offers a unique opportunity to invest in the rapidly growing central Texascorridor. New Braunfels, Texas is located between San Antonio, the eighth largest city in the country, and Austin, its world-renowned eclectic neighbor to the North. This vibrant and desirable community is easily accessible to both major cities via the I-35 expressway.

Many people are familiar with the long and rich Hispanic heritage enjoyed by the citizens of San Antonio, and many know Austin for its growth as a center for music production and world class technological innovation. Now many more are discovering the importance of the German influence upon the smaller surrounding areas as these communities grow and are populating with residents wanting a more peaceful and relaxing suburb from which to commute. New Braunfels is the center of such communities and since being founded in the early 1800’s, New Braunfels has maintained it German flavor. Visitors from all over the state gather for its festivals and other attractions. The local newspaper, The Herald-Zeitung, has published continuously since 1844 and was printed in German until the early 1900’s. New Braunfels (braunfels translates to “brown rock” from German) is home to Comal Springs and river, known as the shortest river in the world. The Comal and another river flowing through New Braunfels, the Guadalupe, produce many nearby lakes that are experiencing rapid growth as housing surrounds their perimeters to take advantage of the Hill Country views and refreshingly clear water. Along the Comal and in the center of New Braunfels, the famous Shlitterbahn water park is located, the largest water attraction in all of the southern United States.

Since New Braunfels is only 11 miles from the growing North East area of San Antonio with its upscale shopping districts and close proximity to two major military bases, Brown Rock Springs is ideally situated to take advantage of both the desirable rental market and increasing property values. Residential properties are currently experiencing a 5-6% per year appreciation and 2007 projections are expected to be as strong or stronger. Many analysts predict that this strong, steady growth will continue in the central Texas market for many years to come, out-performing other markets around the country. Brown Rock Springs is a well-balanced duplex community that offers comfortable, safe rental units for tenants and is built with pleasing designs for long lasting value to an investor.

consists of a community of 32 duplex units with spacious lots in a cozy cul-de-sac layout with only one secure entrance from Alves Lane. Alves Lanes is just off Texas Hwy. 46, a four lane traffic artery fueling the explosive growth between New Braunfels and Seguin. On the North end, Alves Lane terminates near the New Braunfels high school and the regional Wal-Mart warehouse and distribution center. The community uses four architecturally designed floor plans with a combination of six contrasting elevations for variety and flavor. The floor plans are three bedroom units on both sides and some units have three bedrooms on one side and two bedroom on the other, designed to capitalize on the various needs of prospective tenants. Please see the accompanying specification sheet for more details about individual units.

Brown Rock Springs will require investor/owners to participate in a mandatory Home Owners Association (HOA) so that all units within the community will be properly maintained and conform to specified standards. This will insure that each unit will maintain its own value and will also protect the values of the other units within the community. In return, the HOA will provide mowing services for the front yard of each unit and will also maintain a common use area consisting of a playground for children, gathering and picnic area and a covered school bus stop. Property management services are offered by Texan Property Management for a nominal monthly fee.

Brown Rock Springs is exclusively marketed and represented by Texan Real Estate of San Antonio, Texas. Below market financing is provided by Texas Mortgage Capital Corp. also of San Antonio. Both of these companies are able to offer you many attractive purchase and financing options designed to make your investment safe and secure. Within the following pages you will find information about the area and the project, complete with maps and photos. Also included are investment pro formas with cash flow analyses and profit on sale projections. Texan Real Estate would be pleased to answer any questions you may have and will tailor pro formas to fit your specific investment goals. Inside you will also find individual lot plans with floor plans and elevations. These units are offered on a first come – first served basis, so you are invited to make a decision as quickly as you are able. Please call Texan Real Estate for availability of any individual lot and plan. On behalf of the developers of Brown Rock Springs, thank you for your consideration. We look forward to discussing this investment with you.