Kellman Towers

Proprietary and protected information of The Kellman Towers, LLC
A BlockPark Holding’s Market Rate Mixed Use Residential Development
Founder’s District Las Vegas, Nevada
KELLMAN TOWERS

KELLMAN TOWERS
Market Rate Mixed Use Residential Community
TABLE OF CONTENTS
3 INVESTMENT OVERVIEW
5 LOCATION
7 DEVELOPMENT OVERVIEW
12 FINANCIAL ANALYSIS
15 MARKET INFORMATION
23 DEVELOPMENT/MANAGEMENT TEAM
INVESTMENT T E A M
David M. Vicini
Chief Operating Officer
Pinnacle Equity Management, LLC
Member FINRA/SIPC
(415) 860 9066
dvicini@pinnaclecapgrp.com
Jon K. Rodgers
Managing Principal
Acclivity Partners
Developer of Record
jr@acclivitypartners.com
2

INVESTMENT
OVERVIEW
KELLMAN TOWERS

Kellman Tower Las VegasINVESTMENT OVERVIEW
Investment Highlights
Pinnacle Equity Management, BDR Cascadia and Acclivity Partners are pleased to present this
Investment Opportunity for the Kellman Towers Las Vegas, a to-be-developed single tower,
219-unit market rate multifamily building located within walking distance to the Freemont
Street Experience in Downtown, Las Vegas, Nevada. The project currently resides in an
established Opportunity Zone. The Development Team is looking to raise $86MM in capital,
consisting of both debt and equity, for the Kellman project.
TOTAL PROJECT BUDGET
$88,384,000
INVESTMENT OVERVIEW
Total Residential Units 219 units
Cost Per Residential SF $246.12
Projected Stabilized EBITDA $6,972,270
Stabilized Value / Per Unit $20,618 on $4.453MM Residential NOI
Stabilized Value $120,713,801 on a 5.78% Blended Cap
Proforma Leveraged IRR 20.98%
Opportunity Highlights:
• The Kellman is a state-of-the-art, to-be-constructed, Class-A market rate Multifamily project located near the
Freemont Street Experience area of Las Vegas, Nevada
• The Kellman will have high end amenities, 32,700 SF of office, a top floor tavern/bar, and 24,100 sf of amenity
driven ground floor retail. The property will host a structured and integrated 247 parking structure.
• Facility is expected to generate over $6,972,270 in EBITDA once stabilized
• Strong market fundamentals with the population of 623,747 (2016) in the core area and over 2,000,000 in the
MSA
• The Freemont area has seen a large influx of life to the Freemont Area and downtown in general
• The General Contractor is Las Vegas based Martin-Harris Construction (https://www.martinharris.com/)
• The project is located in an approved Opportunity Zone as defined in the 2017 Tax Cuts and Jobs Act.
RETURN ON INVESTMENT: YIELD
7.89%
EQUITY MULTIPLE
2.89x
4

Location
What started over a decade ago by Tony Hsieh, the CEO of Zappos.com, is
the creation of a company called The Downtown Project (https://dtplv.com/)
whose mission statement is to build this community into one that offers
inspiration, entrepreneurial energy, creativity, innovation, upward mobility,
and discovery. This is a major revitalization of the Downtown Founders District
into a Tech oriented area, thereby attracting young professionals in a long-
term sustainable way.
Located a few blocks away from the popular Freemont East district in
Downtown Las Vegas; Kellman Tower is located in a prime area between 11th
St, and Maryland Pkwy. The demand of market rate residential housing in the
downtown area is the highest in Clark County causing land values to skyrocket
in the area. According to Mayor Carolyn Goodman, the demand is so high,
the neighborhood needs 5,500 new homes to meet demand *.
The Project is located in a designated Opportunity Zone as mandated
through the Federal 2017 Tax Cuts and Jobs Act provision, a program
which offers capital gains tax deferral and up to a 15 percent reduction in
the capital gain through the end of 2026.
Downtown Container Park – www.downtowncontainerpark.com
5
* http://www.lasvegasnow.com/news/redeveloping-downtown-to-meet-demand-realtors-say-demand-outweighs-supply/912887838

Location – Downtown
World Market Center - 1.4 miles, 29 min
walk. The area to the west of the project
site will be home to WMC phase 2’s 12
million SF.
Las Vegas North Premium
Outlets -1.4 miles, 28 min walk
Freemont Street Experience
0.8 miles, 17 min walk
Container Park
0.5 miles, 11 min walk
Las Vegas Strip – 2 miles, 10 mins via E Charleston and 10 mins via Public
Transit. Public Transit on the above map is displayed as:
6

DEVELOPMENT
OVERVIEW
KELLMAN TOWERS

Kellman Tower Las VegasDEVELOPMENT OVERVIEW
Building Program
The Project will have a three-part Preconstruction Period. The first will be to finalize the TIF and TOD opportunities with the
City occurring in the first part of this period. The second part of this phase will be to finalize the retail and office leasing
documents, and to market the pre-leasing of the apartments with the opening of a residential office. The third part will be
focused on the construction documents and specifications which will be generated and issued to create the GMP permit
set, and delivered to the contractors for final pricing and to the City to review and issuance of the Building Permit.
Project Highlights
Tower I East will have 30,000 sf of ground floor retail that will benefit the Project and the community. Retail uses will consist
of a grocery store, mini-mart, coffee shop and community based retail space. On-site parking ratios of 0.7 stalls per
apartment is accomplished as a result of the regional TOD dedicated transit system that will be located adjacent to the
property on Maryland Parkway. 32,700 sf of office space is programmed based on the close proximity to corporate offices
and start-up innovation areas, including Zappos corporate HQ located within a short walking distrance from the property
along with Container Park, a lifestyle centric small-business incubator which is the cornerstone to the area.
8
Renderings from the top deck.

Kellman Tower Las VegasDEVELOPMENT OVERVIEW
Entitlement Status
The City of Las Vegas approved the Project’s entitlements for the two phased, two tower residential project in July 2017. The development
team is currently negotiating for a decreased parking requirement under the City’s Transit Oriented Development process. The team is
concurrently redesigning the project with EV&A Architects out of Las Vegas.
Land Status
The site is owned by BDR Cascadia, LLC (“BDR”). Upon construction funding, BDR will contribute the property to Block Park Holdings, LLC
(“BPH”) who will then contribute the land under a joint venture operating agreement with the property LLC. The recently appraised
$2.3MM of land equity will create the BPH capital account.
Project Entitlement Status
2019-2020
Pre Construction
2020-2021
Construction
2022 - 2023
Ramp-Up Period
2024
Project
Stabilization
CONSTRUCTION & LEASE-UP TIMELINE
Five month Feasibility
Period, then a twelve
month Pre-Construction
Period will occur. The
construction documents
will be finalized.
Project has a 19 month
construction schedule, with
substantial completion for
the building occurring in
Q1 2022.
Conservatively assuming
the project has a
successful preleasing
period followed by a 24
month lease up period.
Project achieves stabilized
occupancy around the Fourth
Quarter of operations in 2024,
and complete stabilization in
2023. Upon stabilization the
project will be sold or
refinanced; depending on the
required return structure.
9

Kellman Tower Las VegasARCHITECTURE
Square Footage Analysis
FLOOR CORE + SERVICE MECHANICAL RETAIL PARKING OFFICE AMENITIES RESIDENTIAL
TOTALS
CORRIDORS AREA AREA COMPONENT COMPONENT COMPONENT COMPONENT
Amen.
12 799 934 7,800 3,488 0 0 12,026 0 25,047 1 Amenity Floor
Residential
11 4,187 0 3,110 0 0 0 25,179 32,476 6 37
10 4,215 0 2,576 0 0 0 25,699 32,490 5 36
9 4,187 0 3,110 0 0 0 25,179 32,476 4 37
UNITS
8 4,215 0 2,576 0 0 0 25,699 32,490 3 36
7 4,187 0 3,110 0 0 0 25,179 32,476 2 37
6 4,215 0 2,576 0 0 0 25,699 32,490 1 36 219
Office
5 805 73 0 0 0 32,691 0 33,569 1 Office Floor
Park
4 739 0 0 1,555 31,240 0 0 0 33,534 4 91
PARK
3 739 0 0 1,555 31,240 0 0 0 33,534 3 81
2 739 0 0 1,555 31,240 0 0 33,534 2 69
Retail
1 3,367 1,503 6,635 15,996 3,307 0 0 30,808 1 6 247
Common 5,034 20,225 6,814 2,507 31,817 66,397
SUMMARY (SF) 32,394 2,510 31,493 29,183 117,252 39,505 14,533 184,451 384,924 TOTAL S F
Retail Parking Office Amenities Residential
7.58% 30.46% 10.26% 3.78% 47.92%
10

Kellman Tower Las VegasARCHITECTURE
Unit Mix
Apartments - Market Rate Breakdown Number Net Rentable Average Unit Average Rent Average Rent by Type
Unit Type of Units % of Total Area Size per Month Rent/Mo/SF per Year
Plan A - Studio 30 14% 14,220 474 1,500 3.16 540,000
Plan B - 1 Bedroom/1 Bathroom 93 42% 56,325 606 1,980 3.27 2,209,680
Plan C - 1 Bedroom/1 Bathroom + Den 72 33% 56,268 782 2,250 2.88 1,944,000
Plan D - 2 Bedroom/2 Bathroom 24 11% 25,821 1,076 2,550 2.37 734,400
Total Market Rate Units 219 100% 152,634 697 2.96 5,428,080
Additional Space Net Rentable Total Rent Per Average Rent Average Rent
Space Name Square Feet % of Total Area Stalls Stall per Month per Year
Amenities: Residential 19,310 11%
Parking 97,027 53% 97,027 247 85.00 20,995 251,940
Mechanical 31,493 17%
Service + Back-of-House BOH 2,510 1%
Core + Corridors 32,394 18%
Total 182,734 100% 97,027 20,995 251,940
Office/Retail Net Rentable Rent Per Average Rent Average Rent
Space Name Square Feet Area
NNN/
SF/Month
per Month per Year
Office Area 28,085 28,085 3.33 93,617 1,123,400
Balcony 4,606 4,606 1.00 4,606 55,272
Courtyard 3,816 3,816 1.00 3,816 45,792
Restaurant / Bar: 12th Floor 3,488 3,488 4.00 13,952 167,424
Residential Storage Units
Retail Lease Space A: 1st Floor 9,561 9,561 4.00 38,244 458,928
Retail Lease Space B: 1st Floor 6,435 6,435 4.00 25,740 308,880
Total 60,656 55,991 2,159,696
11

Kellman Tower Las Vegas
FINANCIAL
OVERVIEW
KELLMAN TOWERS

This information has been secured from sources webelieve to be reliable, but wemake no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or ageare approximate. Buyer must
verifythe information andbears all risk for anyinaccuracies.
INVESTMENT OVERVIEW
Assumptions
• The Sponsor will contribute $2.3MM
in land equity. This figure includes
line items fees focused on the
entitlement process and the cost of
keeping the site in operation while
entitlements were obtained.
• The project is zoned for the use and
a clear path to final use permits and
construction permits has been
mapped out. Utilities are at the site
and minimal offsite construction will
be required by the City.
• Percentage of debt and equity is
contingent on a non-recourse
construction loan, and depended
upon the project’s committed
sources.
• The construction project budget of
$61,314,000 and FF&E cost of
$506,000 for a total of $61,820,000 is
based on local general contractor
pricing, and additional savings and
value engineering opportunities
may be identified throughout the
process.
• Please refer to the accompanying
proforma for more details and
development breakdown.
Sources & Uses
SOURCES Total Per SF % of Total
Equity Common 26,515,000 68.88 30.0%
Mezzanine 8,838,000 22.96 10.0%
Senior Debt / Mini-Perm 53,031,000 137.77 60.0%
Total Sources 88,384,000 229.62 100.0%
USES Total Per SF % of Total
Land Cost 4,458,000 11.58 5.0%
Hard Construction Costs 61,314,000 159.29 69.4%
F F & E 506,000 1.31 0.6%
Professional Fees & Soft Cost 15,735,000 40.88 17.8%
Financing & Operating Reserve 4,911,000 12.76 5.6%
Operating/Marketing 1,460,000 3.79 1.7%
Total Uses 88,384,000 229.62 100.0%
Underwriting Criteria:
• Senior Loan:
• Interest Rate: floating based on 30 Day LIBOR rate + 500 bps during
construction. Interest only during construction and 20-25 year amortization
during mini-perm.
• Loan Term: 2 years + 3, 1 year extension options (or combination thereof)
• Amortization: Recourse: non-recourse or limited guaranty provided by Kellman
Towers, LLC and its equity partner.
• Mezz: Currently underwritten as part of a blended first. Developer has the ability to
bring an additional piece of $10,000,000 PACE financing. The PACE carries a 6.5%
interest rate and 30 year fully amortizing loan.
• Equity: 8% Pref, 80/20 to 12%, 60/40 to 15% +
13

This information has been secured fromsources webelieve to be reliable, but wemake no representations or warranties, expressedor implied, as to the accuracy of the information. References to square footage or ageare approximate. Buyer mustverifythe
information and bears all risk for any inaccuracies. Please refer to the accompanying proforma for more information. IRR was calculated using an Excel XIRR function. Actual results and performance may vary and information presented above is only for
modeling purposes only.
FINANCIAL ANALYSIS
Commentary
Stabilized Operations: Financials were provided by
management are presented in EBITDA format.
Based on revenue projections, stabilized occupancy
of 95% and an operating margin of 61%, stabilized
Net Operating Income is projected to be $6,462,856.
An industry-standard management fee equal to 3 %
of total revenue has been applied.
Lease-Up Projections: 5 Year Proforma Projection
financials are based on rental rates and occupancy
from competitive market analysis. Operator believes
the residential units should be able to achieve
average rental rates of $1,500 to $2,550 per unit per
month inclusive of additional revenue areas.
Management has assumed a 24-month lease-up
period, with Year 1 average occupancy of 70% and
a Year 2 average occupancy of 95%. The site will
also have a NNN lease on the ground floor retail units
and the 5th floor office space. This proforma and
Operator assumes that the non-residential
components will be pre-leased before breaking
ground.
This assumes an average lease-up of 6 net units a
month, which is conservative compared to the
industry standard of 4 to 8 net units a month in the
first year. Reserves for potential operating shortfalls
have been included within the project budget.
Stabilization: Based on management’s lease-up
schedule, the Operator is projecting occupancy of
95% around the end of the 2nd year of operations.
Total Project Budget $88,384,000 Loan To Cost (LTC) 70.0%
IRR: Levered 20.9% Loan To Value (LTV) 51.3%
IRR: Un-Levered 13.0%
Equity
Multiple 2.89 x
Net Yield on Cost 7.9% Stabilized Occupancy 93%
Debt Yield 11.3% Operating Margin 79.4%
5 - Year Operating Cash
Flow 2022 2023 2024 2025 2026
Year 1 Year 2 Year 3 Year 4 Year 5
Average Resident
Occupancy 70% 95% 95% 95% 95%
Gross Potential
Revenues
6,321,509 7,192,334 8,112,852 8,786,038 9,089,196
Base Operating
Expenses
(1,288,650) (1,464,593) (1,649,996) (1,795,572) (1,854,629)
Net Operating Income 5,032,859 5,727,741 6,462,856 6,990,467 7,234,568
Operating Margin 50% 59% 61% 64% 65%
14

MARKET
INFORMATION
KELLMAN TOWERS

Kellman Tower Las VegasMARKET INFORMATION
Apartment Market Summary
16
Information taken from March 2019 Co-Star Reporting

Apartment Market Comps
17

Apartment Market Sales
Low Average Median High
Sale Price $4,860,000 $10,137,750 $10,000,000 $15,870,000
Price/Unit $38,135 $64,477 $60,512 $140,442
Cap Rate 5.2% 5.7% 5.5% 6.9%
Vacancy at
Sale
0% 10.1% 4.4% 48.2%
Time Since
Sale
7.3 15.2 14.8 23.9
18

Office Market Summary
Summary Statistics Q1 2018 Q4 2018 Q1 2019
Vacancy Rate 15.1% 13.6% 12.9%
Asking Rent (PSF, FSG) $2.05 $2.13 $2.16
Net Absorption (SF) 182,070 394,300 345,715
New Completions (SF) 68,364 24,900 15,867
Class A Asking Rents $2.66 $2.272 $2.73
Class B Asking Rents $2.09 $2.17 $2.17
Class C Asking Rents $1.73 $1.80 $1.81
Historical Vacancy Rates
and Asking Lease Rate
Investment Sales Activities
2016 2017 2018 2019 YTD
No. Sales 45 99 94 14
Square Footage 1,449,000 3,560,210 3,731,240 321,013
Sales Volume $200.9 MM $652.6 MM $658.2 MM $54.2MM
Average Price/SF $138.70 $183.31 $176./42 $168.80
Average Cap Rate 7.8% 7.5% 8.3% 8.2%
Average Sale Size (SF) 32,200 36,000 39,700 22,900
MARKET INFORMATION
Information taken from the 2019 Q1 Office Las Vegas Report – Colliers Online
Market Indicators
Q1 2019 Q2 2019*
Vacancy
Net
Absorption
Completions
Rental Rate
19

Retail Market Summary
Information taken from the 2019 Q1 Retail Las Vegas Report – Colliers Online
Market Indicators
Q1 2019 Q2 2019*
Vacancy
Net
Absorption
Completions
Rental Rate
Summary Statistics Q1 2018 Q4 2018 Q1 2019
Vacancy Rate 8.3% 7.6% 7.7%
Asking Rent (PSF, NNN) $1.37 $1.38 $1.45
Net Absorption (SF) -25,803 283,177 263,918
New Completions (SF) 18,237 0 373,266
Power Center Asking Rents $1.53 $1.43 $1.53
Community Center Asking Rents $1.37 $1.50 $1.59
Neighborhood Asking Rents $1.35 $1.33 $1.41
Strip Center Asking Rents $1.29 $1.30 $1.33
20
Investment Sales Activities – Single Tenant Retail
2016 2017 2018 2019 YTD
No. Sales 67 61 55 13
Square Footage 569,000 461,000 359,000 188,000
Sales Volume $174.4 MM $178.1 MM $130.7 MM $57.8 MM
Average Price/SF $306.57 $385.98 $363.87 $307.77
Average Cap Rate 7.00% 6.5% 6.1% 4.7%
Average Sale Size (SF) 8,500 7,600 6,500 14,500
Historical Vacancy Rates
and Asking Lease Rate

Demographics
21
Year Total
Population
Growth Annual
Growth
Rate
2017 641,676 9,966 1.58%
2016 631,710 10,229 1.65%
2015 621,481 9,978 1.63%
2014 611,503 9,276 1.54%
2013 602,227 6,789 1.14%

DEVELOPMENT &
MANAGEMENT TEAM
KELLMAN TOWERS

Kellman Tower Las VegasDEVELOPMENT TEAM
Manager/Operator – BlockPark Holdings
23
Mr. Riceberg has been involved in real estate
management and the property acquisition business since
2003. He obtained his Broker and Mortgage License in
2010 from the State of California and formed Shooploop
Inc., a full-service brokerage firm specializing in finance,
income property valuation, development, and property
management of over 2500 units for high net worth
individuals with an emphasis on technology. Mr. Riceberg
created Invest-Loop, a mobile app used to generate
leads for purchasing multi-unit investment properties that
allows potential clients to analyze and evaluate income
property in real time. In 2015, he became a principal
member of BDR Cascadia LLC as its primary acquisition
manager. Mr. Riceberg is now the Manager of BDR
Cascadia. BDR Cascadia LLC specializes in development
in trending urban markets and is the current owner of the
Kellman Towers Project in Las Vegas Nevada. Since 2017,
Mr. Riceberg has been pioneering a property
management platform that allows the implementation of
cryptocurrency and Blockchain technology into real
estate financing and formed the idea for BlockPark
technologies as a result (blocktoken.io). Mr. Riceberg holds
a BA from the University of Nevada – Las Vegas.
Daniel Riceberg
Founder and Chief Executive Officer and a Director;
Manager of BlockPark Holdings
Benjamin Fenton,
Director
Mr. Fenton is the general counsel and a partner of Fenton Law
Group, LLC. He has twelve years of experience in legal practice,
litigation and mediation and specializes in regulatory, compliance
and administrative law. Mr Fenton has been named a Southern
California “Super Lawyer” by Thomson Reuters since 2015, and was
named a Southern California “Super Lawyer – Rising Star” in 2013
and 2014. Mr. Fenton is the former president of, and an investor in
BDR Cascadia LLC. Mr. Fenton holds a JD from the University of
California, Berkeley, Boalt Hall School of Law.
Rand Alexander Liljegren
Director; Creative Director for BlockPark Holdings.
Mr. Liljegren has eleven years of experience in designing and
managing construction projects for restoration, rehabilitation and
design and has been a licensed general contractor for three
years. He is the senior multimedia director at Capital Group /
American Funds. Mr, Liljegren has worked as the Creative Director
and Project Manager of BDR Cascadia since its inception. He has
been featured in the LA-Curbed online magazine. Mr. Liljegren
holds a BA from San Francisco State University.

The principals of Acclivity Partners are former managing partners and senior executives of nationally recognized companies within the
real estate industry. Our principals average over 28 years of commercial real estate experience, encompasses transactions and
developments involving in excess of 12 million square feet of office, retail, residential, hotel, industrial and government properties.
Combining institutional sophistication, entrepreneurial initiative, and a “hands on” approach, the principals have enhanced the value
potential of more than $5 billion of commercial real estate assets. Acclivity excels in mixed-use projects, and primarily focuses on a
combination of retail and lodging hospitality, office, and different forms of residential (senior, student, multifamily rental,
condominiums). Currently, Acclivity is actively engaged in value-added and new development opportunities across select markets in
Illinois, Arizona, California, Nevada, and Wisconsin.
The following four developments are representative of typical projects completed by Acclivity Principals
Developer – Acclivity Partners
PROJECT USE DESCRIPTION SQUARE FEET PROJECT COST
The Ritz Carlton Residences Residential Mixed-Use 42 - story mixed-use property with 89 luxury residences
North Michigan Avenue Parking managed by Ritz-Carlton Hotels. Providing a active lifestyle, 380,000 S.F. $240,000,000
Chicago, IL Office / Retail full – service residential property.
Millennium Center Residential Mixed-Use 60 - story mixed-use including Class-A office and high-end
River North Parking retail, including 353 condominiums with duplex townhomes 1,000,000 S.F. $215,000,000
Chicago, IL Office / Retail and penthouse units plus a 680 car garage.
City Place (Omni Hotel) Office 40 - story mixed-use Omni Hotel with 347 executive suites,
North Michigan Avenue Hotel 142,000 sf Class-A offices, plus a Express flagship store, 514,000 S.F. $121,000,000
Chicago, IL Retail all achieving high occupancies.
Columbia Center Office 30-acre business park near O'Hare International Airport
Convention Center Hotel with 3 office buildings, a 305-room Hilton Hotel and two 814,000 S.F. $156,000,000
Rosemont, IL Parking 450 car garages; all within a business-oriented center.
24

Developer – Acclivity Partners
25
Jon K. Rodgers
Managing Principal
University of Illinois - Masters of Urban Planning & Finance; Bachelor of Urban Planning.
Mr. Rodgers, the managing Partner of Acclivity Partners, has been responsible for developing
10 high rises over his career, including over 9 million square feet of commercial hotels, offices,
retail and residential buildings. His extensive corporate experience during the past twenty five
years includes strategic planning, financing and constructing complex mixed-use projects with
special emphasis on managing the development process, directing consultants and
monitoring the financial budgets. Mr. Rodgers is involved on the Board of Directors for the Primo
Center for Women and Children charity and non-for- profit Chicago Gateway Green
Committee. Jon is a licensed architect and member of the American Institute of
Architects, graduated from the University of Illinois at Urbana-Champaign with a Bachelor of
Urban Planning and a Master of Urban Planning and Finance.
Robert J. Corrigan
Principal - Director of Construction
Bradley University - Bachelor of Science; Construction Management
▪ 30+ years experience as commercial general contractor
▪ Experience in successful management of complex projects from $20 Million to $1.8 Billion
▪ Responsible for projects from initial budgeting thru final close-out and opening
Daniel J. Sullivan, AIA
Principal - Director of Development
University of Colorado - Bachelor & Masters; Architecture
▪ 35+ years of experience as an architect and development manager of large multi-
disciplinary projects
▪ Responsible for establishing and managing the planning, design and engineering
consulting team

Architect – EV&A
Edward A. Vance, FAIA| Principal and Architect of Record
Edward A. Vance, FAIA is a distinguished architect with a reputation for design excellence. With over
35 years of experience, his practice has served his clients, the community and the profession of
architecture. Mr. Vance is licensed in seven states and is NCARB certified. His work has transcended
architecture in the commercial, healthcare, and hospitality market sectors throughout the region. Mr.
Vance’s work has led to numerous design awards and significant commissions.
Mr. Vance has collaborated with regional and national design firms contributing to the quality of
architecture in Las Vegas. His hospitality project designs have changed the city skyline and provided
unique visitor experiences and competitiveness for his clients. His design for healthcare projects
incorporates evidence-based design, holistic design and the latest in patient care practices. Mr.
Vance is at the forefront of commercial office design leading the way for sustainable, technologically
advanced planning and design of Class A and Industrial office campuses of the future.
Mr. Vance’s education includes a Bachelor of Architecture, Bachelor of Arts, and Foreign Study in
Western Europe. His service includes Chancellor, AIA College of Fellows; Vice Chancellor, AIA College
of Fellows; Secretary, AIA College of Fellows; AIA WMR Silver Medal, Elected to AIA College of Fellows;
Richard Upjohn Fellow; AIA Nevada Silver Medal; AIA Nevada Service Award; President AIA Nevada;
President AIA Las Vegas; and, AIA NV Young Architect Citation. Mr. Vance is affiliated with the
American Institute of Architects, National Association of Industrial and Office Properties, Past Vice
President and Board Trustee, Lied Discovery Children’s Museum, Past Executive Board Member, Boy
Scouts of America, and Past Nevada State Coordinator, NCARB’s Intern Development Program.
26

Kellman Tower Las VegasCONFIDENTIALITY AGREEMENT & DISCLAIMER
This Overview Presentation (the “Presentation”) is submitted on a confidential basis for use solely by prospective capital providers in connection with their
evaluation of a possible capital contribution (the “Transaction”) to an entity sponsored b, LLC (the “Company”). By accepting this Presentation, the recipient
agrees that this Presentation and the information set forth herein will be kept strictly confidential, that it will not be distributed, reproduced or used for any
other purpose without the express written consent of the Company and that, upon request, the recipient will promptly return all material received from the
Company (including this Presentation) without retaining any copies thereof. If the recipient does not agree with the foregoing, please immediately return this
Presentation to the Company.
Important Notice
The information, statements and opinions contained in this document do not constitute a public offer under any applicable legislation or an offer to sell or
solicitation of any offer to buy any securities or financial instruments or any advice or recommendation with respect to such securities or other financial
instruments.
Forward Looking Statements
This document contains certain forward-looking statements within the meaning of Section 21E of the US Securities Exchange Act of 1934, as amended, and
Section 27A of the US Securities Act of 1933, as amended, with respect to certain Company plans and its current Development goals and expectations
relating to its future financial condition and performance. The Company cautions readers that no forward-looking statement is a guarantee of future
performance and that actual results could differ materially from those contained in the forward-looking statements. These forward-looking statements can
be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use words such as “may”, “will”,
“seek”, “continue”, “aim”, “anticipate”, “target”, “projected”, “expect”, “estimate”, “intend”, “plan”, “goal”, “believe”, “achieve” or other words of similar
meaning. Examples of forward-looking statements include, among others, statements regarding the Company’s current Development future financial
position, business strategy, capital ratios, leverage, payment of dividends, projected levels of growth, projected costs, commitments in connection with the
financings, estimates of capital expenditures and plans and objectives for future operations and other statements that are not historical fact.
By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances, including, but not limited to
US and Global macroeconomic and business conditions, the effects of continued volatility in credit markets, market related risks such as changes in interest
rates and foreign exchange rates, effects of changes in valuation of credit market exposures, changes in valuation of issued notes, the policies and actions
of governmental and regulatory authorities, changes in legislation, capital rules applicable to past, current and future periods, evolving practices with regard
to the interpretation and application of standards, the outcome of current and future legal proceedings, the success of a future acquisition, disposals and
other strategic transactions and the impact of competition, a number of such factors being beyond the Company’s control. As a result, the Company’s
actual future results may differ materially from the plans, goals, and expectations set forth in the Company’s forward-looking statements.
Any forward-looking statements made herein speak only as of the date they are made. Except as required by the applicable law, Company expressly
disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any
change in Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. The
reader should, however, consult their own legal, accounting, or financial representative in making their own decision regarding the offering. Securities will be
cleared through Pinnacle Equity Management, LLC (dba Pinnacle Capital Group, “Pinnacle”), member of FINRA/SIPC. Pinnacle has not conducted
reasonable due diligence and does not make any representations, warranties, covenants or guarantees with the information at this point in time. It is for
informational purposes only and to satisfy both parties preliminary interest that there may be a reasonable basis to proceed. If, after review, the parties
determine there is a reasonable basis to move for-ward, it is advised that Investors conduct their own due diligence, consult their own attorneys,
accountants, consultants, to make their own informed investment decision.
For more information please contact: David M Vicini | Pinnacle Equity Management, LLC|dvicini@pinnaclecapgrp.com | (415) 860 9066
27

KELLMAN TOWERS
CONTACT INFORMATION
David M. Vicini
Pinnacle Capital Group, member FINRA/SIPC
(415) 860 9066
dvicini@pinnaclecapgrp.com

Kellman Towers

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