Everything You Need to Know About Property Taxes...Commercial Litigation Stats – 2015 - 2017. 2015...

Everything You Need to Know About Property Taxes

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2017 REVIEWKELLI MORRISON

Value IncreasesValues were up significantly for the 3rd year in a row

Property Type2015 FINAL %

Increase2016 FINAL %

Increase2017 NOTICED

% Increase2017 FINAL %

Increase

Office 28.66% 20.99% 19.67% 13.15%Retail 30.70% 22.90% 25.20% 13.70%Apartments 11.44% 12.13% 16.31% 9.38%Industrial 39.90% 21.50% 14.34% 9.03%

Number of Protests Filed – 2015 - 2017

2015 2016 2017Total Protests

Filed 109,141Total Protests

Filed 116,655Total Protests

Filed 126,301

Portfolio % of Total Portfolio % of Total Portfolio % of TotalResidential 83.29% Residential 83.13% Residential 85.78%Commercial 11.73% Commercial 12.28% Commercial 11.28%Personal 4.98% Personal 4.59% Personal 2.94%

Commercial Litigation Stats – 2015 - 2017

2015 2016 2017Overall Filed

Lawsuits 503Overall Filed

Lawsuits 723Overall Filed

Lawsuits 881

Portfolio % of Total Portfolio % of Total Portfolio % of TotalHotels 6.47% Hotels 4.70% Hotels 3.86%Industrial 10.92% Industrial 12.13% Industrial 13.87%Land 18.84% Land 12.34% Land 11.72%Misc. 0.97% Misc. 1.05% Misc. 1.14%Multifamily 19.23% Multifamily 25.11% Multifamily 22.67%Office 17.00% Office 16.20% Office 16.78%Office Condo 0.68% Office Condo 0.35% Office Condo 1.01%Retail 25.89% Retail 28.12% Retail 28.94%

TCAD Sources of Data Costar, Austin Investor Interests, TREPP, Real Capital

Analytics, Austin Business Journal, Austin AmericanStatesman, CBRE, PWC, Fannie Mae, Freddie Mac,REIS, Korpacz, Capital Market Research, Weitzman,Brokerage Office Publications, RERC, JLL, SECReports, Internet, Owner Surveys, etc.

In 2017, TCAD had 95 appraisals commissioned over allcommercial property types

TCAD performs annual inspections of many properties

Attendance at local real estate conferences

2018 PREVIEWKELLI MORRISON

2018 is a Ratio Study Year:

Every other year, the State Comptroller performs a studyon the assessed values of properties compared to itsestimates of market value

Appraisal District’s assessed value must be within +/-5%of the market value to pass the study

If the Appraisal District fails the study, the State canwithhold funding from the impacted school district(s)

What is a Ratio Study?

2018 is a Ratio Study Year:

The Appraisal District will likely argue for 100% ofpurchase prices for any recently-sold properties throughthe administrative appeal (ARB) level

The Appraisal District will be under more pressure to beaggressive with its valuations and less willing to makechanges

What does this mean for values?

“Top-lining” A process of “agreeing to disagree” to a value, while

preserving your right to further appeal (litigation orarbitration)

Avoids the risk of going before the ARB, where the valuecould be sustained or increased.

ARB members often do not understand the complexity ofcommercial appraisal, which puts the taxpayer at adisadvantage

Has become a common practice

Binding Arbitration Lower-cost alternative to filing a lawsuit in District Court Intended for owners with lower-valued properties where filing

a lawsuit may not be cost-effective Must be filed no later than 45 days after receipt of the ARB

Final Determination of Value Agent/Owner, Appraisal District representative, and

Arbitrator meet via teleconference or in-person meeting The value threshold for arbitration increased from $3 million

to $5 million, effective September 2017 The filing fee ranges from $500 - $1,550, with all but $50

refunded (if successful)

How can you help us be the most effective in 2018?

Client Meetings - we want to know everything--thegood, the bad, and the ugly

Information Request - there is never too muchinformation you can give us - in addition to ourinformation request if there are any appraisals orpurchase offers, or if you are planning to take yourproperty to market - we need to know!

Open line of communication - if you ever have anyquestions, comments, concerns - CALL US!

OFFICESTEVE LAAS

TCAD OFFICE PROPERTY TYPES

USE CODE 50 – HI-RISE OFFICE > 6 Stories

USE CODE 51 – LARGE OFFICE > 35,000 SF

USE CODE 52 – MEDIUM OFFICE 10,000 SF – 35,000 SF

Office Portfolio – Travis County

How TCAD sees your office building:


How we portray your office building:


Reality:


Office Portfolio – Travis County2013 2014 2015 2016 2017

Total NRA 52,230,616 52,425,410 52,453,941 53,277,376 53,717,025Value $7,004,316,780 $8,029,479,436 $10,336,527,888 $12,702,746,410 $14,491,264,951# of Buildings 665 672 680 691 696Value/SF $134.10 $153.16 $197.06 $238.43 $269.77% Δ 14.21% 28.66% 20.99% 13.15%

Class A NRA 27,982,713 28,177,507 28,206,038 29,029,473 29,441,335Class A Value $4,469,652,315 $5,198,491,689 $6,870,997,151 $8,770,072,929 $10,101,165,543Class A Buildings 192 200 206 214 219Class A Value/SF $159.73 $184.49 $243.60 $302.11 $343.09% Δ 15.50% 32.04% 24.02% 13.57%

Class B NRA 22,786,736 22,786,736 22,786,736 22,786,736 22,786,736Class B Value $2,450,594,604 $2,717,878,665 $3,337,905,584 $3,791,941,055 $4,264,832,587Class B Buildings 425 425 426 426 429Class B Value/SF $107.54 $119.27 $146.48 $166.41 $187.16% Δ 10.91% 22.81% 13.60% 12.47%

Class C NRA 1,055,259 1,055,259 1,055,259 1,055,259 1,055,259Class C Value $66,051,879 $70,950,661 $80,488,433 $82,553,427 $90,742,037Class C Buildings 34 34 34 34 34Class C Value/SF $62.59 $67.24 $76.27 $78.23 $85.99% Δ 7.42% 13.44% 2.57% 9.92%

Office Summary by Class

7.6%13.5%

38.6%

26.9%

15.1%

3.6% 7.6%24.4%

18.1%12.4%

2.8% 11.1% 21.5% 20.6% 11.8%$0

$1,000,000,000

$2,000,000,000

$3,000,000,000

$4,000,000,000

$5,000,000,000

$6,000,000,000

$7,000,000,000

$8,000,000,000

$9,000,000,000

$10,000,000,000

$11,000,000,000

2013 2014 2015 2016 2017

Class A Class B Class C

2018 Projection


2018 Projection

5% to 15% increases; depending on submarket and building class


Why are Values so High?? - Notable Office Transactions 5th & Colorado, 179,351 SF, built in 2016

$119,000,000 ($663.50/SF)

100 Congress, 411,536 SF, built in 1987 $245,000,000 ($595.33/SF)

Domain 7, 221,973 SF, built in 2015 $98,907,284 ($445.58/SF)

Capital Ridge, 216,511, built in 2015 $96,000,000 ($443.40/SF)

Note: TCAD will time trend the sales


Why are Values so High?? - Notable Office Appraisals 1001 Congress, 24,737 SF, built in 2002

$10,000,000 ($404.25/SF)

823 Congress, 181,351 SF, built in 1970 $62,000,000 ($341.88/SF)

Terrace 7, 192,214 SF, built in 2002 $61,900,000 ($322.04/SF)

Midtown Medical, 82,000, built in 2003 $32,500,000 ($396.34/SF)

Note: TCAD will time trend the sales


TCAD Sources of DataCostar, Real Capital Analytics, TREPP, Real EstateAlert, Austin Investor Interests, Austin BusinessJournal, Austin American Statesman, Korpacz, CapitalMarket Research, CBRE, Weitzman, Local BusinessConferences, PWC, Brokerage Office Publications,RERC, JLL, Fannie Mae, Freddie Mac, SEC reports,Internet, Owners replying to Surveys, …


HOW CAN YOU HELP US?? Income and expense statements, rent rolls (as of

1.1.18), capital improvement budgets, lease proposals for leases that were not accepted, etc.

Details are important (lease summaries – help us determine market rent)

Client Interview – helps us better understand your property.

Recent appraisals, purchase offers or listings


Office Portfolio – Travis CountyIncome Valuation Model (CBD & SWE)

APARTMENTSJASON LEE

08 – Apartment with 50+ Units (but labeled as apartment with 100+ Units)

06 – Apartment with 26 to 49 units

05 – Apartment with 5 to 25 units

Neighborhood Code then added to distinguish general locationExamples: 08FNW; 08NE; 08SW; 05CEN; 06EAS; etc.

TCAD’s Apartment Use Codes

486 Apts

143 Apts

543 Apts

08 (50+ Units) 06 (26-49 Units) 05 (5-25 Units)

46% 42%

12%

All Apartments – Travis County

57.8%32.7%

9.5%


Large Apartments (08) Travis County486 Total

Where we’ve been

+8.73%

+10.55%

+9.81%

+9.96%

+7.60%

+16.49% +18.08%+14.97% +17.16%

+13.98%

+7.30% +25.95% +17.98% +26.14% +18.32%

$0

$2,000,000,000

$4,000,000,000

$6,000,000,000

$8,000,000,000

$10,000,000,000

$12,000,000,000

$14,000,000,000

2013 2014 2015 2016 2017

Large Apartment Values 2013-2017


+9.6%+13.92%

+16.16%

+26.44%

+24.61

$0

$50,000,000

$100,000,000

$150,000,000

$200,000,000

$250,000,000

$300,000,000

$350,000,000

$400,000,000

$450,000,000

$500,000,000

2013 2014 2015 2016 2017

Medium Apartments (06 Apts – 26 to 49 Units)

06 Apts (26-49 Units)

Where we’ve been

+10.58%+13.57%

+14.34%

+22.81%

+19.38%

$0

$100,000,000

$200,000,000

$300,000,000

$400,000,000

$500,000,000

$600,000,000

$700,000,000

$800,000,000

2013 2014 2015 2016 2017

Small Apartments 05 – 5 to 25 Units)

05 (5-25 Units)

Where we’ve been

How the Taxing Jurisdictions see Value Increases:

How it feels to Property Owners:

Canyon Resort Great Hills Mandalay University Estates University Village Promesa West Koenig FlatsJan-17 Dec-16 Nov-16 Nov-16 Nov-16 Nov-16

$44,500,000 $35,550,000 $77,700,000 $54,290,000 $45,050,000 $39,800,000$38,000,000 $30,964,100 $57,347,302 $39,152,698 $40,427,700 $36,807,000

85.39% 87.10% 73.81% 72.12% 89.74% 92.48%

Barton Creek Villas Remington Hills The Brodie Bridges at Volente Westlake VistasSep-16 Sep-16 Sep-16 Sep-16 Aug-16

$51,250,000 $25,750,000 $48,900,000 $25,500,000 $65,130,000$43,594,200 $22,640,000 $44,931,600 $20,587,000 $57,594,500

85.06% 87.92% 91.88% 80.73% 88.43%

TCAD REPORTED SALES VS. 2016 FINAL VALUES - CLASS A

Ridge at Barton Creek Canvas Parker Laurel Woods OSLO Lantana AptsJan-17 Oct-16 Sep-16 Jun-16 May-16 Apr-16

$51,750,000 $24,500,000 $22,800,000 $16,800,000 $16,150,000 $7,400,000$47,635,500 $20,916,800 $12,805,995 $15,692,579 $14,484,088 $6,321,808

92.05% 85.37% 56.17% 93.41% 89.68% 85.43%

TCAD REPORTED SALES VS. 2016 FINAL VALUES - CLASS B

RARE FELIZ VIDA AMOR Mueller 51 Joplin at Crestview The ArrangementOct-16 Oct-16 Oct-16 Oct-16 Sep-16 Sep-16 Aug-16

$20,000,000 $11,400,000 $15,150,000 $11,800,000 $7,665,000 $9,500,000 $38,900,000$11,100,000 $7,637,737 $10,811,391 $8,873,825 $3,640,600 $7,903,846 $25,270,000

55.50% 67.00% 71.36% 75.20% 47.50% 83.20% 64.96%

TCAD REPORTED SALES VS. 2016 FINAL VALUES - CLASS C/D

Sales Prices vs. Assessment Value

TCAD Inc Approach

PIDNAMENBHDEFF YOCCLASSSFUNITSUNIT SIZE2017 PGR MONTH2017 PGR YEAR2017 VAC2017 OTHER INC2017 EFF INC2017 TOTAL EX RATIO (less tax)2017 RES $/unit2017 TOTAL EXPS $/PSF (less tax)2017 NOI $/PSF (less tax)2017 CAP RATE2017 TAX RATE LOAD2017 LOADED CAP RATE2017 NOTICED VALUE2017 VALUE PER UNIT2017 VALUE $/PSF

820452MONTERRA LUXURY08FNW2013A226,420258878$1.46$17.576.0%10.0%$18.1726.35%$250$5.07$13.104.50%2.44%6.94%$42,728,384$165,614$188.71

PID820452

NameMonterra Luxury

NBHD08FNW

Eff YOC2013

ClassA

SF226420

Units258

Unit Size878

Potential Gross Rental Revenue$17.57$3,978,199

Vacancy/Collection6.00%-$238,692

Other Income10.00%$373,951

Effective Gross Income$18.17$4,113,458Total Income

Exp Ratio (less tax)26.35%$1,083,896

Reserve$250$64,500

Total Exp / SF (less tax)$5.07$1,148,396Total Expenses (no taxes)

NOI / SF (less tax)$13.10$2,965,062NOI (no taxes)

Cap Rate4.50%

Tax Load 2.44%

Loaded Cap Rate6.94%÷ 6.94%Cap Rate (loaded w/ tax rate)

2017 Noticed Value$42,739,222$42,724,236Value

2017 Noticed Value per SF$188.76

2017 Noticed Value per Unit$165,656

Sales-Assement Ratios (2018)

REPORTED SALES VS. 2017 FINAL VALUES - CLASS A

766739-41/764224526815498141521413447092

The TriangleParmer PlaceMonterone Canyon CreekPaseo at Bee CaveAustin City Lights

Class A - 08NCClass A - 08NE1Class A - 08WWWClass A - 08SW1Class A

Jun-17Jun-17Jul-17Jul-17Oct-17

$104,318,800$40,500,000$52,500,000$48,500,000$58,900,000

$97,080,414$40,996,900$44,902,900$41,700,000$52,970,200

93.06%101.23%85.53%85.98%89.93%

Appraised Value (RCA)

REPORTED SALES VS. 2017 FINAL VALUES - CLASS B & C

204045250393248790248606223344237288

East University PlacePalo SantoNorthgate HillsArabellaThe LegacyGreat Northern Studios

Class B - 08EC1Class C - 08NOClass C - 08NOClass C - NC1Class C - 08NEClass C - 06NC2

Jul-17Jun-17Jun-17Sep-17Oct-17Jul-17

$11,400,000$5,000,000$31,824,000$10,500,000$12,700,000$2,700,000

$6,755,700$3,500,000$30,241,500$9,890,100$9,417,500$2,054,640

59.26%70.00%95.03%94.19%74.15%76.10%

Appraised Value (RCA)

REPORTED SALES VS. 2017 FINAL VALUES - CLASS C

250393248790248606223344237288

Palo SantoNorthgate HillsArabellaThe LegacyGreat Northern Studios

Class C - 08NOClass C - 08NOClass C - NC1Class C - 08NEClass C - 06NC2

Jun-17Jun-17Sep-17Oct-17Jul-17

$5,000,000$31,824,000$10,500,000$12,700,000$2,700,000

$3,500,000$30,241,500$9,890,100$9,417,500$2,054,640

70.00%95.03%94.19%74.15%76.10%

Sales-Assement Ratios

TCAD REPORTED SALES VS. 2016 FINAL VALUES - CLASS A91.18%

439489101867461061445769507740755235

Canyon Resort Great HillsMandalayUniversity EstatesUniversity VillagePromesaWest Koenig Flats

Jan-17Dec-16Nov-16Nov-16Nov-16Nov-16

$44,500,000$35,550,000$77,700,000$54,290,000$45,050,000$39,800,000

$38,000,000$30,964,100$57,347,302$39,152,698$40,427,700$36,807,000

85.39%87.10%73.81%72.12%89.74%92.48%

228148437714513316447476523566731049336634731049278495772165463215824773523566

Barton Creek VillasRemington HillsThe BrodieBridges at VolenteWestlake VistasAbacus SouthsideWestlake VistasBroadstone Grand AvenueBell South Lamar (Cielo)NINE on ShorelineEstates at Bee CaveBridges at Volente

Sep-16Sep-16Sep-16Sep-16Aug-16Aug-16Aug-16Aug-16Jul-16Sep-16Jun-16Jun-16

$51,250,000$25,750,000$48,900,000$25,500,000$65,130,000$21,000,000$65,130,000$36,800,000$80,100,000$37,300,000$56,250,000$25,500,000

$43,594,200$22,640,000$44,931,600$20,587,000$57,594,500$21,800,965$57,594,500$33,196,800$76,880,000$32,962,800$51,026,745$20,587,000

85.06%87.92%91.88%80.73%88.43%103.81%88.43%90.21%95.98%88.37%90.71%80.73%

278495772165463215824773523566378903378903521619/704233481431802086811436194738771775

Broadstone Grand AvenueBell South Lamar (Cielo)NINE on ShorelineEstates at Bee CaveBridges at VolenteScofield ParkScofield ParkMadrone/Cielo1825 Place AptsVillas at Spring TrailCentury Stone HillEleven AptsSabina Ph I

Aug-16Jul-16Sep-16Jun-16Jun-16Jun-16Jun-16Jun-16Jun-16Jun-16Jun-16Apr-16Mar-16

$36,800,000$80,100,000$37,300,000$56,250,000$25,500,000$65,600,000$65,600,000$104,500,000$39,000,000$36,600,000$55,000,000$60,150,000$64,500,000

$33,196,800$76,880,000$32,962,800$51,026,745$20,587,000$59,215,000$59,215,000$91,297,300$38,220,000$32,439,200$50,400,000$57,500,000$60,000,000

90.21%95.98%88.37%90.71%80.73%90.27%90.27%87.37%98.00%88.63%91.64%95.59%93.02%

378903521619/704233481431802086811436194738771775821723507853507793548324439201206062821213738684

Scofield ParkMadrone/Cielo1825 Place AptsVillas at Spring TrailCentury Stone HillEleven AptsSabina Ph IIMT Southpark NorthEllie IEllie IIRadius at DomainRiverlodge AptsAxis West CampusBell Four PointsVillas at Tech Ridge

Jun-16Jun-16Jun-16Jun-16Jun-16Apr-16Mar-16Mar-16Mar-16Mar-16Mar-16Mar-16Feb-16Feb-16Feb-16

$65,600,000$104,500,000$39,000,000$36,600,000$55,000,000$60,150,000$64,500,000$46,300,000$24,418,600$17,581,400$52,000,000$57,200,000$48,500,000$53,000,000$46,800,000

$59,215,000$91,297,300$38,220,000$32,439,200$50,400,000$57,500,000$60,000,000$41,802,013$22,851,421$16,149,796$50,498,419$54,900,000$48,500,000$51,452,800$43,600,000

90.27%87.37%98.00%88.63%91.64%95.59%93.02%90.29%93.58%91.86%97.11%95.98%100.00%97.08%93.16%

821723507853507793548324439201206062821213738684475190475189271369819840

IMT Southpark NorthEllie IEllie IIRadius at DomainRiverlodge AptsAxis West CampusBell Four PointsVillas at Tech RidgeAlara Canyon Creek AptsAlara Cantebrea Crossing33 HundredEthos

Mar-16Mar-16Mar-16Mar-16Mar-16Feb-16Feb-16Feb-16Jan-16Jan-16Dec-15Dec-15

$46,300,000$24,418,600$17,581,400$52,000,000$57,200,000$48,500,000$53,000,000$46,800,000$47,550,000$32,975,000$54,500,000$55,000,000

$41,802,013$22,851,421$16,149,796$50,498,419$54,900,000$48,500,000$51,452,800$43,600,000$47,550,000$32,975,000$54,026,516$54,694,166

90.29%93.58%91.86%97.11%95.98%100.00%97.08%93.16%100.00%100.00%99.13%99.44%

475190475189271369819840

Alara Canyon Creek AptsAlara Cantebrea Crossing33 HundredEthos

Jan-16Jan-16Dec-15Dec-1577.86%103802332584224869171701512613202003285043

$47,550,000$32,975,000$54,500,000$55,000,000Ridge at Barton CreekCanvasParkerLaurel WoodsOSLOLantana AptsCollection at Riverside

$47,550,000$32,975,000$54,026,516$54,694,166Jan-17Oct-16Sep-16Jun-16May-16Apr-16Jan-16

100.00%100.00%99.13%99.44%$51,750,000$24,500,000$22,800,000$16,800,000$16,150,000$7,400,000$17,100,000

$47,635,500$20,916,800$12,805,995$15,692,579$14,484,088$6,321,808$16,264,110

92.05%85.37%56.17%93.41%89.68%85.43%95.11%

TCAD REPORTED SALES VS. 2016 FINAL VALUES - CLASS B

103802332584224869171701512613202003285043174383210721

Ridge at Barton CreekCanvasParkerLaurel WoodsOSLOLantana AptsCollection at RiversideBalcones ClubDelwood Station

Jan-17Oct-16Sep-16Jun-16May-16Apr-16Jan-16Jan-16Dec-15

$51,750,000$24,500,000$22,800,000$16,800,000$16,150,000$7,400,000$17,100,000$30,000,000$7,435,000

$47,635,500$20,916,800$12,805,995$15,692,579$14,484,088$6,321,808$16,264,110$27,479,323$7,435,000

92.05%85.37%56.17%93.41%89.68%85.43%95.11%91.60%100.00%

174383210721

Balcones ClubDelwood Station

Jan-16Dec-1566.39%219325250294251496252119807410235151287604

$30,000,000$7,435,000RAREFELIZVIDAAMORMueller 51Joplin at CrestviewThe Arrangement

$27,479,323$7,435,000Oct-16Oct-16Oct-16Oct-16Sep-16Sep-16Aug-16

91.60%100.00%$20,000,000$11,400,000$15,150,000$11,800,000$7,665,000$9,500,000$38,900,000

$11,100,000$7,637,737$10,811,391$8,873,825$3,640,600$7,903,846$25,270,000

55.50%67.00%71.36%75.20%47.50%83.20%64.96%

219325250294251496252119807410235151287604232697242990289154277030250063243466228220285960

TCAD REPORTED SALES VS. 2016 FINAL VALUES - CLASS C/D

RAREFELIZVIDAAMORMueller 51Joplin at CrestviewThe ArrangementSt. Johns SquareCreekside TraceAvesta South Shore1825 CottagesIronhorse FlatsPark at Stone CreekLas ColinasJewel

Oct-16Oct-16Oct-16Oct-16Sep-16Sep-16Aug-16Jun-16Jun-16Jun-16Jun-16May-16Feb-16Feb-16Jan-16

$20,000,000$11,400,000$15,150,000$11,800,000$7,665,000$9,500,000$38,900,000$5,500,000$15,225,000$30,500,000$9,600,000$17,300,000$34,500,000$12,152,000$9,520,000

$11,100,000$7,637,737$10,811,391$8,873,825$3,640,600$7,903,846$25,270,000$3,564,000$12,334,208$22,800,000$7,101,160$16,131,000$26,500,000$7,955,983$8,548,600

55.50%67.00%71.36%75.20%47.50%83.20%64.96%64.80%81.01%74.75%73.97%93.24%76.81%65.47%89.80%

23269724299028915427703025006324346622822028596061.82%220913228229219121229156

St. Johns SquareCreekside TraceAvesta South Shore1825 CottagesIronhorse FlatsPark at Stone CreekLas ColinasJewelWestheimer OaksAustin PacificaVanita UrbanCanyon Trails

Jun-16Jun-16Jun-16Jun-16May-16Feb-16Feb-16Jan-16Dec-16Sep-16Sep-16Sep-16

$5,500,000$15,225,000$30,500,000$9,600,000$17,300,000$34,500,000$12,152,000$9,520,000$4,698,438$6,450,000$9,400,000$13,500,000

$3,564,000$12,334,208$22,800,000$7,101,160$16,131,000$26,500,000$7,955,983$8,548,600$3,331,549$4,035,700$4,096,700$9,482,400

64.80%81.01%74.75%73.97%93.24%76.81%65.47%89.80%70.91%62.57%43.58%70.24%

220913228229219121229156

Westheimer OaksAustin PacificaVanita UrbanCanyon Trails

Dec-16Sep-16Sep-16Sep-16

$4,698,438$6,450,000$9,400,000$13,500,000

$3,331,549$4,035,700$4,096,700$9,482,400

70.91%62.57%43.58%70.24%

Graphs

Apartment A

NBHDPIDDBAOWNERSHIPNUMSTREETYOCINCOME CLASS%GDNRAUNITSUnits/sfIMP VALUEIMP/SFLD VALUELD/SF2017 FVTOT/SFTCAD AppraiserCRNT%CHGY2Y %CHGAgentNameACRGNOTC VALUE2016 FV2015 FV2014 FV2013 FV2012 FVPLAT IDLEGAL DESCRIPTIONUNT SZTOT/UNTDEED DATETCAD SALETCAD DATEMLS SALEMLS DATEEYOCSTRIMP SFICLASSCLSCH%OFFCOFFCSFOFFCEXLOFFCGDOFFCAVOFFCF/IPHYSFUNCECO%CPNADJLSTCLSGRDLSTGRDLST YR NADJPRV YR NADJTTL ADDT DTLMULTI FLGCLSSL:BLD/BSFLAND ADJLANDSQFTLFFLD/LFFARBFLGARB DTARB TYPAGT CDNTC DATE#NBHDVAL REDCTNY2Y CHGLAND_PY1NOTICE_PY1LAND_PY2

08SC187829WATER MARQCWS RIVERSIDE 300 LP300E RIVERSIDE DR2016A100%249337264$53,314,621$ 213.83$15,246,360$ 90.00$68,560,981$ 274.9711%109%JIM SCHWALLS & ASSOCIATES3.89$77,117,898$32,822,516$11,265,366$10,174,240$12,750,000$10,800,0000201011105ABS 8 SUR 20 DECKER I ACR 3.889944$259,700.6910132006201608249337WV700001100.00%WV7GG100.00%WV70.6794$61.15A0008: 0.00%; 08SC: 100.00%1694040ORD206/27/2017 9:00AMP24094282616-$8,556,917$35,738,465$15,246,360$41,138,484$11,265,366

08HIR196726RISE ON 8TH54M 805 NUECES LPNUECES ST2016A100%213132201$75,970,906$ 356.45$6,040,435$ 239.08$82,011,341$ 384.79158%0.58$82,011,341$31,755,838$1,957,623$2,000,632$1,656,449$1,684,6600208010102.58AC OF LOTS 1-4 BLOCK 102 ORIGINAL CITY1,060$408,016.6204032017201608213132B700001100.00%B7100.00%B70.1185$28.34S01420: 0.00%; 08HIR: 100.00%; O: 90.00%; TS: 110.00%; TSA: 105.00%25265004282618$50,255,503$2,728,598$35,895,471$1,935,423

08WC206095THE CORNERCORNER DEVELOPMENT LLC2508SAN GABRIEL ST2016A100%7977562$21,266,380$ 266.58$1,578,720$ 88.00$22,845,100$ 286.3713%283%RYAN - AUSTIN0.41$26,183,876$5,959,387$1,131,600$961,860$792,120$611,0640214000906LOT 20-22 BLK 6 OLT 54 DIV D HARWOOD SUBD1,287$368,469.350518201520160879775B600001100.00%B6GG100.00%100.00%B60.2249$19.79S05630: 0.00%; 08WC: 100.00%; N: 160.00%179400ORD206/06/2017 9:30AMP16043214282639-$3,338,776$16,885,713$1,190,618$5,959,387$628,139

08NE2716837TOWNES ON 10THTOWNES ON 10TH LLC1200S TENTH ST2016A100%14028093$14,063,490$ 100.25$2,036,510$ 5.00$16,100,000$ 114.7711%11%9.35$18,001,270$14,556,900$1,832,859$814,604$327,264$327,2640268360793LOT 18 BLK E MOUNTAIN CREEK IV1,508$173,118.2805012014201608140280WV600001100.00%WV6100.00%WV62.9035$14.52S16130: 100.00%; 08NE2: 100.00%4073020ORD206/27/2017 9:30AMP04282615-$1,901,270$1,543,100$2,036,510$19,050,137$1,832,859

08NE1775561NXNE APTSLANTOWER TECHRIDGE AUSTIN LP14233THE LAKES BLVD2016A100%273813375$45,157,148$ 164.92$3,162,204$ 4.15$48,319,352$ 176.470%336%17.50$48,319,352$11,075,759$2,148,584$1,074,292$1,074,292$1,074,2920266260413LOT 2 BLK A LAKES AT TECHRIDGE & LOT 3 BLK A LAKES AT TECHRIDGE BLK A LTS 3&4 & BLK B LT 1730$128,851.6104072017201608273813WV600001100.00%WV6GG100.00%WV62.7844$11.55S16649: 100.00%; 08NE1: 100.00%7623950ORD306/06/2017 9:30AMP04282621$0$37,243,593$2,148,584$11,544,853$2,148,584

08SC3810714LENOX CREEKSIDEPURE CREEKSIDE APTS LLC1900ONION CREEK PKWY2016A100%2285140$35,292,370$ 154.44$3,549,530$ 6.00$38,841,900$ 169.984%33%CANTRELL MCCULLOCH INC13.58$40,469,635$29,100,000$2,766,353$1,478,970$1,774,765$1,035,2800443130104LOT 1A3 DOUBLE CREEK VILLAGE BLK B RESUB OF LT 1 BLK B RESUB LT 1A01252017201608228514WV600001100.00%WV6AA100.00%WV62.5888$15.53S17988: 100.00%; 08SC3: 100.00%5915880ORD206/20/2017 9:00AMP20284282619-$1,627,735$9,741,900$3,549,530$37,048,397$2,366,353

08WC818184VILLAS AT SAN GABRIEL2410 SAN GABRIEL L P2410SAN GABRIEL ST2016A40%17459692318.75$11,763,871$ 67.38$2,640,000$ 66.00$14,403,871$ 82.500%250%MORRISON & HEAD LP0.92$14,403,871$4,110,484$7,038,961$7,320,000$6,695,6200214001334LOT 5-8 BLK 1 OLT 45 DIVISION D1,898$156,563.82201608174596AB600000.4100.00%B6GG100.00%100.00%B60.2291$15.12S03980: 0.00%; 08WC: 100.00%; SZ: 120.00%400000W06/06/2017 1:00PMP20064282639$0$10,293,387$2,640,000$4,110,484$2,400,000

08SC3821724IMT SOUTHPARK (SOUTH)IMT CAPITAL IV SOUTHPARK II LP9400S 1 ST2016A100%244746285$38,642,911$ 157.89$2,666,743$ 5.00$41,309,654$ 168.790%75%PARADIGM TAX GROUP LLC12.24$41,505,677$23,669,620$3,066,743$1,600,046$1,600,0460430130408LOT 2 BLK A LANDMARK SOUTHPARK859$144,946.1503142016201608244746WV600001100.00%WV6GG100.00%WV62.1792$10.90S18264: 100.00%; 08SC3: 100.00%5333490ORD206/06/2017 9:30AMP14887154282619-$196,023$17,640,034$2,666,743$23,669,620$2,666,743

08SE1833462STILL WATERSSPECIFIED PROPERTIES LXIV LP515E SLAUGHTER LN2016A100%1910500$27,271,718$ 142.75$2,696,582$ 5.00$29,968,300$ 156.864%55%JIM SCHWALLS & ASSOCIATES12.38$31,069,449$19,280,008$2,550,000$1,078,6330432070108LOT 1A BLK A STONE CREEK RANCH SEC 2 RESUB OF06182014201608191050WV600001100.00%WV6GG100.00%WV62.8229$14.11S18489: 100.00%; 08SE1: 100.00%5393160ORD206/27/2017 9:00AMP24094282624-$1,101,149$10,688,292$2,696,582$19,280,008$1,800,000

08SE1835420RISEMARBELLA ACQUISITION AUSTIN LP8001S INTERSTATE HY 352016A100%290481338$47,366,553$ 163.06$4,901,807$ 3.00$52,268,360$ 179.94141%37.51$52,268,360$21,668,478$5,301,807$4,084,8390428070303LOT 2 BLK A MARBELLA SEC 2859$154,640.1206082017201608290481WV600001100.00%WV6GG100.00%WV65.6249$16.87S18536: 100.00%; 08SE1: 100.00%1633936004282624$30,599,882$4,901,807$21,668,478$4,901,807

08NE1836528HEIGHTS ON PARMERPEDCOR INVESTMENTS-2012-CXXX LP1500E PARMER LN2016A100%242484252$37,932,870$ 156.43$3,375,682$ 5.00$41,308,552$ 170.36122%15.50$41,308,552$18,602,420$2,025,409$2,025,4090252300716LOT 10-A PARMER PLACE SUBD RESUB OF LOT 10962$163,922.8303032015201608242484WV600001100.00%WV6AA100.00%WV62.7842$13.92S18525: 100.00%; 08NE1: 100.00%6751360021$22,706,132$2,025,409$2,025,409

08SW1837234MANSIONS AT LAKEWAYWESTERN RIM INVESTORS 2013-4 LP5313SERENE HILLS DR2016A100%341873350$39,040,414$ 114.20$4,459,586$ 3.00$43,500,000$ 127.24JPG22%109%34.13$55,519,499$20,842,413$2,629,793$1,189,2230123830108LOT 1 MANSIONS AT LAKEWAY977$124,285.71201608341873WV600001100.00%WV6GG100.00%WV64.3482$13.04S18595: 100.00%; 08SW1: 100.00%14865290I05/31/2017 10:30AMP04282626-$12,019,499$22,657,587$4,459,586$25,524,265$2,229,793

08SW1852270SANTAL APTSSANTAL I LLCTECOMA CIR2016A100%240102236$31,514,481$ 131.25$6,335,241$ 3.24$37,849,722$ 157.6413%105%MORRISON & HEAD LP44.89$43,410,349$18,435,375$4,839,4210103340201LOT 4 BLK B BARTON CREEK SEC N BLK B LOT 41,017$160,380.1808202015201608240102WV600001100.00%WV6GG100.00%97.00%WV68.1437$26.39S18913: 100.00%; 08SW1: 100.00%; U: 90.00%; E: 60.00%19553210ORD206/06/2017 9:30AMP20064282626-$5,560,627$19,414,347$4,839,421$18,435,375$4,839,421

08FNW2852674STANDARD AT THE DOMAIN WDRD I RESIDENTIAL LPPALM WAY2016A100%7463694$18,033,219$ 241.62$1,388,747$ 20.00$19,421,966$ 260.225%111%CANTRELL MCCULLOCH INC1.59$20,348,914$9,189,063$1,388,7470256081208UNT RESIDENTIAL UNIT DOMAIN RETAIL DISTRICT I BLOCK W CONDOMINIUM PLUS 46.61 % INT IN COM AREA794$206,616.661010201420160874636B600001100.00%B6GG100.00%B60.9303$18.61C02267: 100.00%; 08FNW2: 100.00%694370ORD206/27/2017 9:30AMP20284282620-$926,948$10,232,903$1,388,747$12,040,526$1,388,747

08FNW2852696STANDARD AT DOMAIN ZDRD I RESIDENTIAL LP11811DOMAIN DR2016A100%204482252$50,010,826$ 244.57$3,354,776$ 20.00$53,365,602$ 260.985%84%CANTRELL MCCULLOCH INC3.85$55,912,571$28,935,353$3,930,1630258080306UNT RESIDENTIAL UNIT DOMAIN RETAIL DISTRICT I BLOCK Z CONDOMINIUM PLUS 49.56 % INT IN COM AREA811$211,768.2610102014201608204482B600001100.00%B6GG100.00%B60.8203$16.41C02266: 100.00%; 08FNW2: 100.00%1677390ORD206/27/2017 9:30AMP20284282620-$2,546,969$24,430,249$3,354,776$38,286,523$3,354,776

08FNW2852710STANDARD AT DOMAIN CDRD I RESIDENTIAL LP11711DOMAIN BLVD2016A100%173092218$41,757,492$ 241.24$3,284,940$ 20.00$45,042,432$ 260.225%231%CANTRELL MCCULLOCH INC3.77$47,192,163$13,622,135$3,284,9400256081305UNT RESIDENTIAL UNIT DOMAIN RETAIL DISTRICT I BLOCK C CONDOMINIUM PLUS 74.4 % INT IN COM AREA794$206,616.6610102014201608173092B600001100.00%B6GG100.00%B60.9489$18.98C02268: 100.00%; 08FNW2: 100.00%1642470ORD206/27/2017 9:30AMP20284282620-$2,149,731$31,420,297$3,284,940$17,400,973$3,284,940

08EC852940PLATFORMGUGV EASTSIDE AUSTIN PROPERTY OWNING LLC2823E M L KING JR BLVD2016A80%302380355$45,146,348$ 149.30$9,298,560$ 30.00$54,444,908$ 180.0525%192%MORRISON & HEAD LP7.12$72,373,905$18,622,305$4,649,2800212121401LOT 1 CHESTNUT STATION WEST852$153,365.9411192014201608302380WV600000.8100.00%WV6GG100.00%*B9,WV61.0250$30.75S18870: 100.00%; 08EC: 100.00%3099520ORD206/06/2017 9:30AMP20064282624-$17,928,997$35,822,603$9,298,560$18,622,305$4,649,280

08NE2858842MANSIONS AT STONE HILLWESTERN RIM INVESTORS 2014-6LP &1316TOWN CENTER DR2016A80%406303414$38,057,930$ 93.67$2,747,070$ 3.00$40,805,000$ 100.43JPG40%92%21.02$68,074,321$21,224,7460282460321LOT 22 BLK 7 STONE HILL TOWN CENTER SEC 2 PHS 2981$98,562.80201608406303WV600000.8100.00%WV6AA100.00%WV62.2537$6.76S18922: 100.00%; 08NE2: 100.00%9156900I05/31/2017 10:45AMP04282615-$27,269,321$19,580,254$2,747,070$21,224,746

08SW1859326OCOTILLOWEST PARK 290 ABR VENTURE LLC8000W U S HY 2902016A86%262421308$39,107,958$ 149.03$5,120,042$ 2.50$44,228,000$ 168.54JPG5%214%BRECK BOSTWICK & ASSOC47.02$46,379,510$14,104,3760415470403LOT 1 BLK A WEST PARK AMDENDED852$143,597.4006262015201608262421WV600000.86100.00%WV6GG100.00%WV67.8043$19.51S18966: 100.00%; 08SW1: 100.00%20480170I06/08/2017 2:15PMP20244282626-$2,151,510$30,123,624$5,120,042$14,104,376

08EC191954EASTSIDE STATIONAUSTIN EASTSIDE STATION LLC1700E 4 ST2015A100%255790330$48,669,782$ 190.27$11,330,218$ 60.00$60,000,000$ 234.5713%122%MORRISON & HEAD LP4.34$68,676,061$27,000,000$11,698,423$2,503,558$1,344,116$1,423,16702040803152.5974 AC OF OLT 6 DIVISION 0 & VAC ST & 1.7577 AC OF LOT 1 & LOT 2 BLK 1 HENKE SUBD775$181,818.1805122014201508255790B600001100.00%WV6AA100.00%100.00%B60.7383$44.29S03982: 0.00%; 08EC: 100.00%1888370ORD206/06/2017 9:30AMP20064282624-$8,676,061$33,000,000$9,441,848$29,594,712$7,553,478

08NC228148WEST KOENIG FLATSBEL KOENIG FLATS LLC5608AVENUE F2015A99%166518210$34,287,305$ 205.91$3,569,895$ 35.00$37,857,200$ 227.357%3%RYAN LLC2.34$40,816,942$36,807,000$10,419,962$2,597,700$1,107,054$1,133,90302270909052.3415 AC OF LOT 1A PARKER & HOWARD SUBD793$180,272.3811162016201508166518WV600001100.00%WV6AA100.00%100.00%WV60.6125$21.44S10375: 0.00%; 08NC: 100.00%1019970ORD206/06/2017 9:30AMP15565934282620-$2,959,742$1,050,200$3,093,240$45,048,116$2,577,700

08NC1235848MARQ ON BURNET (BURNET MARKETPLACE)CWS BURNET VOLENTE LLC ETAL6701BURNET RD2015A99%264642344$62,339,312$ 235.56$10,190,688$ 60.00$72,530,000$ 274.071%146%JIM SCHWALLS & ASSOCIATES3.90$73,252,524$29,527,998$10,011,964$3,004,450$1,563,956$1,324,2140234030412LOT 2 TRAVIS COUNTY SUBD NO 1 & LOT 2 GRAY TERRACE769$210,843.0212012016201508264642WV700001100.00%WV7AA100.00%100.00%*B6,WV70.6418$38.51S13994: 0.00%; 08NC1: 100.00%1698450ORD206/27/2017 9:00AMP24094282621-$722,524$43,002,002$6,793,792$39,013,179$5,095,344

08NO2271369AURA 33HUNDREDAURAMICH LLC3300WELLS BRANCH PKWY2015A99%306147348$49,694,438$ 162.32$5,098,262$ 8.00$54,792,700$ 178.985%1%RETC LIMITED PARTNERSHIP14.63$57,868,346$54,026,516$11,718,949$918,244$526,842$526,8420267110219LOT 1 & 2 BLK A WELLS BRANCH PHS A SEC 10-B880$157,450.2912152015201508306147WV600001100.00%WV6AA100.00%100.00%WV62.0816$16.65S14877: 0.00%; 08NO2: 100.00%6372830ORD206/06/2017 9:30AMP16396234282623-$3,075,646$766,184$5,098,262$54,026,516$2,549,131

08SW311336MARQUIS AT BARTON TRAILS 2CWS 5501 MOPAC LP5501S MO-PAC EXPRESSWAY2015A99%125233157$23,373,752$ 186.64$3,846,248$ 14.00$27,220,000$ 217.351%15%JIM SCHWALLS & ASSOCIATES6.31$27,586,930$23,589,989$11,341,987$549,464$549,464$549,4640408210102LOT 1 BLK C WESTFIELD CENTER SEC 3798$173,375.8008142013201508125233WV700001100.00%WV7AA100.00%100.00%*WV72.1938$30.71S15145: 0.00%; 08SW: 100.00%2747320ORD406/27/2017 9:00AMP24094282626-$366,930$3,630,011$2,747,320$23,589,989$1,098,928

08SC2319259SUR 512TDI SOUTH CONGRESS LP5010S CONGRESS AVE2015A100%315198352$54,312,290$ 172.31$3,881,210$ 10.00$58,193,500$ 184.639%98%MORRISON & HEAD LP8.91$63,630,821$29,414,109$12,784,964$1,448,768$399,050$399,05004130701131.5923 AC OF LOT 1 & 4.1574 AC OF LOT 2 & 3.1603 AC OF LOT 4 VON ACH PARK SUBD (TOTAL 8.91 AC)895$165,322.4410032013201608315198WV600001100.00%WV6AA100.00%100.00%WV61.2314$12.31S14616: 0.00%; 08SC2: 100.00%3881210ORD206/06/2017 9:30AMP20064282639-$5,437,321$28,779,391$3,104,968$31,354,714$3,104,968

08SC2512982LEGACY AT SOUTHPARKBR 8800 SOUTH FIRST LLCSLAUGHTER LN2015A99%226301250$32,183,173$ 142.21$3,464,327$ 6.00$35,647,500$ 157.522%49%MORRISON & HEAD LP13.26$36,513,110$24,000,000$16,374,764$2,020,857$2,020,857$529,3890428130775ABS 6 SUR 19 CANNON W ACR 13.2550905$142,590.0012152016201508226301WV600001100.00%WV6GG100.00%100.00%WV62.5514$15.31A0006: 0.00%; 08SC2: 100.00%5773880ORD208/10/2017 9:30AMP20064282639-$865,610$11,647,500$3,464,327$40,842,912$3,464,327

08SW1521619MADRONE APTSMADRONE ACQUISITION LP3499S F M RD 6202015A99%226908228$35,933,337$ 158.36$5,346,119$ 3.00$41,279,456$ 181.925%13%MORRISON & HEAD LP40.91$43,335,786$36,604,600$31,423,790$4,025,657$3,000,000$3,000,0000126670129LOT 2 BLK A VISTA ROYALE SUBD PHS 1 AMD LT 1 BLK A & LT 1 BLK A PHS 2995$181,050.2506172016201508226908WW600001100.00%WW6AA100.00%100.00%WW67.8536$23.56S19079: 100.00%; 08SW1: 100.00%; P: 50.00%17820400ORD206/06/2017 9:30AMP20064282626-$2,056,330$4,674,856$5,346,119$42,678,015$4,367,543

08SW1583370LANDMARK CONSERVANCYLANDMARK CONSERVANCY APARTMENTS LP9301OLD BEE CAVES RD2015A99%199816240$34,771,800$ 174.02$3,501,700$ 4.00$38,273,500$ 191.544%4%MICHEL GRAY LLP20.10$39,980,572$36,768,900$24,038,464$2,671,196$1,344,758$1,344,7580103500203LOT 1 BLK A OLD BEE CAVE SUBD833$159,472.9210152013201508199816WV600001100.00%WV6GG100.00%100.00%WV64.3812$17.52S10045: 0.00%; 08SW1: 100.00%8754250ORD206/13/2017 9:30AMP16416124282626-$1,707,072$1,504,600$3,501,700$38,801,150$2,626,275

08WWW739626BELL STEINER RANCHBELL STEINER RANCH LLC4800STEINER RANCH BLVD2015A99%325600302$52,212,917$ 160.36$2,287,083$ 2.00$54,500,000$ 167.385%17%RYAN LLC26.25$57,479,263$46,430,000$23,626,349$1,543,542$1,223,542$1,143,541014738010126.2521AC OF LOT 4 BLK B STEINER RANCH PHS 2 SEC 101,078$180,463.5811172016201508325600WV600001100.00%WV6GG100.00%100.00%WV63.5121$7.02S16722: 100.00%; 08WWW: 100.00%11435420ORD206/06/2017 9:30AMP15565934282617-$2,979,263$8,070,000$2,287,083$50,397,846$1,715,312

08SC771588LAMAR UNION/ALAMO DRAFTHOUSEGDG SOUTH LAMAR PLAZA LP1100S LAMAR BLVD2015A99%447305443$118,186,900$ 264.22$31,632,100$ 81.00$149,819,000$ 334.948%81%MORRISON & HEAD LP8.97$163,521,489$82,896,736$59,485,094$23,414,047$18,166,493$9,501,41801020404268.9651 AC OF LOT 5-6 EVERGREEN HEIGHTS1,010$338,191.8709122012201508447305WV600001100.00%WV6GG100.00%100.00%*B6,C4,WV60.8731$70.72S04392: 0.00%; 08SC: 100.00%; SZ: 90.00%3905200ORD206/06/2017 9:30AMP20064282616-$13,702,489$66,922,264$29,288,982$82,896,736$17,573,389

08SE810181AZUL LAKESHOREORACLE AMERICA INCLADY BIRD LN2015A99%228591295$73,193,136$ 320.19$3,445,596$ 25.00$76,638,732$ 335.270%14%3.16$76,638,732$66,997,333$21,610,354$2,756,477$2,756,477$1,653,8860303090113LOT 10 LAKESHORE PHS I775$259,792.3112222015201508228591WP600001100.00%WP6AA100.00%100.00%WP60.6029$15.07S18002: 100.00%; 08SE: 100.00%1378240D06/23/2017 1:00PMP04282662$0$9,641,399$3,445,596$66,997,333$3,445,596

08FNW820451HIGHLINE APTSHKW 460 GIBRALTAR LLC & KLY 460 GIBRALTER LLC &13149LEGENDARY DR2015A99%227800256$34,634,643$ 152.04$8,518,245$ 8.00$43,152,888$ 189.4335%24.44$43,152,888$31,908,505$3,165,360$3,165,360$3,194,3420270030401LOT 3 PARMER LANE LUXURY APARTMENTS SUBD890$168,565.9712272016201508227800WV600001100.00%WV6AA100.00%100.00%WV64.6742$37.39S18173: 100.00%; 08FNW: 100.00%1064781004282673$11,244,383$8,518,245$36,112,326$3,165,360

08SW1836646AMLI COVERED BRIDGEPPF AMLI COVERED BRIDGE DRIVE LLC8715W STATE HY 712015A100%352998230$51,567,510$ 146.08$9,872,090$ 8.00$61,439,600$ 174.058%141%RYAN LLC28.33$66,708,373$25,532,745$3,830,166$1,013,5320402480330LOT 4A&8A-9A COVERED BRIDGE WHITECROWE SUBD1,535$267,128.70201508352998WV600001100.00%WV6GG100.00%100.00%$1,570,275*WV63.4958$27.97S18561: 100.00%; 08SW1: 100.00%12340110ORD206/06/2017 9:30AMP15565934282626-$5,268,773$35,906,855$2,027,065$25,532,745$1,013,532

08SE1850362CONCORDBRECKENRIDGE MULTIFAMILY7330BLUFF SPRINGS RD2015A99%3524500$47,308,547$ 134.23$2,273,453$ 2.50$49,582,000$ 140.684%316%MORRISON & HEAD LP20.88$51,524,328$11,914,163$2,273,4530426050109LOT 2 BENNETT TRACT SUBD01092015201508352450C900001100.00%C9AA100.00%*C92.5802$6.45S18858: 100.00%; 08SE1: 100.00%9093810ORD206/06/2017 9:30AMP20064282624-$1,942,328$37,667,837$2,273,453$11,914,163$2,273,453

08EC852354THE ARNOLDTDC EASTSIDE VILLAGE LP1621E 6 ST2015A100%299195346$58,116,207$ 194.24$10,883,793$ 85.00$69,000,000$ 230.6214%142%MORRISON & HEAD LP2.94$80,684,669$28,473,186$4,607,2000204081202LOT 3-4 EASTSIDE VILLAGE865$199,421.9712162014201508299195B600001100.00%C9AA100.00%*B6,B90.4280$36.38S18903: 100.00%; 08EC: 100.00%1280450ORD206/06/2017 9:30AMP20064282624-$11,684,669$40,526,814$7,042,454$38,029,617$4,607,200

08SC101867HANOVER SOUTH LAMARIMP SOUTH LAMAR LLC809S LAMAR BLVD2014A99%297529340$77,480,834$ 257.81$14,176,166$ 90.00$91,657,000$ 304.984%25%MORRISON & HEAD LP3.62$95,773,590$73,357,500$53,665,546$21,205,137$3,811,450$783,4190102020106LOT 1 BLK A HANOVER SOUTH LAMAR SUBD884$269,579.4112152016201408300530WV600001100.00%WV6GG100.00%100.00%*B6,WV60.5241$47.17S18991: 100.00%; 08SC: 100.00%1575130ORD206/06/2017 9:30AMP20064282616-$4,116,590$18,299,500$12,601,037$79,179,770$7,874,77724.95%

08CBD190730422 @ THE LAKEBROADSTONE AT THE LAKE LLC201S 1 ST2014A99%168890207$47,869,748$ 283.44$8,012,252$ 120.00$55,882,000$ 330.882%92%MORRISON & HEAD LP1.53$56,971,155$29,148,205$22,797,150$5,358,620$1,017,414$1,016,78402030002091.5328 AC OF LOT 3F SWISHER ADDN816$269,961.3505222013201508168890WV600001100.00%WV6GG100.00%100.00%*WV60.3953$47.44S13492: 0.00%; 08CBD: 100.00%667690ORD206/06/2017 9:30AMP20064282623-$1,089,155$26,733,795$8,012,252$29,148,205$6,676,87791.72%

08WC199854THE G APARTMENTS1715 G LLC1715GUADALUPE ST2014A100%7193880$17,251,760$ 239.81$2,148,240$ 120.00$19,800,000$ 275.245%3%0.41$20,801,872$19,250,000$18,376,000$5,380,925$1,347,481$1,329,3930210022304.4110 AC OF OLT 36 DIVISION E899$247,500.000705201320140871938B600001100.00%B6AA100.00%100.00%B60.2489$29.86S03981: 0.00%; 08WC: 100.00%179020ORD206/13/2017 9:30AMP04282639-$1,001,872$550,000$1,611,180$21,019,692$1,611,1802.86%

08WC203761CREST AT PEARLACC OP (PEARL STREET) LLC706W M L KING JR BLVD2014A99%152596141$36,700,363$ 240.51$5,323,637$ 109.12$42,024,000$ 275.397%7%MORRISON & HEAD LP1.12$45,275,438$39,250,000$34,582,600$10,758,910$2,661,819$2,661,81902120114151.120 AC OF OLT 24 DIVISION D1,082$298,042.5506152015201408152596WV700001100.00%WV7AA100.00%100.00%WV70.3197$34.89S03980: 0.00%; 08WC: 100.00%; N: 124.00%; Z: 160.00%487870ORD206/06/2017 9:30AMP20064282639-$3,251,438$2,774,000$5,323,637$41,598,088$4,839,6707.07%

08WC203784POINTE ON RIO19 RIO PARTNERS LP1901RIO GRANDE ST2014A99%132777122$27,491,678$ 207.05$4,155,622$ 119.60$31,647,300$ 238.352%8%0.80$32,298,534$29,392,826$24,867,606$1,906,489$449,513$448,2450212011511.099 AC OF LOT 3 & LOTS 4-6 OLT 23 DIV D HORSTS LOUIS SUBD1,088$259,404.1007312013201508132777B700001100.00%B7GG100.00%100.00%*B70.2617$31.30S06489: 0.00%; 08WC: 100.00%; N: 115.00%; Z: 160.00%347460ORD406/06/2017 9:30AMP04282639-$651,234$2,254,474$4,155,622$29,392,826$3,835,9587.67%

08EC207519ELAN EASTBEL ELAN LLC2900MANOR RD2014A99%186118251$44,024,440$ 236.54$4,875,560$ 20.00$49,668,400$ 266.876%4%5.60$53,075,854$47,542,201$41,149,809$9,300,119$2,737,780$2,898,1760214120803LOT 1 BLK A 2900 MANOR ROAD SUBD742$197,882.0712162014201408186118WV700001100.00%WV7AA100.00%100.00%*WV71.3098$26.20S18241: 100.00%; 08EC: 100.00%2437780ORD206/06/2017 9:30AMP04282624-$3,407,454$2,126,199$4,875,560$47,542,201$3,656,6704.47%

08NE2278523RIVERHORSE PHS 2RIVERHORSE EQUITIES II LTD16107WHITE RIVER BLVD2014A99%264910278$36,825,776$ 139.01$1,241,724$ 2.10$38,067,500$ 143.70JPG2%14%BRECK BOSTWICK & ASSOC13.57$38,735,489$33,500,000$20,920,269$8,683,311$1,441,724$1,241,7240276280601LOT 2 BLK G NORTH PARK SEC 3-A953$136,933.4505302001201508264910WV600001100.00%WV6AA100.00%100.00%WV62.2321$4.69S09507: 0.00%; 08NE2: 100.00%5912970I06/08/2017 1:15PMP20244282615-$667,989$4,567,500$1,241,724$40,093,471$1,241,72413.63%

08SC2336634ABACUS SOUTHSIDE304 E WILLIAM CANNON LLC304E WILLIAM CANNON DR2014A99%126708140$17,510,712$ 138.20$2,859,288$ 12.00$20,370,000$ 160.76JDR3%-7%5.47$21,032,767$21,800,965$17,978,000$3,392,560$416,980$416,9800422070103LOT 2 BLK A RACETRAC SUBD NO 1905$145,500.0008292016201408126708WV600001100.00%WV6GG100.00%100.00%*WV61.8805$22.57S11075: 0.00%; 08SC2: 100.00%2382740I06/16/2017 1:30PMP04282639-$662,767-$1,430,965$2,859,288$21,800,965$1,906,192-6.56%

08EC7719087 EASTSL CHICON LP2025E 7 ST2014A99%144431177$33,568,928$ 232.42$5,311,072$ 65.00$38,880,000$ 269.190%15%RYAN LLC1.88$41,827,609$33,925,000$11,618,559$2,587,466$2,170,141$2,169,37202030904141.8758 AC OF LOT 3 BLK A 7TH & MARTINEZ SUBD816$219,661.0208152017201508144431WV600001100.00%WV6AA100.00%100.00%WV60.5657$36.77S17360: 100.00%; 08EC: 100.00%817090SUIE06/08/2017 2:45PMP15565934282624$0$4,955,000$4,493,984$40,536,595$3,268,35214.61%

08SC1772165BELL SOUTH LAMARBELL FUND V SOUTH LAMAR LLC2717S LAMAR BLVD2014A99%316847357$48,556,025$ 153.25$31,543,975$ 70.00$80,100,000$ 252.805%4%10.35$84,270,074$76,880,000$51,060,000$17,323,387$11,149,618$3,940,9390403100804LOT 1 & 2 BLK A CYPRESS - LAMAR/MANCHACA RESUB888$224,369.7507062016201508316847WV600001100.00%WV6GG100.00%100.00%*B5,WV61.4222$99.56S17387: 100.00%; 08SC1: 100.00%4506280ORD206/06/2017 9:30AMP04282637-$4,170,074$3,220,000$24,459,375$83,291,334$22,531,4104.19%

08FNW773804BROADSTONE AT THE ARBORETUMARBORETUM - CRESTMONT LLC ETAL10011STONELAKE BLVD2014A99%266815330$59,975,782$ 224.78$3,635,518$ 12.00$63,611,300$ 238.414%38%MORRISON & HEAD LP6.96$66,183,682$46,180,808$39,218,730$9,227,755$2,423,678$2,423,6780252000207LOT 1 BLK A CRESCENT AT STONELAKE809$192,761.5208252016201508266815WV600001100.00%WV6100.00%100.00%*WV61.1355$13.63S17381: 100.00%; 08FNW: 100.00%3029600ORD206/06/2017 9:30AMP20064282673-$2,572,382$17,430,492$3,635,518$46,492,714$2,423,67837.74%

08NE1775555LAKEWOODLAKEWOOD SDF LLC ETAL14178THE LAKES BLVD2014A99%248436336$34,743,921$ 139.85$3,496,779$ 5.00$38,240,700$ 153.933%3%MORRISON & HEAD LP16.06$39,460,063$37,100,000$30,594,433$9,374,500$1,398,712$1,258,8410266260203LOT 1 BLK B LAKES AT TECHRIDGE BLK A LTS 3&4 & BLK B LT 1739$113,811.6111062017201408248436WV600001100.00%WV6AA100.00%100.00%WV62.8150$14.08S17297: 100.00%; 08NE1: 100.00%6993560ORD206/06/2017 9:30AMP20064282621-$1,219,363$1,140,700$3,496,779$39,419,859$3,496,7793.07%

08SE1819840ETHOSBES ETHOS FUND X LLC ETAL8001S INTERSTATE HY 352014A99%330698372$48,543,319$ 146.79$6,456,681$ 2.75$55,707,600$ 168.457%2%RYAN LLC53.90$59,974,179$54,694,166$48,821,771$17,237,178$4,700,0000428070302LOT 1 BLK A MARBELLA SUBD889$149,751.6112142015201408330698WV600001100.00%WV6GG100.00%100.00%WV67.0998$19.52S18150: 100.00%; 08SE1: 100.00%23478840ORD206/06/2017 9:30AMP15565934282624-$4,266,579$1,013,434$6,456,681$54,694,166$6,456,6811.85%

08EC820882AMLI MUELLERMUELLER AUSTIN MULTIFAMILY 1 LLC1900SIMOND AVE2014A99%236688279$52,397,149$ 221.38$5,543,776$ 35.00$59,436,000$ 251.127%9%RYAN LLC3.64$64,189,306$54,286,000$27,821,579$4,371,709$2,851,0850217131101LOT 1 BLK 28 MUELLER SEC IIB SUBD848$213,032.2612142012201508236688B600001100.00%B6AA100.00%100.00%*B6,D60.6692$23.42S18148: 100.00%; 08EC: 100.00%1583940ORD206/06/2017 9:30AMP15565934282624-$4,753,306$5,150,000$4,751,808$56,506,919$4,751,8089.49%

08SC823558ZILKR ON THE PARKMCREF ZILKER PARK LLCBARTON SPRINGS RD2014A99%184606213$47,162,218$ 255.48$8,159,992$ 100.00$55,322,210$ 299.680%16%1.87$55,322,210$47,511,900$45,667,224$11,307,786$2,054,9850106040111LOT 1-2 BLK A ZILKER PARK RESIDENCES & ABS 8 SUR 20 DECKER I 0.407 AC867$259,728.6905092017201308184606WV600001100.00%WV6GG100.00%100.00%*WV60.4420$44.20S17727: 100.00%; 08SC: 100.00%816000ORD306/06/2017 9:30AMP04282616$0$7,810,310$7,343,993$51,010,981$7,539,48016.44%

08SW1824773ESTATES AT BEE CAVE APTSBEE CAVE OWNER LLCS RANCH RD 6202014A79%307452316$48,265,017$ 156.98$6,098,483$ 6.00$54,363,500$ 176.825%7%RYAN LLC23.33$57,403,528$51,026,745$42,011,869$5,922,751$4,444,9390125680502UNT MASTER UNIT 1 MORNINGSIDE MASTER CONDOMINIUMS AMENDED PLUS 65.3 % INT IN COM AREA973$172,036.3906292016201408307452WV600001100.00%WV6AA100.00%100.00%$5,373,121*WV63.3059$19.84C02059: 100.00%; 08SW1: 100.00%10164140ORD206/13/2017 9:30AMP15565934282626-$3,040,028$3,336,755$6,098,483$56,085,994$4,444,9396.54%

08FNW2827658ADDISON AT KRAMER STATIONSIMPSON ADDISON BURNET LLC2600ESPERANZA DR2014A99%350772388$65,470,737$ 186.65$14,286,963$ 20.00$79,757,700$ 227.386%6%RYAN LLC16.40$85,294,817$75,516,603$33,628,710$4,617,482$4,217,482025408011116.3992 AC OF LOT 6 & 7 BLK A IBM SUBD EAST RESUB OF LOT 1A BLK A AMENDED PLAT OF LOTS 1&2 BLK A904$205,561.0807292013201508350772WV600001100.00%WV6AA100.00%100.00%WV62.0365$40.73S18122: 100.00%; 08FNW2: 100.00%7143480ORD206/06/2017 9:30AMP15565934282620-$5,537,117$4,241,097$15,546,718$75,516,603$4,217,4825.62%

08FNW2831580IMT AT THE DOMAIN (BLD 3)IMT CAPITAL III DOMAIN II LP3100ESPERANZA CROSSING2014A99%190643212$40,418,956$ 212.01$2,681,444$ 20.00$43,100,400$ 226.089%1%PARADIGM TAX GROUP LLC3.08$47,492,987$42,821,875$34,882,160$8,310,1340256081106UNT RESIDENTIAL PARKSIDE II CONDOMINIUM PLUS 90.9 % INT IN COM AREA899$203,303.7710312014201408190643WV700001100.00%WV7AA100.00%100.00%*WV70.7033$14.07C02110: 100.00%; 08FNW2: 100.00%1340720ORD206/06/2017 9:30AMP14887154282620-$4,392,587$278,525$2,681,444$46,707,535$2,681,4440.65%

08FNW2841530GALLERY AT DOMAINDOMAIN PARKSIDE III LPKRAMER LN2014A99%248276316$53,855,607$ 216.92$8,944,393$ 45.00$62,800,000$ 252.941%9%CANTRELL MCCULLOCH INC4.56$63,708,691$57,855,900$16,525,7070254080407LOT 1A BLK K RREEF DOMAIN BLK K SUBD786$198,734.1805022014201508248276WV600001100.00%WV6AA100.00%100.00%WV60.8006$36.03S18648: 100.00%; 08FNW2: 100.00%1987640ORD406/27/2017 9:30AMP20284282620-$908,691$4,944,100$4,969,107$60,681,575$3,975,2868.55%

08SC100012GIBSON FLATS1219 SOUTH LAMAR VENTURE LLC1219S LAMAR BLVD2013A99%160688202$35,915,282$ 223.51$9,233,718$ 90.00$45,149,000$ 280.97JPG14%1%BRECK BOSTWICK & ASSOC2.36$52,281,429$44,770,600$43,531,934$30,695,809$9,384,984$1,194,3080100030109LOT 1A COMMERCIAL SQUARE RESUB & LOTS 5-7 OF TEMPLER LOTS795$223,509.9011222011201308160688WV600001100.00%WV6GG100.00%100.00%*B6,WV60.6385$57.46S03168: 0.00%; 08SC: 100.00%1025970I06/08/2017 9:30AMP20244282616-$7,132,429$378,400$8,207,750$49,570,630$5,129,8440.85%

08EC191723CORAZON APARTMENTSCPI/FB CORAZON OWNER LP1000E 5 ST2013A99%190291256$54,603,100$ 264.84$8,150,000$ 100.00$62,753,100$ 329.770%13%MORRISON & HEAD LP1.87$62,753,100$55,515,299$46,134,681$8,825,327$1,565,100$815,1000204051514LOT 1-22 BLK 1 OLT 2 DIV A TAYLORS SUBD + VAC ALLEY805$245,129.3003272017201408206173WV700001100.00%WV7AA100.00%100.00%*D6,WV70.3953$39.53S13642: 0.00%; 08EC: 100.00%815000ORD306/13/2017 9:30AMP20064282624$0$7,237,801$8,150,000$59,452,346$4,890,00013.04%

08CBD194738ELEVEN APTSIMP ELEVEN LLC900E 10 ST2013A99%201864257$46,301,602$ 229.37$13,848,398$ 108.50$60,150,000$ 297.976%5%MORRISON & HEAD LP2.93$63,794,562$57,500,000$54,299,200$42,670,194$15,851,445$3,479,2800206050510E 41FT OF LOT 4, LOTS 5-7, LOTS 14-17 OLT 1 DIV B CARLETON FRED PLUS PART VAC ST & LOT 2 ROBERTSON HILL SUBD785$234,046.6904152016201308201864WV700001100.00%WV7AA100.00%100.00%*WV70.6323$68.60S02417: 0.00%; 08CBD: 100.00%; Q: 155.00%1276350ORD206/06/2017 9:30AMP20064282623-$3,644,562$2,650,000$13,848,398$63,082,500$11,870,0554.61%

08WC20372921ST AT PEARL21PEARL LLC2104PEARL ST2013A99%106547136$24,084,852$ 226.05$4,009,648$ 104.72$28,094,500$ 263.6810%3%MORRISON & HEAD LP0.88$31,276,799$27,273,000$25,357,800$22,454,340$7,217,189$591,18402120113050.8790 AC OF OLT 25 DIVISION D783$206,577.2112152011201308106547WP700001100.00%WP7GG100.00%100.00%WP70.3594$37.63S03980: 0.00%; 08WC: 100.00%; N: 119.00%; Z: 160.00%382890ORD206/06/2017 9:30AMP20064282639-$3,182,299$821,500$4,009,648$28,490,376$3,645,1383.01%

08WC206073REGENTS WEST AT 26THWEST CAMPUS 26TH LP2600SAN PEDRO ST2013A99%132240139$33,703,847$ 254.87$4,791,753$ 116.16$38,495,600$ 291.104%5%JIM SCHWALLS & ASSOCIATES0.95$40,069,432$36,723,300$32,974,000$31,949,176$8,664,128$2,392,5770214000710LOT 1-3 & .471 AC OLT 59 DIVISION D951$276,946.7611022007201308132240WV700001100.00%WV7GG100.00%100.00%WV70.3119$36.24S03980: 0.00%; 08WC: 100.00%; N: 121.00%; Z: 160.00%412510ORD206/27/2017 9:00AMP24094282639-$1,573,832$1,772,300$4,791,753$38,240,910$4,392,4414.83%

08NC221404WALLER CREEKSIDE APTS51ST LIVING LTD105W 51 ST2013A99%111068139$18,132,417$ 163.26$7,196,100$ 25.00$25,328,517$ 228.050%17%6.61$25,328,517$21,650,000$19,971,121$8,941,222$3,088,745$3,816,9810223080126ABS 789 SUR 57 WALLACE J P ACR 6.6080799$182,219.5503302017201408111068WV600001100.00%WV6AA100.00%100.00%*WV62.5916$64.79A0789: 0.00%; 08NC: 100.00%2878440ORD306/13/2017 9:45AMP04282620$0$3,678,517$7,196,100$24,324,680$5,756,88016.99%

08NC226600CAMDEN LAMAR HEIGHTSCAMDEN PROPERTY TRUST5300N LAMAR BLVD2013A99%274257314$49,265,931$ 179.63$12,155,069$ 60.00$61,421,000$ 223.957%12%ALLIANCE TAX ADVISORS4.65$66,130,953$54,777,300$49,335,607$26,375,845$4,851,690$751,87702260705350.9833AC OF LOT A BEDNAR ADDN II & 1.0845AC OF LOT 1 & 2.5829AC OF LOT 2 BLK A BEDNAR ADDN III873$195,608.2808062007201308274257B600001100.00%B6AA100.00%100.00%*B60.7387$44.32S147: 0.00%; 08NC: 100.00%2025840ORD206/06/2017 9:30AMP24824282620-$4,709,953$6,643,700$11,142,147$66,386,051$6,077,53512.13%

08NC229557BURNET FLATSUS REIF BURNET FLATS APTS TEXAS LLC5453BURNET RD2013A99%142352179$30,073,380$ 211.26$6,046,020$ 60.00$36,119,400$ 253.734%3%MORRISON & HEAD LP2.31$37,811,808$35,000,000$29,880,462$18,274,604$2,147,161$770,57802290303360.6379 AC OF LOTS 13-14, LOT 11-12 & 26-28 BLK 2 BROADACRES795$201,784.3605112015201308142352B600001100.00%B6GG100.00%100.00%*B60.7079$42.47S01847: 0.00%; 08NC: 100.00%1007670ORD206/06/2017 9:30AMP20064282620-$1,692,408$1,119,400$4,534,515$36,425,365$3,526,8453.20%

08SC1305354704 THEHLLC CWS 704 LP ETAL3401S LAMAR BLVD2013A99%342730378$71,244,015$ 207.87$14,736,566$ 55.00$85,980,581$ 250.879%2%JIM SCHWALLS & ASSOCIATES6.15$94,569,194$84,338,581$76,827,685$31,832,996$12,644,442$457,3880403100129ABS 14 SUR 21 HILL H P ACR 6.1510907$227,461.8508192015201308342730WV600001100.00%WV6GG100.00%100.00%*B6,WV60.7818$43.00A0014: 0.00%; 08SC1: 100.00%2679370ORD406/27/2017 9:00AMP24094282637-$8,588,613$1,642,000$14,736,566$89,991,687$13,396,8781.95%

08SC1311023TREE (TREE GREYSTAR)BELKORP HOLDINGS INC3715S 1 ST2013A99%281588335$59,793,410$ 212.34$13,706,590$ 50.00$73,924,500$ 262.537%4%PARADIGM TAX GROUP LLC6.29$79,437,370$71,000,000$69,236,900$44,000,000$10,350,846$3,823,2260408040543LOT 1-3 BLK A WILLIAMSON SUBD SEC 2 & 4.7361 ACR OF BLK 3 & 0.9821 ACR OF BLK 4 FORTVIEW ADDN (TOTAL ACR 6.3090)841$220,670.1510302014201308281588WV700001100.00%WV7GG100.00%100.00%*B6,WV70.9735$48.68S15444: 0.00%; 08SC1: 100.00%2741320ORD206/27/2017 9:30AMP14887154282637-$5,512,870$2,924,500$10,965,272$76,574,295$5,482,6364.12%

08WC567167TWENTYTWO 15AUSTIN BANDERA HOUSE LLC2215RIO GRANDE ST2013A100%137067124$29,306,952$ 213.81$2,996,448$ 116.48$32,303,400$ 235.689%2%RYAN - AUSTIN0.59$35,577,423$31,776,800$30,563,700$27,560,000$11,247,495$946,0900212010345LOT 1-3 HORSTS LOUIS SUBD1,105$260,511.2901102012201308137067B600001100.00%B6GG100.00%100.00%*B60.1877$21.86S06489: 0.00%; 08WC: 100.00%; N: 112.00%; Z: 160.00%257250ORD206/06/2017 9:30AMP16043214282639-$3,274,023$526,600$2,996,448$34,867,592$2,765,9521.66%

08SC3576087LADERA APT HOMES (LADERA HILL COUNTRY)NOBLE AUSTIN APARTMENTS LLC7420S INTERSTATE HY 352013A99%269073308$44,184,708$ 164.21$3,447,992$ 5.00$47,632,700$ 177.034%5%RETC LIMITED PARTNERSHIP15.83$49,676,308$45,401,800$40,487,360$33,700,000$18,000,000$420,4610426070414LOT 4A & 5A LENOX INDUSTRIAL PARK SUBD AMENDED PLAT OF LOTS 2-8 & LOT 6B LENOX INDUSTRIAL PK SUBD AMD PLT LT 2,4-8 AMD PLT LT 6A-8A874$154,651.6206202014201308269073WV600001100.00%WV6GG100.00%100.00%*WV62.5629$12.81S08077: 0.00%; 08SC3: 100.00%6895980ORD206/06/2017 9:30AMP16396234282619-$2,043,608$2,230,900$3,447,992$45,761,493$3,447,9924.91%

08SW1704233CIELO APTSMADRONE ACQUISITION LP3501S RANCH RD 6202013A99%326674326$51,552,144$ 157.81$7,850,000$ 4.80$59,402,144$ 181.845%9%MORRISON & HEAD LP37.54$62,389,491$54,692,700$52,126,363$37,825,000$4,779,473$3,343,5780126670131LOT 1 BLK A VISTA ROYALE SUBD PHS 1 AMD LT 1 BLK A & LT 1 BLK A PHS 21,002$182,215.1706172016201308326674WW600001100.00%WW6AA100.00%100.00%*WW65.0063$24.03S19079: 100.00%; 08SW1: 100.00%16354170ORD206/06/2017 9:30AMP20064282626-$2,987,347$4,709,444$7,850,000$60,747,463$4,179,4738.61%

08EC713934ELYSIAN AT MUELLERELYSIAN AT MUELLER LP4646MUELLER BLVD2013A99%275940301$56,578,035$ 205.04$5,737,165$ 35.00$62,315,200$ 225.834%-1%BETTENCOURT TAX ADVISORS LLC3.76$65,161,105$63,250,000$62,380,379$45,613,000$11,138,990$2,957,5160218130501LOT 1 BLK C MUELLER SEC III SUBD917$207,027.2405112015201308275940WV600001100.00%WV6AA100.00%100.00%*WV60.5940$20.79S16319: 100.00%; 08EC: 100.00%1639190ORD206/20/2017 9:00AMP14397104282624-$2,845,905-$934,800$4,917,570$65,373,432$4,917,570-1.48%

08FNW2753265KENZIE AT THE DOMAINGATEWAY MCKENZIE LLC3201ESPERANZA XING2013A100%237395279$61,655,901$ 259.72$5,388,595$ 42.75$67,044,496$ 282.420%6%STRATEGIC PROPERTY TAX ADVISORS INC2.89$67,044,496$63,210,000$52,490,672$25,700,000$6,157,872$2,444,0490256081002LOT 2-B BLK A DOMAIN SEC 2 SUBD RESUB OF LOT 2 BLK A851$240,302.8505112015201308237395B600001100.00%B6GG100.00%100.00%*B60.5310$22.70S16994: 100.00%; 08FNW2: 100.00%; U: 95.00%1260490ORD306/13/2017 9:30AMP25164282620$0$3,834,496$2,993,664$64,515,582$2,394,9316.07%

08NC1760837MIDTOWN COMMONS @ CRESTVIEW (3RD BLD)MIDTOWN COMMONS II APARTMENT7200N LAMAR BLVD2013A99%189263246$40,746,165$ 215.29$2,578,035$ 15.00$43,324,200$ 228.915%5%3.95$45,668,900$41,390,000$40,461,600$23,161,448$7,818,610$603,90402330909033.9456 AC OF LOT 2 CRESTVIEW STATION769$176,114.6302032015201308189263WP600001100.00%WP6AA100.00%100.00%*WP60.9081$13.62S17098: 100.00%; 08NC1: 100.00%1718690ORD206/06/2017 9:30AMP04282621-$2,344,700$1,934,200$2,578,035$45,061,294$2,578,0354.67%

08WC2771775SABINA PH ISABINA-HARTFORD LLC ETAL3400HARMON AVE2013A99%245902296$59,194,858$ 240.73$3,351,942$ 30.00$62,546,800$ 254.365%4%MORRISON & HEAD LP2.56$66,105,717$60,000,000$50,446,123$39,568,000$4,933,015$2,234,6200215080167LOT 7 BLK A EAST AVENUE SUBD831$211,306.7603292016201308245902WV700001100.00%WV7GG100.00%100.00%*WV70.4544$13.63S17332: 100.00%; 08WC2: 100.00%1117310ORD206/06/2017 9:30AMP2006428269-$3,558,917$2,546,800$3,351,942$67,754,972$3,351,9424.24%

08FNW2774033IMT AT THE DOMAIN (BLD 1)IMT CAPITAL III DOMAIN LPBURNET RD2013A98%258985315822.17$48,878,698$ 188.73$9,169,816$ 45.00$58,048,514$ 224.149%0%PARADIGM TAX GROUP LLC4.68$63,964,542$58,172,727$49,962,523$47,790,422$43,500,000$5,178,6010256081009LOT 2 BLK A RREEF DOMAIN BLK T & H SUBD822$184,281.0006112014201208258985AWV700001100.00%WV7GG100.00%100.00%*WV70.7868$35.41S17449: 100.00%; 08FNW2: 100.00%2037740ORD206/06/2017 9:30AMP14887154282620-$5,916,028-$124,213$5,094,342$58,233,539$4,359,918-0.21%

08NE2802086VILLAS AT SPRING TRAILKC VILLAS S LLCNEW MEISTER LN2013A99%252984270$34,913,788$ 138.01$1,086,212$ 1.50$36,000,000$ 142.302%11%16.62$36,677,694$32,439,200$16,506,102$1,448,283$724,185$724,1850286381001LOT 1 SPRINGBROOK APARTMENTS PHS I937$133,333.3306302016201508252984WV600001100.00%WV6AA100.00%100.00%*WV62.8624$4.29S18475: 100.00%; 08NE2: 100.00%7241410ORD206/20/2017 9:00AMP04282615-$677,694$3,560,800$1,086,212$38,970,301$1,448,28310.98%

08SE810182LAKESHORE PEARLAUSTIN LAKESHORE MULTIFAMILY DST2223WATERLOO CITY LN2013A99%196494230$37,745,978$ 192.10$6,531,822$ 25.00$44,277,800$ 225.349%5%6.00$48,566,680$42,000,000$39,950,000$36,195,300$17,779,699$3,135,2750303090111LOT 9 LAKESHORE PHS I854$192,512.1702172015201308196494WP600001100.00%WP6AA100.00%100.00%*WP61.3297$33.24S18002: 100.00%; 08SE: 100.00%2612730ORD206/06/2017 9:30AMP04282662-$4,288,880$2,277,800$6,531,822$46,127,315$6,531,8225.42%

08SC3810713LANDING DOUBLE CREEKDEDICATED FARRAH LPE F M RD 16262013A99%243351293$33,321,881$ 136.93$3,678,119$ 6.00$37,000,000$ 152.0410%3%RYAN LLC14.07$40,990,739$35,902,900$33,800,000$31,325,855$16,332,187$1,072,7850440130901LOT 1A2 DOUBLE CREEK VILLAGE BLK B RESUB OF LT 1 BLK B RESUB LT 1A831$126,279.8605082014201308243351WV600001100.00%WV6GG100.00%100.00%WV62.5191$15.11S17988: 100.00%; 08SC3: 100.00%6130200ORD206/06/2017 9:30AMP15565934282619-$3,990,739$1,097,100$3,678,119$37,348,338$2,452,0803.06%

08NE2811436ORION AT STONE HILL (MANSIONS)CENTENNIAL STONE HILL LP1241TOWN CENTER DR2013A99%369564370$47,009,410$ 127.20$3,690,590$ 5.00$52,250,000$ 141.385%4%16.94$54,944,052$50,400,000$48,128,169$43,000,000$12,000,000$1,476,2360282460602LOT 19 BLK 6 STONE HILL TOWN CENTER SEC 2 PHS 1 AMENDING PLAT NO 1999$141,216.2206222016201308369564WV600001100.00%WV6AA100.00%100.00%WV61.9973$9.99S18126: 100.00%; 08NE2: 100.00%7381180ORD206/06/2017 9:30AMP04282615-$2,694,052$1,850,000$3,690,590$56,772,164$3,690,5903.67%

08NC816666ECHO APTSJLB TRIANGLE PARTNERS LP4527N LAMAR BLVD2013A100%221953274$52,775,835$ 237.78$4,490,165$ 60.00$57,266,000$ 258.016%6%RYAN LLC1.72$60,650,677$53,909,800$52,800,000$20,962,960$3,550,000$2,245,0820224040208LOT 1 BLK A TRIANGLE TRT 5 SUBD810$209,000.0005142012201308221953B600001100.00%B6AA100.00%100.00%*B60.3372$20.23S18206: 100.00%; 08NC: 100.00%748360ORD206/06/2017 9:30AMP15565934282620-$3,384,677$3,356,200$4,490,165$57,826,516$3,367,6246.23%

08FNW2818019IMT AT THE DOMAIN (BLD 2)IMT CAPITAL III DOMAIN LP3210ESPERANZA CROSSING2013A99%179713228$37,932,049$ 211.07$2,772,037$ 20.00$40,704,086$ 226.499%1%3.18$44,852,453$40,356,140$34,644,673$34,145,470$12,102,2650256060502RESIDENTIAL UNIT PARKSIDE I CONDOMINIUM AMENDED PLUS 93.4 % INT IN COM AREA788$178,526.6906112014201308179713WV700001100.00%WV7GG100.00%100.00%*WV70.7712$15.42C02008: 100.00%; 08FNW2: 100.00%1386020ORD206/06/2017 9:30AMP04282620-$4,148,367$347,946$2,772,037$40,356,140$2,772,0370.86%

08NE1819017BEXLEY (SPRINGS AT TECH RIDGE)WMCI AUSTIN III LLC1200E PARMER LN2013A99%330601342$42,184,556$ 127.60$3,589,344$ 5.00$45,773,900$ 138.460%2%RYAN LLC16.48$48,437,370$45,072,800$40,593,600$27,938,600$2,396,671025430071716.48AC OF LOT 1 BLK A SPRINGS AT TECH RIDGE SUBD967$133,841.8108252015201308330601WV600001100.00%WV6AA100.00%100.00%*WV62.1714$10.86S18234: 100.00%; 08NE1: 100.00%7178690ORD910/30/2017 8:30AMP15565934282621$0$701,100$3,589,344$49,295,375$2,796,1161.56%

08FNW820452MONTERRA LUXURYTIMBERCREEK MONTERRA LP13301LEGENDARY DR2013A99%226616258$34,924,883$ 154.11$6,828,117$ 8.00$41,753,000$ 184.252%14%MORRISON & HEAD LP19.59$42,728,384$36,480,300$33,468,519$21,911,409$3,884,9520270030402LOT 2 PARMER LANE LUXURY APARTMENTS SUBD878$161,833.3312012016201308226616WV600001100.00%WV6AA100.00%100.00%WV63.7663$30.13S18173: 100.00%; 08FNW: 100.00%8535150ORD206/06/2017 9:30AMP20064282673-$975,384$5,272,700$6,828,117$37,274,156$5,974,60214.45%

08WWW821213BELL AT FOUR POINTSBELL FUND V FOUR POINTS LLC11220RANCH RD 22222013A99%323478344$46,950,582$ 145.14$6,082,718$ 8.00$53,033,300$ 163.953%3%RYAN LLC17.46$54,420,874$51,452,800$41,464,492$16,628,825$1,133,4310154300220LOT 4-5 BLK B FOUR POINTS CENTRE REPLAT OF LOTS 4-6 BLK B & LOT 1 BLK C940$154,166.5702102016201308323478WV600001100.00%WV6AA100.00%100.00%*WV62.3505$18.80S18270: 100.00%; 08WWW: 100.00%; SH: 80.00%7603400ORD206/06/2017 9:30AMP15565934282617-$1,387,574$1,580,500$6,082,718$52,037,765$4,562,0393.07%

08SC3821723IMT SOUTHPARK (NORTH)IMT CAPITAL IV SOUTHPARK LP9308S 1 ST2013A99%244365285$38,142,480$ 156.09$3,102,866$ 6.00$41,245,346$ 168.7912%-1%PARADIGM TAX GROUP LLC11.87$46,883,237$41,802,013$35,500,000$27,922,000$1,851,4330430130407LOT 1 BLK A LANDMARK SOUTHPARK857$144,720.5103142016201308244365WV600001100.00%WV6AA100.00%100.00%*WV62.1163$12.70S18264: 100.00%; 08SC3: 100.00%5171440ORD206/06/2017 9:30AMP14887154282619-$5,637,891-$556,667$3,102,866$41,802,013$3,620,010-1.33%

08SE838125SOUTH SHORE PH I, II, IIIGRAYCO SS PHASE I 2011 LP1333SHORE DISTRICT DR2013A99%492715250$110,088,690$ 223.43$12,051,310$ 30.00$122,140,000$ 247.896%132%HARDING & CARBONE INC9.22$129,291,759$109,984,100$101,493,718$74,098,6660304080101LOT 1 BLK A SOUTH SHORE RETAIL AMENDING SUBD PLAT OF & LOT 2-3 BLK A SOUTHSHORE SUBD SEC 31,971$488,560.0011042013201308492715WV600001100.00%WV6GG100.00%100.00%$14,814,172*B6,WV6,WV70.8153$24.46S18498: 100.00%; 08SE: 100.00%4017100ORD206/21/2017 10:00AMP20334282662-$7,151,759$69,516,000$4,965,840$59,016,785$4,965,84011.05%

08HIR544134CATHERINE APARTMENTSCATHERINE TOWER LLC210BARTON SPRINGS RD2013A+100%269603300$119,784,069$ 444.30$5,087,331$ 79.99$124,871,400$ 463.1711%-7%MORRISON & HEAD LP1.46$140,861,991$134,361,545$62,794,000$20,414,772$3,179,900$3,179,9000203000218LOT 5B T L SUBD NO 1 RESUB OF LOT 5899$416,238.0004292016201508269603B700001100.00%B7AA100.00%100.00%*B70.2359$18.87S13519: 0.00%; 08HIR: 100.00%; SH: 66.66%635980ORD206/13/2017 9:30AMP20064282618-$15,990,591-$9,490,145$5,087,331$134,361,545$6,105,408-7.06%

08WC206062AXIS WEST CAMPUS (CIRCLE WEST CAMPUS)RAR2-AXIS WEST CAMPUS LP2505LONGVIEW ST2012A98%188205165$40,428,535$ 214.81$8,321,465$ 118.80$48,750,000$ 259.038%1%1.61$53,158,260$48,500,000$48,681,100$44,850,000$43,000,000$17,316,9240214000523LOT 15-21 BLK 5 OLT 55 DIVISION D1,141$295,454.5502112016201208188205WV700001100.00%WV7AA100.00%100.00%*WV70.3722$44.21S03980: 0.00%; 08WC: 100.00%; N: 135.00%; Z: 160.00%700460ORD206/20/2017 9:30AMP04282639-$4,408,260$250,000$8,321,465$55,533,366$7,262,3690.52%

08WC206209LONGHORN LUX (LONGHORN LUXURY)2401-1042 LLC2401LONGVIEW ST2012A98%6280870$12,218,000$ 194.53$5,642,000$ 112.84$18,166,400$ 289.2412%4%1.15$20,718,230$17,500,000$16,811,200$13,609,191$11,577,437$2,574,0000214001206LOT 12-16 BLK 2 OLT 44 DIVISION D897$259,520.000623201620120862808WV700001100.00%WV7GG100.00%100.00%*WV70.7961$89.83S03980: 0.00%; 08WC: 100.00%; N: 120.00%; Z: 160.00%500000ORD206/06/2017 9:30AMP04282639-$2,551,830$666,400$4,774,000$19,341,422$3,456,0003.81%

08WC2066762400 NUECES (OLD WOOLDRIDGE ELE SCH SITEBOARD OF REGENTS OF THE2400NUECES ST2012A100%263226304$80,178,869$ 304.60$8,471,131$ 136.24$92,608,000$ 351.8211%5%MARVIN F POER & CO1.43$104,220,382$87,978,870$74,887,279$67,000,000$45,516,254$7,266,2540214011002LOT 1-7 OLT 48 DIV D RAINEY FRANK SUBD866$304,631.5809301966201208263226B700001100.00%B7GG100.00%100.00%*B70.2362$32.18S11091: 0.00%; 08WC: 100.00%; N: 131.00%; Z: 160.00%621780ORD206/06/2017 9:30AMP20014282639-$11,612,382$4,629,130$8,471,131$88,657,299$7,819,5055.26%

08WC208299GRANDMARCAYMOND GREGORY M BISHOP510W 26 ST2012A98%117823138$29,057,221$ 246.62$5,938,479$ 111.76$34,995,700$ 297.023%9%RYAN LLC1.22$36,055,407$32,005,700$28,751,872$25,776,578$24,500,000$8,178,9700215020701246 X 216FT OLT 62 DIVISION D854$253,592.0306022000201208117823WV700001100.00%WV7100.00%100.00%*B7,WV70.4510$50.40S03980: 0.00%; 08WC: 100.00%; N: 127.00%; Z: 160.00%531360ORD206/06/2017 9:30AMP15565934282639-$1,059,707$2,990,000$5,938,479$33,490,784$5,614,5629.34%

08SC1307027DISTRICT AT SOCO501 EAST OLTORF STREET TX OWNER LLC501E OLTORF ST2012A98%171115215$30,789,200$ 179.93$7,840,800$ 45.00$38,630,000$ 225.757%2%MORRISON & HEAD LP4.00$41,688,192$38,000,000$37,850,000$35,350,000$29,000,000$11,055,5680405000209TRT 2 BRYANT D M SUBD796$179,674.4211132013201208171115WV600001100.00%WV6AA100.00%100.00%*WV61.0183$45.82S01955: 0.00%; 08SC1: 100.00%1742400ORD206/06/2017 9:30AMP20064282637-$3,058,192$630,000$7,840,800$43,332,357$6,098,4001.66%

08NO1362487TEN OAKS (BARNHART)PRICE COLONY TEN OAKS LLC &12612N LAMAR BLVD2012A98%183504192$20,448,539$ 111.43$4,683,861$ 6.30$25,132,400$ 136.966%4%PROPERTY TAX ADVOCATES INC17.07$26,662,710$24,227,066$22,205,000$21,670,471$11,450,000$1,400,0000260201105LOT 1 BLK A LIMESTONE AT WELLS BRANCH956$130,897.9209242013201208183504WV600001100.00%WV6AA100.00%100.00%*WV64.0515$25.52S08108: 0.00%; 08NO1: 100.00%; T: 90.00%7434700ORD206/06/2017 9:30AMP21624282619-$1,530,310$905,334$4,683,861$26,397,502$1,505,5273.74%

08SW1430675BELL AUSTIN SOUTHWEST (RANCH HOUSE)BELL SOUTHPOINT RANCH HOUSE APARTMENTS LLC3601W SLAUGHTER LN2012A98%246854272$42,969,410$ 174.07$4,091,590$ 4.84$47,061,000$ 190.644%5%RYAN LLC19.40$49,139,087$44,637,700$39,300,000$37,748,126$37,160,000$12,731,3630426300928LOT 4-6 BLK A MISSION BETHANY SUBD & LOT 3 BLK A MISSION BETHANY SUBD AMD LTS 2-3 BLK A908$173,018.3811282012201208246854WV600001100.00%WV6AA100.00%100.00%*WV63.4232$16.57S09087: 0.00%; 08SW1: 100.00%8450200ORD206/06/2017 9:30AMP15565934282626-$2,078,087$2,423,300$3,982,865$45,939,354$1,991,4335.43%

08NO568794LOTUS VILLAGE APTSF&B 300 FERGUSON LP300FERGUSON DR2012A98%204672222$23,435,976$ 114.51$2,829,024$ 8.00$26,265,000$ 128.33JDR4%3%8.12$27,301,605$25,500,000$20,350,000$18,930,000$19,700,000$2,893,3860245210104LOT 2 CHINA TOWN CENTER922$118,310.8109112017201208204672WV500001100.00%WV5GG100.00%100.00%*WV51.7278$13.82S02845: 0.00%; 08NO: 100.00%3536280I06/16/2017 11:00AMP04282640-$1,036,605$765,000$2,829,024$26,244,466$1,414,5123.00%

08NE1738690OAKS AT TECHRIDGEBELKORP OAKS LLC14000THE LAKES BLVD2012A98%248280336$32,027,280$ 129.00$2,972,720$ 5.00$35,540,000$ 143.144%5%PARADIGM TAX GROUP LLC13.65$36,912,791$34,000,000$28,097,700$26,560,000$24,070,000$1,863,9120266260202LOT 2 BLK B LAKES AT TECHRIDGE739$105,773.8108272014201208248280WV500001100.00%WV5GG100.00%100.00%*WV52.3947$11.97S16649: 100.00%; 08NE1: 100.00%5945440ORD206/27/2017 9:30AMP14887154282621-$1,372,791$1,540,000$2,972,720$35,997,236$2,972,7204.53%

08WWW755235PROMESAPROMESA APARTMENTS LTD9415MCNEIL DR2012A99%276488289$40,869,372$ 147.82$2,830,628$ 4.00$43,700,000$ 158.054%8%MORRISON & HEAD LP16.25$45,690,814$40,427,700$37,833,500$36,750,000$33,855,497$7,323,0070151270127LOT 4 BLK B RIBELIN RANCH SUBD957$151,211.0712292016201308276488WV500001100.00%WV5GG100.00%100.00%*WV52.5594$10.24S16997: 100.00%; 08WWW: 100.00%7076570ORD206/06/2017 9:30AMP20064282617-$1,990,814$3,272,300$2,830,628$41,923,996$1,415,3148.09%

08SC771587POST SOUTH LAMARMID-AMERICA APARTMENTS LP1500S LAMAR BLVD2012A98%263050298$49,906,266$ 189.72$15,822,734$ 90.00$65,729,000$ 249.878%6%MORRISON & HEAD LP4.04$71,160,271$61,810,000$61,225,389$54,013,475$41,000,000$16,938,3070102040425LOT 1 BLK A POST CINCO SUBD883$220,567.1112012016201208263050WV700001100.00%WV7AA100.00%100.00%*B6,WV70.6683$60.15S17323: 100.00%; 08SC: 100.00%; Q: 100.00%1758080ORD206/06/2017 9:30AMP20064282616-$5,431,271$3,919,000$13,185,612$68,049,877$8,790,4086.34%

08SC3810631COLONIAL GRAND AT DOUBLE CREEKCOLONIAL REALTY LIMITED PARTNERSHIP11001S 1 ST2012A98%278070296$38,732,138$ 139.29$4,175,662$ 4.00$42,907,800$ 154.317%8%MORRISON & HEAD LP23.96$46,325,928$39,560,400$38,053,600$33,758,373$25,000,000$2,588,8200440130803LOT 1 BLK A COLONIAL GRAND AT CITYWAY SUBD939$144,958.78201208278070WV600001100.00%WV6GG100.00%100.00%*WV63.7541$15.02S17934: 100.00%; 08SC3: 100.00%10439150ORD206/06/2017 9:30AMP20064282619-$3,418,128$3,347,400$4,175,662$43,584,021$2,087,8318.46%

08SW1315131QUARRY HILL APTSBELL QUARRY HILL APARTMENTS LLC7000CONVICT HILL RD2010A97%129073148887.49$22,543,816$ 174.66$3,244,784$ 10.00$25,788,600$ 199.805%6%RYAN LLC7.45$27,060,723$24,402,800$22,500,000$20,400,000$19,810,000$19,411,44304103810037.4490 AC OF LOT 14 BLK 3 OAK HILL HEIGHTS SEC 5872$174,247.3011162011201008129073AWV600001100.00%WV6AA100.00%100.00%WV62.5139$25.14S09887: 0.00%; 08SW1: 100.00%3244780ORD206/06/2017 9:30AMP15565934282626-$1,272,123$1,385,800$3,244,784$25,155,504$1,946,8715.68%

08WC203413VINTAGE WEST CAMPUS (VINTAGE THE)22 1/2 STREET PARTNERS LP904W 22 1/2 ST2009A97%5390462869.42$12,368,315$ 229.45$2,072,585$ 96.80$14,440,900$ 267.903%9%MORRISON & HEAD LP0.49$14,951,787$13,250,000$12,670,100$12,760,000$12,510,000$11,515,8550212010109LOT 20-22 OLT 32 DIV D SAMPSON SUBD869$232,917.740108200820090853904AWV700001100.00%WV7GG100.00%100.00%WV70.3972$38.45S11864: 0.00%; 08WC: 100.00%; N: 110.00%; Z: 160.00%214110ORD206/06/2017 9:30AMP20064282639-$510,887$1,190,900$2,072,585$14,539,312$1,884,1688.99%

08NC227617AMLI 5350PPF AMLI 5350 BURNET ROAD LLC5350BURNET RD2009A98%154210175884.59$28,892,718$ 187.36$6,232,920$ 60.00$36,032,000$ 233.6610%5%RYAN LLC2.38$40,026,301$34,346,088$31,044,580$29,202,940$28,400,000$27,269,6720227030102ABS 697 SUR 7 SPEAR G W ACR 2.3848881$205,897.1412232010200908154210AAWV600001100.00%WV6GG100.00%100.00%*B6,WV60.6736$40.42A0697: 0.00%; 08NC: 100.00%1038820ORD206/06/2017 9:30AMP15565934282620-$3,994,301$1,685,912$4,674,690$36,310,395$3,635,8704.91%

08SE283714AMLI SOUTH SHORE1620 EAST RIVERSIDE DRIVE LLC1720SOUTH LAKESHORE BLVD2009A97%3479563751213.5$67,796,837$ 194.84$15,091,362$ 50.00$85,027,000$ 244.367%8%RYAN LLC6.93$91,349,386$78,944,405$71,108,346$60,723,516$57,500,000$54,000,00003020601316.9290 ACR OF TRT A&B ABS 24 DELVALLE S928$226,738.6704192007200908347956AWV700001100.00%WV7GG100.00%100.00%*B6,WV70.8674$43.37A0024: 0.00%; 08SE: 100.00%3018270ORD206/06/2017 9:30AMP15565934282662-$6,322,386$6,082,595$15,091,362$81,424,114$15,091,3627.70%

08SC3346889CAMDEN SHADOW BROOK (VERDE SHADOW BROOKFUND SHADOW BROOK LLC811W SLAUGHTER LN2009A97%450836248895$56,124,435$ 124.49$8,375,565$ 6.50$64,500,000$ 143.076%117%ALLIANCE TAX ADVISORS29.58$68,326,902$60,424,500$55,000,000$49,000,000$45,600,000$00431180109ABS 20 SUR 1 SLAUGHTER S F ACR 29.5811,818$260,080.6506232011200908450836AWW500001100.00%WP5AA100.00%100.00%*WP5,WW52.8581$18.58A0020: 0.00%; 08SC3: 100.00%; SZ: 65.00%12885480ORD206/06/2017 9:30AMP24824282619-$3,826,902$34,751,218$3,857,151$31,263,302$4,500,0096.74%

08SW1734303FOX HILL APARTMENTSBR FOX HILLS TIC-1 LLC &9101CIRCLE DR2009A97%3068162881065.33$39,926,372$ 130.13$4,273,628$ 3.00$44,200,000$ 144.068%15%RYAN LLC32.70$48,068,649$38,600,000$37,250,000$34,850,000$33,200,000$32,880,0000408530324LOT 2 BLK A PEDERNALES ELECTRIC COOPERATIVE CIRCLE DRIVE AUSTIN SUBD1,065$153,472.2205242017200908306816AWP600001100.00%WP6AA100.00%100.00%WP64.6430$13.93S16542: 100.00%; 08SW1: 100.00%14245430ORD206/06/2017 9:30AMP15565934282626-$3,868,649$5,600,000$4,273,628$40,863,746$3,418,90214.51%

08FNW2774341VILLAGES AT THE DOMAIN / BLDG SLPF VILLAGES DOMAIN LLC3314W BRAKER LN2009A97%67773621093.11$11,811,946$ 174.29$490,711$ 10.50$12,529,745$ 184.888%9%MORRISON & HEAD LP1.07$13,664,537$11,481,544$10,085,155$9,859,222$10,164,061$9,860,9720254060209UNT RESIDENTIAL BLD S DOMAIN II CONDOMINIUM THE PLUS 10.0 % INT IN COM AREA1,093$202,092.660503201220090867773AAWV700001100.00%WV7GG100.00%100.00%WV70.6896$7.24C01665: 100.00%; 08FNW2: 100.00%467340ORD206/06/2017 9:30AMP20064282620-$1,134,792$1,048,201$490,711$11,481,544$490,7119.13%

08FNW2774342VILLAGES AT THE DOMAIN / BLDG TLPF VILLAGES DOMAIN LLC3314W BRAKER LN2009A97%87231811076.93$15,344,107$ 175.90$490,711$ 10.50$16,127,103$ 184.888%9%MORRISON & HEAD LP1.07$17,587,701$14,777,958$12,980,659$12,689,859$13,082,219$12,692,1110254060210UNT RESIDENTIAL BLD T DOMAIN II CONDOMINIUM THE PLUS 10.0 % INT IN COM AREA1,077$199,100.040503201220090887231AAWV700001100.00%WV7GG100.00%100.00%WV70.5357$5.63C01665: 100.00%; 08FNW2: 100.00%467340ORD206/06/2017 9:30AMP20064282620-$1,460,598$1,349,145$490,711$14,777,958$490,7119.13%

08FNW2774343VILLAGES AT THE DOMAIN / BLDG VLPF VILLAGES DOMAIN LLC3314W BRAKER LN2009A97%1075621031044.29$19,034,741$ 176.97$490,711$ 10.50$19,885,860$ 184.888%9%MORRISON & HEAD LP1.07$21,686,881$18,222,268$16,006,071$15,647,495$16,131,302$15,650,2710254060211UNT RESIDENTIAL BLD V DOMAIN II CONDOMINIUM THE PLUS 10.0 % INT IN COM AREA1,044$193,066.6005032012200908107562AAWV700001100.00%WV7GG100.00%100.00%WV70.4345$4.56C01665: 100.00%; 08FNW2: 100.00%467340ORD206/06/2017 9:30AMP20064282620-$1,801,021$1,663,592$490,711$18,222,268$490,7119.13%

08FNW2774344VILLAGES AT THE DOMAIN/ BLDG ZLPF VILLAGES DOMAIN LLC3314W BRAKER LN2009A97%110702166621.99$19,604,737$ 177.09$490,711$ 10.50$20,466,377$ 184.888%9%MORRISON & HEAD LP1.07$22,319,974$18,754,221$16,473,328$16,104,284$16,602,215$15,023,0210254060212UNT RESIDENTIAL BLD Z DOMAIN II CONDOMINIUM THE PLUS 10.0 % INT IN COM AREA667$123,291.4305032012200908110702AAWV700001100.00%WV7GG100.00%100.00%WV70.4222$4.43C01665: 100.00%; 08FNW2: 100.00%467340ORD206/06/2017 9:30AMP20064282620-$1,853,597$1,712,156$490,711$18,754,221$490,7119.13%

08NE1797468ATRIUM TECH RIDGE (ARCHSTONE TECH RIDGE)GLADES-PIKE EAST HOLDINGS LLC305E YAGER LN2009A97%221866256866.66$29,634,600$ 133.57$2,527,700$ 4.00$32,162,300$ 144.967%3%P E PENNINGTON & CO14.51$34,693,315$31,264,600$29,053,353$25,800,000$24,780,000$19,340,0000254260209LOT 1-A BLK A NORTH PARK ADDN SEC 1 RESUB OF LOT 1 BLK A867$125,633.9812172014200908221866AWV500001100.00%WV5AA100.00%100.00%$3,653,166WV52.8482$11.39S17832: 100.00%; 08NE1: 100.00%6319250ORD206/20/2017 9:30AMP21924282621-$2,531,015$897,700$2,527,700$33,760,910$2,527,7002.87%

08SW1101515ESTANCIABELL FUND V ESTANCIA LLCOLD BEE CAVES RD2008A96%267605276969.58$35,832,279$ 133.90$5,386,421$ 2.73$41,218,700$ 154.036%2%RYAN LLC45.30$43,786,400$40,318,100$35,608,847$32,415,700$31,200,000$29,154,9400101440702LOT 1-5 ROCKY M RANCH & LOT 1&2 SOUTHWEST TRAILS & ABS 86 SUR 75 BELL A F ACR 37.80 (TOTAL 45.3030 AC)970$149,343.1201302015200808267605AWV600001100.00%WV6AA100.00%100.00%WV67.3743$20.13S11616: 0.00%; 08SW1: 100.00%19733990ORD206/06/2017 9:30AMP15565934282626-$2,567,700$900,600$5,386,421$41,646,020$4,039,8162.23%

08CBD104379COLE APARTMENTSSOUTH LAMAR-AUSTIN GLASS PO LTD300S LAMAR BLVD2008A96%1425501191140.22$27,153,300$ 190.48$7,753,700$ 100.00$34,907,000$ 244.8813%2%RYAN LLC1.78$40,188,280$34,163,600$32,817,025$30,514,754$28,996,531$27,300,0000105020501ABS 8 SUR 20 DECKER I ACR 1.781,198$293,336.1303202006200808142550AAWV700001100.00%WV7GG100.00%100.00%*B6,WV70.5439$54.39A0008: 0.00%; 08CBD: 100.00%775370ORD206/06/2017 9:30AMP15565934282623-$5,281,280$743,400$7,753,700$39,206,412$7,753,7002.18%

08CEN105459GABLES 5TH STREET COMMONS APT/RETAILMUELLER R G JR PARTNERSHIP LP1611W 5 ST2008A96%1720401501120.76$41,933,077$ 243.74$10,389,075$ 75.00$52,322,152$ 304.1315%15%MORRISON & HEAD LP3.18$61,477,663$45,500,000$39,734,290$39,459,979$37,100,000$35,000,0000107050302ABS 697 SUR 7 SPEAR G W ACR 3.181,147$348,814.3501012010200808172040AAWV700001100.00%WV7GG100.00%100.00%*B6,WV7,WW30.8052$60.39A0697: 0.00%; 08CEN: 100.00%1385210ORD206/06/2017 9:30AMP2006428267-$9,155,511$6,822,152$10,389,075$50,229,778$6,926,05014.99%

08WC3122191POST WEST AUSTINMID-AMERICA APARTMENTS LP4330BULL CREEK RD2008A96%292402329902.19$58,424,425$ 199.81$5,188,075$ 25.00$63,612,500$ 217.558%7%MORRISON & HEAD LP4.76$68,874,870$59,260,000$59,449,300$53,268,424$46,750,000$44,600,0000124020308LOT 2, LOT 3 LESS NW TRI & LOT 4 LESS W 42 FT OF LOT 5 GEORGETOWNE SQUARE889$193,351.0612012016200808292402AAWV600001100.00%WV6GG100.00%100.00%WV60.7097$17.74S04981: 0.00%; 08WC3: 100.00%2075230ORD206/06/2017 9:30AMP2006428266-$5,262,370$4,352,500$5,188,075$66,409,946$5,188,0757.34%

08CBD187777CRESCENT (CRESCENT RIVERSIDE APTS)AUSTIN CRESCENT APARTMENTS LLC &127E RIVERSIDE DR2008A96%123032169771.36$29,376,055$ 238.77$6,307,963$ 90.00$35,684,018$ 290.0412%8%MORRISON & HEAD LP1.61$40,753,746$32,900,000$32,945,728$31,600,000$30,000,000$27,050,0000201010204LOT 2 FOLMAR R H SUBD & ABS 8 SUR 20 DECKER I ACR 0.971 PLUS ADJ 10' EASEMENT TOTAL 1.6090 ACR728$211,148.0412202012200808123032AAWV700001100.00%WV7GG100.00%100.00%*B6,WV70.5697$51.27A0008: 0.00%; 08CBD: 100.00%700880ORD206/06/2017 9:30AMP20064282623-$5,069,728$2,784,018$6,307,963$38,197,027$5,607,0788.46%

08WC206313BLOCK ON 25TH (EAST)ACC OP (THE BLOCK) LLC708W 25 ST2008A96%198572871355.17$45,066,491$ 226.95$6,697,507$ 107.52$51,763,998$ 260.687%76%MORRISON & HEAD LP1.43$55,433,289$49,480,368$46,262,054$44,132,000$43,060,000$002140102240.87 AC OF OLT 52 DIVISION D & S 26FT OF LOT 21 & LOT 22-24 WOOTEN GOODALL SUBD2,282$594,988.4808212012200808198572AWP700001100.00%WP7GG100.00%100.00%*WP70.3137$33.73S03980: 0.00%; 08WC: 100.00%; N: 112.00%; Z: 160.00%622910ORD206/06/2017 9:30AMP20064282639-$3,669,291$22,385,559$4,329,376$31,429,233$3,968,5954.62%

08WC20817026 WEST (JEFFERSON 26 )ACC OP (26 WEST) LLC600W 26 ST2008A96%4014183671093.78$95,827,882$ 238.72$25,581,618$ 123.20$121,409,500$ 302.4510%10%MORRISON & HEAD LP4.77$134,790,149$110,000,000$104,581,400$94,490,000$84,930,000$82,945,3630215020501ALL OF OLT 61 DIVISION D & LOT 1 BLK 2 OLT 63 DIVISION D1,094$330,816.0812072011200808401418AWV600001100.00%WV6GG100.00%100.00%*WV60.5173$63.73S03980: 0.00%; 08WC: 100.00%; N: 140.00%; Z: 160.00%2076430ORD206/06/2017 9:30AMP20064282639-$13,380,649$11,409,500$25,581,618$116,467,770$24,186,25610.37%

08WC208218BLOCK ON RIO GRANDEACC OP (THE BLOCK) LLC2819RIO GRANDE ST2008A100%95565851127.75$21,940,687$ 229.59$2,959,088$ 101.20$24,899,775$ 260.557%5%MORRISON & HEAD LP0.67$26,664,795$23,800,745$22,252,334$21,239,000$19,990,000$18,691,0250215020632LOT 11-13 BLK 3 OLT 68 DIVISION D1,124$292,938.530821201220080895565AWV700001100.00%WV7GG100.00%100.00%WV70.3060$30.96S03980: 0.00%; 08WC: 100.00%; N: 115.00%; Z: 160.00%292400ORD206/06/2017 9:30AMP20064282639-$1,765,020$1,099,030$2,959,088$25,462,182$2,582,4774.62%

08NE2278495BROADSTONE GRAND AVENUETC SANSOME AUSTIN LLC1720GRAND AVENUE PKWY2008A96%233248280833.03$33,429,437$ 143.32$2,108,763$ 3.60$35,538,200$ 152.363%7%MORRISON & HEAD LP13.45$36,824,897$33,196,800$30,011,883$27,100,000$25,000,000$21,300,0000276260802LOT 1 BLK A LESS .4628A NORTH PARK SEC 2 REPLAT LT 1 BLK A833$126,922.1408112016200808233248AWV600001100.00%WV6GG100.00%100.00%WV62.5113$9.04S17169: 100.00%; 08NE2: 100.00%5857670ORD206/06/2017 9:30AMP20064282615-$1,286,697$2,341,400$2,108,763$34,886,081$2,108,7637.05%

08NO2379134COLONIAL GRAND AT WELLS BRANCH (VERDE OACOLONIAL REALTY LP1630WELLS BRANCH PKWY2008A96%321912336958.07$39,308,506$ 122.11$4,119,294$ 6.00$43,427,800$ 134.915%10%MORRISON & HEAD LP15.76$45,583,814$39,495,400$35,239,000$33,506,123$30,000,000$27,000,0000270230915LOT 57-A BLK A WELLS BRANCH PHS R SEC 3 AMENDED PLAT OF LTS 57 & 60958$129,249.4002242011200808321912AWV600001100.00%WV6AA100.00%100.00%WV62.1327$12.80S14924: 0.00%; 08NO2: 100.00%6865490ORD206/06/2017 9:30AMP20064282623-$2,156,014$3,932,400$4,119,294$41,664,360$2,746,1969.96%

08NE1502274MARQUIS AT CANYON RIDGE (CHALK ROCK CANYCWS CANYON LLC & BEACHWOOD CANYON12000DESSAU RD2008A96%232080264879.09$29,890,335$ 128.79$2,309,665$ 2.70$32,200,000$ 138.752%11%JIM SCHWALLS & ASSOCIATES19.64$32,772,039$29,031,500$26,200,000$23,750,000$21,800,000$21,740,0000251310412LOT 2 BLK A HIGHPOINTE SUBD879$121,969.7009052014200808232080AWP500001100.00%WP5AA100.00%100.00%WP53.6859$9.95S06081: 0.00%; 08NE1: 100.00%; W: 90.00%8554310ORD406/27/2017 9:00AMP24094282621-$572,039$3,168,500$2,309,665$29,400,247$2,309,66510.91%

08SC3513316REMINGTON HILLSREMINGTON HILLS LLC10601MANCHACA RD2008A96%165714208796.7$23,340,244$ 140.85$1,259,756$ 3.00$24,600,000$ 148.45JDR4%9%9.64$25,664,109$22,640,000$21,333,007$18,700,000$17,560,000$16,140,9740432230604LOT 1&2 BLK A FOREST HILLS SUBDIVISION REPLAT OF THE797$118,269.2309222016200808165714AWV500001100.00%WV5AA100.00%100.00%WV52.5340$7.60S04714: 0.00%; 08SC3: 100.00%4199190I06/16/2017 10:45AMP04282619-$1,064,109$1,960,000$1,259,756$24,616,346$1,259,7568.66%

08NE1526815CENTURY PARMER PLACE (CARRINGTON @ PARMEPARMER PLACE CAF II LLC12101DESSAU RD2008A96%3317232901143.87$38,008,248$ 114.58$2,988,652$ 3.00$40,996,900$ 123.59JDR5%4%MARVIN F POER & CO22.87$43,197,458$39,459,500$34,700,000$30,312,000$29,100,000$27,300,0000251310509LOT 2 BLK A PARMER PARK SUBD1,144$141,368.6206082017200808331723AWV500001100.00%WV5AA100.00%100.00%$3,893,269WV53.0032$9.01S10452: 0.00%; 08NE1: 100.00%9962170I06/01/2017 2:30PMP20014282621-$2,200,558$1,537,400$2,988,652$41,420,304$2,988,6523.90%

08SE1533185COTTAGES THEBES COTTAGES FUND IX LLC ETAL8515S INTERSTATE HY 352008A96%299189330906.63$38,645,450$ 129.17$5,746,650$ 5.00$44,392,100$ 148.37JDR7%2%RYAN LLC26.38$47,891,299$43,650,000$39,597,363$37,291,749$33,700,000$31,537,1550431080547LOT 1 & 2 BLK A SOUTH BEND AMENDED PLAT OF LOTS 1,2,5&6907$134,521.5205302017200808299189AWV500001100.00%WV5AA100.00%100.00%WV53.8415$19.21S12633: 0.00%; 08SE1: 100.00%11493300I06/06/2017 9:00AMP15565934282624-$3,499,199$742,100$5,746,650$43,923,491$5,746,6501.70%

08NE1548532BRIDGES AT CENTER RIDGEHOUSING AUTHORITY OF AUSTIN701CENTER RIDGE DR2008A96%275880348792.76$37,220,736$ 134.92$4,095,354$ 4.00$41,316,090$ 149.7610%23.50$41,316,090$37,419,496$32,290,400$29,039,000$26,820,000$26,720,5850262260306LOT 11 BLK A PARMER CENTER SOUTH SUBD & LOT 3A BLK A TECH.RIDGE RSB OF LOT 2 AMD PLAT OF793$118,724.4009162015200808275880AWP500001100.00%WP5AA100.00%100.00%WP53.7112$14.84S10440: 0.00%; 08NE1: 100.00%10238390021$3,896,594$4,095,354$4,095,35410.41%

08EC713933MOSAIC AT MUELLERNEW YORK LIFE INSURANCE &4600MUELLER BLVD2008A96%432032441988.71$81,782,345$ 189.30$10,217,655$ 35.00$92,000,000$ 212.956%0%MARVIN F POER & CO6.70$97,399,300$92,000,000$79,900,000$73,191,780$58,883,940$59,800,0000218130118LOT 1 BLK D MUELLER SEC III SUBD980$208,616.7812302010200808432032AWV600001100.00%WV6GG100.00%100.00%*D6,WV60.6757$23.65S16319: 100.00%; 08EC: 100.00%2919330ORD206/06/2017 9:30AMP20014282624-$5,399,300$0$8,757,990$96,052,641$8,757,9900.00%

08SC3715740COLONIAL GRANDE AT ONION CREEKCOLONIAL REALTY L P1901ONION CREEK PKWY2008A96%3125603001041.87$36,517,488$ 116.83$5,597,112$ 4.00$42,114,600$ 134.7410%5%MORRISON & HEAD LP32.12$46,926,802$40,260,600$39,172,000$35,570,000$31,300,000$31,350,0000448180213LOT 1 BLK A DOUBLE CREEK VILLAGE BLOCK A1,042$140,382.0010122005200808312560AWP600001100.00%WP6AA100.00%100.00%WP64.4768$17.91S16279: 100.00%; 08SC3: 100.00%13992780ORD206/06/2017 9:30AMP20064282619-$4,812,202$1,854,000$5,597,112$44,157,413$2,798,5564.60%

08FNW1731049ALEXAN VISTAS (VAUGHT RANCH)WEST LAKE VISTAS LLC7201F M RD 22222008A96%3445611262734.61$58,653,271$ 170.23$5,047,029$ 3.00$63,700,300$ 184.874%11%MORRISON & HEAD LP38.62$66,154,066$57,594,500$53,141,019$48,283,529$45,540,000$43,400,0000143150202LOT 2 BLK A VAUGHT RANCH SEC 22,735$505,557.9408232016200808344561AAWV600001100.00%WV6GG100.00%100.00%*WP6,WV64.8826$14.65S16544: 100.00%; 08FNW1: 100.00%16823430ORD206/06/2017 9:30AMP2006428262-$2,453,766$6,105,800$5,047,029$60,848,006$5,047,02910.60%

08SC3732321TERRACES AT SOUTHPARK MEADOWSBVT SOUTHPARK SPE LP10101S FIRST ST2008A96%600368426530.25$79,035,479$ 131.65$5,589,821$ 2.75$84,625,300$ 140.965%176%MARVIN F POER & CO46.66$88,774,277$81,375,000$73,877,100$65,780,000$60,530,000$00434130401LOT 25-26 BLK A SOUTHPARK MEADOWS SUBD AMD LTS 15,22-26 BLK A & LT 1 BLK B1,409$198,650.9411082013200808600368AWV600001100.00%WV6GG100.00%100.00%*WV63.3857$9.31S17043: 100.00%; 08SC3: 100.00%20326620ORD206/06/2017 9:30AMP20014282619-$4,148,977$54,008,019$2,145,340$32,970,036$2,145,3403.99%

08SC1734330DAVIS SOCOSENDERA SOCO PARTNERS LP3801S CONGRESS AVE2008A96%388104306303.1$60,746,237$ 156.52$14,748,763$ 50.00$75,495,000$ 194.5211%318%6.77$84,545,049$75,500,000$67,720,631$60,000,000$55,380,000$00409020504LOT 20A & 21A WOODWARD INDUSTRIAL DISTRICT AMENDED PLAT OF LTS 20&211,268$246,715.6908312016200808388104AAWV600001100.00%WV7GG100.00%100.00%*B6,WV6,WV70.7600$38.00S16528: 100.00%; 08SC1: 100.00%2949750ORD206/06/2017 9:30AMP04282637-$9,050,049$57,451,834$4,116,850$19,603,603$2,470,110-0.01%

08SW737685CAMDEN CEDAR HILLSCAMDEN PROPERTY TRUST4100W SLAUGHTER LN2008A96%189516208911.13$24,157,230$ 127.47$7,518,270$ 6.00$31,675,500$ 167.145%9%ALLIANCE TAX ADVISORS28.77$33,236,192$29,087,700$26,438,500$23,490,000$22,350,000$20,700,0000424300102LOT 6A CCR 108 SUBD RESUB OF LOT 6 BLK A911$152,286.0611172006200808189516AWV600001100.00%WV6GG100.00%100.00%WV66.6118$39.67S16714: 100.00%; 08SW: 100.00%12530450ORD206/06/2017 9:30AMP24824282626-$1,560,692$2,587,800$7,518,270$30,295,678$3,759,1358.90%

08NE1738684VILLAS AT TECH RIDGECL TECH RIDGE LP & TECH RIDGE LA PARTNERS1000E HOWARD LN2008A96%341480350975.66$41,318,765$ 121.00$3,560,935$ 5.00$44,879,700$ 131.438%3%MORRISON & HEAD LP16.35$48,696,286$43,600,000$36,250,200$31,440,409$30,530,000$27,500,0000264260213LOT 3 BLK B LAKES AT TECHRIDGE976$128,227.7102162016200808341480AWW500001100.00%WW5AA100.00%100.00%WW52.0856$10.43S16649: 100.00%; 08NE1: 100.00%7121870ORD206/06/2017 9:30AMP20064282621-$3,816,586$1,279,700$3,560,935$45,769,047$3,560,9352.94%

08CEN748284GABLES PRESSLER507 PRESSLER LTD1316W 5 ST2008A96%151758168900.94$36,409,637$ 239.92$6,171,363$ 75.00$42,581,000$ 280.583%6%MORRISON & HEAD LP1.89$44,088,609$40,000,000$36,280,600$36,305,023$31,950,000$30,000,0000108032003PRESSLER CONDOMINIUM AMENDED PLUS 86.0 % INT IN COM AREA (RESIDENTIAL)903$253,458.33200808151758AAWV700001100.00%WV7GG100.00%100.00%WV70.5422$40.67C01357: 100.00%; 08CEN: 100.00%822850ORD206/06/2017 9:30AMP2006428267-$1,507,609$2,581,000$6,171,363$41,688,815$6,171,3636.45%

08WWW755240RIBELIN RANCHRIBELIN RANCH 2013 LP9900MCNEIL DR2008A96%342752350979.29$43,317,935$ 126.38$3,054,460$ 4.00$46,372,395$ 135.290%9%P E PENNINGTON & CO17.53$46,372,395$42,642,000$38,300,000$35,700,000$31,660,000$28,620,0000151270132LOT 9 BLK B RIBELIN RANCH SUBD979$132,492.5606272013200808342752AWV600001100.00%WV6AA100.00%100.00%*WV62.2279$8.91S16997: 100.00%; 08WWW: 100.00%7636150ORD306/

Everything You Need to Know About Property Taxes...Commercial Litigation Stats – 2015 - 2017. 2015...

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