Mixed Use Project PIRE 105, Pringlesed 2020 Tenant Assumptions Tenant Remaining Leme Term Assumption Grote Area Yewien ARE Ihre Vany & Credit Low Ep Espennine Benson 15 Year 10000 Once Once s 7.00 125 DON 20N GON BON Oce 30.000 10,000 15.000 10 Year 516.00 $42.00 $45.00 10 7.00 7.00 None 5 BelAldi 20 Years GON ON Non Misty 15 Years 10.000 $40.00 2.ON DOW ON Parcs an 1.000 DON 4.ON 4.ON Annual 11 120 $70.00 $1.500.00 5250.000 Marily Parking 40 None AN 20W DON 11 one Financing Assumptions Income Taxes Investment Criteria LTV 5 75.00 65N ON Rate Call Ordinary Recapture CHAO CHAM Purchase Land Value de Valve Mewund we 19 10 25 S 10 Amortation 1. 10.000.000 17.000.000 Date 65,096,000 MultiGIM 14.01.200 Mancing Fence 34904,000 Costa 7.980.000 5 $ $ 4122 family are $ 30 21 Mitland $ 1 2 3 4 22 22 BEFORE TAX CASH FLOWS 24 PGI 23 One cod SO 3400.000 2,711.2001 2767,064 25 Assumptions Expense Increases 25 3% 3% 3% Valuation Unleveraged NPV Unleveraged IRR Accept Investment $2,147,391 10,44% 8.50% 10.00% Yes 6.9 00 Terminal Cap 00 Discount Rate 000 Multi-Family GIM 200 Holding Period 000 Cost of Sale 800 10 Leveraged NPV Leveraged IRR Accept Investment $26,469,353 21.32% 1.00% Period 5 6 7 Mixed Use Project PIRE 105, Pringlesed 2020 Tenant Assumptions Tenant Remaining Leme Term Assumption Grote Area Yewien ARE Ihre Vany & Credit Low Ep Espennine Benson 15 Year 10000 Once Once s 7.00 125 DON 20N GON BON Oce 30.000 10,000 15.000 10 Year 516.00 $42.00 $45.00 10 7.00 7.00 None 5 BelAldi 20 Years GON ON Non Misty 15 Years 10.000 $40.00 2.ON DOW ON Parcs an 1.000 DON 4.ON 4.ON Annual 11 120 $70.00 $1.500.00 5250.000 Marily Parking 40 None AN 20W DON 11 one Financing Assumptions Income Taxes Investment Criteria LTV 5 75.00 65N ON Rate Call Ordinary Recapture CHAO CHAM Purchase Land Value de Valve Mewund we 19 10 25 S 10 Amortation 1. 10.000.000 17.000.000 Date 65,096,000 MultiGIM 14.01.200 Mancing Fence 34904,000 Costa 7.980.000 5 $ $ 4122 family are $ 30 21 Mitland $ 1 2 3 4 22 22 BEFORE TAX CASH FLOWS 24 PGI 23 One cod SO 3400.000 2,711.2001 2767,064 25 Assumptions Expense Increases 25 3% 3% 3% Valuation Unleveraged NPV Unleveraged IRR Accept Investment $2,147,391 10,44% 8.50% 10.00% Yes 6.9 00 Terminal Cap 00 Discount Rate 000 Multi-Family GIM 200 Holding Period 000 Cost of Sale 800 10 Leveraged NPV Leveraged IRR Accept Investment $26,469,353 21.32% 1.00% Period 5 6 7