KNOXBRIDGE

OFFERING SUMMARY

WEST VILLAGE UPTOWN

3636 MCKINNEY

THREE CLASS A ASSETS, TOTALING 512 UNITSIN THE HEART OF UPTOWN

DALLAS, TEXAS

DALLAS PORTFOLIO

RARE ABILITY TO OBTAIN CRITICAL MASS IN INFILL DALLAS – The Uptown Dallas Portfolio represents the opportunity to acquire three institutional, Class A assets totaling 512 units. The Portfolio is positioned within the most desired location in Dallas, with access to the strongest economic drivers in the City, and offered at a discount to replacement cost due to scarce site availability and rising construction costs. Additionally, investors will be able to achieve maximum operational efficiencies and immediate scale as 3636 McKinney and West Village Uptown are all positioned one block from each other while Knoxbridge is less than one mile north.

IRREPLACEABLE, URBAN LOCATION WITH SUPERIOR WALKABILITY – The Portfolio is positioned at “Main & Main” in the affluent Uptown Dallas, the most exciting and desirable residential location in the City. This unmatched location gives residents access to some of the trendiest and most fashionable areas in Dallas for young professionals that are filled with restaurants, bars, and entertainment destinations. According to Real Capital Analytics, property values have risen 125% over the past decade for properties located in highly walkable urban settings, compared to just 43% in highly walkable suburban settings. These factors helped the Portfolio register exceptionally high “Walk Scores” – 3636 McKinney (94), West Village Uptown (91), Knoxbridge (85).

RENOWNED NEIGHBORING ECONOMIC DRIVERS – Surrounding the Uptown Dallas Portfolio are some of the most high-profile economic drivers and tourist destinations that Dallas has to offer.

• Uptown Dallas is one of the most affluent areas in Dallas and supports an estimated 22,000 employees and more than 4,000 businesses. Additionally, 3636 McKinney and West Village Uptown are less than one mile from the recently opened Whole Foods.

• Knox-Henderson is one of the most restaurant and entertainment rich destination in Dallas, boasting nine of the top 100 restaurants in the City according to D Magazine. In addition, Know-Henderson features a wide variety of antique shops, galleries, nightlife, and trendy retail. Furthermore, Knoxbridge is just two blocks from the recently opened Trader Joe’s.

• Downtown Dallas is the largest employment center in North Texas with over 35 million square feet of office space and more than 140,000 employees.

EASILY ACCESSIBLE LOCATION WITH EXCEPTIONAL CONNECTIVITY – The Properties are afforded excellent access and visibility as they are positioned either along or one block from McKinney Avenue, the primary thoroughfare that runs through Uptown. Additionally, the 3.5 mile Katy Trail, one of Dallas’ most popular landmarks and amenities, is merely steps from the Portfolio. Furthermore, residents have easy access to the DART Rail and McKinney Avenue Trolley that connects Downtown and Uptown.

OUTSTANDING SUBMARKET DYNAMICS – The Properties are located within the prestigious Intown Dallas submarket, widely regarded as the premier submarket in the DFW metro. At the end of the third quarter 2016, properties in the Intown Dallas submarket commanded average rents of $1,707 per month or $1.77 per square foot, while 2000+ construction post average rents of $1,810 per month or $1.83 per square foot. This average rental rate continues to lead the DFW market as Intown Dallas communities average a 9.4% premium over the next highest priced submarket.

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 the Uptown Dallas Portfolio (the “Portfolio” or “Properties”). Consisting of three Class A assets, the Portfolio totals 512 units in the most coveted location in the entire DFW metro. Positioned within the vibrant Uptown District, the Portfolio enjoys the most walkable location in the city and offers a true Live / Work / Play environment as it is within walking distance of some of the most popular restaurants, bars, entertainment venues, and economic activity in all of Dallas. In addition, the Portfolio is positioned at the epicenter of the most dynamic submarket in the entire DFW with extremely strong demographics as the average income within a one-mile radius is $106,547 and 34.7% of the population within a one-mile radius are between the prime rental ages of 25-34. The portfolio has historically maintained a high average occupancy, and is currently occupied at 93.4%.

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INVESTMENT HIGHLIGHTSWALK SCORE RANKINGS

City Rank Location Score

3636 McKinney 94

West Village Uptown 91

1 New York 89

2 San Francisco 86

Knoxbridge 85

3 Boston 81

4 Philadelphia 78

5 Miami 78

6 Chicago 78

7 Washington DC 77

8 Seattle 73

9 Oakland 72

10 Baltimore 69

PROPERTY DESCRIPTION3636 MCKINNEY WEST VILLAGE UPTOWN KNOXBRIDGE

Address 3636 McKinney Ave.Dallas, TX 75204

3839 McKinney Ave.Dallas, TX 75204

4649 Cole Ave.Dallas, TX 75205

Year Built 2006 2006 1993

Total Units 103 75 334

Average Unit Size 955 918 849

Rentable Square Feet 98,335 68,817 283,438

Number of Buildings 1 2 15

Stories Five Five Three

Land Area 1.399 1.103 9.713

Density 38 units / acre 68 units / acre 34 units / acre

Developer Gables Gables Lincoln

Parking 155 spaces / 1.50 102 spaces / 1.36 593 spaces / 1.78

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3636 MCKINNEY WEST VILLAGE UPTOWN

KNOXBRIDGEWEST VILLAGE UPTOWN

3636 MCKINNEY

WEST VILLLAGE UPTOWN

KNOXBRIDGE

Market Effective

Units Unit Description% of Total SF Rent PSF Rent PSF

73 1 Bedroom 71% 832 $1,607 $1.93 $1,556 $1.87

30 2 Bedroom 29% 1,253 $2,144 $1.71 $2,143 $1.71

103 955 $1,763 $1.85 $1,741 $1.82

Market Effective

Units Unit Description% of Total SF Rent PSF Rent PSF

59 1 Bedroom 79% 835 $1,600 $1.92 $1,540 $1.85

16 2 Bedroom 21% 1223 $2,305 $1.89 $2,185 $1.79

75 918 $1,751 $1.91 $1,690 $1.84

Market Effective

Units Unit Description% of Total SF Rent PSF Rent PSF

229 1 Bedroom 69% 732 $1,278 $1.75 $1,287 $1.76

105 2 Bedroom 31% 1102 $1,831 $1.66 $1,828 $1.66

334 849 $1,452 $1.71 $1,452 $1.71

UNIT MIXES

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3636 MCKINNEY

WEST VILLAGE UPTOWN

KNOXBRIDGE*Based on rent roll dated 1/31/17

DALLAS-FORT WORTH ECONOMIC OVERVIEW

5

114,800 NEW JOBSADDED DURING YEAR-

ENDING NOVEMBER 2016

352,101PROJECTED NEW JOBS

CREATED FROM 2016 - 2020

589,309PROJECTED POPULATION

GROWTH FROM 2016 - 2020

95.2%OCCUPANCY AS OF 3Q16

4.6%RENT GROWTH OVER

PREVIOUS TWELVE MONTHS

INTOWN DALLAS APARTMENT MARKET OVERVIEW

KNOXBRIDGE WEST VILLAGE UPTOWN

3636 MCKINNEY3636 MCKINNEY

10.9%RENT GROWTH FOR 2000+ VINTAGE PRODUCT OVER

PREVIOUS 24 MONTHS

KlydeWarren

Park

Maple Ave.

Cedar Springs Rd.

Cedar Springs Rd.

Lemmon Ave.

Canada Dr.

Singleton Blvd.

Ham

pton

Rd.

Sylv

an A

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Commerce St.

Fort Worth Ave.

Harry Hines Blvd.

Ross

Ave.

Live O

ak St

.

Gaston

Ave.

Elm St.

Elm St.Commerce St.

Henderson Ave.

Knox St.

Fitzhugh Ave.

Haskell Ave.

Peak St.

Cole

Ave

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La Vista Dr.

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DALLASLOVE FIELD

AIRPORT

DALLASCBD

UPTOWN

Highland Park

MedicalDistrict

University Park

M Streets

Deep Ellum

VictoryPark

WestEnd

Oak Cliff

FairPark

DallasArts

District

DallasConvention

Center

AmericanAirlinesCenter

BaylorMedical Center

SouthernMethodistUniversity

Stevens ParkGolf Course Lake Cliff

Park

Fish TrapPark

WestVillage

NorthParkCenter

Shops atPark Lane

MockingbirdStation

DALLASDALLAS

Maple Ave.

Cedar Springs Rd.

Cedar Springs Rd.

Lemmon Ave.

Canada Dr.

Singleton Blvd.

Ham

pton

Rd.

Sylv

an A

ve.

Commerce St.

Fort Worth Ave.

Harry Hines Blvd.

Ross

Ave.

Live O

ak St

.

Gaston

Ave.

Elm St.

Elm St.Commerce St.

Henderson Ave.

Knox St.

Fitzhugh Ave.

Haskell Ave.

Peak St.

Cole

Ave

.

McK

inne

y Av

e.

Inwoo

d Rd.

W Moc

kingb

ird Ln

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Mockingbird Ln. E. Mockingbird Ln.

Pres

ton

Rd.

Gree

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e Av

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man

St.

Abra

ms

Rd.

Belmont Ave.

La Vista Dr.

Inw

ood

Rd.

Lovers Ln.Lovers Ln.

Northwest Hwy.

DA

LLA

S N

OR

TH T

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WA

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DALLASLOVE FIELD

AIRPORT

DALLASCBD

UPTOWN

Highland Park

MedicalDistrict

University Park

M Streets

Deep Ellum

VictoryPark

WestEnd

Oak Cliff

FairPark

DallasArts

District

DallasConvention

Center

AmericanAirlinesCenter

KlydeWarren

Park

BaylorMedical Center

SouthernMethodistUniversity

Stevens ParkGolf Course Lake Cliff

Park

Fish TrapPark

WestVillage

NorthParkCenter

Shops atPark Lane

MockingbirdStation

DALLASDALLAS

30

30

303045

GREENVILLE

ADDITIONAL INFORMATIONIf you have any questions or require additional information, please contact any of the individuals below.

BILL MILLER Senior Managing Directorbmiller@hfflp.com | 469.232.1986

ROBERTO CASAS Senior Managing Director rcasas@hfflp.com | 469.232.1939

GREG TORO Directorgtoro@hfflp.com | 469.232.1995

WILLIAM JENNINGS Senior Real Estate Analystwjennings@hfflp.com | 469.232.1998

TEDDY LEATHERMAN Real Estate Analysttleatherman@hfflp.com | 469.232.1975

For questions regarding debt structures on this property, please contact:

ANDY SCOTT Senior Managing Directorascott@hfflp.com | 469.232.1933

OFFER DATE: TBD

OFFERING STRUCTURE: Qualified buyers can bid as one portfolio or individual properties.

TIMING: All submissions must include specific terms relating to Due Diligence and Closing time periods.

©2017 Holliday Fenoglio Fowler, LP (“HFF”) and HFF Securities LP (“HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital arkets 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.

2323 Victory Avenue, Suite 1200Dallas, TX 75219 USA TEL: 214-265-0880 | FAX: 214-265-9564hfflp.com

KNOXBRIDGE

WEST VILLAGE UPTOWN

3636 MCKINNEY