SPANISH GARDENS CONDOMINIUM PORTFOLIO

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1 FORT WORTH TEXAS SPANISH GARDENS CONDOMINIUM PORTFOLIO MULTI-FAMILY INVESTMENT PROPERTY FOR SALE

2 ELTON HARWELL Senior Vice President OFFICE/INDUSTRIAL DIVISION DIRECT FAX HENRY S. MILLER BROKERAGE, LLC Providence Towers West 5001 Spring Valley Road, Suite 1100 Dallas, Texas Phone Fax NOTICE & DISCLAIMER: The information in this package is for your review relative to a prospective purchase or lease of the above property. This material is confidential, furnished solely for the purpose of considering the purchase or lease of the property described and is not to be used for any other purpose or made available to any other individual, partnership or corporation without our express written consent. No warranty or representation is made by Henry S. Miller Brokerage, LLC or its affiliates, or any other party furnishing information, as to the accuracy or completeness of the information contained herein. Prospective purchasers or tenants should make their own investigation, projections and conclusions without reliance upon the material contained herein. The material herein is subject to change. This property may be removed from the market at any time, without notice. CONTACT INFORMATION

3 INTRODUCING SPANISH GARDENS Henry S. Miller Brokerage, LLC is pleased to submit the following PRESENTATION of a PORTFOLIO of up to twenty-nine condominium units in Fort Worth, Texas, for consideration as a Real Estate Investments either as Rentals or for Resale. The units are 1 BR/1 Bath, 2 BR/1 & 2 Bath and vary in size from approximately 750 SF to approximately 1,600 SF and are in various stages of presentation. Some of the units are currently occupied as rentals. Details are in the following pages of this Memorandum. The offered properties are selected units of the 96-unit Spanish Garden Condominium project located in the 6000 block of Westridge Lane near Ridglea Hills section of Fort Worth and the Ridglea Country Club and Golf Course. The Spanish Garden project was originally constructed in INVESTMENT PROFORMA AVAILABLE UPON REQUEST. Sincerely, Elton Harwell INVESTMENT SUMMARY PRICE $680,000 NUMBER OF UNITS YEAR BUILT 1969 PROPERTY SIZE PRICE/SF AVG PRICE PER UNIT OFFERING PHYSICAL ADDRESS: UP TO 29 UNITS 28,841 SF $23.58/SF $23,448/UNIT Westridge Lane Fort Worth, Texas This MEMORANDUM has been prepared to provide a summary and to establish only a preliminary level of interest in the subject property. No information contained in any material is a substitute for a thorough due diligence investigation. INVESTMENT HIGHLIGHTS Approximately 24% of the total 96 units are Owner- Occupied Two (2) swimming pools within the complex (one currently in service) Adjacent in 2 directions to High-Scale single-family communities Abundant retail facilities within short driving distance (2-5 mi), including 2 well established shopping malls Central to major Dallas-Fort Worth thoroughfares in all directions The Property is bordered on north by a heavily wooded area on steep terrain providing an attractive barrier to the complex OFFERING SUMMARY

4 AREA OVERVIEW Fort Worth is the seventeenth-largest city in the United States and the fifth-largest city within the state of Texas. Located in North Texas and the western edge of the American South, the city is a cultural gateway into the American West and covers nearly 300 square miles (780 km2) in Tarrant, Parker, Denton, and Wise counties, serving as the seat for Tarrant County. According to the 2010 census estimates, Fort Worth had a population of 727,575. It has been estimated that by 2030 it will have 1,211,665 residents. The city is the second-largest cultural and economic center of the Dallas Fort Worth Arlington region. The city was established in 1849 as an Army outpost on a bluff overlooking the Trinity River. Today Fort Worth still embraces its Western heritage and traditional architecture and design. AREA OVERVIEW

5 SPANISH GARDENS CONDOMINIUM PORTFOLIO AERIAL

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12 WESTRIDGE LANE SUITE # FLOOR SQFT PRO FORMA INCOME ANNUAL EXPENSES TOTAL ANNUAL NET ADDRESS MONTHLY RENTAL ANNUAL GROSS TAXES HOA ANNUAL EXPENSES INCOME $ $ 7, $ $ 2, $ 3, , $ $ 7, $ $ 2, $ 3, , &2 1,347 $ $ 9, $ 1, $ 4, $ 5, , $ $ 7, $ $ 2, $ 2, , ,167 $ $ 9, $ $ 3, $ 4, , $ $ 7, $ $ 2, $ 2, , $ $ 7, $ $ 2, $ 2, , $ $ 7, $ $ 2, $ 2, , $ $ 7, $ $ 2, $ 2, , $ $ 7, $ $ 2, $ 2, , $ $ 7, $ $ 2, $ 2, , ,176 $ $ 9, $ $ 2, $ 3, , $ $ 7, $ $ 2, $ 3, , ,592 $ $ 10, $ $ 4, $ 5, , $ $ 7, $ $ 2, $ 3, , ,160 $ $ 9, $ $ 3, $ 4, , ,160 $ $ 9, $ $ 3, $ 4, , ,174 $ $ 9, $ $ 3, $ 4, , ,167 $ $ 9, $ $ 3, $ 4, , $ $ 7, $ $ 2, $ 3, , $ $ 7, $ $ 2, $ 3, , $ $ 7, $ $ 2, $ 3, , $ $ 7, $ $ 2, $ 3, , ,174 $ $ 9, $ $ 3, $ 4, , ,171 $ $ 9, $ $ 3, $ 4, , $ $ 7, $ $ 2, $ 3, , $ $ 7, $ $ 2, $ 3, , $ $ 7, $ $ 2, $ 3, , $ $ 7, $ $ 2, $ 3, , TOTALS 27,033 $ 19, $ 228, $ 16, $ 86, $ 102, , The information contained herein was obtained from sources believed reliable; however, Henry S. Miller Brokerage, LLC makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice. FINANCIAL OPERATING DATA

13 MULTI-FAMILY INVESTMENT PROPERTY SPANISH GARDENS WESTRIDGE LANE, ELTON HARWELL Senior Vice President OFFICE/INDUSTRIAL DIVISION DIRECT FAX METHODS CHANGE. PRINCIPLES ENDURE. SERVICE & INTEGRITY SINCE 1914.