12600 FEATHERWOOD HOUSTON, TEXAS EXECUTIVE SUMMARY

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1 12600 FEATHERWOOD HOUSTON, TEXAS

2 HFF, as the exclusive representative of the owner, is pleased to offer for sale Featherwood (the Propert ); a boutique 74,453 square foot Class B office building located in a high-performing and highl occupied office park in southeast Houston. The Propert is ideall situated within minutes of Houston s Hobb Airport, Ellington Airport, and the Port of Houston. Situated on 3.25 acres, the four-stor propert is 90.8% leased, featuring a two-stor structured parking garage with 3.7 per 1,000 square feet as well as an adjacent parking easement providing a total parking ratio of 4.6 per 1,000 square feet. Built in 1987, the Propert has been recentl upgraded requiring minimal deferred maintenance for the next investor Featherwood is a well leased asset that offers the abilit to achieve strong cash ields.

3 INVESTMENT HIGHLIGHTS PROPERTY SUMMARY Address: N. Featherwood, Houston, Texas Rentable Area: 74,753 SF Year Built: 1987 Number of Floors: 4 Percent Leased: 90.8% Site: 3.24 acres Parking: 3.7 : 1,000 SF without easement 4.6 : 1,000 SF with easement FULLY STABILIZED BUILDING WITH STRONG INITIAL YIELDS: Featherwood currentl sits at 90.8% occupied. With onl 14.4% of the square footage rolling through 2019, the building provides an excellent, stable in-place cash flow stream from a ver loal tenant base with an average tenure of over 9 ears. Over the last 24 months, Featherwood signed 10 leases comprised of new deals, renewals and expansions totaling over 23,000 square feet taking overall occupanc from 77% to 90.8%, proving the strength of the immediate submarket.. EXCELLENT PHYSICAL CONDITION WITH RECENT RENOVATIONS Significant non-leasing capital has been invested in the Propert requiring minimal deferred maintenance for a new owner Featherwood has upgraded restrooms, a new fire pump sstem, new Trane chillers, garage renovations and repairs, extensive window repair and replacement and a brand new waterproof awning for the walkwa from the parking garage to the building. STRATEGIC LOCATION WITH UNRIVALED ACCESS AND LOCATION Situated in a tightl occupied office park, Featherwood is strategicall positioned with immediate access to the Gulf Freewa (IH-45) and Sam Houston Tollwa (Beltwa-8). It is within minutes of William P. Hobb Airport and Ellington Airport. While Hobb is home to well-known Southwest Airlines, Ellington Airport is now home to Houston Spaceport, the nation s 10th licensed commercial spaceport. The Propert is within close proximit to the Houston Ship Channel, home to the Port of Houston. The Port of Houston is consistentl the nation s leading port in foreign tonnage and total waterborne tonnage. STABLE NICHE SUBMARKET WITH HIGH BARRIERS TO ENTRY The immediate office park in which the Propet is situated has been highl occupied over the last 20 ears. A nod to its leasing velocit, a specualtive tilt-wall office building broke ground in 2006 and was completel stabilized less than two ears after deliver. Since 2008, average historical vacanc remained below 10%, significantl outperforming the overall Houston office market % 40.00% 35.00% 30.00% 25.00% 20.00% 15.00% 10.00% 5.00% 0.00% IMMEDIATE SUBMARKET HISTORICAL VACANCY Recent Non-Leasing Capital Improvements HVAC $280,000 New Trane Chillers, Controller Sstem Update Exterior/Drive-Up $315,000 External Signage, Garage Repairs, Parking Lot Repairs, Window Repairs, Window Wet Glazing, Parking Lot Re-Seal and Re-Stripe, Waterproof Awning, Landscaping Tenant Common Areas and Improvements $200,000 Bathroom Upgrades, Lighting Retrofit, New Carpet and Ceramic Entr, Touch Screen Director, Fire Pump Sstem Upgrades, New Electronic Locking Sstem, New Fire Panel, Relined Domestic Water Tank, Painted Parking Garage Total $795,000

4 PROPERTY OVERVIEW F E A T H E R W O O D Propert Name: N. Featherwood, Houston, Texas SITE PLAN Location: Houston Texas. Located off of Fuqua on the inbound side of I-45 North Net Rentable: 74,753 square feet Land Size: 3.25 Acres CENTERPOINT PARKING EASEMENT Leased: 90.8% Developer: Venture Development Group Architect: House REH Assoc Inc. PAR KING GARAGE 02 Structural Engineer: Year Built: 1987 Interfield Engineering Co FEATHERWOOD Floors: 4 N O R T H F E A T H E R W O O D D R I V E Tpical Floor Size: 1st floor - 16,472 SF 2nd floor - 18,571 SF 3rd floor - 19,985 SF 4th floor - 19,725 SF F U Q U A S T R E E T

5 N NORTH FACING AERIAL THE GALLERIA TEXAS MEDICAL CENTER CBD HOBBY AIRPORT 03 ALMEDA MALL 45 IH 45 GULF FREEWAY FEATHERWOOD DRIVE CENTERPOINT PARKING EASEMENT FUQUA STREET

6 F E A T H E R W O O D LO C AT I O N M A P S gh Hi MONTGOMERY COUNTY ExxonMobil Corporate Headquarters Lake Houston State Park Eas tex Cle arwo Frw od Drive The Woodlands LIBERTY COUNTY 69 Grand Pkw wa 3 ou 5S I-4 th Blvd Sam Houston Pkw Blackhawk Greenspoint Almeda Pr op os Mall ed l George Bush Park Downtown Westchase Westheimer Rd The Galleria llwa Westpark To w Fr hw ut So t es Texas Medical Centerth Sou Hw Beltwa 8 llw Sam Houston To 69 Pasadena Frw Barbour s Cut Terminal Galveston Ba Pk w William P. Hobb Airport rw South Frw Be nd Sam Houston Tollwa F lf Fort Frw Loop Gu Smithers Lake n East San Jacinto Ba FEATHERWOOD FORT BEND COUNTY a Batow Loop East Loop Energ Corridor West Loop Kat Frw o ad ont aum Be North ab Ro w Fr Sheldon Reservoir Road Frw Pkw Featherwood S Toll st rth we d Fuqua Street Hard rth No No Gran Lake K Houston le k ec a George Bush Intercontinental Airport w ee Fr lf HARRIS COUNTY Gu Almeda Genoa Road Armand Baou Park Clear Lake Baport Terminal

7 NN SOUTH FACING AERIAL ELLINGTON AIRPORT S A M H O U S T O N T O L LWAY 05 IH 45 GULF FREEWAY FEATHER WOOD DRIVE 45 FUQUA STREET CENTERPOINT PARKING EASEMENT

8 CONTACT INFORMATION MARTIN T. HOGAN Senior Director T JOHNNY KIGHT Real Estate Analst T FOR FINANCING INQUIRIES TYLER FORD Senior Director T HFF L.P. 9 Greenwa Plaza Suite 700 Houston, TX T F hfflp.com HFF has been engaged b the owner of the propert [properties] to market it [them] for sale. Information concerning the propert [properties] described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equit holders, officers, emploees and agents makes an representations or warranties, express or implied, as to the accurac or completeness of such information. An and all reference to age, square footage, income, expenses and an other propert specific information are approximate. An opinions, assumptions, or estimates contained herein are projections onl and used for illustrative purposes and ma be based on assumptions or due diligence criteria different from that used b a purchaser, and HFF, its partners, officers, emploees and agents disclaim an liabilit that ma be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rel on those results. The information contained herein is subject to change. 8.17