Project Team
Developer 1200 Main GP, LLC (Arden Residential / Kingdom Development) Property Manager Aperto Property Management, Inc.
Contractor Wilshire Construction
Investor R4 Capital
Project Information
Construction Type Adaptive Reuse
Stories 9
Total Building Area 120,490 sf
Interior Amenity Space 5,306 sf
Common Area Space 6,380 sf
# of Parking Spaces TCAC application denotes 0 spaces, but property marketing materials reference 271 spaces Total Development Costs $71,303,707 $375,283 / Unit
Unit Mix
Studio 16
1 BR 168
2 BR 6
Total Units 190
Affordability & Population
Target Population General Affordable
ADA / Accessible Units 47
Average Affordability 60% AMI
Affordability Mix Count AMI % Subtotal
Studio 2 30%
Studio 2 50%
Studio 6 60%
Studio 6 70% 16
1 BR 17 30%
1 BR 17 50%
1 BR 63 60%
1 BR 69 70% 166
2 BR 1 30%
2 BR 2 60%
2 BR 3 70% 6
Manager's Units (1 BR) 2 — 2
Total Units 190
Permanent Financing Amount
Citibank $40,069,185
Tax Credit Equity 24,948,879
GP Equity / Deferred Developer Fee 6,285,643
Total Permanent Financing $71,303,707
Development Timeline Date
Construction Start November 2026
Construction End May 2028
Placed in Service June 2028
Occupancy Target Date September 2028
Total Duration 22 months
1200 Main – Project Summary
EXHIBIT 2