a reinvented unique office asset in the world ......1800 n. highland ave. features incredibly unique...

N. HIGHLAND AVE.HOLLYWOOD | CALIFORNIA

©2018 Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF)

A REINVENTED UNIQUE OFFICE ASSET IN THE WORLD’S ENTERTAINMENT CAPITAL

http://www.BeByTSG.com

OFFERING SUMMARY

HFF, as exclusive advisor, is pleased to present the exceptional opportunity to acquire the 100% fee simple interest in 1800 N. Highland Ave., a 7-story, innovative Class A office asset (the “Property”) located at 1800 N. Highland Avenue in the entertainment capital of the world, Hollywood, CA. THE PROPERTY IS A PIONEERING USER EXPERIENCE UNLIKE ANY OTHER, BLENDING OFFICE UTILITY WITH HOTEL EXCLUSIVITY TO PRODUCE A MASTERFULLY-CURATED, UPSCALE VIP EXPERIENCE KNOWN AS “BE” BY THE SOUFERIAN GROUP (THE “BRAND”).

2 EXECUTIVE SUMMARY

/ LEASING UPSIDE ON CORE ASSET: Currently 86% leased, with only one designer-finished turnkey vacant space remaining, the Property is the extremely rare core asset with upside. The rent roll is headlined by entertainment titan Live Nation, with total average in-place rents 19% below market. This presents significant NOI upside through both lease-up of vacant space and mark-to-market of in-place tenants, all in one of the strongest office markets in Southern California.

/

The Investor’s OpportunityEXTENDED LONG TERM SIGNAGE AGREEMENT: The ink has dried on the license amendment to the existing long term agreement for the Property’s wall scape signs with industry-leading advertiser OUTFRONT Media. The amendment secures long-term signage income, mitigating investment risk, while also offering tremendous revenue-sharing upside just as the market sits on the precipice of content explosion.

There is legislation in front of city council for Summer 2018 regarding the potential conversion of static signage to digital signage in Hollywood. If passed, a conversion to digital signage at the Property could increase value by 3-4x.

TENANT INDUSTRY SF % of NRA EXPIRATION YEAR IN-PLACE VS. MARKET

Live Nation Entertainment 47,800 52.0% 2023 (14.3%)

Revolt Media 13,293 14.5% 2020 (41.4%)

Soothe Service 13,288 14.5% 2022 (26.3%)

Nokia USA Communications 3,669 4.0% 2022 (15.9%)

3BE BY TSG | 1800 N. HIGHLAND AVE.

The Property underwent an extensive rehab, including a new curtain wall and system upgrades. Current ownership has elevated the Property to an unprecedented design aesthetic, with a plethora of amenities that cater to the media, creative and technology tenant cluster that is driving the Hollywood and greater Los Angeles economies.

Property Overview

ADDRESS 1800 N. Highland Ave.Hollywood, CA 90028

NET RENTABLE AREA (SF) 91,908

% LEASED 86%

YEAR BUILT / RENOVATED 1965 / 2008 / 2017

NO. OF FLOORS 7

CERTIFICATION LEED EnergyStar

TYPICAL FLOOR PLATE (SF) 13,058

CEILING HEIGHT 13-14 ft.

SIGNAGE DIMENSIONS

Outfront Media • 25’ x 67’ sign on Western facade • 18’ x 60’ sign on Western facade • 45’ x 63’ sign on Northern facade

Dolby • 50’ x 68’ north facing rooftop sign

Top Building Signage Available

4 EXECUTIVE SUMMARY

Curated For The Tenant Experienceis the brainchild of Behzad Souferian and his vision for a new genre of commercial real estate, tailored for the way we live and work today. The inspiring Property encapsulates luxury hospitality components

as it redefines the modern office environment. Be evokes a timeless lifestyle as it welcomes you with a custom canopy entrance complete with valet services, reminiscent of the arrival experience found at boutique hotels. Tenants enter through double glass doors into lobbies which serve as tenant lounges in the style of a well-heeled hotel. The pet-friendly building also includes communal landscaped courtyards modeled after high-end single-family residences, outdoor gathering spaces and thoughtful floor plans with bespoke designer finishes. Tenants have a variety of curated lifestyle amenities at their disposal, such as a concierge, room service-inspired deliveries and Be-branded bikes for tenants’ midday errands. Be tenants are also granted membership to Be Benefits, an exclusive program of partner discounts, special offers and inside-the-ropes access to some of the most sought-after establishments. Be is the cultivation of a truly unique asset in a world-renowned market.


A Hollywood StoryHollywood is experiencing incredible residential, commercial and infrastructural growth, driving tourism and attracting swarms of media talent. The booming market has demonstrated incredible demand, driving terrific market fundamentals, record-breaking rental rates, and the influx of premier entertainment tenants. In 2017, Hollywood welcomed a tenant migration of modern entertainment powerhouses, headlined by Netflix’s 500,000+ SF and Viacom’s 200,000+ SF. In May 2018 Netlfix reached a remarkable milestone, becoming the most valuable media and entertainment company in the world. The relocations by Netflix, Viacom, and others evidence Hollywood’s standing as the benefactor from the imminent explosion of content in the entertainment industry. The entertainment world stands to transform and flourish for a long time to come, with Hollywood leading the charge.

12 3NETFLIX NOW HIGHEST MARKET CAP IN ENTERTAINMENT INDUSTRY

6 EXECUTIVE SUMMARY

INVESTMENT HIGHLIGHTS

The entertainment industry is in the first inning of a content explosion.


Highly Desirable Signage Income – Recently Secured For Next 10 Years

1800 N. Highland Ave. features incredibly unique advertising signage in one of the nation’s most prominent advertising markets, aptly considered the “Times Square” of the West Coast. The proven signage revenue is attained from market-leading, creditworthy companies. It is extremely rare for a landlord to be able to provide such signage in Hollywood, as a moratorium has been in place since 2008 creating a complete barrier to entry.

y Economic Impact of expanded Signage Amendment:

w Signed April 2018 with licensee OUTFRONT Media

w Mitigates Investment Risk

w Significantly Increases Upside Revenue

MINIMUM BASE RENT $360,000 $660,000

75% OF SALES (77% AFTER 2022)*

DEC’ 2027 EXPIRATION

70% OF SALES

FEB’ 2021 EXPIRATION

PERCENTAGE RENT

AGREEMENT TERM

*2017 OUTFRONT Sales Exceeded $1.3 million

PASS IN FRONT OF THE PROPERTY EACH DAYOVER 140,000 VEHICLES

LOS ANGELES WELCOMED A RECORD

48.5 MILLION VISITORS

IN 2016

PREVIOUS AGREEMENT NEW TERMS

8 EXECUTIVE SUMMARY


1800 N. Highland Ave. is widely recognized as the most visible building with signage in Hollywood.

-GM Outdoor Signage

SIGNAGE AWallscape

SIGNAGE BWallscape

SIGNAGE CWallscape

SIGNAGE DTop Building

SIGNAGE EBillboard

SIGNAGE REVENUE

A, B & C - Wallscape (OUTFRONT Media) $1,023,605

D - Top Building $120,000*

E - Billboard (Dolby) $81,676

* Current market value


West Los Angeles Market Momentum Hollywood is located in the West Los Angeles office market, which is considered the most core market in Los Angeles and consistently one of the most sought-after markets in the world. Current average asking rents in the Class A market surpass $4.70 per square foot per month, over 45% higher than the next highest rents in Los Angeles.

y Hollywood rents have grown 65% in the last 6 years

y ICON, one of the local competitive buildings, was over 60% leased two years before opening

y The Property’s competitive set has seen 47% rent growth since 2014

y NETFLIX looking at all the space at SPACES at 1800 Vine

Hollywood rents have increased and vacancy has decreased in Q1 2018

Comparison of Class A Rental Rates

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10 EXECUTIVE SUMMARY


There is hardly a month when there isn’t some company that comes into my office and says ‘We’re looking at Hollywood.

– LA Mayor Eric Garcetti


The Hollywood Bowl

Hollywood and Highland

Rich Amenities In An Iconic LocationBe 1800 N. Highland Ave. offers dramatic identity in one of the most prestigious and iconic markets in the world. Hollywood virtually defines the entertainment industry in Southern California, and is central to all major studios, entertainment-dominated submarkets, and a variety of residential neighborhoods. Universally recognized as the Entertainment Capital of the World, Hollywood also boasts a wealth of globally recognized areas, and contains some of the most popular entertainment venues in the country.


The Hollywood Bowl Universal Studios

Hollywood and Highland The Hollywood Walk of Fame

ADJACENT HOLLYWOOD & HIGHLAND HOSTS

OVER

IN HOLLYWOOD

300 EVENTS 05/10

THE OSCARS MOST INSTAGRAMMED SPOTSIN LOS ANGELES ARE LOCATED

PER YEAR, INCLUDING

IN 2017 THE HOLLYWOOD BOWL RECORDS

NEARLY 1 MILLION ADMISSIONS PER SUMMER


N. HIGHLAND AVE.



Market-Leading Tenants Led by Live Nation, who occupies 52% of the total Property GLA (recently expanded by 20,711 SF in 2018), the tenant base at the Property embodies the dynamic office environment of Hollywood.

y LIVE NATION is the premier live entertainment company in the world and boasts a market cap of $9 billion. The company has a diversified business model focusing on the concert value chain, which includes concerts, advertising, and ticketing. In the past year, Live Nation’s operating income increased by 88% in concerts, 13% in advertising and 10% in ticketing. Live Nation currently owns 21 out of the 25 top grossing world tours, and has a concentrated millennial customer base of over 70 million.

y NOKIA USA is a global leader in the information technology space with a $27 billion market cap.

y REVOLT MEDIA TV is a music cable network by Sean “Diddy” Combs with over 50 million young-adult followers.

REVENUE EXCEEDED

ATTENDEES EXCEEDED

THE COMBINED REVENUE OF

THE COMBINED ATTENDEES OF

the two top record companies during 2016

the top companies during 2016


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— — — — — — — — 4:40A 4:42A 4:44A 4:46A 4:48A 4:49A 4:50A 4:53A4:31A 4:35A 4:39A 4:41A 4:43A 4:45A 4:46A 4:48A — — 4:51 4:53 4:55 4:56 4:57 5:00— — — — — — — — 4:57 4:59 5:01 5:03 5:05 5:06 5:07 5:104:48 4:52 4:56 4:58 5:00 5:02 5:03 5:05 — — 5:08 5:10 5:12 5:13 5:14 5:17— — — — — — — — 5:15 5:17 5:19 5:21 5:23 5:24 5:25 5:285:07 5:11 5:15 5:17 5:19 5:21 5:22 5:24 — — 5:27 5:29 5:31 5:32 5:33 5:36— — — — — — — — 5:34 5:36 5:38 5:40 5:42 5:43 5:44 5:475:27 5:31 5:35 5:37 5:39 5:41 5:42 5:44 — — 5:47 5:49 5:51 5:52 5:53 5:56— — — — — — — — 5:50 5:52 5:54 5:56 5:58 5:59 6:00 6:035:41 5:45 5:49 5:51 5:53 5:55 5:56 5:58 — — 6:01 6:03 6:05 6:06 6:07 6:10— — — — — — — — 6:05 6:07 6:09 6:11 6:13 6:14 6:15 6:185:55 5:59 6:03 6:05 6:07 6:09 6:10 6:12 — — 6:15 6:17 6:19 6:20 6:21 6:24— — — — — — — — 6:19 6:21 6:23 6:25 6:27 6:28 6:29 6:326:10 6:14 6:18 6:20 6:22 6:24 6:25 6:27 — — 6:30 6:32 6:34 6:35 6:36 6:39— — — — — — — — 6:34 6:36 6:38 6:40 6:42 6:43 6:44 6:476:25 6:29 6:33 6:35 6:37 6:39 6:40 6:42 — — 6:45 6:47 6:49 6:50 6:51 6:54— — — — — — — — 6:49 6:51 6:53 6:55 6:57 6:58 6:59 7:026:40 6:44 6:48 6:50 6:52 6:54 6:55 6:57 — — 7:00 7:02 7:04 7:05 7:06 7:09— — — — — — — — 7:04 7:06 7:08 7:10 7:12 7:13 7:14 7:176:55 6:59 7:03 7:05 7:07 7:09 7:10 7:12 — — 7:15 7:17 7:19 7:20 7:21 7:24— — — — — — — — 7:19 7:21 7:23 7:25 7:27 7:28 7:29 7:327:10 7:14 7:18 7:20 7:22 7:24 7:25 7:27 — — 7:30 7:32 7:34 7:35 7:36 7:39— — — — — — — — 7:34 7:36 7:38 7:40 7:42 7:43 7:44 7:477:25 7:29 7:33 7:35 7:37 7:39 7:40 7:42 — — 7:45 7:47 7:49 7:50 7:51 7:54— — — — — — — — 7:49 7:51 7:53 7:55 7:57 7:58 7:59 8:027:40 7:44 7:48 7:50 7:52 7:54 7:55 7:57 — — 8:00 8:02 8:04 8:05 8:06 8:09— — — — — — — — 8:04 8:06 8:08 8:10 8:12 8:13 8:14 8:177:55 7:59 8:03 8:05 8:07 8:09 8:10 8:12 — — 8:15 8:17 8:19 8:20 8:21 8:24— — — — — — — — 8:19 8:21 8:23 8:25 8:27 8:28 8:29 8:328:10 8:14 8:18 8:20 8:22 8:24 8:25 8:27 — — 8:30 8:32 8:34 8:35 8:36 8:39— — — — — — — — 8:34 8:36 8:38 8:40 8:42 8:43 8:44 8:478:25 8:29 8:33 8:35 8:37 8:39 8:40 8:42 — — 8:45 8:47 8:49 8:50 8:51 8:54— — — — — — — — 8:49 8:51 8:53 8:55 8:57 8:58 8:59 9:028:40 8:44 8:48 8:50 8:52 8:54 8:55 8:57 — — 9:00 9:02 9:04 9:05 9:06 9:09— — — — — — — — 9:04 9:06 9:08 9:10 9:12 9:13 9:14 9:178:55 8:59 9:03 9:05 9:07 9:09 9:10 9:12 — — 9:15 9:17 9:19 9:20 9:21 9:24— — — — — — — — 9:19 9:21 9:23 9:25 9:27 9:28 9:29 9:329:10 9:14 9:18 9:20 9:22 9:24 9:25 9:27 — — 9:30 9:32 9:34 9:35 9:36 9:39— — — — — — — — 9:34 9:36 9:38 9:40 9:42 9:43 9:44 9:479:25 9:29 9:33 9:35 9:37 9:39 9:40 9:42 — — 9:45 9:47 9:49 9:50 9:51 9:54— — — — — — — — 9:49 9:51 9:53 9:55 9:57 9:58 9:59 10:029:40 9:44 9:48 9:50 9:52 9:54 9:55 9:57 — — 10:00 10:02 10:04 10:05 10:06 10:09— — — — — — — — 10:04 10:06 10:08 10:10 10:12 10:13 10:14 10:179:55 9:59 10:03 10:05 10:07 10:09 10:10 10:12 — — 10:15 10:17 10:19 10:20 10:21 10:24— — — — — — — — 10:19 10:21 10:23 10:25 10:27 10:28 10:29 10:32

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10:36 10:40 10:44 10:46 10:48 10:50 10:51 10:53 — — 10:56 10:58 11:00 11:01 11:02 11:05— — — — — — — — 10:58 11:00 11:02 11:04 11:06 11:07 11:08 11:11

10:48 10:52 10:56 10:58 11:00 11:02 11:03 11:05 — — 11:08 11:10 11:12 11:13 11:14 11:17— — — — — — — — 11:10 11:12 11:14 11:16 11:18 11:19 11:20 11:23

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11:12 11:16 11:20 11:22 11:24 11:26 11:27 11:29 — — 11:32 11:34 11:36 11:37 11:38 11:41— — — — — — — — 11:34 11:36 11:38 11:40 11:42 11:43 11:44 11:47

11:24 11:28 11:32 11:34 11:36 11:38 11:39 11:41 — — 11:44 11:46 11:48 11:49 11:50 11:53— — — — — — — — 11:46 11:48 11:50 11:52 11:54 11:55 11:56 11:59

Trains Scheduled Every: 12 minutes 12 minutes 6 minutes— — — — — — — — 5:58P 6:00P 6:02P 6:04P 6:06P 6:07P 6:08P 6:11P5:48P 5:52P 5:56P 5:58P 6:00P 6:02P 6:03P 6:05P — — 6:08 6:10 6:12 6:13 6:14 6:17— — — — — — — — 6:10 6:12 6:14 6:16 6:18 6:19 6:20 6:236:00 6:04 6:08 6:10 6:12 6:14 6:15 6:17 — — 6:20 6:22 6:24 6:25 6:26 6:29— — — — — — — — 6:22 6:24 6:26 6:28 6:30 6:31 6:32 6:356:12 6:16 6:20 6:22 6:24 6:26 6:27 6:29 — — 6:32 6:34 6:36 6:37 6:38 6:41— — — — — — — — 6:34 6:36 6:38 6:40 6:42 6:43 6:44 6:476:24 6:28 6:32 6:34 6:36 6:38 6:39 6:41 — — 6:44 6:46 6:48 6:49 6:50 6:53— — — — — — — — 6:46 6:48 6:50 6:52 6:54 6:55 6:56 6:596:36 6:40 6:44 6:46 6:48 6:50 6:51 6:53 — — 6:56 6:58 7:00 7:01 7:02 7:05— — — — — — — — 6:58 7:00 7:02 7:04 7:06 7:07 7:08 7:116:49 6:53 6:57 6:59 7:01 7:03 7:04 7:06 — — 7:09 7:11 7:13 7:14 7:15 7:18— — — — — — — — 7:12 7:14 7:16 7:18 7:20 7:21 7:22 7:257:03 7:07 7:11 7:13 7:15 7:17 7:18 7:20 — — 7:23 7:25 7:27 7:28 7:29 7:32— — — — — — — — 7:26 7:28 7:30 7:32 7:34 7:35 7:36 7:397:17 7:21 7:25 7:27 7:29 7:31 7:32 7:34 — — 7:37 7:39 7:41 7:42 7:43 7:46— — — — — — — — 7:40 7:42 7:44 7:46 7:48 7:49 7:50 7:537:31 7:35 7:39 7:41 7:43 7:45 7:46 7:48 — — 7:51 7:53 7:55 7:56 7:57 8:00— — — — — — — — 7:55 7:57 7:59 8:01 8:03 8:04 8:05 8:087:43 7:47 7:51 7:53 7:55 7:57 7:58 8:00 — — 8:03 8:05 8:07 8:08 8:09 8:12— — — — — — — — 8:08 8:10 8:12 8:14 8:16 8:17 8:18 8:217:55 7:59 8:03 8:05 8:07 8:09 8:10 8:12 — — 8:15 8:17 8:19 8:20 8:21 8:248:02 8:06 8:10 8:12 8:14 8:16 8:17 8:19 — — 8:22 8:24 8:26 8:27 8:28 8:318:09 8:13 8:17 8:19 8:21 8:23 8:24 8:26 — — 8:29 8:31 8:33 8:34 8:35 8:38— — — — — — — — 8:28 8:30 8:32 8:34 8:36 8:37 8:38 8:418:22 8:26 8:30 8:32 8:34 8:36 8:37 8:39 — — 8:42 8:44 8:46 8:47 8:48 8:51— — — — — — — — 8:48 8:50 8:52 8:54 8:56 8:57 8:58 9:018:42 8:46 8:50 8:52 8:54 8:56 8:57 8:59 — — 9:02 9:04 9:06 9:07 9:08 9:11— — — — — — — — 9:08 9:10 9:12 9:14 9:16 9:17 9:18 9:219:02 9:06 9:10 9:12 9:14 9:16 9:17 9:19 — — 9:22 9:24 9:26 9:27 9:28 9:31

Trains Scheduled Every: 20 minutes 20 minutes 10 minutes All service after 9:00PM is subject to minor delays for system maintenance. Todo servicio después de las 9:00PM es sujeto a retrasos menores para mantenencia a la sistema.

— — — — — — — — 12:28A 12:30A 12:32A 12:34A 12:36A 12:37A 12:38A 12:41A12:22A 12:26A 12:30A 12:32A 12:34A 12:36A 12:37A 12:39A — — 12:42 12:44 12:46 12:47 12:48 12:5112:42 12:46 12:50 12:52 12:54 12:56 12:57 12:59 — — 1:02 1:04 1:06 1:07 1:08 1:11

1:02 1:06 1:10 1:12 1:14 1:16 1:17 1:19 — — 1:22 1:24 1:26 1:27 1:28 1:31

See Friday Late Night and Saturday Late Night Only

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4:10A 4:12A 4:13A 4:15A 4:17A 4:19A — — 4:21A 4:23A 4:24A 4:26A 4:29A 4:31A 4:35A 4:39A4:30 4:32 4:33 4:35 4:37 4:39 — — 4:41 4:43 4:44 4:46 4:49 4:51 4:55 4:594:45 4:47 4:48 4:50 4:52 4:54 — — 4:56 4:58 4:59 5:01 5:04 5:06 5:10 5:144:56 4:58 4:59 5:01 5:03 5:05 5:07A 5:09A — — — — — — — —5:00 5:02 5:03 5:05 5:07 5:09 — — 5:11 5:13 5:14 5:16 5:19 5:21 5:25 5:295:12 5:14 5:15 5:17 5:19 5:21 — — 5:23 5:25 5:26 5:28 5:31 5:33 5:37 5:415:17 5:19 5:20 5:22 5:24 5:26 5:28 5:30 — — — — — — — —5:25 5:27 5:28 5:30 5:32 5:34 — — 5:36 5:38 5:39 5:41 5:44 5:46 5:50 5:545:32 5:34 5:35 5:37 5:39 5:41 5:43 5:45 — — — — — — — —5:40 5:42 5:43 5:45 5:47 5:49 — — 5:51 5:53 5:54 5:56 5:59 6:01 6:05 6:095:47 5:49 5:50 5:52 5:54 5:56 5:58 6:00 — — — — — — — —5:55 5:57 5:58 6:00 6:02 6:04 — — 6:06 6:08 6:09 6:11 6:14 6:16 6:20 6:246:02 6:04 6:05 6:07 6:09 6:11 6:13 6:15 — — — — — — — —6:10 6:12 6:13 6:15 6:17 6:19 — — 6:21 6:23 6:24 6:26 6:29 6:31 6:35 6:396:17 6:19 6:20 6:22 6:24 6:26 6:28 6:30 — — — — — — — —6:25 6:27 6:28 6:30 6:32 6:34 — — 6:36 6:38 6:39 6:41 6:44 6:46 6:50 6:546:32 6:34 6:35 6:37 6:39 6:41 6:43 6:45 — — — — — — — —6:40 6:42 6:43 6:45 6:47 6:49 — — 6:51 6:53 6:54 6:56 6:59 7:01 7:05 7:096:47 6:49 6:50 6:52 6:54 6:56 6:58 7:00 — — — — — — — —6:55 6:57 6:58 7:00 7:02 7:04 — — 7:06 7:08 7:09 7:11 7:14 7:16 7:20 7:247:02 7:04 7:05 7:07 7:09 7:11 7:13 7:15 — — — — — — — —7:10 7:12 7:13 7:15 7:17 7:19 — — 7:21 7:23 7:24 7:26 7:29 7:31 7:35 7:397:17 7:19 7:20 7:22 7:24 7:26 7:28 7:30 — — — — — — — —7:25 7:27 7:28 7:30 7:32 7:34 — — 7:36 7:38 7:39 7:41 7:44 7:46 7:50 7:547:32 7:34 7:35 7:37 7:39 7:41 7:43 7:45 — — — — — — — —7:40 7:42 7:43 7:45 7:47 7:49 — — 7:51 7:53 7:54 7:56 7:59 8:01 8:05 8:097:47 7:49 7:50 7:52 7:54 7:56 7:58 8:00 — — — — — — — —7:55 7:57 7:58 8:00 8:02 8:04 — — 8:06 8:08 8:09 8:11 8:14 8:16 8:20 8:248:02 8:04 8:05 8:07 8:09 8:11 8:13 8:15 — — — — — — — —8:10 8:12 8:13 8:15 8:17 8:19 — — 8:21 8:23 8:24 8:26 8:29 8:31 8:35 8:398:17 8:19 8:20 8:22 8:24 8:26 8:28 8:30 — — — — — — — —8:25 8:27 8:28 8:30 8:32 8:34 — — 8:36 8:38 8:39 8:41 8:44 8:46 8:50 8:548:32 8:34 8:35 8:37 8:39 8:41 8:43 8:45 — — — — — — — —8:40 8:42 8:43 8:45 8:47 8:49 — — 8:51 8:53 8:54 8:56 8:59 9:01 9:05 9:098:47 8:49 8:50 8:52 8:54 8:56 8:58 9:00 — — — — — — — —8:55 8:57 8:58 9:00 9:02 9:04 — — 9:06 9:08 9:09 9:11 9:14 9:16 9:20 9:249:02 9:04 9:05 9:07 9:09 9:11 9:13 9:15 — — — — — — — —9:10 9:12 9:13 9:15 9:17 9:19 — — 9:21 9:23 9:24 9:26 9:29 9:31 9:35 9:399:17 9:19 9:20 9:22 9:24 9:26 9:28 9:30 — — — — — — — —9:25 9:27 9:28 9:30 9:32 9:34 — — 9:36 9:38 9:39 9:41 9:44 9:46 9:50 9:549:32 9:34 9:35 9:37 9:39 9:41 9:43 9:45 — — — — — — — —9:39 9:41 9:42 9:44 9:46 9:48 — — 9:50 9:52 9:53 9:55 9:58 10:00 10:04 10:089:46 9:48 9:49 9:51 9:53 9:55 9:57 9:59 — — — — — — — —9:53 9:55 9:56 9:58 10:00 10:02 — — 10:04 10:06 10:07 10:09 10:12 10:14 10:18 10:22

10:00 10:02 10:03 10:05 10:07 10:09 10:11 10:13 — — — — — — — —10:07 10:09 10:10 10:12 10:14 10:16 — — 10:18 10:20 10:21 10:23 10:26 10:28 10:32 10:3610:14 10:16 10:17 10:19 10:21 10:23 10:25 10:27 — — — — — — — —10:21 10:23 10:24 10:26 10:28 10:30 — — 10:32 10:34 10:35 10:37 10:40 10:42 10:46 10:5010:28 10:30 10:31 10:33 10:35 10:37 10:39 10:41 — — — — — — — —10:35 10:37 10:38 10:40 10:42 10:44 — — 10:46 10:48 10:49 10:51 10:54 10:56 11:00 11:0410:42 10:44 10:45 10:47 10:49 10:51 10:53 10:55 — — — — — — — —10:48 10:50 10:51 10:53 10:55 10:57 — — 10:59 11:01 11:02 11:04 11:07 11:09 11:13 11:1710:54 10:56 10:57 10:59 11:01 11:03 11:05 11:07 — — — — — — — —11:00 11:02 11:03 11:05 11:07 11:09 — — 11:11 11:13 11:14 11:16 11:19 11:21 11:25 11:2911:06 11:08 11:09 11:11 11:13 11:15 11:17 11:19 — — — — — — — —11:12 11:14 11:15 11:17 11:19 11:21 — — 11:23 11:25 11:26 11:28 11:31 11:33 11:37 11:4111:18 11:20 11:21 11:23 11:25 11:27 11:29 11:31 — — — — — — — —11:24 11:26 11:27 11:29 11:31 11:33 — — 11:35 11:37 11:38 11:40 11:43 11:45 11:49 11:5311:30 11:32 11:33 11:35 11:37 11:39 11:41 11:43 — — — — — — — —11:36 11:38 11:39 11:41 11:43 11:45 — — 11:47 11:49 11:50 11:52 11:55 11:57 12:01P 12:05P11:42 11:44 11:45 11:47 11:49 11:51 11:53 11:55 — — — — — — — —11:48 11:50 11:51 11:53 11:55 11:57 — — 11:59 12:01P 12:02P 12:04P 12:07P 12:09P 12:13 12:1711:54 11:56 11:57 11:59 12:01P 12:03P 12:05P 12:07P — — — — — — — —11:59 12:02P 12:03P 12:05P 12:07 12:09 — — 12:11P 12:13 12:14 12:16 12:19 12:21 12:25 12:2912:06P 12:08 12:09 12:11 12:13 12:15 12:17 12:19 — — — — — — — —

Trains Scheduled Every: 6 minutes 12 minutes 12 minutes5:18 5:20 5:21 5:23 5:25 5:27 5:29 5:31 — — — — — — — —5:24 5:26 5:27 5:29 5:31 5:33 — — 5:35 5:37 5:38 5:40 5:43 5:45 5:49 5:535:30 5:32 5:33 5:35 5:37 5:39 5:41 5:43 — — — — — — — —5:36 5:38 5:39 5:41 5:43 5:45 — — 5:47 5:49 5:50 5:52 5:55 5:57 6:01 6:055:42 5:44 5:45 5:47 5:49 5:51 5:53 5:55 — — — — — — — —5:48 5:50 5:51 5:53 5:55 5:57 — — 5:59 6:01 6:02 6:04 6:07 6:09 6:13 6:175:54 5:56 5:57 5:59 6:01 6:03 6:05 6:07 — — — — — — — —6:00 6:02 6:03 6:05 6:07 6:09 — — 6:11 6:13 6:14 6:16 6:19 6:21 6:25 6:296:06 6:08 6:09 6:11 6:13 6:15 6:17 6:19 — — — — — — — —6:12 6:14 6:15 6:17 6:19 6:21 — — 6:23 6:25 6:26 6:28 6:31 6:33 6:37 6:416:18 6:20 6:21 6:23 6:25 6:27 6:29 6:31 — — — — — — — —6:24 6:26 6:27 6:29 6:31 6:33 — — 6:35 6:37 6:38 6:40 6:43 6:45 6:49 6:536:30 6:32 6:33 6:35 6:37 6:39 6:41 6:43 — — — — — — — —6:36 6:38 6:39 6:41 6:43 6:45 — — 6:47 6:49 6:50 6:52 6:55 6:57 7:01 7:056:43 6:45 6:46 6:48 6:50 6:52 6:54 6:56 — — — — — — — —6:50 6:52 6:53 6:55 6:57 6:59 — — 7:01 7:03 7:04 7:06 7:09 7:11 7:15 7:196:57 6:59 7:00 7:02 7:04 7:06 7:08 7:10 — — — — — — — —7:04 7:06 7:07 7:09 7:11 7:13 — — 7:15 7:17 7:18 7:20 7:23 7:25 7:29 7:337:10 7:12 7:13 7:15 7:17 7:19 7:21 7:23 — — — — — — — —7:16 7:18 7:19 7:21 7:23 7:25 — — 7:27 7:29 7:30 7:32 7:35 7:37 7:41 7:457:23 7:25 7:26 7:28 7:30 7:32 7:34 7:36 — — — — — — — —7:29 7:31 7:32 7:34 7:36 7:38 — — 7:40 7:42 7:43 7:45 7:48 7:50 7:54 7:587:36 7:38 7:39 7:41 7:43 7:45 7:47 7:49 — — — — — — — —7:43 7:45 7:46 7:48 7:50 7:52 — — 7:54 7:56 7:57 7:59 8:02 8:04 8:08 8:127:50 7:52 7:53 7:55 7:57 7:59 8:01 8:03 — — — — — — — —8:01 8:03 8:04 8:06 8:08 8:10 — — 8:12 8:14 8:15 8:17 8:20 8:22 8:26 8:308:11 8:13 8:14 8:16 8:18 8:20 8:22 8:24 — — — — — — — —8:21 8:23 8:24 8:26 8:28 8:30 — — 8:32 8:34 8:35 8:37 8:40 8:42 8:46 8:508:31 8:33 8:34 8:36 8:38 8:40 8:42 8:44 — — — — — — — —8:41 8:43 8:44 8:46 8:48 8:50 — — 8:52 8:54 8:55 8:57 9:00 9:02 9:06 9:108:51 8:53 8:54 8:56 8:58 9:00 9:02 9:04 — — — — — — — —

Trains Scheduled Every: 10 minutes 20 minutes 20 minutes All service after 9:00PM is subject to minor delays for system maintenance. Todo servicio después de las 9:00PM es sujeto a retrasos menores para mantenencia a la sistema.

12:01A 12:03A 12:04A 12:06A 12:08A 12:10A — — 12:12A 12:14A 12:15A 12:17A 12:20A 12:22A 12:26A 12:30A12:11 12:13 12:14 12:16 12:18 12:20 12:22A 12:24A — — — — — — — —12:21 12:23 12:24 12:26 12:28 12:30 — — 12:32 12:34 12:35 12:37 12:40 12:42 12:46 12:50

See Friday Late Night and Saturday Late Night Only

101

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Riverside Dr

Moorpark St

Lankershim Bl

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Cahuenga Bl East

Riverside Dr

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6th St

3rd St

Beverly Bl

Santa Monica Bl

Melrose Av

Franklin Av

Los Feliz Bl

Sunset Bl

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7th St

8th St

7th St8th StJames M. Wood Bl

Olympic Bl11th St

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Pico Bl

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8th St

7th St

6th St

5th St

Main

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San

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Ala

med

a St

Vign

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6th St

3rd St

1st St

Cesar E. Chavez Av

Alpine St

Arg

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Selma Av

3rd St

Silver Lake Bl

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ont A

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Nor

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Hoo

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Flower

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4th St

2nd St

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Temple St

N Spring St

Vignes St

College St

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Olympic Bl

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DOWNTOWNLOS ANGELES

HOLLYWOOD

LOS FELIZ

HOLLYWOODHILLS

TOLUCA LAKE

UNIVERSAL CITY

NORTHHOLLYWOOD

VALLEY VILLAGE

STUDIOCITY

KOREATOWN

WESTLAKECHINATOWN

METROLINK/AMTRAK

METRO ORANGE LINE

METRO GOLD LINE

METRO BLU

E/EXP

O LINE

Westlake/MacArthur Park

Wilshire/VermontWilshire/

NormandieWilshire/Western

Hollywood/Vine

Hollywood/Highland

Vermont/Sunset

Hollywood/Western

Vermont/Santa Monica

Vermont/Beverly

Universal/Studio City

Civic Center/Grand Park

7th St/Metro Center

MAP NOTES

a Universal Studios/City Walkb John Anson Ford Theaterc Hollywood Bowld TCL Chinese Theatree Hollywood & Highlandf El Capitan Theaterg Pantages Theaterh Barnsdall Parki Kaiser LA Medical Center - Hollywoodj Children’s Hospital of Los Angelesk Queen of the Angels Hollywood Presbyterian Medical Centerl Los Angeles City Collegem Braille Instituten Wiltern Theatreo Lafayette Parkp MacAthur Parkq Good Samaritan Hospitalr Los Angeles Convention Centers Staples Centert Music Centera Los Angeles City Halla El Pueblo de Los Angelesa Patsaoura Transit Plazaa Japanese American National Museuma Disney Concert Halla Museum of Contemporary Art (MOCA)a LA County Main Jail

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CONNECTIONSROUTE MAP (All maps not to scale)

b

f hi j

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25

Pico

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2321

a

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Metro Red Line

Metro Purple Line

Metro Rail Station

Metro Blue Line

Metro Gold Line

Metro Orange Line

Metrolink/Amtrak

Map Notes

Freeway

LEGEND

East LA

Expo Line Santa Monica & Blue Line Long Beach

Warner Center &Chatsworth Stations

PershingSquare

UnionStation

Little Tokyo/Arts District

Chinatown

Cahuenga Bl West

Union Station PAID PARKINGMetro Metro Rail Gold Line; Metro Liner Silver Line; Metro Local 40, 68, 70, 71, 76

78, 79, 378, 442, 487, 489; Metro Rapid 704, 728, 733, 745, 770 Foothill Transit Silver Streak, 481, 493, 497, 498, 499, 699LADOT DASH B, D, DASH Lincoln Heights/Chinatown; Commuter Express 431, 534,

Union Station/Bunker Hill ShuttleMetrolink Antelope Valley Line, Ventura County Line, San Bernardino Line,

Riverside Line, Orange County Line, 91 LineAmtrak Pacific Surfliner, Coast Starlight, Southwest Chief, Sunset Limited/Texas

Eagle, San Joaquin Valley Bus ConnectionOther providers Antelope Valley Transit Authority 785, City of Santa Clarita Transit 794,

Orange County Transportation Authority 701, Santa Monica Big Blue Bus 10; Torrance Transit 4; LAX Flyaway

Civic CenterMetro Metro Liner 910 Silver Line, 950; Metro Local 2, 4,10, 14, 28, 30, 37, 40, 45, 48,

68, 70, 71, 76, 78, 79, 81, 83, 90, 91, 92, 94, 96, 302, 378, 442, 487, 489;Metro Rapid 728, 733, 745, 770, 794

Foothill Transit Silver Streak, 493, 495, 497, 498, 499, 699LADOT DASH A, B, D; Commuter Express 409, 419, 422, 423, 431, 437, 438, 448, 534Other Providers Antelope Valley Transit Authority 785; City of Santa Clarita Transit 799;

Montebello Bus Line 90 Express; Santa Monica Big Blue Bus Rapid 10; Torrance Transit 4

Pershing SquareMetro Metro Liner 910 Silver Line, 950 (northbound only); Metro Local 2, 4, 10, 14,

16, 17, 18, 28, 30, 33, 37, 38, 40, 45, 48, 53, 55, 62, 68, 70, 71, 76, 78, 79, 81, 83, 90, 91, 92, 94, 96, 302, 316, 378, 442 (northbound only), 460, 487, 489; Metro Rapid 720, 728, 733, 745, 770, 794

Foothill Transit Silver StreakLADOT DASH B, D; Commuter Express 419Other Providers Montebello Bus Lines 40, 50, 90 Express; Orange County Transportation

Authority 701, 721; Torrance Transit 4 (northbound only)7th Street/Metro CenterMetro Metro Rail Blue Line; Metro Rail Expo Line, Metro Liner 910 Silver Line,

950; Metro Local 14, 16, 17, 18, 20, 37, 51, 52, 60, 62, 66, 76, 78, 79, 81, 316, 351, 378, 442, 460, 487, 489; Metro Rapid 720, 760; Metro Express 450X

Foothill Transit Silver Streak, 493, 495, 497, 498, 499, 699LADOT DASH A, B, E, F, Commuter Express 409, 422, 423, 431, 437, 438, 448, 534Other Providers Antelope Valley Transit Authority 785; City of Santa Clarita Transit 799;

Montebello Bus Lines 40, 50, 90 Express; Orange County Transportation Authority 701, 721; Santa Monica Big Blue Bus 10; Torrance Transit 4

Westlake/MacArthur ParkMetro Metro Local 18, 20, 51, 52, 200, 351, 487, 489, 603; Metro Rapid 720Other providers Foothill Transit 481; LADOT DASH Pico Union/Echo ParkWilshire/VermontMetro Metro Local 18, 20, 51, 52, 201, 204, 351; Metro Rapid 720, 754Other providers Foothill Transit 481; LADOT DASH Wilshire Center/KoreatownWilshire/NormandieMetro Metro Local 18, 20, 206; Metro Rapid 720Foothill Transit 481Wilshire/WesternMetro Metro Local 18, 20, 66, 207, 209; Metro Rapid 710, 720, 757Other providers Foothill Transit 481; LADOT DASH Wilshire Center/Koreatown, DASH

Hollywood/Wilshire; Santa Monica Big Blue Bus Rapid 7Vermont/BeverlyMetro Metro Local 10, 14, 204, Metro Rapid 754Vermont/Santa MonicaMetro Metro Local 4, 204; Metro Rapid 704, 754LADOT DASH HollywoodVermont/SunsetMetro Metro Local 2, 175, 204, 206, 302; Metro Rapid 754LADOT DASH Hollywood, DASH Los Feliz, Weekend Observatory ShuttleHollywood/WesternMetro Metro Local 180, 181, 207, 217; Metro Rapid 757, 780Hollywood/VineMetro Metro Local 180, 181, 210, 212, 217, 222; Metro Rapid 780LADOT DASH Beachwood Canyon, DASH Hollywood, DASH Hollywood/WilshireHollywood/HighlandMetro Metro Local 212, 217, 222, 237, 312, 656; Metro Rapid 780LADOT DASH HollywoodUniversal City Metro Metro Local 150, 155, 224, 237, 240, 656; Metro Rapid 750Other providers Universal Studios/Citywalk Shuttle North Hollywood Metro Metro Orange Line; Metro Local 152, 154, 162, 183, 224, 237, 353, 501,

656 (Owl)

Other providers BurbankBus NoHo-Media District, NoHo-Airport; City of Santa Clarita Transit 757; LADOT Commuter Express 549

110

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110

170

Pasadena

NorthHollywood

151074

Art’s a trip.Free Metro Rail Art Tours are o=ered the >rst Thursday, Saturday and Sunday of each month. Call 213.922.2738.

Please be courteous to other passengers and avoid blocking doors and aisles.

Taking your bike on the train?

Exceptional Access To Transportation And Executive HousingWith a neighborhood walkability score of 97, tenants have everything they need at their fingertips, from top-rated dining to best-in-class retail. The Hollywood/Highland metro stop lies just 2 blocks south of the Property, providing direct access to the southern terminus of Downtown LA, and the northern terminus of North Hollywood. The Property is also located at the gateway of the 101 Freeway, one of the main arteries in and out of Hollywood. This ideal location provides convenient access for employees coming from all parts of Los Angeles, ranging from Downtown LA to the San Fernando Valley to the Westside.

METRO LINE

0.3 miles away (137K daily riders)

HIGHWAY 101

0.9 miles away (279K Cars Per Day)

ESSEX HOLLYWOOD

1.2 miles away

EL CENTRO

1.0 miles away

ARGYLE HOUSE

0.9 miles away

THE CAMDEN

1.1 miles away

THE RISE HOLLYWOOD

1.2 miles away

THE 5550

1.7 miles awayThe Camden

Argyle House

Essex Hollywood

The Rise Hollywood

El Centro

The 5550

N. HIGHLAND AVE.



ANDREW HARPERManaging DirectorCA License #[email protected]

MATT MCROSKEYAssociateCA License #[email protected]

MATT FISHERAnalystCA License #[email protected]

TODD SUGIMOTOManaging DirectorCA License #[email protected]

STEVEN PASKOVERDirectorCA License #[email protected]

LOS ANGELES10250 Constellation Blvd Suite 1000

Los Angeles, CA 90067310.407.2100

Financing by

Presented by

©2018 Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 25 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.

HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses, and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.

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N. HIGHLAND AVE.HOLLYWOOD | CALIFORNIA

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