Situated in the Epicenter of the Economic Boom on the Gulf Coast

Located near the Ship Channel and with Excellent Access to the

Opportunity to Acquire the Newly Renovated, 56 Unit Class B+ Multi- Verve Apartments Family Asset in a Prime Baytown Location!

KET Enterprises Incorporated I 1770 St. James Place, Suite 382 I Houston, TX 77056 I 713.355.4646 I www.ketent.com THE VERVE 3201 GARTH RD BAYTOWN, TX 77521

The Verve • 3201 Garth Road • Baytown, TX 77521

Asking Price $4,400,000 Units: 56 Price Per Unit $78,571 Avg Size: 827 Price Per Sq. Ft. $94.97 Date Built: 1963 Terms ALL CASH Rentable Sq. Ft.: 46,328 Acreage: 2.43 Occupancy: 88% Class: B++

INVESTMENT HIGHLIGHTS ► Blue/White Collar Profile ► Brick and Stucco Construction ► There is Tremendous Economic Growth in Baytown ► Exterior Renovations Completed - $1.36M ► Interior Renovations Completed - $700K ► Excellent School District - This is a Strong Plus! ► Ideal for Long Term Cash Flow! ► Rents are Rising! ► The is Expanding ► The Ship Channel Will Add Approximately 100,000 jobs! ► Property Did NOT Flood During Hurricane Harvey Available All Cash or On An Assumption Basis for ► $4,250,000

PLEASE CALL FOR MORE DETAILS:

TOM WILKINSON Broker/Vice President [email protected] 713-355-4646 ext 102

KET Enterprises Incorporated I 1770 St. James Place, Suite 3802 I Houston, TX 77056 I 713.355.4646 I www.ketent.com The Verve • 3201 Garth Road • Baytown, TX 77521

Physical Information Financial Information Existing Loan Parameters Operating Information

Number of Units 56Asking Price $4,400,000 Mortgage Balance $3,515,000Est Mkt Rent (Apr-21) $52,696 Avg Unit Size 756Price Per Unit $78,571Amortization (months) 360 12 Mo Avg $47,828 Net Rentable Area 46,328Price Per Sq. Ft. $94.97 Debt Service $223,860 Physical Occ (May-21) 88% Land Area (Acres) 2.43Stabilized NOI $295,671 P & I $18,655 Est Ins per Unit per Yr $434 Units per Acre 23.041 Stabilized Value Capped @ 5.5% $5,375,830 Interest Rate 4.90% Property Tax Information Date Built 1963 Est Rehab/Upgrade @ $/unit $0 Date Due Sept 2024 2020 Tax Rate/$100 2.97054 Water Meter / Master RUBS Est. Entrepreneurial Profit $0 Est Res for Repl/Unit/Yr $300 2020 Tax Assessment $4,708,337 Elec Meter RUBS Est. Carry to Stabilization $0 Yield Maintenance Yes 2020 Est Taxes $139,863 Roof Style Pitched Calculation of Value $5,375,830 Est Future Tax Assessment $2,940,000 A/C Type: HVAC-Indiv Est Future Taxes $87,334

Property Tax Assessment Under Protest! INCOME MODIFIED ACTUALS PRO-FORMA PRO-FORMA INCOME Current Street Rent with a % Increase 632,352 $52,696 / Mo Estimated Gross Scheduled Income 632,352 $52,696 / Mo Estimated Loss to Lease (3% of Total Street Rent) (1,500) 3% Estimated Vacancy (7% of Total Street Rent) (44,265) 7% Estimated Concessions and Other Rental Losses (4% of Total Street Rent) (25,294) 4% Estimated Utilities Income 63,408 $1,132 / Unit / Yr Estimated Other Income 28,644 $512 / Unit / Yr Estimated Total Rental Income 653,345 ESTIMATED TOTAL PRO-FORMA INCOME 653,345 $54,445 / Mo

April 2021 Income Annualized $573,933

EXPENSE Apr 2021 YTD Expenses Estimated Expenses Fixed Expenses Fixed Expenses Estimated Fixed Expenses Taxes $141,396 $2,525 per Unit 4/21 operating statement $87,334 $1,560 per Unit 2020 Tax Rate & Future Assessment Insurance $24,294 $434 per Unit $24,294 $434 per Unit Estimated Total Fixed Expense 165,690$2,959 per Unit 111,628 $1,993 per Unit Utilities Utilities Estimated Utilities Electricity $36,045 $644 per Unit $36,045 $644 per Unit Water & Sewer $45,462 $812 per UnitNeed Water Saving Devices $34,199 $611 per Unit Trash Removal $7,740 $138 per Unit $5,822 $104 per Unit Telephone $3,384 $60 per Unit $2,546 $45 per Unit Gas $9,030 $161 per Unit $9,030 $161 per Unit Utility Billing Fee $2,304 $41 per Unit $2,304 $41 per Unit Total Utilities 103,965 $1,857 per Unit89,946 $1,606 per Unit

Other Expenses Other Expenses Estimated Other Expenses General & Admin & Marketing $12,027 $215 per Unit $19,600 $350 per Unit Repairs & Maintenance $25,389 $453 per Unit $22,400 $400 per Unit Labor Costs $79,284 $1,416 per UnitVery High $72,800 $1,300 per Unit Contract Services $0 $ per Unit $0 $ per Unit Management Fees $19,2003.35% $343 per Unit $24,500 3.75% $438 per Unit Total Other Expense 135,900$2,427 per Unit 139,300 $2,488 per Unit

Total Operating Expense 405,555$7,242 per Unit 340,875 $6,087 per Unit

Reserve for Replacement 16,800$300 per Unit 16,800 $300 per Unit

Total Expense 422,355$7,542 per Unit 357,675 $6,387 per Unit Net Operating Income (Actual Underwriting) 151,578 295,671

Asking Price 4,400,000 "As Is"4,400,000 "All In" Price Cap Rate 3.44% 6.72% Existing Debt 3,515,000 3,515,000 Equity 885,000 885,000 Estimated Debt Service 223,860 223,860 Cash Flow (72,282) 71,810 Cash on Cash -8.17% 8.11%

NOTES: ACTUALS: Income and Expenses were calculated using owner's 4/21 operating statement. PRO FORMA: Income is Pro Forma as Noted. Taxes were calculated using 2020 Tax Rate & Future Assessment. Insurance is estimated. Management Fees calculated as 3.8% of Gross Income, Other expenses are Estimated for the Pro Forma.

DISCLAIMER: The information contained herein has been obtained from sources that we deem reliable. We have no reason to doubt the accuracy of the information, but we have not verified it and make no guaranty, warranty or representation about it. It is your resonsibility to independently confirm its accuracy and completeness. We have not determined whether the property complies with deed restrictions or any city licensing or ordinances including life safety compliance or if the property lies within a flood plain. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME OR EXPENSE AND PERFORM OR HAVE PERFORMED ANY INSPECTIONS TO VERIFY POSSIBLE CONTAMINATION BY ASBESTOS, LEAD PAINT, MOLD OR ANY OTHER HAZARDOUS SUBSTANCES. The owner reserves the right to withdraw this listing or change the price at anytime without notice during the marketing period. 6/10/2021 VerveBaytown The Verve • 3201 Garth Road • Baytown, TX 77521 2020 KET RENT COMPARABLE TAX ANALYSIS

Property Address Yr Built Units Impr Sq.Ft. Impr Value Impr Value/Unit Impr Value/Sq.Ft.

1 Blue Bird 510 Williams 1965 67 52,967 $5,412,184 $80,779 $102.18 451440010004 2 Hunt Garden (HAP) 800 Hunt Rd 1984 100 75,480 $4,994,822 $49,948 $66.17 0591500190059

3 Providence at Baytown 1711 James Bowie 1969 184 159,971 $8,754,712 $47,580 $54.73 0410740020006 4 Bay Oaks 1700 Bob Smith 1978 146 67,924 $5,227,150 $35,802 $76.96 0450130020205 5 Cedar Ridge 2900 W Baker 1982 276 122,316 $7,260,000 $26,304 $59.35 0451440010004 The Verve 3201 Garth Road 1963 56 45,850 $4,708,337 $84,077 $102.69

Averages 1974 138 89,806 $6,059,534 $54,082 $77.01 The Verve • 3201 Garth Road • Baytown, TX 77521 Keymap: 501P Building Quality: B++ PROPERTY INFORMATION AMENITIES TAXING AUTHORITY - HARRIS COUNTY Age: 1963 Access Gates Park & Ride Nearby Mortgage Balance $3,515,000 ACCT NO: 0451440020135 Elec Meter: RUBS Cable Ready Walk-In Closets Amortization 30 yr Goose Creek ISD 1.341100 A/C Type: HVAC-Indiv Club House School Bus Pick-up P & I $18,655.04 Harris County 0.391160 Water: RUBS Laundry Rooms Shuttle Route Type Freddie Mac Harris County Flood Control 0.031420 Wiring: Copper? Mini Blinds Patios/Balconies Assumable Yes Port of Houston Authority 0.009910 Roof: Pitched Bookshelves Courtyards Monthly Escrow Harris County Hospital District 0.166710 Paving: Asphalt Outside Storage Origination Date 8/1/2019 Harris County Education Dept 0.004993 Materials: Brick/Stone Ceiling Fans Due Date Sept 2024 Lee Jr College 0.230100 # of Stories: 2 Interest Rate 4.90% City of Baytown 0.795150 Parking: 85 Spaces Prepayment Penalty 5%: 1% stepdown (5,4,3,2,1) HCAD NRA 45,850 Buildings: 5 Yield Maintenance 2020 Tax Rate/$100 $2.9705 Units/Acre: 23.22 *In Select Units Transfer Fee 1%+app+legal 2020 Tax Assessment $4,708,337

PROPERTY HIGHLIGHTS COLLECTIONS

The Verve Apartments, is a two story, garden-style, apartment community located in the Baytown submarket, east of Houston. The asset was built in 1963 and per owner, was massively rehabbed in 2017. Residents enjoy ample amenities which include: mini-blinds, kitchen pantries, ceiling fans, laundry facilities, patios and balconies and walk-in closets.

Lots of new refinery jobs in Baytown due to a heavy expansion in the plants. $14 billion alone is Total$ 551,951 allocated for Exxon. Reportedly there are 14,000 new workers at Exxon alone. May 2020$ 39,390 3 Mo Avg$ 41,334 A Major Exterior and Interior Rehab was completed in 2017. The exterior rehab included the total remodel, down to the studs, of the Leasing Office. In addition, Building 1 received a new roof, June 2020$ 34,283 solar screens were added to the property, new signage, major landscaping improvements as well July 2020$ 49,478 as improvements to the plumbing, fencing, and parking lot improvements at a cost of Aug 2020$ 49,102 6 Mo Avg$ 46,000 approximately $1.36 million. Major improvements were also done to the interior of the units some Sept 2020$ 50,927 of which include new appliances, lighting, hardware, mirrors, cabinets, interior doors, flooring, 2 Oct 2020$ 52,771 tone paint, refloating of the kitchen and bathrooms, tile, window blinds and some plumbing Nov 2020$ 51,651 9 Mo Avg$ 47,644 upgrades at an approximate cost of $12,500/unit for a total interior rehab of approximately $700K. Dec 2020$ 51,728 The property is sub-metered for electricity but they are not being utilized. The current owner uses Jan 2021$ 48,619 a Capped RUBS for electricity. Electric capped at: 1 BR - $84; 2 BR - $100; 3 BR - $150 Feb 2021$ 33,242 12 Mo Avg$ 47,828 Mar 2021$ 47,889 Water and Gas are on a RUBS with no Cap. Trash and Pest Control are billed back at a fee of $8 Apr 2021$ 42,870 for Trash and $3 for Pest Control.

The broker feels this property has excellent rental upside and is ideal for a long term hold! This asset will appeal to the first time buyer market!

The operating expenses seem much higher than normal! See notes on Pro-Forma!

Seller is asking $4,400,000 all cash or $4,250,000 if loan is assumed. All offers must be submitted by June 15, 2021.

PLEASE DO NOT VISIT THE SITE WITHOUT AN APPOINTMENT MADE THROUGH THE BROKER.

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$‐ The Verve • 3201 Garth Road • Baytown, TX 77521 Unit Mix UNIT MIX APRIL 2021 Market Type No. Units Sq Ft Total SqFt Total Rent Rent/SF Rent

1 Bed/1 Bath 20 620 12,400 $799 $15,980 $1.29 2 Bed/1 Bath 34 920 31,280 $999 $33,966 $1.09 3 Bed/2 Bath 2 1,324 2,648 $1,375 $2,750 $1.04

56 827 46,328 $1,058 $52,696 $1.14 Total Average Total Sq. Average Average Rent/ TOTALS AND AVERAGES Total Rent Units Sq. Ft. Feet Rent/Unit SF

2 unit amenities site amenities Unit Types 20 1 Bed/1 Bath  Wood‐Style Flooring  Exterior Lounge with Two Sided Fireplace 2 Bed/1 Bath  Fully Equipped Business Center  Faux Granite Countertops 3 Bed/2 Bath  New Appliances  BBQ Areas with Shady Arbors 34  New Cabinets  Resident Lounge with TV  Digital Thermostats  Covered Parking  Upgraded Light Fixtures  Attractive Location 620 Unit Sizes  Ceiling Fans  Immediate Access to Garth Road  Walk‐In Closets  Boutique Resort Style Community 1,324 1 Bed/1 Bath 2 Bed/1 Bath 3 Bed/2 Bath 920 The Verve • 3201 Garth Road • Baytown, TX 77521 The Verve • 3201 Garth Road • Baytown, TX 77521 The Verve • 3201 Garth Road • Baytown, TX 77521 The Verve • 3201 Garth Road • Baytown, TX 77521 The Verve • 3201 Garth Road • Baytown, TX 77521 The Verve • 3201 Garth Road • Baytown, TX 77521 The Verve • 3201 Garth Road • Baytown, TX 77521 The Verve • 3201 Garth Road • Baytown, TX 77521 Location The Verve • 3201 Garth Road • Baytown, TX 77521 Aerial The Verve • 3201 Garth Road • Baytown, TX 77521 Rent Comparables

RENT COMPARABLES (2021 ADS)

Property Name Yr Blt Occ #Units Avg SF Avg RentEWG P/SF

1 Blue Bird 1965 93% 67 678 $864 EW 1.274 510 Williams

2 Hunt Garden (HAP) 1984 96% 100 755 $809EW 1.072 800 Hunt Rd

3 Providence at Baytown 1969 99% 184 860 $894 EW 1.039 1711 James Bowie

4 Bay Oaks 1978 84% 146 838$860 EW 1.026 1700 Bob Smith

5 Cedar Ridge 1982 91% 276 806 $920 EWG 1.141 2900 W Baker Resident Pays E(Electricity), G(Gas), W(Water) Totals/Avges Comps 1976 93% 155 787 $874 1.110 The Verve 1963 88% 56 827 $1,058+EWG $1.14 3201 Garth Sub-Market Averages(Baytown) 85% 11,205 863 $915 1.060 Houston Market Avgs 89% 684,821 885 $1,038 1.170

THE VERVE 2 APARTMENTS

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3 1 The Verve • 3201 Garth Road • Baytown, TX 77521 Sales Comparables

SALES COMPARABLES

Property Name Date Sold Price Sq. Ft. Price/Unit Price/SFBuilt Units

1 Kiera Bella 04/01/18 $12,600,000 165,104 $70,000 $76.32 1976 180 3400 Shady Hill

2 Riverwalk 06/01/19 $9,100,000 93,788 $87,500 $97.03 1985 104 450 Normandy

3 Raintree 04/01/19 $19,000,000 203,368 $76,613 $93.43 1985 248 3300 Rollingbrook

4 Sandridge I & II 01/29/19 $40,320,000 386,252 $80,000 $104.39 1981 504 4025 Burke

5 Skylar Townhomes 08/01/19 $1,545,000 17,795 $96,563 $86.82 1977 16 1017 Skylark

Totals/Averages Comps $16,513,000 173,261 $82,135 $91.60 1981 210

The Verve $4,400,000 46,328 $78,571 $94.97 1963 56 3201 Garth

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THE VERVE 5 APARTMENTS

4 Baytown, TX

Baytown is located apparoximately 23 miles east of downtown Houston, just acrosss the Fred Hartman Bridge. Baytown is part of the Houston Metropolitan Statistical Area (MSA). It is boarded on the south and the west by and bordered on the east by Cedar Bayou. Baytown is the third largest city in Harris County and is easily accessible via I‐10, Hwy 146 and the Grand Parkway (Hwy99). The city's location has encouraged a successful and diverse blend of employment opportunities and recreational activities centered on the area's waterways. With a booming economy Baytown is experiencing unprecedented growth in industry, retail, and housing. The city has maintained high quality of life while becoming a major center for economic growth in the Houston MSA. Excellent Location for Business, Trade and Recreation

The commute from Baytown into Houston is the easiest among all of Houston's surrounding communities. The two major access arteries, I‐10 and Hwy 225 are easily approached from the Fred Hartman Bridge.

Baytown is strategically located to offer the best of all worlds for transporting industrial products. Over‐the‐road transportation is facilitated by the city's location on I‐10, a major highway across the southern U.S. that provies easy access to major north and south arteries. The Fred Hartman Bridge allows access to the many chemical processing plants along the Houston Ship Channel. The eight‐lane bridge acaross the Houston Ship Channel has instantly accessed Baytown to every major trucking line serving the Houston area and accommodates approximately 200,000 cars daily. The city's location along the Houston Ship Channel and Trinity Bay provides access to the Port of Huston, a major world port and employer of the city. Area Development

San Jacinto Methodist Hospital ‐opened its new observtion unit, which is the first part of its $100 million expansion project at 4401 Garth Rd. The expansion is comprised of three major projects, an 85,000 sf outpatient facility, a 20‐bed observation units, and a new emergency room with 45 treatment rooms and a three story tower. Both phases of the new emergency room and the outpaitent facility went on‐line fall 2019.

ExxonMobil ‐ In July 2018, ExxonMobil announced operations commenced for its new 1.5 million ton‐per‐year ethane cracker at the Baytown complex. The new cracker is part of the ExxonMobil's Growing the Gulf initiative. ExxonMobil's officials also announced plans for a $1.9 billion expansion of its polymer manufacturing which would begin in 2021 and end of 2023 bringing jobs to area with an average pay of $63K annually.

Thompson 10 Logistics Center ‐ Investment & Development Ventures LLC and Sealy & Co. broke ground on a 390,000 SF speculative development on 26.86 acres in Baytown. The development, known as Thompson 10 Logistics Center is expected to generate "ample interest' from third‐party logistics companies, petrochemical‐related companies and e‐commerce companies. The development will be comprised of two buildings: one building will contain 130,074 SF of space, while the other will contain 260,148 SF of space. Area Development

Plastic Bagging & Packaging ‐ a new distribution center is being developed in the Cedar Port Industrial Park on the Grand Parkway in Baytown. Trammell Crow Co. and partner Artis REIT have started building a 519,224 SF, rail‐served distribution facility for the global provider of plastic bagging materials and packaging services. The building is located at 5055 E. Grand Parkway South, Baytown, TX.

Conestro New Polyurethane Plant ‐ German polymers and materials manufacturer Covestro are contructing a new $1.7 billion plant for methylene diphenyl isocyanate (MDI) in Baytown, TX. The company said the project represents its largest investment in its history. The new facility should become operational in 2024. Covestro is actively investing in expanding MDI production across its footpring.

JSW Steel (USA) ‐ Broker ground 2018 on its new $250 million melt and manufacture steel plate mill located at 5200 E McKinney Rd. in Baytown. In addition, the company will be modernizing the existing JBaytown Mill as part of its $l billion spending plan. The expansion will be completed in phases. The first phase is expected to be complete in 2020. The expansions expects to create 500 new jobs. The plant already employs 350 people. Area Development

San Jacinto Market Place ‐Fideliswas given $26 million in incentives by the City of Baytown for its redevelopment efforts in Baytown's . Fidelis demolished the old Montgomery Ward and Bealls buildings in 2019. The new concept will be rebranded as San Jacinto Marketplace. Completion in expected in 2020. San Jacinto Marketplaceisexpectedtohavean estimated regional economic impact of $70 million to $210 million.

Baytown Crossings Development ‐ Friendswood Development Co. has started building a master‐planned community in Baytown that will bring more than 1,400 new homes to the area. The new development will span 514 acres at Garth and Wallisville roads. It follows the completion of Friendswood's Bay River Colony in Baytown. Many of the homes will be priced between $100,000 and $300,000.

LodgeatPineCreek‐ ‐based Abby Development has begtun work on the Lodge at Pine Creek, a 217 unit seniors' housing project in Baytown. The community will offer independent living and memory care services. The 17‐acre, resorst style property, located near the intersection of Hunt Rd. and Garth Rd. will feature amenities such as a a stocked fishing lake, walking trails, movie theaters, a pool, salon, fitness center, a pharmacy and a general store. Completion is slated for the last quarter of 2020. Area Attractions

Pirates Bay Calypso Cove

Wetlands Education Center San Jacinto Monument Battleship Texas Museum

Fred Hartman Bridge Jenkins Park Turning Basin Terminal Gulf Equities

Beichhold G.B. Bio Sciences Atofina Chemicals Texas Olefins Port at Green Bayou Enichem Merisol Ashland Chemical Phone Poulenc Texas Eastern Albemarle Ethyl Advanced Aeromatics KTN BP Chemical Greens Port Industrial MEMC Park Care Terminal

Fornax Bayer Corp. Woodhouse J. Jennings Investments Bayer Corp. Creech Terminal Booth Baytown Refinery Yard SNF FloMin 4,300 Employees Distribution Center

Cedar Crossing Industrial Park Brady Lyondell Island Citgo Distribution Center Pasadena THE VERVE Manchester Refinery APARTMENTS Yard

Texas Petro Global Octanes Millennium Chemical Clean Harbors Environmental Linde Air Products Jindal Steel Degussa Gulbrandsen Clark Dietrich Bldg Lubrizol Sunoco Chemicals Systems Rohn & Haas Azko Nobel Samson Controls BP Solvay Bailey Steel Atofina Petrochemicals Metton

When 180 mile State Highway 99, also known as the Grand Parkway , is complete, it will be the longest beltway in the Union Pacific Railroad U.S., and the third (outer) loop within Houston‐The Woodlands‐Sugarland metropolitan area, with Interstate 610 being the first (inner) loop, and Beltway 8(Sam Houston Tollway) being the second (middle) loop. The Verve • 3201 Garth Road • Baytown, TX 77521 Demographics

SUMMARY PROFILE 2000-2010 Census, 2016 Estimates with 2021 Projections Calculated using Proportional Block Groups

1 Mile 2 Mile 3 Mile 1 Mile Radius Radius Radius Radius

2016 Estimated Population 10,508 36,474 64,612 2021 Projected Population 12,446 41,236 72,411 2010 Census Population 9,288 33,272 60,611 2000 Census Population 8,921 30,469 57,056

Projected Annual Growth 2016 to 2021 3.7% 2.6% 2.4% Historical Annual Growth 2000 to 2016 1.1% 1.2% 0.8%

2016 Median Age 33.4 32.2 32.1

2016 Estimated Households 4,317 13,569 23,278 2021 Projected Households 5,103 15,308 26,010 2010 Census Households 3,653 11,898 21,049 White Black Asian Other Hispanic 2000 Census Households 3,378 11,117 20,183

Projected Annual Growth 2016 to 2021 3.6% 2.6% 2.3% HOUSEHOLDS Historical Annual Growth 2000 to 2016 1.7% 1.4% 1.0%

2016 Estimated White 53.6% 56.0% 58.3% 2016 Estimated Black or African American 22.1% 19.9% 17.4% 2016 Estimated Asian or Pacific Islander 3.5% 2.8% 2.2% 2016 Estimated American Indian or Native Alaskan 0.5% 0.6% 0.6% 2016 Estimated Other Races 20.2% 20.7% 21.5%

2016 Estimated Hispanic 39.7% 45.4% 48.1% RACE AND ETHNICITY AND ETHNICITY RACE POPULATION

2016 Estimated Average Household Income $58,483 $58,030 $58,509 Non‐Hispanic Hispanic 2016 Estimated Median Household Income $45,770 $47,830 $48,328 2016 Estimated Per Capita Income $24,100 $21,652 $21,123 INCOME AVERAGE INCOME - 1 MILE RADIUS 2016 Estimated Elementary (Grade Level 0 to 8) 7.7% 11.7% 13.1% 2016 Estimated Some High School (Grade Level 9 to 11) 14.2% 12.8% 13.4% $80,000 $72,073 2016 Estimated High School Graduate 24.4% 26.9% 26.4% $70,000 2016 Estimated Some College 27.5% 27.2% 26.4% $58,483 2016 Estimated Associates Degree Only 10.4% 8.3% 7.8% $60,000 (AGE 25+)

EDUCATION 2016 Estimated Bachelors Degree Only 9.7% 8.3% 8.3% $50,000 2016 Estimated Graduate Degree 6.0% 4.9% 4.6% $40,000

$30,000 2016 Estimated Total Businesses 682 1,702 2,432 2016 Estimated Total Employees 8,637 17,602 25,621 $20,000 2016 Estimated Employee Population per Business 12.7 10.3 10.5

BUSINESS $10,000 2016 Estimated Residential Population per Business 15.4 21.4 26.6 $0 Subject Houston The Verve • 3201 Garth Road • Baytown, TX 77521 Flood Plain Map

THE VERVE

PLEASE VERIFY The Verve • 3201 Garth Road • Baytown, TX 77521 The Verve • 3201 Garth Road • Baytown, TX 77521 T H E V E R V E Water Mill ● 6505 Westheimer A P A R T M E N T H O M E S

D I S C L A I M E R & N O N-E N D O R S E M E N T N O T I C E

Disclaimer: The information contained in this Memorandum reflects material from sources deemed to be reliable, including data such as operating statements, rent rolls, etc. However, we (KET Enterprises Incorporated or any of the owners or officers, directors, employees, agents or representatives of any such entities) have not verified its accuracy and make no guarantee or representation about it. It is submitted subject to the possibility of errors, omissions, change of rental or other conditions. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. We make no representations or warranties, expressed or implied, as to the validity, accuracy or completeness of the information provided or to be provided, and nothing herein shall be deemed to constitute a representation, warranty or promise by any such parties as to the future performance of the Property or any other matters set forth herein. You and your tax and legal advisors should verify the information and rely on his accountants or attorneys for legal and tax advice. Rates of return vary daily. No representations are made concerning environmental issues, if any.

Non-Endorsement Notice: KET Enterprises Incorporated is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by KET Enterprises Incorporated or any of the owners or officers, directors, employees, agents or representatives of any such entities, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY

FOR INFORMATION PLEASE CONTACT:

TOM WILKINSON Broker/Vice President KET Enterprises Incorporated [email protected] 713-355-4646 ext 102

KET Enterprises Incorporated

1770 St. James Place I Suite 382 I Houston, Tx 77056 www.ketent.com Broker License #0406902