HSRE Partnership #10, LLC HSRE #10

📋 Slaughter Park — Contracts & Documents

East Slaughter Lane · Austin, TX · 90.354 ac · 4-Lot Subdivision · April 2026
Overview Deal Room Pro Forma Notes Contracts & Docs
⚠️ BERNHARD DISPUTE ACTIVE
DO NOT discuss Lot 3 (Preakness) closing with anyone on the landowner's side. All communications must go through Kutak Rock — Heather Kendrick is lead counsel. Do not respond to direct outreach from Bernhard or their representatives.
Lot 1

Belmont

✅ CLOSED — February 24, 2026
EXECUTED & CLOSED
Purchase & Sale Agreement — Lot 1 (Belmont)
Buyer: NRP Group · GF# 23000230086 · Heritage Title · Closed Feb 24, 2026
EXECUTED & CLOSED
Closing Documents — Lot 1 (Belmont)
Heritage Title · GF# 23000230086 · All closing docs executed. Proceeds received. Deal complete.
Lot 3

Preakness

🤝 Under Contract — NRP Group
EXECUTED
Purchase & Sale Agreement — Lot 3 (Preakness)
Buyer: NRP Group · GF# 23000230100 · Heritage Title
EXECUTED
9th Amendment to PSA — Closing Extension
March 10, 2026 · NRP paid $50,000 earnest money deposit · 6-month closing extension
📌 $50K extension deposit wired to Heritage Title. Both parties executed.
ACTIVE DISPUTE
⚠️ Bernhard Boundary Dispute — Preakness
Kutak Rock engaged · Heather Kendrick (lead counsel) negotiating with Bernhard's attorney
⚠️ DO NOT discuss Preakness closing with anyone on the landowner's side. All comms through Kutak Rock only. Small settlement expected — monitor closely.
ACTIVE
Kutak Rock Engagement — Heather Kendrick
Legal representation · Preakness / Bernhard dispute · All boundary dispute comms through Heather Kendrick
Lot 2

North / South Subdivision

📢 Marketing Phase
ACTIVE
N/S Subdivision — Lot 2 Marketing
Subdividing Lot 2 into North (~3 ac retail) and South (~13 ac multifamily)
📌 Broker: Sean Murphy (CLD Realty) · North retail: Suds Deluxe potential tenant (~$27/psf) · South MF: has sewer access — marketing to MF developers. No LOI yet.
PENDING
PSA — Lot 2 (North Retail)
Not yet · Marketing phase · Sean Murphy / CLD Realty handling broker outreach
PENDING
PSA — Lot 2 (South Multifamily)
Not yet · Marketing phase · ~13 ac MF · Sewer available
Lot 4

Retail Pad (~2.24 ac)

📢 Marketing Phase
ACTIVE
Lot 4 Retail Pad — Marketing
~2.24 acres · Broker: Sean Murphy (CLD Realty) · No LOI yet
PENDING
PSA — Lot 4
Not yet · Marketing phase · Sean Murphy / CLD Realty handling broker outreach
All Lots

Property-Wide Executed Agreements

EXECUTED
Purchase & Sale Agreement — Slaughter Lane West (90.354 ac)
Original property acquisition · Heritage Title · Full 90.354-acre tract
EXECUTED
Offsite Wastewater Improvements Construction Agreement
Executed with Seller redline · Property-wide infrastructure
EXECUTED
Traffic Mitigation and Construction Agreement (TMACA)
Recorded · Highside Slaughter Subdivision · Property-wide
EXECUTED
Traffic Impact Analysis (TIA)
Property-wide · Required for subdivision plat approval
HISTORICAL
Letters of Intent Received — Historical Record
Went with NRP Group for Lots 1 & 3
• Hanover — Multifamily LOI (declined)
• Pedcor — Multifamily LOI (declined)
• Greystar — LOI (declined)
• Alliance Residential — LOI (declined)
• Urban Moment — LOI (declined)
• Dominium — LOI (declined)
• NRP Group — SELECTED ✅

🏢 Entity Documents

EXECUTED
HSRE Partnership #10, LLC — TX Formation Documents
LP Investment vehicle · General Partner: HSRE Partnership #10 GP, LLC · TX Secretary of State
20+ Friends & Family LP investors
EXECUTED
HSRE Partnership #10 GP, LLC — GP Entity
General Partner entity · Managing Partners: Highside Real Estate, LLC (John Burns + Kent McNeil)
EXECUTED
Highside Real Estate, LLC
Ultimate GP / Management · John Burns + Kent McNeil

💰 Investor Documents

EXECUTED
LP Subscription Agreements — 20+ Friends & Family Investors
All executed · In existing files · No automated reporting yet
• Justin Cannon
• Louis Granger
• Jonathan Tate
• Todd Kinsel
• Deborah Burns
• + ~16 additional LP investors
PENDING
LP Investor Reporting — Automated
LP list exists · No automated reporting system yet · Manual updates as needed

📁 Supporting Documents

EXECUTED
Phase I Environmental Site Assessment
Slaughter Park Phase 1 · April 27, 2023
COMPLETE
LJA Cost Estimates — 90% OPCC
Opinion of Probable Construction Cost · LJA Engineering · 90% complete estimate
COMPLETE
Phasing Exhibit
4-lot subdivision phasing plan · Property-wide
COMPLETE
MI Homes Preliminary Plan
Reference plan · MI Homes · Preliminary site layout
🤖 Generated by Atlas · April 14, 2026 · HSRE Partnership #10, LLC
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