COMPANIES GENERAL CONTRACTING REAL ESTATE DEVELOPMENT

COMPANIES GENERAL CONTRACTING REAL ESTATE DEVELOPMENT

COMPANY INDEX 4 4-5 6-9 10 10 11 12-19 Introduction About Us Our People Our Mission Our Commitment Our Services Our Projects Page 2

INTRODUCTION Axia Companies is owned and operated by two highly qualified and motivated individuals who both have significant development and construction experience throughout the United States. Jeff Schaumann, President Axia Development Brett Rossell, President Axia Contracting Axia Companies specializes in general contracting services and the production of multifamily, student housing, hospitality and senior housing. With extensive background experience in construction and development and a vast knowledge base of the real estate industry, Axia Companies is known for its many successful construction and development projects throughout the United States. ABOUT US The word AXIA is derived from the Greek word meaning Worth and / or Value. At Axia Companies, our knowledge and expertise is key to bringing and adding value to our customer s projects. We not only understand how to build your project, we also understand that the purpose of the project is to build our customer s net worth. With offices in North Dakota and Texas, our experienced team works collaboratively with owners to fully understand their specific needs and goals. We provide solutions to fit those needs and strive to work closely with each owner to achieve their goals. Axia Companies is comprised of two distinct yet tightly integrated divisions: AXIA CONTRACTING and AXIA DEVELOPMENT Page 4

AXIA CONTRACTING: Axia Contracting operates as the General Contracting division. Our staff has extensive experience managing and building multifamily and commercial projects in challenging environments. Multifamily, student housing, hospitality, senior housing, office and various forms of commercial projects are all within the Axia scope of experience. Axia is nimble and flexible as to geographic reach. We have built extensively in most areas from the Mississippi River west to the Rocky Mountains. We currently have active projects in Texas, Colorado, California, Missouri, Minnesota, and North Dakota. Our customers have come to know, respect and trust our team. As hands-on owners, we are committed to serving not only the immediate needs of our customers, but also to developing long-term, strategic relationships as the core of our business. Our expertise and experience provides our customers with the resources needed to complete each and every project successfully. AXIA DEVELOPMENT: Axia Development operates in several capacities. As a developer, advisor, sponsor and investor, we bring years of experience and in-depth knowledge to the development and construction processes. As the Lead, Axia Development is responsible for development projects ranging from $1 million to $50 million. We understand how to manage projects of any size and we also understand that regardless of the size, each project is important to the overall success of our partners. From site selection, due diligence, entitlements, construction, completion, delivery, and sale, we understand the complexities and nuances of market dynamics. The professional experience, expertise and knowledge of our team are paramount to our company s success. With this knowledge base, Axia Development is able to align with joint venture partners to match the demands and needs of each and every project. The Company s dedication to providing worth and value to each and every project is the core to our stability and success. That proven success allows Axia Development to invest in projects or for our own account, and that of our partners throughout the U.S. Page 5

OUR PEOPLE Brett Rossell EXPERIENCE: PRESIDENT & CEO, AXIA CONTRACTING 2015 To Present One of the founding members of Axia Contracting Directs all aspects of the company including: Estimating Purchasing Scheduling Sub-contract negotiations Field project operations Accounting Human resources BAKKEN CONTRACTING - VICE PRESIDENT OF OPERATIONS Successfully organized the operations of the company and managed growth to $150M annually in the first three years Projects ranged from $1M to $50M Responsibilities included supervision of the following functions: Estimating Purchasing Scheduling Sub-contract negotiations Field project operations THARALDSON DEVELOPMENT - DIRECTOR OF PURCHASING Projects ranged from $5 to $50M Accomplished two consecutive years of 50+ hotels built Built 17 Different Franchises Involvement in 450+ hotel builds in 27 states and Latin America Oversight of new hotel projects as well as: Re-branding Refurbishment & PIP s Construction EDUCATION CONCORDIA COLLEGE, MOORHEAD, MN BUSINESS ADMINISTRATION, B.A. - 1991 ORGANIZATIONAL COMMUNICATION, B.A. - 1991 Page 6

Jeff Schaumann EXPERIENCE: PRESIDENT, AXIA CONTRACTING 2015 To Present Provides organizational leadership and strategic planning Oversees client services and contract administration for Axia Contracting projects Project coordinator for all merchant builds and development projects Responsible for site selection and procurement, planning and entitlements, and architecture and engineering coordination Manages projects through the entire life-cycle, including: contracting and construction oversight, leasing and sales ARISTA DEVELOPMENT & BAKKEN CONTRACTING - VICE PRESIDENT Responsible for sourcing, coordinating and managing all land development projects for Arista Development. Duties included land selection and procurement, site planning and entitlements, improvement oversight and sales. Annual volume of sales grew from $1M annually to over $100M annually during the term of employment Diversified company operations from a solely merchant-based business to a business focused on establishing long-term joint venture partnerships and project sponsorship, thus leveraging market knowledge and expertise Led the formation of Bakken Contracting in 2012, and for ongoing business development and contract negotiation / administration for all Bakken Contracting projects. During its first 3 years of operation, grew company revenues to $160M annually Managed projects through the entire life-cycle of projects including: contracting and construction oversight, leasing and sales Supervised all staff and led acquisition and construction for all RDO Equipment facilities throughout a 10-state region, with approximately 10 projects managed annually, totaling an estimated value of $30M CITY OF MOORHEAD, MN - PLANNING DIRECTOR Provided strategic planning and code development for a growing city of 35,000, including the development of a new comprehensive plan and zoning ordinance. Managed staff in the administration of all zoning functions Built community relationships with the development community to strengthen and grow long-term relationship for the betterment of the City EDUCATION UNIVERSITY OF IOWA, IOWA CITY, IA URBAN & REGIONAL PLANNING, M.S. - 1998 Magna Cum Laude UNIVERSITY OF NORTH DAKOTA, GRAND FORKS, ND PUBLIC ADMINISTRATION, B.S. - 1996 Cum Laude LEADERSHIP Oakport Town Chairman, Clay County Joint Powers Board, Oakport Joint Powers Board, Dilworth Fire Department Board, Rotary Club of Moorhead and JDRF Walk. Page 7

Chad Westrick AXIA CONTRACTING - OPERATIONS MANAGER Manage day-to-day operations of multiple construction sites Oversee bidding and contract procurement of all materials and labor trades Daily coordination with on-site field staff to schedule manpower and material deliveries for each project BAKKEN CONTRACTING - PROJECT MANAGER Work with multiple land development companies on residential and multi-family housing projects locally and in western ND Involved with over 1200 multi-family units during this time Coordinate on site construction meetings with owner/lender representatives on a monthly basis for pay application approvals Daily coordination with on-site field staff to schedule manpower and material deliveries for each project TMI HOSPITALITY - DIRECTOR OF NEW CONSTRUCTION Coordinate & schedule building plan review with Architect/Engineers Establish budgets, schedules, and scope of work for projects Compare and analyze bid proposals, negotiate and award contracts Coordinate daily construction activities with on-site superintendents Performed site inspections to insure project schedules Schedule and perform final walk thru with inspectors and building Officials to obtain final Certificate of Occupancy Completed multiple projects ranging from $10 to $30 million dollars Work with Regional Maintenance Engineers and General Manager to complete hotel maintenance projects for over 360 hotels Estimate projects, obtain subcontractor quotes, and assign contractors Manage all scheduling, job costs, and inspections of assigned projects *First year completed over $4 million in hotel renovations and repairs Page 8

John Hilz Vice President, Business Development and Marketing John brings to the Axia family of companies more than 35 years of experience and knowledge of the construction, construction services, and business development industry. John is well versed in multifamily, student housing, senior housing and hospitality. John is responsible for the introduction of the Axia family of companies to the real estate and development communities in Texas, the Southwest and Southeast. John is a native Texan and holds a BS degree in both Business Administration and Science from the University of North Texas in Denton, Texas. He also holds a state of Texas Real Estate Broker s License. John has been on both sides as an owner and developer. Ryan Jenson Project Manager Located in Axia s Fargo office, Ryan is responsible for overseeing and directing construction projects from conception to completion. This includes estimating, developing project budgets and schedules, subcontractor negotiations and contracting, coordinating with on-site project superintendents, and ensuring the use of quality construction standards and proper techniques to complete projects on schedule, budget and with high quality. Ryan has experience working on multi-family and light commercial projects throughout North Dakota and Texas. He studied at North Dakota State University, where he acquired his Bachelor of Science degree in Construction Management with a minor in Business Administration. Page 9

OUR MISSION To deliver to our customer the best possible product that can be produced at a fair and competitive price. We understand that our future success is based on our customer s past experience with us. We strive to staff each project with highly experienced and knowledgeable people who possess the work ethics to meet the demands of each and every project. We understand that time is valuable and work diligently to achieve project schedule. We put our customers best interest and satisfaction above that of our own. OUR COMMITMENT We are committed to continued growth through our strong, mutually respected and established relationships with our existing customers, as well as the nurturing and cultivation of new customers created through hard work, dedication and reputation. These relationships are built and maintained based on the virtues we practice each and every day. Excellence: choosing to go the extra mile to ensure our customers needs are met. Honesty: doing the right thing each and every time. Accountability: doing what we say by delivering projects on time and within budget. Transparency: we strive to conduct our business in such a manner that makes it easy for our clients to see our actions, and operations. Page 10

OUR SERVICES Through the Axia Companies, our executive abilities include: Project Management General Contracting Construction Management Pre-construction Services PROJECT MANAGEMENT Assisting clients with developing, managing, and overseeing remote projects. GENERAL CONTRACTING We manage and construct our customers projects from concept through completion, and everything in between. CONSTRUCTION MANAGEMENT Professional assistance and oversight of existing projects. PRE-CONSTRUCTION We can assist in coordinating plan development with architects, engineers, consultants, city staff, governmental and quasi-governmental agencies, as well as providing estimating and value engineering services through final plan acceptance.

OUR PROJECTS Multifamily / Student Housing / Hospitality 2014-2015 2415 units completed 2016 Creekstone Twin Homes 58 units Williston, ND Shadow Crest Townhomes 119 units Fargo, ND Capri Villas 162 units Conroe, TX Legends of Kingsville 129 units Kingsville, TX Dunvilla Inn 30 units Dunvilla, MN 2017 Shadow Crest Offices 3 buildings Fargo, ND Legends of Edinburg 252 units Edinburg, TX Courtyard by Marriott 132 rooms Denver, CO Legends of Cape Girardeau 281 units Cape Girardeau, MO 2018 Worth Corporate Office Park Buildings A & B Fargo, ND Legends of Canyon 204 units Canyon, TX 2019 Element Hotel 127 rooms Denver, CO Westin Hotel & Conference Center 200 rooms Dublin, CA TRU Hotel 132 rooms Dublin, CA Element Hotel 139 rooms Dublin, CA Aloft Hotel 124 rooms Simi Valley, CA Fargo Apartments 194 units Podium + 4 West Fargo, ND Page 12

EXPERIENCE Over the past twenty years our principals of Axia Companies have managed construction and development projects totaling in excess of $3.2 billion in 35 states throughout the United States. PAST PROJECTS MULTI-FAMILY Over the past five years, our principals have completed more than 4,000 multi-family residential units for a combined construction value of approximately $400,000,000. STUDENT HOUSING Since Axia s formation in 2015, our principals have undertaken and completed more than 660 units of student housing projects for a combined construction value of approximately $65,000,000. HOSPITALITY The principals at Axia have combined experience of more than 450 separate hospitality projects throughout the United States, totaling in excess of 28,000 keys and across 20 different franchise flags. OFFICE, RETAIL, COMMERCIAL AND INDUSTRIAL The combined experience of our principals consists of approximately 450,000 square feet of various commercial and industrial product types, across 7 states and with a cumulative construction value of $60,000,000. Page 13

LEGENDS STUDENT HOUSING / EDINBURG, TX LEGENDS STUDENT HOUSING / KINGSVILLE, TX CREEKSTONE TWIN HOMES / WILLISTON, ND Page 14

CAPRI VILLAS / CONROE, TX SHADOW CREST TOWNHOMES / FARGO, ND DUNVILLA INN / DUNVILLA, MN Page 15

LEGENDS STUDENT HOUSING / CANYON, TX LEGENDS STUDENT HOUSING / CAPE GIRARDEAU, MO ELEMENT HOTEL / DENVER, CO Page 16

ALOFT HOTEL / SIMI VALLEY, CA COURTYARD BY MARRIOTT / DENVER, CO WESTIN MARRIOTT HOTEL / CA Page 17

TRU BY HILTON / DUBLIN, CA ELEMENT HOTEL / CA Page 18

COMPANIES WWW.AXIACOMPANIES.COM 3435 56TH STREET SOUTH SUITE 200 FARGO, ND 58104 701.478.1500