#1Arbutus Walk Bray Residences Corp. Investor Presentation 2024#2Let Us Guide You. A Home Changes Everything. Arbutus Walk Arbutus Walk is a six-story, 115-unit condominium development situated in the heart of Langford, British Columbia. This project offers high-quality one- and two-bedroom residential accommodations, presenting a unique limited partnership investment opportunity. 02 ARBUTUS WALK INVESTOR PRESENTATION - V16#3Opportunity/Limited Partnership Investing Limited Partners have a preferred position in the Offering, receiving capital and preferred returns before Cynterra, the general partner, participates in profits. Limited Partner Investor Investment Vehicles LP: Non-Registered Trust: RRSP, TFSA, LIRA, RIF Bray Residences Limited Partnership General Partner Cynterra 03 ARBUTUS WALK INVESTOR PRESENTATION - V16#4Opportunity/The Investment Strategy Limited Partnership Contracted Preferred Annualized Return of 15% TFSA & RRSP Eligible 04 ARBUTUS WALK INVESTOR PRESENTATION – V16#5Opportunity/Arbutus Walk Limited Partnership Return On Equity: Investors will receive a targeted annualized 15%* preferred return on their investment as per the schedule. Projected Months Invested 369 12 15 18 21 24 27 30 33 36 Potential Returns 3.7% 7.5% 11.25% 15% 18.75% 22.5% 26.5% 30% 33.7% 37.5% 42.2% 45% *Exit upon sale of real estate and distribution of profits. 05 ARBUTUS WALK INVESTOR PRESENTATION - V16#6Opportunity/The Investment Strategy A two-stage equity partnership development Tranche one $4.0M • Zoning in place as per the new Langford Official Community Plan • Tranche one completion in 6 months with development permit in place • Purchased land $3,500,000 on 1 acre Prime central location just blocks from the town centre Good economics based on 115 units with upside potential 2 Tranche two¹ $7.0M • Completion within 24 months after completion of tranche one Development, construction and sales • Minimum 115 affordable condominium homes¹ Note 1: References made to the company's term sheet. Note 2: Current base assumption is to build 115 condominium homes permitted with current zoning and debt underwriting. 90 ARBUTUS WALK INVESTOR PRESENTATION - V16#7Investment Summary Project Summary Gross Revenue Sales Commissions Net Revenue Project Costs $57,942,540 $2,317,702 $55,624,838 Land Purchase $3,500,000 Soft Costs $4,217,333 Hard Costs (including parking) $28,595,680 GP Costs and G&A $3,474,684 $1,417,284 Contingency Finance Costs Total Project Costs $4,280,411 Projected Profit Projected Return On Cost Projected Project IRR $10,139,446 22.3% 21.3% $45,485,392 07 10 ARBUTUS WALK INVESTOR PRESENTATION – V16#8Investment/Proforma - 115 Units (Arbutus Walk) Net Revenue Project Costs Land Purchase Total / Unit $55,624,838 $483,694 / Sq. Ft. $777.60 $3,500,000 $30,435 $48.93 Soft Costs $4,217,333 $36,672 $58.96 Hard Costs (including parking) $28,595,680 $248,658 $399.75 GP Costs and G&A $3,474,684 $30,215 $48.57 Contingency Finance Costs Total Project Costs Projected Profit Project Capital $1,417,284 $12,324 $19.81 $4,280,411 $37,221 $59.84 $45,485,392 $395,525 $635.86 $10,139,446 $88,169 $141.74 Equity Sources $11,000,000 $95,652 $153.77 Construction Loans $34,485,392 $299,873 $482.08 Total Project Capital $45,485,392 $395,525 $635.86 08 ARBUTUS WALK INVESTOR PRESENTATION - V16#9Project / Arbutus Walk Zoning is currently approved for 115 condominium homes with a total of approximately 69,517 sf saleable FSR 3. Studio: 20 homes at 500 sf 1 Bed: 45 homes at 545 sf 1 Bed + Den: 28 homes 655-710 sf 2 Bed: 22 homes at 655-800 sf ARBUTUS WALK INVESTOR PRESENTATION -V16 09 60#10ve ブラブラブラブ ED Linda Ln Carlow Rd LE Bray Ave e Bray Ave, Victoria, BC V9B 2S9 Centennial Tennis Courts Happy Campers Daycre Bray Rita Rd Rita Rd Bray Ave Crandall Ave Acknowledging the traditional territories of the Lekwungen (Songhees) and Sc'ianew (Beecher Bay) ancestors and families. 10 ARBUTUS WALK INVESTOR PRESENTATION – V16#11eigh Pl Lashes and Lavender Leigh Rd Leigh Ro McCallum Rd Savory Rd Kramer Lands FOBAT The Good Party Creative Planning & Centennial Gardens Leigh Rd Spencer Rd e nce Lake Brock pr Shell MR MIKES SteakhouseCasual L Brock Ave Matson Ro Ruth King Elementary GoldStream Ave Spencer Middle School Sabhai Thai Costin Ave Carlow Rd Arbutus Walk Dunford Ave Lion's Pride Gymnastics Henry Eng Pr Langford Lanes Google Earth Auto Karr Rd Centennial Park Rita Ra Bray Ave Knotty Pine Rd Jacklin Rd Mountain View Gardens Yen Isle Wal Station Ave Dunford Ave Walmart Supercentre Langford Pkwy White Spot Langford Langford Pkwy Costco Wholesale 14 The Storage Room Langford- Victoria Kingdom Hall Of Jehovah's Witnesses Peatt Ro Langford Gateway Strandland Ave Great Looking Hair Extensions Langford Park & Ride Strathmore Rd Sharp Orthodontics Langford Technical University Massie Dr Pealt Rd. Wentwich Rd Steller Concrete Panville Rainville Rd Hoffman Ave Browns Socialhouse Langford Boston Pizza Atkins Ave Hockley Ave House of Boateng Cafe Langford Langford Station Ave Veterans Memorial Park Phipps Rd Harris Victoria Dodge Selwyn Rd Hill Rd Mill Hill Regional Park Crystal View Elementary Mill Hill Regional Park Main Parking Lot Hoffman Ave Mill Hill Regional Park Atkins Ave Westwind Dr Savory Elementary Wilder Restoration Grainger Ro Solo Suites Goldstream Residences Goldstream Ave Goldstream Ave away Ave Selica Rd Ruby Ct atinum Pl ARBUTUS WALK INVESTOR PRESENTATION-V16 Ats Ave Kristina Po Sharp & Sharper Millstream Cre amarack Gamble gr Goldstream Ave Royal Colwood Golf Club N Lowe's Home Improvement David Cameron Elementary McDonald's 500 m 11#12A1000 ARTISTIC VISUALS nick bray architecture 301-425 W Avenue, Vancouver BC, VSY 125, Canad 804-506-0022 | [email protected] DRAFT nb 04-MAR-22 IssueD FOR CUEN REVIEW REV DATE DESCRIPTION Copyrigh When dimensions shall have precedence over coiled dimaratons Contractor that very and be respondble for all dimensions and conditions on the job that claffication of wron dicrepancist, doubifu Hommation coed in contract drawings and documents due to obtain such claffication nden the Contractor seponible for any acting improper we and the cost of recification 975,979,983 Bray Avenue LANGFORD, BC PROJECT NUMBER: 21096 RENDERS A1000 12 ARBUTUS WALK INVESTOR PRESENTATION - V16#132 A1001 ARTISTIC VISUALS nick bray | architecture 306-425 W Avenue, Vancouver BC, VSV 325, Canada 604-506-0022 [email protected] DRAFT nb 04-MAR-22 ISSUED FOR CUENE REVIEW REV DATE DESCRIPTION Copyright A wan dimensions shall have precedence over scaled dimensions Contacton shall vety and be responsible for a dimensions and conditions on the job indeque claffication of wron dicspondet, or doubtful infomation ordined in contract drawings and documents Fake to obidin such dafficalton nden the Contractor pandble for any wing improper won and the cad atract 975,979,983 Bray Avenue LANGFORD, BC PROJECT NUMBER: 21096 RENDERS A1001 13 ARBUTUS WALK INVESTOR PRESENTATION - V16#14Oasis Landscape PENTHOUSE OUTDOOR AMENITY SPACE - LANDSCAPE 1 DESIGN [m6'9] {9-7 15-11 [4.80M) 52-6 [16.00M) 4 bench 6 3 *barbecue BARBECUE AREA * deck 7 2 4 5 BAR AREA FIRE PIT AREA 3. 1 5 7 barbecue area 6 OUTDOORS bar area fire pit area AMENITY SPACE 670 SQ. FT 5 2 3 4 basalt stone flooring wooden deck raised floors raised plant beds bar area ARBUTUS WALK INVESTOR PRESENTATION V#15* Oasis Landscape DESIGN GROUN FLOOR - COMMON GARDEN 5 7 Arbutus Tree 6 Playground basalt flooring 7 7 deck basal flooring * grass basalt flooring 1 deck greed green 6 Playground bench 3 grass bench grass -reinforced concrete planting areas basalt flooring 3 grass 3 7 basalt flooring benci 7 green area SETBACK Bar Area grass green area grass BAR AREA basalt flooring bench 3 4 green FIRE RIT AREA bench Seating Area 3 5 basalt flooring 7 Seating Area Entrance Seating Area Entrance area green barea SENBACK LINE basalt flooring 1 VISITORS BIKE AREA PROPERTY LINE 2 gravel grass Bicycle Parking rocks 2 rocks Rock garden 3 Bench -reinforced concrete planting areas 4 Fire Pit Area 15 ARBUTUS WALK INVESTOR PRESENTATION - V16#16opaque screen- opaque screen opaque screen- PROPERTY LINE PROPERTY UNE upay SETBACK LINE PROPERTY LINE KLINE TYPE D 2 BED 738 SQ FT TYPE B 1 BED 545 SQ.FT PROPERTY LINE SETBACK LINE PROPERTY LINE TYPE A STUDIO 500 SQ.FT LOBBY TYPE A STUDIO 500 SQ.FT TYPE A TYPE C TYPE C TYPE C STUDIO 1 BED + DEN 1 BED + DEN 1 BED + DEN 500 SQ.FT 655 SQ.FT 655 SQ.FT 655 SQ.FT LOBBY TYPE B 1 BED 545SQ.FT AMENITY. 726 SQ.FT opaque screen- TYPE B 1 BED 545 SQ.FT CORRIDOR TYPE B 1 BED 545 SQ.FT opaque screen A103 फलावर PROPERTY LINE TYPE F 2 BED 710 SQ FT TYPE D 2 BED 740 SQ FT GROUND FLOOR PLAN TYPE B 1 BED TYPE B 1 BED 545 SQ.FT 545 SQ.FT SETBACK LINE PROPERTY LINE that ves MA CORRIDOR N ant " TYPE E 2 BED 700 SQ.FT * * * or te th ten g that MECH. 200 SQ.FT થતા કાર મારે આ તમ સાથે કરવો છે પર કરણ તે સમ ANN wo www that * w ant wwwww www SETBACK LINE PROPERTY LINE www એક નાર લોક રાહ ચિર વાળા ના હોશે જા ww SETBACK LINE SETBACK LINE PARKING RAMP PROPERTY UNE PROPERTY LINE REV nick bray architecture 30-435W Avenue, Vancouver, BC, VSY ZS, Canada 604-506-8022 | Infonickbrayarchitecture.com DRAFT CH-MAR-32 DATE ISSUED FOR CUENT REVIEW DESCRIPTION nb Witen dimensions shall have precedence over scaled dimension Contracton shall verify and be responsible for all dimensions and Benders an the job; shall requd clarification of ar discrepancia or doubtful Information contained in contract dhang and documents fallure to obtain such clarificatiom andan the Contractor responible for any suiting Improper work and the cod of reclication. 975,979,983 Bray Avenue LANGFORD, BC PROJECT NUMBER: 210W GROUND FLOOR PLAN 1/8" = 1"-0" A103 16 ARBUTUS WALK INVESTOR PRESENTATION - V16#17Project / Location Amenities Local Fun For The Old and The Young Parks and Recreation Goldstream Provincial Park: Almost 1000 acres 4 Lakes: Langford Lake, Glen Lake, Florence Lake, and Lake Ida Anne Langford Lake: A 15-minute walk Sports Team Pacific FC: 2021 Canadian Premier League Champions Starlight Stadium: 6,200 seats and Home of Rugby Canada Golf & Tennis Private Royal Colwood Golf Bear Mountain Golf & Tennis Resort: 36 holes designed by Jack Nicklaus, indoor/outdoor red clay tennis courts Olympic View Golf Club Skiing Mount Washington: A 2.5-hour drive Surfing Sombrio Beach: A 1.3-hour drive Jordan River: A 1-hour drive Shopping Westshore Town Centre: A 15-minute walk Millstream Shopping Area: A 6-minute drive Langford Colwood Royal Colwood Golf Club Mill Hill Regional Parl Hatley Castle 17 ARBUTUS WALK INVESTOR PRESENTATION - V16#181. 2. Quality & Affordability at Arbutus Walk in Downtown Langford Langford was voted as the most livable community in Canada. The most resilient city and best place to work in BC.2 Rates.ca BC Business Magazine UE Diem NOW 18 ARBUTUS WALK INVESTOR PRESENTATION - V16#19A commitment to building new affordable homes Since its incorporation in 1992. Long-time former Mayor Stew Young, elected when it was incorporated in 1992, was committed to densifying Langford. 'We're adding 2,000 to 3,000 people a year here. "We're in an affordable housing crisis, so we're doing our part. We're building more homes than anyone in the region. We're doing our part of the regional development strategy that was worked out 20 years ago where it was determined that Langford would take the bulk of the new growth." "We put in the sewers, we put in the infrastructure. Twenty years ago, there was nothing to do and no jobs in Langford. Now there's good jobs, government offices are moving here, we have new schools, playing fields and all the things that go along with development." 31 709 30 156 33 173 Langford Population Estimates (Source: BC Stats) 37 234 35 707 34 301 ill 39 043 49 345 46 804 44 394 42 021 40 628 2012 2013 2014 2015 2016 2018 2019 2020 2021 2022 2011 2017 This is an important metric for economic developers to measure their economic health and investment attraction. Businesses also use this as a metric for market size when evaluating startup, expansion or relocation decisions. 19 ARBUTUS WALK INVESTOR PRESENTATION – V16#20Langford Langford #1 on top-10 list of fastest-growing cities in B.C. Attracting businesses, offices, and jobs is by design, allowing families to live and work in one place. Langford ranked best community in B.C. by Maclean's Magazine Through strong partnerships with the business, recreation and development community, the City of Langford has been able to keep property taxes low, allowing residents an affordable and well-rounded quality of life. Langford was ranked the most livable place in Canada by rates.ca It is an attractive, small but fast-growing West Coast city. Langford tops list of B.C.'s most resilient cities amid the pandemic from BC Business and Environics Analytics Based on demographics, workforce composition, real estate, and employment trends. 20 ARBUTUS WALK INVESTOR PRESENTATION - V16#21"Businesses and entrepreneurs see Langford as the place where they want to do business and must be located. It is no coincidence that the City of Langford is one of the fastest growing cities in Western Canada, growing on average between 4-5% each year (for the past 5 consecutive years, and surpassing the Provincial average growth of 1.3%." Source: Langford.ca 21 ARBUTUS WALK INVESTOR PRESENTATION - V16#22BUSINESS GROWTH Recently voted Best Place for Work in B.C. by B.C. Business Magazine "We roll out the red carpet for anybody with a new business, and we make sure that we look after them.... I phoned Costco to come, I phoned Home Depot, and we went after a lot of the big boxes in the beginning to create a tax base." Mayor Stew Young $45 million Tesla opened Vancouver Island's first Tesla store, service, and delivery center in June 2023. The 35,000 sq ft building is estimated to be worth $45 million. $44 million Plexxis Software moved its headquarters from Ontario to the new Plexxis Tower in Langford, a $44 million, 80,000 sq ft facility. The decision was based on Langford's appeal for lifestyle, recreation, talent, affordable housing, and the city's business-friendly approach. TESL A ZE 22 ARBUTUS WALK INVESTOR PRESENTATION - V16#23Team / Cynterra Group Robert Fraser CEO and President Bob provides a 40-year career of expertise in real estate acquisition, finance, and development. His time and tenure as a specialist in finance and real estate bring proficiency to facilitate and manage a debt fund and specifically to analyze the value of the real estate assets being funded. Bob has built a team of trusted and experienced experts in real estate project development, marketing, and sales. Together they ensure the success of the projects. Bob has partnered with established Exempt Market Dealer - Charterhouse Prime Investments for the investment offerings. Cynterra Group 23 ARBUTUS WALK INVESTOR PRESENTATION - V16#24Disclaimer & Forward-Looking Statement This document has been prepared by prepared by Bray Residences Corp. ("the Company"), the general partner of Bray Residences Limited Partnership (together the "Issuers) and is being provided solely as a guide to give background information to enable recipients to assess whether they wish to enter into discussions with the Company regarding this development project. *All statements or views expressed and all statements relating to expectations regarding future events, or the possible future performance of the proposed transaction represent the Issuers' assessment and interpretation of information available as of the date of this document. Prospective Investors must determine for themselves what reliance (if any) they should place on such views, and the Issuers accept no responsibility in respect thereof. Prospective investors are strongly advised to conduct their due diligence, including, without limitation, the legal and tax consequences of investing in the proposed transaction. *No representation or warranty, expressed or implied, is or will be given by the Issuers or any of their advisors. Should any views be given as to expectations, these are illustrative only; none of the opinions should be taken as forecasts or promises on the part of the Issuers, nor should they be taken as implying any indication, assurance or guarantee that those assumptions are correct or exhaustive. *All liability for reliance on the contents hereof is expressly excluded. *This document does not constitute investment advice. This document does not amount to an invitation or inducement to buy or sell an investment, nor does it solicit any such offer or invitation in any jurisdiction as it is only provided for information purposes. *Should participation occur such participation may expose potential investors to a significant risk of losing their investment. Forward-looking Statement *This document may contain forward-looking information that is or may not be complete. Any project analysis and forward-looking information is the Issuers projections based on project planning and analysis using industry-accepted assumptions and analysis techniques for the real estate market for the Project and is subject to error. While the Issuers' management believes its assumptions and analysis are valid and reasonable, actual results may vary from the forward-looking information and there are a number of inherent risk factors, such as variability in real estate pricing, prices for construction materials, and government policy that could have a negative impact on the Issuers or project and could cause actual results to differ materially from the forward-looking information. The Issuers undertake no responsibility to update their forward-looking information. The reader is directed to the Issuer's current disclosure document, if any, for full consideration of the risks, assumptions, and forward-looking information. 24 ARBUTUS WALK INVESTOR PRESENTATION – V16#25▶ Cynterra Group Cynterra Projects Inc. 1201-750 West Pender Vancouver, BC V6C 2T8 1-888-823-3558 cynterragroup.com ו CHARTERHOUSE PRIME INVESTMENTS Charterhouse Prime Investments Ltd. 404-999 Canada Place Vancouver, BC V6C 3E2 1-778-945-3006 charterhouseprime.com 25#26Arbutus Walk Thank You 1201-750 West Pender Street Vancouver, BC V6C 2T8 www.cynterragroup.com