BUENA VISTA CONDOS 4044 BUENA VISTA STREET DALLAS, TX Curtis Hawkins Senior Director

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1 BUENA VISTA CONDOS 4044 BUENA VISTA STREET DALLAS, TX Curtis Hawkins Senior Director

Executive Summary OVERVIEW SVN Investment Sales Group is pleased to announce the exclusive listing of 17 condominiums spread among four Oak Lawn development communities of

The diverse neighborhoods are popular to young and old alike seeking a comfortable urban atmosphere with easy access to employment.

2 Executive Summary OVERVIEW SVN Investment Sales Group is pleased to announce the exclusive listing of 17 condominiums spread among four Oak Lawn development communities of Uptown, the Medical District, Turtle Creek and West Oak Lawn. Completed between , half were developed as condominiums and the others converted condominiums. The diverse neighborhoods are popular to young and old alike seeking a comfortable urban atmosphere with easy access to employment. With new development the Oak Lawn area has been mostly resistant to real estate cycles as has the rental market attractive to long term investor. The current owner has enjoyed high occupancy with little turnover. Page 2

3 Property Summary ADDRESS: 4044 Buena Vista SALE PRICE: $1,525,000 UNITS: 8 PRICE / UNIT: $191,000 RENTABLE SF: 5,299 SF HOA: $95 / Month CAP (MKT): 3.25% OCCUPANCY: DEVELOPMENT SIZE: UTILITY METERING: 1 Vacancy 32 Units Total Separate IMPROVEMENTS: 50% YEAR BUILT: 1972 ZONING: Multifamily(MF-2) Page 3

4 Additional Photos Page 4

5 Unit Mix Page 5

6 Financial Analysis Page 6

7 Regional Map 5033 N. Hall 4859 Cedar Springs 4044 Buena Vista 2525 Turtle Creek Page 7

Economic Drivers ENTERTAINMENT DRIVERS - Casual to Fine Dining - Shops, Parks, Entertainment - Katy Trail - American Airlines Center - Bishop Arts District - Deep Ellum - North

employees - Bank of America 20,000 employees - Da

8 Economic Drivers ENTERTAINMENT DRIVERS - Casual to Fine Dining - Shops, Parks, Entertainment - Katy Trail - American Airlines Center - Bishop Arts District - Deep Ellum - North Park Mall - World Class Art Museums LARGEST EMPLOYERS (>10,000 EMPLOYEES) - Wal-Mart Stores 34,000 employees - American Airlines 27,000 employees - Texas Health Resources 22,296 employees - Bank of America 20,000 employees - Dallas I.S.D. 19,470 employees - AT&T 17,000 employees - Baylor Health Care System 16,500 employees - JP Morgan Chase 13,500 employees - UT Southwestern 13,122 employees - City of Dallas 12,836 employees - HCA North Texas 12,000 employees - U.S. Postal Service 10,439 employees - Kroger 10,097 employees Page 8

DFW in the News DFW Economy Growing at a Blistering Pace : Federal Reserve 55,000 new jobs added in the first five months of 2018 June 19, 2018 Ben Russell The story of Dallas-Fort Worth has been one

9 DFW in the News DFW Economy Growing at a Blistering Pace : Federal Reserve 55,000 new jobs added in the first five months of 2018 June 19, 2018 Ben Russell The story of Dallas-Fort Worth has been one of rapid growth for the better part of the past decade. And new figures from the Federal Reserve Bank of Dallas prove that story is not likely to change anytime soon. The Dallas-Fort Worth economy has been growing at a blistering pace, with a net growth of 55,000 jobs during the first five months of 2018, according to Laila Assanie, a Senior Business Economist for the Federal Reserve. Employment expansion is broad-based, across all sectors, Assanie said, noting that the local area is seeing jobs added in the construction industry, health services, IT services, transportation and logistics and financial services. In addition, Assanie emphasized that for this rapid rate of growth to continue local employers must rely upon what has been a long trend of migration people moving to DFW from other states and countries. Our unemployment currently is near historical lows for both the state and the metro area, and so for us to keep on growing we need an influx of people, Assanie said. Six in 10 new North Texans came as a result of migration: 40 percent from other states and 20 percent from other countries. The rest of the newest local residents either came from other parts of the state, or from being born. Page 9

DFW in the News Texas Leads Nation in Job Growth for May, Says Labor Report June 19, 2018 By Merrill Hope Texas led the nation in job creation for the month of May, also marking 23 consecutive months

10 DFW in the News Texas Leads Nation in Job Growth for May, Says Labor Report June 19, 2018 By Merrill Hope Texas led the nation in job creation for the month of May, also marking 23 consecutive months of employment gains, according to the latest figures from the Texas Workforce Commission (TWC). On Friday, the TWC released its monthly labor market report showing Texas added 34,700, nonfarm jobs during May. This was more than any other state, according to U.S. Bureau of Labor Statistics. Ohio followed with an over-the-month job increase of 22,600. North Carolina boosted its employees by 21,600. Texas also topped the nation in job creation over the past 12 months from May 2017 to May The Lone Star State added 352,100 private sector jobs, reflecting an employment growth rate of 2.9 percent. California upped its workforce by 306,000; Florida added 180,200. Interestingly, in January, Keith Phillips, assistant vice president and senior economist for the Federal Reserve Bank of Dallas. anticipated that, in 2018, Texas would see job creation levels rise to 3 percent, up from 2.5 percent last year. Texas employers continue to put the world class Texas workforce to work, said Andres Alcantar, TWC chairman, in a press release. Job creation is strong in Texas. TWC statistics showed the state s service providing industry netted strong employment gains last month, up by 21,400 jobs, a 0.2 percent increase over April. (Cont d). Page 10

11 DFW in the News This included 8,100 additional employees in the education and health services sector, 4,300 jobs in professional and business services, and 3,500 added to leisure and hospitality. From May 2017 to May 2018, this sector boosted its workforce by 250,700 new hires, or 2.4 percent. Texas goods producing industries expanded by 13,300 jobs in May, a 0.7 percent increase from April. Oil and gas, listed under mining and logging, added 4,100 workers. Construction grew by 5,800 and manufacturing, by 3,400. Since May 2017, the state s goods producers enlarged their workforces by 101,400 jobs, an overall uptick of 5.7 percent. Of this, mining and logging experienced a 13 percent increase. Construction increased by 6 percent and manufacturing rose by 3.5 percent. On Monday, Michael Hicks, director of the Indiana-based Center for Business and Economic Research (CBER) at Ball State University told the San Antonio Business Journal he foresaw steady growth would make Texas a manufacturing powerhouse by the mid- 21st Century. Texas is on its way to be a manufacturing powerhouse, said Hicks. It just takes a long time to get there because manufacturing has a strong legacy component to it. CBER released its 2018 manufacturing and logistics report card last week, grading Texas above average overall in manufacturing sectors. CBER described Texas manufacturing as a $76 billion industry that accounts for 7.5 percent of the state s economy and $1 billion of total personal income. In December, Breitbart Texas reported manufacturing posted record gains, reaching its highest point in more than 11 years. Between 1997 and 2016, the state s manufacturers more than doubled the nation s economic output by 40 percent even with losses because of automation. Last year, this sector pumped $226 billion back into the state s economy and contributed $210 billion in exports. Regarding unemployment, the state held firm at 4.1 percent in May. The TWC found the Midland Metropolitan Statistical Area (MSA) recorded the state s lowest joblesness rate among Texas MSAs with a non-seasonally adjusted rate of 2.1 percent, followed by the Amarillo MSA, which had the second lowest rate of 2.6 percent. Austin-Round Rock, College Station-Bryan, Lubbock, and Odessa MSAs shared the month s third lowest unemployment rate of 2.8 percent. Major metropolitan areas like San Antonio-New Braunfels saw 3.2 percent unemployment while Dallas-Fort Worth-Arlington came in at 3.4 percent and Houston-The Woodlands-Sugar Land experienced a 4.2 percent unemployment rate. Nationally, unemployment inched down from 3.9 percent in April to 3.8 percent in May, according to the Bureau of Labor Statistics. Retail trade, health care, and construction were among the industries that trended upwards across the country. Page 11

DFW in the News 22 Dallas-Fort Worth companies make the 2018 Fortune 500 list May 21, 2018 By Arren Kimbel-Sannit, Staff Writer The Dallas-Fort Worth region is home to 22 companies on this year's

12 DFW in the News 22 Dallas-Fort Worth companies make the 2018 Fortune 500 list May 21, 2018 By Arren Kimbel-Sannit, Staff Writer The Dallas-Fort Worth region is home to 22 companies on this year's Fortune 500 list, as local energy businesses gained ground in the annual ranking of the nation's largest publicly traded firms by revenue. Irving-based oil titan Exxon Mobil one of just three companies to have held the list's vaunted No. 1 spot climbed to second place after slipping to fourth amid falling oil prices last year. The company pulled in $244.4 billion in 2017, a roughly 17 percent increase from the previous year. Retailer Walmart took the No. 1 spot for the sixth consecutive year, clearing the $500 billion revenue mark for the first time in company history. Dallas' AT&T held steady at No. 9, the only other Texas company in the top ten. Texas as a whole ranks third nationally in Fortune 500 companies, just behind California, which plays host to 49 such firms. New York held onto its No. 1 spot, with 58 corporations in the list. The Houston area had 21 Fortune 500 companies, almost all in energy, while San Antonio had four. Austin had one entry Dell Technologies, based in Round Rock. Both Fort Worth-based American Airlines, at No. 71, and Dallas-based Southwest Airlines, at No. 142, lost four spots in the shadow of climbing fuel prices, though revenues are increasing. Page 12

13 DFW in the News Texas oil companies saw a big boost in the rankings almost across the board. Energy Transfer Equity, based in Dallas, rode its $47.5 billion in revenue to No. 64, a 15-spot gain from last year's list. Oil prices have climbed over the past year, one possible explanation for the health of Texas energy companies. Oil cost less than $50 a barrel this time last year now it sits at more than $70. But it may be too early to quantify the impact of recent economic changes, said Bernard Weinstein, the associate director of the Maguire Energy Institute at Southern Methodist University. "I don't think oil prices would be reflected quite yet," he said. It's more likely that improvements at companies like Exxon come from increased profitability in their oil refining and petrochemical operations, he said. Celanese, the Irving-based chemicals company that in 2015 opened one of the country's largest methanol plants in Clear Lake, Texas, lept 29 spots and broke into the list as No Texas produced other newcomers to the ranking, such as Houston's Cheniere Energy, a producer of natural gas, at No Irving-based Pioneer Natural Resources jumped 109 spots from outside the Fortune 500 to No. 497, one of many gas companies to fire on all cylinders in light of the cheap abundance of U.S. natural gas. The future isn't as bright for legacy Plano-based department store chain J.C. Penney, which has struggled during tough times for brick-andmortar retail. The company dropped 14 spots, to 235, in this year's ranking. The retailer is the exception, however, as most Texas companies in the rankings did well, especially those clustered around Dallas and Houston. On average, Texas firms moved at least 20 spots up. Page 13

14 DFW in the News Here are the D-FW companies that made the list and their ranks: 2. ExxonMobil 9. AT&T 64. Energy Transfer Equity 71. American Airlines Group 142. Southwest Airlines 147. Tenet Healthcare 153. Fluor 163. Kimberly-Clark 192. Texas Instruments 206. Holly Frontier 211. D.R. Horton 235. J.C. Penney 297. Jacobs EngineeringGroup 322. Game Stop 362. Dean Foods 365. Alliance Data Systems 397. Yum China Holdings 400. Builders First Source 418. Dr. PepperSnappleGroup 455. Celanese 497. PioneerNaturalResources 499. Vistra Energy Page 14

15 LifeMode Group: Uptown Individuals Page 15

16 LifeMode Group: Uptown Individuals Page 16

17 LifeMode Group: Uptown Individuals Page 17

Advisor Bios Curtis Hawkins Vice President SVN Investment Sales Group Curtis specializes in investment real estate in the Oak Lawn, Uptown, East Dallas, Oak Cliff and Park Cities areas of Dallas.

18 Advisor Bios Curtis Hawkins Vice President SVN Investment Sales Group Curtis specializes in investment real estate in the Oak Lawn, Uptown, East Dallas, Oak Cliff and Park Cities areas of Dallas. His clients are mostly hands-on private investors buying and selling apartment buildings, warehouses, office buildings and multifamily developments. License #: Phone: Fax: Address: 6320 LBJ Frwy. Suite 228 Dallas, TX He has been fortunate to have two careers, one in technology sales and the other in commercial real estate. Immediately after college he held positions in engineering, management and sales but grew interested in commercial real estate and began investing and brokering in the evenings and on weekends. He later left the corporate world to sell commercial real estate funded by his own real estate investments. With the Texas real estate downturn in the mid-eighties, Curtis returned to Nortel Networks enjoying many years of success achieving the company s highest sales award, Salesman of the Year, grossing over $42 million in sales. In 2006, Curtis returned to commercial real estate full time to focus on income producing properties. He frequently finds himself in underwriting roles assisting clients with valuation analyses and market information to uncover pockets of opportunity. One client wrote Curtis is a professional. His marketing packages are excellent, he is accessible and he stays close to the sale from beginning to end. He has a Mechanical Engineering degree from the University of Arkansas and worked toward an MBA in Finance at SMU. He has been called upon to speak at regional sales meetings and seminars throughout the U.S. and Canada. Besides Nortel Networks, his past employers included IBM, Vought Aeronautics, AT&T, Lucent Technologies and Cushman & Wakefield. Volunteer work includes: Our Friends Place property committee, Operation Kindness Animal Shelter and the University of Arkansas MBA Mentoring Program. Page 18

19 Disclaimer The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstance, be photocopied or disclosed to any third party without the written consent of the SVN Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this brochure, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor. Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of those materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto. To the extent Owner or any agent of Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk. Page 19

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22 Buena Vista River Oaks Turtle Creek Gardens Westbury Park 22

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