COLLIERS INTERNATIONAL I HOUSTON

J. Patrick Duffy, MCR - PresidentCaroline Freeman - Chief Operating Officer

PRINCIPALSCharles H. Herder, SIOR – Co–ChairmanRobert S. Parsley, SIOR – Co–ChairmanGreg Cizik – Colliers Manager & DirectorWalker B. Barnett, SIOR – DirectorWilliam J. Byrd, CCIM, SIOR – PrincipalDavid L. Carter, CCIM, SIOR – DirectorMarshall S. Clinkscales – PrincipalKolbe M. Curtice, CCIM, CLS

– Managing Director I Fort Bend – DirectorTodd N. Edmonds, CCIM, SIOR – Principal Charles G. Fertitta, Jr., SIOR – Director Barrett Gibson, SIOR – Principal Christopher S. Klein – PrincipalJay Kyle, SIOR – DirectorTeresa Guidotti Lowery – Principal Gary A. Mabray, SIOR – PrincipalJohn S. Parsley, SIOR – DirectorMichael J. Taetz, SIOR – DirectorChristopher D. Winters – Director

BROKERS Elena Bakina, PhD – Vice PresidentBrad Beauchamp – AssociateRyan Byrd – AssociateChadd Bolding – Senior AssociateHal Colbert – Senior Vice PresidentTom Condon, Jr. – Senior Vice PresidentCoy D. Davidson – Senior Vice PresidentEdward Edson – Senior Vice PresidentJason English – Senior AssociateClarence “Trey” Erwin, III – Vice PresidentBlake Gibson – Senior Vice PresidentRobert B. Hantgan – Senior Vice PresidentJudd Harrison – AssociateCorbin Janssen – AssociateJohn D. LaRue – Associate

BROKERS continuedElizabeth G. LeDoux – AssociateKimberly Lenardson – Vice PresidentWalter Menuet – Senior Vice PresidentNorman V. Munoz – Senior Vice PresidentCrady Newton – Senior AssociateMartin D. O’Malley – Senior Vice PresidentJeff Peltier – Senior AssociateBarkley Peschel – Vice PresidentJim Pratt – Senior Vice PresidentClayton A. Rabel – Vice PresidentWalker Ryan – Senior Vice PresidentL. Ace Schlameus – Senior Vice PresidentJenny Seckinger – Senior AssociateMichelle Soderberg – Vice PresidentChase F. Spence – Vice PresidentJason Tangen – Vice PresidentAshley Yoder – AssociateBeth H. Young, CCIM, LEED AP – Senior Vice President

CORPORATE SOLUTIONS Don Schmidt - Managing Director, Integrated Client ServicesDave Mayfield – Senior Director, Project Management

PROJECT MANAGEMENT Bart Morey - Senior Vice President

REAL ESTATE MANAGEMENT SERVICES Joel Bracewell - Senior Vice PresidentRhoda Fertig - Senior Property ManagerChris Kindel - Senior Property ManagerJennifer Metcalf - Senior Property Manager

RESEARCH & MARKETING Lisa Bridges - Director of Market Research Megan Coody – Senior AnalystCrissy Nolen - Director of MarketingHannah Tysor – Marketing and Research Coordinator

VALUATION & APPRAISAL Michael S. Miggins, MAI - Managing Director

CommercialReal Estate

Market UpdateHouston, Texas

January 27, 2015

HOUSTON +1 713 222 2111 1233 W. Loop South, Suite 900 Houston, TX 77027

FORT BEND +1 281 494 4769 15999 City Walk, Suite 250 Sugar Land, TX 77479

THE WOODLANDS +1 713 830 40111790 Hughes Landing Blvd., Suite 250The Woodlands, TX 77380

SPECIAL THANKS

MAJOR UNDERWRITERS & SPONSORS

KIERNAN (K.C.) CONWAY, MAI, CRESenior Vice PresidentCredit Risk ManagementSunTrust Bank

COLLIERS INTERNATIONAL is a global leader in commercial real estate services, with over 15,800 professionals operating out of more than 485 offices in 63 countries. We recognize the importance of serving clients while utilizing local knowledge on a global scale. In Houston, Colliers has been providing real estate solutions to leading corporations, institutions, investors, and small businesses since 1957.

FEATURED SPEAKER

PATRICK DUFFY, MCRPresident I HoustonColliers International

FEATURED SPEAKER

FOR A COPY OF TONIGHT’S PRESENTATIONplease visit: www.colliers.com/Houston/TRENDS

We would liketo extend special thanksto our 2015Colliers Charity Partners

Colliers International I Houstonis pleased to present

TRENDS 2015COMMERCIAL REAL ESTATE

MARKET UPDATE

Tuesday, January 27, 20154:30pm - 7:30pm

Houston Country Club BallroomOne Potomac Drive

Houston, Texas

Presentation, cocktails, and hors d’oeuvres

2015 COLLIERSCHARITY BENEFICIARY

SPECIAL THANKS

MAJOR UNDERWRITERS & SPONSORS

KIERNAN (K.C.) CONWAY, MAI, CRESenior Vice PresidentCredit Risk ManagementSunTrust Bank

COLLIERS INTERNATIONAL is a global leader in commercial real estate services, with over 15,800 professionals operating out of more than 485 offices in 63 countries. We recognize the importance of serving clients while utilizing local knowledge on a global scale. In Houston, Colliers has been providing real estate solutions to leading corporations, institutions, investors, and small businesses since 1957.

FEATURED SPEAKER

PATRICK DUFFY, MCRPresident I HoustonColliers International

FEATURED SPEAKER

FOR A COPY OF TONIGHT’S PRESENTATIONplease visit: www.colliers.com/Houston/TRENDS

We would liketo extend special thanksto our 2015Colliers Charity Partners

Colliers International I Houstonis pleased to present

TRENDS 2015COMMERCIAL REAL ESTATE

MARKET UPDATE

Tuesday, January 27, 20154:30pm - 7:30pm

Houston Country Club BallroomOne Potomac Drive

Houston, Texas

Presentation, cocktails, and hors d’oeuvres

2015 COLLIERSCHARITY BENEFICIARY

COLLIERS INTERNATIONAL I HOUSTON

J. Patrick Duffy, MCR - PresidentCaroline Freeman - Chief Operating Officer

PRINCIPALSCharles H. Herder, SIOR – Co–ChairmanRobert S. Parsley, SIOR – Co–ChairmanGreg Cizik – Colliers Manager & DirectorWalker B. Barnett, SIOR – DirectorWilliam J. Byrd, CCIM, SIOR – PrincipalDavid L. Carter, CCIM, SIOR – DirectorMarshall S. Clinkscales – PrincipalKolbe M. Curtice, CCIM, CLS

– Managing Director I Fort Bend – DirectorTodd N. Edmonds, CCIM, SIOR – Principal Charles G. Fertitta, Jr., SIOR – Director Barrett Gibson, SIOR – Principal Christopher S. Klein – PrincipalJay Kyle, SIOR – DirectorTeresa Guidotti Lowery – Principal Gary A. Mabray, SIOR – PrincipalJohn S. Parsley, SIOR – DirectorMichael J. Taetz, SIOR – DirectorChristopher D. Winters – Director

BROKERS Elena Bakina, PhD – Vice PresidentBrad Beauchamp – AssociateRyan Byrd – AssociateChadd Bolding – Senior AssociateHal Colbert – Senior Vice PresidentTom Condon, Jr. – Senior Vice PresidentCoy D. Davidson – Senior Vice PresidentEdward Edson – Senior Vice PresidentJason English – Senior AssociateClarence “Trey” Erwin, III – Vice PresidentBlake Gibson – Senior Vice PresidentRobert B. Hantgan – Senior Vice PresidentJudd Harrison – AssociateCorbin Janssen – AssociateJohn D. LaRue – Associate

BROKERS continuedElizabeth G. LeDoux – AssociateKimberly Lenardson – Vice PresidentWalter Menuet – Senior Vice PresidentNorman V. Munoz – Senior Vice PresidentCrady Newton – Senior AssociateMartin D. O’Malley – Senior Vice PresidentJeff Peltier – Senior AssociateBarkley Peschel – Vice PresidentJim Pratt – Senior Vice PresidentClayton A. Rabel – Vice PresidentWalker Ryan – Senior Vice PresidentL. Ace Schlameus – Senior Vice PresidentJenny Seckinger – Senior AssociateMichelle Soderberg – Vice PresidentChase F. Spence – Vice PresidentJason Tangen – Vice PresidentAshley Yoder – AssociateBeth H. Young, CCIM, LEED AP – Senior Vice President

CORPORATE SOLUTIONS Don Schmidt - Managing Director, Integrated Client ServicesDave Mayfield – Senior Director, Project Management

PROJECT MANAGEMENT Bart Morey - Senior Vice President

REAL ESTATE MANAGEMENT SERVICES Joel Bracewell - Senior Vice PresidentRhoda Fertig - Senior Property ManagerChris Kindel - Senior Property ManagerJennifer Metcalf - Senior Property Manager

RESEARCH & MARKETING Lisa Bridges - Director of Market Research Megan Coody – Senior AnalystCrissy Nolen - Director of MarketingHannah Tysor – Marketing and Research Coordinator

VALUATION & APPRAISAL Michael S. Miggins, MAI - Managing Director

CommercialReal Estate

Market UpdateHouston, Texas

January 27, 2015

HOUSTON +1 713 222 2111 1233 W. Loop South, Suite 900 Houston, TX 77027

FORT BEND +1 281 494 4769 15999 City Walk, Suite 250 Sugar Land, TX 77479

THE WOODLANDS +1 713 830 40111790 Hughes Landing Blvd., Suite 250The Woodlands, TX 77380