EXECUTIVE SUMMARY

Jones Lang LaSalle (“JLL”) is pleased to offer the unique opportunity to purchase Westridge Oaks, an approximately 68.9-acre single-family for rent or sale development site (the “Property” or “Site”) located inside of the rapidly growing Austin-San Antonio Corridor along Interstate 35 (IH-35) in New Braunfels, Texas. A city that is perfectly situated as development plans continue to sprawl outwards from Austin and San Antonio to bridge the gap between the two urban centers, soon to create a large metro withcover 6-7 million people. Westridge Oaks, located on the north side of New Braunfels, is currently planned for 193 lots. Preliminary plat approved until December 2023. The Site is in proximity to the area’s premier retail and entertainment options including New Braunfels Town Center at Creekside, Gruene Hall, and the San Marcos Premium Outlets. Smart Asset ranked New Braunfels as #4 in a 2022 December report titled Top Boomtowns in America.

Furthermore, New Braunfels had the second highest population and housing growth between 2016 and 2021 (36.10% and 40.86%, respectively). In addition to strong market fundamentals, New Braunfels is visited by over three million tourists every year. Westridge Oaks is ideally positioned to benefit greatly from New Braunfels continuing growth and development.