Sports Village-LRG-Website

Home , 2021 FC Dallas season, Toyota Stadium (Texas)

OFFERING MEMORANDUM

PROPERTY SPORTS VILLAGE PLAZA

LOCATION 6065 SPORTS VILLAGE ROAD FRISCO, TX 75033 CONFIDENTIALITY AND DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

NON-ENDORSEMENT NOTICE

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. NET LEASE DISCLAIMER

Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:

• The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided. • As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. • Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. • Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs. • Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property. • By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property. TABLE OF CONTENTS

1 EXECUTIVE SUMMARY Offering Highlights 6 Investment Overview 7 Location Overview 8

2 FINANCIAL OVERVIEW Financing and Expenses 10 Income and Expenses 11 Tenant Summary 12-13 Lease Expiration Schedule 14

3 PROPERTY OVERVIEW Regional Maps 16 Local Map 17 Site Plan 18 Aerial Photo 19 Aerial Map 20

4 MARKET OVERVIEW Demographic Data 22 Demographic Summary 23 Information About Brokerage Services 24 EXECUTIVE 1 SUMMARY OFFERING HIGHLIGHTS EXECUTIVE SUMMARY

SPORTS VILLAGE PLAZA 6065 SPORTS VILLAGE ROAD, FRISCO, TX 75033

SUMMARY MAJOR EMPLOYERS PRICE $6,794,000 WALMART 1,338 CAP RATE - CURRENT 6.68% CENTENNIAL MEDICAL CENTER 993 NOI - CURRENT $454,012 GENBAND US LLC 900 PERCENT OCCUPIED 100.00% CITY OF FRISCO 800 GROSS LEASABLE AREA (GLA) (SQ.FT.) 18,323 TRANSPLACE INTERNATIONAL 600 PRICE PER SQUARE FOOT $370.79 FRISCO 500 LAND AREA (ACRES) 1.934 MACYS 500 YEAR BUILT 2013 BAYLOR MEDICAL CTR AT FRISCO 466 CLA ESTATE SERVICES 450 DEMOGRAPHICS 1-MILE 3-MILES 5-MILES DALLAS STARS HOCKEY CLUB 450 2014 POPULATION 2,709 65,094 157,020 TARGET 377 2019 POPULATION 3,451 81,495 194,575 THE HOME DEPOT 350 2014 HOUSEHOLDS 973 21,773 52,969 2019 HOUSEHOLDS 1,246 27,117 65,667 MEDIAN HH INCOME $94,886 $93,989 $92,780 PER CAPITA HH INCOME $46,404 $41,093 $40,299 AVERAGE HH INCOME $129,203 $122,749 $119,409

SPORTS VILLAGE PLAZA 6065 SPORTS VILLAGE ROAD, FRISCO, TX 75033

Sports Village Plaza is an 18,323-square foot, multi-tenant retail center in the desirable DFW suburb of Frisco, Texas. The center is 100 percent occupied, and all leases are triple-net. Tenants consist of Foley Custom Pools, Low T Center, 2717 Fitness Group, Her Kare, Durkin’s Pizza, and Dickey’s Barbecue Pit. The building is newer 2013 construction, situated on 1.9 acres.

The subject property is located on Sports Village Road just east of the Dallas North Tollway. The property is located in a highly affluent area, with a one mile average household income of $129,200, and a population exceeding 157,000 residents within five miles. Neighboring national and regional tenants include Fieldhouse USA, DaVita Dialysis, Costco, Target, Best Buy, Hampton Inn & Suites, Rudy’s Country Store, Comfort Suites, The Blue Goose Cantina, Cinemark Theaters, Main Event, Panera Bread, LA Fitness, IHOP, Babe’s Chicken Dinner House, and others. • 100 Percent Occupied Retail Center in One of the Nation’s Fastest Growing Cities A new mixed-use development, called Frisco Fresh Market, will be situated • All Leases are Triple-Net on 32 acres just south of the subject property. The development will be anchored by an 80,000-square foot farmers market featuring indoor and • Building is Newer 2013 Construction outdoor space and will also include office buildings, additional retail and • Located Just East of the Dallas North Tollway on Sports Village Road restaurants, apartments and a hotel. Directly across from the Frisco Fresh Market development is Toyota Stadium, home to Major League Soccer team • Highly Affluent Location | The One Mile Average Household Income FC Dallas. Exceeds $129,000 • New 32-Acre Frisco Fresh Market Mixed-Use Development Under Frisco is located in Denton and Collin Counties, approximately 25 minutes Construction Directly South of the Property north of Dallas. Frisco is known for business with new corporations calling • Near Toyota Stadium | Home of FC Dallas Major League Soccer Team Frisco home each day. One of the fastest growing communities in Texas, and Venue for Other Sporting and Entertainment Events Frisco’s population has grown 247 percent from 2000 to 2009, making it the fastest growing city in America for the decade. The most recent U.S. Census • Frisco is Home to the $5 Billion Mile, One of the Most Dynamic Development Bureau data shows Frisco is currently the 12th fastest growing city in the Concentrations in America nation.

• Located 25 minutes north of downtown Dallas, and 25 minutes from both DFW International Airport and Love Field

• Ranked as one of the fastest growing communities in the U.S.

• Over 9 million square feet of retail and dining, including IKEA, Stonebriar Centre Mall, and Sam Moon Trading Company

• Frisco Square is located at the intersection of Dallas North Tollway and Main Street, a new mixed-use development encompassing as much as 4.4 million square feet of office, retail, multi-family, and municipal facilities including a new City Hall, main library, and Frisco Heritage Village and Museum

• Frisco is home to several sporting venues: The Dallas Stars NHL team, with their corporate office and official practice ice located adjacent to the mall. FC Dallas major league soccer plays at Toyota Stadium, where a variety of concerts, football games and national and international soccer games also take place. The Frisco RoughRiders, AA Affiliate of the Development League team Texas Legends play at Dr Pepper Arena.

• The Dallas Cowboys recently moved their headquarters to Frisco in 2016. The 91-acre Dallas Cowboys project will include the team’s new headquarters and boasts state of the art training facilities and practice fields, a luxury hotel, high-end retail shopping and restaurants, and a 12,000 seat indoor stadium where the Frisco Independent School District high school varsity boys will play home games during the season

• Home to the $5 Billion Mile - one of the most dynamic development concentrations in America with $5.4 billion in capital investment within a one-mile stretch along Dallas North Tollway from Warren Parkway North to Lebanon Road. Consists of 4 mixed-use developments: Frisco Station, The Gate, The Star in Frisco (Dallas Cowboys Headquarters), and Wade Park

SPORTS VILLAGE PLAZA 6065 SPORTS VILLAGE ROAD, FRISCO, TX 75033

EXPENSES CURRENT PER SQ. FT.

REAL ESTATE TAXES $73,669 $4.02

INSURANCE $11,373 $0.62

CAM

UTILITIES $18,371 $1.00

REPAIRS & MAINTENANCE $3,355 $0.18

FIRE ALARM MONITORING $584 $0.03

PEST CONTROL $1,123 $0.06

LANDSCAPE MAINTENANCE $6,917 $0.38

TOTAL CAM $30,350 $1.66

MANAGEMENT FEE $18,000 $0.98

TOTAL EXPENSES $133,392 $7.28

SPORTS VILLAGE PLAZA 6065 SPORTS VILLAGE ROAD, FRISCO, TX 75033

INCOME & EXPENSES CURRENT PER SF

BASE RENT

OCCUPIED SPACE* $454,012 $24.78

GROSS POTENTIAL RENT $454,012 $24.78

EXPENSE REIMBURSEMENT

REAL ESTATE TAXES $73,669 $4.02

INSURANCE $11,373 $0.62

CAM $30,350 $1.66

MANAGEMENT FEE $18,000 $0.98

TOTAL EXPENSE REIMBURSEMENTS $133,392 $7.28

GROSS POTENTIAL INCOME $587,404 $32.06

EFFECTIVE GROSS INCOME $587,404 $32.06

TOTAL EXPENSES $133,392 $7.28

NET OPERATING INCOME $454,012 $24.78

*Total Annual Rent is based on the future base rent of $454,012 as of 8/01/18. Current actual rent is $444,632. Seller shall credit Buyer the monthly rent differential on a pro rata basis at closing.

SPORTS VILLAGE PLAZA 6065 SPORTS VILLAGE ROAD, FRISCO, TX 75033

LEASE TERM ANNUAL BASE RENT

TENANT GLA % OF GLA BEGIN END TOTAL PSF REIMBURSED OPTIONS TYPE

FOLEY CUSTOM POOLS 6,813 37.18% 6/09/2015 6/09/2023 $173,527.08 $25.47 $49,595.15 3, 3-YR NNN Changes on: 6/09/2019 Changes to: $177,001.80 Changes on: 6/09/2020 Changes to: $180,544.00 Changes on: 6/09/2021 Changes to: $184,155.36 Changes on: 6/09/2022 Changes to: $187,834.44

LOW T CENTER, INC. 2,287 12.48% 2/01/2014 5/10/2021 $59,416.20 $25.98 $16,647.32 1, 5-YR NNN Changes on: 2/10/2019 Changes to: $60,605.52 Changes on: 2/10/2020 Changes to: $61,817.64 Changes on: 2/10/2021 Changes to: $63,052.53 2717 FITNESS GROUP 2,013 10.99% 7/14/2017 9/17/2020 $47,305.56 $23.50 $14,673.12 NONE NNN Changes on: 7/14/2019 Changes to: $48,312.00

HER KARE 2,366 12.91% 6/03/2014 8/03/2021 $66,579.24 $28.14 $17,220.91 1, 5-YR NNN Changes on: 6/03/2019 Changes to: $67,904.16 Changes on: 6/03/2020 Changes to: $69,252.84 Changes on: 6/03/2021 Changes to: $70,648.80 DURKIN’S PIZZA 2,327 12.70% 4/28/2015 5/28/2020 $54,684.48 $23.50 $16,940.78 2, 5-YR NNN

Continued on page 13

SPORTS VILLAGE PLAZA 6065 SPORTS VILLAGE ROAD, FRISCO, TX 75033

Continued from page 12

LEASE TERM ANNUAL BASE RENT

TENANT GLA % OF GLA BEGIN END TOTAL PSF REIMBURSED OPTIONS TYPE

DICKEY’S 2,500 13.64% 12/01/16 12/31/21 $52,500.00 $21.00 $18,314.72 None Changes on: 1/01/2019 Changes to: $56,375.04 Changes on: 1/01/2020 Changes to: $59,750.04 Changes on: 1/01/2021 Changes to: $62,499.96

DICKEY’S 17 0.09% $0.00

TOTAL VACANT

TOTAL OCCUPIED 18,323 100.00% $454,012.56 $133,392.00

TOTAL 18,323 100.00% $454,012.56 $133,392.00

*Total Annual Rent is based on the future base rent of $454,012 as of 8/01/18. Current actual rent is $444,632. Seller shall credit Buyer the monthly rent differential on a pro rata basis at closing.

SPORTS VILLAGE PLAZA 6065 SPORTS VILLAGE ROAD, FRISCO, TX 75033

YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR END 2017 2018 2019 2020 2021 2022 2023 2024 FOLEY TENANTS 2717 FITNESS LOW T CUSTOM EXPIRING GROUP CENTER, INC. POOLS DURKIN’S HER KARE PIZZA

DICKEY’S

TOTAL NO. 2 3 1 OF TENANTS TOTAL SQ. FT. 4,340 7,153 6,813 EXPIRING

TOTAL % 23.7% 39.0% 37.2%

CUMULATIVE % 23.7% 62.7% 99.9% EXPIRING

SPORTS VILLAGE PLAZA

Frisco Main Street Village Frisco Fresh Market Toyota Soccer Stadium & Fields

AERIAL MAP PROPERTY OVERVIEW Frisco St. Frisco SUBJECT PROPERTY Carroll Elementary The Emerson at Frisco Market Center Frisco Fresh Market Toyota Soccer Stadium & Fields

Main St. Frisco Main Street Village

Frisco

Legacy Dr. Square

Page St.

SPORTS VILLAGE PLAZA 6065 SPORTS VILLAGE ROAD, FRISCO, TX 75033

POPULATION 1-MILE 3-MILES 5-MILES HOUSEHOLDS 1-MILE 3-MILES 5-MILES 2000 POPULATION 1,980 16,788 42,045 2000 HOUSEHOLDS 666 5,976 14,597 2010 POPULATION 2,187 58,242 137,378 2010 HOUSEHOLDS 770 19,470 46,357 2014 POPULATION 2,709 65,094 157,020 2014 HOUSEHOLDS 973 21,773 52,969 2019 POPULATION 3,451 81,495 194,575 2019 HOUSEHOLDS 1,246 27,117 65,667

INCOME 2014 AVERAGE HH SIZE 3.06 3.01 2.96 $0 - $14,999 6.1% 4.1% 4.2% 2014 DAYTIME POPULATION 3,190 15,355 44,714 $15,000 - $24,999 4.3% 4.0% 3.8% 2000 OWNER OCCUPIED 53.23% 63.26% 73.90% $25,000 - $34,999 4.9% 5.1% 4.9% 2000 RENTER OCCUPIED 28.51% 21.92% 15.39% $35,000 - $49,999 7.0% 8.4% 8.4% 2000 VACANT 18.26% 14.82% 10.71% $50,000 - $74,999 15.2% 16.0% 16.5% 2014 OWNER OCCUPIED 67.10% 74.65% 78.03% $75,000 - $99,999 15.6% 16.4% 17.1% 2014 RENTER OCCUPIED 32.90% 25.35% 21.97% $100,000 - $124,999 13.3% 15.4% 15.8% 2014 VACANT 4.33% 2.64% 2.15% $125,000 - $149,999 9.9% 9.5% 9.8% 2019 OWNER OCCUPIED 67.42% 76.09% 78.42% $150,000 - $199,999 11.4% 10.8% 10.4% 2019 RENTER OCCUPIED 32.58% 23.91% 21.58% $200,000 - $249,999 4.6% 3.7% 3.1% 2019 VACANT 3.71% 2.23% 1.80% $250,000 + 7.9% 6.7% 6.0% 2014 MEDIAN HH INCOME $94,886 $93,989 $92,780 2014 PER CAPITA INCOME $46,404 $41,093 $40,299 2014 AVERAGE HH INCOME $129,203 $122,749 $119,409

SPORTS VILLAGE PLAZA 6065 SPORTS VILLAGE ROAD, FRISCO, TX 75033

POPULATION RACE & ETHNICITY In 2014, the population in your selected geography is 157,019. The population The current year racial makeup of your selected area is as follows: 71.80% has changed by 273.45% since 2000. It is estimated that the population in White, 10.49% Black, 0.05% Native American and 9.03% Asian/Pacific your area will be 194,574 five years from now, which represents a change Islander. Compare these to Entire US averages which are: 71.60% White, of 23.91% from the current year. The current population is 48.96% male 12.70% Black, 0.18% Native American and 5.02% Asian/Pacific Islander. and 51.03% female. The median age of the population in your area is 34.1, compare this to the Entire US average which is 37.3. The population density People of Hispanic origin are counted independently of race. People of in your area is 1,999.32 people per square mile. Hispanic origin make up 15.39% of the current year population in your selected area. Compare this to the Entire US average of 17.13%. HOUSEHOLDS There are currently 52,969 households in your selected geography. The HOUSING number of households has changed by 262.88% since 2000. It is estimated In 2000, there were 12,080 owner occupied housing units in your area and that the number of households in your area will be 65,666 five years from now, there were 2,516 renter occupied housing units in your area. The median which represents a change of 23.97% from the current year. The average rent at the time was $713. household size in your area is 2.96 persons. EMPLOYMENT INCOME In 2014, there are 44,713 employees in your selected area, this is also In 2014, the median household income for your selected geography is known as the daytime population. The 2000 Census revealed that 78.55% of $92,780, compare this to the Entire US average which is currently $51,972. employees are employed in white-collar occupations in this geography, and The median household income for your area has changed by 22.86% since 20.93% are employed in blue-collar occupations. In 2014, unemployment 2000. It is estimated that the median household income in your area will be in this area is 4.41%. In 2000, the average time traveled to work was 33.4 $108,733 five years from now, which represents a change of 17.19% from the minutes. current year.

The current year per capita income in your area is $40,299, compare this to the Entire US average, which is $28,599. The current year average household income in your area is $119,409, compare this to the Entire US average which is $74,533.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap 23 INFORMATION ABOUT BROKERAGE SERVICES acs&Millichap & Marcus Sales Agent/Associate’s Name Sales Agent/Associate’s Name Business Assumed Primary Name Firm /Broker Broker Licensed owner, usually in a written listing to sell or property management agreement. An owner's agent must perform the broker’s mini broker’s the perform must agent owner's An agreement. management property or sell to listing written a in usually owner, (SELLER/LANDLORD): OWNER FOR AGENT AS TRANSACTION: ESTATE A REAL IN APARTY REPRESENT CAN HOLDER A LICENSE underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary: intermediary: an as acts who broker A intermediary. asan broker's obligations the setforth print, underlined agreement of agreement AS FOR BOTH AGENT agent. seller’s A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): represents): broker that the party or person is the client (A LAW BY REQUIRED DUTIES A MINIMUM BROKER’S you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records. your for a copy retain and below of notice this receipt acknowledge Please services. broker’s use the to you LICENSE HOLDER CONTACT INFORMATION: CONTACT LICENSE HOLDER material information about the property or transaction known by the agent, including information disclosed to the agent by th agent the to disclosed information including agent, the by known transaction or property the about information material TYPES OF REAL ESTATE LICENSE HOLDERS: HOLDERS: LICENSE ESTATE TYPESREAL OF TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: ESTABLISH: CLEARLY AND WRITING IN BE SHOULD ABROKER AND YOU BETWEEN AGREEMENTS ALL DISPUTES, TO AVOID first. owner the of interests the place must and buyer the represent does not but buyer the assist can A subagent buyer. AS SUBAGENT: written representation agreement. A buyer's agent must perform the broker’s minimum duties above and must inform the buyer of buyer the inform must and above duties minimum broker’s the perform must agent buyer's A agreement. representation written BUYER/TENANT: FOR AS AGENT incl agent, agent. bybuyer’s or the buyer the by or subagent agent the to disclosed information known transaction or property the about information material any of owner the inform must and above duties Associate Associate Licensed Regulated by the Texas by the Regulated Real Estate Texas Commission Firm of Broker Designated            Must not, unless specifically authorized in writing to do so by the party, disclose: party, the by so do to writing in authorized specifically unless not, Must May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and (owner party each to broker the with associated holder transaction. the to party of each instructions the out carry license and to, advice and opinions provide with, a different communicate to buyer) appoint consent, written parties' the with May, fairly; and impartially transaction the to parties all treat Must Treat all parties to a real estate transaction honestly and fairly. and honestly transaction estate real a to parties all Treat Answer the client’s questions and present any offer to or counter or to offer any present and questions client’s the Answer broker; the by received transaction or property the about information material any of client the Inform Put the interests of the client above all others, including the broker’s own interests; own broker’s the including others, all above client the of interests the Put AGENT A SALES Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated. will be payment the how and made will be payment when you, to provided services for broker the pay will Who A BROKER A BROKER The broker’s duties and responsibilities to you, and your obligations under the representation agreement. representation the under obligations your and you, to responsibilities and duties broker’s The ᴑ ᴑ ᴑ

.Kyle H.

Supervisor of Sales Agent/ Sales of Supervisor any confidential information or any other information that a party specifically instructs the broker in writing notto writing in broker the instructs specifically party a that information law. by so do to required unless disclose, other any or information confidential any and offer; a written submittedwillin payprice price the a greater buyer/tenant the than that price; asking written the than price less a will owner accept the that

i Speck Tim hlpLevy Philip

elEtt Investment Estate Real A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to agreementrepresent theto an without transaction a in buyer a aiding subagent when a asactslicense holder A is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. the by sponsored agents sales by performed acts including activities, brokerage all for responsible is Palmer must be INTERMEDIARY -

to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or bold conspicuous in and, broker the pay will who state must agreement written The transaction. the to Buyer/Tenant/Seller/Landlord Initials

sponsored sponsored The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a Services

or or Information About Brokerage About Information Services : To act as an intermediary between the parties the broker must first obtain the written the obtain first must broker the parties the between intermediary an as act To : by a broker and works with clients on behalf of the broker. the of behalf on clients with works and broker a by

0673787 0432723 0522087 This notice is being provided for information purposes. It does not create an obligation for obligation an create not does It purposes. information for provided being is notice This 9002994 License No. No. License License No. No. License License No. No. License License No. License The broker becomes the property owner's agent through an agreement with the the with agreement an through agent owner's property the becomes broker The

[email protected] [email protected] [email protected] [email protected]

. - offer from the client; and client; offer the from

Email Email Email Email

Information available at www.trec.texas.gov at available Information Date

817-932-6100 972-755-5200 972-755-5200 817-932-6123

Phone Phone Phone Phone

IABS 1 IABS 11-2-

e s

2015 eller or udi mum

an ng ng -0 y

PHILIP LEVY CHRIS GAINEY Senior Managing Director Senior Associate Dallas Office Fort Worth Office 972-755-5225 Office 817-932-6122 Office 817-380-1153 Fax 817-380-1153 Fax [email protected] [email protected] LICENSE: TX 0522087 LICENSE: TX 0612970