Oakhurst Townhomes 8507 Kromer Street | Austin, TX 78757

OFFERING SUMMARY

Total Total Market Total Effective Effective Market Market Unit Type No. of Units Rentable SF Effective Rent Rentable SF Rent/SF Rent/SF Rent/Unit Rent Rent/Unit Potential 2 BR/1 BA 10 850 8,500 $997 $1.17 $9,972 $1,050 $1.24 $10,500

2 BR/1.5 BA 1 925 925 $1,000 $1.08 $1,000 $1,125 $1.22 $1,125

2 BR/2 BA 1 850 850 $1,025 $1.21 $1,025 $1,100 $1.29 $1,100

Totals/ Wtd. Avgs. 12 856 10,275 $1,000 $1.17 $11,997 $1,060 $1.24 $12,725

Value-Add, Townhome Opportunity Oakhurst contains 12 two-bedroom townhomes with substantial rental upside through unit enhancement. The property offers residents spacious homes each equipped with large living areas and kitchen spaces, private backyards or upstairs balconies, large bedrooms with large closets and an on-site card-operated laundry facility.

Major Capex Items Recently Completed Current ownership has recently invested heavily in major capex items and infrastructure. Last year, the property’s main water supply and sewer lines were completely replaced as well as five of the HVAC package units. In the past several years, ownership replaced all electrical circuit breaker panels (25 total) and installed a new roof that comes with a transferable warranty (5-year labor/30-year manufacturer).

Booming North Austin Submarket Oakhurst Townhomes are located in north central Austin, one of the highest growing submarkets in the city. Major nearby projects like The Domain and Mueller as well as significant development along the Burnet and North Lamar corridors have driven substantial growth in rental rates and home values. Residents at the Property have direct access onto Austin’s major transit corridors including Highway 183, Mopac and Interstate 35 offering convenient mobility to anywhere in the city.

183 43 20 49 4 32 29 34 1 19 38 16 40 30 1-MILE 3-MILE 5-MILE 2 46 44 1 35 130 290 42 OAKHURST STAPLES ROAD TOWNHOMES 39 360 3 290 24 183

290 25 47

15 13 31 130 12 45 8 35 360 1 35 48 183 22

AREA MAP

ENTERTAINMENT & MUSEUMS 13 Heart Hospital of Austin 25 Capital Plaza 40 West Anderson Plaza 1 Alamo Drafthouse Cinema Village 14 St. David's North Austin Medical Center 26 Costco Wholesale 41 Whole Foods Market 2 Capitol City Comedy Club 15 Seton Medical Center Austin 27 Gateway Shopping Centers PARKS & RECREATION 3 Dart Bowl 16 VCA Northwest Hills Animal Hospital 28 Great Hills Market 42 Austin Country Club 4 Jourdan-Bachman Pioneer Farms EDUCATION 29 H-E-B 43 Bull Creek Park 5 K1 Speed - Indoor Go Karts 17 Austin Community College: 30 Northcross Mall 44 “Gus” L. Garcia Recreation Center 6 Oskar Blues Brewery Austin Northridge Campus 31 Mueller Regional Retail Center 45 Little Walnut Creek Greenbelt 18 7 Regal Gateway & IMAX J. J. Pickle Research Campus, UT Austin 32 PetSmart 46 North Austin Rock Gym 19 8 Spider House Cafe and Ballroom Juan Navarro High School 33 Shops at Tech Ridge 47 Mayfield Park and Nature Preserve 20 9 Topgolf Le Tourneau University 34 Target 48 Morris Williams Golf Course 21 10 Urban Air Trampoline and Park University Campus Center in 35 Texas Farmers' Market at Mueller 49 Quail Creek Neighborhood Park Adventure Park Austin, TX 36 The Domain 50 St. Edward's Park HEALTHCARE 22 The University of Texas at Austin 37 The Shops at Arbor Walk 51 Walnut Creek Metropolitan Park 11 Ascension Seton Northwest SHOPPING 38 Walgreens 12 Dell Children's Medical Center of 23 Arboretum Plaza 39 Walmart Supercenter Central TX 24 Burlington

INVESTMENT SALES DEBT & STRUCTURED FINANCE

J.R. ELLIS JUSTIN CHAMBERS DANIEL HARTNETT Senior Director Investment Associate Director 512.399.6945 512.262.4758 469.453.0194 [email protected] [email protected] [email protected] TX 609411 TX 728098

Greysteel | 111 Congress Avenue | Suite 400 | Austin, TX 78701 512.985.9444 | www.greysteel.com

Texas License 9003023 Doug Banerjee | TX Designated Broker | License 617101

For more information or to inquire about Greysteel, please contact Ari Firoozabadi, CEO | [email protected] | 202.417.3873 Offices Nationwide | License Information and Online Disclosures Texas Real Estate Commission Information About Brokerage Services | Texas Real Estate Commission Consumer Protection Notice

Greysteel, seller, and their respective representatives make no representations or warranties, express or implied,regarding the accuracy or completeness of the information in this Offering. All references to acreage, square footage, distance, and other measurements are approximations and must be independently verified. Prospective purchasers shall be responsible for performing their own independent due diligence with respect to a possible transaction. This Offering is subject to prior placement, withdrawal, cancellation or modification without notice.