Broadstone Lofts was originally built as a hospital in 1963 and was redeveloped in 2005 as a 185-unit high-rise multifamily building with an additional 195-unit midrise structure built around it. The Property is adjacent to Hermann Park, a 445-acre park and is one of Houston’s most popular green spaces. The Property is also proximate to Houston’s primary employment corridors, including the Texas Medical Center, the largest medical center in the world with over 110,000 employees. Broadstone Lofts benefits from its exposure to the healthcare and education sectors and Houston’s primary employment corridor.