A R L I N G T O N • T E X A S

O F F E R I N G S U M M A R Y

INVESTMENT OVERVIEW 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 404 Border (the “Property”), a unique, newly constructed asset located in Arlington,

Texas. Built in 2016, the 135-unit Property is strategically positioned in the heart of Downtown Arlington, equidistant to both Dallas and Fort Worth. In addition,

404 Border is adjacent to the University of Texas at Arlington, the fourth largest university in Texas, and is just minutes from the only Whole Foods in Arlington.

Furthermore, 404 Border is situated in the largest entertainment district in North Texas with venues including AT&T Stadium, Globe Life Park, Six Flags Over

Texas, Six Flags Hurricane Harbor, and the $1.25 billion master-planned, mixed-use Texas Live! development. With its prime, central location, new ownership

is afforded the opportunity to capitalize on the tremendous momentum in the area and further increase rental rates.

NEWLY BUILT, CLASS “A” ASSET WITH TREMENDOUS LEASE UP –

Completed in 2016, 404 Border is the first conventional apartment

development in Arlington since 2003. The Class “A” asset offers beautiful

community amenities and interior finish outs that are not typically found in the

Arlington market including granite countertops, stainless steel appliances,

faux wood floors, and tile backsplashes. Demand for higher quality product

in the market was evident by the fact that 126 units were leased without the

Property having a clubhouse, and 86 units (64%) were leased before the

Property was delivered.

ADJACENT TO UNIVERSITY OF TEXAS AT ARLINGTON – 404 Border

benefits from its immediate proximity to the University of Texas at Arlington

(“UTA”), the fastest growing university in Texas. Since 2008, enrollment at

the university has increased by 58% to nearly 40,000 students. Because UTA

does not have a “live-on” campus policy, only 9% of the student population

lives on campus leaving strong demand for new product. UTA continues to

invest in its campus to keep up with its expansive growth with major recent

projects such as the $150 million Engineering Building, $160 million College

Park District, and the $125 million Science, Engineering Innovation, and

Research building. Potential investors have the opportunity to operate 404

Border as a conventional multifamily community or convert the Property to

a student housing asset.

THE ENTERTAINMENT DISTRICT OF DALLAS/FORT WORTH – Arlington

is home to the largest entertainment concentration in North Texas with the

Property located just minutes away from major professional sports and

theme park destinations.

• AT&T Stadium is the $1.15 billion, world-class home of the Dallas

Cowboys and host of major events and concerts

• Globe Life Park is the current home of the MLB Texas Rangers and

generates more than 2.7 million annual visitors

• Six Flags Over Texas, a 212-acre theme park, and Six Flags Hurricane

Harbor, a 47-acre water park, bring in over 4 million annual visitors

FUTURE, WORLD-CLASS MIXED-USE DEVELOPMENT — Arlington

recently announced plans for the new Texas Rangers ballpark as part of the

Texas Live! development. The $1.25 billion mixed-use project is projected

to deliver in 2020 and will include the new baseball stadium, more than

200,000 square feet of restaurants, retail, entertainment, as well as a new

302-room Loews Hotel.

DOWNTOWN ARLINGTON REVITALIZATION RESULTING IN WALKABILITY —

In recent years, Downtown Arlington has expanded rapidly with several new

restaurants and businesses, and as a result, 404 Border receives a Walk

Score rating of 71. Recent projects such as Block 300, as well as the Urban

Union mixed-use project have helped reshape the Downtown Arlington area

bringing in tenants that include Division Brewing, Hooligan’s Pub, Flying

Fish, Fuzzy’s Tacos, Legal Draft Beer Co., Mellow Mushroom Pizza, On Tap:

Growler & Tap Room, Twisted Root Burger, and more.

ABUNDANCE OF NEIGHBORING EMPLOYMENT — 404 Border is in close

proximity to several major employment centers including:

• The University of Texas at Arlington employs 5,300 people and has

an academic staff of 2,165

• The General Motors Assembly Plant, consisting of 4.1 million square

feet, has more than 4,100 employees

• The Great Southwest Industrial Park, one of the largest industrial

submarkets in Texas, spans more than 100 million square feet of

industrial space and employs over 60,000 people

• DFW Airport is the third busiest airport in the world and supportive of

over 228,000 jobs

INVESTMENT HIGHLIGHTS

UNIT MIXUnits Unit Description % of Total SF Market Rent Market Rent per SF Effective Rent Effective Rent PSF

6 Studio 4% 561 $950 $1.69 $925 $1.65

57 One Bedroom 42% 657 $1,128 $1.72 $1,108 $1.69

72 Two Bedroom 53% 959 $1,508 $1.57 $1,497 $1.56

135 100% 814 $1,323 $1.63 $1,311 $1.61

PROPERTY DESCRIPTION

DFW ECONOMIC OVERVIEW

N. ARLINGTON APT. MARKET OVERVIEW

129,700 NEW JOBS ADDED DURING YEAR-ENDING MAR. ‘16

578,590 PROJECTED POPULATION GROWTH FROM 2017 — 2021

260,730 PROJECTED NEW JOBS CREATED FROM 2017 — 2021

96.2% OCCUPANCY AS OF 1Q 2017

RENT GROWTH SINCE 1Q169.2%

6.2% FIVE YEAR AVERAGE RENT GROWTH

COMMUNITY FEATURES

• Resort-style pool with cabanas

• Sky Box rooftop lounge

• Outdoor social areas with barbeque grills

• State-of-the-art fitness facility

• Coffee bar

• Business center with MAC/PC computers

• Direct and indirect garages

• Dog park

• Carports

• Valet trash pick-up

• Elegant clubhouse

• ENERGYSTAR® electric stainless steel appliances

• Granite countertops

• Wood-style flooring

• 9’ ceilings

• Kitchen islands

• Track and pendant lighting

• Contemporary fixtures

• Breakfast nooks

• Separate showers with glass enclosures*

• Full-size washer/dryer connections

• Exterior storage available

• Built-in bookshelves and computer desks*

• Private patios and balconies*

• Ceiling fans in living and bedrooms

• French doors*

*in select units

UNIT FEATURES

ADDRESS: 404 E Border St.

Arlington, Texas 76010

YEAR BUILT: 2016

CURRENT OCCUPANCY: 91.1% (as of 6/6/17)

TOTAL UNITS: 135

AVERAGE UNIT SIZE: 814 square feet

RENTABLE SQUARE FOOTAGE: 109,881 square feet

NUMBER OF BUILDINGS: 1

NUMBER OF STORIES: 5

LAND AREA: 2.852 acres

DENSITY: 47 units per acre

PARKING: 70 carport spaces ($50 / month)

16 garages ($150 / month)

88 open surface spaces

174 total parking spaces or 1.29 spaces/unit

ADDITIONAL INFORMATION

EAST ABRAM STREET

S. COLLINS ST.

UTA BOULEVARD

DIVISION ST.

SOUTH CENTER STREET

GENERAL MOTORS ASSEMBLY PLANT- 4,125 EMPLOYEES

- $1.25 BILLION DEVELOPMENT

HOME OF THE TEXAS RANGERS

HOME OF THE DALLAS COWBOYS

MEADOWBROOK PARK GOLF COURSE

DOWNTOWNARLINGTON

ARLINGTONCITY HALL

FORT WORTH CBD(15 MILES)

CENTREPORT BUSINESS PARK- 1,300 ACRES

- MORE THAN 20,000 EMPLOYEES- 100+ COMPANIES

GREAT SOUTHWEST INDUSTRIAL PARK- 7,000+ACRES

- OVER 105 MILLION SQUARE FEET

DALLAS CBD(19 MILES)

JPMORGAN CHASE BANK TOWER267,258 SF

98.6% LEASED

39,714 STUDENTS2,165 ACADEMIC STAFF

420 ACRES

LINCOLN SQUARE306,608 SF RETAIL

360TEXAS

- 3RD BUSIEST AIRPORT IN THE WORLD- 228,000 JOBS

For questions or additional information regarding this property, please contact any of the

individuals below.

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

BRIAN KELLY Managing Director | bkelly@hfflp.com | 312.980.3605

GREG TORO Director | gtoro@hfflp.com | 469.232.1995

MIKE HIGGINS Associate Director | mhiggins@hfflp.com | 312.528.3657

WILLIAM JENNINGS Senior Real Estate Analyst | wjennings@hfflp.com | 469.232.1998

ADAM KRAUS Real Estate Analyst | akraus@hfflp.com | 469.232.1942

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

DE’ON COLLINS Director | dcollins@hfflp.com | 469.232.1953

One Victory Park

2323 Victory Avenue | Dallas, TX 75219

Tel: 214.265.0880 | Fax: 214.265.9564

www.hfflp.com

©2017 Holliday Fenoglio Fowler, LP (“HFF”) and HFF Securities LP (“HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 24 offices nationwide and is a leading provider of commercial real estate and capital markets 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.

OFFERING: 404 Border is being offered on a free and clear basis

OFFER DATE: TBD

TIMING: All submissions must include specific timing related to

Due Diligence and Closing time periods

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