1.06 AC - CORE W. 7TH DEVELOPMENT SITE 2816 & W. 7TH STREET & 2329 W. 6TH STREET | FORT WORTH, TEXAS 76107

confidential offering memorandum davidson & bogel real estate LISTING TEAM

CAMERON DEPTULA JAKE MILNER INVESTMENT SALES URBAN c: 214.497.0276 c: 817.999.5660 o: 214.526.3626 x 116 o: 214.526.3626 x 109 e: [email protected] e: [email protected] www.DB2RE.com www.DB2RE.com

TABLE OF CONTENTS

SECTION 1 EXECUTIVE SUMMARY 04

SECTION 2 PROPERTY INFORMATION 08

SECTION 3 LOCATION OVERVIEW 18

SECTION 4 MARKET OVERVIEW 26

SECTION 5 DISCLAIMER 30

2929 Carlisle Street, Suite 250 , TX 75204

1.06 AC - 2816 W. 7TH STREET | DB2RE | 3 THE OFFERING

DAVIDSON & BOGEL REAL ESTATE is pleased to present 2816 W. 7th Street the opportunity to purchase the rare 1.06 AC tract at 2816 W. 2329 W. 6th Street LOCATION: 7th Street, an iconic once-in-a-generation development site Fort Worth, Texas 76107 within the core of Fort Worth’s W. 7th District. The Property is Tarrant County strategically located between Currie Street and Foch Street along W. 7th Street. The offering boasts over 350 feet of W. SALE PRICE: Market 7th frontage and is one of the largest and last redevelopment opportunities in the market, much less along the high-barrier W. 7th corridor. Zoned MU-2, investors and/or developers will benefit BUILDING SIZE: 7,799 SF (To be Demolished) from this flexible high-density zoning classification. As one of the fastest growing cities and infill markets in the U.S., the Property boasts a coveted centralized location with convenient access to world renowned entertainment venues and countless amenities. LOT SIZE: 1.06 AC / 46,210 SF Surrounding venues and developments include: the Foundry District, Montgomery Plaza, W. 7th Entertainment District, Fort Worth Cultural District, West Bank, Crockett Row and Dickies OCCUPANCY: 0.00% (To be Vacated at Cosing) Arena, among many others.

Over the last several years, the W. 7th District has evolved into one of the most dynamic urban live, work, play destinations in YEAR BUILT: 1939 the U.S. As a result of its strategic positioning and high-density zoning, the W. 7th District has experienced tremendous growth with a wide variety of uses. Today, the area is home to various ZONING: MU-2 upscale developments and traffic generators that attract over 01. EXECUTIVE SUMMARY 8 million visitors annually. As Fort Worth’s most desired infill destination, the barrier to entry is high, significantly limiting new entrants and developments. With limited land available, DEBT: Free & Clear the offering is a true once-in-a-generation opportunity for both investors and developers seeking to build a variety of uses or a mix of uses.

1.06 AC - 2816 W. 7TH STREET | DB2RE | 5 • The W. 7th District boats over 8 million visitors annually - visitors investment highlights flock to one of the District’s many entertainment venues / events, museums and up-scale establishments. • Rare 1.06 AC (potential 1.3621 AC) development site located within the dense infill W. 7th Entertainment District of Fort Worth, Texas. • Centralized location in the middle of everything means convenient access to all surrounding amenities, and • Last major redevelopment site left on W. 7th Street or in the W. 7th major thoroughfares (University Drive, I-30, I-35, Jacksboro market with over 350 feet of frontage along W. 7th Street. Highway and White Settlement Street).

• Approved high-density / coveted MU-2 Zoning already in-place! • With a contiguous 0.9173 AC, with a potential to increase to 1.3621 AC, new Ownership has ample flexibility in terms of • Excellent centralized location - 0.11 miles / 2 minute to the Foundry permitted uses in the MU-2 designated areas and with the layout District, 0.23 miles / 5 minute walk to Montgomery Plaza, 0.43 miles / 9 of the future development. minute walk to the W. 7th Entertainment District, 0.79 Miles to Downtown Fort Worth, 0.82 miles to the Cultural District and 1.25 miles to Dickies • MU-2 Zoning allows for a max height of 10 stories for mixed-use Arena developments (residential & commercial) and single-use office and hotel developments. For single-use multi-family or retail, max • Strategic positioning within the affluent high-growth West 7th trade height of 5 stories with height bonuses as earned (see Fort Worth area, between Currie Street and Foch Street along W. 7th Street - most Zoning). coveted commercial corridor in the city. • The offering encompasses two (2) land parcels totaling 1.06 • Surrounding traffic generators include: Montgomery Plaza, Left Bank, W. AC and two (2) existing buildings totaling 7,799 SF. A third / 7th Entertainment District, The Foundry District, Target, Dickies Arena, adjacent available parcel consists of one (1) land parcel and Will Rogers Memorial Coliseum, Chick-Fil-A, In-N-Out, Velvet Taco and building totaling 0.3055 AC and 5,818 SF. Total potential site is , among many others. 1.3621 AC with 13,617 SF of improvements. 2816 W. 7th and 2329 W. 6th are owned by Supreme Bright Fort Worth III (“Owner • Traffic counts in excess of 26,877 vehicles daily along W. 7th Street and 1”) and 2824 W. 7th (outlined in blue) is owned by 2824 W. 7th 21,710 vehicles along University Drive Street LP (“Owner 2”). Both owners to consider offers together or separate, but will be in the best interest of new Ownership to • Dense affluent market with 95,288 and 274,377 residents within a three keep contiguous. and five mile radius. • Only 2824 W. 7th is occupied by owner and shall vacate on or • Average household income is $84,945 to $74,836 within the respective before closing or whatever both parties agree to. This allows new three and five mile radius. Ownership to expedite any development with no added time or costs to terminate the tenant(s). Note: The alley way has already • Daytime populations of 129,382 and 194,112 employees and 7,791 and been abandoned by both Owners, allowing development from 13,820 businesses within three and five miles of the Property front to back. Please note that 3,126 SF on 2329 W. 6th Street shall be designated for rerouting utilities that currently run through the alley.

6 | DB2RE | 1.06 AC - 2816 W. 7TH STREET 1.06 AC - 2816 W. 7TH STREET | DB2RE | 7 site layout Lot 4 2800 W. 7TH STREET 39,894 SF / 0.9158 * NAP / ASK FOR DETAILS

Lot 1 2816 W. 7TH ST 39,958 SF / 0.9173

Lot 3 2824 W. 7TH ST 13,125 SF / 0.3013 * NAP / FOR SALE Lot 2 2329 W. 6TH STREET 6,252 SF / 0.1435 AC * 3,126 SF DEDICATED TO UTILITIES

LOT ADDRESS SF AC

1 2816 W. 7th Street 39,958 0.9173

2 2329 W. 6th Street 6,252 0.1435 02. PROPERTY INFORMATION * Total (1-2) 46,210 1.0608 3 2824 W. 7th Street (NAP) 13,125 0.3013

4 2800 W. 7th Street (NAP) 39,894 0.9158

** Total (1-4) 99,229 2.278

NOTES: • 2329 W. 6TH - 3,126 SF USED FOR REDIRECTION OF UTILITIES IN ALLEY. ENTIRE SITE IS 59,335 SF / 1.3621 AC. WHEN SUBTRACT- ING THE 3,126 SF, TOTAL USABLE SIZE OF THE SITE IS 56,209 SF / 1.2904 AC. • 2800 W. 7TH - OWNED BY VERITEX BANK, POSSIBLE SALE AT THE RIGHT TERMS AND IF INCORPORATED INTO DEVELOPMENT. 1.06 AC - 2816 W. 7TH STREET | DB2RE | 9 Survey PROPERTY INFORMATION

2816 W. 7th & 2329 W. 6th Street ADDRESS: Fort Worth, Texas 76107

44450-10-4R APN: 44450-10-8R

BUILDING SIZE: 7,799 SF (To Be Demolished)

0.917 AC / 39,958 SF LOT SIZE: 0.072 AC / 3,126 SF Total: 1.06 AC / 46,210 SF

OCCUPANCY: 0.00% (To Be Vacated)

YEAR BUILT: 1939

To Be Determined (MU-2 boasts limit- NAP PARKING: ed parking requirements)

FOR SALE SIGNAGE: None

Two (2) points of entry along W. 7th INGRESS / EGRESS: Street and W. 6th Street

ZONING: MU-2

ROOF: Improvements to be demolished

HVAC: HVAC to be removed upon demo

W. 7th Street - 26,496 vpd TRAFFIC: University Drive - 37,273 vpd

10 | DB2RE | 1.06 AC - 2816 W. 7TH STREET 1.06 AC - 2816 W. 7TH STREET | DB2RE | 11 2816 W. 7th Street ZONING SUMMARY LOCATION: 2824 W. 7th Street 2329 W. 6th Street FORT WORTH STOCKYARDS 44450-10-4R PARCELS: 44450-10-7R 44450-10-8R

Van Zandt, K M Addition Block 10 Lot 4R JACKSBORO HIGHWAY LEGAL: PANTHERVan Zandt, ISLAND K M Addition Block 10 Lot 7R Van Zandt, K M Addition Block 10 Lot 8R

WHITE SETTLEMENT DISTRICT 0.917 AC / 39,958 SF LOT SIZE: 0.301 AC / 13,125 SF WHITE SETTLEMENT ROAD 0.072 AC / 3,126 SF THE FOUNDRY DISTRICT

CARROLL STREET MU-2 - High Intensity Mixed-Use LINWOOD ZONING: LEFT BANK C - Medium Multi-Family (Rezone) MONTGOMERY PLAZA UNIVERSITY DRIVE Mixed-Use - 10 stories max Hotel - 10 stories max Office - 10 stories max W. 7TH STREET MAX HEIGHT: Multi-Family (Single-Use) - 5 stories + height bonus (as earned) Other Commercial (Single-Use) - 5 stories

W. 7TH ENTERTAINMENT DISTRICT Residential (apartments, condominiums, senior housing), office, hotel, retail, eating

FOCH STREET FOCH PERMITTED USES: and drinking establishments (entertain- ment)

W. LANCASTER AVENUE Fort Worth does not have a FAR maxi- MAX FAR: mum, only limited by height

12 | DB2RE | 1.06 AC - 2816 W. 7TH STREET 1.06 AC - 2816 W. 7TH STREET | DB2RE | 13 Architect renderings - option 1 Option 1 details

2816 W. 7TH STREET RESIDENTIAL DEVELOPMENT - OPTION 1

UNIT BREAKOUT

GROSS SF RENTABLE SF STUDIOS 1 BED 1 BED 2 BED 3 BED TOTAL UNIT PUBLIC RETAIL GARAGE PARKING LEVEL OUTDOOR SF SERVICE SF (BLDG) (RESIDENTIAL) (685 SF) (713 SF) (869 SF) (1,555 SF) (1,555 SF) COUNT SF SF SF COUNT

73% EFF

GROUND 27,630 9,053 ------5,879 16,000 - 2,577 10,102 8

LEVEL 2 ------37,750 96

LEVEL 3 ------37,750 96

LEVEL 4 25,581 18,028 7 8 4 2 1 22 3,167 - 8,325 401 - -

LEVEL 5 25,581 20,526 8 8 3 4 1 24 - - - 802 - -

LEVEL 6 25,581 20,526 8 8 3 4 1 24 - - - 802 - -

LEVEL 7 25,581 20,526 8 8 3 4 1 24 - - - 802 - -

LEVEL 8 25,581 20,526 8 8 3 4 1 24 - - - 802 - -

LEVEL 9 25,581 20,526 8 8 3 4 1 24 - - - 802 - -

LEVEL 10 25,581 20,526 8 8 3 4 1 24 - - - 802 - -

TOTALS 206,697 150,237 55 56 22 26 7 166 9,046 16,000 8,325 7,790 85,602 200

BEDS 206 1.03

MAA ARCHITECTS RENDERINGS 14 | DB2RE | 1.06 AC - 2816 W. 7TH STREET 1.06 AC - 2816 W. 7TH STREET | DB2RE | 15 Option 2 details Architect renderings - option 2

2816 W. 7TH STREET RESIDENTIAL DEVELOPMENT - OPTION 2

UNIT BREAKOUT

GROSS SF RENTABLE SF STUDIOS (543 1 BED 1 BED 2 BED TOTAL UNIT PUBLIC RETAIL GARAGE PARKING LEVEL OUTDOOR SF SERVICE SF (BLDG) (RESIDENTIAL) SF) (792 SF) (859 SF) (1,176 SF) COUNT SF SF SF COUNT

73% EFF

GROUND 30,152 9,110 - - - - - 3,101 20,235 - 807 26,192 67

LEVEL 2 8,748 7,151 2 3 - 3 8 - - - - 37,750 147

LEVEL 3 8,748 7,151 2 3 - 3 8 - - - - 37,750 123

LEVEL 4 36,477 25,444 5 18 1 6 30 3,201 - 17,194 401 - -

LEVEL 5 36,477 25,444 5 22 1 6 34 - - - 802 - -

LEVEL 6 36,477 25,444 5 22 1 6 34 - - - 802 - -

LEVEL 7 36,477 25,444 5 22 1 6 34 - - - 802 - -

LEVEL 8 36,477 25,444 5 22 1 6 34 - - - 802 - -

LEVEL 9 36,477 25,444 5 22 1 6 34 - - - 802 - -

LEVEL 10 36,477 25,444 5 22 1 6 34 - - - 802 - -

TOTALS 302,987 220,726 39 156 7 48 250 6,302 20,235 17,194 14,267 125,240 337

BEDS 298 0.88

MAA ARCHITECTS RENDERINGS 16 | DB2RE | 1.06 AC - 2816 W. 7TH STREET 1.06 AC - 2816 W. 7TH STREET | DB2RE | 17 03. LOCATION OVERVIEW

MODERN ART MUSEUM OF FORT WORTH 1.06 AC - 2816 W. 7TH STREET | DB2RE | 19 MONTICELLO NEIGHBORHOOD MONTGOMERY PLAZA DOWNTOWN FORT WORTH LINWOOD NEIGHBORHOOD LEFT BANK WILL ROGERS MEMORIAL COLOSSEUM FORT WORTH STOCKYARDS

BOTANICAL GARDENS W. 7TH ENTERTAINMENT DISTRICT NEAR SOUTHSIDE DISTRICT DICKIES ARENA MODERN ART MUSEUM FORT WORTH MEDICAL DISTRICT FAIRMOUNT NEIGHBORHOOD 20 | DB2RE | 1.06 AC - 2816 W. 7TH STREET 1.06 AC - 2816 W. 7TH STREET | DB2RE | 21 west 7th district W. 7TH DISTRICT overview DOWNTOWN FORT WORTH DOWNTOWN FORT WORTH The West 7th Entertainment District culminates several of Fort Worth’s diverse districts that come together at this section of West 7th Street. Stemming from downtown Fort Worth’s Central Business District, West 7th Street crosses the Trinity River and stretches NEAR SOUTHSIDE DISTRICT for just over a mile until it intersects with Camp Bowie Boulevard and University Drive. Within this mile stretch lies nearly 16 blocks of established and recently developed PANTHER ISLAND FORT WORTH MEDICAL DISTRICT FAIRMOUNT NEIGHBORHOOD restaurants, bars, shopping destinations and residences. Next to the West 7th Entertainment District is Fort Worth’s Cultural District. Here you will find the Fort Worth WHITE SETTLEMENT Museum of Modern Art and the Kimball Art Museum, two of the most renowned museums BUSINESS DISTRICT LEFT BANK in the world. Furthermore, the area is home of the legendary Will Rodgers Memorial Center, host of the Fort Worth Stock Show and Rodeo as well as the new $540 million, MONTGOMERY PLAZA THE FOUNDRY DISTRICT 14,000 seat multipurpose Dickie’s Arena - scheduled for completion at the end of 2019. FOCH STREET The convergence of the West 7th Entertainment District and Cultural District have come AVIATOR together to created one of the most pivotal economic drivers in the DFW Metroplex and WEST 7TH ENTERTAINMENT DISTRICT TRINITY RIVER PARK unique tourist attractions in the State with over 8.5 million visitors annually. LINWOOD NEIGHBORHOOD FARRINGTON FIELD CROCKETT ROW The most notable and on-going development in the area is Crockett Row at W. 7th, a three phase mixed-use development stretching from Foch Street, along 7th Street, to University Drive. With the first phase completed in 20010 and phase II completed in 2011, phase III is URBAN VILLAGE DISTRICT FORT WORTH underway and will modernize the existing property to include another 15,000 SF of retail MUSEUM PLACE CULTURAL DISTRICT FORT WORTH BOTANIC GARDEN shop space, 16,000 SF food hall and 300 additional luxury residences along University Drive and Morton Street. MODERN ART MUSEUM OF FORT WORTH WILL ROGERS MEMORIAL COLOSSEUM The West 7th Entertainment District is Fort Worth’s main mixed-use urban developments. DICKIES ARENA The entire area is uniquely zoned (MU-2) to allow for high density, mixed-use product types. The MU-2 zoning incentivizes developers to ensure the area continues to expand. MONTICELLO & NORTH HI MOUNT UNT HEALTH SCIENCE CENTER Today there is over 675,000 square feet of retail space, 650,000 square feet of Class A NEIGHBORHOODS AMON CARTER MUSEUM office space and over 5,000 residents in a multitude of multifamily projects. Over the OF AMERICAN ART FORT WORTH MUSEUM OF last couple of years, the growth has continued to spread in all directions, most notably, SCIENCE & HISTORY The Left Bank development at W. 7th Street and Carroll Street. Due to the walkability and population growth in the immediate corridor, the West 7th Entertainment District is now DFW’s hottest live, work and play destinations. The word is out, setting off a huge migration of different businesses, retailers and restaurants all moving to the .W 7th District.

ARLINGTON HEIGHTS NEIGHBORHOOD

22 | DB2RE | 1.06 AC - 2816 W. 7TH STREET 1.06 AC - 2816 W. 7TH STREET | DB2RE | 23 Retail, Dining Demographics

& Amenities 1 MILE 3 MILE 5 MILE Chipotle Mexican Grill In N’ Out Burger TOTAL POPULATION: 8,870 90,316 264,445 Eddie V’s Prime Seafood Mash’d POPULATION GROWTH RATE: 5.63% 2.37% 1.50% Tom Thumb Chick-Fil-A STIRR Fort Worth TOTAL HOUSEHOLDS: 4,516 34,909 90,942 Food Hall at Crockett Row Cork & Pig Tavern HOUSEHOLD GROWTH RATE: 5.56% 2.65% 1.65% Kung Fu Saloon Hurts Donuts AVERAGE HOUSEHOLD INCOME: $77,694 $76,428 $68,215 Texas Republic Draft House Urban Outfitters Anthropologie MEDIAN HOUSEHOLD INCOME: $52,179 $47,793 $43,080 H & M LOFT MEDIAN AGE: 34.4 35.0 32.3 Esther Penn Free People BUSINESSES: 1,300 7,007 12,106 Madewell Orvis Apple EMPLOYEES: 8,870 90,316 264,445

% WHITE: 53.66% 46.20% 40.34%

% HISPANIC: 27.53% 32.59% 35.10%

24 | DB2RE | 1.06 AC - 2816 W. 7TH STREET 1.06 AC - 2816 W. 7TH STREET | DB2RE | 25 FORT WORTH OVERVIEW FORT WORTH BOTANIC GARDENS

Fort Worth is the 15th-largest city in the United States and the No. 1 tourist destination in Texas, welcoming more than 10 million visitors annually. Fort Worth is the county seat of Tarrant County, covering close to 350 square miles. The core of Fort Worth is comprised of eight primary entertainment districts each offering distinct dining, shopping, entertainment and cultural amenities. In only a few days you can enjoy a range of experiences: from Nascar racing to rodeos, world-class museums, fine cuisine and boutique shopping to horseback riding and Texas BBQ, Fort Worth has it all. Home to the Kimbell Art Museum, Modern Art Museum of Fort Worth, Amon Carter Museum of American Art (three of the most distinguished museums in the World), as well as, the (ranked #5 best zoo by USA Today), Fort Worth Stockyards and Will Rogers Memorial Coliseum, Fort Worth exhibits Texas’ cowboy roots and diversity.

Over the last several decades, Fort Worth, along with the DFW-Metroplex, has experienced historic growth few cities have seen. Between 2016 and 2017, Fort Worth ranked #4 in terms of population gain, only trailing San Antonio, neighboring Dallas and Phoenix. According to the U.S. Census Bureau, Fort Worth was the fastest growing “large city” with more than 500,000 population between 2000 and 2010. Fort Worth’s growth rate shows no signs of slowing. By 2040, the population is expected to skyrocket from 875,000 today to almost 1.2 million. One of the many generators attributing to such explosive growth is due to Fort Worth’s cost of living, currently at 14% below the national average. As one of America’s fastest growing and affordable cities, the future couldn’t be brighter.

Also contributing to its unprecedented success is Fort Worth’s dynamic and diversified job market and economy. Forbes recently ranked Fort Worth #4 in their annual “best big cities for future job growth”, with a projected annual job growth of 3.5%. The city enjoys a multitude of flourishing industries, in great part due to the foundation created by the headquarters for American Airlines, Lockheed Martin, Bell Helicopter and BNSF Railway. Most importantly, Fort Worth’s resilient healthcare and energy sectors have helped Fort Worth prosper during cyclical times that often daunt non-diversified economies. 04. MARKET OVERVIEW The Fort Worth Medical District, home to Cooks Children, Harris Methodist, among numerous other acclaimed medical schools and hospitals, financially supports a wide range of professionals from the technicians, nurses and doctors to medical technology and healthcare service companies. The Barnett Shale, the largest natural gas field in the United States, continues to create tremendous wealth for the residents and city of Fort Worth.

AMONG G. CARTER STADIUM 1.06 AC - 2816 W. 7TH STREET | DB2RE | 27 DALLAS - FORT WORTH OVERVIEW dfw economic highlights

The Dallas/Fort Worth Metroplex (DFW) is a dynamic 12-county region made up of #1 #1 #1 Dallas, Fort Worth, and another 150 municipalities. The DFW Metroplex is the largest Best Place For Business and In Job Growth (127,600 Jobs In % Job Growth of 3.40% 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 7.1 million people. As Careers 2018 - 2019) (2018 - 2019) the fourth fastest growing region in the United Sates, the DFW population in 2016 was (U.S. News 2017) (USCB 2019) (USCB 2019) 33.6% higher than in 2000 according to data from Neilson 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 #1 #2 #1 GDP of North Texas is estimated to be $486 Billion, and if DFW were its own state it Best Place To Live Fastest Growing Economies Real Estate Market would be the 9th largest in the Nation and 23rd largest country in the World, behind (U.S. NEWS 2017) (Forbes 2019) (RE News 2018) Taiwan. Twenty 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 exasT totaling over 3.51 million people, and 34.20% 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. #1 #1 #4 & # 12 Growth In the Nation 2000 - City to Start A Small Business Largest Cities in the U.S. 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 2012 (AFIRE 2019) (USCB 2020) economy. Historically a leader with respect to job growth, DFW added 717,000 (Forbes 2019) jobs since 2010 and 120,500 jobs in 2016 alone, equating to a 3.50% increase to the employment base. Dallas/Fort Worth as well as Texas, continuously boast an unemployment rate lower than the National Average (4.30%). As of Today, DFW enjoys an average unemployment rate of 3.80%. # 1 #4 #3 Best City For Jobs Biggest Metro in the U.S. Best Sports Cities in the U.S. (Forbes 2014) (USCB 2020) (SI 2018)

28 | DB2RE | 1.06 AC - 2816 W. 7TH STREET 1.06 AC - 2816 W. 7TH STREET | DB2RE | 29 INFORMATION ABOUT BROKERAGE SERVICES DISCLOSURE: 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. (01A TREC NO. OP-K)

INFORMATION ABOUT BROKERAGE SERVICES: Before working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A 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 lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly.

IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent.

IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:

(1) shall treat all parties honestly; (2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; buyer: and (3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and (4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so byThe Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property. With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party.

IF YOU CHOOSE TO HAVE A BROKER REPRESENT YOU: You should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will 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 that the broker represents you. If you have any questions regarding the duties and re-sponsibilities of the broker, you should resolve those questions before proceeding.

DAVIDSON BOGEL REAL ESTATE, LLC 9004427 [email protected] 214-526-3626 LICENSED BROKER / BROKER FIRM NAME LICENSE NO. EMAIL PHONE MICHAEL EDWARD BOGEL II 598526 [email protected] 214-526-3626 DESIGNATED BROKER OF FIRM LICENSE NO. EMAIL PHONE MICHAEL CAMERON DEPTULA 622382 [email protected] 214-526-3626 05. DISCLAIMER LICENSED SALES AGENT / ASSOCIATE LICENSE NO. EMAIL PHONE DISCLOSURE: Davidson & Bogel Real Estate, LLC: The information contained in this document pertaining to Second Hickory “Property” has been obtained from sources believed reliable. While DB2RE does not doubt its accu- racy, DB2RE has not verified the information and makes no guarantee, warranty or representation about the information contained in this package. It is your (Purchaser) responsibility to independently confirm the accuracy and completeness of the information. Any projections, opinions, assumptions or estimates used herein are for example only and does not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. DB2RE and the DB2RE logo are service marks of Davidson & Bogel Real Estate, LLC and/or its affiliated or related companies in the United States and other countries. All other marks displayed as well as any elements of this document are the property of their respective owners and DB2RE. No transmission of this document is permitted without written consent from DB2RE. As a condition of DB2RE’s consent to communicate the information contained herein–as well as any information that may be communicated to you subsequently either verbally or in writing by DB2RE, owner or agents of either of these parties regarding the Property – it is required that you agree to treat all such information confidentially.

1.06 AC - 2816 W. 7TH STREET | DB2RE | 31 1.06 AC - CORE W. 7TH DEVELOPMENT SITE 2816 W. 7TH STREET & 2329 W. 6th Street FORT WORTH, TEXAS 76107

EXCLUSIVE LISTING AGENTS:

CAMERON DEPTULA JAKE MILNER 2929 CARLILSE STREET, SUITE 250 2929 CARLILSE STREET, SUITE 250 DALLAS, TX 75204 DALLAS, TX 75204

(214) 497-0276 (817) 999-5660 [email protected] [email protected]