197 Unit Class C+ Multi-Family Asset - Mark Kalil Unit Class C+ Multi-Family Asset ... $260 per Unit $98,500 ... east of the Greenspoint Mall and approximately one mile west of Bush

197 Unit ● Class C+ ● Multi-Family Asset

Mark Kalil & Associates, Inc.

2001 Holcombe Blvd, Suite 2506 | Houston, TX 77030 T 713.799.8700 | F 713.799.8703 | C 713.829.3765

[email protected] | www.markkalil.com

KET Enterprises Incorporated

4295 San Felipe, Suite 355 | Houston, TX 77027 T 713.355.4646 | F 713.355.4331 | C 713.628.9408

[email protected] | www.ketent.com

Collingwood Gardens ● 838 Greens Rd. ● Houston, TX 77060

PRICE/UNIT: $23,858PRICE/SF: $33.88

Units: 197 TERMS: New Loan OnlyAvg Size: 704 PRO-FORMA CAP RATE: 9.34%Date Built: 1979Rentable Sq. Ft.: 138,725Estimated Acreage: 6.37 ♦ Offered on New Loan Only!

Occupancy: 96%Class: C+

♦ Great Access to I-45, Beltway 8 and the Hardy Tollroad

♦ Property Appears to be in Good Shape

♦ Blue Collar Profile

♦ Originally Built to sell as Condo Units

♦ A Possible Exit Strategy is to Sell Individual Units♦ Has 197 Separate Legal Descriptions

For More Information Please Contact

$4,700,000

♦ Greenspoint Location at I-45 and Greens Road with Excellent Visibility and Curb Appeal

♦ Excellent Employment Base in the Improving Greenspoint Business District

INVESTMENT HIGHLIGHTS

Mark Kalil

Mark Kalil & Associates, Inc.

2001 Holcombe Blvd, Suite 2506 | Houston, TX 77030 T 713.799.8700 | F 713.799.8703 | C 713.829.3765

[email protected] | www.markkalil.com Broker License #199081

Tom Wilkinson

KET Enterprises Incorporated

4295 San Felipe, Suite 355 | Houston, TX 77027 T 713.355.4646 | F 713.355.4331 | C 713.628.9408

[email protected] | www.ketent.com Broker License #0406902


Asking Price Est Mkt Rent (Aug-13)Price Per Unit Amortization 3 Mo Avg 2013Price Per Sq. Ft. Debt ServiceStabilized NOI Monthly P & IStabilized Value Capped @ 7.% Interest RateEst Rehab/Upgrade @ $240/unit Date Due

Water Meter Master/RUBS Est. Entrepreneurial Profit Est Res for Repl/Unit/YrEst. Carry to Stabilization Prepayment Penalty

Pitched Calculation of Value Transfer Fee 1%+app+legal

PRO-FORMA INCOMECurrent Street Rent with a 7.0% Increase $108,017 / MoEstimated Gross Scheduled Income $108,017 / MoEstimated Loss to Lease (2% of Total Street Rent) 2%Estimated Vacancy (5% of Total Street Rent)Estimated Concessions and Other Rental Losses (5% of Total Street Rent) 5%Estimated Utilities IncomeEstimated Other Income $175 / Unit / YrEstimated Total Rental IncomeESTIMATED TOTAL PRO-FORMA INCOME $106,069 / Mo

3 Months 2013 Income Annualized

Fixed Expenses2012 Tax Rate & 2013 Preliminary Assessment

Owner's Actuals Estimated

$625 per Unit $653 per Unit

Gas

Total Utilities $871 per Unit $871 per Unit

Other ExpensesGeneral & Admin & MarketingRepairs & MaintenanceLabor CostsContract ServicesManagement Fees 3.61% $224 per Unit 3.50% $226 per UnitTotal Other Expense $2,159 per Unit $2,409 per Unit

Total Operating Expense $3,655 per Unit $3,933 per Unit

Estimated Reserve for Replacement $229 per Unit $300 per Unit

Total Expense $3,884 per Unit $4,233 per Unit

Net Operating Income (Actual Underwriting)

Asking PriceCap Rate

Current Debt Current Debt Amount Debt Amount

EquityCurrent Debt Service Current Debt Service Debt Service

Cash FlowCash on Cash

Current Loan Parameters

$23,858

$6,270,701

$6,199,781

Jan '13 thru Oct '13 Expenses

1,272,825

$3,655,797 $100,950$102,170

Physical Occ (Nov-13)

Operating Information

30 yrsCurrent Loan

$23,559

Yes

5.18%

Physical Information

Number of Units

$33.88Net Rentable Area

$4,700,000Avg Unit Size

Financial Information

197704

138,7256.37Land Area (Acres) $438,949

Owner's Actuals$126 per UnitTaxes

EXPENSE$1,226,036

Fixed Expenses

1979

Indiv

30.929

INCOME MODIFIED ACTUALS

Date Built Units per Acre

PRO-FORMA

Estimated Fixed Expenses

Estimated Expenses

$25,147 $128 per Unit

$47,280

$25,147

1,296,198

Est Ins per Unit per Yr

Please note that these are assessed as individual units as

townhomes at a lower rate than as apartments!

DISCLAIMER: The information contained herein has been obtained from sources that we deem reliable. We have no reason to doubt the accuracy of the information, but we have not verified it and make no guaranty, warranty or representation about it. It is your resonsibility to independentlyconfirm its accuracy and completeness. We have not determined whether the property complies with deed restrictions or any city licensing or ordinances including life safety compliance or if the property lies within a flood plain. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACHITEM OF INCOME OR EXPENSE AND PERFORM OR HAVE PERFORMED ANY INSPECTIONS TO VERIFY POSSIBLE CONTAMINATION BY ASBESTOS, LEAD PAINT, MOLD OR ANY OTHER HAZARDOUS SUBSTANCES. The owner reserves the right to withdraw this listing or changethe price at anytime without notice during the marketing period.

14.96%

$51,220

1,044,203

$213,888

$44,209$66,508

17.07%

$68,633$32,164

NOTES: ACTUALS: Income is Aug thru Oct 2013 annualized and expense is Jan 2013 thru Oct 2013. Please note the low taxes are due to the taxing authority's view that individual townhouses are taxed lower than apartments. PRO FORMA: Insurance is estimated. Taxes are 2012 rate and preliminary 2013 assessment. All other expenses are estimated. The owner is protesting the tax assessment.

$213,888

171,539

$118,403

96%

5%

156,245

9.34%

282,704

3,655,797

11/1/2014

defeasance

Property Tax Information3.05308Tax Rate (2012)

$525

$823,6702013 Est Taxes

$22,672 $115 per Unit

$282,704

3,655,797

282,704

$348 per Unit

4,700,0004,700,0009.81%

774,776

438,949

1,044,203

833,876

474,664$44,549

59,100

$163 per Unit

720,014

$338 per Unit

Other Expenses

Elec MeterRoof Style

IndivHVAC System

171,539

$601 per Unit

$499 per Unit$98,254$24,821

Insurance

$30,464 $155 per Unit

UtilitiesTotal Fixed Expense

UtilitiesElectricity $115 per Unit$22,672

123,074

NOT ASSUMABLE

765,088460,948

45,074

425,401

178,244

$338 per Unit$66,508

$500 per Unit

$23,640 2013 Prelim Tax Assessment

$103,425128,572

(25,924)(64,810)

1,296,198

1,272,82534,516

(64,810)97,655 $496 / Unit / Yr

$525 per Unit

Estimated Utilities

$30,464

$260 per Unit$98,500

$1,086 per Unit

$601 per Unit

Estimated Other Expenses

Water & Sewer

$1,086 per Unit

$155 per Unit$118,403

Collingwood Gardens ● 838 Greens Rd. ● Houston, TX 77060 Keymap: 373N

PROPERTY OVERVIEW Construction Quality: C+

Age: 1979 Access Gates Walk-In Closets Mortgage BalanceElec Meter: Indiv Cable Ready 24 Hr Emerg Maint Amortization 30 yrs Aldine ISD $1.328388A/C Type: HVAC Ceiling Fans Patios/Balconies P & I Harris County $0.400210Water: Master/RUBS Disability Access School Bus Pick-up Type Conduit Harris County Flood Control $0.028090Wiring: Copper Laundry Rooms Shuttle Route Assumable Yes Port of Houston Authority $0.195200Roof: Pitched Mini Blinds Monthly Escrow Harris County Hospital District $0.182160Paving: Concrete Outside Storage Origination Date Harris County Education Dept $0.006170Materials: Brick/Wood Perimeter Fence *Features May Vary Per Due Date 11/1/14 Lone Star College System $0.119800# of Stories: 2 Sports Court Individual Unit Interest Rate 5.18% City of Houston $0.638750Parking: Swimming Pool Prepay Penalty* Greenspoint District $0.154310Buildings: 10 W/D Connections Transfer Fee 1%+app+legal 2012 Tax Rate/$100 $3.053078Est Units/Acre: 30.93 Woodburning Fireplaces Not assumable 2013 Prelim Tax Assessment $823,670

3 Mo Avg 2013 102,170$

Nov 2012 90,037$ Dec 2012 95,032$ Jan 2013 95,848$ Feb 2013 97,331$ Mar 2013 98,038$ Apr 2013 98,184$ May 2013 92,868$ Jun 2013 94,286$ July 2013 97,094$ Aug 2013 101,002$ Sept 2013 104,426$ Oct 2013 101,081$ `

Yes

PLEASE DO NOT VISIT THE SITE WITHOUT AN APPOINTMENT MADE THROUGH THE BROKER.

PROPERTY HIGHLIGHTS

PROPERTY INFORMATION TAXING AUTHORITY - HARRIS COUNTYEXISTING MORTGAGE ACCT NO: Multiple

AMENITIES

COLLECTIONS

$3,655,797

$23,558.67

$332,513

$80,000

$85,000

$90,000

$95,000

$100,000

$105,000

$110,000

Nov 2

012

Dec 2

012

Jan 2

013

Feb 2

013

Mar 2

013

Apr 2

013

May 2

013

Jun 2

013

July

2013

Aug 2

013

Sept

2013

Oct 2

013

Disclaimer: The information contained in this Memorandum reflects material from sources deemed to be reliable, including data such as operating statements, rent roll, etc. provided by the Owner. Notwithstanding, KET Enterprises Incorporated does not make any warranties about the information contained in this marketing package. Every prospective purchaser should verify the information and rely on his accountants or attorneys for legal and tax advice. This offer is “As-Is, Where-Is”. Answers to specific inquiries will have to be supplied by the Owner and are available upon request. Rates of return vary daily. No representations are made concerning environmental issues, if any.

114

80

3

1br-1ba

2br-2ba

3br-2ba

UNIT MIX BY TYPE

UNIT MIX BY SIZE

COLLINGWOOD is a brick and wood, two story, garden-style, apartment community located in the Greenspoint submarket of northwest Houston with easy access to I-45, the Hardy Toll Road and Beltway 8. Originally built as individual townhome construction, the property is located only a few blocks east of the Greenspoint Mall and approximately one mile west of Bush Intercontinental Airport. Collingwood Gardens is located in the Tax Increment Reinvestment Zone (TIRZ #11). This program provides funds for capital improvements and financial incentives for developers to include public amenities in their projects. The asset enjoys good driveby! The property was built in 1979 and offers a variety of unique floor plan designs. Amenities include access gates and perimeter fencing, landscaped grounds, clothes care centers, walk-in closets, patios and balconies, all-electric kitchens with spacious countertops and cabinets, ceiling fans and mini-blinds. There is convenient school bus pickup. World-class dining and shopping nearby is nearby, additionally the property is close to premier theatres and entertainment, near area schools and medical facilities. A possible exit strategy is to sell of the individual units! The taxing authority views each unit as individual townhouses so the tax is lower than for apartments!

Gardens

68 46 41 39 3

563sf 588sf

863sf 888sf

1126sf

0

200

400

600

800

1000

1200

563 sf 588 sf 863 sf 888 sf 1126 sf

Collingwood Gardens ● 838 Greens Rd. ● Houston, TX 77060Source: Owner's Rent Roll UNIT MIX

Type No. Units Sq Ft Rent Total Rent Rent/SF

1br-1ba 68 563 38,284 $450 $30,600 $0.801br-1ba 46 588 27,048 $475 $21,850 $0.812br-2ba 41 863 35,383 $550 $22,550 $0.642br-2ba 39 888 34,632 $600 $23,400 $0.683br-2ba 3 1126 3,378 $850 $2,550 $0.75

Total / Avg 197 704 138,725 $512 $100,950 $0.73

Unit Mix November 2013

Total SqFt

AERIAL VIEWS


Bush Intercontinental Airport

Greenspoint Mall

From Downtown Houston take I-45 north to the Greens Rd. exit. Exit right at Greens Rd. and continue on Greens Rd. for approx 3/4 mile to the property. .


RENT COMPARABLES

1

2

3

4

5

Totals/Averages Comps 90% 249 756 $600 0.794Collingwood Gardens

838 Greens Rd.Greenspoint Submarket Averages 87% 12,770 767 $558 0.735Houston Market Avgs 92% 586,488 867 $813 0.941S = StabilizedU = Unstabilized

0.9501979

RENT COMPARABLES (Nov 2013 O'Connor & Associates) Sorted by Avg Rent/Unit

Property Name Yr Blt Occ #UnitsYr Remodeled

1979 96% 197 704 $5122002 $0.73

Avg SF Avg Rent P/SF

1981

2003 98% 232 784 $745

$510

Charleston at CityView (S) 850 Harvest Time Lane

1979 2001 84% 310 660 $587

0.800

1979 2002 88% 268 745

1984 2001 97% 154 $614

Crescent at CityView (U) 1100 Langwick

Springfield at CityView I (U) 17435 Imperial Valley Dr.

Amherst at CityView (S) 17103 Imperial Valley

Arbor Court 802 Seminar Dr.

0.620

$529 0.710

0.890

2002 85% 282 823

768

COLLINGWOOD GARDENS

1

2

3 5

4


SALES COMPARABLES

1

2

3

4

5

Totals/Averages Comps $8,260,400 256,836 $23,680 $31.38 1977 341

Collingwood Gardens838 Greens Rd.

S = Stabilized Note that a major assumption here is that the property taxes will remain at the same low level as currently in effect.U = Unstabilized

Built

SALES COMPARABLES (Sorted by Price/Sq. Ft.)

Property Name Date Sold Price Sq. Ft. Price/Unit Price/SF Units

$4,700,000 138,725 $23,858 $33.88 1979 197

1978 384

Asking 5,350,000 191,200 19,107 $27.98 1979 280

2/13 5,776,000 205,056 19,000 $28.17 1978 304

Asking 13,400,000 373,164 34,896 $35.91 1973 384

Fallbrook 201 Plaza Verde Dr

Deer Creek 16303 Imperial Valley

Mira Vista 12803 Northborough

Royal Phoenician 16900 Northchase

Casa Verde 2 Goodson Drive

Asking 7,216,000 238,560 20,500 $30.25 1979 352

Asking 9,560,000 276,198 24,896 $34.61

COLLINGWOOD GARDENS

1

2

4

3

5

SALES COMPARABLES AVAILABLE UPON REQUEST

Collingwood Gardens ● 838 Greens Rd. ● Houston, TX 77060 Area Development

Pinto Business Park, a 971 acre controlled class "A" industrial business park

located at the southwest corner of Interstate 45 and Beltway 8 in the north/northwest

submarket, has the potential to total 9 million square feet when fully built out. It is

the largest development-ready business park in Houston. The site is home to Sysco

Corporation's 585,000 square foot distribution center and is ideal for industrial,

distribution, data center or office build out. According to data from research firm

Delta Associates, vacant industrial land is a commodity in the Houston area and

industrial vacancy rates fell to 4.6 percent in the first quarter from 5.7 percent a year

ago. Pinto Park is sure to bring about new businesses. Manufacturing employment is

expected to grow as a boom in drilling activity has boosted demand for industrial and

oil field equipment.

AREA DEVELOPMENT

ExxonMobil is developing a new 20 building facility on a 385-acre site located at the intersection of US Interstate 45 and the Hardy Toll Road.

According to the Houston Business Journal, it's one of the largest construction projects under way in the United States. The buildings are in various

phases of construction, and every day more than 3,000 workers are on the site. Beginning next year, employees will start relocating to the campus in

shifts. Approximately 10,000 employees are expected to be working at the site by 2015. Some of those employees will be coming from Virginia, Ohio

and the Houston. The campus is expected to boost demand for housing, commercial development and office space nearby, strengthening the region

spanning northern Harris County and southern Montgomery County.

Hughes Landing on Lake Woodlands


♦ HUD Assumable Financing Available at 3.55% Interest, 35 Yr + MIP!

*Pictures courteousy of Cushman & Wakefield

Pinto Business Park is a 1,000 acre controlled, class

"A" industrial business park located at the southwest

corner of Interstate 45 and the North Belt, near Bush

Intercontinental Airport. The site is home to Sysco

Corporation's 585,000 square foot distribution center and

is ideal for industrial, distribution, data center or office

build out. According to data from research firm Delta

Associates, vacant industrial land is a commodity in the

Houston area and industrial vacancy rates fell to 4.6

percent in the first quarter from 5.7 percent a year ago.

Pinto Park is sure to bring about new businesses.

Manufacturing employment is

expected to grow, as a boom

in drilling activity

has boosted demand

for industrial oil field

equipment.

AREA DEVELOPMENT

Exxon Mobil Corp. is building a 20-building campus on 385 acres in north Houston near the intersection of I-45 and the Hardy Toll Road. According to the Houston Business Journal, it's one of the largest construction projects under way in the United States. The Exxon Mobil Springwood Village Campus is located approximately 6 miles northeast of the subject property, and 25 miles north of downtown Houston. The facility will accommodate up to 10,000 employees who are currently based in Houston, Fairfax and other locations such as Akron, Ohio. The complex is slated for 100% completion and full occupancy mid-2015, but workers will begin moving in early 2014. An estimated 8,000 of the Greater Houston employees will transfer to the new compound. That means many of those 10,000 will move closer to the new corporate site, and they will seek housing in The Woodlands, which sits adjacent to ExxonMobil's property, and nearby communities. Despite property value collapses in some states, the Greater Houston housing market has experienced unaltered growth.

Collingwood Gardens ● 838 Greens Rd. ● Houston, TX 77060 Sub-Market

GREENSPOINT SUBMARKET

The Greenspoint Submarket is a dynamic community approximately

15 miles north of downtown Houston and minutes from Bush Intercontinental Airport and the Port of Houston. This prime location makes the area ideal for companies conducting business locally and around the globe. Many of Houston's largest companies call this area home. The area's strengths incude:

► Easy commutes to locations throughout Houston via: Interstate 45 Sam Houston Tollroad Hardy Toll Road U.S. Hwy 59

► Exceptional IT infrastructure ► Close proximity to a diverse workforce ► Strong presence of global companies ► Incentive for developers The area is part of TIRZ #11 (Tax Increment Reinvestment Zone), which provides funds for capital improvements and financial incentives for developers to include public amenities in their projects. As a result, the area should continue to benefit from reinvestment and improvement. TIRZ #11 is contributing $8M for public improvements of the $32 million renovation of the Greenspoint Mall. STRONG EMPLOYMENT BASE

Farouk Systems US headquarters encompasses 300,000 square feet and 600 employees. Their recent expansion in Greenspoint includes a 500,000 square foot facility and 1,200 employees, as well as projecting the addition of 4,000 employees in the next few years. Exxon Mobil North American Headquarters (New Campus Development) has broken ground on their new three million square foot campus that will create approximately 36,000 jobs during construction and 44,000 permanent jobs after completion. It is projected to bring 15,000 to 17,000 employees to the immediate area. The campus will include 20 buildings totaling three million square feet. Greenspoint Business District covers 12 square miles, hosts Bush Intercontinental Airport, 4,400 business establishments, 20 major companies, and 70,000 employees. Major employers include Exxon Mobil (1,800), UPS (4,300), Baker Hughes (1,600), Halliburton (1,300), and Continental Airlines (700). There are approximately 80 energy related companies, 18 million square feet of retail, office and industrial space.

Bush Intercontinental Airport generates a $1.6 billion

impact on the local economy and a regional impact of $24.2

billion. The airport system supports $5 billion in total payroll

and 200,000 full time jobs. It's the 8th busiest airport in the

nation and is named the fastest growing airport among the

top ten major airports in the nation.

There is abundant retail near FM1960 and Interstate 45

including Home Depot, Kroger, PetSmart, Hobby Lobby,

Mercedes Benz, BMW, Conn's, Barnes and Noble, Walmart

and Sam's Club in addition to multiple retail centers, shops

restaurants and entertainment.

Collingwood Gardens ● 838 Greens Rd. ● Houston, TX 77060 Houston

1Source: Marcus & Millichap Apartment Research Market Report December 2012

. The City of Houston, the largest city in Texas and the fourth largest city

in the United States, is located on the coastal prairies of southeast

Texas and is home to a diverse array of industries and cultures.

Houston is located in Harris County, the nation’s third most populous

county. The Houston region, officially designated as the Houston –

Sugar Land – Baytown Metropolitan Statistical Area (MSA), comprises

Harris County and nine other counties: Austin, Brazoria, Chambers,

Fort Bend, Galveston, Liberty, Montgomery, San Jacinto and Waller.

The Houston MSA has a population of 5.9 million, according to new

2010 census figures, up from 5.5 million reported in the 2000 census.

The ten county metropolitan area is the fifth-largest metropolitan area

in the nation; combined with its zone of extraterritorial jurisdiction, an

area extending five miles beyond the city’s boundary, the city controls

1,906 square miles. The most urbanized portions of the Houston area

are in Harris County, the southern part of Montgomery County, and the

eastern section of Fort Bend County. Houston is home to the sixth

largest port in the world and is in close proximity to Mexico, a key

trading partner. It has a temperate climate and an affordable cost of

living. The cost of living is about 12% lower than the United States

average and overall housing costs are 25% lower than the national

average.

Houston Economy ■ 2013 NAI Rank: 13, Up 5 Places. Houston’s exceptional job growth

forecast more than offset its relatively high vacancy rate.

■ Employment Forecast: Payrolls are expected to rise 3.5 percent in

2013 with the addition of 95,600 positions. Last year, employment

grew 3.7 percent.

■ Construction Forecast: Developers will complete 8,500 units in 2013,

more than twice the 2012 total.

■ Vacancy Forecast: Vacancy in Houston will slip 30 basis points to 6.9

percent. During 2012, metrowide vacancy declined 130 basis points.

■ Rent Forecast: In 2013, asking rents will advance 4.5 percent to

$852 per month, while effective rents climb 4.8 percent to $785 per

month.

■ Investment Forecast: Class B/C demand is on the rise, but

development is imited almost entirely to Class A product. As a result,

smaller 1970s and early-1980s properties, which tend to trade at cap

rates upwards of 9 percent, should garner stronger investor attention

this year.1

.

2013 Market Outlook

Effectively, Houston’s employment cycle has entered a recovery stage and the city is expected to

remain a top performer relative to other MSA’s nationwide in the longterm. According to

Moodysanalytics.com, not only will Houston rank second in the nation in job growth between 2009

and 2014 (310,600 jobs), but Texas will boast five of the top twenty cities nationally in job

creation. As the domestic and international center for virtually every segment of the petroleum

and natural gas industries, Houston is known as the “Energy Capital of the World.” In the

Medical/Life/Sciences/Biotechnology arena, Houston's health care industry continues to boom.

The Houston Airport System is the fourth-largest airport system in the United States and sixth-

largest in the world. The Port of Houston continues to be a dominant force throughout the nation

and the world. The port has been ranked first in the United States in foreign tonnage for 10

consecutive years, first in imports for 15 consecutive years and second in total tonnage for 15

consecutive years. The Port of Houston is the sixth largest port in the world and ranks tenth in

the world for total tonnage

Economic Drivers


DEMOGRAPHICS1 Mile Radius 3 Mile Radius 5 Mile Radius

Population

2015 Total Population Projection 20,741 80,854 213,007

2010 Total Population 18,087 74,563 196,243



Spring 2010 Demographics

Total Population 18,087 74,563 196,243

Total Households 6,967 26,476 63,956

Female Population 8,897 36,726 97,240

% Female 49.2% 49.3% 49.6%

Male Population 9,190 37,837 99,004

% Male 50.8% 50.8% 50.5%

Population Density (per Sq. Mi.) 5,757.3 2,637.1 2,498.7

Age:

Median Age 26.5 27.7 29.1

Housing UnitsTotal Housing Units 10,188 32,566 74,622 Owner Occupied Housing Units 3.6% 23.1% 39.5%

Renter Occupied Housing Units 64.8% 58.2% 46.2%

Vacant Housing Units 31.6% 18.7% 14.3%

Race and Ethnicity

American Indian, Eskimo, Aleut 0.6% 0.7% 0.7%

Asian 1.9% 3.2% 5.0%

Black 42.6% 29.3% 25.6%

Hawaiian/Pacific Islander 0.3% 0.4% 0.3%

White 35.6% 46.1% 50.0%

Other 16.1% 17.5% 15.6%

Multi-Race 2.9% 2.9% 2.8%

Hispanic Ethnicity 48.6% 52.6% 51.3%

Not of Hispanic Ethnicity 51.4% 47.5% 48.7%

Educational Attainment:

Total Population Age 25+ 9,659 41,304 112,302

Grade K - 8 15.8% 17.6% 16.8%

Grade 9 - 12 16.4% 14.2% 13.7%

High School Graduate 31.9% 30.5% 29.8%

Associates Degree 5.7% 5.3% 6.0%

Bachelor's Degree 6.9% 9.5% 10.3%

Graduate Degree 3.4% 4.0% 4.2%

Some College, No Degree 19.9% 18.8% 19.2%

Household Income:

Average Household Income $40,648 $47,227 $53,016

Median Household Income $26,626 $33,821 $39,230

Per Capita Income $15,691 $16,277 $17,496

Average Household Income - Houston $70,273

Business and Employment:

Number of Employees 13,860 67,186 127,932

Number of Establishments 1,169 3,806 7,593

Ethnicity - 1 Mile Radius

Average Income Subject - 1 Mile Radius

18%

22%

1% 10%

49%

White

Black

Asian

Other

Hispanic

49%

51%

Hispanic

Non-Hispanic

$40,648

$70,273

$0

$20,000

$40,000

$60,000

$80,000

Subject Houston


FEMA MAP

Collingwood Gardens

Please Verify!


PROPERTY PHOTOS


PROPERTY PHOTOS


PROPERTY PHOTOS

Disclaimer: The information contained in this Memorandum reflects material from sources deemed to be reliable, including data such as operating statements, rent rolls, etc. However, we (KET Enterprises Incorporated, any of the Owners or officers, directors, employees, agents or representatives of any such entities) have not verified its accuracy and make no guarantee or representation about it. It is submitted subject to the possibility of errors, omissions, change of rental or other conditions. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. We make no representations or warranties, expressed or implied, as to the validity, accuracy or completeness of the information provided or to be provided, and nothing herein shall be deemed to constitute a representation, warranty or promise by any such parties as to the future performance of the Property or any other matters set forth herein. You and your tax and legal advisors should verify the information and rely on his accountants or attorneys for legal and tax advice. Rates of return vary daily. No representations are made concerning environmental issues, if any.

FOR MORE INFORMATION ON THIS PROPERTY PLEASE CALL: TOM WILKINSON, Broker (713) 355-4646 xt 102 [email protected] or MARK KALIL, Broker (713) 799-8700 [email protected]

EXCLUSIVELY PRESENTED BY

KET ENTERPRISES INCORPORATED 4295 San Felipe, Suite 355

Houston, TX 77027

Tel: (713)355-4646 Fax: (713)355-4331

www.ketent.com

and

MARK KALIL & ASSOCIATES, INC.

2001 Holcombe Blvd., Suite 2506 Houston, TX 77030

Tel: (713)799-8700

Fax: (713)799-8703

www.markkalil.com

Documents

197 Unit Class C+ Multi-Family Asset - Mark Kalil Unit Class C+ Multi-Family Asset ... $260 per Unit $98,500 ... east of the Greenspoint Mall and approximately one mile west of Bush