Caldwell Valley Is Located Along Fmg 2720, Justl G 21 a N TU H R T I I S L Off of State Highway 21

Rohde Rd Niederwald Rebel Dr

Kyle Bunton Ln ¤¡183

d LehmanLehman Rd CALDWELLR OVALLEYHigh | ±668 ACRES p h a School EXCLUSIVE LISTING AGREEMENTcR l | CALDWELL COUNTY, TEXAS a o l L o a n RR 150 c n e d LOCATION Caldwell Valley is located along FMg 2720, justL G 21 a n TU H r t i i s l off of State Highway 21. Caldwell Valley is lessS than five t l

li r a d M

milesr from Kyle, 10 miles north of San Marcos l and 22 miles i T d E Post Rd ll R O R h from downtown Austin. s d Hemphill Elementary d i S n Simon Middle School a Sp FM 2001 SIZE ±668 acres Old Yarrington Rd S Subject PRICE Contact Broker y CR 158 nt u ty o n C u FM 2720 s o y C JURISDICTION Located within the City of Uhland Extra- a ll H e dw Territorial Jurisdiction in Caldwell County, Texas. al L C i m

ENTITLEMENTS Caldwelle Valley has an approved§35

K ¨¦

d i Harris Hill Rd development/subdivision agreement withR Caldwell County 130 R l S R n t i 1 outlining the review and approval process.s The project has l 2 R o e d P n Permitted land uses which include commercial, singled family y Rd R t lle t W Uh Va S and multifamily. lan d Flores W Caldwell Valley is part of the Ranch at Clear Fork Creek o n Municipal Utility District #2, which has been approved by Lockhart d e ther Texas Commission for Environmental Quality. There is an 142 W San TU approvedo discharge permit from the TCEQ. FM 1984 r l Marcos d

D UTILITIESr Water – To be provided by County Line SUD. Wastewater – To be servedS by the Ranch at Clear Fork Creek t a MUD via onsite wastewaterp treatment plants (to be conveyed le Lockhart to County Line SUD by agreement).s Municipal C 123 R l TU d Airport ov is Redwood Rd B d a R rk e 80 k r TU r a Rd P

e Hays County t a Bluebonnett Elementary Guadalupe County S FM 1979 Lockhart Junior High Lockhart High School F 1 M 1 7 Josh Cameron | [email protected] Hal Guggolz |2 [email protected] 6 6 FM 1978 3101 Bee Caves Road, Centre ll Building, Suite 306, Austin, Texas 78746 ph. 512.327.3010 | www.landadvisors.com M F The information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing this information to independently verify it. This package is subject to change, prior sale or complete withdrawal. TXCA00005 - 04.01.2020 CALDWELL VALLEY REGIONAL MAP Hal Guggolz | Josh Cameron | 512.327.3010 | www.landadvisors.com

Austin

e D v Fitz e r A hu cl

g r s T h i E FM 1704

s O r Rd C 360 lt TU e o r a r t f Del u g S S n t d t w t o Valle FM 1826 1 R s e TU C 1 i a n ¤¡290 S c S a R h d c n a M FM 9 9 6 0 9 2 1 Formula M 71 F Travis County ¨¦§35 One Race TU Hays County Track Travis County d FM 973 Bastrop County Hill R El d er TU45 Buda TU21 FM 1626 FM Creedmoor FM 812 TU304

F M FM 20 RR 37 5 32 3 5

RR1 5 0

Lehman Niederwald 1 8 M 5 High F 4 FM 2001 Kyle School Opal Ln R Hemphill Elementary School o la Simon Middle School n ¤¡183 Bastrop County H d il Caldwell County li L F a n u r lton d y R d nt Subject a R R ou nc d t C R h s s F R o y M R a

1 P 2 d H 2 7 d F 2 R M 0 130 go Caldwell County Hu 1 9 6 6 142 Lockhart Legend TU FM 86 San Projects Marcos K FM 7 1 3 0 2 4 Bluebonnet Elementary Lockhart Junior High Miles Lockhard Pride High School Delhi TXCA00005-37739 03-24-20

While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2020 The Land Advisors Organization. All rights reserved. CALDWELL VALLEY SURROUNDING DEVELOPMENT MAP Hal Guggolz | Josh Cameron | 512.327.3010 | www.landadvisors.com

Rohde Rd Niederwald Rebel Dr

Kyle Bunton Ln ¤¡183

d LehmanLehman Rd R O High p h a School cR l a o l L o a n RR 150 c n e d g L G 21 a n TU H r t i i s l S t l

li r a d M

r l i T d E Post Rd ll

O R h R s d Hemphill Elementary d i S n Simon Middle School a Sp FM 2001 Old Yarrington Rd S Subject y CR 158 nt u ty o n C u FM 2720 s o y C a ll H e dw al L C i m

e §35 K ¨¦

d 130 i Harris Hill Rd R 130 R l R n t 1 s 2 R o d P d R t W Uh S lan d Flores W

o n Lockhart d e r San 142 W TU o FM 1984 r Marcos l d

D r

S t a p le Lockhart s Municipal C 123 R l TU d Airport ov is Redwood Rd B d a R rk e 80 k r TU r a Rd P Legend e Hays County t Projects a Bluebonnett Elementary Guadalupe County S K FM 1979 Lockhart Junior High Lockhart High School 0 1 2 F 1 M 1 7 2 6 6 Miles FM 1978 M

TXCA00005-37739 03-24-20 F

While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2020 The Land Advisors Organization. All rights reserved. CALDWELL VALLEY SURROUNDING AREA MAP Hal Guggolz | Josh Cameron | 512.327.3010 | www.landadvisors.com

High Rd Cotton Gin Rd

n L h ic re d n Gr R e d is k i t M e e e H i r ll C R m d l lu r P T S h s i n

Hemphill Elementary p Simon Middle School S Drue Dr ld O RR 150 S

TU21

F Subject M 2

FM 2720

i l e

l l FM 1966 e y R FM 1984 d 130

Legend Projects K TU142 0 0.5 1

Miles TXCA00078-37738 03-24-20

While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2020 The Land Advisors Organization. All rights reserved. CALDWELL VALLEY PROPERTY DETAIL MAP Hal Guggolz | Josh Cameron | 512.327.3010 | www.landadvisors.com

S Old Spanish Trl Pine Ct TU21 Avery Rd

Buda Ct

Cottonwood Trl

Ponderosa Dr

FM 2720

Bobwhite Rd

Farmers Rd

Misty Ln

K Jolley Rd 0 1,000 2,000

Feet TXCA00005-37739 03-24-20

While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2020 The Land Advisors Organization. All rights reserved. CALDWELL VALLEY AERIAL 1 Hal Guggolz | Josh Cameron | 512.327.3010 | www.landadvisors.com

While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2020 The Land Advisors Organization. All rights reserved. CALDWELL VALLEY AERIAL 2 Hal Guggolz | Josh Cameron | 512.327.3010 | www.landadvisors.com

ECONOMIC TRENDS2

UNEMPLOYMENT RATE US Construction Spending AUSTIN TEXAS Dec 2018 Dec 2019 Dec 2018 Dec 2019 2.7% 2.4% 3.6% 3.3% -0.3% -0.3%

TOTAL NONFARM EMPLOYMENT (in thousands) AUSTIN TEXAS Dec 2018 Dec 2019 Dec 2018 Dec 2019 Consumer Price Index - Total CPI vs Shelter 1,082.0 1,119.8 12,711.0 13,055.2 3.5% 2.7%

EMPLOYMENT GROWTH AUSTIN TEXAS Annualized Employment Change* Annualized Employment Change* 2.5% 1.9%

Healthy YOY Employment Growth Seen In AUSTIN MARKET REPORT Personal Services 8.4% 4Q19 Mining, Logging, and Construction 8.2%

Leisure and Hospitality 6.1% ECONOMICCALDWELL TRENDS2 VALLEY Professional and Business Services 5.6% US Construction Spending UNEMPLOYMENT RATEMARKETING HIGHLIGHTS • Ideally located just off of State Highway 21 and Texas State HighwayEmployment 130, Caldwell Growth Valley is 35 Population Growth & Total Population AUSTINminutes from the AustinTEXAS CBD and 27 minutes from Austin Bergstrom International Airport. Dec 2018 Dec 2019 Dec 2018 Dec 2019 • The property has just under 1 mile of road frontage on FM 2720. 2.7% 2.4% 3.6% 3.3% -0.3% • Competition for Caldwell-0.3% Valley is severely constrained due to limited utility availability and high upfront infrastructure costs. In addition, many competing municipal jurisdictionsAUSTIN are prohibiting (in thousands) TOTAL NONFARM EMPLOYMENT(through denials in the planning process) the small production sized lotsMARKET that are inREPORT the highest market demand. As a result, first time home buyers seeking affordable 4Q19product will be driven to AUSTINprojects like CaldwellTEXAS Valley where the product exists to satisfy the tidal wave of demand. Dec 2018 Dec 2019 Dec 2018 Dec 2019 • Austin is significantly constrained when it comes to the future supplyConsumer of homes. Price The Index area - Total CPI vs Shelter 1 1,082.0 1,119.8is becoming12,711.0 increasingly 13,055.2more difficult to NEWobtain theHOUSING proper entitlements TRENDS and agreements. 3.5% Consequently, Caldwell2.7% Valley provides an opportunity to deliver much needed and demanded lot replacement inventory for the market area that nearby municipalitiesNew & Existing will no Homes longer Sold approve. ANNUALIZED NEW HOME STARTS EMPLOYMENT GROWTH Sources: (2) US Bureau of Labor Statistics *Seasonally Adjusted 2018 AUSTIN• Austin’s populationTEXAS has doubled every 20 years and has been doing so since 1880. Therefore, in 16,485 the year 2040 Austin will have doubled to roughly 4.5 million people. That represents an average Annualized Employment Change* Annualized Employment Change* 2019 of approximately 115,000 new people per year. At the industry accepted conversion rate of 2.5 14.7% Rohde Rd 2.5% people per household;1.9% that represents a need of approximately 46,000 dwelling units (single‐ 18,905Niederwald Rebel Dr family and multifamily) per year to meet the housing demand with no inventory build‐up cushion ANNUALIZED NEW HOME CLOSINGS at all. 2018 Healthy YOY EmploymentKyle Growth Seen In 16,284 Bunton Ln 14.9% 2019 ¤¡183

d Lehman Personal Services Lehman Rd 8.4% R 18,708 O High p h a Vacant DevelopedSchool Lot Supply cR l AVERAGE NEW HOME PRICE Mining, Logging,a o and Construction 8.2% l L o a n RR 150 c n Dec 2018 e d Leisureg and Hospitality 6.1% L G 21 a n TU H r t i i s $372,512 l S t l

li Professional and Business Services 5.6% r a d M

r l i T Dec 2019 d E Post Rd ll 1.5%

O R h R s d Hemphill Elementary d i S $378,202 n Simon Middle School a Employment Growth Population Growth & Total PopulationSp FM 2001 Old Yarrington Rd S Subject y CR 158 nt u ty o n Top 10 Builders by Closings - Last 12 Months C u FM 2720 s o y C a ll H e dw al L Single Family & Multi-FamilyC Permits i m

e §35 K ¨¦

While the Land Advisors® Organization makes every effort to provided accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2020 The Land Advisors Organization. All rights reserved. i Harris Hill Rd R 130 R l S R n t i 1 s l 2 R o e d P n d y Rd R t lle t W Uh Va S lan d Flores W

o n Lockhart d e r 142 W TU Sources: (2) US Bureau of Labor Statistics San o FM 1984 *Seasonally Adjusted r l Marcos d

D r MLS RESALE STATISTICS - SINGLE FAMILY HOMES2 S t a p le Lockhart s Municipal C 123 R CLOSED SALES LAST 12 MONTHS MONTHS OF INVENTORY l TU d Airport ov 2018 2019 Dec 2018 Dec 2019 is Redwood Rd B d a 34,594 5.9% 36,639 2.2 mos -0.4 mos R 1.8 mos rk e 80 k r TU r a Rd P

e Hays County t MEDIAN SALE PRICE 12 MONTH SALESa VOLUME Bluebonnett Elementary Guadalupe CountyDec 2018 Dec 2019 2018 S FM 1979 Lockhart Junior High 2019 7.3% $321,950 9.8%Lockhart High School $300,000F $13.1B $14.4B 1 M 1 7 2 6 6 FM 1978 M

Sources: (1) Metrostudy (2) Texas A&M Real Estate Center F AUSTIN MARKET REPORT

AUSTIN MARKET REPORT CALDWELL VALLEY 4Q19

STATE & MARKET GROWTH OPPORTUNITY 2 For years, Texas has led the nation in employment and population growth, receiving ECONOMIC TRENDS numerous accolades including: • Being named #1 in “Economic Climate” by Forbes. UNEMPLOYMENT RATE US Construction Spending • “America’s Top State for Economy” by CNBC. • “Best State for Business” by Chief Executive. MARKET INSIGHTSAUSTIN • TEXAS4Q19 Dec 2018 Dec 2019 Dec 2018 Dec 2019 Texas continues to dominate the nation’s population growth. Since 2010, Texas has added 3.9 million new residents. Austin received the following rankings and accolades: 2.7% 2.4% 3.6% 3.3% • #1 on the U.S. News’s list of the, “2019 Best Places to Live” for the third year in a -0.3% -0.3% row. • U.S. Bureau of Labor Statistics ranked Austin as #12 among the top 50 Metro Areas TOTAL NONFARM EMPLOYMENT (in thousands) for employment growth. • Austin has the No. 2 best performing metro economy in the nation, according to the annual ACBJ Economic Index. AUSTIN TEXAS • #8 in the U.S. for new home starts and closings. Dec 2018 Dec 2019 Dec 2018 Dec 2019 • Zillow ranked Austin #1 on its list of the top housing markets for 2020. Consumer Price Index - Total CPI vs Shelter • Brookings Institute ranks Austin No. 1 for growth, No. 5 for prosperity, and No. 9 for 1,082.0 1,119.8 12,711.0 13,055.2 inclusion in Brookings’ annual Metro Monitor assessment of the economic success 3.5% 2.7% of large U.S. metros. • Voted #1 “hottest” labor market in the U.S. for the second year in a row, according EMPLOYMENT GROWTH to the Wall Street Journal’s analysis of the 53 largest metros using 5 labor market metrics. AUSTIN TEXAS • The Dallas Fed’s Austin Business-Cycle Index expanded 7.7 percent in December, Annualized Employment Change* Annualized Employment Change* well above its long-term average of 6.3 percent. Robust job growth and lower unemployment rates indicate healthy economic performance in the metro for 2020. 2.5% 1.9%

Healthy YOY Employment Growth Seen In

Personal Services 8.4%

Mining, Logging, and Construction 8.2%

Leisure and Hospitality 6.1%

Professional and Business Services 5.6% 2.4% 3.5% $378,202 Employment Growth14.9% Population Growth & Total Population Austin Unemployment Rate Year over Year Job Growth Median New Home Price New Home Closings Up

LANDADVISORS.COM

Sources: (2) US Bureau of Labor Statistics *Seasonally Adjusted AUSTIN

INFORMATION ABOUT BROKERAGE SERVICES Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN • A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored WRITING AND CLEARLY ESTABLISH: by the broker. • The broker’s duties and responsibilities to you, and your obligations under the representation agreement. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated. A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. • Put the interests of the client above all others, including the broker’s own interests; It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this • Inform the client of any material information about the property or transaction received by the broker; notice below and retain a copy for your records. • Answer the client’s questions and present any offer to or counter-offer from the client; and • Treat all parties to a real estate transaction honestly and fairly. Land______Advisors Organization Licensed Broker/Broker Firm Name or License No. Email Phone A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: Primary Assumed Business Name

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent ______Kirk Laguarta 60656241 [email protected] through an agreement with the owner, usually in a written listing to sell or property management Designated Broker of Firm License No. Email Phone agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including ______information disclosed to the agent or subagent by the buyer or buyer’s agent. Licensed Supervisor of Sales Agent/ License No. Email Phone Associate AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or ______Hal Guggolz 628645 [email protected] 210-416-6276 transaction known by the agent, including information disclosed to the agent by the seller or seller’s Sales Agent/Associate’s Name License No. Email Phone agent. ______AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker Buyer/Tenant/Seller/Landlord Initials Date must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary: THE TEXAS REAL ESTATE COMMISSION (TREC) REGULATES REAL ESTATE BROKERS AND SALES AGENTS, REAL ESTATE INSPECTORS, • Must treat all parties to the transaction impartially and fairly; HOME WARRANTY COMPANIES, EASEMENT AND RIGHT-OF-WAY AGENTS, AND TIMESHARE INTEREST PROVIDERS • May, with the parties’ written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the YOU CAN FIND MORE INFORMATION AND CHECK THE STATUS OF A LICENSE HOLDER AT WWW.TREC.TEXAS.GOV instructions of each party to the transaction. YOU CAN SEND A COMPLAINT AGAINST A LICENSE HOLDER TO TREC - A COMPLAINT FORM IS AVAILABLE ON THE TREC WEBSITE • Must not, unless specifically authorized in writing to do so by the party, disclose: • that the owner will accept a price less than the written asking price; TREC ADMINISTERS TWO RECOVERY FUNDS WHICH MAY BE USED TO SATISFY A CIVIL COURT JUDGMENT AGAINST A BROKER, SALES AGENT, REAL ESTATE INSPECTOR, OR EASEMENT OR RIGHT-OF-WAY AGENT, IF CERTAIN REQUIREMENTS ARE MET • that the buyer/tenant will pay a price greater than the price submitted in a written offer; and • any confidential information or any other information that a party specifically instructs the broker in IF YOU HAVE QUESTIONS OR ISSUES ABOUT THE ACTIVITIES OF A LICENSE HOLDER, THE COMPLAINT PROCESS OR THE RECOVERY writing not to disclose, unless required to do so by law. FUNDS, PLEASE VISIT THE WEBSITE OR CONTACT TREC AT: TEXAS REAL ESTATE COMMISSION AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an P.O. BOX 12188 agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and AUSTIN, TEXAS 78711-2188 must place the interests of the owner first. (512) 936-3000 Regulated by the Texas Real Estate Commission. Information available at www.trec.texas.gov.