DALLAS, ALLSTATE BANK OF AMERICA

HFF, L.P., as exclusive advisor, is pleased to present to qualified investors the opportunity INVESTMENT HIGHLIGHTS to acquire the Fortune 100 Campus Portfolio MISSION CRITICAL FACILITIES — The assets are best-in-class properties that have been consisting of two mission critical office institutionally maintained and managed since they were developed. Furthermore, both tenants have campuses 100% occupied by Allstate (S&P: invested significant capital in the facilities in the past 24 months. AA-) and Bank of America (S&P: A-). The FORTUNE 100 TENANCY — The campuses are occupied by two Fortune 100 corporations, Bank of million square foot Portfolio offers the America (#24; S&P: A-) and Allstate (#79; S&P: AA-), both major employers in the /Fort Worth rare opportunity to acquire two corporate metroplex. campuses leased to Fortune 100 companies in one of the most dynamic economies in the PREMIER LOCATIONS — Both assets are located in DFW’s most desirable markets for corporate United States. users, Las Colinas and Far North Dallas.

UPSIDE POTENTIAL — The Properties will trade at a discount to replacement cost and have future upside with in-place rates 25% below current market rates.

BOOMING DFW ECONOMY — DFW continues to be the national leader in job growth, population growth and office absorption. DFW created 116,000 jobs in 2018, leading the country.

NO. OF S&P CREDIT PROPERTY RSF BUILDINGS OCC% RATING LEASE EXP Bank of America Campus 553,799 2 100% A- Jan-26 Allstate Freeport Campus 458,338 4 100% AA- Jun-25 TOTAL/WEIGHTED AVERAGE 1,012,137 6

2 | OFFERING SUMMARY | BANK OF AMERICA CAMPUS

ASSET OVERVIEW The Bank of America Campus is a 553,799 square-foot, single-tenant office campus located in Addison, Texas, in the thriving Far North Dallas market. The Property is fully leased to Bank of America, the third largest employer in the Dallas-Fort Worth metroplex with 20,000 employees, serving as a mission critical facility with 8 different lines of business at this location. Bank of America has approximately 7.0 years of remaining lease term and contractual rent bumps providing a stable, increasing income stream.

The Bank of America Campus includes one two-story building (Hallmark I–built in 1977 and renovated in 1995) and one three-story building (Hallmark II–built in 1997) combined by a large common atrium lobby. The Property is centrally located along the providing convenient access to retail, hospitality and restaurants.

PROPERTY OVERVIEW Address: 16001 North Dallas Parkway Square Feet: 553,799 Addison, TX 75001 Building I # of Floors: 2 Market: Far North Dallas Building II # of Floors: 3 Submarket: Quorum/Bent Tree Site Area: 22.3 acres Year Built: 1977/1997 Parking Ratio: 3.7 spaces per 1,000 SF (2,038 total Percent Leased: 100.0% spaces | 1,300 covered spaces)

3 | OFFERING SUMMARY | TENANT COMMITMENT TOLLWAY LOCATION The Property serves as a mission critical location for Bank of America’s operations The Property’s location along the Dallas North Tollway at the intersection of Keller in the DFW area. The bank has invested significant capital in recent years into the Springs provides excellent visibility and superior ingress/egress. The Dallas North Property to accommodate employees from downtown and its recently shuttered Tollway is considered the primary north-south traffic artery for the region and Legacy location. This facility houses mission critical operations such as credit card connects travelers to the LBJ Freeway (I-635), President George Bush Turnpike printing, terrorism detection, and global technology. The Property is a strategic (SH-190), and the (SH-121). The proximity to these major location for the bank evidenced by recent capital investment in heavy on-site thoroughfares provides seamless access to regional and citywide destinations security and building upgrades. and residential areas.

LONG-TERM STABLE CASH FLOW & INCREASING NOI CENTER OF VIBRANT RETAIL / RESTAURANT AREA The Property is 100% leased to Bank of America for 7.0 years through January 31, The Property is situated in the vibrant North Dallas corridor, proximate to some 2026, while contractual rent escalations provide revenue growth of more than of Dallas’ most popular shopping and dining destinations. The surrounding area 17% over the remaining lease term. The existing income stream provides a stable has become one of Dallas’ premier mixed-use environments, featuring more than foundation for continued growth and appreciation. 23,700 multi-family units and 5.1 million SF of retail within a 2-mile radius of the FAR NORTH DALLAS MARKET Property. Major nearby retail destinations include The Village on the Parkway, Restaurant Row, Prestonwood Town Center, and Galleria Dallas. The Bank of America Campus is located in the Quorum/Bent Tree submarket within the Far North Dallas office market. The market has demonstrated significant growth in rents during the last five years, as average market rental rates have increased over 20%. This submarket has also led the DFW market in office absorption during that time period. The Far North Dallas market is a preferred corporate location with Bank of America, Toyota, FedEx, Liberty Mutual and JP Morgan all calling it home.

4 | OFFERING SUMMARY | INVESTMENT GRADE TENANT

The Bank of America Corporation is an American multinational investment bank and financial services company based in Charlotte, North Carolina. The company is the second-largest bank in the U.S. with $2.35 trillion in total assets, representing 17% of the total assets held by the 15 largest banks in the United States. Bank of America’s domestic footprint covers approximately 85% of the U.S. population with over 4,400 retail financial centers and 16,100 ATMs. Additionally, Bank of America is the second-largest bank in Texas, with $121 billion in total assets in the state.

Moody’s recently placed Bank of America on review for upgrade due to Bank of America’s strengthening profitability, especially from its non-capital markets businesses, continued maintenance of its conservative risk appetite, and stable capital ratios despite an increase in capital payouts.

BANK OF AMERICA CORP. (ALL) CREDIT RATINGS S&P: A- Moody’s: A3 $272.38B $87.97B $28.15B 2018 Y-O-Y GROWTH Market Cap Q4 2018 T-12 Revenue Q4 2018 T-12 Net Income Revenue: 18.4% Fitch: A+ Net Income: 54.4%

BANK OF AMERICA (BAC) HIGHLIGHTS

2ND LARGEST #24 MARKET LEADING EFFICIENCY RATIO DIVERSITY OF INCOME SUPERIOR GROWTH Banking Institution in the U.S. on the 2018 Fortune 500 List of 57%, down from 88% in 2014, demonstrating the from consumer banking and wealth in Capital Return, with $25.6 effectiveness of expense-management management segments, reducing the firm’s billion returned to shareholders dependence on its investment banking and in 2018 capital markets business.

5 | OFFERING SUMMARY | DOWNTOWN DALLAS 14 Miles 23,700 Apartment Units Within a 2-Mile Radius of the Property GALLERIA DALLAS 3 Miles | 1.8 Million SF ADDISON WALK

NORTHWOOD CLUB BELT LINE QUOROM SHOPPING CENTER VILLAGE ON THE PARKWAY PRESTONWOOD TOWN CENTER 357,731 SF

Future 2020 Cotton Belt Stop

Cotton Belt Line AURA 5515 278 Units POST ADDISON CIRCLE 92% Occupied 1,334 Units 93% Units

Future 2020 Cotton Belt Stop 15777 QUORUM ALLEGRO ADDISON CIRCLE 414 Units 393 Units 95% Occupancy 91% Occupancy

AURA PRESTONWOOD Quorum Dr 322 Units BROADSTONE 5151 97% Occupancy 245 Units 90% Occupancy

180,407 VPD

Dallas North Tollway

Keller Springs Rd 10,525 VPD

6 | OFFERING SUMMARY | ALLSTATE FREEPORT CAMPUS

ASSET OVERVIEW The Allstate Freeport Campus is a 458,338 square-foot, single-tenant, Class A office campus located in Irving, Texas, one of DFW’s most prominent locations for corporate headquarters with nine Fortune 1000 companies headquartered in Irving. Allstate Insurance Company has been at the Property since completion, which serves as the company’s regional headquarters with a current lease term of approximately 6.4 years.

The campus is comprised of four separate buildings built from 1991 to 1996 to Allstate’s specifications. Allstate has invested significant capital into the Property recently including two new chillers, a UPS system, and building an additional 150 parking spaces on the adjacent land site owned by the tenant to accommodate continued growth at the campus.

PROPERTY OVERVIEW Address: 8675, 8701-8711 Freeport Parkway & Square Feet: 458,338 8901 Esters Boulevard 8675 Freeport Pkwy # of Floors: 5 Irving, TX 75063 8701-8711 Freeport Pkwy # of Floors: 3 Market: Las Colinas 8901 Esters Blvd # of Floors: 3 Submarket: DFW Freeport/Coppell Site Area: 23.7 acres Year Built: 1991/1996 Parking Ratio: 3.2 spaces per 1,000 SF (1,504 total Percent Leased: 100.0% spaces | 739 covered spaces)

7 | OFFERING SUMMARY | LAS COLINAS LOCATION SUBSTANTIAL DISCOUNT TO REPLACEMENT COST The Allstate Freeport Campus is strategically located with superb highway The Allstate Freeport Campus offers investors the opportunity to acquire a Class A infrastructure – sitting near the intersection of and John office asset at a substantial discount to replacement cost. Due to the high-quality Carpenter Freeway (SH-114) and adjacent to Dallas/Fort Worth International nature of the asset and the rising cost of new construction, the replacement cost Airport. The Property is positioned near some of the top retail, entertainment, and of comparable assets would likely be as much as $300 per RSF. mixed-use developments that Dallas/Fort Worth has to offer. These developments MISSION CRITICAL LOCATION include the 1,000-acre Cypress Waters master-planned community, $200 million Toyota Music Factory, and the $100 million Gables Water Street. Additionally, The Property been a strategic location for Allstate Insurance Company for over over 3,100 apartments have delivered in the Las Colinas market since 2015, 27 years, serving as the Texas regional headquarters. Over 29 separate business demonstrating the substantial migration of new residents and jobs to Las Colinas. divisions are housed in the Allstate Freeport Campus, supported by the more than 1,800 employees at this location. These mission critical business activities DYNAMIC OFFICE SUBMARKET include claims processing, sales, catastrophe claims, and regional invoice printing The Property is located in the DFW Freeport/Coppell submarket of Las Colinas. operations. This submarket has led Las Colinas with 3.0 million square feet of office absorption ABSOLUTE NNN LEASE WITH ANNUAL GROWTH in the past five years and rental rate growth of 20%. The submarket has experienced tremendous tenant demand with companies like CoreLogic, Brinker International, The Property is 100% leased to Allstate Insurance Company for approximately Darling Ingredients, 7-Eleven, and Zales, who have all recently executed leases. 6.4 years through June 30, 2025. The lease includes 2% contractual annual rent escalations that will increase by more than 12% through the remaining lease term. Due to the Absolute Net lease structure, a new owner would not incur the risk of building capital needs, providing a fully passive investment opportunity.

8 | OFFERING SUMMARY | INVESTMENT GRADE TENANT

The Allstate Insurance Company has been in business almost 90 years and is the largest publicly held personal property and casualty insurer in America. Allstate has over 43,000 total employees and over 82 million policies providing products and services to more than 16 million households nationwide. As of September 30, 2018, Allstate has assets of $14 billion and revenues of $40 billion in the trailing 12 months.

Allstate Insurance Company’s ratings reflect the group’s sustained top-tier position in the US personal insurance market, its access to multiple distribution channels, its strong operating profitability and its good capital adequacy.

ALLSTATE INSURANCE CO. (ALL) CREDIT RATINGS S&P: AA- Moody's: Aa3 $30.06B $40.18B $4.81B 2018 Q3 Y-O-Y GROWTH Market Cap Q3 2018 T-12 Revenue Q3 2018 T-12 Net Income Revenue: 8.3% Fitch: A+ Net Income: 30.6%

ALLSTATE (ALL) HIGHLIGHTS

#4 MARKET SHARE #79 STRONG CUSTOMER RETENTION 17% SHARE PRICE APPRECIATION EXPANSIVE NETWORK of Writers of Property/ on the 2018 Fortune 500 List with over 16 million households insured nationwide over the last two years with over 10,200 locations Casualty Insurance through approximately 34,160 licensed producers across the U.S.

9 | OFFERING SUMMARY | DOWNTOWN DALLAS 14 Miles

 HACKBERRY CREEK      COUNTRY CLUB

STAMPEDE CROSSING

Commercial Real 69 Million Annual Passengers Estate Group 4th largest airport in U.S.

121,531 VPD

Headquarters

140,427 VPD

10 | OFFERING SUMMARY | 121 380 DECATUR PROSPER DENTON 380

McKINNEY

PONDER LITTLE 380 FARMERSVILLE ELM CORINTH ARGYLE FRISCO Lewisville Lake ALLEN HIGHLAND THE COLONY 75 LUCAS VILLAGE JUSTIN Lavon Lake RHOME PLANO 114 LEWISVILLE WYLIE FLOWER MOUND MURPHY TROPHY Fort Worth ROANOKE 35E Alliance CLUB Grapevine Airport Lake ROYSE HASLET CARROLLTON Addison SACHSE 114 Airport CITY 287 COPPELL ADDISON RICHARDSON 190 SOUTHLAKE GRAPEVINE North KELLER 635 Lake FARMERS 30 35W BRANCH ROCKWALL AZLE 635 Mountain LAS COLINAS Preston GARLAND Hollow Lake ROWLETT Lake Highlands SAGINAW Dallas/Fort Worth 114 COLLEYVILLE International DALLAS CONTACTS WATAUGA Airport LOVE FIELD AIRPORT University Lake Ray Hubbard NORTH BEDFORD IRVING Park TODD SAVAGE ANDREW LEVY 199CHRIS MURPHY PARKER MCCORMACK 820 RICHLAND 75 121 183 White Rock Highland HEATH HILLS Park Lakewood Lake Managing Director Senior Managing Director Senior DirectorLAKE Fort Worth Director EULESS Meacham HURST 35E [email protected] [email protected] [email protected] Worth WORTH Airport [email protected] 161 12 360 Uptown HALTOM CITY 30 SUNNYVALE (469) 232-1930 (469) 232-1961 (469) 232-1941 FORT(469) 232-1952121 NAS Joint Reserve DALLAS 80 Base Fort Worth 30 Debt Contact WORTH 30 WHITE WESTOVER MESQUITE CBD GRAND PRAIRIE FORNEY MICHAEL GEORGE WESLEY GILMER SETTLEMENTBRANDON CHAVOYAHILLS OAK CLIFF 175 820 ARLINGTON 635 45 Director Analyst 30 Managing820 Director Lake Mountain 35W Arlington Creek Lake [email protected] [email protected] [email protected] BALCH 20 20 DALWORTHINGTON SPRINGS (469) 232-1906 (469) 232-1932 (469) 232-1967 FOREST HILL GARDENS 20 BENBROOK DUNCANVILLE HUTCHINS EDGECLIFF 20 SEAGOVILLE VILLAGE Joe Pool CRANDALL Benbrook Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are360 owned byLake HFF, Inc. (NYSE: HF).67 HFF and its affiliates Lake 287 DE SOTO LANCASTER 175 operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information35E please CEDAR HILL KAUFMAN visit hfflp.com or follow HFF on Twitter @HFF. CROWLEY HFF has been engaged by the owner of the properties to market them for sale. Information concerning the properties described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representationsBURLESON or warranties, express or implied,MANSFIELD as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be FERRIS based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change. MIDLOTHIAN