OFFERING MEMORANDUM CBRE CAPITAL MARKETS CORNER BAKERY CAFE | SPRINT

1410 PRECINCT LINE RD | HURST, TX 76053 CORNER BAKERY CAFE | SPRINT 1410 PRECINCT LINE RD | HURST, TX 76053

OFFERING SUMMARY

$ % Offering Price: Cap Rate: $3,962,000 5.90%

NET OPERATING INCOME $233,768

PRICE PER SQ FT $713.26

GROSS LEASABLE AREA 5,555 SF

OCCUPANCY 100.00%

LAND AREA .97 ACRES

YEAR BUILT 2017

EXCLUSIVE MARKETING ADVISORS: JARED AUBREY MICHAEL AUSTRY SENIOR VICE PRESIDENT VICE PRESIDENT +1 214 252 1031 +1 214 252 1115 [email protected] [email protected]

2 CORNER BAKERY CAFE | SPRINT 1410 PRECINCT LINE RD | HURST, TX 76053

INVESTMENT HIGHLIGHTS

+ New 2017 Construction, Shadow Anchored by Target - Beautiful high-quality facade and buildout

+ 100% Occupied with New Corporate Long-Term Leases – All leases have remaining terms of 10 years each with both tenants now open

+ Triple Net Leases – Allow an investor to have limited landlord responsibilities and ease of management

+ Located in Affluent Dallas|Fort Worth Suburb - Average household income is over $92,669, well above the national average

+ Huge Traffic Counts, Located Just Off Hwy 183 - Over 188,429 VPD on Hwy 183 and over 23,000 VPD on Precinct Line Road

+ Strategically Situated within the DFW metroplex - Located approximately 20 minutes northeast of downtown Fort Worth and 30 minutes west of Downtown Dallas

+ Densely Populated Submarket - Currently over 439,334 in a 7-mile radius

+ Dense Retail Corridor – Surrounding retailers include Target, Starbucks, Pei Wei, AT&T, Wells Fargo, McDonald’s, Potbelly Sandwich Shop, Slim Chickens, Outback Steakhouse, Brident Dental, In-N-Out Burger, and many more

+ Texas has NO State Income Tax

3 CORNER BAKERY CAFE | SPRINT 1410 PRECINCT LINE RD | HURST, TX 76053

TENANT ROSTER



LEASE LEASE ANNUAL BASE LEASE TENANTS SF GLA % COMMENCEMENT EXPIRATION RENT TOTAL TYPE

CORNER BAKERY CAFE 3,305 59.50% FEBRUARY 2018 FEBRUARY 2028 $143,768 NNN

SPRINT 2,250 40.50% DECEMBER 2017 NOVEMBER 2027 $90,000 NNN

TOTAL OCCUPIED 5,555 100.00% $233,768

4 CORNER BAKERY CAFE | SPRINT 1410 PRECINCT LINE RD | HURST, TX 76053

PROPERTY AERIAL | 2 MILE VIEW

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PROPERTY AERIAL | .5 MILE VIEW

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HOUSING STUDY | 5 MILE VIEW

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PROPERTY OBLIQUE AERIAL | NORTHEAST VIEW

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PROPERTY OBLIQUE AERIAL | NORTH VIEW

9 CORNER BAKERY CAFE | SPRINT 1410 PRECINCT LINE RD | HURST, TX 76053

SURROUNDING RETAIL

10 CORNER BAKERY CAFE | SPRINT 1410 PRECINCT LINE RD | HURST, TX 76053

TENANT INFORMATION

Corner Bakery Cafe is an American cafe that specializes in TYPE Private pastries, breads, breakfast dishes, gourmet sandwiches, YEARS IN BUSINESS 26 homemade soups, salads, and pasta. The menu offers ingredient-inspired, prepared-to-order food. Each cafe NO. OF LOCATIONS 192 features real kitchens in lieu of assembly lines and hear the chopping of over 40 types of fresh herbs, fruits, and HEADQUARTERS Dallas, TX vegetables, and the sizzle of a real panini grill. Guests can see the open flame and feel the warmth of the ovens working all WEBSITE www.cornerbakerycafe.com day long. These are traditions established years ago and are still passionately followed today. SQUARE FOOTAGE 3,305 SF

% OF CENTER 59.50%

Sprint is an American telecommunications company that TYPE Public provides wireless services and is an internet service provider. YEARS IN BUSINESS 118 Sprint is the fourth largest mobile network provider in the US and serves 54 million customers. The company also offers NO. OF LOCATIONS 4,500+ wireless voice, messaging, and broadband services through various subsidiaries. HEADQUARTERS Overland Park, KS

WEBSITE www.sprint.com

SQUARE FOOTAGE 2,250 SF

% OF CENTER 40.50%

11 CORNER BAKERY CAFE | SPRINT 1410 PRECINCT LINE RD | HURST, TX 76053

IN-PLACE NOI & PRICING SUMMARY

In-Place NOI Mar-18 to Feb-19 $ PSF Size of Improvements 5,555 SF Assumptions: Commencement Date Mar 1, 2018 In-Place Occupancy 100.00% Operating Expense Source Estimated REVENUES Real Estate Taxes Reassessed No Scheduled Base Rent $233,768 $42.08 CAM Reimbursement 17,418 3.14 Notes: INS Reimbursement 11,277 2.03 Operating Expenses: RET Reimbursement 30,147 5.43 a) CY2018 Operating Expenses are estimated at the following rates per the EFFECTIVE GROSS REVENUE 292,610 52.68 seller's budget: Common Area Maintenance of $3.12 PSF, Management Fee of OPERATING EXPENSES 3% of EGR, Insurance of $2.02 PSF, and Real Estate Taxes of $5.40 PSF. Common Area Maintenance (17,418) (3.14) Analysis assumes 3% annual inflation beginning in CY2019. Insurance (11,277) (2.03) b) Analysis does not factor in the Texas Margin Tax and assumes a buyer will Real Estate Taxes (30,147) (5.43) consult with their tax advisor to evaluate their exposure to this expense. TOTAL OPERATING EXPENSES (58,842) (10.59)

NET OPERATING INCOME $233,768 $42.08 Investment Summary: Capitalization Rate 5.90% Annual Debt Service (156,591) (28.19) Leveraged Cash on Cash Return [1] 5.46% CASH FLOW AFTER DEBT $77,177 $13.89 Debt Service Coverage Ratio (NOI) 1.49x Loan Constant 6.08% PURCHASE PRICE AS OF MARCH 1, 2018 $3,962,169 $713.26 Weighted Average Remaining Lease Term (in Years) 9.90 Loan Funding (2,575,410) (463.62) Origination Fee 25,754 4.64 [1] Market Debt based on 65% Loan-to-Value, 4.50% Interest Rate, 30-Year INITIAL EQUITY $1,412,513 $254.28 Amortization, and a 1.00% Loan Fee.

12 CORNER BAKERY CAFE | SPRINT 1410 PRECINCT LINE RD | HURST, TX 76053

EXISTING LEASE EXPIRATIONS

Suite Tenant End 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Thereafter Available 200 Sprint Spectrum Nov-27 2,250 100 Corner Bakery Cafe Feb-28 3,305

Totals: 0 0 0 0 0 0 0 0 0 2,250 3,305 0 Percent: 0% 0% 0% 0% 0% 0% 0% 0% 0% 41% 59% 0% Count: 0 0 0 0 0 0 0 0 0 1 1 0 Cumulative SF: 0 0 0 0 0 0 0 0 0 2,250 5,555 5,555 Cumulative %: 0% 0% 0% 0% 0% 0% 0% 0% 0% 41% 100% 100%

Summary of Lease Expirations

100.00% Year Leases SF Percent Cumu. SF Cumu. % 90.00% 2018 0 0 0% 0 0% 80.00% 2019 0 0 0% 0 0% 70.00%

60.00% 2020 0 0 0% 0 0%

50.00% 2021 0 0 0% 0 0%

40.00% 2022 0 0 0% 0 0%

30.00% 2023 0 0 0% 0 0%

20.00% 2024 0 0 0% 0 0% 10.00% 2025 0 0 0% 0 0% 0.00% 2026 0 0 0% 0 0% 2018 2019 2021 2020 2022 2023 2025 2024 2027 2026 2027 1 2,250 41% 2,250 41% Available Thereafter Thereafter 1 3,305 59% 5,555 100% Annual Cumulative Available 0 0 0% 5,555 100%

13 CORNER BAKERY CAFE | SPRINT 1410 PRECINCT LINE RD | HURST, TX 76053

RENT ROLL AS OF 3/1/2018

Square % of Lease Term Rental Rates Recovery Suite Tenant Name Feet Property Begin End Begin Monthly Annually PSF Type Comments/Options

100 Corner Bakery Cafe 3,305 59.50% Feb-2018 Feb-2028 Current $11,981 $143,768 $43.50 NNN (+10% Analysis assumes tenant's rent Mar-2023 $13,179 $158,144 $47.85 Admin Fee) commencement date will be 02/25/18. Four 5 year renewal options @ annual rates of $52.64, $57.90, $63.69, and $70.06. 5% cap on prior year CAM excluding SEC, TRSH, SNOW, UTIL, INS, and RET. 200 Sprint Spectrum 2,250 40.50% Dec-2017 Nov-2027 Current $7,500 $90,000 $40.00 NNN (+10% Analysis assumes tenant's rent Dec-2022 $8,250 $99,000 $44.00 Admin Fee) commencement date will be 12/01/17. Two 5 year renewal options @ $48.40 /sf/yr and $53.24 /sf/yr. 8% cumulative cap on CAM excluding TRSH, SNOW, UTIL, INS, and RET.

TOTALS / AVERAGES 5,555 $19,481 $233,768 $42.08

OCCUPIED SqFt 5,555 100.0% VACANT SqFt 0 0.0% TOTAL SqFt 5,555 100.0%

14 CORNER BAKERY CAFE | SPRINT 1410 PRECINCT LINE RD | HURST, TX 76053

SITE DEMOGRAPHICS

DAYTIME POPULATION HOUSEHOLDS

1 MI 15,399 4,679 1 MI

3 MI 101,685 43,514 3 MI

5 MI 231,872 97,226 5 MI

7 MI 439,334 197,139 7 MI

0 100,000 200,000 300,000 400,000 200,000 150,000 100,000 50,000 0

AVERAGE HOUSEHOLD INCOME TRAFFIC COUNTS (2016)

1 MI $64,322 188,429 HWY 183 (AIRPORT FRWY)

3 MI $79,750 28,960 PRECINCT LINE RD

5 MI $88,143 15,210 BEDFORD EULESS RD

200,000 150,000 100,000 50,000 0 7 MI $92,669

0 25,000 50,000 75,000 100,000

15 CORNER BAKERY CAFE | SPRINT 1410 PRECINCT LINE RD | HURST, TX 76053

WHY DALLAS/FORT WORTH?

The Dallas/Fort Worth Metroplex (DFW) is a dynamic 12-county region made up of Dallas, Fort Worth, and another 150 municipalities. The DFW Metroplex is the largest urban agglomeration in Texas and the fourth largest in the United States spanning an area of 9,286 square miles with a population of approximately 6.9 million people. As the fourth fastest growing region in the United States, the DFW population in 2016 is 33.6% higher than in 2000 according to data from Nielsen Claritas; by the year 2030, it is projected that over 10.5 million people will be living in the Metroplex according to the Dallas Regional Chamber. The DFW region is the most economically diverse region in the state of Texas. The GDP of North Texas is estimated to be $447 Billion, and if DFW were its own state it would be the 12th largest in the country, just ahead of Massachusetts. Eighteen Fortune 500 companies have their headquarters in DFW. DFW is connected to the world by the nation’s fourth busiest airport and is served by 55 international flights. DFW has the largest workforce in the state of Texas totaling over 3.3 million people, and 31.4% of the population 25 and older have a bachelor’s degree or higher. In DFW, there are 33 colleges and universities, 157 public school districts and 96 public charter schools, according to the North Texas Commission.

TREMENDOUS JOB GROWTH Dallas/Fort Worth consistently ranks as a top market for job growth over the short and long term due to its central location, pro-business environment and strong economy. Historically a leader with respect to job growth, DFW added 101,000 jobs between November 2014 and November 2015 for a 3.03% growth rate nearly double the national rate of 1.8%. As of January 2016, DFW had an unemployment rate of 3.9% below the national rate of 5.0%.

ECONOMY Bolstered by positive job/population growth, Dallas/Fort Worth continues to outperform the national economy. Dallas/Fort Worth was ranked the No. 3 “Best Performing Economy Through the Recession and Recovery” by the Brookings Institute in April 2014 due to its impressive job growth, low unemployment, high gross domestic product and healthy home prices. The constant stream of new businesses and residents moving to the Metroplex has created a construction boom across the MSA. Forbes ranked DFW the No. 2 “U.S. City with the Most New Construction”. The MSA experienced $16.3 billion in new construction starts between January 2012 and May 2013. In January 2016, construction and mining was the second fastest growing employment sector in DFW, with job growth reaching an impressive 17.8% in 2015. Commercial construction is at a new high with more than 6 million square feet of office space being built in North Texas, 16.5 million square feet of warehouse space in the pipeline and 27,000 rental units being built. Professional and Business Services was the fastest growing sector in DFW growing 18.3% over the past year. Due to this immense growth, the DFW economy reached $486.7 billion in 2015, ranking it 6th in the nation.

16 OUR EMPLOYMENT

OVERALL EMPLOYMENT REMAINS STRONG OUR EMPLOYMENTOUR EMPLOYMENTOUR EMPLOYMENTDiversified economy has helped drive robust job growth. JOBS (MILLIONS) EMPLOYMENT: RECESSIONS: CORNER BAKERY CAFE | SPRINTOUR EMPLOYMENT4.0 1410 PRECINCT LINE RD | HURST, TX 76053 DALLAS/FORTOVERALL EMPLOYMENT WORTHOUR HAS REMAINS THE MOSTOVERALL EMPLOYMENTSTRONG DIVERSE EMPLOYMENT ECONOMY REMAINSOVERALL IN TEXAS STRONG EMPLOYMENT3.5 REMAINS STRONG 9 outDiversified of 10 of the economy major industry has helped supersectors drive robustmake Diversified upjob 17% growth. or less economy of the total has metrohelped economy driveDiversified robust job economygrowth. 3.0 has helped drive robust job growth. WHY DALLAS/FORT WORTH? OVERALL EMPLOYMENT REMAINS STRONG OUR EMPLOYMENT JOBS (MILLIONS) EMPLOYMENT: RECESSIONS: JOBS (MILLIONS) JOBS (MILLIONS) EMPLOYMENT: RECESSIONS:2.5 EMPLOYMENT: RECESSIONS: OTHER INFO Diversified economy has helpedCURRENT drive robust GDP job growth. SERVICES 4.0 4.0 4.0 IN 2015 MINING, LOGGING, 2.0 JOBS (MILLIONS) EMPLOYMENT: RECESSIONS: + CONSTRUCTION TRADE, TRANSPORTATION, W GD 3.5 $485.7 3.5 OVERALL 3.5EMPLOYMENT DF 4.0 P REMAINS STRONG OVERALL EMPLOYMENT REMAINS+ UTILITIES STRONG DFW 1.5 MANUFACTURING MAKES BILLION 3.5 3.0 Diversified3.0 economy has helped drive robust job 3.0growth. 6th UP Source: Bureau 2011 Diversified economy has helped drive1/3 robust job growth.of Economic1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2012 2013 2014 2015 2016 2017 3.0 OF2.5 THE Analysis, 2.5 2.5 STATE’S Source: Bureau of Labor Statistics, May 2017. JOBS (MILLIONS) September 2016. FINANCIAL EMPLOYMENT: GDP RECESSIONS: 2.5 ACTIVITIES Source: BureauJOBS of (MILLIONS) 4.0 2.0 2.0 IN THE 2.0 # EMPLOYMENT% : RECESSIONS: Labor Statistics, May NATION 1 3.5 717,000 120,500 2017. 4.0 2.0 3.5 1.5 1.5 1.5 MARKET FOR EXPANSION OF JOBS ADDED JOBS ADDED PROFESSIONAL + NUMBER OF EMPLOYMENT SINCE 2010 IN 2016 IF DFW 1.5WAS A STATE IF DFW WAS A COUNTRY BUSINESS SERVICES JOBS ADDED BASE IN 2016 2011 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2012 2013 2014 2015 2016 2017 2011 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2012 2013 2014 2015 2016 2017 2011 3.0 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2012 2013 2014 2015 2016 2017 (Not seasonally adjusted) Source: Bureau of Labor Statistics, May 2017. 2011 LEISURE + 3.5 th 1990 1991 1992 1993 1994 1995 1996 LARGEST1997 GDP1998 AND1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2012 2013 2014 2015 2016 2017 Source: Bureau of Labor Statistics, May 2017. Source: Bureau of Labor Statistics, 9May 2017. Source: Bureau of Labor Statistics, May 2017. HOSPITALITY Source: Bureau of Labor Statistics, May 2017.23rd RANK JUST BELOW 2.5 LARGEST GDP TAIWAN # % # 3.0 % #1 3.5#1% 3.5717,000%OUR1 717,0003.5 ECONOMY120,500120,500717,000 120,500 2.0 1 3.5 717,000 120,500 GOVERNMENT MARKET FOREDUCATION EXPANSION + OF JOBSMARKET ADDED FOR EXPANSIONMARKETJOBS OF FOR ADDED EXPANSION MARKETOF JOBS FOR ADDED EXPANSIONJOBS ADDED OF JOBS ADDED JOBS ADDEDJOBS ADDED JOBS ADDED HEALTH SERVICES NUMBER OF EMPLOYMENT SINCENUMBER 2010 OF EMPLOYMENTNUMBERIN OF 2016 EMPLOYMENTNUMBER SINCE OF 2010 EMPLOYMENTSINCE 2010 IN 2016 IN 2016SINCE 2010 IN 2016 JOBS ADDED BASE IN 2016 1.5 JOBS ADDED BASE IN 2016 JOBS ADDED BASE IN 2016 JOBS ADDED BASE IN 2016 2.5 (Not seasonally adjusted) HEALTHCARE Source: Bureau of Labor Statistics,HIGHER May 2017. EDUCATION AIRPORT SYSTEM & LOGISTICS (Not seasonally adjusted) (Not seasonally adjusted) Source: Bureau of Labor Statistics, May 2017.(Not seasonally adjusted) Source: Bureau of Labor Statistics, May 2017. Source: Bureau of Labor Statistics, May 2017. RD BUSIEST AIRPORT 2011 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2012 2013 2014 2015 2016 2017 NOBEL 3 15 MAJOR IN U.S. (DFW Source: Bureau of Labor Statistics, May 2017. 2.0 6 LAUREATES OUR ECONOMY UNIVERSITIES INTERNATIONAL) OUR ECONOMYOUR ECONOMYOUR ECONOMY90 MEMBER # % HOSPITALS 1 OF 7 AIRPORTS HEALTHCARE HIGHER EDUCATION AIRPORT SYSTEM & LOGISTICS45,481 1 1.5 3.5 717,000 120,500• Education, Training, and Library IN THE DALLAS/ GLOBALLY WITH 200+ DIRECT RD BACHELORS, TECHNOLOGYHEALTHCAREMARKET FOR EXPANSION OF HIGHER EDUCATIONHEALTHCAREJOBS ADDED NOBEL•AIRPORT HealthcareJOBS ADDEDHIGHER SYSTEMPractitionersHEALTHCARE EDUCATION and& LOGISTICS FORTAIRPORT HIGHERWORTH SYSTEMEDUCATION3 &BUSIEST LOGISTICS AIRPORT AIRPORT SYSTEM & LOGISTICS DESTINATIONS (DFW INTL) NUMBER OF EMPLOYMENT SINCE 2010 IN 2016 15 MAJORHOSPITAL COUNCIL IN U.S. (DFW MASTERS AND 6 LAUREATESTechnicalRD BUSIEST AIRPORT RD BUSIEST AIRPORT RD BUSIEST AIRPORT NOBELJOBS ADDED BASE IN 2016 NOBEL NOBEL UNIVERSITIES INTERNATIONAL) PHD DEGREES3

3 3 2011 (Not seasonally adjusted) 1990 1991 1992 1993 15 1994 MAJOR1995 1996 1997 1998 • MEMBERInstallation,1999 2000 Maintenance,152001 MAJORand2002 2003 2004 2005 2006 2007 15 2008 MAJOR2009 2010 2012 AWARDED2013 IN 20152014 IN U.S.2015 (DFW2016 • 78 2017 million annual passengers 6 LAUREATES 6 LAUREATES Source:90 Bureau of Labor Statistics,IN6 U.S. MayLAUREATES 2017.(DFW IN U.S. (DFW LABOR FORCE HOSPITALSRepair 45,481 UNIVERSITIES1 OF 7 AIRPORTS INTERNATIONAL)(DFW International + Love Field) #2 MARKET Source: Bureau of Labor Statistics,UNIVERSITIES May 2017. IN THE DALLAS/INTERNATIONAL)UNIVERSITIES INTERNATIONAL)• 370,899 students enrolled MEMBER MEMBER MEMBER• 21,000+ health-relatedBACHELORS, establishments GLOBALLY WITH 200+ DIRECT • 9,600 acres of inland port 90 90 • FORTManagement WORTH 90 FOR TECH HOSPITALS HOSPITALS HOSPITALS• $5.4 billion spentMASTERS on facility AND upgrades DESTINATIONS• 3 of 7 Emerging (DFW INTL)Research 45,481 • HOSPITALComputer COUNCIL and1 OFMathematical 7 AIRPORTS 45,481 1 OF 45,4817 AIRPORTS 1 OF 7 AIRPORTSdesignated as Foreign-Trade Zone IN THE DALLAS/ IN THE DALLAS/ PHD DEGREES OUR“BRAIN GAIN” BACHELORS,IN THE DALLAS/ GLOBALLY WITH 200+ perDIRECT year GLOBALLYBACHELORS, WITH universities200+ DIRECT in Texas pursuing “tier GLOBALLY WITH 200+ DIRECT ECONOMY annual passengers BACHELORS, • 78 million (Alliance Global Logistics Hub) FORT WORTH FORT WORTH • Construction and Extraction FORT WORTH AWARDED IN 2015 DESTINATIONS (DFW INTL) # %DESTINATIONS (DFW• INTL)$52 billion gross medical services DESTINATIONSMASTERS (DFWone” AND statusINTL) WHEN COMPARINGHOSPITAL COUNCIL MASTERSHOSPITAL AND COUNCIL • Personal Care and Service HOSPITALMASTERS COUNCIL AND (DFW International + Love Field) • Top 10 ranked container ports 1 • 21,000+ health-related3.5 establishments • 370,899 students717,000 enrolled 120,500 • 2 of 14 proton beam cancer therapy • 9,600PHD acres DEGREES of inland port JOBS ADDED TO PHD DEGREES • Building, Grounds Cleaning andPHD DEGREES (BNSF Intermodal Facility), HEALTHCARE HIGHER EDUCATION • $5.4 billionAIRPORT spent on• facility 78 upgrades millionSYSTEM annual & passengers LOGISTICS• 3 of 7 Emerging Research • 78 million annual passengers • 78 million annual passengers DEGREES AWARDED MARKETAWARDED FOR IN 2015 EXPANSION OF AWARDEDcenters IN in 2015 the U.S. JOBS ADDED designatedAWARDED as Foreign-Trade IN 2015 JOBSZone ADDED Maintenance universities in Texas pursuing “tier Coordinating nearly 3,000 trucks per year RD(DFWBUSIEST International +AIRPORT Love Field) (DFW International(Alliance + Love Global Field) Logistics Hub) (DFW International + Love Field) • 21,000+NOBEL health-related establishments • 370,899• 21,000+ studentsNUMBER enrolled health-related OF establishments • $52 billion EMPLOYMENTgross• medical Healthcare •services •21,000+ 370,899 Support health-related students enrolled establishmentsone” status SINCE• 2010370,899 students enrolled IN 2016 and 16 intermodal trains per day 15 MAJOR •3 9,600 acres of inland port • 9,600 acres• of Topinland 10 ranked port container ports • 9,600 acres of inland port • $5.4 billion spent on facility upgrades • 3 of 7 Emerging JOBSResearch ADDED • 2 of 14 protonBASE beam• cancerINProtective• 2016 therapy•$5.4 IN Service3 billionofU.S. 7 Emerging spent(DFW on Research facility upgrades • 3 of 7 Emerging Research 6 LAUREATES • $5.4 billion spent on facility upgrades designated as Foreign-Trade Zone designated as Foreign-Trade(BNSF Intermodal Zone Facility), designated as Foreign-Trade Zone centers in the U.S. INTERNATIONAL)Source: North Texas Commission, Dallas/Fort Worth Source: DFW International Airport, Love Field, • 5th largestper yearconcentration of technology- UNIVERSITIESuniversitiesper in(Not year Texas seasonally pursuing “tier adjusted) • Architectureper universitiesyear and Engineering in Texas pursuing “tier universities in Texas pursuingCoordinatingSource: “tier nearly Dallas 3,000Regional trucks Chamber, 2017. MEMBER (Alliance Global Logistics Hub)Hospital Council, 2017. (Alliance Global LogisticsSource: Hub) Bureau of Labor Statistics,(Alliance May Global 2017. Logistics Hub)Hillwood, 2017. related• employees$52 90billion in gross the U.S.medical (162,060 services • one”Office status and Administrative • Arts,• Design,$52one” billion Entertainment, status gross medical Sports, services one” status and 16 intermodal trains per day HOSPITALS • $52 billion gross medical services • Top 10 ranked container ports • Top 10 ranked container ports • Top 10 ranked container ports tech talent total) 45,481 1 OF 7 AIRPORTS • 2 of 14 proton beam cancer therapy • Sales• 2 of 14 proton beam cancer therapy and• Media2 of 14 proton beam cancer therapy IN THE DALLAS/ Source: North Texas Commission, Dallas/Fort(BNSF WorthGLOBALLY Intermodal Facility),WITH 200+ DIRECT (BNSF IntermodalSource: DFW Facility), International Airport, Love Field, (BNSF Intermodal Facility), • 46 coworking spaces BACHELORS, Source: Dallas Regional Chamber, 2017. centers in theFORT U.S. WORTH • Food Preparationcenters in the and U.S. Service Hospital Council, 2017. • CommunitycentersDESTINATIONS and in theSocial U.S. Service (DFW INTL) Hillwood, 2017. MASTERS AND Coordinating nearly 3,000 trucks Coordinating nearly 3,000 trucks 2 Coordinating nearly 3,000 trucks • 26 incubators/acceleratorsHOSPITAL COUNCIL • Transportation and Material Moving • Legal CBRE | WHYDFW? Q117 PHD DEGREES and 16 intermodal trains per day and 16 intermodal trains per day and 16 intermodal trains per day OUR• Production ECONOMY AWARDED IN 2015 • • 78Life, million Physical, annual and passengers Social Science 2 Source:Source: CBRE North Research, Texas 2016;Commission, Dallas Regional Dallas/Fort Worth • Source:Business North and Texas Financial Commission, Operations Dallas/Fort CBRE Worth | WHYDFW•Source: (DFW?Source:Farming, DFW International North International Fishing, Texas Commission, and+ Airport, Love Forestry Love Field) Dallas/Fort Field, Worth Source: DFW International Airport, Love Field, Q117 Source: DFW International Airport, Love Field, Source: Dallas Regional Chamber, 2017. Source: Dallas Regional Chamber, 2017. Source: Dallas Regional Chamber, 2017. Chamber,Hospital 2017. Council, 2017. • 370,899Hospital students Council, enrolled 2017. Hillwood,Hospital 2017. Council, 2017. Hillwood, 2017. Hillwood, 2017. • 21,000+ health-related establishments • 9,600 acres of inland port • 3 of 7 Emerging Research • $5.4 billion spent on facility upgrades designated as Foreign-Trade Zone universities in Texas pursuing “tier per year HEALTHCARE (Alliance GlobalHIGHER Logistics Hub) EDUCATION AIRPORT SYSTEM & LOGISTICS 3 • Q1$5217 billionCBRE gross | WHY medicalDFW services? one” status 2 WHYDFW? 2| CBREQ117 2 17 CBRE | WHYDFW? • Top CBRE10 ranked | WHYcontainerDFW ports? Q117 RD BUSIEST AIRPORTQ1 17 • 2 of 14 proton beam cancer therapy NOBEL (BNSF Intermodal Facility), 3 centers in the U.S. 15 MAJOR 6 LAUREATES Coordinating nearly 3,000 trucks IN U.S. (DFW and 16 intermodal trainsUNIVERSITIES per day INTERNATIONAL) MEMBER Source: North Texas Commission, Dallas/Fort Worth Source: DFW International Airport, Love Field, Source: Dallas Regional90 Chamber, 2017. Hospital Council, 2017. HOSPITALS Hillwood, 2017. 45,481 1 OF 7 AIRPORTS IN THE DALLAS/ BACHELORS, GLOBALLY WITH 200+ DIRECT FORT WORTH DESTINATIONS (DFW INTL) CBRE | WHYDFW? 2 HOSPITAL COUNCIL Q117 MASTERS AND PHD DEGREES AWARDED IN 2015 • 78 million annual passengers (DFW International + Love Field) • 370,899 students enrolled • 21,000+ health-related establishments • 9,600 acres of inland port • 3 of 7 Emerging Research • $5.4 billion spent on facility upgrades designated as Foreign-Trade Zone universities in Texas pursuing “tier per year (Alliance Global Logistics Hub) one” status • $52 billion gross medical services • Top 10 ranked container ports • 2 of 14 proton beam cancer therapy (BNSF Intermodal Facility), centers in the U.S. Coordinating nearly 3,000 trucks and 16 intermodal trains per day

Source: North Texas Commission, Dallas/Fort Worth Source: DFW International Airport, Love Field, Source: Dallas Regional Chamber, 2017. Hospital Council, 2017. Hillwood, 2017.

CBRE | WHYDFW? 2 Q117 CORNER BAKERY CAFE | SPRINT 1410 PRECINCT LINE RD | HURST, TX 76053

WHY DALLAS/FORT WORTH?

DFW FORTUNE 500 COMPANIES

Company Revenues ($B) 2 Exxon Mobile $246.20 10 AT&T $146.801 65 Energy Transfer Equity $42.126 67 American Airlines $40.99 140 Tenet Healthcare $20.11 142 Southwest Airlines $19.82 151 Kimberly-Clark $18.59 155 Fluor $18.11 214 HollyFrontier $13.23 219 Texas Instruments $13.00 228 JCPenney $12.62 260 D.R. Horton $10.82 302 GameStop $9.36 336 Dean Foods $8.12 404 Alliance Data Systems $6.44 407 Trinity Industries $6.39 413 Dr. Pepper Snapple Group $6.28 417 Commercial Metals $6.16 453 Celanese $5.67 475 Energy Future Holdings $5.37

18 CORNER BAKERY CAFE | SPRINT 1410 PRECINCT LINE RD | HURST, TX 76053

WHY DALLAS/FORT WORTH? DALLAS/FORT WORTH HAS THE MOST DIVERSE ECONOMYOUR DIVERSITY IN TEXAS 9 out of 10 of the major industry supersectors make up 17% or less of OURthe total metro DIVERSITY economy DALLAS/FORTDALLAS/FORT WORTH WORTH HAS HAS THE MOSTTHE MOST DIVERSE DIVERSE ECONOMY ECONOMY IN TEXAS IN TEXAS DALLAS/FORT WORTH HAS THE MOST OURDIVERSE DIVERSITY ECONOMY IN TEXAS DEMOGRAPHICS 9 out of 10 of the major industry supersectors make up 17% or less of the total metro economy 9 out of 10 of the major industryOTHER supersectorsINFO make up 17% or less of the total metro economy CURRENT GDP SERVICES 9 out of 10 of the major industry supersectors make up 17% or less of the total metro economy IN 2015 OTHERDEMOGRAPHICS DEMOGRAPHICS MINING,OTHER LOGGING, INFO INFO CURRENT GDP CURRENT GDP DALLAS/FORT WORTH HAS THE MOST DIVERSE ECONOMYSERVICESSERVICES IN TEXAS DALLAS/FORT WORTH HAS THE MOST DIVERSE+ CONSTRUCTION ECONOMY IN TEXAS IN 2015 OTHER INFO TRADE, TRANSPORTATION, W GD IN 2015 MINING,MINING, LOGGING, LOGGING, CURRENT GDP DF P $485.7 SERVICES + CONSTRUCTION + CONSTRUCTION TRADE, TRANSPORTATION, + UTILITIESIN 2015W GD $485.7 DFW TRADE, TRANSPORTATION, DF P W GD 9 out of 10 of the major industry supersectorsMINING, LOGGING, make up 17% or less of the total metro economy + UTILITIES F P $485.7 7.2 D 9 out of 10 of the major industry supersectors make up 17% or less ofMANUFACTURING the total metro economy + UTILITIES DFW MAKES BILLION + CONSTRUCTION MANUFACTURING MAKES DFW BILLION TRADE, TRANSPORTATION, FW GD $485.7 7.2 th MANUFACTURING D P th UP MAKES BILLIONUP Source: Bureau MILLION RESIDENTS + UTILITIES DFW 6 6Source: Bureau th1/3MILLIONUP RESIDENTSof Economic Source:1/3 Bureau of Economic MANUFACTURING MAKES BILLION6 OF THE DFW WAS THE FASTEST OTHER DFW WAS THE FASTEST1/3 Analysis, of EconomicOF THE AngloAnalysis, POPULATION 7.2 th STATE’S OTHER INFO UP Anglo CURRENT GDPPOPULATIONSource: Bureau GROWING METRO INOF THE THE September 2016. GROWING METRO IN THE INFO FINANCIAL 6 CURRENT GDP GDP Analysis, STATE’S SERVICES 1/3 of Economic NATION IN 2016.STATE’S September 2016. NATION IN 2016. SERVICES ACTIVITIESFINANCIAL Source: Bureau of Hispanic TRENDS September 2016. Hispanic TRENDS MILLION RESIDENTS FINANCIAL OF INTHE 2015 IN THEAnalysis, GDP GDP MINING, LOGGING, ACTIVITIES Labor Statistics,DIVERSITY May AfricanSTATE’S AmericanIN 2015 MINING, LOGGING, ACTIVITIES Source: Bureau of Source: Bureau of NATIONSeptember 2016. DIVERSITY African American FINANCIAL 2017. GDP IN THE IN THE DFW WAS THE FASTEST + CONSTRUCTION Labor Statistics, MayLabor Statistics, MayAsian Anglo POPULATION + CONSTRUCTION ACTIVITIESTRADE, TRANSPORTATION,Source: Bureau of W GD $485.7 NATION NATION GROWING METRO IN THE TRADE, TRANSPORTATION, DF W GPD 2017. IN THE PROFESSIONAL +$485.7 Asian Labor Statistics, May DF P 2017. BUSINESSOther SERVICES IF DFW WAS A STATE IF DFW WAS A COUNTRY NATION IN 2016. + +UTILITIES UTILITIES DFW NATION Hispanic TRENDS 2017. DFW PROFESSIONAL + 143,435 393 Other MANUFACTURING BILLION IF DFW WAS A STATE LARGEST GDPIF AND DFW WAS A COUNTRY MANUFACTURING LEISURE + MAKES BUSINESSBILLION SERVICES PROFESSIONALth + MAKES RESIDENTS ADDED FROM JULY RESIDENTS PER DIVERSITY African American PROFESSIONALHOSPITALITY + 9 rd RANK JUSTIF DFW BELOW WAS A STATE IF DFW WAS A COUNTRY 143,435 393 th UP Source:LARGEST2015BUSINESS Bureau TO JULYGDP 2016 SERVICES 23 DAY BUSINESS6 SERVICESth DALLAS/FORTUPIF DFW WAS A STATE WORTHIF DFW WAS HASDALLAS/FORT A COUNTRYSource: THE Bureau MOST WORTH DIVERSETAIWAN HAS ECONOMY THE MOST IN DIVERSETEXAS ECONOMY IN TEXAS LEISURE6 + 1/3 of Economic th LARGEST GDP AND Asian RESIDENTS ADDED FROM JULY RESIDENTS PER HOSPITALITY 1/3 9 rd RANK JUST BELOW LEISURE + OF THE of Economic Source: U.S. Census Bureau, March 2017. 23 LARGEST GDP AND 2015 TO JULY 2016 DAY LEISURE + th OF THE LARGESTAnalysis, GDP AND LARGEST GDP th GOVERNMENT EDUCATION + TAIWAN Other HOSPITALITY HOSPITALITY9 out of 109 ofSTATE’S the major industry supersectorsrd RANK9 JUSToutAnalysis, BELOW of make10 of upthe 17% major or industryless of 9the supersectors total metro make economy up 17% rdor RANKless JUSTof the BELOW total metro economy HEALTHSTATE’S SERVICES 23 September 2016. 23 FINANCIAL DALLAS/FORT WORTH HAS THE MOSTLARGEST GDP DIVERSE ECONOMYTAIWANSeptember IN2016. TEXAS LARGEST GDP TAIWAN FINANCIAL GDPGDP 143,435 Source: U.S. Census393 Bureau, March 2017. ACTIVITIES GOVERNMENT ACTIVITIES Source: Bureau of OTHER EDUCATION + OTHER RESIDENTS ADDED FROM JULY RESIDENTS PER Source: Bureau of 9 out of 10 of the major industryIN THEsupersectors make up 17% orHEALTH lessINFO SERVICES of the total metro economy INFO CURRENT GDP CURRENT GDP Labor Statistics, May GOVERNMENT EDUCATION + IN THE SERVICES SERVICES 2015 TO JULY 2016 DAY Labor Statistics, May NATION GOVERNMENT IN 2015 2017. HEALTH SERVICES NATION DFW TRADE SECTORSEDUCATIONMINING, + LOGGING,A DEGREE IN HIGHER LEARNING IN 2015 2017. OTHER MINING, LOGGING, INFO HEALTH SERVICES+ CONSTRUCTION CURRENT GDP SERVICES + CONSTRUCTION G TRADE, TRANSPORTATION, FW GD $485.7Source: U.S. Census Bureau, March 2017. PROFESSIONAL + TRADE, TRANSPORTATION,IN 2015 FW DP $485.7D P PROFESSIONALMINING, LOGGING, + D + UTILITIES IF DFW WAS A STATE IF DFW WAS A COUNTRY+ UTILITIES • Education, Training, and Library DFW DFW BUSINESS+ CONSTRUCTION SERVICES IF DFW WAS A STATE IF DFW WAS A COUNTRY STUDENTS BUSINESS SERVICES TRADE, TRANSPORTATION, W GD MANUFACTURING 370,899 MAKES BILLION MANUFACTURINGTECHNOLOGYCOMPUTER AND ELECTRONIC TRANSPORTATIONDF P $485.7• Healthcare Practitioners and MAKES BILLION + UTILITIES PRODUCTS EQUIPMENT DFW ENROLLED AT MAJOR UNIVERSITIES DFW TRADE SECTORSth UP A DEGREE IN HIGHER LEARNING Technical th UP 6Source: Bureau Source: Bureau MANUFACTURING MAKES AND COMMUNITYBILLION COLLEGES IN DFW 6 LEISURE + th TRADE VALUE DFW EXPORT TRADELARGEST VALUE DFW GDP EXPORT AND 1/3 of Economic 1/3 of Economic LEISURE + th LARGESTth GDPUP AND • Installation, Maintenance, and OF THE HOSPITALITY 9 $6.70 B 24.70% rd $5.50RANK B6 JUST20.30% BELOW Source: Bureau• Education, Training, and Library OF THE Analysis, 9 23 rd RANK JUST BELOW1/3 Repair Analysis, HOSPITALITY #2LARGEST MARKET GDP 23 LABOR FORCE of Economic STATE’S STATE’S September 2016. LARGESTTECHNOLOGY GDP TAIWAN FINANCIAL OF THE • Healthcare Practitioners and September 2016. FINANCIAL • TAIWANEducation, Training, and Library 45,481• Management DEGREESAnalysis, GDP GDP STUDENTS FOR TECH ACTIVITIES STATE’S September 2016. 370,899 TECHNOLOGYFINANCIAL ACTIVITIES • Healthcare Practitioners and • Source:Computer Bureau and Mathematicalof Technical COMPUTER AND ELECTRONIC TRANSPORTATION Source: BureauMACHINERY, of EXCEPT GDPBACHELORS, MASTERS, AND PHD DEGREES AWARDED IN IN THE ACTIVITIES Source: Bureau “BRAINof GAIN” CHEMICALS 2015 IN DFW COLLEGES• LaborConstruction Statistics, AND UNIVERSITIES and May Extraction IN THE DFWPRODUCTS TRADE SECTORS EQUIPMENT A DEGREEENROLLED IN HIGHER AT MAJOR UNIVERSITIES LEARNING Labor Statistics,ELECTRICALIN MayTechnical THE • Installation, Maintenance, and • Education, Training, and LibraryNATION Labor Statistics, May WHEN COMPARING NATION AND COMMUNITY COLLEGES IN DFW TRADE VALUE DFW EXPORT 2017. TRADE VALUENATIONDFW EXPORT • 2017.Personal Care and ServiceRepair TRADE VALUE DFW EXPORT TRADE VALUE DFW EXPORT GOVERNMENT EDUCATION + 2017. #2 MARKET • Installation, Maintenance,LABOR FORCE and GOVERNMENT EDUCATION + JOBS$3.40 TECHNOLOGYADDED B TO12.80% $3.20 B 12% • Building, Grounds Cleaning and $6.70 B •24.70% Healthcare Practitioners$5.50 and B 20.30% HEALTH SERVICES LABORDEGREES FORCE AWARDED Repair • Management PROFESSIONAL + HEALTH#2 SERVICES MARKET FOR TECH PROFESSIONAL + PROFESSIONAL272,745 + Maintenance GRADUATES IF DFW WAS A STATE IF DFW WAS A COUNTRY IF DFW WAS A STATE IF DFW WAS A COUNTRY • ComputerIF DFW WASand Mathematical A STATEBUSINESS SERVICESTechnicalIF DFW WAS A COUNTRY BUSINESS SERVICES • Management BUSINESSIN 2015 FROM SERVICES 100+• HealthcareCOLLEGES WITHINSupport TEXAS FOR TECH “BRAIN GAIN” AND ADJACENT STATES 370,899 STUDENTSDEGREES MISC. MANUFACTURED 45,481 • Computer and Mathematical • Protective Service• Construction and Extraction • Installation, Maintenance, and LEISURE + COMMODITIES LEISURE + LARGEST GDP AND COMPUTER AND ELECTRONIC TRANSPORTATION LARGEST GDP AND “BRAIN GAIN” LEISUREWHEN + COMPARING th • Personalth Care and Service LARGEST GDP thAND 19 BACHELORS, MASTERS, AND PHD DEGREES AWARDED IN HOSPITALITY • 5th largest concentration of technology- •9 Construction and Extraction rd RANK •JUST Architecture BELOW and Engineering PRODUCTS Repair EQUIPMENTMACHINERY,9 EXCEPT rdENROLLED AT MAJOR UNIVERSITIES HOSPITALITY TRADE VALUE DFW EXPORT HOSPITALITY 23 LABOR FORCE 9 rd RANK JUST BELOW RANK JUST BELOW related#2 employees JOBSinMARKET the U.S. ADDED (162,060 TO LARGEST GDP CHEMICALS 23 23 2015 IN DFW COLLEGES AND UNIVERSITIES WHEN COMPARING • Office and Administrative TAIWAN• Source:Arts, Dallas Design, Regional Entertainment, Chamber,• 2017Building,LARGEST Sports, Grounds GDP Cleaning and LARGESTELECTRICAL GDP AND COMMUNITY COLLEGES IN DFW $1.70 B 6.40%• Personal Care and Service TRADE VALUE DFW EXPORT • ManagementTRADETAIWAN VALUE DFW EXPORT TAIWAN tech talent total) DEGREES AWARDED • Sales JOBS ADDED TO FOR TECH • Building, Grounds Cleaning and and Media Maintenance TRADE VALUE DFW EXPORT TRADE VALUE DFW EXPORT • 46 coworking spaces • Food Preparation and5 Service • Community and Social$6.70 Service B 24.70% • Computer$5.50 and Mathematical B 20.30% DEGREES AWARDED Q117 WHYDFW•? |Healthcare CBRE Support$3.40 B 12.80% $3.20 B 12% GOVERNMENT • 26EDUCATION incubators/accelerators + Maintenance “BRAIN GAIN” • Transportation and Material Moving GOVERNMENT• Legal EDUCATION + • Construction and Extraction HEALTH SERVICES GOVERNMENT • HealthcareEDUCATION Support + • Protective Service 272,745 GRADUATES • Production • Life, Physical, and SocialHEALTH Science SERVICES DEGREES WHEN COMPARING HEALTH SERVICES • Architecture and Engineering 45,481 Source:• 5thCBRE largest Research, concentration 2016; Dallas Regional of technology- •• BusinessProtective and Service Financial Operations • Farming, Fishing, and Forestry • Personal Care and Service IN 2015 FROM 100+ COLLEGES WITHIN TEXAS Chamber,related 2017. employees in the U.S. (162,060 BACHELORS, MASTERS, AND PHD DEGREES AWARDED IN • 5th largest concentration of technology- JOBS• Education, ADDED Training,TO• Architecture and• Office Library and Engineeringand Administrative • Arts, Design, Entertainment, Sports,• Building,MISC. MANUFACTURED GroundsMACHINERY, Cleaning EXCEPT and AND ADJACENT STATES tech talent total) • Education, Training, and Library CHEMICALS COMMODITIES 2015 IN DFW COLLEGES AND UNIVERSITIES related employees in the U.S. (162,060 • Office and Administrative DEGREES AWARDED• Arts, Design,• Sales Entertainment, Sports, and Media ELECTRICAL TECHNOLOGY • 46 coworking spaces • Healthcare Practitioners and Maintenance tech talent total) • Sales • Healthcare Practitioners• Food and Preparation and Service • Community and Social Service TRADE VALUE DFW EXPORT TECHNOLOGY and Media3 TRADE VALUE DFW EXPORT TRADE VALUE DFW EXPORT • 46 coworking spaces Q1• 1726 incubators/accelerators • Transportation and Material Moving WHYDFW? | CBRE • Healthcare$1.70 B Support6.40% Source: Dallas Regional Chamber, 2017 • Food Preparation and Service TechnicalTechnical • Community and Social Service • $3.40Legal B 12.80% $3.20 B 12% • 26 incubators/accelerators • Production • Protective Service • Transportation and Material Moving• Installation, Maintenance,• Legal and • Life, Physical, and Social Science GRADUATES • Installation, Maintenance, and • Education, Training, and Library 5 272,745 Source:• ProductionCBRE• Research,5th largest 2016; Dallas concentration Regional of technology-• Life, Physical,• Business and Socialand Financial Science Operations • Farming, Fishing, Q1and17 Forestry • Architecture and Engineering WHYDFW? | CBRE LABORTECHNOLOGY FORCE Chamber, 2017. Repair • Healthcare Practitioners and IN 2015 FROM 100+ COLLEGES WITHIN TEXAS #2 MARKET Source: CBRE Research, 2016; Dallas RegionalLABOR FORCE • Business relatedand Financial employees Operations in theRepair U.S. (162,060 • Farming, Fishing, and Forestry• Office and Administrative • Arts, Design, Entertainment, Sports, #2 MARKET Chamber, 2017. Technical MISC.• MANUFACTURED Education, Training, and Library • Education, Training,AND and ADJACENT Library STATES tech talent total) • • ManagementManagement • Sales COMMODITIESand Media FOR TECH TECHNOLOGY • Installation,TECHNOLOGY Maintenance, and • Healthcare Practitioners and • Healthcare Practitioners and FOR TECH • 46 coworking spaces• Computer and Mathematical 3 Repair• Food Preparation and Service #2 MARKET Q117 LABOR• Computer FORCE and Mathematical WHYDFW?TRADE | CBRE VALUE• CommunityTechnicalDFW EXPORT and Social Service Technical “BRAIN GAIN” • 326 incubators/accelerators • Management $1.70 B 6.40% Source: Dallas Regional Chamber, 2017 “BRAIN GAIN” Q117 FOR TECH • • ConstructionConstruction and and Extraction ExtractionWHYDFW ? | CBRE• Transportation and Material Moving •• LegalInstallation, Maintenance, and • Installation, Maintenance, and • Computer and Mathematical WHENWHEN COMPARING COMPARING “BRAIN GAIN” • Personal Care and Service MARKET• ProductionLABOR FORCE • LABORLife,Repair Physical, FORCE and Social Science Repair #2 MARKET• Personal Care and Service#2 • Construction and Extraction 5 Source: CBRE Research, 2016; Dallas Regional • Business and Financial OperationsQ117 • Farming, Fishing, and Forestry • Management WHYDFW? | CBRE JOBSJOBS ADDED ADDED TO TO WHEN COMPARING • Building, Grounds Cleaning and • Personal Care and Service • Management Chamber,FOR 2017. TECH • Building, Grounds CleaningFOR and TECH DEGREESDEGREES AWARDED AWARDED JOBS ADDED TO • Building, Grounds Cleaning and • Computer and Mathematical • Computer and Mathematical DEGREES AWARDED MaintenanceMaintenance “BRAIN GAIN” “BRAIN GAIN” Maintenance • Construction and Extraction • Construction and Extraction • Healthcare Support • Healthcare Support •WHEN Healthcare COMPARING Support WHEN COMPARING • Personal Care and Service • Personal Care and Service • Protective Service • Protective ServiceJOBS 3 ADDED TO Q117 •JOBS Protective ADDED Service TO • Building,WHY GroundsDFW Cleaning? | CBRE and • Building, Grounds Cleaning and • 5th largest concentration of technology- • ArchitectureDEGREES and Engineering AWARDED • 5th largest concentration of technology- • DEGREESArchitecture AWARDED and Engineering Maintenance • 5th largest concentration of technology- related employees in the U.S. (162,060 • Office• and ArchitectureAdministrative and Engineering • Arts, Design, Entertainment, Sports, Maintenance related employees in the U.S. (162,060 • Officetech talent and total) Administrative • Healthcare Support related employees in the U.S. (162,060 • Office and Administrative • Sales• • Arts,Arts, Design, Design, Entertainment, Entertainment, Sports, Sports, and Media • Healthcare Support • 46 coworking spaces techtech talent talent total) total) • Sales • Food Preparationand Media and Service • Community and Social Service • Protective Service • Protective Service • Salesincubators/accelerators and Media • 26 • Transportation and Material Moving • 5th• largestLegal concentration of technology- • Architecture and Engineering • • 4646 coworking coworking spaces spaces • Food Preparation and Service • 5th largest concentration• Community of technology- and Social Service • Architecture and Engineering • Food Preparation and Service • Production• Community and Social Servicerelated • Life, employees Physical, and in Social the U.S. Science (162,060 related employees in the U.S. (162,060 • Office and Administrative • •Office Arts, and Design, Administrative Entertainment, Sports, • Arts, Design, Entertainment, Sports, • 26 incubators/accelerators • Source:Transportation CBRE Research, 2016; and Dallas Material Regional Moving • Business and Financial Operations • 26 incubators/accelerators • Transportation and Material Moving tech talent total)• Legal tech• Farming,talent total) Fishing, and Forestry • Sales Chamber, 2017. • Legal • Sales and Media and Media • Production • 46 coworking• spacesLife, Physical, and Social Science• 46 coworking spaces • Production • Life, Physical, and Social Science • Food Preparation and Service • •Food Community Preparation and and Social Service Service • Community and Social Service Source: CBRE Research, 2016; Dallas Regional • Business and Financial Operations • 26 incubators/accelerators • 26 incubators/accelerators • Transportation and Material Moving • Legal Source: CBRE Research, 2016; Dallas Regional • Business and Financial Operations • • Farming,Farming, Fishing, Fishing, and and Forestry Forestry • Transportation and Material Moving • Legal Chamber, 2017. 3 Chamber, 2017. Q117 •WHY ProductionDFW? | CBRE • •Production Life, Physical, and Social Science • Life, Physical, and Social Science Source: CBRE Research, 2016; Dallas Regional Source: CBRE Research,• Business 2016; Dallas and Regional Financial Operations • •Business Farming, and Fishing,Financial and Operations Forestry • Farming, Fishing, and Forestry Chamber, 2017. Chamber, 2017. 3 Q1Q11717 3 WHYWHYDFWDFW? ?| |CBRE CBRE 3 Q117 Q117 3 WHYDFW? | CBRE WHYDFW? | CBRE DALLAS/FORT WORTH HAS THE MOST DIVERSE ECONOMY IN TEXAS 9 out of 10 of the major industry supersectors make up 17% or less of the total metro economy

OTHER INFO CURRENT GDP SERVICES IN 2015 MINING, LOGGING, + CONSTRUCTION TRADE, TRANSPORTATION, W GD DF P $485.7 DALLAS/FORT WORTH HAS+ THEUTILITIES MOST DIVERSE ECONOMYDFW IN TEXAS MANUFACTURING MAKES BILLION 9 out of 10 of the major industry supersectors make up 17% or less of the total6 thmetro economyUP Source: Bureau 1/3 of Economic OF THE Analysis, STATE’S September 2016. FINANCIAL OTHER INFO GDP CURRENT GDP SERVICES ACTIVITIES Source: Bureau of IN THE IN 2015 MINING, LOGGING, Labor Statistics, May + CONSTRUCTION NATION 2017. TRADE, TRANSPORTATION, W GD DF P $485.7 + UTILITIES PROFESSIONAL + DFW MANUFACTURING BUSINESS SERVICES IF DFW WASMAKES A STATE IF DFW WASBILLION A COUNTRY DALLAS/FORT WORTH HAS THE MOST DIVERSE ECONOMY IN TEXAS 6th UP Source: Bureau 1/3 of Economic LEISURE + th LARGEST GDP AND OF THE Analysis, 9 out of 10 of the major industry supersectorsHOSPITALITY make up 17% or less of the total metro economy 9 rd RANK JUST BELOW LARGEST GDP STATE’S 23 September 2016. FINANCIAL GDP TAIWAN ACTIVITIES Source: Bureau of OTHER IN THE INFO Labor Statistics, May CURRENT GDP SERVICES NATION DALLAS/FORT WORTH HAS THE MOSTGOVERNMENT2017. DIVERSEEDUCATION ECONOMY + IN TEXASIN 2015 MINING, LOGGING, HEALTH SERVICES + CONSTRUCTION PROFESSIONAL + TRADE, TRANSPORTATION, W GD IF DFW WAS A STATE IF DFW WAS A COUNTRY 9 out of 10 of the major industry supersectors make up 17% or less of DtheF totalP metroBUSINESS economy SERVICES $485.7 + UTILITIES DFW MANUFACTURING MAKES BILLION LEISURE + th LARGEST GDP AND OTHER th OURUP DIVERSITYSource: Bureau INFO HOSPITALITY 6 CURRENT9 GDP 23rd RANK JUST BELOW SERVICES 1/3 LARGESTof Economic GDP TAIWAN OF THE IN 2015Analysis, MINING, LOGGING, STATE’S FINANCIAL+ CONSTRUCTION September 2016. TRADE, TRANSPORTATION, W GD GDP DF P DEMOGRAPHICS $485.7 ACTIVITIES Source: Bureau of + UTILITIES GOVERNMENT EDUCATIONIN THE + DFW Labor Statistics, May • Education, Training, and Library MANUFACTURING HEALTHNATION SERVICES MAKES BILLION 2017. TECHNOLOGY 6th UP Source: Bureau • Healthcare Practitioners and 1/3 of Economic PROFESSIONAL + OF THE Technical BUSINESS SERVICES IF DFW WAS A STATE IF DFW WAS A COUNTRY Analysis, STATE’S September 2016. • Installation, Maintenance, and 7.2 FINANCIAL GDP Repair ACTIVITIESLEISURE + Source: Bureau of MARKET th LABORLARGEST FORCE GDP AND MILLION RESIDENTS #2 9 IN THE HOSPITALITY Labor Statistics, May rd RANK JUST BELOW • Management LARGESTNATION GDP 23 DFW WAS THE FASTEST 2017. FOR TECH TAIWAN Anglo 1410 PRECINCTPOPULATION LINE RD | HURST, TX 76053 CORNEROUR BAKERY DIVERSITY CAFE | SPRINT • Computer and Mathematical GROWING METRO IN THE OUR DIVERSITY Hispanic TRENDS NATION IN 2016. “BRAINPROFESSIONAL GAIN” + OUR DIVERSITY IF DFW WAS A STATE IF DFW WAS A COUNTRY • Education,• Construction Training, and and Extraction Library BUSINESS SERVICES DIVERSITY African American GOVERNMENT EDUCATION + TECHNOLOGYWHEN COMPARING • Healthcare• Personal Practitioners Care and andService HEALTH SERVICES JOBS ADDED TO Asian LEISURE + WHY DALLAS/FORTDEMOGRAPHICSDEMOGRAPHICS WORTH? th OUR DIVERSITYLARGEST GDP AND Technical• Building, Grounds Cleaning and HOSPITALITY DEGREESDEMOGRAPHICS AWARDED9 rd RANK JUST BELOWOther LARGEST GDPOUR DIVERSITY23 • Installation,Maintenance Maintenance, and TAIWAN 143,435 393 LABOR FORCE Repair• Healthcare Support #2 MARKET DEMOGRAPHICS RESIDENTS ADDED FROM JULY RESIDENTS PER • Management• Protective2015 TO JULYService 2016 DAY GOVERNMENT EDUCATIONFOR + TECH DEMOGRAPHICS • Computer• Architecture and Mathematical and Engineering HEALTH SERVICES• 5th largest concentration of technology- 7.2 7.2 “BRAINrelated GAIN” employees in the U.S. (162,060 7.2 Source: U.S. Census Bureau, March 2017. • Office and Administrative • Construction• Arts, Design, and Extraction Entertainment, Sports, MILLION RESIDENTSMILLION RESIDENTS tech talentWHEN total) COMPARING • Sales •MILLION Personaland Care RESIDENTSMedia and Service • Education, Training, and Library DFW WAS THE FASTEST 7.2 DFW WAS THE FASTEST • 46 coworkingJOBS spaces ADDED TO Anglo • FoodPOPULATION Preparation and Service GROWING METRO INDFW THE WAS THE FASTESTMILLION RESIDENTS TECHNOLOGY Anglo•Anglo Healthcare Practitioners POPULATIONandPOPULATION • GROWINGBuilding,• Community METRO Grounds IN andTHE Cleaning7.2 Social andService NATION IN 2016.GROWING METRO IN THE • 26 incubators/acceleratorsDEGREES AWARDED Hispanic • TransportationTRENDS and Material Moving NATION IN 2016.MILLIONDFW WAS THERESIDENTS FASTEST HispanicHispanicTechnical Anglo TRENDSTRENDS POPULATIONMaintenance• NATIONLegal IN 2016.GROWING METRO IN THE DIVERSITY African American DFW WASNATION THE IN 2016. DIVERSITY African• AmericanProduction Hispanic •TRENDS Healthcare• Life, Physical, Support and SocialFASTEST Science DIVERSITY •African Installation, American Maintenance,Anglo and POPULATION GROWING METRO IN THE Asian DIVERSITY African American Source: CBRE Research, 2016; Dallas Regional • Business and FinancialHispanic Operations TRENDS• Protective Service NATION IN 2016. #2 MARKET LABOR FORCE AsianAsianRepairDFW TRADE SECTORS • Farming,A DEGREE Fishing, and ForestryIN HIGHER LEARNING Chamber, 2017. Other DIVERSITY AfricanAsian American • 5th largest concentration of technology- Other•Other • ManagementEducation, Training, and Library • Architecture and Engineering Other FOR TECH 143,435Asian 393 TECHNOLOGY related employees in the U.S. (162,060 • •Office • ComputerHealthcare and Administrative and Practitioners Mathematical143,435 143,435 and 143,435• Arts, Design,393393 Entertainment,393 Sports, tech talent total) RESIDENTS ADDED FROMOther JULY RESIDENTS PER “BRAIN GAIN” • •Sales ConstructionTechnical and ExtractionRESIDENTSRESIDENTS ADDED ADDED FROM FROM JULYRESIDENTS JULY ADDEDand FROMMediaRESIDENTSRESIDENTS JULY 370,899PER PER RESIDENTS PER STUDENTS COMPUTER AND ELECTRONIC2015 TO JULY 2016 TRANSPORTATION143,435DAY 393 • 46 coworking spaces • Food Preparation3 and Service20152015 TO TO JULY JULY 2016 2016 2015 TO JULY 2016 DAYDAY DAY WHEN COMPARING Q117 PRODUCTS• • PersonalInstallation, Care Maintenance,and Service and EQUIPMENTRESIDENTS• ADDED Community FROM JULY andWHY SocialDFWENROLLED ServiceRESIDENTS? | AT CBREPER MAJOR UNIVERSITIES • 26 incubators/accelerators 2015 TO JULY 2016 AND COMMUNITYDAY COLLEGES IN DFW JOBS ADDED TO LABOR FORCE TRADE• VALUE •Transportation Building,RepairDFW EXPORT Grounds and Material Cleaning MovingTRADE and Source:VALUE U.S. CensusDFW Bureau, EXPORT March• 2017.Legal Source: U.S. Census Bureau, March 2017. #2 MARKET Source:Source: U.S. U.S. Census Census Bureau, Bureau, March March 2017. 2017. DEGREES AWARDED $6.70• BProduction24.70% $5.50 B 20.30%• Life, Physical, and Social Science FOR TECH • MaintenanceManagement Source: U.S. Census Bureau, March 2017. Source: CBRE Research, 2016; Dallas Regional • •Business • HealthcareComputer and Financial Support and Mathematical Operations • Farming, Fishing, and Forestry Chamber, 2017. 45,481 DEGREES “BRAIN GAIN” • • ProtectiveConstruction Service and Extraction BACHELORS, MASTERS, AND PHD DEGREES AWARDED IN WHEN COMPARING MACHINERY, EXCEPT • 5th largest concentration of technology- CHEMICALS•DFW • ArchitecturePersonal TRADE Care and SECTORS Engineeringand Service ELECTRICAL A DEGREE IN HIGHER2015 IN DFW LEARNING COLLEGES AND UNIVERSITIES related employeesJOBS in the ADDEDU.S. (162,060 TO • OfficeDFW and TRADEAdministrative SECTORS TRADE VALUE• • Arts,Building,DFW Design, EXPORTA GroundsDEGREE Entertainment, CleaningTRADE IN Sports, and VALUEHIGHER DFW EXPORTLEARNING DEGREES AWARDED DFWDFW TRADE TRADE SECTORS SECTORSDFW TRADE3 SECTORSAA DEGREE DEGREE IN INA HIGHER HIGHERDEGREE INLEARNING LEARNING HIGHER LEARNING tech talent total) Q117 • Sales $3.40 B andMaintenance 12.80%Media $3.20 B 12% WHYDFW? | CBRE • 46 coworking spaces • Food Preparation and Service • • CommunityHealthcare and Support Social Service 370,899272,745 STUDENTS GRADUATES COMPUTER AND ELECTRONIC TRANSPORTATION • 26 incubators/accelerators • Transportation and Material Moving PRODUCTS• • LegalProtective Service EQUIPMENT STUDENTS370,899ENROLLED ATIN MAJOR 2015 STUDENTSUNIVERSITIES FROM 100+ COLLEGES WITHIN TEXAS COMPUTER AND ELECTRONIC 370,899TRANSPORTATION ANDSTUDENTS COMMUNITY COLLEGESAND IN DFW ADJACENT STATES COMPUTER AND ELECTRONIC TRANSPORTATIONTRADE VALUE DFW EXPORT MISC. MANUFACTUREDTRADE VALUE DFW370,899 EXPORT370,899 STUDENTS • 5th largest concentration of technology- • ProductionCOMPUTERCOMPUTER AND AND ELECTRONIC ELECTRONIC PRODUCTSTRANSPORTATIONTRANSPORTATION• • Life,Architecture Physical, and and Social EngineeringENROLLEDEQUIPMENT Science AT MAJOR UNIVERSITIES ENROLLED AT MAJOR UNIVERSITIES PRODUCTS EQUIPMENT$6.70 B 24.70% COMMODITIES$5.50 B 20.30%ENROLLED AT MAJORAND UNIVERSITIES COMMUNITY COLLEGES IN DFW PRODUCTSPRODUCTS TRADE VALUE EQUIPMENTDFWEQUIPMENT EXPORT TRADEAND VALUE COMMUNITYDFW EXPORT COLLEGESENROLLED IN DFW AT MAJOR UNIVERSITIES Source: relatedCBRE Research, employees 2016; in Dallas the U.S.Regional (162,060 TRADE VALUE• • BusinessOfficeDFW andEXPORTand FinancialAdministrative OperationsTRADE VALUE DFW EXPORT• • Farming,Arts, TRADEDesign, Fishing, VALUE Entertainment, and ForestryDFW EXPORT Sports,AND COMMUNITY COLLEGES IN DFW TRADE VALUE DFW EXPORT $6.70TRADE B VALUE24.70%DFW EXPORT $5.50 B 20.30%AND COMMUNITY COLLEGES IN DFW Chamber,tech 2017. talent total) TRADE VALUE DFW EXPORT TRADE VALUE DFW$1.70 EXPORT B 6.40% 45,481 DEGREESSource: Dallas Regional Chamber, 2017 $6.70 B• Sales24.70%$6.70 B 24.70%$5.50 B 20.30%$5.50 B and20.30% Media $6.70 B 24.70% $5.50 B 20.30% BACHELORS, MASTERS, AND PHD DEGREES AWARDED IN • 46 coworking spaces • Food Preparation and Service MACHINERY, EXCEPT 45,481 DEGREES CHEMICALS• Community and SocialELECTRICAL Service 2015 IN DFW COLLEGES AND UNIVERSITIES • 26 incubators/accelerators 45,481MACHINERY, EXCEPT DEGREESBACHELORS,5 MASTERS, AND PHD DEGREES AWARDED IN • Transportation and Material Moving TRADE VALUEQ117 DFW• EXPORTLegal TRADE VALUE DFW EXPORT45,481 DEGREESDEGREES WHYDFW? | CBRE CHEMICALS ELECTRICAL 45,4812015 IN DFW COLLEGES AND UNIVERSITIES 3 MACHINERY,$3.40 EXCEPT B 12.80% BACHELORS,$3.20 MASTERS, B AND12% PHD DEGREES AWARDED IN Q117 • Production MACHINERY,• Life, EXCEPT WHYPhysical,DFW and Social? | CBRE ScienceBACHELORS,BACHELORS, MASTERS, MASTERS, AND AND PHD PHD DEGREES DEGREES AWARDED AWARDED IN IN CHEMICALS ELECTRICALTRADE VALUEMACHINERY,DFW EXPORT EXCEPT 2015TRADE IN VALUE DFW COLLEGESDFW EXPORT AND UNIVERSITIES CHEMICALSCHEMICALS ELECTRICAL 20152015 IN IN DFW DFW COLLEGES COLLEGES272,745 AND AND UNIVERSITIES UNIVERSITIES GRADUATES Source: CBRE Research, 2016; Dallas Regional • Business and Financial Operations $3.40 B ELECTRICAL12.80%• Farming, Fishing,$3.20 and B Forestry 12% TRADE VALUE DFW EXPORT TRADE VALUE DFW EXPORT IN 2015 FROM 100+ COLLEGES WITHIN TEXAS Chamber, 2017. TRADE VALUE DFW EXPORT TRADE VALUE DFW EXPORT 272,745 GRADUATES $3.40 B 12.80%TRADE VALUE DFW $3.20EXPORT B 12%TRADE VALUE MISC.DFW MANUFACTURED EXPORT AND ADJACENT STATES $3.40$3.40 B B 12.80%12.80% $3.20$3.20 B B COMMODITIES12%12% IN 2015 FROM 100+ COLLEGES WITHIN TEXAS MISC. MANUFACTURED GRADUATES AND ADJACENT STATES TRADE VALUE 272,745DFW EXPORT GRADUATES COMMODITIES 272,745272,745 GRADUATES $1.70 B IN 20156.40% FROM 100+ COLLEGES WITHIN TEXAS Source: Dallas Regional Chamber, 2017 IN 2015 FROM 100+ COLLEGES WITHIN TEXAS TRADE VALUE DFW EXPORT AND ADJACENTIN 2015 STATES FROM 100+ COLLEGES WITHIN TEXAS 3MISC. MANUFACTURED AND ADJACENT STATES Source: Dallas Regional Chamber, 2017 Q117 MISC.MISC. MANUFACTURED MANUFACTURED $1.70 BWHY6.40%DFW? | CBRE AND ADJACENT STATES COMMODITIES Q117 5 WHYDFW? | CBRE 20 COMMODITIESCOMMODITIES TRADE VALUE DFW EXPORT TRADE VALUE DFWQ117 EXPORT 5 WHYDFW? | CBRE $1.70 B 6.40%TRADE VALUE DFW EXPORT Source: Dallas Regional Chamber, 2017 $1.70$1.70 B B 6.40%6.40% Source:Source: Dallas Dallas Regional Regional Chamber, Chamber, 2017 2017

5 Q117 5 WHYDFW? | CBRE Q1Q11717 5 WHYWHYDFWDFW?? | |CBRE CBRE CORNER BAKERY CAFE | SPRINT 1410 PRECINCT LINE RD | HURST, TX 76053

DISCLAIMERS

CBRE, Inc. operates within a global family of companies with many subsidiaries and/ purport to be complete nor necessarily accurate descriptions of the full agreements or related entities (each an “Affiliate”) engaging in a broad range of commercial referenced. Interested parties are expected to review all such summaries and other real estate businesses including, but not limited to, brokerage services, property and documents of whatever nature independently and not rely on the contents of this facilities management, valuation, investment fund management and development. Memorandum in any manner. At times different Affiliates may represent various clients with competing interests in the same transaction. For example, this Memorandum may be received by our Af- Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affil- filiates, including CBRE Investors, Inc. or Trammell Crow Company. Those, or other, iates or representatives make any representation or warranty, expressed or implied, Affiliates may express an interest in the property described in this Memorandum (the as to the accuracy or completeness of this Memorandum or any of its contents, and “Property”) may submit an offer to purchase the Property and may be the success- no legal commitment or obligation shall arise by reason of your receipt of this Mem- ful bidder for the Property. You hereby acknowledge that possibility and agree that orandum or use of its contents; and you are to rely solely on your investigations and neither CBRE, Inc. nor any involved Affiliate will have any obligation to disclose to inspections of the Property in evaluating a possible purchase of the real property. you the involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, CBRE, Inc. will act in the best interest of the client(s) it represents The Owner expressly reserved the right, at its sole discretion, to reject any or all in the transaction described in this Memorandum and will not act in concert with or expressions of interest or offers to purchase the Property, and/or to terminate discus- otherwise conduct its business in a way that benefits any Affiliate to the detriment of sions with any entity at any time with or without notice which may arise as a result of any other offeror or prospective offeror, but rather will conduct its business in a man- review of this Memorandum. The Owner shall have no legal commitment or obli- ner consistent with the law and any fiduciary duties owed to the client(s) it represents gation to any entity reviewing this Memorandum or making an offer to purchase the in the transaction described in this Memorandum. Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the This is a confidential Memorandum intended solely for your limited use and benefit Owner’s obligations therein have been satisfied or waived. in determining whether you desire to express further interest in the acquisition of the Property. By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence This Memorandum contains selected information pertaining to the Property and does and that you will not disclose this Memorandum or any of its contents to any other not purport to be a representation of the state of affairs of the Property or the own- entity without the prior written authorization of the Owner or CBRE, Inc. You also er of the Property (the “Owner”), to be all-inclusive or to contain all or part of the agree that you will not use this Memorandum or any of its contents in any manner information which prospective investors may require to evaluate a purchase of real detrimental to the interest of the Owner or CBRE, Inc. property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, mar- If after reviewing this Memorandum, you have no further interest in purchasing the ket conditions, competition and other factors beyond the control of the Owner and Property, kindly return this Memorandum to CBRE, Inc. CBRE, Inc. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qual- ified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not

21 CORNER BAKERY CAFE | SPRINT 1410 PRECINCT LINE RD | HURST, TX 76053

INFORMATION ON BROKERAGE SERVICES

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.

Before working with a real estate broker, you should know that the duties of a The written consent must state who will pay the broker and, in conspicuous broker depend on whom the broker represents. If you are a prospective seller bold or underlined print, set forth the broker’s obligations as an intermediary. or landlord (owner) or a prospective buyer or tenant (buyer), you should know The broker is required to treat each party honestly and fairly and to comply that the broker who lists the property for sale or lease is the owner’s agent. A with The Texas Real Estate License Act. A broker who acts as an intermediary in broker who acts as a subagent represents the owner in cooperation with the a transaction: listing broker. A broker who acts as a buyer’s agent represents the buyer. A (1) shall treat all parties honestly; broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or (2) may not disclose that the owner will accept a price less than the asking price lease, or obtaining financing without representing you. A broker is obligated by unless authorized in writing to do so by the owner; law to treat you honestly. (3) may not disclose that the buyer will pay a price greater than the price sub- mitted in a written offer unless authorized in writing to do so by the buyer; and IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner’s agent by entering into an agreement with the (4) may not disclose any confidential information or any information that a owner, usually through a written - listing agreement, or by agreeing to act as a party specifically instructs the broker in writing not to disclose unless authorized subagent by accepting an offer of subagency from the listing broker. A subagent in writing to disclose the information or required to do so by The Texas Real may work in a different real estate office. A listing broker or subagent can as- Estate License Act or a court order or if the information materially relates to the sist the buyer but does not represent the buyer and must place the interests of condition of the property. the owner first. The buyer should not tell the owner’s agent anything the buyer With the parties’ consent, a broker acting as an intermediary between the par- would not want the owner to know because an owner’s agent must disclose to ties may appoint a person who is licensed under The Texas Real Estate License the owner any material information known to the agent. Act and associated with the broker to communicate with and carry out in- structions 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 carry out instructions of The broker becomes the buyer’s agent by entering into an agreement to repre- the other party. sent the buyer, usually through a written buyer representation agreement. A buy- er’s agent can assist the owner but does not represent the owner and must If you choose to have a broker represent you, you should enter into a written place the interests of the buyer first. The owner should not tell a buyer’s agent agreement with the broker that clearly establishes the broker’s obligations and anything the owner would not want the buyer to know because a buyer’s agent your obligations. The agreement should state how and by whom the broker will must disclose to the buyer any material information known to the agent. be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish IF THE BROKER ACTS AS AN INTERMEDIARY: that the broker represents you. If you have any questions regarding the duties A broker may act as an intermediary between the parties if the broker complies and responsibilities of the broker, you should resolve those questions before with The Texas Real Estate License Act. The broker must obtain the written con- proceeding. sent of each party to the transaction to act as an intermediary.

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

22 EXCLUSIVE MARKETING ADVISORS OFFERING MEMORANDUM CBRE CAPITAL MARKETS JARED AUBREY SENIOR VICE PRESIDENT +1 214 252 1031 [email protected] CORNER BAKERY CAFE | SPRINT

MICHAEL AUSTRY 1410 PRECINCT LINE RD | HURST, TX 76053 VICE PRESIDENT +1 214 252 1115 [email protected]