SAN JACINTO RIVER • PORT OF • CHANNELVIEW

North Campus

HIGHWAY 90

Royalwood Elementary BEAUMONT HWY Sheldon Lake

TIDWELL RD

Happy D Donuts Carniceria ±52.14 ACRES La Guadalajara Stonefield Liquor

±52.14 Acres on E. Parkway East Houston, TX 77044

OFFERING MEMORANDUM Contacts, Due Diligence, & Offer Requirements www.dmreland.com

Clark Dalton Becky Hand Dosch Marshall Real Estate Vice President Senior Associate 713.955.3120 [email protected] [email protected] O 713-955-3122 O 713-955-3121 777 Post Oak Blvd Houston, TX 77056 M 832-449-2223 M 918-629-5592 www.dmreland.com

Exclusive Representation David Marshall Dillon Mills Dosch Marshall Real Estate (DMRE) has been exclusively retained to represent the Seller in the Principal Associate disposition of ±52.14 acres on E. Sam Houston [email protected] [email protected] Parkway in Houston, TX (Property). All inquiries O 713-955-3126 O 713-955-3123 about the Property should be directed to DMRE. M 713-206-1574 M 713-254-3824 Due Diligence Information To access the due diligence information please visit the Property website at: ​www.dmreland.com Tom Dosch Tripp Rich Principal Transaction Manager Offer Requirements [email protected] [email protected] Offers should be presented in the form of a non- O 713-955-3125 O 713-955-3124 binding Letter of Intent, and should include: M 713-557-4455 M 936-635-6968 • Pricing • Due Diligence and Closing Timeframe • Earnest Money Deposit • Description of Debt/Equity Structure • Qualifications to Close Tim Dosch Kenneth Danna • Development Plans Principal Analyst Purchase terms shall require cash to be paid at [email protected] [email protected] closing. Offers should be delivered to the attention O 713-955-3127 O 713-955-3120 of Tim Dosch, David Marshall, Tom Dosch, or Becky M 713-459-8123 M 713-829-2615 Hand via fax or email.

±52.14 ACRES ON E SAM HOUSTON PKWY N 2 Property Details www.dmreland.com

Property Details On E Sam Houston Parkway N, North of Beaumont Hwy LOCATION Houston, TX 77044 LAT., LONG. 29.858116, -95.184550 TOTAL SIZE ±52.14 Acres PARCEL ID 0421240000066, 0421240000116 COUNTY Harris FLOODPLAIN None SITE

BEAUMONT RD 2017 Tax Rates SHELDON ISD 1.470000 HARRIS COUNTY 0.418010 HARRIS CO FLOOD CNTRL 0.028310 HOUSTON PORT OF HOUSTON AUTHY 0.012560 HARRIS CO HOSP DIST 0.171100 HARRIS CO EDUC DEPT 0.005195 SAN JACINTO COM COL D 0.183335 HC EMERG SRV DIST 60 0.049300 HC EMERG SRV DIST 2 0.029700 Development Opportunity in East Houston Total 2.367510 • Extensive Beltway 8 frontage (over 2,000 feet) • Excellent access to Hwy 90 (1.6 miles) 2017 Demographics 0-1 mile 0-3 miles 0-5 miles Distance to Major Employment Areas EST. POPULATION 7,285 36,134 129,698 • Generation Park: <2 miles • Port of Houston: 8 miles 5-YR EST. POPULATION GROWTH 5.67% 5.09% 6.21% • Greenspoint/IAH: 11 miles AVERAGE HOUSEHOLD INCOME $76,303 $65,682 $71,240 • Houston CBD: 11.5 miles MEDIAN OWNER-OCCUPIED HOUSING VALUES $119,378 $123,272 $125,412

±52.14 ACRES ON E SAM HOUSTON PKWY N 3 Property Survey & Traffic Counts www.dmreland.com

SOUTHERN 40.0 ACRES NORTHERN 12.12 ACRES

1066.90 1065.69

496.0 12.12 495.50

1066.90

40 TRAFFIC COUNTS IN CARS PER DAY 160.09 SITE

160.09 44,000

81,695

BEAUMONT HWY

96,719

HWY 90 24,371

1070.90 52,000

±52.14 ACRES ON E SAM HOUSTON PKWY N 4 www.dmreland.com

SUNRISE PINES Home Prices Up to $215K

MEADOWLAKE MOBILE HOME VILLAGE

SOUTHBOUND EXIT ±52.14 ACRES

NORTHBOUND ENTRY

±52.14 ACRES ON E SAM HOUSTON PKWY N 5 BEAUMONT HWY Property Aerial www.dmreland.com Crenshaw Memorial Stadium C.E. King Middle School

Happy D Donuts Carniceria PARKWAY FOREST Cravens Early Childhood Academy La Guadalajara Home Prices Up to $135K Stonefield Liquor Tenaris Coiled STONEFIELD TERRACE Tubes Downhole Home Prices Up to $165K TIDWELL RD TIDWELL LAKES Home Prices Up to $220K

±52.14 ACRES

±52.14 ACRES ON E SAM HOUSTON PKWY N 6 EmploymentProperty Aerial Entertainment www.dmreland.com Hosts 12 of Houston’s 26 Fortune 500 companies Major Employers (Number of Employees) () Chevron (7,000) () Shell Oil Company (6,500 George R. Brown Convention Center Chase Bank (4,695) Park KBR (3,175) ExxonMobil Corporation (3,000) El Paso Corporation (2,200) CenterPoint Energy (2,040) Hess Corporation (1,870 United Airlines (1,840) C.E. King Middle School Wells Fargo (1,695) Crenshaw Memorial Stadium

Cravens Early Childhood Academy Monahan Elementary Happy D Donuts BEAUMONT HWY Carniceria La Guadalajara STONEFIELD TERRACE Stonefield Liquor TIDWELL RD Tenaris Coiled Home Prices Up to $165K Tubes Downhole TIDWELL LAKES Home Prices Up to $220K

±52.14 ACRES

±52.14 ACRES ON E SAM HOUSTON PKWY N 7 Area Highlights www.dmreland.com

4,000-acre master-planned commercial park driving the expansion of one of Houston’s GHX INDUSTRIAL, LLC (RENDERING) fastest growing economic and residential corridors, Lake Houston

Lockwood Business Park • Located at 13300 Lockwood Road, just south of West Lake Houston Parkway and across from TechnipFMC’s 173-acre campus • Three build-to-suit industrial and flex-office buildings available for lease with space available from ±6,400 to 57,600 SF

250 Assay Street • 86,523 SF mixed-use office building

GHX Industrial, LLC • Expected to move into their new 143,500 SF Houston 250 ASSAY STREET distribution center and headquarters in Lockwood Business Park at the end of 2017 • Will include 121,000 square feet of warehouse and shop space and 22,500 square feet of office space

McCord Development • Recently occupied their new headquarters on the 2nd floor of 250 Assay St this year (2017)

Apache Industrial Services, Inc. • Preparing to move into the 4th and 5th floors of 250 Assay Street, with occupancy expected before the end of 2017

San Jacinto College • Recently closed on 57 acres at Generation Park, just across TECHNIP FMC Lockwood Road from the TechnipFMC campus

TechnipFMC (formerly FMC Technologies) • Part of TechnipFMC, after a merge with Technip in 2017 • Produce equipment for exploration and production of hydrocarbons • Named by Fortune (magazine) as the World’s Most Admired Oil and Gas Equipment, Service Company. • 20,000 employees worldwide; they plan to transition all 3,700 Houston-area employees to the Generation Park facility (an approximately 173-acre campus) TOYOTA CENTER

±52.14 ACRES ON E SAM HOUSTON PKWY N 8 Area Highlights www.dmreland.com

Industrial Market • No. 1 U.S. port in foreign waterborne tonnage • No. 1 port in the U.S. Gulf Coast by TEU throughput Growth on the east side due to boom in petrochemical industry • Home to the largest petrochemical complex in the U.S. Q2 2017 Data from Colliers (2nd largest in world) Absorption: During the first half of 2017, 3.0M SF of • 150 public and private companies Houston’s industrial inventory was absorbed, all occurring • 8,300 + vessel calls, 20,000+ ship movements, and during the first quarter. Second quarter absorption was 200,000+ barge transits annually close to zero, posting only -13,100 SF. Vacancy: The vacancy rate is only 5.5% with a mid-year Capital Investments Development new inventory total to over 5M SF. The area continues to Companies cite the cheap cost of fuel, Projects recently completed: Under Construction: 4.2M SF is under construction and exhibit strong market fundamentals the large inventory of natural gas liquids • 1.0 million square feet for Ikea 77.2% is pre-leased. Most of the leased space under con- with significant deal volume and available as well as access to foreign • 960,000 square feet for Katoen struction are build-to-suit projects for companies such as net absorption in 2017. Much of the markets through exports as a source of Natie Amazon, FedEx, Katoen Natie and Vinmar International. market activity is driven by the strong growth in the petrochemical industry. downstream sector and petrochemical Projects soon to break ground: boom, which provides strategic LyondellBasell • 750,000 square feet for Ravago advantages to East Houston. • Plans to build a $2.4 billion Americas petrochemical plant near the • 500,000 square feet for Vinmar • Port Houston expects to invest Houston Ship Channel, the largest $333.0 million in capital projects factory of its kind in the world over 2017 and 2018, including Foreign Trade Sub Zones • Would create some 2,500 adding Post-Panamax cranes • Gulf Coast Maritime where needed construction jobs and 160 permanent positions at the plant • Valero Refining Co. • Bayport Wharf #2, the fourth wharf at the terminal, is currently • Their most expensive project ever • Shaffer, Inc. under construction, and Barbours at $2.4 billion • Tuboscope Vetco Int’l RENDERING OF THE MICKEY LEELAND TERMINAL Cut Wharf #2 reconstruction is • Announced in July 2017 that the • Shell Oil Co. in progress project would move forward Bush Intercontinental Airport (IAH) • Dril-Quip • Generates a $19 billion impact on the Houston economy Contanda Terminals • Tadiran Microwave Networks Markets • Supports $5 billion in total payroll and more than • Signed a multiyear commercial • Hydril USA Manufacturing LLC • 74 percent of plastic resins agreement with the Port of 200,000 full time jobs manufactured in the U.S. come Houston Authority for 339 acres • Pasadena Refining System, Inc. • Named the fastest growing airport among the top ten out of Houston on the Houston Ship Channel • EXXON Mobil major airports in the nation • Resins/plastics and chemicals/ • Provider of bulk liquid storage and • Houston Refining LP • The $277 million renovation of the 265,000-square- minerals account for 46.7 percent logistics services • Equistar Chemicals foot Terminal C North was completed early 2017 of Port Houston’s exported TEUs • Already operates three storage • Michelin North America, Inc. • The new $1.5-billion international Mickey Leland ter- (twenty-foot equivalent unit) terminals in the Houston area minal will replace the existing Terminal D; expected to • An estimated 250,000 TEUs in new be complete in 2022 exports will be created by 2019 Pontikes Development • Planning a 3.0 million-square- • Plans include 12 wide-body gates, connections to as newly delivered petrochemical other portions of the airport, and associated landside, projects ramp up production foot-multimodal logistics and distribution center on 246 acres apron and utilities components

±52.14 ACRES ON E SAM HOUSTON PKWY N 9 Downtown Houston www.dmreland.com

GEORGE R BROWN CONVENTION CENTER Employment Entertainment & Attractions • Over 150,000 employees • Over ten million people visit Downtown annually • Over 3,000 businesses and 50.4 million SF office space • 22 hotels and 7,300 hotel rooms • Class A office occupancy at 85.6% • 9 major performing arts organizations • 754,000 SF of office space is under construction • 2 million SF retail space • Hosts 20 of Houston’s 26 Fortune 500 companies; • Over 300 restaurants, coffee shops, and bars, 9 have their headquarters in Downtown Houston including the renowned Xochi, Potente and Local Foods

Toyota Center • Home of the NBA’s Houston Rockets Top Employers MINUTE MAID PARK • The Toyota Center has a total of 750,000 square feet, Employer # Employees with 18,300 seats available for basketball, 17,800 for hockey, and 19,000 for concerts, including 2,900 club Chevron 8,600 seats and 103 luxury, courtside seats

Shell Oil Company 7,000 Minute Maid Park • Home of the Houston Astros and Houston Aeros Chase Bank 4,892 professional sports teams TOYOTA CENTER • Built in the year 2000, Minute Maid Park has a 242- CenterPoint Energy 3,826 foot high retractable roof George R Brown Convention Center • Minute Maid Park has a gross square footage of 28.97 • 1.9 million SF KBR 2,958 acres, a total square footage of 1,263,240, and a total • $253 million economic impact of 40,963 seats NRG/Reliant Energy 2,300 • Fronted by Avenida de las Americas, a boulevard GreenStreet running from Minute Maid Park to Hilton Americas- ExxonMobil Corporation 2,200 • Three-block, 570,000-square-foot mixed-use Houston, which features five restaurants and festival destination with shopping, entertainment and dining and event space Hess 2,000 • III Forks, McCormick & Schmick’s, , Houston Theater District Lucky Strike • The Houston Theater District, an impressive 17-block Kinder Morgan 1,860 • Hosts NRG’s regional headquarters, one of the cultural and entertainment center, is the second nation’s largest energy providers largest performing arts district in the U.S. next to Deloitte 1,700 • 90,000 square feet of collaborative office space with Broadway in New York City easy access to transit and parking • Nine performing arts organizations with more than Enterprise Products Partners 1,360 • Home of the Hotel Alessandra – a new 223-room 12,900 seats for live performances luxury hotel which opened in 2017 • Includes 130,000 square foot Ernst & Young 1,300 entertainment complex offering popular restaurants, Discovery Green Park movies, and parks Waste Management, Inc. 1,270 • Two-acre picnic lawn with one-acre lake, jogging trail, performance stage, two dog parks, and multiple • More than two million visitors annually PriceWaterhouseCoopers 1,236 gardens • Venues include: Alley Theater, Wortham Theater • Served as the planned entertainment zone, or “Super Center, Hobby Center, Sundance Cinemas, LyondellBasell Industries 1,200 Bowl El Centro,” for the 2017 Super Bowl & Jones Plaza, House of Blues, , Bayou Music Center

±52.14 ACRES ON E SAM HOUSTON PKWY N 10 Downtown Houston www.dmreland.com

Market Office developments Overview RENDERING: HOTEL ALESSANDRA AND • Skanska resumed construction on Capitol Tower, its THE GREENSTREET REDEVELOPMENT 35-story 754,000 SF office tower at 811 Rusk; the lead tenant, Bank of America, preleased 210,000 SF and RETAIL has acquired the naming rights for the tower HIGHLIGHTS • Chevron’s 1500 Louisiana is undergoing a $10 million renovation as part of the company’s relocation of 9 around 900 employees from its Bellaire campus new retailers • Global co-working giant WeWork will open its first Houston location Downtown soon in The Jones at THE TIPPING POINT Main at 708 Main; WeWork will occupy 86,000 SF, housing over 1,400 of its members; the facility will

accomodate a range of companies (individuals, The Tipping Point startup firms and entrepreneurs) and provide private RETAIL (CONTINUED) office space for 120+ employees of companies that The Tipping Point, Downtown’s first and only cre- An upscale white table cloth full-service restaurant, require a regular presence in Houston ative lifestyle destination, is open in the Historic W. L. Lucienne, and lobby bar, Bardot, are planned on the Foley Building at 214 Travis Street. Locally owned and second floor of the new Hotel Alessandra. The restau- • Hines unveiled its twenty-first tower in the Houston operated by native Houstonians since 2007, the store rant will feature Mediterranean cuisine from countries curates a select collection of limited-edition footwear, such as Portugal, Greece, France and Spain and seat skyline, 609 Main, at a grand opening on May 17; books, art, apparel, music, and accessories that are a about 100. (Chronicle) Hines is the building’s first tenant and moved into their reflection of their creative lifestyle. (Website) Celebrity Chef Bryan Caswell, the chef-owner of Reef, new Southwest regional office on the 44th floor on COMING SOON: El Real, and Little Bigs plans to open a new restaurant, April 22; the building is 60 percent leased B&BLAUNCH Butchers POPUP owner, BenjaminSHOP Berg, will be opening160FT Oxbow BEERWORKS 7, on the ground floor of the new Le Méridien Benjamin’s, a new 16,000 SF world-class restaurant on hotel at 1121 Walker St., and a rooftop bar, Hoggbirds on the ground and mezzanine floors of The Star apartment the 22nd floor. The restaurant and bar are expected to building at 1111 Rusk. The new restaurant is expected open along with the hotel on August 22. HBJ( , culturemap, toNew open towards retail the & end restaurant of summer 2018. openings (Chronicle, Website) RENDERING: FINAL DESIGN OF HIGH SCHOOL FOR Other developments & updates HBJ, RNR) THE PERFORMING AND VISUAL ARTS (HSPVA) • A new nanobrewery, 160ft BeerworksOwners of Montrose coffee shop Blacksmith, Morning- • The new 21-dock BCycle station, Downtown’s Café Cosmopolita will be opening on the ground star and Greenway Coffee & Tea plan to open Prelude • Bud’s Pitmaster BBQ opened at 1001Coffee andAvenida Tea inside de 609 Las Main's lobby. (HBJ) fifteenth location, was installed at the Jury floor of SkyHouse Houston at 1625 Main Street in mid-September.Americas The independent specialty coffee shop Assembly Building located at 1202 Franklin with a modern and international theme will serve high -based restaurant and bar concept by Pat Green quality• Cake espresso Life based Co. drinks,, a local coffee, bakery tea, pastries, that specializesand FreeRange Concepts, in cus The- Rustic, will open its first Street in June 2017 Houston location Downtown at 1836 Polk St., next to the breakfasttom sandwiches cakes and other beverages. • Uber Technologies Inc. and Cameron Manage- George R. Brown Convention Center. The 25,000-SF Finn• Hall The is set Conservatory to open in early 2018 Food at 712 Main Hall in Theand restaurantBeer Garden and bar is at expected to open in the summer ment have named the Esperson Building as a Jones on Main. The 20,000-SF food hall will feature a of 2018 and create more than 200 Houston jobs. (HBJ) designated pickup and dropoff building dozen chef-driven1010 Prairie food outlets, added a craft new beer and food curated and beverage vendors wine bar,this an spring—Arte art deco cocktail Pizzeria lounge, and from private pastry chef Kelsey • Construction on the new Downtown campus of spaces. The food hall will serve breakfast, lunch and Hawkins; Mars Bakery, a doughnut and pastry bar; and the High School for the Performing and Visual dinner. (Chronicle, HBJ) Noble Rot Wine Bar, a “boutique wine bar” Arts (HSPVA) has topped out and the new High & Dry, a new rum bar set to serve up an “urban HSPVA campus is on track for completion in the oasis”• willLAUNCH be opening, aon collaborative the second floor of pop-up 306 Main shop returned Down- Street. (Houston Eater) fourth quarter of 2018 town on April 1, featuring new local designers and artisans • The Lee and Joe Jamail Skatepark at Park has reopened after a $2 million • Stack Burger, a casual restaurant and burger stand is renovation open at 703 St. Joseph Pkwy Downtown Houston Market Report 2Q 2017 4 • The Tipping Point, Downtown’s first and only creative lifestyle destination

±52.14 ACRES ON E SAM HOUSTON PKWY N 11 Houston Market Overview www.dmreland.com

Houston’s economic downturn is over Worldwide leader in healthcare • Travel + Leisure ranked Houston No. 2 among “Friendliest Cities in America” and No. 10 of “America’s Best Music Houston’s economic downturn is over The healthcare industry makes up 13% of the Houston MSA’s Scenes”. and recovery has begun. Recovery sig- workforce and grew 2.9 percent between January ’16 and January • U.S. News & World Report ranked Houston seventh “Best nals include the West Intermediate, ’17. Throughout the nation, hospitals, clinics and medical offices Foodie Destination in the USA.” the U.S. benchmark for light, sweet crude, are expanding as they try to keep up with a population boom of • National Geographic ranked Houston No. 8 “Top Nightlife now trading near $50 per barrel; the nearly 10 percent since 2010. As a result, healthcare occupations Cities in the World” strong increase in the number of drilling and industries are expected to have the fastest employment rigs working in the U.S.; the cresting of growth and to add the most jobs between 2014 and 2024, the • Houston was the only U.S. destination on Boston Globe’s six the Houston Purchasing Managers Index U.S. Bureau of Labor Statistics reports. In fact, between December “Places to Visit in 2015” over 50 in October 2016; and strong job ’14 to October ’16, a period when mining and logging lost nearly growth in the 12 months ending October 25,000 jobs due to the energy downturn, health care created The US Bureau of Labor Statistics estimates there are 160,000 ‘16. These signals are underscored by nearly 23,000 new jobs. The Partnership expects teachers, teaching assistants and librarians in the Houston MSA. a growing consensus that the global oil Houston to add 9,800 healthcare jobs in ’17. Houston is also home to multiple higher education institutions market is moving back into equilibrium which attract students from all over the world: for supply and demand, and that the World’s Largest Medical Complex • The , a Tier One Research University, was price can be soon restored to the $65 Houston’s , dubbed a “Medical Mini-City” chosen as one of the nation’s best colleges for undergraduate per barrel range. Houston weathered the by Forbes, is the world’s largest medical complex, the 8th largest education by The Princeton Review in 2011. downturn better than many expected: the business district in the US, employs over 106,000 people and has • , a Tier One Research University, was ranked region never had a 12-month period in an estimated regional annual economic impact of $20 billion. as a top institution in the country by The Princeton Review, which employment growth dipped below Much like the petrochemical boom occurring on Houston’s east Newsweek College Guide, Kiplinger’s Personal Finance, Worth zero and the unemployment rate never side, institutions within the TMC have $3 billion in construction magazine, Financial Times, U.S. News and World Report and rose above 5.8 percent. projects underway. the Almanac of Architecture and Design. Rice University ranked The Houston economy benefited from a Healthcare expands to the suburbs first among “30 Best Values in Small Colleges” according to strong U.S. economy and the strength of World-class healthcare is no longer confined to the Texas Medical Kiplinger’s Personal Finance Magazine (2014). its petrochemical and refining industries Center campus. As Houston’s growing population expands to the • The University of St. Thomas was recognized by U.S. News & (which in turn benefited from the low suburbs, so does its healthcare. New health center openings and World Report, The Cardinal Newman Society and The Princeton prices of oil and natural gas). According expansions totaling over 5 million square feet in the TMC and the Review Guide. Patrick Jankowski, senior Vice President Greater Houston area over the next four years include: • Baylor College of Medicine was ranked as one of the top 25 medi- of Research at the Greater Houston • Memorial Hermann will open or expand hospitals in the TMC, cal schools for research in 2011 by U.S. News & World Report. Partnership, Houston’s role as an energy Katy, Sugar Land, Pearland, Cypress and northeast Houston • is one of the fastest-growing com- capital of the world hasn’t changed: ”If • Texas Children’s will open or expand hospitals in the TMC, The munity colleges in the nation. you’re in the energy business, you either Woodlands and West Houston have to have a presence in Houston or you • Texas A&M University Health Science Center (TAMHSC) is the have to visit Houston on a regular basis.” • Houston Methodist will open hospitals in West Houston, Sugar most comprehensive health science center in Texas. The TAM- Land and The Woodlands HSC School of Public Health is ranked in the Top 25 “Best Grad Offsetting oil losses, and keeping Hous- • The University of Texas Medical Branch will open a hospital in Schools for Public Health” by U.S. News & World Report. ton’s job growth positive, has been strong League City growth in service sector jobs. Growth in • Baylor/CHI will open a hospital in the TMC Strong retail growth food service, healthcare, retail trade, and public education have led the metropoli- This unprecedented growth ensures that the medical sector will Retail accounts for 10.3 percent of all jobs in the Houston region tan area’s job growth since late 2014. remain one of the major pillars of Houston’s economy for the – only healthcare and government employ larger shares of the foreseeable future. workforce. Houston ranks fourth nationally in retail construction The Houston area created 13,400 jobs activity. As of Q4 2016, occupancy was at 94%. Additionally, two in the 12 months ending October ’16, Over 160,000 teachers, assistants, and librarians million square feet of retail space is under construction, much of and the Greater Houston Partnership is it for delivery next year. Houston should see the addition of add projecting Houston will add 29,700 net Ranked as the nation’s seventh largest district, Houston Inde- 4,500 jobs in this sector by year’s end. jobs across all sectors in 2017, demon- pendent School District (HISD) covers 312 square miles with strating confidence from local experts. 288 schools, 13,000 teachers and more than 210,000 students.

±52.14 ACRES ON E SAM HOUSTON PKWY N 12 Houston Market Overview www.dmreland.com

One of the friendliest cities in America POPULATION | Over the past 35 years, Houston has added 3.4 million residents, Houston’s performing arts, nightlife, culinary scene, and sports attractions drew 17.5 1.5 million jobs and real personal income has grown at a 6.1 percent annual rate. million visitors in ’15, up from 14.5 million in ’14. Houston First Corporation and the Greater Houston Convention & Visitors Bureau plan to increase annual visitors to 20 million in ’18 Greater Houston Area Population by County through a combination of marketing, tourism summits, industry outreach and infrastructure improvements, including more than two dozen planned hotel openings in 2017. County 2015 Pop. 2016 Pop. Pop. % of Houston Growth Growth % While over 2.2 million annual visitors come for the Houston Livestock Show and Rodeo, Austin 29,548 29,758 0.44% 210 0.7 the world’s largest livestock show and rodeo, many others come for its arts and culture. Houston has more than 500 cultural, visual and performing arts organizations, 90 of Brazoria 345,661 354,195 5.23% 8,534 2.5 which are devoted to multicultural and minority arts. These organizations are some Chambers 38,768 39,899 0.59% 1,131 2.9 of the best in the country: The Children’s Museum of Houston is the highest attended youth museum in the country for its size and rated number one in the country by Parents Fort Bend 713,849 741,237 10.94% 27,388 3.8 magazine; the welcomed over 2.55 million visitors in 2016, making it the number one most-visited zoo in the country; and Houston’s Museum of Fine Arts is the Galveston 321,538 329,431 4.86% 7,893 2.5 largest art museum in the Southwest United States. Harris 4,533,341 4,589,928 67.77% 56,587 1.2 For those who prefer live action to museums, Houston has a Theater District second only to New York City in its concentration of seats in one geographic area. Located Liberty 79,696 81,704 1.21% 2,008 2.5 downtown, the 17-block Theater District is home to eight performing arts organizations Montgomery 536,434 556,203 8.21% 19,769 3.7 with more than 12,000 seats. The Houston Ballet was lauded by The New York Times as “...one of the nation’s best ballet companies” and the Houston Grand Opera is the only Waller 48,630 50,115 0.74% 1,485 3.1 opera company in the world with Grammy, Tony and Emmy awards. With so much to offer visitors from all over the world, it’s no surprise that the Greater Houston Partnership Totals 6,647,465 6,772,470 - 125,005 1.90% predicts the addition of 8,700 employees to this sector in 2017.

New developments in air travel CONSTRUCTION | The Greater Houston Partnership predicts construction in the areas of industrial, single family housing, medical, institutional, and commercial. In the November The contributed more than $27.5 billion to the local economy ‘16 election, Houston area voters approved $638 million in local construction bonds on and is directly responsible for over 230,000 jobs in the Houston area. Air travel was not top of the $10.6 billion approved since May ’14. immune to the economic downturn, but the opening of an international concourse and return of international service to Latin American and the Caribbean in October 2015 at EAST HOUSTON | Some $50 billion worth of refinery, petrochemical and LNG plants are Houston Hobby helped offset a drop in domestic traffic system wide. Additionally, United underway, providing thousands of construction jobs, but that activity will peak over the Airlines is currently constructing a new Terminal C North facility slated to open in early ’17. next two years. In 2017, nearly $23 billion in such projects are scheduled to be completed. In fact, the Greater Houston Partnership predicts a continuing recovery in this sector with Increased need for routine maintenance and turnaround projects on the operational the addition of 2,100 jobs. plants will soften the employment decrease as construction winds down. PORT OF HOUSTON | 1st ranked US port in foreign tonnage (2015); 2nd ranked US port INTERNATIONAL CITY | Houston’s business cost is 2.0% below the U.S. average, draw- in total foreign cargo value (2015); Largest Gulf Coast container port, handling 68% of US ing foreign trade, investment, and business to the region. International trade directly Gulf Coast container traffic (2015); The Port Commission approved $88 million in capital or indirectly supports more than one-third of all jobs in the Houston metropolitan area, expenditures tied to channel improvements and new terminals and 5,000 companies in Houston are doing business overseas. Based on trade, foreign SPACE CITY | Houston is home to Johnson Space Center, a $1.5 billion complex housing investment, global connections and domination in certain aspects of the global economy, one of NASA’s largest R&D facilities, mission control, and the training base for US Houston is in the same category as New York, Tokyo, or other cities. Additionally, Houston astronauts, as well as 150 companies involved in aircraft or space vehicle manufacturing, exports ~$97B per year - for comparison, the State of Texas’ annual budget is $109B. space research and technology. Ninety-two foreign governments have official representation in Houston, ranking the city’s HOUSING | Single family housing inventory remains tight with a 3.8-month supply, and consular corps third in the nation. Houston hosts 21 foreign banks, representing 9 nations; 2016 saw a 3.0% increase in single-family homes sold from 2015. For the past two years, more than 752 foreign-owned firms; and more than 437 companies with branches in 144 the 12-month total property sales tracked by the Houston Association of Realtors has other nations. The TMC sees an annual average of 16,000 international patient visits. remained steady between 89,000 and 91,500.

±52.14 ACRES ON E SAM HOUSTON PKWY N 13 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 brokerage services to prospective buyers, tenants, sellers and landlords. Information About Brokerage Services

efore working with a real estate broker, you intermediary. The written consent must state who will should know that the duties of a broker pay the broker and, in conspicuous bold or underlined depend on whom the broker represents. If print, set forth the broker’s obligations as an 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 sale or lease is the owner’s agent. A broker who acts an intermediary in a transaction: as a subagent represents the owner in cooperation (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 intermediary between the parties if the parties price less that the asking price unless authorized in consent in writing. A broker can assist you in locating writing to do so by the owner; 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 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 IF THE BROKER REPRESENTS THE OWNER: (4) may not disclose any confidential information or 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 written - listing agreement, or by agreeing to act as a writing to disclose the information or required to do so by subagent by accepting an offer of subagency from the The Texas Real Estate License Act or a court order or if 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. the buyer but does not represent the buyer and must place the interests of the owner first. The buyer With the parties’ consent, a broker acting as an should not tell the owner’s agent anything the buyer intermediary between the parties may appoint a person would not want the owner to know because an who is licensed under The Texas Real Estate License 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 IF THE BROKER REPRESENTS THE BUYER: associated with the broker to communicate with and The broker becomes the buyer’s agent by entering carry out instructions of the other party. into an agreement to represent the buyer, usually through a written buyer representation agreement. A If you choose to have a broker represent you, buyer’s agent can assist the owner but does not you should enter into a written agreement with the represent the owner and must place the interests of broker that clearly establishes the broker’s obligations the buyer first. The owner should not tell a buyer’s and your obligations. The agreement should state 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 does not necessarily establish that the broker IF THE BROKER ACTS AS AN INTERMEDIARY: represents you. If you have any questions regarding A broker may act as an intermediary between the the duties and responsibilities of the broker, you parties if the broker complies with The Texas Real should resolve those questions before proceeding. Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

Buyer, Seller, Landlord or Tenant Date

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

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