Discussion of Proposed Development – North Park Road Residential Apartments — North Park Road Residential Multifamily site concept

Development Summary From Site Concept #3 Program Example 45-unit building (Siena Crossing, Ankeny) Same Hubbell / Simonson building type proposed for Tiffin; final mix to be refined. • 18.9-acre site on Park Road, Tiffin (adjacent to existing R1-E zoning) • 3 stories, wood frame, approx. 216' x 69' footprint, pitched shingle • 315 total units in seven 3-story, 45-unit apartment buildings • Central club / fitness building with outdoor pool roof • 661 total parking stalls (2 per unit + 31 guest): 569 surface + 89 • 45 units per building, double-loaded corridor, two stairs detached garage • Mix per building: 9 studio | 22 one-bed | 11 two-bed | 3 three-bed • Stormwater detention shown conceptually at the south end; location • Studio ~660 SF | 1 BR 720–780 SF | 2 BR 963–1,055 SF | 3 BR still being explored by MMS 1,147–1,181 SF • Optional future cross access to the south; primary access from Park • Private balconies on upper floors; ground-floor patios Road • Quartz counters, stainless appliances, in-unit washer/dryer, walk-in closets Phasing Exterior character • Phase I – 180 units (4 buildings), clubhouse & pool; 363 stalls (318 surface + 45 garage) • Manufactured limestone veneer and slate-color thin brick at base • Phase II – 135 units (3 buildings); 298 stalls (251 surface + 44 garage) (primary) • Fiber-cement board & batten and lap siding – Arctic White / Light Proposed setbacks shown on concept Mist • Black windows, railings, fascia, gutters, and light fixtures • 20' front (Park Road) | 12' side | 30' rear • Charcoal architectural shingles; gabled roof forms and bump-outs for rhythm • Proposed exterior mix for Tiffin: ~70% fiber-cement siding, ~20% stone/brick, ~10% glazing 755 Mormon Trek Blvd · Iowa City, IA 52246 · 319.339.9320 · SouthGateCo.com Park Road Residential | Tiffin, Iowa | Concept – September 22, 2026 REAL ESTATE INVESTMENT • PROPERTY MANAGEMENT Conceptual only – subject to change