San Fernando Valley Portfolio

Investment Highlights

• Attractive Low Basis at Well Below Replacement Cost
• Fully Occupied, Positioned Advantageously in a High-Demand Rental Market
• Significant Upside Potential – Current Rents More Than 25% Below Market
• Northgate is Located in a Qualified Opportunity Zone, Providing Potential Tax Benefits
• Excellent Commuter Access to Over 3.3 Million Jobs