THE FORUM. at central OFFERING SUMMARY

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1 OFFERING SUMMARY

2 INVESTMENT OVERVIEW HFF, L.P. has been exclusively retained by the Owner to offer qualified investors the opportunity to purchase The Forum at Central (the Property ), a 101,232 square-foot office building located in Dallas / Fort Worth s established Richardson submarket. Proximate to CityLine, a $1.5 billion development that is home to State Farm and Raytheon s Regional Headquarters, current and future tenancy benefits from direct access to the vibrant, mixed-use hub of Richardson. With the recent arrival of in-demand restaurants, retail, and luxury apartments, the CityLine neighborhood creates an appealing allure to employees in Richardson. The lender-owned asset offers a prospective investor the opportunity of acquiring a well-located asset at a steep discount to replacement cost, while providing significant upside potential through lease-up and asset repositioning. PROPERTY OVERVIEW Address: Building Size: 2201 North Central Epressway Richardson, TX ,232 Square Feet Percentage Leased: 43.1% Year Built: 1981 Stories: 2 Site: Parking Ratio: 7.11 Acres 521 spaces 5.2/1,000 SF 2

3 INVESTMENT HIGHLIGHTS SIGNIFICANT UPSIDE POTENTIAL With occupancy at 43%, potential investors can recognize untapped potential through the lease up of vacant space in a strong leasing environment. Class B occupancy in the Richardson/Plano submarket is 88%, demonstrating a heightened demand for value office space in a rising rental rate environment. SUBSTANTIAL DISCOUNT TO REPLACEMENT COST Investors are presented with an opportunity to acquire a Class B asset in the heart of the Richardson submarket for a substantial discount to replacement cost (±$225) The Property also presents a covered land play because of its large 7.1 acres and currently zoned for TO-M (Technical, Scientific & Office). THRIVING RICHARDSON/PLANO SUBMARKET The Richardson/Plano office market has been a leader within the Dallas metro in terms of absorption. Since 2015, the Richardson/Plano market has absorbed 2.9 million square feet, or 20% of the total net absorption within DFW. Office rents in the Richardson/Plano submarket have increased by over % since 2010, a CAGR of approximately 3.9%. Richardson s recent absorption activity includes numerous corporations bolstering their presence in the area, including State Farm (8,000 jobs), Raytheon (2,000 jobs), RealPage (1,500 jobs), and Service King (170 jobs). 3,000,000 2,500,000 2,000,000 Net Absorption from YTD % of Inventory 5% of Inventory 3% of Inventory 1% of Inventory Richardson / Plano Class B Net Absorption vs. Deliveries 1,400,000 90% 1,200,000 88% 1,000,000 86% 800,000 84% 1,500, ,000 82% 1,000, ,000 80% 500,000 0 Richardson/Plano Baltimore Jacksonville Pittsburgh 200, YTD 2017 Deliveries Net Absorption Occupancy 78% 76%

4 INVESTMENT HIGHLIGHTS $500 MILLION BC STATION DEVELOPMENT CITYLINE unit apartment by Trammell Crow Residential room Drury Hotel - 310,000 square feet of office PALISADES million square feet of Class A office - 200,000 square feet of restaurant/retail - Flats at Alta Palisades: 232 Units - Lofts at Alta Palisades: 342 Units - 63 single family townhomes - $1.5 billion mixed-use development - 1,900 luxury townhouse and apartments room Aloft Full-Service Hotel CHARLES W. EISEMANN CENTER FOR PERFORMING ARTS TELECOM CORRIDOR - Contains over 25 million square feet of office space and accounts for over 1,000 jobs. - One million square foot headquarters for Blue Cross and Blue Shield - Largest employers are AT&T, Ericsson, RealPage, and Texas Instruments 246,000 VPD MEDIAN HOME VALUE $557,500 AT CENTRAL - Richardson I.S.D. - Boasts a top 100 ranked high school in the state, Richardson High School, according to US News & World Reports RICHARDSON PLAZA N. COLLINS RD. W. CAMPBELL RD. 84,600 VPD 4

5 APPEALING NEARBY AMENITY BASE The Property is one block south of Richardson Plaza and 2.5 miles south of CityLine, developments which boast a variety of restaurants, entertainment, and bars, creating the coveted live, work, play environment. These two amenity rich shopping centers offer tenants a diversified selection of restaurants, bars, and entertainment, such as Torchy s Tacos, Sushi Sake, CoalVines, Whole Foods, AMF Richardson Lanes, Reef Point Yoga, Chick-Fil-A and Starbucks. EASE OF ACCESS TO MAJOR THOROUGHFARES The Property sits directly off US-75 southbound, benefitting from a traffic count of 246,000 vehicles per day, and in between Galatyn Parkway and W. Campbell Road, consisting of a combined traffic count of 84,680 vehicles per day. Seamless access to the Property via US-75, positioned between two major east/west thoroughfares, President George Bush Turnpike (TX-161) and US-635. CITYLINE PALISADES CENTRAL BC STATION DEVELOPMENT 5

6 WHY DALLAS/FORT WORTH? Unemployment rate of 3.2%, adding over 100,400 jobs in the last 12 months ACCESSIBILITY Central U.S. location featuring Dallas-Fort Worth International Airport & Dallas Love Field 225+ NON-STOP DESTINATIONS From 2017 to 2021, DFW is projected to add 516,986 residents and 139,649 new jobs, both are the highest forecast total in the entire U.S., according to Oxford Economics. ULI s Emerging Trends #5 Top Market to Watch in M PASSENGERS PER YEAR One of the largest concentrations of corporate headquarters in the country and has recently attracted a notable list of expansions and relocations spanning several diverse industries serviced approximately 65,670,697 passengers in serviced 15,562,738 passengers in 2016 and is home to Southwest Airlines Forbes recently ranked Texas #1 in Economic Climate out of all 50 states BUSINESS ENVIRONMENT #1 STATE FOR DOING BUSINESS 13 YEARS IN A ROW - CEO Magazine % STATE & LOCAL INCOME TAX RATE 3.2% UNEMPLOYMENT RATE 13.7 MILLION W O R K E R S 1,052,000 Number of residents added to the region between 2010 and #1 in Economic Climate 7,873,019 Projected population of the region by th largest workforce in America Companies ranked in the INC fastest-growing private companies that call Dallas/Fort Worth home. 6

7 TH ELM FRISCO ND GE Lewisville THE COLONY SAM RAYBURN TOLLWAY ALLEN LUCAS LEWISVILLE ND COPPELL Fort Worth rnational irport North CARROLLTON FARMERS BRANCH LAS COLINAS IRVING Addison Airport ADDISON DALLAS LOVE FIELD AIRPORT TURNPI BUSH K GEORGE PRESIDENT E DALLAS NORTH TOLLWAY Preston Hollow University Park Highland Park wood Highlands PLANO RICHARDSON White Rock GARLAND MURPHY SACHSE WYLIE CHRIS MURPHY Director cmurphy@hfflp.com, ROCKWALL TODD SAVAGE Managing Director ROWLETT tsavage@hfflp.com, ADDITIONAL INFORMATION If you have any questions or require additional information, please contact the individuals below. ROYSE PARKER MCCORMACK Director CITY pmccormack@hfflp.com, BEN SIEGEL Analyst HEATH bsiegel@hfflp.com, ANDREW LEVY Senior Managing Director alevy@hfflp.com, DALLAS Uptown CBD For questions regarding debt structures on this property, please contact: SUNNYVALE DE ON COLLINS Director dcollins@hfflp.com GRAND PRAIRIE Mountain Creek OAK CLIFF 45 BALCH SPRINGS MESQUITE 20 FORNEY 2323 Victory Avenue, Suite 1200 Dallas, TX Tel: (214) Fax: (214) Joe Pool 7 DUNCANVILLE DE SOTO 20 LANCASTER HUTCHINS 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. SEAGOVILLE 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 CRANDALL 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.