IMMIGRATION THROUGH INVESTMENT THROUGH IMMIGRATION HOUSTON INVEST DOWNTOWN INVEST PROJECT SUMMARY HOUSTON The project will consist of approximately 240 units in an 8-story building. The plan comprises 3 floors of parking with 5 floors of residential units above. The project site is an entire Downtown Houston city block, Block 384, consisting of 62,500 square feet, or 1.4348 acres. The project is being developed in partnership with Allied Realty, a Houston based multifamily developer founded in 1985. Downtown Houston has implemented a tax incentive program to encourage residential development of the Downtown area of Houston. The project is eligible for the program and has been approved by the Downtown Living Initiative board. The program will provide reimbursement of 75% of the increase in property tax revenue associated with the development up to $15,000 a unit. PROPERTY LOCATION The site is located in Downtown Houston near the northwest intersection of I-45 & Hwy 59. The site is within close proximity to the Toyota Center, BBVA Compass Stadium, Minute Maid Park, Theater District and all of the downtown entertainment and hospitality venues. With over 800 million dollars in commercial development to be completed by 2017, the current residential unit capacity in downtown will fall short of satisfying the ever-growing demand. For this reason the City of Houston is welcoming needed residential projects like Block 384. EB5 INVESTMENT Job Creation: Our economists have determined that 319 jobs will be created for this project. The economic impacts were derived using RIMS II Houston final demand and direct effect multipliers. This is sufficient to meet the EB5 investor jobs requirement and provides a very safe 32.9% cushion for job creation, as we are only requiring 240 jobs for this project. The site has also been approved as a TEA by The City of Houston. Investment: EB5 investors will purchase $500,000 partnership interests in the partnership. Funds will serve as additional equity capital to the partnership that will be deployed for hard construction costs. EXIT STRATEGY Up to 4% preferred return Total Project Cost: $48M 4-5 year term EB5 Equity $12M Exit strategy- sale or refinance of $29M Construction Loan multifamily complex Partnership Equity $7M Proposed Unit Mix INVEST DOWNTOWN INVEST 22% 2 Bedroom HOUSTON 78% 3841 Bedroom ELEVATION 384 Notwithstanding any other information (including, without limitation, any marketing, sales, advertising, brochures, or similar information), all prices, building design, architectural renderings, plans, amenities, features and specifications of any and all improvements to any part of the building or property are subject to change or cancellation without notice. SITE PLAN A PLANS 1 Bedroom FLOOR 8 B PLANS 2 Bedroom A1 A1 A2 A2 A2 B2 POOL A3 UPPER ROOFTOP A2 A2 A2 A2 DECK B3 A4 A4 CLUB ROOM / FITNESS A4 5,700 SQ.FT. COURTYARD A4 A4 A4 A4 A4 B3a B3 A2 A2 A2 A2 B4 384 A3 B2 A3 A1 A1 A1 A1 A2 A3 B2 FEATURES Rooftop Pool Central Courtyard 3 Elevators / 3 Stairwells Rooftop Deck Dog Park Tree Covered Sidewalks Club Room / Fitness Center 3 Level Parking Garage 1 and 2 Bedroom Plans THE OPPORTUNITY Houston EB5 is offering foreign investors the opportunity to: Complete capitalization of the Block 384 project, a residential • 8-story apartment complex in downtown Houston, Texas and an EB-5 qualified development project Fast-track permanent, legal residency in the U.S. for investors and • their immediate family without the usual roadblocks and/or red tape of the traditional immigration process • Share in the profits of the Block 384 development 384 Given that real estate investments remain much safer in nature than typical business investments—compounded with Houston’s strong economic environment—participants in Houston EB5’s Block 384 project can expect a more reliable and timely return on their investment. In Houston EB5’s development, Block 384, its investors will become limited partners and not only share in the potential profits, but have the opportunity to obtain green cards and future citizenship for their immediate family. Each of the Houston EB5 development projects are specifically selected because of their high quality and attention to detail, as well as an ability to generate a significant number of jobs. Throughout the course of the project, the Houston EB5 team of professionals will work diligently to provide assistance at various stages of the EB-5 Program application process. As a partner, the Houston EB5 Team will: • Help answer questions throughout the EB-5 Program process • Work with immigration attorneys to assist you with your petition Keep detailed project and investment documentation, • demonstrating that you have fulfilled all the requirements for the I-829 petition Provide regular reports regarding the progress of the project, job • creation data and the status of your funds EB5 TIMELINE Initial Process 1 to 2 Months • Investor submits non-binding Indication of Interest agreement and Investor Suitability Questionnaire to Houston EB5. • Pending approval, investor receives the Confidential Private Placement Memorandum. • Investor signs and returns all documentation, including subscription agreement. • Investor submits investment of $500,000, plus $50,000 administrative fee, to Houston EB5 escrow account. • Investor meets with immigration attorney on I-526 application. • Investor files I-526 visa application with The United States Citizenship & Immigration Services (USCIS). • The USCIS provides Houston EB5 with a receipt for investor’s I-526 application. • Upon receipt from USCIS, the $500,000 investment will be transferred to partnership account. 6 to 12 Months • United States Citizenship and Immigration Services grants approval of investor I-526 application. • Upon approval investor will receive conditional green card. 21 to 24 Months • Investor files I-829 application to remove conditional status and receive a permanent green card. Regional center must prove job creation on investor’s behalf. 2 to 4 Months • Once approved, conditional status of green card is removed and green card becomes permanent. • Investor can apply for citizenship 5 years after receiving permanent green card. DOWNTOWNLead by the energy, medical, and manufacturing sectors HOUSTON Houston has created the highest number of jobs out RENTAL MARKET of any U.S. city since the 2008 recession. As a result in Percent of jobs recovered through March ’13 2013 Houston also led all U.S cities in Real GDP growth and Houston vs. Top 10 Metros largest numeric population growth according to the Bureau HOUSTON of Economic Analysis and U.S Census Bureau, respectively. 230.5% It is this boom in industry and population that caused Price DALLAS 164.2% Waterhouse Cooper and the Urban Land Institute to rank WASHINGTON 155.0% Houston the best U.S city for real estate investment BOSTON 129.0% in 2014 in their annual Emerging Trends report. NEW YORK 102.1% Downtown lies at the heart of this growth and investment. ATLANTA 63.2% With over 800 million dollars in commercial development MIAMI 50.0% to be completed by 2017, the current residential unit CHICAGO 49.9% capacity in downtown will fall short of satisfying the ever- PHILADELPHIA 43.8% growing demand. For this reason the City of Houston LOS ANGELES is welcoming residential projects like Block 384 with a 43.0% Source: U.S. Bureau of Labor Statistics $15,000 tax credit per unit built. Ultimately Block 384 100% GREATER HOUSTON PARTNERSHIP won’t just be a good project located in a great market, it will houston.org be a necessary project located in a great market. For more information, please visit www.HoustonDowntownAlliance.org COMPARABLE OCCUPANCY OF SURROUNDING APARTMENTS EFFECTIVE RENTS $1,400 96% 99% 99% at 550 sq.ft. 2222 Smith Street City Place Midtown One Park Place % % % 96 93 96 Camden Midtown Houston House Post Midtown Square $2,600 at 1,350 sq.ft. 98% 95% 98% Camden Travis Metro Midtown Post Rice Lofts ABC D E F G H I J K L M N OPQ R S T U ABC D E F G H I J K L M N OPQ R S T U 1 72 1 1 72 1 Nor Rothwell th Corridor Light Rail Hardy (U Nor Rothwell nder Construction)th Corridor Light Rail Hardy Nance 2 (U 2 nder Construction) Elysian Viaduct 2 Nance 2 Elysian Viaduct 98 William 98 10 90 Richey W William 90 18 10 90 alnut Richey 102 W 158 90 18 102 alnut 158 McK rett McK Sterettr 122 ee Ster 122 ee 3 3 3 3 5454 N Wood Wood N . 254 . 254 S 155S 155 a a n n J 59 a 97 J 59 c a 97 i c n i t n 99 o 240 58 t 3 99 o 240 58 4 3 G 4 4 34 101 4 34 101 Main N. 36 N. Main N. 36 Baker 157 62 39 Washington 239 1 39 Baker 157 Franklin 62 91 Washington 239 110 196 129 194 91 69 Franklin 49 128 5 74 206 252 110 57 96 43 5 21 129 194 69 49 134128 89 5 3.8 mi. from Rice University 75 74 206103 252 64 57 41 43 5 21 Milam Commerce 256 65 203 44 40 116 Ruiz 45 C 134 37 89 3.7 mi. from UofH Main Campus 75 103 64 41 174 45 246 237 183 Milam 203 35 Commerce125 256 44 40 F t 116 Ruiz 190 65 37 46 ranklin 45 2 179 ravis Jackson 6 140 50 T 218 217 216 45 246 6 237 150174 35 125 6 183 Chenever 214 annin 106 CongressFranklin t Memorial Drive F 152 Hamilton tres 190 60 59 176 46 Crawford 2 179 ravis180 Jackson H 50 T 218 217 42 47 140 216 San Jacinto Preston 71 248 6 8 233 142 Char 6 150 192 121 6 226 Chenever 29 214 143annin 24 106 Congress Memorial Drive F 15212 38 68 Hamilton tres 60 181 Crawford St.