Harbour Monticello Estates

Fort Worth, Texas 6.69X Investor Return Multiple 25.9% IRR Investment date: July 1997 640 acres of land Sold 216 acres shortly after closing for 3.6 times the original purchase price Developed 240 acres into single family lots Sold remaining 184 acres nine years after the acquisition for nearly seven times the purchase price

Fossil Creek / Loop 820

Fort Worth, Texas 2.87X Investor Return Multiple 21% IRR Investment Date: January 1995 Land note with semi-annual interest payments

2000 Corridor Alliance

Fort Worth, Texas 2.44X Investor Return Multiple 11.2% IRR Investment Date: December 1999 503-unit storage facility

Denton / Loop 288

Denton, Texas 2.9X Investor Return Multiple 490% IRR Investment Date: February 2006 40-acre commercial tract Sold property within six months

Hilton College Station

Bryan/College Station, Texas 2.4X Investor Return Multiple 25.81% IRR Investment date: September 2010 313-room and conference center Purchased off market at 50% of replacement costs Averaging a 12% annual return to investors

Trophy Club Village Centre

Trophy Club, Texas 2.4X Investor Return Multiple 22.25% IRR Investment date: October 2012 Two-phase development, approximately 16,000 sq ft medical and professional center