BROOKHOLLOW HOUSTON, TEXAS EXECUTIVE SUMMARY

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1 BROOKHOLLOW C E N T R A L HOUSTON, TEXAS EXECUTIVE SUMMARY Hollida Fenoglio Fowler, L.P. acting b and through Hollida GP Corp a Texas licensed real estate broker ("HFF").

2 2 The Opportunit HFF, as the exclusive representative of the owner, is pleased to offer for sale Brookhollow Central I, II, and III (the Propert ), a three-building, 806,541 square foot office portfolio located in Houston s North Loop submarket, just north of the Galleria. Situated on approximatel 10 acres, the Propert is currentl 71% leased, but will be moving to 38% in Jul 2018 as Comerica vacates the Propert. With exceptional access and visibilit to two of Houston s busiest freewas (US Highwa 290 and Interstate 610), Brookhollow Central provides investors near-term opportunit to lease up vacanc and reposition the Class A project.

3 Investment Highlights B R O O K H O L L O W C E N T R A L EXECUTIVE SUMMARY PREMIER ASSETS Brookhollow Central I, II & III are highl visible, iconic assets located in an increasingl desirable location that is benefiting from major infrastructure improvements. The assets have been institutionall owned and maintained with significant non-leasing capital invested in building sstems and extensive renovations to maintain the project s position at the top of the submarket. The curtain wall and roof of Brookhollow I were replaced in 2008 and approximatel $14 million was invested in 2014 to full renovate and redesign the lobb, common areas and restrooms, and upgrade all building sstems including a new chiller, full-modernized elevators, life safet sstem and HVAC equipment. Brookhollow II & III were also upgraded in recent ears, but further opportunit remains for aesthetic improvements. Brookhollow Central boasts excellent on-site amenities including an auditorium-stle conference facilit, sundr shop, fitness center, bank and deli. EXCEPTIONAL VISIBILITY Brookhollow Central is prominentl located at the intersection of Interstate 610 and US Highwa 290, just a few miles north of Houston s Galleria submarket. Each da, over 250,000 cars traverse Interstate 610 and/or US Highwa 290 adjacent to Brookhollow Central. New ownership will have the abilit to offer top-of-building signage, a major driver for large tenants looking for excellent signage exposure. PROPERTY SUMMARY AS OF JULY 2018 Building BHC I BHC II BHC III Total Address 2800 N. Loop West 2900 N. Loop West 2950 N. Loop West Building Size 201,349 SF 304,576 SF 300,616 SF 806,541 SF Floors LL 12 + LL Year Built /Ren / % Leased 68.7% 19.7% 36.1% 38.0% WALT 7.7 Years 5.3 Years 4.6 Years 6.2 Years Avg. NNN Rent $15.82 $16.10 $15.72 $15.82 Parking Ratio CAPITAL PROJECTS SUMMARY SINCE 2012 BHC I $13,869,232 BHC II $1,067,817 BHC III $2,053,133 Total Project Costs $16,990, IRREPLACEABLE LOCATION The Propert is located just north of some of the most affluent neighborhoods Houston has to offer including River Oaks, Tanglewood and the Memorial Villages. In addition, the surrounding neighborhoods to the north, east and southeast including Oak Forest/Garden Oaks, Lazbrook/ Timergrove, and the Heights are experiencing exceptional growth in both household income and housing values. Residents within a three mile radius have an average household income of $113,000. Additionall, Brookhollow Central is just a few miles from, and has direct freewa access to the Galleria Mall, Houston s foremost shopping destination with over 400 stores and restaurants. US HIGHWAY 290 EXPANSION/REDEVELOPMENT Beginning Summer 2011, construction on US Highwa 290 between Interstate 610 and the Harris Count line commenced to improve traffic flow along this increasingl traversed arter. The project, which includes a complete overhaul to the US Highwa 290/Interstate 610/Interstate 10 interchanges and 38 miles of US 290, is a much needed infrastructure improvement for the cit. Tenants and visitors of Brookhollow Central will are the beneficiaries of this multi-stage program that will improve traffic flow and safet in each direction through the interchange area on I-610, I-10, US 290, as well as decrease congestion through the US 290 corridor. Construction closest to Brookhollow Central which include U-turns, direct connectors/flovers allowing the free flow from US 290 to I-610, US 290 to I-10 and I-10 to I-610, in all directions is complete. The remaining work, located to the northwest on US 290, is slated to be completed in 2018.

4 Investment Highlights 02 VALUE-ADD OPPORTUNITY At 38.0% leased (excluding GulfQuest & Comerica and including Cigna) in Jul 2018, Brookhollow Central provides significant opportunit to increase value through lease up of the vacant space. As most expenses are fixed, additional occupanc will provide substantial NOI growth while onl causing marginal expense growth. Additionall, capital improvements to Buildings II & III will allow for increased rents and bring them to the Class-AA qualit of Building I. DISCOUNT TO REPLACEMENT COST Brookhollow Central I, II, & III present the opportunit to acquire 806,541 SF of office space in a premier infill location at a significant discount to replacement cost. It is estimated that current replacement cost for this propert is $300 - $400 per square foot. IMPROVING HOUSTON ECONOMY Houston has experienced robust population, emploment, and overall economic growth. The cit added approximatel 56,100 jobs in the 12 months trailing June 2017 and 125,005 new residents from Jul 2015 to Jul 2016 (2nd in the nation). Additionall, since December 2016, the Houston Business Ccle Index grew an annualized 3.3%, suggesting an exit from the oil setbacks and growth in the future. Additional metrics supporting the growth in Houston include: #1 population growth among U.S metros since 2010 #1 GDP per capita in the world #1 job growth among U.S. metros since 2006 #3 among U.S. cities with 46 Fortune 1000 headquarters 16,409 multi-famil units absorbed in the last 12 months $235,000 median home value as of Ma 2017, brought on b record setting single-famil residential sales.

5 EXECUTIVE SUMMARY 03 TEXAS MEDICAL CENTER GREENWAY PLAZA THE GALLERIA RIVER OAKS GREATER HEIGHTS LAZYBROOK / TIMBERGROVE SHERATON HOUSTON BROOKHOLLOW HISD DIRECTORS ROW

6 04 Highwa 290 / Interstate 610 Construction Project FEBRUARY 2010 Since summer 2011, construction on US Highwa 290 between Interstate 610 and the Harris Count line has been ongoing in some capacit. The project, which includes a complete overhaul to the US Highwa 290/Interstate 610/Interstate 10 interchanges and 38 miles of US 290, is a much needed infrastructure improvement for the cit but ongoing construction has negativel impacted building owners and businesses located near the work. Since the project s inception, the scope of work has changed several times and work has been delaed due to weather and other complications. With man sections of the plan now nearing full completion, the project is scheduled to be officiall complete in Tenants and visitors of Brookhollow Central will be the beneficiaries of this multi-stage program that will improve traffic flow and safet in each direction through the interchange area on I-610, I-10 and US 290, as well as decrease congestion through the US 290 corridor. Once complete, the full program will include the following: Five US 290 main lanes in both directions from I-610 to SH 6/FM 1960 Four US 290 mainlines in both directions from SH 6/FM 1960 to SH 99 Three US 290 main lines in both directions from SH 99 to FM 2920 near the Harris/Waller Count line US 290 will also have one reversible high occupanc vehicle lane between I-610 and SH 99, with inside/outside shoulders Direct connectors/flovers allowing free flow of traffic from US 290 to I-610, US 290 to I-10 and I-10 to I-610, in all directions (95% complete) JANUARY 2017

7 EXECUTIVE SUMMARY THE GALLERIA 05 MEMORIAL VILLAGES TANGLEWOOD SPRING BRANCH HISD SHERATON HOUSTON BROOKHOLLOW DIRECTORS ROW W GOVERNORS CIRCLE W GOVERNORS CIRCLE

8 Site Plan G O V E R N O R S C I R C L E 06 P ARKING GARAGE 1,213 Spaces D I R E C T O R S R O W P ARKING GARAGE 654 Spaces P ARKING GARAGE 1,015 Spaces BHC III BHC II BHC I N. L O O P W. F E E D E R R O A D INTERSTATE 610 NORTH LOOP FREEWAY

9 Location Maps Frw B ROOKHOLLOW CENTRAL Eas He m George Bush Intercontinental Airport ad Antoine Drive Gran d North Post Oak Road w Fr Northwest Mall wa Pkw Sheldon Reservoir Road Frw gh os Lake Houston Toll rth No rth Hi West 11th Street Old Kat Roa d w H ont aum Be North Me mo ria l Loop n East Batow Frw ive Dr Downtown Westchase The Galleria Westheimer Rd West Loop lwa Westpark Tol rw tf es w h ut So Sou Pasadena Frw Loop 69 nd Pk w Be South Frw lf w Fr Fort Gu BRAZORIA GALVESTON Barbour s Cut Terminal D ri v e 6 7 Sage Road Sam Houston Tollwa Woodw a Armand Baou Park South Post Oak Lane William P. Hobb Airport Smithers Lake Proposed Grand Pkw Memorial Park 610 Chimne Rock Road FORT BEND Texas Medical Centerth San Jacinto Ba Clear Lake Memorial Park Galveston Ba Baport Terminal aou Will ow ick Ro George Bush Park Post Oak Boulevard Energ Corridor East Loop Kat Frw l e v a rd op Hard No st te ou ed 69 we Pr West 18th Street ps Westview Drive Sam Houston Pkw B ROOKH OL L OW CE NTR AL hit e Oa k We st T C Ella Boulevard Silber Road HARRIS W 610 u o rb Ba este J Long Point Road Greenspoint ctors Ro w re Di Dacoma Street PROPERTY OVERVIEW MONTGOMERY Lake Houston State Park tex The Woodlands ExxonMobil Corporate Headquarters LIBERTY 69 Grand Pkw Bu ff a lo B 4 5 San Felipe Street ad 07

10 CONTACT INFORMATION H. DAN MILLER, CCIM, SIOR Senior Managing Director T MARTIN T. HOGAN Senior Director T SHERRI ROLLINS Senior Associate T HFF L.P. 9 Greenwa Plaza Suite 700 Houston, TX T F hfflp.com DANE PETERSEN Real Estate Analst T dpetersen@hfflp.com CHARLIE STRAUSS Real Estate Analst T cstrauss@hfflp.com FOR FINANCING INQUIRIES WALLY REID Senior Managing Director T wreid@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