executive summary INVESTMENT HIGHLIGHTS PROPERTY OVERVIEW MAJOR TENANTS TENANT SF %

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1 SAN ANTONI O TEX AS O F F E R I N G S U M M A RY

2 executive summary HFF is pleased to exclusively offer City Base Landing (the "Property"), a 201,426 squarefoot shopping center located within the 1,300 acre Brooks City Base Master Planned Community of San Antonio, TX. The Property is strategically located at the intersection of SE Military Drive and Interstate 37, anchored by national tenants Best Buy and Office Depot, and shadow anchored by Walmart and Sam's Club. Currently 86.8% leased within a 98% leased submarket, the next owner has the ability to add substantial value through the lease up of the remaining vacancy and benefit from the recent and continuing improvements of Brooks City Base and the San Antonio economy. PROPERTY OVERVIEW LOCATION 3326 SE Military Drive San Antonio, Texas OCCUPANCY 86.8% SIZE YEAR BUILT ,426 SF MAJOR TENANTS TENANT SF % BEST BUY 29, % OFFICE DEPOT 18, % JO-ANN FABRIC AND CRAFT STORES 15, % OTHERS 138, % INVESTMENT HIGHLIGHTS DYNAMIC LOCATION WITHIN BROOKS CITY BASE: City Base Landing benefits tremendously from Brooks City Base's increasing density, economic activity and ample spending power and will continue to do so in light of the ongoing and future improvements. $300 million in capital improvements underway or planned $54.9 million bond package issued in 2015 for infrastructure improvements Over 40 businesses supporting over 3,000 jobs Estimated to support more than 17,000 jobs by ,410% increase in taxable value since 2004 Located within a Tax Increment Reinvestment Zone 3,354 multi-family units currently 93% leased within the immediate trade area with an additional 592 units under construction Cost of living is 10% below the national average ESTABLISHED RETAIL INTERSECTION: Highly desirable retail node which includes over 1.6 million square feet that is currently 98% occupied and has remained over 96% since 2006 $2.1 Billion of spending power within Brooks City Base Hosts a range of national tenants including Walmart, Sam s Club, Lowe s, Target, The Home Depot, H.E.B, and Walgreens TOTAL 201, % 2

3 BROOKS CITY BASE AMENITIES first title RESIDENTIAL 1 Brooksfield Apartments units 2 Heritage Oaks units 3 The Landings at Brooks City Base units 4 Aviator at Brooks City Base units 5 Vantage Apartments units (1Q 2017) 6 The Residences at Kennedy Hill units (1Q 2017) 7 Denton Communities Single Family Homes OFFICE/MEDICAL 8 Mission Trail Baptist Hospital 9 Brooks Medical Plaza 10 Future Office Building 11 Future Medical Office Building (1Q 2018) New Braunfels Road Extension to I-410 EDUCATION 12 Brooks Academy of Science and Engineering & International Studies 13 Brooks Estrella Academy 14 Future Charter School 15 UIW School of Osteopathic Medicine (2017) INDUSTRIAL 21 DPT Laboratories 22 Mission Solar Energy 23 Wyle Laboratories 24 Future Nissei Plastic Industrial Site RECREATIONAL 16 Darryl W. Lyons Park 17 Jim Greenfield Park 18 Brooks Park (CoSA) 19 Greenline Park (2017) HOTEL 25 Holiday Inn Express & Suites 26 Hampton Inn 27 Embassy Suites (1Q 2017) TRANSPORTATION 20 VIA Transit Stop Brooks City Base Community Inner Circle Road Extension to Stinson Municipal Airport (80,0 00 V V , 26 ) PD ry D ( rive lita E Mi 17 S 1

4 first title executive summary DEM OGRAPHI C SU M M ARY 3-MILE 5-MILE 10-MILE 2016 Estimate 62, , ,335 Growth % 5.54% 5.01% 2016 Est. Median Age $46,672 $46,289 $50, Estimate 21,928 61, ,958 Growth % 6.46% 6.14% DESCRIPTION Downtown San Antonio POPULATION INCOME 2016 Est. Average Household Income HOUSEHOLDS Source:The Nielsen Company 2016 (80,000 V ry Drive SE Milita Gol iad Cit yb a laz ea P rch Res 4 4 a se L an d in g Roa d (35,000 V

5 first title executive summary INCOME SECURITY WITH UPSIDE POTENTIAL: Strong tenant retention rate with original tenants comprising 75% of the rent roll Over 93,000 SF (nearly 50% of the GLA) renewed in 2016, including anchors Best Buy and Office Depot Incoming anchor Jo-Ann Fabrics just executed a 10-year lease for 15,200 SF AT&T recently renewed for 5 years and expanded 1,310 SF for a total of 4,258 SF Ability to add $720,000 in additional NOI through the lease up of the 26,669 SF of vacancy America s 25 Best Performing Cities - Milken Institute ACCOLADES Top 10 Best Economic Climate Best Cities for Jobs Fortune Magazine Top 10 Fastest Growing Cities America s 25 Best-Performing Cities - Milken Institute #8 America s Next Boom Town Top Cities for Global Trade - Global Trade Magazine IN THE LAST 5 YEARS +25,000 EXPECTED 2016 MSA Population (Jul-16) Economy (2015 GDP) 113,000 JOBS Average Annual Population Growth ( ) AMONG NATION S 10 FASTEST GROWING METROS Population Growth Forecast ( ) Unemployment Rate (Sep-16) Average Annual Employment Growth ( ) Employment Growth Forecast ( ) 2,425,200 $105M 2.0% 8.9% 3.8% 3.0% 29.0% HOME TO 5 FORTUNE 500 COMPANIES USAA Valero iheart Media CST Brands Tesoro ADDITIONAL INFORMATION If you have any questions or require additional information, please contact any of the individuals below. BARRY BROWN Senior Managing Director bbrown@hfflp.com JIM BATJER Senior Managing Director jbatjer@hfflp.com JOHN TAYLOR Managing Director jtaylor@hfflp.com MATT McCARNEY Analyst mmccarney@hfflp.com JOSEF CTVRTLIK Analyst jctvrtlik@hfflp.com DEBT CONTACT STEVE HELDENFELS Managing Director sheldenfels@hfflp.com FOR LEASING INFORMATION PLEASE CONTACT: PRICE ONKEN Reata Real Estate ponken@reatares.com MICHAEL JERSIN Reata Real Estate mjersin@reatares.com Victory Avenue Suite 1200 Dallas, TX Tel Fax hfflp.com HFF has been engaged by the owner of the property [properties] to market it [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. 5