SIGNIFICANT MULTI-FAMILY AND HOTEL DEVELOPMENT ECONOMIC INCENTIVES PROVIDED TO PURCHASER Multifamily- $2400/key for first 140 units plus ad valorem relief Hotel - $2800/key for up to 90 guestrooms, $350k HOT rebates plus ad valorem relief *** see offering memo for additional details *** Great location in fast growing East Texas. Quitman is the county seat of Wood County, and enjoys county business as well as HQ location for several major countywide companies. Location is proximate to world famous Lake Fork for fun and to area workforce locations of Greenville, Sulphur Springs, Longview, Tyler and Terrell. Property is adjacent to Kiwanis Hike/Bike trail underway and is walkable to CBD, Hospital, churches and schools. Local hospital part of UT Health system and has links to UT Med School in Tyler. County airport 6 miles to the south is undergoing runway extension to accommodate jet traffic. The Quitman CCD has a population of 12,136 per US Census (2020), and over 1149 workers commute into the city per day - see "Inflow/Outflow" diagram in OM. Additionally, there are no flagged hotels in Quitman and the nearest flagged hotel is 11 miles distance and is circa 2007. The complete parcel is available to purchase prior to replat.