A Land Development Company

3470 Wilshire Blvd., Suite 1020, Los Angeles, CA 90010 I Tel: 213-365-005 Fax: 213-365-0405 I www.gidllco.com

KERN CANYON ROAD @ CHASE AVENUE :: BAKERSFIELD, CA

CONFIDENTIAL OFFERING MEMORANDUM

INVESTMENT SUMMARY

CITY IN THE HILLS MASTERPLAN

BED

FOR

D G

REE

N

DR

IVE

MA

STERSO

N STR

EET

PALADINO RD.

VIN

ELAN

D R

D.

FUTURE ELEMENTARY/MIDDL

E SCHOOLS

MESA MARIN SPORTS COMPLEX

FUTURE COMMERCIAL

MESA MARIN INDUSTRIAL

PAYLESS MINI STORAGE

CESAR CHAVEZ ELEMENTARY

FUTURE 160 RESIDENTIAL LOTS

SECTIO

N 1

9

FUTU

RE

MA

STERP

LAN

FOR

1

40

1 R

ESIDEN

TIAL

LOTS

Location: South of Highway 178 on Kern Canyon

Rd., Northeast Bakersfield, County of

Kern, California

Acreage: 19.21 acres

Zoning: R-2 PUD for 320 multi-family units

Topography: Gently sloping allowing for excellent

views

Conditions: Subject site is currently in an

“unimproved” condition and will be

sold in “as is” condition.

ASKING PRICE: MAKE AN OFFER!

2 All Matters contained herein are confidential.

This Confidential Offering Memorandum (the “Memorandum”) has been prepared by Global Investment & Development, LLC (the “Company”) for distribution to a limited number of parties and does not necessarily purport to be all-inclusive or to contain all of the information that prospective buyers may need or desire, nor does it purport to provide an accurate summary of the Company or any of the documents related thereto. Although the information contained herein is believed to be correct, Global and their employees disclaim any and all liability for representations and warranties, expressed and implied, contained in, or for omissions from, the Memorandum or any other written or oral communication transmitted or made available to the recipient.

The Memorandum does not constitute a representation that there has not been a change in the business or affairs of the Company since the date of preparation of the Memorandum. Analysis and verification of the information contained in the Memorandum is solely the responsibility of the prospective buyer.

The Company expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers regarding an investment in the Program and /or terminate discussions with any entity at any time with or without notice or without any liability.

THIS CONFIDENTIAL OFFERING MEMORANDUM AND THE CONTENTS, EXCEPT SUCH INFORMATION WHICH IS A MATTER OF PUBLIC RECORD OR IS PROVIDED IN SOURCES AVAILABLE TO THE PUBLIC, ARE OF A CONFIDENTIAL NATURE.

BY ACCEPTING THE CONFIDENTIAL OFFERING MEMORANDUM, YOU AGREE THAT YOU WILL HOLD AND TREAT IT IN THE STRICTEST CONFIDENCE, THAT YOU WILL NOT PHOTOCOPY OR DUPLICATE IT, THAT YOU WILL NOT DISCLOSE THE MEMORANDUM OR ANY OF THE CONTENTS TO ANY OTHER ENTITY, EXCEPT THAT THE INFORMATION MAY BE DISCLOSED TO YOUR LEGAL AND FINANCIAL CONSULTANTS WHO AGREE TO KEEP SUCH INFORMATION CONFIDENTIAL AND WHO NEED TO KNOW THE INFORMAITION FOR PURPOSES OF EVALUATION OF THE PROGRAM, WITHOUT THE PRIOR WRITTEN AUTHORIZATION OF THE COMPANY, AND THAT YOU WILL NOT USE THE MEMORANDUM OR ANY OF THE CONTENTS IN ANY FASHION OR MANNER DETRIMENTAL TO THE INTEREST OF THE COMPANY. YOU HEREBY AGREE TO RETURN THE MEMORANDUM TO GLOBAL UPON WRITTEN REQUEST BY GLOBAL.

If you have any question, please contact:

Aaron Rivani, Principal

Mobile No: 213-200-2890

Email: arivani@gidllco.com

3 All Matters contained herein are confidential.

4 All Matters contained herein are confidential.

CITY IN THE HILLS MASTERPLAN

BED

FOR

D G

REE

N D

RIV

E

MA

STERSO

N STR

EET

PALADINO RD.

VIN

ELAN

D R

D.

FUTURE ELEMENTARY/MIDDLE

SCHOOLS

MESA MARIN SPORTS COMPLEX

FUTURE COMMERCIAL

MESA MARIN INDUSTRIAL

PAYLESS MINI STORAGE

CESAR CHAVEZ ELEMENTARY

FUTURE 160 RESIDENTIAL LOTS

SECTIO

N 1

9

FUTU

RE M

ASTER

PLA

N

FOR

14

01

RESID

ENTIA

L LO

TS

The subject site is conveniently located just south of

State Route 178 on State Route 184 which provides

easy access to State Route 99 and all Bakersfield area

amenities.

It is surrounded by existing and future residential and

commercial developments.

5 All Matters contained herein are confidential.

APN: 533-012-48

ACREAGE: 19.21

ZONING: R-2 PUD FOR 320 UNITS

6 All Matters contained herein are confidential.

Schools & District:

Bakersfield City School District (BDSD)

• Cesar Chavez elementary School (K-6)

• Compton Junior High School (7-8)

Kern High School District (KHSD)

• Foothill High School (9-12)

Utility Providers: (see utility map)

Water – California Water Service Co.

Sewer – City of Bakersfield

Electricity – Pacific Gas & Electric Co. (PG&E)

Natural Gas – Pacific Gas & electric Co. (PG&E)

Telephone – SBC (Pacific Bell)

Comments:

Seller is flexible and amenable to

creatively structure a transaction

allowing Buyer to further entitle,

map or site plan.

CESAR CHAVEZ

ELEMENTARY FUTURE

ELEMENTARY &

MIDDLE SCHOOL

CITY OF

BAKERSFIELD

SPORTS

COMPLEX

7 All Matters contained herein are confidential.

SEE ATTACHED UTILITY MAP

K

LivingLiving

DD Bath Bath K

B1 B1 B2

79.5'11' 11' 12'

8' 8'

8'8'8'

11'

11'

11'

17'

22'

17'

8'

7'

22'22'

803 sf.946 sf.

B3 Bath

8 Units - Two Story Building

Living

LivingD DBath K

B1 B2 B1

B2

17'

14.5 13'

20'

K8'

10'

12' 8.5'

8'11' 11'

11'

11'

11'

10'

11'

Bath

6'

25' 1200sf.1000sf.

320 Total Units

Off street parking - 494 spaces On street parking - 109 spaces

Total parking provided: 603Total parking required: 607

Kern C

anyo

n Roa

d ( S

tate R

te. V

I - Ker

- 184

)

Chase Ave.

Apartment ComplexA Portion of the Northeast Quarter ofSection 20, T. 29 S., R. 29 E., M.D.M.being in the City of Bakersfield, County

of Kern, State of California

18.94 Acres

Developer:

Global Investment & Development, LLC.3470 Wilshire Blvd., Ste. 2010Los Angeles, CA. 90010(213) 365-0005

Engineer - Surveyor:Hendricks EngineeringJerry L. Hendricks, RCE,LLS2003 20th StreetBakersfield, CA. 93301(661) 326-1543

Apartments:

30'

30'

56'

NORTH0 60 120

FeetScale: 1" = 60'

Sheet 1 of 1 Sheets

Project Site

State Hwy. 178

State H

wy. 18

4

Chase Ave.

Mes

a M

art in

Dr .

Vicinity Map

6' Conc. Blk. WallCity of Bakersfield Sports Complex

Dra

inag

e C

hann

el

N 0

0º31

'02"

E 1

,23 8

. 21 '

N 46º59

'44" E

1,83

6.24'

8' Landscape Easement

20'

20'

25'

80 - 1 Bedroom Units160 - 2 Bedroom Units80 - 3 Bedroom Units

City Standard 2-Bin Handicap Trash Enclosure

Handicap Parking Space

Legend:

Handicap parking - 26 spaces

N 89º28'50" W 1165.78'

Planning Information:

Improvements - per City StandardsWater: Califronia Water Service CompanySewer: City of BakersfieldElectricity: Pacfic Gas & Electric CompanyNatural Gas: Pacific Gas & Electric CompanyTelephone: SBC ( Pacific Bell)

Proposed Use & Zoning: 19.45 ac. R - 2Existing Zoning: 19.45 ac. R - 2

Exisitng Use: VacantGeneral Plan Designation: Existing -

Net Density: R - 2 = 18.94 net ac., 16.9 units / ac.

Schools & Districts:Elementary Schools - Cesar Chavez SchoolJunior High School - Compton Juhnior High SchoolHigh School - Foothill High School

Y

S

NO. 4992LIC

EN

SE DL AND

CALI FORNIA

FOET

TA

S

HENDRICKS

L.

JE

RRY

Exp. 9/30/11

URVEO

R

Jerry L. Hendricks, CE34789exp. 12/31/11

Mesa Marin, LLC c/o

700'

684'

682'

682'

684'

Ex. Conc. Curb & Gutter

Tract N

o. 61

93

Phase

1

Map B

k. 54

, Pg.

34

55'

55'1

39

3

4

5

8

11

12

13

14

16

1718

1920

21

22

23

24

2526

2827

32

30

29

35

34

33

36 37 38

S 46º59'52" W 38.36'N 00º31'10" E 24.90'

S 89º28'50" E 16.26'

2

Emergency Gate

Emergen

cy G

ate

6

15

Parking:6' Wall

6' C

onc.

Blo

ck W

all

7

Office

Rec

reat

ion

Roo

m Pool

40

31

HMR (High Medium Density)

40'

40'20'

20' 50'

20'

20'

25'

Tot Play Area

6' Wall

20'

20'

109

City of BakersfieldSports Center

SD

SD

SD

SD

SD

SD

SD

Ex.

24"

Sto

rm D

rain

Pip

e

SS

SS

SS

SS

SS

S

Ex.

21" S

ewer

Mai

n

CalWate

r Ex.

Wate

r 10"

Main

W

W

W

W

W

W

W

W

E

E

E

E

Ex. UnderGround Electrial

Ex. Overhead Electrial

G

G

G

G

G

G

G

G

G

G

G

G

G

G

G

G

G

G

Ex. P.G.& E. Gas Pipeline

Utilities:S

SD

W

G

E

City of Bakersfield SewerCity of Bakersfield Storm DrainCalWater Water lineP.G. & E. Gas PipeleineP.G.& E. Electrical Main LineProject Boundary

August 22, 2012

Future

Future Electrial Service

Future Water Service