Sun WEDDING CHAPEL, LOUNGE/NIGHTCLUB, EVENT/BANQUET CENTER, HOTEL & RESTAURANT. Value-Add Mixed Use Property Investment or Owner/User Opportunity

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1 WEDDING CHAPEL, LOUNGE/NIGHTCLUB, EVENT/BANQUET CENTER, HOTEL & RESTAURANT Sun Value-Add Mixed Use Property Investment or Owner/User Opportunity Commercial Real Estate, Inc. Las Vegas Boulevard South, Las Vegas, Nevada 94

2 Offering Memorandum Contact Team Cathy Jones, CPA, SIOR, CCIM CEO Anders Graciano Senior Associate Jessica Cegavske Vice President Taylor Vasquez Associate Roy Fritz Senior Vice President Exclusively listed by: Sun Commercial Real Estate, Inc. 6 Brent Thurman Way, Suite, Las Vegas, Nevada Ph Fax

3 3 Offering Memorandum Confidentiality & Disclosure SUN COMMERCIAL REAL ESTATE, INC. (the Broker ) has been retained on an exclusive basis to market the property described herein (the Property ). Broker has been authorized by the Seller of the Property (the Seller ) to prepare and distribute the enclosed information (the Material ) for the purpose of soliciting offers to purchase from interested parties. More detailed financial, title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and a prospective purchaser. You are invited to review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to open negotiations with you, you will be asked to provide financial references. The eventual purchaser will be chosen based upon an assessment of price, terms, ability to close the transaction and such other matters as the Seller deems appropriate. The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition of the Property. The Material is not to be copied and/or used for any other purpose or made available to any other person without the express written consent of Broker or Seller. The Material does not purport to be all-inclusive or to contain all of the information that a prospective buyer may require. The information contained in the Material has been obtained from the Seller and other sources and has not been verified by the Seller or its affiliates. The pro forma is delivered only as an accommodation and neither the Seller, Broker, nor any of their respective affiliates, agents, representatives, employees, parents, subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation or warranty regarding such pro forma. Purchaser must make its own investigation of the Property and any existing or available financing, and must independently confirm the accuracy of the projections contained in the pro forma. Seller reserves the right, for any reason, to withdraw the Property from the market. Seller has no obligation, express or implied, to accept any offer. Further, Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto. Property walk-throughs are to be conducted by appointment only. Contact Broker for additional information. Cathy Jones, CPA, SIOR, CCIM CEO cathyj@suncommercialre.com

4 4 Offering Memorandum Table of Contents Property Overview Section Investment Summary - Owner/User Proposed Area Development Surrounding Aerial Map Investment Summary - Sale/Leaseback Lease Abstract - Proposed Tenant Overview Property Summary Property Photos Location Overview Section Assessor Parcel Map Las Vegas Valley Location Map Las Vegas Retail Market Review Area Demographics Las Vegas Highlights & Overview Section 3

5 Offering Memorandum Investment Summary - Owner/User THE OFFERING The Investment Services Group at Sun Commercial Real Estate has been exclusively retained to offer qualified investors the opportunity to acquire a mixed-use retail opportunity on Las Vegas Boulevard, consisting of a 6,000 SF 3 story Hotel, 3,000 SF Wedding Chapel, 6,0 SF Event Center and,0 SF Restaurant totaling ± 3,000 square foot. The Property is situated on.64 acres on Las Vegas Boulevard just south of Charleston Boulevard having the civic address of Las Vegas Boulevard, Las Vegas, NV 94. The offering is an Owner/User opportunity. INVESTMENT HIGHLIGHTS Prime Las Vegas Strip Location One of Las Vegas longest running and most famous Wedding Chapels that includes both indoor and outdoor venues. Stunning 6,0 SF Event & Banquet Center built in 3 and seats 40 people. The facility comes with a full bar and kitchen, and has a stage area big enough for shows and cabarets. The facility would be excellent for a nightclub and lounge as well. 6,000 square feet 7 room hotel that could again serve as a hotel to the event center, currently being used for the wedding chapel, offices, call center and storage.,0 SF very popular newly renovated Thai Cuisine Restaurant. The restaurant has 3 years left on their current lease paying $. PSF/month which is below market rent. The lease includes 3% yearly rent increases and one year extension. Future Development Opportunity with Possible Entitlements for a High-Rise Gaming Hotel SUMMARY Asking Price: Total Building Area: Total Land: $6,49,000 APN: ± 3,000 SF Price per SF: $ ±.64 Acres Zoning: C- (General Commercial)

6 6 Offering Memorandum Proposed Area Development - Owner/User 0 PLANS - VIVA LAS VEGAS 4 room, 4 story hotel and wedding chapel 4 S. LAS VEGAS BOULEVARD New Retail Project

7 7 Offering Memorandum Proposed Area Development - Owner/User S. LAS VEGAS BOULEVARD Proposed Apartment & Retail Project In May 7 the Las Vegas Planning Commission approved plans to develop a -story, 370-unit apartment building at the site adjacent to the Subject Property. The tower, which would include 6,000 square feet of retail space, would be called Thunderbird Lofts.

8 Offering Memorandum Surrounding Aerial Map - Owner/User MANDALAY BAY WYNN/ENCORE TREASURE ISLAND RIO PALMS LAS VEGAS CONVENTION CENTER WESTGATE HILTON GRAND VACATIONS SLS HILTON GRAND VACATIONS CIRCUS CIRCUS PALACE STATION SAHARA AVENUE STRATOSPHERE LAS VEGAS BOULEVARD SUBJECT PROPERTY CHARLESTON BOULEVARD

9 9 Offering Memorandum Investment Summary - Sale/Leaseback THE OFFERING The Investment Services Group at Sun Commercial Real Estate has been exclusively retained to offer qualified investors the opportunity to acquire a mixed-use retail opportunity on Las Vegas Boulevard, consisting of a 6,000 SF 3 story Hotel, 3,000 SF Wedding Chapel, 6,0 SF Event Center and,0 SF Restaurant totaling ± 3,000 square foot. The Property is situated on.64 acres on Las Vegas Boulevard just south of Charleston Boulevard having the civic address of Las Vegas Boulevard, Las Vegas, NV 94. The offering is an Investment opportunity. INVESTMENT HIGHLIGHTS Prime Las Vegas Strip Location Stable Income Producing Property with a Year Operating history Year Sale-Leaseback Term Two (%) Percent Annual Rental Increases Below Market Rent Structure starting at only $0.9 PSF Provides Safety of Income SUMMARY Asking Price: In-Place NOI: First Year Cap Rate: $6,49,000 APN: $34,000 Total Building Area: ± 3,000 SF.6% Price per SF: $ Firm Lease Term: Years Total Land: ±.64 Acres Annual Increases: % Zoning: C- (General Commercial)

10 Offering Memorandum Lease Abstract - Proposed - Sale/Leaseback LEASE SUMMARY Tenant Trade Name: Ownership: Tenant: Guarantor: Lease Type: Landlord Responsibilities: Decar Enterprise LLC Private Decar Enterprise LLC Personal Absolute NNN None Monthly Base Rent: $,0 PSF Base Rent: $0.9 PSF Square Footage: ± 3,000 Lease Term: Lease Commencement: Years from COE Close of Escrow Annual Increases: % Options: Two year at FMV

11 Offering Memorandum Tenant Overview - Sale/Leaseback Decar Enterprises LLC consists of an event center and a wedding chapel. The event center is a beautiful 6,000 square foot venue located right on the Las Vegas Strip between the Stratosphere Hotel and the Fremont Street Experience, making it the ideal spot for the convenience of your private party. They specialize in exquisite wedding receptions but also welcome everything from private parties to Sorority & Fraternity functions. With its versatile performance space and state-of-the-art multi-media capability, The Event Center s striking banquet hall is both intimate and spacious, with elegant seating for groups up to 300 people. The is an iconic Las Vegas land mark with more than years of experience in the industry. Their weddings are famous for their attention to detail in an unprecedented atmosphere with a large variety of accommodations and wedding packages to make certain the big day is an experience that won t be forgotten. In addition, the business has a commanding online presence in part due to a large social media following but also through ownership of the highly valuable domain HEADQUARTERS Las Vegas, Nevada Las Vegas Boulevard South Las Vegas, Nevada, 94 Phone: Elvis Wedding Halloween Wedding Egyptian Wedding s Wedding

12 Offering Memorandum Property Summary Property Location: Property Description: Assessor Parcel Number: Site Size: Building Size: Zoning: Parking Area: Construction Year: Renovation: Traffic Counts: The Property is located at the southeast corner of S. Las Vegas Boulevard and Park Paseo, having the civic address of Las Vegas Boulevard South. The property is less than a mile east of the I- on/off ramp at Charleston Boulevard, providing easy access to McCarran International Airport, the Las Vegas Strip and the Beltway. This Property consists of a 3 story multi-tenant mixed used property that includes; 6,000 SF 3 story Hotel, 3,000 SF Wedding Chapel, 6,0 SF Event and Banquet Center and,0 SF Restaurant built in 9 and totals +/- 3,000 square feet on a.64 acre lot. The property has excellent street exposure on Las Vegas Boulevard offering 7 feet of frontage and traffic count of over 6,000 cars per day ±.64 Acres ± 3,000 SF C- (General Commercial - City of Las Vegas) 74 Surface Parking Spaces - Ratio ±.39 /,000 9 The Event and Banquet Center was fully renovated in 3 including bar and kitchen On S. Las Vegas Boulevard, S. of Charleston Boulevard: ±6,000 CPD

13 3 Offering Memorandum Property Photos

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18 70 70 Offering Memorandum Assessor Parcel Map NOTES NOTES No This liability map is is for assumed assessment for the use accuracy only and of does the NOT data deliniated represent a herein. survey. 4 4 Information on roads and other non-assessed parcels may be obtained PARCEL BOUNDARY CONDOMINIUM UNIT ROAD PARCEL NUMBER 4 3 SUB BOUNDARY Michele W. Shafe - Assessor 7 9 from No liability the Road is assumed Document for the Listing accuracy in the of Assessor's the data deliniated Office. herein. AIR SPACE PCL 00 PARCEL NUMER PM/LD Information on roads and other non-assessed parcels may be obtained PARCEL BOUNDARY CONDOMINIUM RIGHT OF WAY UNIT.00 ACREAGE PCL 00 ROAD PARCEL NUMBER SUB ROAD BOUNDARY EASEMENT This from map the Road is compiled Document from Listing official in records, the Assessor's including Office. surveys and deeds, AIR SPACE PCL 00 PARCEL NUMER 7 9 MATCH / LEADER LINE SUB-SURFACE PCL PARCEL SUB/SEQ NUMBER3 39 PM/LD BOUNDARY 7 6 but only contains the information required for assessment. See the RIGHT OF WAY PCL.00 ACREAGE HISTORIC LOT LINE PLAT RECORDING NUMBER 6 PB ROAD EASEMENT 9 recorded documents for more detailed legal information This map is compiled from official records, including surveys and deeds, MATCH HISTORIC / LEADER SUB LINE BOUNDARYSUB-SURFACE PCL PARCEL SUB/SEQ NUMBER BLOCK NUMBER 4 4 but only USE contains THIS SCALE(FEET) the information WHEN MAP required REDUCED for FROM assessment. X7 ORIGINAL See the HISTORIC LOT PM/LD LINE BOUNDARY PB 4-4 PLAT RECORDING NUMBER recorded documents for more detailed legal information. LOT NUMBER HISTORIC SECTION SUB LINE BOUNDARY Scale: " = 0' /9/7 0 GL BLOCK GOV. NUMBER LOT NUMBER Rev: 4 4 USE THIS SCALE(FEET) WHEN MAP REDUCED FROM X7 ORIGINAL HISTORIC PM/LD BOUNDARY LOT NUMBER SECTION LINE PT R= Scale: " = 0' /9/7 0 GL GOV. LOT NUMBER Rev: : VAC 4: > E PT > E CHARLESTON E R= : VAC 4:634 BLVD " > E > E CHARLESTON E BLVD 0 0 R= R= R=4 9.7 " R= R= AQUARIUS PLAZA D 4 PM. R= R=4 9.7 R= 40 R= R= C AQUARIUS D 4 PM PB 7-77 PLAZA C LAS VEGAS/ (PTA) PB PT CHARLESTON LAS VEGAS/ (PTA) PT CHARLESTON PB E PB PB E PT (PTA) PB PT (PTA) BECKLEY VAC 4: SUBD 0 BECKLEY BOULDER ADDITION SUBD PARK PLACE ADDITION 4 07 BOULDER ADDITION I H G PARK PLACE ADDITION 6 PM H G I PM PB PB PT PT PB PT PB -4 PT PT R= PT 034 PT PT R= AMENDED LOT J PT PB PT3 0 I 06 PT PT 009 AMENDED LOT J PT3 0 3 PB PB PARK PARK I 06 PT3 0 PLACE ADDITION PB PARK PLACE PT PARK PT 00 PLACE ADDITION PT PLACE PT9.64 PT ADDITION PT PT REPLAT 003 K ADDITION PT PT PT 3 J PT6 PT L PT 3 PT PT REPLAT K PT 3 PT 3 J PT6 PT PT PT L PT PT PT 03 PT PB SUBJECT PROPERTY PT PT 03 PT PB - 4. PT 4 PT PT PT PT PT 4 PT PT PT PT PT 0 4. PT PT PT9PT9 PT PT3 PT PT 0 36 PT PT M PT9PT9 PT PT 9 0 PT PT PT3 PT PT 04 N M PT 6 PB -69 PT PT PT PB -69 PT 6 PT3 06 PT N PT PT PT HOP PT (A COMMERCIAL HOP PT PT (A COMMERCIAL PT 4 06 SUBDIVISION) PT SUBDIVISION) PT 7 3 PB PB PT PT 7 PT6 PT PT PT PT6 PT DESERT PARK DESERT PARK This map is for assessment use only and does NOT represent a survey COMMERCE ST COMMERCE ST R= R= MAIN ST COLORADO ST CALIFORNIA ST CASINO CENTER BLVD 06:96 VAC 064:439 VAC 064:439 VAC 064: MAIN ST COLORADO ST CALIFORNIA ST MAP LEGEND MAP LEGEND 70.0 CASINO CENTER BLVD ASSESSOR'S PARCELS - CLARK CO., NV. Michele W. Shafe - Assessor ASSESSOR'S PARCELS - CLARK CO., NV. 06:96 0 VAC 064:439 VAC 064:439 VAC 064: THIRD ST THIRD ST VAC 4:300 VAC 4: VAC 7:7043 VAC 7:7043 VAC 099: VAC 099: VAC 9903: VAC 7:7043 VAC 7: VAC 9903: FOURTH ST FOURTH ST VAC BOOK VAC TS R6E 3 N NW TS R6E 3 N NW BOOK LAS VEGAS BLVD SOUTH LAS VEGAS BLVD SOUTH SEC SEC PARK PASEO PARK PASEO MAP MAP FIFTH PL FIFTH PL SIXTH ST SIXTH ST VAC 4:066 3 TAX DIST TAX DIST 0,3 0,

19 9 Offering Memorandum Las Vegas Valley Location Map

20 Offering Memorandum Las Vegas Retail Market Review General Retail Market Statistics First Quarter Existing Inventory Vacancy YTD Net YTD Under Quoted Market # Blds Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Central East Las Vegas Ret 64,94,4 33, ,6.4% (4,) 0 0 $3.4 Central West Las Vegas Ret 704 6,,64 3,73 3,73.% (,03) 9,000 7,0 $6.67 East Las Vegas Ret 30,0,303 3,9 3,9.% (4) 0 90,000 $.4 North Las Vegas Ret 6,3,7 4,7 4,7.3%,,6 6,96 $9.66 Northeast Las Vegas Ret 466,749,34 67, 74,.0% (6,03) 0 0 $6.6 Northwest Las Vegas Ret,,94,344,344.6% (7,06) 3,344 4,0 $4. Outlying NE Clark Cnty Ret 79 93,3 36,69 36,69 3.9% $. Outlying NW Clark Cnty Ret 3, % $0.00 Outlying S Clark Cnty Ret 3 7, % $0.00 Resort Corridor Ret 37 3,639,779,7,7 4.3% (4,7) 0 0 $. Southeast Las Vegas Ret 30,073,77 36,799 39,3.7% 4,64,400 94,0 $9.49 Southwest Las Vegas Ret 3,73,393 9,00 64,949.4% 4,94,07 9,366 $9.7 West Las Vegas Ret 0,39,9 46,3 46,3.% () 0 0 $30.97 Totals 3,946 34,747,670,74,43,393,73 4.0% (9,430),07 439,6 $. Source: CoStar Property Shopping Center Market Statistics First Quarter Existing Inventory Vacancy YTD Net YTD Under Quoted Market # Ctrs Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Central East Las Vegas Ret 6,994,064 79,94 97,34 4.% (4,93) 0 0 $4. Central West Las Vegas Ret 0 9,0, 79,7,9 9.4% (9,0) 0 0 $4. East Las Vegas Ret 6,,033,9 3,79.% (6,79) 0 0 $6.3 North Las Vegas Ret 74,646, 404, 46,77.3% 9,94 0,000 $3.9 Northeast Las Vegas Ret 9 3,64,7 34,6 373,334.% (7,9) 0 0 $4. Northwest Las Vegas Ret 3,746,433 67,909 70, 7.% 9,793 6,0 3,7 $. Outlying NE Clark Cnty Ret 49,7 63, 63, 3.% (9,47) 0 0 $4.6 Outlying NW Clark Cnty Ret % $0.00 Outlying S Clark Cnty Ret 3 46,96,3,3 37.% (4,3) 0 0 $.0 Resort Corridor Ret 46,4,49,49 4.3%, 0 0 $30.04 Southeast Las Vegas Ret 3,99,944,,373,7,47.7%,664 6,943,000 $6.67 Southwest Las Vegas Ret 3,93, 7,49 7,49 7.0% 39,04 0 6,940 $9. West Las Vegas Ret 4,,94 369,94 369,94 7.7% 6, $.4 Totals,07 3,37,4 4,0,96,,093 9.% 4,4 9,43,66 $.90 Source: CoStar Property Mall Market Statistics First Quarter Existing Inventory Vacancy YTD Net YTD Under Quoted Market # Ctrs Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Central East Las Vegas Ret,74,37,7,7 7.7% $.6 Central West Las Vegas Ret 970,304 9,6 9,6.0% 4,7 0 0 $0.00 East Las Vegas Ret % $0.00 North Las Vegas Ret % $0.00 Northeast Las Vegas Ret % $0.00 Northwest Las Vegas Ret % $0.00 Outlying NE Clark Cnty Ret % $0.00 Outlying NW Clark Cnty Ret % $0.00 Outlying S Clark Cnty Ret % $0.00 Resort Corridor Ret 3,9, % $0.00 Southeast Las Vegas Ret 3,0, 46,09 46,09.9% (,4) 0 0 $4. Southwest Las Vegas Ret % $0.00 West Las Vegas Ret 3,7,46 9,373 9,373.4% (3,) 0 0 $7.00 Totals 9,43,74 364, , % 9, $.40 Source: CoStar Property Specialty Center Market Statistics First Quarter Existing Inventory Vacancy YTD Net YTD Under Quoted Market # Ctrs Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Central East Las Vegas Ret, % $0.00 Central West Las Vegas Ret 4, % $0.00 East Las Vegas Ret, % $0.00 North Las Vegas Ret % $0.00 Northeast Las Vegas Ret % $0.00 Northwest Las Vegas Ret % $0.00 Outlying NE Clark Cnty Ret % $0.00 Outlying NW Clark Cnty Ret % $0.00 Outlying S Clark Cnty Ret 6,07 4,93 4,93 7.7%, $30.4 Resort Corridor Ret 3,94,07 43,6 43,6.0% $.90 Southeast Las Vegas Ret 9,4 7,4 7,4 9.7%, $6.43 Southwest Las Vegas Ret % $0.00 West Las Vegas Ret 74,069 4,9 4,9 6.6% $9.0 Totals,99, 4,307 4,307.6%, $.97 Source: CoStar Property Power Center Market Statistics First Quarter Existing Inventory Vacancy YTD Net YTD Under Quoted Market # Ctrs Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Central East Las Vegas Ret 6,094 9, 9, 9.% 9, $. Central West Las Vegas Ret,04, 3,79 3,79.0% (64,976) 0 0 $0.00 East Las Vegas Ret 944, 4,09 4,09 4.% (,0) 0 0 $4.66 North Las Vegas Ret,,99 47,964 47,964.%, 0 0 $9.7 Northeast Las Vegas Ret 3,4 4,000 4,000.% $0.00 Northwest Las Vegas Ret 3,30, 7,7 7,7 4.4% $4.96 Outlying NE Clark Cnty Ret % $0.00 Outlying NW Clark Cnty Ret % $0.00 Outlying S Clark Cnty Ret % $0.00 Resort Corridor Ret 99,06 49,993 49,993.6% (9,4) 0 0 $30.30 Southeast Las Vegas Ret,47,96,74,74.7% $7.4 Southwest Las Vegas Ret 4 4,33,999 7,4,4.7% (3,0) 0 0 $.74 West Las Vegas Ret 4,0,0 0,3 0,3.0% (,9) 0 0 $.3 Totals,34,349,69 3,69.3% (67,776) 0 0 $.4 Source: CoStar Property Total Retail Market Statistics First Quarter Existing Inventory Vacancy YTD Net YTD Under Quoted Market # Blds Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Central East Las Vegas Ret,0,3,76,47,993,700,90.7% (9,9) 0 0 $4.3 Central West Las Vegas Ret,4 7,,97,06,306,076,70 6.% (,69) 9,000 7,0 $4.73 East Las Vegas Ret 46,70,94 76,9 7,409.% (,3) 0 90,000 $6.99 North Las Vegas Ret 630 9,306,73 94,039 67,9 7.%,936,6,96 $. Northeast Las Vegas Ret 69 6,74,0 96,4 6,6 9.7% (63,93) 0 0 $. Northwest Las Vegas Ret 394 6,63,4 33,97 36,6.%,777 6,44, $9.3 Outlying NE Clark Cnty Ret 0,4, 0,39 0,39 7.% (9,) 0 0 $3.64 Outlying NW Clark Cnty Ret 3, % $0.00 Outlying S Clark Cnty Ret 3,9 3, 3,.% 3,7 0 0 $.3 Resort Corridor Ret 33 9,7, ,7 467,7.% (3,9) 0 0 $6. Southeast Las Vegas Ret,79,374,33,449,9,76, %,906 3,343 9,0 $7. Southwest Las Vegas Ret 666,7,94 44,7 4,440 4.% 40,96,07 6,306 $.7 West Las Vegas Ret 40,34,79 69,6 69,6 6.0% (,) 0 0 $9.6 Totals 7,463,7,037 7,7,077,04, 6.9% (3,997) 47,70,7 $6.0 Source: CoStar Property

21 Offering Memorandum Area Demographics ( Mile Radius) Summary Census 7 Population 6,9 7,96,977 Households,993 6,374 6, Families,3,4,64 Average Household Size..7. Owner Occupied Housing Units,44,4,3 Renter Occupied Housing Units 4, 4,96,3 Median Age Trends: 7 - Annual Rate Area State National Population.6%.% 0.3% Households.39%.40% 0.79% Families.3%.36% 0.7% Owner HHs.3%.39% 0.7% Median Household Income 0.4%.4%.% 7 Households by Income Number Percent Number Percent <$,000,9 9.6%,03 30.% $,000 - $4,999,0 6.%,09 6.0% $,000 - $34, % 3.9% $3,000 - $49, % 74.% $,000 - $74, % 779.4% $7,000 - $99, % 46 7.% $0,000 - $49, % 406.9% $,000 - $99,999.% 4.% $0, % 4.7% Median Household Income $7,49 $7,444 Average Household Income $4,003 $4,964 Per Capita Income $7,349 $,77 Census 7 Population by Age Number Percent Number Percent Number Percent % % 79 4.% % % % % 6 3.% 66 3.% % 907.% % - 4,397.3%,64.7%,0.4% - 34, 7.%,93 6.4% 3,3 6.% 3-44,7 6.3%, %,676 4.% 4-4, 7.%,794.6%,64 4.% - 64,70.9%,476 3.%,63 3.% 6-74,47 6.%,6 9.%,0.7% % % 90 4.% + 9.% 34.3% 3.3% Census 7 Race and Ethnicity Number Percent Number Percent Number Percent White Alone,94 3.%,4 49.3%,6 46.7% Black Alone,7 6.% 3,43 7.% 3,40 7.9% American Indian Alone 6.% 99.%.% Asian Alone,37.%,47.6%,77 9.3% Pacific Islander Alone 6 0.6% 0.6% 0.6% Some Other Race Alone,79 6.% 3,96 7.% 3,66 9.3% Two or More Races % 0 4.9% 97.% Hispanic Origin (Any Race) 6,07 36.% 7,0 39.% 7,3 4.4% Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census Summary File. Esri forecasts for 7 and. Trends 7- Annual Rate (in percent) Population Households Families Owner HHs Median HH Income Population by Age Percent Household Income $K - $4K 6.% <$K 9.6% $0K+.6% $K - $99K $K - $34K.% 3.7% $0K - $49K 4.% $7K - $99K 6.% $3K - $49K 3.4% $K - $74K.6% Source: U.S. Census Bureau, Census Summary File. Esri forecasts for 7 and. 7 Population by Race Percent Area State USA White Black Am. Ind. Asian Pacific Other Two+ 7 Percent Hispanic Origin: 39.% September 3, 7 7 Esri Page of 6

22 Offering Memorandum Area Demographics (3 Mile Radius) Summary Census 7 Population 69,640 79,0 9, Households 6,679 6, 69,77 Families 3,7 33,76 3,4 Average Household Size Owner Occupied Housing Units,6 9,47,39 Renter Occupied Housing Units 4,73 46,03 49,6 Median Age Trends: 7 - Annual Rate Area State National Population.%.% 0.3% Households.%.40% 0.79% Families.0%.36% 0.7% Owner HHs 0.94%.39% 0.7% Median Household Income 0.44%.4%.% 7 Households by Income Number Percent Number Percent <$,000,6 3.% 6,97 3.4% $,000 - $4,999,30 7.%,93 6.7% $,000 - $34,999,3.9%, % $3,000 - $49,999,.6%,9 4.% $,000 - $74,999, %,.% $7,000 - $99,999 4,33 6.6%, % $0,000 - $49,999 3,.0% 4,44 6.4% $,000 - $99,999,030.6%,334.9% $0,000+,074.6%,3.9% Median Household Income $30,7 $30,949 Average Household Income $44,40 $49,47 Per Capita Income $7,37 $9,3 Census 7 Population by Age Number Percent Number Percent Number Percent 0-4,6 7.6%, 7.0% 3,6 7.0% - 9, %, 6.4%,4 6.% - 4,39 6.%,4.9%,06.% - 9,047 6.%,4.9%,044.% - 4, 7.% 3, 7.4% 3, % - 34, 4.9% 6,6 4.9%,00 4.% ,7 4.% 3,9 3.0% 4,6 3.0% 4-4 3, %,94.%,67.9% ,76.3%,90.%,44.0% 6-74, 6.%,97.9%,66 9.% 7-4 6,3 3.7% 7,4 4.% 9,3.0% +,990.%,6.%,.% Census 7 Race and Ethnicity Number Percent Number Percent Number Percent White Alone, % 0,0 44.7% 0,6 4.% Black Alone 6,00.3% 9,09 6.3% 3,46 6.6% American Indian Alone,7 0.9%,69 0.9%,76 0.9% Asian Alone 9,643.7%,070 6.%, % Pacific Islander Alone 96 0.% %,0 0.6% Some Other Race Alone 4,439.0% 47,40 6.6% 3,3.0% Two or More Races 7,69 4.%,6 4.% 9,469.0% Hispanic Origin (Any Race), 47.9% 9,90.3% 9,30.9% Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census Summary File. Esri forecasts for 7 and. Trends 7- Annual Rate (in percent) Population Households Families Owner HHs Median HH Income Population by Age Percent Household Income $K - $34K.9% $K - $4K 7.% $3K - $49K.6% $K - $74K 3.3% <$K 3.% $0K+.6% $K - $99K.6% $0K - $49K.0% $7K - $99K 6.6% Source: U.S. Census Bureau, Census Summary File. Esri forecasts for 7 and. 7 Population by Race Percent Area State USA White Black Am. Ind. Asian Pacific Other Two+ 7 Percent Hispanic Origin:.3% September 3, 7 7 Esri Page 4 of 6

23 3 Offering Memorandum Area Demographics ( Mile Radius) Summary Census 7 Population 496,97 3,776 66,33 Households 74,6 3,397 94,4 Families 3,300 7,7 3,496 Average Household Size Owner Occupied Housing Units 67,699 64,97 6,097 Renter Occupied Housing Units 6,7,4 6,407 Median Age Trends: 7 - Annual Rate Area State National Population.6%.% 0.3% Households.%.40% 0.79% Families.0%.36% 0.7% Owner HHs 0.96%.39% 0.7% Median Household Income 0.40%.4%.% 7 Households by Income Number Percent Number Percent <$,000 33,79.4% 36,49.7% $,000 - $4,999 9,37 6.0% 30,376.6% $,000 - $34,999,.6%,9 4.% $3,000 - $49,999 3,33 7.% 3,9 6.% $,000 - $74,999 9,0.9%, % $7,000 - $99,999,039.%,6 9.6% $0,000 - $49,999,.6% 3,69 7.0% $,000 - $99,999 3,40.% 4,7.% $0,000+,64.4% 3,.7% Median Household Income $3,006 $3,7 Average Household Income $47,637 $, Per Capita Income $7,9 $,64 Census 7 Population by Age Number Percent Number Percent Number Percent ,69.% 40, % 43,44 7.7% , 7.4% 37,0 7.% 39,4 7.0% ,673 6.% 34,49 6.6% 36,964 6.% - 9 3,03 7.% 34,76 6.% 36, 6.4% , % 40, % 4,36 7.3% ,63.%,390.% 7,9.4% ,7 4.0% 69,44 3.0% 74,37 3.% , % 64,444.% 64,0.3% ,977.% 7,74.9% 6,3.% ,749 6.% 4,0 7.9% 4,639.6% 7-4 6,6 3.3% 9,6 3.7% 4, % +,39.% 7,00.3% 7,74.4% Census 7 Race and Ethnicity Number Percent Number Percent Number Percent White Alone 4,43 4.% 40,74 4.3% 4,6 4.6% Black Alone 66,6 3.% 76, 4.3% 3,6 4.7% American Indian Alone 4,36 0.9% 4, % 4,7 0.9% Asian Alone 7,6.6% 3,69 6.0% 36,6 6.% Pacific Islander Alone, % 3,3 0.6% 3, % Some Other Race Alone,9.9% 47, 7.% 67,06 9.% Two or More Races 3,77 4.% 7,.% 9,70.3% Hispanic Origin (Any Race) 49,746.3%,9 3.% 3,640.0% Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census Summary File. Esri forecasts for 7 and. Trends 7- Annual Rate (in percent) Population Households Families Owner HHs Median HH Income Population by Age Percent Household Income $K - $34K.6% $3K - $49K 7.% $K - $4K 6.0% $K - $74K.9% <$K.4% $0K+.4% $K - $99K.% $0K - $49K.6% $7K - $99K.% Source: U.S. Census Bureau, Census Summary File. Esri forecasts for 7 and. Area State USA 7 7 Population by Race White Black Am. Ind. Asian Pacific Other Two+ Percent 7 Percent Hispanic Origin: 3.% September 3, 7 7 Esri Page 6 of 6

24 4 Offering Memorandum Las Vegas Highlights A Record 4. million people visited Las Vegas in 7. Las Vegas hosts an average of,000 wedding ceremonies each month, that s over 300 Weddings a day. Source: The T-Mobile Arena opened its doors in April 6. At the cost of $37 million, this area has a total square footage of 6,00 and has a seating capacity of,000. After a 3- approval vote to move to Las Vegas, the Oakland Raiders recently closed on a 6-acre parcel adjacent to the Las Vegas Strip that will house the new $.9 billion stadium set to open in. With the $70 million 3,000 square foot expansion of Mandalay Bay Convention Center completed, it now has more than million total square feet. This moved its ranking to fifth in total square footage in North America. The Las Vegas Convention Center is undergoing a $.4 billion 0,000 square foot expansion/renovation project to advance the tourism industry in Southern Nevada by providing a state-of-the-art facility. University of Nevada, Las Vegas has increased their student enrollment numbers in 7 to 30,47, up.6% from previous year. Project Neon is Nevada s largest and most expensive public works project holding a price tag of $ billion. This 3.7 mile long widening of Interstate from U.S. 9 interchange to Sahara Avenue project will be completed in summer of 9. Las Vegas first NHL team will be known as the Vegas Golden Knights and begin play in the 7- season at the T-Mobile Arena. Las Vegas has approved a United Soccer League team and it will be called the Las Vegas Lights Football Club. They will begin play at Cashman Field during the season.

25 Offering Memorandum Las Vegas Overview (con t) Las Vegas Encircled by mountains in the Mojave Desert of Southern Nevada, Las Vegas is a city of intriguing contrasts, from suburbs filled with green parks and families to the vacation playground of The Strip. It is home. It is escape. It is unique. The Las Vegas Paradise Henderson Metropolitan Statistical Area (MSA), stretches across the southern-most tip of the state, encompassing,09 square miles. As the county seat of Clark County (the nd largest county in the nation), Las Vegas is widely known as the entertainment capital of the world and a premier destination for gambling, fine dining, entertainment, and shopping. This reputation has made Las Vegas a popular setting for films and television programs, and 9,767 conventions in 7 alone. The city also functions as the leading financial and growing cultural center for southern Nevada. The famous Las Vegas Strip is a four mile long stretch of Las Vegas Boulevard famous for its dense concentration of casinos, resort hotels, restaurants, and mega-clubs. Located south of downtown in the unincorporated towns of Paradise and Winchester, the Strip and the immediate area hosted 4,,0 million visitors in 7. Las Vegas is the city that never sleeps, meaning round the clock opportunities for business owners and investors. 7 7 TOP TOP EMPLOYERS EMPLOYEE NAME EMPLOYEES INDUSTRY MGM Resorts Intl. 3,7 Hotel Casino Caesars Entertainment Corp. 30,000 Hotel Casino Stations Casinos, LLC 4,000 Hotel Casino Wynn Resorts,000 Hotel Casino Boyd Gaming Corp,700 Hotel Casino Las Vegas Sands Corp,0 Hotel Casino Valley Health 7,463 Health Care McDonald's, Fast food Cosmospolitan of Las Vegas,00 Hotel Casino Southwest Medical Associates 4,0 Health Care *Source: VegasInc.com Economy With a population of approximately. million, the Las Vegas MSA is the 3st most populated CBSA (Core Based Statistical Area) in the U.S. The key economic driver in the MSA is the tourism industry generated by the casinos, hotels, and the major attractions offered in the valley. Of the 0 U.S. corporations with the largest revenues in 6, listed by Fortune magazine in 7, four are headquartered in Las Vegas. All four are part of the Leisure and Hospitality Sector: Caesars Entertainment, Las Vegas Sands, MGM Resorts International, and Wynn Resorts.

26 6 Offering Memorandum Las Vegas Overview (con t) Business and travelers alike have shown a renewed interest in Las Vegas. Most tourism numbers for 7 exceeded recent years. Las Vegas suffered during the recession and was perceived as the hardest hit by the economic turndown. Now the city is making healthy strides toward expansion and is a symbol of the nation s recovery. Employment by Industry % 9% 4% 3% Leisure & Hospitality Transportation/Utilities Professional & Business Services Government Since, total employment in the Las Vegas area has grown at an average annual rate of.%, exceeding the U.S. employment average annual growth rate of.7%. Moreover, the Las Vegas retail sector accounts for % of total employment. Educ. And Health Services Downtown Las Vegas is the recipient of substantial investment funds and rebranding efforts led by the Downtown Project. A massive campaign to transform Downtown Las Vegas (north of the Strip) into a community attractive to new businesses and young urban professionals % 4% Mining Other has occurred and is a continuing working community plan by local government and business leaders. The neighborhood is filling with low *Source: Bureau of Labor Statistics vacancy office and apartment buildings and a thriving arts-centered nightlife scene. All of these facets, including a quickly rebounding housing market, foretell a continuation of the steady growth Las Vegas economy is experiencing. % 4% % 3% % Construction Financial Activities Manufacturing Information Business and Individual Friendly Tax Structure Due to gaming revenue income received by the state and local government, Nevada does not impose personal income, estate, business, or gift tax. Las Vegas is able to offer unmatched incentives that continue to facilitate job and business growth and enable the local economy to rebound after the recession. This local tax structure is very attractive to individuals, investors, and businesses.

27 7 Offering Memorandum Las Vegas Overview (con t) Demographic Analysis The following is a demographic study of the region sourced by Site To Do Business (STDB Online), an on-line resource center that provides information used to analyze and compare the past, present, and future trends of geographical areas. Demographic changes are often highly correlated to changes in the underlying economic climate. Periods of economic uncertainty necessarily make demographic projections somewhat less reliable than projections in more stable periods. These projections are used as a starting point, but we also consider current and localized market knowledge in interpreting them within this analysis. Population According to Esri, a Geographic Information System (GIS) Company, the Las Vegas-Paradise, NV metropolitan area has a 7 total population of,9,7 and has experienced an annual growth rate of.% for the past decade, which is higher than the Nevada annual growth rate of.0% over this timeframe. The metropolitan area accounts for 73.% of the total Nevada population (,994,047). Within the metropolitan area the population density is ±3 people per square mile compared to the lower Nevada population density of ± people per square mile and the lower United States population density of ±9 people per square mile. The 7 median age for the metropolitan area is 36.7 which is younger than the United States median age of 3.. The metropolitan area anticipates the median age to increase by 0.3% annually over the next five years, raising the median age to 37.6 by. POPULATION YEAR UNITED STATES NEVADA CLARK COUNTY, NV Total Population 30,74,3,700,,9,69 7 Total Population 37,4,334,994,047,9,7 Total Population 34,33,94 3,,,36,44 7 CAGR 0.%.43%.6% 7 CAGR 0.3%.%.7% *SOURCE: (STDB) SITE TO BUSINESS MEDIAN AGE YEAR UNITED STATES NEVADA CLARK COUNTY, NV CAGR 0.36% 0.% 0.0% *SOURCE: (STDB) SITE TO BUSINESS

28 Offering Memorandum Las Vegas Overview (con t) Education There are two major providers of higher education in Las Vegas, the College of Southern Nevada (CSN) and the University of Nevada-Las Vegas (UNLV). CSN has an enrollment of approximately 34,400 and this two-year public college is the 3rd largest community college in the United States. It is part of the Nevada System of Higher Education. UNLV has an enrollment of over 30,000, and offers 46 programs of study in multiple fields resulting in bachelor s, master s, and doctorate degrees; also regarded to be a research-intensive university with its science and techology, business management and law programs. The University s hospitality program consistently ranks among the top hospitality programs in the country due to the school s proxmimity to the Las Vegas Strip. In addition, UNLV houses the School of Dental Medicine and the William S. Boyd School of Law, the only dental and law programs in the state. Additionally, smaller specialized colleges draw students from around the country. Nevada State College University of Phoenix (satellite) The Art Institute of Las Vegas Regis University (satellite) Embry-Riddle Aeronautical University (satellite) UNLV School of Medicine The UNLV School of Medicine will be a full-scale, four-year medical school with a mission to improce access to high -quality health care in Southern Nevada. The accompanying academic health center will serve as the core infrastructure for the entire medical community. $0 Million, 70,000 square foot building on acres Newly Designed Learning Space Initial Class of Students July 7

29 9 Offering Memorandum Viva Regency Las Plaza Vegas Wedding Chapel Las Vegas Overview (con t) Professional Sports Comes To Las Vegas NFL - LAS VEGAS RAIDERS The Oakland Raiders received the NFL s approval to move to Las Vegas for the NFL season. The construction of the new $.9 billion stadium just to the west of the Strip is currently in progress. The venue s horse-shoe shape, designed by Manica Architecture, would accommodate an audience of 6,000 spectators,,000 cars, tailgating amenities and mixed-use commercial facilities. Along with the economic benefits of in-season games, this venue would also allow Las Vegas to host the annual Super Bowl which would bring in hundreds of millions of dollars in tourism and revenue. NHL - LAS VEGAS GOLDEN KNIGHTS The Las Vegas T-Mobile Arena is the home to the first professional sports franchise in the history of Las Vegas. The Vegas Golden Knights are right now playing their first season. The Golden Knights will pay at least 40 hockey games in the T-Mobile Arena per season.

30 30 Offering Memorandum Las Vegas Overview (con t) McCarran International Airport McCarran International Airport (LAS) represents the geographic and economic heart of the Las Vegas valley and serves as the initial visitor gateway to one of the most exciting resort destinations in the world. LAS is the primary commercial airport serving the Las Vegas Valley, a major metropolitan area in Nevada, and one of the busiest airports in the world and a centerpiece of southern Nevada s tourism-based economy. 7 McCarran International Airport welcomed 4. Million passengers, a.3 percent upturn from the year prior. Overall domestic passenger volume grew by.4 percent, accounting for.0 million additional Las Vegas passengers in 7. Highlights Ranked eighth busiest airport in North America in terms of passenger traffic - 7 Ranked 6th busiest airport worldwide in terms of passenger traffic - 7 Nominated the last seven (7) years in World Travel Awards Airport customer service program initiated called MAYS: McCarran At Your Service Vehicular Transportation Interstate is the main route North and South from San Diego, California, through Las Vegas, on to the US/Canada border. The majority of visitors from Southern California arrive in Las Vegas by traveling Interstate.

31 3 Offering Memorandum $3.6 Billion in New Capital Investment is Driving Growth Resorts World Las Vegas - $4.0 Billion. Las Vegas Stadium - $.9 Billion $4 billion Strip resort project with a heavy Asian theme began construction in 7. Resorts World, developed by the Genting Group, is being built at the former site of the Stardust and Echelon. Genting, which bought the site from Boyd in 3 for $3 million, will be using the partially constructed Echelon structures for this property. With a projected opening set for, the initial phase will have 3,0 rooms, a 0,000-square-foot casino, shops and restaurants spread across its -acre site. The Oakland Raiders will move to Las Vegas for the NFL season. The groundbreaking ceremony took place in November 7 for a new $.9 billion stadium just west of the Strip. The venue s horse-shoe shape, designed by Manica Architecture, would accommodate 6,000 spectators,,000 cars, tailgating amenities and mixed-use commercial facilities. The design shows a retractable natural turf field. This venue would also allow Las Vegas to host the annual Super Bowl.

32 3 Offering Memorandum 3. Wynn Paradise Park - $. Billion 4. Convention Center Expansion - $.4 Billion Wynn Resorts Ltd. is building its third hotel behind its two Las Vegas casinos, an ambitious Carnivale themed project called Wynn Paradise. The $. billion resort will take the place of the golf course and feature,0 rooms around a 3-acre lagoon, a small casino, restaurants and nightclubs. The lake will have a white sandy beach, a boardwalk, water skiing, paddle boating, zip lines/gondola, and nightly fireworks. Heavy duty construction should begin by spring with a debut.. Union Village - $. Billion Las Vegas Convention Center will be renovated and expanded into a $.4 billion Las Vegas Global Business District. Planned in four phases, new facilities will replace the 6-acre Riviera Hotel site, adding ±.4 million square-feet of exhibit and meeting space. Phase Two of the project is projected to be completed in. Expected to draw an additional 0,000 visitors a year, drive $. billion in economic activity during construction and have an annual economic impact of $ million when finished. 6. Switch - $ Billion Union Village will be the first Integrated Health Village in the world, and is listed as the largest healthcare building project in the United States. The $. billion dollar, -acre planned development not only covers healthcare, but retail, entertainment, and senior living as well. Approximately 3,000 square feet have been completed, totaling $300 million in work, with another 476,000 square feet to be under construction soon. Switch is a globally recognized leader in future-proof data center design, superscale cloud, unparalleled telecom gateways and energy sustainability. Its Southern Nevada expansion includes a $ billion data storage site on 0 acres near its two existing data storage facilities at South Jones Boulevard and the Beltway. Idea to link million people within 4 milliseconds of data hosted at each of the company s data hubs via a superloop of fiber optic cable connecting its Reno and Las Vegas supernaps sites, with a planned facilities in LA and SF.

33 33 Offering Memorandum 7. Project Neon - $ Billion. Extreme Sports Park - $00 Million Project Neon is the largest public works project in Nevada history. $ billion effort to redesign and widen Interstate from the U.S. Highway 9 interchange to Sahara Avenue by July 9. Currently this road is the busiest stretch of highway in Nevada with 300,000 vehicles daily. Traffic through the corridor is expected to double by Palms Renovation - $4 Million Josh Kearney s $00M extreme sports park called The Edge received county approval in acre at the SEC of Las Vegas Boulevard and Sunset Road, adjacent to Town Square Las Vegas, a.m SF class A open air shopping, dining, office and entertainment center. The Park is expected to have surfing/wake boarding/rock climbing/mountain biking/indoor skydiving/bungee jumping/zip lines and a -story, 640 room hotel with a casino, convention space, restaurants and two rooftop pools. Project will take approximately. years to complete.. Park MGM (Former Monte Carlo) - $4 Million Station Casinos will enhance nearly every feature of the resort by investing $4 million in improvements. Plans include redesigned/renovated hotel rooms, new hotel rooms, 9,000 square foot nightclub, new 73,000 square foot pool club, several celebrity chef restaurants, new spa, meeting/convention space, new covered parking spaces, refresh of the Pearl Theater, renovated casino floor, and a new front desk registration area to name a few. First phase underway and the second phase is expected to be completed by early 9. A transformation occurring in Las Vegas is the conversion of the Monte Carlo into two hotels: a,700-room luxury resort Park MGM and a 9-room hotel NoMad Las Vegas. This $4 million makeover is projected to be completed by the end of. The new resort will feature two hotels, redesigned rooms, an Italian market Eataly with cafes, walk-up counters and dine-in restaurants. The properties will have amenities such as dining and casinos as well as a,300-seat theater at the Park MGM.

34 Sun Commercial Real Estate, Inc. Cathy Jones, CPA, SIOR, CCIM CEO Anders Graciano Senior Associate Roy Fritz Senior Vice President Jessica Cegavske Vice President Taylor Vasquez Associate