BANK OF AMERICA PLAZA

BANK OF AMERICA PLAZA LITTLE ROCK, ARKANSAS High-Rise Office Tower Exceptional Repositioning or Redevelopment Opportunity Little Rock Central Business District EXECUTIVE SUMMARY

THE OFFERING CBRE, as exclusive advisor, is pleased to present to qualified investors the opportunity to acquire a 100% fee-simple interest in Bank of America Plaza ( the Property and Tower ), located at the heart of Little Rock s Central Business District and the city s Financial Quarter. The landmark office tower the third-tallest building in the state of Arkansas is located along West Capitol Street and offers outstanding views of downtown Little Rock and the Arkansas River. Built in 1969 and most recently renovated in 2004, Bank of America Plaza is comprised of a 24-story office tower and low-rise plaza totaling 268,598 square feet and a seven-story parking garage that is 1.34/1,000 parked. Currently 44% leased, Bank of America Plaza includes ±22,000 square feet of desirable ground-floor retail/restaurant space. The fourth floor has a large outdoor terrace directly connected to a full-floor of auditorium, meeting and conference space in original condition. Redesigning and renovating this space would provide the Tower a competitive advantage in attracting tenants seeking the convenience of a fully amenitized building. The Property also presents the opportunity to reposition the asset into residential, multifamily or hotel uses. BANK OF AMERICA PLAZA Bank of America Plaza offers current and future tenants convenience to popular walkable amenities including 20+ restaurants, hotels, the Convention Center, Presidential Library, Arkansas River with hike and bike trails, and the lively Main Street Creative Corridor, River Market, Quapaw Quarter and South Main entertainment districts. Bank of America Plaza presents a truly unrivaled opportunity by offering a free and clear landmark property at significant discount to replacement and at a fraction of cost compared to competitive CBD locations, generating significant returns. The Property s superior visibility and ingress/egress also ideally position it for potential transformation into multifamily, residential or hospitality uses. 1

2 ASSET PROFILE Location: 200 West Capitol Avenue Little Rock, AR 72201 INVESTMENT HIGHLIGHTS Significant Value Creation Opportunities Executive Summary Building Size: Net Rentable Area: 268,598 SF Gross Building Area: 315,372 SF Leased: 44% (as of 12/1/2018) Landmark Asset Profile Excellent Repositioning Opportunity Building Details: Number of Tenant Floors - 24 Number of Stories - 27 Height - 375 Feet (3rd Tallest in Arkansas) Prime Redevelopment Potential Hotel, Multifamily, Residential Years Built/Renovated: 1969 / 2004 Typical Floor Size: ±10,000 RSF Initial, In-Place Income Backed by Credit-Worthy Tenants Site: 1.39 Acres Vibrant Little Rock CBD Location On-Site Parking/Ratio: Parking Garage - 7 Stories (14 Levels) 359 Total Garage Spaces 1.34/1,000 RSF Opportunity to Capitalize on a True Live-Work-Play Destination

SIGNIFICANT VALUE CREATION OPPORTUNITIES Bank of America Plaza presents investors with the opportunity to: + Fully amenitize the Property with in-demand offerings to create a true live-work-eat-play destination - Fitness center - Ground floor retail/restaurants - Tenant break areas - Outdoor terrace/lounge space + Introduce an interior rehabilitation program to revitalize corridors and common areas to: - Push rents and enhance income growth - Emerge as the preferred office destination in the Little Rock CBD + Renovate outdated suites with modern layouts and finishes, attracting tenants and enhancing leasing activity + Capitalize on demand for structured parking in the Central Business District - Scarcity of CBD parking further creates ability to grow NOI - Contract parking provides excellent income stream with ability to charge for transient parking + Maximize value with immediate upside potential - Lease-up of current vacancy (± 149,915 RSF) - Landmark CBD asset with below-market rents - Through rollover and restructure of existing short-term leases to higher market rates BANK OF AMERICA PLAZA + Located just 12 blocks east of the Arkansas State Capitol building, supporting long-term desirability and ability to capitalize on demand from government related groups + Capitalize on the revitalization of Main Street Creative Corridor just one block away, an artsbased, mixed-use development + Offered free & clear of existing financing - Allows investors to take advantage of strong lending markets - Generates significant leveraged returns 3

4 Executive Summary

EXCELLENT REPOSITIONING OPPORTUNITY Transform Bank of America Plaza into the premier destination for businesses in Downtown Little Rock: + Redesign the ground floor to industrial-chic retail/restaurant space to draw tenants and prospects towards building + Renovate the fourth floor with a fitness center, conference facilities, outdoor terrace, auditorium, and meeting space providing a strong competitive edge in attracting tenants Superior facilities serve as a profit center for ownership and strong leasing driver High-profile branding through prominent building signage to generate additional sources of income or tenant enticement Rebrand and officially reintroduce the asset to the Little Rock marketplace BANK OF AMERICA PLAZA Bank of America Plaza with its landmark status and irreplaceable location is ideally positioned to become Downtown Little Rock s premier office tower or a dynamic mixed-use destination. 5

6 PRIME REDEVELOPMENT POTENTIAL Zoned Urban Use (UU) to allow for residential, multifamily or hotel redevelopment with ground-floor retail: Existing infrastructure promotes and supports multiple potential uses + Direct access to structured parking + Fourth-floor amenity center + Unrivaled views of the CBD and Arkansas River + Landmark asset recognition + Highly visible from I-30 & I-630 + On-site retail banking facility Executive Summary Robust demand in Downtown Little Rock + Condominiums in downtown currently selling at prices ranging from $125,000 to over $1,750,000 per unit + Peer hospitality buildings in the Little Rock CBD currently commanding between $90 and $200 per night + Multifamily long-term occupancy averages 90.1% (since 1996) with newly completed units quoting monthly rents of $1.27 per square foot INITIAL IN-PLACE INCOME BACKED BY CREDIT-WORTHY TENANTS Bank of America Plaza has retained several long-term, high-quality tenants, generating an inplace income from which new ownership can begin a successful repositioning strategy. Largest Tenants Sq. Ft. Leased % of Property Exp Date At the Property Since Wright, Lindsey, and Jennings 52,988 19.7% Jul-20 1969 Bank of America 24,459 9.1% Aug-23 1998 Webster University 7,500 2.8% Feb-21 2002 GSA - Department of Justice 6,779 2.5% Feb-21 2004 Securitas Security Services USA 3,241 1.2% Jul-20 2010 Allison + Partners 1,871 0.7% Sep-21 2003 Totals 96,838 36%

VIBRANT LITTLE ROCK CBD LOCATION Barton Coliseum Within a One-Mile Radius of Bank of America Plaza 47,300+ Daytime Population 5,800+ Residents ±3,000 Residential Units 16 Hotels Nationally Branded & Local Boutiques 90% Leased 300 Third Tower Condominiums Historic Arkansas Museum Creative Corridor/Main Street Revitalization Highly Walkable Location Excellent Access to Public Transit Museum of Discovery Little Rock Main Library BANK OF AMERICA PLAZA 7 2 Blocks from Metro Streetcar Connectivity between the CBD & North Little Rock 12 Blocks from Arkansas State Capitol Building Little Rock Farmer s Market Julius Breckling Riverfront Park

8 BANK OF AMERICA PLAZA Simmons Tower 400 West Capitol Arkansas Children s Hospital State Capitol Building Executive Summary Stephens Arkansas Federal Building Woodland Terrace Capital Hotel Little Rock Marriott Pulaski County Courthouse DoubleTree Hotel Block 2 Lofts Old Arkansas State Capitol Little Rock Statehouse Convention Center Arkansas River Arkansas Inland Maritime Museum

River Market District DYNAMIC LIVE, WORK, PLAY ENVIRONMENT With an emerging live-work-play environment, Downtown Little Rock captures the vibe and heartbeat of a vibrant urban core that is in high demand among businesses, residents and visitors. It is also the only central business district in the U.S. that is home to both a state capitol and a presidential library. Arkansas River Capitol of Arkansas Main Street Creative Corridor BANK OF AMERICA PLAZA 9

Quapaw Quarter MetroRock Rail 10 Executive Summary Clinton Presidential Library EXCEPTIONAL REGIONAL ACCESSIBILITY Clinton National Airport 4 Miles to the East South Main (SoMa) Direct Access to Primary Thoroughfares I-630 & I-30 1/2 Mile to the South and East, Respectively Superior Ingress/Egress with Accessibility in All Four Directions Easy Access to Metro Rock Rail 1/3 Mile to the North Rock Region Metro Buses Multiple Bus Stops within Just a Few Steps

EXCLUSIVE MARKETING ADVISORS JOHN ALVARADO Senior Vice President 214.979.5670 john.alvarado@cbre.com WILLIAM CALLAHAN Principal Broker/Senior Vice President 501.492.3447 william.callahan@cbre.com PB# 00079470 EVAN STONE Senior Vice President 214.725.6666 evan.stone@cbre.com JENNIFER JOSEPH Financial Analyst 512.499.4974 jennifer.joseph@cbre.com DEBT & STRUCTURED FINANCE CASEY KNUST Executive Vice President 512.499.4950 casey.knust@cbre.com GREG GREENE Senior Vice President 214.979.5617 greg.greene@cbre.com For additional information regarding this opportunity, please visit the property website at www.cbre-bankofamericalittlerock.com. 2018 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners.