Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp. a licensed real estate broker (“HFF”) Infill, Value-Add Multi-Housing Investment Opportunity | , Texas

Tanglewood at Voss is an infill, 376-unit multi-housing community originally Investment Summary constructed in 2008 by Trammell Crow Residential. Approximately 75% of the units feature original finishes, and updated units are receiving $85 to $100 premiums. The Class A, mid-rise wrap asset encompasses two phases across the street from one another. Each phase is wholly contained with its own clubhouse and pool. They can be 7510 Burgoyne Road | Houston, TX 77063 operated together or separately. Price Market Tanglewood at Voss is a highly visible asset with exposure to 42,648 cars daily Offering Terms All Cash just south of one of Houston’s most affluent residential enclaves. It is part of the Year Constructed 2008 Total Units 376 Galleria/Uptown District submarket (83,000+ jobs) and only two miles west from the Total SF 334,097 heart of the district. Residents are within five minutes of abundant retail and dining Avg Unit Size SF 889 opportunities, including Kroger Signature, Trader Joe’s and Whole Foods. Avg Market Rent/Unit $1,366 Avg Market Rent/SF $1.54 Tanglewood at Voss did not incur damage during Hurricane Harvey, and the market Total Acreage 5.84± around it has tightened considerably within the past month. It is available All Cash Leased | Occupied 99.5% | 92.0% and at an attractive basis relative to replacement cost. The information above is as of September 14, 2017.

Atlanta | Austin | Boston | Carolinas | Chicago Denver | Dallas | HOUSTON | Indianapolis | Los Angeles | Miami | New Jersey | New York | Orange County | Orlando | Philadelphia | Pittsburgh | Phoenix | Portland | San Diego | San Francisco | Tampa | Washington, D.C. | London AERIAL VIEW FACING EAST AERIAL KEY Employment 1 4 28 5 29 2 Marathon Oil Tower 7 23 3 Galleria/Uptown District 27 10 6 11 26 4 Downtown Houston 16 2 18 24 5 17 19 6 1 22 3 9 7 Residential 8 Briargrove (Avg For Sale: $880K) 25 9 Tanglewood (Avg For Sale: $2.6M) 14 Fountain View Dr Westheimer Rd 10 River Oaks (Avg For Sale: $3M ) 15 11 West University (Avg For Sale: $1.8M ) 21 Retail 8 12 Kroger Signature 13 24 Hour Fitness 14 HEB Plus 15 Rice Epicurean Market San Felipe St 16 Uptown Plaza 17 BLVD Place 13 18 River Oaks District 19 The Galleria Westheimer Crossing 12 20 20 (Academy, DSW, REI, Petco) South Voss Rd Schools 21 Briargrove Elementary School 22 Tanglewood Middle School 23 Rice University 24 HCC West Loop Campus Points of Interest 25 Trotter Family YMCA 26 Memorial Park 27 River Oaks Country Club 28 Museum District MARKETING ADVISORS DEBT ADVISOR 29 NRG Park/Stadium Todd Marix Chris Curry Cortney Cole hfflp.com Senior Managing Director Managing Director Managing Director Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp. a Texas licensed real estate broker (“HFF”) 713 852 3457 713 852 3466 713 852 3563 Holliday Fenoglio Fowler, L.P. (“HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). [email protected] [email protected] [email protected] HFF operates out of 24 offices and is 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 Chris Young Joey Rippel sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF Director Director on Twitter @HFF. 713 852 3549 713 852 3527 HFF has been engaged by the owner of the property [properties] to market it [them] for sale. Information concerning the property [properties] [email protected] [email protected] 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 representations or warranties, express or implied, as to the accuracy or completeness of such information. Estee Ibáñez Connor Phillips 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 Real Estate Analyst Real Estate Analyst diligence criteria different from that used by a purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be 713 852 3565 713 852 3533 based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely [email protected] [email protected] on those results. The information contained herein is subject to change.