Park at Willowbrook...KET Enterprises Incorporated I 1770 St. James Pl, Suite 382 I Houston, TX 77056 I 713.355.4646 I Park at Willowbrook Park at Willowbrook 7100 Smiling Wood Lane

KET Enterprises Incorporated I 1770 St. James Pl, Suite 382 I Houston, TX 77056 I 713.355.4646 I www.ketent.com

Park at

Willowbrook

Park at Willowbrook ● 7100 Smiling Wood Lane ● Houston, TX 77086

Units: 229Avg Size: 772Date Built: 1984Rentable SF per HCAD: 173,505Acreage: 8.00Occupancy 95%Class: B

► Available Assumption Or New Loan

► Built in 1984 and Renovated in 2012/2013

► $1,825,000+ in Renovation Spent by Owner► Rental Income Increased Sharply Post Renovation

►

► Great Drive-By

► Houston Apartment Market is one of the largest in the US

► Strong Rental Market

► There is an RTC Lura In Place on 51 Units that Minimally Impacts the Asset

FOR MORE INFORMATION PLEASE CONTACT:

INVESTMENT HIGHLIGHTS

A P A R T M E N T S F O R S A L E M A R K E T P R I C E

Located in the Inwood Area of Northwest Houston

7100 Smiling Wood, Houston, TX 77086

Park at Willowbrook

KET ENTERPRISES INCORPORATED

1770 St. James Place I Suite 382 I Houston, TX 77056 www.ketent.com

Broker License #0406902

THE MATERIAL IN THIS REAL ESTATE OFFERING IS FOR USE ONLY BY KET ENTERPRISES INCORPORATED. USE BY ANOTHER PERSON OR COMPANY IS UNLAWFUL.

apartment homes

TOM WILKINSON Broker/Vice President

[email protected] 713-355-4646 ext 102



Asking Price New loan Est Mkt Rent (Dec-19)

Amortization (months) 3 Mo Avg

Debt Service Est Physical Occ (Jan-20)

Monthly I.O.

Interest Rate

Date Due

Water Meter RUBS Est Res for Repl/Unit/Yr

Prepayment

Pitched Transfer Fee

PRO-FORMA INCOMECurrent Street Rent with a 6% Increase $203,386 / Mo

Estimated Gross Scheduled Income $203,386 / Mo

Estimated Loss to Lease (1.5% of Total Street Rent) 1.50%

Estimated Vacancy (6% of Total Street Rent)Estimated Concessions and Other Rental Losses (4% of Total Street Rent) 4%

Estimated Utilities Income (electricity, water/sewer, trash & pest control)Estimated Other Income (including upgrade premium) $647 / Unit / Yr

Estimated Total Rental Income

ESTIMATED TOTAL PRO-FORMA INCOME $200,208 / Mo

3 Mo Avg Income Annualized

Fixed Expenses

Estimated

$1,821 per Unit $2,083 per Unit

GasUtility Billing Fees

Total Utilities $553 per Unit $553 per Unit

Other ExpensesGeneral & Admin & MarketingRepairs & MaintenanceLabor CostsContract ServicesManagement Fees 3.94% $401 per Unit 3.50% $367 per Unit

Total Other Expense $3,187 per Unit $2,681 per Unit

Total Operating Expense $5,561 per Unit $5,318 per Unit

Reserve for Replacement $300 per Unit $300 per Unit

Total Expense $5,861 per Unit $5,618 per Unit

Stabilized Net Operating Income

Asking Price

NOTES: ACTUALS: Income and Expenses calculated using owner's Jan '19 thru Dec '19 Expenses. PRO FORMA: Income is Pro Forma as Noted. Taxes were calculated using 2019 Tax Rate & Future Assessment. Insurance is estimated. Management Fees calculated as 3.5% of Gross Income, Other expenses are Estimated for the Pro Forma.

DISCLAIMER: The information contained herein has been obtained from sources that we deem reliable. We have no reason to doubt the accuracy of the information, but we have not verified it and make no guaranty, warranty or representation about it. It is your resonsibility to independently

confirm its accuracy and completeness. We have not determined whether the property complies with deed restrictions or any city licensing or ordinances including life safety compliance or if the property lies within a flood plain. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH

ITEM OF INCOME OR EXPENSE AND PERFORM OR HAVE PERFORMED ANY INSPECTIONS TO VERIFY POSSIBLE CONTAMINATION BY ASBESTOS, LEAD PAINT, MOLD OR ANY OTHER HAZARDOUS SUBSTANCES. The owner reserves the right to withdraw this listing or change the

price at anytime without notice during the marketing period.

1,342,178 1,286,423

985,731 1,116,074

MARKET MARKET

729,725 613,978

1,273,478 1,217,723

68,700 68,700

$89,227 $390 per Unit $45,800 $200 per Unit

$91,832 $84,087

$145,445 $635 per Unit $103,050 $450 per Unit

$312,341 $1,364 per Unit $312,341 $1,364 per Unit

126,665 126,665

Other Expenses Estimated Other Expenses

$90,880 $397 per Unit $68,700 $300 per Unit

Electricity $15,824 $69 per Unit $15,824 $69 per Unit

$76,300 $333 per Unit $76,300 $333 per UnitWater & Sewer

$103 per Unit$23,554 $23,554 $103 per Unit

$10,987 $48 per Unit $10,987 $48 per Unit

Total Fixed Expense 417,088 477,080

Utilities Utilities Estimated Utilities

Insurance $77,870 $340 per Unit $77,870 $340 per Unit

$339,218 $1,481 per Unit 12/19 trailing operating statement $399,210 $1,743 per Unit 2019 Tax Rate & Future AssessmentProperty Taxes & Franchise Taxes

$2,327,909

EXPENSE Jan '19 thru Dec '19 Expenses Estimated Future Expenses

Fixed Expenses Estimated Fixed Expenses

2,402,497

2,402,497

(97,625)

94,453 $412 / Unit / Yr

148,083

(36,610)

(146,438) 6%

MODIFIED ACTUALS PRO-FORMAINCOME

2,440,634

2,440,634

HVAC System HVAC-Indiv Est Future Taxes $399,210

Roof Style Est FutureTax Assessment $14,000,000

* per unit -; per ft -

1%+app+legal

Elec Meter Indiv 2019 Taxes $395,421

$300 2019 Assessment $13,867,115

Yes

Units per Acre 28.625 Property Tax Information

Date Built 1984 2019 Tax Rate/$100 $2.85150

4.00%

10 yr

95%

Land Area (Acres) 8.00 Est Ins per Unit per Yr

Net Rentable Area 176,885

$310

Physical Information Financial Information Proposed Loan Information Operating Information

Avg Unit Size 772 $193,992

Number of Units 229 MARKET $191,874

360

1/23/2020 ParkatWillowbrook

Park at Willowbrook ● 7100 Smiling Wood Lane ● Houston, TX 77086 Property Overview

Age: 1984 Mortgage Balance $10,033,000

Renovated: 2012/13 Lender Greystone Klein ISD $1.360000

Elec Meter: Indiv Amortization 360 Harris County $0.407130

A/C Type: HVAC P & I $50,776 Harris County Flood Control $0.027920

Water: RUBS Type CMBS Port of Houston Authority $0.010740

Wiring: Copper Assumable Yes Harris County Hospital District $0.165910

Roof: Pitched Monthly Escrow Yes Harris County Education Dept $0.005000

Paving: Concrete Origination Date January 5, 2015 Lone Star College System $0.107800

Materials: Brick/Hardi Plank Due Date January 6, 2025 Harris Co Emerg Srv Dist 20 & 1 $0.200000

# of Stories: 2 Interest Rate 4.49% Northwest Park MUD $0.428000

Buildings: 18 Prepayment Yes NW Management District Comm $0.139000

Parking: Open Transfer Fee 1%+app+legal 2019 Tax Rate/$100 $2.851500

Units/Acre: 28.63 2019 Assessment $13,867,115

Total $2,292,484

Jan 2019 $180,394 12 Mo Avg $191,040Feb 2019 $201,028Mar 2019 $182,469Apr 2019 $192,468 9 Mo Avg $192,066May 2019 $192,084Jun 2019 $189,316Jul 2019 $189,686 6 Mo Avg $192,454Aug 2019 $190,186Sep 2019 $192,877Oct 2019 $190,891 3 Mo Avg $193,992Nov 2019 $197,982Dec 2019 $193,104

TAXING AUTHORITY CURRENT MORTGAGEPROPERTY INFORMATION Harris County

COLLECTIONS

Account #: 1153920000010

PLEASE DO NOT VISIT THE SITE WITHOUT AN APPOINTMENT MADE THROUGH THE BROKER.

PROPERTY HIGHLIGHTS

$170,000

$175,000

$180,000

$185,000

$190,000

$195,000

$200,000

$205,000

The Park at Willowbrook Apartments is a two story, garden-style, apartment community located in the Inwood/Hwy 249 submarket of NW Houston built in 1984 and renovated in 2012-13. Residents enjoy ample amenities which include: mini-blinds, well appointed kitchens, vaulted ceilings*, ceiling fans, laundry facilities, patios and balconies, walk-in closets, wood burning fireplaces* washer/dryer connections, a beautiful swimming pool, a gazebo and a clubhouse. Upgraded units have granite countertops and wood flooring. *In select units. Located off a quiet road and surrounded by open green space, Park at Willowbrook is a private, gated community offering a peaceful setting in highly desirable North Houston, Texas. Not far from Park at Willowbrook, there are shops, restaurants, and businesses that line Tomball Parkway. Also close by is Willowbrook Mall, Greenspoint Mall, and the Sam Houston Race Park. Conveniently located near Sam Houston Parkway, the Park at Willowbrook is just minutes from Downtown Houston and George Bush Intercontinental Airport. The Park at Willowbrook provides a variety of one- and two-bedroom floor plans. Every floor plan includes large closets, vaulted ceilings, and open living spaces. Apartments at the Park at Willowbrook also offer large patios and balconies with outdoor storage space. the large 1,039 square foot two-bedroom, two-bath unit includes a bathroom with dressing area and a huge walk-in closet. The second bedroom also has a walk-in closet and private access to a Jack-and-Jill style bath. The galley-style kitchen opens to the dining room and includes a pantry. A laundry closet includes washer/dryer connections. This floor plan includes a fireplace and a spacious balcony with storage closet. The one-bedroom, one-bath apartment offers 698 square feet of living space. It has a large bedroom with walk-in closet, an entryway with coat closet, a dining area located off the galley-style kitchen, a utility room with washer/dryer connections, and a large balcony with storage space located off the living room. Per owner, 130 units have been upgraded. There are 71 classic units, 64 level 1 units and 94 level 2 units. Level 1- 1bedroom - 13- $75 premium; Level 1 - 2 bedroom - 3 - $85 premium; Level 1.5 - 1x1 - $90 premium; Level 1.5 - 2 bedroom - $100 premium, Level 1 - 1x1 - 58 - $110 premium; Level 2 - 2 bedroom - 35 - $125 premium; Level 2 plus - 2x2 - 2 - $160 premium. Additional premiums- $25 for first floor on 115 units, $25 pool view premium on 13 units. Available either on assumption or with a new loan. Greater rents could be attained with a 100% upgrade. There is an RTC LURA in place which covers 51 units; 32 at Very Low Income and 19 at Low Income. See LURA Rent Limits on the Unit Mix page.

Park at Willowbrook ● 7100 Smiling Wood Lane ● Houston, TX 77086 Capex Summary 2015 thru 2019

Capital Expenditures 2015 2016 2017 2018 2019 Total CommentsLender CAP - Dishwashers 1,466.27 - 1,674.32 808.75 1,925.90 5,875.24 Dishwasher replacement

Lender CAP - Ranges 1,648.02 615.94 809.71 431.92 1,501.43 5,007.02 Range replacement

Lender CAP - Refrigerators 1,340.14 631.64 3,812.57 2,961.49 1,802.78 10,548.62 Refrigerators replacement

Lender CAP - Boilers 2,016.86 1,261.29 - 2,157.77 - 5,435.92 Boiler Repairs

Lender CAP - Building - Interior - 4,456.50 - - - 4,456.50 Subfloor repair

Lender CAP - Cabinets & Countertops - - - 2,300.00 - 2,300.00 Replace kitchen countertop unit 1407 and 1203

Lender CAP - Carpet 44,397.86 41,424.45 34,086.68 14,533.52 23,723.32 158,165.83 Carpet Replacement

Lender CAP - Vinyl / Tile / Plank - - 460.00 3,177.68 10,161.49 13,799.17 Vinyl Replacement

Lender CAP - Equipment Office - - - - 3,949.56 3,949.56 Entry gate repairs

Lender CAP - HVAC 1,649.20 9,851.44 5,174.64 13,836.92 18,432.97 48,945.17 Condenser and Refrigerant Replacement

Lender CAP - Landscape - - 5,001.15 4,069.98 20,118.40 29,189.53 Pool-landscape restoration and enhancement, Tree Trimming

Lender CAP - Lights, Fixtures - - - - 4,792.61 4,792.61 Lighting repair

Lender CAP - Parking Lot / Sidewalks - - - - 5,500.00 5,500.00 Concrete and Sidewalk Repairs

Lender CAP - Plumbing 2,605.70 62.85 - 4,118.51 17,870.00 24,657.06 Replace and Repair plumbing lines

Lender CAP - Pool 3,375.00 - - - 10,375.00 13,750.00 Resurface Pool

Lender CAP - Roofs - - - 2,025.00 - 2,025.00 Roof Leak Repairs

Reno CAP - Balcony & Stairs - Repair/Replacement 5,000.00 - - - - 5,000.00 Balcony landing and rails/wood deck repairs

Reno CAP - Blinds/Drapes 2,416.14 2,561.63 - - - 4,977.77 exterior screen replacement, as needed

Reno CAP - Building Exterior 27,900.00 - - - - 27,900.00 Patio replacement proposal 26 patios

Reno CAP - Clubhouse Renovations 171,895.56 4,378.07 - - - 176,273.63 Expand office to covered deck area, close kitchen, add fitness

Reno CAP - Doors & Related Hardware 55,640.18 - - - - 55,640.18 Replace entry Doors, approx. 50%

Reno CAP - Flatwork 18,788.75 - - - - 18,788.75 Trip hazards, additional walkways/repairs as needed

Reno CAP - Fences, Pool Gates & related ironwork 16,810.46 - - - - 16,810.46 grade beam erosion/fill

Reno CAP - Gutter/Downspouts 4,736.25 - - - - 4,736.25 gutter tune up/chimney repairs

Reno CAP - HVAC - Condensing Units 14,302.37 - - - - 14,302.37 replace/repair as needed

Reno CAP - IU Interior Upgrades-general 440,832.22 330,367.81 8,233.53 - - 779,433.56

Combination of the following elements - Plank Flooring, Cabinets, Resurfaced &

Replaced Countertops, Appliances, Hardware, Light Fixtures, Blinds, Plumbing, Paint

Color Change and Accent Walls

Reno CAP - Keys & Locks - - 1,948.50 - - 1,948.50 Install mag lock on pedestrian gate

Reno CAP - Landscaping/Drainage/Upgrades 51,659.36 13,087.44 1,515.50 - - 66,262.30 Erosion, entry upgrades, tree trim, repair entry irrigation

Reno CAP - Laundry Renovation - 2,379.21 - - - 2,379.21 Paint 2 laundry rooms

Reno CAP - Miscellaneous 4,935.00 37,084.86 2,327.82 - - 44,347.68 Water damage repairs to unit 1001, Dumpster repairs, new mailboxes

Reno CAP - Models 15,578.55 - - - - 15,578.55 One model, two bedroom

Reno CAP - Painting Exterior 104,175.00 - - - - 104,175.00

Paint Leasing Office, carpentry as needed, new door Accent color, paint railings, meter

screens

Reno CAP - Paving Repairs (concrete, asphalt) 38,498.00 - - - - 38,498.00 repairs/striping

Reno CAP - Pool Work 33,778.76 8,244.49 - - - 42,023.25 Pool deck overlay, deck o seal, outdoor kitchen, pumps

Reno CAP - Roof Repairs 7,200.00 8,713.31 - - - 15,913.31 Roof Repairs

Reno CAP - Signage 20,928.90 2,540.34 - - - 23,469.24 New property signage

Reno CAP - Fitness Equipment 11,304.55 - - - - 11,304.55 New fitness equipment

Reno CAP - Fitness Center 1,158.28 - - - - 1,158.28 Fitness Center Paint

Reno CAP - Pool Furniture 16,564.69 - - - - 16,564.69 Pool Furniture

TOTALS 1,122,602.07 467,661.27 65,044.42 50,421.54 120,153.46 1,825,882.76


Park at Willowbrook




Park at Willowbrook ● 7100 Smiling Wood Lane ● Houston, TX 77086 Amenities

*In Select Units

Lifestyle/Amenities ♦ Private, gated community ♦ Situated on a wooded property ♦ Surrounded by open greenspace ♦ Sparkling swimming pool ♦ Clubhouse ♦ Gazebo ♦ Community activities ♦ Free Hi-tech business center ♦ Pet friendly ♦ Picnic area with state-of-the-art bar-b-que grills ♦ Full-Size washer/dryer connections ♦ Walk-In closets ♦ Wood burning fireplaces ♦ Kitchens with pantries ♦ Vaulted ceilings ♦ Granite countertops* ♦ Baseboards ♦ Additional storage on patios/balconies ♦ Mini-blinds ♦ Jack & Jill bathrooms ♦ Large open layouts ♦ Dressing area in bedrooms ♦ Entryway closets

Apartment Amenities

Park at Willowbrook ● 7100 Smiling Wood Lane ● Houston, TX 77086 Unit Mix

Type Description No. Units Sq Ft Total SqFtMarket RentTotal Rent +EWG Rent/SF

A-1 1 Bed/1 Bath 16 545 8,720 $712 $11,389 +EW $1.31A-2 1 Bed/1 Bath 25 603 15,075 $738 $18,445 +EW $1.22

A-2 FP 1 Bed/1 Bath 23 614 14,122 $725 $16,670 +EW $1.18A-3 1 Bed/1 Bath 20 698 13,960 $801 $16,020 +EW $1.15

A-3 FP 1 Bed/1 Bath 20 698 13,960 $784 $15,675 +EW $1.12A-4 1 Bed/1 Bath 36 720 25,920 $802 $28,875 +EW $1.11A-5 1 Bed/1 Bath 1 800 800 $1,110 $1,110 +EW $1.39B-1 2 Bed/1 Bath 12 825 9,900 $883 $10,590 +EW $1.07

B-1 FP 2 Bed/1 Bath 12 825 9,900 $879 $10,550 +EW $1.07B-2 2 Bed/2 Bath 48 998 47,904 $963 $46,225 +EW $0.96B-3 2 Bed/2 Bath 15 1,039 15,585 $1,018 $15,275 +EW $0.98

B-3 B 2 Bed/2 Bath 1 1,039 1,039 $1,050 $1,050 +EW $1.01

229 772 176,885 $838 $191,874 $1.08

Source: Owner's 1/15/20 Rent Roll

% 1 2 3 4 5 6 7 8 Effective Date

50% (VLI) $26,750 $30,550 $34,350 $38,150 $41,250 $44,300 $47,350 $50,400 4/24/2019

80% (LI) $42,750 $48,850 $54,950 $61,050 $65,950 $70,850 $75,750 $80,600 4/24/2019

0 1 2 3 4 5 Effective Date

Very Low Income $649 $744 $837 $992 $1,145 $1,209 4/24/2019

Low Income $881 $1,010 $1,137 $1,351 $1,556 $1,648 4/24/2019

Number of Bedrooms

Size of Household

RENT LIMITS

UNIT MIX

Total Units

Average Sq. Ft.

Total Sq. Feet

Average Rent/Unit

Total Rent

Average Rent/ SFTOTALS AND AVERAGES


545 sq. ft.

1 bedroom

1 bathroom

603 sq. ft.

1 bedroom

1 bathroom

545 sq. ft.

1 bedroom

1 bathroom


698 sq. ft.

1 bedroom

1 bathroom

720 sq. ft.

1 bedroom

1 bathroom


825 sq. ft.

2 bedroom

1 bathroom

998 sq. ft.

2 bedroom

2 bathroom


1,039 sq. ft.

2 bedroom

2 bathroom


Park at Willowbrook ● 7100 Smiling Wood Lane ● Houston, TX 77086 Rent Comparables

1

2

3

4

5

Totals/Averages Comps 1993 94% 228 923 $1,085 $1.18

+E = Resident Pays Electric +W = Resident Pays Water/Sewer +G = Resident Pays Gas

Park at Willowbrook

7100 Smiling Wood Lane

90% 39,148 886 $917 $1.035

Houston Market Averages 89% 638,603 882 $984 $1.116

964 $1,038

$1,104

+EW

+EW

+EWG

Sub Market Averages(Willowbrook)

1.213Tiburon

8989 West Rd.2007 92% 320 910N/A

N/A

2012/13 +EW

Champions Valley Townhomes

12035 Champions Valley Dr.2007

Property Name

Willowbrook Crossing


1984 95% 229 772 $838

Garden City

2611 Garden City Dr.

Avg SF

Reserve at Woodwind Lakes

14555 Philippine St.1999

$1.08

N/A 1.077

99% 36 1150 $1,350 1.174

94% 328

+EW

1.289

Rent Comparables - 2019 (ADS)

1972

Year

BuiltOcc #Units P/SF

1982

Avg Rent +EWG

+E

Year

Renovated

N/A

2017

95% 206 747

90% 252 844 $1,088

1.125$840

5

2

1

5 1 2 3 4

3

4 Park at Willowbrook

Park at Willowbrook ● 7100 Smiling Wood Lane ● Houston, TX 77086 Sales Comparables

1

2

3

4

5

Totals/Averages Comps $12,091,733 107,997 $83,800 $104.53 1984 141Park at Willowbrook


Candleridge Park

1601 Wooded Pine

Applewood Village TH

15455 Ella

Willow Run TH

11240 Perry Rd.

Steepleway Downs

11910 Thoroughbred

Green Tree Place

4211 Clay Hill Dr.

Property Name Date Sold Price

07/01/19 $7,266,666

Total Sq. Ft. Price/Unit Price/SF Built Units

08/20/19 $10,350,000 96,302 $80,859 $107.47 1985 128

95,074 $78,986 $76.43 1984 92

1984 48

12/18 $19,700,000 153,184 $87,946 $128.60 1983 224

06/01/19 $3,850,000 49,280 $80,208 $78.13

MARKET 176,885 $0 $0.00 1984

1985 212

229

7/17 $19,292,000 146,144 $91,000 $132.01

1

3

2

5

4

Park at Willowbrook

5 1 2 3 4

SALES COMPS AVAILABLE UPON REQUEST

Park at Willowbrook ● 7100 Smiling Wood Lane ● Houston, TX 77086 Area Industry

The Woodlands

Downtown

Greenspoint

Energy Corridor

249 Technology Corridor

290 Industrial Corridor

❶ ❷

❸ ❹ ❺ ❻

❼ ❽

❾

❶ ExxonMobil North American

Headquarters Currently developing a 3.5 million SF campus set

to bring 10,000 employees and 40,000 total jobs.

❷ Southwestern Energy Campus Currently developing a new campus for its 1,000

Houston employees.

❸ Kindred Hospital A transitional care hospital dedicated to

providing care to medically complex and

catastrophically ill patients.

❹ Houston Northwest Medical Center Medical staff of approximately 600 members

offering a wide range of inpatient, outpatient

and diagnostic imaging services.

❺ Hillwood Industrial Development Expected completion in 2015. 414,000 SF

Industrial complex with 120 docks.

❻ Farouk Systems Farouk Systems now has more than 2,000

employees and product distribution in over 100

countries worldwide.

❼ George Bush Intercontinental Airport Served 39.8M passengers in 2013. 28th busiest

airport in the world and 12th busiest in North

America (for passenger traffic).

❽ Rankin Road Industries Major employers such as Schlumberger;

Honeywell, Baker Hughes, Borden and several oil

and gas businesses are situated along Rankin

road.

❾ Greenspoint Business District More than 4,400 companies and 18 million SF of

office, retail and industrial space.

❿ Pinto Business Park 971 acre class "A" business park. Home to Sysco

Corporation's 585,000 SF distribution center.

AREA INDUSTRIAL DEVELOPMENT

❿



Park at Willowbrook ● 7100 Smiling Wood Lane ● Houston, TX 77086 Demographics


2017 Estimated Population 16,570 52,040 119,4392022 Projected Population 18,192 57,035 130,9602010 Census Population 15,096 45,733 105,0422000 Census Population 10,462 35,329 83,844

Projected Annual Growth 2017 to 2022 2.0% 1.9% 1.9%Historical Annual Growth 2000 to 2017 3.4% 2.8% 2.5%

2017 Median Age 28.7 29.9 30.9

2017 Estimated Households 4,701 14,946 35,0762022 Projected Households 5,146 16,349 38,4172010 Census Households 4,146 12,736 30,0212000 Census Households 3,086 10,419 25,240

Projected Annual Growth 2017 to 2022 1.9% 1.9% 1.9%Historical Annual Growth 2000 to 2017 3.1% 2.6% 2.3%

2017 Estimated White 41.2% 40.0% 40.6%2017 Estimated Black or African American 25.4% 25.0% 25.0%2017 Estimated Asian or Pacific Islander 8.3% 10.3% 10.7%2017 Estimated American Indian or Native Alaskan 0.9% 0.9% 0.8%2017 Estimated Other Races 24.2% 23.8% 22.9%

2017 Estimated Hispanic 58.7% 55.8% 53.0%

2017 Estimated Average Household Income $48,262 $57,543 $62,2632017 Estimated Median Household Income $43,632 $50,176 $53,5532017 Estimated Per Capita Income $13,707 $16,537 $18,297

2017 Estimated Elementary (Grade Level 0 to 8) 26.1% 22.0% 18.2%2017 Estimated Some High School (Grade Level 9 to 11) 14.8% 15.0% 14.2%2017 Estimated High School Graduate 32.7% 29.9% 30.1%2017 Estimated Some College 15.0% 16.5% 18.1%2017 Estimated Associates Degree Only 2.7% 4.8% 5.3%2017 Estimated Bachelors Degree Only 6.2% 8.5% 9.8%2017 Estimated Graduate Degree 2.6% 3.3% 4.3%

2017 Estimated Total Businesses 432 1,215 2,3072017 Estimated Total Employees 9,076 21,816 38,7922017 Estimated Employee Population per Business 21.0 18.0 16.82017 Estimated Residential Population per Business 38.4 42.8 51.8

RA

CE

AN

D E

THN

ICIT

Y IN

CO

ME

Average Income Subject - 1 Mile Radius

EDU

CA

TIO

N(A

GE

25+)

BU

SIN

ESS

HO

USE

HO

LDS

Ethnicity - 1 Mile Radius

POPU

LATI

ON

SUMMARY PROFILE1 Mile Radius

2 Mile Radius

3 Mile Radius

2000-2010 Census, 2017 Estimates with 2022 Projections

Calculated using Weighted Block Centroid from Block Groups

41%

59%

Non-Hispanic

Hispanic

$48,262

$72,073

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

Subject Houston

17%

10%

5%

8%

59%

White

Black

Asian

Other

Hispanic

Park at Willowbrook ● 7100 Smiling Wood Lane ● Houston, TX 77086 Flood Plain Map

Park at Willowbrook PLEASE VERIFY

Assumption

or All cash

N/A

D I S C L A I M E R & N O N-E N D O R S E M E N T N O T I C E

FOR INFORMATION PLEASE CONTACT:

KET ENTERPRISES INCORPORATED

1770 St. James Place I Suite 382 I Houston, Tx 77056 www.ketent.com

Broker License #0406902

Disclaimer: The information contained in this Memorandum reflects material from sources deemed to be reliable, including data such as operating statements, rent rolls, etc. However, we (KET Enterprises Incorporated or any of the owners or officers, directors, employees, agents or representatives of any such entities) have not verified its accuracy and make no guarantee or representation about it. It is submitted subject to the possibility of errors, omissions, change of rental or other conditions. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. We make no representations or warranties, expressed or implied, as to the validity, accuracy or completeness of the information provided or to be provided, and nothing herein shall be deemed to constitute a representation, warranty or promise by any such parties as to the future performance of the Property or any other matters set forth herein. You and your tax and legal advisors should verify the information and rely on his accountants or attorneys for legal and tax advice. Rates of return vary daily. No representations are made concerning environmental issues, if any. Non-Endorsement Notice: KET Enterprises Incorporated is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by KET Enterprises Incorporated or any of the owners or officers, directors, employees, agents or representatives of any such entities, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY

TOM WILKINSON Broker/Vice President

[email protected] 713-355-4646 ext 102

a p a r t m e n t h o m e s Park at Willowbrook

Park at Willowbrook...KET Enterprises Incorporated I 1770 St. James Pl, Suite 382 I Houston, TX 77056 I 713.355.4646 I Park at Willowbrook Park at Willowbrook 7100 Smiling Wood Lane

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