| Value-creation/ repositioning opportunity through lease-up of the approx. 35,468 square feet of vacant space; approx. 39% of total GLA. |
| Significantly below replacement cost; also providing an attractive land acquisition cost per square foot. |
| Approximately 59% of the in-place rental revenue stream has been in occupancy on/before 2018. |
| 80% of the total square footage, representing 74% of the in-place rental revenue stream, is comprised of national and regional tenants. |
| Two freestanding pad buildings are inclusive in the collateral. |