Sundial will manage the Property with the help of a live-in property manager, available for day-to-day management issues. The Company also plans to engage Sundial Real Estate as property manager. Eastfield Contracting has completed renovations for the last five Projects purchased by Neighborhood Ventures. $500,000 is planned for improvements to the 120 units to include painting, replacement flooring, fixtures, and appliances. $100,000 is earmarked for both exterior and common area upgrades including painting, improvements to the front building facade, landscaping, improvements to the gym, lobby, and mail facilities and for the creation of a shared workspace exclusively for residents. The total renovation budget is expected to be $600,000. The Company plans to engage Eastfield Contracting, a third party contractor, to complete the renovations. Renovations will begin as soon as the Property is acquired and should be completed within four months. While the approval process is underway, the Company plans to first renovate the existing units in anticipation of the conversion, and then rent them as short-term stay AirBNB style units, to generate immediate cash flow. Neighborhood Ventures has formed Venture on Country Cub, LLC (the 'Company') to purchase the Property. Zoning approval is required for this conversion and is expected to take about 12 months to obtain. It is currently being operated as a hotel, but the Company’s plan is to convert it into a traditional multi-unit rental building. The Property was originally built in 1985 and consists of 120 units - 35 studio units, 73 one-bedroom and one-bathroom units, and 12 two-bedroom and two-bathroom units. Venture on Country Club plans to purchase a 120-unit hotel located at 1410 S Country Club, Mesa, Arizona 85210 and convert it into a multi-family residential apartment building.

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