ACQUISITION IN SAN ANTONIO

Jul 8, 2013

Dallas, Texas: A partnership, Pecan Springs, LP, comprised of affiliates of Rosewood Property Company and Carbon Thompson has closed on the purchase of Pecan Springs, a newly completed Class A, 344-unit multifamily complex located at the intersection of I.H. 10 and Loop 1604 in northwest San Antonio, Texas. The project was built by Carbon Landmark.

The partnership has engaged Carbon Thompson Multifamily Management to provide leasing and management services for Pecan Springs. "Rosewood is first class in the industry," says Tom Field, President of Carbon Thompson, "and we are delighted they have been selected for this project. We are gratified to partner with them and the Carbon Thompson investors. We bring specific San Antonio market expertise that will be coupled with a tried and true leasing and management philosophy, as well as a proven suite of asset management tools that will engage our customers in a unique fashion."

"We are pleased to partner with Carbon Thompson to lease and manage Pecan Springs, an asset that we intend to hold long term. Both entities have a proven track record of creating and operating important portfolios and have a demonstrated ability to deliver best-in-class service to our customers while protecting the value of the asset," stated Bill Flaherty, President of Rosewood Property Company.

Carbon Thompson is affiliated with the Carbon Companies and Thompson Realty, both Dallas-based companies specializing in mixed-use developments. Carbon Thompson strives to create places where people can live, where they can work and where they can shop, dine and play. With an exemplary track record of successful developments, Carbon Thompson knows what it takes to create new, vibrant communities.

Rosewood Property Company, based in Dallas, is a wholly owned subsidiary of The Rosewood Corporation. Rosewood Property Company and its affiliates have an extensive portfolio, including investments in land, office, industrial, retail, and multifamily assets, as well as investments in the equity securities of public and private real estate investment companies. For more information visit: www.rosewoodproperty.com

For more information contact:

Storm Sands
Rosewood Property Company
stormsands@rosewd.com
(214) 849-9306

Tom Field
Carbon Thompson
tom@thompsonrealty.com
(972) 644-2400

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