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<br /> Beard Group, Inc. Page 6 <br />TRANSACTION SUMMARY <br /> <br />The Developer, The Beard Group, Inc., is pleased to present this confidential <br />memorandum to support its request to obtain financing and entitlements for the <br />development of the Crossroad Pointe in Mounds View, MN (the "Property"). <br />OVERVIEW <br /> <br />The Property is a to-be-built, Class A, 3 story, 119+/- unit multi-family building with <br />171,740 +/- gross square feet above ground with underground heated parking and a <br />detached 6,112 square foot garage for 21 vehicles . The site is located at the <br />intersection of Highway 10 and County Road H2 in Mounds View, Minnesota. The <br />site is a redevelopment of three (3) parcels. The apartment project will be 100% <br />market rate. <br /> <br />The site is located on Highway 10 which is the main commercial corridor of Mounds <br />View. The site provides for easy access to the retail centers situated both north and south <br />of the Property. This highly desirable location is transit, pedestrian, bicycle, and vehicle <br />friendly. Additionally, Mounds View hosts grocery stores, drug stores, movie theatres, <br />shops and everyday goods and services. Mounds View also has several restaurants <br />which are all in close proximity to the Property. <br /> <br />PROPERTY DESCRIPTION <br /> <br />Parcels <br />PID Numbers <br />08.30.23.31.0072 <br />08.30.23.31.0071 <br />08.30.23.31.0005 <br /> <br /> <br /> <br />City: Mounds View, MN <br /> <br />County: Ramsey <br /> <br />Apartments: 119 Units +/- <br /> <br />Building Gross Square Feet: 171,740 +/- <br /> <br />Number of Stories : 3 stories along County Road H2 with 1 level of underground <br />parking.