TEXAS CITY Marathon Petroleum To Create Second Largest Domestic - - PDF document

TEXAS CITY

Marathon Petroleum To Create Second Largest Domestic Refining Complex By 2020

COMMUNITY RV - TEXAS CITY

CONCEPT: Texas City is creating refinery expansions investing billions of dollars, and importing tens of thousands of skilled professional contract refinery professionals (electricians, sheet metal workers, pipe fitters, etc) to construct these expansions. These skilled professional workers earn around $100,000 per year and travel to contract assignments along the Texas-Louisiana Gulf Coast, each assignment lasts 6 months to 2 years, before moving on to the next assignment. They live in each assignment location in their owned 5th wheel RVs costing $70-$100,000. While living at their assignment in their RV they want to live in a secure, gated, RV community with high standards and quality amenities. The largest refinery in Texas City is the Marathon refinery, which boasts that it is in the process of becoming the 2nd largest refinery in the US, at a cost exceeding $10 Billion, on a 10 year program. The

• ther refineries in Texas City undergoing expansion are Valero, BP, Eastman, Dow, and Ashland.

STRATEGY: Develop in Texas City an investment grade 265 site RV RESORT that fits the needs of these workers, and in the future fits the needs of residents of Texas City. See the Baytown project Cedar Grove Park RV Resort website: cedargrovepark.com as an example. Provide these ten of thousands of professional skilled workers, coming to Texas City under contract at the refineries, what is needed: while living at their assignment in their RVs for 6 months to 2 years or more, a secure, gated, fenced, high-standard RV community with high quality amenities such as on-site 24 hour management, WiFi, cable TV, recreation center, large pool, lake, gazebos with propane grills, jogging trails, etc. FINANCIAL ANALYSIS: Total Cost of the Project: $12.0M Equity Investment: $ 3.6M Annual Cash Return on Equity Investment (projected) 20% = $720M per year at 90% occupancy Cash Return To Investors On Sale (after return of Equity Investment, projected) $3,377,027 Total Return To Investors – 5 Year $6,369,753 Plus Return of Investment on Sale $3,600,000 IRR 32% LOCATION IN TEXAS CITY: In the immediate Texas City neighborhood, adjacent to Mall Of The Mainland, fronting Hwy 2004, bounded by I-45 to the west, and Emmett Lowery Expressway–FM 1764 to the South. Less than 5 miles to the refineries.

TEXAS-LOUISIANA GULF COAST REFINERY EXPANSION IS DRAMATIC, APPROXIMATELY $250 BILLION OVER THE NEXT 10 YEARS, AND IMPORTING APPROXIMATELY 150,000 REFINERY CONTRACT CONSTRUCTION WORKERS FOR THE CONSTRUCTION WORK

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Exhibit A - Property Depiction - Version 2.pdf

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Texas City, Galveston County, Texas

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$1,554,600 $2,073,510 $2,173,586 $2,278,665 $2,388,998 EXPENSES

$520,690 $567,434 $594,350 $622,701 $652,572 33% 27% 27% 27% 27%

$1,033,910 $1,506,077 $1,579,235 $1,655,964 $1,736,426

FINANCIAL ANALYSIS - PROJECTED

262 SITES - SITE RENTAL RATES: LAKEFRONT $750 + PULL THRU $775 + PREMIUM $650 RV SITES - 262

TOTAL EXPENSES OPERATING EXPENSES AS A % OF GROSS INCOME

NET OPERATING INCOME (NOI)

GROSS INCOME FROM RV SITES & LAUNDRY

$12,000,000 70% $8,400,000 EQUITY 30% $3,600,000 YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 $1,033,910 $1,506,077 $1,579,235 $1,655,964 $1,736,426 ($665,232) ($665,232) ($665,232) ($665,232) ($665,232) $368,678 $840,845 $914,003 $990,732 $1,071,194 $360,000 $360,000 $360,000 $360,000 $360,000 AFTER PREFERENTIAL DISTRIBUTION $4,339 $240,422 $277,002 $315,366 $355,597 $364,339 $600,422 $637,002 $675,366 $715,597 $4,339 $240,422 $277,002 $315,366 $355,597 10.00% $17,364,263.36 $3,377,027 $364,339 $600,422 $637,002 $675,366 $715,597 TOTAL CUMMULATIVE PROFIT ON INVESTMENT $364,339 $964,761 $1,601,763 $2,277,129 $6,369,753 $3,600,000 IRR ANNUAL RETURN, INCLUDING SALE 32% 10% 17% 18% 19% 20% RETURN OF INVESTMENT OPERATING PARTNERS IF SALE AT END OF 5 YEARS AT CAP RATE OF CASH RECEIVED EACH YEAR FROM CASH FLOW

DISTRIBUTIONS TO INVESTOR PARTNERS:

CASH RECEIVED ON SALE AFTER RETURN OF INVESTMENT ANNUAL DISTRIBUTIONS TO NOI - ANNUAL LESS :P&I @5.0 INTEREST, 20 YEAR AMORT. DISTRIBUTABLE NOI ANNUAL DISTRIBUTIONS TO INVESTOR PARTNERS 10% PREF DISTRIBUTIONS TO PLUS ADDITIONAL DISTRIBUTION OF ANNUAL DISTRIBUTIONS TO INVESTOR PARTNERS ANNUAL CASH ON CASH RETURN TO TO INVESTOR PARTNER NOI BY YEAR

COMMUNITY RV TEXAS CITY

FINANCIAL ANALYSIS - DISTRIBUTIONS FROM NOI - ESTIMATES

TOTAL ACQUISITION COST LOAN & EQUITY LOAN @ 5.00 P&I @ 20 YR AMORT

ESTIMATE BID PRICE PAID BY LLC PAID BY LENDER PRE-ACQUISITION COSTS Due Diligence - Analysis Checklist $3,703 $3,703 $3,703 Legal - LLC formation, Investor Documents $22,715 $22,715 $22,715 Phase 1 $22,983 $22,983 $22,983 Traffic Studies $19,500 $19,500 $19,500 Preliminary Architectural Layout $5,000 $5,000 $5,000 SURVEY Survey - Boundry $4,900 $4,900 $4,900 Survey - Topographical $8,500 $8,500 $8,500 Survey - Metes & Bounds Desc. $1,100 $1,100 $1,100 Survey - Forced Main $4,000 $4,000 $4,000 Survey - Front 5 Acres - Retail Site $3,000 $3,000 $3,000 Platting - Subdivision Plat $11,000 $11,000 $11,000 Geotech-Soil Studies $9,336 $9,336 $9,336 Brokerage Fees $16,000 $16,000 $16,000 TOTAL PREACQUISITION COSTS ACQUISITION COSTS Land Purchase $1,400,359 $1,400,359 $1,400,359 Title Company $1,611 $1,611 $1,611 Accumulated Property Tax Liability $16,000 $16,000 $16,000 TOTAL ACQUISITION COSTS PRE-CONSTRUCTION COSTS LAND CLEARING Land Clearing $125,000 $125,000 $125,000 Tree Removal on Easemnt $2,100 $2,100 $2,100 Additional Tree Trimming $6,000 $6,000 $6,000 Fence-Temporary $20,000 $20,000 $20,000 MEP $25,000 $25,000 $25,000 Subsidence District-Permit $442 $442 $442 Landscape Architect $35,000 $35,000 $35,000 Insurance - Land Liability $850 $850 $850 ARCHITECT Site Plans & Rec Building Plans $75,000 $125,000 $125,000 SURVEY Survey - Stake Clearing for Forced Main $2,200 $2,200 $2,200 ENGINEERING

COMMUNITY RV TEXAS CITY

PROJECT COST ESTIMATES/BID/ACTUAL

COMMUNITY RV TEXAS CITY

PROJECT COST ESTIMATES/BID/ACTUAL

Engineering - Civil $65,000 $90,000 $90,000 Engineering - Structural $13,200 $15,000 $15,000 Engineering - Carport Stamp $1,000 $1,000 $1,000 Engineering - Water Well $500 $500 $500 Engineering - Stamp $6,000 $6,000 $6,000 TOTAL PRE-CONSTRUCTION COSTS SITE WORK CONSTRUCTION Incl Massey Topkins Rd Construction, water lines, sanitary sewage, retention lake, storm sewer, WATER IMPROVEMENTS, PHASE 1 WATER LINES 8" C900- 3562 8" GV&B-8 ea 6" C900-1424 If 6"GV&B-9 ea Fire Hydrant with lead- 7 ea 2" sch 40-50 If 2" BOV-6 ea 3" sch 40 -10550 if 3" GV&B -28 ea RV Service lead 3/4" ( hose bid provided by

• wner) 265

Club house to terminate 5' from building 8 X 8 TS&V -1ea 8" BFP- 1 ea 2" Meter Vault- 5 ea(Meter Provided by City of Baytown and Purchased by owner All testing and cleaning of proposed line TOTAL WATER COST $409,864 $360,839 $360,839 SANITARY SEWER IMPROVEMENTS, PHASE 1 Sanitary Manhole -21 ea 4" sch 40-4305 If 6" SDR 26-2744 If 8" SDR 26-3206 If 12" SDR 26-1227 if Service Lead & Clean Out at RV Spaces-265 Cement Stabilized sand backfill 6" around pipe Connect to Existing Manhole-1 ea Service Lead to Club House terminate 5' from Building-1 ea SANITARY SEWER TOTAL $404,281 $402,281 $402,281 CONCRETE Club House Slab 4" Concrete Flat Work

COMMUNITY RV TEXAS CITY

PROJECT COST ESTIMATES/BID/ACTUAL

5" Concrete Pavement 6" Concrete Pavement 5" Concrete Pull Thru Sidewalk Pipe Ballard Electrical Pads Joint Sealant Light Pole Bases Handi Cap Ramp TOTAL STREET IMPROVEMENTS $2,181,013 $2,085,596 $2,085,596 DRAINAGE IMPROVEMENTS Type A Inlets-41 ea Type C Manhole-7 ea Type E Inlet-1 ea 15" HDPE- 492 If 18" HDPE-2052 If 24"HDPE-810 If 30" HDPE -1265 If 36" HDPE-315 If 42" HDPE-384 If 24" RCP-114 If 24" SET-4 ea 18" Flap Gate- 1 ea AZ Inlet- 1 ea Storm Trooper Lift Station- 1 ea Concrete Spash Pad-1 ea Rip Rap Outfall- 1 ea Floor drain and pvc at Gazebo to tie into lake-1 ea Tie roof drains from club house into storm sewer-1 ea Stablize sand backfill to 6" above the pipe All grouting and inverts included TOTAL DRAINAGE IMPROVEMENTS $419,934 $418,621 $418,621 EARTHWORK Create a 3D-MC2 model of project for layout and machine control Mobilization for four (4) phases of construction: 1)verify existing topographic survey, 2)building pad, rough site grading 3)paving stabilization 4)machine backfill Install/Remove Construction entrace - 1 ea Strip site of organics and stockpile for late use as backfil

COMMUNITY RV TEXAS CITY

PROJECT COST ESTIMATES/BID/ACTUAL

Building pad - Price based on completing scope prior to concrete foundations. Strip organics five (5) feet outside building footprint, proff roll sub-grade, install select fill in 8" loose lifts based on 10 to 20 PSI imported material to elevation Cut/Fil per grading plan April 2016 spread remaining dirt on site Prepare paving subgrade and lime stabilized 6" at 6% lime where concrete is 6" ticker - Drive Roads 265,000sqft Site Backfill - Machine backfill curbs, sidewalks, with onsite fill Spread on stie, spoils generated from Earthwork and Utilities TOTAL EARTHWORK $769,531 $699,489 $699,489 MISC/OTHER $15,000 TOTAL SITE WORK CONSTRUCTION GENERAL CONSTRUCTION GENERAL Materials Testing $90,000 $90,000 $90,000 SWPPP $20,000 $20,000 $20,000 Bollard Installation $20,000 $0 $0 Lake Fountain $15,000 $15,000 $15,000 Fish Screen $2,000 $2,000 $2,000 Temporary Power $5,000 $5,000 $5,000 Truck - On Property $8,000 $8,000 $8,000 Trash Removal / Dumpsters / Temp Labor $17,900 $17,900 $17,900 Porta Potties $8,500 $8,500 $8,500 Trash Barrels $2,000 $2,000 $2,000 Equipment Rental - Forklift etc $18,000 $8,000 $8,000 Fuel For Equiment $1,000 $1,000 $1,000 Landscaping $530,000 $630,000 $630,000 Power Wash Roadways $4,000 $4,000 $4,000 Safety Engineer / Safety Equipment $1,200 $1,200 $1,200 Survey - Construction Layout $16,000 $16,000 $16,000 Survey - As Built $39,600 $39,600 $39,600 RV PADS ITEMS Picnic Tables $40,000 $40,000 $40,000 PERMITS $50,000 $125,000 $125,000

COMMUNITY RV TEXAS CITY

PROJECT COST ESTIMATES/BID/ACTUAL

Permits - Foundation & Building & Mechanical & Electrical & Plumbing MOBILE OFFICE Office $6,000 $6,000 $6,000 Temp parking, container storage, utilities $15,000 $0 $0 Auto Expenses $5,000 $5,000 $5,000 Office Expenses - Misc $5,000 $5,000 $5,000 Prints & Reproduction $6,000 $6,000 $6,000 SECURITY Security Guard $30,000 $30,000 $30,000 FEMA Trailer $3,000 $3,000 $3,000 Security Lights $3,000 $3,000 $3,000 SUPERVISION Supervision - Salary $71,000 $71,000 $71,000 Supervision - Auto $5,000 $5,000 $5,000 FENCE, GATE ACCESS & CAMERAS Perimeter Fence & Gate $129,611 $240,265 $240,265 Access Control $46,000 Phone Dialer $3,000 16 Cameras' $36,000 $66,841 $66,841 INSURANCE Insurance - General Liability $56,000 $56,000 $56,000 Insurance - Builder's Risk $12,284 $12,284 $12,284 Insurance - Worker's Comp $1,000 $1,000 $1,000 Insurance - Errors & Omissions $1,000 $1,000 $1,000 GAZEBOS & OUTDOOR KITCHENS Gazebo No. 1 - Kit Cost $14,000 $9,100 $9,100 BQ Pitt #1 Gazebo $3,000 $3,000 $3,000 Gazebo No. 1 - Erection Gazebo No. 1- Outdoor Kitchen $8,000 $8,000 $8,000 BBQ Pitt #2 $3,000 $3,000 $3,000 Outdoor Kitchen Erection Pool Outdoor Kitchen $8,000 $8,000 $8,000 WATER PRESSURE BUILDING $6,700 $7,800 $7,800 Kit Hardi for Presure bld. $6,700

COMMUNITY RV TEXAS CITY

PROJECT COST ESTIMATES/BID/ACTUAL

WATER LINES IMPACT & TAP FEES & FIRE LINE 3 X 2-inch Compound Meters $7,787 2 X 2-inch Irrigation Meter $5,192 City of Baytown Utility Tap Fee $15,000 Water Well $35,000 $35,000 $35,000 2" Compound Meter $2,126 8" Compound Meter $19,205 $56,000 $56,000 SANITARY SEWAGE Included in SITE WORK STORM SEWER Included in SITE WORK PUMP STATION Booster Pump-Equipment $35,000 $35,000 $35,000 Booster Pump-Installation $6,000 $6,000 $6,000 Storm Water outfall feature $4,000 $4,000 $4,000 TOTAL GENERAL CONSTRUCTION ELECTRICAL SERVICE & DISTRIBUTION $1,117,200 $956,000 $956,000 Electrical - Setting, Pedestal, Light Posts, 12-13 Transformers $4,200 / site Generator - Temporary Power $10,000 $10,000 $10,000 for Rec Bldg during construction Pedestals $160,000 $137,120 $137,120 Electrical Impact Fee $29,000 $29,000 $29,000 TOTAL ELECTRICAL SERVICE & DISTRIBUTION BUILDINGS & POOL & AMENITIES REC BUILDING & RELATED Metal Building / Trim $90,000 $90,000 $90,000 Erection - Frame, Metal Sheeting,Soffit, Hardy $32,634 $41,100 $41,100 Advent Venting $60,000 Masonry $72,400 $75,500 $75,500 Hardy $40,000

COMMUNITY RV TEXAS CITY

PROJECT COST ESTIMATES/BID/ACTUAL

Glass Storefront $115,000 $89,553 $89,553 HVAC $44,500 $44,500 $44,500 Low Voltage Wiring: Speakers & Alarm System $3,500 Plumbing $135,000 $125,060 $125,060 Drywall-Bathroom partitions, interior walls $101,000 Furnishings / Microwave / Popcorn $20,000 $20,000 $20,000 Flooring - Polished Concrete/Sealer $27,500 Flooring Rubber $4,887 Painting $42,320 $28,000 $28,000 Millwork $12,000 $9,410 $9,410 Fire Extinguishers $350 $650 $650 Fire Alarm $15,000 $0 $0 Insulation - Hot Water Heater, Mixing Valve $5,770 $5,770 $5,770 Striping $6,000 $12,800 $12,800 Building CleanUp $22,064 $22,064 $22,064 Swings $3,000 $3,000 $3,000 Small Workout Room $10,000 $10,000 $10,000 Business Centers with Computers $5,000 $5,000 $5,000 Trash Cans - Concrete $2,000 $2,000 $2,000 Cigarette Disposal Containers - 8 $700 $700 $700 Rubber Mats $800 $800 $800 Dog Bag Dispensers - 10 $1,600 $1,600 $1,600 Build out of Exterior OFFICE Office Computers - Manager & Front Desk $3,000 $3,000 $3,000 Computer System / Software $1,000 $1,000 $1,000 Safe $1,000 $1,000 $1,000 Office Supplies $1,500 $1,500 $1,500 Lock Smith - Rekey $700 $700 $700 Cash Drawers (2) $1,500 $1,500 $1,500 Alarm MULTIFUNCTION BLDG > Kit-Includes Maintenance Room, Water Well Equipment Room, Dog Washing Station, Golf Carts Building $20,192 > Erection $10,000 > Dog Washing Equipment $5,000 $5,000 $5,000 > Air Compressor $2,000 $2,000 $2,000 > Golf Carts - 3 $9,000 $9,000 $9,000 Build out Recreations Bldg/Outdoor Kitchen/Golf Cart Bldg, Water Pressure Bldg, Gazabo Columns: 3-5/8" 18ga. Metal Studs for Exterior Walls & 3- 5/8", 6" and 1-1/2 Furring Channel @ Interior Walls of Recreation Bldg. 5/8" Drywall (5/8" MR Drywall in Wet Areas)

• n Interior Walls per plans

R11 & R19 Unfaced Insulation @ Interior Partition Walls and Exterior Walls per Plans

COMMUNITY RV TEXAS CITY

PROJECT COST ESTIMATES/BID/ACTUAL

Top Out MCU Wall with sheetrock Furrdowns per Plans $30,544 $30,544 Ceiling Fiberglass Insulation $5,475 $5,475 Build Out Exteriors Perimeter Exterior Walls tobe 6" 18ga. Metal Studs on Recreationsl Bldg. 3-5/8" 18ga. Metal Studs on Exterior of Misc.

• Bldgs. Per Plans

1/2" Pressure Treated Plywood Sheathing on Exterior Tyvek House Wrap over all Exterior Plywood Sheathing 7-1/2" Cedarmill HardiPlank Lap saiding on Exterior of all Buildings Wood Blocking @ Columns per Plans $149,557 $149,557 (20) FS-406 Galvanized Formed Steel Louvres @Soffit Walkways $20,415 $20,415 Ceilings 15/16" White Prelude XL Grid & 2x2 Armstrong Fine Fissured #1728 Lay In Tile $1,500 $1,500 15/16" White Prelude XL Grid & 2x2 Armstrong Fine Fissured #1728 Lay In Tile $4,631 $4,631

• Gyp. Board Ceilings @ 10' in Rooms per Plans

and Sitting Room with Furred out beams $5,155 $5,155 Finishes Tape & Float all New Drywall Under Ceilings and Gyp. Ceilings to Level 4 Finish $8,897 $8,897 13: Gray Anti-slip Ceramic Tile on Men's and Women's Restroom Floors and 3" Ceramic Tile Cove Base to Match with Dark Grout $21,984 $21,984 Standard Color VCT Tile in Laundry Room, Sitting Room, Reception and Office Area $5,510 $5,510 Baltic Brown Granite Countertops with 4" backsplash @ Outdoor Kitchen $3,675 $3,675 Restroom Accessories Solid Plastic Toilet Partitions in Men's and Women's Restrooms $8,809 $8,809 Furnish & Install Grab Bars, Soap Dispensers, Toilet Tissue Dispensers, Toilet Tissue Sanitary & Seat Cover Disposals and Sanitary & Toilet Tissue Dispensers $3,042 $3,042 Doors, Frames & Hardware

COMMUNITY RV TEXAS CITY

PROJECT COST ESTIMATES/BID/ACTUAL

Furnish and install (9) Fiberglass Frames, (9) Fiberglass Doors & Hardware in Showers Restroom Vestibule Area. Furnish and install (23) Hollow Metal Frames,(27) Hollow Metal Doors,and Hardware per packing slip in Recreational Bldg., Pump House, Workship, and Water Well House $78,172 $78,172 Equipment Rental Scissor Lift & Man Lift Rental $10,000 $10,000 Washers/Dryers $90,791 $90,791 $90,791 Laundry Room - Fixtures & Equipment $3,000 $3,000 $3,000 TOTAL REC BLDG/OUT BLDGS BOOSTER PUMP Building $6,000 Equipment $35,000 $35,000 $35,000 POOL Pool and Equipment $165,000 $165,000 $165,000 Pool Canopy - Kit $14,000 $14,000 $14,000 Pool Canopy - Erection $3,500 $0 $0 Pool - Equipment Screen $5,000 Pool - Furniture $5,000 $5,000 $5,000 WATER PRESSURE BUILDING Water Pressure Building-Kit $6,784 $6,784 $6,784 Water Pressure Building-Erection $5,000 ELECTRONICS Wifi $25,000 $25,000 $25,000 Satellite TV $55,000 $55,000 $55,000 MANAGER HOUSE Managers House $50,000 $50,000 $50,000 Carport for Manager house $6,500 $6,500 $6,500 Managers House - hookup $6,000 $6,000 $6,000 SIGNS Signs - Misc In Park $2,000 $2,000 $2,000 Sign - Marquee $35,000 $35,000 $35,000 Signs - Temporary $2,000 $2,000 $2,000 TOTAL REC BUILDING & RELATED OPERATING EQUIPMENT

COMMUNITY RV TEXAS CITY

PROJECT COST ESTIMATES/BID/ACTUAL

Mail Boxes $3,500 $3,500 Lawn Mowers $20,000 Golf Carts For Office - 2 $6,000 $6,000 $6,000 SUV Cart $10,000 Tools $1,000 $800 $800.00 TOTAL OPERATING EQUIPMENT MISC. Contingency $556,137 $560,074 $560,074 Property Taxes $12,012 $12,012 $12,012 Bank Loan Fee $84,000 $84,000 $84,000 Texas Margin Tax - 1% $68,731 $68,731 $68,731 Lease Up $250,000 $250,000 $250,000 Contractor Fee $600,000 $600,000 $600,000 TOTAL ALL COSTS $12,000,000 $11,878,000 $3,600,000 $8,278,000 $3,600,000 $8,278,000 CGP LENDER

Michael Bell Current Responsibilities Michael Bell currently is the Member/Manager of Cedar Grove Park LLC, a $12M, 264 site, institutional investment grade RV Resort in Baytown, Texas, and is the Member/Manager of WGB RV Parks LLC, which owns 3 RV Resorts totaling $6M, for a total of 279 sites: Lazy Days RV Resort in Hitchcock, Texas; Little Thicket RV Resort in La Marque, Texas; Park On The Lake RV Resort, Lake Conroe, Texas. Additionally, he is a Member of Texas Bastrop LLC, which is developing a boutique hotel in the EaDo District, adjacent to the BBVA Compass - Texas Soccer Stadium.

• Mr. Bell recently created the Community RV Resorts group to develop and
• perate 10 institutional investment grade RV Resorts along the Texas-Louisiana Gulf Coast, to

service the upscale contract workers involved in the dramatic expansion of refineries along the Gulf Coast. Experience

• Mr. Bell practiced as a Certified Public Accountant, doing tax and audit work, for Peat, Marwick,

Mitchell & Co. (now KPMG) beginning in 1974. Some years later Mr. Bell left to operate his own CPA firm until 1998. While president of his CPA firm, Mr. Bell gave speeches, presentations, and seminars, and wrote many trade articles regarding real estate tax and financing issues, including a book describing various creative techniques utilizing the advantages of Sec. 1031 Exchanges. During that time he was involved in many civic associations, was treasurer of the National Kidney Foundation for Houston, treasurer for the Museum District Development Association in Houston, and on the Board of Directors and Treasurer of the Museum District Business Alliance in Houston. After selling his CPA firm to one of the national CPA firms, Mr. Bell created Heights Equity Funding

• Corp. for the purpose of buying, renovating, and holding real estate investment properties.

Education and Certificates

• Mr. Bell attended University of Missouri, and graduated from the University of Oklahoma. While

practicing as a CPA, he held CPA certificates in both Oklahoma and Texas.

Team Profile

Rudy Hubbard Managing Director Rudy.Hubbard@am.jll.com 713.425.5853 Current Responsibilities Rudy Hubbard is a Managing Director within JLL’s Capital Markets Group in Houston, where he focuses on the disposition of

• ffice properties with a particular focus in the Southwest U.S. Mr. Hubbard also works closely with leasing and management

personnel to advise clients on valuation maximization strategies and create optimal exit strategies for single assets and portfolios. Experience In his role, Mr. Hubbard oversees the firm’s investment sales services in Houston and throughout the Gulf Coast region. Mr. Hubbard has more than 28 years of experience in commercial real estate and has represented both private and institutional clients in the sale of investment properties valued in excess of $10 billion. He has been retained by institutional clients such as Invesco, Prudential, DRA Advisors, Hines, Lincoln National Life, John Hancock, CDI International, TA Associates, Henderson Advisors, Concert Realty (formerly ING Realty), CMD, Heitman, C-III Capital, LNR and many other notable companies, and he has completed multiple transactions in Houston, Dallas, San Antonio, Austin, Phoenix, Denver and Las Vegas. Prior to joining JLL, Mr. Hubbard was Managing Director of investment sales for Transwestern in Houston. He was previously a Senior Vice President at Trione and Gordon, now CBRE, and a consultant with NCNB Texas, now Bank of America, where he sold over $700 million in foreclosed properties. Through his extensive experience in real estate and his focus and expertise in the investment services sector, he has developed an extensive network of resources throughout the industry. Education and Awards

• Mr. Hubbard holds a Bachelor of Science degree in English and Business from Florida State University and has been selected

by Commercial Property News as one of the nation’s Top 24 commercial real estate brokers. Notable Recent Houston Transactions

Property Submarket Size Seller Buyer Williams Tower Galleria 1,500,000 SF Hines Invesco 800 Bell CBD 1,248,000 SF ExxonMobil Shorenstein Properties Pin Oak Office Park Bellaire 504,721 SF McCord Development Investcorp One Westchase Center Westchase 466,137 SF LNR Partners Investcorp 500 Jefferson CBD 390,479 SF WP Carey Quinlan Investments Life Science Plaza Med Center 345,473 SF Metrontario Group CS Capital Management Academy HQ Sale/Leaseback Energy Corridor 217,000 SF Academy Sports & Outdoors Moody National Town & Country Office Towers Energy Corridor 201,642 SF Colina West Ltd. Midway Companies 1500 City West Blvd. Westchase 192,313 SF MetroNational Unilev Capital Corp Westchase Corporate Center Westchase 184,239 SF DRA Advisors Clarion Partners 1800 Bering Galleria 170,881 SF Fuller Realty Partners KBS Realty Columbia Centre Westchase 166,720 SF TA Associates Dornin Investment Group Upstream Research Center Greenway Plaza 16.88 acres ExxonMobil Spear Street Capital

20

“Innovation by the team should be a constant. If we are not innovating, we will be left behind.” – Douglas D. Shanda As Senior Vice President of Operations for Cheniere Energy Inc., Douglas Shanda drives continuous operational excellence, profitability, organizational efficiency and growth. With over twenty-two years in the power, chemical, petrochemical, refining and LNG industries, Douglas believes that developing employee performance and enriching cross-functional teams will result in safe and reliable operations. He directs efforts in financial and operational excellence reaching and surpassing strategic corporate goals. As a member of the senior executive leadership team at Cheniere Energy, Douglas is performance driven, championing safety with quality and leads by example. Prior to joining Cheniere, Douglas served as Senior Project Engineer, Technical Manager and Plant Manager of the PERU LNG liquefaction plant where he oversaw the management of the facility including production, marine, maintenance, technical services, EHS, security and

• administration. He has worked as Director of Technical Services with accountability in the

development of operations, budget, business and systems processes and planning. He has worked as Project Manager on major chemical, petrochemical and power projects. His work and early career centered on electrical, instrumental and control engineering. Douglas has a B.S. degree in Electrical Engineering from Iowa State University. He serves as board member for INGAA and as a Director on the board for The Alley Theatre. Douglas resides in Houston, Texas with his family. Ddshanda69@gmail.com (713) 315-0340

Executive Biography Douglas D. Shanda

John David Hammond

2909 Argonne Street Houston, Texas 77098 713-703-4360

Universityrealestate@gmail.com

John D. Hammond is currently the President and CEO of Riverway Title and the President of University Real Estate Services. In 1997, John began his commercial title insurance career in Houston with Partners Title (1997-1998). He was hired by Old Republic Title/Houston Title (1999-2005) to start up the Commercial Division. In May of 2005 he joined forces with William “Vic” Condrey at First American Title – Tanglewood (2005-2012) to manage the Commercial Division. In May of 2012, First American Title - Tanglewood merged into Riverway Title. On November 25, 2015, Mr. Hammond purchased Riverway Title. His vast knowledge of commercial real estate and title insurance helps him assist his clients in every facet of their commercial transaction from start to finish. With experience in all types of commercial property transactions, John’s network of business contacts and relationships in the multi-family industry has made Riverway Title one of the premier commercial title companies in Texas to handle any type of commercial transaction throughout Texas. John has been in the Houston commercial real estate arena since 1982 as an owner and

• broker. He started his commercial real estate career with Marcus & Millichap in

Multifamily Investment sales. In 1985 he and his partner started Rayco Equites, a commercial real estate syndication firm. Due to the 1986 tax reform, Rayco Equites was force out of business and John went to work for Rubloff Realty to manage a portfolio of Downtown Houston Office Buildings. John purchased his first apartment complex in 1986 and has been active in buying and selling commercial properties ever since. John received his Bachelor of Business with honors and Masters Degree from the University of Houston. He is a member of the International Council of Shopping Centers, Houston Association Of Realtors, Bayou City Breakfast Club, and Braeburn County Club. He is a Founding Investor of the University Of Houston C.T. Bauer Graduate Real Estate Program where he currently serves on the Executive Advisory Board and the Finance

• Committee. He is also a Founding Stakeholder of the School of Entrepreneurship at the

University Of Houston. John is a licensed Real Estate Broker in Texas, a Life Member of the Sigma Chi Fraternity and a Life Member of the University Of Houston Alumni Association.