La Plaza. on Witte. A 80 Unit Class C Multi-Family Asset

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1 BROKER'S OPINION OF VALUE A 80 Unit Class C Multi-Family Asset La Plaza on Witte A P A R T M E N T S APARTMENTS FOR SALE KET Enterprises Incorporated I 4295 San Felipe, Suite 355 I Houston, TX I

2 La Plaza on Witte A P A R T M E N T H O M E S 1350 Witte Road, Houston, TX La Plaza on Witte 1350 Witte Road Houston, TX A P A R T M E N T S F O R S A L E Units: 138 Avg Size: 842 Date Built: 1965 Rentable Sq. Ft.: 116,232 Acreage: 5.25 Occupancy: 95% Class: C Asking Price MARKET INVESTMENT HIGHLIGHTS Available on an All Cash or New Loan Basis Older Class "C" Project in Spring Branch Some of the Best Public Schools in Houston Rehab Candidate Excellent Access to All Major Employment Centers Ideal for Long Term Cash Flow! Blue Collar Profile PLEASE CALL FOR MORE DETAILS: HASHIR SALEEM Broker/Senior Associate hashir@ketent.com ext 106 Broker No KET Enterprises Incorporated I 4295 San Felipe, Suite 355 I Houston, TX I I

3 La Plaza on Witte 1350 Witte Road Houston, TX Physical Information Financial Information Proposed Loan Parameters Operating Information Number of Units Avg Unit Size Asking Price Market Est New Loan Amortization (months) Net Rentable Area Land Area (Acres) Units per Acre Date Built 116, Debt Service Monthly P & I Interest Rate Date Due Water Meter / Master Elec Meter RUBS Indiv Est Res for Repl/Unit/Yr Yield Maintenance Roof Style Flat Transfer Fee A/C Type HVAC-Indiv 300 $0 4.30% 1%+app+legal Est Mkt Rent (Sep-17) $101,120 6 Mo Avg $96,824 Physical Occ (Nov-17) 95% Est Ins per Unit per Yr $325 Property Tax Information 2017 Tax Rate/$ Tax Assessment $3,775, Taxes $98,692 Est Future Tax Assessment $5,800,000 Est Future 80% $151,605 INCOME PRO-FORMA INCOME Current Street Rent with a 6% Increase 1,286,243 Estimated Gross Scheduled Income 1,286,243 Estimated Loss to Lease (2% of Total Street Rent) (25,725) 2% Estimated Vacancy (4% of Total Street Rent) (51,450) 4% Estimated Concessions and Other Rental Losses (5% of Total Street Rent) (64,312) 5% Estimated Utilities Income Estimated Other Income 35,332 Estimated Total Rental Income ESTIMATED TOTAL PRO-FORMA INCOME Apr thru Sept 2017 Income Annualized EXPENSE MODIFIED ACTUALS $1,161,886 Jan thru Sept 2017 Expenses Annualized PRO-FORMA Estimated Future Expenses $107,187 / Mo $107,187 / Mo 0 $ / Unit / Yr $256 / Unit / Yr 1,180,088 $98,341 / Mo 1,180,088 Fixed Expenses Fixed Expenses Estimated Fixed Expenses Taxes Insurance $100,500 $50,036 $728 per Unit $363 per Unit 9/17 Trailing Operating Statement $151,605 $44,850 $1,099 per Unit $325 per Unit 2017 Tax Rate & Est Future Value Estimated Total Fixed Expense 150,536 $1,091 per Unit 196,455 $1,424 per Unit Utilities Utilities Estimated Utilities Electricity $12,466 $90 per Unit Net of Electric Reimbursement $12,466 $90 per Unit Gas $32,728 $237 per Unit $32,728 $237 per Unit Water/Sewer $40,582 $294 per Unit Net of Water Reimbursement $40,582 $294 per Unit Trash Disposal $10,210 $74 per Unit $10,210 $74 per Unit Total Utilities 95,987 $696 per Unit 95,987 $696 per Unit Other Expenses Other Expenses Estimated Other Expenses General & Admin & Marketing Repairs & Maintenance Labor Costs Contract Services $33,072 $115,478 $124,388 $55,070 $240 per Unit $837 per Unit $901 per Unit $399 per Unit $35,880 $69,000 $151,800 $34,224 $260 per Unit $500 per Unit $1,100 per Unit $248 per Unit Management Fees $33, % $244 per Unit $41, % $299 per Unit Total Other Expense 361,662 $2,621 per Unit 332,207 $2,407 per Unit Total Operating Expense 608,185 $4,407 per Unit 624,649 $4,526 per Unit Reserve for Replacement 44,463 $322 per Unit 41,400 $300 per Unit Total Expense 652,648 $4,729 per Unit 666,049 $4,826 per Unit Net Operating Income (Actual Underwriting) 509, ,039 Asking Price Market Market NOTES: ACTUALS: Income and Expenses are based on Owner's 9/17 Trailing Operating Statement. PRO FORMA: Income is Pro Forma as Noted. Taxes were calculated using 2017 Tax Rate & Est Future Value. Insurance is estimated. Management Fees calculated as 3.5% of Gross Income, Other expenses are Estimated for the Pro Forma. Please note that Water Reimbursements are deducted from Water Expense on Owner's operating statement. DISCLAIMER: The information contained herein has been obtained from sources that we deem reliable. We have no reason to doubt the accuracy of the information, but we have not verified it and make no guaranty, warranty or representation about it. It is your resonsibility to independently confirm its accuracy and completeness. We have not determined whether the property complies with deed restrictions or any city licensing or ordinances including life safety compliance or if the property lies within a flood plain. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME OR EXPENSE AND PERFORM OR HAVE PERFORMED ANY INSPECTIONS TO VERIFY POSSIBLE CONTAMINATION BY ASBESTOS, LEAD PAINT, MOLD OR ANY OTHER HAZARDOUS SUBSTANCES. The owner reserves the right to withdraw this listing or change the price at anytime without notice during the marketing period. 12/14/2017 LaPlazaOnWitte

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5 La Plaza on Witte 1350 Witte Road Houston, TX Age: 1965 Mortgage Balance Property Overview Renovated: N/A Servicer Spring Branch ISD $ Elec Meter: Indiv Amortization Harris County $ A/C Type: HVAC-Indiv P & I (when amortizing) Harris County Flood Control $ Water: RUBS Type Port of Houston Authority $ Wiring: Copper? Assumable Harris County Hospital District $ Roof: Flat Monthly Escrow Harris County Education Dept. $ Paving: Asphalt Origination Date City of Houston $ Materials: Brick/Wood Due Date Spring Branch Mgmt District # of Stories: 2 Interest Rate Buildings: 21 Yield Maintenance* 2017 Tax Rate/$100 $ Units/Acre: Transfer Fee 1%+app+legal 2017 Tax Assessment $3,775,675 Open Parking: Yes Garages: No HCAD Net Rentable SqFt 116,232 Quality: Key Map: PROPERTY INFORMATION C 450W CURRENT MORTGAGE TAXING AUTHORITY Harris County Account #: Mo Avg $ 96,530 6 Mo Avg $ 96,824 3 Mo Avg $ 96,202 6 Mo Avg $ 96,824 *Average Month 2016 Oct 2016* $ 93,451 Nov 2016* $ 93,451 Dec 2016* $ 93,451 Jan 2017 $ 94,399 Feb 2017 $ 97,662 Mar 2017 $ 95,767 Apr 2017 $ 96,706 May 2017 $ 96,636 Jun 2017 $ 98,995 Jul 2017 $ 96,515 Aug 2017 $ 95,433 Sep 2017 $ 96,659 $100,000 $99,000 $98,000 $97,000 $96,000 $95,000 $94,000 $93,000 $92,000 $91,000 $90,000 PLEASE DO NOT VISIT THE PROPERTY WITHOUT AN APPOINTMENT MADE THROUGH THE BROKER La Plaza Apartments is a two story, garden-style, 138 unit, Class C, 1965 vintage apartment property located in the Spring Branch area of Houston. Some of the amenities include: ceiling fans, fully equipped kitchens, and swimming pool. The property is located in the highly rated Spring Branch ISD and has convenient access to Interstate 10, Loop 610, Hwy 290, and Beltway 8. All the major business districts, i.e., I-10/Memorial, Energy Corridor, The Galleria, Uptown, Greenway Plaza, and the Downtown Central Business District, are convenient to the property. Due to the excellent Spring Branch ISD schools and the close in location, this asset has great potential to purchase and rehab. This asset has been owned more than 20 years. The rehab number is estimated. There have been recent sales in the area between $50K and $80K per door depending on the location and the physical condition. Disclaimer: The information contained in this Memorandum reflects material from sources deemed to be reliable, including data such as operating statements, rent roll, etc. provided by the Owner. Notwithstanding, KET Enterprises Incorporated does not make any warranties about the information contained in this marketing package. Every prospective purchaser should verify the information and rely on his accountants or attorneys for legal and tax advice. This offer is As-Is, Where-Is. Answers to specific inquiries will have to be supplied by the Owner and are available upon request. Rates of return vary daily. No representations are made concerning environmental

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9 La Plaza on Witte 1350 Witte Road Houston, TX UNIT MIX NOVEMBER 2017 Unit Mix Type Bed/Baths No. Units Sq Ft Total SqFt Market Rent Total Rent Rent/SF 1 Bed/1 Bath ,632 $635 $20,320 $ Bed/1 Bath ,848 $645 $15,480 $ Bed/1 Bath ,440 $730 $30,680 $ Bed/1.5 Bath ,344 $770 $6,160 $ Bed/2 Bath ,968 $890 $28,480 $0.79 Source: Owner's Rent Roll 11/28/17 TOTALS AND AVERAGES ,232 $733 $101,120 $0.87 Total Units Average Sq. Ft. Total Sq. Feet Average Rent/Unit Total Rent Average Rent/ SF 23% UNIT TYPE UNIT SIZE 6% 41% 1 Bed/1 Bath 2 Bed/1 Bath 2 Bed/1.5 Bath 3 Bed/2 Bath Bed/1 Bath 1 Bed/1 Bath 2 Bed/1 Bath 2 Bed/1.5 Bath 3 Bed/2 Bath 30% 702 Unit Amenities Perimeter Fence Laundry Facilities Gated Access Covered Assigned Parking Community Amenitites Swimming Pool Mini Blinds Pantry Cable Ready Ceiling Fan(s) Mini Blinds Central Air/Heating Frost-Free Refrigerator

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12 La Plaza on Witte 1350 Witte Road Houston, TX Location

13 La Plaza on Witte 1350 Witte Road Houston, TX 77055

14 La Plaza on Witte 1350 Witte Road Houston, TX Rent Comparables - November 2017 (Source: Apartment Data Services) Property Name Year Built Year Rehabbed Occ #Units Avg SF Avg Rent Rent Comparables EWG P/SF 1 Spring Pine 1554 Gessner Dr 2 Westview Forest Westview 3 Witte Oaks 1651 Witte 4 Ivy Club Old Katy Rd 5 English Oaks 1320 Gessner Dr Totals/Averages Comps 1968 N/A 93% $777 $0.86 La Plaza 1350 Witte Rd. Sub-Market Averages(Spring Branch) 1965 N/A 95% 93% , $733 $927 EW $0.87 $1.012 Houston Market Averages 88% 661, $974 $1.103 *Resident Pays E(Electric), W(Water), G(Gas) 1964 N/A 98% $ N/A 86% N/A 87% $ N/A 99% $802 $ N/A 97% $782 EW EW +E W W

15 La Plaza on Witte 1350 Witte Road Houston, TX Sales Comparables Sales Comparables Property Name Date Sold Price Total Sq. Ft. Units Price/SF Price/Unit Built 1 Andalucia 123 Winkler Dr. 11/01/17 $9,000, , $74.48 $66, Winding Trails Wilcrest 07/01/17 $30,000, , $85.29 $68, Evergreen 3499 Evergreen 11/01/17 $7,250,000 81, $89.01 $68, Hunter's Chase Hammerly Pending $23,430, , $90.94 $71, Hammerly Oaks 8791 Hammerly Pending $36,920, , $96.94 $71, Totals/Averages Comps $21,320, , $87.33 $69, La Plaza 1350 Witte Rd. Market 116,

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17 La Plaza on Witte 1350 Witte Road Houston, TX AREA DEVELOPMENT Spring Branch/Memorial West Oaks Mall, is conveniently located at the intersection of Westheimer and Highway 6. Just off I-10 and only minutes away from Katy, Sugar Land, Cinco Ranch, Energy Corridor, Spring Branch and Memorial. The unique shopping center in Houston is considered to be one of the last "regional malls" in the city. The mall sold in 2009 for a reported $115,000,000 and was recently bought back for $15,000,000. There are plans in the works for a major rehab, which is certain to attract new business and customers to the area. West Oaks Mall Memorial City Mall is located at the intersection of Interstate 10/ and Gessner Road, adjacent to the large Memorial Hermann medical complex. Constructed in the early 1960s, the mall has since grown to be one of the city's more popular malls, mostly due to a large renovation project that took place in the early 2000s. By the early 2000s, the area surrounding Memorial City Mall had returned to prosperity thanks to a $500 million renovation project that took place from 2001 to 2005 During the period, over 100 new retail shops were added to the complex, including five new anchor stores. Texas Children's Hospital - West Campus is greater Houston's first suburban hospital designed exclusively for children, offering the expert coupled with a location that's convenient and accessible for area families. Completed in 2011, everything about Texas Children s Hospital West Campus is dedicated to the health and wellness of children There is a serene, park-like setting, bright and inviting spaces, playrooms on every floor and medical equipment created for children s needs, the entire facility has been designed with children and families in mind. Expert pediatric outpatient services, inpatient care, surgical services is offered in addition to a fully dedicated pediatric emergency center. Texas Children's Hospital - West Campus Shell Technology Center Houston, located off of Highway 6, near Westpark, is Shell's largest center in the world, with 2,000 scientists and engineers on staff. The $300 million newly renovated and expanded center is more modern and now boasts one million square feet of laboratory and office space. The recent expansion will create great demand for housing and the need for retail and recreational opportunities. Shanksa Development - West Memorial Place Shanksa USA Commercial Development, is planning construction of a 325,000 square foot, 12-story office building and a 9-level parking garage. The project, which will be called West Memorial Place, will be located on 12 acres south of Memorial Drive, west of Eldridge. Petroleum JGeo-Services will lease 122,000 square in the development. The project expected completion is the first quarter 2015.

18 HOUSTON, TEXAS A T A G L A N C E The City of Houston, the largest city in Texas and the fourth largest city in the United States, is located on the coastal prairies of southeast Texas and is home to a diverse array of industries and cultures. Houston is located in Harris County, the nation s third most populous county. The Houston region, officially designated as the Houston - Woodlands - Sugar Land Metropolitan Statistical Area (MSA), comprises Harris County and eight other counties: Austin, Brazoria, Chambers, Fort Bend, Galveston, Liberty, Montgomery, and Waller. The Houston MSA has a population of approximately 6,656,947 according to new U.S. Census Bureau estimates. The nine county metropolitan area is the fifth-largest metropolitan area in the nation and covers 9,444 square miles. The most urbanized portions of the Houston area are in Harris County, the southern part of Montgomery County, and the eastern section of Fort Bend County. Houston is home to the tenth largest port in the world and is in close proximity to Mexico, a key trading partner. It has a temperate climate and an affordable cost of living. With a population exceeding 2.3 million, the population base includes a wide variety of racial and ethnic groups that give Houston a rich diversity and cosmopolitan feel. The U.S. Bureau of Economic analysis estimates metro Houston's Gross Domestic Product (GDP) at around $503.3 billion. If the MSA were an independent nation, its economy would rank 23rd largest in the world, behind Taiwan ($523.6 billion), but ahead of Sweden ($499.4 billion). Source: Greater Houston Partnership Research, December 2016

19 Ever since its founding as a port city, Houston has been a dynamic international marketplace, attracting capital and people from all over the world. Today, Houston is the nation's fourth largest economy, and what Forbes calls "America's next great global city." Houston s annual trade growth is among the highest in the nation with a total annual trade value growth of 84.6 percent, from $ million in 2005 to $ million in 2015; exceeding the nation s growth rate of 45.2 percent during that same period. Houston is already a leading exporter, and our exports have increased 189% since In fact, Houston is the #1 metro exporter in the top energy related industries. But recent low oil prices have slowed our rate of growth. A plan to boost goods exports can further diversify our economy, help existing companies grow, and create more jobs. Houston's export plan will connect small and medium-sized enterprises to growing markets, while positioning the region as a location of choice for global investors. Source: Greater Houston Partnership Research, December 2016

20 Despite Setbacks Houston Still has a Strong Economy From 2010 to 2014, Houston added nearly half a million jobs. This period of phenomenal growth provided the momentum needed to sustain the region through the early stages of the energy downturn that began at the end of '14. As oil prices and rig counts fell through '15 and early '16, Houston's job growth began to slow. In '15, the region added 15,200 jobs, and added 13,400 jobs in the 12-months ending Oct '16. In spite of the energy industry's worst downturn in history, Houston managed to post 12-month net job gains throughout this period. No Single Industry or Sector Dominates Houston Employment A strong U.S. economy, momentum from the previous economic boom, robust population growth, and the $50 billion in petrochemical plant expansions have helped offset losses in upstream energy and manufacturing. Houston's Service-Providing Sector Continued to Add Jobs During the Energy Downturn The goods-producing industries (mining and logging, construction, and manufacturing) peaked at 586,300 jobs in December '14, then fell to 536,400 jobs in October '16. Mining and logging, primarily oil and gas extraction and support activities, lost 25,600 jobs, a 22.9 percent decrease. These losses rippled through the economy, triggering declines in other sectors, particularly durable goods manufacturing, wholesale trade and professional and business services. Source: Texas Workforce Commission Aug '16 Construction, helped by the petrochemical plant expansions on the eastside of Houston, gained 6,100 jobs over the same period. Manufacturing lost 30,400 jobs and fabricated metal products lost 12,100 jobs. Construction and mining machinery lost 14,200 jobs, and computer and electronics lost 2,300 jobs. The service-providing industries added 66,600 jobs between December '14 and October '16. Gains in industries that rely on population growth offset losses in sectors tied to energy. Trade, transportation, and utilities lost 1,400 jobs, financial activities added 3,000 jobs, and professional, scientific and technical services cut 7,700 jobs. Healthcare and social assistance added 24,500 jobs, accommodation and food services added 27,600, and government gained 14,700 jobs. The service industries account for 4 out of 5 workers in the region The goods-producing sector accounts for nearly 1 in 5 of the region's jobs Source: Greater Houston Partnership Research, December 2016

21 E c o n o m i c F o r e c a s t Renowned Real Estate Economist States: ' The Downturn Seems to be Over' According to an article written by Jim Gaines, a research economist at the Real Estate Center at Texas A&M University, dated January 6, 2017, in the Houston Business Journal, "the economic downturn that began in November 2014 seems to be over." Jim Gaines states that there is generally a two-to three-year lag between the time the energy sector goes into a slump and all of its impacts on the economy are felt. Houston's energy slump unofficially began on November 27, 2014, when OPEC announced it would not adjust oil production levels. Gaines said that Houston should see some of the slump's final lag effects in Gaines also noted that 2016 is poised to be the best year on-record for Houston home sales. The Greater Houston Partnership recorded that November 2016's home sales were the best November on-record for single-family home sales. Much of that boom can be attributed to Houston's population growth. Despite the oil slump, few residents are leaving Houston. In 2016, Houston welcomed 132,000 new residents (45,600 households). Gaines also states that Houston's population is expected to rise to 7.4 million by 2020 and should double to 14 million by Additionally, according to an article dated January 11, 2017, by G. Scott Thomas of Buffalo Business First, a sister paper to the Houston Business Journal, Houston is on the brink of a population milestone. Buffalo Business First has developed a computer formula that uses 15 years of demographic data to estimate the population of any community at any given moment, and according to predictions by Business First, Houston will reach 6.9 million on March 13, 2017 and 7.0 million on November 17, Source: 1/6/16, Cara Smith What are other signals the downturn is over? As stated by the Greater Houston Partnership's '2017 Houston Employment Forecast': West Texas Intermediate (WTI) the U.S. benchmark for light, sweet crude, now trades near $50/barrel. WTI traded as low as $26 in mid-february The number of drilling rigs working in the U.S. reached 593 in mid-november Only 404 rigs, the fewest in recent history, were in the field in mid-may After 21 months below 50, the Houston Purchasing Managers Index hit 51.1 in October Readings above 50 signal pending expansion; below 50, contraction. The region created 13,400 jobs in the 12 months ending October Annualized growth had sunk as low as 3,200 jobs in May The forecast also asserts, "the recent downturn could be compared to a tropical storm. The damage done depended on where one stood as the system passed over Houston. Those businesses closest to the energy industry felt the full fury of the storm. Those distant from oil and gas, to extend the metaphor a bit further - on the dry side of the storm - were buffeted but not blown away." The forecast calls for the strongest job growth in manufacturing, wholesale trade, retail trade, finance and insurance, real estate, business, professional and technical services, other services and government. Source: Greater Houston Partnership Research, December 2016

22 MULTI-FAMILY... Moving Forward Cautiously Since December 2014, developers have added more than 37,000 units to local inventory. Another 15,000 units are under construction, the majority scheduled to open in the next 12 months. That equates to 52,000 units delivered in a market that is just beginning to recover. Over the past 12 months, Houston has absorbed about 6,500 units. The over supply of apartments cut overall occupancy to 88.5% in January 2017, down from 91.5% at its June 2015 peak. Occupancy rates below 90% favor tenants. Rents have responded accordingly, dropping between 2% and 6% depending on the apartment class. The market absorbed 14,000 Class A units through the first 10 months of 2016, but this performance came at the expense of Class B, C and D properties, which collectively lost 7,500 tenants over the same period. Traditional Class B and C tenants have been enticed into the Class A market with deposit waivers, free rent (as much as 3 months) and other enticements. Whether these tenants renew their leases remains to be seen, but is however, doubtful. If one uses the industry rule of thumb that for every six jobs created, the market absorbs one unit, then Houston needs to add 156,000 jobs to cut the current surplus in half. Once the economy recovers, growth should return to the long-term trend - 50,000 to 60,000 per year. Source: Greater Houston Partnership Research, December 2016 Ignoring Class B and C Apartment Market is a 'Big Mistake' During the economic downturn some Class B and C tenants were lured into the Class A market with large free rent waivers and other concessions. With the improving conditions, a large portion of these tenants will most likely not renew and will return to the Class B and C market. In an article in the Houston Business Journal, dated September, 28, 2016, by Paul Takahashi, Todd Marix of Holliday, Fenoglio, Fowler (HFF) observed that ignoring the Class B and C apartment market is a 'big mistake'. As stated by the article, when Todd Marix brought Broadstone Grand Parkway to market he expected to receive bids from six or seven interested buyers - par for the oil downturn. The 342-unit garden apartment complex, built in 2009, had solid occupancy in the high 90th percentile but was offering two months free rent amid increasing competition from nearby apartments in Katy. However, Marix's multifamily investment team at HFF received a whopping 18 bids for the property. The deal is still under contract but Marix said it sparked a bidding war between local and out-of-town private equity firms. "We were shocked by the level of participation," Marix said. "We haven't seen this kind of bidding behavior in a long time. It tells me there's some optimism in the market." Despite the oil slump, many opportunistic apartment buyers are returning to Houston in search of good deals, according to Marix. Young apartment investors are also looking to get into the market during the oil slump, Marix said. These buyers are willing to accept lower rents for one or two years and hope that Houston's apartment market will recover around "Buyers like Advenir are relatively new to Houston, but they like the recovery aspect," Marix said. "These buyers have patient capital and want to buy in Houston at an advantageous time. They know things will be bumpy for the next year or two but are hoping they will come out the other end with a great deal." Most of these new Houston buyers are focusing on the city's Class B and C apartment market during the energy downturn, Marix said. Marix estimates there are about 620,000 apartment units in Houston, of which the majority - two-thirds - are Class B and C apartments. Source: 9/28/16, Paul Takahashi

23 La Plaza on Witte 1350 Witte Road Houston, TX Demographics 1 Mile Radius 2 Mile Radius 3 Mile Radius SUMMARY PROFILE Census, 2017 Estimates with 2022 Projections Calculated using Weighted Block Centroid from Block Groups La Plaza on Witte 1350 Witte Road Houston, TX Ethnicity - 1 Mile Radius 2017 Estimated Population 20,176 63, , Projected Population 22,527 69, ,986 POPULATION 2010 Census Population 18,391 59, , Census Population 20,843 60, ,066 Projected Annual Growth 2017 to % 2.0% 2.0% Historical Annual Growth 2000 to % 0.3% 0.4% 23% 2% 2% 2017 Median Age % 11% EDUCATION BUSINESS INCOME RACE AND ETHNICITY HOUSEHOLDS (AGE 25+) 2017 Estimated Households 7,216 23,052 46, Projected Households 8,065 25,410 51, Census Households 6,379 20,659 42, Census Households 6,726 21,016 42,549 Projected Annual Growth 2017 to % 2.0% 2.0% Historical Annual Growth 2000 to % 0.6% 0.6% 2017 Estimated White 59.0% 62.1% 65.1% 2017 Estimated Black or African American 6.2% 6.2% 6.0% 2017 Estimated Asian or Pacific Islander 6.0% 7.6% 8.4% 2017 Estimated American Indian or Native Alaskan 0.9% 0.7% 0.6% 2017 Estimated Other Races 28.0% 23.3% 19.9% 2017 Estimated Hispanic 61.6% 50.3% 45.3% 2017 Estimated Average Household Income $74,248 $108,385 $125, Estimated Median Household Income $54,648 $80,792 $96, Estimated Per Capita Income $26,582 $39,349 $45, Estimated Elementary (Grade Level 0 to 8) 17.9% 13.3% 11.8% 2017 Estimated Some High School (Grade Level 9 to 11) 10.1% 8.0% 7.0% 2017 Estimated High School Graduate 22.9% 19.8% 19.1% 2017 Estimated Some College 19.3% 17.3% 15.6% 2017 Estimated Associates Degree Only 5.2% 4.9% 4.5% 2017 Estimated Bachelors Degree Only 15.6% 21.9% 25.2% 2017 Estimated Graduate Degree 8.9% 14.7% 16.7% 2017 Estimated Total Businesses 1,797 5,309 7, Estimated Total Employees 21,489 54,329 77, Estimated Employee Population per Business Estimated Residential Population per Business White Black Asian Other Hispanic 38% 62% Non-Hispanic Hispanic Average Income Subject - 1 Mile Radius $73,000 $72,073 $72,000 $71,000 $70,000 $69,000 $68,000 $67,694 $67,000 $66,000 $65,000 Subject Houston

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26 La Plaza on Witte 1350 Witte Road Houston, TX Floodplain Map LA PLAZA APARTMENTS PLEASE VERIFY

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28 La Plaza on Witte A P A R T M E N T H O M E S D I S C L A I M E R & N O N-E N D O R S E M E N T N O T I C E Disclaimer: The information contained in this Memorandum reflects material from sources deemed to be reliable, including data such as operating statements, rent rolls, etc. However, we (KET Enterprises Incorporated or any of the owners or officers, directors, employees, agents or representatives of any such entities) have not verified its accuracy and make no guarantee or representation about it. It is submitted subject to the possibility of errors, omissions, change of rental or other conditions. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. We make no 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 Property or any other matters set forth herein. You and your tax and legal advisors should verify the information and rely on his accountants or attorneys for legal and tax advice. Rates of return vary daily. No representations are made concerning environmental issues, if any. Non-Endorsement Notice: KET Enterprises Incorporated is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by KET Enterprises Incorporated or any of the owners or officers, directors, employees, agents or representatives of any such entities, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY FOR INFORMATION PLEASE CONTACT: HASHIR SALEEM Broker/Senior Associate hashir@ketent.com ext 106 KET Enterprises Incorporated 4295 San Felipe St. I Suite 355 I Houston, Tx Broker License #