OFFERING SUMMARY

Berkeley Capital Advisors is very pleased to present this offering summary on The Courtyard at Chapel Hill, a mixed-use development located in Chapel Hill, North Carolina. We welcome your review of this attractive investment opportunity.

SUBMARKET OVERVIEW

- European-style mix of retail and office space surrounding a courtyard fountain

- Ideally situated on West Franklin Street, the main retail corridor of Chapel Hill

- Located on the corner of West Franklin Street and Roberson Street

- Within walking distance of UNC-Chapel Hill, less than one mile away from campus

- Established infill area with limited land for new development

- Additional parking available adjacent to property

- Traffic Counts

West Franklin Street: 14,000 VPD Source: NCDOT 2007