DALLAS • TEXAS OFFERING SUMMARY INVESTMENT OVERVIEW UPTOWN Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp. a Texas licensed real estate broker (“HFF”) has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in IMT Seville Uptown (the “Property”) in Dallas, Texas. The 363-unit apartment community is located in one of the most accessible sites in the city, positioned just two blocks from the Dallas North Tollway just north of Maple Avenue. This location is minutes from several of Dallas’ top economic drivers, including Uptown, Dallas Medical District, and the Dallas CBD. The Property benefits from upscale nearby amenities, attracting a highly-educated, young workforce to the area. New ownership is afforded the opportunity to capitalize on the tremendous momentum in the area and initiate a value enhancement program to push rental rates. INVESTMENT HIGHLIGHTS VALUE-ADD ASSET BELOW REPLACEMENT COST & DISCOUNT TO UPTOWN The Property is being offered at a discount to replacement cost with the potential to implement a value-add program to close the gap on properties located in Uptown. New ownership has the ability to upgrade new plumbing & lighting fixtures, stainless steel appliances in all units, backsplash, granite countertops in bathrooms, ceiling fans, washer/dryer sets, two-inch blinds, and add enclosed yards to select units. According to MPF Research, 2000+ built properties located in the Intown (Uptown) submarket are averaging rents of $1,834 per month, which is approximately 36% above in-place rents at IMT Seville Uptown, exhibiting an exceptional opportunity to push rental rates. NEWLY TRANSFORMED MAPLE/OAK LAWN DISTRICT The Property is located in Maple/Oak Lawn neighborhood along Reagan Street. This area between the Dallas North Tollway and Turtle Creek is experiencing an explosion of growth, including the addition of the Maple Avenue Restaurant District, high-end single family homes (starting at $825,000), townhome style condos (starting at $500,000), and an increasing affluent demographic base. Within a one mile radius of the Property, the median home price is $324,994, and average household income is $103,303 annually. Furthermore, the population has boomed within a one-mile radius of the Property, growing by 30.3% since the year 2000. | 2 UPTOWN INVESTMENT HIGHLIGHTS HIGHLY WALKABLE ASSET IN CLOSE PROXIMITY TO NUMEROUS TOP RESTAURANTS Positioned in the Maple/Oak Lawn neighborhood, IMT Seville Uptown receives a Walk Score rating of 85, which is considered “Very Walkable.” Quickly becoming one of the trendiest and most fashionable areas in Dallas for young professionals, this urban area is filled with restaurants, bars and entertainment destinations. According to D Magazine, 8 of the top 100 restaurants in Dallas are located in the Maple/ Oak Lawn neighborhood. Popular nearby restaurants and nearby amenities include: 18TH AND VINE AI SUSHI SAKE GRILL BELLINI’S CAFÉ AND PIZZA (0.2 MILES) BOB’S STEAK & CHOP HOUSE (0.5 MILES) (0.2 MILES) (1 MILE) ** DISH RESTAURANT EATZI’S MARKET AND BAKERY KROGER MANNY’S UPTOWN CANTINA (0.5 MILES)** (0.7 MILES) (0.7 MILES) (0.2 MILES) WHOLE FOODS NONNA MIA’S TEX-MEX RESTAURANT MAPLE & MOTOR (1.1 MILES) (1.3 MILES)** (1.2 MILES)** (1 MILE)** SPREZZA THE LIBRARY BAR PARIGI RESTAURANT ROSEWOOD MANSION ON TURTLE CREEK (0.1 MILE) (0.4 MILES) (0.6 MILES)** (0.7 MILES)** ** Denotes 8 of the top 100 restaurants in Dallas, according to D Magazine | 3 UPTOWN INVESTMENT HIGHLIGHTS PROPERTY DESCRIPTION ADDRESS: 2525, 2530 and 2626 Reagan Street CONVENIENT LOCATION WITH EXCEPTIONAL ACCESSIBILITY Dallas, TX 75219 IMT Seville Uptown residents are served by the Property’s strategic position YEAR BUILT: 2006 & 2007 in a central Dallas location. Just two blocks away, the Dallas North Tollway CURRENT OCCUPANCY: 95.6% (as of 8/24/2016) stretches 32 miles from Dallas CBD to Frisco. In addition, the Property is TOTAL UNITS: 363 minutes from Interstate 35, US Highway 75, and Interstate 30, providing easy AVERAGE UNIT SIZE: 881 square feet access to every major economic driver in Dallas/Fort Worth. The Property NUMBER OF STORIES: Building I: 4 Floors is also just over one half mile from the Market Center DART Station, a Building II: 3 Floors Building III: 3 Floors transit network that connects directly to DFW International Airport. Dallas PARCEL SIZE: 5.63 acres Love Field International Airport, just over two miles northwest from the DENSITY: 64.5 units per acre Property, is home to the Southwest Airlines’ headquarters, which generates PARKING: 599 spaces over $2 billion annually for the local Dallas economy. PARKING RATIO: 1.65 spaces/unit “ON THE DOORSTEP” OF DALLAS’ TOP DRIVERS IMT Seville Uptown is minutes from many of Dallas’s largest economic drivers, including: • Old Parkland Hospital – Approximately 350,000 SF of Class “A” office space with an additional 160,000 SF under construction and rents over $50 PSF, originally built as a teaching hospital in 1894 • Dallas Medical District – 29,000 employees & $2.5 billion in development recently completed • Uptown Dallas – Supporting an estimated 22,000 employees and more than 4,000 businesses • Downtown Dallas – Largest employment base in North Texas with 135,000 employees • Dallas Market Center – Over 7.6 million SF and attracts over 400,000 visitors annually • Dallas Arts District – Largest contiguous arts district in the U.S. • Dallas Design District - Home to a multitude of art galleries, design studios, restaurants, bars, and over 80 showrooms UNIT MIX SUMMARY UNITS UNIT DESCRIPTION % OF TOTAL SF MARKET RENT RENT PER SF EFFECTIVE RENT RENT PER SF 286 One Bedroom 79% 791 $1,373 $1.74 $1,236 $1.56 77 Two Bedroom 21% 1,216 $1,984 $1.63 $1,748 $1.44 363 100% 881 $1,503 $1.71 $1,347 $1.53 *There are 36 different floor plans/unit types at the Property **Last 20 move-ins are averaging $1,488 per month or $1.55 per square foot (957 average unit size) – 10% above in place rents on a monthly basis | 4 COMMUNITY FEATURES UPTOWN • Clubhouse with lounge area • Internet café and gourmet kitchen • State of the art fitness center • Resort style swimming pool with sun tanning ledge • Intimate arbor with separate seating and wireless access • Outdoor kitchen with BBQ grills • Multi-level parking garage with remote control access • Controlled building access and air conditioned interior hallways UNIT FEATURES • Lofty 10 foot ceilings with exposed ductwork and 8 foot entry doors • Washer/dryer connections in all homes • Washer/dryer provided in select floor plans • Wood plank flooring or stained concrete flooring • Granite countertops with stone backsplash • Custom cabinetry and built in microwaves • Prep island with ample storage • Private balcony • Sun node in select apartments • Designer plumbing fixtures • Oval soaking tubs • Separate walk-in shower in select apartments • Ceramic tile in baths DFW ECONOMIC OVERVIEW 609,913 384,375 114,100 NEW JOBS PROJECTED POPULATION GROWTH PROJECTED NEW JOBS added during year-ending June. 2016 FROM 2016 THROUGH 2020 created from 2016 through 2020 OAK LAWN/PARK CITIES APARTMENT MARKET OVERVIEW 44% 8% $1,834 / $1.82 Rent Growth Since 2010 Rent Growth Since 2014 #1 Average Monthly Rent for Product Built Since 2000 in DFW | 5 DOWNTOWN DALLAS 135,000 Employees 2,500 Businesses 3 Fortune 500 Companies Deep Ellum UPTOWN 22,000 Employees 4,100 Businesses 2 Fortune 500 Headquarters Maple Ave Oak Lawn Shelby Ave Fairmount Street Old Parkland EIGHT OF THE TOP 100 Reagan Street RESTAURANTS IN DALLAS ARE SITUATED IN OAK LAWN/TURTLE CREEK Throckmorton Street Maple Avenue Restaurant District Knight Street Brown St Cedar Springs Road OFFER DATE: TBD TIMING: All submissions must include specific terms relating to Due Diligence and Closing time periods. ADDITIONAL INFORMATION If you have any questions or require additional information, please contact any of the individuals below. BILL MILLER | [email protected] | (469) 232.1986 Senior Managing Director 2323 Victory Avenue ROBERTO CASAS Senior Managing Director | [email protected] | (469) 232.1939 Suite 1200 GREG TORO Director | [email protected] | (469) 232.1995 Dallas, TX 75219 214.265.0880 ROB KEY Director | [email protected] | (469) 232.1926 214.265.9564 DAVID AUSTIN | [email protected] | (469) 232.1993 Senior Real Estate Analyst www.hfflp.com For questions regarding debt structures on this property, please contact: ANDY SCOTT Senior Managing Director | [email protected] | (469) 232.1933 ©2016 Holliday Fenoglio Fowler, LP (“HFF”) and HFF Securities LP (“HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, advisory services, structured finance, private equity, loan sales, and commercial loan servicing. Holliday Fenoglio Fowler, L.P. (“HFF”) has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change..