tree tops at post oak GALLERIA/UPTOWN DISTRICT RIVER OAKS DISTRICT 610

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Quentin Moore
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GALLERIA/UPTOWN DISTRICT RIVER OAKS DISTRICT 610 RIVER OAKS DISTRICT Dining Le Colonial Hopdoddy Burger Bar Steak 48 Taverna Pizzeria & Risotteria Retail & Entertainment Cartier Dolce & Gabana Dior

1 GALLERIA/UPTOWN DISTRICT RIVER OAKS DISTRICT 610 RIVER OAKS DISTRICT Dining Le Colonial Hopdoddy Burger Bar Steak 48 Taverna Pizzeria & Risotteria Retail & Entertainment Cartier Dolce & Gabana Dior Brunello Cucinello Bonobos Hermes Harry Winston L Occitane Toulouse Cafe & Bar Amorino Gelato Flow Juice Bar The Tuck Room Roberto Cavalli Saint Bernard Roberta Roller Rabbit Stella McCartney Van Cleef & Arpels Tom Ford St. Nicola Les Copains tree tops at post oak ±2.32 acres at briar hollow place and post oak park drive 94,258 Square-Foot Existing Apartment Building 4510 Briar Hollow Place, Houston, TX Price TBD by Market

2 contacts EXCLUSIVE REPRESENTATION ARA, A Newmark Company (ARA Newmark) and Dosch Marshall Real Estate (DMRE) have been retained to represent the Seller in the disposition of Tree Tops at Post Oak. All inquiries about the Property should be directed to ARA Newmark or DMRE. DUE DILIGENCE INFORMATION To access the due diligence information, please visit the Property website at: OFFER REQUIREMENTS Offers should be presented in the form of a non-binding Letter of Intent, and should include:»» Pricing»» Due Diligence and Closing Timeframe»» Earnest Money Deposit»» Description of Debt/Equity Structure»» Qualifications to Close»» Development Plans Purchase terms shall require cash to be paid at closing. Offers should be delivered to the attention of Zach Springer or Tim Dosch via fax or . ARA NEWMARK Zach Springer zspringer@aranewmark.com T M Adam Allen aallen@aranewmark.com T M David Wylie wylie@aranewmark.com T M DOSCH MARSHALL REAL ESTATE Tim Dosch tim@dmreland.com T M David Marshall david@dmreland.com T M Tom Dosch tom@dmreland.com T M / acres AT 4510 briar hollow place

3 CONTENTS tree tops at post oak Property Information 4 Survey & Tax Rates 5 Aerial 6 Employment Highlights 7 Retail & Entertainment Highlights 13 Houston Market Overview 14 Brokerage Information 15 +/ acres AT 4510 briar hollow place 3

4 TRACT DETAIL LOCATION 4510 Briar Hollow Place, Houston, Texas LATITUDE, LONGITUDE TOTAL ACRES ±2.32 Acres FRONTAGE (APPROX.) , PARCEL ID Feet on Post Oak Park Drive 191 Feet on Briar Hollow Lane 526 Feet on Briar Hollow Place ACCESS Briar Hollow Place UTILITIES City of Houston SCHOOL DISTRICT Houston ISD APARTMENTS 94,258 SF Total Building Area 82,988 SF Net Rentable Area Two 3-Story Buildings 112 Units DEMOGRAPHICS 0-1 mi 0-3 mi 0-5 mi 2017 Est. Population 14, , , Population Growth 13% 18% 15% 2017 Avg. Household Income $162,200 $141,919 $123, Avg Home Value $735,173 $607,243 $531,593 ±2.32 Acres Just East of I-610 and North of San Felipe 94,258 square-foot existing apartment building Apartments are 0% leased making the Property ideal for redevelopment Site has a desirable layout for podium development Convenient Access to Houston s Top Employment Centers Galleria/Uptown District 82,000+ employees less than 1 mile Greenway Plaza 25,000+ employees 1.5 miles Texas Medical Center 106,000+ employees 4.25 miles Central Business District 150,000+ employees 5 miles Proximity to High-End Retail, Dining and Entertainment Uptown Park is directly across I-610 River Oaks District is less than a mile south The Galleria is 1 mile southwest Surrounded by Affluent Single Family Briar Hollow home values up to $2.1M River Oaks home values up to $20M Oak Estates home values up to $3.7M Afton Oaks home values up to $1.9M Highland Village home values up to $2.5M 4 +/ acres AT 4510 briar hollow place

028290 tree tops at post oak Port of Houston Authy 0.

005200 Hou Community College 0.100263 City of Houston 0.

5 2017 TAX RATES 2016 Rate Houston ISD Harris County Harris Co Flood Cntrl tree tops at post oak Port of Houston Authy Harris Co Hosp Dist Harris Co Educ Dept Hou Community College City of Houston Total / acres AT 4510 briar hollow place 5

1 3 2 4 5 6 7 10 11 9 12 8 GALLERIA/UPTOWN DISTRICT 18 19 13 14 16 RIVER OAKS DISTRICT 610 15 17 RIVER OAKS DISTRICT Dining Le Colonial Hopdoddy Burger Bar Steak 48 Taverna Pizzeria & Risotteria

6 GALLERIA/UPTOWN DISTRICT RIVER OAKS DISTRICT RIVER OAKS DISTRICT Dining Le Colonial Hopdoddy Burger Bar Steak 48 Taverna Pizzeria & Risotteria Retail & Entertainment Toulouse Cafe & Bar Amorino Gelato Flow Juice Bar The Tuck Room tree tops at post oak 20 Cartier Dolce & Gabana Dior Brunello Cucinello Bonobos Hermes Harry Winston L Occitane Roberto Cavalli Saint Bernard Roberta Roller Rabbit Stella McCartney Van Cleef & Arpels Tom Ford St. Nicola Les Copains Aerial Legend 1 Williams Tower 6 Royal Sonesta 11 Apache Corporation 16 BLVD Place 2 Bechtel Oil, Gas, & Chemicals 7 TheGalleria Mall 12 ENGIE North America 17 Landry s Inc 3 BB&T 8 AECOM 13 Transwestern 18 BHP Billiton Petroleum 4 Silicus Technologies, LLC (HQ) 9 JW Marriott West Loop South 19 Marathon Oil 5 The Westin Oaks 10 BBVA Compass Plaza 15 Houston Marriott West Loop 20 Uptown Park 6 +/ acres AT 4510 briar hollow place

EMPLOYMENT HIGHLIGHTS the galleria/uptown district (0.

including Apache Corporation, BHP Billiton, Cameron International Corporation, Hines REIT, and

3 million square feet is under construction $1 billion in renovations are underway One of the nation s

7 EMPLOYMENT HIGHLIGHTS the galleria/uptown district (0.25 miles) Over 82,000 employees and 28 million square feet of office space Home to over 2,000 companies including Apache Corporation, BHP Billiton, Cameron International Corporation, Hines REIT, and Weatherford International, Ltd. 1.3 million square feet is under construction $1 billion in renovations are underway One of the nation s largest business districts POST OAK BOULEVARD THE GALLERIA 2,000 companies 82,000+ employees 26M SF of Class A office 5M SF of retail 1,000+ stores 14th largest business district in nation +/ acres AT 4510 briar hollow place 7

8 greenway plaza (1.5 miles) Ten-building complex totaling over 4.25 million square feet of Class A office space and boasts over 25,000 employees Major employers include Oxy USA, Transocean, Koch Industries, Invesco, Direct Energy, and Community Bank of Texas Master-planned mixed-use 52-acre site with premier frontage along US 59 Sold to Cousins for $1.3 billion $5M in renovations recently completed 10 building complex 25,000+ employees 4.25M SF of Class A office Master-planned mixed-use 52-acre site Premier frontage along U.S. Highway 59 $5 million in renovations recently completed texas medical center (4.2 miles) Largest medical center in the world currently undergoing a $7 billion expansion Eighth largest business district in the country One of the most stable, high income areas in the US Encompasses 1,345 acres and 45.8 million SF Houston Methodist currently undergoing $1.2 billion expansion and Texas Children s spending $506 million for expansion The Texas Medical Center hosts 106,000 employees, 50,000 students, and 21 hospitals Several projects under construction and recently completed: Texas Children s Hospital $506 million expansion Adding 19 floors to existing tower for new heart center, expanded critical care, and diagnostic and therapeutic services Expected completion: 2018 Baylor St. Luke s McNair Campus New 1.2-million-square-foot facility In various stages of completion, renovation and construction Second patient tower and medical office building planned M.D. Anderson Alkek Hospital $293 million expansion added nine floors (478,000 square feet) to existing 755,764-square-foot hospital Four floors were completed in 2013, three in 2014, and the last two in 2016 University of Texas M.D. Anderson Cancer Center $198 million expansion Will add 184,000 square feet to the existing building Largest medical complex in the world 106,000 employees 7.2 M+ annual visitors 21 hospitals including Methodist, Memorial Hermann, St. Luke s 5,000 doctors 7,000 beds 15,000 nurses 25,000 babies annually Houston Methodist $540 million expansion Building a 390-bed inpatient tower at the main campus Expected completion: 2017 Memorial Hermann $650 million renovation and expansion Building new patient care building and upgrading infrastructure Adding 1.3 million square feet in a new space and increasing their size by 50% Expected completion: 2018 rice university (3.75 miles) 45.8M SF of commercial space 5,700 researchers 171,000 surgeries annually 1,345 acres 50,000 students 18 miles of streets/roads Comprehensive research university consistently ranked among top 20 universities in the U.S. overall One of only three Tier One universities in Texas 665 full-time and 197 part-time instructional faculty 98% of full-time instructional faculty have a doctorate or terminal degree in their field 3,879 undergraduate and 2,744 graduate degreeseeking students 8 +/ acres AT 4510 briar hollow place

9 TEXAS MEDICAL CENTER 106,000 employees GREENWAY PLAZA 25,000 employees PARK RIVER OAKS DISTRICT RIVER OAKS HV TO $20M HIGHLAND VILLAGE tree tops at post oak post oak park dr 610 +/ acres AT 4510 briar hollow place 9

Morgan (1,850), CenterPoint Energy (1,803), Hess Corporation (1,870), United Airlines (1,840), Accenture (1,800) and Wells Fargo (1,695) Home to Minute Maid Park (Houston Astros)

10 THEATER DISTRICT 150,000+ employees central business district (4.65 miles) 150,000 employees 9 Fortune 500 companies Major employers (number of employees) include Chevron (8,000), Chase Bank (4,695), KBR (3,175), Deloitte (1,960), Kinder Morgan (1,850), CenterPoint Energy (1,803), Hess Corporation (1,870), United Airlines (1,840), Accenture (1,800) and Wells Fargo (1,695) Home to Minute Maid Park (Houston Astros) and Toyota Center (Houston Rockets) Contains 1.2 million square foot George R. Brown Convention Center 9 Fortune 500 companies 50M SF of office space Minute Maid Park Houston Astros 1.2M SF George R. Brown Convention Center Toyota Center Houston Rockets 10 +/ acres AT 4510 briar hollow place

OAKS COUNTRY CLUB RIVER OAKS HV TO $20M UPPER KIRBY HV TO $3M

11 CENTRAL BUSINESS DISTRICT 150,000 employees WASHINGTON CORRIDOR MEMORIAL PARK 1,466 acres 4M annual visitors RIVER OAKS COUNTRY CLUB RIVER OAKS HV TO $20M UPPER KIRBY HV TO $3M tree tops at post oak 610 +/ acres AT 4510 briar hollow place 11

NORTHWEST MALL MARQ-E ENTERTAINMENT CENTER LAZYBROOK/ TIMBERGROVE HV TO $1M THE HEIGHTS HV TO $3M 45 69 5 Miles WESTHEIMER RETAIL CORRIDOR TANGLEWOOD HV TO $10M UPTOWN PARK UPTOWN/ GALLERIA MEMORIAL

12 NORTHWEST MALL MARQ-E ENTERTAINMENT CENTER LAZYBROOK/ TIMBERGROVE HV TO $1M THE HEIGHTS HV TO $3M Miles WESTHEIMER RETAIL CORRIDOR TANGLEWOOD HV TO $10M UPTOWN PARK UPTOWN/ GALLERIA MEMORIAL PARK 1,466 acres 4M annual visitors tree tops at post oak RIVER OAKS DISTRICT 10 RIVER OAKS HV TO $20M GREENWAY PLAZA RICE MILITARY HV TO $1.5M UPPER KIRBY HV TO $3M 69 CENTRAL BUSINESS DISTRICT 45 TOYOTA CENTER MINUTE MAID PARK GEORGE R. BROWN CONVENTION CENTER 45 GALLERIA HERMANN PARK/ HOUSTON ZOO BELAIRE HV TO $3.3M W. UNIVERSITY HV TO $4.1M TEXAS MEDICAL CENTER NRG PARK FUTURE UT EXPANSION / acres AT 4510 briar hollow place

13 retail & entertainment highlights Uptown Park (0.25 miles) More than 160,000 square feet of high-end retail boutiques as well as multiple dining options Retailers include Embajadores Fine Cigars, Francesca s Collections, Gittings, Lewis Jewelers, High Gloss, Drybar, Bill Walker Clothier, Crave Cupcakes, Elizabeth Anthony, Longoria Collection, Top Drawer Lingerie, Uptown Sushi, and McCormick & Schmick s, to name a few The Galleria/Uptown District (0.25 miles) More than five million square feet of retail space and approximately 1,000 stores Boasts Houston s most prestigious shopping including stores such as Neiman Marcus, Cartier, Hermes of Paris, Saks Fifth Avenue, Louis Vuitton, Ethan Allen, and Houston s only Nordstrom The Galleria is the largest shopping mall in Texas River Oaks District (0.5 mile) 14-acre outdoor luxury boutique shopping center with 252,000 square feet of retail space Offers world-class high-fashion brands including Cartier, Dolce & Gabana, Dior, Bonobos, Harry Winston, Hermes, Tom Ford, Saint Bernard, Stella McCartney, and Brunello Cucinello Dining includes Le Colonial, Hopdoddy Burger Bar, Steak 48, Taverna Pizzeria & Risotteria, Toulouse Cafe & Bar, and Amorino Gelato Highland Village (0.8 miles) Retail includes Crate & Barrel, Williams-Sonoma, Pottery Barn, Anthropologie, Restoration Hardware, and J.Crew Home to several distinctive dining establishments including Smith & Wollensky, UP Restaurant, RA Sushi, and Escalante s Greenway Plaza (1.5 miles) Dining includes Colina s, Oishii s, Bullritos, Buffalo Wild Wings, and Tony s Upper Kirby (2.1 miles) Mix of affluent residential neighborhood and urban mixed-use developments Live-work-play environment with high end retail, posh boutiques, and fine restaurants, including Pondicheri, Fleming s, Grace s, Giacomo s Cibe e Vino, Chuy s, Carrabbas, Turquoise Grill, BB s Cafe, Goode Co. Seafood, The Queen Vic Pub & Kitchen, and Kata Robata Upper Kirby The Music Box, a theater venue Whole Foods Market features an in-store bar serving draft beers Rice Village (3.0 miles) Offers over 300 shops in the immediate 16-block area Consists of boutiques and eclectic shops as well as high-end clothing stores such as Chico s, Eddie Bauer, and Pier 1 Imports Dining options include a variety of food from all over the world including Japanese, Chinese, French, Italian, Mexican, Spanish, Mediterranean, and Vietnamese Memorial Park (1.0 miles) 1,503 acres one of the largest urban parks in the US Home to the top rated municipal golf course in Texas Several miles of hiking, biking, and jogging trails, tennis facilities, swimming, volleyball, and a 155-acre botanical garden and nature center Phase I ($25M) of the $200M makeover of Memorial Park began in the Fall of 2015 Phase I will include two large newly designed shady green spaces with picnic accommodations, walkways, gardens, and a viewing pond Future phases will include a land bridge over Memorial Dr, an indoor pool, extensive increases to the park s hike and bike trails, an observation deck, bird sanctuary, new entry gateways and a remodeled driving range +/ acres AT 4510 briar hollow place 13

14 houston market overview HOUSTON MSA ECONOMIC OVERVIEW 2018 Employment Growth (projected) +80, , ,500 Population Growth (projected) (avg) +98, (avg) +130, (avg) +99,979 ENERGY MARKETS ARE REBOUNDING WTI $150 $100 $50 $0 HIstorical WTI and US Rig Count 2,500 2,000 1,500 1, US Rig Count * WTI US Rig Count WTI $93.17 $48.66 $43.29 $50.25 $64.56 % Change % % 16.08% 28.48% US Rig Count 2,242 1, % Change % % 37.30% 6.85% 14 +/ acres AT 4510 briar hollow place

15 Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. Information About Brokerage Services Before working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly. IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner s agent anything the buyer would not want the owner to know because an owner s agent must disclose to the owner any material information known to the agent. IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer s agent anything the owner would not want the buyer to know because a buyer s agent must disclose to the buyer any material information known to the agent. IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction: (1) shall treat all parties honestly; (2) may not disclose that the owner will accept a price less that the asking price unless authorized in writing to do so by the owner; (3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and (4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property. With the parties consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party. Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee s records. Buyer, Seller, Landlord or Tenant If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding. Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas , ( Date DISCLAIMER Prospective purchasers are hereby advised the Owners ( Owner ) of the Property are soliciting offers through ARA Newmark ( ARA ) and Dosch Marshall Real Estate ( DMRE ), which may be accepted or rejected by the Owners at the Owners sole discretion. Any solicitation of an offer for the Properties offered hereunder will be governed by this Offering, as it may be modified or supplemented. Prospective purchasers are advised that as part of the offer process, the Owners will be evaluating several factors including the experience and financial qualifications of the purchasing entity. The Owners shall have no obligation to accept any offer from any prospective purchaser. The Owners reserve the right to withdraw the Properties from consideration at any time prior to final execution of a Purchase Agreement. This Offering document is furnished to prospective purchasers for the purpose of determining whether to invest in the Properties offered hereby. The information contained herein, or any other related information provided by the Owners, may not be reproduced, redistributed or used in whole or in part without the prior written consent of the Owners. No person has been authorized to give any information or make any representation or warranty, either expressed or implied and, if given or made, such information or representation must not be relied upon. While the Owners and ARA have no reason to believe that the information provided herein or in subsequent information updates delivered to potential purchasers hereunder contains any material inaccuracies, neither the Owners nor ARA nor any of the Owners or ARA s respective subsidiaries, affiliates, companies, or the officers, directors, employees, agents and representatives of any such entities, etc., make any representations or warranties, expressed or implied, as to the validity, accuracy or completeness of the information provided or to be provided, and nothing herein shall be deemed to constitute a representation, warranty or promise by any such parties as to the future performance of the Properties or any other matters set forth herein. Any obligations to prospective purchasers that the Owners may have with respect to the Properties are limited to those expressly set forth in a fully executed Purchase Agreement between the parties. Prospective purchaser s sole and exclusive rights against the Owners, with respect to this prospective transaction, the Properties, or information provided herein or subsequently, shall be limited to those remedies expressly provided in an executed Purchase Agreement, which shall not survive the closing. Further, in no event shall prospective purchasers have any claims against the Owners, ARA, or any of their respective affiliates for any damages, liability, or causes of action relating to the Purchase Agreement. Prospective purchasers are not to construe the contents of this Offering or any prior or subsequent information communications from the Owners or any of their respective officers, employees or agents as legal, tax or other advice. Prior to purchasing, prospective purchasers should consult with their own legal counsel and personal and tax advisors to determine the consequences of an investment in the Property and arrive at an independent evaluation of such investment. No commission or finder s fee shall be payable to any party by the Owners nor any affiliate or agent thereof in connection with the sale of the Properties unless otherwise agreed to by the Owners in writing. Acquisition of properties such as the these offered hereunder involves a high degree of risk and are suitable only for persons and entities of substantial financial means. +/ acres AT 4510 briar hollow place 15

MARQ-E ENTERTAINMENT CENTER 610 10 TANGLEWOOD HV TO $10M UPTOWN PARK woodway dr MEMORIAL PARK 1,466 acres 4M annual visitors GALLERIA/UPTOWN DISTRICT 610 tree tops at post oak ARA NEWMARK HOUSTON

16 MARQ-E ENTERTAINMENT CENTER TANGLEWOOD HV TO $10M UPTOWN PARK woodway dr MEMORIAL PARK 1,466 acres 4M annual visitors GALLERIA/UPTOWN DISTRICT 610 tree tops at post oak ARA NEWMARK HOUSTON 1700 Post Oak Blvd. 2 BLVD Place, Suite 400 Houston, TX Zach Springer Adam Allen David Wylie Phone: (713) DOSCH MARSHALL REAL ESTATE 1990 Post Oak Blvd. Suite 240 Houston, TX Tim Dosch David Marshall Tom Dosch Phone: (713)

MONTROSE AREA / 2ND GENERATION BAR FOR LEASE

1625 RICHMOND AVE. HOUSTON, TX 77006 MONTROSE AREA / 2ND GENERATION BAR FOR LEASE PROPERTY OVERVIEW NORTH BELT LOCATION 1625 Richmond Avenue Houston, TX 77006 290 NORTHWEST 8 SPACE AVAILABLE Total Size: