| Leased to Spring Education Group, the largest private school operator in the U.S. with over 200 locations and growing. |
| Spring Education Group has operated their elementary and middle school just two miles away for more than 20 years. |
| National operator with a portfolio of more than 200 schools, offering institutional-level credit quality. |
| Consistent occupancy and enrollment levels support long-term operational viability. |
| Located just south of Downtown Sacramento (metro population of 2,269,000), & centrally located within the most prominent and desirable neighborhoods. |
| Early childhood education is a critical, non-discretionary service, maintaining demand through economic cycles. |