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Home , Central Market (Texas), Greenway Plaza, River Oaks Country Club, River Oaks District, Texas Medical Center, The Galleria

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11 10 9 8 7 4 6 SITE Weslayan Street 3 5 Total of 2 1.7 Acres 1 NOTABLE AREA PROPERTIES 1 – High-Rise Development 2 – Medical Office Development 3 – Novel River Oaks Development 4 – River Oaks Baptist School 5 – River Oaks Neighborhood 6 – Highland Village 7 – Park Place Office Development 8 – 9 – The Ivy & The James Multifamily 10 – Uptown District 11 – 12 – 13 – 2929 Weslayan High-Rise 3703 Westheimer AN EXTRAORDINARY DEVELOPMENT OPPORTUNITY OFFERS DUE SEPTEMBER 30TH, 2019 Drake Realty Group is pleased to announce the exclusive listing of a spectacular, premier infill core redevelopment opportunity strategically located in the heart of River Oaks, at 3703 Westheimer Rd., totaling 1.7 acres.

The Property is conveniently located near The Galleria, Uptown, , Downtown, The Medical Center, and is in close proximity to Highland Village, River Oaks District, River Oaks Shopping Center, and the heart of the Galleria amenities. The opportunity offers the best of what Houston has to offer with the Property being located adjacent to the exclusive residential community of River Oaks, and only minutes away from all of Houston’s major employment centers, as well as Houston's premiere shopping district, the finest hotels, restaurants and night spots.

OFFER PROCESS The Property will offer qualified investors an opportunity to create the area's newest premier, upscale development in one of the most sought after areas in Houston.

The Property is being offered on an "All Cash" basis and prospective purchasers will have the opportunity to visit the Property through scheduled tours with Drake Realty Group.

OFFER REQUIREMENTS Any offers should be presented in the form of a non-binding Letter of Intent and must include at a minimum:

1) Pricing 2) Due Diligence and Closing Timeline CONTACT INFORMATION 3) Earnest Money Deposit 4) Proposed Development Plans Kyle Drake 5) Qualifications to Close [email protected] 6) Description of Debt/Equity Structure T: (713) 627-0501 M: (713) 204-3612 Purchase terms will require cash to be paid at closing. Offers should be delivered to the attention of Kyle Drake via fax or email.

DUE DILILGENCE INFORMATION To access the due diligence information, please visit the property website at www.riveroakssite.com HIGHLIGHTS: • Premier infill core location totaling 1.7 acres • Located in River Oaks, one of Houston’s most exclusive, sought after submarkets • Located near some of Houston’s most prominent mid-rise and high-rise multifamily developments, mixed- use, hotels and prime upscale retail developments • Will offer spectacular views of Houston Galleria area, , Greenway Plaza, River Oaks and Memorial Park • Will offer unobstructed views in all directions • Last remaining large developable site in River Oaks • Located .3 miles from Highland Village, .95 miles from River Oaks District and 1.4 miles from The Galleria • Walking distance from The Briar Club and the River Oaks Park • Close vicinity to Memorial Park. A 1,503 acre park development off of Memorial Dr., and Loop 610 that contains a 600 acre golf course, The Houston Arboretum and Nature Center, and miles of jogging and biking trails • Access to major freeways that include I-610 Loop, Interstate 10, US Highway 59 and US Highway 290 • 5 out of the top 10 Houston Private Companies and 7 out of the Top 10 Houston Companies are located within 7.5 miles of the available site

*Houston's Top Private Companies *Houston's Top Public Companies Rank Company **Miles Rank Company **Miles 1 Calpine 5.6 1 ConocoPhilips 14 2 Gulf States Toyota 14.3 2 Cheniere Energy 5.6 3 Academy 23 3 Cheniere E. Partners 5.6 4 Landry’s 1.9 4 Plains All American Pipeline 5 5 Ascend Performance 5.7 5 Penn Virginia Corporation 17 6 G&A Partners 18.7 6 Plains GP Holdings 5.4 7 David Weekly 4.6 7 Occidental Petro. Corporation 1.2 8 Smith 10.5 8 Marathon Oil Corporation 2.7 9 Mustang Cat 11.1 9 Adams Resources and Energy 1.5 10 S&B Engineering 2.7 10 Baker Hughes, a GE Company 12.5

* According to the , www.chron.com/business/chron-100, published ……… ** Distance from 3703 Westheimer Street, Houston,

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Greenway Plaza

SITE The Briar Club Total of 1.7 Acres E

American General Center Houston CBD Hanover River Oaks The Huntington Kirby Collection

The River Oaks Lamar Tower St. John’s School Lamar High School The RO Development

River Oaks

The Briar Club

SITE Total of 1.7 Acres N

Memorial Park The Willowick Condos Inwood Manor Condos

San Felipe St.

River Oaks Neighborhood Novel River Oaks Multifamily Medical Office Development Development

Westheimer Road Randall Davis The Briar Club High-Rise Development

SITE Total of 1.7 Acres NW Arabella The Galleria Uptown District The Ivy & The James River Oaks District The Willowick Park Place Condos Highland Village River Oaks Baptist School HEB Central Market

Novel River Oaks River Oaks Medical Office Neighborhood Development Randall Davis High-Rise Development SITE Total of 1.7 Acres SW Williams Tower

2929 Weslayan Afton Oaks Aria at Willowick Park Neighborhood Greenway Commons

TCR Alexan Lynn HEB Central Park Development Market

SITE Total of Randall Davis 1.7 Acres High-Rise Development S

Greenway Plaza West University Place

Greenway Commons

TCR Alexan Lynn Park Development W Alabama St.

SITE Total of 1.7 Acres The Briar Club See Where Houston Ranks

▪ Top Metro For Economic Growth Potential Business Facilities Magazine – July 23, 2018

▪ The Langston Co. names Houston the nation’s, “Best City For Millennials” (2019)

▪ Houston named the #2 best city in the world to live according to expats by Business Insider (2017)

▪ Houston's Texas Medical Center is the largest medical center in the world, with 21 hospitals, eight academic and research institutions, and 50 total related organizations, all not-for- profit. 2017 Hospital Rankings by U.S. News & World Report: Houston Methodist Hospital - Best Hospital in Texas

▪ Top U.S. Metros For Job Growth (Between October '08 AND October ‘18) U.S. Bureau of Labor Statistics – November 2018

▪ Best Markets To Purchase Multifamily Assets Ten-X (as reported by Houston Chronicle) – August 3, 2018

▪ Houston was named one of the "Top 3 American cities of the future" by the Financial Times (2017)

▪ Houston ranked #3 in Fortune's "Number Of Fortune 500 Headquarters" with 24 companies (2016) MARKET: Houston River Oaks / Highland Village

With a booming economy, Houston has seen unparalleled River Oaks, nestled between The Galleria and Montrose is growth in recent years. Houston 's labor force is at 3.4 located within 610 Loop between Downtown and Uptown million jobs and counting and has more jobs than Maryland, spanning over 1,100 acres. Home to River Oaks Country Arizona or Colorado. Houston is one of the the fastest Club and one of the most expensive neighborhoods in growing major metropolitan area in Texas since 2004 and as Houston, originally developed in the 1920’s. The community the fourth largest city in the U.S. and the sixth largest MSA, is located in a region bounded on the north by , Houston is ready-made for business success. on the east by South Shepherd Drive, on the west by Willowick Rd. / Weslayan St., and on the south Houston added just over 114,000 jobs in the 12 months by . River Oaks is located northeast ending in November 2018, more than any other US of Uptown, north of the district, west metropolitan area. Houston’s lead in employment growth of Neartown, and is near to the freeway system and many came just as the price oil began to soften in late 2018. major thoroughfares such as Westheimer Road, Kirby Drive Houston’s performance barely edged out New York, which and San Felipe Street. added 113,000 net new jobs over the same period. No other metropolitan area gained in excess of 100,000 jobs, though Highland Village is located inside the 610 Loop in the triangle two came close: /Fort Worth added nearly 95,000 jobs formed by Greenway Plaza, Uptown, and River Oaks. This during the period and Phoenix was up by nearly 87,000. upscale shopping center located near The Galleria features Houston, Phoenix, Cleveland, Seattle, and New York were the prestigious nationally known retailers, exclusive specialty five metropolitan areas experiencing the most acceleration in stores, and fine restaurants Stores in the area job growth between November 2017 and November 2018. include Highland Village Shopping Center, H-E-B’s Central Seattle, for example, added nearly 48,000 jobs for the 12 Market, and Rice Epicurean . Shopping months ending in November 2017, but in the 12 months that in Uptown and the Upper Kirby districts are nearby. followed, the net gain jumped to more 72,000 jobs. Market Dynamics Houston has become an international destination and one of the world's great cities. The River Oaks / Highland Village area is a charismatic, As a major corporate center. Houston is home to 23 Fortune urban community located west of Downtown with an average 500 companies. per capita income higher than areas like Buckhead (, GA), Highland Park Village (Dallas, TX) and Beverly Center (Beverly Hills, CA). OTHER SUBMARKETS OF HOUSTON: Downtown (7.4 miles) Greenway Plaza (1 mile)

▪ Houston's central business district, ▪ Houston’s first completely master-planned business- hosting 10 of Houston’s 20 Fortune 500 commercial-residential complex developed companies ▪ One of ’s largest employment centers, ▪ Largest business district in Houston comprised of 11 commercial buildings with 4.4 million square feet of office space on a 52-acre campus ▪ Employs more than 150,000 employees by 3,500 businesses and contains 50 million ▪ Class A office in a pedestrian-oriented environment square feet of office space supported by acres of activated plaza, green and indoor gathering spaces, plus elevated food and beverage ▪ Home to three major league sports venues providers and a myriad of services spanning from Minute Maid Park, Toyota Center and BBVA coworking and conferencing to fitness and beauty Compass Stadium) and the George R. Brown Convention Center Galleria/Uptown (1.4 miles) Texas Medical Center (4.7 miles) ▪ 17th largest business district in the U.S. with over 24 million ▪ Largest medical complex in the world square feet of office space and over 2000 companies

▪ Eighth largest business district in the world ▪ 23% of Houston’s Class A office space

▪ Home to 54 medical related institutions that ▪ The Galleria is the largest mall in Texas and 7th largest in include 21 hospitals, 8 specialty institutions, 8 the with 339 stores and 3 million square feet academic and research institutions, 3 medical schools, 6 nursing schools ▪ Home to major employers like Enbridge, Air Liquide America, Apache Corp., Marathon Oil Corp., BHP ▪ Employs over 106,000 workers that include Billiton, iHeart Media, Inc., Landry’s, Duke Energy, 20,000 advanced degreed professionals in life BBVA, Schlumberger, Bechtel Corp and many more science OTHER SUBMARKETS OF HOUSTON: Energy Corridor (12 miles) (2.9 miles)

▪ Home to 300 multi-national, national and local ▪ Over 300 shops in the immediate 16-block area companies ▪ Boutiques and eclectic shops as well as high-end clothing ▪ Over 26 million square feet of Class A office space stores such as Chico’s, Talbots, White House Black Market, Banana Republic, Kendra Scott, Altar’d State and Warby ▪ One of Houston’s largest employment centers Parker

▪ Home to some of Houston’s largest national and ▪ Dining options include a variety of food from all over the international companies, such as BP America, world including Japanese, Chinese, French, Italian, ConocoPhillips and Shell Mexican, Spanish, Mediterranean, and Vietnamese, as well as Mendocino Farms, , Hopdoddy, and Torchy ▪ Close to 100,000 employed workers and more than Tacos 33°/o of Houston area architects and engineers live within a 30-minute commute zone (the available Property is within this commute zone) 5851 San Felipe St., Suite 220 Houston, Texas 77057 Phone: (713) 627-0555 DrakeRealtyGroup.com

More information is available on our website at: www.riveroakssite.com

▪ MULTIFAMILY ASSETS ▪ MIXED-USE PROJECTS ▪ LAND DISPOSITION & DEVELOPMENT SERVICES Disclaimer

Prospective investors in the Property (“prospective purchasers”) are hereby advised that the Owner of the Property is soliciting offers through Drake Realty Group, LLC (“DRG”), which may be accepted or rejected by the Owner at the Owner’s sole discretion. Any solicitation of an offer for the Property offered hereunder will be governed by this Offering, as it may be modified or supplemented from time-to-time. Prospective purchasers are advised that as part of the offer process, the Owner will be evaluating several factors including the terms of sale and the experience and financial qualifications of the purchasing entity. The Owner shall have no obligation to accept any offer from any prospective purchaser. The Owner reserves the right to withdraw the Property from consideration at any time prior to final execution of a Purchase Agreement. This Offering document is furnished to prospective purchasers for the purpose of determining whether to invest in the Property offered hereby. The information contained herein, or any other related information provided by the Owner or DRG, may not be reproduced, redistributed or used in whole or in part without the prior written consent of the Owner. No person has been authorized to give any information or make any representation or warranty, either expressed or implied and, if given or made, such information or representation must not be relied upon. While the Owner and DRG have no reason to believe that the information provided herein or in subsequent information updates delivered to prospective purchasers hereunder contains any material inaccuracies, neither the Owner nor DRG nor any of the Owner’s or DRG’s respective subsidiaries, affiliates, companies, or the officers, directors, employees, agents and representatives of any such entities, etc., make any representations or warranties, expressed or implied, as to the validity, accuracy or completeness of the information provided or to be provided, and nothing herein shall be deemed to constitute a representation, warranty or promise by any such parties as to the future performance of the Property or any other matters set forth herein. Any obligations to prospective purchasers that the Owner may have with respect to the Properties are limited to those expressly set forth in a fully executed Purchase Agreement by both the Owner and the prospective purchaser. Prospective purchaser’s sole and exclusive rights against the Owner with respect to prospective transactions, the Property, or information provided herein or subsequently, shall be limited to those remedies expressly provided in an executed Purchase Agreement, which shall not service the closing. Further, in no event shall prospective purchasers have any claims against the Owner, DRG, or any of their respective affiliates for any damages, liability, or causes of action relating to the Purchase Agreement. No commission or finder’s fee shall be payable to any party by the Owner nor any affiliate or agent thereof in connection with the sale of the Property. Prior to purchasing, prospective purchasers should consult with their own legal counsel and personal and tax advisors to determine the consequences of an investment in the Property and arrive at an independent evaluation of such investment through their own independent due diligence investigation.