KPH Board Meeting - April 2023 by thirty-four

KENNINGTON PROPERTY HOLDINGS

APRIL

OWNER’S REPORT

2023

KENNINGTON PROPERTY HOLDINGS LTD.

BOARD MEETING AGENDA

April 27, 2023

Review of Minutes

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

1. Income Statement

2. Balance Sheet

3. Budget Comparison Report

4. Accounts Receivable Aging Report

5. General Ledger

6. Bank Reconciliation

7. Rent Roll

8. Management Fee Calculation

ASSET MANAGEMENT REPORTS

1. KPH Cash Flow Summary

2. Cash Flow Projections Summary

3. Leasing Reports

Bradford RETAIL

Bradford FLEX

Bradford RPW (Richardson/Plano/Waters Ridge)

Thirty-Four Commercial

4. Construction/Tenant Improvements

Bent Tree Place – Fire damage & Exterior Renderings

5. Additional Reports Litigation

JPMorgan Investment Summary

6. Old Business Parkway Plaza LOI

7. New Business

“Powder Dry” conversation

Next Meeting – Thursday, May 25, 2023

Adjournment

Board Meeting Minutes

OWNER’S REPORT

KPH - APRIL 2023

APPROVAL OF MARCH 2023 MINUTES

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

OWNER’S REPORT

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

INCOME STATEMENT

OWNER’S REPORT

Kennington Property Holdings Income Statement

Period to Date Year to Date REVENUE RENTAL INCOME Rental Income765,975.132,367,449.42 Rent Abatement-13,700.97-44,824.95 Deferred Rent2,652.037,956.09 Admin. Fees600.001,800.00 Prepaid Rent-4,749.21-118,348.43 TOTAL RENTAL INCOME750,776.982,214,032.13 EXPENSE REIMBURSEMENT Utility Water-1,124.87-1,124.87 CAM Estimate279,409.38782,612.79 Tax Estimate221.00663.00 Electric Estimate5,228.3215,597.88 TOTAL EXPENSE REIMBURSEMENT283,733.83797,748.80 TOTAL REVENUE1,034,510.81 3,011,780.93 OPERATING EXPENSES REIMBURSABLE EXPENSES INSURANCE Insurance0.00103,686.07 TOTAL INSURANCE0.00103,686.07 GROUNDS MAINTENANCE Lawn/Landscape26,116.7286,881.28 Landscaping Improvements1,664.341,664.34 Irrigation Repairs2,897.986,273.94 Parking Lot Cleaning909.302,727.90 TOTAL GROUND MAINTENANCE31,588.3497,547.46 PROPERTY TAXES Taxes0.00-3,004.26 Property Tax Consulting0.0049,313.73 TOTAL PROPERTY TAXES0.0046,309.47 UTILITIES Electricity19,765.5248,398.13 Water24,595.2755,730.94

Period = Mar 2023 6

Kennington Property Holdings Income Statement

Period to Date Year to Date

Period = Mar 2023 Trash Pick Up 22,542.38 46,342.45 Garbage and Recycling 691.34 691.34 TOTAL UTILITIES 67,594.51 151,162.86 BUILDING MAINTENANCE Exterior Lighting 11,187.14 16,758.16 General Maintenance 420.00 2,441.26 Security 544.22 1,632.66 Fire Alarm Systems 3,298.83 14,541.12 Fire Alarm Phone Lines 2,855.86 7,075.61 Porter Services 12,499.50 21,552.93 Exterior Pest Control 7,081.72 12,854.70 Pest Control Services 849.77 1,001.33 Janitorial Services 0.00 22,908.85 Window Washing 3,172.82 7,193.22 Maintenance Wages 18,951.88 56,855.66 Elevator Contract 448.07 603.90 Misc. Repairs - Bldgs 248.98 248.98 Roof Repairs 920.13 920.13 Plumbing Repairs 1,342.56 1,976.54 Maint. Supplies 1,213.59 4,548.87 TOTAL BUILDING MAINTENANCE 65,035.07 173,113.92 MANAGEMENT FEES Management Fees 40,932.83 122,952.40 Management Wages 24,444.27 70,299.53 Administrative Wages 36,988.84 95,702.27 TOTAL MANAGEMENT FEES 102,365.94 288,954.20 TOTAL REIMBURSABLE EXPENSES 266,583.86 860,773.98 NON-REIMBURSABLE EXPENSES NON-CAM ADMIN EXPENSE Marketing Expense 4,530.23 11,965.68 Bank Charges 81.08 234.38 Construction Wages-Non CAM 10,765.02 10,765.02 Office Supplies 2,031.23 5,232.85 Computer Software 6,266.64 24,704.22 Dues and Subscriptions 6,377.25 10,845.35 Rent Expense 7,039.51 21,118.53 Misc. Office Expense 0.00 1,234.05 7

Kennington Property Holdings Income Statement

Period to Date Year to Date

Period = Mar 2023 TOTAL NON-CAM ADMIN EXPENSE 37,090.96 86,100.08 NON-CAM BUILDING EXPENSE Makeready Repairs 21.65 21.65 Makeready Expense 32.48 32.48 Locksmith Services 349.66 860.07 Maintenance Vehicle 1,429.11 4,552.53 Vacancy Cleaning Non-Cam 0.00 290.12 Vacancy R&M 270.63 270.63 HVAC Repairs Non-Cam -1,674.09 -1,323.36 Plumbing Repair Non-Cam -3,218.00 2,470.96 TOTAL NON-CAM BUILDING EXPENSE -2,788.56 7,175.08 NON-CAM UTILITIES Vacancy Gas Non-Cam 2,826.39 10,199.17 TOTAL NON-CAM UTILITIES 2,826.39 10,199.17 TOTAL NON-REIMBURSABLE EXPENSES 37,128.79 103,474.33 TOTAL OPERATING EXPENSES 303,712.65 964,248.31 NET OPERATING INCOME 730,798.16 2,047,532.62 OWNER EXPENSES Asset Management Fee 10,233.21 30,738.10 Accounting 4,330.95 14,588.59 Consulting Fees 24,958.13 78,029.38 K.F. Overhead 8,321.21 15,833.95 TOTAL OWNER EXPENSES 47,843.50 139,190.02 DEBT EXPENSE Interest Expense 187,278.81 565,692.25 TOTAL DEBT EXPENSE 187,278.81 565,692.25 NET INCOME BEFORE AMORT AND DEPR EXPENS 495,675.85 1,342,650.35 NET INCOME 495,675.85 1,342,650.35 8

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

BALANCE SHEET

OWNER’S REPORT

Kennington Property Holdings Balance Sheet

Current Balance ASSETS CASH Cash - Chase Savings301,390.26 Cash - Chase Operating702,777.28 Cash - Vantage Bank (51)100.00 TOTAL CASH1,004,267.54 ACCOUNTS RECEIVABLE Accounts Receivable182.12 Due to/from12,824.04 TOTAL ACCOUNTS RECEIVABLE13,006.16 PROPERTY Land 6,452,597.99 Buildings78,295,137.85 Tenant Improvements8,817,883.99 Landscape Improvements981,298.11 TOTAL PROPERTY94,546,917.94 INTANGIBLE ASSETS Mortgage & CapEx Escrow840,389.65 Utility Deposit - Skyway1,800.00 Loan Closing Cost1,243,642.82 Loan Fees 236,704.75 Legal Fees 237,801.74 Loan Origination Fee76,888.72 Lease Commissions -3,195,336.92 TOTAL INTANGIBLE ASSETS5,832,564.60 ACCUMULATED AMORTIZATION and DEPRECIATION Accum Amortization -871,898.00 Accum Depreciation-24,202,111.00 TOTAL ACCUMULATED AMORTIZATION and DEP -25,074,009.00 OTHER ASSETS Marketable Securities XX90082,460,447.26 Due Diligence Costs8,811.55 Deferred 1031 Asset167,166.98 TOTAL OTHER ASSETS2,636,425.79 TOTAL ASSETS78,959,173.03

Period = Mar 2023 10

Kennington Property Holdings Balance Sheet

Current Balance

= Mar 2023 LIABILITIES AND EQUITY LIABILITIES NOTES MORTGAGE NOTES PAYABLES Mortgage Payable - Alpha Plaza3,941,947.12 Mortgage Payable - Campbell6,471,240.94 Mortgage Payable - Placid2,842,351.50 Mortgage Payable - Research Center8,824,772.66 Mortgage Payable - Valley View Center 1 2 32,089,869.06 Mortgage Payable - ABC4,691,615.84 Mortgage Payable - Skyway3,351,344.72 Mortgage Payable - Jupiter North1,983,828.42 Mortgage Payable - Jupiter South5,448,013.92 Mortgage Payable - Waters Ridge Tech II3,339,426.78 Mortgage Payable - Waters Ridge Tech III7,519,568.69 Mortgage Payable - Tollway3,850,000.00 TOTAL MORTGAGE NOTES PAYABLES54,353,979.65 LINE OF CREDIT Line of credit - JP Morgan Chase300,000.00 TOTAL LINE OF CREDIT300,000.00 TOTAL NOTES54,653,979.65 ACCOUNTS PAYABLE Accounts Payable329,876.40 Prepaid Rent199,072.81 Insurance Proceeds187,844.70 Insurance Proceeds - Campbell39,914.36 TOTAL ACCOUNTS PAYABLE756,708.27 OTHER LIABILITIES Security Deposits777,486.88 Deferred 1031 Gain10,964,473.62 TOTAL OTHER LIABILITIES11,741,960.50 TOTAL LIABILITIES67,152,648.42 11

Period

Kennington Property Holdings Balance Sheet

Current Balance

Period = Mar 2023 EQUITY The Dallas Foundation76,762.03 Craig Kennington CCC Trust3,065,978.73 Clark Kennington CCC Trust3,065,980.66 Clayton Kennington CCC Trust3,065,979.68 OWNER DRAW Capital Distributions - Craig Kennington CCC Trust -8,317,594.76 Capital Distributions - Clark Kennington CCC Trust -8,317,594.76 Capital Distributions - Clayton Kennington CCC Trust -8,317,594.76 Capital Distributions - The Dallas Foundation -926,987.84 TOTAL OWNER DRAW -25,879,772.12 Retained Earnings 33,729,823.62 Prior Years Retained Earnings -5,318,227.99 TOTAL EQUITY 11,806,524.61 TOTAL LIABILITIES AND EQUITY 78,959,173.03 12

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

BUDGET COMPARISON REPORT

OWNER’S REPORT

Kennington Property Holdings Budget Comparison (with PTD)

MTD Actual MTD Budget Variance % Var PTD Actual PTD Budget Variance % Var REVENUE RENTAL INCOME Rental Income765,975.13780,218.47-14,243.34-1.832,367,449.422,328,841.4138,608.011.66 Rent Abatement-13,700.970.00-13,700.97N/A-44,824.950.00-44,824.95N/A Deferred Rent2,652.032,652.030.000.007,956.097,956.090.000.00 Admin. Fees600.00600.000.000.001,800.001,800.000.000.00 Prepaid Rent-4,749.210.00-4,749.21N/A-118,348.430.00-118,348.43N/A TOTAL RENTAL INCOME750,776.98783,470.50-32,693.52-4.172,214,032.132,338,597.50-124,565.37-5.33 EXPENSE REIMBURSEMENT Utility Water-1,124.870.00-1,124.87N/A-1,124.870.00-1,124.87N/A CAM Estimate279,409.38299,646.56-20,237.18-6.75782,612.79898,939.68-116,326.89-12.94 Tax Estimate221.000.00221.00N/A663.000.00663.00N/A Electric Estimate5,228.325,515.97-287.65-5.2115,597.8816,544.91-947.03-5.72 TOTAL EXPENSE REIMBURSEMENT283,733.83305,162.53-21,428.70-7.02797,748.80915,484.59-117,735.79-12.86 TOTAL REVENUE1,034,510.811,088,633.03-54,122.22-4.973,011,780.933,254,082.09-242,301.16-7.45 OPERATING EXPENSES REIMBURSABLE EXPENSES INSURANCE Insurance0.000.000.00N/A103,686.07103,692.936.860.01 TOTAL INSURANCE0.000.000.00N/A103,686.07103,692.936.860.01 GROUNDS MAINTENANCE Lawn/Landscape26,116.7223,632.55-2,484.17-10.5186,881.2875,957.26-10,924.02-14.38 Landscaping Improvements1,664.3412,150.0010,485.6686.301,664.3412,150.0010,485.6686.30 Tree Trimming0.0015,500.0015,500.00100.000.0032,800.0032,800.00100.00 Irrigation Repairs2,897.987,700.914,802.9362.376,273.9414,251.867,977.9255.98 Snow Removal0.0016,608.4516,608.45100.000.0019,108.4519,108.45100.00 Parking Lot Repairs0.00590.00590.00100.000.001,770.001,770.00100.00 Parking Lot Cleaning909.30890.66-18.64-2.092,727.902,807.3079.402.83 TOTAL GROUND MAINTENANCE31,588.3477,072.5745,484.2359.0197,547.46158,844.8761,297.4138.59 PROPERTY TAXES Taxes0.000.000.00N/A-3,004.260.003,004.26N/A Property Tax Consulting0.000.000.00N/A49,313.730.00-49,313.73N/A TOTAL PROPERTY TAXES0.000.000.00N/A46,309.470.00-46,309.47N/A UTILITIES Electricity19,765.5210,682.11-9,083.41-85.0348,398.1331,282.82-17,115.31-54.71 Water24,595.2718,278.19-6,317.08-34.5655,730.9460,266.154,535.217.53 Trash Pick Up22,542.3818,187.58-4,354.80-23.9446,342.4543,799.39-2,543.06-5.81 Garbage and Recycling691.340.00-691.34N/A691.340.00-691.34N/A TOTAL UTILITIES67,594.5147,147.88-20,446.63-43.37151,162.86135,348.36-15,814.50-11.68 BUILDING MAINTENANCE Exterior Lighting11,187.146,820.10-4,367.04-64.0316,758.1610,287.90-6,470.26-62.89 General Maintenance420.002,440.002,020.0082.792,441.267,320.004,878.7466.65 Security544.221,084.48540.2649.821,632.662,270.32637.6628.09 Fire Alarm Systems3,298.835,874.972,576.1443.8514,541.1216,692.362,151.2412.89 Fire Alarm Phone Lines2,855.861,935.22-920.64-47.577,075.614,053.00-3,022.61-74.58 Porter Services12,499.507,307.77-5,191.73-71.0421,552.9319,749.10-1,803.83-9.13 Exterior Pest Control7,081.724,285.41-2,796.31-65.2512,854.7013,007.78153.081.18 Pest Control Services849.770.00-849.77N/A1,001.330.00-1,001.33N/A Janitorial Services0.008,037.378,037.37100.0022,908.8524,112.111,203.264.99 Window Washing3,172.827,427.614,254.7957.287,193.229,242.172,048.9522.17 Maintenance Wages18,951.8815,630.86-3,321.02-21.2556,855.6646,280.62-10,575.04-22.85 Elevator Contract448.07292.24-155.83-53.32603.90876.72272.8231.12 Misc. Repairs - Bldgs248.982,100.001,851.0288.14248.985,300.005,051.0295.30 Roof Repairs920.132,090.001,169.8755.97920.132,270.001,349.8759.47 HVAC Repairs0.003,750.003,750.00100.000.009,750.009,750.00100.00 Plumbing Repairs1,342.567,992.456,649.8983.201,976.5412,268.4510,291.9183.89

Period = Jan 2023-Mar 2023 14

Kennington Property Holdings Budget Comparison (with PTD)

MTD Actual MTD Budget Variance % Var PTD Actual PTD Budget Variance % Var

Period = Jan 2023-Mar 2023 Electrical Repairs 0.003,748.003,748.00100.00 0.0010,958.4510,958.45100.00 Maint. Supplies 1,213.591,024.99-188.60 -18.404,548.873,391.77-1,157.10 -34.11 TOTAL BUILDING MAINTENANCE 65,035.0781,841.4716,806.40 20.54173,113.92197,830.7524,716.83 12.49 MANAGEMENT FEES Management Fees 40,932.8341,364.14431.31 1.04122,952.40123,389.46437.06 0.35 Management Wages 24,444.2730,146.205,701.93 18.9170,299.5392,147.9021,848.37 23.71 Administrative Wages 36,988.8426,275.15-10,713.69 -40.7895,702.2776,571.94-19,130.33 -24.98 TOTAL MANAGEMENT FEES 102,365.9497,785.49-4,580.45 -4.68288,954.20292,109.303,155.10 1.08 TOTAL REIMBURSABLE EXPENSES 266,583.86303,847.4137,263.55 12.26860,773.98887,826.2127,052.23 3.05 NON-REIMBURSABLE EXPENSES NON-CAM ADMIN EXPENSE Marketing Expense 4,530.2315,756.3611,226.13 71.2511,965.6824,521.8612,556.18 51.20 Bank Charges 81.08 78.15 -2.93 -3.75234.38234.45 0.07 0.03 Construction Wages-Non CAM 10,765.02 0.00-10,765.02 N/A10,765.02 0.00-10,765.02 N/A Office Supplies 2,031.234,055.562,024.33 49.915,232.8510,677.195,444.34 50.99 Computer Software 6,266.643,633.93-2,632.71 -72.4524,704.2210,901.79-13,802.43-126.61 Dues and Subscriptions 6,377.253,166.32-3,210.93-101.4110,845.3511,707.96862.61 7.37 Rent Expense 7,039.518,103.791,064.28 13.1321,118.5324,183.673,065.14 12.67 Misc. Office Expense 0.00 0.00 0.00 N/A1,234.05 0.00-1,234.05 N/A TOTAL NON-CAM ADMIN EXPENSE 37,090.9634,794.11-2,296.85 -6.6086,100.0882,226.92-3,873.16 -4.71 NON-CAM BUILDING EXPENSE Makeready Repairs 21.65747.11725.46 97.10 21.652,241.332,219.68 99.03 Makeready Cleaning 0.00 30.00 30.00100.00 0.00 90.00 90.00100.00 Makeready Expense 32.48450.00417.52 92.78 32.482,085.052,052.57 98.44 Locksmith Services 349.66410.00 60.34 14.72860.071,424.85564.78 39.64 Maintenance Vehicle 1,429.11419.46-1,009.65-240.704,552.531,258.38-3,294.15-261.78 Vacancy Cleaning Non-Cam 0.00 89.13 89.13100.00290.12267.39 -22.73 -8.50 Vacancy R&M 270.63 0.00-270.63 N/A270.63 0.00-270.63 N/A HVAC Repairs Non-Cam -1,674.092,083.003,757.09180.37-1,323.366,249.007,572.36121.18 Plumbing Repair Non-Cam -3,218.004,572.507,790.50170.382,470.966,705.784,234.82 63.15 TOTAL NON-CAM BUILDING EXPENSE -2,788.568,801.2011,589.76131.687,175.0820,321.7813,146.70 64.69 NON-CAM UTILITIES Vacancy Electricity Non-Cam 0.006,719.976,719.97100.00 0.0013,252.3013,252.30100.00 Vacancy Gas Non-Cam 2,826.396,142.033,315.64 53.9810,199.1711,150.53951.36 8.53 TOTAL NON-CAM UTILITIES 2,826.3912,862.0010,035.61 78.0310,199.1724,402.8314,203.66 58.20 TOTAL NON-REIMBURSABLE EXPENSES 37,128.7956,457.3119,328.52 34.24103,474.33126,951.5323,477.20 18.49 TOTAL OPERATING EXPENSES 303,712.65360,304.7256,592.07 15.71964,248.311,014,777.7450,529.43 4.98 NET OPERATING INCOME 730,798.16728,328.312,469.85 0.342,047,532.622,239,304.35-191,771.73 -8.56 OWNER EXPENSES Asset Management Fee 10,233.2110,341.05107.84 1.0430,738.1030,847.41109.31 0.35 Accounting 4,330.959,117.724,786.77 52.5014,588.5927,353.1612,764.57 46.67 Consulting Fees 24,958.1322,758.32-2,199.81 -9.6778,029.3868,274.96-9,754.42 -14.29 Meals 0.00257.07257.07100.00 0.00771.21771.21100.00 K.F. Overhead 8,321.2110,008.331,687.12 16.8615,833.9530,024.9914,191.04 47.26 TOTAL OWNER EXPENSES 47,843.5052,482.494,638.99 8.84139,190.02157,271.7318,081.71 11.50 DEBT EXPENSE Interest Expense 187,278.81178,636.03-8,642.78 -4.84565,692.25536,729.89-28,962.36 -5.40 TOTAL DEBT EXPENSE 187,278.81178,636.03-8,642.78 -4.84565,692.25536,729.89-28,962.36 -5.40 NET INCOME BEFORE AMORT AND DEPR EXPENS 495,675.85497,209.79-1,533.94 -0.311,342,650.351,545,302.73-202,652.38-13.11 NET INCOME 495,675.85497,209.79-1,533.94 -0.311,342,650.351,545,302.73-202,652.38-13.11 15

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

ACCOUNTS RECEIVABLE AGING REPORT

OWNER’S REPORT

Aged Receivables

Property

OwedOwedOwedOwed90 OwedPaymentsOwed 027 - Alpha Plaza 22,375.5712,842.576,656.002,877.000.00-20,252.322,123.25 030 - Midway Center 3,138.311,298.310.000.001,840.00-21,267.55-18,129.24 035 - Campbell 1 6,718.566,284.98433.580.000.00-66,261.81-59,543.25 037 - Placid -624.00-208.00-208.00-208.000.00-9,740.74-10,364.74 044 - Research Center 1,372.171,372.170.000.000.00-57,906.01-56,533.84 046 - Valley View Commerce Center-1,872.00-624.00-624.00-624.000.00-24,031.25-25,903.25 049 - Alpha Business Center -771.00-257.00-257.00-257.000.00-27,892.90-28,663.90 050 - Skyway Circle 10,177.9210,177.920.000.000.00-9,756.46421.46 052 - Jupiter Center South 0.000.000.000.000.00-53,466.58-53,466.58 053 - Waters Ridge Tech 2 0.000.000.000.000.00-58,055.53-58,055.53 054 - Waters Ridge Tech 3 0.000.000.000.000.00-50,354.80-50,354.80 055 - Tollway -8,245.26-8,245.260.000.000.00-11,967.60-20,212.86 Grand Total 32,270.2722,641.696,000.581,788.001,840.00-410,953.55-378,683.28

Current0-3031-6061-90Over Pre-Total

UserId : steve@kenningtoncommercial.com Date : 4/21/2023 Time : 10:03 AM 17

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

GENERAL LEDGER

OWNER’S REPORT

Capital

meet your new [ [

Projects By clicking the link above, you can VIEW and DOWNLOAD the following: Property Overview Financial Report Leasing Updates Owner’s Report OWNER PORTAL CONCIERGE CLICK HERE TO ACCESS KPH PORTAL 214.599.9996 | info@52management.com

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

BANK

RECONCILIATION

Tollway-Operating

Bank Reconciliation Report 3/31/2023

Cleared Checks Date Tran # Notes Amount Date Cleared 3/24/2023 326 v0000019 - Bagby Elevator Company, Inc. 155.83 3/31/2023 3/24/2023 328 v0000075 - Gexa Energy 4,915.89 3/31/2023 3/24/2023 329 ken30 - 52 Management, LP 7,739.66 3/31/2023 Total Cleared Checks 140,605.01 Cleared Deposits Date Tran # Notes Amount Date Cleared 3/1/2023 37 :ACH Deposit 7,846.17 3/31/2023 3/1/2023 38 :ACH Deposit 742.51 3/31/2023 3/2/2023 69 13,950.90 3/31/2023 3/4/2023 39 :ACH Deposit 14,484.47 3/31/2023 3/6/2023 70 7,780.38 3/31/2023 3/7/2023 40 :ACH Deposit 7,318.13 3/31/2023 3/7/2023 71 1,425.00 3/31/2023 3/30/2023 41 :ACH Deposit 18,000.00 3/31/2023 3/30/2023 72 5,229.75 3/31/2023 Total Cleared Deposits 76,777.31 Cleared Other Items Date Tran # Notes Amount Date Cleared 3/10/2022 JE 7883 Trnsfer 3-10-23 30,000.00 3/31/2023 3/1/2023 JE 7803 3/23 Loan Pmt -14,223.61 3/31/2023 3/9/2023 JE 7882 3/9/23 Trnsfr 50,000.00 3/31/2023 3/24/2023 JE 7899 TRNSFR-03.24.23 10,000.00 3/31/2023 3/31/2023 JE 7932 3/23 Bank Fees -81.08 3/31/2023 Total Cleared Other Items 75,695.31 1201445606

4/3/2023

by: sdobbs on 4/3/2023 27

Posted

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

RENT ROLL

OWNER’S REPORT

RENT ROLL

KENNINGTON PROPERTY HOLDINGS

APRIL 2023

# Building Total SF Vacant Occupancy 27 Alpha Plaza 75,383 10,889 86% 30 Midway Centre 46,064 1,875 96% 35 Campbell Creative Center 96,991 12,014 88% 37 Placid 66,473 - 100% 44 Research 159,958 7,855 95% 46 Valley View 43,740 - 100% 49 Alpha Business Center 50,109 - 100% 50 Skyway Circle 62,028 - 100% 51 Jupiter Center North 43,680 - 100% 52 Jupiter Center South 82,805 - 100% 53 Waters Ridge Tech 2 33,346 - 100% 54 Waters Ridge Tech 3 75,087 15,457 79% 55 Bent Tree Place 57,602 8,101 86% PORTFOLIO 893,266 56,191 93.7%

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

MANAGEMENT FEE CALCULATION

OWNER’S REPORT

Management Fee Register Summary

Property = KPH Management Fees (.kphfees)

= All Fee

Mgmt Fee Net BillingManagement Tran Property Code Amount Rate Fee Total Date 027 -Alpha Plaza 04percen 82,947.864.0000003,317.913,317.9104/01/2023 030 -Midway Center 04percen 65,992.874.0000002,639.722,639.7204/01/2023 035 -Campbell 1 04percen 96,437.004.0000003,857.483,857.4804/01/2023 037 -Placid 04percen 74,689.994.0000002,987.602,987.6004/01/2023 044 -Research Center 04percen 161,554.254.0000006,462.176,462.1704/01/2023 046 -Valley View Commerce C 04percen 69,345.354.0000002,773.812,773.8104/01/2023 049 -Alpha Business Center04percen 82,141.754.0000003,285.673,285.6704/01/2023 050 -Skyway Circle 04percen 47,161.194.0000001,886.451,886.4504/01/2023 051 -Jupiter Center North04percen 38,451.544.0000001,538.061,538.0604/01/2023 052 -Jupiter Center South04percen 91,688.754.0000003,667.553,667.5504/01/2023 053 -Waters Ridge Tech 204percen 53,147.584.0000002,125.902,125.9004/01/2023 054 -Waters Ridge Tech 304percen 99,529.494.0000003,981.183,981.1804/01/2023 055 -Tollway 04percen 70,944.084.0000002,837.762,837.7604/01/2023 Total 41,361.26

Fee

Fee Date

04/01/2023 As Of Month= 03/2023 to 03/2023 31

Pool

Pools

ASSET MANAGEMENT REPORTS

OWNER’S REPORT

ASSET MANAGEMENT REPORTS

KPH CASH FLOW SUMMARY

SEE HANDOUT

NetCashFlowfromOperations$(2,903,666)$645,312$646,680$1,291,992

IncomefromInvestments(Cash)$-$-$-$LineofCreditProceeds/(Paydown)(14,253,410)---

RefinancingProceedsandLoanFees*7,824,889-1,350,0001,350,000

EscrowedFunds419,610---

ProceedsfromMarketableSecurities(Cash)14,598,672---

*IncludesrefinanceactivitytodateandprojectedrefinanceofValleyViewby12/31/2023. **Excludes1031fundsremaining,ifany.

Asof:4/24/2023 ACTUAL 2021ACTUAL 2022 ACTUAL YTD 2023 FORECAST BALANCE 2023 TOTAL Net Operating Income from Properties $ 6,181,836 $ 2,123,233 $ 5,675,695 $7,798,927 DebtService/LenderFees3,290,394941,2842,764,0473,705,331 Net Cash Flow after Debt Service 2,891,442 1,181,948 2,911,648 4,093,596 Capital Leasing-RelatedCapital1,989,716223,3652,178,9132,402,278 BuildingCapital2,746,043456,584756,8531,213,437 TotalCapital4,735,759679,9492,935,7663,615,715 Less:LenderProceeds,1031Escrow(IndependentBankFutureFunding)&Reserves0(301,000)(1,175,946)(1,476,946) Net Cash Required for Capital 4,735,759378,949 1,759,821 2,138,769 NetCashFlowafterCapital (1,844,317)802,999 1,151,827 1,954,827 Non-ReimbursableR&M(15,911)000 Construction&LeasingAdmin(7,224)000 Accounting,Marketing&GeneralAdmin(134,422)(19,926)(84,373)(104,299) ConsultingFees(281,223)(71,293)(204,825)(276,118) KFOCExpenses(66,511)(22,082)(90,075)(112,157) AssetMgmtFees(117,269)(30,654)(94,374)(125,028) ReinvestmentofPortfolioIncomeinPortfolio(103,302)000 Legal&Professional(139,829)(13,732)(31,500)(45,232)

Other-CashAdjustments(193,658)000

Acquisitions(8,408,430)--CashDepositsIn/(Out)381,814--OtherAdjustments387,199(138,228)-(138,228) CashInvested(5)4,340,836--Distributions&Other(8,435,745)(381,896)(1,119,411)(1,501,307) Net Cash Flow KPH $ (6,048,231) $ 125,188 $ 877,269 $1,002,457 Ending Cash Balance 6,625,820 $ $ 577,589 $ 702,777 $ 1,580,046 $1,580,046 WorkingCapital:(500,000)$(500,000)$(500,000)$(500,000) $ CashAvailableforDistributions/FutureInvestments/Capital**6,625,820 $ 77,589 $ 202,777 $ 1,080,046 $ 1,080,046 $

KPH Cash Flow Projections Summary

ASSET MANAGEMENT REPORTS

CASH FLOW PROJECTIONS SUMMARY

SEE HANDOUT

KPH PORTFOLIO - CASH FLOW PROJECTION CASH BASIS 2023 DRAFT

Property / Item 27AlphaPlaza 30MidwayCenter 35CampbellI 37Placid 44KenningtonResearch 46ValleyViewandValleyViewLand 49AlphaBusinessCenter 50Skyway 51JupiterCenterNorth 52JupiterCenterSouth 53WatersRidgeTechII 54WatersRidgeTechIII 55NorthDallasTollway

‐Reimbursable Expenses NOIActual/ArgusbeforeD/S(1)(2) DebtService InterestExpense AmortizationofPrincipal LenderProceeds/FinancingFees

CAPITAL - (see detail) TenantImprovements&Whitebox LeasingCommissions BuildingCapital TotalCapital Less:LenderFunded/Facilities/Escrow TotalLeasing,BuildingCapital Net Cash Flow after Capital and D/S NOI after Debt Service

Non

ReturnofLenderDeposit TotalFinancingTransactions

ActualActualActualProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjected Report As of:4/24/2023 Jan-23Feb-23Mar-23Apr-23May-23Jun-23Jul-23Aug-23Sep-23Oct-23Nov-23Dec-23 Total 65,677118,08756,696 67,13972,68177,37972,69778,30985,26591,69986,168(28,450) 843,346 41,15025,48144,010 50,30750,14250,32353,40153,70553,70553,79954,486 (6,284) 524,224 81,10824,54071,246 84,00384,10784,50786,17986,17994,05494,054104,286(34,523) 859,739 48,41734,51759,577 54,13954,13954,13954,13954,39163,15263,37263,372(68,944) 534,412 138,84892,577107,297 151,587151,587151,688152,942152,942153,247153,247157,713(173,715) 1,389,961 48,63220,96750,606 45,18645,24145,24145,11445,11445,11445,11445,114(97,887) 383,556 56,63936,87261,580 59,65966,90266,90259,83366,90267,09567,17560,106(114,579) 555,086 75,84633,67033,532 45,44345,44345,44345,63245,63245,63245,63245,992(61,794) 446,104 25,63823,42726,479 28,68628,68628,68628,68628,68628,68628,68628,686(45,450) 259,578 81,66663,27364,200 83,47483,47483,66183,66183,66183,66183,66184,478(111,409) 767,462 41,19730,57940,322 45,52345,52345,52345,52346,40946,40946,40947,081(61,069) 419,427 71,30638,08875,171 78,41878,41878,41879,04681,97899,29199,29199,291(138,088) 740,626 41,23932,99440,080 47,88047,88046,36546,93647,28049,82949,92541,219(85,777) 405,849 00(36,716)(36,716)(36,716)(36,716)(36,716)(36,716)(36,716)(36,716)(36,716)(330,442) 817,363575,071730,798804,729817,507821,559817,073834,473878,422885,347881,273(1,064,687)7,798,927 0 188,528189,419187,745187,380187,015186,781186,581186,213185,754185,384203,341218,9782,293,119 125,742119,851130,000111,556111,934112,686113,064113,446113,826114,212120,825125,0711,412,213 000 0 314,270309,270317,745298,936298,949299,467299,645299,659299,580299,596324,166344,0493,705,331 503,094265,801413,053505,793518,558522,092517,428534,814578,842585,751557,107(1,408,736)4,093,596 60,487080,476267,064100,000424,656159,469264,068363,685291,87664,90002,076,680 4,7001,48876,2158,611016,27841,38243,06075,10252,1926,5710325,598 214,84954,735186,999215,23041,625166,666166,666166,66600001,213,437 280,03656,223343,690490,905141,625607,600367,517473,793438,787344,06871,47103,615,715 679,949 00(301,000)0(150,380)(100,000)(445,126)(199,116)(209,852)00(71,471)(1,476,946) 280,03656,223722,638490,905(8,755)507,600(77,609)274,677228,935344,06871,471(71,471)2,138,769 223,058209,578(309,585)14,887527,31314,492595,037260,136349,907241,683485,636(1,337,265)1,954,827

Property / Item

Overhead and Administrative

RentalIncome-PrepaidRents

Non-ReimbursableR&M

Construction&LeasingAdmin

Accounting,Marketing&GeneralAdmin

ConsultingFees

KFOCExpenses

AssetMgmtFees

PortfolioIncome&InterestIncome

ReinvestmentofPortfolioIncomeinPortfolio

Legal&Professional Other

NetCashFlowfromAdministrative

Net Cash Flow after Overhead

CashFlowAdjustments

Add:RETaxesaccrual(Payment)(2)

Add:Insuranceaccrual/(Payment)(2)

Less:Noncashincome

OtherAdjustments

TotalCashFlowAdjustments

Actual Cash Flow

OperatingAccount-BeginningBalance(3)

ActualCashFlowfortheMonth

LineofCreditProceeds/Paydown

LoanProceeds/Paydown(4)

EscrowedFunds

ProceedsfromMarketableSecurities(Cash)

Acquistions

KPH PORTFOLIO - CASH FLOW PROJECTION CASH BASIS 2023 DRAFT

(1)NOIbasedonArgusforProjections/ActualbasedonYardicashflowstatements.

(2)ProperptytaxesareoncashbasistobepaidinDecember.

(3)Beg.CashincludesOperatingAccountbutexcludesSavingsAccountof$329,621andexcludestheinvestmentaccounts.

(4)IncludesfeesforclosingsandproceedsfromprojectedrefinancingofCCCandAlphaPlazain2022.

(5)Cashdrawnfrom1031accountforNorthDallasTollwayacquisitionin2022.

(6)Estimate/Adjustmentandintercompanyitems.

(7)TiestoBalanceSheetandexcludesinvestmentcashandsavingsaccount,escrowbalancesand1031Exchange.

(8)BasedonBalanceSheet

Distributions Operating

Ending Balance Add Cumulative Inv. Account Cash (7) Total Cash Available for Operations Investment Accounts Recap: Beg Bal: Ending Balance (8) Line of Credit - Monthly Balance

SalesProceeds CapitalContributions CashInvested(5) OtherAdjustments/GainonSale(6)

ActualActualActualProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjected Report As of:4/24/2023 Jan-23Feb-23Mar-23Apr-23May-23Jun-23Jul-23Aug-23Sep-23Oct-23Nov-23Dec-23 Total ------------0 -----------0 -----------0 (6,220)(9,375)(4,331)(9,375)(9,375)(9,375)(9,375)(9,375)(9,375)(9,375)(9,375)(9,375)(104,299) (23,577)(22,758)(24,958)(22,758)(22,758)(22,758)(22,758)(22,758)(22,758)(22,758)(22,758)(22,758)(276,118) (3,753)(10,008)(8,321)(10,008)(10,008)(10,008)(10,008)(10,008)(10,008)(10,008)(10,008)(10,008)(112,157) (9,935)(10,486)(10,233)(10,486)(10,486)(10,486)(10,486)(10,486)(10,486)(10,486)(10,486)(10,486)(125,028) ------------0 0 0 ( 6,995)(3,500)(3,238)(3,500)(3,500)(3,500)(3,500)(3,500)(3,500)(3,500)(3,500)(3,500)(45,232) -----------0 (50,479)(56,127)(51,081)(56,127)(56,127)(56,127)(56,127)(56,127)(56,127)(56,127)(56,127)(56,127)(662,835) 172,579153,451(360,666)(41,240)471,186(41,635)538,909204,009293,780185,556429,509(1,393,393)1,291,992 0000000000000 0000000000000 000000000000 0000000000000 (157,286)019,058000000000(138,228) (157,286)019,058000000000(138,228) 15,293153,451(341,608)(41,240)471,186(41,635)538,909204,009293,780185,556429,509(1,393,393)1,153,764 577,589468,502497,57422,828(142,791)204,01638,002452,532532,162701,562762,7391,067,869577,589 15,293153,451(341,608)(41,240)471,186(41,635)538,909204,009293,780185,556429,509(1,393,393)473,815 000000000000 0 0000000001,350,0001,350,000 000 000000 00 00 000000000000 0 00 0 00000000000 0 (124,379)(124,379)(133,137)(124,379)(124,379)(124,379)(124,379)(124,379)(124,379)(124,379)(124,379)(124,379)(1,501,307) 468,502497,57422,828(142,791)204,01638,002452,532532,162701,562762,7391,067,869900,098900,098 1,721,1121,721,1121,721,1121,721,1121,721,1121,721,1121,721,1121,721,1121,721,1121,721,1121,721,1121,721,1121,721,112 2,189,6142,218,6861,743,9401,578,3211,925,1281,759,1142,173,6442,253,2742,422,6752,483,8512,788,9812,621,2102,621,210 (468,502) 2,445,4832,636,0002,636,0002,636,0002,636,0002,568,0002,568,0002,568,0002,568,0002,568,0002,568,0002,568,0002,445,483 2,636,0002,636,0002,636,0002,636,0002,636,0002,568,0002,568,0002,568,0002,568,0002,568,0002,568,0002,568,0002,445,483 300,000300,000300,000300,000300,000300,000300,000300,000300,0005,640,422300,000300,000 300,000

ASSET MANAGEMENT REPORTS

LEASING REPORTS

OWNER’S REPORT

BRADFORD RETAIL LEASING

OWNER’S REPORT

ALPHA PLAZA

4885 & 4887 ALPHA ROAD, FARMERS BRANCH, TX 75244

4885-120 2,376 SF 20232024 2025 2027 2028 2029 VACANT LEASED SUITE 275- 4,800 RSF ESCAPE ROOM 5/31/2027 LEASED SUITE 270- 4,000 RSF LIVE ARTS CONSERVATORY 12/31/2025 LEASED SUITE 100 - 4,999 RSF EURO LIVING 11/30/2025 LEASED SUITE 125- 3,600 RSF BELLA BRA SHOP 4/4/2027 LEASED SUITE 155- 4,875 RSF GOWNS OF GRACE 8/31/2025 LEASED SUITE 205- 6,600 RSF MANACARE 2/28/2023 LEASED SUITE 210- 6,300 RSF DAVID DIKE FINE ART 4/30/2029 LEASED SUITE 250- 5,040 RSF GAME SHOW BATTLE ROOMS 3/31/2027 LEASED SUITE 240- 3,360 RSF GEA OF TEAS 7/31/2024 LEASED SUITE 220- 3,880 RSF MANACARE 2/28/2023 AVAILABLE SUITE 260- 4,183 RSF AVAILABLE SUITE 280- 1,618 RSF LEASED SUITE 200- 3,340 RSF JUDY NORDSETH 7/31/2026 LEASED SUITE 195- 1,875 RSF WINDOW SEASON 9/30/2024 LEASED SUITE 290- 2,772 RSF CANTERA DOORS 5/31/2024 LEASED SUITE 295- 2,696 RSF ALEXANDER OTIS 3/31/2023 LEASED SUITE 285- 2,177 RSF AUSSIE GRIND 1/31/2028 LEASED SUITE 288- 1,928 RSF KITCHEN SOCIAL 2028 AVAILABLE SUITE 110 2,383 RSF AVAILABLE SUITE 120- 2,376 RSF LEASED SUITE 115- 2,542 RSF URBAN SPIKES 10/31/2025

LeasingActivityReport

BradfordRetail

RENEWALS&EXPANSIONS

Meeting with tenant and architect on

to create pricing plan. 12/7/2022 Spoke to tenant. Reviewing plan for approval to bid. 1/18/2023 Received bid and Tenant is reviewing. 2/15/2023 Made proposal to Tenant. Tenant reviewing proposal and bid numbers. 3/20/2023 Tenant still pulling together TI numbers.

out to Ray and trying to set up meeting for next week.

Still trying to connect with tenant.

Made proposal. In discussions regarding NNNs and HVAC.

TenantPropertySpaceArea (SF)Date Last Activity Urban Spikes Alpha Plaza110 2,4226/29/22Met with to discuss expansion.

Space

Tenant

plan.

11/10/2022

Alexander Otis Alpha Plaza295 2,69612/8/2022 No

01/17/2023

Alpha Plaza205 6,600 Alpha Plaza220 3,880

ALPHAPLAZA

TENANTS ALPHAPLAZA (Expansion) (3/31/2023) Manacare (8/31/2023) Manacare (8/31/2023) 4/10/2023 Expansionputonholddueto Tenantcosts. 4/18/2023 SentAmendmentin DocuSign. 4/18/2023 Reachedoutregarding expiration. 4/18/2023 Reachedoutregarding expiration. 41

7/18/22

plan created. 9/15/2022

has engaged Mowax and they are creating final

10/17/2022 Meeting with consultant on final design.

11/11

update pending rental payment status.

Reached

02/16/2023

3/21/2023

PROSPECTIVE

11/10/22

12/8/2022

1/16/2023

2/15/2023

Toured with tenant on 10/13. Interest level is very high. Owned a clothing boutique in Seattle for 17 years.

Made proposal to Tenant. Waiting on tenant counter. She has toured 2 more times.

Tenant more focused on another property where she can have a temporary location.

Tenant sent counter to our last proposal. Waiting on owner response.

Tenant still deciding on location/signage.

3/21/2023Still very interested.

Reached out to Issa/Euroliving as they have a wallpaper concept in Florida they want to open in Dallas. 3/21/2023

Let Issa know this would only be for Suite 120. Keeps inquiring about 110.

Toured prospect. It was loud due to Gameroom. Trying to get them back to tour Manahealth Care Suite 205.

Back interested and trying to set up another meeting and a tour of Suite 205. Their requirement is growing.

Toured and more interested in 260, again.

Sentproposalon4/6/2023. Tenantreviewingplanwith dimensions.Brokertryingto getcountertous.

AllureAlpha Plaza280 1,61810/17/22

Wallpaper StoreAlpha Plaza120 2,37612/28/2023

Allergy MDAlpha Plaza110/120/2602,500-4,000 Johnny Anderson Lighting showroom Alpha Plaza260 4,1833/6/2023

Night Owl Coffee Alpha Plaza260 4,1831/27/2023

3/17/2023

MastermindAlpha Plaza275 4,8002/7/2023 In discussions to take over Ultimate Escape lease 4/18/2023 Stillinterested

moving slowly. 4/18/2023NoupdatewithIssa. 4/13/2023

submarket. 4/18/2023 Looking

showroom

4/18/2023

but

Sentinformation. Allergy doctorlookinginthis

formore

thanretail.

VACANCIES

3/21/2023 In discussions to take over Ultimate Escape lease, but no update. Bill WallisAlpha Plaza275 4,8003/15/2023 Sent proposal. He is discussing with partner. Alpha Plaza110 2,422 Deal working with Urban Spikes. Alpha Plaza120 2,376 Alpha Plaza260 4,183 Alpha Plaza280 1,618 Vacant Alpha Plaza275 4,8004/11/22Ultimate Escape Game Alpha Plaza220 3,8805/25/22ManaCare Health LLC Renewal Alpha Plaza285 2,1776/21/22 Aussie Grind Kitche Alpha Plaza205 6,60011/16/2022ManaCare Health LLC Renewal Alpha Plaza220 3,88011/16/2022ManaCare Health LLC Renewal 4/18/2023 Noupdate. 4/18/2023 Followedupseveraltimes, buthavenotreceived feedback.

RECENTLYLEASED Vacant Deal working with Night Owl AlphaPlaza 288 1,9288/15/2022 nSocial 43

MIDWAY CENTER

14430 MIDWAY ROAD, FARMERS BRANCH, TX 75244

20232025 2026 2027 2028 2029 VACANT LEASED SUITE 14472/74- 5,042 RSF BALEY’S BRIDAL 1/31/2027 LEASED SUITE 14476- 2,938 RSF A-ONE ENGRAVING 3/31/2023 LEASED SUITE 14430 - 3,885 RSF SIGNARAMA 8/31/2026 LEASED SUITE 14436 - 3,934 RSF WEG’S GUNS 10/31/2026 LEASED SUITE 14444 - 1,950 RSF MIMI’S UPHOLSTERY 4/30/2023 LEASED SUITE 14442 - 1,950 RSF OVERTON FAMILY JEWELS 11/30/2027 LEASED SUITE 14440 - 1,950 RSF VERTICON CONSTRUCTION 4/30/2027 LEASED SUITE 14438 - 1,950 RSF BREAKING BREW MEADERY 4/30/2023 LEASED SUITE 14448 - 3,750 RSF HERITAGE HOUSE CLOCKS 3/31/2027 LEASED SUITE 14456 - 3,750 RSF ROCK A SNAP 10/31/2027 LEASED SUITE 14468 - 2,300 RSF MMB STRATEGY 5/31/2023 LEASED SUITE 14446 - 1,875 RSF EDIBLE ARRANGEMENTS 1/31/2023 LEASED SUITE 14454 - 1,875 RSF CHIOMA 9/30/2027 LEASED SUITE 14452 - 1,859 RSF AMY’S STUDIO 10/31/2025 LEASED SUITE 14460 - 1,875 RSF VALENCIA THEATER SEATING 2026 AVAILABLE SUITE 14464 - 1,875 RSF LEASED SUITE 14462 - 1,875 RSF WALLPAPER PLACE 11/30/2027 LEASED SUITE 14468 - 1,450RSF AAT FINANCIAL 2/28/2025

LeasingActivityReport

BradfordRetail

RENEWALS&EXPANSIONS

Broker is Jake Dryer w/ KW Commercial. Reached out saying they need more space. Taproom will stay in place but need an additional 2,500 - 3,000 SF of brewing space. Needs to be contiguous. Would like to expand in the next 60-90 days.

5/13/22

Sent renewal proposal. 5-years; $16/sf w/ 3% ann. inc.; as-is. Tenant has mentioned square footage discrepency from original lease.

7/18/22

They are exploring other options for production space, but still hoping to keep tap room at Midway Center. Broker should know more next week.

8/8/2022Reached out to broker for update

9/15/22 Continuing to follow up on renewal proposal.

10/17/2022Waiting on update from broker.

11/10/2022

Broker is trying to get us an update and counter to our proposal to tenant.

Tenant wanting to reconsider keeping both production and tap room on site. 1/16/2023

12/8/2022

Tenant has located new production location but want to keep tap room at Midway Center. To be discussed.

2/16/2023

Still an interest in leaving Tap Room at Midway Center. But, Tenant really wants outdoor space.

3/17/2023

Plan is to move production but want to keep Tap Room at MC. Want to know if there is update on MMB renewal.

PlansaretokeepTapRoom atMC. Needsmallamountof refurbon5yeardeal.

Sent email for initial contact and to get process started. MH to stop by to visit about renewal.

TenantPropertySpaceArea (SF)Date Last

Activity Breaking Brew MeaderyMidway144381,9504/15/22

A-One EngravingMidway144762,93812/8/2022

(4/30/2023) (3/31/2023)

MIDWAY

4/18/2023

1/6/2023

Sent renewal proposal. 5 years. $13.50/sf NNN ($4.13/sf) w/ 3% ann. incs. Currently paying $15/sf + $1.45/sf in nets. Broker is Rich Young.

1/13/2023

Received counter. Asked for 1) expense cap of 8%; 2) keep current HVAC policy in 4th amdt; 3)add signage to glass on Midway side

2/16/2023

3/21/2023

Broker said he would get back to us after his 2/15/23 meeting with Tenant. Waiting on feedback.

Sent revised LOI. Waiting on it to be executed.

1/18/2023

2/16/2023

3/21/2023

Sent email for initial contact and to get processs started.

3-year renewal proposal. $15/sf NNN w/ 3% ann. incs.

Waiting for transfer docs to be completed before discussing renewal.

Followed up after Elizabeth call with tenant. Waiting to hear back.

MMB Strategy Midway144682,30012/8/2022

AAT FinancialMidway Center144641,875 Weg's GunsMidway Center144641,875 Midway14464 Vacant Midway Center144541,8751/13/22 CHIOMA Total Body Midway Center144661,4502/8/22 AAT Financial Services Midway Center144563,7502/23/22Rock A Snap Photography Midway Center144483,7503/31/22Heritage House Clocks Midway Center144682,3005/25/22 MMB Strategy Midway Center144221,9507/26/2022Overton Family Jewels Midway Center144601,8758/31/2022Valencia Theater Seating 4/18/2023SentAmendmentforreview. 4/18/2023 DiscussingRenewal.Tenant sendingchangestoproposal 4/18/23 Madeproposalandtheyare interestedbutnotgreat senseofurgency. 4/18/23 Interestedandwouldliketo setuptour. (5/31/2023) PROSPECTIVETENANTS VACANCIES RECENTLYLEASED 1,875 46

Midway Center144621,87510/31/2022 Wallpaper Place Midway Center144461,8751/19/2023Edible Arrangements Renewal Midway Center 1,9503/14/2023Mimi's Upholstery Renewal 14444 47

BRADFORD FLEX LEASING

OWNER’S REPORT

VALLEY VIEW

1861 VALLEY VIEW LANE, IRVING, TX 75061

LEASED SUITE 100 - 19,200 RSF TEXAS PROGRAMS FOR ALTERNATIVE EDUCATION

8/31/2024

LEASED SUITE 150 - 9,864 RSF DISH NETWORK 7/31/2024

LEASED SUITE 140 - 6,936 RSF STRIPPIT, INC. 10/31/2023

LEASED SUITE 180 - 7,740 RSF ESSENTIAL FORMULAS 11/30/2023

2026 2027 2028 VACANT

20232024 2025

LeasingActivityReport

BradfordFlex TenantPropertySpaceArea (SF)Date Last Activity Asurion/Strippit Valley View140 6,9361/24/23 Reached out to Asurion to see if they want to renew 2/8/23 The new contact is out of the office until 2/14 3/10/23 Sent renewal proposal to the broker 4/7/23Sent them counter proposal Essential FormulasValley View180 7,7401/31/23 Sent renewal proposal for 5 and 10 years 2/14/23 Followed up 3/27/23 Agreed to terms RENEWALS&EXPANSIONS VALLEYVIEW PROSPECTIVETENANTS VALLEYVIEW VACANCIES RECENTLYLEASED (10/31/2023) (11/30/2023) 4/17/23 Brokersayswillhave responsethisweek 4/17/23Attorneyreviewing 50

ALPHA BUSINESS CENTER

4300 & 4350 ALPHA ROAD, FARMERS BRANCH, TX 75244

20242025 2026 2031 2032 2033 VACANT LEASED SUITE 1-100- 6,944 RSF ADAPT STRENGTH 4/30/2025 LEASED SUITE 2-200- 9,800 RSF ACCESS HEALTHCARE 9/30/2025 LEASED SUITE 3-100- 3,581 RSF ALPHA LOCK SECURITY 4/30/2024 LEASED SUITE 3-110- 3,262 RSF SHARI’S MANAGEMENT 9/30/2025 LEASED SUITE 3-120- 1/31/2024 RSF COMPRO COMPUTER 1/31/2024 LEASED SUITE 3-130- 2,996 RSF ALLIED BIOSCIENCE 1/31/2024 LEASED SUITE 2-230- 4,486 RSF PROTECTION NETWORKS 3/31/2024 LEASED SUITE 2-210- 2,910 RSF TWO RIVERS VENTURES 1/31/2026 LEASED SUITE 1-115- 5,981 RSF AIRWAY TECHNOLOGIES 8/31/2031 LEASED SUITE 1-130- 4,313 RSF TWO RIVERS VENTURES 1/31/2026 51

ActivityReport BradfordFlex TenantPropertySpaceArea(SF)Date LastActivity ABC 200 9,8003/27/23 Theyneedmorespace.Sent themParkwayvacancies RENEWALS&EXPANSIONS ABC PROSPECTIVETENANTS ABC VACANCIES RECENTLYLEASED Access Healthcare (9/30/2025) 4/12/23Theyarestillevaluating 52

Leasing

BRADFORD RICHARDSON/PLANO/ WATERS RIDGE

OWNER’S REPORT

CCC - CAMPBELL

1200/1210 CAMPBELL ROAD, RICHARDSON, TX 75081

LEASED

SUITE 110 - 10,370 RSF

BRAZEN ANIMATION 10/31/2030

LEASED

SUITE 108 - 25,437 RSF

PNC BANK

5/31/2025

AVAILABLE

SUITE 120 - 4,660 RSF

LEASED

SUITE 130 - 6,168 RSF

SEEBOOST/EVEGLAZE LLC

1/31/2027

20252026 2027 2028 2030 2031 VACANT

CCC - DIGITAL

LEASED SUITE 100 - 9,986 RSF TALLEY-RIGGINS CONSTRUCTION 6/30/2028 AVAILABLE SUITE 130 - 11,226 RSF LEASED SUITE 160 - 6,746 RSF ELECTION SYSTEMS & SOFTWARE 12/31/2026 LEASED SUITE 150 - 4,446 RSF GET CLEAN SERVICES 1/31/2026 LEASED SUITE 130 - 3,891 RSF SYNERGY SOLUTIONS 7/31/2026 LEASED SUITE 120 - 3,591 RSF PRELOAD, LLC 4/30/2026 LEASED SUITE 110 - 2,992 RSF DIRECT LINE GLOBAL 12/31/2027 LEASED SUITE 100 - 4,465 RSF TXS INDUSTRIAL DESIGN 6/30/2026 LEASED SUITE 140 - 2,993 RSF VERSAR, INC. 11/30/2027 20252026 2027 2028 2030 2031 VACANT

DIGITAL DRIVE, RICHARDSON, TX 75081

1217/1219

Bradford TenantPropertySpaceArea (SF)Date Last Activity Talley -Riggins1217 DigitalExpansion1,936-3,8721/19/23 They are interested in expanding one or two bays - Sent proposal 2/15/23 Provided them the HVAC information they requested 3/20/23 Received comments to the lease amendment 1217 Digital130 7,354 1210 Campbell120 4,660 1219 Digital 140 2,9937/18/22 Leased to Versar 1219 Digital110 2,99210/1/22 Leased to Direct Line 1217 Digital100 3,8723/30/23Talley-Riggins Expansion RENEWALS & EXPANSIONS CCC PROSPECTIVE TENANTS CCC VACANCIES RECENTLY LEASED 3/30/23 FullyexecutedThird Amendment 56

Leasing Activity Report

2100, 2200, & 2201 10TH STREET AND 1009 JUPITER ROARD, PLANO, TX 75074 20242027 2029 2030 2031 2032 VACANT LEASED SUITE 4100 - 43,680 RSF ENSEO 6/30/2027 LEASED SUITE 1100 - 33,460 RSF GLOBAL IP 10/31/2030 LEASED SUITE 2300 7,920 RSF VECTOR CONTROLS 5/31/2024 LEASED SUITE 2100 7,345 RSF FORTRESS SOLUTIONS 10/31/2027 LEASED SUITE 3100 - 25,920 RSF FORTRESS SOLUTIONS 10/31/2029

JUPITER

Broker said things on hold because chairman has been traveling. They are meeting the week of 27th.

SkilesGroupputtheir expansionplansonhold. Marketuncertaintywasthe driverbehindthisdecision.

Bradford TenantPropertySpaceArea (SF)Date Last Activity Skiles Group/JLL2201 10th St 150/Enseo Giveback 19,3863/3/2023Responded to their RFP 3/20/2023

Leasing Activity Report

2201 10th St 150/Enseo Giveback 19,386 RENEWALS & EXPANSIONS JUPITER PROSPECTIVE TENANTS JUPITER VACANCIES RECENTLY LEASED

4/12/2023

600, 601, 608 DEVELOPMENT DRIVE & 2600/2700 RESEARCH DRIVE, PLANO, TX 75074

20232024 2025 2026 2027 2030 VACANT LEASED SUITE 5100 - 38,180 RSF KCW ENTERPRISES 6/30/2025 LEASED SUITE 2100 - 6,957 RSF TERMINIX 3/31/2023 LEASED SUITE 2150 - 7,453 RSF ABLE AUTO 1/31/2023 LEASED SUITE 2300 - 8,924 RSF ADAPTIVE 3D 7/31/2024 LEASED SUITE 3120 - 15,479 RSF AXCENT NETWORKS 8/31/2026 AVAILABLE SUITE 3100 - 7,855 RSF LEASED SUITE 1300 - 45,422 RSF NEXREV INC. 10/31/2027 LEASED SUITE 4400 - 9,204 RSF NIMBLETRONICS 6/30/2025 LEASED SUITE 4200 - 10,248 RSF REMEDI SENIORCARE 3/31/2026 LEASED SUITE 4100 - 5,827 RSF CMC NETWORK 3/31/2024 LEASED SUITE 4125 - 4,409 RSF CALGAR ENTERPRISES 5/31/2026

RESEARCH CENTER

Leasing Activity Report

RENEWALS & EXPANSIONS RESEARCH

They want to renew. Mentioned HVAC units and foundation as concerns.

1/12/23

Because of mergers they are requesting one year renewal. Sent proposal taking them from $12.70 to $17.00

2/6/23 Sent them renewal document for signature

3/14/23

3/22/23

They sent comments to lease amendment. Waiting for attorney feedback.

Let them know we are not able to accept the indemnity language

Respondedtotheirfinal questionsregardingthe Indemnitylanguage.

They reached out to discuss early renewal

3/21/23

3/29/23

Provided them a proposal to relocate. Same terms as Horizon Oxygen.

Met with architect to discuss what would need to be added in order for them to renew in their current suite.

4/3/23FullyexecutedLease

TenantPropertySpaceArea (SF)Date Last Activity Terminix (3/31/23) 608 Development 100 6,95712/12/22

Bradford

CMC Network (3/31/24) 2/10/23

Horizon Oxygen/ Schaefer Amos 600 Development 3-100 7,8552/15/23 Toured on 2/15.

Expecting RFP soon. 3/22/23 Received signed LOI and financials

PROSPECTIVE TENANTS RESEARCH VACANCIES RECENTLY LEASED 4/12/23

4/18/23

Gotupdatedas-built, workingonTIestimate

600 Development 3-100 7,8554/3/23Leased to Horizon Oxygen 61

20252026 2027 2028 2029 2030 VACANT LEASED SUITE 100 - 10,008 RSF RACKMOUNT 7/31/2027 LEASED SUITE 800- 12,632 RSF BRINKS 12/31/2026 LEASED SUITE 600- 7,193 RSF M4 SPECIALTY 12/31/2026 LEASED SUITE 550- 5,024 RSF C&W SPECIALISTS 8/31/2026 LEASED SUITE 500- 7,680 RSF TNT SPA MOVERS 8/31/2027 LEASED SUITE 400- 7,680 RSF EXTRAVAGANZA 12/31/2025 LEASED SUITE 300- 7,200 RSF HISCO 9/30/2025 LEASED SUITE 200- 4,800 RSF PLANO DATA 7/31/2025 LEASED SUITE 700 - 7,193 RSF MIDLAND TOWER 2/29/2028 PLACID

1200 PLACID AVENUE, PLANO, TX 75074

Leasing Activity Report Bradford TenantPropertySpaceArea(SF)Date LastActivity Placid 400 4,80012/1/22LeasedtoExtravaganza Placid 700 7,1933/1/23LeasedtoMidlandTower RENEWALS & EXPANSIONS PLACID PROSPECTIVE TENANTS PLACID VACANCIES

LEASED 63

RECENTLY

SUNWEST FLEX LEASING

OWNER’S REPORT

SUNWEST PROTECTED LIST (UNTIL 7/12/23)

01/13/23 - Tenant will not be able to respond until new CEO gets in - expecting mid to end of February.

01/06/23 - Agreed to extend renewal offer through 2/28/23.

01/05/23 - Tenant has a new CEO starting at the end of January and requesting we extend this renewal proposal through the end of February (2/28/23) so that he can visit the office in early February and have time to evaluate with their Leadership Team. Pending ownership approval

Date (Last updat Tenant Space Term (mo.) Comments 01/13/23 OccuSystem Services Inc Financial Services LXD: 12/31/23 Current SF: 5,783 Current Rent: $ 14.00 Floor 1 Space 300 60 mo

Center

active deals as of 02/10/23 Proposals

Waters Ridge Tech

All

BRADFORD LEWISVILLE

OWNER’S REPORT

WATERS RIDGE II

1965 LAKEPOINTE DRIVE, LEWISVILLE, TX 75057

LEASED

SUITE 200- 11,194 RSF

HOYA OPTICAL LABS OF AMERICA, INC.

10/31/2025

LEASED

SUITE 100- 22,152 RSF HORIZON HEALTH CORPORATION

7/31/2024

20242025 2026 2027 2028 2029 VACANT

Bradford TenantPropertySpaceArea(SF)Date LastActivity HoyaOptical Labs WatersRidgeII200 11,1943/14/22HoyaRenewal-3years RENEWALS&EXPANSIONS WATERSRIDGEII

TENANTS VACANCIES RECENTLYLEASED 68

LeasingActivityReport

PROSPECTIVE

WATERS RIDGE III

1825 LAKEWAY DRIVE, LEWISVILLE, TX 75057

AVAILABLE

SUITE 300 - 10,386 RSF

LEASED

SUITE 400 - 15,814 RSF

K12 VIRTUAL SCHOOLS

6/30/2025

LEASED

SUITE 200 - 5,783 RSF

OCCUSYSTEMS

12/31/2023

LEASED

SUITE 100 - 6,300 RSF

CARDINAL TRACKING

8/31/2024

AVAILABLE

SUITE 800 - 5,071 RSF

LEASED

SUITE 500 - 12,344 RSF FORD MOTOR COMPANY

11/30/2025

SUITE 700 - 19,389 RSF

ALLEGIANCE TRUCKING

5/31/2025

20232024 2025 2026 2027 2028 VACANT

LeasingActivityReport

RENEWALS&EXPANSIONS

Sent them proposal to renew in current space and a proposal to expand into Suite 300 (10,386 sf)

3/20/23

Broker says we should expect counters to both proposals this week

4/6/23Received counter proposal

Sentcounterproposal.We addedamonthoffreerent andincreasedtheTIto $15,000

PROSPECTIVETENANTS

Blue Star is working with a prospect in the cloud consulting industry looking for 4,500-6,000 SF of office space. Sent marketing materials.

Sent Chase flyer and floor plan for suite 800. He has a client needing about 5k SF.

Bradford TenantPropertySpaceArea (SF)Date Last Activity 3/2/23

Cloud Consulting/ Blue Star CRE Waters Ridge III800 5,0713/13/23

Undisclosed/ Axis Realty Waters Ridge III800 5,0713/15/23

Waters Ridge III300 10,386 Waters Ridge III800 5,071

WATERS

RIDGEIII

OccuSystem Services/Method Insurance (12/31/23) Waters Ridge III200 5,783 4/11/23

VACANCIES RECENTLYLEASED

THIRTY-FOUR COMMERCIAL OFFICE LEASING

OWNER’S REPORT

LEASED SUITE 105 - 4,772 RSF MINIMALLY INVASIVE 11/30/2027 LEASED SUITE 100 - 6,110 RSF BENT TREE FAMILY PHYSICIANS 4/30/2026 LEASED SUITE 100 - 2,298 RSF DR. WALLACE 10/31/2023 LEASED SUITE 110 - 2,432 RSF DR. WALLACE 10/31/2023 AVAILABLE SUITE 120 - 1,298 RSF LEASED SUITE 125 - 495 RSF EVANTELL 6/30/2027 LEASED SUITE 130 - 1,213 RSF AURORA INSURANCE 9/30/2024 LEASED SUITE 140 - 3,590 RSF EVANTELL 6/30/2027 LEASED SUITE 180 - 2,660 RSF ALL CARE 8/31/2031 LEASED SUITE 100 - 1,240 RSF DR. WALLACE 10/31/2023 AVAILABLE SUITE 150 1,984 RSF

17110 N DALLAS PARKWAY, DALLAS, TX 75248 FIRST FLOOR EXPIRATIONS Lorem ipsum 20222023 2024 2025 2026 2031 VACANT 2027 2031 72

BENT TREE PLACE

LEASED SUITE 206 - 1,978 RSF JAMESON & POWERS 9/30/2025 LEASED SUITE 208 - 1,325 RSF JAMESON & POWERS 9/30/2025 LEASED SUITE 210 - 1,715 RSF FLAGG LAW 9/30/2025 LEASED SUITE 212 & 214 - 4,305 RSF BOHACH LAW 6/30/2024 LEASED SUITE 220 - 4,118 RSF WORKSHOP STUDIOS LEASED SUITE 222 - 876 RSF MARK FUGIT 2/28/2025 LEASED SUITE 230 - 2,627 RSF P.R.E.A.C.H. 2/29/2024 LEASED SUITE 290 - 2,750 RSF RAY LEVY & ASSOCIATES 6/30/2027 LEASED SUITE 286 - 1,178 RSF WORKSHOP STUDIOS 12/31/2022 LEASED SUITE 200 1,031 RSF JEFFERSON PHYSICIANS 4/30/2026 LEASED SUITE 280 - 1,942 RSF FIRST FINANCIAL 10/31/2024 LEASED SUITE 284 - 746 RSF ROARING LAMBS 10/31/2023 LEASED SUITE 201 - 1,278 RSF NATHAN RESEARCH INC. 9/30/2025 AVAILABLE SUITE 205 1,372 RSF

N DALLAS PARKWAY,

TX 75248 SECOND FLOOR EXPIRATIONS MECH MECH MECH AVAILABLE SUITE 218 2,269 RSF Lorem ipsum 20222023 2024 2025 2026 2031 VACANT 2027 2031 73

17110

DALLAS,

LeasingActivityReport Thirty-FourCommercial

TenantPropertySpaceArea (SF)Date Last Activity RREACHN Dallas Pky230 2,627 WorkshopN Dallas Pky220 4,118 Bohach Law Group N Dallas Pky212 3,898 Revere Asset Mgmt N Dallas Pky120 1,298 Gilani LawN Dallas Pky120 1,2983/22/23 Sent info. Likely out of price range. Drake Realty Group N Dallas Pky125/120/1602,0002/15/23 Sent information for 2K SF requirement. Spec suites would be a good fit. N Dallas Pky120 1,298 FC Lending Moved Out 10/31 N Dallas Pky150 1,984 N Dallas Pky205 1,372 N Dallas Pky215 2,269 N Dallas Pky286 1,178 Workshop moving out after construction N Dallas Pky220 4,11811/15/22 Workshop Studios N Dallas Pky201 1,27811/22/22Nathan Research RNL N Dallas Pky100 6,1102/1/23Bent Tree Physicians RNL N Dallas Pky200 1,0312/1/23Jefferson Physicians RNL N Dallas Pky125 495 3/22/23 Evantell Expansion RENEWALS&EXPANSIONS Tollway PROSPECTIVETENANTS VACANCIES RECENTLYLEASED 4/19/2023 RecievedRFPanddrafting responsefor5-yrterm 4/19/2023 Callscheduledtoreview additionalRSF 4/13/2023 ProposaloutforTenant review 4/19/23 CurrentlyatPrestonTrailsin Dallas. 74

Leasing Takeover Checklist - Bent Tree Place

A CT I ON I TE M CON TACT COM PLE TE D/APP RO VE D Listing Agreement Pending Spec/Renovation Plans Rent Roll X Lease Assumptions X Stacking Plan X X NER Analysis Form Tenant Contact List X X Proposal Language – Landlord Standard (if needed) Property Management & Security & Engineering Contacts X Tour Procedure – Setting Up Tours X Existing Leases X Encumbrance Study X Establish Tour Script & Path X Parking for Brokers X Commission Agreement for Brokers X Building Specifications/Fact Sheet X Quoted Rate PSF X 2022 Operating Expense Breakdown & Electricity X Key / Access Cards X X X X X MARKETING Leasing Announcement (email & social media) Costar Transfer Leasing Sign New Flyer Branded Floorplans Email Blast Campaign Establish Marketing Budget Marketing Boards Colorbook Floorplans/Stacking Plans

X X X Pending Spec/Renovation Plans Pending Spec/Renovation Plans 75

ASSET MANAGEMENT REPORTS

CONSTRUCTION/ TENANT IMPROVEMENTS

OWNER’S REPORT

Kennington Alpha Center, LLC

Construction Active TI Projects

Project: #285-2 Aussie Grind

GC: TBD

SF: 1,887

Develop Inc 5,728

Project: #285-2 Aussie Grind

GC: TBD

Develop Inc 5,728

TI Allowance: $71,198.19

SF: 1,887

TI Allowance: $71,198.19

Kennington Alpha Center, LLC

Construction Active TI Projects

Project: #285-1 (288) Kitchen Social

GC: TBD

SF: 1,928

Develop Inc 5,728

TI Allowance: $48,200

80 79

Kennington Alpha Center, LLC

Construction Active TI Projects

Project: #285/288 LL Work

GC: Develop Inc

SF: 5,728

Cost: $180,000.00

Cost/SF: $31.45

1 80

Cost: $100,000.00

Construction Active TI Projects Updated Monument Signage for Alpha Plaza Tenant Panel 36” 72” Tenant Panel 96” 30” 36” Tenant Panel 36” 72” Tenant Panel 80” 30” 36” Tenant Panel 36” 72” Tenant Panel 80” 30” 36” Tenant Panel C) C) l'j lL \l) r-- C) d;)'<t '°rn -strn488S - ISS 4,860 Sf 4885 - 155 1,8"10 5F 488S - 12S 9,600 Sf 488S -110 "l,814 Sf lfl C) N lL \l) r-- C) d;)C) d;)� -st�488S - 100 2,466 Sf C) �IL \l) r-- C) d;)C) '°rn -st�[ J 4881 -260 4,189 Sf 4881 -210 4,000 Sf 4881 -21S 4,800 Sf �llllllllnllllllll� Estimated

Kennington Alpha Center, LLC

Kennington Midway Center LLC

Kennington Midway Center, LLC

Construction Active TI Projects

Project: Valencia Theater

GC: Round Table

SF: 1,875

Cost: $47,133.57

Weiss Services- Tenant Project 1,875 $32,771.54

Cost/SF: $25.14 +44"

Kennington Research Center, LLC Construction Active TI Projects

Property: 44 Research

Project: Horizon Oxygen LL Work

Suite: Bldg.6 #100

GC: Lonestar

Cost: $29,663.00

SF: 7,855

Cost/SF: $3.78

Bent Tree Place re Remediation - Buildin

Capital Improvement- Exterior Improvements

Front Facade, Monument Sign, Feature Wall

PROPOSEDFEATUREWALL VIEWFROMDALLASPARKWAY

PROPOSEDEXTERIORENTRANCEFACADE VIEWFROMPARKINGLOT

PROPOSEDMONUMENTSIGN VIEWFROMDALLASPARKWAY

WHAT TO EXPECT

BENT TREE PLACE PLANNED SCOPE OF WORK

-FAN COIL UNIT REPLACEMENTS & VALVES - FIRST & SECOND FLOOR

- CEILING TILE REPLACEMENT - FIRST FLOOR

-CORRIDORS CEILING TILE REPLACEMENT - FIRST & SECOND FLOOR

-BUILDING LOBBY & CORRIDOR PAINTING

COMMON QUESTIONS

WHY ARE WE WORKING/REPLACING ITEMS IN THE BUILDING?

IN AUGUST 2022, A FIRE OCCURRED IN THE BUILDING ORIGINATING IN A TENANT SUITE ON THE FIRST FLOOR. DUE TO THE SMOKE AND SILT FROM THE FIRE THE PROPERTY OWNER’S INSURANCE HAS APPROVED THE REPLACEMENT OF MAJOR COMPONENTS TO THE BUILDING MECHANICAL SYSTEM.

WHEN WILL THE WORK OCCUR?

THE WORK IS SCHEDULED TO OCCUR DURING THE EVENING/AFTER HOURS. CREWS WILL BE ONSITE WORKING MONDAY-FRIDAY FROM 5PM-5AM. THE OVERALL SEQUENCE WILL LAST SEVERAL MONTHS.

WHO IS SUPERVISING THE CONTRACTORS WORKING IN OUR SPACE?

THIRTY-FOUR HAS CONTRACTED WITH SECURITAS SECURITY TO SUPERVISE THE VENDORS AND CONTRACTORS WORKING IN THE BUILDING AND ANY OCCUPIED SUITES. SECURITY IS MANAGED AND COMMUNICATED WITH BY THIRTY-FOUR COMMERCIAL’S MANAGEMENT TEAM.

HOW LONG WILL THE WORK TAKE IN MY SUITE?

EACH SUITES MECHANICAL LAYOUT IS DIFFERENT, SO THE DEFINED TIMELINE IS SPECIFIC TO EACH SUITE. THE VENDORS HAVE COLLABORATED AND COORDINATED TO COMPLETE THIS WORK AS QUICKLY AND AS MINIMALLY INVASIVE TO YOUR BUSINESS AS POSSIBLE.

WHO DO I CONTACT IF I HAVE QUESTIONS/COMMENTS/CONCERNS?

DIRECTOR OF CONSTRUCTION - MACKENZIE DUPONS AT MACKENZIE.DUPONS@THIRTY-FOUR.COM

WHO DO I CONTACT IF I NEED IMMEDIATE ASSISTANCE?

MANAGEMENT OFFICE: 214-974-4334 / THE MANAGEMENT OFFICE HAS A AFTER HOURS ANSWERING SERVICE WHO CAN ASSIST AND ROUTE YOUR CONCERNS IF THE OFFICE IS CLOSED AFTER 5PM.

IS MY BUSINESS BEING CHARGED FOR THIS WORK THAT IS OCCURRING?

NO, THE PROPERTY OWNERS’ INSURANCE HAS APPROVED THE WORK AS A PART OF THE FIRE CLAIM SUBMITTED IN AUGUST 2022.

THE MANAGEMENT TEAM & PROPERTY OWNERS VALUE YOU AND YOUR COMPANY AS A TENANT. WE UNDERSTAND THE INCONVENIENCE THIS IS CAUSING AND WILL WORK DILIGENTLY TO GET THE APPROVED WORK COMPLETED AS TIMELY AS POSSIBLE. WE GREATLY APPRECIATE YOUR UNDERSTANDING & PATIENCE DURING THIS TIME.

Bent Tree Place

Fire Remediation - Building

Bent Tree Place

Fire Remediation - Building

BENTTREEFAMILYPHYSICIANS 6,110RSF

SUITE105 MINIMALLYINVASIVE 4,772RSF DR.SUITE100 1,240WALLACE RSF

DR.SUITE100 2,298WALLACE RSF

SUITE105 MINIMALLYINVASIVE 4,772RSF DR.SUITE100 1,240WALLACE RSF

SUITE130 AURORAINSURAN 1,213RSF 495RSFSUITE120 FCMORTGAGE 1,298RSF 110 432WALLACE RSF

Fire Remediation

Ceiling Tile Replacement &HVAC Duct Replacement

Painting

Fire Remediation

DR.SUITE110 2,432WALLACE RSF

SUITE125 LIGHTHEADED 495RSFSUITE120 FCMORTGAGE 1,298RSF

Fire Remediation

SUITE180SUITE160

SUITE140

SUITE130 AURORAINSURAN 1,213RSF

MECH MECH MECH MECH MECH

MECH MECH MECH MECH MECH MECH MECH

SUITE180SUITE160

SUITE140

A LOOK INSIDE THE PLANNED WORK

The first step before starting the work is covering tenants furniture & fixtures and protecting the elements in the tenants suite.

Contractors then collaborate and work together to expose the areas in the ceiling needed to work and expose the components for replacement.

Contractors work side by side under the supervision of security to replace the components.

The Team finds a adequate stopping point for the night to allow time for clean up and protecting the tenants space from areas needed to leave open over night until the next shift at 5pm.

Bent Tree Place

2nd Floor Corridors- New Ceiling Tile- Completed

Fire Remediation - Building

Bent Tree Place

Bent Tree Place #220

Suite: 220 Project: Workshop

GC: Preston Pierce

SF: 3,300

4,118

Cost: $165,000.00

$205,900.00

Cost/SF: $50.00

Suite: 220

Project: Workshop

GC: Preston Pierce

SF: 3,300

Cost: $165,000.00

Cost/SF: $50.00

SF: 3,300 Cost: $165,000.00 Cost/SF: $50.00

Bent Tree Place

17110 N. Dallas – Toll

Project: Spec Suite 160

SF: 1,984

Target Cost/SF: $50.00

Target Cost: $99,200.00

Status: Preliminary Bids

Bent Tree Place #220 Spec Suite #160

Fire Remediation- Suite Bent Tree Place #220#160

Pending Leasing at Suite #212

SPECSUITE160-OPTION1

tv fullht. cab. feature/logowall optional/future wall ref. BREAK/ OPEN OFFICE 25'-3"X 19'-0" OFFICE1 9'-0"X14'-6" OFFICE2 10'-0"X14'-6" OFFICE3 9'-6"X14'-6" CONF. 13'-6"X 19'-0" ENTRY 18'-0"X 14'-6" pendants (alternate) linear pendant (alternate) tv fullht. cab. feature/logowall optional/future wall ref. OFFICE1 9'-0"X14'-6" OFFICE2 10'-0"X14'-6" OFFICE3 9'-6"X14'-6" CONF. 13'-6"X 19'-0" ENTRY 18'-0"X 14'-6" linear pendant (alternate) OPTIONAL FUTURE OFFICE 9'-0"X 13'-3" OPTIONAL WORK/ STOR. 7'-0"X 13'-3" BREAK 8'-3"X 13'-3" ©2022TheidGROUP,LLC

*NOTFORCONSTRUCTION *ROOMSIZESAREAPPROXIMATE *APPLIANCESANDEQUIPMENTSHOWNAREFOR GRAPHICPURPOSESONLY *TENANTTOCONFIRMFURNITUREWILLFITWITHIN PROPOSEDPLAN *PLANPROVIDEDFORGRAPHICPURPOSESONLY *THEidGROUPHASNOTFIELDVERIFIEDFLOOR *PLANPENDINGCITYAPPROVAL SPACEPLAN#1.0SUITE#160XXXRSF11-30-2022 17110DALLASPARKWAY,DALLASTX75248

ExistingWall NewWall PROJECTNO:680-001 DRAWNBY:SO

BENTTREEPLACE

KEYPLAN-1STFLOOR (futureoption)

17110 N. Dallas – Toll

Bent Tree Place

Fire Remediation- Suite Bent Tree Place #220 #215

Bent Tree Place #220 Spec Suite #215

Project: Spec Suite 215

SF: +/- 2500

Target Cost/SF: $50.00

Estimated Cost: $125,000.00

Status: Preliminary Bids

*NOTFORCONSTRUCTION

*ROOMSIZESAREAPPROXIMATE

*APPLIANCESANDEQUIPMENTSHOWNAREFOR

GRAPHICPURPOSESONLY

*TENANTTOCONFIRMFURNITUREWILLFITWITHIN

PROPOSEDPLAN

*PLANPROVIDEDFORGRAPHICPURPOSESONLY

*THEidGROUPHASNOTFIELDVERIFIEDFLOOR

*PLANPENDINGCITYAPPROVAL

SPECSUITE215

BENTTREEPLACE

17110DALLASPARKWAY,DALLASTX75248

KEYPLAN-2NDFLOOR

OFFICE1 15'-6"X11'-0" OFFICE2 15'-0"X11'-0" OFFICE3 14'-0"X11'-0" CONF. 19'-0"X11'-0" ENTRY/ADMIN. 10'-0"X 12'-9" logo/featurewall OFFICE4 13'-6"X9'-0" OFFICE5 13'-6"X9'-0" IT/STOR. 16'-6"X5'-9" BREAK 17'-3"X15'-9"± ©2022TheidGROUP,LLC SPACEPLAN#1.0SUITE#215xxxxRSF12-05-2022

PROJECTNO:680-002 DRAWNBY:KS ExistingWall NewWall

Fire

Project: Spec Suite 205

SF: 1,372

Cost/SF: $50.00

Estimated Cost: $68,600.00

Status: Preliminary Pricing

*TENANTTOCONFIRMFURNITUREWILLFITWITHIN PROPOSEDPLAN

*PLANPROVIDEDFORGRAPHICPURPOSESONLY

*THEidGROUPHASNOTFIELDVERIFIEDFLOOR

*PLANPENDINGCITYAPPROVAL

SECONDFLOOR SUITE212&214 BOHACHLAW AVAILABLESUITE220 SUITE222 MARKFUGIT SUITE230 R.R.E.A.C.H. SUITE290 RAYLEVY&ASSOCIATES SUITE286 WORKSHOPSTUDIOS SUITE200 JEFFERSONPHYSICIANS SUITE280 FIRSTFINANCIAL SUITEROARINGSUITE284LAMBS 201 NATHANRESEARCHINC. AVAILABLESUITE205 SUITE208 JAMESON&POWERS SUITE206 AVAILABLE SUITE210 FLAGGLAW ExistingWall NewWall

*NOTFORCONSTRUCTION *ROOMSIZESAREAPPROXIMATE *APPLIANCESANDEQUIPMENTSHOWNAREFOR GRAPHICPURPOSESONLY

Remediation- Suite

Tree Place #220 #215

Tree Place

Bent

#205

Bent Tree Place #220 Spec Suite #215

SPACE PLAN #1.0 SUITE #215 xxxx RSF 12-05-2022

ASSET MANAGEMENT REPORTS

ADDITIONAL REPORTS

OWNER’S REPORT

KENNINGTON LITIGATION MATTERS

APRIL 20, 2023

MATTER STATUS OF CASE

ULTIMATE ESCAPE GAME

The former tenant has left the premises with a lease that does not end until May 2027. Suit has been filed in Dallas County district court for actual damages, including accelerated rent, in the amount if $217,178.00. There is no personal guarantor on this debt. The tenant did not answer the lawsuit. An order of default has been entered by the court in the amount of $217,178.00, plus legal fees and costs. The judgment will be abstracted in the public record within 30 days.

JP Morgan Investment Account

Account 4/25/22 6/21/22 1/30/23 2/20/23 4/25/23 Change Investment Grade Corporate Bonds 8,642,652 8,515,437 2,568,713 2,525,151 2,593,567 (43,562) Preferred Stocks 4,361,546 Upper Tier High Yield 1,618,004 TOTAL 14,622,202 8,515,437 2,568,713 2,525,151 2,593,567 (43,562) Loan Balance 11,870,848 5,802,556 300,000 300,000 300,000Equity 2,751,354 2,712,881 2,268,713 2,225,151 2,293,567 (43,562) Availability - 1,407,337 1,895,590 1,859,871 1,600,000 (35,719) Advance Rate 81.2% 84.7% 85.5% 85.5% 73.3% 4/25/22 6/21/22 1/30/23 2/20/23 Purchase Yield Purchase Yield Purchase Yield Purchase Yield $'s Investment Grade Corporate Bonds 3.02 2.70 2.70 2.70 70,026 Preferred Stocks Upper Tier High Yield Average 3.02 2.70 2.70 2.70 70,026 Line of Credit (1.69) (2.55) (5.40) (5.65) (6.10) (18,300) Annual Arbitrage 0.47 (2.70) (2.95) (3.40) 51,726 98

OLD BUSINESS ASSET MANAGEMENT REPORTS

OWNER’S REPORT

INVESTMENT PROFILE

About Us

Kennington Commercial is a familyowned and privately-held commercial real estate investment firm founded in the 1960s in Dallas, Texas. We are focused on long-term ownership of office, officeflex, industrial and retail assets. We have acquired, sold and financed over $400 million in transactions. We have three principal owners; no outside investors and an impeccable reputation as business and community leaders in North Texas.