EXECUTIVE SUMMARY SOUTH BROOK TOWN CENTER

EXECUTIVE SUMMARY SOUTH BROOK TOWN CENTER

EXECUTIVE SUMMARY Holliday GP Corp. ( HFF ) has been exclusively retained by ownership to offer qualified investors the opportunity to purchase South Brook Town Center the ( Property ), a 54,651 square-foot neighborhood retail center located along one of the most established and recognized north/south thoroughfares in Austin, I-35, at the intersection of William Cannon Drive and I-35. In addition to the Property s unmatched South Austin location, South Brook Town Center presents a complimentary mix of internetproof restaurants, gyms, service oriented and government tenants ranging from national operators to regional and local tenants. The Property is 100% leased with 5.2 years of weighted average lease term remaining, providing potential buyers with stable cash flow and contractual rent increases. PROPERTY SUMMARY Property: Size: Acreage: 6425 S IH-35, Austin, TX 78744 54,651 SF Occupancy: 100% # of Tenants: 9 Year Built: 1994 Parking: Pricing: +/- 4.8 Acres 4.7/1,000 (203 spaces) Unpriced DEMOGRAPHICS 1 MILE 3 MILE 5 MILE Population 2018 Estimate 23,098 130,395 288,257 % Change 2010 to 2018 17.34% 16.41% 19.40% Affluence & Education Bachelor s Degree or Higher 27.14% 29.42% 39.95% 2018 Average Household Income $61,717 $70,821 $83,057 Housing & Households Households 2018 Estimate 9,243 50,382 121,779 Household Growth 2010 to 2018 21.14% 18.78% 21.06% 2

SOUTH BROOK TOWN CENTER DOWNTOWN AUSTIN Campus Austin Bergstrom International Airport Metropolitan 14 Skybridge Lofts Jumpoline Wayside Learning Academy Williamson Creek Greenbelt 219,125 VDP South Brook Town Center EAST BUFFET William Cannon Drive 65,899 VDP 3

INVESTMENT HIGHLIGHTS STABLE CASH FLOW WITH MARK-TO-MARKET OPPORTUNITY 100% leased with 5.2-year weighted average remaining lease term provides stable near-term cash flow and value enhancement through the execution of renewal leases at increased market rates, resulting in 41% rent growth over a 10-year hold period. 47% roll by 2022: mark-to-market opportunity for $121,323 in additional annual rental revenue from in-place rates 13.5% below market. QUALITY TENANCY WITH TENURE AND TERM 5 of the 9 tenants of South Brook Town Center have tenure ranging from 6 to 24 years, representing 45% of the gross leasable area. The Property boasts a weighted average remaining lease term of 5.2 years. EXCELLENT PROPERTY FUNDAMENTALS Multiple Anchor Drawing Power: H-E-B (adjacent), Wayside Schools, and Burlington have significant drawing power that attracts a broad range of consumers, benefiting shop tenants and ownership alike. H-E-B: supermarket chain based in San Antonio, Texas, and the preferred grocer in Austin. Wayside Schools: College-preparatory school with an International Baccalaureate program, featuring five locations with over 2,100 students. Burlington: National off-price department store retailer with 631 stores in 45 states. Superior Access: The Property offers excellent access provided by five (5) points of ingress/egress along William Cannon Drive (3) and Interstate Highway 35 frontage road (2). Strong Traffic Counts: Over 219,000 vehicles pass by the Property daily along Interstate Highway 35 South and over 65,000 vehicles on William Cannon. (Source - AADT) SUPERIOR I-35 ADDRESS Strategic Location: Excellent visibility, tenant signage and access to IH-35, approximately 15 minutes from downtown Austin and 15 minutes to Austin Bergstrom International Airport. I-35 Corridor: The major north-south interstate highway runs from Laredo, Texas to Duluth, Minnesota, passing through the frequently traveled cities of San Antonio, Waco and Dallas-Fort Worth. Thriving Retail Corridor: 9.7 million square feet of retail along the Austin I-35 retail corridor, with occupancy rates averaging 95.2% over the last 10 years. Housing Values: Median home values in 5-mile radius exceed $240,000. 4

SOUTH BROOK TOWN CENTER TERM SCHEDULE Tenant SF Start Expiration Tenure Term Remaining Carousel Pediatrics 7,200 Jan-10 Jan-20 8.8 1.3 La Hacienda Market 5,000 Nov-09 Nov-19 9.0 1.1 Subway 1,246 Mar-94 Mar-19 24.6 0.4 Sally Beauty 1,400 Jul-94 Jul-19 24.3 0.8 Autopartners Insurance 1,246 May-17 May-22 1.4 3.6 Planet Fitness 16,650 Aug-16 Jan-27 2.2 8.3 Buffet King 10,000 Apr-17 Apr-27 1.5 8.5 Texas State Optical 2,219 Feb-18 Feb-23 0.7 4.3 Department of Public Safety 9,690 Apr-12 Mar-22 6.6 3.4 WEIGHTED AVERAGES: 5.4 5.2 RENT GROWTH $1,450,000 $1,250,000 41% Year 1 to Year 10 $1,050,000 $850,000 $650,000 $450,000 $250,000 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 5

NATION LEADING ECONOMY - #1 in Best Place to Live in the USA 2017 & 2018 U.S. News and World Report - Austin is the #2 City for Real Estate Investment ULI Emerging Trends in Real Estate 2018 #1 BEST PLACE TO LIVE 2 YEARS IN A ROW! 2017 & 2018 U.S. News and World Report - #1 Highest Tech Salaries Hired - No. 2 Best City for Jobs 2018 Forbes - 151 people moving to the city per day Austin Chamber - Second Fastest Growing Job Market in 2017 (36,900 Net New Jobs) - Austin has one of the lowest unemployment rates (3.0%) in the country - Silicon Hills one of the nation s preeminent locations for technology - 110,000+ employees and 5,500+ technology companies (10.8% of total employment) - Recent major expansion & relocation announcements from companies such as Indeed, Oracle, Apple, Google, Facebook, Expedia/HomeAway, Merck & Co., Amazon, Samsung and many more major national companies 57 % INCREASE NATION LEADING EMPLOYMENT GROWTH (2004-2017) Source: Austin Chamber AUSTIN CORPORATE EXPANSIONS SINCE 2004 524 AUSTIN TEXAS USA 36% 19% 8% POPULATION GROWTH 2006-2016 Source: Austin Chamber NOTABLE AUSTIN TECH COMPANIES 13,000 5,000 6,000 3,500 6,000 2,000 6

SOUTH BROOK TOWN CENTER SITE PLAN 7

CATHY NABOURS WALTER SAAD JIM BATJER DREW FULLER Managing Director Managing Director Senior Managing Director Director cnabours@hfflp.com wsaad@hfflp.com jbatjer@hfflp.com dfuller@hfflp.com 512-532-1962 512-532-1961 469-232-1970 512-532-1931 DOM ESPINOSA Analyst despinosa@hfflp.com 512-532-1934 JOSH VILLARREAL Analyst jvillarreal@hfflp.com 512-532-1976 DEBT CONTACT CHRIS MCCOLPIN Senior Director cmccolpin@hfflp.com 512-532-1941 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.