Wellington Commons Townhomes 1001 N

Wellington Commons Townhomes 1001 N. Grandview Avenue | Odessa, TX 79761

OFFERING SUMMARY

Unit Mix Wellington Commons offers value through a strong unit mix, with 8 One Bed One Bath units and 34 Two Bed Two Bath units, combining for a total of 52,388 net rentable square feet. 80% of the Two Bed Two Bath Townhomes units have two carports.

Value-Add The property offers a unique value-add opportunity, being located in a desirable location in the rapidly growing Midland/Odessa market. Renovating units and the implementation of Corporate Units are just a few ways to bring additional value to the property.

University of Texas Permian Basin The property is a 5-minute drive from The University of Texas Permian Basin, which is home to over 7,000 undergraduate students. This creates a strong demographic of young adults in need of quality multi-family apartment living in the area.

Highway Accessibility The property is located directly off of Interstate 20, which connects the state of Texas from Midland, too Abilene, and within 4 and a half hours you can be in the Dallas/Fort Worth metroplex.

Free and Clear Wellington Commons is being offered free and clear of existing debt. Contact the Greysteel Debt and Structured Finance team to discuss competitive financing options. 8

191 25 9

338 18 8 17 23 19 24 15 22 191 20 25 16 9 13 302 14 4 31 338 2 1 18 17 23 3 11 21 195 24 15 22 20 12 16 29 13 14 4 31 302 32 2 1 28 3 WELLINGTON 11 121 MILE5 3 MILES 5 MILES COMMONS TOWNHOMES 10 29 12 30 32 28 WELLINGTON 7 1 MILE 3 MILES 5 MILES COMMONS TOWNHOMES6 10 30 277 6 27 338 26 338 26 20 20 20 20 385 385

AREA MAP AREAAREA MAP MAP ENTERTAINMENT & MUSEUMS SHOPPING EDUCATION

1 Ector County Coliseum 10 Albertsons Market 2112 Hobby Lobby 28 Dowling Elementary School ENTERTAINMENT & MUSEUMS SHOPPING EDUCATION 2 Sherwood Park Aquatic Center 11 Aaron's 2213 Marshalls 29 Bonham Middle School 10 2112 1 Ector County Coliseum3 Presidential Archives Albertsons12 Grand Market View Plaza 2314 Hobby Petco Lobby 30 Odessa28 High Dowling School Elementary School

4 Stonehenge Replica 13 2415 31 2 Sherwood Park Aquatic Center 11 Aaron's Winwood Town Center 2213 Marshalls Best Buy The University29 Bonham of Texas Middle of the Permian School Basin 5 Ellen Noel Art Museum 14 CVS PARKS & RECREATION 32 Odessa College 3 Presidential Archives 12 Grand View Plaza 2314 Petco 30 Odessa High School HEALTHCARE 15 Music City Mall 25 Ratliff Ranch Golf Links 4 Stonehenge Replica 13 Winwood16 Town Center 2415 26 Best Buy 31 6 Medical Center Hospital Walmart Supercenter McKinney Park Sprayground The University of Texas of the Permian Basin 17 Sam's Club 27 Woodson Park 5 Ellen Noel Art Museum7 Odessa Regional Medical Center14 CVS PARKS & RECREATION 32 Odessa College 18 Lowe's Home Improvement AVIATION 15 Music City Mall 25 Ratliff Ranch Golf Links HEALTHCARE 19 The Home Depot 8 Midland International Air & Space Port 16 26 6 Medical Center Hospital Walmart20 SupercenterLove's Travel Stop McKinney Park Sprayground 9 Odessa-Schlemeyer Field 17 27 7 Odessa Regional Medical Center Sam's Club Woodson Park 18 Lowe's Home Improvement AVIATION 10000 N. Central Expressway • Suite 750 • Dallas, TX 75231 • 469.518.5040 • www.greysteel.com 19 The Home Depot 8 Midland International Air & Space Port New York • Los Angeles • Dallas • Fort Worth • Washington, D.C.* • Philadelphia 20 Love's PhoenixTravel •Stop Denver • Baltimore • Charlotte • Norfolk 9 Odessa-Schlemeyer Field TX License No: 9003203 *Corporate Headquarters and Transaction Services Center

SALES FINANCE ANDREW HANSON JACK STONE DOUG BANERJEE DANIEL HARTNETT Director Director Senior Managing Director Director 469.518.8375 469.518.8545 469.518.5038 469.453.0194 [email protected] [email protected] [email protected] [email protected]

For more information or to inquire about Greysteel, please contact Ari Firoozabadi, President & CEO ([email protected] | 202.417.3873) Greysteel, seller, and their respective representatives make no representations or warranties, express or implied, regarding the accuracy or completeness of the information in this Offering Summary. Prospective purchasers shall be responsible for performing their own independent due diligence with respect to a possible transaction. This offering is subject to prior placement, withdrawal, cancellation or modification without notice. All references to acreage, square footage, and other measurements are approximations and must be independently verified.