Park 96 Industrial Portfolio Austin, Texas 3 Buildings • 100% Leased • 99,000 Square Feet

PARK 96 INDUSTRIAL PORTFOLIO AUSTIN, TEXAS 3 BUILDINGS • 100% LEASED • 99,000 SQUARE FEET

o f f e r i n g s u m m a r y PARK 96 INVESTMENT OVERVIEW INDUSTRIAL PORTFOLIO

HFF has been exclusively retained to offer qualified investors the opportunity to purchase the Park 96 Industrial Portfolio (the “Portfolio”) that consists of three shallow-bay distribution buildings totaling 99,000 square feet. The Portfolio is located in Austin, Texas and provides the opportunity to acquire a 100% leased, institutional quality industrial project within the coveted Austin industrial market.

QUALITY ASSETS INVESTMENT HIGHLIGHTS Rentable Area: 99,000 SF The Park 96 buildings have been institutionally owned and % Leased: 100% 100% LEASED WITH ADDITIONAL UPSIDE managed since construction. The Year Built: 1999 The Park 96 Industrial Portfolio is currently 100% leased to six tenants that are involved in a wide Portfolio’s competitive features variety of industries including electronics, automotive, semiconductor, plastics and electrical include 1999 construction, front Clear Height: 20' (All Buildings) lighting control products. Upside exists from the following: park/rear load configuration with 105’ – 120’ truck courts, Office Finish: +/- 33% ◊ The tenants have an average remaining lease term of 3.6 years, allowing future ownership multiple glass storefronts, +/- the opportunity to increase the rental rates in the near-term as market fundamentals 33% office finish and +/- 77% air conditioned space. In addition, all three buildings feature 20’ continue to strengthen. clear heights that are ideal for the average suite size of 16,500 square feet.

◊ All of the tenants have annual rent increases. Through contractual rent steps, the average PREMIER LOCATION base rental rates increase 11.1% over the remaining terms of the leases. The Park 96 Industrial Portfolio is strategically located on Dessau Road, just northeast of the convergence of the Interstate 35 (IH-35), U.S. Route 183 (US-183) and U.S. Highway 290 (US- ◊ The Park 96 Industrial Portfolio is located in the Northeast Austin industrial submarket, 290) interchange. The Portfolio has immediate access to both IH-35 via East Rundberg Lane one of Austin’s strongest performing submarkets. The Portfolio’s submarket is currently and US-183 via Cameron Road. Cameron Road and East Rundberg Lane are both four-way 96.1% occupied and there is currently just 20,500 square feet under construction. These interchanges with named exits off of the major thoroughfares. attributes, combined with the premier location, will continue to drive rental rate appreciation.

2 PARK 96 INVESTMENT OVERVIEW INDUSTRIAL PORTFOLIO

AUSTIN INDUSTRIAL MARKET The Austin industrial market consists of 73.8 million square feet of warehouse space that is currently that is currently 94.1% occupied as of 2nd Quarter 2015. Current highlights include the following:

AUSTIN INDUSTRIAL MARKET HIGHLIGHTS AUSTIN INDUSTRIAL MARKET HISTORICAL OCCUPANCY AND RENTAL RATES Total Warehouse Inventory YTD 2015 Net Absorption 95.0% $8.00 73.8 Million Square Feet 1.3 Million Square Feet 4th Largest Texas #1 Texas Industrial Market 94.0% $7.50 Industrial Market on a % Basis 93.0% $7.00

92.0% $6.50 NORTHEAST INDUSTRIAL SUBMARKET HIGHLIGHTS 91.0% $6.00 Current Occupancy YTD 2015 Net Absorption 90.0% $5.50 96.1% 586,813 Square Feet Outperforming Austin Top Performing Austin 89.0% $5.00 Industrial Market Industrial Submarket 88.0% $4.50 Source: CoStar, 2nd Quarter 2015 industrial report 87.0% $4.00 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 - 2Q Warehouse Occupancy Warehouse Rental Rates INSTITUTIONAL OWNERSHIP North Austin is a coveted location for institutional owners in the Austin industrial market. Institutional ownership within the Northeast and North Austin industrial submarkets include the following:

3 PARK 96 PORTFOLIO OVERVIEW INDUSTRIAL PORTFOLIO

PORTFOLIO SUMMARY Year Rentable % # of Average Avg. Remaining Office Air Conditioned Building Truck Clear Property Built Area Leased Tenants Suite Size Lease Term Finish Space Depth Court Height Building 1 9601 Dessau Road 1999 33,000 100% 2 16,500 1.8 Years +/- 33% +/- 88% 100' 120' 20' Austin, TX 78754 Shared with Building 2 Building 2 9601 Dessau Road 1999 33,000 100% 1 33,000 5.3 Years +/- 24% 100% 100' 120' 20' Austin, TX 78754 Shared with Building 3 Building 3 9601 Dessau Road 1999 33,000 100% 3 11,000 3.6 Years +/- 43% +/- 43% 100' 105' 20' Austin, TX 78754 Totals 99,000 6 Averages 1999 100% 16,500 3.6 Years +/- 33% +/- 77% 20'

4 BALCONES NATIONAL WILDLIFE REFUGE

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STEINER Lamar RANCH

Cameron Road er Hwy Riv ado Emma Long Color exas Metropolitan Park T Cameron of Manor Expressway (Toll Road) MOPAC Expy 290 pital Ca

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Blvd 2244 Wild Basin Lamar Guadalupe Wilderness S Park Walter E. d Long Lake WEST LAKE r R L1 University Man o 183 HILLS of Texas State Zilker Capitol 969 Park E 7th The St Austin Zoo Gus Fruh AUSTIN 71 Dist. Park Airport OAK HILL

Blvd 290 71 973 290 5 1826 SUNSET 130 William VALLEY vd Can 275 Bl ll Rd hite Hi S non n W r la Dr Be e ughter ld La E n e W

183 Austin-Bergstrom 71 45 International Airport FORD OAKS P earce Ln SAN LEANNA 1826

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967 1327 BUDA CREEDMOOR PARK 96 AERIAL VIEW TO THE SOUTH INDUSTRIAL PORTFOLIO

N Austin-Bergstrom International Airport

U.S. Highway 290 U.S. Route 183 INTERCHANGE

Four-way interchange with named Cameron Road EXIT

Cameron Road

PARK 96 INDUSTRIAL PORTFOLIO East Rundberg Lane

Dessau Road 6 PARK 96 AERIAL VIEW TO THE SOUTHWEST INDUSTRIAL PORTFOLIO

Mopac Expressway U.S. Highway 290 / U.S. Route 183 INTERCHANGE U.S. Highway 183

Interstate 35 Four-way interchange with named East Rundberg Lane EXIT

Cameron Road

East Rundberg Lane

PARK 96 INDUSTRIAL PORTFOLIO

Dessau Road

7 PARK 96 AUSTIN ECONOMIC OVERVIEW INDUSTRIAL PORTFOLIO

EMPLOYMENT GROWTH PROJECTIONS POPULATION GROWTH PROJECTIONS Ranked by Job Growth from 2014 to 2019 Ranked by Population Growth from 2014 to 2019 Numeric Change Numeric Change Rank MSA 2014-2019 Annualized % Change Rank MSA 2014-2019 Annualized % Change 1 Austin-Round Rock TX 136,490 27,298 15.1% 1 Orlando FL 332,320 66,464 14.2% 2 Orlando FL 147,910 29,582 13.2% 2 Austin-Round Rock TX 252,220 50,444 12.9% 3 Dallas-Fort Worth-Arlington TX 426,480 85,296 13.1% 3 Las Vegas-Paradise NV 264,360 52,872 12.7% 4 Phoenix-Mesa-Scottsdale AZ 239,760 47,952 12.7% 4 Phoenix-Mesa-Scottsdale AZ 554,720 110,944 12.3% 5 San Antonio TX 117,110 23,422 12.5% 5 Charlotte-Gastonia NC-SC 219,770 43,954 11.5% 6 Charlotte-Gastonia NC-SC 113,070 22,614 12.5% 6 Dallas-Fort Worth-Arlington TX 737,400 147,480 10.6% 7 Houston-Baytown TX 343,350 68,670 11.7% 7 Atlanta-Sandy Springs GA 524,000 104,800 9.3% 8 Atlanta-Sandy Springs GA 286,390 57,278 11.5% 8 San Antonio TX 215,590 43,118 9.2% 9 Las Vegas-Paradise NV 100,400 20,080 11.4% 9 Houston-Baytown TX 561,900 112,380 8.6% 10 Tampa-St. Petersburg-Clearwater, FL 126,020 25,204 10.5% 10 Denver-Aurora-Lakewood, CO 226,590 45,318 8.2% 11 Miami-Fort Lauderdale-West Palm Beach, FL 104,610 20,922 9.5% 11 Seattle-Bellevue WA 206,020 41,204 7.2% 12 Portland-Vancouver OR-WA 100,780 20,156 9.3% 12 Miami-Fort Lauderdale-West Palm Beach, FL 184,280 36,856 7.0% 13 Sacramento–Roseville–Arden-Arcade, CA 82,660 16,532 9.3% 13 Riverside-San Bernardino CA 283,120 56,624 6.3% 14 San Jose-Sunnyvale-Santa Clara, CA 91,170 18,234 9.0% 14 Tampa-St. Petersburg-Clearwater, FL 183,570 36,714 6.3% 15 San Francisco–Oakland–Hayward, CA 100,200 20,040 8.9% 15 San Diego-Carlsbad CA 191,510 38,302 5.8%

Source: Reis, 2nd Quarter 2015; the survey includes the 35 largest MSAs in the United States.

AUSTIN HIGHLIGHTS

TOP-RANKED CITY HOTTEST REAL FOR PROJECTED CITY ESTATE TOP # ANNUAL JOB # 1 GROWTH FOR MARKET AMERICAN #1 2 THROUGH BOOMTOWN JOBS & CULTURE IN THE U.S. #1 2015

8 ADDITIONAL INFORMATION OFFERING FORMAT

If you have any questions or require additional information, please contact the individuals below: ASKING PRICE: No asking price has been established for the Offering OFFER DEADLINE: TBD RANDY BAIRD JUD CLEMENTS ROBBY RIEKE Senior Managing Director Managing Director Director [email protected] [email protected] [email protected] FINANCIAL OVERVIEW 469.232.1978 469.232.1975 469.232.1934 RENTABLE AREA: 99,000 square feet JOHN TAYLOR STEPHEN BAILEY STEVEN KIMOSH Managing Director Analyst Analyst PERCENT LEASED: 100% [email protected] [email protected] [email protected] 512.532.1950 469.232.1992 469.692.4703 APPROXIMATE YEAR-1 NOI: $543,000

HFF DEBT CONTACT Holliday Fenoglio Fowler, L.P. 2323 Victory Avenue, Suite 1200 CASEY WENZEL Dallas, Texas 75219 Associate Director Telephone: 214.265.0880 [email protected] www.hfflp.com 512.621.1923 Facsimile: 214.265.9564

©2015 HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit www. hfflp.com or follow HFF on Twitter at www.twitter.com/hff.

HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references 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 diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.