STABLE IN-PLACE CASH FLOW WITH SUBSTANTIAL UPSIDE POTENTIAL

Hampton Court is currently 73% leased to an attractive mix of tenants with an average remaining lease term of over four years. Given the strength of the Uptown/Turtle Creek submarket, which has been experiencing rapidly increasing rental rates and occupancy levels, the existing average rental rate is now approximately 22% below market rates. As such, strong upside potential exists through the lease up of the remaining vacancy and the renewal of existing tenants in a significantly higher rental rate environment.

Class A Occupancy

UPTOWN/TURTLE CREEK DALLAS OFFICE MARKET

Uptown/Turtle Creek is the premier office submarket in Dallas/Fort Worth and is the preferred office location for investment banks, private equity funds, hedge funds, private wealth managers, and family offices. Uptown/Turtle Creek continues to outperform the rest of Dallas/Fort Worth by leading the market in the Class A average rental rate and is in the top three submarkets in occupancy at 91% leased. The submarket ended the second quarter of 2015 with an average rental rate of $36.10 PSF full service, 40% higher than the market-wide average Class A rental rate. In addition, Uptown/Turtle Creek experienced rental rate growth of 6.5% in the first half of 2015 compared with 6.5% in all of 2014.