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Commercial Real Estate Quarterly Review www.OldhamGoodwin.com 4th Quarter 2009 Commercial Quarterly Retail • Office • Industrial • Multifamily • Land • Hospitality West Fort Worth, Texas
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Oldham Goodwin's Commercial Quarterly | 4th Quarter 2009

Mar 16, 2016

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Showcasing some of the great commercial real estate opportunites in the Bryan/College Station area and the talented individuals that sall, lease, manage and develop them.
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Page 1: Oldham Goodwin's Commercial Quarterly | 4th Quarter 2009

Commercial Real Estate Quarterly Review

www.OldhamGoodwin.com

4th Quarter2009

Commercial QuarterlyRetail • Office • Industrial • Multifamily • Land • Hospitality

West Fort Worth, Texas

Page 2: Oldham Goodwin's Commercial Quarterly | 4th Quarter 2009

2 979.268.2000 • www.OldhamGoodwin.com

4th Quarter 2009Commercial Quarterly

Editor & Graphic Design: Dale Sandlin Volume 1, Issue 2© 2009 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.

Brokerage Division Profile

About the Cover: Staybridge Suites West Fort Worth – Located on the west side of Fort Worth, Staybridge Suites is convenient to everything you need. This 86 room suite hotel features a hot breakfast buffet, stadium seating media room, state of the art fitness & business center, and free wired and hard wired internet. Having won the JD Power Award for 2009, Staybridge Suites is one of the best extended stay hotel chains. For reservations visit www.OldhamGoodwin.com.

Who We AreHeadquartered in College Station, The Oldham Goodwin Group (formerly The Oldham Group) is only one of two companies providing dedicated commercial real estate brokerage services in the Brazos Valley. The foundation of our brokerage division is our intimate knowledge of the local market. Our experts have over 35 years of combined experience in maintaining brokerage relationships in local and regional markets, which enables us to be the region’s best information source and transaction service provider.

In 2008, The Oldham Goodwin Group closed multi-million dollar brokerage transactions for private and institutional investors, multi-million dollar development transactions and managed several hundred-million dollars in real estate assets. By closing more transactions than most of our competitors, our brokerage professionals are able to provide clients with an unparalleled perspec-tive on the local and regional commercial real estate market. These transactions include shopping centers, office and industrial buildings, multifamily properties, single-tenant net-lease properties, hotels, self storage and land.

The Oldham Goodwin Group has established itself as a leading and expanding commercial real estate brokerage company with multiple brokers and over 250 employees serving secondary and tertiary markets across the state. A service business is only as good as the people that serve. This is why Oldham Goodwin’s success is gauged by quantifiable results achieved with the dedication and professionalism of our employees.

Mission of The Oldham Goodwin Group, LLCMaximize value creation for all stakeholders by providing integrated commercial real estate services to select market seg-ments. We have a distinct accessible expertise and connection with our target markets.

Note: All Locations Are Approximate

LubbockFort Worth

Granbury

KilleenAustin

New Braunfels

Freer

Bryan/College Station

Hempstead

Recent Brokerage Transaction Locations2008 Brokerage Transactions (As A Percentage)

20% Multifamily

25% Land

10% Industrial

10% Hospitality

15% Retail15% Office

5% Self Storage

RetailOfficeIndustrial

MultifamilyHospitalitySelf Storage

Land

Bellville

Somerville

Houston

Page 3: Oldham Goodwin's Commercial Quarterly | 4th Quarter 2009

3979.268.2000 • www.OldhamGoodwin.com

4th Quarter 2009Commercial Quarterly

Property Items ExplainedFeatured Properties

Visit www.OldhamGoodwin.com

New quality construction, built in 2008 •Modern open area office floor plan, high ex-

posed ceilings • Stone/Stucco exterior with glass storefront • Convenient access to several major thoroughfares • High growth area of Bryan

3010 East Villa Maria | Bryan

For Sale

15

For Sale or Lease: This box descirbes whether the property is For Sale, For Lease, Sold or 100% Leased.

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

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

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

Page 4: Oldham Goodwin's Commercial Quarterly | 4th Quarter 2009

4 979.268.2000 • www.OldhamGoodwin.com

4th Quarter 2009Commercial Quarterly

It is no secret that the current economic recession has fostered a very unfriendly lending environment for small businesses. Small businesses looking to expand their current facilities or acquire new and larger facilities have often been met by a slamming door. Once reliable conventional commercial real estate lenders, both local and national, have clamped down underwriting policies. High loan to value ratios, short term notes, variable interest rates and additional collateral requirements have become the norm for conventional commercial real estate lending. These factors have paved the road that is lead-ing small businesses to government loan programs provided through the United States Small Business Administration and the United States Department of Agriculture. This article is intended to describe three very popular sources of funding for small businesses planning to acquire new or larger facilities.

SBA 7(a) ProgramThe SBA 7(a) program is the primary and most commonly utilized loan program provided by the Small Business Administration as well as the most flexible. Loans for commercial real estate generally have repayment terms of up to twenty five (25) years. In the 7(a) program, the small business applies for financing with a commercial lender and the SBA will guaranty a percentage of the debt. If the borrower does not repay the loan, the SBA will reimburse the lender up to the percentage of the loan that they have guaranteed. This structure gives commercial lenders the security to make loans with less stringent underwriting requirements that would otherwise be impossible.

While the 7(a) program is the most popular option, it currently has one significant downfall, interest rates are most likely going to be variable or fixed for a very short term such as three (3) years. The interest rate on the 7(a) program is negotiated between the lender and the borrower and is typically tied to the Prime rate, which was 3.25% at the time of this article. It is easy to see that the interest rate for this SBA loan has the potential to be quite low, however it will likely not be fixed and has the potential to balloon in the future.

SBA 504 ProgramGiven lenders general unwillingness to fix interest rates in the current market, there is another loan with a partial guarantee from the SBA that is gaining popularity in the small business community. This is the SBA 504 Program which focuses on providing small business with the option for long-term, fixed-rate financing to purchase real estate and other fixed assets. SBA 504 loans are administered by CDCs or Certified Development Companies. A CDC is a private, nonprofit corporation formed to foster economic development for specific com-munities.

The loan is typically structured with the commercial lender financing 50% and taking the first lien position, the CDC financing 40% and taking the second lien position, and the borrower providing 10% of the equity. The final product is actually two loans, one with the pri-vate commercial lender and one with the CDC/SBA. The CDC/SBA portion of the loan can have a fixed rate term of up to twenty (20) years and the private lender has the option to negotiate its fixed rate terms directly with the borrower. This structure gives the lender a low Loan-to-Value, as well as a first lien position, and a creative way to provide financing to its small business customers. It offers buyers an option for long-term, fixed-rate financing with as little as a 10% equity contribution.

USDA B&I Loan ProgramThe United States Department of Agriculture offers the Business and Industry loan program. This intent of the B&I program is to improve, develop or finance projects that improve the economic climate of ru-ral communities. The program is an excellent option for small business real estate purchases but is limited to rural areas. The rural area must be beyond any 50,000 + population city and its urbanized periphery.

Similar to the SBA 7(a) program, interest rates are negotiated be-tween the lender and the borrower and the USDA guarantees a cer-tain percentage of the loan, typically up to 80% for loans under $5 million. This program offers loan terms of up to thirty (30) years with the borrower’s equity position being as low as 20%. It is an excellent program for lenders to participate in secondary markets and gives businesses in rural communities a competitive financing option.

With the complexity of the commercial real estate market and the challenges that small businesses face with obtaining financing in today’s market, it is critically important to seek the help of a profes-sional in industry to assist with acquiring Retail, Office or Industrial real estate. If you are a business seeking to expand or acquire larger facilities, the Commercial Group at Oldham Goodwin is com-mitted to providing you with unmatched local market knowledge and specific commercial real estate expertise.

Alternative Financing For Commercial Properties

Clinton D. OldhamSenior Broker Associate - Commercial Group

c [email protected]

Page 5: Oldham Goodwin's Commercial Quarterly | 4th Quarter 2009

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RECENT TRANSACTIONS

979.268.2000 • www.OldhamGoodwin.com

4th Quarter 2009Commercial Quarterly

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 41,085 SF Retail Shopping Center

Commercial Properties For Sale

~156,000 SF Manufacturing Facil-ity • Union Pacific Rail Spur Access •

Priced Below Replacement Cost

Highly Visible, Hard Corner Texas Av-enue Location • Upside Potential With Lease Up Of Vacant Space • National

Tenant – Very Successful Location

~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

~5,850 SF On Over 3.65 Acres In East Brazos Industrial Park • Priced Below

Replacement Cost $35.72 Per SF • Built In Metal Storage Racks In Shop Area

3385 San Gabriel | Hearne

For SaleRent-A-Center Building | Bryan

For Sale805 S. Texas | Bryan

For Sale

6250 Fourwinds Drive | Bryan

For Sale

1 2 3

4

For More Information Contact:

Clinton D. OldhamSenior Broker Associate

Commercial Groupp 979.268.2000f 979.846.7020c 409.781.7734

[email protected]

~ 1,560 SF Retail Quick Lube Facility • Highly Visible Texas Avenue • Abundant Traf-fic Counts • Near Super Walmart Redevelop-

ment • Ready To Open, All FF&E Conveys

Ready To Develop Office Tracts In Up-scale Park Hudson • All Utilities Available To Site • ~39,640 – 54,014 SF • Archi-tectural Controls And Deed Restrictions

3100 Texas Ave | College Station

For SalePark Hudson Lots | Bryan

For Sale

5 6

Page 6: Oldham Goodwin's Commercial Quarterly | 4th Quarter 2009

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RECENT TRANSACTIONS

979.268.2000 • www.OldhamGoodwin.com

4th Quarter 2009Commercial Quarterly

Commercial Properties For Sale

100% NNN Leased Office Building • Fiber Optic Connectivity • Built In

Rental Escalations • SH 6 South Front-age & South College Station Location

3600 SH 6 South | College Station

For Sale

7

For More Information Contact:

Clinton D. OldhamSenior Broker AssociateCommercial Groupp 979.268.2000f 979.846.7020c [email protected]

~15,000 SF Multi Tenant Office/Warehouse Space • Excellent Occupancy History With Great Cash Flow • Built In 2006 & Priced

Below Replacement Cost • Situated On Ad-ditional Developable Land Of 13.03 Acres

6240 Fourwinds Drive | Bryan

For Sale

8

~10,000 SF Office Warehouse Facil-ity • Central Downtown Bryan Loca-

tion • Fully Climate Controlled Ware-house & Shipping Area • 3 Phase Power With 1,200 Amp Service

Downtown Bryan Flex Space | Bryan

For Sale

9

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

3850 Corporate Center Drive | Bryan

For Sale

10

Highly Visible Hard Corner Office Building • 100% Occupied With Excellent History •

9.78% Cap Rate On Actual NOI • Projected 14.83% Cash On Cash Return • Adjacent Com-

mercial Lot Conveys At No Additional Cost

3501 Texas Avenue | Bryan

For Sale

11

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

Market Square Shopping Center | Brenham

For Sale

12

Oldham Goodwin represented the seller in the disposition of a 4,000 SF Office Building in Crescent

Pointe

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

Page 7: Oldham Goodwin's Commercial Quarterly | 4th Quarter 2009

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979.268.2000 • www.OldhamGoodwin.com

4th Quarter 2009Commercial Quarterly

Oldham Goodwin represented the seller in the disposition of a 6,500 SF

Office Complex

Oldham Goodwin represented the buyer in the acquisition of a 2,000 SF Retail Space on North-

gate

Commercial Properties For Sale

For More Information Contact:

Clinton D. OldhamSenior Broker Associate

Commercial Groupp 979.268.2000f 979.846.7020c 409.781.7734

[email protected]

High Volume Exxon Branded Gas Station/C-Store • Over 17,000 SF Attached In-Line Retail • Long Term Leases With Dollar Gen-eral & Subway Corporate • Highly Visible Location On US Highway 79 In Franklin, TX

Hwy 79 Shopping Center| Franklin

For Sale

13

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

For Medical Practitioner Owner Occupant

Bryan Medical Center | Bryan

For Sale

14

New quality construction, built in 2008 •Modern open area office floor plan, high ex-

posed ceilings • Stone/Stucco exterior with glass storefront • Convenient access to several major thoroughfares • High growth area of Bryan

3010 East Villa Maria | Bryan

For Sale

15

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

601 S Texas Avenue | Bryan

For Sale

16

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

United Plaza | College Station

For Sale

17

The Commercial Group at The Oldham Goodwin Group, LLC would be honored to have the opportunity to discuss our services with investors,

end users, and owner’s of Retail, Office and Industrial properties.

For more information regarding our brokerage and valuation services,

please contact me today.

Clinton D. OldhamSenior Broker Associate

Commercial Groupc 409.781.7734

[email protected]

Page 8: Oldham Goodwin's Commercial Quarterly | 4th Quarter 2009

8 979.268.2000 • www.OldhamGoodwin.com

4th Quarter 2009Commercial Quarterly

When making a decision to purchase or dispose of a land asset, many important factors come in to play. Some of the more com-mon issues that arise during the course of an average transac-tion come as a result of review of title, and more specifically the mineral estate and its effect on a given piece of property. With the recent spike in energy prices and subsequent explora-tion boom in the Texas oil and gas industry, mineral interest has become a major point of emphasis during the negotiation of contracts and in the subsequent due diligence period. A mineral right is technically defined as follows: “A mineral right is the right to extract a mineral from the earth or to receive

payment, in the form of a royalty, for the extraction of miner-als” (Source: Texas Railroad Commission). Depending on context, the term mineral may have several different meanings. In terms of real estate, mineral most commonly refers to “fossil fuels”, also known as oil, natural gas and coal. When an entity or an individual has an ownership interest in a property’s mineral rights, they also usually own the associated executive rights as well. Executive rights give the mineral owner the decision mak-ing authority when it comes to the negotiation and execution of mineral leases below the surface of a piece of property. While mineral rights themselves are not usually a major factor when it comes to the future development of land, they do carry value as a negotiating tool in both the acquisition and disposition of property, both commercial and recreational.

It is quite common that conveyance of mineral rights in a land transaction becomes the most pressing negotiating point, and sometimes even a deal breaker. Given today’s economic cli-mate and the recent rise in energy prices, sellers in possession of mineral rights are becoming more and more protective of them, especially in areas that can currently be defined as hot zones for oil field activity. This is understandable, as mineral owners have gotten in to mindset of seeing their mineral interest as a fu-ture financial windfall in the form of royalty payments, when the next gusher is drilled on their property. All of this makes it very difficult to acquire mineral rights in these times without paying a

significant premium for them. This creates quite a conundrum as land buyers seek to protect their investments in a state that has seen land prices rise rather sharply over the course of the last 10 years. Buyers are looking for some sort of protection and want the piece of mind that comes with knowing that at minimum they have some sort of control over the mineral activity on the property that they are about to purchase. Recreational buyers certainly don’t want to purchase their retirement home in the country, only to be overrun by drilling rigs and oil field service trucks at a later date. Commercial developers don’t want to see an oil well pad in place of their proposed hotel. Fortunately, there is some room for common ground that is beneficial to both buyers and sellers as shown in the proposed solutions below.

First and least common, is the conveyance of executive rights. In cases where oil field activity exists on a property and leases are active, the seller may convey a portion or all of their execu-tive rights to the buyer while still retaining current and future royalty payments. This gives a buyer the security of being in a position to approve or reject the execution of any new leases on the property in question.

On properties where oil field activity fails to exist, most com-monly on urban unimproved or commercial properties, we will see sellers offer full conveyance of surface rights. When mineral rights are unattainable, having full control of the surface use on a property is absolutely imperative for a prospective land owner for several reasons. Without surface control, title insur-ance becomes nearly impossible to acquire. Having surface control also affords the land owner the right to compensation for surface damages in the event of exploration activity on the property. Having surface control also puts a land owner in the position to negotiate with exploration companies, so that the in-stallation and location of any oil field infrastructure is as friendly as possible to the future use and development of the site.

Finally, there are obviously a myriad of other important issues affecting the sale and purchase of land assets. Investing in real estate is likely to be one of the most significant financial commit-ments you will make in your lifetime. For this reason, it is essential that all i’s are dotted and all t’s are crossed long before the ink begins to dry at the closing table. When the time comes to make a decision on a purchase or sale, it is always a good idea to hire a real estate attorney with proficiency in oil and gas matters to ensure that your transaction moves forward smoothly and efficiently.

Mineral Rights & Their Significance in Acquisition & Disposition of Raw Land Properties

Vernie D. BoddenSenior Sales Associate - Land Group

c [email protected]

Page 9: Oldham Goodwin's Commercial Quarterly | 4th Quarter 2009

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RECENT TRANSACTIONS

979.268.2000 • www.OldhamGoodwin.com

4th Quarter 2009Commercial Quarterly

Urban Land For Sale

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

3 Individual Office Lots • All Utilities Avail-able To Lot Line • Located In High Growth Corridor Of South College Station • In ETJ & Not Subject To College Station Zoning

~.95 Acres On The Corner Of Red-mond Drive & Texas • Prime Commercial Corner In The Heart Of College Station • Within ½ Mile Of Texas A&M University

• All Utilities Available To Site

~25 AC on Old Reliance Road

For Sale3 Office Lots on Greens Prairie Rd | College Station

For Sale~.95 AC Acres on Texas Avenue | College Station

For Sale

18 19 20

Ideal Office Or Specialty Retail Tract • Located Off Of Extremely Busy Thor-oughfare • Close Proximity To Various

National Retailers • All Utilities Available

~1.09 AC on Longwood Drive | Pearland

For Sale

21

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

recreational tract

Oldham Goodwin represented the buyer in

the acquisition of a 19 AC tract

For More Information Contact:

Vernie D. BoddenSenior Sales Associate

Land Groupp 979.268.2000f 979.846.7020c 979.777.4641

[email protected]

Excellent Location In Close Proximity To Texas A&M • Ideal For Medium Sized Multifamily

Development • All Utilities Available • In Close Proximity To TAMU Shuttle Stop

3.36 AC on Harvey Mitchell Pkwy | College Station

For Sale

22

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

~3.92 AC on N. Earl Rudder Fwy | Bryan

For Sale

23

Page 10: Oldham Goodwin's Commercial Quarterly | 4th Quarter 2009

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RECENT TRANSACTIONS

979.268.2000 • www.OldhamGoodwin.com

4th Quarter 2009Commercial Quarterly

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

~10 AC on FM 2818 | Bryan

For Sale

Urban Land For Sale

24

Ideal Light Industrial Tract • Access From 2 Roads • All City Utilities Avail-

able • In Close Proximity To State Highway 6 & Highway 21

~6 AC on Clarks Lane| Bryan

For Sale

Well Situated & Highly Developable • In High Growth Corridor Of Northeast

Bryan • All Utilities Available • Ideal For Restaurant Or Carwash User

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

2112 W. Briargate Drive | Bryan

For Sale~12.69 AC on S. Ranch Road 620 | Austin

For Sale

25

Oldham Goodwin represented the buyer in

the acquisition of a ~15 AC tract on Earl Rudder Free-

way

26

27

Ideally Located Commercial Tract • Quick Access To State Highway 6 • Ideal For Office Or Small Service

Company • All City Utilities Available

~1.29 AC on Associates| College Station

For Sale

28

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

~2.4 AC on Wilkes Street | Bryan

For Sale

29

Oldham Goodwin represented the seller in the

disposition of a ~2.4 AC tract on Autumn Lake Drive

For More Information Contact:

Vernie D. BoddenSenior Sales AssociateLand Groupp 979.268.2000f 979.846.7020c [email protected]

Page 11: Oldham Goodwin's Commercial Quarterly | 4th Quarter 2009

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RECENT TRANSACTIONS

979.268.2000 • www.OldhamGoodwin.com

4th Quarter 2009Commercial Quarterly

Oldham Goodwin represented the buyer in

the acquisition of a 53 AC tract for Commercial Expan-

sion

Oldham Goodwin represented the seller in

the disposition of a ~10 AC tract next to the College

Station Police Department

Urban Land For Sale

Highly Developable Tract In High Growth Corridor Of Northeast Bryan • Situated At A Signaled Intersection • Extrememly High Traf-

fic Counts • All City Utilities Available • Ideal For Neighborhood Retail Or Hotel Use

~4 AC on William J. Bryan Pkwy | Bryan

For Sale

30

Great Commercial Tract Centrally Located In College Station • Access From Texas Ave

& Morgans Lane • Ideal For Hotel Or Office Development • All City Utilities Available

~3.72 AC on Texas Ave | College Station

For Sale

31

~5.5 Acre Corner Commercial Tract • Ex-cellent Restaurant Or Drive Through Bank

Potential • Highly Accessible & Visible From Highway 6 • All Utilities Available

To Lot Line • Regional Detention

Tower Point Tract “B” | College Station

For Sale

32

~ 9.5 Acre Corner Commercial Tract • Ideal For Office Or Neighborhood Retail Development • Highly Accessible & Vis-ible From Highway 6 • All Utilities Avail-

able To Lot Line • Regional Detention

Tower Point Tract “C” | College Station

For Sale

33

~2.3 Acre Commercial Tract • Easily Divis-ible Into 2 Tracts • Ideal For Single Tenant Office Or Retail • All Utilities Available To

Lot Line • Regional Detention

Tower Point Tract “E3” | College Station

For Sale

34

Planned Commercial Development Ideal For Restaurant • Exceptional Location &

Visibility • Next To New IHOP • ~70,000 Vehicles Per Day On Highway 6

Boonville Town Center-Tract A | Bryan

For Sale

35

For More Information Contact:

Jesse C. DurdenSenior Sales Associate

Land Groupp 979.268.2000f 979.846.7020c 979.492.0425

[email protected]

Page 12: Oldham Goodwin's Commercial Quarterly | 4th Quarter 2009

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RECENT TRANSACTIONS

979.268.2000 • www.OldhamGoodwin.com

4th Quarter 2009Commercial Quarterly

Urban Land For Sale

Oldham Goodwin represented the buyer in

the acquisition of a ~2.86 AC tract on 29th Street in

Bryan

For More Information Contact:

Vernie D. BoddenSenior Sales AssociateLand Groupp 979.268.2000f 979.846.7020c [email protected]

Oldham Goodwin represented the seller in the disposition of a ~1 AC tract

on Earl Rudder Freeway

Planned Commercial Development Ideal For Retail Or Bank • Exceptional

Location & Visibility • Architectural Con-trols • Great Neighborhood Corner

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

Planned Commercial Development Ideal for Hotel or Mixed Use • Exceptional

Location and Visibility • Across From Five -Story, 100 Room, Best Western Atrea

Boonville Town Center-Tract B | Bryan

For SaleBoonville Town Center-Tract C | Bryan

For SaleBoonville Town Center-Tract D | Bryan

For Sale

36 37 38

Planned Commercial Development Ideal For Restaurant/Hotel/Retail/Mixed Use • Exceptional Location & Visibility • Ar-chitectural Controls • Deed Restrictions

Planned Commercial Development Ideal For Restaurant or Retail • Excep-tional Location & Visibility • ~70,000

Vehicles Per Day on Highway 6

Boonville Town Center-Tract E | Bryan

For SaleBoonville Town Center-Tract F | Bryan

For Sale

39 40

Commercial Development • Quick Access To Highway 30 & SH 6 • Office/Ware-house Users • Preliminary Site Plan &

Master Preliminary Plat Created

~6 AC on Associates Avenue | College Station

For Sale

41

Page 13: Oldham Goodwin's Commercial Quarterly | 4th Quarter 2009

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RECENT TRANSACTIONS

979.268.2000 • www.OldhamGoodwin.com

4th Quarter 2009Commercial Quarterly

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

For More Information Contact:

Jesse C. DurdenSenior Sales Associate

Land Groupp 979.268.2000f 979.846.7020c 979.492.0425

[email protected]

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

Future Commercial Use

10658 CR 175 | Iola

For Sale

43

Ideally Situated Tract In High Growth Buda, Texas • Close Proximity To Austin Metropolitan Area •

Within 1 Mile Of New Austin Toll Road • Within 2 Miles Of I-35 • Close Proximity To Super Walmart

& Cabelas Anchored Developments

5412 Satterwhite Road | Buda

For Sale

44

Good Residential Tract In Rapidly Growing Area • College Station ISD • Ideal For 1 To 3 Acre Lot Residential

Development

~11 AC on N. Graham Road | College Station

For Sale

45

Good Residential Tract In Rapidly Grow-ing Area • College Station ISD • Ideal

For 1 To 3 Acre Lot Residential Develop-ment

~11.26 AC on N. Graham Road | College Station

For Sale

46

Ideal Recreational Tract • Located In Direct Growth Path Of College Station • New Fencing & Entrance • Rolling Topog-

raphy With Large Trees

~68.6 AC on Taylor Road | College Station

For Sale

42

Outstanding Development Potential • Adjacent To BNSF Rail • Strong Rail Spur Potential • Industrial Neighbors/Zoning • Potential for R & D Facility

~120 AC in Washington County | Brenham

For Sale

47

Recreational & Farm/Ranch For Sale

Page 14: Oldham Goodwin's Commercial Quarterly | 4th Quarter 2009

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4th Quarter 2009Commercial Quarterly

Potential multifamily investors often know little about the busi-ness of leasing housing to tenants and how to evaluate op-portunities. Taxes, property management, industry knowledge, leverage and location are each vital to success. Below are some considerations when evaluating multifamily properties.

1. Taxes!Local County Appraisal Districts will seize the opportunity to readjust the taxable value and often substantially increase the annual tax burden when sales data is discovered. Po-tential investors often use the current property tax burden included in marketing materials when evaluating the profit-ability of a property. The prudent investor will anticipate the increased potential tax burden and evaluate the property accordingly.

2. “One size fits all?” – Property ManagementProperty management firms vary greatly in the scope and quality of the services they provide and the type of prop-erties that they can manage effectively. The selection of a management partner is the most important decision an inves-tor will make in the multifamily property acquisition process. It is important to understand how the management firm will handle the daily operations of the property. Will they em-ploy on site leasing and maintenance staff at the property or manage these tasks from offsite with third party contrac-tors? What does their periodic accounting report include? How often will the owner receive reports? What are the fees charged by the manager? How will they market the property to maintain high occupancy? After selection, it is important that the investor continue to demand the best efforts from the manager. The ownership of multifamily property is not and should not be treated as a passive investment. The highest return on investment requires constant attention by the owner.

3. EducationIt is imperative that the owner and manager regularly monitor lease rates of comparable properties in the area to maxi-

mize both occupancy and rental rates. Owners will also look at clever marketing strategies and assume that they will be able to increase both rent and occupancy. The uninformed and unsophisticated owner will apply marketing assumptions made by the seller’s agent as fact when evaluating the prop-erty. Prudent buyers will conduct their own due diligence with the help of professionals (engineers, commercial real estate agents, HVAC professionals, surveyors, city officials, lenders, etc.) to evaluate numerous factors that will aid in evaluating the future performance of the property. Finally buyers must understand who their tenants are and what will attract them to the subject property.

4. Don’t Get Greedy! Multifamily property ownership should not be analyzed on cash flow only. The buyer should ask themselves if simi-lar properties are appreciating and at what rate. The tax benefits of depreciation must also be considered. How the property is financed and how leverage is applied can pres-ent tremendous opportunities with multifamily investments. Potential investors must study and investigate appropriate loan to value amounts that will allow the property to oper-ate at desired returns. The lending environment has recently changed and now requires much more conservative loan to value ratios than in recent years. Prudent investors must plan to reinvest a portion of the income to insure the future perfor-mance of the asset.

5. It’s the Neighborhood!Location, location, location is the phrase often uttered when discussing real estate. This is true with multifamily property. The current surrounding properties and neighborhood will greatly impact the desirability of the subject property from the tenant’s perspective. Is the neighborhood deteriorating? What will the surrounding properties look like in 5 years? 10 years? If upgrades are made to the subject property to attract higher paying tenants, will that potential resident feel comfortable with the surrounding environment with regards to shopping, safety, convenience and access? Are investors, developers and homeowners attracted to this area and are they actively enhancing the neighborhood?

Multifamily ownership offers a tremendous way to build wealth. With diligent focus on operations and resident sat-isfaction, owners can maximize returns. If you would like to further discuss multifamily property investments please contact me for a private consultation.

Five Pitfalls Investors Make When Acquiring Multifamily Properties & How To Avoid Them

Rick LemonsSenior Broker Associate - Multifamily Group

c [email protected]

Page 15: Oldham Goodwin's Commercial Quarterly | 4th Quarter 2009

15

RECENT TRANSACTIONS

979.268.2000 • www.OldhamGoodwin.com

4th Quarter 2009Commercial Quarterly

Six Units • Convenient To Texas A&M • His-torical High Occupancy • Bike To Campus • Fenced Yard • Located In The Popular Johnson Elementary Attendance Zone

1831, 1833, 1835 Wilde Oak | Bryan

For Sale

Multifamily Properties For Sale

20 Units • Convenient To Texas A&M • On TAMU Bus Route • Fully-Equipped

Kitchens • W/D Included • Bike To Cam-pus • Polished Silver Fixtures

18 Units • W/D Included • Fully-Equipped Kitchens • Central A/C • Ceiling Fans • Fenced Yards • Indi-

vidually Metered

So Ho Lofts | Bryan

For SaleRock Hollow Loop Duplexes | Bryan

For Sale

Oldham Goodwin represented the buyer in the

acquisition of a 134 Unit, Student Oriented Apartment

Complex

48 49 50

For More Information Contact:

Rick LemonsSenior Broker Associate

Multifamily Groupp 979.268.2000f 979.846.7020c 979.255.1950

[email protected]

21 Units • Sloped, Nine Foot Ceilings • Fully-Equipped Kitchens • Hollywood-

Style Bath With 2 Vanity Areas & 2 Sinks • Ceiling Fans • Fenced Yards

Grey Wolf Trail Duplexes | College Station

For Sale

51

Historic Southgate Neighborhood • Walk To TAMU & Kyle Field • W/D Connections • Fenced Yards • Claw Foot Tubs • Slate

Countertops • Polished Silver Fixtures

Popular Northgate Neighborhood• Near TAMU Bus Route • Walk To TAMU • Fenced Yards • Convenient

To Texas A&M & Blinn College

300 Ayrshire | College Station

For Sale3907 Aspen | Bryan

For Sale

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

52 53

Page 16: Oldham Goodwin's Commercial Quarterly | 4th Quarter 2009

16

RECENT TRANSACTIONS

979.268.2000 • www.OldhamGoodwin.com

4th Quarter 2009Commercial Quarterly

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

Cambridge Court | College Station

For Lease

Office Properties For Lease

Located In Park Hudson • Adjacent To Adam Plaza & Crescent Pointe •

Customizable Floor Plan • ~3,984 SF Available

Centrally Located Within Bryan/Col-lege Station • Small To Mid-Sized Suite Configurations • Within ~1.5

Miles Of Texas A&M University

Williamsburg at Park Hudson | Bryan

For LeaseUnited Plaza | College Station

For Lease

54 55

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

College • Centrally Located

Executive Office Plaza | Bryan

For Lease

56

Prime Location On Hwy 6 • Near College Station Medical Center • ~4 Miles From TAMU • Range Of Avail-

able Spaces: ~259 - ~3,446 SF

Prosperity Bank Building | College Station

For Lease

57 58

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

Southwood Business Center | College Station

For Lease

59

Oldham Goodwin repre-sented the landlord in the lease for Willstaff World-

wide at University Park Plaza

Oldham Goodwin repre-sented the landlord in the

lease for Moore Militaria at 12777 Hwy 30

For More Information Contact:

Travis FincherLeasing Associatep 979.268.2000f 979.846.7020c [email protected]

Page 17: Oldham Goodwin's Commercial Quarterly | 4th Quarter 2009

17

RECENT TRANSACTIONS

979.268.2000 • www.OldhamGoodwin.com

4th Quarter 2009Commercial Quarterly

Oldham Goodwin repre-sented the landlord in the lease for Laraby Financial

at Oxford Court

Oldham Goodwin repre-sented the landlord in the lease for the U S Govern-ment at Southwood Business

Center

For More Information Contact:

Travis FincherLeasing Associatep 979.268.2000f 979.846.7020c 713.444.9326

[email protected]

Office Properties For Lease

Anchored By Proposed Super Walmart Of College Station • Great Access To The Center With Entrances On Longmire & Texas Avenue

• Available Space: ~800 - ~1,200 SF

~1.5 Miles From St Joseph Regional Health Center & ~1 Mile From Blinn

College • Range of Available Spaces:~ 1,500 - ~6,000

Southwood Plaza | College Station

For LeaseStar Tel Tower | Bryan

For Lease

60 61

Superior Construction • Near Tradi-tions Golf Course • Near Future Texas

A&M Health Science Center • Range of Available Spaces: ~465 - ~3,685 SF

Texas Enterprise Bank Building | Bryan

For Lease

62

Easily Accessed From Anywhere Within Bryan/College Station • Lo-cated Along Highway 6 • Great For

A Small To Medium Business

The Emporium | College Station

For Lease

63

Centrally-Located • High Traffic Counts • Dynamic Growth Area •

Range Of Available Spaces: ~3,000 - ~9,000 SF

University Park Plaza | College Station

For Lease

64

~1 Mile From Texas A&M University • One Block From Wolf Pen Creek Am-phitheater & Park • Range Of Avail-able Spaces: ~1,000 - ~3,524 SF

Wolf Pen Ridge | College Station

For Lease

65

Page 18: Oldham Goodwin's Commercial Quarterly | 4th Quarter 2009

18

RECENT TRANSACTIONS

979.268.2000 • www.OldhamGoodwin.com

4th Quarter 2009Commercial Quarterly

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

Oxford Court | College Station

100% Leased

Office Properties For Lease

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

Bryan Medical Center | Bryan

For Lease

66 67

Less than one mile from Blinn College • Small, mid and large sized suite configura-tions available • Less than 1/4 mile from

St. Joseph’s Regional Medical Center

Copper Chase Office Park | Bryan

For Lease

68

Oldham Goodwin repre-sented the landlord in the lease for At Home Proper-ties at Park Place Plaza

Oldham Goodwin repre-sented the landlord in the lease for C. E. Borman &

Associates at Star-Tel Tower

For More Information Contact:

Travis FincherLeasing Associatep 979.268.2000f 979.846.7020c [email protected]

Industrial Properties For Lease

~8,000 SF Commercial Building • Located Two Blocks From Downtown Bryan • Security System • Chainlink

Fenced Yard With Access Gate

Two Roll Up Doors • Fenced Yard Space • Paved Parking • Built in

2005

206 N. Sims | Bryan

For Lease12761 State Highway 30 | Bryan

100% Leased

69 70

For more information regarding our Office & Industrial Lease Services,

please contact me today.

Travis FincherLeasing Associatec 713.444.9326

[email protected]

Page 19: Oldham Goodwin's Commercial Quarterly | 4th Quarter 2009

19

RECENT TRANSACTIONS

979.268.2000 • www.OldhamGoodwin.com

4th Quarter 2009Commercial Quarterly

Retail Properties For Lease

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

University Shopping Center | College Station

For Lease

71

Convenient & Easy Access From Two Thor-oughfares • Recently Renovated • Excel-lent Visibility With Frontage On Texas Avenue • Available Space: ~1,250 SF

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

Park Central Center | Bryan

For Lease

Park Plaza Center | College Station

For Lease

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

Texas Avenue

Beverley Estates | Bryan

100% Leased

72 73

74

Oldham Goodwin repre-sented the landlord in the

lease for Shipwreck Grill at 206 E Villa Maria

For More Information Contact:

Robert J. YoungDirector of Commercial Leasing

Senior Broker Associatep 979.268.2000f 979.846.7020c 979.324.1717

[email protected]

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

Plazas at Rock Prairie | College Station

For LeasePost Oak Square | College Station

For Lease

75 76

Oldham Goodwin repre-sented the tenant in the

lease for Aggieland Outfit-ters at Post Oak Mall

Page 20: Oldham Goodwin's Commercial Quarterly | 4th Quarter 2009

20

RECENT TRANSACTIONS

979.268.2000 • www.OldhamGoodwin.com

4th Quarter 2009Commercial Quarterly

Retail Properties For Lease

Available Space: ~1,594 SF • Dy-namic Growth Area • Central Location With High Traffic Counts • Great Vis-ibility And Access On Texas Avenue

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

Building

Shops on Texas | College Station

For LeaseFreedom Center | Bryan

100% Leased

77 78

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

Southwest Crossing | College Station

For Lease

80

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

Market Square Shopping Center | Brenham

For Lease

79

~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

West Wind Shopping Center | Lubbock

For Lease

82

~3.5 Miles From Silverlake, A 3,500 Home Residential Development • ~5

Miles From The 288/518 Intersection • Available Space: ~2,200 SF

Longwood Crossing | Pearland

For Lease

81

Oldham Goodwin repre-sented the landlord in the

lease for Haix North Amer-ica at Southwest Crossing at

Bee Creek

Oldham Goodwin repre-sented the landlord in the

lease for BIG LOTS! at Uni-versity Shopping Center

For More Information Contact:

Robert J. YoungDirector of Commercial LeasingSenior Broker Associatep 979.268.2000f 979.846.7020c [email protected]

Page 21: Oldham Goodwin's Commercial Quarterly | 4th Quarter 2009

21

RECENT TRANSACTIONS

979.268.2000 • www.OldhamGoodwin.com

4th Quarter 2009Commercial Quarterly

Oldham Goodwin repre-sented Elements Therapuetic

Massage (the tenant) in the lease at Bryan Towne

Center

For More Information Contact:

Robert J. YoungDirector of Commercial Leasing

Senior Broker Associatep 979.268.2000f 979.846.7020c 979.324.1717

[email protected]

Oldham Goodwin repre-sented the tenant in the

lease for Smoothie King at HEB Shadow Center

Retail Properties For Lease

Total Capacity: ~18,000 SF • Range Of Available Spaces: ~1,000 - ~10,000

SF • Centrally Located In College Station With Quick Access To Highway 6

Crossroads Retail Center | College Station

For Lease

83

~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

Brookhaven Retail Center | Bryan

For Lease

84

Whether you or your firm are looking for up to date leasing information, examining market trends, or consid-ering a relocation, expansion, or opening a new business in the Bryan / College Station area, the Commercial

Leasing Division at The Oldham Goodwin Group, LLC is positioned to be the preferred resource to evaluate your specific leasing requirements. Our group specializes in the leasing of Office, Retail, and Industrial buildings and in the representation of Tenant’s that are searching for a perfect location combining visibility, rental rates, floor plan, accessibility, etc. If you are considering leasing space in today’s complex market, please contact our group

and allow us to provide you with the insight and accessible expertise you need to make an informed decision. For more information regarding our leasing services, please contact me today.

Robert J. YoungDirector of Commercial Leasing

Senior Broker Associatep 979.268.2000

[email protected]

Page 22: Oldham Goodwin's Commercial Quarterly | 4th Quarter 2009

22 979.268.2000 • www.OldhamGoodwin.com

4th Quarter 2009Commercial Quarterly

Property Locations

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.

1

N. Earl Rudder Fwy

6

6

6

6

2223

974

190

1179

2818

60

50

2818

2818

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1179

158

47

47

21 30Ha

rvey

Rd

Gree

ns P

rairie

Rd

Rock Prairie Rd

Barro

n Rd

Wellborn R

d N

Grah

am R

d

Boonville Rd

Texas Ave S

N Texas Ave

Mumford Rd

Sand

y Poin

t Rd

N Dowling Dr

S College Ave

Bryan

Unive

rsity

Dr

East 29th/Tarrow

W V

illa M

aria

Rd

Briar

crest

Dr

William J Bryan

Woo

dville

Rd

Holle

man

Dr

Geor

ge B

ush

Dr

Sout

hwes

t Pkw

y

William D. Fitch Pkwy

College Station

Wellborn

S Earl Rudder Fwy

Leon

ard Rd

Finfeather Rd

Welsh Ave

Wellborn Rd N

Fort Worth Dallas

Austin

San AntonioHouston

Bryan/College Station

1

1423

4

5

6

7

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7273

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7884

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43

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59

69

79

Lubbock82

Page 23: Oldham Goodwin's Commercial Quarterly | 4th Quarter 2009

23979.268.2000 • www.OldhamGoodwin.com

4th Quarter 2009Commercial Quarterly

Management Division Profile

For More Information About These Services, visit www.OldhamGoodwin.com.809 University Drive East, Suite 101ACollege Station, Texas | 77840O: 979.268.2000 | F: 979.846.7020www.OldhamGoodwin.com

Management Division Profile

Who We AreThe 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 ef-ficiency 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, In-novative Technology, and Transparency and Accountability.

Dedicated Asset ManagersOldham 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 SpecializationOldham Goodwin’s asset managers specialize in one of three classifications of real estate management: Multifamily, Hospi-tality, 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 AccountabilityOldham 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

Page 24: Oldham Goodwin's Commercial Quarterly | 4th Quarter 2009

4th Quarter 2009Commercial Quarterly

Rick Lemons Multifamily Group

Vernie D. Bodden, III Land Group

Robert J. Young Leasing Division

Daniel Powell Sales Division

Clinton D. Oldham Commercial Group

Jesse C. Durden Land Group

Travis M. Fincher Leasing Division

Erin Sissell Leasing Division

Senior Broker Associate

Senior Sales Associate

Senior Leasing Associate

Sales Coordinator, Associate Leasing Coordinator, Associate

Leasing Associate

Development Manager, SR Sales Associate

Senior Broker Associate

Jesse specializes in development and site selec-tion 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 | [email protected]

Travis graduated from Texas A&M where he excelled at marketing and property evaluation. He was intimately involved in real estate transac-tions from a young age working with his family members in the Houston market. Previously he held a job with The Staubach Company in Hous-ton where he assisted in market research.

C [email protected]

Erin coordinates leasing marketing and trans-action 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 | [email protected]

Daniel coordinates sales marketing and transac-tion 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 | [email protected]

Over the last 4 years, Robert has focused on increasing his understanding of the B/CS real es-tate 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 [email protected]

Vernie’s background in the ranching industry has enabled him to build a broad base of knowl-edge 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 larg-est retail and hospitality developers.

C [email protected]

Rick’s background encompasses over 20 years of hospitality and property management experi-ence 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 multifam-ily and single family properties to local and national investors.C 979.255.1950 | [email protected]

Clint represents our private investment and corporate clients in the acquisition and disposition of Retail, Of-fice and Industrial real estate. In addition to buyer and seller representation, Clint’s experience includes project leasing, tenant representation, as well as in-vestment 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.C 409.781.7734 | [email protected]

809 University Drive East, Suite 101ACollege Station, Texas | 77840

T 979.268.2000 | F 979.846.7020www.OldhamGoodwin.com

“Accessible Expertise”