L.A. Fuess Partners, Inc., a structural engineering firm specializing in the design of commercial, residential, institutional, and industrial buildings, recently opened their third US office in Austin, Texas located at 8200 North Mopac Expressway, Suite 130. Founded in 1979, L.A. Fuess Partners, Inc. (LAFP) also provides services from their offices in Dallas and Boston: working with clients in cities throughout North America as well as overseas. LAFP Senior Associates James Kleineck, P.E. and Cheryl Stewart, P.E. will lead the Austin office and oversee a growing team of engineers. Kleineck began his structural engineering career with L.A. Fuess Partners, Inc. after graduating with a B.S. in Architectural Engineering (2009) and his M.S. in Civil Engineering (2011) from the University of Texas at Austin.  His experience includes multiple structural systems and construction materials, including modifications and expansions to historic structures. He has designed high-rise and low-rise office buildings, schools, healthcare, retail, and aviation support facilities as well as millions of square feet of data centers and parking structures. A fellow Longhorn, Cheryl Stewart received her B.S. in Architectural Engineering (2008) from UT Austin and spent her early engineering career in Austin.  She returned to school at the University of Florida to obtain her M.S. in Structural Engineering (2011). Her years of structural engineering experience encompass the full array of materials and systems for new structures, expansions, and retrofits. She has designed dozens of new and renovated schools, major healthcare facilities, office buildings (some with challenging structural retrofits) and she is well versed in the structural design of hotels, municipal facilities, retail development, and churches.

AUSTIN, Texas—April 8, 2021. Austin-based Pearlstone Partners and New York-based ATCO Properties and Management announced they have received final approval for a density bonus for their newest multi-family condominium development at today’s Austin City Council meeting. Currently referred to as “The East Tower”, the developers plan to release the formal name and branding at a later date. The East Tower is to be constructed at 84 East Avenue in Austin’s dynamic Rainey Street Historic District. Co-Developers, Pearlstone Partners and ATCO Properties, expect to break ground on the project this summer, with completion projected for first quarter 2024. The 41-story condominium tower, situated on 0.41 acres is expected to offer 284 residential homes at an average size of 975 square feet. The East Tower plans will feature several community and Rainey Street District benefits that are highlighted below: • In accordance with the Rainey District affordability guidelines, 10 units will be dedicated to the City of Austin Affordable Housing Program and will be reserved for households earning up to 80 percent (80%) of Austin’s median family income (MFI). • The alley running behind the project and to the South will be paved to further support and provide a pedestrian friendly connection to the Rainey Street District. • An exterior mural and sign visible via a public access easement will direct visitors and residents from Rainey Street to the public art gallery located adjacent to the rear lobby. • The East Tower is thoughtfully designed to allow vehicles to access the site from the I-35 frontage road and avoids adding additional vehicular traffic to Rainey Street. • Compliance with Great Streets by fee-in-lieu due to the location and proximity to IH-35 and TXDOT Right-of-Way not allowing for full Great Streets. In addition to paying the fee-in-lieu, the ground level of The East Tower has been moved back to incorporate a more pedestrian friendly streetscape. • The streetscape was designed by dwg. and will feature several large planter boxes with full sized trees and native Texas plants, as well as, a tree-shaded sitting area for passers-by and bike racks. At the northeast corner, planter boxes and a vine cabling system will create an over 100-foot-tall green wall adding life and vibrancy to the area. Anticipated common amenities for The East Tower include a rooftop community clubhouse, sky-deck pool, cabana, outdoor kitchen, fireplace and lounge; a resident fitness studio, featuring private spin and yoga studios; a sky dog park, lawn and washing station; a community courtyard and gathering table; and a ground floor co-working space. The rear lobby features a public art gallery and mural showcasing works by local artists, with direct pedestrian access to Rainey Street and its many inviting shops, eclectic variety of restaurants and cafes, live music venues and other entertainment options. Pearlstone Partners and ATCO Receive Approval from City Council on 41-Story Residential High Rise at 84 East Avenue Page 2 of 2 The East Tower will be less than a mile from the Austin Convention Center, a mile and a half from the Texas State Capitol, two miles from The University of Texas at Austin, and just steps away from the coveted Ann and Roy Butler Hike-and-Bike Trail, which stretches more than 12 miles around Austin’s venerable Lady Bird Lake. With close proximity to major employers—including Google, Facebook, Atlassian, Parsley Energy, Indeed Tower, Oracle and many independent start-up firms, as well as to UTAustin and the State Capitol Complex—The East Tower will offer an ideal live-work-play lifestyle. The architect for The East Tower is STG Design, the civil Engineer is Wuest Group, the interior designer is McCray & Co, and AECOMHunt is the intended general contractor. The property will be marketed exclusively by Prospect Real Estate. “Pearlstone Partners is excited to continue to invest in the Rainey Street District and provide a project that will appeal to a wide array of buyers including young professionals, empty nesters, and anyone else who is attracted to the area’s energy, culture and urban, pedestrian-friendly lifestyle,” said Pearlstone Partners CEO and Principal Robert Lee.

Bellwether Enterprise Real Estate Capital LLC, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment, Inc., has announced the closing of a $59 million Fannie Mae Multifamily Affordable Housing loan deal for the acquisition of Broadstone 8 One Hundred, located at 8100 Anderson Mill Road in Austin, TX. Kevin Bowen, executive vice president in Bellwether Enterprise’s Dallas office, originated the loan on behalf of the borrower. Broadstone 8 One Hundred consists of 376 one- and two-bedroom units. At acquisition, the borrower restricted 50% of the units for tenants making 80% or less of area median income. The property includes amenities such as a clubhouse for residents with entertainment spaces, a 24/7 athletic center, an executive business center, a resort-style swimming pool and a dog park, among many others. In-home amenities include

Institutional Property Advisors (IPA), a division of Marcus & Millichap, has announced the sale of Palo Alto, a newly built 300-unit multifamily property in in Pflugerville, Texas. The property is 15 miles from Downtown Austin and close to top area employers like Apple, Dell, IBM, and Vrbo. Shopping is also close by at Pflugerville Plaza and Windermere Center. The Art Institute of Austin and Austin Community College are within a short drive. Completed in 2021 on 14 acres near Interstate 35, the controlled-access community has carports, free Wi-Fi, a business center and a swimming pool and spa.

AUSTIN, Texas—March 24, 2021. Austin-based Prospect Real Estate—a full-service, family-owned and operated boutique residential real estate firm focusing on Austin’s evolving urban core—has been named the exclusive listing agency for Parkside at Mueller, a new condominium development by Austin-based Pearlstone Partners and New York-based ATCO Properties and Management. The project will be located at 1701 Simond Avenue in Austin. “We are thrilled to be a part of this exciting development in the revered Mueller community, with its unique standing in the Austin market, ample green spaces and variety of local dining, retail and entertainment options next door,” said Prospect Real Estate CEO Emily Lee. “It will be a strong draw for young professionals, first-time homebuyers and empty-nesters looking for a sustainable, vibrant, lock-and-leave lifestyle, and it aligns perfectly with the type of property we seek to represent.” Located at a main entrance to Mueller, one of Austin’s most successful centrally located master-planned communities, the Parkside site is just three miles from downtown Austin and two miles from The University of Texas at Austin. Mueller is the realization of a public-private partnership between the City of Austin and Catellus Development Corporation to redevelop the land formerly occupied by the old Robert Mueller Municipal Airport, which served Austin from 1930 to 1999. Situated on 1.8 acres bordered by Aldrich Street, Mueller Boulevard and Simond Avenue, the six-story Parkside at Mueller project will offer for sale 200 one-, two- and three-bedroom residential condominiums ranging from 600 to 1,600 square feet. Thirty of those residences, or 15 percent, will be reserved for families that earn up to 80 percent of Austin’s median family income (MFI). The project will add approximately 225,000 square feet of high-density, mixed-use space to the Mueller community. Parkside at Mueller will feature a mix of contemporary architecture and mid-century design, a nod to Mueller’s former days as home to the city’s main airport. Condominium residences will boast high-quality finishes and fixtures curated by Kim Lewis Designs, including modern cabinetry, quartz countertops, tile backsplashes and stainless-steel appliances. Parkside’s amenities will include coworking spaces, a resort-style swimming pool with outdoor kitchen and cabanas, a cardio and fitness studio, a clubhouse and a rooftop deck with expansive views of Mueller Lake Park. The building will feature controlled access to its own parking structure, with reserved parking and on-site bike storage. Pearlstone Partners has selected STG Design as the architect for the project and Bartlett Cocke as the general contractor. The development will feature a variety of green building elements to help pursue a LEED Silver certification from the U.S. Green Building Council and an Austin Energy Green Building (AEGB) three-star rating. The project is set to break ground during the second quarter of 2021, with construction anticipated to be complete by mid-2023. Prospect Real Estate is the exclusive brokerage of sales for Parkside at Mueller. Prospect will open its Parkside sales center by June 1. The center will be located in the Aldrich Street Diamond Building at the corner of Aldrich Street and Simond Avenue, adjacent to the project. Prospective buyers will be able to meet with a full-time, on-site sales team and view a 3-D model of the full building and interior options. Lead sales agent Christy Neikirk said the team has begun compiling a list of potential buyers as calls come in and will reach out to them when all marketing assets are in place and the sales center opens. Prospect Real Estate is the exclusive listing firm for Austin-based Pearlstone Partners, a leading developer in Austin’s urban core. Rather than focusing on ultra-luxury projects, Pearlstone concentrates on making its residential projects attainable to mid-tier buyers, enabling them to enjoy the many unique restaurants, bars, retail shops and other amenities available in the flourishing downtown, Central and East Austin districts. Pearlstone does not sacrifice quality in these developments, but achieves its price point through thoughtful design, strong partnerships with vendors and consultants, and offering for-purchase condominiums that are a smarter alternative to stand-alone housing. Pearlstone’s attainable residential developments near Austin’s city center are HŌM Condominiums, Axiom East and Cascade Condominiums. “Austinites love the Mueller development—those who have lived in this city for many years and remember the old airport, as well as those who are aware of its history,” said Prospect Real Estate Vice President of Sales Denise Bodman. “We are pleased and proud to be able to bring such a unique, highly desirable product to buyers in a high-demand location at an attainable price point.”

BROWNSVILLE, TEXAS — Shawn Ackerman and Alex Bouchard with Henry S. Miller Brokerage Houston office represented J & M Properties LLC in the sale of their 6,000 square foot building at 900 E. Elizabeth, Brownsville, Texas to Solaris Management Solutions, LLC. The Buyer was represented by Cindy Hopkins of Cindy Hopkins Commercial Real Estate.