Timberway II

Acquisition Date:	January 2010
Location:	Houston, TX
Size:	130,828 square feet of office space
Investment Opportunity:	Purchased below replacement value. Increase Base rent (15% below market rate), renovation of the lobbies.
Results:	Renovations done; renewed most of the largest current tenants; current occupancy (9-30-11) is 97% with an NOI growth since acquisition of 28% and a Average term 15% longer than at acquisition.