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3 <br />Every once in a while a rare opportunity comes around that is too compelling to ignore. As real estate developers, we look for the right mix of ingredients – sound local economic conditions, solid job growth, great sub-markets, vibrant neighborhoods, intriguing sites and good capital partners – to insure the success of each of our developments. <br />As partners, the Allen Morris Company and <br />Ustler Development, Inc. strive to maximize the <br />features of each opportunity by building <br />structures worthy of their sites and neighborhoods; <br />buildings that are elegant and stand the test of <br />time; and environments that create places where <br />people feel welcomed, joyful and at home. <br />We believe if we do more than expected, then our <br />customers – the people who use our buildings every <br />day – will pay us more, and will stay longer. When this <br />happens, then our investment partners will benefit <br />above the expectations of the market, and will <br />appreciate our purposeful attention to detail. <br />Creative Village represents this kind of <br />opportunity. It is a 68 acre urban infill <br />neighborhood anchored by the UCF/Valencia <br />Downtown Campus with beautiful places to learn <br />work, live and play; set in an exciting new <br />neighborhood amidst Downtown Orlando. <br />With the University of Central Florida (UCF) and <br />Valencia College, this neighborhood will stand the <br />test of time, and should expect to mature and grow <br />in this location not just for decades, but for <br />centuries. UCF and Valencia College will <br />educate many thousands of students who will be <br />shaped not just by their college education, but by <br />the environment in which they live while learning. <br />Additionally, other urban-minded residents will <br />be attracted to the vitality and lifestyle of <br />Creative Village. <br />01 EXECUTIVE SUMMARY