3900 Essex

Acquisition Date:	September 2010
Location:	Houston, TX
Size:	233,871 square feet of office space
Investment Opportunity:	Purchased below replacement value. Increase Base rent (15% below market rate), updates mechanical systems of the building and renovation of the lobbies. Maintain occupancy.
Results:	Since acquisitions, we have been able to maintain occupancy levels, increased the average term of the leases by 13%, rental rates by 4%.