DOWNTOWN 150,195 employees • 12 Fortune 500 companies • • Houston Theater District 69 George R. Brown Convention Center • Park

MEMORIAL DR 45 MIDTOWN

Gregory - Lincoln Education Center HARRY’S RESTAURANT BAGBY ST Carnegie Vanguard High School W GRAY ST F BAR WHITE SALON TUAM ST BISTECCA RISTORANTE WEST GRAY CLEANERS WESTHEIMER RD BARNABY’S CAFE L’OLIVIER SHIP & SHIELD TAFT ST CUCHARA MAX’S WINE DIVE REEVES ANTIQUES NUMBERS NIGHTCLUB MIDTOWN BAR & GRILL PINOT’S PALLETTE BOHEME CECIL’S PUB EL TIEMPO PEPPER TWINS PINK’S PIZZA BABY BARNABY’S CAFE PIZZERIA GEORGE YOUR COUNTRY SPORTS BAR MONTROSE INDIKA TEX CHICK LES BA’GET VIETNAMESE CROCKER

EL PARAISO VINOTECA POSCOL INVERSION COFFEE & ART ANDERSON FAIR RETAIL BAYOU CITY BAR & GRILL JR’S BAR & GRILL LOLA’S DEPOT BABA YEGA CAFE KATZ’S DELI ART SUPPLY GRANT ST THEO’S MONTROSE NAILS LIVELY HAIRDRESSING ROSEMONT LA MEXICANA ±1 Acre UCHI

BROOKSTREET BBQ ALADDIN MONTROSE BLVD MONTROSE GALLERY BB’S CAFE NIKO NIKO’S JACKSON BLVD FAIRVIEW ST HYDE PARK BLVD

±1 Acre on Montrose Blvd NEC Montrose Blvd & Hyde Park Blvd in Houston, TX | Price TBD by Market ±1 ACRE ON MONTROSE BLVD IN HOUSTON, TX

EXCLUSIVE REPRESENTATION CONTENTS ARA Newmark has been exclusively retained to represent the Seller in the CONTACTS Property Information disposition of ±1 acre on Montrose Blvd in Houston, TX (Property). All inquiries Tim Dosch Principal Property Details 3 about the Property should be directed to ARA Newmark. [email protected] Demographics 3 713.955.3127 DUE DILIGENCE INFORMATION O Traffic Counts 3 M 713.459.8123 To access the due diligence information please visit the Property website at: Tax Rates 3 arausa.listinglab.com/MontroseHydePark David Marshall Survey and Setbacks 4 OFFER REQUIREMENTS Principal [email protected] Montrose: Heart of Houston Offers should be presented in the form of a non-binding Letter of Intent, and O 713.955.3126 Map: Walkable Amenities 5 should include: M 713.206.1574 Aerial: Immediate Neighborhood 6 · Pricing Tom Dosch Restaurants, Nightlife, & Shopping 7 ·Due Diligence and Closing Timeframe Principal RUDYARD’S BRITISH PUB Cultural Highlights 8 ·Earnest Money Deposit [email protected] COMMONWEALTH ST ·DescriptionINDIANA ST of Debt/EquityNEXT DOOR GALLERY Structure O 713.955.3125 Local Highlights · Qualifications to Close WILLARD ST M 713.557.4455 ·Development Plans Retail & Entertainment 9 WAUGH DR Matthew Rotan Aerial: Downtown & Midtown 10 Purchase terms shall require cash to be paid at closing. Offers should be delivered to the attention of Tim Dosch, David Marshall, Tom Dosch, or Matt WELCH ST Vice Chairman Rotan via fax or email. W DREW ST [email protected] Area Highlights O 713.425.5406 JACKSON BLVD Map: Regional Highlights 11 M 713.882.5141 Employment 12 VAN BUREN ST FAIRVIEW ST Aerial: , Greenway ARA, A Newmark Company Plaza, and Galleria/Uptown District 1700 Post Oak Blvd 13 YOAKUM BLVD HYDE PARK BLVD MONTROSE BLVD 2 BLVD Place, Suite 400 Retail & Entertainment 14 Houston, TX 77056 Houston Market Overview 15

RIVA’S ITALIAN GRANT ST Appendix ±1 Acre www.aranewmark.com Brokerage Information 17

CONVERSE ST MISSOURI ST

±1 Acre on Montrose Blvd in Houston, TX | 2 PACIFIC ST CROCKER ST PROPERTY INFORMATION Tax Rates, Traffic Counts, and Demographics

TRACT DETAIL TRAFFIC COUNTS IN CARS PER DAY 25,730 WELCH ST LOCATION NEC Montrose Blvd & Hyde Park Blvd , Houston, TX 77006

LAT., LONG. 29.747722, -95.391684 W DREW ST CONVERSE ST CONVERSE

TOTAL ACRES ±0.998 BLVD MONTROSE

31,644 PARCEL NUMBER 0180300030001 JACKSON BLVD 5,906

LEGAL RES A BLK 1 HYDE PARK 3RD PAR R/P 5,770 FAIRVIEW ST 201 ft on Montrose Blvd 7,632 194 ft on Fairview St WAUGH DR FRONTAGE (APPROX.) SITE 187 ft on Grant St COMMONWEALTH DR HYDE PARK BLVD 220 ft on Hyde Park Blvd GRANT ST 13,678 UTILITIES City of Houston

SCHOOL DISTRICT Houston Independent School District 5,994 2,916 FLOODPLAIN Not in the floodplain CROCKER ST STANFORD ST STANFORD 6,370

MISSOURI ST 20,000 17,550 21,826 6,182 TAX RATES WESTHEIMER RD 1,905 2016 2015 CALIFORNIA ST 7,290 HOUSTON ISD 1.206700 1.196700

HARRIS COUNTY 0.416560 0.419230

HARRIS CO FLOOD CNTRL 0.028290 0.027330

PORT OF HOUSTON AUTHY 0.013340 0.013420 2016 DEMOGRAPHICS 0-1 mi 0-3 mi 0-5 mi HARRIS CO HOSP DIST 0.171790 0.170000 Est. Population 18,326 129,664 376,468 HARRIS CO EDUC DEPT 0.005200 0.005422 2016-2021 Est. Population Growth 7.10% 9.92% 9.50% HOU COMMUNITY COLLEGE 0.100263 0.101942 Est. Average Household Income 55,792 75,977 85,911 CITY OF HOUSTON 0.586420 0.601120 Est. Median All Owner-Occupied Housing 182,913 220,309 226,041 Total 2.528563 2.535164 Values

±1 Acre on Montrose Blvd in Houston, TX | 3 PROPERTY INFORMATION Survey and Building Setbacks

BUILDING SETBACKS FAIRVIEW AVENUE Montrose Blvd: 10 feet Fairview Ave: 10 feet

Grant St: 0 foot

Hyde Park Blvd: 0 foot

±1 Acre on Montrose Blvd in Houston, TX | 4 MONTROSE Map: Houston’s most pedestrian-friendly neighborhood

1 GRANT ST 9 47 46 5 33 42 8 10 11 12 FAIRVIEW ST VAN ST BUREN YOAKUM BLVD 13 35 34 13 3 SITE 14 10 MARYLAND ST MASON ST MORGAN ST HYDE PARK BLVD 17 16 WAUGH DR TAFT ST

MONTROSE BLVD

17 18 STRATFORD ST STANFORD ST WHITNEY ST WHITNEY 20 CROCKER ST 18 19

COMMONWEALTH DR MISSOURI ST 1 19 HAVER ST

AVONDALE ST 6 22 24 CHERRYHURST ST YUPON ST 1 21 2 23 15 2 25 CALIFORNIA ST 48 16 32 50 12 26 27 7 4 31 45 WESTHEIMER RD C 44 4 28 6 5 15 8 49 MISSOURI ST 29 4 14 9 30 41 P 3 2 3 2 3 37 7 CALIFORNIA ST 1 COURTLAND PL 43 LOVETT BLVD 38 36 ROSELAND ST ROSELAND GRAUSTARK ST 6 ST MT VERNON

39 40 11 5 HAWTHORNE ST 0.25 MILE 4

RESTAURANTS & NIGHTLIFE HOUSTON PRESS TOP 100 RETAIL COFFEE & TEA HOUSES 1 Underbelly 14 Bayou City Bar & Grill 27 Vinoteca Poscol 40 Pistolero's 1 Silverlust Jewelry 14 Marbella Spa and Salon 1 Campesino Coffee House 2 Uchi 15 Snooze 28 369 Oriental Bistro 41 Biskit Junkie 2 Light Bulbs Unlimited 15 Hue Salon 2 Blacksmith 3 Mala Sichuan Bistro 16 JR's Bar & Grill 29 Osaka Japanese 42 La Mexicana 3 Copy.com 16 Houston Bicycle 3 Kung Fu Tea 4 Dolce Vita Pizzeria Enoteca 17 Niko Niko's 30 AvantGarden 43 La Fendee 4 Half Price Books 17 Reeves Antiques 4 Starbucks 5 Cuchara Restaurant 18 Riva's Italian 31 El Tiempo Cantina 44 Nidda Thai Cuisine 5 Mattress Firm 18 Roman Hair Studio 5 Mercantile 6 Da Marco Cucina E Vino 19 Brookstreet BBQ 32 Numbers Night Club 45 El Real Tex Mex 6 Spec’s Wine & Spirits 19 Boss Lady Couture 6 Southside Espresso 7 Indika 20 Baba Yega Cafe 33 MAX's Wine Dive 46 Baby Barnaby's 7 Crossroads Trading FITNESS 8 Lola's Depot 21 The Hay Merchant 34 Boheme 47 Barnaby's 8 Cottage Thrift Shop 1 Yoga Central 9 Crocker 22 BB's Cafe 35 Pepper Twins 48 Love Buzz Tejas Custom Boots 9 2 Define Yoga 10 El Paraiso Mexican 23 Aladdin Mediterranean 36 Doc's Motorworks 49 Michelangelo's Pinot’s Pallette 10 3 Pralaya Yoga 11 Tex Chick 24 Rosemont 37 Catbirds 50 L’Olivier Biscuit Home 11 4 The Bar Method 12 Bistecca Ristorante 25 Theos Restaurant 38 Anvil Bar & Refuge 12 Corazon Fair Trade Arts-Crafts 13 George Your Country Sports Bar 26 Katz's Deli 39 Boondocks 13 Ciao Salon MONTROSE Aerial: Houston’s most pedestrian-friendly neighborhood

RUDYARD’S BRITISH PUB NEXT DOOR GALLERY NEXT DOOR BAR COMMONWEALTH ST INDIANA ST WILLARD ST

WAUGH DR BREATHE BIG YOGA CORAON FAIR TRADE

WELCH ST CIAO SALON W DREW ST

JACKSON BLVD YOGA CENTRAL

VAN BUREN ST FAIRVIEW ST LIVELY HAIRDRESSING CAMPESINO COFFEE HOUSE YOAKUM BLVD HYDE PARK BLVD MONTROSE GALLERY MONTROSE BLVD

LA MEXICANA

RIVA’S ITALIAN GRANT ST NIKO NIKO’S ±1 Acre LOLA’S DEPOT

BAYOU CITY BAR & GRILL

BROOKSTREET BBQ CONVERSE ST CROCKER MISSOURI ST

PACIFIC ST RETAIL

RESTAURANTS & NIGHTLIFE BABA YEGA CAFE R’S BAR & GRILL CROCKER ST CULTURE & FITNESS

±1 Acre on Montrose Blvd in Houston, TX | 6 MONTROSE Houston’s best restaurants, bars, and coffee shops

NIGHTLIFE Montrose is home to 18 of the Houston Press Top 100 Montrose’s nightlife has something for everyone: trendy wine bistros, fashionable clubs, casual dives, artsy Restaurants in 2016: pubs, and artisanal cocktail bars Hugo’s (#2) Cuchara ANVIL The Pass & Provisions (#3) Dolce Vita Pizzeria Enoteca Anvil Bar & Refuge Doc’s Motorworks MAX’s Wine Dive The Flat BCN Taste & Tradition (#4) Good Dog Houston AvantGarden Eagle Bar Michael’s Outpost The Harp Bayou City F Bar Numbers The Hay Merchant Pax Americana (#6) Gusto Gourmet Blur Bar Firkin & Phoenix Pistolero’s The Next Door Underbelly (#12) Indika Boheme Griff’s Houston Poison Girl The Patio Da Marco (#17) Mala Sichuan Bistro Boondocks Guava Lamp Rosemont The Red Lion Pub Uchi (#22) Paulie’s Catbirds Kenneally’s Rudyard’s TK Bitterman’s Common Bond Cafe & Pizaro’s Pizza Napoletana Cecil’s Pub JR’s Bar & Grill The Black West Alabama Ice Labrador Pub House Bakery Roost Cezanne La Grange Crocker Lola’s Depot The Davenport Zimm’s Lounge

SHOPPING COFFEE CULTURE Montrose’s retail offerings are unique in Houston: Montrose caters to Houston’s caffeine addiction better secondhand couture, fair trade home furnishings, than any other neighborhood: unique cafes with their priceless antiques and curated thrift stores put this own signature style serve as perfect places to work, neighborhood on the cutting edge of fashion socialize, relax, and even enjoy original artwork by American Apparel Mio Boutique local artists Antique & Design Guys Montrose Shop Agora Inversion Coffee & Art Biscuit Home Old Blue House Antique Bacchus Kung Fu Tea BJ Oldies Antique Shop Shop Black Hole Coffee House Minuti Coffee UNDERBELLY CUCHARA Blackbird Trading Co Pavement Houston Blacksmith Mercantile Clothing Blue Bird Circle Bungalow Coffee Siphon Coffee Pride & Joy Antiques Buffalo Exchange Cafe Brasil Southside Espresso Silverlust Jewelry Cottage Thrift Shop Campesino Coffee House The Teahouse Sloan/Hall Couture Blowout Soundwaves Crossroads Trading Company Space Montrose Fashion Recycler STAG Provisions for Men Heiress Boutique Taxi Taxi Clothing Jbird Houston Tejas Custom Boots Leopard Lounge Wardrobe The Boutique Lo-Fi Vintage Westheimer Flea Market HUGO’S PAX AMERICANA Merchant and Market AGORA

±1 Acre on Montrose Blvd in Houston, TX | 7 MONTROSE Nationally recognized cultural attractions and historic buildings

Montrose was honored by the American Planning Association as one of the country’s 10 great neighborhoods due to its walkable street grid, carefully preserved historic districts and eclectic mix of homes and businesses

Named by Forbes as one of the top ten transformed neighborhoods in America. Montrose has reaped the rewards of a $2.6 billion revitalization THE project installed in the late 1990s, with home values well above Houston’s other neighborhoods MONTROSE HISTORIC DISTRICTS MONTROSE MUSEUMS & THEATERS Montrose is home to six of the nine- Menil Collection The Printing Museum teen designated Historic Districts in · 30-acre neighborhood of art with · Exhibits the documents and tools the city of Houston: Avondale East, free admission that illustrate the relationship Avondale West, Courtland Place, between a free press and a knowl- · Houses special exhibitions and the Audubon Place, Westmoreland, and edgeable society permanent collection First Montrose Commons. · Known for displays that allow the Stages Repertory Theatre objects and works of art to speak · Nationally recognized productions for themselves ROTHKO CHAPEL including coverage in The New · Permanent collections include York Times, The Wall Street Journal, Ecumenical chapel featuring the Surrealist and other modern Variety, Vogue and American work of Mark Rothko, one of the most European painting and sculpture; Theatre Magazine influential American artists of the Byzantine and medieval art and ·Varied repertoire of world and mid-century artifacts; African, Pacific Islands, regional premieres and Pacific Northwest Native art; On Travel + Leisure’s list of 101 Places art of the ancient Americas and the Classical Theatre Company Every Traveler Should Know (2012) ancient Mediterranean and Near · Dedicated to boldly re-envisioning Named one of the 10 most mind-blow- East; and American art after World classical drama on the stage, in the ing, energizing, unorthodox and flat- War II community, and in the classroom out cool places to experience art in Aurora Picture Show · The only professional theatre com- America by GQ (2010) pany in the Houston area that pro- · Shows short artist-made films and duces year round classical drama Listed by Yahoo! Travel as one of the videos and hosts visiting film/vid- top 10 U.S. places to see before you eomakers and curators BooTown die (2008) Musiqa · Non-profit theater group dedicated to taking the ordinary and making On National Geographic’s list of the · Non-profit organization dedicated it distinctive in non-traditional world’s “most sacred places” to the performance of contemporary settings classical music

±1 Acre on Montrose Blvd in Houston, TX | 8 LOCAL HIGHLIGHTS Retail & Entertainment

Montrose Blvd & Lovett Blvd (0.25 mile) MIDTOWN (0.5 MILE) HOUSTON THEATER DISTRICT ·· Currently encompasses 617 acres of land within its Half Price Books boundaries Copy.com Light Bulbs Unlimited ·· Thriving mixed-use community is among Houston’s most culturally diverse areas ·· Five colleges and universities nearby with com- W. Gray St & Waugh Dr (0.5 mile) bined enrollments of over 50,000 ·· More than 25 nightlife spots and over 45 Carol’s Alterations & Cleaners restaurants Q Nails & Spa FIT Athletic Club (1 MILE) European Wax Center Toyota Center Houston Theater District W. Alabama St & Dunlavy St (1 mile) ·· Home of the NBA’s ·· The Toyota Center has a total of 750,000 square feet, ·· The Houston Theater District, an impressive with 18,300 seats available for basketball, 17,800 17-block cultural and entertainment center, is the for hockey, and 19,000 for concerts, including 2,900 second largest performing arts district in the U.S. W. Alabama St & Shepherd Dr (1.25 miles) club seats and 103 luxury, courtside seats next to Broadway in New York City ·· Nine performing arts organizations with more than Whole Earth Provision Co. Minute Maid Park 12,900 seats for live performances Mattress One ·· Home of the and Houston Aeros Banfield Pet Hospital ·· More than two million visitors annually professional sports teams ·· Venues include: , Alley Theater, Westheimer Rd & Shepherd Dr (1.25 miles) ·· Built in the year 2000, Minute Maid Park has a 242- , Hobby Center, Sundance foot high retractable roof, a gross square footage Eco Cleaners Exxon Cinemas, & Jones Plaza, , of 28.97 acres, a total square footage of 1,263,240, Mattress One Citgo , Sport Clips Houston Wine and a total of 40,963 seats Nail’ery Merchant WASHINGTON CORRIDOR (1.5 MILES) Discovery Green Park Malibu Tan ·· One of Houston’s most popular nightlife spots ·· Since opening in 2008, the park has helped drive ·· Neighborhood retail includes a 215,000-square- convention activity and has served as a catalyst for foot Wal-Mart-anchored retail center and a Target- $625 million in downtown development anchored retail center ·· Two-acre picnic lawn with one-acre lake, jogging ·· Trendy eateries and nightlife destinations include trail, performance stage, two dog parks, and multi- Benjy’s, Darkhorse Tavern, El Rey Taqueria, Max’s ple gardens Wine Dive, Nox, Kung Fu Saloon, Laurenzo’s, GreenStreet Diem Lounge, Sanctuary Lounge, The Counter, El ·· Encompasses 316,000 square feet of open-air retail Tiempo Cantina, Rebels Honky Tonk, Porch Swing space; Dining and entertainment options include Pub, Catalina Coffee, 360 Sports Lounge, Luke’s III Forks, McCormick & Schmick’s, House of Blues, Ice House, Underdogs Pub, The Blue Fish, Coppa DISCOVERY GREEN PARK & THE GEORGE R. BROWN CONVENTION CENTER Pete’s Piano Bar Ristorante Italiano, and Molina’s Cantina

±1 Acre on Montrose Blvd in Houston, TX | 9 LOCAL HIGHLIGHTS Aerial: Downtown Houston & Midtown

RETAIL CULTURE & FITNESS RESTAURANTS & NIGHTLIFE HOUSTON PRESS TOP 100

DOWNTOWN HOUSTON 150,195 employees • 12 Fortune 500 companies Minute Maid Park • Toyota Center • Houston Theater District 69 George R. Brown Convention Center • Discovery Green Park

MEMORIAL DR 45 MIDTOWN

Gregory - Lincoln Education Center HARRY’S RESTAURANT BAGBY ST Carnegie Vanguard High School W GRAY ST F BAR WHITE SALON TUAM ST BISTECCA RISTORANTE WEST GRAY CLEANERS WESTHEIMER RD BARNABY’S CAFE L’OLIVIER SHIP & SHIELD TAFT ST CUCHARA MAX’S WINE DIVE REEVES ANTIQUES NUMBERS NIGHTCLUB MIDTOWN BAR & GRILL PINOT’S PALLETTE BOHEME CECIL’S PUB EL TIEMPO PEPPER TWINS PINK’S PIZZA BABY BARNABY’S CAFE DOLCE VITA PIZZERIA GEORGE YOUR COUNTRY SPORTS BAR MONTROSE INDIKA TEX CHICK LES BA’GET VIETNAMESE CROCKER

EL PARAISO VINOTECA POSCOL INVERSION COFFEE & ART ANDERSON FAIR RETAIL BAYOU CITY BAR & GRILL JR’S BAR & GRILL LOLA’S DEPOT BABA YEGA CAFE KATZ’S DELI TEXAS ART SUPPLY GRANT ST THEO’S MONTROSE NAILS LIVELY HAIRDRESSING ROSEMONT LA MEXICANA ±1 Acre UCHI

BROOKSTREET BBQ ALADDIN MONTROSE BLVD MONTROSE GALLERY BB’S CAFE NIKO NIKO’S JACKSON BLVD FAIRVIEW ST HYDE PARK BLVD

±1 Acre on Montrose Blvd in Houston, TX | 10 BUSH THE WOODLANDS INTERCONTINENTAL AIRPORT

TOMBALL

SPRING

HUMBLE

CYPRESS

WILLOWBROOK

GREENSPOINT

ERSEY VILLAGE

AREA HIGHLIGHTS Map: Regional employment, education, and retail

DOWNTOWN HOUSTON: 1 MILE

GARDEN OAKS 45

610

SPRING BRANCH EAST KATY W 19TH ST SHOPPING DISTRICT 69 THE HEIGHTS NEAR NORTHSIDE : 2.5 MILES

MEMORIAL CITY GREATER FIFTH WARD 10 10 HUNTERS CREEK WASHINGTON CORRIDOR VILLAGE P 610 DOWNTOWN THEATER DISTRICT RIVER OAKS SHOPPING CENTER 45 DOWNTOWN HOUSTON RIVER OAKS GALLERIA/UPTOWN DISTRICT RIVER OAKS DISTRICT MEMORIAL PARK: 2.5 MILES MONTROSE MIDTOWN EAST DOWNTOWN HIGHLAND VILLAGE UPPER KIRBY UNIVERSITY OF ST. THOMAS GALLERIA69 MALL GREENWAY PLAA GREATER THIRD WARD

WEST UNIVERSITY MUSEUM DISTRICT UNIVERSITY OF HOUSTON 45 GALLERIA/UPTOWN DISTRICT: 4 MILES TEXAS MEDICAL CENTER

BRAESWOOD PLACE EMPLOYMENT NRG PARK EDUCATION

610 RETAIL & ENTERTAINMENT

±1 Acre on Montrose Blvd in Houston, TX | 11

HOBBY AIRPORT AREA HIGHLIGHTS Employment

TEXAS MEDICAL CENTER (2.5 MILES) CENTRAL BUSINESS DISTRICT (1 MILE) TEXAS MEDICAL CENTER World’s Largest Medical Complex · 150,195 employees · Situated on 1,345 acres, the Texas Medical Center · Hosts 12 of Houston’s 26 Fortune 500 (TMC) is the eighth-largest business district in the companies country, right after Philadelphia and Seattle ·Major employers (number of employees) · Institutions within TMC: 21 renowned hospitals, 13 include Chevron (7,000), Shell Oil Company support organizations, 8 academic and research (6,500), Chase Bank (4,695), KBR (3,175), institutions, 6 nursing programs, 3 public health ExxonMobil Corporation (3,000), Kinder Morgan organizations, 3 medical schools, 2 universities, 2 (2,200), CenterPoint Energy (2,040), Hess pharmacy schools, 1 dental school Corporation (1,870), United Airlines (1,840), and Wells Fargo (1,695) · 7.2 million visits per year - More than the popula- tions of Los Angeles, Houston, and San Francisco · Home to Minute Maid Park (Houston Astros) combined and Toyota Center (Houston Rockets) · 106,000 employees - More people than Exxon, ·Contains 1.2 million square foot George R. Apple, or Google Brown Convention Center (3 MILES) · 7,000 patient beds · Two new office towers coming soon to down- · Ten-building complex totaling over 4.25 million town being developed by Hines (41 stories) and · 25,000 babies delivered annually - TMC delivers square feet of Class A office space and boasts over Chevron (50 stories, 1.7 million square feet, and about 1 baby every 20 minutes 25,000 employees 1,752 additional employees) · 171,000 annual surgeries - TMC begins 1 surgery ·Major employers include Oxy USA, Transocean, every 3 minutes Koch Industries, and Investco · 18 miles of public and private streets · Master-planned mixed-use 52-acre site with pre- · Most heart surgeries in the world - the TMC per- mier frontage along US 59 formed the first successful heart transplant in the ·Recently sold to Cousins for $1.3 billion U.S. UPTOWN DISTRICT (4 MILES) GREENWAY PLAZA · One of the largest US business districts outside of a historic core; 14th largest business district in the nation with 26 million square feet of commercial office space · Hosts over 82,000 employees and 2,000 compa- nies, including Fortune 500 companies Cameron International, Apache, Spectra Energy, Marathon Oil ·Contains the second most square footage of Class A office space (17 million) behind Downtown Houston

±1 Acre on Montrose Blvd in Houston, TX | 12 AREA HIGHLIGHTS Aerial: Upper Kirby, Greenway Plaza, and Galleria/Uptown District

RETAIL CULTURE & FITNESS RESTAURANTS & NIGHTLIFE 610 HOUSTON PRESS TOP 100 RIVER OAKS Home Values emeri ar Up to $15M Chrrac ile Pappa ea rch ac hai Pepper earan lache acr ai ar an ir KIRBY DR rlan enni le e W ALABAMA ST RED LION PUB he eahe rinii B OLDIES ANTIQUES ANTIQUE & DESIGN GUYS OLD BLUE HOUSE COUTURE BLOWOUT KENNEALLY’S S SHEPHERD DR MONTROSE SHOP PAVEMENT CLOTHING PAULIE’S ROOST PRIDE & OY ANTIQUES WESTHEIMER RD LEOPARD LOUNGE HEIRESS BOUTIQUE AMERICAN APPAREL SPACE MONTROSE EMPIRE CAFE LO-FI VINTAGE FASHION RECYCLER AGORA COMMON BOND CAFE & BAKERY BLACKBIRD TRADING POISON GIRL MERCHANT & MARKET LA GRANGE FAIRVIEW ST MONTROSE HYDE PARK PISTOLERO’S HUGO’S Home Values BISCUIT HOME DA MARCO CUCINA E VINO Up to $3.5M BOONDOCKS ANVIL BAR & REFUGE SUGA ART GALLERY LA FENDEE DOC’S MOTORWORKS RUDYARD’S BRITISH PUB CATBIRDS SILVERLUST EWELRY NEXT DOOR GALLERY NEXT DOOR BAR CORAON FAIR TRADE NIDDA THAI WAUGH DR MALA SICHUAN BISTRO CAMPESINO COFFEE HOUSE CIAO SALON EL REAL TEX MEX UNDERBELLY THE HAY MERCHANT JACKSON BLVD BREATHE BIG YOGA

BLACKSMITH RIVA’S ITALIAN BROOKSTREET BBQ YOGA CENTRAL NIKO NIKO’S

MONTROSE BLVD MONTROSE GALLERY

HYDE PARK BLVD MISSOURI ST ±1 Acre

GRANT ST BABA YEGA CAFE

±1 Acre on Montrose Blvd in Houston, TX | 13 AREA HIGHLIGHTS Retail & Entertainment

MUSEUM DISTRICT (1.5 MILES) THE HEIGHTS (2 MILES) ·· One of the largest walkable cultural W 19th Shopping District districts in the United States ·· Center for shopping, dining, and ·· Holocaust Museum Houston, nightlife: in addition to a Kroger, Children’s Museum of Houston, and CVS, and four banks, it hosts more the Museum of Fine Arts, Houston than 13 eateries and bars, two fitness ·· 19 museums with a $371.7 million centers, three theater venues, and economic impact many unique independent shops ·· 7 million annual visits and 2,300 employees MEMORIAL PARK (2.5 MILES) ·· One of the largest urban parks in the Hermann Park United States at 1,466 acres

·· 445 acres of parkland, entertainment ·· Includes Memorial Park Golf Course PAX AMERICANA options, and venues for visitors and facilities for tennis, softball, RICHMOND AVE BCN TASTE & TRADITION ·· McGovern Centennial Gardens, swimming, track, croquet, volleyball, BLACK LABRADOR Hermann Park Golf course, the Miller skating, and cycling

Outdoor Theatre, a jogging track, ·· Features the Seymour Lieberman W ALABAMA ST the , the Museum of Exercise Trail, a 2.93 mile crushed aor GOOD DOG Natural Science with the Cockrell granite pathway that sees almost 3 MONTROSE BLVD otros SOUNDWAVES YOAKUM BLVD Butterfly Exhibit, the Buddy Carruth million visits annually GRIFF’S Playground For All Children, the ·· Home to the Houston Arboretum Japanese Garden, and McGovern & Nature Center, a 155-acre urban Lake with its paddle boats SNOOE MALA SICHUAN BISTRO nature sanctuary with 5 miles of trails HALF PRICE BOOKS CROSSROADS TRADING KUNG FU TEA SPEC’S WINE & SPIRITS DEFINE YOGA MATTRESS FIRM EL REAL UPPER KIRBY (2 MILES) GREENWAY PLAZA (3 MILES) WESTHEIMER RD ·· High end retail, posh boutiques, and ·· Edwards Stadium 24 Movie Theater UCHI’S THE HAY MERCHANT ROSEMONT UNDERBELLY many of Houston’s finest restaurants, ALADDIN ·· Dining includes Colina’s, Oishii’s, BB’S CAFE including Pondicheri, Fleming’s, HUE SALON Bullritos, Buffalo Wild Wings, and RIVA’S ITALIAN Grace’s, Giacomo’s Cibe e Vino, BABA YEGA CAFE Tony’s NIKO NIKO’S Chuy’s, Carrabba’s, Turquoise Grill, GRANT ST BB’s Cafe, Goode Co. Seafood and R’S BAR & GRILL Goode Co. Taqueria, The Queen Vic HYDE PARK BLVD Pub & Kitchen, and Kata Robata BAYOU CITY BAR & GRILL ±1 Acre MONTROSE GALLERY ·· Whole Foods Market, Bed Bath & FAIRVIEW ST RETAIL Beyond, Ulta LOLA’S DEPOT ·· Upper Kirby features two theater ven- CULTURE & FITNESS ues: AD Players and The Music Box RESTAURANTS & NIGHTLIFE HOUSTON PRESS TOP 100

±1 Acre on Montrose Blvd in Houston, TX | 14 AREA HIGHLIGHTS Houston Market Overview

CONTINUED GROWTH key drivers include the U.S. economy, the petrochemical Houston saw continued growth in 2015 in spite of the neg- industry, and the medical industry, all of which are strong INTERNATIONAL CITY ative perception driven by the decline in energy prices. and growing. Houston’s business cost is 2.0% below the U.S. This growth was largely attributed to strengths in other average, drawing foreign trade, investment, areas of Houston’s diverse economy. Houston created MARKET DRIVERS and business to the region. Houston hosts: 15,200 jobs in 2015. This employment increase distinctly A key difference between 2015 and previous energy down- ·· More than 90 Foreign Consulates separates 2015 in Houston from previous periods that saw turns is that the U.S. economy is still growing. In all four ·· 31 active Foreign Chamber of Commerce energy downturns, namely the 1980s, early-1990s, ear- previously mentioned downturns the U.S. saw a decline and Foreign Trade Associations ly-2000s, and the Great Recession. In all of these periods in employment. However, in 2015 total nonfarm employ- ·· 21 foreign banks, representing 9 nations Houston sustained substantial job losses. Not only did ment in the U.S. grew 1.9% year-over-year, translating ·· More than 752 foreign-owned firms Houston gain jobs in 2015, but it is projected to continue to 2,650,000 jobs. Projections for U.S. job growth in ·· More than 437 companies with branches in to do so in 2016. 2016 range from 1.70% to 2.25%, which is good news for Houston. Houston ranks No. 3 out of 106 U.S. metros for the number of private-sector jobs added between September 2006 When the U.S. does well, Houston does well. In the last 25 Vehicle sales remain strong with 341,426 vehicles sold in and September 2016. The Partnership is years, only once (2003) has Houston lost jobs while the the 12 months ending June 2016. Airport traffic continues projecting Houston will add 22,900 jobs across all sectors U.S. gained jobs. Dr. Bill Gilmer, Chief Economist at the to grow: the handled 27.0 mil- in 2016, demonstrating confidence from local experts. University of Houston, estimates that every 1% of U.S. job lion passengers through the first six months of 2016, up REIS and Witten Advisors project even higher numbers at growth creates 33,000 jobs in Houston. Another import- 1.3% from the 26.4 million handled over the same period 38,280 and 30,700 jobs respectively. ant factor to consider in regards to Houston’s continued in 2015. International passengers totaled 5.8 million, up growth is the diverse local economy. For better or worse, 12.8% from the 5.1 million handled YTD in 2015. To understand the growth in 2015, and the positive pro- Houston’s perception is tied to energy. However, there jections for 2016, all the drivers of Houston’s economy has been significant diversification over the last 30 years. The Port of Houston – which has a statewide economic must be considered. Energy is only one of several key impact of over $264.9 billion – led Texas to be the top drivers, and it is the only one currently contracting. Other DIVERSE INDUSTRY exporting state for the 13th consecutive year. The two Losses in upstream energy have been more than offset industries which have perhaps contributed the largest by the rapid growth of Houston’s other industries. Over impact on Houston’s growth are petrochemicals and HOUSTON’S WORKFORCE 65,000 jobs were gained in food services (15,200 jobs), medicine. ·· Over 6,000 manufacturers employ more than healthcare services (15,000 jobs), construction (12,600 250,000 skilled workers jobs), government (7,400 jobs), retail (4,300 jobs), edu- ·· More than 89,000 engineering and architec- cation (2,200 jobs), arts and entertainment (2,000 jobs), ture professionals in a variety of fields and finance and insurance (1,800 jobs). Remaining gains ·· Over 165,000 high-tech (energy, medicine, were in other services, transportation, warehousing, and and aerospace) professionals utilities. Houston’s east side boom added 7,100 jobs to the heavy and civilian construction sector.

±1 Acre on Montrose Blvd in Houston, TX | 15 Houston Overview Houston Overview

Houston saw continued growth in 2015 in spite of the negativeHouston saw perceptioncontinued growth driven in 2015 by inthespite declineof the negative in energyperception prices.driven Thisby the growthdecline was largely attributed to strengths in other areas ofin Houston’senergy prices. diverseThis growth economy.was largely attributed As of December to strengths in 2015,other areas Houstonof Houston’s added diverse economy. As of December 2015, Houston added 23,200 jobs year‐over‐year1. This 23,200 jobs year-over-year1. This employment increaseemployment distinctlyincrease separatesdistinctly 2015 separates in Houston2015 in Houston fromfrom previousprevious periods that that saw saw energy downturns, namely the 1980s, early-1990s, early-2000s,energy downturns, andnamely thethe Great 1980s, Recession.early‐1990s, early In ‐all2000s, of andthesethe GreatperiodsRecession. HoustonIn all sustained substantial job losses. Not only did Houstonof these gain periods jobsHouston in 2015,sustained but substantialit is projectedjob losses. toNot continueonly did Houston to do gainso injobs 2016.in 2015, but it is projected to continue to do so in 2016. The Greater Houston Partnership is The Greater Houston Partnership is projecting Houstonprojecting to addHouston 21,900to add jobs21,900 thisjobs year,this year, demonstratingdemonstrating confidence confidencefrom local fromexperts. local experts. REIS and Witten Advisors project even higherREIS numbers and Witten atAdvisors 38,280 project andeven 30,700higher jobsnumbers respectively.at 38,280 and 30,700 jobs respectively. To understand the growth in 2015, and the positive projections for 2016, all the drivers of Houston’s economy must be considered. Energy is only one of several key drivers, and it is the only one currently contracting. Other Key drivers include the U.S. AREAeconomy, HIGHLIGHTS the petrochemicalHouston industry, Market and Overview the medical industry, all of which are strong and growing. UNPRECEDENTED EXPANSION The Houston area is currently experiencing an unprece- Many also overlook the fact that Houston is home to the HEALTHCARE SERVICES dentedMarket expansion Drivers of its petrochemical industry, primarilyTo understand Texasthe growth Medical in 2015, Center and the positive (TMC),projections whichfor is2016, theall theworld’sdrivers of largest account for one in ten jobs in the Houston on the east side of town. These expansions are by no meansHouston’s economymedicalmust complexbe considered. and Energy employsis only one ofoverseveral 151,000key drivers, people. and it is the The region and 9.5% of the local payroll A key difference between 2015 and previous energy downturnsonly one currently is thatcontracting. the U.S.Other economy Key drivers is still include growing.the U.S. economy, In all fourthe petrochemical previously hurt bymentioned declining downturns oil prices the but U.S. are saw in fact a decline thriving in employment. becauseindustry, and healthcareHowever,the medical industry,in industry2015 all totalof which makes nonfarmare strong up employment 10.1%and growing. of the in Houstonthe U.S. grew MSA’s of them.1.9% Some year-over-year, of the more translating noteworthy to 2,650,000 expansions jobs. include Projections workforce for U.S. job and growth has in grown 2016 range 43% fromover 1.70%the last to 2.25%,10 years; which com - NATURAL GAS ExxonMobil’sis good news $6 billionfor Houston. expansion When tothe their U.S. doespetrochemical well, HoustonMarket Drivers doespare well.that to In the lastenergy 25 years, industry only which once (2003) comprises has Houston 10.6% of is fueling a strong construction cycle along complex,lost jobsChevron while Phillips’the U.S. gained $6 billion jobs. ethane Dr. Bill Gilmer,cracker Chief facil Economist- at the University of Houston, estimates that every 1% of the U.S. Gulf Coast for chemicals, LNG and A key differencethe between workforce2015 and and previous has energygrowndownturns 46% inis thatthethe same U.S. economy period. is stillMuch ity, Celanese’sU.S. job growth $800 creates million 33,000 methanol jobs in Houston.production unit,growing. In alllikefour thepreviously petrochemical mentioned downturns boom the occurringU.S. saw a decline on inHouston’semployment. east agriculture and lyondellbasell’s $500 million ethylene plant expanHowever,- in side,2015 total institutionsnonfarm employment withinin the the U.S. TMCgrew 1.9%areyear undergoing‐over‐year, translating massive Another important factor to consider in regards to Houston’sto 2,650,000 continuedjobs. Projections growthfor U.S. isjob thegrowth diversein 2016 local range economy.from 1.70% to For2.25%, betterwhich isor sion. worse,Combined, Houston’s all of perception the petrochemical is tied to energy. expansions However,good are newsthere forexpansion hasHouston. beenWhen significantprojectsthe U.S. does totaling diversificationwell, Houston overdoes $6 overwell.billion Inthethe in last capital25 30years, years. investonly - INTERNATIONAL TRAVEL once (2003) has Houston lost jobs while the U.S. gained jobs. Dr. Bill Gilmer, Chief Economist at estimatedLosses to in cost upstream over $35energy billion. have beenA study more by than the offset Greater by the ments.rapid growth This ofunprecedented Houston’s other growth industries. ensures Vehicle that sales the aremed - will grow as Hobby Airport opens its Houstonat all-time Port Bureau highs –estimates 376,481 sales that in these 2015. projects Airport trafficwill cre continues- ical tohub grow, will with remain an estimated one of the50 million major passengerspillars of Houston’s moving International Terminal in ate upwardsthrough ofHouston 265,000 airports jobs overa year. their The lifetime. Port of Houston – which economyhas a statewide for the economic foreseeable impact future. of over $264.9 billion – led 2015, generating 10,000 jobs Texas to be the top exporting state for the 13th consecutive year. The two industries which have perhaps contributed the largest impact on Houston’s growth are petrochemicals and medicine. RETAIL SALES 7.0% 120 in Houston grew by 30.3% from 2009-2013, 6.0% 100 fueled by population growth and rising 5.0% 80 incomes 4.0% 60 3.0% 40 2.0% 20 HOUSING Growth

Price Houston ranks No. 2 in the nation in hous- 1.0% 0 Job ing starts, behind only Dallas, the national 0.0% ‐20 WTI of

% 1.0% ‐40 homebuilding leader 2.0% ‐60 3.0% ‐80 AUTO SALES 4.0% ‐100 experienced the best June on record in 5.0% ‐120 2015, selling 34,424 vehicles (+8.7% from last year) 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 *2016

US Job Growth Houston Job Growth Avg WTI Price CONSTRUCTION permits for the City of Houston totaled $8.3 billion in the 12 months ending June 2015

±1 Acre on Montrose Blvd in Houston, TX | 16 INFORMATION ABOUT BROKERAGE SERVICES & DISCLAIMER

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Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about DISCLAIMER brokerage services to prospective buyers, tenants, sellers and landlords. Prospective purchasers are hereby advised the Owners (“Owner”) of the Property are soliciting offers through Apartment Realty Advisors (“ARA”), which may be accepted or rejected by the Owners at the Information About Brokerage Services Owners’ sole discretion.

Any solicitation of an offer for the Properties offered hereunder will be governed by this Offering, as it efore working with a real estate broker, you intermediary. The written consent must state who will may be modified or supplemented. Prospective purchasers are advised that as part of the offer process, should know that the duties of a broker pay the broker and, in conspicuous bold or underlined the Owners will be evaluating several factors including the experience and financial qualifications of depend on whom the broker represents. If print, set forth the broker’s obligations as an the purchasing entity. you are a prospective seller or landlord intermediary. The broker is required to treat each (owner)B or a prospective buyer or tenant (buyer), you party honestly and fairly and to comply with The should know that the broker who lists the property for Texas Real Estate License Act. A broker who acts as The Owners shall have no obligation to accept any offer from any prospective purchaser. The Owners sale or lease is the owner’s agent. A broker who acts an intermediary in a transaction: reserve the right to withdraw the Properties from consideration at any time prior to final execution of a as a subagent represents the owner in cooperation Purchase Agreement. (1) shall treat all parties honestly; with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an (2) may not disclose that the owner will accept a This Offering document is furnished to prospective purchasers for the purpose of determining whether intermediary between the parties if the parties price less that the asking price unless authorized in to invest in the Properties offered hereby. The information contained herein, or any other related consent in writing. A broker can assist you in locating writing to do so by the owner; information provided by the Owners, may not be reproduced, redistributed or used in whole or in part a property, preparing a contract or lease, or obtaining financing without representing you. A broker is (3) may not disclose that the buyer will pay a without the prior written consent of the Owners. price greater than the price submitted in a written offer obligated by law to treat you honestly. unless authorized in writing to do so by the buyer; and No person has been authorized to give any information or make any representation or warranty, either IF THE BROKER REPRESENTS THE OWNER: (4) may not disclose any confidential information or expressed or implied and, if given or made, such information or representation must not be relied upon. The broker becomes the owner’s agent by entering any information that a party specifically instructs the into an agreement with the owner, usually through a broker in writing not to disclose unless authorized in While the Owners and ARA have no reason to believe that the information provided herein or in written - listing agreement, or by agreeing to act as a writing to disclose the information or required to do so by subsequent information updates delivered to potential purchasers hereunder contains any material subagent by accepting an offer of subagency from the The Texas Real Estate License Act or a court order or if inaccuracies, neither the Owners nor ARA nor any of the Owners’ or ARA’s respective subsidiaries, listing broker. A subagent may work in a different real the information materially relates to the condition of the estate office. A listing broker or subagent can assist property. affiliates, companies, or the officers, directors, employees, agents and representatives of any such the buyer but does not represent the buyer and entities, etc., make any representations or warranties, expressed or implied, as to the validity, accuracy must place the interests of the owner first. The buyer With the parties’ consent, a broker acting as an or completeness of the information provided or to be provided, and nothing herein shall be deemed to should not tell the owner’s agent anything the buyer intermediary between the parties may appoint a person constitute a representation, warranty or promise by any such parties as to the future performance of the who is licensed under The Texas Real Estate License would not want the owner to know because an Properties or any other matters set forth herein. owner’s agent must disclose to the owner any Act and associated with the broker to communicate material information known to the agent. with and carry out instructions of one party and another person who is licensed under that Act and Any obligations to prospective purchasers that the Owners may have with respect to the Properties IF THE BROKER REPRESENTS THE BUYER: associated with the broker to communicate with and are limited to those expressly set forth in a fully executed Purchase Agreement between the parties. The broker becomes the buyer’s agent by entering carry out instructions of the other party. Prospective purchaser’s sole and exclusive rights against the Owners, with respect to this prospective into an agreement to represent the buyer, usually transaction, the Properties, or information provided herein or subsequently, shall be limited to those through a written buyer representation agreement. A If you choose to have a broker represent you, remedies expressly provided in an executed Purchase Agreement, which shall not survive the closing. you should enter into a written agreement with the buyer’s agent can assist the owner but does not Further, in no event shall prospective purchasers have any claims against the Owners, ARA, or any represent the owner and must place the interests of broker that clearly establishes the broker’s obligations and your obligations. The agreement should state of their respective affiliates for any damages, liability, or causes of action relating to the Purchase the buyer first. The owner should not tell a buyer’s Agreement. agent anything the owner would not want the buyer how and by whom the broker will be paid. You have to know because a buyer’s agent must disclose to the the right to choose the type of representation, if any, buyer any material information known to the agent. you wish to receive. Your payment of a fee to a broker Prospective purchasers are not to construe the contents of this Offering or any prior or subsequent does not necessarily establish that the broker information communications from the Owners or any of their respective officers, employees or agents IF THE BROKER ACTS AS AN INTERMEDIARY: represents you. If you have any questions regarding as legal, tax or other advice. Prior to purchasing, prospective purchasers should consult with their own A broker may act as an intermediary between the the duties and responsibilities of the broker, you legal counsel and personal and tax advisors to determine the consequences of an investment in the should resolve those questions before proceeding. parties if the broker complies with The Texas Real Property and arrive at an independent evaluation of such investment. Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an No commission or finder’s fee shall be payable to any party by the Owners nor any affiliate or agent thereof in connection with the sale of the Properties unless otherwise agreed to by the Owners in Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records. writing.

Acquisition of properties such as the these offered hereunder involves a high degree of risk and are Buyer, Seller, Landlord or Tenant Date suitable only for persons and entities of substantial financial means. Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 , 512-936-3000 (http://www.trec.texas.gov) TREC No. OP-K ±1 Acre on Montrose Blvd in Houston, TX | 17 RETAIL RESTAURANTS & NIGHTLIFE

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Tim Dosch David Marshall Tom Dosch Matthew Rotan Principal Principal Principal Vice Chairman [email protected] [email protected] [email protected] [email protected] O 713.955.3127 O 713.955.3126 O 713.955.3125 O 713.425.5406 M 713.459.8123 M 713.206.1574 M 713.557.4455 M 713.882.5141 © ARA Newmark. All Rights Reserved.