Townsend Incorporated

Our goal is to bring affordable luxury living into emerging neighborhoods in down town areas of the city. Townsend develops communities that benefit from the conveniences of the city with the functionality of a suburban home minus the commute and yard work. The developments of Townsend Inc. have been credited with bringing a new level of sophistication and sex appeal to Kansas City. Our properties are known for their winning combination of luxurious homes, quality facilities and exceptional customer service. Principal Jason Townsend believes in the renaissance of re development and the marriage of fashion and function in lifestyle creation. Exceptional residential and commercial developments are flourishing in metropolises such as New York and Los Angeles, and Townsend knows that art y, hip communities are prospering in markets like Atlanta and Chicago. He has a vision for bringing these kinds of communities to cities like Kansas City. Townsend, Inc. was created to make that vision a reality. Our dedicated staff is committed to providing an unsurpassed experience for every resident. Bringing residential, commercial and office spaces to underserved areas, Townsend establishes mixed-use properties which benefit cities. Townsend homebuyers are drawn by the idea of a community of people living and working in a new neighborhood. We aim to provide a living or working experience that is second to none. To do this, we identify and capitalize on commercial real estate investment opportunities, with a goal of maintaining the integrity of the structures, and repurposing them into vibrant new uses. Our carefully selected team has a wealth of expertise in all areas of development and a focus on creating excellence in each one of our communities. We are actively expanding our presence locally and nationally, with potential developments in a number of markets.

At Townsend Inc., we are all striving together to deliver an enticing blend of lifestyle and affordability to Downtown Kansas City and beyond.

Our Mission is to design and operate an unmatched collection of communities and provide unsurpassed service and quality for our residents. The key to our continued success and growth is to offer sophisticated, world-class developments - with a touch of fun and romance.

We are a fully integrated organization with full-time real estate professionals who deliver a complete real estate operations package: designing, constructing, marketing, advertising and selling some of the marketplace's most uniquely positioned properties.

The dynamic Townsend team, in association with real estate professionals, are responsible for generating record sales in niche markets within Kansas City over the past 5 years.

Townsend Inc's. success has resulted in an impressive list of clients and developments, allowing the company to further pursue real estate investments in excess of $700 million nationwide.

By being the best at what we do, we will provide unique opportunities for our employees... better serve the communities in which we operate... and maximize value for our investors.

ELEGANT, SOPHISTICATED AND SEXY.
Kansas City Star on Wall Street Tower, A Townsend Community Our mission is to design and operate an unmatched collection of communities and provide unsurpassed service and quality for our residents. The key to our continued success and growth is to offer sophisticated, world-class developments with a touch of fun and romance. We are a fully integrated organization with full-time real estate professionals who deliver a complete real estate operations package: designing, constructing, marketing, advertising and selling some of the marketplaces most uniquely positioned properties.

The dynamic Townsend team, in association with real estate professionals, are responsible for generating re c o rd sales in niche markets within Kansas City over the past 5 years. Townsend Incs success has resulted in an impressive list of clients and developments, allowing the company to further pursue real estate investments in excess of $700 million nationwide. By being the best at what we do, we will provide unique opportunities for our employees to better serve the communities in which we operate and maximize value for our investors.

The Townsend family has been a part of the Kansas City community for more than 120 years. The Townsend family established a business in 1923 that is still thriving today under the helm of a fourth generation. The entire family still resides in the area as do all the primary investors in the companys Kansas City real estate developments resulting in an immense pride and emphatic pursuit of quality development and progress in Kansas City.

JASON TOWNSEND
President
Jason Townsend was the first major condominium developer in Kansas City since the early 1990s. Prior to establishing Townsend Inc., Mr. Townsend began his real estate business in 1999 to acquire and re develop retail, office, multi-family, commercial and industrial projects. He is currently the managing member and general partner of multiple real estate investment companies. His investment and development of apartment housing and condominium units exceeds $100 million. Mr. Townsend was educated at Rockhurst High School and the University of Kansas. He studied in Europe and in the Philippines and graduated with multiple degrees. His career includes experience in construction management, asset management, business development technology development and sales before founding Townsend Inc.

KRIS TOWNSEND
Vice President & Sales and Marketing
Kris Townsend brings a wide variety of experiences to her role in the company. As a marketing executive with the Kansas City Chiefs, Ms. Townsend worked directly with Lamar Hunt to co-develop The Pavilion, a pre-game outdoor plaza area for sponsors at Arrowhead Stadium. She was instrumental in increasing sponsorships and partnerships through a series of corporate focused initiatives. She also helped build strong relationships with Fortune 500-level sponsors and grew corporate re venues each year with the club. Prior to working for the Chiefs, Ms. Townsend was a municipal marketing executive for Budget Rent-a-Car. She also served and as a sales and marketing manager for the Armani A/X retail outlet and was instrumental in the successful opening of the Armani A/X location on the Country Club Plaza. Her vast retail sales experience has been critical in building the Townsend Community brand. A strong focus on customer service and high levels of sophistication, elegance and fun are hallmarks of Townsend Inc. under Ms. Townsends marketing leadership.

SCOTT A. BRANDT
Project Developer, Engineer
Prior to working at Townsend, Scott Brandt served as the Senior Project Management for construction on any retail and commercial office buildings in Kansas City and St. Louis. He has been in upper management with two Design / Build firms, helping design commercial office buildings, specialty hospitals, commercial office parks and residential developments. His goal is to provide an experience of home purchasing that is exciting, fun, and stress free. His career has been built on developing communities with the homeowners needs in mind. Mr. Brandt says, “We want to provide lifestyle options at prices that allow our clients to upgrade their standard of living without upgrading their cost of living”.

BURT PETERSON
Business Operations Manager
Burt Peterson brings 11 years of financial savvy to his role as a business management executive with Townsend, Inc. He directs a wide variety of functions for the company, including financial management, accounting, human resources, insurance and tax management along with construction administration. Prior to Townsend, he served nine years as vice president for Advanced Protective Coating, an industrial coating and painting services company. Mr. Petersons philosophy is to use an honest approach to business management, so Townsend maintains its strong relationships with investors, construction firms and vendors.

SHAWN DANIELS
Technology Director
Shawn Daniels brings five years of experience in corporate technology management to his position with Townsend, Inc. Mr. Daniels worked at Sprint on a variety of technologies and programming languages. He designed software solutions that use multi-tier web servers and databases to better serve customers. He was also part of a team that coded a successful messaging system for outside vendors. At Townsend, Mr. Daniels analyzes and approves technologies to meet the staffs challenges. He is instrumental in designing and developing web-based marketing for Townsend, Inc. and Townsend Communities. He says “These sites break away from the traditional static web sites and bring a sense of life to the property being marketed”.

MATT SHEPHERD
Marketing and Advertising Manager
An 18-year marketing and advertising veteran, Matt Shepherd has built a successful career on helping companies build awareness and create interest in their products or services. Mr. Shepherd is helping to lead the branding, advertising and marketing efforts for Townsend, Inc. and Townsend Communities. He has created award-winning branding campaigns for such organizations as Kansas City Power & Light, American Century Mutual Funds, the Greater Kansas City Community Foundation and Alfa Laval Agri, among others. On his marketing philosophy, Mr. Shepherd says: “Keep the message simple, targeted and intriguing. And never underestimate the intelligence or taste level of your audience”

JARED KENNEDY
Office Management
Jared Kennedy is a man of many hats at Townsend, Inc. He serves as the company's accountant, office manager and the building manager for the Wall Street Tower property. In his multiple roles with the company, Kennedy is responsible for everything from accounts receivable to organizing business paperwork to overseeing building maintenance. Kennedy enhanced an honor-filled college career at Emporia State University with an internship at Townsend, Inc. He was an academic honor student and all-conference track athlete, earning a degree in business administration. His approach to Townsend clients is to make "my client's goals my goals." He tries to reach his clients on a personal level, and create a working relationship that is more of a partnership.

DANIEL j. ROONEY
Developer
In a career that has ranged from flying F-16s over Iraq to staring down Tiger Woods in NCAA golf competition, Dan Rooney brings a varied set of skills and accomplishments to his position with Townsend, Inc. Rooney's development background includes extensive management and ownership experience with golf clubs in Oklahoma, Michigan and Virginia. Rooney completed two tours of duty over Iraq, winning the "Spirit of the Attack" award as top wingman in F-16 training. Other honors include the Air Force Commendation Medal, the Anti-Terrorism Medal, the Air Medal [for combat sorties over Iraq] and the Combat Readiness Medal. Prior to completing Euro NATO Joint Pilot Training, Rooney was a professional golfer for three years, winning two tournaments in 1996. As team captain at the University of Kansas, Rooney defeated Tiger Woods three times in stroke play NCAA competition. His storied career was recently the subject of a Sports Illustrated feature story, and he will be profiled in Golf Digest in September 2005.

DAN SAILLER
Developer
An energetic developer, Daniel Sailler works on projects for Townsend, Inc., in a variety of aspects, such as site/building selection, design, construction, closing and leasing. He is also involved with financial projections, financing, and the negotiation of public finance packages. Prior to joining Townsend, Inc., Dan and Jake Mooney managed over $200 million in development projects which included Low Income Housing Tax Credits, Historic Tax Credits, and numerous public incentives. During the past decade, Dan has built his construction and development experience throughout Kansas and Missouri. A graduate of the University of Kansas, he first got his feet wet with the Fastenal Company in Kansas City—an international company that supplies construction materials to general and subcontractors, where he worked as the general manager over 25 employees and business operations. Since then, Dan has filled several management positions with Walton Construction, APAC Reno, Damon Pursell, and Garrison Development. Dan brings this extensive management experience to the Townsend team as is evident in his day-to-day activities.

JAKE MOONEY
Developer
Jake Mooney joined the Townsend team to help with every aspect of development. From site/building selection, financial projections, financing, and negotiating public finance packages to design, construction, closing, and leasing, this developer excels in taking projects from concept to completion. Prior to joining Townsend, Inc., Jake and Daniel Sailler managed over $200 million in development projects which included Low Income Housing Tax Credits, Historic Tax Credits, and numerous public incentives. With over 10 years’ experience owning and managing his own businesses, this Kansas State graduate has also worked for Merrill Lynch’s Global Private Client Group and Garrison Development. Throughout his career, he has focused on investment and commercial banking and acted as a conduit for clients all across the country. This provided Jake the opportunity to work on private equity raises, IPOs, commercial lines of credit, business banking, commercial real estate financing, and merger and acquisition transactions. It is this background that makes him such a strong asset on the Townsend team.

$50 MILLION PROJECT VALUE.
The Reserve is a Townsend Community that will be established in one of Kansas City's most historic buildings, the Federal Reserve Bank. Once an anchor to the city's financial district, The Reserve is now a pillar in the booming upscale condominium market Downtown, just two blocks from the Sprint Arena and Kansas City Live entertainment district.
This handsome 21-story tower will feature 155+ luxury condominiums and include amenities unavailable anywhere else in the city. These include a "warm" modern interior design, a movie theater, private gourmet coffee lounge, 2+ car covered parking per home, party room with outdoor patio, fitness center, shooting range, and rooftop swimming pool and deck. Two-story penthouse homes will offer some of the greatest views and luxury available downtown. This spectacular new development will be available to the public in Fall, 2006.

$10.5 MILLION PROJECT VALUE.
The Hemingway was built in the 1920s and was primarily a residential structure. From 1984-1999, the building served as apartment housing. In 2000, Townsend and partners bought the building, refurbished the common areas and sold individual units to homeowners. The buildings 2004 unit values range from the mid-$100s to the $700s. In this project, Townsend experienced immediate success as a condominium developer by selling more than 60 units in five months.

$2.5 MILLION PROJECT VALUE.
919 W. 47th was built in the 1950s and expanded in the 1960s. The buildings primary use
had been as office space until 2000, when Townsend and partners converted the building into what became an award-winning retail space. The building will be the new home of an exciting destination bar and restaurant that will open in this location soon.

$6.2 MILLION PROJECT VALUE.
Belleview Plaza was built in 1979 as an office building. In 2001, Townsend and partners purchased the building for investment purposes. In 2003, the building was gutted, de-shelled, expanded and re-built. Today it is designed to be an exclusive, high-quality gated condominium complex that includes multiple balconies, panoramic views, high ceilings, two-car private garages, multiple fireplaces, gourmet kitchens and more. Three model units under construction will be completed in early 2005.

$45 MILLION PROJECT VALUE
Wall Street Tower was built in 1974 and considered a modern construction marvel at the time. The building was used as an office complex, with primarily banking institutions as the major tenant. Nationally famous developer Leo Eisenberg bought the structure in the 1980s. In 2003, Townsend and partners acquired the building and are developing what will become a Kansas City show place. The building will feature 144 luxury condos on floors 5-20 and office/retail from the plaza level through the fourth floor. This Townsend Community brings a new level of sophistication, elegance and pride of home ownership to Downtown Kansas City. A Sales and Marketing Center on the first floor has been open since October. It has set area sales records in its first 45 days since opening, with more than 60 percent of units having been reserved.

Maple Gardens was built in 1979 as a senior housing facility. In 2003, Townsend and partners purchased the facility for investment and redevelopment. Currently, Maple Gardens is one of the best-performing senior housing facilities in the city.

$7.8 MILLION PROJECT VALUE
Townsend, Inc. has built relationships with equity partners and sources who possess more than $3 billion in combined equity. The company will invest in any U.S. market that presents an attractive return on investment risk. To that end, Townsend partners with a variety of individuals and organizations that bring local and/or asset class expertise. In addition to the companys assets under management, another $700 million has been earmarked for investment in real estate opportunities throughout Kansas City and across the country.

For more information about Townsend Inc., please call 913.814.7577.

TOWNSEND
INCORPORATED
12635 HEMLOCK * OVERLAND PARK, KS 66213 * 913-814-7577 * FAX 913-814-7677