The acquisition of 2603 Augusta provides the opportunity to purchase an institutional-quality office building in the Galleria area, a top-performing submarket for office investments. The Fund intends to capitalize on Houston’s exceptional employment growth and increasing
office rents.

2603 Augusta is a 16-story offi ce tower with approximately 242,000 rentable square feet.
The property is located west of the Galleria shopping mall, north of Westheimer Road, and south of San Felipe Street. The Galleria features 2.4 million square feet of retail space, three offi ce towers, and two hotels.

The Galleria/San Felipe/Voss submarkets contain
25 million square feet of office space, of which 10 million is Class A office space. The building is located in an area with restaurants, retail, and entertainment facilities.

There is high demand for Class A office space in this submarket and rents are peaking, according to research firm Property and Portfolio Research (PPR).

Property Highlights:

• Located in an area considered to be among the strongest-performing submarkets in Houston
• In proximity to the Galleria, which boasts more than 375 stores and restaurants, as well as an ice rink and two hotels

Approximately 242,000
rentable sq. ft.