±66.07 acres at spring stuebner and northcrest drive...tim dosch, david marshall, and tom dosch...

SPRING STUEBNER RD

SPRING STUEBNER RD

SPRING STUEBNER RD

NORTHCREST DR

GOSLING RDGOSLING RDGOSLING RD

SAWMILL RANCHHome Prices up to $438K

Spring Klein ParkFrassati Catholic High School

Zwink Elementary School

S P R I N G

2,000 acresCapacity for 8M SF Commercial1M SF Retail • 35K Employees 3,500 Housing Units

3.2 MILESFROM THE PROPERTY

±66.07 ACRES±66.07 ACRES±66.07 ACRES

Grand Parkway Marketplace

±66.07 acres at Spring Stuebner and Northcrest Drive Spring, TX 77389

O F F E R I N G M E M O R A N D U M

Tim [email protected] 713-955-3127M 713-459-8123

David [email protected] 713-955-3126M 713-206-1574

Tom [email protected] 713-955-3125M 713-557-4455

Clark DaltonVice [email protected] 713-955-3122M 832-449-2223

Contacts, Due Diligence, & Offer Requirements

Dosch Marshall Real Estate713.955.3120

777 Post Oak Blvd Houston, TX 77056

www.dmreland.com

Exclusive RepresentationDosch Marshall Real Estate (DMRE) has been exclu-sively retained to represent the Seller in the disposition of ±66.07 acres at Spring Stuebner and Northcrest Drive, Spring, TX (Property). All inquiries about the Property should be directed to DMRE.

About DMREDosch Marshall exists to provide unmatched real estate brokerage services across the U.S. by connect-ing our expansive network, market knowledge, and expertise in land brokerage with innovative processes.

Founded in 2017, but in the Houston market for the past 15 years, our goal is to represent our clients with excellence. In real estate as in other industries experience is key: collectively, DMRE has 40 years of experience. Tim Dosch, David Marshall, and Tom Dosch have all been chosen in recent years for the Houston Heavy Hitters, an award that recognizes those who have traded the largest transactions in Houston for the year.

Dillon MillsSenior [email protected] 713-955-3123M 713-254-3824

Becky HandSenior [email protected] 713-955-3121M 918-629-5592

Tripp [email protected] 713-955-3124M 936-635-6968

Kenneth [email protected] 713-955-3120M 713-829-2615

2±66.07 ACRES AT SPRING STUEBNER & NORTHCREST

NORTHCREST DR

NORTHCREST DR

NORTHCREST DR


SPRING STUEBNER RDSPRING STUEBNER RDSPRING STUEBNER RD

KLEIN OAK LN

KLEIN OAK LN

KLEIN OAK LN

NORTHCREST VILLAGEHome Prices up to $349K

GOSLING PINESHome Prices up to $257K

Grand Parkway Marketplace

Klein Oak High School


Property Aerial

THE PROPERTY


Property DetailsProperty Details

LOCATION Spring Stuebner & Northcrest Drive, Spring, TX 77389

LAT., LONG. 30.088817, -95.514114

TOTAL ACRES ±66.07 Acres

PARCEL NUMBER(S) 0410780000130 (Tract A), 0410780000586 (Tract B)

LEGAL TR 4T ABST 122 J BROCK (Tract A), TR 4R ABST 122 J BROCK (Tract B)

OWNER(S) ROTHWELL, CHARLOTTE A (Tract A & B)

DETENTION On-site detention required

UTILITIES Utilities potentially available through adjacent MUDs; call Broker for details

SCHOOL DISTRICT Klein Independent School District

PRICE TBD by market

2017 Tax Rates

17 KLEIN ISD 1.430000

40 HARRIS COUNTY 0.418010

41 HARRIS CO FLOOD CNTRL 0.028310

42 PORT OF HOUSTON AUTHY 0.012560

43 HARRIS CO HOSP DIST 0.171100

44 HARRIS CO EDUC DEPT 0.005195

45 LONE STAR COLLEGE SYS 0.107800

550 HC EMERG SRV DIST 7 0.096060

666 HC EMERG SERV DIST 11 0.039040

Total 2.308075

2017 Demographics

0-1 mile 0-3 miles 0-5 miles

EST. POPULATION 7,718 64,214 196,696

5-YR EST. POPULATION GROWTH 4.64% 5.68% 7.18%

AVERAGE HOUSEHOLD INCOME $110,243 $106,623 $109,920

MEDIAN VALUE OF OWNER OCCUPIED HOUSING UNITS $177,640 $170,796 $187,150

Property Details• Frontage on two roads: Spring Stuebner and Northcrest Drive• Excellent visibility from and access to the Grand Parkway (US-99)• 3.2 miles west of Springwoods Village and 6 miles southwest of The Woodlands

Town Center• Adjacent to a new, Target-anchored retail development, Grand Parkway Marketplace

Surrounding single family home values as high as $1.39 Million• Fox Hollow West: home prices up to $1.39M• Middlebrooks Place: home prices up to $759K• Windrose: home prices up to $675K• Northcrest Village: home prices up to $349K

Zoned to Klein ISD• 6,966 full-time staff and over 50,000 students • Covers 87.5 square miles of north Harris county• 1 Pre-K & Early Childhood Center, 32 Elementary Schools (K-5), 9 Intermediate

Schools (6-8), 5 High Schools (9-12), 1 Vistas High School Program, and 1 Alternative School Program

Making an OfferOffer InformationOffers should be presented in the form of a non-binding Letter of Intent, and should include:

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

Due Diligence InformationTo access the due diligence information please visit the Property website at: www. dmreland.com/listings/#1390

THE PROPERTY


Property Survey


Property Survey

THE PROPERTY



NORTHCREST DR


The Woodlands Town Center

MIDDLEBROOKS PLACEHome Prices up to $759K

FOX HOLLOW WESTHome Prices up to $1.39M

T H E W O O D L A N D S




NORTHCREST DR

NORTHCREST DR

NORTHCREST DR

HILD

EBRA

NDT

RD

HILD

EBRA

NDT

RD

HILD

EBRA

NDT

RD

KUYKENDAHL RD

KUYKENDAHL RD

KUYKENDAHL RD


The Abbey atSpring Town Center

NORTHCREST VILLAGEHome Prices up to $349K

PINELAKESHome Prices up to $365K WINDROSE

Home Prices up to $675K

KLEINHome Prices up to $1.1M

Grand Parkway Marketplace II

+ Future Development: 10 padsGrand Parkway Marketplace

Klein Oak High School

Hildebrandt Intermediate School



The Woodlands Town Center One of the most active commercial building markets throughout Houston

• 1,000-acre “downtown” of The Wood-lands contains over 6.9 million square feet of office space

• Home of Anadarko’s two iconic towers: 807,586-square-foot Allison Tower and 550,000-square-foot Hackett Tower

• Other major employers include Aon-Hewitt, Baker Hughes, Huntsman Company, Chevron Phillips Chemical Company, US Oncology and Entergy

Hughes Landing• Class A Office: One Hughes Landing,

Two Hughes Landing, Three Hughes Landing, 1725 Hughes Landing Blvd., 1735 Hughes Landing Blvd.

• Hospitality: Embassy Suites by Hilton with 205-suites, 24-hour fitness center and rooftop infinity pool

• Multifamily: One Lakes Edge luxury residences with 390 units

Memorial Hermann The Woodlands • 294-private bed, full-service, acute care

facility• Employs over 780 medical staff

physicians, 1,300 employees, and 250 volunteers

• Features a diabetes self-management program, a certified primary stroke cen-ter, sports medicine, rehabilitation and physical therapy, occupational therapy, speech therapy, registered dietitians and an emergency center accredited as a Level III trauma center by the State

Top Employers in The Woodlands

Anadarko 3867

Memorial Hermann The Woodlands 2001

ExxonMobil 1900

Aon Hewitt 1800

CHI St Luke's Health - The Woodlands 1510

CB&I 1008

Huntsman Corporation 894

Woodforest National Bank 817

Repsol USA 710

Chevron Phillips Chemical Company 678

Cynthia Woods Mitchell Pavilion 625

McKesson Specialty Health 616

Baker Hughes 550

Entergy 471

NEW DEVELOPMENTSThree Hughes Landing: 12-story, 321,000-squarefoot Class A office build-ing with an on-site conference room and

fitness center; currently 30% leased

1725 Hughes Landing: 13-story, 332,000-squarefoot Class A office building with an on-site conference room (seats up to 100) and fitness center

Houston Methodist - The Woodlands Hospital: Now open - a full-service, acute hospital featuring women’s ser-vices, breast cancer center, childbirth center, and neurology and neurosur-gery

HUGHES LANDING

THE WOODLANDS TOWN CENTER

MEMORIAL HERMANN THE WOODLANDS

CHI St Luke’s Health - The Woodlands Hospital

• 62-acre campus• 242-private-bed, nonprofit hospital • Offers a full range of family healthcare,

from pediatrics to geriatrics, from emer-gency services to birthing center, and from diagnostics to surgery

Texas Children’s Hospital - The Wood-lands

• 548,000 square feet on 22 acres• 24 emergency center rooms, 74 outpa-

tient rooms, five radiology rooms, four operating rooms and initially 30 acute care beds, which could expand to up to 200 beds

The Woodlands

AREA HIGHLIGHTS


CHI St. Luke’s Health • Phase I opened in January 2016: 55,000-square-foot

ambulatory medical center; 4 inpatient beds, 10 emer-gency room beds, four operating suites, two endoscopy suites, full diagnostic imaging capabilities and 100,000 square feet of medical office space; the hospital will have 250 beds at build out

• Initial investment for the project was $120 million; St. Luke’s has committed up to $70 million over the next five years

ExxonMobil Corporate Campus • 385-acre campus completed in 2015• Relocated 10,000 employees to the area• 3 million square feet

Southwestern Energy • Headquarters completed in 2014 • 515,000 square feet• Approx.1,500 employees (expected to grow to 3,000)

HP CORPORATE CAMPUS

EXXONMOBIL CAMPUS

ABS GLOBAL HQ3.2 miles from the Property

Springwoods Village is a 2,000 acre master planned community situated just south of The Woodlands and 20 miles north of downtown Houston. The community is a new model of sustainability and greener living for the Houston region, preserving its natural ecosystems, build-ing energy-smart new homes, and reducing dependence on the car by providing a walkable mix of retail, dining, offices, and public amenities.

Springwoods Village will build out its master plan over the next 10+ years. At buildout, Springwoods Village will achieve:

• 8 million square feet of commercial space• 1 million square feet of retail space• 35,000 employees• 3,500 housing units

American Bureau of Shipping (ABS) • Will be located in the 10-story, 326,800-SF CityPlace

2 mixed-use project• With 1,200 employees, ABS will occupy all of the

office space in the building on a long-term basis for its headquarters operations

HP Corporate Campus • 378,000 square feet in two buildings and approxi-

mately 2,400 employees• Began construction in early 2017; completion

expected by third quarter 2018

CityPlace • CityPlace 2, at 10-stories and 327,000 SF, will be

the new home to American Bureau of Shipping; includes 25,000 SF of ground floor retail and is scheduled for completion in October 2018

• CityPlace 1, a new 149,600-square-foot office build-ing, is currently in the planning stages

NEW: Marriott CityPlace• Broke ground March 2017• 10-story, 337-room hotel will be the first full-service

hotel in CityPlace when it opens in November 2018

Springwoods Village

AREA HIGHLIGHTS


Retail & Entertainment Highlights

The Woodlands Mall

• 1.3 million square feet of shopping and dining• More than 160 stores including Aldo, Anthropologie, Apple,

Athleta, Banana Republic, Bath & Body Works, Buckle, Brookstone, Clarks, Coach, Express, Finish Line, Gap, GNC, Kiehl’s, Loft, Microsoft, Oakley, Sephora, Urban Outfitters, Victoria’s Secret, and more

• Restaurants include Fleming’s, The Cheesecake Factory, and P. F. Chang’s

Hughes Landing 66-acre mixed-use development on Lake Woodlands

• Retailers include: 18ǀ8 Fine Men’s Salon, Beauty Statement, Blo Blow Dry Bar, Cadence Bank, Fleet Feet Sports, Focus Optical, Fred Astaire Dance Studio, ivivva, KB Kasuals, Kriser’s Natural Pet, Norton Ditto, Pure Barre, RIDE Indoor Cycling, Venetian Nail Spa, vom FASS Oils Vinegars Spirits, Willa Boutique and Woodlands Laser

• Restaurants include: The Blue Fish, Broken Barrel, Califor-nia Pizza Kitchen, CUPS Frozen Yogurt, Del Frisco’s Grille, Escalante’s Fine Tex-Mex, Fogo de Chão, Local Pour, Maca-ron by Patisse, Starbucks, Truluck’s Seafood, Steak & Crab House, and Whole Foods Market

• Amenities: Lakes Edge water sport rentals, boardwalk, band/entertainment area, dog park, connection to hike and bike trails, Overlook Park and Wetlands Park

Market Street • Over 70 high end retail shops including Tiffany & Co.,

Brooks Brothers, and Michael Kors• 17 dining establishments including 1252 Tapas Bar, La

Madeleine, and Uni Sushi• Hyatt Centric (70 keys)• Market Street Cinemark movie theater • WiFi-enabled central park

Cynthia Woods Mitchell Pavilion• Outdoor amphitheater seats 6,500 with capacity

for an additional 10,000 on the lawn• Presents between 50 and 65 events every March

through December• Summer Home of the Houston Symphony, the

Home Away from Home of the Houston Ballet, and a presenting venue for the Houston Grand Opera and Texas Music Festival Orchestra

HUGHES LANDING

MARKET STREET

THE WOODLANDS MALL

AREA HIGHLIGHTS


Houston’s economic downturn is overHouston’s economic downturn is over and recovery has begun. Recovery signals include the West Texas Intermediate, the U.S. benchmark for light, sweet crude, now trading near $50 per barrel; the strong increase in the number of drilling rigs working in the U.S.; the cresting of the Houston Purchasing Managers Index over 50 in October 2016; and strong job growth in the 12 months ending October ‘16. These signals are underscored by a growing consensus that the global oil market is moving back into equilibrium for supply and demand, and that the price can be soon restored to the $65 per barrel range. Houston weathered the downturn better than many expected: the region never had a 12-month period in which employ-ment growth dipped below zero and the unemployment rate never rose above 5.8 percent.

The Houston economy benefited from a strong U.S. economy and the strength of its petrochemical and refining industries (which in turn benefited from the low prices of oil and natural gas). According Patrick Jankowski, senior Vice President of Research at the Greater Houston Partner-ship, Houston’s role as an energy capital of the world hasn’t changed: ”If you’re in the energy business, you either have to have a presence in Houston or you have to visit Houston on a regular basis.”

Offsetting oil losses, and keeping Hous-ton’s job growth positive, has been strong growth in service sector jobs. Growth in food service, healthcare, retail trade, and public education have led the metropolitan area’s job growth since late 2014.

The Houston area created 13,400 jobs in the 12 months ending October ’16, and the Greater Houston Partnership is projecting Houston will add 29,700 net jobs across all sectors in 2017, demonstrating confidence from local experts.

Worldwide leader in healthcareThe healthcare industry makes up 13% of the Houston MSA’s work-force and grew 2.9 percent between January ’16 and January ’17. Throughout the nation, hospitals, clinics and medical offices are expanding as they try to keep up with a population boom of nearly 10 percent since 2010. As a result, healthcare occupations and industries are expected to have the fastest employment growth and to add the most jobs between 2014 and 2024, the U.S. Bureau of Labor Statistics reports. In fact, between December ’14 to Octo-ber ’16, a period when mining and logging lost nearly 25,000 jobs due to the energy downturn, health care created nearly 23,000 new jobs. The Greater Houston Partnership expects Houston to add 9,800 healthcare jobs in ’17.

World’s Largest Medical ComplexHouston’s Texas Medical Center, dubbed a “Medical Mini-City” by Forbes, is the world’s largest medical complex, the 8th largest busi-ness district in the US, employs over 106,000 people and has an estimated regional annual economic impact of $20 billion. Much like the petrochemical boom occurring on Houston’s east side, institutions within the TMC have $3 billion in construction projects underway.

Healthcare expands to the suburbs World-class healthcare is no longer confined to the Texas Medical Center campus. As Houston’s growing population expands to the suburbs, so does its healthcare. New health center openings and expansions totaling over 5 million square feet in the TMC and the Greater Houston area over the next four years include:

• Memorial Hermann will open or expand hospitals in the TMC, Katy, Sugar Land, Pearland, Cypress and northeast Houston

• Texas Children’s will open or expand hospitals in the TMC, The Woodlands and West Houston

• Houston Methodist will open hospitals in West Houston, Sugar Land and The Woodlands

• The University of Texas Medical Branch will open a hospital in League City

• Baylor/CHI will open a hospital in the TMCThis unprecedented growth ensures that the medical sector will remain one of the major pillars of Houston’s economy for the foreseeable future.

Over 160,000 teachers, assistants, and librariansRanked as the nation’s seventh largest district, Houston Indepen-dent School District (HISD) covers 312 square miles with 288 schools, 13,000 teachers and more than 210,000 students. The US

Bureau of Labor Statistics estimates there are 160,000 teachers, teaching assistants and librarians in the Houston MSA. Houston is also home to multiple higher education institutions which attract students from all over the world:

• The University of Houston, a Tier One Research University, was chosen as one of the nation’s best colleges for undergraduate education by The Princeton Review in 2011.

• Rice University, a Tier One Research University, was ranked as a top institution in the country by The Princeton Review, Newsweek College Guide, Kiplinger’s Personal Finance, Worth magazine, Financial Times, U.S. News and World Report and the Almanac of Architecture and Design. Rice University ranked first among “30 Best Values in Small Colleges” according to Kiplinger’s Personal Finance Magazine (2014).

• The University of St. Thomas was recognized by U.S. News & World Report, The Cardinal Newman Society and The Princeton Review Guide.

• Baylor College of Medicine was ranked as one of the top 25 medical schools for research in 2011 by U.S. News & World Report.

• Lone Star College System is one of the fastest-growing com-munity colleges in the nation.

• Texas A&M University Health Science Center (TAMHSC) is the most comprehensive health science center in Texas. The TAM-HSC School of Public Health is ranked in the Top 25 “Best Grad Schools for Public Health” by U.S. News & World Report.

Strong retail growthRetail accounts for 10.3 percent of all jobs in the Houston region – only healthcare and government employ larger shares of the workforce. Houston ranks fourth nationally in retail construction activity. As of Q4 2016, occupancy was at 94%. Additionally, two million square feet of retail space is under construction, much of it for delivery next year. Houston should see the addition of add 4,500 jobs in this sector by year’s end.

• Travel + Leisure ranked Houston No. 2 among “Friendliest Cities in America” and No. 10 of “America’s Best Music Scenes”.

• U.S. News & World Report ranked Houston seventh “Best Foodie Destination in the USA.”

• National Geographic ranked Houston No. 8 “Top Nightlife Cities in the World”

• Houston was the only U.S. destination on Boston Globe’s six “Places to Visit in 2015”

Houston Market Overview

AREA HIGHLIGHTS


One of the friendliest cities in AmericaHouston’s performing arts, nightlife, culinary scene, and sports attractions drew 17.5 mil-lion visitors in ’15, up from 14.5 million in ’14. Houston First Corporation and the Greater Houston Convention & Visitors Bureau plan to increase annual visitors to 20 million in ’18 through a combination of marketing, tourism summits, industry outreach and infrastruc-ture improvements, including more than two dozen planned hotel openings in 2017.

While over 2.2 million annual visitors come for the Houston Livestock Show and Rodeo, the world’s largest livestock show and rodeo, many others come for its arts and culture. Houston has more than 500 cultural, visual and performing arts organizations, 90 of which are devoted to multicultural and minority arts. These organizations are some of the best in the country: The Children’s Museum of Houston is the highest attended youth museum in the country for its size and rated number one in the country by Parents magazine; the Houston Zoo welcomed over 2.55 million visitors in 2016, making it the number one most-visited zoo in the country; and Houston’s Museum of Fine Arts is the largest art museum in the Southwest United States.

For those who prefer live action to museums, Houston has a Theater District second only to New York City in its concentration of seats in one geographic area. Located downtown, the 17-block Theater District is home to eight performing arts organizations with more than 12,000 seats. The Houston Ballet was lauded by The New York Times as “...one of the nation’s best ballet companies” and the Houston Grand Opera is the only opera company in the world with Grammy, Tony and Emmy awards. With so much to offer visitors from all over the world, it’s no surprise that the Greater Houston Partnership predicts the addition of 8,700 employees to this sector in 2017.

New developments in air travelThe Houston Airport System contributed more than $27.5 billion to the local economy and is directly responsible for over 230,000 jobs in the Houston area. Air travel was not immune to the economic downturn, but the opening of an international concourse and return of international service to Latin American and the Caribbean in October 2015 at Houston Hobby helped offset a drop in domestic traffic system wide. Additionally, United Airlines is currently constructing a new Terminal C North facility slated to open in early ’17. In fact, the Greater Houston Partnership predicts a continuing recovery in this sector with the addition of 2,100 jobs.

Greater Houston Area Population by County

County 2015 Pop. 2016 Pop. Pop. % of Houston Growth Growth %

Austin 29,548 29,758 0.44% 210 0.7

Brazoria 345,661 354,195 5.23% 8,534 2.5

Chambers 38,768 39,899 0.59% 1,131 2.9

Fort Bend 713,849 741,237 10.94% 27,388 3.8

Galveston 321,538 329,431 4.86% 7,893 2.5

Harris 4,533,341 4,589,928 67.77% 56,587 1.2

Liberty 79,696 81,704 1.21% 2,008 2.5

Montgomery 536,434 556,203 8.21% 19,769 3.7

Waller 48,630 50,115 0.74% 1,485 3.1

Totals 6,647,465 6,772,470 - 125,005 1.90%

POPULATION | Over the past 35 years, Houston has added 3.4 million residents, 1.5 mil-lion jobs and real personal income has grown at a 6.1 percent annual rate.

INTERNATIONAL CITY | Houston’s business cost is 2.0% below the U.S. average, drawing foreign trade, investment, and business to the region. International trade directly or indirectly supports more than one-third of all jobs in the Houston metropolitan area, and 5,000 companies in Houston are doing business overseas. Based on trade, foreign investment, global connections and domination in certain aspects of the global economy, Houston is in the same category as New York, Tokyo, or other cities. Additionally, Houston exports ~$97B per year - for comparison, the State of Texas’ annual budget is $109B.

Ninety-two foreign governments have official representation in Houston, ranking the city’s consular corps third in the nation. Houston hosts 21 foreign banks, representing 9 nations; more than 752 foreign-owned firms; and more than 437 companies with branches in 144 other nations. The TMC sees an annual average of 16,000 international patient visits.

CONSTRUCTION | The Greater Houston Partnership predicts construction in the areas of industrial, single family housing, medical, institutional, and commercial. In the November ‘16 election, Houston area voters approved $638 million in local construction bonds on top of the $10.6 billion approved since May ’14.

EAST HOUSTON | Some $50 billion worth of refinery, petrochemical and LNG plants are underway, providing thousands of construction jobs, but that activity will peak over the next two years. In 2017, nearly $23 billion in such projects are scheduled to be completed. Increased need for routine maintenance and turnaround projects on the operational plants will soften the employment decrease as construction winds down.

PORT OF HOUSTON | 1st ranked US port in foreign tonnage (2015); 2nd ranked US port in total foreign cargo value (2015); Largest Gulf Coast container port, handling 68% of US Gulf Coast container traffic (2015); The Port Commission approved $88 million in capital expenditures tied to channel improvements and new terminals

SPACE CITY | Houston is home to Johnson Space Center, a $1.5 billion complex housing one of NASA’s largest R&D facilities, mission control, and the training base for US astro-nauts, as well as 150 companies involved in aircraft or space vehicle manufacturing, space research and technology.

HOUSING | Single family housing inventory remains tight with a 3.8-month supply, and 2016 saw a 3.0% increase in single-family homes sold from 2015. For the past two years, the 12-month total property sales tracked by the Houston Association of Realtors has remained steady between 89,000 and 91,500.

Houston Market Overview

AREA HIGHLIGHTS


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yer

to k

now

bec

ause

a b

uyer

’s a

gent

mus

t di

sclo

se t

o th

e bu

yer an

y m

ater

ial i

nfor

mat

ion

know

n to

the

agen

t.

IF T

HE

BR

OK

ER A

CTS

AS

AN

IN

TER

MED

IAR

Y:A

brok

er m

ay a

ct a

s an

int

erm

edia

ry b

etw

een

the

part

ies

if th

e br

oker

com

plie

s w

ith T

he T

exas

Rea

l Es

tate

Licen

se A

ct. T

he b

roke

r m

ust o

btai

n th

e w

ritte

n co

nsen

t of

eac

h pa

rty

to t

he t

rans

actio

n to

act

as

an

Ap

pro

ved

by

the

Texa

s R

eal E

stat

e C

omm

issi

on f

or V

olu

nta

ry U

se

Texa

s la

w r

equi

res

all r

eal e

stat

e lic

ense

es t

o gi

ve t

he fol

low

ing

info

rmat

ion

abou

t br

oker

age

serv

ices

to

pros

pect

ive

buye

rs,

tena

nts,

sel

lers

and

land

lord

s.

Info

rmat

ion

Abo

ut B

roke

rage

Ser

vice

s

Rea

l est

ate

licen

see

asks

tha

t yo

u ac

know

ledg

e re

ceip

t of

thi

s in

form

atio

n ab

out

brok

erag

e se

rvic

es f

or t

he li

cens

ee’s

rec

ords

.

inte

rmed

iary

. The

writ

ten

cons

ent m

ust st

ate

who

will

pay

the

brok

er a

nd, i

n co

nspi

cuou

s bo

ld o

r un

derli

ned

prin

t, se

t fo

rth

the

brok

er’s

oblig

atio

ns

as

an

inte

rmed

iary

. Th

e br

oker

is

requ

ired

to t

reat

eac

h pa

rty

hone

stly

and

fai

rly a

nd t

o co

mpl

y w

ith T

he

Texa

s Re

al E

stat

e Li

cens

e Ac

t.

A br

oker

who

act

s as

an

inte

rmed

iary

in a

tran

sact

ion:

(1)

shal

l tre

at a

ll pa

rtie

s ho

nest

ly;

(2)

may

not

disclos

e th

at t

he o

wne

r w

ill a

ccep

t a

price

less

tha

t th

e as

king

pric

e un

less

aut

horiz

ed i

n w

ritin

g to

do

so b

y th

e ow

ner;

(3)

may

not

disclos

e th

at t

he b

uyer

will p

ay a

pr

ice g

reat

er t

han

the

price

sub

mitt

ed in

a w

ritte

n of

fer

unle

ss a

utho

rized

in w

ritin

g to

do

so b

y th

e bu

yer;

and

(4)

may

not

disc

lose

any

con

fiden

tial i

nfor

mat

ion

or

any

info

rmat

ion

that

a p

arty

spe

cifica

lly i

nstru

cts

the

brok

er i

n w

ritin

g no

t to

disc

lose

unl

ess

auth

orize

d in

w

ritin

g to

disc

lose

the

info

rmat

ion

or re

quire

d to

do

so b

y

The

Texa

s Re

al E

stat

e Lice

nse

Act

or a

cou

rt or

der

or if

th

e in

form

atio

n m

ater

ially

rel

ates

to

the

cond

ition

of t

he

prop

erty

.

With

th

e pa

rtie

s’

cons

ent,

a br

oker

ac

ting

as

an

inte

rmed

iary

bet

wee

n th

e pa

rtie

s m

ay a

ppoi

nt a

per

son

who

is

licen

sed

unde

r Th

e Te

xas

Real

Est

ate

Lice

nse

Act

and

asso

ciat

ed w

ith t

he b

roke

r to

com

mun

icat

e w

ith

and

carr

y ou

t in

stru

ctio

ns

of

one

part

y an

d an

othe

r pe

rson

who

is

licen

sed

unde

r th

at A

ct a

nd

asso

ciat

ed w

ith t

he b

roke

r to

com

mun

icat

e w

ith a

nd

carr

y ou

t ins

truc

tions

of t

he o

ther

par

ty.

If y

ou c

hoos

e to

hav

e a

brok

er r

epre

sent

you

, yo

u sh

ould

ent

er i

nto

a w

ritte

n ag

reem

ent

with

the

br

oker

tha

t clea

rly e

stab

lishe

s th

e br

oker

’s o

blig

atio

ns

and

your

obl

igat

ions

. T

he

agre

emen

t sh

ould

sta

te

how

and

by

who

m t

he b

roke

r w

ill b

e p

aid.

You

hav

e th

e rig

ht t

o ch

oose

the

typ

e of

rep

rese

ntat

ion,

if a

ny,

you

wish

to rec

eive

. You

r pa

ymen

t of a

fee

to a

bro

ker

does

no

t ne

cess

arily

es

tabl

ish

that

th

e br

oker

re

pres

ents

you

. If y

ou h

ave

any

ques

tions

reg

ardi

ng

the

dutie

s an

d re

spon

sibi

litie

s of

th

e br

oker

, yo

u sh

ould

res

olve

thos

e qu

estio

ns b

efor

e pr

ocee

ding

.

Buy

er,

Sel

ler,

Lan

dlor

d or

Ten

ant

D

ate

Texa

s Re

al E

stat

e Br

oker

s an

d Sa

lesp

erso

ns a

re li

cens

ed a

nd r

egul

ated

by

the

Texa

s Re

al E

stat

e Co

mm

issi

on (

TREC

). I

f you

hav

e a

ques

tion

or c

ompl

aint

re

gard

ing

a re

al e

stat

e lic

ense

e, y

ou s

houl

d co

ntac

t TRE

C at

P.O

. Box

121

88, A

ustin

, Tex

as 7

8711

-218

8 ,

512-

936-

3000

(ht

tp:/

/ww

w.t

rec.

texa

s.go

v)

T

REC

No.

OP-

K

±66.07 acres at spring stuebner and northcrest drive...tim dosch, david marshall, and tom dosch...

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