiest airports. The growth has been remarkable, increasing from 28 million total passengers in 2005, to 48.9 million total passengers in 2017.»» Fifth busiest in North America by total aircraft movements»» Sixth busiest in the world by total aircraft movements»» Ninth busiest in North America by total passengers»» 27th busiest worldwide by total passengers»» 33rd busiest in North America by cargo»» Major Airlines: 9»» Number of daily flights: Over 700»» Nonstop service to 160 destinations, including 33 international destinations. AIRPORTS: GREENVILLE SPARTANBURG INTERNATIONAL Greenville Spartanburg International Airport is South Carolina s second busiest airport, serving more than 2 million passengers each year. Located near Greer, South Carolina midway between the major cities of the Upstate. GSP recently underwent major renovations to its terminals, parking and public areas.»» Second busiest airport in South Carolina»» Nearly 30,000 tons of freight are loaded off and on planes at GSP every year»» Major Airlines: 5»» Number of daily flights: 50 non stop daily departures»» Direct service to 14 destinations, including 15 major airports across the U.S.

11 AIRPORTS: ASHEVILLE REGIONAL Asheville Regional Airport is located near Interstate 26. AVL is currently undergoing several renovations to its runways, taxiways and surrounding land. A 5 story parking garage is being built to service the overnight passengers.»» Welcoming gateway to and from Western North Carolina»» October 2017 was the busiest month in history at AVL totaling 102,095 passengers»» Major Airlines: 3 HIGHWAYS & ROADS North Carolina s extensive system of roads, highways, bridges, airports and rail lines provides the state s residents, visitors and businesses with a high level of mobility. This transportation system forms the backbone that supports the state s economy. North Carolina s surface transportation system enables the state s residents and visitors to travel to work and school, visit family and friends, and frequent tourist and recreation attractions while providing its businesses with reliable access to customers, materials, suppliers and employees. More than nine million people currently live in North Carolina. By 2030, the state s population is expected to grow to 12 million, making North Carolina the seventh most populated state in the nation.

12 LOCATION, ACCESS & TRANSPORTATION One of the more influential drivers of Charlotte, Greenville and Asheville s tremendous growth over the past several years has been the cities excellent transportation system. Charlotte and Greenville s immediate access to several major U.S. interstates further enhances the cities accessibility and transportation qualities. I-77 and I-85 run north south through Charlotte and Greenville, connecting Charlotte to the Southeast. I-40 runs east west about 40 miles north of the city, connecting the Charlotte region to the entire southern half of the United States. I-277 and I-485 are Charlotte s inner LOCATION, and ACCESS outer & TRANSPORTATION beltways, respectively. One of the more influential drivers of Charlotte, Greenville and Asheville s tremendous growth over the past several years has been the cities excellent transportation system. Charlotte and Greenville s immediate access to several major U.S. interstates further enhances the cities accessibility and transportation qualities. I-77 and I-85 run north south through Charlotte and Greenville, connecting Charlotte to the Southeast. I-40 runs east west about 40 miles north of the city, connecting the Charlotte region to the entire southern half of the United States. I-277 and I-485 are Charlotte s inner and outer beltways, respectively. Hong Kong Seattle, WA 2.5 DAYS 5 DAYS London Dubai New York, NY 1 DAY 500 miles 2 DAYS Los Angeles, CA 2.5 DAYS Asheville, NC TRYON, NC Charlotte, NC Greenville, SC 4.5 DAYS by Air Mexico City 3 DAYS 5 DAYS by Sea by Rail by Road

13 TIMELINE OF MAJOR PURCHASES/MILESTONES BY WELLINGTON EQUESTRIAN PARTNERS & TRYON EQUESTRIAN PARTNERS NOVEMBER 2016: TEP successfully attracts 2018 FEI WORLD EQUESTRIAN GAMES APRIL 2016: Wellington Equestrian Partners (WEP) purchases International Polo Club in Wellington at $72 MM for 248 acres ($290,323/ acre) APRIL 2016: Tryon Equestrian Partners (TEP) purchases the Cleghorn Golf and Country Club JUNE 2015: TEP purchases the Lodge on Lake Lure JUNE 2014: Tryon International Equestrian Center is opened TEP HAS ACQUIRED A 160,000 SF MANUFACTURING PLANT FOR MODULAR BUILDING SYSTEMS AND CREATED AN ON-SITE CONCRETE PLANT AT TRYON RESORT.

14 FOR ADDITIONAL INFORMATION, PLEASE CONTACT: KATHERINE SOUTHARD CBRE, Inc. Licensed Real Estate Broker 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. PMStudio_June.2018