Towngate Plaza - Garland, TX by STRIVE

TOWNGATE PLAZA GARLAND, TX DALLAS (MSA)

PRI C I N G & FI N A NC IA L ANALYS IS

TOWNG AT E P LAZ A - G AR LAND, T X

Towngate Plaza (As-Is) 1901 Northwest Hwy Garland, TX 75041

OFFERING SUMMARY Price Cap Rate Net Operating Income Price PSF

$4,940,000 6.25% $308,584 $125.29

Occupancy

73%

Year Built

1986

Gross Leasable Area Lot Size

39,426 SF 5 Acres

F I N A N C I A L A N A LY S I S

PRI C I N G & FI N A NC IA L ANALYS IS ( AS-IS)

PROJECTED INCOME & EXPENSES Base Rent - Occupied Space

73%

GROSS POTENTIAL RENT

TOWNG AT E P LAZ A - G AR LAND, T X

CURRENT

PSF

EXPENSES

$361,446

$9.17

$361,446

$9.17

Expense Reimbursements

CURRENT

PSF

Real Estate Taxes

$41,897

$1.06

Insurance

$29,309

$0.74

Total CAM

$109,250

$2.77

$15,150

$0.38

$195,606

$4.96

Real Estate Taxes

$30,575

$0.78

Management Fee

Insurance

$21,388

$0.54

Total Expenses

CAM

$79,725

$2.02

Management Fee

$11,056

$0.28

Total Expense Reimbursements

$142,744

$3.62

GROSS POTENTIAL INCOME

$504,190

$12.79

EFFECTIVE GROSS REVENUE

$504,190

$12.79

Real Estate Taxes

($41,897)

($1.06)

Insurance

($29,309)

($0.74)

CAM

($109,250)

($2.77)

($15,150)

($0.38)

Total Recoverable Expenses

($195,606)

($4.96)

Net Operating Income

$308,584

$7.83

3.00%

Operating Expenses

Management Fee

3.00%

For Financing Options, Please Contact: Greg Holley | Managing Partner High St Capital (O) 469-998-7200 | (C) 714.514.2990 gholley@highstcapital.com

F I N A N C I A L A N A LY S I S

RE NT RO L L ( A S-I S) Suite Suite

Tenant

103 Care N Cure Dental 1512-100 Starbucks

TOWNG AT E P LAZ A - G AR LAND, T X SQ FT

% of SQFT SQ FT

Start % of SQFT

2100

5.33% 2177

9/1/2011 18.81%

1512-104

Castle Hill Lash & Nails

1512-108

Carrollton Family Dental

1517-100

Smoothie King

1517-104

Pending Tenant

104 105

105A 106

Asian Market

2100

Vacant

Bermuda Insurance

1517-108

CBD Plus USA

1517-112

Marco's Pizza

107

Vet Clinic

2184

03/15/2018

2150

18.57%

03/12/2018

1336

11.54%

04/13/2018

1277

11.03%

07/01/2024

3.55%

8/1/2019

1232

10.64%

700

1.78%

End

PSF

9/30/2026 $28,350 $13.50 02/26/2018 02/29/2028

8/1/2022

1.83%

3753

Annual Rent

5.33%

723

1400

18.87%

End Start

7/31/2027

7/31/2024

Escalation Escalation Option Lease Options Escalation Escalation PSF Amount Type PSFAmount Options Lease Type Date Amount

10/1/2024 $46.99 $31,500 $102,300

03/31/2028

$76,246

$34.91

07/31/2028

$66,650

$31.00

04/12/2028

$52,906

$39.60

06/30/2029

$42,141

$33.00

$18,333

Escalation Annual Date Rent

$8.73 -

$14,000

$10.00

8/1/2025 -

$19,950

07/16/2018

08/31/2028

$46,856 5/1/2026 $38.09 $46,464

5/1/2025

$43,341

$12.00

07/31/2025

$45,036

$15.00 $52.21 1x5 $9.50

08/01/2019

10/31/2031

1x5

$34.10 -

$35.18

$35.61

NNN

MKT Rate

$35.88

$45,937

NNN 4 MKT x 5 RateNNN NNN

NNN NNN

NNN -

NNN

2x5 2% NNN $12.24 $12.48 $41.89 4 Increases x5 NNN Annually $12.73 $12.99$431,024* $13.25 $13.51 $13.78

9.52%

5/1/2024

1220

10.54%

Occupied

11,576

100.00%

Vacant

Total 3909

11,576 9.91%

100.00% 10/9/2017

2/29/2028

$46,908

$12.00

1x5

$54,726

NNN

5/1/2027 $47,793 $48,749 5/1/2028 $430,048 $37.15 $49,724 5/1/2029 5/1/2030 $50,718 $51,733 5/1/2031

108

Armstrong McCall Beauty Supply

200

FM Electronics

5474

13.88%

5/5/2023

5/31/2028

$41,876

$7.65

1x5

Greater of $46,064

NNN

208

Vacant

4500

11.41%

220

Fresenius Kidney Care

10035

25.45%

11/14/1994

11/30/2027

$105,368

$10.50

2x5

MKT Rate

NNN

225

Vacant

4732

12.00%

0.00%

10/15/2022

10/14/2032

$60,000

10/15/2027

$66,000

4x5

$72,600 $79,860 $87,846 $96,630

Ground Lease

Occupied

28,771

72.97%

$359,871

$12.51

Vacant

10,655

27.03%

Total

39,426

Ground

Scooter's Coffee

$361,446 (1)

(1) Analysis Start Date is 04/01/2024 and Takes Into Consideration a 1 Year Hold From This Date.

F I N A N C I A L A N A LY S I S

PRI C I N G & FI N A NC IA L ANALYS IS

TOWNG AT E P LAZ A - G AR LAND, T X

Towngate Plaza (Proforma) 1901 Northwest Hwy Garland, TX 75041

OFFERING SUMMARY Price Tenant Improvements Leasing Commisions Cap Rate Net Operating Income

$4,940,000 ($13.34 PSF) $142,120 (6.00%) $43,665 9.19% $470,859

Price PSF

$130.01

Occupancy

100%

Year Built

1986

Gross Leasable Area Lot Size

39,426 SF 5 Acres

F I N A N C I A L A N A LY S I S

PR I CIN GG&&FIFI NN ANC IAIA L LANALYS ISIS(PRO FO RMA) PRI CIN A NC ANALYS

PROFORMA INCOME & EXPENSES

TOWNG AT E P LAZ A - G AR LAND, T X

CURRENT

PSF

EXPENSES

CURRENT

PSF

Base Rent - Occupied Space

73%

$360,571

$12.53

Real Estate Taxes

$41,897

$1.06

Base Rent - Lease Up Space

27%

$145,629

$13.67

Insurance

$29,309

$0.74

$506,200

$26.20

Total CAM

$109,250

$2.77

$20,150

$0.51

$200,606

$4.96

GROSS POTENTIAL RENT Expense Reimbursements

Management Fee

Real Estate Taxes

$41,897

$1.06

Insurance

$29,309

$0.74

CAM

$109,250

$2.77

Management Fee

$20,150

$0.51

Total Expense Reimbursements

$200,606

$5.09

GROSS POTENTIAL INCOME

$706,806

$17.93

($35,340)

($0.90)

$671,465

$17.03

Real Estate Taxes

($41,897)

($1.06)

Insurance

($29,309)

($0.74)

CAM

($109,250)

($2.77)

($20,150)

($0.51)

Total Recoverable Expenses

($200,606)

($4.96)

Net Operating Income

$470,859

$11.94

Vacancy Factor

5.00%

EFFECTIVE GROSS REVENUE

Total Expenses

3.00%

Operating Expenses

Management Fee

3.00%

For Financing Options, Please Contact: Greg Holley | Managing Partner High St Capital (O) 469-998-7200 | (C) 714.514.2990 gholley@highstcapital.com

F I N A N C I A L A N A LY S I S

RE NT RO L L ( PROFOR MA) Suite Suite

Tenant

TOWNG AT E P LAZ A - G AR LAND, T X

SQ FT

% of SQFT SQ FT

Start % of SQFT

2100

5.33% 2177

9/1/2011 18.81%

103 Care N Cure Dental 1512-100 Starbucks

1512-104

Castle Hill Lash & Nails

1512-108

Carrollton Family Dental

1517-100

Smoothie King

1517-104

Pending Tenant

104 105

105A 106

Asian Market

Lease Up

Bermuda Insurance

1517-108

CBD Plus USA

1517-112

Marco's Pizza

107

2184

2100

Vet Clinic

5.33%

2150

723

1.83%

700

1.78%

1336 1277

1400 3753

3.55%

1232

9.52%

18.87%

8/1/2022

18.57%

6/01/2024

11.54%

6/01/2024

11.03% 8/1/2019

10.64%

5/1/2024

1220

10.54%

Occupied

11,576

100.00%

Vacant

Annual PSF Rent End

End Start

Escalation Annual Date Rent

Escalation Escalation Option Lease Options Escalation Escalation Amount PSF AmountLease Type PSF Options Date Amount

9/30/2026 $13.50 $102,300 10/1/2024 $46.99 $31,500 02/26/2018$28,350 02/29/2028

03/15/2018

1x5 - $15.00 $52.21

03/31/2028

$76,246

$34.91

03/12/2018

07/31/2028

$66,650

$31.00

04/13/2018

04/12/2028

$52,906

$39.60

07/01/2024

06/30/2029

$42,141

$33.00

7/31/2027

5/30/2029 5/30/2029 7/31/2024

$18,333

$10,845

$10,500

$14,000

$8.73

$15.00 $15.00

$10.00

8/1/2025 -

$19,950 -

08/01/2019

07/31/2025

$43,341

07/16/2018

08/31/2028

$46,856 5/1/2026 $38.09 $46,464

10/31/2031

$45,036

$12.00

5/1/2025

5/1/2027 5/1/2028 $430,048 5/1/2029 5/1/2030 5/1/2031

$9.50

$35.18

$45,937

$47,793 $48,749 $37.15 $49,724 $50,718 $51,733

$35.61

1x5

$12.24

MKT Rate

$34.10

NNN 4MKT x 5 Rate NNN

$35.88

2x5

- $12.48 $41.89

$12.73 $12.99 $431,024* $13.25 $13.51 $13.78

NNN

NNN -

NNN

4Increases x5 NNN Annually

Total 11,576 100.00% 3909 9.91% 10/9/2017 2/29/2028

$46,908

$12.00

1x5

$54,726

NNN

FM Electronics

5474

13.88%

5/5/2023

5/31/2028

$41,876

$7.65

1x5

Greater of $46,064 or MKT

NNN

208

Lease Up

4500

11.41%

6/01/2024

5/30/2029

$67,500

$15.00

220

Fresenius Kidney Care

10035

25.45%

11/14/1994

11/30/2027

$105,368

$10.50

2x5

MKT Rate

NNN

225

Lease Up

4732

12.00%

6/01/2024

5/30/2029

$56,784

$12.00

0.00%

10/15/2022

10/14/2032

$60,000

10/15/2027

$66,000

4x5

$72,600 $79,860 $87,846 $96,630

Ground Lease

Occupied

28,771

72.97%

$504,100

$17.51

Vacant

10,655

27.03%

Total

39,426

108

Armstrong McCall Beauty Supply

200

Scooter's Coffee

$506,200 (1)

(1) Analysis Start Date is 06/01/2024 and Takes Into Consideration a 1 Year Hold From This Date.

F I N A N C I A L A N A LY S I S

TE NA NT INF ORMAT I ON

TOWNG AT E P LAZ A - G AR LAND, T X

DBA

Fresenius Medical Care

Locations

4,000+ Locations

Public/Private

Public (NYSE: FMS)

Line of Business

Fresenius Medical Care AG & Co. KGaA is a German healthcare company which provides kidney dialysis services through a network of 4,171 outpatient dialysis centers, serving 345,425 patients. The company primarily treats end-stage renal disease (ESRD), which requires patients to undergo dialysis 3 times per week for the rest of their lives. With a global headquarters in Bad Homburg vor der Höhe, Germany, and a North American headquarters in Waltham, Massachusetts, it has a 38% market share of the dialysis market in the United States. The company is on the Best Employers List published by Forbes.

DBA

Scooter’s Coffee

Locations

750+ Locations

Public/Private

Private

Line of Business

In 1998, Scooter’s Coffee was born. Co-founders Don and Linda Eckles began an amazing journey when they opened their first drive-thru coffeehouse in Bellevue, Nebraska. Their keys to success: find a great location and stay committed to high-quality drinks, speed of service, and a BIG smile. Scooter’s Coffee is fortunate to have over two decades of success due to its commitment to the original business principles and company core values. Amazing People, Amazing Drinks…Amazingly Fast!

DBA

Armstrong McCall Professional Beauty Supply

Locations

170+ Locations

Public/Private

Public (NYSE: SBH)

Line of Business

Armstrong McCall is the marketer and distributor of top-of-the-line professional beauty supplies and salon furniture. Located across the United States Sun Belt and Mexico, our network of locally owned and operated beauty supply franchises offers full-service distribution to licensed professionals in the salon and spa industry. We sell wholesale directly to salons, stylists, nail technicians, estheticians and massage therapists and not to the general public. Armstrong McCall’s corporate headquarters is located in Austin, Texas.

PROPERTY DESCRIPTION

I N VE S TMENT HI GHLI GHT S

TOWNG AT E P LAZ A - G AR LAND, T X

• Value-Add 39,426 SF Neighborhood Shopping Center – Only 73% Occupied • Ability to Increase NOI Through Lease-Up & Raising Rents • Average Rent is Only $12.51/SF & Last 4 Leases Signed Included $0 in Tenant Improvements • Ability to Spin off Scooter’s Ground Lease • Several Recent Improvements – New Roof Put on in 2020, Façade was Renovated in 2022, & Retaining Wall on Back of Property Built in 2023 • Situated on the NEC of Northwest Highway & Towngate Blvd – Visible to Over 29,000 Vehicles per Day • Large Pylon Signage for Tenants to Advertise on Northwest Highway • Extremely Dense Demographics in Heart of Dallas County – Over 348,000 Residents in a 5 Mile Radius • Surrounding National Retailers Include Walmart Supercenter, Sam’s Club, Lowe’s Home Improvement, The Home Depot, Ross, Dollar Tree, ALDI, Goodwill, Office Depot, LA Fitness, Starbucks, Capital One Bank, Arby’s, Denny’s & Many More

PROPERTY DESCRIPTION

S I T E PL A N

TOWNG AT E P LAZ A - G AR LAND, T X

Vacant Cuquita’s

Vacant

Asian Market

Vacant

g on str all m Ar McC

Ebeneezer’s

Care n Cure Dental

Vacant

FM Electronics

PROPERTY DESCRIPTION

A E R I AL MA P

TOWNG AT E P LAZ A - G AR LAND, T X

ROUTH ROACH ELEMENTARY SCHOOL

NO RTHWEST HW Y

15 1,6

07 V

37,786 VPD

MONTCLAIR ELEMENTARY SCHOOL

MARKET OVERVIEW

LO C AL MA P

TOWNG AT E P LAZ A - G AR LAND, T X

MARKET OVERVIEW

REG IONA L MA P

TOWNG AT E P LAZ A - G AR LAND, T X

MARKET OVERVIEW

M A R KET S U MMARY

TOWNG AT E P LAZ A - G AR LAND, T X

Dallas - Fort Worth, TX

OVERVIEW Dallas encompasses half of the Dallas-Fort Worth Metroplex and is the third-largest city in Texas and the ninth-largest city in the United States. Dallas is home to the third-largest concentration of Fortune 500 companies in the country and is the largest economic center of the Dallas-Fort Worth metropolitan area. The Metroplex has strong submarket occupancy rates, is home to more shopping centers per capita and has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States. The city is the largest economic center of the 12-county Dallas–Fort Worth–Arlington metropolitan area, which had a population of 7,573,136 according to the U.S. Census Bureau’s 2019 population estimates. From 2010 to 2019, the DFW Metroplex had the largest numerical population growth of any MSA in the United States. The metropolitan economy is the fourth-largest and third-fastest growing in the United States, with a 2017 real GDP of $535.5 billion. In 2018, Dallas had both the highest job growth rate and the most jobs added in the nation, and is the fourth-largest employment center in the nation (behind New York

City, Los Angeles, and Chicago) with more than three million non-farm jobs. In the latest rankings released in 2018, Dallas was rated as a “beta plus” world city by the Globalization and World Cities Study Group & Network. Dallas is also ranked 14th in world rankings of GDP by the Organization for Economic Cooperation and Development. The DFW Metroplex has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States. As of 2020, the city of Dallas has 10 Fortune 500 companies, and the DFW region as a whole has 25. Dallas is the best-ranked city on the Regulatory Climate Index thanks to its efficient local regulations. Entrepreneurs and small businesses can expect a welcoming business environment across all five areas of local regulation. Dallas scores above average across each meaningful measure of an interaction that a business has with a local government agency through procedure, time, and cost. These rankings reflect the city’s continuing efforts to develop programs and initiatives to strengthen the business environment, provide access to capital, and encourage economic growth at the local level.

Q U I C K S TAT S

No.

4 5th 25

10K

Fastest Growing MSA in the U.S. from 2010 to 2019 (U.S. Census Bureau) Largest Metropolitan Area in the United States Fastest Growing Economy in the U.S. (Forbes) Fortune 500 Companies Call DFW Home (American City Business Journals) Home to over 10,000 corporate headquarters, making it the largest concentration in the U.S. MARKET OVERVIEW

D E M OG RA PHIC STAT I ST I CS

TOWNG AT E P LAZ A - G AR LAND, T X

1 Mile

3 Mile

5 Mile

Population

1 Mile

3 Mile

5 Mile

Households:

2010 Population

13,004

134,143

350,356

2010 Households

4,389

46,589

126,303

2023 Population

12,685

128,353

348,206

2023 Households

4,260

43,903

124,057

2028 Population Projection

12,261

123,611

337,637

2028 Household Projection

4,109

42,106

119,874

Median Age

33.2

34.1

34.5

Owner Occupied

1,887

24,174

63,137

Bachelor's Degree or Higher

12%

19%

22%

Renter Occupied

2,222

17,931

56,737

U.S. Armed Forces

164

Avg Household Size

2.9

2.8

Avg Household Vehicles

Total Consumer Spending

$117.7M

$1.2B

$3.5B

Population by Race White

9,775

100,092

245,124

Black

1,873

19,707

70,222

American Indian/Alaskan Native

151

1,868

4,504

Avg Household Income

$70,098

$72,351

$76,692

Asian

609

3,937

20,569

Median Household Income

$45,496

$55,303

$56,478

Hawaiian & Pacific Islander

176

393

< $25,000

796

7,662

21,915

Two or More Races

263

2,573

7,393

$25,000 - 50,000

1,443

12,238

33,446

Hispanic Origin

7,642

69,440

158,724

$50,000 - 75,000

592

9,205

24,588

$75,000 - 100,000

470

5,458

15,241

Housing

Income

Median Home Value

$210,211

$177,819

$196,634

$100,000 - 125,000

402

3,557

10,088

Median Year Built

1974

1969

1975

$125,000 - 150,000

183

2,137

6,179

$150,000 - 200,000

215

1,897

5,850

$200,000+

159

1,751

6,748

MARKET OVERVIEW

CONFIDENTIALITY AGREEMENT The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from STRIVE and it should not be made available to any other person or entity without the written consent of STRIVE. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to STRIVE. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. STRIVE has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, STRIVE has not verified, and will not verify, any of the information contained herein, nor has STRIVE conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT STRIVE AGENT FOR MORE DETAILS.

Commercial Disclaimer STRIVE hereby advises all prospective purchasers of commercial property as follows: The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, STRIVE has not and will not verify any of this information, nor has STRIVE conducted any investigation regarding these matters. STRIVE makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided. As the Buyer of a commercial property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. STRIVE expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a commercial property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any commercial property to determine to your satisfaction with the suitability of the property for your needs. Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenants and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenants history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term leases, including the likelihood of locating replacement tenants if any of the current tenants should default or abandon the property, and the lease terms that Buyer may be able to negotiate with any potential replacement tenants considering the location of the property, and Buyer’s legal ability to make alternate use of the property. By accepting this Marketing Brochure you agree to release STRIVE and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this commercial property.

Information About Brokerage Services Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. TYPES OF REAL ESTATE LICENSE HOLDERS: A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker. • A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material information about the property or transaction received by the broker; • • Answer the client’s questions and present any offer to or counter-offer from the client; and Treat all parties to a real estate transaction honestly and fairly. • A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent. AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by th e seller or seller’s agent. AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary: • Must treat all parties to the transaction impartially and fairly; • May, with the parties’ written consent, appoint a different license holder associated with the broker to each party (owner and • buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. • Must not, unless specifically authorized in writing to do so by the party, disclose: ӽ that the owner will accept a price less than the written asking price; ӽ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and ӽ any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law. AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: The broker’s duties and responsibilities to you, and your obligations under the representation agreement. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated. • LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

Regulated by the Texas Real Estate Commission

Information available at www.trec.texas.gov IABS 1-0

exclusively listed 469.844.8880

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