FAYE WEBB ELEMENTARY SCHOOL

FUTURE SF CIMARRON BLVDDEVELOPMENT KAFFIE MIDDLE SCHOOL

VETERANS MEMORIAL HIGH SCHOOL

MANHATTAN ESTATES Home Values $190K - $290K KINGS POINT Home Values ±20 ACRES $1250K - $290K

YORKTOWN BLVD CIMARRON LAKE ESTATES Home Values

$260K - $470K AIRLINE RD AIRLINE

KOLDA ELEMENTARY KINGS CROSSING SCHOOL Home Values $185K - $640K

FUTURE DEL MAR RODD FIELD RD COLLEGE CAMPUS

Bill Witt City Park ±20 acres on Cimarron Blvd Corpus Christi, TX | Price TBD by Market ±20 ACRES AT CIMARRON BLVD

EXCLUSIVE REPRESENTATION OFFER REQUIREMENTS ARA Newmark has been exclusively retained to rep- Offers should be presented in the form of a non-binding CONTENTS resent the Seller in the disposition of ±20 acres on Letter of Intent, and should include: Cimarron Boulevard in Corpus Christi, (Property). All inquiries about the Property should be directed to · Pricing Property Information 4 ARA Newmark. ·Due Diligence and Closing Timeframe ·Earnest Money Deposit DUE DILIGENCE INFORMATION ·Description of Debt/Equity Structure · Qualifications to Close Survey and Site Restrictions 5 To access the due diligence information please visit ·Development Plans the Property website at: ​ Employment Highlights 7 arausa.listinglab.com/CimarronBlvdLandSite Purchase terms shall require cash to be paid at closing. Offers should be delivered to the attention of Dillon Mills via fax or email. Retail & Entertainment Highlights 10

Houston Market Overview 12 CONTACTS

Dillon Mills David Marshall Brokerage Information 14 Associate Principal [email protected] [email protected] O 713-955-3123 O 713-955-3126 M 713-254-3824 M 713-206-1574

Tom Dosch Tim Dosch Principal Principal [email protected] [email protected] O 713-955-3125 O 713-955-3127 M 713-557-4455 M 713-459-8123

ARA, A Newmark Company www.aranewmark.com 1700 Post Oak Blvd 2 BLVD Place, Suite 400 , TX 77056

±20 ACRES AT CIMARRON BLVD PROPERTY INFORMATION

TRACT DETAIL Property Details

LOCATION Cimarron Blvd, Corpus Christi, Texas, 78414 Excellent location in Southside of Corpus Christi LAT., LONG. 27.662730, -97.378366 ·· Property is located in a high-end area of Corpus Christi

TOTAL ACRES 20.0 ·· Close proximity to newly opened Veteran Memorial HS (Fall 2015) ·· Near newly approved Southside Campus site PARCEL NUMBER 2476-0021-0025, 2476-0021-0020 ·· Surrounding single family home values as high as $500,000 FRONTAGE 660’ on Cimarron Blvd ·· Cimarron Lake: $250K - $500K FLOODPLAIN Not in 500-year floodplain ·· Kings Crossing: $185K - $660K SCHOOL DISTRICT Corpus Christi ISD - Veterans Memorial High School ·· Manhattan Estates: $190K - $290K Zoning Agriculture ·· Quick drive to retail corridor at Staples and Saratoga 2015 TAX RATES 2015 Rate VETERANS MEMORIAL HIGH SCHOOL CITY OF CORPUS CHRISTI 0.606264

APPRAISAL DISTRICT 0.000000

NUECES COUNTY 0.304092

HOSPITAL DISTRICT 0.126836

DEL MAR JR COLLEGE 0.246159

FARM TO MKT ROAD 0.003899

660 FT CORPUS CHRISTI ISD 1.23735 CIMARRON BLVD 1280 FT Total 2.52460

±20 ACRES 2016 DEMOGRAPHICS 0-1 mi 0-3 mi 0-5 mi 1280 FT Est. Population 10,810 83,003 152,721 660 FT

Est. Average Household Income $114,770 $84,582 $73,348 Est. Median All Owner-Occupied Housing $244,055 $212,234 $183,161 Values

±20 ACRES ON CIMARRON BLVD | 3 PROPERTY AERIAL: SOUTH CORPUS

OSO BAY MUNICIPAL TEXAS A&M GOLF COURSE UNIVERSITY TEAS AM UNIVERSITY CORPUS CHRISTI MOORE PLAA CORPUS CHRISTI SUNRISE MALL MOMENTUM CAMPUS

NAS CORPUS SPUR CHRISTI 3 Fairfield Inn & Suites Residence Inn 358

CORPUS CHRISTI COUNTRY CLUB CORPUS CHRISTI MEDICAL CENTER SARATOGA TOWN CENTER

HOLLY RD

CHRISTUS SPOHN HOSPITAL SOUTH

POST ACUTE MEDICAL SPECIALTY HOSPITAL WOOLDRIDGE RD

S STAPLES ST ENNIS-JOSLIN EXTENSION

SARATOGA RD ADKINS MIDDLE KAFFIE MIDDLE SCHOOL SCHOOL OSO BAY WETLANDS YORKTOWN BLVD BARNES ELEMENTARY AIRLINE RD AIRLINE PRESERVE SCHOOL

VETERANS MEMORIAL RODD FIELD RD FLOWER BLUFF HIGH SCHOOL 20 ACRES

KOLDA ELEMENTARY SCHOOL

TEXAS A&M CORPUS VETERANS MEMORIAL HS CHRISTUS SPOHN HOSPITAL CORPUS MEDICAL CENTER CORPUS COUNTRY CLUB LA PALMERA OSO BAY PRESERVE

±20 ACRES ON CIMARRON BLVD | 4 CORPUS CHRISTI MARKET OVERVIEW

Corpus Christi, a seaport at the mouth of the on the west end of , is the county seat of Nueces County and the largest city on the coast. It lies at the junction of Interstate 37 and US Highway 77 and 181. Corpus Christi is home to the largest city on the Texas Coast and is the fifth largest port in the nation with an estimated MSA population of 576,188 according to the 2010 census (Claritas). Key industries include petrochemical, tourism, health care, retail, education, shipping, agriculture, and the military. REGIONAL TRANSPORTATION EDUCATION

Highway Corpus Christi’s many public school districts are each independently administered and accredited by the Texas Education Agency in Austin. Every school district Several key state and federal highways connect Corpus Christi to US and Mexico markets. has an elected board and an appointed superintendent. Funding is by state Interstate 37 and US Highway 181 are located one mile from the port of Corpus Christi, and federal funds and by local property taxes levied by each school district. with direct access provided via wide, uncongested streets. Interstate 37 originates in The Corpus Christi area contains 6 public school districts, 52 public elementary downtown Corpus Christi and provides a direct link to in . US schools, 19 public middle schools, 14 public high schools, 5 charter schools, Highway 77 links Corpus Christi to both the Rio Grande Valley (Harligen, Brownsville, and 23 private schools. Total enrollment for all districts is over 54,000 with and Matamoros, Mexico) to the south and Victoria to the north. In Victoria, US Highway the majority of students attending Corpus Christi Independent School District. 59 provides a direct link to Houston. State Highway 44 and US Highway 59 link Corpus Christi to Laredo. US Highway 281 is close to Corpus Christi and provides a link to the Rio Grande Valley (McAllen and Reynosa, Mexico). Texas A&M University-Corpus Christi student enrollment ARENA International Airport could double by 2025 The Corpus Christi International Airport is located on 2,415 acres of land and lies approximately eight miles from downtown Corpus Christi. The Corpus Christi Area Universities and Colleges International Airport contains 7,508 and 6,080-foot lighted hard surface runways, private storage, aircraft maintenance, and fueling services. The Airport passenger Texas A&M University-Corpus Christi is committed to becoming one of the leading traffic has been steadily increasing since it opened in November of 2002. centers of higher education in the region while serving the intellectual, cultural, social, environmental, and economic needs of South Texas. As a result, Texas AMERICAN BANK CENTER ARENA WHATABURGER FIELD A&M University-Corpus Christi will invigorate and strengthen the region and state through its educational programs, research initiatives, and outreach efforts. Texas A&M University-Corpus Christi enrolled over 12,202 students for Fall 2016 with an average student to faculty ratio of 23:1. The strategic vision Momentum 20/20 was recently released which includes a goal to attract 15,000 students within the next five years, implying that student enrollment could double by 2025. Del Mar College is a comprehensive community college in Corpus Christi, Texas, offering more academic, occupational, technical, and continuing education programs than any college or university in the area. The College offers over 23,000 credit and noncredit classes and employs over 288 faculty. As the region’s leader in higher education, Del Mar College has helped more than a half million individuals transform their dreams into realities over the past 65 years. ±20 ACRES ON CIMARRON BLVD | 5 CORPUS CHRISTI MARKET OVERVIEW

LOCAL ATTRACTIONS Texas with a tropical twist aptly describes Corpus Christi, a coastal, YEAR-ROUND DESTINATION year-round visitor destination and meeting site. Located on the Gulf ·· 113 miles of accessible Gulf coast of Mexico, Corpus Christi attracts over eight million visitors every beaches and bayfront year. Nestled behind the barrier islands of Mustang and Padre, ·· Fishing, hiking, biking, sailing, boating, Corpus Christi is the gateway to National Seashore, a kiteboarding, windsurfing, jet skiing, short 15-minute drive from downtown. The Isles of Texas is a popular kayaking summer weekend getaway and vacation destination and a sunny ·· Gateway to the Padre Island National haven for Midwesterners and Canadians during the cooler winter Seashore months. USS LEXINGTON ·· Popular summer weekend getaway and The Corpus Christi region boasts more than 113 miles of accessible vacation destination Gulf coast beaches and bay front. A popular year-round attraction, ·· Corpus Christi Greyhound Race Track the area’s beaches, bays, inland waterways and parks have some of ·· , Corpus Christi’s the world’s best conditions for fishing, birding, hiking and biking, number one visitor attraction sailing and boating, and various water sports such as kiteboarding, ·· USS Lexington, a WWII-era warship windsurfing, jet skiing, and kayaking. Another fine activity is the converted to a museum Corpus Christi Greyhound Race Track. Recent years have seen Corpus Christi take huge leaps in building attractions. The Texas State Aquarium and USS Lexington are among the top visitor destinations in the state. Located right next to the Texas State Aquarium in Corpus Christi, the USS Lexington is a retired WWII-era warship. The USS Lexington is a valuable national treasure, having played a significant role in the nation’s defense for nearly 50 years. She continues to serve today as a museum and educational facility and is one of Corpus Christi’s main visitor attractions. Since opening in 1990, the Texas State Aquarium has welcomed over six million visitors. It is Corpus Christi’s number one visitor attraction and promotes and practices environmental conservation and wildlife rehabilitation. RETAIL Corpus Christi has a flourishing retail and restaurant market. With a growing abundance of national and regional retailers, along with a wide variety of local businesses, Corpus Christi is a regional retail draw. Lamar Park Center is a well-established specialty center located in the center of Corpus Christi’s primary upscale and upper middle residential areas. The center is known in South Texas as the region’s best address for quality clothing, jewelry, furnishings, gifts, and dining. The Corpus Christi Trade center, located on S. Padre Island Drive, offers nearly 200 merchants with a wide range of wares. La Palmera is anchored by Bealls, Dillard’s, IC Penney’s, and Foley’s. This popular shopping mall also features around 100 other specialty stores, as well as a food court, a movie theater, and an authentic replica of Phillip Schneider’s first double-decker Carousel.

±20 ACRES ON CIMARRON BLVD | 6 AREA HIGHLIGHTS

ENTERTAINMENT ·· Corpus Christi attracts more than eight million visitors annually with over $1.2 billion in total visitor spending ·· The Corpus Christi tourism industry generates $675 million in revenue and over 17,000 jobs ·· Schlitterbahn South Padre recently opened as part of a $260 million master-planned community and is expected to generate $259 million in revenue for the city ·· Upcoming commercial development is expected to include three hotels and a restaurant row EDUCATION ·· The education sector provides over 10,000 jobs from five area independent school districts and higher education facilities ·· Texas A&M Corpus Christi supports a student enrollment of over 11,000 students ·· Texas A&M Corpus Christi’s Momentum 20/20 initiative aims to attract 15,000 additional students within the next five years DEL MAR COLLEGE ·· Del Mar College serves over 22,000 students in the Corpus Christi area with over 1,500 full-time employees ·· Corpus Christi ISD supports over 5,800 full-time employees across 58 campuses RETAIL ·· La Palmera: an 80-acre shopping and leisure destination offering over 1 million SF of retail space and more than 130 stores ·· The Outlets at Corpus Christi: currently underway at the intersection of and State Highway 44; will offer over 25 acres of retail, shops, restaurants, hotels, and entertainment ·· Moore Plaza: 535,000 SF retail center anchored by HEB, Target, Steinmart, Marshalls, Hobby Lobby, and Office Depot situated along South Padre Island Drive (over 112,000 vehicles daily) ·· Lamar Park Center: offers retail stores including Talbots, Jos. A. Bank, Ann Taylor Loft, and Chico’s with an additional 11,000 SF expansion planned

LA PALMERA SHOPPING CENTER

±20 ACRES ON CIMARRON BLVD | 7 PORT OF CORPUS CHRISTI

±20 ACRES ON CIMARRON BLVD | 8 PORT CORPUS CHRISTI OVERVIEW

Port Corpus Christi is the fifth largest port in the United States in total tonnage. The Port provides a straight, 45’ deep channel (approved and authorized for 52 ft.) and quick access to the Gulf of Mexico and the entire United States inland waterway system. The Port delivers outstanding access to overland transportation, with on-site and direct connections to three Class I railroads, BNSF, KCS, and UP, and direct, vessel-to-rail discharge capabilities. The Nueces River Rail Yard, when complete in Q1 2017, will provide eight tracks for storage of unit trains up to 8,500 feet long. LA QUINTA TRADE GATEWAY SOUTHSIDE TERMINAL The La Quinta Trade Gateway Terminal is an 1,100 acre greenfield project by Port Corpus Heavy Lift, RO/RO, Breakbulk,Containerized and General/Project Cargo Christi. When fully developed, this facility will provide a state-of-the-art multipurpose ·· Dock 8, the strongest open wharf on the Gulf of Mexico, capable of 1,500 lbs/sq dock and container facility. The project consists of the Federal extension of the 45’ ft. with 23 acres of directly adjacent open storage. deep La Quinta Ship Channel, a 3800’, three berth ship dock with nine ship-to-shore cranes, 180 acres of container/cargo storage, an intermodal rail yard, and over 400 ·· Docks 14 and 15, multi-purpose facilities with 173,000 square feet of covered acres for on-site distribution & warehouse centers. dockside storage. Rail and Highway Access NORTHSIDE TERMINAL The Southside docks have uncongested, direct access to Interstate Highway 37 and Project Cargo, RO/RO, Breakbulk, and General Cargo U.S. Highway 181. Rail service is provided by BNSF, KCS, and UP. ·· Dockside rail or truck transfer capability ·· 122,000 square feet of shipside covered storage Transfer Capabilities The General Cargo Terminal can transfer containers, RO/RO, heavy lift, breakbulk and ·· RO/RO ramp handles bow or stern ramp vessels project cargo between vessels, railcars, chassis and trucks. On-dock tracks allow Rail and Highway Access direct transfer between vessels and railcars. Docks 8, 14 and 15 are served by double The Northside docks have uncongested, direct access to Interstate Highway 37 and rail tracks. U.S. Highway 181. Rail service is provided by BNSF, KCS, and UP. Storage Development More than 30 acres of open storage area are available for marshalling and storage. Greenfield sites larger than 100 acres are available for development. Additional warehouse space is located on Docks 14 and 15, adjacent to the wharf at Dock 8.

Transfer Capabilities Cargo can be loaded, unloaded and transferred directly between trucks, rail and ves- sels at Dock 9. Shipside tracks on Dock 9 allow direct transfers between vessels and LIQUID BULK SERVICE railcars and a 48-foot wide canopy over double rail tracks allows loading of weather- Port Corpus Christi owns and operates 14 public oil docks in the inner harbor with sensitive cargoes. berths ranging from 246 feet to 1,000 feet and berth depths up to 45 feet. The largest ship docks are designed to handle 160,000 DWT tankers. Private companies Storage operate 22 private oil docks handling a variety of petroleum and petrochemical More than 30 acres of open storage area are available for marshalling, products. storage and fabrication. Paved yards are located adjacent to Docks 9, 10 and the RO/ RO ramp. Another 20-acre paved yard is 1/2 mile west of the docks Source: Port Corpus Christi ±20 ACRES ON CIMARRON BLVD | 9 PORT CORPUS CHRISTI OVERVIEW

DRY BULK Bulk Terminal The Bulk Terminal, docks #1 and #2 are used to discharge and/or load petroleum coke, coal, bayrite and other dry bulk commodities directly to/from vessels (including Panamax class ships), railcars and trucks. The loading belt speed at the ship loader is 1500 tons per hour and the unloading gantry crane can handle 600 tons per hour. The Bulk Terminal is serviced by the BNSF, KCS, and UP Class I railroads. Within 15 minutes and via the Joe Fulton International Trade Corridor trucks can access Interstate 37.

Grain Elevator A Port Corpus Christi facility managed by ADM/Growmark River Systems Inc, located on the Inner Harbor. The facility is used for shipments of grain, food, and farm products, and features a high storage capacity and excellent rail and highway connections.

Port Corpus Christi is the location for improved cost effectiveness and productivity, including the strongest dock available within the U.S. Gulf Ports (1500 psi) STRATEGIC LOGISTICS PROJECT RO/RO CARGO Port Corpus Christi is the location for improved cost effectiveness and productivity, Quality Solutions including the strongest dock available within the U.S. Gulf Ports (1500 psi). Port Corpus Christi has also been a designated, strategic military deployment port since December Port Corpus Christi offers quality solutions and superior logistics for all your ship- 1997. ping needs. The Joe Fulton Corridor provides direct connections to Interstate 37 and ·· 45’ deep water port Highway 181 for ease of cargo movement. Direct connections to three Class I railroads, BNSF, KCS, and UP plus dockside rail and truck service equip our clients with options. ·· Transloading facilities Minimal escort requirements and short channel transit save time and costs. ·· Staging capabilities ·· Rail service and on-dock railroad capabilities Outstanding Facilities ·· Convenient highway access The Port offers multiple uncongested docks and Foreign Trade Zone #122 with greater ·· State-of-the-art security department flexibility and expedited access to FTZ benefits. More than 500 acres for project development and large manufacturing sites are available. Our facil- ·· Covered storage ities sit adjacent to a 45’ deepwater channel and provide access to the Intracoastal ·· Three Class I railroads Waterway system, allowing for offshore projects. ·· Rail Yard with eight 8,500 foot tracks Source: Port Corpus Christi ±20 ACRES ON CIMARRON BLVD | 10 PORT CORPUS CHRISTI OVERVIEW

FOREIGN TRADE ZONE #122 ENVIRONMENT Established in 1985, Foreign Trade Zone #122 was the first continental zone with refinery Port Corpus Christi is an Environmental Leader in the community. Their subzones. In 2013, Port Corpus Christi reorganized and expanded FTZ #122 under the Alternative ISO 14001 certified and award winning Environmental Management Site Framework (ASF). This new program provides greater flexibility and expedites access to the System helps to continually improve commitments for compliance and benefits of the -FTZ program by using simpler and less time-consuming procedures to bring FTZ pollution prevention. Port Corpus Christi has been ISO 14001 certified since July 21, 2007, and will be certified to the revised standard in designation to locations where a company has decided to pursue an FTZ. Under the ASF, FTZ 2016. #122 now includes seven counties within its service area – Aransas, Bee, Jim Wells, Kleberg, Nueces, Refugio, and San Patricio. A recently revised environmental policy identified 5 key precepts that are considered when evaluating new developments and operations which SECURITY are: air quality, water quality, soils and sediments, wildlife habitat, The Port Police & Security Department strive to provide the maritime commerce community and environmental sustainability. Port Corpus Christi environmental with security and law enforcement services that are focused on stopping or limiting the effects stewardship efforts focus on improvements and pro-active measures related to these precepts. The Environmental Management System of terrorism. The department provides a layered security structure that involves, among other has allowed Port Corpus Christi to establish voluntary programs that things: extensive intelligent video analytics & surveillance, physical security barrier systems, include proactive measures to maintain attainment of our air quality, sophisticated and interoperable radio communications systems and a TWIC- based access and conservation programs for reducing electrical consumption and control system. water consumption. The Security Department has made strides in advancing security by establishing strict access Port Corpus Christi adopted requirements that all Stevedores working control measures, conducting patrols, investigating suspicious activity and increasing in the Port area must have an Environmental Management System in awareness among employees and tenants which enhance our ability to protect property, lives, place for their operations by January 1, 2017. This will assure cargo and livelihoods for the community. Our sworn law enforcement and unsworn security officers movement can occur efficiently and in a manner that best protects the and surveillance analysts dispatchers enjoy a very strong partnership with all local, state, and environment. federal law enforcement partners, thus affording the Port area a formidable Homeland Security support structure both on land and water NUECES RIVER RAIL YARD Along with deep water shipping channels and easy highway access, an efficient rail system is an integral component for multi-modal strategic logistics at Port Corpus Christi.

Phase I of the Nueces River Rail Yard came online in early 2015 and includes a 9,920 foot long unit train siding. The opening of Phase II is scheduled to open by first quarter 2017 and will add an additional eight 8,000 foot long unit train sidings. Nueces River Rail Yard is made possible by the unique cooperation of three Class I rail lines including BNSF, UP, and KCS as well as the short line rail operator Genesse Wyoming, and Port Corpus Christi. The Nueces River Rail Yard is located along the Joe Fulton International Trade Corridor and the Corpus Christi Ship Channel. Source: Port Corpus Christi ±20 ACRES ON CIMARRON BLVD | 11 INFORMATION ABOUT BROKERAGE SERVICES & DISCLAIMER

10-10-11

Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about DISCLAIMER brokerage services to prospective buyers, tenants, sellers and landlords. Prospective purchasers are hereby advised the Owners (“Owner”) of the Property are soliciting offers through Apartment Realty Advisors (“ARA”), which may be accepted or rejected by the Owners at the Information About Brokerage Services Owners’ sole discretion.

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

Acquisition of properties such as the these offered hereunder involves a high degree of risk and are Buyer, Seller, Landlord or Tenant Date suitable only for persons and entities of substantial financial means. 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 78711-2188 , 512-936-3000 (http://www.trec.texas.gov) TREC No. OP-K ±20 ACRES ON CIMARRON BLVD | 12 © ARA Newmark. All Rights Reserved.