Premier Westlake Location in Austin's Most Affluent Submarket

• Situated along Bee Caves Road at a rare, signalized intersection providing exceptional access for physicians and patients alike, and visibility along one of Austin's most heavily traveled corridors with average vehicle count of 40,000 vehicles per day.
• Austin is now the 25th largest metro with a population of approximately 2.3 million and continued net inmigration reinforces sustained demand for outpatient healthcare services in the region.
• Major health systems are actively expanding in Austin: St. David's HealthCare is executing a $180 million expansion at South Austin Medical Center; UT Health Austin with MD Anderson is developing a $2.5 billion medical center; and Texas Children's Hospital recently completed a new 365,000 SF facility in North Austin.
• Two adjacent off-campus medical buildings located in Westlake, one of the most affluent neighborhoods in Austin, with a median household income of $203,000 within a one-mile radius
• Extremely difficult to replace with fee-simple ownership on infill sites that offer ample parking at a ratio of over 4.7 spaces per 1,000 square feet.

Diversified Tenant Roster

• The buildings are home to 13 unique tenants across both buildings, spanning a range of high-acuity medical specialties, including: ambulatory surgery, plastic surgery, dermatology, optometry, physical therapy, cardiology, and facial plastic surgery.
• All-net lease structure across the buildings reduces tax reassessment and expense inflation risk to investors, providing predictable cash flow with built-in annual rent escalators.
• 82% of the rent roll is occupied by clinical medical tenants whose extensive infrastructure investments, including surgical suites, procedure rooms, and specialized plumbing and electrical, create high switching costs and an above-average likelihood of renewal.
• The only non-clinical user is the Fusion Academy Bee Caves that is part of the Fusion Education Group (80 locations) that benefits from the area demographics that often compliment medical specialists within the Properties.

Strong Medical Building Fundamentals

• The two buildings total 55,520 SF, a unique offering in a supply-constrained Westlake Submarket
• The combined WALT is approximately 4 years, offering reliable cash flow and passive ownership to investors while offering market-to-market opportunity for many in-place rents below market.
• The parking ratio of the two properties is 4.7 spaces per 1,000 square feet that meets or exceeds the market standard for medical outpatient assets within the Westlake area.
• Ease of management and leasing with the assets being adjacent, reducing costs for new ownership groups
• Ownership has invested over $390,000 in capital expenditures since 2020, addressing major building systems and reducing near-term capex risk for incoming ownership.

Value-Add Pathway Through Leasing and Rent Growth

• 3,175 SF of first-floor clinical space at 4613 Bee Caves Road will become available upon St. David's Rehabilitation's lease expiration in October 2026, providing new ownership meaningful lead time to execute a long-term re-lease to a clinical user.
• The building’s in-place rents are approximately 11% below current market rates, providing a clear path to NOI growth through lease renewals and new leasing at market.
• The weighted average lease term of four years provides investors with a near-term opportunity to reset rents to market across the rent roll as leases roll, driving meaningful NOI growth over a five-to-seven-year hold period.