PROJECT SIZE:
Office: 135,000 square feet
Hotel:  160 room Starwood Aloft 
Retail:  1 acre development site

ACQUIRED:
March 2006

DEVELOPMENT PLAN:
Joint venture with AmREIT, a regional real estate investment trust specializing in retail development. Investment strategy calls for the development of a new Starwood Aloft hotel and retail development on the adjoining excess land, in addition the renovation and leasing of the existing office building.

EQUITY PARTNER:
AmREIT (AMY: AMEX)
Houston, Texas


SPL ROLE:
Owner/Developer/Asset Manager