Teaser_1400 18th Ave

Rare Mid-Town Nashville Office Investment

term rent growth. These advantages coupled with a highly visible location in the heart of Music Row has the building poised to outperform its peer properties over the long term. Barriers to Entry Despite the strength of the Nashville economy, the region has seen little new speculative construction in recent years. The challenging topography surrounding much of the city limits the cost effectiveness and viability of new projects. While there are some nearby development parcels, it is unlikely that there will be significant speculative construction in the near term without substantial pre-leasing. Stabilized Near-Term Cash Flows with Strong Upside The property offers both substantial and consistent near term revenue with a tenant base of strong credit companies, Sony and Vanderbilt University. The

building is situated in a submarket experiencing significant rental growth due to high demand and the cost of new construction. The asset is expected to generate higher returns after the in-place leases expire. Numerous Area Amenities There are numerous amenities within walking distance of the building including banks, restaurants and general services typically found in a Class A office environment. Given its location close to Vanderbilt University, the area has a higher than average concentration of unique and high-end retail establishments. Discount to Replacement Cost This offering represents a significant discount to replacement costs. Current estimates for comparable new Class A construction in the area are in excess of $275 per square foot.

1400 18 th Avenue South represents the first mid-town office investment of significant size to come to the market in recent years. The area has always been attractive to investors due to strong valuations and proximity to Vanderbilt University. The area, otherwise known as Music Row, sits among the most prominent neighborhoods in Nashville. Opportunities to invest here are coveted. Positive Market Dynamics Nashville continually ranks among the premier cities for corporate relocations, quality of life and pro- business government. Despite the recent downturn in the national economy, the city has weathered the economic storm far better than its peers. Demand for office buildings such as 1400 18 th Avenue South has been and is expected to remain strong as investors seek well- located assets with potential for long