Steele Creek Seniors Apartments

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Print Preview - Preliminary

Application
Tax Credits, RPP Loans, and/or Tax Exempt Bond Loans
Project Description
Project Name: Steele Creek Seniors Apartments
Address: 10000 to 11000 block of Steele Creek Rd
City: Charlotte County: Mecklenburg Zip: 28217
Census Tract: 59.02 Block Group: 10000
Is project in Qualified Census Tract or Difficult to Develop Area? No

Are you requesting the basis boost under section II(E)(4) of the QAP? No
Political Jurisdiction: The City of Charlotte

First:Patrick Last:
Jurisdiction CEO Name: Title: Mayor
McCrory
Jurisdiction Address: 600 East Fourth Street
Jurisdiction City: Charlotte Zip: 28202-2839
Jurisdiction Phone: (704)336-2241
Site Latitude: 35.145143
Site Longitude: -80.974174
Project Type: New Construction
Is this project a previously awarded tax credit

development?
New Construction/Adaptive Reuse:

Is this project a follow-on (Phase II, etc) to a previously-awarded tax credit development project? No
If yes, list names of previous phase(s):

Rehab:
Number of residents holding Section 8
vouchers:
Will the project meet Energy Star standards as defined in Appendix B? Yes
Does a community revitalization plan exist? No

Will the project use steel and concrete construction and have at least 4 stories? No
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Will the project include a Community Service Facility under IRS Revenue Ruling 2003-77?
No
If yes, please describe:
Target Population:Elderly (55)

Will the project be receiving project based federal rental assistance? No
If yes, provide the subsidy source: and number of units:

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Applicant Information
Indicate below an individual or a validly existing entity (a corporation, nonprofit, limited partnership or LLC) as the official applicant. Under
QAP Section III(C)(5) only this individual or entity will be able to make decisions with regard to this application. If awarded the applicant
must become part of the ownership entity. The applicant will execute the signature page for this application.
Applicant Name: Wood Partners
Address: 1001 Morehead Square Drive
City: Charlotte State: NC Zip: 28203

Contact: First: Judy Last:McLeod Title:
Telephone: (704)332-8995
Alt Phone: (704)957-7036
Fax: (704)332-8997
Email Address: jam@woodpartners.com

NOTE: Email Address above will be used for communication between NCHFA and Applicant.

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Site Description
Total Site Acreage: 7.1 Total Buildable Acreage: 7.1

If buildable acreage is less than total acreage, please explain:
Identify utilities and services currently available (and with adequate capacity) for this site:
Storm Sewer Water Sanitary Sewer Electric
Is the demolition of any buildings required or planned? No

If yes, please describe:
Are existing buildings on the site currently occupied? No

If yes:
(a) Briefly describe the situation:
(b) Will tenant displacement be temporary?

(c) Will tenant displacement be permanent?
Is the site directly accessed by an existing, paved, publicly maintained road? Yes
If no, please explain:
Is any portion of the site located inside the 100 year floodplain? No
If yes:
(a) Describe placement of project buildings in relation to this area:

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(b) Describe flood mitigation if the project will have improvements within the 100 year floodplain:

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Site Control
Does the owner have fee simple ownership of the property (site/buildings)?No
If yes provide:
Purchase Date: Purchase Price:
If no:
(a) Does the owner/principal or ownership entity have valid option/contract to purchase the property?Yes
(b) Does an identity of interest (direct or indirect) exist between the owner/principal or ownership entity with the option/contract for
purchase of the property and the seller of the property?No
If yes, specify the relationship:
(c) Enter the current expiration date of the option/contract to purchase: 3/18/2010
(D) Enter Purchase Price: 1,003,000

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Zoning
Present zoning classification of the site:R-17MF
Is multifamily use permitted?Yes
Are variances, special or conditional use permits or any other item requiring a public hearing needed to develop this proposal?No
If yes, have the hearings been completed and permits been obtained?
If yes, specify permit or variance required and date obtained. If no, describe permits/variances required and schedule for
obtaining them:
Are there any existing conditions of historical significance located on the project site that will require State Historic Preservation office
review?No
If yes, describe below:
Are there any existing conditions of environmental significance located on the project site?No
If yes, describe below:

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Ownership Entity
Owner Name: Steel Creek Seniors, LLC (proposed entity)

Address: 1001 Morehead Square Drive, Suity 250
City: Charlotte State:NC Zip: 28203
Federal Tax ID Number of Ownership Entity: (If assigned)

Note: Do not submit social security numbers for individuals.
Entity Type: Limited Liability Company
Entity Status: To Be Formed
Is the applicant requesting that the Agency treat the application as Non-Profit sponsored? No
Is the applicant requesting that the Agency treat the application as CHDO sponsored? No
List all general partners, members,and principals. Specify nonprofit corporate general partners or members.
Click [Add] to add additional partners, members, and principals.
Org: WP Steele Creek, LLC (To be formed)

First Name: Raymond Last Name: Smith Function: Managing Member
Address: 1001 Morehead Square Dr., Suite 250
Phone: (704)332-8995 Fax: (704)332-8997
EMail: rjs@woodpartners.com Nonprofit: No
Org: Warren J. Durkin, Jr. Familiy Limited Partnership, L.L.L.P.

First Name: Warren Last Name: Durkin Function: Principal
Address: 2600 N. Military Trail
City: Boca Raton State: FL Zip: 33431
Phone: (561)893-0094 Fax: (561)893-0095
EMail: wjd@woodpartners.com Nonprofit: No
Org: SPUSO5 Wood Partners, LP (c/o CB Richard Ellis Investors, Inc.)

First Name: Deb Last Name: Smith Function: Principal
Address: 200 Park Avenue, 17th floor
City: New York State: NY Zip: 10166
Phone: (704)332-8995 Fax: (704)332-8997
Org: Simpson Investors, LP

First Name: James Last Name: Simpson Function: Principal
Address: 1001 Morehead Square Drive, Suite 250

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Phone: (704)332-8995 Fax: (704)332-8997
EMail: jrs@woodpartners.com Nonprofit: No
Org: Bernard Felder

First Name: Bernard Last Name: Felder Function: Principal
Phone: (704)332-8995 Fax: (704)332-8997
EMail: bxf@woodpartners.com Nonprofit: No
Org: Kelly Dunbar

First Name: Kelly Last Name: Dunbar Function: Principal
Phone: (704)332-8995 Fax: (704)332-8997
EMail: kwd@woodpartners.com Nonprofit: No
Org: Carter Siegel

First Name: Carter Last Name: Siegel Function: Principal
Phone: (704)332-8995 Fax: (704)332-8997
EMail: chs@woodpartners.com Nonprofit: No
Org: Thomas Shoup

First Name: Thomas Last Name: Shoup Function: Principal
Phone: (704)332-8995 Fax: (704)332-8997
EMail: ths@woodpartners.com Nonprofit: No
Org: Karen Balas

First Name: Karen Last Name: Balas Function: Principal
Phone: (704)332-8995 Fax: (704)332-8997
EMail: kbb@woodpartners.com Nonprofit: No

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Org: Raymond Smith

First Name: Ray Last Name: Smith Function: Principal
Phone: (704)332-8995 Fax: (704)332-8997
Org: Deborah Anderson

First Name: Deb Last Name: Anderson Function: Principal
Address: 3211 Shannon Road, Suite 410
City: Durham State: NC Zip: 27707
Phone: (704)332-8995 Fax: (704)332-8997
EMail: dca@woodpartners.com Nonprofit: No
Org: Sarah Murray

First Name: Sarah Last Name: Murray Function: Principal
Phone: (704)332-8995 Fax: (704)332-8997
EMail: sam@woodpartners.com Nonprofit: No
Org: Stephen Wylie

First Name: Stephen Last Name: Wylie Function: Principal
Phone: (704)332-8995 Fax: (704)332-8997
EMail: scm@woodpartners.com Nonprofit: No
Org: Joe Keough

First Name: Joe Last Name: Keough Function: Principal
Address: 1110 Northchase Parkway, Suite 150
City: Marietta State: GA Zip: 30067
Phone: (770)951-8989 Fax: (770)956-0359
EMail: jjk@woodpartners.com Nonprofit: No
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Unit Mix
The Median Income for Mecklenburg county is $66,500.
Low Income Units
Total # Monthly Utility Mandatory **Total

Type # BRs Net Sq.Ft. # Units Units Rent Allowance Serv. Fees Housing Exp.
Gdn Apt 1 660 42 4 662 62 0 724
Gdn Apt 1 660 60 6 278 0 0 278
Gdn Apt 2 920 18 2 796 74 0 870
Utilities included in rents: Water/Sewer Electric Gas Other trash
Employee Units (will add to Low Income Unit total)

Utilities included in rents: Water/Sewer Electric Gas Other
Market Rate Units

Utilities included in rents: Water/Sewer Electric Gas Other
Statistics
All Gross Monthly

Units Units Rental Income
Low Income....... 120 12 58812
Market Rate.......
Totals............... 120 12 58812
Proposed number of residential buildings: 1 Maximum number of stories in buildings: 3
Project Includes:
Separate community building - Sq. Ft. (Floor Area):
Community space within residential bulding(s) - Sq. Ft. (Floor Area):

4,700
Elevators - Number of Elevators: 2

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Square Footage Information
Gross Floor Square Footage: 114,400
Total Net Sq. Ft. (All Heated Areas): 83,070
Indicate below any additional targeting for special populations proposed for this project:
Mobility impaired handicapped: 5% of units comply with QAP Section IV(F)(3) (in addition to the units required by other federal and
state codes.)
Number of Units: 12
Number of Units Required: 12

Persons with disabilities or homeless populations.
Number of Units: 12
Notes
** Please refer to the Income Limits and Maximum Housing Expense Table to ensure that Total Monthly Tenant Expenses for low
income units are within established thresholds.

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Targeting
Specify Low Income Unit Targeting in table below. List each applicable targeting combination in a separate row below. Click [Add] to
create another row. Click "X" (at the left of each row) to delete a row. Add as many rows as needed.
# BRs Units %
1 60 targeted at 30 percent of median income affordable to/occupied by
Total Low Income Units: 60
Note: This number should match the total number of low income units in the Unit Mix section.

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Funding Sources
Amort. Annual
Non- Rate Term Period Debt
Source Amount Amortizing* (%) (Years) (Years) Service
Bank Loan
RPP Loan
Local Gov. Loan - Specify:
RD 515 Loan
RD 538 Loan - Specify:
AHP Loan
Other Loan 1 - Specify:

1,370,434 ✔ 2.00 30 30
Charlotte Housting Truste Funds
3,000,000 ✔ 2.00 30 30
Charlotte Housing Authority Loan
Tax Exempt Bonds
State Tax Credit(Loan) 1,056,590 0 30 30 0
State Tax Credit(Direct Refund)
Equity: Federal LIHTC 7,036,189
Non-Repayable Grant
Equity: Historic Tax Credits
Deferred Developer Fees
Owner Investment
Other - Specify:
Total Sources** 12,463,213
* "Non-amortizing" indicates that the loan does not have a fixed annual debt service. For these items, you must fill in 20-year debt
service below.
** Total Sources must equal total replacement cost in Project Development Cost (PDC) section.
Estimated pricing on sale of Federal Tax Credits: $0. 74
Remarks concerning project funding sources:

(Please be sure to include the name of the funding source(s))

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Loans with Variable Amortization

Please fill in the annual debt service as applicable for the first 20 years of the project life.
Other Loan 1 - Charlotte Housting Truste Funds
Year: 1 2 3 4 5 6 7 8 9 10
Amt: 27409 27409 27409 27409 27409 27409 27409 27409 27409 27409
Year: 11 12 13 14 15 16 17 18 19 20
Amt: 27409 27409 27409 27409 27409 27409 27409 27409 27409 27409
Other Loan 2 - Charlotte Housing Authority Loan
Year: 1 2 3 4 5 6 7 8 9 10
Amt: 60000 60000 60000 60000 60000 60000 60000 60000 60000 60000
Year: 11 12 13 14 15 16 17 18 19 20
Amt: 60000 60000 60000 60000 60000 60000 60000 60000 60000 60000

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Development Costs
Eligible Basis
Item Cost Element TOTAL COST
30% PV 70% PV
1 Purchase of Building(s) (Rehab / Adaptive Reuse only) 1,003,000
2 Demolition (Rehab / Adaptive Reuse only)
3 On-site Improvements 1,000,000 800,000
4 Rehabilitation
5 Construction of New Building(s) 6,384,800 6,384,800
6 Accessory Building(s)
7 General Requirements (max 6% lines 2-6) 447,731 447,731
8 Contractor Overhead (max 2% lines 2-7) 156,153 156,153
9 Contractor Profit (max 8% lines 2-7; 6% if Identity of Interest) 468,459 468,459
10 Construction Contingency (max 5% lines 2-9, Rehabs 10%) 422,857 422,857
11 Architect's Fee - Design (11 + 12 = max 3% lines 2-10) 267,700 267,700
12 Architect's Fee - Inspection 25,000 25,000
13 Engineering Costs 148,000 148,000
SUBTOTAL (lines 1 through 13) 10,323,700
14 Construction Insurance (prorate) 36,000 36,000
15 Construction Loan Orig. Fee (prorate) 83,704 83,704
16 Construction Loan Interest (prorate) 126,000 126,000
17 Construction Loan Credit Enhancement (prorate)
18 Construction Period Taxes (prorate) 35,000 35,000
19 Water, Sewer and Impact Fees 97,500 97,500
20 Survey 23,500 23,500
21 Property Appraisal 8,500 8,500
22 Environmental Report 10,000 10,000
23 Market Study 10,000 10,000
24 Bond Costs
25 Bond Issuance Costs
26 Placement Fee
27 Permanent Loan Origination Fee
28 Permanent Loan Credit Enhancement

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29 Title and Recording 21,500
SUBTOTAL (lines 14 through 29) 451,704
30 Real Estate Attorney 170,000 150,000
31 Other Attorney's Fees
32 Tax Credit Application Fees (Preliminary and Full) 2,300
33 Tax Credit Allocation Fee (0.62% of line 60, minimum $7,500) 65,509
34 Cost Certification / Accounting Fees 45,000 45,000
35 Tax Opinion
36 Organizational (Partnership) 15,000
37 Tax Credit Monitoring Fee 84,000
38 Furnishings and Equipment
39 Relocation Expense
40 Developer's Fee 800,000 800,000
41 Additional Contigency (greater of $500/unit or $30,000) 60,000 20,000
42 Other Basis Expense (specify)
43 Other Basis Expense (specify)
44 Rent-up Expense 30,000
45 Other Non-basis Expense (specify)
46 Other Non-basis Expense (specify)
47 Rent up Reserve 36,000
48 Operating Reserve 180,000
49 Other Reserve (ACC Reserve) 200,000
50 Other Reserve (specify)
51 DEVELOPMENT COST (lines 1-49) 12,463,213 0 10,565,904
52 Less Federally Funded Grant
53 Less Disproportionate Standard
54 Less Nonqualified Nonrecourse Financing
55 Less Historic Tax Credit 0
56 TOTAL ELIGIBLE BASIS 10,565,904 0 10,565,904
57 Applicable Fraction (percentage of LI Units) 100.00% 100% 100%

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58 Basis Before Boost 10,565,904 0 10,565,904
59 Basis Boost of up to 130% 100.00% 100.00%
60 TOTAL QUALIFIED BASIS 10,565,904 0 10,565,904
61 Tax Credit Rate 3.50 9.00
62 Federal Tax Credits (maximum $1,300,000) 950,931 0 950,931
63 Federal Tax Credits Requested (if less than line 62) 0
64 Land Cost
65 TOTAL REPLACEMENT COST 12,463,213
FEDERAL TAX CREDITS IF AWARDED 950,931
Comments:
Project Development Cost per unit 53,207

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Market Study Information

Please provide a detailed description of the proposed project:
The proposed Steele Creek Senior Apartments will contain 120 units available to residents aged 55 years
and older. The project will consist of 102 one-bedroom units and 18 two-bedroom units. All of the units will
be contained in one building. The units sizes will range from approximately 660 square feet to 920 square
feet.
The community will be located off of Steele Creek Rd. The property is zoned for multifamily, flat, and
undeveloped.
There are no known evnironmental issues.
From a construction standpoint, Prosperity Creek will be developed as what is commonly referred to as
"Class A" rental units. Exterior and interior quality of construction and finishes will be of the highest
standards. The office/clubhouse will be contained within the building and exceed 4,000 square feeet.
Additionally there be sitting areas on each floor with balconies overloookin both the ground floor sitting room/
sunroom and the interior courtyard.
The community will be patterned after our extremly sucessful Prosperity Creek Seniors development
located in North Charlotte.
Construction (check all that apply):
Brick Vinyl Wood HardiPlank Balconies/Patios Sunrooms Front Porches
Front Gables or Dormers Wide Banding or Vertical/Horizontal Siding
Other:
A larger rear, community porch will be provided with access from the community room. Each upper floor will
contain a sitting area that overlooks both the main floor sitting area and the interior courtyard.
Have you built other tax credit developments that use the same building design as this project?Yes
If yes, please provide name and address:
Prosperity Creek Seniors
3701 Prosperity Church Road
Charlotte NC 28269
Site Amenities:
Garden Plots
Laundry Facility
Elevators
Leasing club room
Exercise facility
9' Ceilings
Washer Dryer Connections
Controlled Access

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Onsite Activities:
Supportive Services
Landscaping Plans:
The construction budget for the proposed project allocates approximately $1,000/unit for area landscaping,
which is consistent with many high-end, market-rate communties developed and constructed by Wood
Partners.
Interior Apartment Amenities:

The units will include:
Range
Hood
Dishwasher
Disposal
Refrigerator
Storage
W/D hookups
Mini-blinds
Pantry
Ceiling fans
Walk-in closets
Carpet and vinyl flooring
Central Air
Heat pump
Do you plan to submit additional market data (market study, etc.) that you want considered? No
If yes, please make sure to include the additional information in your pre-application packet.

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Applicant's Site Evaluation

Briefly describe your site in each of the following categories:
NEIGHBORHOOD CHARACTERISTICS
Trend and direction of real estate development and area economic health. Physical condition of buildings and
improvements in the immediate vicinity. Concentration of affordable housing.
South and west of I-485, the Steele Creek Road and York Road/S. Tryon Street corridors have been the
focus of significant residential and commercial development over the past five years. The single-family
communities are now largely established and are supported by ample, diverse shopping, services, and
grocery. New retail, flex medical, and office space continues to deliver and draw tenants east of Steele
Creek Road, along Brown-Grier Road.
Adjacent to our site is the recently constructed, Class-A Alta Steele Creek Apartments. Just north of the site
is a tax-credit community of reasonable appearance, Landing at Steele Creek, which appears to be the only
affordable multifamily housing in the area.
SURROUNDING LAND USES AND AMENITIES
Land use pattern is residential in character (single and multifamily housing). Extent that the location is
isolated. Effect of industrial, large-scale institutional or other incompatible uses, including but not limited to:
wastewater treatment facilities, high traffic corridors, junkyards, prisons, landfills, large swamps, distribution
facilities, frequently used railroad tracks, power transmission lines and towers, factories or similar operations,
sources of excessive noise, and sites with environmental concerns (such as odors or pollution). Amount and
character of vacant, undeveloped land. Most of the commercial and retail is concentrated along the York
Road/S. Tryon Street corridor. Turning west off York Road, the transition to more residential use begins
apace. The part of the Steele Creek Road corridor north of Westinghouse Boulevard is decidely residential.
While much of the housing is of the single-family variety, our site sits between the area's two major
multifamily developments. Warehouse, light manufacturing, and back-office commercial facilities are the
dominant uses through out this part of SW Charlotte. However, Westinghouse Boulevard, Sandy Porter
Road, Brown-Grier Road, and Steele Creek Road form a very consistent pocket of residential use. Traffic
and noise associate with the commercial and retail stay with York Road/S. Tryon Street. Undeveloped land in
the area is a combination of woods and open fields. There is a reasonable amount of available acreage, but it
largely works to insulate the single-family and multifamily communities from the office, commercial, and retail.
SITE SUITABILITY
Adequate traffic safety controls (i.e. stop lights, speed limits, turn lanes). Burden on public facilities
(particularly roads). Access to mass transit (if applicable). Visibility of buildings and/or location of project sign
(s) in relation to traffic corridors. Steele Creek Road has full traffic signals at both Westinghouse Boulevard
and Brown-Grier Road. Much of the segment of Steele Creek Road on which our site sits has been widened
and improved. The new apartment development adjacent to our site made many of these changes, including
a dedicated deceleration lane and a large asphalt shoulder. Our site would also likely include its own
deceleration lane and the extension of the asphalt shoulder. CATS Bus Route #55 runs past our site with
current stops nearby at Steele Creek/Brown-Grier and Westinghouse Commons/Westlake. Our development
will sit right along Steele Creek in full view.
Degree of on-site negative features and physical barriers that will impede project construction or adversely
affect future tenants; for example: power transmission lines and towers, flood hazards, steep slopes, large
boulders, ravines, year-round streams, wetlands, and other similar features (for adaptive re-use projects-
suitability for residential use and difficulties posed by the building(s), such as limited parking, environmental
problems or the need for excessive demolition).
None.

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Similarity of scale and aesthetics/architecture between project and surroundings.

Having developed the adjacent apartment community, we have every incentive to deliver a product of
correspondent scale and aesthetic.
For each applicable neighborhood feature, enter distance from project in miles.
2.0 Grocery Store 6.4 Community/Senior Center
2.1 Mall/Strip Center 6.9 Hospital
1.3 Outdoor Athletic 2.0 Pharmacy

Fields
2.1 Day Care/After 2.0 Basic Health Care

School
0.4 Public Transportation

1.3 Schools
Stop
2.1 Convenience Store 2.4 Public Parks
2.1 Gas Station 2.7 Library
Other facilities or services:

Post office (0.7 miles); dentist (2.1); fire station (2.1); bank (2.1); hair salon (2.1); fitness center (2.2); eye
care (2.2); and family practice medicine (2.7).

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Preliminary App Checklist
The following enclosures must be submitted along with your signed preliminary application. Some enclosures are required only under
certain conditions. Please check each applicable item to indicate that you understand the enclosure requirements and will enclose the
correct supporting documentation with your application.
Fee Payment
Check in the amount of $5,450.00 made payable to North Carolina Housing Finance Agency.
Tab A - Preliminary Application
Printed, signed copy of preliminary application generated from online system.
B - Map/Driving Instructions
A local map clearly identifying the location of the Site and detailed directions to the Site. Current City or County maps are preferred
– internet maps and directions are not acceptable. Applicant must also provide a map identifying the amenities listed in section IV
(A)(1)(b)(ii) of the QAP and their proximity to the site.
Applicant must provide a sign and boundary markers to clearly identify the road frontage of the site. The sign identifying the site
should read “SITE” with a minimum size of 11x17.
C - Community Revitalization Plan
Applicant should provide a map identifying the subject site within the Plan area (if applicable).
D - Evidence of Site Control
Provide valid option/contract or warranty deed and plot plan.
E - Site Plans/Scope of Work
Preliminary site plan, floor plans and elevations for all projects, interior and exterior photographs and detailed scope of work for
Adaptive Reuse and Rehab projects. Site and floor plans should be no larger than 11x17 and must be produced by a licensed
architect or engineer.
F - Information Package for Market Analysts
This section must include copies of items required in Tabs A, B, E and G (site and floor plans should be no larger than 11x17) and
can include any additional market information such as preliminary market studies the applicant would like to provide to the
Analysts.
G - Rent Roll (Rehabs only)
Provide the current rent roll for the property and indicate which units (if any) are receiving rental assistance.
H - Documentation for Basis Boost
Applicant should provide an appraisal and/or standard geological survey to support a request for the basis boost (if applicable).

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Print - APP09-0138

Print Preview - Preliminary

City: Charlotte County: Mecklenburg Zip: 28217

Census Tract: 59.02 Block Group: 10000

Is project in Qualified Census Tract or Difficult to Develop Area? No

Political Jurisdiction: The City of Charlotte

Jurisdiction City: Charlotte Zip: 28202-2839

Jurisdiction Phone: (704)336-2241

Site Latitude: 35.145143

Site Longitude: -80.974174

Project Type: New Construction

Is this project a previously awarded tax credit

New Construction/Adaptive Reuse:

If yes, list names of previous phase(s):

Does a community revitalization plan exist? No

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Target Population:Elderly (55)

If yes, provide the subsidy source: and number of units:

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City: Charlotte State: NC Zip: 28203

Alt Phone: (704)957-7036

Email Address: jam@woodpartners.com

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Total Site Acreage: 7.1 Total Buildable Acreage: 7.1

Storm Sewer Water Sanitary Sewer Electric

Is the demolition of any buildings required or planned? No

Are existing buildings on the site currently occupied? No

(b) Will tenant displacement be temporary?

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Purchase Date: Purchase Price:

(D) Enter Purchase Price: 1,003,000

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Is multifamily use permitted?Yes

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Owner Name: Steel Creek Seniors, LLC (proposed entity)

Federal Tax ID Number of Ownership Entity: (If assigned)

Org: WP Steele Creek, LLC (To be formed)

Phone: (704)332-8995 Fax: (704)332-8997

EMail: rjs@woodpartners.com Nonprofit: No

Org: Warren J. Durkin, Jr. Familiy Limited Partnership, L.L.L.P.

Phone: (561)893-0094 Fax: (561)893-0095

EMail: wjd@woodpartners.com Nonprofit: No

Org: SPUSO5 Wood Partners, LP (c/o CB Richard Ellis Investors, Inc.)

Phone: (704)332-8995 Fax: (704)332-8997

EMail: rjs@woodpartners.com Nonprofit: No

Org: Simpson Investors, LP

https://www.nchfa.org/Rental/RTCApp/(S(zemfxn55k1...6C880940263&SNID=3C6C6786500F4748B0508409665CD0AA (8 of 23)4/8/2009 2:07:17 PM

Phone: (704)332-8995 Fax: (704)332-8997

EMail: jrs@woodpartners.com Nonprofit: No

Org: Bernard Felder

Phone: (704)332-8995 Fax: (704)332-8997

EMail: bxf@woodpartners.com Nonprofit: No

Org: Kelly Dunbar

Phone: (704)332-8995 Fax: (704)332-8997

EMail: kwd@woodpartners.com Nonprofit: No

Org: Carter Siegel

Phone: (704)332-8995 Fax: (704)332-8997

EMail: chs@woodpartners.com Nonprofit: No

Org: Thomas Shoup

Phone: (704)332-8995 Fax: (704)332-8997

EMail: ths@woodpartners.com Nonprofit: No

Org: Karen Balas