Oldham Goodwin's Commercial Quarterly | 2nd Quarter 2010

Commercial Quarterly Retail • Office • Industrial • Multifamily • Land • Hospitality

Commercial Real Estate Quarterly Review

2nd Quarter

2010

www.OldhamGoodwin.com

Commercial Quarterly 2nd Quarter 2010

Brokerage Division Profile About Us The Oldham Goodwin Group, LLC was formed in early 2004 as a commercial real estate brokerage firm. A short time thereafter, the company launched the commercial real estate management division. Early brokerage and management efforts centered on small multifamily and commercial projects, however it became apparent that an opportunity existed to serve larger institutional grade investments in underserved markets similar to Bryan/College Station. Encouraged by early achievements, The Oldham Goodwin Group expanded its line of brokerage and management services throughout the region and soon began to grow into a team of highly skilled and specialized brokers and managers.

In 2006, having experienced success as a commercial real estate brokerage and management company. The company was able to expand into the commercial development and hospitality management arena. Two years later, the management division grew its hospitality portfolio to include hotel partnerships with the most prestigious select service brands including Hyatt, Hilton, Marriott, Best Western, Wyndham and Intercontinental Hotels.

Today, The Oldham Goodwin Group has grown into a robust integrated commercial real estate firm offering brokerage, development and management services to emerging markets throughout the country. Headquartered in College Station, Texas, The Oldham Goodwin Group currently employs over 300 employees and has approximately $300 million in assets under management. The Oldham Goodwin Group currently provides integrated and highly specialized commercial real estate services for a variety of commercial property types including land, hotels, multifamily, retail, office, industrial, mixed-use and self-storage properties.

About the Cover: Crystal Park Plaza is a true multi-story Class “A” professional office building in College Station, Texas. This ~93,822 SF office building, built in 1984, has seen multiple upgrades throughout the years in order to sustain its Class “A” status & reputation. Crystal Park Plaza is located near Emerald Parkway at the intersection of Highway 6 & Harvey Mitchell Parkway (FM 2818). Crystal Park Plaza offers a wide range of space configurations & sizes, panoramic views, spacious common areas & an abundance of parking for all tenants. For more information, visit www.OldhamGoodwin.com.

Property Highlights:

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Class “A” Professional Office Building Wide Range of Suite Configurations Exceptional Views And Ground Level Parking Convenient Access To An Outstanding Mix Of Restaurants, Retail, Medical & Office Convenient Access to Highway 6 Key-Card Controlled Access Attractive Full-Service Gross Leases On-Site Storage Available For Tenants

Editor & Graphic Design: Dale Sandlin

Volume 2, Issue 2

© 2010 The Oldham Goodwin Group, LLC. The information herein has been obtained from sources deemed reliable. Although we believe it to be accurate, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any values, projections, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction depends on tax and other factors, which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Stock photos from Microsoft Clip Art Gallery.

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979.268.2000 • www.OldhamGoodwin.com

Commercial Quarterly

2nd Quarter 2010

Property Items Explained Featured Properties

3001 Earl Rudder Freeway | College Station

Location/Name: This box describes the address and city or the name of the available property.

New Listing

Property Status: This box descirbes whether the property is a New Listing, Sold or 100% Leased.

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Property’s Description: This box explains the property’s features.

Over 53,600 SF of Gross Building Area • Situated on 16.6 Acres at the Southeast corner of SH-6 and Emerald Parkway • Excellent location with over 650 linear feet of frontage on SH-6

Property’s Map Location: This icon indicates the property’s approximate location on the map.

Visit www.OldhamGoodwin.com

979.268.2000 • www.OldhamGoodwin.com

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Commercial Quarterly 2nd Quarter 2010

Bryan/College Station Commercial Real Estate Market Overview Nearly midway through 2010, the Bryan/College Station commercial real estate market continues to show stability and in some instances vibrant growth. With the uncertainty and instability of the market in 2009, most investment property owners are hoping that the dust has settled and are actively trying to put their finger on the pulse of the market. In order to understand current market trends, investors need to assess their property values with new market conditions, analyzing new investment opportunities and understanding how to navigate the challenging capital markets.

Being actively involved in the acquisition and disposition of retail, office and light industrial real estate in the Bryan/College Station market has led me to the opinions that are offered below.

Valuation: Where does my property stand?

Contrary to what we witnessed in 2009, Retail and Office real estate values seem to have stabilized in 2010. While underwriting requirements are still stringent, many local and regional banks were relatively aggressive in pursuing investment property loans in the first half of 2010. In addition, investors have become more decisive and expressed less uncertainty about the overall economy. Further, many real estate investors see the Bryan/College Station commercial real estate market as one that offers stability when compared to more volatile primary markets. The stabilized demand, less economic uncertainty, and slightly loosened capital markets have relieved some downward pressure on values for the time being.

Transactions: What is selling and who is buying?

In 2009, sales activity for retail and office investment properties in Bryan/College Station was equally as slow as most any real estate market in Texas. However, Bryan/College Station has resurfaced on the investment communities’ radar as a safe bet for retail and office assets. The ratio of contemplated transactions to

actual closings is still high, but the pursuit of acquisitions does exist, which is promising by itself alone. Transactions valued at less than $1,500,000 have continued to occur as they did in 2009, but the market has also shown an appetite for professional office and medical office assets between $3 and $5 million.

Despite a relatively strong local economy, end user or owner-occupant purchases have been few and far between. It is certainly not for a lack of financing as most local lenders are proactively pursuing opportunities to finance owner-occupied purchases. The downtick is most likely attributable to the softening of the Bryan/College Station professional office market over the last 18 months. The softening has put significant downward pressure on rental rates and made terms much more favorable for tenants.

Most tenants have been content to renegotiate and extend leases at significantly lower rates as opposed to buying or building a new facility.

Capital Markets: Where is the money?

Local community and regional banks continue to be the most reliable source for financing in the local commercial real estate market. The community and regional banks have taken advantage of the market share made available by larger institutions such as Wells Fargo and Citibank. Much like 2009, creditworthy buyers continue to secure financing through local banking relationships.

These local institutions are aggressively pursuing opportunities to finance acquisitions in exchange for the business owner’s or investor’s operating accounts. In addition, governmental loans through the SBA and USDA have become more popular sources for financing.

With these factors at play, the commercial real estate market is an ever-changing landscape. Now more than ever, it is important to seek the help of a professional in the industry before acquiring Retail, Office, or Industrial real estate. If you are an investor looking to maximize returns in the current market, a small business seeking to acquire a larger facility, or a seller looking to maximize your proceeds in a soft market, the Commercial Group at The Oldham Goodwin Group, LLC is committed to providing you with unparalleled local market knowledge and specific commercial real estate expertise. Please call me to discuss your commercial real estate needs at (979) 268.2000 or direct at (409) 781.7734.

Clinton D. Oldham

Senior Broker Associate - Commercial Group c 409.781.7734 clint@OldhamGoodwin.com

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979.268.2000 • www.OldhamGoodwin.com

Commercial Quarterly

2nd Quarter 2010

Commercial Properties For Sale 12785 FM 2154 | College Station

New Listing

1404 W. Villa Maria | Bryan

3001 Earl Rudder Freeway | College Station

New Listing

New Listing

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New High Quality Construction, Built In 2002 • Five (5) Self Service Bays, Five (5) Vacuum Bays, And One (1) Automatic Drive Through Bay • Well Established And Growing Customer Base

New High Quality Construction, Built In 2005 • Five (5) Self Service Bays, Five (5) Vacuum Bays, And One (1) Automatic Drive Through Bay • Well Established And Growing Customer Base

Over 53,600 SF of Gross Building Area • Situated on 16.6 Acres at the Southeast corner of SH-6 and Emerald Parkway • Excellent location with over 650 linear feet of frontage on SH-6

2100 William J. Bryan | Bryan

2617 South Texas Avenue | Bryan

3310 Longmire | College Station

New Listing

New Listing

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Well Maintained, Property In Overall Great Condition • Great Visibility & Exposure To High Traffic Counts • 7 Offices With A Very Large Reception Area

New Listing

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Turn Key Dry Cleaning Plant Facility • Approximately 15,597 SF On 0.8724 Acres • Excellent Location With Texas Avenue Frontage

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Priced Competitively At Only $110.50/ SF • Property Is Part Of The Professionally Managed Longmire Business Park • ~7,000 SF With Over 4,000 SF Of Available Office Or Medical Space

RECENT TRANSACTIONS For More Information Contact:

Clinton D. Oldham

Oldham Goodwin represented the buyer in the acquisition of a 2,846 SF Retail Building near Blinn College

Oldham Goodwin represented the buyer in the acquisition of a 8,174 SF Office Building near Texas A&M University

Senior Broker Associate Commercial Group p 979.268.2000 f 979.846.7020 c 409.781.7734 clint@OldhamGoodwin.com

979.268.2000 • www.OldhamGoodwin.com

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Commercial Quarterly 2nd Quarter 2010

Commercial Properties For Sale United Plaza | College Station

Market Square Shopping Center | Brenham

Bryan Medical Center | Bryan

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Great opportunity for Investor or Owner Occupier in an irreplaceable location • Significant upside with lease-up of vacant suites • Tremendous location close to Texas A&M University • Easy access from several major thoroughfares

High Quality Medical Building Adjacent To St. Joseph Regional Hospital • 10 Year NNN Lease With St. Joseph’s For First Floor • Energy Management Systems And Key Card Entry • Ideal For Medical Practitioner Owner Occupant

~79,686 SF With Adjacent Pad Site • JC Penney Anchored Neighborhood Shopping Center • Potential Redevelopment Opportunity With Availability Of Grocery Box • Good Mix Of Local & National Tenants

3850 Corporate Center Drive | Bryan

Downtown Bryan Flex Space | Bryan

Guaranty Bank Building | Bryan

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Located In Class “A” Park Hudson Business Park • Shell Conditions Lends Itself To A Custom Office Finish Out • Convenient Access To University Drive & SH 6 South • Architectural Controls & Deed Restrictions

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~10,000 SF Office Warehouse Facility • Central Downtown Bryan Location • Fully Climate Controlled Warehouse & Shipping Area • 3 Phase Power With 1,200 Amp Service

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Well Maintained, Property In Overall Great Condition • Great Visibility And Exposure To High Traffic Counts On Texas Avenue • Ingress And Egress From Multiple City Thoroughfares

RECENT TRANSACTIONS For More Information Contact:

Clinton D. Oldham

Senior Broker Associate Commercial Group p 979.268.2000 f 979.846.7020 c 409.781.7734 clint@OldhamGoodwin.com

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Oldham Goodwin represented the buyer in the acquisition of the 4,971 SF Garden District Building

Oldham Goodwin represented the buyer in the acquisition of a 2,840 SF Office Building

979.268.2000 • www.OldhamGoodwin.com

Commercial Quarterly 601 S. Texas Avenue | Bryan

805 S. Texas Avenue | Bryan

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Park Hudson Lots | Bryan

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Highly visible property with excellent frontage on Texas Avenue • Glass storefront with large lobby and showroom area • Approximately 19,000 SF of office and shop space • Multiple drive through shop bays with roll up doors

~8,650 SF Metal Showroom Warehouse • Ready To Open Body Shop, All FF&E To Convey • Excellent Retail Location On Texas Avenue • Over 1.4 Acres With Ample Yard Space

4444 Carter Creek, Suite 110 | Bryan

3010 East Villa Maria | Bryan

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Professionally Managed Owners Association • Quality Finish Out In Excellent Condition • Usable Floorplan With Large Offices And Workstations

2nd Quarter 2010

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New quality construction, built in 2008 • Modern open area office floor plan, high exposed ceilings • Stone/Stucco exterior with glass storefront • Convenient access to several major thoroughfares • High growth area of Bryan

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Ready To Develop Office Tracts In Upscale Park Hudson • All Utilities Available To Site • ~39,640 – 54,014 SF • Architectural Controls And Deed Restrictions

The Commercial Group would be delighted to have the opportunity to discuss our services with investors, end users, and owner’s of Retail, Office and Industrial properties.

Clinton D. Oldham Senior Broker Associate Commercial Group 409.781.7734 clint@OldhamGoodwin.com

RECENT TRANSACTIONS For More Information Contact:

Clinton D. Oldham

Oldham Goodwin represented the seller in the disposition of a 121,689 SF Multi-Tenant Business Park

Oldham Goodwin represented the buyer in the acquisition of a 3,437 SF Office Building

Senior Broker Associate Commercial Group p 979.268.2000 f 979.846.7020 c 409.781.7734 clint@OldhamGoodwin.com

979.268.2000 • www.OldhamGoodwin.com

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Commercial Quarterly 2nd Quarter 2010

Where Are We Headed?

Texas Land Market Outlook For 2010 & Beyond While commercial development has slowed significantly over the last couple of years and credit is harder to come by, there are still several factors that point to a promising future for the value of all land types in the Bryan/College Station area and throughout Texas.

The State of Texas has historically maintained some of the most affordable housing in the United States and the cost of living statewide remains very low when compared to the rest of the country. Combine these points with the fact that Texas collects no income tax, and we see a market that is becoming more and more attractive as a haven for transplants from other states with higher living costs and rising income tax rates. All things considered, it would appear that the State of Texas and emerging secondary markets like Bryan/College Station are headed for a population boom over the next 20 years.

significantly. One would assume that with a huge drop in the number of transactions, we would see a sharp decline in price, but the contrary appears to be true. Rural land prices in Texas continued a steady rise through the end of 2008, and experienced only a minimal correction in 2009, due mostly to a number of distressed sales and some moderate discounts as owners attempted to cash out ahead of an expected upward movement in the capital gains rate going forward. Another factor that has helped stabilize the value of rural land prices in Texas has been the recent energy boom in various parts of the state. Recent deep shale bed discoveries in various portions of the state including North and South Texas have helped to stabilize a number of rural economies and curb the appetites of property owners in those areas to sell property at any price other than a premium. However, while the current rural market in Texas does remain relatively healthy, we shouldn’t expect to see any significant appreciation in the short term as the market continues to digest the rapid acceleration of rural values that we experienced from 2003 to 2007. In a nutshell, rural land assets in Texas remain stable and look to be a secure investment as we move forward.

Commercial land assets have seen a marked decrease in demand over the course of the past year, largely due to economic factors and an increase of vacancy rates in existing developed inventory. This has been especially true in some of the larger markets where retail and office inventory is in a state of increasing oversupply, as vacancy rates continue to rise. In spite of this, commercial development land remains a finite product and solid investment when purchased at sensible prices. Commercial development land, especially in emerging markets like Bryan/College Station, should continue to be a viable investment option with a respectable return for years to come.

According to James P. Gaines, Looming Boom: Texas Through 2030, the population of Texas currently sits at approximately 23 million people and recent studies conducted by the U.S. Census Bureau and State of Texas demographers reveal that our population is expected to increase to approximately 29 million people by the year 2020 and approximately 35 million individuals by 2030. Should these estimates hold true, there will undoubtedly be some rather significant implications on the value of both rural and commercial properties, throughout Texas.

After a huge increase in value and transactions from 2003 to 2007, the Texas rural land market experienced a marked decline in the number of sold transactions in 2008 and 2009. With the contraction of our economy and the heavy restrictions placed on lending institutions by the federal regulators, we have seen the pool of buyers for recreational and agricultural properties shrink

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Opportunities still exist in both acquiring and disposing of land assets in Bryan/College Station and throughout Texas. Land has always proven to be a predictable and relatively inflation proof asset. There is certainly no reason to believe that this should not continue to be the case, even in the midst of the uncertain economic times we face.

The Land Group at the Oldham Goodwin Group specializes in the acquisition and disposition of both rural and recreational property across the state of Texas. We would appreciate the opportunity to speak with you about our services. Please call me to discuss your commercial real estate needs at (979) 268.2000 or direct at (979) 777.4641.

Vernie D. Bodden

Senior Sales Associate - Land Group c 979.777.4641 vernie@OldhamGoodwin.com

979.268.2000 • www.OldhamGoodwin.com

Commercial Quarterly

2nd Quarter 2010

Urban Land For Sale ~53 AC on Highway 290 | Waller

New Listing

36.7 AC on Highway 6| College Station

Hotel & Conference Center | College Station

New Listing

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New Listing

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Regular Shape & Topography, Suitable For Development • Convenient Access to US 290 • Less Than 30 Minutes To Houston’s Metropolitan Area • Good Visibility & Paved Road Frontage • Situated Along High Growth Corridor

Centrally Located On Highway 6 In College Station • All City Utilities Available • Level Topography Suitable For Development • Excellent Visibility & Accessibility Tremendous Amount Of Highway 6 Frontage

5 Floors • 167 Guest Rooms • ~23,000 SF Conference Center Building • ~400 LF Of Frontage Along Texas Avenue With Potential For More Additional Frontage Along Milliff Road • 3.956 Acres Of Prime Land

4.76 AC on Highway 21 | Caldwell

Boonville Town Center-Tract A | Bryan

Boonville Town Center-Tract B | Bryan

New Listing

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Located At Lighted Intersection On Highway 21 • Highly Visible Hard Corner • Adjacent To Proposed Nationally Flagged Hotel • Close Proximity To Highway 36 & Highway 21 Intersection

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Planned Commercial Development Ideal For Restaurant • Exceptional Location & Visibility • Next To New IHOP • ~70,000 Vehicles Per Day On Highway 6

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Planned Commercial Development Ideal For Retail Or Bank • Exceptional Location & Visibility • Architectural Controls • Great Neighborhood Corner

RECENT TRANSACTIONS For More Information Contact:

Jesse C. Durden

Oldham Goodwin represented the seller in the disposition of a ~617 AC recreational tract

Oldham Goodwin represented the seller in the disposition of a ~2.4 AC tract on Autumn Lake Drive

Senior Sales Associate Land Group p 979.268.2000 f 979.846.7020 c 979.492.0425 jesse@OldhamGoodwin.com

979.268.2000 • www.OldhamGoodwin.com

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Commercial Quarterly 2nd Quarter 2010

Urban Land For Sale Boonville Town Center-Tract C | Bryan

Boonville Town Center-Tract D | Bryan

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2.3 AC on Arrington Road | College Station

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Planned Commercial Development Ideal For Multifamily Use • Exceptional Location & Visibility • Great Value On Interior Lot • Deed Restrictions

Planned Commercial Development Ideal For Restaurant or Retail • Exceptional Location & Visibility • ~70,000 Vehicles Per Day on Highway 6

Planned Commercial Development Ideal For Restaurant or Retail • Exceptional Location & Visibility • ~70,000 Vehicles Per Day on Highway 6

~6 AC on Associates Avenue | College Station

~12.69 AC on S. Ranch Road 620 | Austin

~.95 AC on Texas Avenue | College Station

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Commercial Development • Quick Access To Highway 30 & SH 6 • Office/ Warehouse Users • Preliminary Site Plan & Master Preliminary Plat Created

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Highly Visible On Ranch Road 620 • Located In The High Growth Community Of Lakeway, Texas • Located Adjacent To New Lakeway Regional Medical Center • Ideal For Medical Office Or Assisted Living Facility

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~.95 Acres On The Corner Of Redmond Drive & Texas • Prime Commercial Corner In The Heart Of College Station • Within ½ Mile Of Texas A&M University • All Utilities Available To Site

RECENT TRANSACTIONS For More Information Contact:

Vernie D. Bodden

Senior Sales Associate Land Group p 979.268.2000 f 979.846.7020 c 979.777.4641 vernie@OldhamGoodwin.com

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Oldham Goodwin represented the seller in the disposition of a ~1.27 AC tract to an IHOP Franchisee

Oldham Goodwin represented the seller in the disposition of a ~1.57 AC tract to Walgreens

979.268.2000 • www.OldhamGoodwin.com

Commercial Quarterly

2nd Quarter 2010

Urban Land For Sale ~10 AC on FM 2818 | Bryan

2112 W. Briargate Drive | Bryan

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~3.72 AC on Texas Ave | College Station

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Located In Close Proximity To Texas A&M University • In Close Proximity To New Texas A&M Health Science Center • Ideal For Neighborhood Strip Retail Development • All Utilities Available

Well Situated & Highly Developable • In High Growth Corridor Of Northeast Bryan • All Utilities Available • Ideal For Restaurant Or Carwash User

Great Commercial Tract Centrally Located In College Station • Access From Texas Ave & Morgans Lane • Ideal For Hotel Or Office Development • All City Utilities Available

~3.92 AC on N. Earl Rudder Fwy | Bryan

~.96 AC on William D. Fitch | College Station

19.236 AC on Greens Prairie | College Station

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Highly Developable Commercial Tract • Located In High Growth Corridor Of Northeast Bryan • Highly Visible • Access From 2 Roads • Ideal For Office Development Or Car Lot

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Located Directly On State Highway 40 (William D. Fitch Parkway) • Adjacent To Highly Successful Office Development • In Close Proximity To Many Subdivisions

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Extremely Rare Large Tract Platted For Multifamily Development • Adjacent To Highly Successful Multifamily Project • Quick Access To FM 2154 (Wellborn) & State Highway 40

RECENT TRANSACTIONS For More Information Contact:

Jesse C. Durden

Oldham Goodwin represented the buyer in the acquisition of a ~15 AC tract on Earl Rudder Freeway

Oldham Goodwin represented the buyer in the acquisition of a ~17 AC tract in Tower Point Development

Senior Sales Associate Land Group p 979.268.2000 f 979.846.7020 c 979.492.0425 jesse@OldhamGoodwin.com

979.268.2000 • www.OldhamGoodwin.com

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Commercial Quarterly 2nd Quarter 2010

Urban Land For Sale .522 AC on Greens Prairie | College Station

~25 AC on Old Reliance Road

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Mixed Zoning With 19 Acres Multifamily & 6 Acres General Commercial • Directly Across From The New Earl Rudder High School • All Utilities Available To Lot Line • High Growth Corridor Of Northeast Bryan

Adjacent To Established Office Building • Quick Access To FM 2154 (Wellborn) & State Highway 40 • Affordable Price Point • City Services And Utilities Available To Lot Line

~4 AC on William J. Bryan Pkwy | Bryan

~2.4 AC on Wilkes Street | Bryan

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Highly Developable Tract In High Growth Corridor Of Northeast Bryan • Situated At A Signaled Intersection • Extrememly High Traffic Counts • All City Utilities Available • Ideal For Neighborhood Retail Or Hotel Use

~6 AC on Clarks Lane | Bryan

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Highly Visible From State Highway 6 • All City Utilities Available • Ideal For Office Warehouse Or Mini Storage

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Ideal Light Industrial Tract • Access From 2 Roads • All City Utilities Available • In Close Proximity To State Highway 6 & Highway 21

The Land Group specializes in Urban Land as well as Recreational & Farm/Ranch Land. If you are considering buying or selling land, please contact me today to discuss your needs.

Vernie D. Bodden

Senior Sales Associate Land Group 979.777.4641 vernie@OldhamGoodwin.com

RECENT TRANSACTIONS For More Information Contact:

Vernie D. Bodden

Senior Sales Associate Land Group p 979.268.2000 f 979.846.7020 c 979.777.4641 vernie@OldhamGoodwin.com

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Oldham Goodwin represented the buyer in the acquisition of a ~2.86 AC tract on 29th Street in Bryan

Oldham Goodwin represented the seller in the disposition of a ~1 AC tract on Earl Rudder Freeway

979.268.2000 • www.OldhamGoodwin.com

Commercial Quarterly

2nd Quarter 2010

The Impact of Zoning & Future Land Use in College Station The Impact of Zoning & Future Land Use in College Station For people outside the real estate industry, it may be difficult to understand why one land tract can be priced twice as high as a parcel directly adjacent to it. For those of us involved in commercial real estate on a daily basis, we understand that a property’s value is based on many factors like location, the local economy, topography, platting, utility availability, transportation infrastructure, zoning and future land use.

Of the factors listed above, probably the most misunderstood and overlooked are zoning & future land use. You should know that each municipality has unique development ordinances, so the process will change from city to city. This article will focus on College Station’s ordinances.

So What Is Zoning & How Does Future Land Use Impact Your Real Estate Investments?

Zoning is the statutory right for local governments to impose restrictions and regulations on the use of private land within its jurisdiction. In other words, the City can tell you and your neighbors what to build on your property. Sometimes, zoning can help land owners by protecting and propping-up land

City staff posts the Planning & Zoning and Council agendas at City Hall, mails certified notices to all property owners within 200 feet of the properties under consideration and usually require signs to be placed on each tract prior to the public hearing. To figure out what your tract is currently zoned, check out the City’s GIS Maps using the link below.

The City’s Comprehensive Plan (Comp Plan) is just as important as zoning. The Comp Plan outlines City staff’s recommendations for Future Land Use. The Future Land Use recommendations are based in part on current zoning, but also consider future growth, local traffic patterns, community interests, transportation infrastructure, utility capacities and other variables. The Comp Plan has been officially adopted by the City (through City Council), so any re-zoning requests should align with the Comp Plan or provide considerable evidence why the tract is entitled to a variation from the Comp Plan.

Be careful though, the City has recently denied re-zoning requests that align perfectly with the Comp Plan recommendations!

If you’re considering pursuing a re-zoning request, or concerned about zoning on or around your property, please call me to discuss your needs at (979) 268.2000 or direct at (979) 492.0425.

Useful links: City of College Station Developer’s Guide: http://www.cstx.gov/docs/devguideintro.pdf City of College Station Development Ordinance: http://www.cstx.gov/Index.aspx?page=418 City of College Station Comprehensive Plan: http://www.cstx.gov/Index.aspx?page=2920

Example Zoning Map - George Bush Drive & Texas Avenue values. Other times, abnormal or out-of-place zoning can diminish a property’s value by reducing its marketability and restricting its highest and best use.

As a landowner, you must be aware of zoning activity near your investments. To find out what zoning activities are happening now, look in the Eagle classifieds for legal notices. The

City of College Station GIS Services: http://www.cstx.gov/index.aspx?page=1789

Jesse C. Durden

Senior Sales Associate - Land Group c 979.492.0425 jesse@OldhamGoodwin.com

979.268.2000 • www.OldhamGoodwin.com

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Commercial Quarterly 2nd Quarter 2010

Recreational & Farm/Ranch For Sale ~164 AC on FM 2818 | Bryan

New Listing

~23 AC on Elmo Weedon | College Station

~153 AC on Highway 21 Business | Kurten

New Listing

New Listing

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Commercial and PD-Housing Zoning • In growing west Bryan, near Lake Bryan • Nearly 1 mile of frontage on FM 2818 • Strong utility service – development ready

Regular Shape & Topography, Suitable For Development • Convenient Access to Harvey Road & Highway 30 • Less Than 10 Minutes To College Station’s Central Business District

Excellent Recreational Property Close To Bryan/College Station • Offers Mix Of Wooded And Open Pasture • Two Stock Tanks • Good Long-Term Investment

~70 AC on Taylor Road | College Station

5412 Satterwhite Road | Buda

10658 CR 175 | Iola

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Ideal Recreational Tract • Located In Direct Growth Path Of College Station • New Fencing & Entrance • Rolling Topography With Large Trees

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Ideally Situated Tract In High Growth Buda, Texas • Within 1 Mile Of New Austin Toll Road • Within 2 Miles Of I-35 • Close Proximity To Super Walmart & Cabelas Anchored Developments

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Great Recreational Tract • ~5 Miles From College Station • Adjacent To Established King Oaks Development • Possibility For Future Commercial Use

RECENT TRANSACTIONS For More Information Contact:

Jesse C. Durden

Senior Sales Associate Land Group p 979.268.2000 f 979.846.7020 c 979.492.0425 jesse@OldhamGoodwin.com

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Oldham Goodwin represented the buyer in the acquisition of a 53 AC tract for Commercial Expansion

Oldham Goodwin represented the seller in the disposition of a ~10 AC tract next to the College Station Police Department

979.268.2000 • www.OldhamGoodwin.com

Commercial Quarterly

2nd Quarter 2010

Factors To Consider When Selecting A Property Management Firm Selection of the right property management firm will determine whether the property performs in a manner consistent with your expectations. Next to selecting the right property, this decision is the most important one you have as a property owner, yet many investors treat it as an afterthought. Please consider the questions below when selecting a property management firm.

Do they have experience at managing a property like mine?

Property management firms generally specialize in managing certain types of assets. Local real estate firms often offer management services for the management of single family homes, duplexes, four-plexes and small apartment complexes. Ask for a list of the properties that they currently manage, drive by and look at the assets. Determine if these properties are similar to yours. Contact the owners of a few of their current properties and ask about the management company. How many units do they manage? How long have they been in business? Are they affiliated with a brokerage firm?

Ask to see their corporate resume and organizational chart.

Make sure you understand who will actually be showing and leasing your property and if their work load and compensation will benefit your property. Ask what kind of insurance they carry and if they are bonded. Find out if they handle maintenance requests with in-house staff or if third party vendors will be used. Do they require third party vendors to be bonded and insured? Ask who will make daily management decisions and determine whether you believe they have the experience necessary to make those decisions. At what threshold or (dollar) value will you as the owner be involved in decisions?

Ask for a management proposal including a draft of the management agreement.

Look at this document and understand the fee structure. Determine how long the agreement will bind you and understand under what circumstances it can be terminated. If an offer to sell during the term of management agreement occurs, will they represent you on the disposition and what additional fees may be due? Pay close attention to how the management fees are derived and if they incentivize the management company to

perform in a way beneficial to you, the owner. Identify how the management company will be compensated for new leases and renewals. Another item to consider is whether the management firm owns similar assets to yours? If so, will this create a conflict with which units are shown and leased first? Ask your attorney to review the agreement with you and ask questions until you fully understand the entire agreement.

Ask to see a sample reporting package.

Find out how often you will receive financial reports. Review a sample of their reports with your accountant to understand how their accounting will impact your current financial procedures.

Will they keep your funds in a common trust account or will you have your own bank account for your asset? Ask who will pre-

pare the annual budget and when it will be delivered to you for approval. Finally, ask who will be approving and signing the checks for your property.

An involved and educated owner should be able to understand the operation of their multifamily asset. Selection of a property management of appropriate size and ability are integral in the success of the asset. Please call me at (979) 268.2000 or direct at (979) 255.1950 to discuss the selection of a property manager or with any questions about buying or selling multifamily assets.

Rick Lemons

Senior Broker Associate - Multifamily Group c 979.255.1950 rick@OldhamGoodwin.com

979.268.2000 • www.OldhamGoodwin.com

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Commercial Quarterly 2nd Quarter 2010

Multifamily Properties For Sale Briargrove Apartments | College Station

2318/2320 Autumn Chase | College Station

105 Winter Park | College Station

New Listing

47

36 Units • Convenient to Texas A&M, Blinn College & St. Joseph’s Regional Health Center • Located In An Established Single Family Home Neighborhood

48

Convenient To Texas A&M • Fully-Equipped Kitchens • Washer And Dryer Included • On TAMU Bus Route • Bike To Campus • Knotty Pine Cabinets • Polished Silver Fixtures

49

Convenient To Texas A&M • Fully-Equipped Kitchens • Washer And Dryer Connections • On Tamu Bus Route • Large Lot • Deck • 24-Hour Emergency Maintenance

The Multifamily Group at The Oldham Goodwin Group, LLC specializes in Apartments, Fourplexes, Triplexes and Duplexes. If you are considering purchasing or selling a Multifamily property, we would appreciate the opportunity to speak with you about your needs. Contact me today to discuss how our Multifamily Group can help.

Rick Lemons

Senior Broker Associate | Multifamily Group 979.255.1950 | rick@OldhamGoodwin.com

RECENT TRANSACTIONS For More Information Contact:

Rick Lemons

Senior Broker Associate Multifamily Group p 979.268.2000 f 979.846.7020 c 979.255.1950 rick@OldhamGoodwin.com

16

Oldham Goodwin represented the buyer in the acquisition of a 112 Unit Apartment Complex

Oldham Goodwin represented the buyer in the acquisition of a 134 Unit, Student Oriented Apartment Complex

979.268.2000 • www.OldhamGoodwin.com

Commercial Quarterly

2nd Quarter 2010

Importance Of The Future Of LEED To Property Owners

Dominant themes amongst developers and property owners in recent years have been the use of the words “Green”, “Sustainability” and LEED certification. To most, these are unfamiliar concepts and few understand what they actually mean.

However, these terms are more than just “buzz” words used by environmentalists. Continuing developments in technology are allowing new energy efficient products to be implemented cost effectively to decrease operating expenses and increase asset value.

or ownership. These retrofits can be performed in a prompt and cost-effective manner, with only minor impact on day-today operations.

According to a article entitled The Dollars and Sense of Green

What Is LEED? LEED stands for Leadership in Energy and Environmental Design and was developed in the 1990s by the U.S. Green Building Council (USGBC). LEED provides third-party verification that a building or community was designed and built using strategies aimed at improving performance. Most notably: energy savings, water efficiency, CO2 emissions reduction, improved indoor environmental quality and stewardship of resources.

LEED sets out an outline for identifying and implementing these practices so that building performance can be measured and rated.

What Is Important About The Future Of LEED? Currently, there are over 150 LEED certified buildings in the State of Texas. The LEED certification process has several levels of certification determined by the LEED point scale: Certified (40-49 points); Silver (50-59 points); Gold (60-79 points); Platinum (80+ points). Although LEED certification improves the image of a building and the tenants; it does not directly add value to the property.

On the other hand, the “Green” energy saving measures put in place can add to property value. LEED Certification greatly enhances a leasing team’s ability to market space. Energy reduction decreases operating costs in a Gross Lease and decreases payments for Tenants in a Triple Net Lease. LEED certification also has the ability to attract high profile Tenants.

Since the onset of the recession, sophisticated property owners have begun focusing their efforts on using LEED techniques to help them lower operating costs to make up for lower rents and loss of tenants. The greatest opportunity in the near future for LEED professionals will be in Green Retrofits. A Green Retrofit can help building owners introduce green benefits into existing, occupied, facilities whatever their size, age, location, use

Retrofits, conducted by Deloitte in July 2008, 75% of the responding organizations have undergone at least one LEEDcertified Green Building Retrofit stated that savings from energy efficiency was a top goal. The survey also determined that: 73% of respondents reported an actual cost savings resulting from the retrofit, 93% of respondents reported a greater ability to attract talent, 81% of respondents saw greater employee retention, 87% of respondents experienced an improvement in workforce productivity, 75% of respondents reported improvement in employee health, and 100% of respondents experienced an increase in goodwill/brand equity.

The results from this survey suggest the importance for property owners and tenants to remain current with the trends in building efficiency in order to compete in today’s competitive marketplace.

Continued on Page 18

979.268.2000 • www.OldhamGoodwin.com

17

Commercial Quarterly 2nd Quarter 2010

Importance Of The Future Of LEED To Property Owners (continued)

What Do We Do About It? Green technology that used to be extremely expensive and made little economic sense is now becoming increasingly cost effective; as a result the LEED performance standards are becoming more stringent. Additionally, a rising number of high profile Tenants are requiring their space to have some level of LEED certification. The number of square feet available to those types of tenants is not as great as it is for others. Consequently, property owners with space fitting those needs are given a tremendous advantage. For owners interested in making Green Retrofits, there are a number of simple solutions currently available. Some cost effective areas that can make surprisingly high impacts on decreasing operating costs are: Lighting Use Control: Owners can install motion sensing lights and dimmers in areas with low foot traffic as well as better regulate when lights are turned off at night and non-workdays.

Lighting Efficiency: Opportunity for savings usually exists in replacing the standard incandescent bulbs with Compact Fluorescent bulbs (CFLs). A CFL uses 75% less energy and lasts about 10 times longer than an incandescent bulb.

HVAC Use Control: Energy consumption from cooling can be drastically decreased by setting the thermostat at the highest comfortable temperature. With new advanced technology, thermostats can also be

set remotely by property managers and owners.

HVAC Efficiency: Property owners interested in increasing the efficiency of their system can have consultants perform an energy audit of their building to determine areas that can improve without replacing the entire system.

Water Use Reduction: Innovative solutions for low water use fixtures are becoming more available and water used for irrigation can be considerably cut with the installation of smart irrigation controllers.

Naturally, landscaping can only hold a certain amount of water until it rejects it and becomes merely runoff. Controllers take recent rainfall, future rainfall projections, current temperature and sunlight into account when controlling the timing and amount of irrigation.

These examples are only some of the simple areas where properties can achieve energy savings while also contributing to a possible LEED certification. LEED points can be achieved in a number of categories that can be viewed on the USGBC website - http://www.usgbc.org/. With the immense development in smart energy efficient technology as well as the added pressure from government programs and high profile businesses; business owners, property owners and developers should be continually educated on these matters in order to stay competitive.

If you are a property owner looking to make some or all of these retrofits to your current property or would like to lease space that has undergone these changes, the Leasing Division at The Oldham Goodwin Group, LLC would like the opportunity to discuss this with you. Contact me at (979) 268.2000 or direct at (214) 675.8714.

Sources: http://www.energystar.gov/ http://www.deloitte.com/assets/Dcom-UnitedStates/Local%20Assets/Documents/us_re_Dollars_Sense_Retrofits_190608_.pdf

Travis Ward

Leasing Associate c 214.675.8714 travis.ward@OldhamGoodwin.com

18

979.268.2000 • www.OldhamGoodwin.com

Commercial Quarterly

2nd Quarter 2010

Office Properties For Lease Crystal Park Plaza | College Station

New Listing

3310 Longmire | College Station

2100 William J Bryan | Bryan

New Listing

50

New Listing

51

52

Class “A” Professional Office Building • Wide Range of Suite Configurations • High Visibility With Exceptional Traffic Counts

Part Of The Professionally Managed Longmire Business Park • Over 4,000 SF Of Available Office Or Medical Space • Variety Of Users With A Simple Build-Out

Great Visibility & Exposure To High Traffic Counts On William J Bryan Parkway • Seven Offices With A Very Large Reception Area

Bryan Professional Building | Bryan

Lawyers Title Co. Building | College Station

Wolf Pen Ridge | College Station

New Listing

New Listing

53

Excellent Visibility With Frontage On Texas Avenue • Numerous Recent Capital Improvements • Easily Accessible With 4 Points Of Entry

54

Attractive New Construction With Contemporary Landscaping • Established Co-Tenant • Excellent Visibility • First Generation Space

55

~1 Mile From Texas A&M University • One Block From Wolf Pen Creek Amphitheater & Park • Range Of Available Spaces: ~2,500 - ~3,524 SF

RECENT TRANSACTIONS For More Information Contact:

Travis Ward

Oldham Goodwin represented the landlord in the lease for Reflections Counseling at Copper Chase Office Park

Oldham Goodwin represented the landlord in the lease for Dallas Shipp Agency at United Plaza

Leasing Associate p 979.268.2000 f 979.846.7020 c 214.675.8714 travis.ward@OldhamGoodwin.com

979.268.2000 • www.OldhamGoodwin.com

19

Commercial Quarterly 2nd Quarter 2010

Office Properties For Lease Cambridge Court | College Station

New Tenants

United Plaza | College Station

Executive Office Plaza | Bryan

New Tenants

56

57

58

Executive Style Office Suites • Located Along Hwy 40 Near Castlegate & Castlerock Subdivisions • ~1 Mile From Hwy 40/Hwy 6 Intersection

Centrally Located Within Bryan/College Station • Small To Mid-Sized Suite Configurations • Within ~1.5 Miles Of Texas A&M University

One Mile From The Briarcrest Exit Off Highway 6 • Within 2 Miles Of Both TAMU Main Campus And Blinn College • Centrally Located

Williamsburg at Park Hudson | Bryan

Star Tel Tower | Bryan

Texas Enterprise Bank Building | Bryan

59

Located In Park Hudson • Adjacent To Adam Plaza & Crescent Pointe • Customizable Floor Plan • ~3,984 SF Available

60

~1.5 Miles From St Joseph Regional Health Center & ~1 Mile From Blinn College • Range of Available Spaces: ~ 1,500 - ~6,000 SF

61

Superior Construction • Near Traditions Golf Course • Near Future Texas A&M Health Science Center • Range of Available Spaces: ~465 - ~3,685 SF

RECENT TRANSACTIONS For More Information Contact:

Travis Ward

Leasing Associate p 979.268.2000 f 979.846.7020 c 214.675.8714 travis.ward@OldhamGoodwin.com

20

Oldham Goodwin represented the tenant in the lease for Elite Security at 707 Texas

Oldham Goodwin represented the landlord in the lease for Designio, LLC at United Plaza

979.268.2000 • www.OldhamGoodwin.com

Commercial Quarterly

2nd Quarter 2010

Office Properties For Lease The Emporium | College Station

University Park Plaza | College Station

New Tenant

Southwood Business Center | College Station

New Tenant

62

63

64

Easily Accessed From Anywhere Within Bryan/College Station • Located Along Highway 6 • Great For A Small To Medium Business

Centrally-Located • High Traffic Counts • Dynamic Growth Area • Range Of Available Spaces: ~3,000 - ~9,000 SF

Central Location To Thriving Commercial And Residential Growth • Vast Traffic Flow From Texas Avenue • ~400 Ft Of Frontage On Hwy 6 • Available Space: ~1,268 SF

Bryan Medical Center | Bryan

Oxford Court | College Station

Copper Chase Office Park | Bryan

1 Space Remaining

65

High Quality Medical Building Adjacent To St Joseph Regional Hospital • Energy Management Systems And Key Card Entry • Covered Parking • Range Of Available Spaces: ~3,000 - ~9,000 SF

66

Executive Style Office Suites • Located Along Hwy 40 Near Castlegate & Castlerock Subdivisions • ~1 Mile From Hwy 40/Hwy 6 Intersection

67

Less than one mile from Blinn College • Small, mid and large sized suite configurations available • Less than 1/4 mile from St. Joseph’s Regional Medical Center

RECENT TRANSACTIONS For More Information Contact:

Travis Ward

Oldham Goodwin represented the landlord in the leases for Med Pro Treatment Center at University Park Plaza

Oldham Goodwin represented the landlord in the lease for FrogSlayer Software at United Plaza

Leasing Associate p 979.268.2000 f 979.846.7020 c 214.675.8714 travis.ward@OldhamGoodwin.com

979.268.2000 • www.OldhamGoodwin.com

21

Commercial Quarterly 2nd Quarter 2010

Industrial Properties For Lease Conner Steel Building | Bryan

12761 State Highway 30 | Bryan

New Listing

100% Leased

68

~10,500 SF Warehouse Space • Easy Access From Highway 6 • ~8 Acres of Land • 3 Overhead Roll Up Doors • 2 Overhead Cranes (10 & 15 Ton Each)

69

Upstairs & Downstairs Offices • Two Roll Up Doors • Fenced Yard Space • Paved Parking • Built in 2005

If you or your business is looking to relocate, expand or downsize, contact me today to find out how Oldham Goodwin can help find you a great location. For more information regarding our leasing services, please contact me today.

Travis Ward

Leasing Associate 214.675.8714 | travis.ward@OldhamGoodwin.com

RECENT TRANSACTIONS For More Information Contact:

Travis Ward

Leasing Associate p 979.268.2000 f 979.846.7020 c 214.675.8714 travis.ward@OldhamGoodwin.com

22

Oldham Goodwin represented the landlord in the leases for Capital Custom Tile & University Landscape Co. at 12761 Highway 30

Oldham Goodwin represented the landlord in the leases for Sulik Healthcare & Alumni Travel Group at Cambridge Court

979.268.2000 • www.OldhamGoodwin.com

Commercial Quarterly

2nd Quarter 2010

Retail Properties For Lease Tower Point | College Station

Grant Plaza | Huntsville

Mid-Town Center | Bryan

New Listing

New Listing

70

New Listing

71

72

Located In Underserved South College Station • Affluent And Rapidly Expanding Population • Multiple Ingress/Egress Points Allows For Convenient Access

Convenient & easy access from two thoroughfares • Recently renovated with fresh exterior paint • Excellent visibility with frontage on Texas Avenue

Convenient & easy access from Interstate 45 • Excellent visibility with frontage on 11th street • Diverse and established retail tenant mix

University Shopping Center | College Station

Beverley Estates | Bryan

Park Central Center | Bryan

100% Leased

74

73

Junior Anchor Availability • Over 600 Feet Of Frontage Along Texas Avenue • Less Than 1/2 Mile From TAMU • Five Points Of Access Off Of Three Major Thoroughfares

Convenient & Easy Access From Two Thoroughfares • Recently Renovated • Excellent Visibility With Frontage On Texas Avenue

75

Convenient & Easy Access From Two Thoroughfares • Recently Renovated • Excellent Visibility With Frontage On Texas Avenue • Available Space: ~1,250 SF

RECENT TRANSACTIONS For More Information Contact:

Robert J. Young

Oldham Goodwin represented the landlord in the lease for J & J Asian Bistro at Freedom Center

Oldham Goodwin represented the landlord in the lease for Windy Sport & Fitness at Plazas at Rock Prairie

Director of Commercial Leasing Senior Broker Associate p 979.268.2000 f 979.846.7020 c 979.324.1717 robert@OldhamGoodwin.com

979.268.2000 • www.OldhamGoodwin.com

23

Commercial Quarterly 2nd Quarter 2010

Retail Properties For Lease Park Plaza Center | College Station

Plazas at Rock Prairie | College Station

76

Post Oak Square | College Station

77

78

Located in the heart of College Station’s retail corridor • Excellent visibility at the corner of Texas Avenue & Harvey Road Located within close proximity to H-E-B & Target

Range Of Available Spaces: ~1,000 - ~5,040 SF • Four Miles From TAMU • High Daytime Population • Southern “Gateway” Of College Station

Range of Available Spaces: ~1,430 ~19,225 SF • Competitive rental rates and build-out allowance • Restaurant space available • Adjacent to Post Oak Mall

Shops on Texas | College Station

Freedom Center | Bryan

Market Square Shopping Center | Brenham

100% Leased

79

Available Space: ~1,594 SF • Dynamic Growth Area • Central Location With High Traffic Counts • Great Visibility And Access On Texas Avenue

80

Close Proximity To TAMU & Blinn • Adjacent To The Walmart Supercenter, Chick-Fil-A & Wells Fargo Office Building

81

Big Box Availability • Less Than 1 Mile From Hwy 290 • Less than 3 miles from Blue Bell Creameries • Range of Available Spaces: ~2,000 - ~38,046 SF

RECENT TRANSACTIONS For More Information Contact:

Robert J. Young

Director of Commercial Leasing Senior Broker Associate p 979.268.2000 f 979.846.7020 c 979.324.1717 robert@OldhamGoodwin.com

24

Oldham Goodwin represented the landlord in the lease for Merge Boutique at Post Oak Square

Oldham Goodwin represented the tenant, Just Brakes, in the lease at 3300 South Texas Avenue

979.268.2000 • www.OldhamGoodwin.com

Commercial Quarterly

2nd Quarter 2010

Retail Properties For Lease Southwest Crossing | College Station

Longwood Crossing | Pearland

82

West Wind Shopping Center | Lubbock

83

~8,000 SF Pad Site Available • Located In The Center Of The Most Densely-Populated Student Area In College Station • Located Less Than ½ A Mile From TAMU

~3.5 Miles From Silverlake, A 3,500 Home Residential Development • ~5 Miles From The 288/518 Intersection • Available Space: ~2,200 SF

Brookhaven Retail Center | Bryan

Southwood Plaza | College Station

85

~5 Miles From TAMU • ~1.5 Miles From Miramont Country Club • Range Of Available Spaces: ~1,500 - ~2,100 SF • Rapid Population Growth & Business Development Within The Area

86

Anchored By Proposed Super Walmart Of College Station • Great Access To The Center With Entrances On Longmire & Texas Avenue • Available Space: ~788 - ~1,200 SF

84

~3.6 Miles From Texas Tech University & ~2 Miles From Lubbock Christian University • Range Of Available Spaces: ~1,243 ~1,952 SF • Great Visibility From Loop 289

If you are considering leasing space, please contact our group and allow us to provide you with the insight and accessible expertise you need to make an informed decision.

Robert J. Young

Director of Commercial Leasing Senior Broker Associate 979.324.1717 robert@OldhamGoodwin.com

RECENT TRANSACTIONS For More Information Contact:

Robert J. Young

Oldham Goodwin represented the landlord in the lease for Andrew’s Flowers at Mid-Town Center

Oldham Goodwin represented the tenant in the lease for Complete Nutrition at Texas Avenue Crossing

Director of Commercial Leasing Senior Broker Associate p 979.268.2000 f 979.846.7020 c 979.324.1717 robert@OldhamGoodwin.com

979.268.2000 • www.OldhamGoodwin.com

25

Commercial Quarterly 2nd Quarter 2010

Property Locations 43

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This map is a rendering of Bryan & College Station city limits and does not accurately show city limits. This map is not to scale and all property locations are approximate.

26

979.268.2000 • www.OldhamGoodwin.com

Commercial Quarterly

2nd Quarter 2010

Management Division Profile Management Division Profile Who We Are The Oldham Goodwin Group’s management services are part of a comprehensive turnkey solution for any Retail, Office, Multifamily, Industrial or Hospitality owner. We strive to provide asset and property management services to improve efficiency and flexibility for our Clients. By offering a complete range of management services including Asset Management, Property Management, Advisory/Consulting Services, Construction Management and Real Estate Owned (REO) Workout/ Management Solutions, The Oldham Goodwin Group is structured to ensure your investment is maximized at every stage of the process. With a strong focus on customer service, our team works closely with you to identify and execute strategies to improve performance and yield quantifiable results.

Your asset is the foundation of our business; we will make sure you are satisfied with our services. In order to deliver on that commitment, our professional management divisions feature Dedicated Asset Managers, Property Specialization, Innovative Technology, and Transparency and Accountability.

Dedicated Asset Managers Oldham Goodwin’s management divisions are designed to provide professional and dedicated asset management services.

Our asset managers are not asked to broker and/or develop properties on their own, on top of managing assets. Instead, they work in tandem with our specialized brokerage and development professionals and deliver operational feedback and strategies. This level of integration provides tremendous value to our Clients.

Property Specialization Oldham Goodwin’s asset managers specialize in one of three classifications of real estate management: Multifamily, Hospitality, and Commercial (consisting of Retail, Office and Industrial). This specialization allows our asset managers to excel in their area of specialization, thus providing our Clients with an unmatched level of expertise and experience.

Innovative Technology The Oldham Goodwin Group utilizes advanced property management, accounting, collaboration and marketing technology to deliver quantifiable results for our clients. Through innovative technology, we are able to leverage seamless integration, best practices, and robust reporting to deliver enhanced operational efficiency and real results at the property level.

Transparency and Accountability Oldham Goodwin’s management services are geared to maximize the return on our client’s investment. Our asset managers are focused on key performance indicators to gauge asset performance. We take our fiduciary responsibility very seriously and believe it is of the utmost importance to provide our Clients with transparency and accountability at every turn.

Our Managed Properties

River Village Marriott

Brazos Point Apartments

Southwest Crossing at Bee Creek

For More Information About These Services, visit www.OldhamGoodwin.com.

809 University Drive East, Suite 101A

979.268.2000 • www.OldhamGoodwin.com College Station, Texas | 77840

27

Commercial Quarterly 2nd Quarter 2010

“Accessible Expertise” Rick Lemons

Multifamily Group

Clinton D. Oldham

Senior Broker Associate

Commercial Group Senior Broker Associate

Rick’s background encompasses over 20 years of hospitality and property management experience with Aramark, Pappas Restaurants, Inc. and Oldham Goodwin. Since 2004, he has managed and operated the multifamily division of Oldham Goodwin. As a commercial real estate broker, Lemons has listed and sold numerous multifamily and single family properties to local and national investors.

C 979.255.1950 | rick@OldhamGoodwin.com

Clint represents our private investment and corporate clients in the acquisition and disposition of Retail, Office and Industrial real estate. In addition to buyer and seller representation, Clint’s experience includes project leasing, tenant representation, as well as investment and financial analysis. Clint’s broad range of experience in the local commercial real estate market has made him a valuable asset to clients seeking to acquire or dispose of their assets.

Vernie D. Bodden, III

Jesse C. Durden

Land Group

C 409.781.7734 | clint@OldhamGoodwin.com

Senior Sales Associate

Land Group

Senior Sales Associate

Vernie’s background in the ranching industry has enabled him to build a broad base of knowledge in rural land, both from an operational and valuation perspective. Vernie has used these principals to broaden his scope of knowledge to include the commercial realm. As a result, he has been able to represent some of the states largest retail and hospitality developers.

C 979.777.4641 vernie@OldhamGoodwin.com

Jesse specializes in development and site selection for TOGG. Jesse’s experience includes commercial development and construction, as well as real estate investment analysis. Prior to his arrival at Oldham Goodwin, Jesse worked with Austin Commercial in Dallas and Caldwell Companies in Houston.

C 979.492.0425 | jesse@OldhamGoodwin.com

Robert J. Young

Travis Ward

Leasing Division Senior Leasing Associate

Leasing Division Leasing Associate

Over the last 4 years, Robert has focused on increasing his understanding of the B/CS real estate market, the emerging trends that affect the city, county, and state, and the commercial real estate growth indicators that real estate experts use to predict the future of the local market.

Robert strives to deliver the highest levels of client services available.

C 979.324.1717 robert@OldhamGoodwin.com

Travis Ward specializes in office and industrial properties. He has a diverse background in both commercial construction management and commercial development. Notable projects from his past include his 12 months of experience in Beijing, China where he assisted in the completion of the U.S. Embassy, as well as his 3 months spent in Dallas working for Hermansen Land Development.

Daniel Powell

Erin Sissell

Sales Division Sales Coordinator, Associate

Daniel coordinates sales marketing and transaction efforts as well as assists executives with brokerage strategic initiatives. Daniel is known by his peers as highly organized and extremely knowledgeable of brokerage services.

C 979.575.2551 | daniel@OldhamGoodwin.com

C 214.675.8714 travis.ward@OldhamGoodwin.com

Leasing Division Leasing Coordinator, Associate

Erin coordinates leasing marketing and transaction efforts as well as assists executives with brokerage strategic initiatives. Erin is Oldham Goodwin’s Ambassador to the Bryan/College Station Chamber of Commerce. In addition she was also a former member of the Real Estate Development Association at Texas A&M. C 254.592.2615 | erin@OldhamGoodwin.com

809 University Drive East, Suite 101A College Station, Texas | 77840 T 979.268.2000 | F 979.846.7020 www.OldhamGoodwin.com