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1 G G E BLCK REEVELPMENT SWQ ELM G LATIMER MAIN

2 EEP ELLUM RETAILERS & RESTAURANTS EMGRAPHICS 1 MILE 3MILE 5 MILE 2018 PPULATIN 16, , , AYTIME PPULATIN 93, , , TTAL HUSEHLS 9,393 84, , AVERAGE HH INCME $86,499 $102,580 $105,096

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4 2546 ELM ST. PASS-THRU 2548 ELM ST. CMMN CRE 2550 ELM ST. ELM ST ELM ST. CMMN CRE 2556 ELM ST. SITE ANALYSIS ARESS SUITE AREA PRPSE USE 2546 ELM ST. SUITE 100 2,355 SF PASS-THRU SUITE 200 1,560 SF PATI / TERRACE 2548 ELM ST. SUITE 100 2,100 SF CAFE / BAR SUITE 200 2,100 SF RESTAURANT 2550 ELM ST. SUITE 100 2,915 SF RETAIL / MERCANTILE SUITE SF LEASE - S.B.C. L1 CRE 1,110 SF CMMN AREA SUITE 200 3,315 SF FFICE L2 CRE 898 SF CMMN AREA PASS-THRU CNNECTR STE. 101 CENTRAL CURTYAR UTILITIES TRASH VALET G LATIMER 2554 ELM ST. SUITE 100 2,042 SF RETAIL / MERCANTILE SUITE 200 2,042 SF FFICE 2556 ELM ST. SUITE 100 2,720 SF RETAIL / MERCANTILE SUITE 100 MEZZ 1,668 SF RETAIL / MERCANTILE TRASH RM 386 SF TRASH L1 CRE 1,106 SF CMMN AREA SUITE 200 3,315 SF FFICE L2 CRE 898 SF CMMN AREA SUITE 300 4,212 SF RESTAURANT L3 TERRACE 1,137 SF TERRACE L3 CRE 580 SF CMMN AREA 2501 MAIN ST MAIN ST. CURTYAR 2513 MAIN ST MAIN ST. PARKING 2501 MAIN ST. SUITE 100 6,275 SF FFICE SUITE 200 4,175 SF FFICE 2505 MAIN ST. -- 3,945 SF CURTYAR / CMMN 2513 MAIN ST ,033 SF F HALL / REST. MAIN ST MAIN ST. -- 5,308 SF PARKING TTAL 66,415 SF LEVEL 1 FLR PLAN WESTALE - G-E BLCK REEVELPMENT Preliminary esign Presentation November 1 *plans are subject to change

5 TERRACE PEN 2548 ELM ST. CMMN CRE 2550 ELM ST ELM ST. CMMN CRE 2556 ELM ST. SITE ANALYSIS ARESS SUITE AREA PRPSE USE 2546 ELM ST. SUITE 100 2,355 SF PASS-THRU SUITE 200 1,560 SF PATI / TERRACE 2548 ELM ST. SUITE 100 2,100 SF CAFE / BAR SUITE 200 2,100 SF RESTAURANT 2550 ELM ST. SUITE 100 2,915 SF RETAIL / MERCANTILE SUITE SF LEASE - S.B.C. L1 CRE 1,110 SF CMMN AREA SUITE 200 3,315 SF FFICE L2 CRE 898 SF CMMN AREA TERRACE 2554 ELM ST. SUITE 100 2,042 SF RETAIL / MERCANTILE SUITE 200 2,042 SF FFICE 2556 ELM ST. SUITE 100 2,720 SF RETAIL / MERCANTILE SUITE 100 MEZZ 1,668 SF RETAIL / MERCANTILE TRASH RM 386 SF TRASH L1 CRE 1,106 SF CMMN AREA SUITE 200 3,315 SF FFICE L2 CRE 898 SF CMMN AREA SUITE 300 4,212 SF RESTAURANT L3 TERRACE 1,137 SF TERRACE L3 CRE 580 SF CMMN AREA 2501 MAIN ST. SUITE 100 6,275 SF FFICE PEN SUITE 200 4,175 SF FFICE 2505 MAIN ST. -- 3,945 SF CURTYAR / CMMN 2501 MAIN ST MAIN ST ,033 SF F HALL / REST MAIN ST. -- 5,308 SF PARKING TTAL 66,415 SF LEVEL 2 FLR PLAN WESTALE - G-E BLCK REEVELPMENT Preliminary esign Presentation Novembe *plans are subject to change

6 TERRACE 2556 ELM ST. STE. 300 SITE ANALYSIS ARESS SUITE AREA PRPSE USE 2546 ELM ST. SUITE 100 2,355 SF PASS-THRU SUITE 200 1,560 SF PATI / TERRACE 2548 ELM ST. SUITE 100 2,100 SF CAFE / BAR SUITE 200 2,100 SF RESTAURANT 2550 ELM ST. SUITE 100 2,915 SF RETAIL / MERCANTILE SUITE SF LEASE - S.B.C. L1 CRE 1,110 SF CMMN AREA SUITE 200 3,315 SF FFICE L2 CRE 898 SF CMMN AREA 2554 ELM ST. SUITE 100 2,042 SF RETAIL / MERCANTILE SUITE 200 2,042 SF FFICE 2556 ELM ST. SUITE 100 2,720 SF RETAIL / MERCANTILE SUITE 100 MEZZ 1,668 SF RETAIL / MERCANTILE TRASH RM 386 SF TRASH L1 CRE 1,106 SF CMMN AREA SUITE 200 3,315 SF FFICE L2 CRE 898 SF CMMN AREA SUITE 300 4,212 SF RESTAURANT L3 TERRACE 1,137 SF TERRACE L3 CRE 580 SF CMMN AREA 2501 MAIN ST. SUITE 100 6,275 SF FFICE SUITE 200 4,175 SF FFICE 2505 MAIN ST. -- 3,945 SF CURTYAR / CMMN 2513 MAIN ST ,033 SF F HALL / REST MAIN ST. -- 5,308 SF PARKING TTAL 66,415 SF LEVEL 3 FLR PLAN WESTALE - G-E BLCK REEVELPMENT Preliminary esign Presentation *plans are subject to change Novembe

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8 G EXPERIENCE EEP ELLUM. The vibrant, historic district of eep Ellum is situated east of downtown allas and was founded in Known for its grit and candor, eep Ellum has been the city s hub for music and art throughout its history. Today, the area is the largest entertainment district in the region and is home to 60+ restaurants, 20+ music venues, and 30+ shops.

9 The Retail Connection provides strategic planning, tenant representation, project leasing, general brokerage, surplus property dispositions, national advisory services, as well as acquisition, development and merchant banking services. The Retail Connection currently represents over 235 retail and restaurant chains and over 25 million square feet of listings, including approximately 3 million of its own projects. The company is headquartered in allas with offices in Houston and San Antonio. Additional information on The Retail Connection, L.P. is available at theretailconnection.net. Shelley Taylor staylor@theretailconnection.net Kendall Ibsen kibsen@theretailconnection.net Westdale is one of the primary owners and managers of real estate in the eep Ellum market. The vast experience Westdale Real Estate Investment and Management brings to major markets throughout the Southwest and Southeast, together with a diverse multifamily and commercial portfolio, have made the company one of the leading real estate investment and management resources in the country. Westdale is privately held with flexible capital resources. This gives the company a variety of opportunities for growth via acquisitions. Another key factor in our continuing growth is our adaptive and creative investment strategy, which allows us to partner with a wide variety of private, institutional and public entities.

The Woodlands, TX SEQ I-45 and Highway 242

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