Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp. a Texas licensed real estate broker ( HFF) PLAZA ON THE LAKE I & II 1

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1 Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp. a Texas licensed real estate broker ( HFF) PLAZA ON THE LAKE I & II 1 AUSTIN, TEXAS EXECUTIVE SUMMARY

2 HFF has been exclusively retained by the Owner to offer to qualified investors an opportunity to purchase Plaza on the Lake I & II (the Property ), two trophy office buildings situated in an irreplaceable location in the hills overlooking Lake Austin amongst the most affluent areas of Austin, Texas. Completed in 1998, the 96% leased Class A, three-story buildings total 236,561 square feet and are located in Austin s most sought after submarket, Southwest Austin, on the Capital of Texas Highway (Loop 360). Plaza on the Lake I & II feature an impressive array of credit tenants accounting for approximately 64% of the occupied square footage, with Farm Credit Bank occupying 100% of Building II. The Property is well positioned for strong revenue increases with in-place rental rates that are approximately 31% below market, offering investors a unique opportunity to purchase a core asset with excellent upside potential in one of the top office markets in the country where rental rates have grown over 25% in the past three years.

3 PROPERTY OVERVIEW Address: 5001 Plaza on the Lake Drive (Building I) & 4801 Plaza on the Lake Drive (Building II) Austin, TX, Submarket: Southwest Total Occupancy: 96% Year Built: 1998 Building GLA: 236,561 square feet Typical Floor Size: ~37,000-42,000 square feet Stories: 3 Floors with 1-2 underground parking levels Acreage: 11.2 acres Parking: 4.43/1,000 RSF (1,041 spaces in underground and garage parking) INVESTMENT HIGHLIGHTS Institutional Quality Plaza on the Lake I & II are Class A, institutional quality assets featuring classic architecture, a two story atrium lobby, floor-to-ceiling glass, efficient floor plates, and below ground and structured parking. The buildings have received over $800,000 in capital improvements over in the past several years and have been maintained to the finest standards. Superior Tenancy Plaza on the Lake I & II are currently 96% leased to an excellent mix of local, regional and national tenants with staggered rollover through Farm Credit Bank of Texas (S&P AA+ credit), a single tenant in Building II, occupies 111,548 square feet, or 47% of the Property, through April Diverse Mix of Tenants Building I is occupied by tenants spanning several industries including Amherst Holdings and Arch Ventures (Financial Services), CA, Inc., a strong credit tenant, along with 3D Robotics (Technology), Mitratech (Legal Services), which has expanded four times, and more. Significant Upside Potential Strong upside potential exists from current rents that are over 31% below market, in a Class A Southwest submarket that has seen 17% rental rate growth over the past 3 years ($4.95 PSF). Additionally, the in-place leases have contractual rent bumps throughout their terms, giving the landlord the added benefit of increasing rental income. Significant Barriers to Entry Surrounded by a protected, environmentally sensitive area that includes Barton Springs, the Edwards Aquifer and the Bull Creek Nature Preserve, the Property enjoys a significant advantage over competitive properties due to the extreme barriers to entry and impervious coverage restrictions. New construction is difficult in the Southwest submarket due to soaring land prices, significant development restrictions, high construction costs, and scarcity of development sites along Loop 360, with only one remaining, zoned and permitted site from Lake Austin to Mopac (Loop 1). PLAZA ON THE LAKE I & II 3

4 DOWNTOWN WEST LAKE HILLS DAVENPORT VILLAGE CAPITAL OF TEXAS HIGHWAY LAKE AUSTIN PENNYBACKER BRIDGE 5000 PLAZA ON THE LAKE

5 EXCEPTIONAL LOCATION Plaza on the Lake I & II, situated on an 11-acre site, resides in one of the most sought after locations for tenants in Austin. Tenants are attracted to the area due to its central location within the city, its proximity to high-end residential areas, including West Lake Hills, Davenport and Rob Roy Ranch, nearby retail including Davenport Village, the Arboretum and the Domain, and its setting amid Austin s scenic Hill Country overlooking Lake Austin. The Property s location on the Capital of Texas Highway (Loop 360), which bisects the western half of the city, provides easy access to Austin s major east-west arterials, MoPac Expressway (Loop 1), FM 2222, Bee Caves Road (FM 2244), Highway 71, Highway 290, and US Highway 183, all of which are ten miles or less from the Property. AUSTIN S STRONGEST SUBURBAN SUBMARKET The Southwest submarket has consistently been Austin s city-leader, averaging 91.9% occupancy and $27.89 per square foot gross rental rate since Additionally, the market maintained an occupancy level of 89.4% despite a 7.3% increase in the overall supply in the submarket in With a current average rental rate of $32.17 per square foot gross, or $2.56 above the overall Austin average, Southwest Austin continues to be one of the hottest submarkets in Austin. THRIVING AUSTIN ECONOMY Ranked by Forbes as the Fastest Growing City in the Country and one of the Top Five Best Cities for New Jobs for the fourth year in a row, Austin continues to expand and flourish with approximately 31,300 new jobs in the past 12 months and over 140 new residents per day. Fueled by numerous corporate relocations and expansions, Austin is experiencing growth at twice the national pace and boasts a record setting unemployment rate of 3.1% as of June Dubbed the Silicon Hills, Austin is one of the nation s preeminent locations for technology, with more than 120,000 employees at 4,444 technology companies. AUSTIN: NATION LEADING EMPLOYMENT GROWTH 31.4% FROM Recent Major Northwest Corporate Announcements 3,600 NEW JOBS 1,000 NEW JOBS 820 NEW JOBS 470 NEW JOBS 300 NEW JOBS 240 NEW JOBS PLAZA ON THE LAKE I & II 5

6 DEBT PLACEMENT INVESTMENT SALES EQUITY PLACEMENT ADVISORY SERVICES LOAN SALES LOAN SERVICING Atlanta, GA Austin, TX Boston, MA Carolinas Chicago, IL Dallas, TX Houston, TX Denver, CO Indianapolis, IN Los Angeles, CA Miami, FL New York City, NY Florham Park, NJ Orange County, CA Orlando, FL Philadelphia, PA Pittsburgh, PA Portland, OR San Diego, CA San Francisco Tampa, FL Washington, D.C. Financing Guidance ANDREW LEVY TODD SAVAGE KELSEY ROOP PATRICK MCCORD MICHAEL RESTIVO JEREMY WOMACK Senior Managing Director Managing Director Associate Director Senior Real Estate Analyst Real Estate Analyst Managing Director HFF has been engaged by the owner of the properties to market them for sale. Information concerning the property [properties] described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.