Page 2 - Flats on 12 OM - draft
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Exclusive Representation
                                                                                  Newmark Knight Frank (NKF) has been exclusively retained to represent
                                                                                  the Seller in the disposition of Flats on 12 (Property). All inquiries about the
                                                                                  Offering or the Property should be directed to NKF.

                                                                                  Offering Process
                                                                                  •   Property is being offered on an “All Cash” basis to qualified purchasers.
                                                                                  •   Prospective purchasers will have the opportunity to visit the Property
                                                                                     through scheduled tours with NKF. Please do not contact the on-site
                                                                                     management directly.

                                                                                  Offer Requirements
                                                                                  Offers should be presented in the form of a non-binding Letter of Intent,
         Offer Process
                                                                                  and must include at least:

                                                                                  •   Asset Pricing
                                                                                  •   Due Diligence and Closing Timeframe
                                                                                  •   Earnest Money Deposit
                                                                                  •   Description of Debt/Equity Structure
                                                                                  •   Qualifications to Close

                                                                                  Purchase terms shall require cash to be paid at closing.  Offers should be
                                                                                  delivered to the attention of Brandon Miller or Brad Shaffer via fax or email.

                                                                                  Financing
                                                                                  For parties interested in receiving debt quotes, please contact our Debt
                                                                                  & Structured Finance team, Adam Allen, Tip Strickland, David Schwarz or
                                                                                  Purvesh Gosalia.  NKF facilitates agency, life company, bank, bridge, and
                                                                                  mezzanine financing options.

                                                                                  Underwriting
                                                                                  For  questions  regarding  the  underwriting  presented  in  this  offering
                                                                                  memorandum  please  contact  Taylor  Gaspard  at  713-337-5805  or
                                                                                  taylor.gaspard@ngkf.com.


                                                                                  Property Tours
                                                                                  To accommodate the Property’s ongoing operations,  NKF requests 24-
                                                                                  hour advance notice to schedule a tour.
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