Investment Overview

Honeycomb Park is a 46-site community in Austin, Texas, with 45 total sites (17 resident-owned homes and 28 resident owned RVs/travel trailers) and one single family home rental. The community operates on city water and sewer. Most sites are individually metered for electricity and there is a master meter for water. Ownership pays for all utilities except electricity, which is paid directly to the provider by 37 residents and is included in the rent at a higher rate for the remaining eight residents. The community is in north Austin, equidistant to Cedar Park, Round Rock, and Pflugerville. Austin is the Texas state capital and the fifth largest city in the state. From 2010-2022, Austin was the fastest-growing large metropolitan area for 12 consecutive years. In 2023, it ranked second. June 2025 data from the Texas Workforce Commission and US Bureau of Labor Statistics shows Austin as the 10th best-performing metro among the top 50, adding 18,500 jobs or 1.4 percent growth in the year ending May 2025. Nearby destinations include: • Apple Campus – 1 mile/5 minutes • H-E-B Grocery – 0.7 miles/3 minutes • Austin-Bergstrom International Airport – 21 miles/25 minutes Major area developments include: • May 2025: Construction began on a $210 million industrial and office project in Pflugerville for the Texas State Library & Archives Commission archival facility. Completion scheduled for fall 2027. Located 9 miles/16 minutes from the park. • April 2025: Construction began on the $95 million Cedar Park Marriott Hotel and Convention Center as part of CedarView, a $400 million mixed-use development that includes Nebraska Furniture Mart. Located 11 miles/12 minutes from the park. • March 2025: Round Rock broke ground on a $500 million mixed-use development featuring 1,500 multifamily units, 150,000 square feet of retail, and 2 million square feet of office space. Located 10 miles/14 minutes from the park. • September 2024: Amazon began construction on a $72.5 million delivery center in Round Rock with completion expected September 2025. Located 4 miles/8 minutes from the park.