FM 1093 & Peek Road Land Site

+/- 11.5 ACRES OUT OF 25.65 K A T Y , T E X A S

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FM 1093

FM 1093 & PEEK RD LAND SITE

Prime Multifamily / Seniors Housing Site Ae r i a l Ov e r v i e w

Barker Cypress N

5 4 Colonial Pkwy 7 3 1 10

2 6 3

Kingsland Blvd

2 Falcon Point

Mason Rd Golf Course

Cinco Ranch Golf Club at Developments High School Cinco Ranch 1 Vista - Reserve at Grand Parkway - 87 Ac 2 KBR Campus - 1 million SF/5,000 jobs

4 3 Interfin - 193 Ac (including 80 Ac Business Park) 4 Kickerillo/Interfin - 114 Ac 5

99 Willow Fork Golf Course Retail Cinco Ranch 1 The Shops at Bella Terra Home Values range 2 Grand Corners - future development $170,000 - over $1 million 3 Seven Meadows Shopping Center (HEB, Palais Royal) 4 La Centerra (Ann Taylor Loft, Perry’s Steakhouse)

5 Village Center at Cinco Ranch (Super Target) Fry Rd 6 Katy Mills Mall (Bass Pro Shops, AMC Theatres) 3 Meadowbrook 7 Simon Mall (proposed 1.1 million SF; 2013 construction) Farms GRAND LAKES Golf Course SUBDIVISION Seven Lakes Hospitals High School SEVEN MEADOWS 1 Memorial Hermann Katy SUBDIVISION 2 2 St. Luke’s Hospital - future development WESTPARK TOLLWAY 3 Christus St. Catherine 1 4 Texas Children’s Hospital - under construction FM 1093 & FORT BEND WESTPARK TOLLWAY 5 Methodist Hospital Katy - under construction PEEK ROAD SITE 6 Methodist Hospital Katy - future development FM 1093 & PEEK ROAD LAND SITE Katy, TX

Investment Highlights

Property Description Median All Owner-Occupied Housing Value for the area within The Property, consisting of +/- 11.5 acres of land, is located 25 a 3 mile radius of the Property are $143,467 and $246,906, miles west of Downtown Houston in Katy, Texas, the second-fastest respectively. Approximately 80% of these homes have been built growing residential community in the United States. The site is in the last 10 years. situated at the northwest corner of FM 1093 and Peek Rd., just east of the intersection of SH 99 (The Grand Parkway) and The Westpark Retail Tollway, the two largest thoroughfares in the West Houston/Katy Various new and proposed shopping centers are in the immediate area. This location places the Property at the center of various vicinity of the subject property. These include The Shoppes at Bella new master-planned residential neighborhoods including Cinco Terra, The Village Center at Cinco Ranch, Seven Meadows, and Southwest, Grand Lakes, Seven Meadows, Westheimer Lakes, Grand Corners. Retail connection is expected to break ground on Parkway Lakes, Grand Mission, and Westpark Lakes. The Property Grand Corners, a 398,516 square foot shopping center at the also benefits from its location inside Katy Independent School northeast corner of FM 1093 and the Grand Parkway later this district, excellent demographics, nice visibility along FM 1093/ year. Grand Corners is scheduled for completion by first quarter The Westpark Tollway, proximity to various retail centers including 2010. Moody Rambin continues construction on their Super The Village Center at Cinco Ranch, The Shops at Bella Terra, and Wal-Mart anchored center at the southwest corner of the Grand La Centerra, and its accessibility to major employment centers. Parkway and the Westpark Tollway. Other notable tenants include Best Buy, Kohl’s, PetsMart, Sports Authority, Ross Dress for Less, Explosive Growth and Marshall’s. Seven Lakes shopping center includes a Home Over the last decade the Katy area has experienced rapid growth. Depot and the largest HEB in the Greater Houston Area. Seven The success of master-planned communities such as Cinco Ranch Lakes shopping center is less than 2.5 miles north of the subject and increases in infrastructure like the construction of the Westpark property along the Grand Parkway. Village Center at Cinco Tollway and the recent reconstruction of the Katy Freeway Ranch, La Centerra, and Katy Mills Mall are all in close proximity can largely be credited for this vast expansion westward. The to the Property, all just north or the Property and easily accessible construction of new single-family neighborhoods, business parks, via The Grand Parkway. hospitals, entertainment venues, and shopping centers have also helped transform Katy from a small Texas Coastal Prairie town Golf Courses to what it is today, and this shows no sign of slowing. All of this The West Houston/Katy area is home to several entertainment development has led Katy to taking home an impressive 2nd place venues, including several championship golf courses nestled among ranking in Business Week’s “America’s Biggest Boomtowns”, a the new and growing residential neighborhoods. Meadowbrook study performed jointly between Business Week and The Gadberry Farms Golf Course, located in the Seven Meadows, is less than 2 Group released in February 2009. miles from the subject property. The Golf Club at Cinco Ranch is located at the center of the Cinco Ranch master-planned community Demographics along Cinco Ranch Boulevard. Willow Fork Golf Course is located The Property benefits from some of the strongest demographics in between South Mason Road and South Fry Road along Westheimer the Greater Houston Metropolitan Area. The areas within a 1 mile Parkway, and Falcon Point is just southeast of Katy Mills Mall near radius, 3 mile radius, and 5 mile radius of the subject property the intersection of Interstate 10 and the Grand Parkway. had estimated population growths of 386.96%, 229.33%, 115.99%, respectively from 2000 to 2009. These same areas Katy ISD – TEA Recognized District are expected to have additional growth of 41.72%, 36.30%, Katy Independent School District encompasses 181 square miles in and 28.17%, respectively over the next 5 years. The majority of the West Houston/Katy area, stretching from the Energy Corridor this growth can be attributed to the vast development of master in the east to a few miles west of the City of Katy along Interstate planned single family neighborhoods such as Cinco Ranch, Cinco 10. Katy ISD currently has 51 schools, all of which are considered Southwest, Seven Meadows, Grand Lakes, Westheimer Lakes, Academically Acceptable or better by the Texas Education Parkway Lakes, Westpark Lakes, Lakemont, and Grand Mission Agency. 2008 TEA Accountability Ratings show 16 Katy ISD by developers such as Newland Communities, David Weekley, schools as Exemplary, 19 as Recognized, and 11 as Academically KB Homes, and Newmark Homes. The 2009 estimated number Acceptable. For the 2008-2009 school year Katy ISD employed a of households within 1 mile, 3 miles, and 5 miles of the Property staff of approximately 7,500 individuals and had a total enrollment is 1,669, 13,010, and 36,578, respectively. These numbers are of approximately 57,000 students. The average teacher salary for expected to increase by 40.62%, 35.6%, and 28.02% to 2,347, the 2007-2008 school year was a strong $48,385. The subject 17,641, 46,826, respectively by 2014. Moreover, the 2009 property is located just inside Katy ISD’s southern boundary of FM Estimated Annual Household Income and the 2009 Estimated Investment Highlights (cont.)

1093 and is zoned to Creech Elementary (Exemplary), Beck Junior Thoroughfares High (Recognized), and Seven Lakes High School (Recognized). The Property benefits from its proximity to the two largest thoroughfares in the West Houston/Katy Area. The Grand Parkway, Healthcare & Office directly west of the Property, is Houston’s third outer loop that when Since 2005 the West Houston/Katy area has experienced completed will encircle the entire Greater Houston Area very much approximately $881,000,000 in capital investment by healthcare like Beltway 8 closer in. The Grand Parkway provides easy access institutions, translating into over 2 million square feet of hospital to Interstate 10 to the north and State Highway 59 to the south. The and specialty care facilities and approximately 2,645 new jobs Westpark Tollway is a limited-access toll road serving west Houston, to the Katy Area. Memorial Hermann, Christus St. Catherine, Harris County, and northeastern Fort Bend County. Completed in Methodist, Texas Children’s and St. Luke’s have all recently built 2005, the Westpark Tollway spans approximately 15 miles from or are in the process of developing new hospitals in the West Post Oak Boulevard in Houston’s Uptown District to west of SH Houston/Katy area. Memorial Hermann Katy Hospital is located 99 (The Grand Parkway), where at that point it turns into the Fort at the northwest corner of Interstate 10 and the Grand Parkway, Bend Westpark Tollway. The Westpark Tollway runs parallel and Christus St. Catherine is located on S. Fry Rd near Interstate 10, south of Westheimer Road and provides easy access to Beltway Methodist and Texas Children’s are currently under construction 8 and Highway 59 as well as major employment centers such as along Interstate 10 between Greenhouse and Barker Cypress, and The Westchase and Uptown Districts, The Galleria, and Greenway St. Luke’s is expected to break ground at the southwest corner of Plaza. Other major thoroughfares easily accessible via the Grand the Grand Parkway and Kingsland Boulevard later this year. Parkway include FM 1093, South Fry Road, Westheimer Parkway, Cinco Ranch Boulevard, Highland Knolls, Mason Road and KBR has chosen Trammell Crow Company as the developer of Interstate 10 (The Katy Freeway). The Katy Freeway has just gone it’s new West Houston Campus, a 910,000 square foot office through a massive redevelopment in which the 23 mile stretch of compound expected to mirror ConocoPhillips’ and BP’s locations Interstate 10 from west of the city of Katy to Loop 610 has been in the Energy Corridor about 10 miles to the east in size. The expanded from 3 lanes in each direction and one HOV lane at West Houston campus will utilize low-rise, tilt-wall construction the center to 5 lanes in each direction plus 2 separated HOV/ and is being designed within LEED specifications. Sources say managed lanes in each direction. The redevelopment, starting this will bring about 4,500 jobs to this location. (Katy Economic in May 2003, took approximately 6 years to complete and has Development Council & HBJ) drastically reduced congestion from the City of Katy to Downtown Houston.

POTENTIAL SITE PLAN Ar e a Hi g h l i g h t s

Re t a i l THE SHOPS AT BELLA TERRA SWC OF GRAND PARKWAY AND fm 1093 - MOODY RAMBIN Super Wal-Mart Ross Best Buy Sports Authority Kohls Marshalls PetsMart Whataburger

LA CENTERRA at cinco ranch SWC of grand parkway and cinco ranch blvd - vista Ann Taylor LOFT Talbots Coldwater Creek White House Black Market Eddie Bauer Mission Burrito Jos. A Bank Clothiers Perry’s Steakhouse

GRAND CORNERS NEC of Grand Parkway and 1093 - The Retail Connection - 398,516 square feet proposed - directly west of subject property - Approximately 34 acres

VILLAGE CENTER AT CINCO RANCH - PROPERTY COMMERCE

other area highlights

Neighborhoods Thoroughfares

• Grand Lakes • FM 1093 - The Westpark Tollway • Seven Meadows • Grand Parkway • Cinco Ranch • S. Fry Road • Parkway Lakes • Westheimer Parkway • Westheimer Lakes • Cinco Ranch Blvd. • Westpark Lakes • Highland Knolls • S Peek Drive • Mason Road Golf Courses

• Meadowbrook Farms Golf Course • The Golf Club at Cinco Ranch • Willow Fork Golf Course • Falcon Point Country Club

Ar e a De m o g r a p h i c s

AREA DEMOGRAPHICS

SOURCE: 2009 CLARITAS, INC. 1 mile radius 3 mile radius 5 mile radius

Gr o w t h 2009-2014 41.72% 36.30% 28.17%

Gr o w t h 2000-2009 386.96% 229.33% 115.99%

2009 Es t Av e r age Ho u s e h o l d In c o m e $120,232 $135,296 $124,403

2009 Es t Av e r age Fa m i l y Ho u s e h o l d In c o m e $126,324 $143,467 $132,910

2009 Es t Me d ia n Al l -Ow n e r Ho u s i n g Va l u e $228,840 $246,906 $211,667

seniors housing DEMOGRAPHICS

SOURCE: 2009 CLARITAS, INC. PMA USA

Ad u l t Ch i l d (45-64) Po p u l a t i o n

2009 Po p u l a t i o n 45-64 55,845 78,891,421

Fo r e c a s t e d 2014 Po p u l a t i o n 45-64 73,049 84,896,121

Fo r e c a s t e d An n u a l Gr o w t h , 2009-2014 5.52% 1.48%

2009 Age 45-64 Po p . a s % o f To t a l Po p . 27.78% 25.73%

65 Pl u s Po p u l a t i o n

2009 Po p u l a t i o n 65+ 11,454 39,578,194

Fo r e c a s t e d 2014 Po p u l a t i o n 65+ 19,652 46,005,033

Fo r e c a s t e d An n u a l Gr o w t h , 2009-2014 11.40% 3.06%

2009 Age 65+ Po p . a s % o f To t a l Po p . 5.70% 12.91%

75 Pl u s Po p u l a t i o n

2009 Po p u l a t i o n 75+ 3,940 18,870,786

Fo r e c a s t e d 2014 Po p u l a t i o n 75+ 5,744 20,320,371

Fo r e c a s t e d An n u a l Gr o w t h , 2009-2014 7.83% 1.49%

2009 Age 75+ Po p . a s % o f To t a l Po p . 1.96% 6.15%

85 Pl u s Po p u l a t i o n

2009 Po p u l a t i o n 85+ 927 5,738,990

Fo r e c a s t e d 2014 Po p u l a t i o n 85+ 1,357 6,513,114

Fo r e c a s t e d An n u a l Gr o w t h , 2009-2014 7.92% 2.56%

2009 Age 85+ Po p . a s % o f To t a l Po p . 0.46% 1.87%

In c o m e Le v e l s

Me d ia n In c o m e Le v e l Age 65 t o 69 $65,467 $40,223

Me d ia n In c o m e Le v e l Age 70 t o 74 $59,641 $37,994

Me d ia n In c o m e Le v e l Age 75 t o 79 $42,411 $31,030

Me d ia n In c o m e Le v e l Age 80 t o 84 $32,256 $28,178

Me d ia n In c o m e Le v e l Age 85+ $27,700 $24,522

Tr a f f i c Cou n t s Us e f u l We b s i t e s Grand Parkway North of FM 1093: 38,000 Vehicles/day www.katyisd.org www.katyfreeway.org Grand Parkway Sorth of FM 1093: 26,650 Vehicles/day www.tea.state.tx.us www.cincoranch.com FM 1093 West of Grand Parkway: 14,800 Vehicles/day www.hctra.org www.katytexas.com FM 1093 East of Grand Parkway: 39,412 Vehicles/day In f o r m a t i o n Ab ou t Br o k e r a g e Se r v i c e s

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

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Buyer, Seller, Landlord or Tenant Date

Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question EQUAL HOUSING OPPORTUNITY or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or 512-465-3960.

01A TREC No. OP-K

59 45

FM 1093 & PEEK ROAD SITE

45 90

90 EXCLUSIVELY PRESENTED BY 610 APARTMENT REALTY ADVISORS CENTRAL REGION

FOR MORE INFORMATION 610 ON THIS PROPERTY PLEASE CONTACT

Apartment Realty Advisors 675 Bering Drive, Suite 500 90 Houston, TX 77057 Tel: (713) 599-1800 59 Fax: (713) 599-1801

Tim Dosch [email protected]

David Marshall [email protected]

This information has been derived from sources deemed reliable. However, it is subject to errors, omissions, price change and/or withdrawal, and no warranty is made as to the accuracy. Further, no warranties or representation shall be made by Apartment Realty Advisors (ARA) and/or its agents, representatives or affiliates regarding oral statements which have been made in the discussion of the above property. This presentation, prepared by ARA, was sent to the recipient under the assumption that s/ he is a buying principal. Any potential purchaser is advised that s/ he should either have the abstract covering the real estate which is the subject of the contract examined by an attorney of his/her selection, or be furnished a policy of title insurance.

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