| 10-year lease commenced January 2024 with approximately 7.7 years remaining and expiration in January 2034. |
| Lease guaranteed by WAND NEWCO 3, INC., Caliber’s strongest guarantor entity. |
| Attractive 2% annual rent increases provide built-in NOI growth and inflation protection. |
| Caliber is the nation’s largest collision repair operator with more than 1,800 locations nationwide. |
| Collision repair is a necessity-based, insurance-driven business insulated from e-commerce disruption. |
| Preferred relationships with major insurance carriers provide recurring customer demand and stable revenue flow. |