August 2016

MEDIA CONTACTS:

Lynn Hancock or Ania Czarnecka Ward lhancock@wardcc.com or aczarnecka@wardcc.com 713.869.0707 www.wardcc.com

PRESS KIT TABLE OF CONTENTS

About Springwoods Village

Current Status of Springwoods Village

Fact Sheet

Executive Biographies

Frequently Asked Questions

Home Builders

Renderings and Photos of Springwoods Village

Recent Press Releases

ABOUT SPRINGWOODS VILLAGE

Springwoods Village is a 1,800-acre, mixed-use community 20 miles north of downtown Houston designed

to combine preservation of the existing ecosystem and a walkable, urban environment, with easy access

to jobs, retail, entertainment and nature, while instituting high sustainability standards on all residential

and commercial construction – an approach never before used in master-planned communities located in

and around the Houston area. At build-out, the community will serve up to 50,000 workers and residents

through diverse housing options and amenities that balance nature and urbanism.

The existing forest and Spring Creek ecosystems are protected and preserved throughout the construction

phase, using best practices in sustainable design and infrastructure. The community is directly connected

through the Springwoods Village Nature Preserve to the Spring Creek Greenway, Houston’s premier

regional greenway system, providing the Springwoods Village community with access to 46 miles of

continuous trails, recreation and natural ecosystems.

The community is a short drive to Bush Intercontinental Airport. Bordering the east side of the property,

I-45 provides convenient access to The Woodlands and downtown Houston. The Grand Parkway segments

F1, F2 and G, opened in early 2016, created a new Springwoods Village interchange on the southern edge

of the community to provide access to destinations west and east of Springwoods Village.

CURRENT STATUS OF SPRINGWOODS VILLAGE

CityPlace

In July 2014, detailed plans for CityPlace were announced. The development will include more than 4

million square feet of office space, 400,000 square feet of retail, a high-end apartment community, dining

and other entertainment options at built-out.

Fein began construction on its second multifamily community in Springwoods Village, The Mark at

CityPlace, in Springwoods Village in July 2015, with completion scheduled for end of 2016. Plans also call

for a full-service hotel, with the groundbreaking expected for 2016 and completion in 2018. Details on

retailers and restaurants in CityPlace will be announced as they become available.

Recently, the American Bureau of Shipping (ABS) signed a long-term lease in CityPlace 2, becoming the

latest employer to move its headquarters to Springwoods Village. ABS will occupy the entire office

component, with 23,700 square feet of ground floor of the mixed-use project reserved for retail tenants.

Construction on CityPlace 2 is planned to begin in early 2017 and complete in late 2018.

Residential

Phase 1 homebuilders began selling and leasing apartments and homes (The Belvedere - 342-unit

apartment building, Harper Woods - 88 single family homes and townhomes, Audubon Grove - 51 single

family homes) in spring 2014.

The first residents moved into The Belvedere Springwoods Village, a luxury apartment community in April

2014, while Harper Woods and Audubon Grove, the single-family subdivisions of Springwoods Village,

welcomed their first residents in the summer of 2014. Currently, more than 500 people are living in The

Belvedere and more than 60 families in Harper Woods and Audubon Grove. Additional homes are already

completed or currently under construction and model homes are open for visitors.

Retail

Construction on The Market at Springwoods Village has started in spring 2016. The Kroger-anchored

300,000-square-foot retail project is located at the northeast corner of Spring Stuebner and Holzwarth

Roads within the community’s urban district. Dallas-based Regency Centers is developing the project. The

170,000 square foot LEED certified Phase I is expected to open in the spring of 2017.

Construction of a Speedy Stop service station, including Mobil 1 Lube, ExxonMobil fueling station with a

convenience store, Speedy Wash, Subway and Tacos Fresco is underway, with the facilities expected to

open by November of 2016.

Hotels

Residence Inn by Marriott Springwoods Village hotel on Holzwarth Road between E. Mossy Oaks Road and

Springwoods Village Parkway opened in November 2015. The developer, Woodbine Corporation, also

started construction of the Courtyard by Marriott hotel just south of the Residence Inn in June 2015. The

hotel just opened in July 2016.

Employment

Construction at the Southwestern Energy headquarters was completed in 2014, and approximately 1,500

employees relocated to the new headquarters in December 2014. Moreover, the ExxonMobil campus was

completed in October 2015, with nearly 10,000 employees currently working in Springwoods Village.

Recently, the American Bureau of Shipping has announced it will move its global headquarters to

Springwoods Village in 2018.

Medical facilities

CHI St. Luke’s Health purchased 23 acres in Springwoods Village and in June 2014 broke ground on its

medical campus. The facility will be built in phases, with plans to expand as the community grows. The

first phase of the hospital, opened in January 2016, includes a 55,000-square-foot ambulatory medical

center that will focus on providing outpatient and preventative health care, with four inpatient beds, 10

emergency room beds, four operating suites, two endoscopy suites, full diagnostic imaging capabilities

and 100,000 square feet of medical office building space.

In addition to the initial investment for the project of $120 million, St. Luke's has committed as much as

$70 million over the next five years for further development. At build out, the hospital will have 250 beds.

The Springwoods Village Primary Care Clinic, operated by St. Luke’s Medical Group, opened in May 2015

in temporary quarters and will move into its permanent location in the main hospital building in late 2016.

Comprehensive primary care services include non-emergency care; wellness exams for infants, children

and adults; minor skin issue treatment; in-house EKG/lab collection; and more.

CHI St. Luke's Springwoods Village medical campus differs from a traditional acute-care hospital system.

It is an integrated community healthcare provider, focused on healthy living, wellness and preventative

care, bringing in physicians from across the Houston region. In addition, thanks to its partnership with

Baylor College of Medicine, St. Luke’s has specialists from the Texas Medical Center rotating through the

Springwoods Village campus.

Construction of a joint Fire and EMS Station on Springwoods Village Parkway kicked off in October 2014

and was completed in February 2016. The station is home to Spring Fire Department and Cypress Creek

EMT and complements CHI St. Luke’s medical campus.

Infrastructure

With the initial road network complete, Springwoods Village opened to the public in spring 2014. CityPlace

infrastructure construction is continuing with additional roads and underground utilities. Streetscapes and

parks are also under way and the community’s initial walking network is now complete. The bridge on

Holzwarth Road along with the expansion of Holzwarth Road to Spring Stuebner Road are complete,

connecting Springwoods Village with FM 2920. Grand Parkway segments F1 and F2 connecting Interstate

45 with U.S. 290 and the construction of segment G, connecting Interstate 45 with U.S. 59 are now

complete too.

FACT SHEET

Springwoods Village is a 1,800-acre, mixed-use community 20 miles north of downtown Houston designed

to combine preservation of the existing ecosystem and a walkable, urban environment, with easy access

to jobs, retail, entertainment and nature, while instituting high sustainability standards on all residential

and commercial construction – an approach never before used in master-planned communities located in

and around the Houston area.

At build-out, the community will serve up to 50,000 workers and residents through diverse housing

options and amenities that balance nature, urbanism and diversity.

The community is anchored by the new ExxonMobil campus and Southwestern Energy headquarters and

features a medical complex by CHI St. Luke’s Health.

CityPlace is a 60-acre, fully-integrated, mixed use development with more than four million square feet of

Class A office space located above ground floor retail, a luxury urban multifamily community and a full-

service luxury hotel.

Location

Springwoods Village is 20 miles north of downtown Houston at the intersection of I-45, the Hardy Toll

Road and the Grand Parkway. It is less than 10 miles from Bush Intercontinental Airport.

Websites – Springwoods Village: www.springwoodsvillage.com

City Place: www.cityplacespringwoods.com by Patrinely Group

Developer – CDC Houston, Inc. (a subsidiary of Coventry Development Corporation, New York)

Home Builders:

Martin Fein Interests: www.belvedereatspringwoods.com and www.themarkcityplace.com

Sullivan Brothers: www.sbbtexas.com

Taylor Morrison: www.taylormorrison.com

Design Partners

Jacobs Engineering: www.jacobs.com

Jones & Carter: www.jonescarter.com

Walter P. Moore: www.walterpmoore.com

Berg-Oliver Associates: www.bergoliver.com

Design Workshop: www.designworkshop.com

The Office of James Burnett: www.ojb.com

Clark Condon Associates: www.clarkcondon.com

DCS Engineering: www.dcs-engineering.com

Cobb, Fendley & Associates: www.cobbfendley.com

Planned Amenities

Springwoods Village offers a wide range of residential product types and price points in small scale

neighborhoods to support community walkability, diversity and to maximize choice for our residents

depending upon their life stage needs, including luxury apartments, urban-style compact housing and

single-family homes with yards. The community will have approximately 5,000 residential units at build-

out accommodating 12,000 to 15,000 residents.

Springwoods Village will be a walkable community with easy access to workplaces, lodging, shopping,

dining, parks and other natural gathering places.

The Springwoods Village Nature Preserve - a 150-acre ecologically-rich nature preserve featuring a forest

habitat, wetlands and a pond all connected to the 46-mile Spring Creek Greenway will contribute to the

beauty of the greenway and offer the Springwoods Village community environmental education,

recreational hard and soft trail access and a boat launch onto Spring Creek for kayaks and canoes.

The new Springwoods Village Parkway Interchange, an existing thoroughfare for the community, offers

ease of access to the community’s commercial and residential destinations from the Grand Parkway since

the frontage roads were completed in May 2015.

Springwoods Village will also provide recreational facilities and emergency services, with the joint EMT

and Fire station already completed.

EXECUTIVE BIOGRAPHIES

Keith Simon

Keith is Executive Vice President of CDC Houston, Inc. and the Community Development Director for

Springwoods Village. He previously worked for Design Workshop, Inc. in Denver and Caudill Rowlett Scott

in Houston, where he specialized in community planning projects ranging from 20,000-acre new

developments to 20-acre infill neighborhoods.

Keith is also the Community Development Director for the 3,500 acre RidgeGate community in Lone Tree,

CO. He serves on the boards of numerous improvement districts, residential associations, economic

development agencies and transit management associations. Keith is an honors graduate of Michigan

State University.

Warren Wilson

Warren has more than 40 years of high-profile national experience in shopping center, other commercial

real estate and master-planned communities’ development. He is a senior vice president at Coventry

Development Corporation (CDC), where he oversees the development of large-scale master-planned

communities in Texas, Colorado and Florida. Prior to joining CDC, Warren worked for two of the largest

REITs, The Rouse Company and General Growth Properties, where he was responsible for some of the

nation’s highest profile retail and master-planned community projects.

Warren graduated with honors from the University of Maryland with a bachelor’s degree in economics.

He is a board member for Enterprise Homes, a trustee for the Maryland Zoological Society (Baltimore Zoo)

and a former chairman of research for the Advisory Task Force of the Retail Marketing Society. He is also

a member of the Urban Land Institute and the District of Columbia Building Industry Association.

Bill Walker

With more than 15 years of experience, Bill Walker is a project manager for Springwoods Village. He assists

the team in the management and coordination of all construction projects for the master-planned

community.

Prior to joining the CDC Houston team, he was a project manager for Talbert and Bright, Inc.; senior

engineer and client service manager for Post, Buckley, Schuh & Jernigan; aviation department manager

for Prime Engineering Inc.; project engineer for IMDC, Inc. and KB Technologies; and a civil engineer for

Argus Consulting and Barge Waggoner Sumner & Cannon, Inc.

Bill earned a Bachelor of Science in civil engineering from the University of Tennessee at Chattanooga.

Clayton Benedict

Clayton Benedict is a project manager for Springwoods Village. In this role, he assists the Springwoods

Village development team in the management and coordination of all construction projects for the

master-planned community.

Prior to joining the CDC Houston team, he specialized in landlord and tenant improvement construction

during his time as a project manager for a third-party asset management company with a portfolio

including well-known projects such as the Houston Center and Wells Fargo Plaza.

Clayton earned a master’s degree in land and real estate development from Texas A&M University.

FREQUENTLY ASKED QUESTIONS

Q. Who is CDC Houston, Inc.?

A. CDC Houston, Inc., is a subsidiary of Coventry Development Corporation of New York and has more

than 45 years of experience creating mixed-use urban communities that foster smart and responsible

growth for commercial and residential vitality.

Q. Who owns Springwoods Village?

A. Springwoods Realty, Inc. (SRI) owns Springwoods Village.

Q. Why did CDC Houston, Inc., decide to build this development now?

A. Houston is one of the most powerful cities for commerce in the United States. Therefore, the

population and resulting commute times continue to grow. Current and future residents of the city

are demanding a newer, greener, smarter way of suburban life where work, family, and nature co-

exist in close proximity rather than via long commutes.

Q. How many homes and what type will be built?

A. A range of homes are already available, with many more planned, from luxury apartment rentals and

urban-style compact housing to single-family dwellings with yards. There will be 4,500 to 5,000

residential units at build-out, with single-family homes’ prices ranging from $100,000s to $1 million.

Q. Who is building residential properties?

A. Taylor Morrison is developing a 51-home Audubon Grove community, Sullivan Brothers Builders are

building 88 single-family homes and townhomes in Harper Woods, and Fein has completed The

Belvedere Springwoods Village multifamily community and has broken ground on its second luxury

rental property – The Mark at CityPlace Springwoods Village, in July 2015.

Q. What is the status of the corporate and residential move-ins?

A. The first ExxonMobil employees moved to the new campus in May 2014. With the construction

completed, approximately 10,000 employees currently work in Springwoods Village. Southwestern

Energy employees have also moved to their new headquarters, with approximately 1,500 employees

working in Springwoods Village since late December 2014. ABS plans to move its global headquarters

to Springwoods Village in 2018, once the construction on CityPlace 2 is complete.

Springwoods Village welcomed its first residents in May 2014 with the opening of the multifamily

community, The Belvedere. The single-family communities of Audubon Grove and Harper Woods have

seen their first move-ins in late summer 2014. More than 500 residents now call Springwoods Village

home.

Q. What is the current status of CityPlace?

A. The initial infrastructure construction, including the roads, is well underway and The Mark CityPlace

luxury apartments are scheduled to open in early 2017.

Construction on CityPlace 2 will begin in early 2017, with completion scheduled for late 2018. The

American Bureau of Shipping’s global headquarters will occupy the entire office component of the

building. CityPlace 1 is being actively preleased and can be available for occupancy in as little as 12

months.

Q. How many square feet of office and retail space will be built?

A. Preliminary projections indicate about nine million square feet of commercial space (office, retail,

medical, civic) at build-out.

Q. Which companies/employers and retail (shopping and dining) partners have been secured?

A. We will announce those agreements when they are formalized. The first phase of retail will be located

on the ground levels of The Mark at CityPlace and the two initial Class A office buildings. Additional

retail will be constructed within The Market at Springwoods Village.

Q. What is the current status of the planned medical facilities?

A. In May 2014, CHI St. Luke’s Health purchased 23 acres to develop a medical campus in Springwoods

Village. Phase 1 of CHI St. Luke’s Heath campus, opened in January 2016, includes a 55,000-square-

foot ambulatory medical center focusing on outpatient and preventative health care, with four

inpatient beds, 10 emergency room beds, four operating suites, two endoscopy suites, full diagnostic

imaging capabilities and 100,000 square feet of medical office building space.

The size, scope and timing of the additional medical facilities are still to be determined, depending on

the needs of the growing community, but the project’s long-term master plan includes a 300-bed

hospital and more than 600,000 square feet of medical office space.

Q. Which hotel brands have been secured for development on the property?

A. Woodbine Development and Intermountain Management opened the Residence Inn by Marriott

Springwoods Village in November 2015 and the Courtyard by Marriott has just opened in July 2016.

Woodbine will develop up to two additional hotels in Springwoods Village, including a full-service hotel

in CityPlace. Additional agreements will be announced when they are formalized.

Q. What types of recreation will the development include?

A. Forty-six miles of trails plus recreation facilities including a boat launch and natural ecosystems in the

Spring Creek Greenway will be accessible to the Springwoods Village community and its visitors. In

addition to the 150-acre Springwoods Village Nature Preserve, over 290 acres of publicly accessible

parks with six park corridors will be available. Spring Grove Park will be the primary amenity park for

the community and will include a dog park and walking trails.

Q. What makes Springwoods Village sustainable?

A. Springwoods Village is a mixed-use community designed to combine preservation of the existing

ecosystem and a walkable, urban environment with easy access to jobs, retail, entertainment and

nature, while instituting high sustainability standards on all residential and commercial construction –

an approach never before used in master-planned communities located in and around the Houston

area.

A network of bike paths and walking trails will connect all areas of Springwoods Village with its

neighbors, helping reduce traffic and fostering a sense of community. In addition, all development

within Springwoods Village is required to comply with a rigorous set of design standards aimed at

maximizing energy and resource conservation.

The master plan uses a holistic environmental approach that identifies environmentally sensitive

habitats as well as preserves and enhances open spaces. CDC Houston, in partnership with Trees for

Houston and Clark Condon Associates, has created a comprehensive sustainable landscaping program

for Springwoods Village including a 14-acre tree farm to supplement park and roadway plantings, LED

street lighting, reclaimed water from the Springwoods Village Wastewater Plant for non-potable uses

and native plants and soils to create regenerative landscaping for parks and streetscapes capable of

self-maintenance and low-water consumption.

Q. What is the expected cost of the development?

A. The cost is estimated at $10 billion.

Q. How many jobs will this development create?

A. The local economy will benefit due to job creation. The community is expected to serve a workforce

of 35,000 to 50,000 employees at build-out. Further, continued construction over the next 15 years is

expected to provide tens of thousands of jobs.

Q. How does the 381 agreement between CDC Houston and Harris County Improvement District 18

work?

A. Springwoods Village is owned by Springwoods Realty, with CDC Houston managing and developing the

land on the firm’s behalf. Springwoods Realty will front the cost of infrastructure improvements in the

area, funneling that money through Harris County Improvement District 18. The district is an

independent entity capable of issuing bonds and levying taxes. As the area within the district develops,

those buildings will generate property tax revenue for the county. Under the 381 agreement, the

county will reimburse 65 percent of the new tax revenue each year back to the improvement district.

Springwoods Realty will then be reimbursed through a financing agreement it has with the

improvement district.

HOME BUILDERS

FEIN - THE BELVEDERE

Opened in May 2014, The Belvedere at Springwoods Village is a four-story luxury multifamily community

located just a short walk from the ExxonMobil campus. It occupies just over six acres. The community

has achieved a National Association of Home Builders’ Green “Bronze Level” certification, thanks to

features such as dual-pane low-emissive glass windows, energy efficient AC/heating systems and door

step recycling collection. Residents enjoy convenient access to their cars as the project surrounds a

multi-level cast in place concrete parking garage.

The Belvedere offers a variety of homes, from efficiencies to three-bedroom apartments, and common

amenities such as a two-level clubhouse including fitness facilities with yoga and Pilates studio, library,

conference rooms and game rooms. In addition, residents enjoy a nature inspired courtyard with large

pond, willow trees, and seating areas; a resort style heated pool and spa with poolside cabanas; and a

boardwalk overlooking the adjacent natural wetlands. Interior unit amenities include wood-style flooring,

hard-surface countertops, designer tile backsplashes, custom cabinets, under-cabinet lighting, GE

stainless steel appliances, and full-size washers and dryers.

The community was recently in 2015 with the Honor Award by the Houston Apartment Association.

SULLIVAN BROTHERS BUILDERS - HARPER WOODS

Houston-based Sullivan Brothers Builders (SBB) is building Harper Woods, is a 16-acre community located

in the heart of Springwoods Village that will feature 88 homes - townhomes and small single-family homes

priced from 400,000s to 600,000s for floor plans ranging from 1,600 square feet to 3,000 square feet.

Harper Woods features front porch living at its finest and beautifully blends classic craftsmanship and

architectural details with the modern conveniences including operable exterior shutters, antique brick,

beaded porch ceilings along with efficient LEED Gold certified building practices that feature tankless

water heaters, reclaimed oak flooring and EnergyGuard spray foam insulation.

Harper Woods namesake – Bob Harper – served to protect and manage the timberlands of what is now

Springwoods Village for decades. It was his dedication to the land and its natural beauty that made the

community possible and ensures a lush, natural surrounding will live on while progress abounds.

.

TAYLOR MORRISON - AUDUBON GROVE

Taylor Morrison was selected to build Audubon Grove, a secluded collection of 51 single family luxury

homes starting in the high $400s on large lots, nestled in the forest near the Springwoods Village Nature

Preserve, with the ExxonMobil campus located to the northeast and CityPlace to the east.

Every home Taylor Morrison builds within Springwoods Village is LEED certified. Seven floor plans, ranging

from approximately 3,190 square feet to 5,473 square feet, offer plenty of living space, with up to seven

bedrooms and five baths available.

The Maplebrook model home in Springwoods Village is open to visitors daily. The two-story home offers

approximately 5,149 square feet of living space with five bedrooms and 3.5 baths as well as a large family

room, formal living room and dining room.

With more than 100 years in business, Taylor Morrison is currently constructing communities in Arizona,

California, Colorado, Florida, and Texas.

SPRINGWOODS VILLAGE PHOTOS AND RENDERINGS

General Photos (Courtesy of CDC Houston)

Master Plan Fire & EMS Station The Mark at CityPlace The Market at Springwoods Village

CityPlace Renderings (Courtesy of Patrinely Group)

CityPlace 2 CityPlace 2 CityPlace 1 CityPlace 1

CityPlace General View CityPlace General View CityPlace General View CityPlace Mixed Use Map

Residential Development – Harper Woods (Courtesy of Sullivan Brothers Builders)

Red Harper Drive Red Harper Drive Patio Red Harper Drive

Red Harper Drive Harper Woods – Bathroom Harper Woods – Bathroom Harper Woods – Living Area

Harper Woods – Kitchen Harper Woods Living Area Harper Woods – Dining Harper Woods

Residential Development – Audubon Grove (Courtesy of Taylor Morrison)

Audubon Grove Model Audubon Grove Dining Audubon Grove Bath Audubon Grove Patio

Audubon Grove Master Bed Audubon Grove Media Room Audubon Grove Study/Playroom Audubon Grove Sitting Room

Audubon Grove Study Audubon Grove Living Room Audubon Grove Bedroom Audubon Grove Living Area

Residential Development – The Belvedere at Springwoods Village (Courtesy of Fein)

The Belvedere Pool The Belvedere Pool Area The Belvedere Library The Belvedere Fitness Club

The Belvedere Study The Belvedere Bath The Belvedere Master Bed The Belvedere Living Room

The Belvedere Bedroom The Belvedere Living Area The Belvedere Living Room The Belvedere Kitchen

Nature and Recreation (Courtesy of CDC Houston)

Spring Grove Park Spring Grove Park Native Landscaping Native Landscaping

SWV Nature Preserve SWV Trails SWV Nature Preserve Tree Farm

Hotels (Courtesy of Woodbine Development)

Marriott Residence Inn Courtyard by Marriott Marriott Residence Inn

For Springwoods Village logos, additional photos and renderings or higher resolution images please contact: Lauren Varner or Betsy Bartholomew lauren@launchadvertising.com or betsy@launchadvertising.com

2016 PRESS RELEASES*

*additional press releases can be found here

Courtyard by Marriott Houston Springwoods Village, Texas Opens

SPRING, Texas - July 29, 2016 - Woodbine Development Corporation and InterMountain Management

are pleased to announce the opening of a new 125-room Courtyard by Marriott in Spring, Texas. The hotel

is located in the new community of Springwoods Village, a 2,000-acre planned community situated just

south of The Woodlands and 20 miles north of downtown Houston.

"We are very happy to have completed Courtyard by Marriott, our second project in Springwoods Village,"

said King Scovell, Woodbine's vice president of development. "It's been rewarding to be an integral part

of the development of this unique community.

Located next to the Residence Inn Houston Springwoods Village in City Place, the Courtyard is a convenient

location for ExxonMobil, Southwestern Energy, Deloitte, Accenture and CHI St. Luke's hospital travelers

alike. The tech-enabled rooms provide the necessary amenities for the corporate traveler to get work

done, and the hybrid design offers a seamless transition from work to relaxation. The modern lobby

provides ample space to relax and socialize in a visually stimulating atmosphere and Includes media pods,

complimentary WiFi and a variety of seating zones. The hotel's Bistro Restaurant is the first restaurant in

Springwoods Village. It is open for breakfast and dinner and offers a full bar during dinner. The four-story

hotel also features a heated outdoor saline pool, fitness center and 1,000 sq. ft. of meeting space to

accommodate functions of up to 45 people.

"We are excited to introduce our beautifully-designed Courtyard to the rapidly growing Springwoods

Village area," said General Manager Melanie Sutton. "Our skilled and friendly staff looks forward to serving

our guests and the community at our Bistro, which offers you the opportunity to eat, drink, and connect."

Springwoods Village is a $10 billion, 1,800 acre sustainable master-planned community coming to life in

Spring, Texas, just south of The Woodlands and 20 miles north of downtown Houston. Located at the

confluence of I-45, the Hardy Toll Road, and the Grand Parkway, the nature-inspired residential and

commercial community will provide diverse housing options, civic facilities, outdoor recreation and a 60-

acre CityPlace with office space, shopping, dining and lodging in an urban, walkable environment.

"Thanks to the ExxonMobil campus, Southwestern Energy's headquarters and CHI St. Luke's hospital,

Springwoods Village has become a significant employment center in the north Harris County, stimulating

a new hotel submarket in the area," said Keith Simon, executive vice president of CDC Houston. "Courtyard

by Marriott is the second hotel in our community, reflecting our strategy to provide a range of hotel

properties at different price points and with different levels of service, all within a walking distance to

work, dining, retail and recreation facilities."

About Woodbine Development Corporation

Woodbine is a 40-year-old, full-service real estate company focused on development, investment/acquisition and

asset management opportunities across the United States. The company specializes in hotels, resorts and golf

courses; multiuse land and mixed-use developments; and real estate services provided to corporations, non-profit

organizations and individuals. Woodbine has been involved with more than $2 billion in commercial real estate

projects, including development, ownership and/or asset management of more than 6,500 hotel rooms, 18,000

acres of land and 126 holes of championship golf. To learn more, visit: www.woodbinedevelopment.com.

About InterMountain

As one of North America's largest hotel management and development companies, InterMountain Management

specializes in the select-service and extended-stay hotel segments. For over 30 years, InterMountain Management's

dedication to success is proven in the results as a hotel owner, management company and hotel developer. They

currently own and/or manage approximately 60 premium branded hotels nationwide, with an additional 30 in their

pipeline. For more information, or to view hotel locations across the U.S., visit their website at

www.intermountainhotels.com.

About Courtyard by Marriott

The Courtyard by Marriott brand features hotels with a refreshing environment that helps guests stay connected,

productive and balanced while traveling. Intuitive services and design accommodate guests' desire for choice and

control and allow them to use the public space and guest rooms to meet all of their needs while on the road. With

more than 1,000 locations in more than 40 countries, Courtyard has more locations than any other Marriott

International brand. For information and reservations, visit www.marriott.com/houxp.

About CDC Houston

CDC Houston, Inc. (a subsidiary of Coventry Development Corporation (New York)) is an experienced land developer

with expertise in creating mixed-use urban communities that foster smart and responsible growth for commercial

and residential vitality. Coventry has provided development services for mixed-use projects in New York, Colorado,

Texas and Guam over its 45-year history. In 2001, the company launched RidgeGate, also a sustainable, mixed-use

community, in Lone Tree, Colorado which consists of 3,500 acres. For more information on CDC Houston, Inc.'s

latest project, Springwoods Village, please visit: www.springwoodsvillage.com and connect on Facebook and

Twitter.

New Headquarters Announced for CityPlace Springwoods Village: CityPlace is the New

Home of ABS and ABS Group of Companies, Inc.

HOUSTON, TX, May 24, 2016 — The master development venture for CityPlace, comprising Patrinely Group, USAA Real Estate Company and CDC Houston, announced today that American Bureau of Shipping (ABS) has signed a long-term lease in CityPlace 2, becoming the latest major employer to move its global headquarters to Springwoods Village. CityPlace is a 60-acre fully-integrated, mixed-use development that will provide the Houston community with a new destination of choice that integrates working, shopping and living, and will include 4 million square feet of Class A office space with 400,000 square feet of integrated retail space, a full-service hotel and additional luxury multifamily projects, when fully developed. ABS, a leading global provider of classification services to the marine and offshore industries, and ABS Group, a global technical services subsidiary of ABS supporting the safety and reliability of high-performance assets and operations in the marine; offshore; oil, gas and chemical; power; and government sectors, will occupy the entire office component of the new 10-story, 326,800-square-foot CityPlace 2 mixed-use project, which will begin construction in early 2017. “This development offers great amenities and a state-of-the-art, energy-efficient office design for our employees in an attractive location,” said Christopher J. Wiernicki, Chairman, President and CEO of ABS, and Chairman of ABS Group. “The new facility reaffirms our commitment to the Houston area.” Scheduled to be completed in late 2018, CityPlace 2 will also include 23,700 square feet of ground floor retail. Tim Relyea and Kevin Snodgrass of Cushman & Wakefield represented ABS. Chrissy Wilson of JLL and Dennis Tarro of Patrinely Group represented the landlord. “Having done several corporate build-to-suits with Patrinely Group going back almost 30 years, we are confident ABS will be extremely happy with the development execution of Patrinely Group and USAA. The new amenities within the Springwoods development, which will include a hotel, combined with the ever more important mobility access recently improved by the connection of US 99 into I-45 and the very close proximity to Bush Intercontinental Airport, make this one of the new premiere north destination points in the Houston area,” Relyea and Snodgrass said. “CityPlace is a phenomenal new urban center located at the nexus of Interstate-45, Grand Parkway and the Hardy Toll Road, directly across from Exxon Mobil’s new 385-acre campus. Patrinely Group, USAA Real Estate Company and CDC Houston are committed to making CityPlace the most accessible, premier 18-hour destination in Houston,” said Dean Patrinely, Managing Principal of Patrinely Group, the venture’s managing general partner. “We are delighted that ABS selected CityPlace, joining Exxon Mobil, Southwestern Energy and CHI St. Luke’s.” Additionally, CityPlace 1, a new 149,600-square-foot office building is planned by the Patrinely Group, USAA Real Estate Company and CDC Houston venture. CityPlace 1, a Class A mixed-use project located across from ABS’s new headquarters will offer a highly efficient design that will be complemented by

world-class amenities. CityPlace 1 will include 122,700 square feet of office and 26,900 square feet of ground floor retail. The project is being actively preleased and can be available for occupancy in as little as 12 months. “We’ve joined forces with an extraordinary development team to create CityPlace – a transformational business setting to meet the needs of the modern office tenant and the lifestyle choices of today’s urban resident,” said Len O’Donnell, President and CEO of USAA Real Estate Company. “The decision of another large tenant to make CityPlace its long-term home is further validation of our team’s vision for the community.” “CityPlace 1 and 2, the initial office developments on a prime intersection in CityPlace, will offer a combined total of 476,400 square feet of office space, shopping and dining. Each office building will feature 9’6″ ceilings with floor-to-ceiling glass, ground floor restaurants, shopping, ample covered parking, and will seek LEED Gold certification. “CityPlace’s location offers unparalleled access for corporations seeking to operate in a highly accessible, vibrant mixed-use environment,” said Robert Fields, President and CEO of Patrinely Group. Both office buildings will be located across from the CityPlace Plaza, a lakefront public plaza designed as a gathering place for office workers, residents, and visitors, and a point of linkage to Springwood Village’s lake and park system with trails connecting to the Spring Creek Greenway. The public plaza will include an activated open space and an amphitheater allowing for both private and public events. “With ExxonMobil’s campus and Southwestern Energy’s headquarters now open for business, and ABS moving to CityPlace, Springwoods Village is becoming a major employment center in the north Harris County,” said Keith Simon, executive vice president of CDC Houston. “This announcement, combined with the recent opening of the CHI St. Luke’s Springwoods Village Hospital as well as the progressing construction on The Mark CityPlace luxury apartments, provides an exciting momentum for us.” Springwoods Village is an 1,800-acre, mixed-use community situated along the west side of Interstate 45 between Springwoods Village Parkway and the Grand Parkway. Designed for sustainability, when completed the nature-inspired residential and commercial community will provide diverse housing options, civic facilities, outdoor recreation and a 60-acre CityPlace with office space, shopping, dining and lodging in an urban, walkable environment. Patrinely Group selected JLL as the exclusive office leasing agent for CityPlace. Under the direction of Patrinely’s Dennis Tarro, JLL’s Chrissy Wilson is leading the leasing and marketing efforts. Transwestern Retail is the leasing agent for the retail space in CityPlace, with Nick Hernandez, Chace Henke and Crystal Allen leading the retail leasing program. For more information about CityPlace visit www.cityplacespringwoods.com.

About ABS Founded in 1862, ABS is a leading international classification society devoted to promoting the security of life and property and preserving the natural environment through the development and verification of standards for the design, construction and operational maintenance of marine and offshore assets. About Patrinely Group, LLC Patrinely Group is a national real estate development company with a diverse portfolio including commercial office, luxury residential, mixed-use, high-rise condominiums, hospitality, and entertainment venues. Since 1983, Patrinely Group has developed some of the most successful properties in the nation and has completed nearly $7 billion in development. With Patrinely Group’s depth of experience, spanning 15 states, the company is a recognized leader in real estate development as evidenced by its proven 33-year record of accomplishment. For more information, visit www.patrinelygroup.com and www.cityplacespringwoods.com. About USAA Real Estate Company USAA Real Estate Company, with approximately $15 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors. The USAA portfolio consists of office, industrial, retail and hotel properties as well as investments in real estate operating companies. RealCo is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com. About CDC Houston CDC Houston, Inc. (a subsidiary of Coventry Development Corporation (New York) is an experienced land developer with expertise in creating mixed-use urban communities that foster smart and responsible growth for commercial and residential vitality. Coventry has provided development services for mixed-use projects in New York, Colorado, Texas and Guam over its 45-year history. In 2001, the company launched RidgeGate, also a sustainable, mixed-use community, in Lone Tree, Colorado which consists of 3,500 acres. For more information on CDC Houston, Inc.’s latest project, Springwoods Village, please visit: http://www.springwoodsvillage.com and connect on Facebook and Twitter. About Cushman & Wakefield Cushman & Wakefield is a global leader in commercial real estate services, helping clients transform the way people work, shop, and live. The firm’s 43,000 employees in more than 60 countries provides deep local and global insights that create significant value for occupiers and investors around the world. About JLL JLL is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has

$58.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com. About Transwestern Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Management, Tenant Advisory, Capital Markets, Research and Sustainability services, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern.

Regency Centers and CDC Houston Announce a Joint Venture to Develop a Kroger-­­

Anchored Retail Development in Springwoods Village

Houston, TX (March 8, 2016) – Regency Centers Corporation, ("Regency") a national owner, operator, and developer of grocery-anchored shopping centers, today announced the formation of a joint venture with CDC Houston to develop, own and manage The Market at Springwoods Village. The 170,000 square foot LEED Silver-seeking project is expected to open in the spring of 2017 and will be the first grocery-anchored development in Springwoods Village, the master-planned mixed-use community that is home to ExxonMobil’s new corporate campus, Southwestern Energy’s headquarters and the CHI St. Luke’s Medical Campus. Located at the intersection of Holzwarth Road and the Grand Parkway, The Market at Springwoods Village site lends itself to become a regional destination while serving the large corporate campuses and desirable residential neighborhoods of Springwoods Village. The carefully selected mix of retail, dining, and grocery services will meet the needs of many residents, employees, visitors and businesses in Springwoods Village and the surrounding area. “We couldn’t be more pleased to announce our latest development, The Market at Springwoods Village. Our center will serve world-class corporate campuses and the community’s expanding residential population with best-in-class retailers, oversized patios, mature landscaping and convenient parking,” said Abe Pacetti, Vice President of Investments for Regency Centers. “We’re very excited about becoming long-term citizens of such a fabulous master-planned community and continuing to expand our presence in Houston through the development of quality shopping centers.” Anchored by Kroger, The Market at Springwoods Village will be a destination for a premier grocery shopping experience. Measuring 100,000 square feet, the Kroger will create more than 300 new career opportunities, including hourly, management and leadership positions. The Texas-­sized store will offer pharmacy and fuel services along with locally grown fruits and vegetables, fresh meat and seafood, organic choices, specialty cheeses, international fares, chef-­prepared meals, artisan breads, and premium wine and craft beer. “The Market at Springwoods Village will add important shopping and dining amenities,” said Keith Simon, Executive Vice President and Director of Development for CDC Houston. “Its location serves not only Springwoods Village but the larger Spring community and will enhance the entire area’s quality of life. This announcement and the recent opening of the CHI St. Luke’s Springwoods Village Hospital are providing exciting momentum to start 2016 and move us closer to our goal of creating a ‘Complete Community’.” Springwoods Village is a $10-billion, 1,800-acre, mixed-use community situated along the west side of Interstate 45 between Springwoods Village Parkway and the future Grand Parkway. Designed for sustainability, the nature-inspired residential and commercial community will provide diverse housing

options, civic facilities, outdoor recreation and a 60-acre CityPlace with office space, shopping, dining and lodging in an urban, walkable environment. The Market at Springwoods Village is scheduled to break ground in March 2016 and open in the spring of 2017. Additional tenant announcements will be made as they become available. For property and leasing information contact Vanessa Barfuss at vanessabarfuss@regencycenters.com. About Kroger (Dallas and Houston Divisions) Kroger operates 218 stores, 209 pharmacies and 139 fuel centers in Texas and Louisiana and is part of one of the world's largest grocery retailers serving customers in 35 states with 2,774 stores. For more than 125 years, Kroger has emphasized a customer-first approach to providing quality products, value pricing, outstanding service and an exceptional shopping experience. Headquartered in Cinncinati, Ohio, the grocery retailer is dedicated to making a difference in the communities it serves by supporting hunger relief, education, health and wellness, military families and diversity programs. Resulting from the retailer's philanthropic commitment, Forbes magazine lists Kroger as the most generous company in America. For more information about Kroger, download the free Kroger Mobile App or connect on kroger.com, Facebook, Twitter or Instagram. About CDC Houston CDC Houston, Inc. (a subsidiary of Coventry Development Corporation (New York) is an experienced land developer with expertise in creating mixed-use urban communities that foster smart and responsible growth for commercial and residential vitality. Coventry has provided development services for mixed-use projects in New York, Colorado, Texas and Guam over its 45-year history. In 2001, the company launched RidgeGate, also a sustainable, mixed-use community, in Lone Tree, Colorado which consists of 3,500 acres. For more information on CDC Houston, Inc.’s latest project, Springwoods Village, please visit: www.springwoodsvillage.com and connect on Facebook and Twitter. About Regency Centers Corporation (NYSE:REG) With more than 50 years of experience, Regency is the preeminent national owner, operator, and developer of high-quality, grocery-anchored neighborhood and community shopping centers. The Company’s portfolio of 318 retail properties encompasses over 42.8 million square feet located in top markets throughout the United States, including co-investment partnerships. Regency has developed 221 shopping centers since 2000, representing an investment at completion of more than $3 billion. Operating as a fully integrated real estate company, Regency is a qualified real estate investment trust that is self-administered and self-managed.