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					            Keystone Preserve
    3,754 Acres - Charleston, SC




                                                                  Contact Exclusive Brokers:

                                         Thomas M. Boulware, CCIM                                  E. David Grubbs, Jr.,
                                         180 Meeting Street, Suite 310                         180 Meeting Street, Suite 310
                                             Charleston, SC 29401                                 Charleston, SC 29401
                                              direct 843 720 4944                                   direct 843 720 4944
                                               cell 843 270 9124                                     cell 843 814 6111
                                           tboulware@naiavant.com                                dgrubbs@naiavant.com
                                              www.naiavant.com                                      www.naiavant.com

                                                       For more information visit our website at
                                                            www.keystonepreserve.com




The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no
reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
KEYSTONE PRESERVE
REGIONAL LOCATION MAP
                                                                                                  Bonneau
                                                                                                                                                   Georgetown County
                                                                                                                 17A
                                                                                                                                   Jamestown

                    178


Reevesville                    Harleyville                                                     Moncks Corner
       St. George                                              176
                          78                                                                    Berkeley County
 95
                                                                                                                                                           McClellanville
                                                  Ridgeville                                          Keystone Preserve
                                                                                      52
                                                                     26
                                                                                                                                              17
                                                          Lincolnville
                                                                             Ladson                                41
                                                           Summerville                 Goose Creek                                       Awendaw

                                              17A


                                             Dorchester County                                Hanahan
                                                                                            North Charleston

                                                                                      526                      Mt. Pleasant
 Colleton County
                                                                                                                              Isle of Palms
                                                                  Ravenel                      Charleston
                                             17                                                                    Sullivan’s Island               Atlantic Ocean
                                                                 Hollywood
                                                                              Charleston County
                                                                Meggett

                                                                                                     Folly Beach

                                                               Rockville
                                                                                  Kiawah Island
                                                                           Seabrook Island
                                                                                                           V
                                                                                                           U
                                                                                     V
                                                                                     U
                                                                                                             41

                                      t
                                      u  52
                                                                                      402


            t
            u  176
                          t
                          u17



           Rockefeller/Westvaco,
                                                                        Keystone                                        Francis Marion &
 !
     Ross Perot Jr./Hillwood Development
             & Trammell Crowe                                                                                         Sumter National Forests
                                                                        Preserve
Summerville

     t
     u78
                 Ladson                                             BP Amoco/ Nucor
Lincolnville                                    Goose Creek                                                                                                   Awendaw
                                                                                               V
                                                                                               U




                                                                            !
                                                                                                  41
                                                 Charleston Naval
                                                 Weapons Station

                           §
                           ¦
                           ¨26


                                              Hanahan               Clements Ferry Rd.

                          Charleston Air
                           Force Base                                   New Harris Teeter
                                                                                                  Mount Pleasant             t
                                                                                                                             u17

                                                                                              !        New Roper Hospital
                          Charleston International                       Grocery Store
                                                     North                                                                               Keystone Preserve




                                                                                                                  !
                                  Airport          Charleston                                                                                         Highway 41
                                     !




                                                                                                            !
                                                                                                                  New Super Wal-Mart                   Huger, SC
                                 Boeing Site
                                                                             §
                                                                             ¦
                                                                             ¨526

                                                                                              !          Mt. Pleasant                     This information submitted is not guaranteed. Although
                                                                                                                                          obtained from reliable sources, all information should be
                                                                                                       Mall Town Center
                                                     ! Charleston
                                  Navy Base Port                                                                                          confirmed prior to use or reliance upon the information.
                                                                                                                                           This document may not be reproduced in whole or in
                                                                                                                                           part without the express written consent of NAI Avant.
                                 Expansion/ CURI



                                                                                                                                                           .
                                                                                                                  Isle of Palms
                          t
                          u
                                                                         New Cruise
                                                                    !
                           17                                           Ship Terminal
Ravenel
                                                                                    Sullivan's Island
Hollywood
                                                                                                            Atlantic
                                                                                                             Ocean
Meggett
                                                                     Folly Beach
                                     Charleston Executive                                                                                          Created: October 5, 2010
      Keystone Preserve

Offering Summary

Keystone Preserve represents a unique land offering in the Charleston, South Carolina market that offers a
prime location, favorable entitlements and pricing that allows for a myriad of uses. The Property is easily
accessible to all major submarkets of Charleston while maintaining rural character.


Property

      Keystone Preserve totals 4,482.77 acres, of which 728.01 acres have been sold. A total of 3,754.76
       acres are available for acquisition.

      There are 21 remaining tracts ranging in size from 7.14 to 675.91 acres. Each tract has frontage
       on Highway 41 (state highway), Charity Church Road (county road) or United Drive (county road).

      Remaining available tracts are summarized on the attached Inventory and Price List.
       The following breakdown gives a general configuration :

             Highway 41 Tracts: 2,602.03 acres in 7 tracts ranging from 174.02 to 675.91 acres.
             Charity Church Road Tracts: 204.31 acres in 3 tracts ranging from 60.49 to 73.17 acres.
             United Drive Tracts: 948.42 acres in 11 tracts ranging from 7.14 to 256.27 acres.

      The Property is available for purchase in bulk, or by multiple or individual tracts.
       Pricing for individual tracts is reflected on the attached Inventory and Price List.

      Keystone is heavily forested, with relatively flat topography and intermittent wetlands.

      Tracts are currently served by well and septic systems. Public water is available to the Property
       via a water main along Highway 41.
      Keystone Preserve

Location & Area

Keystone Preserve is located just off Highway 41 in southeastern Berkeley County, near Charleston, South
Carolina. This portion of the tri-county market has several natural barriers which directly impact the direc-
tion of growth and land availability. (The Wando and Cooper Rivers along with the Atlantic Ocean have
created this “East of the Cooper/Mt. Pleasant” submarket.) East of the Cooper/Mt. Pleasant is recognized
as a high end,affluent area with excellent demographics. Keystone’s favorable location within this market
lends itself to an upscale highly amenitized community in the future.

      The Property is contiguous to the historic East Cooper Plantation District and is surrounded on
       three sides by the 300,000-acre Francis Marion National Forest. These characteristics contribute
       to a shortage of privately owned land in this “East of the Cooper” submarket. Keystone is one of
       a few significantly sized, privately owned parcels East of the Cooper River where land is rarely
       available for purchase.

      The surrounding area is characterized by historic plantations, vast national forest, historic rural
       settlements, horse farms and estate properties.

      Keystone is located approximately 15 minutes from Daniel Island, 10 minutes from the Mt. Pleasant
       town limits (Wando River), 20 minutes from Mt. Pleasant Town Centre and 35 minutes from
       downtown Charleston.

      Located within close proximity of the Property are the Wando and Cooper Rivers, Atlantic Ocean,
       Isle of Palms, Sullivan’s Island, Mt. Pleasant Regional Airport, Charleston International Airport,
       Interstate Loop 526, Interstate 26 and Highway 17.


Zoning

      Keystone Preserve is zoned and governed by a development agreement with Berkeley County.
       The terms of the agreement will be in effect for 50 years from the October 2007 adoption date.

      Per the development agreement, minimum lot sizes at Keystone Preserve can range from 1.0 to
       1.5 acres dependent on the tract. All other property uses and development standards will
       correspond to the Berkeley County “Flex-1” zoning ordinance in effect at the time of the adoption
       of the development agreement. Uses allowed include single-family, agricultural, silvicultural
       and mining.
    Keystone Preserve

Zoning

    The ability to dig “borrow pits” and mine dirt is protected under the development agreement,
     which is subject to permitting by the state agencies. This can add significant value for someone
     that would like to create water features and sell the material for various road and building projects.
     Most properties within this market are not zoned to permit such activities.

    Ownership has retained the ability to assign density to each tract. Densities will be assigned to
     tracts at the time of contract with buyers and will be based on the use desires of the buyer, as well
     as certain density stipulations of the development agreement.

    Keystone is also governed by covenants and restrictions, which ownership will use to protect the
     integrity, aesthetics and character of the Property.

    Among the favorable terms of the development agreement is the ability to mine dirt on the Property,
     as wellas the ability to have all development plans approved at County planning and engineering
     staff levels, rather than at the planning commission or County Council levels.


Competitive Advantage

    Keystone Preserve represents one of the most well-located large tracts of land available for
     purchase in the Charleston metro area and presents the opportunity to purchase property in an
     area that very seldom has land available for sale.

    Due to geographic, topographic, zoning and conservation constraints on land within the greater
     Charleston market, Keystone is one of only a few remaining large tracts available for development
     within the metro area.

    The in-place development agreement fully vests Keystone’s use and development rights for 50
     years. This will protect the Property from any down-zonings or development restrictions enacted
     on surrounding Berkeley County property in the future.


     Pricing at Keystone Preserve is very reasonable, especially when compared to other tracts within
     the Charleston market.
      Keystone Preserve
Charleston Area Economic Indicators
The Charleston Tri-County market is comprised of three counties: Berkeley, Charleston and Dorchester.
There are varying natural boundaries (the Atlantic Ocean and various river systems) that impact the market
and the direction in which is grows. The following are several economic indicators and highlights of recent
economic announcements that reflect Charleston’s growing economy.

      Demographics
      South Carolina, particularly the LowCountry, continues to be a top spot for migration in the Southeast.
      From 2000-2009 Berkeley County grew by 21.7% , Charleston County by 14.6% and Dorchester
      County by 35.4%.

      Boeing announced in 2009 that it would build a second assembly plant in Charleston to build the new
      787 Dreamliner Planes, which will create 3,800 jobs at the facility and 15,000 overall jobs. The
      assembly plant is due to open in 2012. The current list of orders for these planes ensures more than
      ten years of production.

      CURI is an acronym for Clemson University Restoration Institute which is located at the former Navy
      Base in North Charleston. Clemson University and the Department of Energy have combined forces to
      study windenergy and various components that are used to construct wind turbines. The initial capital
      investment is $98 million dollars.

      Port Expansion. The State Ports Authority has plans to expand is presence in Charleston by building a
      new port at the southern tip of the former Navy Base. This is in preparation for the anticipated
      increase in volume due to the “Panamax” project. The Panamax project is underway and consists of
      widening of the Panama Canal to accommodate larger “Supertanker” ships that will be able to travel
      from the west coast to the east coast more efficiently. This anticipated port volume has spurned
      investments by several major industrial developers in our market. The Hillwood Group(Ross Perot,Jr),
      Trammell Crowe, Johnson Development, and The Rockefeller Group/Mead Westvaco(Joint Venture)
      have made significant land acquisitions in the Summerville/Jedburg market to create an inland port.
      TBC, an affiliate of Tire Kingdom, is the first major tenant to announce their intentions to locate their
      North American distribution center within this area. The building will be 1.2 million square feet.

      Cruise Ships added Charleston as a destination port during 2010 and the State Ports Authority
      (SPA) expects to host 67 cruise calls during 2010. The SPA has plans to build a new passenger
      terminal on the north end of the Union pier. The project is currently in the design stages.

      Residential Growth. Unlike most of the country, the tri-county residential market remains active.
      Recently DR Horton, David Weekly Homes, and Lennar have made raw land acquisitions in 2010,
      which is significant given today’s environment.

                          Charleston Regional Business Journal Market Facts Weblink 2010
                             http://issuu.com/scbiz/docs/2010_market_facts
                                                                                                                                                     N
KEYSTONE PRESERVE
     SITE PLAN                                                                                      Tract
                                                                                                   1-10B
                                                                                      Tract
                                                                                                   7.97 ac
                                                                          Tract      1-10A
                                                                          1-9B       8.72 ac
                                                                         7.14 ac                                             Tract
                                                                                                                             1-2B
                                                                   Tract                             Tract 1-2A             69.13 ac
                                                                   1-9A                              111.04 ac
                                                                  9.55 ac



         QUINBY                                                                                               SOLD
       PLANTATION
                                                                     Tract 5             Tract 1-8
                                                                    149.44 ac            101.47 ac                                                Tract
                                                                                                                                                  1-4A
                                                                                                                                                 49.61 ac

                                                                                                                                     Tract 1-3
                                                                                                                                     SOLD
                                                                                                                                     115.11 ac
                                                  Tract 6
                                                 174.02 ac
           MIDDLEBURG
           PLANTATION                                                                    Tract 1-7           Tract 1-6
                                                                                         256.27 ac           SOLD
                                                                                                             79.29 ac
                                                                                                                                         SOLD
                                                                                                                         Tract 1-5
                                                                                                                         SOLD
                                                                                                                         74.11 ac                 Tract
                                                                Tract A-5                                                                         1-4B
                                                                468.18 ac                                                                        43.89 ac
                                    41
                                                                                                     Tract A-6
                                                                                                     247.21 ac




       HALIDON HILL
        PLANTATION
                                         Tract A-4
                                         223.64 ac




                                                                         Tract A-3
                                                                         675.91 ac




              Tract A
             425.92 ac




                                                             Tract A-2
                                                             444.46 ac
                                                                                         Tract
                                                                                         1-12B
                                                                                        70.65 ac
                                                                                                   SOLD       Tract
                                                                               Tract                          1-12A
                                                                               1-13                          43.04 ac
   CEDAR HILL                             Tract A-1                           73.17 ac
   PLANTATION                             189.90 ac

                                                                Tract
                                                               1-15             Tract
                                                              SOLD
                                                              97.69 ac       SOLD
                                                                              1-14
                                                                              49.58 ac
                                                     Tract                                                          FRANCIS MARION
                                                 1-16
                                                SOLD
                                                66.97 ac                       SOLD                                 NATIONAL FOREST
   State Highway                                                                             Tract
                                                                           Tract             1-18B
                                                               Tract
   County Road                                                             1-18A            39.51 ac
                                                               1-17
                                                              SOLD
                                                              49.69 ac    60.49 ac
   Utility Easement
   Internal Timber Road
   Keystone Preserve
   Adjacent Plantation Property
   Francis Marion National Forest
      Keystone Preserve
HIGHWAY 41 FRONTAGE TRACTS
                        TRACT              ACREAGE    STATUS        PRICE

                        Tract A            425.92     Available   $4,210,000
                        Tract A-1          189.90     Available   $1,880,000
                        Tract A-2          444.46     Available   $4,400,000
                        Tract A-3          675.91     Available   $6,690,000
                        Tract A-4          223.64     Available   $2,210,000
                        Tract A-5          468.18     Available   $4,630,000
                        Tract 6            174.02     Available   $1,720,000
                        TOTAL AVAILABLE: 2,602.03

NORTH CHARITY CHURCH ROAD TRACTS
                        Tract 1-12A          43.04     Sold
                        Tract 1-12B          70.65    Available    $810,000
                        Tract 1-13           73.17    Available    $840,000
                        Tract 1-14           49.58     Sold
                        Tract 1-15           97.69     Sold
                        Tract 1-16           66.97     Sold
                        TOTAL AVAILABLE:    143.82

SOUTH CHARITY CHURCH ROAD TRACTS
                        Tract 1-17           49.69     Sold
                        Tract 1-18A          60.49    Available    $690,000
                        Tract 1-18B          39.51     Sold
                        TOTAL AVAILABLE:     60.49

NORTH UNITED DRIVE TRACTS
                        Tract 1-2A          111.04    Available    $720,000
                        Tract 1-2B           69.13     Sold
                        Tract 1-3           115.11     Sold
                        Tract 1-4A           49.61    Available    $420,000
                        Tract 1-4B           43.89     Sold
                        Tract 1-9A            9.55    Available    $170,000
                        Tract 1-9B            7.14    Available    $130,000
                        Tract 1-10A           8.72    Available    $150,000
                        Tract 1-10B           7.97    Available    $140,000
                        TOTAL AVAILABLE:    194.03

SOUTH UNITED DRIVE TRACTS
                        Tract 5             149.44    Available   $1,420,000
                        Tract 1-5            74.11     Sold
                        Tract 1-6            79.29     Sold
                        Tract 1-7           256.27    Available   $2,180,000
                        Tract A-6           247.21    Available   $2,440,000
                        Tract 1-8           101.47    Available     $960,000
                        TOTAL AVAILABLE:    754.39

                    KEYSTONE TOTAL         3,754.76
  Keystone Preserve


            COMPARABLE SALES – 10 ACRES OR LARGER TO 2008)
        COMPARABLE SALES - 10 ACRESOR LARGER (2005(2005 to 2008)
DATE    ADDRESS                    ACRES          PRICE       $/ACRE    COMMENTS
                           AWENDAW (WITHIN BLUE BORDER ON COMPARABLES MAP)
11/07   0 Hwy 17 N                   11.82       $175,000     $14,805   Limited Residential
8/07    1413 Hwy 45                  70.00     $1,550,000     $22,143   Limited Residential
3/07    0 Seewee Rd               1,359.00    $11,300,000       $8,315  Limited Residential – Bulk Sale
6/06    0 Woodville Rd               32.30       $550,000     $17,028   Limited Residential
6/06    10 Hwy 17 N                 239.20     $3,900,000     $16,304   Limited Residential
1/06    0 Hwy 17 N                   27.54       $500,000     $18,155   Limited Residential
1/06    0 S Santee Rd                26.53       $275,000     $10,366   Limited Residential
9/05    888 Hwy 17 N                 33.00       $560,000     $16,970   Limited Residential
8/05    0 Chandler Rd                10.00       $875,000     $87,500   Deepwater Residential
8/05    0 Hwy 45                     10.00       $178,800     $17,880   Limited Residential
4/05    0 Woodville Rd              150.10     $3,250,000     $21,652   Limited Residential
3/05    0 Lieben Rd                  26.29       $340,000     $12,933   Limited Residential
1/05    4678 Woodville Rd            20.65       $387,000     $18,741   Limited Residential
                           HUGER/CAINHOY (WITHIN PURPLE ON COMPARABLES MAP)
11/07   0 Charity Church Rd         230.07     $4,000,000     $17,386   Limited Residential
5/06    0 Old Strafford Ln           15.50       $166,000     $10,710   Limited Residential
10/05   0 Cainhoy Village Rd         25.00       $734,375     $29,375   Limited Residential
                      NORTH MT. PLEASANT (WITHIN RED BORDER ON COMPARABLES MAP)
10/06   1100 Park West Blvd          54.91     $6,700,000    $122,018   Commercial
6/05    4031 Hwy 17 N                12.50       $825,000     $66,000   Commercial/Residential
1/05    0 Hwy 17 N                   11.42       $400,000     $35,026   Limited Residential
                     SOUTH MT. PLEASANT (WITHIN BROWN BORDER ON COMPARABLES MAP)
7/07    0 Hwy 41                     10.05     $1,201,000    $119,502   Deepwater Residential
8/05    0 Rifle Range Rd             70.00     $4,200,000     $60,000   Residential
5/05    1151 Country Store Rd        24.90     $6,500,000    $261,044   Mixed Use
                   WANDO/CLEMENTS FERRY (WITHIN BLACK BORDER ON COMPARABLES MAP)
11/07   0 Chas Regional Pkwy         16.70     $1,800,000    $101,784   Commercial/Industrial
9/07    0 Clements Ferry Rd          20.41     $4,083,200    $200,059   Commercial/Industrial
2/07    0 Riverbend Tr               70.37    $14,900,000    $211,738   Deepwater Residential
8/06    0 Chas Regional Pkwy         26.60     $3,192,000    $120,000   Commercial/Industrial
8/06    0 Chas Regional Pkwy         11.55     $1,386,000    $120,000   Commercial/Industrial
5/06    0 Clements Ferry Rd         136.00    $15,500,000    $113,971   Commercial/Industrial
6/05    0 Clements Ferry Rd          10.50     $1,900,000    $180,952   Commercial/Industrial
4/05    0 Clements Ferry Rd          16.22     $1,800,000    $110,974   Deepwater Residential
4/05    0 Chas Regional Pkwy         13.60     $1,060,000     $78,000   Commercial/Industrial
1/05    0 Clements Ferry Rd          13.55     $1,673,946    $123,538   Commercial/Industrial

				
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