St. Mark's Medical Office Building Two St

ST. MARK'S MEDICAL OFFICE BUILDING TWO ST. MARK'S PLACE | LA GRANGE, TX 78945

OFFERING MEMORANDUM DISCLAIMER ST. MARK'S MEDICAL OFFICE BUILDING Colliers International Brokerage Company (“Broker“) has been retained as the exclusive advisor and broker for this offering. TWO ST. MARK'S PLACE This Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily LA GRANGE, TX 78945 accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective Buyers may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Seller and therefore are subject to variation. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the Property. Although the information contained EXCLUSIVE INVESTMENT ADVISORY TEAM herein is believed to be correct, the Seller and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Broker, the Seller and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in or omitted from the Offering Memorandum or any other written or oral communication transmitted or made available to the Buyer. The Offering Memorandum does not constitute a representation that there has been no GEOFF FICKE change in the business or affairs of the Property or the Owner since the date of preparation of the Offering Memorandum. Analysis and verification Executive Vice President of the information contained in the Offering Memorandum are solely the responsibility of the prospective Buyer. Additional information and an +1 972 759 7814 opportunity to inspect the Property will be made available upon written request to interested and qualified prospective Buyers. [email protected] By accepting the Offering Memorandum, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, ZACK FICKE collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents. Vice President Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, +1 972 759 7854 reasonable attorney’s fees and court costs which may be incurred with respect to any claims for other real estate commissions, broker’s fees or [email protected] finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Seller and Broker each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding CHRIS HIGBIE the Property and/or to terminate discussions with any entity at any time with or without notice. The Seller shall have no legal commitment or Associate obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless a written agreement for the +1 972 759 7830 purchase of the Property has been fully executed, delivered, and approved by the Seller and its legal counsel, and any conditions to the Seller’s [email protected] obligation thereunder have been satisfied or waived.

The Offering Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the SYDNEY GONZALEZ public, are of a confidential nature. By accepting the Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, Senior Client Services Specialist that you will not photocopy or duplicate it, that you will not disclose the Offering Memorandum or any of the contents to any other entity (except [email protected] to outside advisors retained by you, if necessary, for your determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker. SWARREN O'BARR No employee of seller or at the Subject Property is to be contacted without the written approval of the listing agents and doing so would be a Senior Client Services Specialist violation of this confidentiality agreement. [email protected] Broker has created cash flow projections for the Property using Argus Financial Software. Neither Broker nor the Seller make any representation, warranty or guaranty of the economic value of the Property through the cash flow projections contained in this Offering or the associated Argus computer files. Broker and their prospective buyers agree not to contact the tenants, their employees or customers of any business on the Property without prior permission from the Landlord.

COLLIERS INTERNATIONAL | 2 EXECUTIVE SUMMARY ST. MARK'S MEDICAL OFFICE BUILDING

Colliers International, on behalf of the Ownership, is pleased to exclusively offer the 100% occupied St. Mark’s Medical Office Building (the “Property”) situated at 2 St. Mark’s Place, La Grange TX. The office building is anchored by St. Mark’s Medical Center (SMMC) with 76% occupancy. The balance of the Property is tenanted by Austin Heart and Tru-Skin Dermatology. Residents from Fayette and Lee counties (133,500 population) visit SMMC for neurology, neurosurgery, podiatry, otolaryngology, urology, outpatient rehabilitation, audiology, and orthopedic care. As the only on-campus office building in La Grange, this Property is well positioned for continued occupancy and cash flow.

The Property is a 31,203 square foot multi-tenant building, on-campus and adjacent to SMMC. The Property has 83.6 years remaining on a 99-year ground lease. As part of the ground lease, SMMC has a Master Lease Agreement that provides investors with stable cash flow through 2035 and a weighted average lease term (WALT) of 13.7 years.

SMMC is a 501(c)(3) not-for-profit hospital and is an affiliate of Community Hospital Corporation (CHC), SMMC benefits from hands-on management from CHC.

INVESTMENT HIGHLIGHTS

• Average annual rental increases of 2.3% throughout the remainder of lease term(s)

• Master Lease Agreement provides stable cash flow through 2035 with a current 13.7 year WALT

• 83.6 years remaining on an original 99-year ground lease

• Tenants offer diverse and critical patient care: Neurology, Neurosurgery, Podiatry, Otolaryngology, Urology, Orthopedic, Outpatient Rehabilitation, Audiology

• On-campus to St. Mark’s Medical Center, a 65-bed hospital, providing complementary care and partnerships within practices (Austin Heart partners with SMMC cardiology imaging)

COLLIERS INTERNATIONAL | 3 HOSPITAL PROFILE ST. MARK'S MEDICAL OFFICE BUILDING

AREAS OF PRACTICE

St. Mark’s Medical Center is the anchor tenant at 2 St. Mark’s YEAR BUILT • CARDIOVASCULAR Place, Occupying 23,616 SF (approximately 76% of the 2005 GLA.) St. Mark’s Medical Center (SMMC) is a not-for- profit • CARDIAC REHAB general medical/surgical hospital serving the needs of patients in the central Texas communities of Fayette, Lee, and some of Bastrop counties. The current hospital was built TELEPHONE NUMBER • EMERGENCY DEPARTMENT in 2005 to replace Fayette Memorial, a facility that was (979) 242-2200 built in the 1960’s and had become too small and outdated to • NEUROSCIENCE provide technological services, such as CAT scans, efficiently. Residents of Fayette and Lee counties raised over$4.9MM to • SLEEP STUDIES fund the building of the new hospital. HOSPITAL WEBSITE WWW.SMMCTX.ORG SMMC provides an array of comprehensive state of the • OBSTETRICS art healthcare services that range widely from surgical services, a birthing center and specialist care to cardiac • RADIOLOGY / NUCLEAR rehabilitation and general acute care services. St. Mark’s CMS CERTIFICATION # also offers a state of the art cardiovascular imaging 670004 • COMPUTED TOMAGRAPHY(CT) (located in the MOB) and is designated as a Level IV Trauma Center. • COMPUTATED TOMAGRAPHY SMMC is a member of the Community Hospital Corporation TYPE OF FACILITY ANGIOGRAPHY (CTA) (CHC), a family of over 23 community hospitals. CHC offers SHORT TERM ACUTE CARE efficiencies, buying power and leadership to strengthen, preserve and protect hospitals for their communities. • MAGNETIC RESONANCE

St. David’s HealthCare, HCA is a clinical affiliate of St. TYPE OF CONTROL • IMAGING (MRI) Mark’s Medical Center. St. David’s, HCA joined forces with NONPROFIT St. Mark’s Medical Center in 2011 to meet the healthcare needs of the people of Lee and Fayette Counties and the La • PHYSICAL THERAPY Grange community. As a clinical affiliate, St. David’s, HCA HealthCare supports St. Mark’s clinical excellence and AFFILIATIONS/MEMBERSHIPS • SNF SURGERY provides access to its seven hospitals for specialty care. ST. DAVID'S HEALTHCARE, HCA Through Austin Heart (a St. David’s member practice), St. & COMMUNITY HOSPITAL David’s and St. Mark’s are partnered in the new cardio • INPATIENT SURGERY vascular imaging center located in St. Mark’s MOB. CORPORATION

COLLIERS INTERNATIONAL | 4 TENANT OVERVIEW | ST. MARK'S MEDICAL CENTER ST. MARK'S MEDICAL OFFICE BUILDING

TENANT OVERVIEW

Rentable Square Feet 23,616

Suite(s) 100, 110, 120, 130, 150

Rent Adjustment 2% every year

Renewal Options None

Commencement Date 1/1/2006 (Suites 100, 110, 120, 140, 150) | 1/1/2020 (Suite 130) TENANT SUMMARY Lease Expiration Date 1/31/2035 St. Mark’s Medical Center is a 65-bed, 100,000-square foot 501(c)(3) not-for-profit hospital providing advanced healthcare close to home for patients in the central Texas communities of Fayette and Lee Counties, as DATE ANNUAL MONTHLY RENT PSF well as the surrounding areas. SMMC’s comprehensive health services, 2/1/2020 - 1/31/2021 $434,062.08 $36,171.84 $18.38 advanced technologies and medical specialists right here at St. Mark’s 2/1/2021 - 1/31/2022 $442,800.00 $36,900.00 $18.75 rival those of major metropolitan institutions. SMMC’s clinical affiliation with St. David’s HealthCare in Austin continues to build best clinical 2/1/2022 - 1/31/2023 $451,774.08 $37,647.84 $19.13 practices throughout central Texas. St. Mark’s is the proud recipient of 2/1/2023 - 1/31/2024 $460,748.16 $38,395.68 $19.51 the TMF Health Quality Institute Silver Award, exemplifying dedication to continuous quality improvement. 2/1/2024 - 1/31/2025 $469,958.40 $39,163.20 $19.90

St. Mark’s is a part of the Community Hospital Corporation (CHC) family 2/1/2025 - 1/31/2030 $479,404.80 $39,950.40 $20.30 of hospitals. CHC is a not-for-profit company whose sole mission is to 2/1/2030 - 1/31/2031 $489,087.36 $40,757.28 $20.71 help not-for-profit hospitals, such as St. Mark’s Medical Center, remain community-operated and governed. CHC manages 7 hospitals and has 2/1/2031 - 1/31/2032 $498,769.92 $41,564.16 $21.12 15 affiliated hospitals throughout the country, generating net patient 2/1/2032 - 1/31/2033 $508,688.64 $42,390.72 $21.54 revenue of $792,000,000. Based in Plano, Texas, the organization provides the resources and experience community hospitals need to 2/1/2033 - 1/31/2034 $518,843.52 $43,236.96 $21.97 improve quality outcomes, patient satisfaction and financial performance. 2/1/2034 - 1/31/2035 $529,234.56 $44,102.88 $22.41

COLLIERS INTERNATIONAL | 5 TENANT OVERVIEW | AUSTIN HEART ST. MARK'S MEDICAL OFFICE BUILDING

TENANT OVERVIEW

Rentable Square Feet 4,564

Suite(s) 125, 160

Rent Adjustment 3% every year

Renewal Options None

Commencement Date 10/1/2005

Lease Expiration Date 1/31/2022

DATE ANNUAL MONTHLY RENT PSF

7/1/2020 - 6/30/2021 $89,773.92 $7,481.16 $19.67

7/1/2021 - 1/31/2022 $92,466.60 $7,705.55 $20.26 TENANT SUMMARY NOTES TO RENT SCHEDULE Austin Heart has been providing superior, patient-centered cardiac and • Under Master Lease Agreement, SMMC will take any vacant space through 2035 vascular care since 1994. As the largest provider of cardiac and vascular services in Central Texas, with 14 full-time office locations and 14 outreach clinics. From San Marcos to Harker Heights, and La Grange to Fredericksburg, their heart doctors specialize in cardiology, congestive heart failure, invasive cardiology, cardiovascular disease, interventional cardiology, venous disorders, peripheral vascular interventions and valvular heart disease. Austin Heart is part of the HCA Healthcare family and is affiliated with St. David’s HealthCare, one of four organizations in the nation that was recently awarded the prestigious 2014 Malcolm Baldrige National Quality Award for performance excellence.

COLLIERS INTERNATIONAL | 6 TENANT OVERVIEW | TRU-SKIN DERMATOLOGY ST. MARK'S MEDICAL OFFICE BUILDING

TENANT OVERVIEW

Rentable Square Feet 3,023

Suite(s) 140

Rent Adjustment 3% every year

Renewal Options One (1) Three (3)-year Option

Commencement Date 4/1/2010

Lease Expiration Date 3/31/2022

DATE ANNUAL MONTHLY RENT PSF

4/1/2020 - 3/31/2021 $56,046.42 $4,670.54 $18.54

4/1/2021 - 3/31/2022 $57,739.30 $4,811.61 $19.10

Option Term Fair Market Rent TENANT SUMMARY Daniel J. Ladd, DO founded Tru-Skin Dermatology in 2004 and has NOTES TO RENT SCHEDULE expanded to 7 locations all across Central Texas. With offices in Austin, • Under Master Lease Agreement, SMMC will take any vacant space through 2035 Bastrop, La Grange, Bee Cave, Spring Branch, Cedar Park, and Hallettsville Tru-Skin specializes in medical dermatology and treat everything from acne to psoriasis and their primary focus is treating various types of skin cancer. Services: cosmetic dermatology services, such as BOTOX® injections, fillers, and photofacials, oculoplastic procedures (both cosmetic and medical), microdermabrasion, micro-needling, chemical peels, rosacea treatment, laser hair removal, hair loss restoration and more.

COLLIERS INTERNATIONAL | 7 AERIAL OVERVIEW ST. MARK'S MEDICAL OFFICE BUILDING

ST. MARK’S MEDICAL CENTER

ST. MARK’S MEDICAL OFFICE BUILDING

COLLIERS INTERNATIONAL | 8 PROPERTY OVERVIEW ST. MARK'S MEDICAL OFFICE BUILDING

GROUND LEASE ABSTRACT PROPERTY DESCRIPTION Owner: St. Marks Medical Center St. Mark’s Medical Building Name Year Built 2005 Lease Term: August 16th, 2005 - December 31, 2104 Office Building Annual Base Rent: $9,750 Property Type Office - Medical Building Class B Rent Increases: 2.5% annually for years 31-99

Building Size 31,203 SF Building Height 1 Story Uses: General Medical Office, Office, and Ancillary Services

• SMMC has a master lease agreement to lease all vacant space through 2035, as 5.2 : 1,000 sf Land Acres 38.68 Acres Parking Ratio available. Rent shall be at current effective Base Rent. (162 parking stalls) GROUND LEASE RENT SCHEDULE Building FAR 0.02 Zoning AP Year Annual Rent

Concrete tilt-up / 8/16/2005 - 8/15/2035 $9,750 Construction Type Fire Protection Fully sprinklered brick veneer 8/16/2035 - 12/31/2104 2.5% increase annually for years 31-99

Current % Bldg. Lease Lease Years Total Current Total Current Lease Rent Tenant Suite RSF Annual Rent Options Share Commencement Expiration Remaining Rent Per Month Rent Per Year Type Increases PSF St. Marks Medical Center 100 1,273 4.08% 1/1/2006 1/31/2035 13.7 $18.75 $1,989 $23,869 NN 2% None St. Marks Medical Center 110 12,343 39.56% 1/1/2006 1/31/2035 13.7 $18.75 $19,286 $231,431 NN 2% None St. Marks Medical Center 120 4,650 14.90% 1/1/2006 1/31/2035 13.7 $18.75 $7,266 $87,188 NN 2% None Austin Heart 125, 160 4,564 14.63% 10/1/2005 1/31/2022 0.7 $19.67 $7,481 $89,774 NN 3% None St. Marks Medical Center 130 4,075 13.06% 1/1/2020 1/31/2035 13.7 $18.75 $6,367 $76,406 NN 2% None One(1) Tru-Skin Dermatology 140 3,023 9.69% 4/1/2010 3/31/2022 0.9 $19.10 $4,812 $57,739 NN 3% Three(3)-year Option St. Marks Medical Center 150 1,275 4.09% 1/1/2006 1/31/2035 13.7 $18.75 $1,992 $23,906 NN 2% None 10.6 NN TOTALS / WEIGHTED AVERAGES 31,203 100% $18.92 $49,193 $590,313 (1) (2) • (1) Per terms of the Master Lease Vacancy Agreement, SMMC will take occupancy of any vacant space in the building through 2035, resulting in a WALT of 13.7. Rent will be the same as the then current effective rent.

• (2) NN Lessor responsibilities include, but are not limited to structural repairs to roof, foundation, and walls.

COLLIERS INTERNATIONAL | 9 CASH FLOW ST. MARK'S MEDICAL OFFICE BUILDING

Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11

For the Years Ending Jul-2022 Jul-2023 Jul-2024 Jul-2025 Jul-2026 Jul-2027 Jul-2028 Jul-2029 Jul-2030 Jul-2031 Jul-2032 Total NOTES TO CASH FLOW

Rental Revenue • Start Analysis Date 8/1/2021 Scheduled Base Rent 599,457 612,997 626,791 640,962 650,674 647,706 642,409 647,299 657,177 672,047 680,144 7,077,663 1. St. Marks Medical Center 447,287 456,261 465,353 474,682 479,405 479,405 479,405 479,405 484,246 493,929 503,729 5,243,106 • Assume Austin Heart and Tru-Skin 2. Austin Heart 93,854 96,669 99,569 102,556 105,633 102,937 100,160 103,165 106,260 109,448 107,632 1,127,885 Dermatology will renew their 3. Tru-Skin Dermatology 58,317 60,066 61,868 63,724 65,636 65,364 62,843 64,729 66,671 68,671 68,783 706,672 leases upon lease expiration at Total Rental Revenue 599,457 612,997 626,791 640,962 650,674 647,706 642,409 647,299 657,177 672,047 680,144 7,077,663 103% of prior rent with 3% step rent every year Other Tenant Revenue Total Expense Recoveries 223,711 225,851 228,012 230,195 232,399 234,625 236,874 239,145 241,439 243,756 246,096 2,582,105 • Operating Expenses are 2020 1. St. Marks Medical Center 169,316 170,935 172,571 174,223 175,891 177,576 179,278 180,997 182,733 184,487 186,258 1,954,267 actual expenses provided by the 2. Austin Heart 32,722 33,035 33,351 33,670 33,993 34,318 34,647 34,979 35,315 35,654 35,996 377,679 seller (except for General Repair 3. Tru-Skin Dermatology 21,674 21,881 22,090 22,302 22,515 22,731 22,949 23,169 23,391 23,616 23,842 250,159 & Maintenance, which is 2021 Total Other Tenant Revenue 223,711 225,851 228,012 230,195 232,399 234,625 236,874 239,145 241,439 243,756 246,096 2,582,105 budget), assume 1% annual growth in the operating expenses Total Tenant Revenue 823,169 838,847 854,803 871,157 883,073 882,332 879,283 886,444 898,616 915,804 926,240 9,659,767 • Ground Lease Term August 16th, Potential Gross Revenue 823,169 838,847 854,803 871,157 883,073 882,332 879,283 886,444 898,616 915,804 926,240 9,659,767 2005 - December 31, 2104 (99

Effective Gross Revenue 823,169 838,847 854,803 871,157 883,073 882,332 879,283 886,444 898,616 915,804 926,240 9,659,767 years), current rent is $9,750/ year and will increase by 2.5% Operating Expenses annually from year 31 to 99 Land Rent 9,750 9,750 9,750 9,750 9,750 9,750 9,750 9,750 9,750 9,750 9,750 107,250 Cleaning 55,366 55,919 56,479 57,043 57,614 58,190 58,772 59,360 59,953 60,553 61,158 640,406 Landscape Services 11,337 11,451 11,565 11,681 11,798 11,916 12,035 12,155 12,277 12,399 12,523 131,137 HVAC Maintenance 10,002 10,102 10,203 10,306 10,409 10,513 10,618 10,724 10,831 10,939 11,049 115,696 Security / Life Safety 1,321 1,334 1,348 1,361 1,375 1,388 1,402 1,416 1,431 1,445 1,459 15,281 Ground & Lot 2,587 2,613 2,639 2,665 2,692 2,719 2,746 2,773 2,801 2,829 2,857 29,920 General Repair & Maintenance 12,657 12,784 12,911 13,040 13,171 13,303 13,436 13,570 13,706 13,843 13,981 146,401 Management Fees 49,184 49,675 50,172 50,674 51,181 51,692 52,209 52,731 53,259 53,791 54,329 568,899 Utilities 14,044 14,184 14,326 14,469 14,614 14,760 14,908 15,057 15,207 15,360 15,513 162,443 Real Estate Taxes 46,251 46,714 47,181 47,653 48,129 48,610 49,096 49,587 50,083 50,584 51,090 534,979 Insurance 11,213 11,325 11,438 11,552 11,668 11,784 11,902 12,021 12,142 12,263 12,386 129,693 Roof Repairs & Maintenance 2,439 2,464 2,488 2,513 2,538 2,564 2,589 2,615 2,641 2,668 2,694 28,214 (Non-recoverable) Total Operating Expenses 226,150 228,314 230,500 232,708 234,937 237,189 239,463 241,761 244,081 246,424 248,791 2,610,318

Net Operating Income 597,018 610,533 624,303 638,449 648,136 645,143 639,819 644,684 654,536 669,380 677,450 7,049,449

COLLIERS INTERNATIONAL | 10 FINANCIALS ST. MARK'S MEDICAL OFFICE BUILDING

PRICING DETAILS

SALE PRICE UNSTATED

PERIOD PRO FORMA NOI

8/1/2021 - 7/31/2022 $597,018

8/1/2022 - 7/31/2023 $610,533

8/1/2023 - 7/31/2024 $624,303

8/1/2024 - 7/31/2025 $638,449

8/1/2025 - 7/31/2026 $648,136

8/1/2026 - 7/31/2027 $645,143

8/1/2027 - 7/31/2028 $639,819

8/1/2028 - 7/31/2029 $644,684

8/1/2029 - 7/31/2030 $654,536

8/1/2030 - 7/31/2031 $669,380

8/1/2031 - 7/31/2032 $677,450

COLLIERS INTERNATIONAL | 11 DEMOGRAPHICS ST. MARK'S MEDICAL OFFICE BUILDING LA GRANGE OVERVIEW (5 MILE RADIUS)

POPULATION In the identified area, the current year population is 7,878. In 2010, the Census count in the area was 7,693. The rate of change since 2010 was 0.23% annually. The five-year projection for the population in the area is 7,997 representing a change of 0.30% annually from 2020 to 2025. Currently, LA GRANGE the population is 48.6% male and 51.4% female. TEXAS HOUSEHOLDS The household count in this area has changed from 3,091 in 2010 to 3,155 in the current year, a change of 0.20% annually. FAYETTE COUNTY The five-year projection of households is 3,198, a change of 0.27% annually from the current year total. Average household METRO-AREA POPULATION size is currently 2.44, compared to 2.43 in the year 2010. The number of families in the current year is 2,158 in the 25,482+ specified area. HOUSEHOLDS BY INCOME (AVERAGE) Current average household income is $74,520 in this area, compared to $87,398 for all U.S. households. Average household income is projected to be $79,447 in five years, compared to $99,638 for all U.S. Households.

CITY OF LA GRANGE HOUSING La Grange is a city in Fayette County, Texas, United States, Currently, 62.4% of the 3,914 housing units in the area are near the Colorado River. It is located between Houston and owner occupied; 18.1%, renter occupied; and 19.4% are Austin on Texas State Highway 71. The population was 4,641 vacant. Currently, in the U.S., 56.4% of the housing units in the at the 2010 census, and in 2018 the estimated population area are owner occupied; 32.3% are renter occupied; and was 4,632. La Grange is the county seat of Fayette County. 11.3% are vacant. In 2010, there were 3,730 housing units in the area - 59.3% owner occupied, 23.6% renter occupied, and 17.1% vacant. The annual rate of change in housing units

COLLIERS INTERNATIONAL | 12 OFFERING INSTRUCTIONS ST. MARK'S MEDICAL OFFICE BUILDING

PROPERTY TOURS: By appointment only BID DEADLINE: TBD PURCHASE PRICE: Unpriced FORM OF PSA: Sellers TITLE & ESCROW: TBD

Offers should be submitted via email to [email protected] , [email protected] and [email protected] On or before the bid deadline and include the following:

1. Purchase price 2. Source of debt and equity 3. Earnest money deposit 4. Due diligence and closing timelines 5. Detailed list of contingencies including investment committee, appraisal, and/or Lender approval that may be required 6. Detailed list of closing cost responsibilities

COLLIERS INTERNATIONAL | 13 INFORMATION ABOUT BROKERAGE SERVICES TEXAS REAL ESTATE COMMISSION

INFORMATION ABOUT BROKERAGE SERVICES Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. 11-2-2015

TYPES OF REAL ESTATE LICENSE HOLDERS: • A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material information about the property or transaction received by the broker; • Answer the client’s questions and present any oﬀer to or counter-offer from the client; and • Treat all parties to a real estate transaction honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner's agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a written representation agreement.A buyer's agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary: • Must treat all parties to the transaction impartially and fairly; • May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. • Must not, unless specifically authorized in writing to do so by the party, disclose: ▪ that the owner will accept a price less than the written asking price; ▪ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and ▪ any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.

AS SUBAGENT:A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer.A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner ﬁrst.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duties and responsibilities to you, and your obligations under the representation agreement. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

Colliers International North Texas, LLC 522575 [email protected] 214-692-1100 Licensed Broker /Broker Firm Name or Primary Assumed Business Name License No. Email Phone

Daniel Taylor 474735 [email protected] 214-217-1254 Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate License No. Email Phone Geoff Ficke 593051 [email protected] 972-759-7814 Sales Agent/Associate’s Name License No. Email Phone

Buyer/Tenant/Seller/Landlord Initials Date

Regulated by the Texas Real Estate Commission COLLIERS INTERNATIONAL | PROPOSAL Information available at www.trec.texas.gov IABS 1-0

COLLIERS INTERNATIONAL | 14 OFFERING MEMORANDUM

EXCLUSIVE INVESTMENT ADVISORY TEAM

GEOFF FICKE ZACK FICKE CHRIS HIGBIE Executive Vice President Vice President Associate +1 972 759 7814 +1 972 759 7854 +1 972 759 7830 [email protected] [email protected] [email protected]

COLLIERS INTERNATIONAL | DALLAS SYDNEY GONZALEZ SWARREN O’BARR 1717 McKinney Avenue, Suite 900 Sr. Client Services Specialist Sr. Client Services Specialist +1 972 759 7840 +1 972 759 7854 Dallas, Texas 75202 [email protected] [email protected] www.colliers.com