LAKE CONROE

CROWN OAKS Grand Lake Estates Golf Course Home Values Up to $765K

GRAND LAKE ESTATES DR

SKYE RANCH 1,000-acre master planned community Approximately 2,500 residential lots CORROLLA RD STAPLETON RD

Timbercreek Stables SUPERIOR RD

±150 ACRES

PAL-METTA LN

±150 Acres in Montgomery County Corrolla Road, Magnolia, Texas 77354

OFFERING MEMORANDUM Contacts, Due Diligence, & Offer Requirements www.dmreland.com

David Marshall Becky Hand Dosch Marshall Real Estate Principal Senior Associate 713.955.3120 [email protected] [email protected] 777 Post Oak Blvd O 713-955-3126 O 713-955-3121 Houston, TX 77056 M 713-206-1574 M 918-629-5592 www.dmreland.com

Exclusive Representation Tim Dosch Dillon Mills Dosch Marshall Real Estate (DMRE) has been exclusively retained to represent the Seller in the Principal Senior Associate disposition of ±150 acres on Corrolla Road in Mont- [email protected] [email protected] gomery County, Texas 77354 (Property). All inquiries O 713-955-3127 O 713-955-3123 about the Property should be directed to DMRE. M 713-459-8123 M 713-254-3824

Due Diligence Information To access the due diligence information please visit the Property website at: ​www.dmreland.com Tom Dosch Tripp Rich Principal Analyst [email protected] [email protected] Offer Requirements O 713-955-3125 O 713-955-3124 Offers should be presented in the form of a non-bind- M 713-557-4455 M 936-635-6968 ing Letter of Intent, and should include:

• Pricing • Due Diligence and Closing Timeframe • Earnest Money Deposit Clark Dalton Kenneth Danna • Description of Debt/Equity Structure Vice President Analyst • Qualifications to Close [email protected] [email protected] • Development Plans O 713-955-3122 O 713-955-3120 M 832-449-2223 M 713-829-2615 Purchase terms shall require cash to be paid at clos- ing. Offers should be delivered to the attention of Tim Dosch, David Marshall, Tom Dosch, or Becky Hand via fax or email.

±150 ACRES ON CORROLLA RD, MONTGOMERY, TX 2 Property Information www.dmreland.com

Property Details LOCATION Corrolla Road, East of Superior Rd, Magnolia, TX 77354 Montgomery, TX: Among the top 10 counties nationwide in percentage growth Since 2009, Montgomery County has seen the fastest job growth in the education and LAT., LONG. 30.260844, -95.622612 health services, trade, transportation and utilities, professional services, leisure and hospital- TOTAL ACRES ±150 Acres ity, and construction industries, according to Texas Workforce Solutions.

PARCEL NUMBER 0397-01-00100 Recent and planned developments in the area • Superior Road Bridge is being widened and repaired in summer 2018 LEGAL A0397 - NICHOLS THOS J, TRACT 1, ACRES 150, 11.110000% UDI • Skye Ranch, a master planned community on 1,100 acres, will yield approximately 2,500 residential lots surrounding an existing 18-hole golf course FRONTAGE (APPROX.) 2,550 ft on Corrolla • Development at the intersection of Lone Star Parkway and Hwy. 105 in the city of Mont- PRICE To be decided by market gomery (10 miles from the Property): • A 123,000-square-foot Kroger Marketplace opened in August 2017; the develop- COUNTY Montgomery ment also includes pad sites for Spirit of Texas Bank and Burger King SCHOOL DISTRICT Magnolia Independent School District • H-E-B owns a tract of land on the southeast corner • A $4-million development housing Methodist Primary Care Group and Woodlands FLOODPLAIN None Dermatology Associates broke ground in 2016 and has 20,000 square feet of office MONTGOMERY COUNTY https://montgomerycountymobility.files.wordpress. space THOROUGHFARE PLAN com/2016/01/mctp_adopted_-jan_26_20161.pdf Strong demographics • Over 20% population growth in the past six years • Estimated average household income within a 1-mile radius is over $130,000 2017 Tax Rates • Educated population with over 40% of the population holding a bachelor’s degree or LONE STAR COLLEGE 0.1078 higher

MAGNOLIA ISD 1.3795 SUPERIOR RD PAL-METTA LN MONTGOMERY CO ESD 3 0.0981 Timbercreek Stables MONTGOMERY CO HOSPITAL DIST 0.0665 MONTGOMERY COUNTY 0.4667 Total 2.1186 150 2017 Demographics

0-5 mile 0-10 mile 0-15 miles EST. POPULATION 37,877 224,676 521,347 5-YR EST. POPULATION GROWTH 18.00% 17.80% 15.44% CORROLLA RD AVERAGE HOUSEHOLD INCOME $112,908 $123,268 $108,486 MEDIAN VALUE OF OWNER OCCUPIED $288,284 $268,513 $219,909 HOUSING UNITS

±150 ACRES ON CORROLLA RD, MONTGOMERY, TX 3 LAKE CONROE www.dmreland.com

CROWN OAKS Home Values Up to $765K Grand Lake Estates Golf Course GRAND LAKE ESTATES Home Values Up to $630K

SKYE RANCH 1,000-acre master planned community Approximately 2,500 residential lots

CORROLLA RD

STAPLETON RD SUPERIOR RD Timbercreek Stables 150

PAL-METTA LN

±150 ACRES ON CORROLLA RD, MONTGOMERY, TX 4 Area Highlights: Montgomery County www.dmreland.com

Montgomery Expansion LONE STAR COLLEGE - MONTGOMERY Montgomery Major Employers Although its limits only span 4 square miles, the city of Montgomery has experi- • Conroe ISD • Medical Center Hospital enced its share of development in recent • Hewitt Associates • Montgomery County months—changing the landscape of the • HEB Grocery Co • New Caney ISD historically intimate bedroom community. • Kroger • Wal-Mart Associates Inc. While there were an estimated 750 people • Magnolia ISD • Willis ISD living within the city limits in 2015, there were as many as 44,533 residents living in the 77316 and 77356 zip codes, according to the U.S. Census Bureau. The figures rep- Colleges & Universities resent an increase from the 2010 census, which showed a city population of 621, and Lone Stare College - Montgomery 40,534 in the surrounding zip codes. • Over 14,000 students, the third largest Lone Star campus Montgomery has experienced significant • 365,000 square feet on 210 acres MONTGOMERY COUNTY COURTHOUSE development with most of the new com- • Offers 40 career programs including criminal justice, physical ther- mercial development concentrated along apist assistant, biotechnology, nursing, human services, computer Hwy 105. information technology, management, radiologic technologist and A new Kroger Marketplace with 123,000 more square feet of retail space recently opened • Minutes away from Lone Star College - University Center in the summer of 2017. Shops in the adjoin- ing shopping center include Spirit of Texas Lone Star College Conroe Center Bank and Burger King. A second phase for • Recently opened $6.4 million expansion of the campus’s workforce the property will begin soon after and will training facilities host another big-box store. • Expansion includes advanced machining controllers, an automotive technology classroom and lab, 23 new welding booths and a plas- Heritage Place, a property management ma-cutting machine company, is building a new development that will house offices for the Method- Lone Star College - University Center ist Primary Care Group and Woodlands • Joint educational institution among six public Texas universities Dermatology Associates. The $4-million including University of Houston, University of St. Thomas, and Sam HISTORIC DOWNTOWN MONTGOMERY project broke ground last summer and will Houston State University have 20,000 square feet of office space. • Students earn bachelor’s and master’s degrees, as well as continuing Skye Ranch, a master planned community professional studies on 1,100 acres, will yield approximately 2,500 residential lots surrounding an exist- Sam Houston State University - The Woodlands Campus ing 18-hole golf course. • Offers 20 upper level undergraduate degrees and 16 graduate pro- grams https://communityimpact.com/houston/ conroe-montgomery/news/2017/03/22/ • 144,165-square-foot, 4-story facility development-ramps-montgomery/ • Plans to build College of Osteopathic Medicine to open in 2020

±150 ACRES ON CORROLLA RD, MONTGOMERY, TX 5 Area Highlights: Montgomery County www.dmreland.com

Conroe, Montgomery development to continue in 2016 - Cities implement new services to meet rising demand By Jesse Mendoza While a majority of new development is project expanding FM 149 from FM 1791 found along the city’s eastern borders near to Montgomery will spark revitalization Conroe tops list of fastest growing Posted Jan. 27, 2016; Updated Feb. 16, cities in the nation 2016 Lone Star Parkway and FM 1097, demand within the city’s historic district this year, along the western border is also starting to Reid said. • The U.S. Census Bureau announced Conroe and Montgomery will see com- rise. Shannan Reid, director of the Mont- Additionally, city officials have engaged that Conroe topped the list of the mercial, residential and infrastructure gomery Economic Development Corp., Montgomery County commissioners in fastest growing cities in the nation. development in 2016 as several projects attributes the interest on the city’s west- talks about potential solutions to traf- The city of Conroe population grew are completed or break ground this year. ern edge to growth west of Montgomery, fic congestion throughout the city. One from 76,362 residents in July 2015 such as the development of the Bluejack Major residential developments in Conroe, possible project is the extension of Bois to 82,286 residents in July 2016. National community on FM 1486. such as Grand Central Park, Stillwater D’Arc Bend from Walden Road to Lone Star • Of the top 15 fastest growing cities, and Fosters Ridge, continue to experience “I have had residential and commercial Parkway to give residents of the Walden 10 cities were located in the south growth as the housing market expands. developers call me to talk about the west community access to the Kroger shopping and 6 of those are in the state of Meanwhile, Montgomery is seeing a similar side of Montgomery for the first time,” Reid center, Montgomery County Precinct 1 Texas, according to the bureau. influx of housing and commercial projects, said. Commissioner Mike Meador said. such as a new Kroger Marketplace, along its eastern and western borders. Additionally, a Kroger Marketplace store “We have to stay on top of being able to under development, at the eastern intersec- keep up with city services either through To meet the needs of incoming residents, tion of Lone Star Parkway and Hwy. 105, technology or personnel,” Mayor Kirk Jones Major developments are expected to the cities are improving roads and city is expected to further attract commercial said. “We will do what is necessary to keep draw new residents and commercial services. development to the city. serving everybody.” projects to Conroe “We [have] a tremendous amount of hous- “We have been having side conversations Jones said the city made great progress RESIDENTIAL ing development springing up all around with other businesses who really are wait- in 2015, considering the shakeup in city • Grand Central Park by Johnson us,” Conroe Mayor Webb Melder said. “We ing for that first domino,” Reid said. “The personnel that punctuated 2014—the Development: 2,046-acres mixed- are addressing all of the things that come whole four corners [of the Lone Star Park- resignation of former Mayor John Fox, use project with a growing city in a fiscally responsible way intersection with Hwy. 105 is looking City Administrator Bill Kotlan, Community manner.” to develop.” Development Director Eric Smith and City • Howard Hughes Development: Attorney Brian Fowler. 2,000-acre master-planned commu- Montgomery Housing Boom The 120,000-square-foot store broke nity The city of Montgomery is seeing an influx ground in early January and is expected to “The city survived a major turnover of open by early 2017, The Kroger Co. spokes- important personnel all at one time and • The Mansions Woodland (Multifam- of development near its eastern and west- ily) ern borders. A new Kroger Marketplace person Kristal Howard said. came out of it doing great,” Jones said. • The Towers Woodland (Multifamily) under development this year is expected to The expected population growth will put Excerpt. For full article please visit: draw additional retail to the city. a strain on municipal services that has www.communityimpact.com/houston/ EMPLOYMENT city officials looking for creative solutions city-county/2016/01/27/conroe-montgom- • New Houston Methodist hospital Montgomery prepares for growth to meet demand. The city completed a ery-development-to-continue-in-2016/ As many as 200 new homesites will be revamped water master plan in November. INFRASTRUCTURE IMPROVEMENTS built in the city of Montgomery this year. It is also creating a new sewer master plan • Longmire Road expansion from Montgomery city officials credit the hous- and implementing wireless water meters two to four lanes from FM 3083 to ing boom to the availability of large tracts in February, City Administrator Jack Yates League Line Rd of land along major corridors, a developing said. • League Line Road extension from retail market and the presence of a quality Hwy. 75 to the Conroe-North Hous- school district. A Texas Department of Transportation ton Regional Airport • New fire station

±150 ACRES ON CORROLLA RD, MONTGOMERY, TX 6 Area Highlights: Employment www.dmreland.com

The Woodlands CONROE REGIONAL MEDICAL CENTER Conroe Regional Medical Center • 342 beds, 1,200 employees, and more than 400 ExxonMobil Corporate Campus physicians on staff • 385-acre campus can accommodate 10,000 employ- ees and reached full occupancy in 2015 • Recently expanded and fully renovated the Emer- gency Department • Among the 20 office buildings is a meeting and train- ing center designed to appear to float 80 feet above a • Recently opened a state-of-the-art, 20-private bed plaza and reflecting pool Inpatient Rehabilitation Center • 10,000 square-foot health and fitness facility • Regional, tertiary referral center • Includes a child development center

Conroe ISD Southwestern Energy Corporate Headquarters MEMORIAL HERMANN THE WOODLANDS • 6,000 employees • New corporate headquarters currently adjacent to Springwoods Village • One of the fastest growing school districts in the State with an average enrollment growth of approxi- • 22-acre campus with a 10 story, 515,000 square-foot ENERGY CORRIDOR mately 1,500 students per year office building • 348-square-mile district - the 13th largest in the • Accommodates 1,000 employees State and the 65th largest in the United States • Includes a conference center, wellness center, full ser- • Largest district in the State to ever achieve the high- vice dining facility, on-campus retail district of small est rating of Exemplary in 2010 shops and service providers, and two main dining areas • Achievement scores are well above the State and national averages Memorial Hermann The Woodlands WOODLANDS WATERWAY • Conroe ISD graduation rate of 95.7% is one of the • 294-private bed, full-service, acute care facility highest in the State • Employs over 780 medical staff physicians, 1,300 • Selected by the Educational Results Partnership employees, and 250 volunteers (ERP) and the Institute for Productivity in Education • Features a diabetes self-management program, a (IPE) as one of nine public school districts in Texas certified primary stroke center, sports medicine, reha- to receive the title of 2015 Honor Roll District bilitation and physical therapy, occupational therapy, • Received a 1.1 rating from the Education Resource speech therapy, registered dietitians and an emer- Group (ERG) for high academic performance by gency center accredited as a Level III trauma center by students and efficiency in spending; the District is the State of Texas 1 of 10 school districts in Texas to receive this top The Woodlands Town Center ranking • 1,000-acre “downtown” of The Woodlands is one of the SOUTHWESTERN ENERGY • One of only three of the 1,100+ public school dis- most active commercial building markets throughout tricts in Texas to be recognized six years in a row Houston for high academic achievement while maintaining • Contains over 6.9 million square feet of office space cost-effective operations • Anadarko’s two iconic towers: 807,586-square-foot Allison Tower and 550,000-square-foot Hackett Tower • Other major employers (# of employees) include AonHewitt (1,500), Baker Hughes (750), Huntsman Company (775), Chevron Phillips Chemical Company (611), US Oncology (600) and Entergy (443)

±150 ACRES ON CORROLLA RD, MONTGOMERY, TX 7 Area Highlights: Retail & Entertainment www.dmreland.com

Regional Entertainment & Retail Local Entertainment MARKET STREET THE WOODLANDS WATERWAY

The Woodlands Mall Golf Courses & Clubs • 1.3 million square feet of shopping and Grand Lake Golf Club dining • 18-hole, semi-private golf facility • Over 200 retailers including Anthropol- located in Grand Lake Estates ogie, Banana Republic, Barnes & Noble, Woodforest Golf Club Apple, Pottery Barn, Pottery Barn Kids, • 27-hole golf course Ann Taylor Loft, Urban Outfitters, White House Black Market, and Williams • New 2,800-square foot Training facility Sonoma Bluejack National • Department stores include Nordstrom, • Resort-style community located on Dillard’s, Macy’s, Sears, and JCPenney 755 acres • Features an outdoor courtyard linked • Only Tiger Woods-designed golf to the Woodlands Waterway course in the U.S. Lake Windcrest Golf Club The Woodlands Market Street CONROE • Over 70 high end retail shops including • 18-hole, private golfLAKE course CONROE Tiffany’s, Sur La Table, Kate Spade, Bentwater Yacht & Country Club FISH CREEK THOROUGHFARE Woodforest Golf Club Brooks Brothers, Lucky Brand, and • 1,400-acre, golf-resort community GRAND LAKE ESTATES many more Home Values Up to $630K • Grand Pines is their 182-acre, 18-hole • Restaurants include 1252 Tapas Bar, golf course featuring a 160,000-acre GRAND LAKE ESTATES DR Berry Hill, Café Express, Cru, Grotto, La national forest Madeleine, Starbucks, Stadia, and Uni SKYE RANCH Walden on Lake Conroe Golf Club 1,000-acre master planned community Sushi Approximately 2,500 residential lots • Premier, private golf club ranked the • Home to the AVIA hotel and the Market best course in the Houston area Street Cinemark movie theater CORROLLA RD • WiFi-enabled central park provides an Lake Conroe recreation attractive recreation and entertain- • 20,000+ acre lake with 157 miles of ment area shoreline 150 • Fishing, boating, camping, hiking, Cynthia Woods Mitchell Pavilion waterside dining and birdwatching • Outdoor amphitheater seats 6,500 with capacity for an additional 10,000 • Waterpoint Center includes over on the lawn 100,000 square feet of retail space located on the southern shore of Lake • Official Summer Home of the Houston Timbercreek Stables Conroe Symphony

STAPLETON RD

PAL-METTA LN SUPERIOR RD

±150 ACRES ON CORROLLA RD, MONTGOMERY, TX 8 Houston Market Overview www.dmreland.com

Houston’s economic downturn is over Worldwide leader in healthcare • Travel + Leisure ranked Houston No. 2 among “Friendliest Cities in America” and No. 10 of “America’s Best Music Houston’s economic downturn is over The healthcare industry makes up 13% of the Houston MSA’s work- Scenes”. and recovery has begun. Recovery signals force and grew 2.9 percent between January ’16 and January ’17. • U.S. News & World Report ranked Houston seventh “Best include the West Texas Intermediate, the Throughout the nation, hospitals, clinics and medical offices are Foodie Destination in the USA.” U.S. benchmark for light, sweet crude, expanding as they try to keep up with a population boom of nearly • National Geographic ranked Houston No. 8 “Top Nightlife now trading near $50 per barrel; the 10 percent since 2010. As a result, healthcare occupations and Cities in the World” strong increase in the number of drilling industries are expected to have the fastest employment growth rigs working in the U.S.; the cresting of and to add the most jobs between 2014 and 2024, the U.S. Bureau • Houston was the only U.S. destination on Boston Globe’s six the Houston Purchasing Managers Index of Labor Statistics reports. In fact, between December ’14 to Octo- “Places to Visit in 2015” over 50 in October 2016; and strong job ber ’16, a period when mining and logging lost nearly 25,000 jobs growth in the 12 months ending October due to the energy downturn, health care created nearly 23,000 new Bureau of Labor Statistics estimates there are 160,000 teachers, ‘16. These signals are underscored by jobs. The Greater Houston Partnership expects Houston to add teaching assistants and librarians in the Houston MSA. Houston is a growing consensus that the global oil 9,800 healthcare jobs in ’17. also home to multiple higher education institutions which attract market is moving back into equilibrium students from all over the world: for supply and demand, and that the price World’s Largest Medical Complex • The University of Houston, a Tier One Research University, can be soon restored to the $65 per barrel Houston’s Texas Medical Center, dubbed a “Medical Mini-City” by was chosen as one of the nation’s best colleges for under- range. Houston weathered the downturn Forbes, is the world’s largest medical complex, the 8th largest busi- graduate education by The Princeton Review in 2011. better than many expected: the region ness district in the US, employs over 106,000 people and has an • Rice University, a Tier One Research University, was ranked never had a 12-month period in which estimated regional annual economic impact of $20 billion. Much as a top institution in the country by The Princeton Review, employment growth dipped below zero like the petrochemical boom occurring on Houston’s east side, Newsweek College Guide, Kiplinger’s Personal Finance, Worth and the unemployment rate never rose institutions within the TMC have $3 billion in construction projects magazine, Financial Times, U.S. News and World Report above 5.8 percent. underway. and the Almanac of Architecture and Design. Rice University The Houston economy benefited from a Healthcare expands to the suburbs ranked first among “30 Best Values in Small Colleges” accord- strong U.S. economy and the strength of World-class healthcare is no longer confined to the Texas Medical ing to Kiplinger’s Personal Finance Magazine (2014). its petrochemical and refining industries Center campus. As Houston’s growing population expands to the • The University of St. Thomas was recognized by U.S. News & (which in turn benefited from the low suburbs, so does its healthcare. New health center openings and World Report, The Cardinal Newman Society and The Prince- prices of oil and natural gas). According expansions totaling over 5 million square feet in the TMC and the ton Review Guide. Patrick Jankowski, senior Vice Presi- Greater Houston area over the next four years include: • Baylor College of Medicine was ranked as one of the top 25 dent of Research at the Greater Houston • Memorial Hermann will open or expand hospitals in the TMC, medical schools for research in 2011 by U.S. News & World Partnership, Houston’s role as an energy Katy, Sugar Land, Pearland, Cypress and northeast Houston Report. capital of the world hasn’t changed: ”If • Texas Children’s will open or expand hospitals in the TMC, The • Lone Star College System is one of the fastest-growing com- you’re in the energy business, you either Woodlands and West Houston munity colleges in the nation. have to have a presence in Houston or you have to visit Houston on a regular basis.” • Houston Methodist will open hospitals in West Houston, • Texas A&M University Health Science Center (TAMHSC) is Sugar Land and The Woodlands the most comprehensive health science center in Texas. The Offsetting oil losses, and keeping Hous- • The University of Texas Medical Branch will open a hospital in TAMHSC School of Public Health is ranked in the Top 25 “Best ton’s job growth positive, has been strong League City Grad Schools for Public Health” by U.S. News & World Report. growth in service sector jobs. Growth in • Baylor/CHI will open a hospital in the TMC food service, healthcare, retail trade, and Strong retail growth public education have led the metropolitan This unprecedented growth ensures that the medical sector will area’s job growth since late 2014. remain one of the major pillars of Houston’s economy for the Retail accounts for 10.3 percent of all jobs in the Houston region foreseeable future. – only healthcare and government employ larger shares of the The Houston area created 13,400 jobs in workforce. Houston ranks fourth nationally in retail construction the 12 months ending October ’16, and the Over 160,000 teachers, assistants, and librarians activity. As of Q4 2016, occupancy was at 94%. Additionally, two Greater Houston Partnership is projecting million square feet of retail space is under construction, much of Houston will add 29,700 net jobs across Ranked as the nation’s seventh largest district, Houston Indepen- it for delivery next year. Houston should see the addition of add all sectors in 2017, demonstrating confi- dent School District (HISD) covers 312 square miles with 288 4,500 jobs in this sector by year’s end. dence from local experts. schools, 13,000 teachers and more than 210,000 students. The US

±150 ACRES ON CORROLLA RD, MONTGOMERY, TX 9 Houston Market Overview www.dmreland.com

One of the friendliest cities in America POPULATION | Over the past 35 years, Houston has added 3.4 million residents, 1.5 mil- Houston’s performing arts, nightlife, culinary scene, and sports attractions drew 17.5 mil- lion jobs and real personal income has grown at a 6.1 percent annual rate. lion visitors in ’15, up from 14.5 million in ’14. Houston First Corporation and the Greater Houston Convention & Visitors Bureau plan to increase annual visitors to 20 million in ’18 Greater Houston Area Population by County through a combination of marketing, tourism summits, industry outreach and infrastruc- ture improvements, including more than two dozen planned hotel openings in 2017. County 2015 Pop. 2016 Pop. Pop. % of Houston Growth Growth % While over 2.2 million annual visitors come for the Houston Livestock Show and Rodeo, Austin 29,548 29,758 0.44% 210 0.7 the world’s largest livestock show and rodeo, many others come for its arts and culture. Houston has more than 500 cultural, visual and performing arts organizations, 90 of which Brazoria 345,661 354,195 5.23% 8,534 2.5 are devoted to multicultural and minority arts. These organizations are some of the best Chambers 38,768 39,899 0.59% 1,131 2.9 in the country: The Children’s Museum of Houston is the highest attended youth museum in the country for its size and rated number one in the country by Parents magazine; Fort Bend 713,849 741,237 10.94% 27,388 3.8 the Houston Zoo welcomed over 2.55 million visitors in 2016, making it the number one most-visited zoo in the country; and Houston’s Museum of Fine Arts is the largest art Galveston 321,538 329,431 4.86% 7,893 2.5 museum in the Southwest United States. Harris 4,533,341 4,589,928 67.77% 56,587 1.2 For those who prefer live action to museums, Houston has a Theater District second only to New York City in its concentration of seats in one geographic area. Located downtown, Liberty 79,696 81,704 1.21% 2,008 2.5 the 17-block Theater District is home to eight performing arts organizations with more Montgomery 536,434 556,203 8.21% 19,769 3.7 than 12,000 seats. The Houston Ballet was lauded by The New York Times as “...one of the nation’s best ballet companies” and the Houston Grand Opera is the only opera company Waller 48,630 50,115 0.74% 1,485 3.1 in the world with Grammy, Tony and Emmy awards. With so much to offer visitors from all over the world, it’s no surprise that the Greater Houston Partnership predicts the addition Totals 6,647,465 6,772,470 - 125,005 1.90% of 8,700 employees to this sector in 2017.

New developments in air travel CONSTRUCTION | The Greater Houston Partnership predicts construction in the areas of industrial, single family housing, medical, institutional, and commercial. In the November The Houston Airport System contributed more than $27.5 billion to the local economy ‘16 election, Houston area voters approved $638 million in local construction bonds on top and is directly responsible for over 230,000 jobs in the Houston area. Air travel was not of the $10.6 billion approved since May ’14. immune to the economic downturn, but the opening of an international concourse and return of international service to Latin American and the Caribbean in October 2015 at EAST HOUSTON | Some $50 billion worth of refinery, petrochemical and LNG plants are Houston Hobby helped offset a drop in domestic traffic system wide. Additionally, United underway, providing thousands of construction jobs, but that activity will peak over the Airlines is currently constructing a new Terminal C North facility slated to open in early ’17. In next two years. In 2017, nearly $23 billion in such projects are scheduled to be completed. fact, the Greater Houston Partnership predicts a continuing recovery in this sector with the Increased need for routine maintenance and turnaround projects on the operational plants addition of 2,100 jobs. will soften the employment decrease as construction winds down. PORT OF HOUSTON | 1st ranked US port in foreign tonnage (2015); 2nd ranked US port INTERNATIONAL CITY | Houston’s business cost is 2.0% below the U.S. average, drawing in total foreign cargo value (2015); Largest Gulf Coast container port, handling 68% of US foreign trade, investment, and business to the region. International trade directly or Gulf Coast container traffic (2015); The Port Commission approved $88 million in capital indirectly supports more than one-third of all jobs in the Houston metropolitan area, expenditures tied to channel improvements and new terminals and 5,000 companies in Houston are doing business overseas. Based on trade, foreign SPACE CITY | Houston is home to Johnson Space Center, a $1.5 billion complex housing investment, global connections and domination in certain aspects of the global economy, one of NASA’s largest R&D facilities, mission control, and the training base for US astro- Houston is in the same category as New York, Tokyo, or other cities. Additionally, Houston nauts, as well as 150 companies involved in aircraft or space vehicle manufacturing, exports ~$97B per year - for comparison, the State of Texas’ annual budget is $109B. space research and technology. Ninety-two foreign governments have official representation in Houston, ranking the city’s HOUSING | Single family housing inventory remains tight with a 3.8-month supply, and consular corps third in the nation. Houston hosts 21 foreign banks, representing 9 nations; 2016 saw a 3.0% increase in single-family homes sold from 2015. For the past two years, more than 752 foreign-owned firms; and more than 437 companies with branches in 144 the 12-month total property sales tracked by the Houston Association of Realtors has other nations. The TMC sees an annual average of 16,000 international patient visits. remained steady between 89,000 and 91,500.

±150 ACRES ON CORROLLA RD, MONTGOMERY, TX 10 www.dmreland.com 11 10-10-11 10-10-11 a question or complaint a or complaint question TREC No. OP-K TREC No. ://www.trec.texas.gov) ://www.trec.texas.gov) specifically instructs instructs the specifically required to treat each each treat to required tions before proceeding. before proceeding. tions Date (1) (1) honestly; parties all treat shall (2) a accept will owner the that disclose may not a pay will buyer the that disclose may not (3) (4) or information any confidential disclose not may intermediary. The written consent must state who will who state must consent written The intermediary. underlined or bold conspicuous in and, broker the pay an as obligations broker’s the forth set print, The intermediary. broker is The with comply to and fairly and honestly party as acts who broker A Act. License Estate Real Texas transaction: a in intermediary an price in authorized unless price asking the that less writing to do so by theowner; offer written a in submitted price than the greater price unlessauthorized writingin todo byso the buyer; and informationany that partya in authorized unless disclose to not writing in broker byso do to required or information the disclose to writing The Texas RealEstate License Act ora court orderor if theinformation materially relates the to condition the of property. an as acting a broker consent, parties’ With the intermediary between the parties may appoint a person License Estate The Texas Real under licensed is who communicate broker to the with associated and Act and party one of instructions out carry and with anotherlicensed under person whothat is Actand and with communicate to broker the with associated party. other the of instructions out carry Ifyou choose to have a brokerrepresent you, the with agreement written a into enter should you the broker’s obligations clearly establishes that broker state should agreement The obligations. your and have You paid. be broker the will whom by and how any,representation, if of type the choose to right the broker a to fee a of payment Your receive. to wish you broker the that establish necessarily not does If you have represents you. regardingany questions you broker, the of responsibilities and the duties ques those resolve should to give the following information about about information to give the following yers, tenants, sellers and landlords. sellers tenants, yers, at P.O. Box12188, P.O. Austin, 78711-2188Texasat , 512-936-3000 (http by agreeing to act as a as act to agreeing by brokerage services to prospective bu brokerage services to Approved by the Texas Real Estate Commission for Voluntary Use Voluntary for Commission Estate Real Texas the by Approved Texas law requires all real estate licensees real all requires Texas law efore working with a real estate broker, you you broker, estate real a with working efore should knowthat the duties of a broker depend on whom If represents. broker the prospective a you are landlord or seller Information About Brokerage Services Information About Brokerage Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records. subagent by accepting an offer of subagency from the from subagency of offer an accepting by subagent real A subagent may broker. in a different work listing assist can subagent or broker listing A office. estate and the buyer represent not does but the buyer buyer The first. ofowner the interests the place must shouldnot tell the owner’s agent anything the buyer an because know to owner the want not would any owner the to disclose must agent owner’s agent. the to known information material BUYER: THE REPRESENTS THE BROKER IF entering by agent buyer’s the becomes broker The usually buyer, the represent agreement to an into A agreement. representation buyer a written through buyer’sagent canassist the owner but does not represent theowner and must place theinterests of buyer’s a tell not should owner first.buyerthe The buyer the want not would owner the anything agent the to disclose must agent buyer’sa because know to agent. the known to information material any buyer AN INTERMEDIARY: AS ACTS THE BROKER IF the between intermediary an as may act A broker TexasThe with Real complies broker the if parties written the obtain must broker The Act. License Estate an as act to transaction the to party each of consent B (owner) or a prospective buyeror a or (owner) tenant (buyer), you for property the lists who broker the that know should acts who broker A agent. owner’s the is lease or sale cooperation in owner the represents subagent a as with the listing broker. A broker who actsa buyer’s as an as act may broker A buyer. the represents agent the if parties the parties between intermediary locating in you assist can broker A writing. in consent obtaining or lease, or contract a preparing property, a is broker A you. representing without financing you honestly. treat to by law obligated OWNER: THE REPRESENTS THE BROKER IF entering by agent owner’s the brokerThe becomes a through usually owner, the with agreement an into agreement, or - written listing Buyer, Seller, Landlord or Tenant or Tenant Buyer, Seller, Landlord Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have have you If (TREC). Commission Estate Real Texas the by regulated and licensed are Salespersons and Brokers Estate Real Texas TREC contact should estate reala regarding licensee,you 1990 Post Oak Blvd, Suite 240 Houston, TX 77056

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