SOMERBY. The Stephens Tract A Proposed Campus Style Senior Residential Community. To be Located on a Portion of The Stephens Tract

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1 SOMERBY of Peachtree City The Stephens Tract A Proposed Campus Style Senior Residential Community To be Located on a Portion of The Stephens Tract Request to Lift the Existing Multi-Family Moratorium By Dominion Partners & Somerby Senior Living

2 SOMERBY of Peachtree City OVERVIEW Somerby of Peachtree City, as proposed, will be classically designed in the rich tradition of Peachtree City, one of the South s most unique communities. Based on our preliminary market research, Somerby of Peachtree City would consist of no greater than 350 residences comprised of approximately 160 to 180 Independent Living, 48 Assisted Living and 24 Memory Care Apartment Homes within a Central Community Building. The balance of the community is proposed to be a combination for-sale and for-rent detached buildings of two, three, four and six residences each. Somerby will be strategically located on an estimated 26 acres of non-wetland and buffered land. Somerby will be designed to blend into the Peachtree City landscape and its renowned living environment offering premier senior housing and Healthcare related services to adults 55-years of age and older. Our Somerby Senior Living concept is best described as a Continuum of Housing and Care for seniors offering three Independent Living options (for-sale and forrent attached housing and for-rent apartment homes) as well as Assisted Living, (secured) Memory Care and Respite Care apartment home residences. Having a community in Peachtree City of Somerby s type and caliber, would reduce the future need for separate free-standing Independent Living, Assisted Living and/or Memory Care communities, thus reducing the future development impact for Peachtree City. Unlike many of the senior communities currently being developed in the greater Atlanta area (which are Fee-Entry communities) our Somerby Senior Living concept is a combination of fee-simple and for-rent residences. The majority of Somerby will be offered on a for-rent basis with no entry-fee or large deposits. Dominion Partners currently has a 284 unit for-rent senior residential community under construction in Alpharetta on 18.3 acres, which is slated to open December 1 of this year. The Manor at Somerby will consist of approximately 70 for-sale residences on acres of adjoining land. Top Quality, High-End Senior Living Our proposed Somerby of Peachtree City Senior Residential Community will provide all the basics and pleasures of life under one roof. The unique blend of living options and related services are more akin to Country Club type amenities and living. Dominion Partners goal is to cater to the needs of our residents in a comfortable yet classy, affordable yet first-rate, and relaxing yet active environment. The full array of Planned Activities, Exercise Programs and Wellness Opportunities are built around Somerby s Amenities, which include senior friendly fitness equipment and free weights, an indoor heated aerobic exercise pool, and paved walking paths with LifeTrail exercise stations. Social opportunities include Full-Service Fine Dining, a Library with Computer Center, a Movie Theater, Billiards and Game Room as well as an Arts and Crafts Center. Although there will be an on-site full-service Beauty Salon/Barber Shop,

3 Convenience Store and Private Banking Office, Somerby s Scheduled Transportation is available to all residents for trips to medical appointments, pharmacies, grocery stores and other shopping necessities, as well as for outings to educational, sporting, social and cultural events. The Perfect Blend of Living & Services Designed to allow seniors to gracefully age-in place, Somerby s goal is to offer multiple living options, all under one roof providing care and assistance if and when the need arises. While some seniors will initially enter Somerby s assisted living or memory care residences based on individual health needs, Somerby will offer three distinctly different independent living alternatives detached for-sale residences detached for-rent villas both separated from the main community wings, as well as independent living apartment homes situated within the main building. The assisted living and memory care wings will be connected by common areas and offer three on-site health care options without leaving the main building campus. This important interconnection provides seniors the comfort of knowing, that as their needs change, they do not have to leave the campus to obtain the care they require. Even more comforting to spouses and family members is the fact that should one spouse develop a need for special care, both partners can still be located within the same community. Conclusions Given the current demographics and projected growth predicted for Fayette and Coweta Counties; and the continued favorable outlook for Peachtree City as a target retirement destination for seniors; predictably the senior population of Peachtree City will be dramatically under served in the years ahead. Lifting the multi-family construction moratorium in order to allow for the development of a full-service senior residential community offering a continuum of care and services will better align Peachtree City with its continually aging population. As well, WE BELIEVE THERE IS AN INCREASING DEMAND BY FAMILIES WHO ALREADY LIVE IN PEACHTREE CITY TO BRING THEIR PARENTS TO LIVE CLOSER TO THEM, WHILE PROVIDING THEIR PARENTS AN ENVIRONMENT THAT SUPPORTS THEIR SPECIFIC INTERESTS AND NEEDS. Just imagine a Peachtree City with quality housing not just for families, but for seniors as well, thus allowing parents and their adult children to live in close proximity to each other and thus embody the City s PLAN TO STAY motto. Somerby will have no impact on area schools and very little impact on traffic. As well, it is well documented that the migration of senior and their consumer goods spending will have a significant impact of Peachtree City businesses; specifically the retail sector. Accordingly, we hope that Peachtree City will see the merits and wisdom of helping provide the means for development of senior living within its city limits. Please feel free to visit our website at for additional information about Dominion Partners and our Somerby Senior Living concept. We have included community descriptions, elevations and site plans of our Somerby of Alpharetta and Somerby of Mount Pleasant communities currently under construction and due to open in December, 2007 and April 2008, respectively. As well, we have included community descriptions and pictures of Somerby of West Mobile, Somerby at University Park and Somerby at Jones Farm. Somerby of Peachtree City would have a construction impact of approximately $60,000,000 and will create approximately 125 new full-time jobs in our administrative, marketing, healthcare, dining services, activities/lifestyles, wellness and therapy, maintenance, housekeeping, companion services and transportation departments.

4 SOMERBY SeNIOR LIVING COMMUNITIES

5 PROPERTY DESCRIPTION SOMERBY OF ALPHARETTA Location: Description: North of Mansell Road, South of Haynes Bridge Road, and West of Georgia 400 and the North Point Mall in the Westside Community of the City of Alpharetta the North Central area of Atlanta, Georgia Senior Living Community with 284 Units 188 Independent Living Apartment Homes 16 Independent Living Villas 56 Assisted Living Residences 24 Alzheimer Care Residences Date of Construction: Under Construction 6/06 Completion 12/07 Land Area: Property Layout: Construction: Amenities: Unit Interiors: HVAC: 18.3 Acres & 254 Parking Spaces (190 Structured) Independent Living & Health Care Apartment Homes Four story Independent Living Villas One story Wood frame on either concrete slab or over concrete parking foundations; Hardy Board siding and brick veneer; with pitched vinyl shingle roofs Full-service fine dining; library with computer center; beauty salon/barber shop; convenience store; wellness center including indoor heated aerobic exercise pool and senior friendly fitness equipment; well-rounded activities program; planned transportation; weekly housekeeping and linen service; nurse on-duty 24/7; emergency response and security system monitored 24/7; movie theater; billiards and game room; and much more. Painted gypsum dry-wall; frost-free refrigerator; electric range; microwave/vent hoot combination; garbage disposal; dishwashers; washers & dryers; and pre-wired cable television, high speed internet and telephone Individual heating and air conditioning units BIRMINGHAM, AL RALEIGH, NC RICHMOND, VA

6 of Alpharetta A DEVELOPMENT OF:

7 of Alpharetta A DEVELOPMENT OF:

8 PROPERTY DESCRIPTION SOMERBY OF MOUNT PLEASANT 3100 Tradition Circle Mount Pleasant, SC (843) Location: Number of Units: Situated in the heart of the Park West Community in the east Charleston bedroom community of Mount Pleasant, just north of Highway 17 and east of Highway Rental Units 28 Independent Living Villas 131 Independent Living Apartments 51 Assisted Living Apartments 38 Alzheimer Care Apartments Capability for an Additional 78 Units Date of Construction Under Construction 1/07 Completion 4/08 Land Area & Parking: Amenities: Property Layout: Construction: Unit Interiors: HVAC: Acres 220 Parking Spaces Full service fine dining; library with computer center; beauty salon/barber shop; convenience store; wellness center including indoor heated aerobic exercise pool and senior friendly fitness equipment; movie theater; billiards and game room; well-rounded activities program; planned transportation; weekly housekeeping and linen service, nurse on-duty 24/7; emergency response and security system monitored 24/7; much more. Independent Living Apartment Homes.Three-Story Health Care (AL & ALZ) Residences Two Story Independent Living Villas.One-Story Steel & wood frame on concrete slab; Hardy Board siding and brick veneer; with pitched vinyl shingle roofs. Painted gypsum dry-wall; carpet throughout except for vinyl in bathrooms and kitchens; frost-free refrigerator; electric range; microwave/vent hood combination; garbage disposal; dishwashers; washers & dryers; and pre-wired cable television, high speed internet and telephone. Individual heating and air conditioning units. BIRMINGHAM, AL RALEIGH, NC RICHMOND, VA

9 of Mount Pleasant A DEVELOPMENT OF:

10 of Mount Pleasant A DEVELOPMENT OF:

11 PROPERTY DESCRIPTION SOMERBY OF WEST MOBILE Location: Number of Units: South of Airport Blvd.; East of Cody Road North of Grelot Road; and West of Hillcrest Road Adjoining Providence Hospital & Providence Park In the Western Section of Mobile, Alabama 196 Senior Living Units + 56 Fee Simple Garden Homes 136 Independent Living Apartments 16 For Rent Independent Living Villas 20 Assisted Living Apartments 24 Alzheimer Care Apartments 56 Fee Simple Garden Homes Capability for an Additional 80 Units Date of Construction Opened 6/1/05 Land Area & Parking: Amenities: Property Layout: Construction: Unit Interiors: HVAC: Acres Main Community Acres Garden Homes Acres Full-service fine dining; library with computer center; beauty salon/barber shop; convenience store; wellness center including indoor heated aerobic exercise pool and senior friendly fitness equipment; well-rounded activities program; planned transportation; weekly housekeeping and linen service; nurse on-duty 24/7; emergency response and security system monitored 24/7; movie theater; billiards and game room; and much more. Independent Living Apartments.Four-Story Independent Living Villas.One-Story Health Care Units..One-Story Wood framing on concrete slab; Hardy Board, and brick siding; with pitched, vinyl shingle roofs. Painted gypsum dry-wall; frost-free refrigerator; electric range; microwave/vent hood combination; garbage disposal; dishwashers; washers & dryers; and pre-wired cable television, high speed internet and telephone. Individual heating and air conditioning units. BIRMINGHAM, AL RALEIGH, NC RICHMOND, VA

12 of West Mobile A DEVELOPMENT OF:

13 AERIAL of West Mobile MOBILE, ALABAMA

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15 CHATEAU AT SOMERBY of West Mobile MOBILE, ALABAMA

16 LIBRARY of West Mobile MOBILE, ALABAMA

17 GARDEN HOME - LIVING/DINING ROOM of West Mobile MOBILE, ALABAMA

18 PROPERTY DESCRIPTION SOMERBY AT UNIVERSITY PARK Location: Number of Units: 400 University Park Drive Birmingham, AL Apartments + 48 Garden Homes Date of Construction Opened 4/1999 Expanded 4/2002 Land Area & Parking: Amenities: Property Layout: Construction: Unit Interiors: HVAC: Acres Main Site Acres Garden Homes Acres 301 Parking Spaces Full service dining facility; library; beauty shop; community center; living room; convenience store; mail delivery; bank; and courtesy van. Each floor features a large activity room, quiet room/den, and laundry facilities. Independent Living - Four-story units Assisted Living & Memory Care - Four-story 90 & 28 units Wood and steel stud framing on concrete slab; E.I.F.S. siding; with pitched, vinyl shingle roofs. Painted gypsum dry-wall; frost-free refrigerator; electric range; microwave/vent hood combination; garbage disposal; dishwashers; cable television connections. Individual heating and air conditioning units. BIRMINGHAM, AL RALEIGH, NC RICHMOND, VA

19 BIRMINGHAM, AL at University Park A DEVELOPMENT OF:

20 AERIAL at University Park BIRMINGHAM, AL

21 PROPERTY DESCRIPTION SOMERBY AT JONES FARM Location: Number of Units: 2815 Carl T. Jones Drive, S.E. Huntsville, AL Apartments + 47 Garden Homes 138 Independent Living Apartments 48 Assisted Living Apartments 47 Fee Simple Garden Homes Date of Construction Opened 4/1999 Expanded 12/2001 Land & Area Parking: Amenities: Property Layout: Construction: Unit Interiors: HVAC: Acres Main Sites Acres Garden Homes Acres 155 Parking Spaces Full service dining facility; library; beauty shop; community center; living room; convenience store; mail delivery; ATM, and courtesy van. Each floor features a large activity room, quiet room/den, and laundry facilities. Independent Living Three-story attached buildings Assisted Living Two-story V shaped building Wood and steel stud framing on concrete slab; E.I.F.S. siding; and pitched, vinyl shingle roofs. Painted gypsum dry-wall; frost-free refrigerator; electric range; garbage disposal; dishwashers; cable television connections. Individual heating and air conditioning units. BIRMINGHAM, AL RALEIGH, NC RICHMOND, VA

22 HUNTSVILLE, AL at Jones Farm A DEVELOPMENT OF:

23 AERIAL at Jones Farm HUNTSVILLE, AL

24 MULTI-FAMILY SENIOR LIVING URBAN MIXED-USE CONDOMINIUMS OFFICE PROPERTY MANAGEMENT & LEASING DominionPartnersLLC.com