Financial Analysis. Table of Contents. Financial Analysis Summary Base Rent

Financial Analysis Table of Contents TAB Schedule SUM BR RENT ROLL BS DD RI PRI OI PT&TB U I GA PF RM AP PR&STAFF Financial Analysis Summary Base Rent Rent Roll Analysis Bank Statement Analysis Deposit Detail Recovery Income Percentage Rent Income Other Income Property Tax Tax Bill Analysis Utilities Insurance General & Administrative Professional Fees & Services Repairs & Maintenance Advertising & Promotion Payroll Staffing Analysis Management Fee Service Contract Analysis MF SC OE Other Expense OE2 Other Expense 2 OE3 Other Expense 3 RR DS CE TI LC NOE Replacement Reserves Debt Service Capital Expenditures Tenant Improvements Leasing Commissions Non Operating Expenses Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 9337

Schedule SUM: FINANCIAL ANALYSIS SUMMARY Trailing 2 Mos Analyst SCH. 2/3/25 2/3/26 2//6/3/7 's Draft Year In Place Amount U/W Amount INCOME BR Base Rent $ 5,3,555 $ 5,882,97 $ 6,337,889 $ 6,68,48 $ $ 6,337,889 $ 243,465 $ 6,58,355 See below RI Recovery Income $ $ $ $ $ $ $ $ PRI Percentage Rent Income $ $ $ $ $ $ $ $ OI Other Income $ 429,285 $ 436,85 $ 446,829 $ 483,246 $ $ 446,829 $ $ 446,829 2 Months /3/7 TOTAL INCOME $ 5,74,84 $ 6,38,282 $ 6,784,78 $ 7,64,727 $ $ 6,784,78 $ 243,465 $ 7,28,83 OPERATING EXPENSES PT Property Taxes $ 29,99 $ 3,349 $ 339,68 $ 43,935 $ 9,983 $ 43,5 $ $ 43,5 Based on 27 tax rate applied to proposed 28 assessment U Utilities $ 534,774 $ 538,628 $ 52,633 $ 685,45 $ $ 52,633 $ $ 52,633 2 Months /3/7 I Insurance $ 95,648 $ 96,525 $ 97,86 $ 9,8 $ 65 $ 97,5 $ $ 97,5 Based on premium invoices GA General & Administrative $ 7,638 $ 44,247 $ 3,765 $ 236,65 $ (7,73) $ 23,52 $ $ 23,52 2 Months /3/7, as adjusted PF Professional Fees & Services $ 8,925 $ 62,64 $ 54,56 $ $ (33,5) $ 2,546 $ $ 2,546 2 Months /3/7, as adjusted RM Repairs & Maintenance $ 58,67 $ 52,92 $ 57,94 $ 33,63 $ (53,498) $ 453,695 $ $ 453,695 2 Months /3/7, as adjusted AP Advertising & Promotions $ 62,226 $ 46,866 $ 37,434 $ 27,6 $ $ 37,434 $ $ 37,434 2 Months /3/7 PR Payroll $ 483,266 $ 53,257 $ 532,8 $ 397,565 $ $ 532,8 $ $ 532,8 2 Months /3/7 MF Management Fees $ 23,243 $ 37,34 $ 32,75 $ 286,589 $ $ 32,75 $ (4,622) $ 28,27 Calculated at 4.% OE Other Expense # () $ $ $ $ $ $ $ $ OE2 Other Expense #2 () $ $ $ $ $ $ $ $ OE3 Other Expense #3 () $ $ $ $ $ $ $ $ RR Reserves for Replacement $ $ $ $ 6,2 $ $ $ 6, $ 6, Calculated at $2 Per Unit TOTAL OPERATING EXPENSES $ 2,559,382 $ 2,55,522 $ 2,542,3 $ 2,52,44 $ (2,78) $ 2,54,23 $ 2,378 $ 2,56,5 NET OPERATING INCOME (LOSS) $ 3,8,459 $ 3,766,76 $ 4,242,47 $ 4,644,33 $ 2,78 $ 4,244,595 $ 223,88 $ 4,467,683 NONOPERATING EXPENSES DS Debt Service $,3,4 $ 985,563 $ 968,829 $ $ (968,829) $ $ $ Excluded from the Financial Analysis CE Capital Improvements $ $ $ $ $ $ $ $ TI Tenant Improvements $ $ $ $ $ $ $ $ LC Leasing Commissions $ $ $ $ $ $ $ $ NOE Other NonOperating $ 688,922 $ 64,758 $ 932,95 $ $ (932,95) $ $ $ Excluded from the Financial Analysis TOTAL NONOPERATING EXPENSES $,69,926 $,6,32 $,9,734 $ $ (,9,734) $ $ $ NET CASH FLOW (DEFICIT) $,489,533 $ 2,66,439 $ 2,34,683 $ 4,644,33 $,93,92 $ 4,244,595 $ 223,88 $ 4,467,683 In Place Amounts for Base Rent are based on the rental income for the twelve months ending /3/7 per Seller s historical operating statements. Underwritten amounts for Base Rent are based on the economic occupancy achieved over the past 2 months as applied against the current annualized Gross Potential Rent. See Schedules BR: Base Rent and NonCommercial Rental Revenue. An Analyst Adjustment has been made to reflect estimated 28 tax amounts, calculated by applying the 27 tax rate to the 28 proposed value from the tax assessor's website. See Schedules PT&TB: Property Taxes and Tax Bill Analysis. An Analyst Adjustment has been made to Insurance Expense to reflect Seller's current insurance premiums per invoices for the coverage period 4/3/7 4/3/8. See Schedule I: Insurance. Analyst have been made to General & Administrative Expense to exclude nonrecurring telephone switch reconfiguration and information software expenses and nonoperating ball park tax expense. See Schedule GA: General & Administrative. Analyst have been made to Professional Fees & Services Expense to exclude nonrecurring legal fees and nonoperating audit expenses. See Schedule PF: Professional Fees & Services. An Analyst Adjustment has been made to Repairs & Maintenance Expense to reflect a 5% increase in cleaning contract expense. See Schedules RM: Repairs & Maintenance and SC: Service Contract Analysis. Analyst Adjustment have been made to Repairs & Maintenance Expense to exclude nonrecurring expenses as follows: Structural repairs related to a roof leak, Common Area repairs related to garage lighting, Site Systems Contract related to removal of a tree, Repairs Contract related to bathroom repairs and roof leak repair, HVAC Contract/Materials related to equipment replacement, boiler cleaning and equipment repair, Emergency Preparedness related to light installation, Other Contract Services related to garage repair, and Other Operating/Maint Expenses related to a leak. See Schedule RM: Repairs & Maintenance. An Analyst Adjustment has been made to Repairs & Maintenance Expense to exclude nonoperating ongoing Environmental apartment mold remediation expenses. See Schedule RM: Repairs & Maintenance. Management Fees have been calculated based on 4.% of Total Income. See Schedule MF: Management Fee. In accordance with 's Underwriting Guidelines for this asset, Reserves for Replacement have been calculated at $2 per Unit. See Schedule RR: Replacement Reserves. All NonOperating Expenses are excluded from the Financial Analysis. See Schedules DS: Debt Service and NOE: Other NonOperating. Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338

Schedule BR: Base Rent Trailing 2 Mos 2/3/25 2/3/26 2//6/3/7 's Draft Year Analyst In Place Amount U/W Amount BR Gross Potential Rent $ 5,979,258 $ 6,32,48 $ 6,64,899 $ 6,923,884 $ $ 6,64,899 $ (6,64,899) $ See below. BR 2 Vacancy $ (564,23) $ (264,688) $ (87,267) $ (9,474) $ $ (87,267) $ 87,267 $ See below. BR 3 Concessions $ (3,472) $ (73,624) $ (5,743) $ $ $ (5,743) $ 5,743 $ See below. BR 4 Bad Debt $ $ $ $ (5,929) $ $ $ 6,58,355 $ 6,58,355 See below. BR 5 $ $ $ $ $ $ $ $ BR 6 $ $ $ $ $ $ $ $ BR 7 $ $ $ $ $ $ $ $ BR 8 $ $ $ $ $ $ $ $ BR 9 $ $ $ $ $ $ $ $ BR $ $ $ $ $ $ $ $ BR $ $ $ $ $ $ $ $ BR 2 $ $ $ $ $ $ $ $ BR 3 $ $ $ $ $ $ $ $ BR 4 $ $ $ $ $ $ $ $ BR 5 $ $ $ $ $ $ $ $ 5,3,555 $ 5,882,97 $ 6,337,889 $ 6,68,48 $ $ 6,337,889 $ 243,465 $ 6,58,355 57, 56, 55, 54, 53, 52, 5, Trailing 2 Month Trend $8,, $6,, $4,, $2,, 5, 49, $ 2 3 4 5 6 7 8 9 2 In Place Amounts for Base Rent are based on the rental income for the twelve months ending /3/7 per Seller s historical operating statements. Underwritten amounts for Base Rent are based on the economic occupancy achieved over the past 2 months as applied against the current annualized Gross Potential Rent. No adjustment has been made based on the increased economic occupancy achieved over the past 3 months. Any such adjustment is left to the discretion of. Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338

NonCommercial Rental Revenue Current Year Month Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month Month Month 2 Market Rent $ 6,64,899 $ 543,65 $ 546,82 $ 542,672 $ 543,635 $ 545,93 $ 546,48 $ 547,77 $ 555,776 $ 56,365 $ 565,853 $ 567,9 $ 574,667 Loss to Lease $ $ $ $ $ $ $ $ $ $ $ $ $ Gain to Lease $ $ $ $ $ $ $ $ $ $ $ $ $ Other Market Rent Adj. $ $ $ $ $ $ $ $ $ $ $ $ $ Other Market Rent Adj. 2 $ $ $ $ $ $ $ $ $ $ $ $ $ Gross Potential Rent $ 6,64,899 $ 543,65 $ 546,82 $ 542,672 $ 543,635 $ 545,93 $ 546,48 $ 547,77 $ 555,776 $ 56,365 $ 565,853 $ 567,9 $ 574,667 Vacancy $ (87,267) $ (3,99) $ (8,96) $ (,274) $ (,394) $ (,29) $ (6,368) $ (6,82) $ (28,43) $ (3,8) $ (6,39) $ (9,845) $ (,976) Concessions $ (5,743) $ (3,687) $ (5,643) $ (8,698) $ (6,777) $ (5,969) $ (8,55) $ (8,569) $ (2,927) $ (5,82) $ (7,85) $ (5,888) $ (5,46) Bad Debt $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Other GPR Adj. $ $ $ $ $ $ $ $ $ $ $ $ $ Other GPR Adj. $ $ $ $ $ $ $ $ $ $ $ $ $ Other GPR Adj. $ $ $ $ $ $ $ $ $ $ $ $ $ Total Rental $ (33,9) $ (27,67) $ (24,559) $ (9,973) $ (8,72) $ (7,98) $ (24,874) $ (24,65) $ (4,34) $ (47,62) $ (23,955) $ (5,732) $ (7,436) Rental Revenue $ 6,337,889 $ 56,44 $ 52,523 $ 522,7 $ 525,463 $ 528,832 $ 52,534 $ 523,9 $ 54,435 $ 53,753 $ 54,898 $ 55,358 $ 557,23 Physical Occupancy 97% 97% 98% 98% 98% 98% 97% 97% 95% 94% 97% 98% 98% Economic Occupancy 95% 95% 96% 96% 97% 97% 95% 95% 93% 92% 96% 97% 97% General Comments In accordance with 's Underwriting Guidelines for this Asset, Underwritten Rental Revenue shall be calculated as follows: Current Month Gross Potential Rent $ 574,667 x2 Annualized Gross Potential Rent $ 6,896,4 Average Economic Occupancy over past twelve (2) months 95% Underwritten Rental Income $ 6,58,355 See Schedule BR for. Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338

RR DATE: /25/28 # Unit # Tenant Name Lease Start Lease End Per Rent Roll Current Rent Sec. Dep. Market Rent A/R Delinq. Lease Start Per Lease Review (If Different) Lease End Current Rent Sec. Dep. Market Rent 27B <Tenant Name Intentionally Deleted> 8/28/26 2/5/26 $,5 $ 8/25/6 $,55 2 225E <Tenant Name Intentionally Deleted> /6/2 /3/26 $ 95 $ 2//5 3 323G <Tenant Name Intentionally Deleted> 6/2/998 9/3/27 $ 93 $ //6 4 59A <Tenant Name Intentionally Deleted> 2/4/999 /3/27 $ 89 $ 2//6 5 67C <Tenant Name Intentionally Deleted> 4/22/25 MTM $ 865 $ //6 9/3/7 6 76E <Tenant Name Intentionally Deleted> 6/4/2 6/3/27 $ 92 $ 7//6 Tenant ledger shows rent as $5 plus $5 for MTM fee (total $55). Lease does not mention MTM fee; just shows rent amt equal to Tenant Ledger total. Renewal: 2//6/3/7 @ $95/mo. No comment. No comment. Renewed as of //6 and went off MTM. No comment. 7 832G <Tenant Name Intentionally Deleted> 5/23/994 /3/26 $ 8 $ 2//5 $ 76 8 28A <Tenant Name Intentionally Deleted> 8/2/26 7/3/27 $ 955 $ 9 33C <Tenant Name Intentionally Deleted> 4/7/26 /3/26 $ 86 $ 7/3/6 $, 235E <Tenant Name Intentionally Deleted> 7/7/26 /3/27 $ 985 $ $,85 337G <Tenant Name Intentionally Deleted> 9/24/24 8/3/27 $ 95 $ 9//6 2 58B <Tenant Name Intentionally Deleted> 8/25/26 7/3/27 $,5 $ 3 683D <Tenant Name Intentionally Deleted> 2/2/23 /3/26 $ 93 $ //6 2/3/6 4 736F <Tenant Name Intentionally Deleted> 7//25 6/3/27 $,65 $ 7//6 5 838D <Tenant Name Intentionally Deleted> /25/25 /3/26 $ 85 $ //6 $ 87 6 7 8 9 2 2 22 23 24 25 26 27 28 29 3 3 32 33 34 35 36 37 38 39 4 4 42 43 44 45 46 47 48 49 5 Tenant ledger shows rent as $8 less $5 senior concession (total $76). Lease rent amount is $76; there is a $5/mo concession agmt attached to lease which apparently was signed after notice of current rent increase. Renewal: 2//6/3/7 @ $8/mo including $5/mo concession from $86 base. No comment. Tenant ledger shows rent as $86 plus $5 for MTM fee (total $). Lease does not mention MTM fee; just shows rent amt equal to Tenant Ledger total. Tenant ledger shows rent as $985 plus $ for MTM fee (total $85). Lease does not mention MTM fee; just shows rent amt equal to Tenant Ledger total. No comment. No comment. No comment. No comment. Renewal: //6/3/7 @ $87/mo. Tenant Ledger shows tenant has made first payment of renewal rent. Lease review limited to 5.% in accordance with Consulting Agreement terms. Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338

Bank: Account #: <Intentionally Deleted> <Intentionally Deleted> Schedule BS: Bank Statement Analysis Account Name: <Intentionally Deleted> Item Trailing2 Month Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month Month Month 2 Total Deposits Per Bank $ 6,64,368 $ $ 76,24 $ 542,59 $ 73,585 $ 56,687 $ 57,597 $ 569,893 $ 558,396 $ 593, $ 555,95 $ 68,57 $ 589,46 Deposits Deposit Adj $ (225,) $ $ (55,) $ $ (7,) $ $ $ $ $ $ $ $ Deposit Adj 2 $ (25,) $ $ (25,) $ $ $ $ $ $ $ $ $ $ Deposit Adj 3 $ $ $ $ $ $ $ $ $ $ $ $ $ Deposit Adj 4 $ $ $ $ $ $ $ $ $ $ $ $ $ Deposit Adj 5 $ $ $ $ $ $ $ $ $ $ $ $ $ Deposit Adj 6 $ $ $ $ $ $ $ $ $ $ $ $ $ Deposit Adj 7 $ $ $ $ $ $ $ $ $ $ $ $ $ Deposit Adj 8 $ $ $ $ $ $ $ $ $ $ $ $ $ Deposit Adj 9 $ $ $ $ $ $ $ $ $ $ $ $ $ Deposit Adj $ $ $ $ $ $ $ $ $ $ $ $ $ Deposit Adj $ $ $ $ $ $ $ $ $ $ $ $ $ Deposit Adj 2 $ $ $ $ $ $ $ $ $ $ $ $ $ Deposit Adj 3 $ $ $ $ $ $ $ $ $ $ $ $ $ Deposit Adj 4 $ $ $ $ $ $ $ $ $ $ $ $ $ Deposit Adj 5 $ $ $ $ $ $ $ $ $ $ $ $ $ Deposit Adj 6 $ $ $ $ $ $ $ $ $ $ $ $ $ Deposit Adj 7 $ $ $ $ $ $ $ $ $ $ $ $ $ Deposit Adj 8 $ $ $ $ $ $ $ $ $ $ $ $ $ Deposit Adj 9 $ $ $ $ $ $ $ $ $ $ $ $ $ Deposit Adj 2 $ $ $ $ $ $ $ $ $ $ $ $ $ Deposit Adj 2 $ $ $ $ $ $ $ $ $ $ $ $ $ Deposit Adj 22 $ $ $ $ $ $ $ $ $ $ $ $ $ Deposit Adj 23 $ $ $ $ $ $ $ $ $ $ $ $ $ Deposit Adj 24 $ $ $ $ $ $ $ $ $ $ $ $ $ Deposit Adj 25 $ $ $ $ $ $ $ $ $ $ $ $ $ Total Deposit $ (35,) $ $ (8,) $ $ (7,) $ $ $ $ $ $ $ $ Adjusted Total Deposits $ 6,29,368 $ $ 58,24 $ 542,59 $ 56,585 $ 56,687 $ 57,597 $ 569,893 $ 558,396 $ 593, $ 555,95 $ 68,57 $ 589,46 Total Rev per Op. Stmts. $ 6,239,35 $ $ 558,636 $ 555,64 $ 56,37 $ 564,67 $ 562,6 $ 564,34 $ 553,47 $ 56,38 $ 58,342 $ 583,834 $ 594,942 Difference $ (52,7) $ $ (22,388) $ 3,48 $ (,448) $ 3,92 $ (9,537) $ (5,588) $ (4,926) $ (32,63) $ 26,247 $ (24,673) $ 5,526 %.8% 4% 2% % % 2% % % 6% 5% 4% % General Comments Deposit adjustments are for nonoperating transfers. Seller has not provided the December 26 bank statement for review. Therefore, this analysis has been limited to the months January through November 27. Overall (negative) variance is.8%. No further investigation is recommended. Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338

Schedule OI: Other Income Trailing 2 Mos 2/3/25 2/3/26 2//6/3/7 's Draft Year Analyst In Place Amount U/W Amount OI Parking $ 26,546 $ 2,447 $ 223,756 $ 28,25 $ $ 223,756 $ $ 223,756 See below. OI 2 Storage $ 6,72 $ 9,76 $ 2,355 $ $ $ 2,355 $ $ 2,355 OI 3 Party Room Rental $ 2,6 $,837 $ 2,57 $ $ $ 2,57 $ $ 2,57 OI 4 Vending Commissions $ 832 $ 364 $,39 $ $ $,39 $ $,39 OI 5 Lock Out Fee $ $ $ 5 $ $ $ 5 $ $ 5 OI 6 Common Area/Amenity Rent $ 42,4 $ 42, $ 43,4 $ $ $ 43,4 $ $ 43,4 OI 7 Late Charges $ 8,539 $ 9,74 $ 9,96 $ $ $ 9,96 $ $ 9,96 OI 8 NSF Fees $ 55 $,25 $ 935 $ $ $ 935 $ $ 935 OI 9 Current Tenant Damages/Remodel $ 775 $ 4,47 $ 2,27 $ $ $ 2,27 $ $ 2,27 OI Transfer Fee $ $ 6 $ 3 $ $ $ 3 $ $ 3 OI Fitness Center Card Rental $ 469 $,5 $,4 $ $ $,4 $ $,4 OI 2 Laundry $ 52,75 $ 54,859 $ 54,5 $ $ $ 54,5 $ $ 54,5 OI 3 Telephone $ 29,534 $ 2,954 $,376 $ $ $,376 $ $,376 OI 4 Collections $ 4 $ 68 $ 4,455 $ $ $ 4,455 $ $ 4,455 OI 5 Miscellaneous $ 44,23 $ 52,99 $ 53,73 $ $ $ 53,73 $ $ 53,73 See below. OI 6 Application Fees $ 4,55 $ 6,238 $ 5,974 $ $ $ 5,974 $ $ 5,974 OI 7 Attorney Commission/Reimbursements $ (2) $ 696 $ 5 $ $ $ 5 $ $ 5 OI 8 Other $ $ $ $ 22,22 $ $ $ $ OI 9 $ $ $ $ $ $ $ $ OI 2 $ $ $ $ $ $ $ $ OI 2 $ $ $ $ $ $ $ $ OI 22 $ $ $ $ $ $ $ $ OI 23 $ $ $ $ $ $ $ $ OI 24 $ $ $ $ $ $ $ $ OI 25 $ $ $ $ $ $ $ $ 429,285 $ 436,85 $ 446,829 $ 483,246 $ $ 446,829 $ $ 446,829 5, 45, 4, 35, 3, 25, 2, 5,, 5, Trailing 2 Month Trend $5, $48, $46, $44, $42, $4, 2 3 4 5 6 7 8 9 2 Miscellaneous Other Income primarily includes hospitality suite use fees. Other fee income is also included. 's budgeted Parking Income is significantly higher than historical amounts per Seller's historical operating statements. Any adjustment to Other Income based on budgeted amounts is left to the discretion of. Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338

Schedule PT: Property Taxes Trailing 2 Mos 2/3/25 2/3/26 2//6/3/7 's Draft Year Analyst In Place Amount U/W Amount PT Real Estate Taxes $ 29,99 $ 3,349 $ 339,68 $ 43,935 $ 9,983 $ 43,5 $ $ 43,5 See below. PT 2 $ $ $ $ $ $ $ $ PT 3 $ $ $ $ $ $ $ $ PT 4 $ $ $ $ $ $ $ $ PT 5 $ $ $ $ $ $ $ $ PT 6 $ $ $ $ $ $ $ $ PT 7 $ $ $ $ $ $ $ $ PT 8 $ $ $ $ $ $ $ $ PT 9 $ $ $ $ $ $ $ $ PT $ $ $ $ $ $ $ $ PT $ $ $ $ $ $ $ $ PT 2 $ $ $ $ $ $ $ $ PT 3 $ $ $ $ $ $ $ $ PT 4 $ $ $ $ $ $ $ $ PT 5 $ $ $ $ $ $ $ $ 29,99 $ 3,349 $ 339,68 $ 43,935 $ 9,983 $ 43,5 $ $ 43,5 8, 6, 4, Trailing 2 Month Trend $5, $4, 2,, 8, 6, 4, 2, $3, $2, $, $ 2 3 4 5 6 7 8 9 2 An Analyst Adjustment has been made to reflect estimated 28 tax amounts, calculated by applying the 27 tax rate to the 28 proposed value from the tax assessor's website. See Schedule TB: Tax Bill Analysis. Any further adjustment is left to the discretion of. Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338

Schedule TB: Tax Bill Analysis Previous 2 Tax Year: 26 Taxing Jurisdiction Parcel # Market Value Assessed Value Tax Rate Tax TB 79256589 <Intentionally Deleted> $ 33,842,3 $ 33,842,3 $.92 $ 3,349 TB 2 $ $ $ $ TB 3 $ $ $ $ TB 4 $ $ $ $ TB 5 $ $ $ $ TB 6 $ $ $ $ TB 7 $ $ $ $ TB 8 $ $ $ $ TB 9 $ $ $ $ TB $ $ $ $ Total All Parcels All Jurisdictions $ 33,842,3 $ 33,842,3.92% $ 3,349 Previous 2 Tax Year: 27 Taxing Jurisdiction Parcel # Market Value Assessed Value Tax Rate Tax TB 79256589 <Intentionally Deleted> $ 38,53,48 $ 38,53,48 $.88 $ 339,68 TB 2 $ $ $ $ TB 3 $ $ $ $ TB 4 $ $ $ $ TB 5 $ $ $ $ TB 6 $ $ $ $ TB 7 $ $ $ $ TB 8 $ $ $ $ TB 9 $ $ $ $ TB 2 $ $ $ $ Total All Parcels All Jurisdictions $ 38,53,48 $ 38,53,48.88% $ 339,68 Current Tax Year: 28 Taxing Jurisdiction Parcel # Market Value Assessed Value Tax Rate Tax TB 2 79256589 <Intentionally Deleted> $ 48,983, $ 48,983, $.88 $ 43,5 TB 22 $ $ $ $ TB 23 $ $ $ $ TB 24 $ $ $ $ TB 25 $ $ $ $ TB 26 $ $ $ $ TB 27 $ $ $ $ TB 28 $ $ $ $ TB 29 $ $ $ $ TB 3 $ $ $ $ Total All Parcels All Jurisdictions $ 48,983, $ 48,983,.88% $ 43,5 Proposed Tax Tax Rate Taxing Proposed Market Proposed (Weighted Avg Parcel # Jurisdiction Value Assessed Value Curr Yr.) Proposed Tax Total All Parcels All Jurisdictions $ $.88% $ Tax detail for and is from actual tax bills. Current Year Market and Assessed Value is the 28 proposed value from the County assessor's website. Current Year Tax amount is based on the (27) tax rate applied to the 28 proposed value. Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338

Schedule U: Utilities Trailing 2 Mos 2/3/25 2/3/26 2//6/3/7 's Draft Year Analyst In Place Amount U/W Amount U Electric Vacancies $ 235,956 $ 267,7 $ 236,46 $ $ $ 236,46 $ $ 236,46 U 2 Water/Sewer $ 75,245 $ 72,794 $ 84,752 $ $ $ 84,752 $ $ 84,752 U 3 Natural Gas $ 89,585 $ 93,96 $ 2,464 $ $ $ 2,464 $ $ 2,464 U 4 Propane/Fuel Oil $ 33,988 $ 4,758 $ $ $ $ $ $ U 5 $ $ $ $ 685,45 $ $ $ $ See below. U 6 $ $ $ $ $ $ $ $ U 7 $ $ $ $ $ $ $ $ U 8 $ $ $ $ $ $ $ $ U 9 $ $ $ $ $ $ $ $ U $ $ $ $ $ $ $ $ U $ $ $ $ $ $ $ $ U 2 $ $ $ $ $ $ $ $ U 3 $ $ $ $ $ $ $ $ U 4 $ $ $ $ $ $ $ $ U 5 $ $ $ $ $ $ $ $ 534,774 $ 538,628 $ 52,633 $ 685,45 $ $ 52,633 $ $ 52,633 6, Trailing 2 Month Trend $8, 5, 4, 3, 2,, $6, $4, $2, $ 2 3 4 5 6 7 8 9 2 No adjustment has been made based on 's anticipated increase in Utilities Expense. Any such adjustment is left to the discretion of. Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338

Schedule I: Insurance Trailing 2 Mos 2/3/25 2/3/26 2//6/3/7 's Draft Year Analyst In Place Amount U/W Amount I Umbrella $ 2,66 $ 2,492 $ 2,489 $ $ $ 2,489 $ $ 2,489 See below. I 2 Property & Liability $ 82,986 $ 84,33 $ 84,597 $ $ 65 $ 84,662 $ $ 84,662 See below. I 3 $ $ $ $ 9,8 $ $ $ $ I 4 $ $ $ $ $ $ $ $ I 5 $ $ $ $ $ $ $ $ I 6 $ $ $ $ $ $ $ $ I 7 $ $ $ $ $ $ $ $ I 8 $ $ $ $ $ $ $ $ I 9 $ $ $ $ $ $ $ $ I $ $ $ $ $ $ $ $ I $ $ $ $ $ $ $ $ I 2 $ $ $ $ $ $ $ $ I 3 $ $ $ $ $ $ $ $ I 4 $ $ $ $ $ $ $ $ I 5 $ $ $ $ $ $ $ $ 95,648 $ 96,525 $ 97,86 $ 9,8 $ 65 $ 97,5 $ $ 97,5 8, 8,95 8,9 8,85 8,8 8,75 Trailing 2 Month Trend $98, $96, $94, $92, $9, $88, 2 3 4 5 6 7 8 9 2 An Analyst Adjustment has been made to Insurance Expense to reflect Seller's current insurance premiums per invoices for the coverage period 4/3/7 4/3/8. Any further adjustment is left to the discretion of. Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338

Schedule GA: General & Administrative Trailing 2 Mos 2/3/25 2/3/26 2//6/3/7 's Draft Year Analyst In Place Amount U/W Amount GA Credit Checks $ 7,424 $ 7,329 $ 6,987 $ $ $ 6,987 $ $ 6,987 GA 2 Fitness/Business Center $ 2,72 $ 6,996 $ 8,569 $ $ $ 8,569 $ $ 8,569 GA 3 Employee Promotions $ 95 $,578 $,243 $ $ $,243 $ $,243 GA 4 Office Supplies $ 5,45 $ 5,427 $ 5,58 $ $ $ 5,58 $ $ 5,58 GA 5 Postage & Shipping $ 2, $ 2,433 $ 3,579 $ $ $ 3,579 $ $ 3,579 GA 6 Printing Letterhead, Brochure $ 2,597 $ 69 $ 923 $ $ $ 923 $ $ 923 GA 7 Licenses/Permits/Fees $ 8,327 $ 7,359 $ 7,743 $ $ $ 7,743 $ $ 7,743 GA 8 Telephone $ 4,495 $ 27,6 $ 7,487 $ $ (,25) $ 6,362 $ $ 6,362 See below. GA 9 Pager Service $ 5,588 $ 7,9 $ 7,27 $ $ $ 7,27 $ $ 7,27 GA Employee Education $ 2,64 $,785 $ 45 $ $ $ 45 $ $ 45 GA Copier Lease & Supplies $ 2,58 $,962 $,873 $ $ $,873 $ $,873 GA 2 Dues & Subscriptions $ $,97 $ 53 $ $ $ 53 $ $ 53 GA 3 Mileage Reimbursement $ 2 $ $ 27 $ $ $ 27 $ $ 27 GA 4 Office Furn/Equip/Hardware $,72 $ 39 $ 266 $ $ $ 266 $ $ 266 GA 5 Information Tech/Software $ 3,755 $ 29,67 $ 8,929 $ $ (,88) $ 7,84 $ $ 7,84 See below. GA 6 Other Admin $ 7,57 $ 2,779 $ 829 $ $ $ 829 $ $ 829 GA 7 Donations $ 35 $ 35 $ 3 $ $ $ 3 $ $ 3 GA 8 Bank Charges $ 37 $ 269 $ 38 $ $ $ 38 $ $ 38 GA 9 Other Taxes and Fees $ 3,648 $ 4,949 $ 22,44 $ $ (5,5) $ 6,94 $ $ 6,94 See below. GA 2 DC Sales/Use Tax $ 26,447 $ 25,254 $ 26,959 $ $ $ 26,959 $ $ 26,959 GA 2 $ $ $ $ 228,5 $ $ $ $ See below. GA 22 Other $ $ $ $ 8,5 $ $ $ $ See below. 7,638 $ 44,247 $ 3,765 $ 236,65 $ (7,73) $ 23,52 $ $ 23,52 3, 25, 2, 5,, 5, Trailing 2 Month Trend $25, $2, $5, $, $5, $ 2 3 4 5 6 7 8 9 2 Per Seller's general ledger, Other Taxes and Fees includes personal property tax and ball park tax. Analyst have been made to General & Administrative Expense to exclude nonrecurring telephone switch reconfiguration and information software expenses and nonoperating ball park tax expense. No adjustment has been made based on 's anticipated increase in General & Administrative Expense. Any such adjustment is left to the discretion of. Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338

Schedule PF: Professional Fees & Services Trailing 2 Mos 2/3/25 2/3/26 2//6/3/7 's Draft Year Analyst In Place Amount U/W Amount PF Legal $ 54,358 $ 26,73 $ 5,593 $ $ (,26) $ 4,377 $ $ 4,377 See below. PF 2 Audit $ 5, $ 5, $ 2,799 $ $ (2,799) $ $ $ See below. PF 3 Accounting $ 39,567 $ 2,89 $ 7,69 $ $ $ 7,69 $ $ 7,69 See below. PF 4 $ $ $ $ $ $ $ $ PF 5 $ $ $ $ $ $ $ $ PF 6 $ $ $ $ $ $ $ $ PF 7 $ $ $ $ $ $ $ $ PF 8 $ $ $ $ $ $ $ $ PF 9 $ $ $ $ $ $ $ $ PF $ $ $ $ $ $ $ $ PF $ $ $ $ $ $ $ $ PF 2 $ $ $ $ $ $ $ $ PF 3 $ $ $ $ $ $ $ $ PF 4 $ $ $ $ $ $ $ $ PF 5 $ $ $ $ $ $ $ $ 8,925 $ 62,64 $ 54,56 $ $ (33,5) $ 2,546 $ $ 2,546 8, 6, 4, 2,, 8, 6, 4, 2, Trailing 2 Month Trend $2, $, $8, $6, $4, $2, $ 2 3 4 5 6 7 8 9 2 Analyst have been made to Professional Fees & Services Expense to exclude nonrecurring legal fees and nonoperating audit expenses. Accounting expenses include monthly rent control services. Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338

Schedule RM: Repairs & Maintenance Trailing 2 Mos 2/3/25 2/3/26 2//6/3/7 's Draft Year Analyst In Place Amount U/W Amount RM Apt Cleaning Contractor $ 2,59 $,98 $ 3,336 $ $ $ 3,336 $ $ 3,336 RM 2 Carpet/HF Cleaning Contract $ 24,828 $ 24,385 $ 9,855 $ $ $ 9,855 $ $ 9,855 RM 3 Exterminating $ 3,56 $ 3,395 $ 3,952 $ $ $ 3,952 $ $ 3,952 RM 4 Common Area/Amenity Cleaning $ 8,584 $ 83,487 $ 83,384 $ $ 3,86 $ 87,9 $ $ 87,9 See below. RM 5 Trash Removal $ 3,74 $ 26,97 $ 26,828 $ $ $ 26,828 $ $ 26,828 RM 6 Structural Repair $ 9,76 $ 9,536 $ 2,2 $ $ (,2) $ 92 $ $ 92 See below. RM 7 Common Area/Amenity Repairs $ 3,373 $ 29,945 $ 27,89 $ $ (2,448) $ 25,37 $ $ 25,37 See below. RM 8 Environmental $ 9,585 $ 9,357 $ 2,5 $ $ (2,5) $ $ $ See below. RM 9 Site System Contract/Supplies $ 26,3 $ 2,973 $ 22,983 $ $ (2,385) $ 2,598 $ $ 2,598 See below. RM Snow & Ice Removal $ 95 $ $ 2,287 $ $ $ 2,287 $ $ 2,287 RM Repairs Materials $ 3,83 $ 39,222 $ 53,673 $ $ $ 53,673 $ $ 53,673 See below. RM 2 Repairs Contract $ 42,998 $ 39,498 $ 4,94 $ $ (7,892) $ 23,22 $ $ 23,22 See below. RM 3 HVAC Contract/Materials $ 44,49 $ 42,582 $ 28,738 $ $ (,972) $ 6,766 $ $ 6,766 See below. RM 4 Facility Safety Equipment $ 6,28 $,896 $ 5,7 $ $ $ 5,7 $ $ 5,7 RM 5 Emergency Preparedness $ 5,58 $ 7,34 $ 9,725 $ $ (,48) $ 8,677 $ $ 8,677 See below. RM 6 Elevator Contractor $ 5,773 $ 23,784 $ 23,364 $ $ $ 23,364 $ $ 23,364 RM 7 Security/Protection Service $ 84,59 $ 56,226 $ 5,66 $ $ $ 5,66 $ $ 5,66 RM 8 Other Contract Services $ 2,546 $ 8,562 $ 5,97 $ $ (,3) $ 4,67 $ $ 4,67 See below. RM 9 Interior Painting Contract $ 5,983 $ 55,82 $ 45,923 $ $ $ 45,923 $ $ 45,923 RM 2 Other Opg/Maint $ 22,928 $ 8,285 $ 2,75 $ $ (6,9) $ 5,795 $ $ 5,795 See below. RM 2 Tools/Equipment $ 2,397 $,42 $ 932 $ $ $ 932 $ $ 932 RM 2 Maint Uniforms $ 4,388 $ 4,489 $ 3,747 $ $ $ 3,747 $ $ 3,747 RM 23 Laundry Facility $,46 $,9 $ $ $ $ $ $ RM 24 $ $ $ $ 33,63 $ $ $ $ See below. RM 25 $ $ $ $ $ $ $ $ 58,67 $ 52,92 $ 57,94 $ 33,63 $ (53,498) $ 453,695 $ $ 453,695 6, 5, 4, 3, 2,, Trailing 2 Month Trend $7, $6, $5, $4, $3, $2, $, $ 2 3 4 5 6 7 8 9 2 Per Seller's general ledger, Common Area/Amenity Cleaning includes contract cleaning and other costs. An Analyst Adjustment has been made to Repairs & Maintenance Expense to reflect a 5% increase in cleaning contract expense. See Schedule SC: Service Contract Analysis. Per Seller's general ledger, Site System Contract/Supplies includes outdoor landscaping contract and other costs, as well as seasonal color and indoor plants expenses. For landscaping and indoor plant contract amounts, see Schedule SC: Service Contract Analysis. Per Seller's general ledger, Repairs Materials includes materials for apartment repairs, lightbulbs, and appliance repair and replacement expenses. Per Seller's general ledger, Repairs Contract includes various apartment repairs expenses. Per Seller's general ledger, HVAC Contract/Materials and Elevator Contractor include contract maintenance and other costs. For contract amounts, see Schedule SC: Service Contract Analysis. Analyst have been made to Repairs & Maintenance Expense to exclude nonrecurring expenses as follows: Structural repairs related to a roof leak, Common Area repairs related to garage lighting, Site Systems Contract related to removal of a tree, Repairs Contract related to apartment electrical and bathroom repairs and roof leak repair, HVAC Contract/Materials related to equipment replacement, boiler cleaning and equipment repair, Emergency Preparedness related to light installation, Other Contract Services related to garage repair, and Other Operating/Maint Expenses related to a leak. An Analyst Adjustment has been made to Repairs & Maintenance Expense to exclude nonoperating ongoing Environmental apartment mold remediation expenses. No adjustment has been made based on 's anticipated decrease in Repairs & Maintenance Expense. Any such adjustment is left to the discretion of. 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338

Schedule AP: Advertising & Promotion Trailing 2 Mos 2/3/25 2/3/26 2//6/3/7 's Draft Year Analyst In Place Amount U/W Amount AP Advertising $ 38,3 $ 22,73 $, $ $ $, $ $, See below. AP 2 Hospitality Suite $ 9,23 $ 2,327 $ 2,365 $ $ $ 2,365 $ $ 2,365 AP 3 Resident Promotions $ 5,72 $ 2,466 $ 4,969 $ $ $ 4,969 $ $ 4,969 AP 4 $ $ $ $ 27,6 $ $ $ $ See below. AP 5 $ $ $ $ $ $ $ $ AP 6 $ $ $ $ $ $ $ $ AP 7 $ $ $ $ $ $ $ $ AP 8 $ $ $ $ $ $ $ $ AP 9 $ $ $ $ $ $ $ $ AP $ $ $ $ $ $ $ $ AP $ $ $ $ $ $ $ $ AP 2 $ $ $ $ $ $ $ $ AP 3 $ $ $ $ $ $ $ $ AP 4 $ $ $ $ $ $ $ $ AP 5 $ $ $ $ $ $ $ $ AP 6 $ $ $ $ $ $ $ $ AP 7 $ $ $ $ $ $ $ $ AP 8 $ $ $ $ $ $ $ $ 62,226 $ 46,866 $ 37,434 $ 27,6 $ $ 37,434 $ $ 37,434 9, 8, 7, 6, 5, 4, 3, 2,, Trailing 2 Month Trend $7, $6, $5, $4, $3, $2, $, $ 2 3 4 5 6 7 8 9 2 Per Seller's general ledger, monthly ads with the Fayetteville Post ended in June 27. No adjustment has been made based on 's anticipated decrease in Advertising & Promotion Expense. Any such adjustment is left to the discretion of. Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338

Schedule PR: Payroll Trailing 2 Mos 2/3/25 2/3/26 2//6/3/7 's Draft Year Analyst In Place Amount U/W Amount PR Other Admin Payroll $ 46,27 $ 62,724 $ 65,246 $ $ $ 65,246 $ $ 65,246 PR 2 Assistant Manager Payroll $ 36,48 $ 37,945 $ 37,756 $ $ $ 37,756 $ $ 37,756 PR 3 Manager Payroll $ 49,255 $ 53,969 $ 56,54 $ $ $ 56,54 $ $ 56,54 PR 4 Leasing Agent Payroll $ 8,8 $ 26,28 $ 25,676 $ $ $ 25,676 $ $ 25,676 PR 5 Maintenance Tech Payroll $ 75,99 $ 8,56 $ 83,374 $ $ $ 83,374 $ $ 83,374 PR 6 Maintenance Supervisor Payroll $ 6,37 $ 62,792 $ 67,32 $ $ $ 67,32 $ $ 67,32 PR 7 Employee Bonuses $ 5,66 $ 5,934 $ 6,5 $ $ $ 6,5 $ $ 6,5 PR 8 Payroll Taxes $ 28,59 $ 3,34 $ 3,934 $ $ $ 3,934 $ $ 3,934 PR 9 FUTA $ 77 $ 799 $ 933 $ $ $ 933 $ $ 933 PR DC Unemployment $ 3,32 $ 3,33 $ 4,78 $ $ $ 4,78 $ $ 4,78 PR Workmen's Comp $ 35,933 $ 8,836 $,99 $ $ $,99 $ $,99 PR 2 Health Insurance $ 7,745 $ 23,543 $ 28,62 $ $ $ 28,62 $ $ 28,62 PR 3 Other BenefitsEmp Contrib $ 4,895 $ 4,526 $ 5,56 $ $ $ 5,56 $ $ 5,56 PR 4 $ $ $ $ 397,565 $ $ $ $ See below. PR 5 $ $ $ $ $ $ $ $ PR 6 $ $ $ $ $ $ $ $ PR 7 $ $ $ $ $ $ $ $ PR 8 $ $ $ $ $ $ $ $ PR 9 $ $ $ $ $ $ $ $ PR 2 $ $ $ $ $ $ $ $ PR 2 $ $ $ $ $ $ $ $ PR 22 $ $ $ $ $ $ $ $ PR 23 $ $ $ $ $ $ $ $ PR 24 $ $ $ $ $ $ $ $ PR 25 $ $ $ $ $ $ $ $ PR 26 $ $ $ $ $ $ $ $ PR 27 $ $ $ $ $ $ $ $ PR 28 $ $ $ $ $ $ $ $ PR 29 $ $ $ $ $ $ $ $ PR 3 $ $ $ $ $ $ $ $ PR 3 $ $ $ $ $ $ $ $ 483,266 $ 53,257 $ 532,8 $ 397,565 $ $ 532,8 $ $ 532,8 7, 6, 5, 4, 3, 2,, Trailing 2 Month Trend $6, $5, $4, $3, $2, $, $ 2 3 4 5 6 7 8 9 2 No adjustment has been made to reflect 's budgeted decrease in Payroll Expense. Any such adjustment is left to the discretion of. For Seller's current staffing detail, see Schedule Staff: Staffing Analysis. Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338

Schedule Staff: Staffing Analysis In Place Payroll Emp Name Title Hourly Rate # HRS / YR Annual Base Salary Annual Emp Benefits % Annual Total Compensation EMP <Employee Name Intentionally Deleted> Property Manager $ $ 56,53.86 7.9% $ 66,626.87 EMP 2 <Employee Name Intentionally Deleted> Asst Manager $ 7.57 2,8 $ 7.9% $ 43,85.34 EMP 3 <Employee Name Intentionally Deleted> Leasing $ $ 3,274.88 7.9% $ 36,87.44 EMP 4 <Employee Name Intentionally Deleted> Chief Engineer $ $ 67,999.88 7.9% $ 8,68.29 EMP 5 <Employee Name Intentionally Deleted> Sr. Maintenance $ 7.96 2,8 $ 7.9% $ 44,4.7 EMP 6 <Employee Name Intentionally Deleted> Asst Maintenance $ 4.97 2,8 $ 7.9% $ 36,79.6 EMP 7 <Employee Name Intentionally Deleted> Front Desk Attendant $ 5.95 2,8 $ 7.9% $ 39,2.76 EMP 8 <Employee Name Intentionally Deleted> Front Desk Attendant $ 3.96 2,8 $ 7.9% $ 34,232.86 EMP 9 <Employee Name Intentionally Deleted> Front Desk Attendant $. 2,8 $ 7.9% $ 26,974.32 EMP <Employee Name Intentionally Deleted> Front Desk Attendant $.,4 $ 7.9% $ 3,487.6 EMP <Employee Name Intentionally Deleted> Pkge Room Attendant $.62 2,8 $ 7.9% $ 28,494.69 EMP 2 <Employee Name Intentionally Deleted> Pkge Room Attendant $.,4 $ 7.9% $ 2,26.5 EMP 3 <Employee Name Intentionally Deleted> Front Desk Attendant $. $ 7.9% $ On call; no set hours or days. EMP 4 <Employee Name Intentionally Deleted> Front Desk Attendant $.,4 $ 7.9% $ 2,26.5 EMP 5 <Employee Name Intentionally Deleted> Front Desk Attendant $.,4 $ 7.9% $ 3,487.6 EMP 6 Bonuses $ $ 6,5. 7.9% $ 8,922. TOTAL 8,72 $ 7,838.62 $ 56,736.42 Proposed Payroll Emp Name Title Hourly Rate # HRS / YR Annual Base Salary Annual Emp Benefits % Annual Total Compensation EMP $ $.% $ EMP 2 $ $.% $ EMP 3 $ $.% $ EMP 4 $ $.% $ EMP 5 $ $.% $ EMP 6 $ $.% $ EMP 7 $ $.% $ EMP 8 $ $.% $ EMP 9 $ $.% $ EMP $ $.% $ TOTAL $ $ In Place Payroll is based on Seller's current payroll detail. Bonuses are based on the 2 months ending /3/7 per Seller's historical operating statements. Benefits % is based on burden and benefits for the last 2 months applied against total payroll for the last 2 months. Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338

Item Vendor Type of Service Annual $ SC SC 2 SC 3 SC 4 SC 5 SC 6 Anderson Elevator Corporation Chamberlain Building Services, Inc. Elevator maintenance $ 8, Common area cleaning $ 79,923 Lawn and Garden Service Company, Inc. Lawn maintenance $ 2,558 Affordable Engineering Corporation Emergency generator maintenance $ 2,582 Georgioa Heating and Cooling Company HVAC maintenance $ 5,887 Secure All Security Services, Inc. Schedule SC: Service Contract Analysis Unarmed security guard $ 38,896 SC 7 Unified Waste Services Trash removal $ 2,452 Contract Term Cancellation Y/N //6 2/3/ Y 7//8 2/3/8 N/A //7 2/3/7 Y 3//7 2/28/8 Y //6 2/3/7 Y //7 2/3/7 Y /5/7 9/3/ Y SC 8 Indoor Plant Displays, Inc. Indoor plant $,44 4/5/4 N/A SC 9 SC TOTAL $ 8,738 Comments Price adjusts annually; 28 rate not provided. Renews for 5year terms. Cancel w/ 6 days' written prior to end of term. Adjustment made to reflect 28 price increase of 5% over 27. See Schedule RM: Repairs & Maintenance. Cancellation not addressed. Includes tax. Renewal not addressed and 28 detail not provided. Cancel w/ 3 days' written notice. Renews annually. Cancel in writing. Plus tax. Renews for year terms; price adjusts annually. Cancel w/ 3 days' written notice prior to end of term. Not signed by Brandywine management. Cost fluctuates with hours worked; minimum is 44 hours/week. Renews for year terms. Cancel Plus cost w/ of 3 extra days' lifts. written Renews notice. for 36 month terms. Cancel w/ 6 days' written notice (certified mail; return receipt) prior to end of term. Plus tax. Term, renewal and cancellation not addressed. Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338

Schedule MF: Management Fee Trailing 2 Mos 2/3/25 2/3/26 2//6/3/7 's Draft Year Analyst In Place Amount U/W Amount MF Management Fees $ 23,243 $ 37,34 $ 32,75 $ 286,589 $ $ 32,75 $ (4,622) $ 28,27 See below. MF 2 $ $ $ $ $ $ MF 3 $ $ $ $ $ $ MF 4 $ $ $ $ $ $ MF 5 $ $ $ $ $ $ 23,243 $ 37,34 $ 32,75 $ 286,589 $ $ 32,75 $ (4,622) $ 28,27 InPlace Total Income $ 6,784,78 Underwritten Total Income $ 7,28,83 In Place Mgmt Fee % 4.74% Underwritten Mgmt Fee % 4% Calculated Annual InPlace Mgmt Fee $ $ 32,75 Calculated Annual U/W Mgmt Fee$ $ 28,27 29 28 27 26 25 24 23 Trailing 2 Month Trend $35, $3, $25, $2, $5, $, $5, $ 2 3 4 5 6 7 8 9 2 Management Fees have been calculated at 4.% in accordance with 's underwriting guidelines for this asset. Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338

Other Expense # () Trailing 2 Mos 2/3/25 2/3/26 2//6/3/7 's Draft Year Analyst In Place Amount U/W Amount OE $ $ $ $ $ $ $ $ OE 2 $ $ $ $ $ $ $ $ OE 3 $ $ $ $ $ $ $ $ OE 4 $ $ $ $ $ $ $ $ OE 5 $ $ $ $ $ $ $ $ OE 6 $ $ $ $ $ $ $ $ OE 7 $ $ $ $ $ $ $ $ OE 8 $ $ $ $ $ $ $ $ OE 9 $ $ $ $ $ $ $ $ OE $ $ $ $ $ $ $ $ OE $ $ $ $ $ $ $ $ OE 2 $ $ $ $ $ $ $ $ OE 3 $ $ $ $ $ $ $ $ OE 4 $ $ $ $ $ $ $ $ OE 5 $ $ $ $ $ $ $ $ OE 6 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Trailing 2 Month Trend $ $ $ $ $ $ 2 3 4 5 6 7 8 9 2 Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338

Other Expense #2 () Trailing 2 Mos 2/3/25 2/3/26 2//6/3/7 's Draft Year Analyst In Place Amount U/W Amount OE2 $ $ $ $ $ $ $ $ OE2 2 $ $ $ $ $ $ $ $ OE2 3 $ $ $ $ $ $ $ $ OE2 4 $ $ $ $ $ $ $ $ OE2 5 $ $ $ $ $ $ $ $ OE2 6 $ $ $ $ $ $ $ $ OE2 7 $ $ $ $ $ $ $ $ OE2 8 $ $ $ $ $ $ $ $ OE2 9 $ $ $ $ $ $ $ $ OE2 $ $ $ $ $ $ $ $ OE2 $ $ $ $ $ $ $ $ OE2 2 $ $ $ $ $ $ $ $ OE2 3 $ $ $ $ $ $ $ $ OE2 4 $ $ $ $ $ $ $ $ OE2 5 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Trailing 2 Month Trend $ $ $ $ $ $ 2 3 4 5 6 7 8 9 2 Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338

Other Expense #3 () Trailing 2 Mos 2/3/25 2/3/26 2//6/3/7 's Draft Year Analyst In Place Amount U/W Amount OE3 $ $ $ $ $ $ $ $ OE3 2 $ $ $ $ $ $ $ $ OE3 3 $ $ $ $ $ $ $ $ OE3 4 $ $ $ $ $ $ $ $ OE3 5 $ $ $ $ $ $ $ $ OE3 6 $ $ $ $ $ $ $ $ OE3 7 $ $ $ $ $ $ $ $ OE3 8 $ $ $ $ $ $ $ $ OE3 9 $ $ $ $ $ $ $ $ OE3 $ $ $ $ $ $ $ $ OE3 $ $ $ $ $ $ $ $ OE3 2 $ $ $ $ $ $ $ $ OE3 3 $ $ $ $ $ $ $ $ OE3 4 $ $ $ $ $ $ $ $ OE3 5 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Trailing 2 Month Trend $ $ $ $ $ $ 2 3 4 5 6 7 8 9 2 Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338

Schedule RR: Replacement Reserves Trailing 2 Mos 2/3/25 2/3/26 2//6/3/7 's Draft Year Analyst In Place Amount U/W Amount RR Replacement Reserves $ $ $ $ 6,2 $ $ $ 6, $ 6, See below. RR 2 $ $ $ $ $ $ $ $ RR 3 $ $ $ $ $ $ $ $ RR 4 $ $ $ $ $ $ $ $ RR 5 $ $ $ $ $ $ $ $ RR 6 $ $ $ $ $ $ $ $ RR 7 $ $ $ $ $ $ $ $ RR 8 $ $ $ $ $ $ $ $ RR 9 $ $ $ $ $ $ $ $ RR $ $ $ $ $ $ $ $ RR $ $ $ $ $ $ $ $ RR 2 $ $ $ $ $ $ $ $ RR 3 $ $ $ $ $ $ $ $ RR 4 $ $ $ $ $ $ $ $ RR 5 $ $ $ $ $ $ $ $ $ $ $ 6,2 $ $ $ 6, $ 6, Trailing 2 Month Trend $7, $6, $5, $4, $3, $2, $, $ 2 3 4 5 6 7 8 9 2 A Adjustment has been made to calculate Replacement Reserves at $2 per unit in accordance with 's underwriting guidelines for this asset. Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338

Schedule DS: Debt Service Trailing 2 Mos 2/3/25 2/3/26 2//6/3/7 's Draft Year Analyst In Place Amount U/W Amount DS Mortgage Interest $,3,4 $ 985,563 $ 968,829 $ $ (968,829) $ $ $ See below. DS 2 $ $ $ $ $ $ $ $ DS 3 $ $ $ $ $ $ $ $ DS 4 $ $ $ $ $ $ $ $ DS 5 $ $ $ $ $ $ $ $ DS 6 $ $ $ $ $ $ $ $ DS 7 $ $ $ $ $ $ $ $ DS 8 $ $ $ $ $ $ $ $ DS 9 $ $ $ $ $ $ $ $ DS $ $ $ $ $ $ $ $ DS $ $ $ $ $ $ $ $ DS 2 $ $ $ $ $ $ $ $ DS 3 $ $ $ $ $ $ $ $ DS 4 $ $ $ $ $ $ $ $ DS 5 $ $ $ $ $ $ $ $,3,4 $ 985,563 $ 968,829 $ $ (968,829) $ $ $ 82, 8,5 8, 8,5 8, 79,5 79, Trailing 2 Month Trend $,2, $,, $8, $6, $4, $2, $ 2 3 4 5 6 7 8 9 2 All NonOperating Expenses are excluded from the Financial Analysis. Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338

Schedule CE: Capital Expenditures Trailing 2 Mos 2/3/25 2/3/26 2//6/3/7 's Draft Year Analyst In Place Amount U/W Amount CE $ $ $ $ $ $ $ $ CE 2 $ $ $ $ $ $ $ $ CE 3 $ $ $ $ $ $ $ $ CE 4 $ $ $ $ $ $ $ $ CE 5 $ $ $ $ $ $ $ $ CE 6 $ $ $ $ $ $ $ $ CE 7 $ $ $ $ $ $ $ $ CE 8 $ $ $ $ $ $ $ $ CE 9 $ $ $ $ $ $ $ $ CE $ $ $ $ $ $ $ $ CE $ $ $ $ $ $ $ $ CE 2 $ $ $ $ $ $ $ $ CE 3 $ $ $ $ $ $ $ $ CE 4 $ $ $ $ $ $ $ $ CE 5 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Trailing 2 Month Trend $ $ $ $ $ $ 2 3 4 5 6 7 8 9 2 Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338

Schedule TI: Tenant Improvements Trailing 2 Mos 2/3/25 2/3/26 2//6/3/7 's Draft Year Analyst In Place Amount U/W Amount TI $ $ $ $ $ $ $ $ TI 2 $ $ $ $ $ $ $ $ TI 3 $ $ $ $ $ $ $ $ TI 4 $ $ $ $ $ $ $ $ TI 5 $ $ $ $ $ $ $ $ TI 6 $ $ $ $ $ $ $ $ TI 7 $ $ $ $ $ $ $ $ TI 8 $ $ $ $ $ $ $ $ TI 9 $ $ $ $ $ $ $ $ TI $ $ $ $ $ $ $ $ TI $ $ $ $ $ $ $ $ TI 2 $ $ $ $ $ $ $ $ TI 3 $ $ $ $ $ $ $ $ TI 4 $ $ $ $ $ $ $ $ TI 5 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Trailing 2 Month Trend $ $ $ $ $ $ 2 3 4 5 6 7 8 9 2 Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338

Schedule LC: Leasing Commissions Trailing 2 Mos 2/3/25 2/3/26 2//6/3/7 's Draft Year Analyst In Place Amount U/W Amount LC $ $ $ $ $ $ $ $ LC 2 $ $ $ $ $ $ $ $ LC 3 $ $ $ $ $ $ $ $ LC 4 $ $ $ $ $ $ $ $ LC 5 $ $ $ $ $ $ $ $ LC 6 $ $ $ $ $ $ $ $ LC 7 $ $ $ $ $ $ $ $ LC 8 $ $ $ $ $ $ $ $ LC 9 $ $ $ $ $ $ $ $ LC $ $ $ $ $ $ $ $ LC $ $ $ $ $ $ $ $ LC 2 $ $ $ $ $ $ $ $ LC 3 $ $ $ $ $ $ $ $ LC 4 $ $ $ $ $ $ $ $ LC 5 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Trailing 2 Month Trend $ $ $ $ $ $ 2 3 4 5 6 7 8 9 2 Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338

Schedule NOE: Non Operating Expense Trailing 2 Mos 2/3/25 2/3/26 2//6/3/7 's Draft Year Analyst In Place Amount U/W Amount NOE Interest from Reserves $ (5,79) $ (24,497) $ (46,896) $ $ 46,896 $ $ $ See below. NOE 2 DC Franchise Tax $ 3,5 $ 87,275 $ 47,5 $ $ (47,5) $ $ $ See below. NOE 3 Other Receipts & Disbursements $ (27,449) $ (233,95) $ 4,72 $ $ (4,72) $ $ $ See below. NOE 4 Amortization & Depreciation $ 67,95 $ 785,895 $ 827,599 $ $ (827,599) $ $ $ See below. NOE 5 $ $ $ $ $ $ $ $ NOE 6 $ $ $ $ $ $ $ $ NOE 7 $ $ $ $ $ $ $ $ NOE 8 $ $ $ $ $ $ $ $ NOE 9 $ $ $ $ $ $ $ $ NOE $ $ $ $ $ $ $ $ NOE $ $ $ $ $ $ $ $ NOE 2 $ $ $ $ $ $ $ $ NOE 3 $ $ $ $ $ $ $ $ NOE 4 $ $ $ $ $ $ $ $ NOE 5 $ $ $ $ $ $ $ $ 688,922 $ 64,758 $ 932,95 $ $ (932,95) $ $ $ 4, 2,, 8, 6, 4, 2, Trailing 2 Month Trend $,, $8, $6, $4, $2, $ 2 3 4 5 6 7 8 9 2 Months All NonOperating Expenses are excluded from the Financial Analysis. Consulting Agreement #: 899 Analysis Date As Of: 2//27 739 McKamy Blvd., Dallas, TX 75248 Email: Barry.Skolnick@BPSkolnick.com Tel: (972) 933 Fax: (972) 93338