MORRISON STATION (COOPER RIVER COURT & MEETING STREET MANOR)

PROJECT OVERVIEW

• Repositioning Method: Section 18 Demolition / Disposition
• Scope: Phased Redevelopment
• Financing: By the Developer through private equity and debt. The estimated total development cost is $600 M.
• Development Partner: The Integral Group
• Current Number of Units: 417
• Proposed Number of Units: 1,545

EXECUTIVE UPDATE 

Negotiations with The Integral Group remain focused on finalizing the ROFO and business-terms reopener language.