KPH Board Meeting - January 2023 by thirty-four

KENNINGTON PROPERTY HOLDINGS

JANUARY 2023

OWNER’S REPORT

KENNINGTON PROPERTY HOLDINGS LTD.

BOARD MEETING AGENDA

February 2, 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 (need reformatted from Karla)

2. Cash Flow Projections Summary (need reformatted from Karla)

3. Leasing Reports

Bradford RETAIL

Bradford FLEX

Bradford RPW (Richardson/Plano/Waters Ridge)

Sunwest (Protection List – thru July 2023)

Thirty-Four Commercial

4. Construction/Tenant Improvements

Bent Tree Place – TI/LC draw and fire damage escrows

5. Additional Reports

Litigation – None

JPMorgan Investment Summary

6. Old Business

Feedback from December Board Meeting

2023 Budgets

Project Finch Closing Dinner

7. New Business

NNN Portfolio Percentage Analysis

Primera – capitalized fees example

Moderne Investment

Next Meeting – Thursday, February 23, 2023

Adjournment

KPH

Board Meeting Minutes

APPROVAL OF DECEMBER 2022 MINUTES

OWNER’S REPORT

- JANUARY 2023

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

OWNER’S REPORT

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

INCOME STATEMENT

OWNER’S REPORT

Kennington Property Holdings

Period to Date Year to Date REVENUE RENTAL INCOME Rental Income 764,280.57 8,471,781.47 Rent Abatement -12,548.60 -114,310.92 Deferred Rent 2,652.03 36,229.03 Rent - Holdover 0.00 3,281.00 Admin. Fees 600.00 7,200.00 Termination Fee 680.63 20,837.90 Prepaid Rent 64,506.73 100,402.44 TOTAL RENTAL INCOME 820,171.36 8,525,420.92 EXPENSE REIMBURSEMENT CAM Estimate 237,707.90 2,787,241.72 CAM Reconcile 0.00 -26,785.99 Tax Estimate 442.00 884.00 Tenant Direct Reimb 0.00 -299.00 Electric Estimate 5,481.33 39,032.66 TOTAL EXPENSE REIMBURSEMENT 243,631.23 2,800,073.39 OTHER INCOME Late and NSF Fees 0.00 7,783.46 Gain/Loss on Sale 761.27 -4,675.02 Misc. Income 350.00 350.00 TOTAL OTHER INCOME 1,111.27 3,458.44 TOTAL REVENUE 1,064,913.86 11,328,952.75 OPERATING EXPENSES REIMBURSABLE EXPENSES INSURANCE Insurance 0.00 570,105.84 TOTAL INSURANCE 0.00 570,105.84 GROUNDS MAINTENANCE Lawn/Landscape 6,875.15 305,147.58 Landscaping Improvements 9,281.95 14,928.22 Tree Trimming 8,971.52 46,687.61 Irrigation Repairs 2,074.17 47,972.45 Snow Removal 0.00 19,092.69 Parking Lot Repairs 0.00 1,515.50 Parking Lot Cleaning 1,905.20 13,728.19 TOTAL GROUND MAINTENANCE 29,107.99 449,072.24

Income Statement Period = Dec 2022

Kennington Property Holdings

Period to Date Year to Date

Period = Dec 2022

Income Statement

PROPERTY TAXES Taxes 1,480,883.33 1,507,003.45 Property Tax Consulting 0.00 60,256.09 HOA Dues and Assessments 0.00 5,070.00 TOTAL PROPERTY TAXES 1,480,883.33 1,572,329.54 UTILITIES Electricity 10,363.59 86,426.06 Water 30,162.07 307,179.38 Trash Pick Up 12,198.51 144,120.85 TOTAL UTILITIES 52,724.17 537,726.29 BUILDING MAINTENANCE Exterior Lighting 3,032.24 33,483.83 General Maintenance 4,195.92 21,741.27 Security 518.30 6,644.07 Fire Alarm Systems 2,521.83 31,422.07 Fire Alarm Phone Lines 2,143.44 12,325.41 Porter Services 22,654.01 113,480.60 Exterior Pest Control 5,791.40 52,059.39 Pest Control Services -346.41 0.00 Janitorial Services 3,493.19 9,584.38 Window Washing 0.00 15,707.09 Maintenance Wages 26,018.05 168,538.08 Elevator Contract 155.83 779.15 Misc. Repairs - Bldgs 259.80 2,784.42 Roof Repairs 0.00 2,408.57 HVAC Repairs 1,682.55 4,917.21 Plumbing Repairs 0.00 11,825.66 Electrical Repairs -2,273.25 8,394.80 Maint. Supplies 4,260.17 19,845.53 TOTAL BUILDING MAINTENANCE 74,107.07 515,941.53 MANAGEMENT FEES Management Fees 40,842.81 432,847.77 Administrative Fees 0.00 4,681.81 Management Wages 43,689.29 342,661.19 Administrative Wages 26,955.77 184,388.28 TOTAL MANAGEMENT FEES 111,487.87 964,579.05 TOTAL REIMBURSABLE EXPENSES 1,748,310.43 4,609,754.49 NON-REIMBURSABLE EXPENSES 7

Kennington Property Holdings

Period to Date Year to Date

Period = Dec 2022

Income Statement

NON-CAM ADMIN EXPENSE Office Expense - Misc. 0.00 -0.18 Marketing Expense 6,634.72 68,623.56 Bank Charges 102.76 591.67 Administrative Wages - Non CAM 9,831.41 90,410.14 Office Supplies 2,518.34 38,766.04 Computer Software 10,810.92 79,449.48 Dues and Subscriptions 1,993.56 14,408.57 Rent Expense 7,039.51 85,183.90 TOTAL NON-CAM ADMIN EXPENSE 38,931.22 377,433.18 NON-CAM BUILDING EXPENSE Makeready Repairs 0.00 -992.71 Makeready Cleaning 0.00 2,897.86 Makeready Expense 1,299.00 4,941.36 Locksmith Services 372.94 20,021.73 Vacancy Cleaning Non-Cam 731.78 2,117.44 HVAC Repairs Non-Cam 0.00 14,942.97 Plumbing Repair Non-Cam 1,960.47 27,895.21 TOTAL NON-CAM BUILDING EXPENSE 4,364.19 71,823.86 NON-CAM UTILITIES Vacancy Electricity Non-Cam 7,480.80 63,535.92 Vacancy Gas Non-Cam 1,574.56 15,857.06 TOTAL NON-CAM UTILITIES 9,055.36 79,392.98 TOTAL NON-REIMBURSABLE EXPENSES 52,350.77 528,650.02 TOTAL OPERATING EXPENSES 1,800,661.20 5,138,404.51 NET OPERATING INCOME -735,747.34 6,190,548.24 OWNER EXPENSES Franchise Tax 0.00 192,004.90 Asset Management Fee 10,210.70 108,211.96 Legal Fees 0.00 66,584.58 Accounting 3,349.45 61,444.13 Consulting Fees 41,256.88 261,755.07 Meals 678.83 3,050.45 K.F. Overhead 3,610.00 61,798.38 TOTAL OWNER EXPENSES 59,105.86 754,849.47 DEBT EXPENSE Interest Expense 184,200.49 1,887,684.04 TOTAL DEBT EXPENSE 184,200.49 1,887,684.04 8

Period to Date Year to Date Income Statement Period = Dec 2022

NET INCOME -979,053.69 3,548,014.73 9

Kennington Property Holdings

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

BALANCE SHEET

OWNER’S REPORT

Balance Sheet

Current Balance ASSETS CASH Cash - Chase Savings 301,142.86 Cash - Chase Operating 577,588.90 Cash - Vantage Bank (51) 100.00 TOTAL CASH 878,831.76 ACCOUNTS RECEIVABLE Accounts Receivable 32,901.89 Due to/from 12,824.04 TOTAL ACCOUNTS RECEIVABLE 45,725.93 PROPERTY Land 6,452,597.99 Buildings 77,870,941.90 Tenant Improvements 8,676,921.11 Landscape Improvements 960,943.51 TOTAL PROPERTY 93,961,404.51 INTANGIBLE ASSETS Mortgage Escrow 260,000.00 Tax Escrow 80,389.65 CapEx Escrow 500,000.00 Utility Deposit 1,800.00 Loan Closing Cost 1,243,497.82 Loan Fees 236,704.75 Legal Closing Cost 138,005.25 Legal Fees 86,063.79 Loan Origination Fee 76,888.72 Capitalized Commissions 3,095,091.41 TOTAL INTANGIBLE ASSETS 5,718,441.39 ACCUMULATED AMORTIZATION and DEPRECIATION Accum Amortization -25,074,009.00 TOTAL ACCUMULATED AMORTIZATION and DEPRECIATION -25,074,009.00 OTHER ASSETS Marketable Securities XX9008 2,457,635.79 Due Diligence Costs 8,811.55 Deferred 1031 Asset 167,166.98 TOTAL OTHER ASSETS 2,633,614.32

Period = Dec 2022 11

Balance Sheet

Current Balance

Period = Dec 2022 TOTAL ASSETS 78,164,008.91 LIABILITIES AND EQUITY LIABILITIES MORTGAGE NOTES PAYABLES Mortgage Payable 54,729,572.27 TOTAL MORTGAGE NOTES PAYABLES 54,729,572.27 LINE OF CREDIT Line of credit - JP Morgan Chase 300,000.00 TOTAL LINE OF CREDIT 300,000.00 TOTAL NOTES 55,029,572.27 ACCOUNTS PAYABLE Accounts Payable 329,876.40 Insurance Proceeds 187,844.70 Insurance Proceeds - Campbell 39,914.36 TOTAL ACCOUNTS PAYABLE 557,635.46 OTHER LIABILITIES Security Deposits 773,948.83 Deferred 1031 Gain 10,964,473.62 TOTAL OTHER LIABILITIES 11,738,422.45 TOTAL LIABILITIES 67,325,630.18 EQUITY The Dallas Foundation 76,762.03 Craig Kennington CCC Trust 3,065,978.73 Clark Kennington CCC Trust 3,065,980.66 Clayton Kennington CCC Trust 3,065,979.68 OWNER DRAW Capital Distributions - Craig Kennington CCC Trust -8,197,594.76 Capital Distributions - Clark Kennington CCC Trust -8,197,594.76 Capital Distributions - Clayton Kennington CCC Trust -8,197,594.76 Capital Distributions - The Dallas Foundation -913,850.48 TOTAL OWNER DRAW -25,506,634.76 Retained Earnings 32,388,540.38 Prior Years Retained Earnings -5,318,227.99 12

Current Balance

Period = Dec 2022 TOTAL EQUITY 10,838,378.73 TOTAL LIABILITIES AND EQUITY 78,164,008.91 13

Balance Sheet

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

BUDGET COMPARISON REPORT

OWNER’S REPORT

Budget Comparison (with PTD)

MTD Actual MTD Budget Variance PTD Actual PTD Budget Variance REVENUE RENTAL INCOME Rental Income 764,280.57 811,721.21 -47,440.64 8,471,781.47 8,724,466.61 -252,685.14 Rent Abatement -12,548.60 0.00 -12,548.60 -114,310.92 0.00 -114,310.92 Deferred Rent 2,652.03 4,214.59 -1,562.56 36,229.03 50,575.08 -14,346.05 Rent - Holdover 0.00 0.00 0.00 3,281.00 0.00 3,281.00 Admin. Fees 600.00 600.00 0.00 7,200.00 7,200.00 0.00 Termination Fee 680.63 0.00 680.63 20,837.90 0.00 20,837.90 Prepaid Rent 64,506.73 0.00 64,506.73 100,402.44 0.00 100,402.44 TOTAL RENTAL INCOME 820,171.36 816,535.80 3,635.56 8,525,420.92 8,782,241.69 -256,820.77 EXPENSE REIMBURSEMENT CAM Estimate 237,707.90 275,065.79 -37,357.89 2,787,241.72 3,175,786.41 -388,544.69 CAM Reconcile 0.00 0.00 0.00 -26,785.99 0.00 -26,785.99 Tax Estimate 442.00 0.00 442.00 884.00 0.00 884.00 Tenant Direct Reimb 0.00 0.00 0.00 -299.00 0.00 -299.00 Electric Estimate 5,481.33 0.00 5,481.33 39,032.66 0.00 39,032.66 TOTAL EXPENSE REIMBURSEMENT 243,631.23 275,065.79 -31,434.56 2,800,073.39 3,175,786.41 -375,713.02 OTHER INCOME Late and NSF Fees 0.00 0.00 0.00 7,783.46 0.00 7,783.46 Gain/Loss on Sale 761.27 0.00 761.27 -4,675.02 0.00 -4,675.02 Misc. Income 350.00 0.00 350.00 350.00 0.00 350.00 TOTAL OTHER INCOME 1,111.27 0.00 1,111.27 3,458.44 0.00 3,458.44 TOTAL REVENUE 1,064,913.86 1,091,601.59 -26,687.73 11,328,952.75 11,958,028.10 -629,075.35 OPERATING EXPENSES REIMBURSABLE EXPENSES INSURANCE Insurance 0.00 35,594.56 35,594.56 570,105.84 422,740.23 -147,365.61 TOTAL INSURANCE 0.00 35,594.56 35,594.56 570,105.84 422,740.23 -147,365.61 GROUNDS MAINTENANCE Lawn/Landscape 6,875.15 21,967.94 15,092.79 305,147.58 258,080.18 -47,067.40 Landscaping Improvements 9,281.95 6,400.00 -2,881.95 14,928.22 28,400.00 13,471.78 Tree Trimming 8,971.52 3,000.00 -5,971.52 46,687.61 55,100.00 8,412.39 Irrigation Repairs 2,074.17 3,565.47 1,491.30 47,972.45 43,390.77 -4,581.68 Snow Removal 0.00 4,050.00 4,050.00 19,092.69 10,850.00 -8,242.69 Storm Damage 0.00 12,423.33 12,423.33 0.00 149,079.96 149,079.96 Parking Lot Repairs 0.00 840.18 840.18 1,515.50 25,932.18 24,416.68 Parking Lot Cleaning 1,905.20 627.87 -1,277.33 13,728.19 7,534.44 -6,193.75 TOTAL GROUND MAINTENANCE 29,107.99 52,874.79 23,766.80 449,072.24 578,367.53 129,295.29 PROPERTY TAXES Taxes 1,480,883.33 1,569,057.10 88,173.77 1,507,003.45 1,631,559.10 124,555.65 Property Tax Consulting 0.00 0.00 0.00 60,256.09 39,394.85 -20,861.24 HOA Dues and Assessments 0.00 0.00 0.00 5,070.00 0.00 -5,070.00 TOTAL PROPERTY TAXES 1,480,883.33 1,569,057.10 88,173.77 1,572,329.54 1,670,953.95 98,624.41 UTILITIES Electricity 10,363.59 8,926.06 -1,437.53 86,426.06 77,436.32 -8,989.74 Water 30,162.07 17,746.75 -12,415.32 307,179.38 202,588.53 -104,590.85 Trash Pick Up 12,198.51 12,579.36 380.85 144,120.85 146,951.96 2,831.11 Gas 0.00 1,200.00 1,200.00 0.00 8,400.00 8,400.00 TOTAL UTILITIES 52,724.17 40,452.17 -12,272.00 537,726.29 435,376.81 -102,349.48 BUILDING MAINTENANCE Exterior Lighting 3,032.24 2,583.61 -448.63 33,483.83 30,175.31 -3,308.52 General Maintenance 4,195.92 2,347.78 -1,848.14 21,741.27 26,205.88 4,464.61 Security 518.30 546.53 28.23 6,644.07 6,482.36 -161.71 Fire Alarm Systems 2,521.83 1,938.36 -583.47 31,422.07 20,018.31 -11,403.76 Fire Alarm Phone Lines 2,143.44 1,074.11 -1,069.33 12,325.41 11,534.32 -791.09

Period = Jan 2022-Dec 2022 15

MTD Actual MTD Budget Variance PTD Actual PTD Budget Variance Budget Comparison (with PTD) Period = Jan 2022-Dec 2022 Porter Services 22,654.01 8,929.89 -13,724.12 113,480.60 90,861.87 -22,618.73 Exterior Pest Control 5,791.40 4,139.79 -1,651.61 52,059.39 48,357.53 -3,701.86 Pest Control Services -346.41 0.00 346.41 0.00 0.00 0.00 Janitorial Services 3,493.19 0.00 -3,493.19 9,584.38 0.00 -9,584.38 Window Washing 0.00 2,454.58 2,454.58 15,707.09 29,923.46 14,216.37 Maintenance Wages 26,018.05 16,402.71 -9,615.34 168,538.08 187,373.52 18,835.44 Elevator Contract 155.83 0.00 -155.83 779.15 0.00 -779.15 Misc. Repairs - Bldgs 259.80 2,333.02 2,073.22 2,784.42 21,996.24 19,211.82 Roof Repairs 0.00 89.00 89.00 2,408.57 623.00 -1,785.57 HVAC Repairs 1,682.55 2,565.00 882.45 4,917.21 17,955.00 13,037.79 Plumbing Repairs 0.00 1,639.38 1,639.38 11,825.66 14,172.56 2,346.90 Electrical Repairs -2,273.25 492.31 2,765.56 8,394.80 5,407.72 -2,987.08 Maint. Supplies 4,260.17 848.62 -3,411.55 19,845.53 10,183.44 -9,662.09 TOTAL BUILDING MAINTENANCE 74,107.07 48,384.69 -25,722.38 515,941.53 521,270.52 5,328.99 MANAGEMENT FEES Management Fees 40,842.81 40,749.25 -93.56 432,847.77 452,817.09 19,969.32 Administrative Fees 0.00 809.91 809.91 4,681.81 9,025.39 4,343.58 Management Wages 43,689.29 24,146.63 -19,542.66 342,661.19 289,760.00 -52,901.19 Administrative Wages 26,955.77 13,703.32 -13,252.45 184,388.28 157,811.55 -26,576.73 TOTAL MANAGEMENT FEES 111,487.87 79,409.11 -32,078.76 964,579.05 909,414.03 -55,165.02 TOTAL REIMBURSABLE EXPENSES 1,748,310.43 1,825,772.42 77,461.99 4,609,754.49 4,538,123.07 -71,631.42 NON-REIMBURSABLE EXPENSES NON-CAM ADMIN EXPENSE Office Expense - Misc. 0.00 0.00 0.00 -0.18 0.00 0.18 Marketing Expense 6,634.72 2,070.94 -4,563.78 68,623.56 24,852.00 -43,771.56 Bank Charges 102.76 1,096.44 993.68 591.67 4,396.04 3,804.37 Administrative Wages - Non CAM 9,831.41 5,795.29 -4,036.12 90,410.14 69,544.00 -20,866.14 Office Supplies 2,518.34 1,824.98 -693.36 38,766.04 21,889.76 -16,876.28 Computer Software 10,810.92 3,690.13 -7,120.79 79,449.48 44,283.21 -35,166.27 Dues and Subscriptions 1,993.56 1.84 -1,991.72 14,408.57 22.08 -14,386.49 Rent Expense 7,039.51 5,004.26 -2,035.25 85,183.90 60,051.12 -25,132.78 TOTAL NON-CAM ADMIN EXPENSE 38,931.22 19,483.88 -19,447.34 377,433.18 225,038.21 -152,394.97 NON-CAM BUILDING EXPENSE Makeready Repairs 0.00 87.11 87.11 -992.71 1,045.32 2,038.03 Makeready Cleaning 0.00 137.06 137.06 2,897.86 1,644.72 -1,253.14 Makeready Expense 1,299.00 18.12 -1,280.88 4,941.36 217.44 -4,723.92 Locksmith Services 372.94 672.64 299.70 20,021.73 7,946.68 -12,075.05 Maintenance Vehicle 0.00 720.09 720.09 0.00 8,391.08 8,391.08 Vacancy Cleaning Non-Cam 731.78 112.59 -619.19 2,117.44 1,351.08 -766.36 HVAC Repairs Non-Cam 0.00 3,072.99 3,072.99 14,942.97 36,875.88 21,932.91 Plumbing Repair Non-Cam 1,960.47 0.00 -1,960.47 27,895.21 0.00 -27,895.21 TOTAL NON-CAM BUILDING EXPENSE 4,364.19 4,820.60 456.41 71,823.86 57,472.20 -14,351.66 NON-CAM UTILITIES Vacancy Electricity Non-Cam 7,480.80 2,076.56 -5,404.24 63,535.92 24,918.72 -38,617.20 Vacancy Gas Non-Cam 1,574.56 1,224.26 -350.30 15,857.06 14,691.12 -1,165.94 TOTAL NON-CAM UTILITIES 9,055.36 3,300.82 -5,754.54 79,392.98 39,609.84 -39,783.14 TOTAL NON-REIMBURSABLE EXPENSES 52,350.77 27,605.30 -24,745.47 528,650.02 322,120.25 -206,529.77 TOTAL OPERATING EXPENSES 1,800,661.20 1,853,377.72 52,716.52 5,138,404.51 4,860,243.32 -278,161.19 NET OPERATING INCOME -735,747.34 -761,776.13 26,028.79 6,190,548.24 7,097,784.78 -907,236.54 OWNER EXPENSES Franchise Tax 0.00 0.00 0.00 192,004.90 22,740.36 -169,264.54 Asset Management Fee 10,210.70 8,044.80 -2,165.90 108,211.96 92,484.77 -15,727.19 Legal Fees 0.00 5,156.60 5,156.60 66,584.58 61,879.20 -4,705.38 Accounting 3,349.45 1,866.65 -1,482.80 61,444.13 22,399.80 -39,044.33 Consulting Fees 41,256.88 12,449.83 -28,807.05 261,755.07 149,397.96 -112,357.11 Meals 678.83 159.65 -519.18 3,050.45 1,915.80 -1,134.65 K.F. Overhead 3,610.00 2,957.44 -652.56 61,798.38 35,489.28 -26,309.10 K.F. Trip 0.00 4,905.07 4,905.07 0.00 58,860.84 58,860.84 16

MTD Actual MTD Budget Variance PTD Actual PTD Budget Variance Budget Comparison (with PTD) Period = Jan 2022-Dec 2022 TOTAL OWNER EXPENSES 59,105.86 35,540.04 -23,565.82 754,849.47 445,168.01 -309,681.46 DEBT EXPENSE Interest Expense 184,200.49 162,937.34 -21,263.15 1,887,684.04 1,881,131.35 -6,552.69 TOTAL DEBT EXPENSE 184,200.49 162,937.34 -21,263.15 1,887,684.04 1,881,131.35 -6,552.69 NET INCOME BEFORE AMORT AND DEPR EXPENSE -979,053.69 -960,253.51 -18,800.18 3,548,014.73 4,771,485.42 -1,223,470.69 NET INCOME -979,053.69 -960,253.51 -18,800.18 3,548,014.73 4,771,485.42 -1,223,470.69 17

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

ACCOUNTS RECEIVABLE AGING REPORT

OWNER’S REPORT

Aged Receivable Report

Property Current 0-30 31-60 61-90 Over Pre- Total Owed Owed Owed Owed 90 Owed Payments Owed 027 -Alpha Plaza 15,634.01 123.66 0.00 0.00 15,510.35 -22,450.80 -6,816.79 030 -Midway Center 9,769.68 4,810.02 2,606.26 0.00 2,353.40 -29,932.88 -20,163.20 035 -Campbell 1 0.00 0.00 0.00 0.00 0.00 -57,706.20 -57,706.20 037 -Placid -3,999.99 -4,000.00 0.00 0.00 0.01 -17,297.46 -21,297.45 044 -Research Center 0.00 0.00 0.00 0.00 0.00 -75,726.62 -75,726.62 046 -Valley View Commerce Center 0.00 0.00 0.00 0.00 0.00 -25,313.20 -25,313.20 049 -Alpha Business Center 0.00 0.00 0.00 0.00 0.00 -23,947.24 -23,947.24 050 -Skyway Circle 32,759.87 32,759.87 0.00 0.00 0.00 -9,756.46 23,003.41 052 -Jupiter Center South 0.00 0.00 0.00 0.00 0.00 -9,411.60 -9,411.60 053 -Waters Ridge Tech 2 0.00 0.00 0.00 0.00 0.00 -22,320.61 -22,320.61 054 -Waters Ridge Tech 3 0.00 0.00 0.00 0.00 0.00 -23,854.58 -23,854.58 055 -Tollway 1,162.67 1,162.67 0.00 0.00 0.00 -17,548.96 -16,386.29 Grand Total 55,326.24 34,856.22 2,606.26 0.00 17,863.76 -335,266.61 -279,940.37

As of 12/31/2022

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

GENERAL LEDGER

OWNER’S REPORT

Capital

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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 21

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

BANK

RECONCILIATION

OWNER’S REPORT

Bank Reconciliation Report

Cleared Items: Cleared Checks Date Tran # Notes Amount Date Cleared 10/26/2022 3676 dal03 - The Dallas Foundation 1,642.19 12/31/2022 10/26/2022 3680 dal03 - The Dallas Foundation 4,379.12 12/31/2022 11/2/2022 3709 t0000233 - Gowns of Grace LLC 8,750.02 12/31/2022 11/16/2022 3728 dal03 - The Dallas Foundation 4,379.12 12/31/2022 11/28/2022 3740 alp02 - Alpha Glass and Mirror Co. Inc. 497.95 12/31/2022 11/28/2022 3741 ame03 - American Fire Protection Group, Inc. 425.96 12/31/2022 11/28/2022 3742 bra01 - Bradford Realty Services of Dallas Inc. 21,555.02 12/31/2022 11/28/2022 3743 cal01 - Calhoun Bhella & Sechrest LLP 2,425.50 12/31/2022 11/28/2022 3744 car05 - Carter Pest Control LLC 3,258.32 12/31/2022 11/28/2022 3745 cdc01 - C & D Commercial Services, Inc. 822.70 12/31/2022 11/28/2022 3746 cit02 - City of Richardson 2,485.98 12/31/2022 11/28/2022 3747 far02 - City of Farmers Branch 1,478.67 12/31/2022 11/28/2022 3748 fre01 - Freepoint Energy Solutions LLC 2,566.26 12/31/2022 11/28/2022 3749 hig01 - HighTech Signs DFW 1,855.15 12/31/2022 11/28/2022 3750 hsc01 - Hopson Services Company, Inc. 368.05 12/31/2022 11/28/2022 3751 lee01 - DFW Lee & Associates, LLC 2,502.71 12/31/2022 11/28/2022 3752 mas02 - Massey Services, Inc. 75.78 12/31/2022 11/28/2022 3753 mat01 - Matrix Construction Services 998.75 12/31/2022 11/28/2022 3754 mun01 - Munsch Hardt Kopf & Harr, P.C. 2,075.00 12/31/2022 11/28/2022 3755 sps01 - SPSD, Inc. 51,523.19 12/31/2022 11/28/2022 3756 tid01 - Tidy Aire, Inc. 54.13 12/31/2022 11/28/2022 3757 ure01 - Uretek ICR North Texas 21,162.88 12/31/2022 11/28/2022 3758 v0000002 - Hudson Energy Services, LLC 579.92 12/31/2022 11/28/2022 3759 v0000028 - Cresa Global, Inc 10,011.14 12/31/2022 11/28/2022 3760 v0000048 - Mitec 329.00 12/31/2022 11/28/2022 3761 v0000064 - WildCat Garage Door, Inc. 519.60 12/31/2022 11/28/2022 3762 v0000094 - Cushman & Wakefield 4,735.70 12/31/2022 11/28/2022 3763 vic01 - Victory Lighting & Electrical Services, LLC 936.48 12/31/2022 Balance Per Bank Statement as of 12/31/2022 653,266.87 Plus: Outstanding Deposits 6,097.98 Less: Outstanding Checks 84,551.27 Reconciled Bank Balance 574,813.58 Balance per GL as of 12/31/2022 574,813.58 Reconciled Balance Per G/L 574,813.58 Difference 0.00 742535161 KPH - Operating 1/30/2023

12/31/2022 Posted by: sdobbs on 1/3/2023 23

KPH - Operating

Bank Reconciliation Report

Cleared Checks Date Tran # Notes Amount Date Cleared 11/29/2022 3765 car05 - Carter Pest Control LLC 600.79 12/31/2022 12/1/2022 3766 v0000027 - Dupons Consulting LLC 10,000.00 12/31/2022 12/1/2022 22338612012022 nor03 - NorthMarq Capital 15,959.31 12/31/2022 12/1/2022 22382012012022 nor03 - NorthMarq Capital 17,608.99 12/31/2022 12/1/2022 22382212012022 nor03 - NorthMarq Capital 24,421.23 12/31/2022 12/1/2022 22400312012022 lin01 - Lincoln Financial 54,454.16 12/31/2022 12/1/2022 22425012012022 nor03 - NorthMarq Capital 30,045.56 12/31/2022 12/1/2022 22427212012022 nor03 - NorthMarq Capital 18,705.23 12/31/2022 12/1/2022 22431412012022 nor03 - NorthMarq Capital 24,763.82 12/31/2022 12/2/2022 3767 v0000119 - Mountain West Series of Lockton Companies, LLC 5,393.15 12/31/2022 12/7/2022 3768 ken30 - 52 Management, LP 158,072.68 12/31/2022 12/8/2022 3769 ken30 - 52 Management, LP 30,997.88 12/31/2022 12/14/2022 3771 ken26 - Craig Kennington CCC Trust 37,007.14 12/31/2022 12/14/2022 3772 ken27 - Clark Kennington CCC Trust 40,000.00 12/31/2022 12/14/2022 3773 ken28 - Clayton Kennington CCC Trust 40,000.00 12/31/2022 12/14/2022 3774 ken30 - 52 Management, LP 2,992.86 12/31/2022 12/14/2022 3775 ken30 - 52 Management, LP 66,917.83 12/31/2022 12/15/2022 3777 ken26 - Craig Kennington CCC Trust 643,194.76 12/31/2022 12/15/2022 3778 ken27 - Clark Kennington CCC Trust 643,194.76 12/31/2022 12/15/2022 3779 ken28 - Clayton Kennington CCC Trust 643,194.76 12/31/2022 12/15/2022 3780 ali01 - A Litter Help, LLC 5,856.60 12/31/2022 12/15/2022 3782 cdc01 - C & D Commercial Services, Inc. 1,905.20 12/31/2022 12/15/2022 3783 dig01 - Digi Security Solutions 372.94 12/31/2022 12/15/2022 3784 far02 - City of Farmers Branch 8,461.43 12/31/2022 12/15/2022 3786 fre01 - Freepoint Energy Solutions LLC 4,401.81 12/31/2022 12/15/2022 3787 gua01 - Guard Texas 518.30 12/31/2022 12/15/2022 3788 int02 - Interprise/Southwest Interior & Space Design, Inc. 1,102.75 12/31/2022 12/15/2022 3789 lon01 - Lonestar General Contracting 16,300.00 12/31/2022 12/15/2022 3790 mun01 - Munsch Hardt Kopf & Harr, P.C. 6,500.00 12/31/2022 12/15/2022 3791 pla01 - City of Plano 9,600.65 12/31/2022 12/15/2022 3792 pre03 - Preston Pierce Construction Co. 1,745.98 12/31/2022 12/15/2022 3793 sps01 - SPSD, Inc. 47,494.20 12/31/2022 12/15/2022 3794 t0000088 - DanCar Industrial Group, Inc. 7,900.00 12/31/2022 12/15/2022 3795 tid01 - Tidy Aire, Inc. 54.13 12/31/2022 12/15/2022 3796 v0000002 - Hudson Energy Services, LLC 944.21 12/31/2022 12/15/2022 3797 v0000013 - City of Lewisville 3,039.74 12/31/2022 12/15/2022 3798 v0000048 - Mitec 329.00 12/31/2022 12/15/2022 3800 v0000099 - Round Table Construction 24,917.88 12/31/2022 12/15/2022 3801 v0000120 - Next-Gen Construction 10,344.58 12/31/2022 12/15/2022 3802 vic01 - Victory Lighting & Electrical Services, LLC 2,480.74 12/31/2022 12/15/2022 3803 v0000043 - Kennington Tollway, LLC 160,000.00 12/31/2022 12/16/2022 3804 v0000126 - Forms and Surfaces, Inc. 12,331.30 12/31/2022 12/19/2022 3805 fre01 - Freepoint Energy Solutions LLC 1,582.10 12/31/2022 12/20/2022 3806 atm01 - Atmos Energy 1,429.75 12/31/2022 12/20/2022 3808 cit04 - City of Irving 1,770.03 12/31/2022 12/20/2022 3809 den01 - Denton & Associates 760.00 12/31/2022 12/20/2022 3810 mas02 - Massey Services, Inc. 75.78 12/31/2022 12/20/2022 3811 rep02 - Republic Services #794 10,164.31 12/31/2022 12/20/2022 3812 sps01 - SPSD, Inc. 305.07 12/31/2022 12/20/2022 3813 vic01 - Victory Lighting & Electrical Services, LLC 529.85 12/31/2022 742535161

1/30/2023

12/31/2022 Posted by: sdobbs on 1/3/2023 24

KPH - Operating

Bank Reconciliation Report

Cleared Checks Date Tran # Notes Amount Date Cleared 12/20/2022 3814 v0000043 - Kennington Tollway, LLC 118,000.00 12/31/2022 12/21/2022 3816 van01 - Vantage Bank Texas 21,808.58 12/31/2022 12/21/2022 3817 t0000233 - Gowns of Grace LLC 34,719.98 12/31/2022 12/21/2022 3834 att04 - AT&T 1,425.42 12/31/2022 12/21/2022 3835 att04 - AT&T 298.73 12/31/2022 12/22/2022 3818 ali01 - A Litter Help, LLC 764.26 12/31/2022 12/22/2022 3819 atm01 - Atmos Energy 73.03 12/31/2022 12/22/2022 3821 cit02 - City of Richardson 1,305.67 12/31/2022 12/22/2022 3822 far02 - City of Farmers Branch 4,790.58 12/31/2022 12/22/2022 3824 v0000002 - Hudson Energy Services, LLC 231.78 12/31/2022 12/22/2022 3826 ken30 - 52 Management, LP 33,108.30 12/31/2022 12/23/2022 3827 joh01 - John R. Ames CTA 346,455.10 12/31/2022 12/27/2022 3828 car02 - Carrollton-Farmers Branch I.S.D. 99,327.38 12/31/2022 12/28/2022 3829 irv01 - Irving Independent School District Tax Office 7,904.09 12/31/2022 12/28/2022 3830 mau01 - Kenneth L. Maun 635,948.17 12/31/2022 12/28/2022 3831 v0000127 - Michelle French 273,260.73 12/31/2022 12/29/2022 3832 ali01 - A Litter Help, LLC 5,092.34 12/31/2022 Total Cleared Checks 4,587,651.67 Cleared Deposits Date Tran # Notes Amount Date Cleared 11/28/2022 806 :CC Deposit 1,400.00 12/31/2022 11/30/2022 808 :ACH Deposit 63,176.58 12/31/2022 12/1/2022 809 :ACH Deposit 16,014.82 12/31/2022 12/1/2022 810 :ACH Deposit 15,799.20 12/31/2022 12/1/2022 811 :ACH Deposit 11,193.00 12/31/2022 12/1/2022 812 :ACH Deposit 18,555.77 12/31/2022 12/1/2022 813 :ACH Deposit 9,454.26 12/31/2022 12/1/2022 814 :ACH Deposit 5,473.97 12/31/2022 12/1/2022 815 :ACH Deposit 6,799.80 12/31/2022 12/1/2022 816 :ACH Deposit 11,441.80 12/31/2022 12/1/2022 817 :ACH Deposit 76,041.06 12/31/2022 12/1/2022 818 :CC Deposit 975.00 12/31/2022 12/1/2022 2197 30,862.52 12/31/2022 12/1/2022 2198 19,471.14 12/31/2022 12/1/2022 2199 17,716.02 12/31/2022 12/1/2022 2200 13,609.00 12/31/2022 12/1/2022 2201 9,664.82 12/31/2022 12/2/2022 819 :ACH Deposit 38,063.73 12/31/2022 12/2/2022 820 :ACH Deposit 45,868.87 12/31/2022 12/2/2022 821 :CC Deposit 2,294.76 12/31/2022 12/2/2022 2202 11,191.96 12/31/2022 12/2/2022 2203 4,547.00 12/31/2022 12/2/2022 2204 14,785.10 12/31/2022 12/3/2022 822 :ACH Deposit 4,007.13 12/31/2022 12/4/2022 823 :ACH Deposit 29,546.14 12/31/2022 12/4/2022 824 :ACH Deposit 3,639.96 12/31/2022 12/4/2022 825 :ACH Deposit 5,913.65 12/31/2022 12/5/2022 826 :ACH Deposit 5,618.86 12/31/2022 12/5/2022 2205 6,808.67 12/31/2022 12/5/2022 2206 11,581.00 12/31/2022 742535161

1/30/2023

12/31/2022 Posted by: sdobbs on 1/3/2023 25

KPH - Operating

Bank Reconciliation Report

Date Tran # Notes Amount Date Cleared 12/5/2022 2207 84,419.18 12/31/2022 12/6/2022 827 :ACH Deposit 31,193.81 12/31/2022 12/6/2022 828 :CC Deposit 2,332.50 12/31/2022 12/7/2022 2208 38,462.47 12/31/2022 12/9/2022 829 :ACH Deposit 2,000.00 12/31/2022 12/9/2022 2209 3,444.28 12/31/2022 12/9/2022 2210 14,867.77 12/31/2022 12/9/2022 2212 9,683.04 12/31/2022 12/10/2022 830 :ACH Deposit 3,937.97 12/31/2022 12/11/2022 831 :ACH Deposit 4,040.53 12/31/2022 12/12/2022 2211 9,142.58 12/31/2022 12/13/2022 2213 9,904.00 12/31/2022 12/13/2022 2214 38,855.99 12/31/2022 12/19/2022 832 :ACH Deposit 2,534.00 12/31/2022 12/19/2022 2215 17,001.16 12/31/2022 12/20/2022 2216 3,981.83 12/31/2022 12/21/2022 833 :CC Deposit 900.00 12/31/2022 12/21/2022 2217 8,270.00 12/31/2022 12/23/2022 2218 15,409.43 12/31/2022 12/27/2022 834 :ACH Deposit 14,009.25 12/31/2022 12/27/2022 2219 28,250.45 12/31/2022 12/27/2022 2220 42,836.34 12/31/2022 12/28/2022 835 :ACH Deposit 13,675.50 12/31/2022 12/28/2022 2221 8,445.58 12/31/2022 12/29/2022 837 :ACH Deposit 7,176.50 12/31/2022 12/29/2022 838 :ACH Deposit 17,616.44 12/31/2022 12/30/2022 2222 38,855.99 12/31/2022 12/30/2022 2223 17,482.81 12/31/2022 12/30/2022 2224 9,664.82 12/31/2022 12/30/2022 2225 877.83 12/31/2022 12/30/2022 2226 30,657.06 12/31/2022 12/30/2022 2227 9,411.60 12/31/2022 Total Cleared Deposits 1,050,856.30 Cleared Other Items Date Tran # Notes Amount Date Cleared 12/1/2022 JE 7480 12/22 Loan Pmt -49,311.54 12/31/2022 12/7/2022 JE 7479 Refund Chandler Signs 500.00 12/31/2022 12/15/2022 JE 7508 Refunds 3,914.72 12/31/2022 12/27/2022 JE 7537 12/22 Interest Exp Line of Cr -1,211.34 12/31/2022 12/27/2022 JE 7538 12/22 Proc. Fee for Online -Tax Pmt -15.00 12/31/2022 12/28/2022 JE 7541 12/22 Proc. Fee for Online -Tax Pmt -6.00 12/31/2022 Total Cleared Other Items -46,129.16 742535161

Cleared Deposits

1/30/2023

12/31/2022 Posted by: sdobbs on 1/3/2023 26

Bank Reconciliation Report

Cleared Items: Cleared Checks Date Tran # Notes Amount Date Cleared 11/11/2022 207 v0000018 - Rhino Removal 528.96 12/31/2022 11/28/2022 213 alp02 - Alpha Glass and Mirror Co. Inc. 499.03 12/31/2022 11/28/2022 214 cal01 - Calhoun Bhella & Sechrest LLP 2,277.00 12/31/2022 11/28/2022 215 cit01 - City Wide Building Services LLC 2,598.00 12/31/2022 11/28/2022 216 int03 - Integrity Lighting LLC 138.60 12/31/2022 11/28/2022 217 v0000019 - Bagby Elevator Company, Inc. 155.83 12/31/2022 11/28/2022 218 v0000020 - Simpson Landscape Maintenance, Inc. 847.76 12/31/2022 12/7/2022 219 ken30 - 52 Management, LP 18,206.48 12/31/2022 12/8/2022 220 ken30 - 52 Management, LP 1,705.35 12/31/2022 12/13/2022 221 t0004821 - Charles A. Wallace, M.D. 9,244.93 12/31/2022 12/14/2022 222 ken30 - 52 Management, LP 8,556.50 12/31/2022 12/15/2022 223 acm01 - Acme Commercial Services 15,191.74 12/31/2022 12/15/2022 224 ali01 - A Litter Help, LLC 270.63 12/31/2022 12/15/2022 225 alp02 - Alpha Glass and Mirror Co. Inc. 5,511.92 12/31/2022 12/15/2022 228 lon01 - Lone Star General Contracting 47,348.00 12/31/2022 12/15/2022 229 mun01 - Munsch Hardt Kopf & Harr, P.C. 12,146.00 12/31/2022 12/15/2022 230 ufc01 - United Furniture Consultants 617.03 12/31/2022 12/15/2022 231 v0000018 - Rhino Removal 528.96 12/31/2022 12/15/2022 233 v0000029 - Expert Services, LLC 53,626.63 12/31/2022 12/15/2022 234 v0000075 - Gexa Energy 5,466.90 12/31/2022 12/15/2022 235 v0000097 - LSGC Electric 3,388.23 12/31/2022 12/15/2022 236 v0000108 - GTP Consulting, LLC 18,770.00 12/31/2022 Balance Per Bank Statement as of 12/31/2022 35,435.48 Outstanding Checks Check Date Check Number Payee Amount 12/15/2022 226 car05 - Carter Pest Control LLC 189.44 12/15/2022 227 hol02 - Holt Lunsford Commercial 3,455.39 12/15/2022 232 v0000020 - Simpson Landscape Maintenance, Inc. 18,784.69 12/20/2022 240 sch01 - Schmidt & Stacy Consulting Engineers 3,180.00 12/21/2022 244 t0004823 - FC Lending, LTD 1,003.00 12/22/2022 246 v0000031 - City of Dallas 480.55 12/22/2022 247 v0000075 - Gexa Energy 5,217.59 12/22/2022 248 v0000130 - Evergreen Landscaping 349.50 Less: Outstanding Checks 32,660.16 Reconciled Bank Balance 2,775.32 Balance per GL as of 12/31/2022 2,775.32 Reconciled Balance Per G/L 2,775.32 Difference (Reconciled Bank Balance And Reconciled Balance Per G/L) 0.00 1201445606 Tollway-Operating 1/3/2023

12/31/2022 Posted by: sdobbs on 1/3/2023 27

Bank Reconciliation Report

Cleared Checks Date Tran # Notes Amount Date Cleared 12/15/2022 237 vic01 - Victory Lighting & Electrical Services, LLC 21.65 12/31/2022 12/20/2022 238 atm01 - Atmos Energy 71.78 12/31/2022 12/20/2022 239 mat01 - Matrix Construction Services 1,960.47 12/31/2022 12/20/2022 241 tid01 - Tidy Aire, Inc. 60.62 12/31/2022 12/20/2022 242 v0000019 - Bagby Elevator Company, Inc. 155.83 12/31/2022 12/20/2022 243 v0000031 - City of Dallas 894.01 12/31/2022 12/22/2022 245 ali01 - A Litter Help, LLC 270.63 12/31/2022 12/22/2022 249 ken30 - 52 Management, LP 1,821.45 12/31/2022 12/28/2022 250 joh01 - John R. Ames CTA 117,987.86 12/31/2022 Total Cleared Checks 330,868.78 Cleared Deposits Date Tran # Notes Amount Date Cleared 5/25/2022 52 43,665.29 12/31/2022 12/1/2022 21 :ACH Deposit 7,846.17 12/31/2022 12/2/2022 49 4,799.00 12/31/2022 12/4/2022 22 :ACH Deposit 4,544.17 12/31/2022 12/5/2022 23 :ACH Deposit 16,066.13 12/31/2022 12/5/2022 50 11,051.90 12/31/2022 12/8/2022 51 17,867.27 12/31/2022 12/13/2022 24 :ACH Deposit 9,940.30 12/31/2022 12/20/2022 25 :ACH Deposit 358.58 12/31/2022 12/27/2022 26 :ACH Deposit 4,544.17 12/31/2022 12/27/2022 53 5,229.75 12/31/2022 12/29/2022 54 3,605.75 12/31/2022 Total Cleared Deposits 129,518.48 Cleared Other Items Date Tran # Notes Amount Date Cleared 5/25/2022 JE 7531 Security Deposit -43,665.29 12/31/2022 12/5/2022 JE 7478 12/22 Loan Pmt -15,239.58 12/31/2022 12/19/2022 JE 7519 12/19/22 Trnsfr 160,000.00 12/31/2022 12/21/2022 JE 7530 12.21.22 Transfer 118,000.00 12/31/2022 12/30/2022 JE 7550 12/22 Bank Fee -81.76 12/31/2022 Total Cleared Other Items 219,013.37 1201445606

1/3/2023

Tollway-Operating

12/31/2022 Posted by: sdobbs on 1/3/2023 28

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

RENT ROLL

OWNER’S REPORT

RENT ROLL

JANUARY 2023

KENNINGTON PROPERTY HOLDINGS

# 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 15,886 84% 37 Placid 66,473 7,193 89% 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 7,954 86% PORTFOLIO 893,266 67,109 92.5%

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

MANAGEMENT FEE CALCULATION

OWNER’S REPORT

Management Fee Register Summary

Property = KPH Management Fees (.kphfees)

As Of Month= 12/2022 to 12/2022

Net Billing Management As Of Tran Post Property Amount Rate Fee Month Date Month 027 -Alpha Plaza 85,855.69 4.000000 3,434.23 12-2022 01/01/2023 01-2023 030 -Midway Center 52,753.91 4.000000 2,110.16 12-2022 01/01/2023 01-2023 035 -Campbell 1 98,139.20 4.000000 3,925.57 12-2022 01/01/2023 01-2023 037 -Placid 66,386.35 4.000000 2,655.45 12-2022 01/01/2023 01-2023 044 -Research Center 186,349.59 4.000000 7,453.98 12-2022 01/01/2023 01-2023 046 -Valley View Commerce Center 63,756.66 4.000000 2,550.27 12-2022 01/01/2023 01-2023 049 -Alpha Business Center 71,873.01 4.000000 2,874.92 12-2022 01/01/2023 01-2023 050 -Skyway Circle 20,948.42 4.000000 837.94 12-2022 01/01/2023 01-2023 051 -Jupiter Center North 38,063.73 4.000000 1,522.55 12-2022 01/01/2023 01-2023 052 -Jupiter Center South 101,100.35 4.000000 4,044.01 12-2022 01/01/2023 01-2023 053 -Waters Ridge Tech 2 53,236.05 4.000000 2,129.44 12-2022 01/01/2023 01-2023 054 -Waters Ridge Tech 3 92,474.57 4.000000 3,698.98 12-2022 01/01/2023 01-2023 055 -Tollway 62,546.37 4.000000 2,501.86 12-2022 01/01/2023 01-2023

ASSET MANAGEMENT REPORTS

OWNER’S REPORT

ASSET MANAGEMENT REPORTS

KPH CASH FLOW SUMMARY

HANDOUT

SEE

KPH Cash Flow Projections Summary

* Includes refinance activity to date and projected refinance of Valley View by 12/31/2023.

** Excludes 1031 funds remaining, if any.

As of: 2/1/2023 ACTUAL 2021 ACTUAL 2022 2023 Forecast Net Operating Income from Properties $ 6,181,836 $ 8,100,407 Debt Service / Lender Fees 3,290,394 3,638,129 Net Cash Flow after Debt Service 2,891,442 4,462,278 Capital Leasing-Related Capital 1,989,716 1,911,128 Building Capital 2,746,043 500,000 Total Capital 4,735,759 2,411,128 Less: Lender Proceeds for Capital & 1031 Escrow 0 (641,670) Net Cash Required for Capital 4,735,759 1,769,458 Net Cash Flow after Capital (1,844,317)2,692,820 Non-Reimbursable R & M (15,911) 0 Construction & Leasing Admin (7,224) 0 Accounting, Marketing & General Admin (134,422) (112,498) Consulting Fees (281,223) (273,100) KFOC Expenses (66,511) (120,100) Asset Mgmt Fees (117,269) (125,831) Reinvestment of Portfolio Income in Portfolio (103,302) 0 Legal & Professional (139,829) (42,000) Other - Cash Adjustments (193,658) 0 Net Cash Flow from Operations $ (2,903,666) $ 2,019,291 Income from Investments (Cash) $ - $Line of Credit Proceeds / (Paydown) (14,253,410)Refinancing Proceeds and Loan Fees* 7,824,889 1,350,000 Escrowed Funds 419,610Proceeds from Marketable Securities (Cash) 14,598,672Acquisitions (8,408,430)Cash Deposits In/(Out) 381,814Other Adjustments 387,199Cash Invested (5) 4,340,836Distributions & Other (8,435,745) (1,492,548) Net Cash Flow KPH $ (6,048,231) $ 1,876,743 Ending Cash Balance 6,625,820 $ $ 577,589 $ 2,454,331 Working Capital: (500,000) $ (500,000) $ Cash Available for Distributions / Future Investments / Capital** 6,625,820 $ 77,589 $ 1,954,331 $

ASSET MANAGEMENT REPORTS

CASH FLOW PROJECTIONS SUMMARY

SEE HANDOUT

CASH BASIS 2023 DRAFT

KPH PORTFOLIO - CASH FLOW PROJECTION

Property / Item ProjectedProjectedProjectedProjectedProjectedProjectedProjected Jan-23Feb-23Mar-23 Apr-23 May-23 Jun-23 Jul-23 27 Alpha Plaza 68,86476,69476,694 67,13972,68177,37972,697 30Midway Center 47,53847,53849,751 50,30750,14250,32353,401 35Campbell I 83,63083,76084,003 84,00384,10784,50786,179 37Placid 54,13954,13954,139 54,13954,13954,13954,139 44Kennington Research 148,657149,032149,032 151,587151,587151,688152,942 46Valley View and Valley View Land 40,399 40,65545,186 45,18645,24145,24145,114 49Alpha Business Center 59,01666,31566,315 59,65966,90266,90259,833 50Skyway 45,24845,44345,443 45,44345,44345,44345,632 51Jupiter Center North 28,68628,68628,686 28,68628,68628,68628,686 52Jupiter Center South 83,47483,47483,474 83,47483,47483,66183,661 53Waters Ridge Tech II 45,52345,52345,523 45,52345,52345,52345,523 54Waters Ridge Tech III 78,41878,41878,418 78,41878,41878,41879,046 55North Dallas Tollway 48,52348,52347,880 47,88047,88046,36546,936 Non-Reimbursable Expenses(36,716)(36,716)(36,716)(36,716)(36,716)(36,716)(36,716) NOI Actual / Argus before D/S (1) (2)795,399811,485817,828804,729817,507821,559817,073 Debt Service Interest Expense187,998187,745187,745187,380187,015186,781186,581 Amortization of Principal 88,609110,805111,180111,556111,934112,686113,064 Lender Proceeds / Financing Fees 0 Return of Lender Deposit Total Financing Transactions 276,607298,550298,925298,936298,949299,467299,645 518,792512,935518,903505,793518,558522,092517,428 CAPITAL - (see detail) Tenant Improvements & Whitebox61,539 072,660235,951 0 0109,469 Leasing Commissions 4,544 0 7,085 8,611 016,27841,382 Building Capital 0 0250,000250,000 0 0 0 Total Capital 66,083 0329,745494,562 016,278150,851 Less: Lender Funded / Facilities 0000(494,562) 0 0 Total Leasing, Building Capital 66,083 0329,745494,562(494,562)16,278150,851 Net Cash Flow after Capital and D/452,709512,935189,15811,2301,013,120505,814366,577 Overhead and Administrative Rental Income - Prepaid Rents - - - - - -Non-Reimbursable R & M - - - - -Construction & Leasing Admin - - - - -Accounting, Marketing & General Ad (9,375) (9,375) (9,375) (9,375) (9,375) (9,375) (9,375) Consulting Fees(22,758) (22,758) (22,758) (22,758) (22,758) (22,758) (22,758) KFOC Expenses(10,008) (10,008) (10,008) (10,008) (10,008) (10,008) (10,008) Asset Mgmt Fees (10,486) (10,486) (10,486) (10,486) (10,486) (10,486) (10,486) Portfolio Income & Interest Income - - - - - -Reinvestment of Portfolio Income in Portfolio Legal & Professional (3,500) (3,500) (3,500) (3,500) (3,500) (3,500) (3,500) Other - - - - - -Net Cash Flow from Administrative (56,127)(56,127)(56,127)(56,127)(56,127)(56,127)(56,127) Net Cash Flow after Overhead 396,582456,808133,031(44,897)956,993449,687310,449 Cash Flow Adjustments Add: RE Taxes accrual / (Payment) 0000000 Add: Insurance accrual / (Payment) 0000000 0000000 Less: Non cash income0000000 Other Adjustments0000000 Total Cash Flow Adjustments0000000 Actual Cash Flow 396,582456,808133,031(44,897)956,993449,687310,449 Operating Account - Beginning Balance 577,589 849,791 1,182,220 1,190,872 1,021,596 1,854,210 2,179,517 Actual Cash Flow for the Month 396,582456,808133,031(44,897)956,993449,687310,449 Line of Credit Proceeds / Paydown 0000000 Loan Proceeds / Paydown (4)000000 Escrowed Funds 00 Proceeds from Marketable Securities (Cash)000 Acquistions 0 Sales Proceeds 0 Capital Contributions 0000000 Cash Invested (5) 00 Other Adjustments / Gain on Sale (6 0000 00 Distributions (124,379)(124,379)(124,379)(124,379)(124,379)(124,379)(124,379) Operating - Ending Balance 849,7911,182,2201,190,8721,021,5961,854,2102,179,5172,365,587 Add Cumulative Inv. Account C1,721,1121,721,1121,721,1121,721,1121,721,1121,721,1121,721,112 Total Cash Available for Operations 2,570,9042,903,3322,911,9842,742,7083,575,3223,900,6294,086,700 Investment Accounts Recap: Beg 2,445,483 2,445,483 2,445,483 2,445,483 2,445,483 2,445,483 2,445,483 Ending Balance (8) 2,445,4832,445,4832,445,4832,445,4832,445,4832,445,4832,445,483 Line of Credit - Monthly Balance 300,000300,000300,000300,000300,000300,000300,000 (1) NOI based on Argus for Projections / Actual based on Yardi cash flow statements. (1) NOI based on Argus for (2)Properpty taxes are on cash basis to be paid in December. (2)Properpty taxes are on c (3)Beg. Cash includes Operating Account but excludes Savings Account of $329,621 and excludes the investment accounts. (3)Beg. Cash includes Ope (4)Includes fees for closings and proceeds from projected refinancing of CCC and Alpha Plaza in 2022. (4)Includes fees for closing (5) Cash drawn from 1031 account for North Dallas Tollway acquisition in 2022. (5) Cash drawn from 1031 a (6)Estimate / Adjustment and intercompany items. (6)Estimate / Adjustment a (7) Ties to Balance Sheet and excludes investment cash and savings account, escrow balances and 1031 Exchange. (7) Ties to Balance Sheet an (8)Based on Balance Sheet (8)Based on Balance Sheet NOI after Debt Service 37

Property / Item 27 Alpha Plaza 30Midway Center 35Campbell I 37Placid 44Kennington Research 46Valley View and Valley View Land 49Alpha Business Center 50Skyway 51Jupiter Center North 52Jupiter Center South 53Waters Ridge Tech II 54Waters Ridge Tech III 55North Dallas Tollway Non-Reimbursable Expenses NOI Actual / Argus before D/S (1) (2) Debt Service Interest Expense Amortization of Principal Lender Proceeds / Financing Fees Return of Lender Deposit Total Financing Transactions CAPITAL - (see detail) Tenant Improvements & Whitebox Leasing Commissions Building Capital Total Capital Less: Lender Funded / Facilities Total Leasing, Building Capital Net Cash Flow after Capital and D/ Overhead and Administrative Rental Income - Prepaid Rents Non-Reimbursable R & M Construction & Leasing Admin Accounting, Marketing & General Ad Consulting Fees KFOC Expenses Asset Mgmt Fees Portfolio Income & Interest Income Reinvestment of Portfolio Income in Legal & Professional Other Net Cash Flow from Administrative Net Cash Flow after Overhead Cash Flow Adjustments Add: RE Taxes accrual / (Payment) Add: Insurance accrual / (Payment) Less: Non cash income Other Adjustments Total Cash Flow Adjustments Actual Cash Flow Operating Account - Beginning Balance Actual Cash Flow for the Month Line of Credit Proceeds / Paydown Loan Proceeds / Paydown (4) Escrowed Funds Proceeds from Marketable Securities Acquistions Sales Proceeds Capital Contributions Cash Invested (5) Other Adjustments / Gain on Sale (6 Distributions Operating - Ending Balance Add Cumulative Inv. Account C Total Cash Available for Operations Investment Accounts Recap: Beg Ending Balance (8) Line of Credit - Monthly Balance NOI after Debt Service ProjectedProjectedProjectedProjected Report As of:2/1/2023 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Total 78,30985,26591,69986,168(28,450) 825,138 53,70553,70553,79954,486(6,284) 558,409 86,17994,05494,054104,286(34,523) 934,238 54,39163,15263,37263,372(68,944) 554,319 152,942153,247153,247157,713(173,715) 1,497,961 45,11445,11445,11445,114(97,887) 389,592 66,90267,09567,17560,106(114,579) 591,641 45,63245,63245,63245,992(61,794) 439,190 28,68628,68628,68628,686(45,450) 270,090 83,66183,66183,66184,478(111,409) 808,744 46,40946,40946,40947,081(61,069) 443,898 81,97899,29199,29199,291(138,088) 791,315 47,28049,82949,92541,219(85,777) 436,461 (36,716)(36,716)(36,716)(36,716)(36,716)(440,589) 834,473878,422885,347881,273(1,064,687)8,100,407 0 186,213185,754185,384203,341218,9782,290,915 113,446113,826114,212120,825125,0711,347,214 00 0 299,659299,580299,596324,166344,0493,638,129 534,814578,842585,751557,107(1,408,736)4,462,278 520,173263,685291,87664,90001,620,253 79,11075,10252,1926,5710290,875 00000 500,000 599,283338,787344,06871,47102,411,128 (32,450)(43,186)00(71,471)(641,670) 566,833295,601344,06871,471(71,471)1,769,458 (32,019)283,241241,683485,636(1,337,265)2,692,820 - - - - - 0 - - - - - 0 - - - - - 0 (9,375) (9,375) (9,375) (9,375) (9,375) (112,498) (22,758) (22,758) (22,758) (22,758) (22,758) (273,100) (10,008) (10,008) (10,008) (10,008) (10,008) (120,100) (10,486) (10,486) (10,486) (10,486) (10,486) (125,831) - - - - - 0 0 0 (3,500) (3,500) (3,500) (3,500) (3,500) (42,000) - - - - - 0 (56,127) (56,127) (56,127) (56,127) (56,127)(673,529) (88,147)227,114185,556429,509(1,393,393)2,019,291 000000 000000 0000 0 000000 000000 000000 (88,147)227,114185,556429,509(1,393,393)2,019,291 2,365,587 2,153,062 2,255,796 2,316,973 2,622,103 577,589 (88,147)227,114185,556429,509(1,393,393)2,019,291 00000 0 0001,350,0001,350,000 0 000 0 0 00000 0 0 00000 0 (124,379)(124,379)(124,379)(124,379)(124,379)(1,492,548) 2,153,0622,255,7962,316,9732,622,1032,454,3312,454,331 1,721,1121,721,1121,721,1121,721,1121,721,1121,721,112 3,874,1743,976,9084,038,0854,343,2154,175,4444,175,444 2,445,483 2,445,483 2,445,483 2,445,483 2,445,483 2,445,483 2,445,4832,445,4832,445,4832,445,4832,445,4832,445,483 300,000300,0005,640,422300,000300,000 300,000 Projections / Actual based on Yardi cash flow statements. cash basis to be paid in December. rating Account but excludes Savings Account of $329,621 and excludes the investment accounts. gs and proceeds from projected refinancing of CCC and Alpha Plaza in 2022. account for North Dallas Tollway acquisition in 2022. and intercompany items. nd excludes investment cash and savings account, escrow balances and 1031 Exchange. t 38

LEASING REPORTS

OWNER’S REPORT

ASSET MANAGEMENT REPORTS

BRADFORD RETAIL LEASING

OWNER’S REPORT

4885-120 2,376 SF

LEASED SUITE 2754,800 RSF ESCAPE ROOM 5/31/2027 LEASED SUITE 2704,000 RSF LIVE ARTS CONSERVATORY 12/31/2025 LEASED SUITE 1004,999 RSF EURO LIVING 11/30/2025 LEASED SUITE 1253,600 RSF BELLA BRA SHOP 4/4/2027 LEASED SUITE 1554,875 RSF GOWNS OF GRACE 8/31/2025 LEASED SUITE 2056,600 RSF MANACARE 2/28/2023 LEASED SUITE 2106,300 RSF DAVID DIKE FINE ART 4/30/2029 LEASED SUITE 2505,040 RSF GAME SHOW BATTLE ROOMS 3/31/2027 LEASED SUITE 2403,360 RSF GEA OF TEAS 7/31/2024 LEASED SUITE 2203,880 RSF MANACARE 2/28/2023 AVAILABLE SUITE 2604,183 RSF AVAILABLE SUITE 2801,618 RSF LEASED SUITE 2003,340 RSF JUDY NORDSETH 7/31/2026 LEASED SUITE 1951,875 RSF WINDOW SEASON 9/30/2024 LEASED SUITE 2902,772 RSF CANTERA DOORS 5/31/2024 LEASED SUITE 2952,696 RSF ALEXANDER OTIS 3/31/2023 LEASED SUITE 2852,177 RSF AUSSIE GRIND 1/31/2028 LEASED SUITE 2881,928 RSF KITCHEN SOCIAL 2028 AVAILABLE SUITE 110 2,383 RSF AVAILABLE SUITE 1202,376 RSF LEASED SUITE 1152,542 RSF URBAN SPIKES 10/31/2025 ALPHA PLAZA 4885 & 4887 ALPHA ROAD, FARMERS BRANCH, TX 75244 41

20232024 2025 2027 2028 2029 VACANT

LeasingActivityReport BradfordRetail

RENEWALS&EXPANSIONS

7/18/22Space plan created.

9/15/2022

Tenant has engaged Mowax and they are creating final plan.

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

11/10/2022

12/7/2022

Meeting with tenant and architect on 11/11 to create pricing plan.

Spoke to tenant. Reviewing plan for approval to bid.

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

11/10/22 Made proposal to Tenant. Waiting on tenant counter. She has toured 2 more times. 12/8/2022

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

Tenantsentcountertoour lastproposal. Waitingon ownerresponse.

Spoketoaboutfindinghis ownspace. Touringnext week.

Reachedoutto Issa/Eurolivingastheyhave awallpaperconceptin Floridatheywanttoopenin Dallas.

TenantPropertySpaceArea (SF)Date Last Activity Urban Spikes Alpha Plaza110 2,4226/29/22

Met with to discuss expansion.

Alexander Otis Alpha Plaza295 2,69612/8/2022

update pending rental payment status. AllureAlpha Plaza280 1,61810/17/22

ALPHAPLAZA PROSPECTIVETENANTS ALPHAPLAZA (Expansion) (3/31/2023) 1/18/2023 ReceivedbidandTenantis reviewing. 01/17/2023 Reachedoutto

tryingtosetup

week.

Rayand

meetingfor next

1/16/2023

1/17/2023

12/28/2023

Alan BarnesAlpha Plaza280 1,618 Wallpaper StoreAlpha Plaza120 2,376 42

Prospect is 3 partners opening craft cocktails and tapas. Does not need front exposure.

Touredwithprospect. Lookingforapropertythat wouldprovidemoreparking.

Toured and Tenant has requested second tour. They brought their GC to first tour.

Tenant meeting with partners and making decisions about square footage needed.

Tenant's interest level is still high and can wait until after ManaCare lease extension. Still having internal discussions.

VACANCIES

Notebook Craft Cocktails Alpha Plaza260 4,183 Vacant Vacant 12/8/2022

ESP FitnessAlpha Plaza205 6,6009/15/2022

10/17/2022

12/8/2022

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 2,1776/21/22Aussie Grind Alpha Plaza205 6,60011/16/2022ManaCare Health LLC Renewal Alpha Plaza220 3,88011/16/2022ManaCare Health LLC Renewal 1/18/2023

01/18/2023 Spoketorightbefore Christmas. Stillinterested.

RECENTLYLEASED Alpha Plaza2881,9288/15/2022n Social Kitche 43

MIDWAY CENTER 14430 MIDWAY ROAD, FARMERS BRANCH, TX 75244 20232025 2026 2027 2028 2029 VACANT LEASED SUITE 14472/745,042 RSF BALEY’S BRIDAL 1/31/2027 LEASED SUITE 144762,938 RSF A-ONE ENGRAVING 3/31/2023 LEASED SUITE 144303,885 RSF SIGNARAMA 8/31/2026 LEASED SUITE 144363,934 RSF WEG’S GUNS 10/31/2026 LEASED SUITE 144441,950 RSF MIMI’S UPHOLSTERY 4/30/2023 LEASED SUITE 144421,950 RSF OVERTON FAMILY JEWELS 11/30/2027 LEASED SUITE 144401,950 RSF VERTICON CONSTRUCTION 4/30/2027 LEASED SUITE 144381,950 RSF BREAKING BREW MEADERY 4/30/2023 LEASED SUITE 144483,750 RSF HERITAGE HOUSE CLOCKS 3/31/2027 LEASED SUITE 144563,750 RSF ROCK A SNAP 10/31/2027 LEASED SUITE 144682,300 RSF MMB STRATEGY 5/31/2023 LEASED SUITE 144461,875 RSF EDIBLE ARRANGEMENTS 1/31/2023 LEASED SUITE 144541,875 RSF CHIOMA 9/30/2027 LEASED SUITE 144521,859 RSF AMY’S STUDIO 10/31/2025 LEASED SUITE 144601,875 RSF VALENCIA THEATER SEATING 2026 AVAILABLE SUITE 144641,875 RSF LEASED SUITE 144621,875 RSF WALLPAPER PLACE 11/30/2027 LEASED SUITE 144681,450RSF AAT FINANCIAL 2/28/2025 44

LeasingActivityReport

BradfordRetail

RENEWALS&EXPANSIONS MIDWAY

Made proposal for 5-year renewal.

11/10/22

12/8/22

1/16/23

Kennington attorney is drafting renewal documents.

Amendments sent to tenant to review.

Tenant could be selling franchise location, but are also saying they will execute amendment.

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

12/8/2022

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.

Tenanthaslocatednew productionlocationbutwant tokeeptaproomatMidway Center. Tobediscussed.

TenantPropertySpaceArea (SF)Date Last Activity Edible ArrangementsMidway144461,8759/14/22

Breaking Brew MeaderyMidway144381,9504/15/22

(10/31/2022) (4/30/2023)

1/16/2023

1/19/23AmendmentSigned

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

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.

1/17/2023

MMB Strategy Midway144682,30012/8/2022

(3/31/2023) (4/30/2023) (5/31/2023) 1/13/2023

1/18/2023

$15/sf

NNNw/

JN Lash SupplyMidway144641,875 Salon KindleMidway144641,87510/17/22

11/20/22

1/19/23

Tenanttouredandwewent tocurrentlocationinGrand Prairie. Thisissecond location. Waitingon fiancials.

Toured on 10/12/2022. Currently in Addison, but building is being torn down. Timing is not immediate, but will need to relocate.

No update. Tenant's need is not immediate.

VACANCIES Addison Wellness Midway144641,875 46

12/8/22

Followedupbuttheyare lookingforsomethingthat alreadyhasbuildout.

A-One EngravingMidway144762,93812/8/2022

1/6/2023 Mimi's UpholsteryMidway144441,95012/8/2022

Stopped by Mimi's a second time. She is wanting to address after first of year.

Sent email for initial contact and to get processs started.

12/8/22Followed up 2 more times.

Across the street in bldg. receiving demo. Needs to move by 5/31/2023. More of a prospect for Alpha Plaza.

Receivedcounter.Askedfor 1)expensecapof8%;2) keepcurrentHVACpolicyin 4thamdt;3)addsignageto glassonMidwayside

Sent2yearrenewalproposal for$10.30/sfgross. Currentlypaying$9.85/sf

1/13/23

3-yearrenewalproposal.

ann. incs.

1/18/23

Continuetoreachoutbutno update.

PROSPECTIVETENANTS

RECENTLYLEASED

Midway14464 Vacant Midway Center144541,8751/13/22CHIOMA Total Body Midway Center144661,4502/8/22AAT Financial Services Midway Center144563,7502/23/22Rock A Snap Photography Midway Center144483,7503/31/22Heritage House Clocks Midway Center144682,3005/25/22MMB Strategy Midway Center144221,9507/26/2022Overton Family Jewels Midway Center144601,8758/31/2022Valencia Theater Seating Midway Center144621,87510/31/2022Wallpaper Place Midway Center144461,8751/19/2023Edible Arrangements Renewal 1,875

BRADFORD FLEX LEASING

OWNER’S REPORT

20232024 2025 2026 2027 2028 VACANT VALLEY VIEW 1861 VALLEY VIEW LANE, IRVING, TX 75061 LEASED SUITE 10019,200 RSF TEXAS PROGRAMS FOR ALTERNATIVE EDUCATION 8/31/2024 LEASED SUITE 1406,936 RSF STRIPPIT, INC. 10/31/2023 LEASED SUITE 1509,864 RSF DISH NETWORK 7/31/2024 LEASED SUITE 1807,740 RSF ESSENTIAL FORMULAS 11/30/2023 49

TenantPropertySpaceArea (SF)Date Last Activity Strippit Valley View140 6,936 Essential Formulas Valley View180 7,740 Valley View100 19,2002/17/22Bridgeway Prep Renewal RENEWALS&EXPANSIONS VALLEYVIEW PROSPECTIVETENANTS VALLEYVIEW VACANCIES RECENTLYLEASED (10/31/2023) (11/30/2023) 50

LeasingActivityReport BradfordFlex

BRADFORD RPW

OWNER’S REPORT

20252026 2027 2028 2030 2031 VACANT CCCCAMPBELL 1200/1210 CAMPBELL ROAD, RICHARDSON, TX 75081 LEASED SUITE 10825,437 RSF PNC BANK 5/31/2025 LEASED SUITE 1306,168 RSF SEEBOOST/EVEGLAZE LLC 1/31/2027 AVAILABLE SUITE 1204,660 RSF LEASED SUITE 11010,370 RSF BRAZEN ANIMATION 10/31/2030 52

LEASED SUITE 1009,986 RSF TALLEY-RIGGINS CONSTRUCTION 6/30/2028 AVAILABLE SUITE 13011,226 RSF LEASED SUITE 1606,746 RSF ELECTION SYSTEMS & SOFTWARE 12/31/2026 LEASED SUITE 1504,446 RSF GET CLEAN SERVICES 1/31/2026 LEASED SUITE 1303,891 RSF SYNERGY SOLUTIONS 7/31/2026 LEASED SUITE 1203,591 RSF PRELOAD, LLC 4/30/2026 LEASED SUITE 1102,992 RSF DIRECT LINE GLOBAL 12/31/2027 LEASED SUITE 1004,465 RSF TXS INDUSTRIAL DESIGN 6/30/2026 LEASED SUITE 1402,993 RSF VERSAR, INC. 11/30/2027 20252026 2027 2028 2030 2031 VACANT CCCDIGITAL 1217/1219 DIGITAL DRIVE, RICHARDSON, TX 75081 53

Spoke with Jeff Eiting to make him aware of prospective tenant going into suite 120

Althoughtheywaivedtheir ROFRJeffwasinquiring aboutthespaceagain

Theyareinterestedin expandingoneortwobaysSentproposal

Willreachedoutregarding expansionoptions.Sent vacancies.Followedupand hesaidtheirplanswereon holdfornow.

Jarretthasaclientneeding 10,000SF.Sentplansfor CCCandCampbellCourtyard.

Cannon'sgroupneedsabout 6,000SF.Wetoldhimwe coulddemisesuite130

RichJr. hasagroupneeding about8,000SF.Theyneed 100%HVAC.Theywillbegin touringnextweek.

Leasing Activity Report Bradford TenantPropertySpaceArea (SF)Date Last Activity Brazen Animation (10/31/30)1210 Campbell110 10,37011/10/22

Talley -Riggins1217 DigitalExpansion1,936-3,872 Pre Load1219 DigitalExpansionTBD Undisclosed/ Jarrett Dunaway1217 Digital130 10,000 Undisclosed/ Cannon Shoults1217 Digital130 6,000 Undisclosed/ Rich Young1217 Digital130 8,000 1217 Digital130 11,226 1210 Campbell120 4,660 1219 Digital 140 2,9937/18/22Leased to Versar 1219 Digital110 2,99210/1/22Leased to Direct Line RENEWALS & EXPANSIONS CCC PROSPECTIVE TENANTS CCC VACANCIES RECENTLY LEASED 1/11/23

1/19/23

1/17/23 1/5/23 12/27/23 54

JUPITER 2100, 2200, & 2201 10TH STREET AND 1009 JUPITER ROARD, PLANO, TX 75074 20242027 2029 2030 2031 2032 VACANT LEASED SUITE 410043,680 RSF ENSEO 6/30/2027 LEASED SUITE 110033,460 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 310025,920 RSF FORTRESS SOLUTIONS 10/31/2029 55

Leasing Activity Report

Undisclosedgroupneeding20,000 SF.Theywouldneedasmallwhs componentadded.

17,000-25,0000SFrequirement. Sentflyerandfloorplans.

Bradford Tenant PropertySpaceArea(SF)Date LastActivity 220110thSt 150/Enseo Giveback 19,386 RENEWALS & EXPANSIONS JUPITER PROSPECTIVE TENANTS JUPITER VACANCIES RECENTLY LEASED Undisclosed/ ChrisStout 220110thSt 150/Enseo Giveback 19,386 1/12 Undisclosed/ AustinHibbard 220110thSt 150/Enseo Giveback 19,386 1/7

20252026 2027 2028 2029 2030 VACANT LEASED SUITE 10010,008 RSF RACKMOUNT 7/31/2027 LEASED SUITE 80012,632 RSF BRINKS 12/31/2026 LEASED SUITE 6007,193 RSF M4 SPECIALTY 12/31/2026 LEASED SUITE 5505,024 RSF C&W SPECIALISTS 8/31/2026 LEASED SUITE 5007,680 RSF TNT SPA MOVERS 8/31/2027 LEASED SUITE 4007,680 RSF EXTRAVAGANZA 12/31/2025 LEASED SUITE 3007,200 RSF HISCO 9/30/2025 LEASED SUITE 2004,800 RSF PLANO DATA 7/31/2025 AVAILABLE SUITE 7007,193 RSF PLACID 1200 PLACID AVENUE, PLANO, TX 75074 57

CivilEngineeringFirm needing7,000SF.Tour scheduled1/24at12:30

Ammunitioncompany needing8,000SF.Wepassed onthedealduetoinsurance liabilities.

Toured.Theyarenow focusedon600 Development.

Toured.Theyendedup renewinginPlano.

7,000SFrequirement.The preferdochighbutsaidthey couldmakegradelevelwork.

Theytouredagain.

InterestedinPlacidand Technology

Bradford TenantPropertySpaceArea (SF)Date Last Activity Teague Nall and Perkins/ Hunter Berry Placid 700 7,193 Killough Enterprises/ David Rodin Placid 700 7,193 Aither Systems/ Direct Placid 700 7,193 NXT Level Homes/ Direct Placid 700 7,193 Undisclosed/ Kyle JettPlacid 700 7,193 Vinx Pest Control / StreamPlacid 700 7,193 Placid 700 7,193 Placid 400 4,80012/1/22Leased to Extravaganza RENEWALS & EXPANSIONS PLACID PROSPECTIVE TENANTS PLACID VACANCIES RECENTLY LEASED 1/12/23

Leasing Activity Report

1/12/23

1/13/23

1/10/23

11/8/22

1/12/23

20232024 2025 2026 2027 2030 VACANT LEASED SUITE 510038,180 RSF KCW ENTERPRISES 6/30/2025 LEASED SUITE 21006,957 RSF TERMINIX 3/31/2023 LEASED SUITE 21507,453 RSF ABLE AUTO 1/31/2023 LEASED SUITE 23008,924 RSF ADAPTIVE 3D 7/31/2024 LEASED SUITE 312015,479 RSF AXCENT NETWORKS 8/31/2026 AVAILABLE SUITE 31007,855 RSF LEASED SUITE 130045,422 RSF NEXREV INC. 10/31/2027 LEASED SUITE 44009,204 RSF NIMBLETRONICS 6/30/2025 LEASED SUITE 420010,248 RSF REMEDI SENIORCARE 3/31/2026 LEASED SUITE 41005,827 RSF CMC NETWORK 3/31/2024 LEASED SUITE 41254,409 RSF CALGAR ENTERPRISES 5/31/2026 RESEARCH CENTER 600, 601, 608 DEVELOPMENT DRIVE & 2600/2700 RESEARCH DRIVE, PLANO, TX 75074 59

1/13/23

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

Becauseofmergerstheyare requestingoneyearrenewal. Sentproposaltakingthem from$12.70to$17.00

Toured.TheytouredPlacid andTechnologyaswell. Researchwasthebestfit.

1/5/23 Sentflyerandfloorplan. Waitingontourdates.

Bradford Tenant Property SpaceArea (SF)Date Last Activity Terminix (3/31/23) 608 Development100 6,95712/12/22

Leasing Activity Report

Aither Systems/ Direct 600 Development3-100 7,855 Undisclosed/ Stream 600 Development3-100 7,855 600 Development3-100 7,855

VACANCIES

RENEWALS & EXPANSIONS RESEARCH PROSPECTIVE TENANTS RESEARCH

RECENTLY LEASED 1/12/23

SUNWEST FLEX LEASING

OWNER’S REPORT

11/07/22 - K12 just notified us they are willing to leave all FF&E for the new prospective tenant to take free to make a deal to terminate lease on this 15K sf space and relocate to the 5K sf space.

10/27/22 - Notified K12 of prospect's continued interest and desire to have all FF&E free. Requesting their response.

10/14/22 - Relocation to Suite 800 proposal delivered, contingent on the proposal to ProtoType IT to take K12's existing suite 400

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

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

11/30/22 - Company acquisition still is pending and prevents them from committing to a lease.

10/12/22 - Broker finally provided update that they have been working on a company acquisition that derailed their space search. That did not go through and they are back on track to negotiate. Requirement has grown up to 15K. Presented K12 space

09/16/22 - Broker stated they are still awaiting direction from client.

01/11/23 - Caliber is meeting this month to discuss expansion needs. Expect feedback in the next couple weeks

01/09/23 - Called broker and left follow up messages on status updates for scheduling tours. 12/15/22 - Left follow up messages to understand when they will be touring the market.

11/17/22 - Broker reported that their search has been put on pause due to the delayed sale of their current building. They remain very interested in this property, but will not pursue the lease until building sale comes back on track. Brokers have a mid-December meeting and will report back thereafter on any changes.

11/09/22 - Followed up for response and they are waiting for other building to respond. They mentioned other building offered TIA to be applied towards abated

Date (Last updat Tenant Space Term (mo.) Comments 11/07/22 K12 Education LXD: 03/31/25 Current SF: 15,814 Current Rent: $ 14.50 Floor 1 Space 800 60 mo

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

2/28/23.

11/30/22 SitePro Rentals Construction 1825 Lakeway Drive - Floor 1 Space 300 89 mo

Date (Last updat Tenant Space Term (mo.) Comments 01/11/23 Caliber Collision Centers Inc. Automotive 1825 Lakeway Drive - Floor 1 Space 300 1825 Lakeway Drive - Floor

Space 400

Date (Last updat Tenant Space Term (mo.) Comments 11/17/22 Prototype IT, LLC IT Services 1825 Lakeway Drive - Floor 1 Space 400 65 mo

Waters Ridge Tech Center All active deals as of 01/20/23 Proposals Inquiries Idle 62

Sunwest TenantPropertySpaceArea (SF)Date Last Activity Hoya Optical Labs Waters Ridge II200 11,1943/14/22Hoya Renewal - 3 years RENEWALS&EXPANSIONS WATERSRIDGEII PROSPECTIVETENANTS VACANCIES RECENTLYLEASED 64

LeasingActivityReport

WATERS RIDGE III 1825 LAKEWAY DRIVE, LEWISVILLE, TX 75057 20232024 2025 2026 2027 2028 VACANT LEASED SUITE 2005,783 RSF OCCUSYSTEMS 12/31/2023 LEASED SUITE 1006,300 RSF CARDINAL TRACKING 8/31/2024 LEASED SUITE 40015,814 RSF K12 VIRTUAL SCHOOLS 6/30/2025 LEASED SUITE 70019,389 RSF ALLEGIANCE TRUCKING 5/31/2025 LEASED SUITE 50012,344 RSF FORD MOTOR COMPANY 11/30/2025 AVAILABLE SUITE 8005,071 RSF AVAILABLE SUITE 30010,386 RSF 65

LeasingActivityReport

9/28/22Broker reached out letting us know K12 has expressed interest in downsizing and relocation within the building. Their business model has changed due to Covid-19 and they are doing more online teaching rather than classroom style, so they now only need about 5,000 SF of office space

9/30/22Toured K12 tenant and broker through suite 800 as a potential relocation and rightsizing of their space. They saw the potential in the space and believe it could work for them with a few minor modifications. They will discuss their needs with their broker and get back to us soon

10/14/22Relocation to Suite 800 proposal delivered, contingent on the proposal to ProtoType IT to take K12's existing suite 400

10/27/22Notified K12 of prospect's continued interest and desire to have all FF&E free. Requesting their response.

11/7/22

K12 just notified us they are willing to leave all FF&E for the new prospective tenant to take free to make a deal to terminate lease on this 15K sf space and relocate to the 5K sf space.

10/19/22Trent Blakey reached out to management looking to reconnect with leasing to discuss relocating to suite 300

11/1/22Sent proposal we made them back in March asking they respond to terms proposed so we can make progress on an agreement to see them relocate to the larger space.

Sunwest TenantPropertySpaceArea (SF)Date Last Activity

RENEWALS

WATERSRIDGEIII K12Waters Ridge III400 15,814 OccuSystem Services Inc (Expire 12/31/23) Waters Ridge III200 5,783 66

&EXPANSIONS

12/5/22Call scheduled this week to catch up on how things have changed since our last conversation end of summer.

1/13/23Tenantwillnotbeableto responduntilnewCEOgets in-expectingmidtoendof february

PROSPECTIVETENANTS

10,3945/19/22Initial inquiry; Initial need for 5-6,000 SF with an additional need for 2-4,000 SF for possible future expansion space; Industrial manufacturing group who would use this as a general office use

6/13/22Left follow up message. Broker traveling.

7/11/22Tour scheduled 7/13

7/13/22Confirmed this is SitePro Rentals - national equipment rental co with several locations. Requirement grew from 5-10K sf. Toured suite 300 and appeared interested with some TI performed. Loved the new courtyard. Expect feedback next week.

7/19/22Confirmed we are on the short list. Expect RFP by end of week or Monday.

8/3/22RFP Received for 3 and 5 year terms

8/10/22LOI delivered; Confirmed 4 RFP's were sent out

8/15/22Awaiting initial test fit from Entos to send this week.

8/16/22Sent initial test fit. Broker requested prelim bid. Sent to McKenzie and need to confirm finishes.

8/23/22Followed up with Broker for finish selections

8/29/22Broker finally replied stating they are running numbers in all proposals now and should respond shortly.

9/14/22Broker stated they are still awaiting direction from client.

SitePro RentalsWaters Ridge III300

10/12/22Broker finally provided update that they have been working on a company acquisition that derailed their space search. That did not go through and they are back on track to negotiate. Requirement has grown up to 15K. Presented K12 space

11/30/22Companyacquisitionstill pendingandcontinuesto keeptheirfocus

9/20/22Tour scheduled for 9/30 of both Suites 300 and 800

9/30/22Tour of Suites 300 and 400 (currently occupied by K12) took place today. The company is Prototype IT currently located in Lewisville off Main Street looking to relocate Q1 2023. They seemed very interested in both suites and we expect further feedback from them soon

10/6/22Sent plan on suite 400 that K12 occupies. They really liked the idea of being under 1 roof vs. 2 separate suites.

10/6/22RFP recieved for Suite 400

10/14/22LL Proposal delivered

10/18/22Broker expects to deliver their response by EOD today or tomorrow morning

10/21/222nd tour had of all spaces 300, 400, and 800. They are still evaluating their size needs with a large portion of staff still remote.

10/26/22Tenant counter proposal received

10/28/22Delivered LL response

11/4/22Reconsidering leasing the 10K sf space vs. K12's 15K sf space due to the budget needs and K12 not leaving FF&E in place for free.

11/7/22Notified them K12 is willing to leave their furniture in place for them free in order to come to terms on deal on #400 (15K sf space)

ProtoType ITWaters Ridge III300, 80015,4658/23/22Initial inquiry

11/9/22Followed up for response and they are waiting for other building to respond. They mentioned other building offered TIA to be applied towards abated NNN. We reminded them that K12 space is basically new + plug & play solution with ALL further for free and our offer is still not one to pass on.

11/17/22Brokerreportedthattheir searchhasbeenputon pauseduetothedelayed saleoftheircurrentbuilding. Theyremainveryinterested inthisproperty,butwillnot pursuetheleaseuntil buildingsalecomesbackon track.Brokershavea mid-Decembermeetingand willreportbackthereafteron anychanges.

Political consultant and investment company looking to relocate after 25 years

11/23/22Requirement has changed and now they are looking to relocate to smaller 4,000 - 7,000 SF suites in separate locations. Presented Suite 800 as an option

12/1/22Tour scheduled for 12/6

12/6/22Touredsuite800andlikes thenaturallightcomingin. Wouldwantnewpaintand carpet.Willhavefeedback nextweek.

12/15/22Leftfollowmessageto understandwhentheywill betouringthemarket

1/9/23

calledbrokerandleftfollow upmessageonstatus updatesforschedulingtours

Caliberismeetingthismonth todiscussexpansionneeds. Expectfeedbackinthenext coupleweeks

Undisclosed (political consultant and investment company) Waters Ridge III300 10,38611/8/22Initial inquiry for 8-12K sf user.

details. 11/9/22

gathering more

Caliber Collision Centers Waters Ridge III300/40026,000

1/11/23 69

VACANCIES RECENTLYLEASED Waters Ridge III300 10,386 Waters Ridge III800 5,071 70

THIRTY-FOUR COMMERCIAL OFFICE LEASING

OWNER’S REPORT

LEASED SUITE 1054,772 RSF MINIMALLY INVASIVE 11/30/2027 LEASED SUITE 1006,110 RSF BENT TREE FAMILY PHYSICIANS 10/31/2022 LEASED SUITE 1002,298 RSF DR. WALLACE 10/31/2023 LEASED SUITE 1102,432 RSF DR. WALLACE 10/31/2023 AVAILABLE SUITE 1201,298 RSF LEASED SUITE 125495 RSF GREEN STAR PROPERTIES 2/28/2023 LEASED SUITE 1301,213 RSF AURORA INSURANCE 9/30/2024 LEASED SUITE 1403,590 RSF EVANTELL 6/30/2027 LEASED SUITE 1802,660 RSF ALL CARE 8/31/2031 LEASED SUITE 1001,240 RSF DR. WALLACE 10/31/2023 AVAILABLE SUITE 150 1,984 RSF BENT TREE PLACE 17110 N DALLAS PARKWAY, DALLAS, TX 75248

*PROPOSAL OUT* *WILL VACATE* Lorem ipsum 20222023 2024 2025 2027 2031 VACANT

FIRST FLOOR EXPIRATIONS

SECOND FLOOR EXPIRATIONS

LEASED SUITE 2061,978 RSF JAMESON & POWERS 9/30/2025 LEASED SUITE 2081,325 RSF JAMESON & POWERS 9/30/2025 LEASED SUITE 2101,715 RSF FLAGG LAW 9/30/2025 LEASED SUITE 212 & 2144,305 RSF BOHACH LAW 6/30/2024 LEASED SUITE 2204,118 RSF WORKSHOP STUDIOS LEASED SUITE 222876 RSF MARK FUGIT 2/28/2025 LEASED SUITE 2302,627 RSF P.R.E.A.C.H. 2/29/2024 LEASED SUITE 2902,750 RSF RAY LEVY & ASSOCIATES 6/30/2027 LEASED SUITE 2861,178 RSF WORKSHOP STUDIOS 12/31/2022 LEASED SUITE 200 1,031 RSF JEFFERSON PHYSICIANS 10/31/2022 LEASED SUITE 2801,942 RSF FIRST FINANCIAL 10/31/2024 LEASED SUITE 284746 RSF ROARING LAMBS 10/31/2023 LEASED SUITE 2011,278 RSF NATHAN RESEARCH INC. 8/31/2022 *LEASE OUT* *PROPOSAL OUT* AVAILABLE SUITE 205 1,372 RSF BENT TREE PLACE 17110 N DALLAS PARKWAY, DALLAS, TX 75248

MECH MECH MECH AVAILABLE SUITE 218 2,269 RSF Lorem ipsum 20222023 2024 2025 2027 2031 VACANT

LeasingActivityReport Thirty-FourCommercial

Received TI requests from Tenant. To discuss.

10/17/2022

Pricing came in at $16.15/sf. Thirty-Four drafting 3-year extension proposal.

11/10/2022

Received updated pricing for millwork after VE'ing TI's. Came in at appx $2/SF. Revised proposal with lower TI to discuss.

AmendmentoutforTenant Review.Theysenttotheir attorneyandarewaitingon comments.

Received TI requests from Tenant. To discuss.

10/17/2022

11/10/2022

1/19/2023

Thirty-Four drafting 3 year extension proposal. Tenant wants as-is/low rate because they could easily WFH.

Will revise terms to match BTP once approved.

AmendmentoutforTenant Review.Theysenttotheir attorneyandarewaitingon comments.

1/19/23

SentinformationtoColliers on(1/19). Tenantowns theirbuildingon5442Alpha Rdandisundercontractto sellit.Hopingtostayin vicinityofcurrentoffice, parametersarebetweenBelt LineandParkerRd.

SentinformationtoColliers on(1/18).Brokerhasacall withtenanttoday, consideringoptionsinLas ColinasandLowerTollway. Lookinginthe$22-26Gross range.

TenantPropertySpaceArea (SF)Date Last Activity Bent Tree PhysiciansN Dallas Pky100 6,1109/21/2022

Jefferson Physician GroupN Dallas Pky200 1,0319/21/2022

Undisclosed Oil + Gas Firm N Dallas Pky215 2,269 Elev8 Investments N Dallas Pky215 2,269 RENEWALS

EXPANSIONS Tollway PROSPECTIVETENANTS (10/31/22) (10/31/22) 1/19/2023

1/19/23

VACANCIES

RECENTLYLEASED

Sentproposalforsuite125. Tenantisalsointerestedin expandinginto160sinceits contiguousbutwaitingon pricing. 1/10/23

Sentinformationfor2KSF requirement.Specsuites wouldbeagoodfit.

Sentinfoforlawfirm.Needs expansionspacesooptions wouldnotbeableto accomodatethat.

Followedupwithtenanton officesearch.Wouldliketo presentspecplanswhen priced/approved.

Had coffee with partners. Currently in coworking at Galleria and looking for more permanent space along the tollway. Will begin search after holidays. Followed up with Jake.Sent info to Jake Younger with Citadel for law firm that wants to occupy by 1Q23. Would need to add conference room if combining 120/125.

EvantellN Dallas Pky125 495 Drake Realty Group N Dallas Pky125/120/1602,000 Undisclosed Law Firm N Dallas Pky125/120/1601,500 - 2,000 Preston Forest Capital N Dallas Pky125/120/1602,000 Undisclosed Law Firm N Dallas Pky125/120/1602,000 N Dallas Pky120 1,298 FC Lending Moved Out 10/31 N Dallas Pky120 495 Green Star to Move Out N Dallas Pky160 1,984 N Dallas Pky205 1,372 N Dallas Pky220 6,387 N Dallas Pky286 1,178 Workshop moving out after construction N Dallas Pky220 Workshop Studios N Dallas Pky201

1/17/23

1/5/23

12/8/22

11/10/22

Nathan Research

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 76

ASSET MANAGEMENT REPORTS

CONSTRUCTION/ TENANT IMPROVEMENTS

OWNER’S REPORT

CONSTRUCTION PROJECTS OVERALL SUMMARY

CONSTRUCTION PROJECTS OVERALL

ConstructionProjectName Tenant Cost CommencementGCAssignedToStatus Comments ALPHAPLAZA Suite250 GameShowBattle $90,720.00 4/1/2022SouthlakeGC InProgress ConstructionOngoing,completionanticipatedfor endofJuly Suite285-Space2 AussieGrind $71,198.19 12/18/2022TBD PreconstructionLeasesexecuted6/21/2022.InDesign MIDWAYCENTER Suite14456 RockaSnapPhotography$56,250.00 8/1/2022NextGenConstructionPreconstructionTenantutilizingNextGenConstructionasGCis workingonpermitandmobilization. Suite14456LLWork RockaSnapPhotography$42,773.39 NextGenConstructionPreconstructionWaitingforCityIssuedPermit SKYWAYCIRCLE ADAViolations-ExteriorofSuite 3101 APAmericas $100,000.00 TBD JJAC PreconstructionCityRequiresEngineeredCivilDrawings&Water MeterMainVaultInstalled Suite3117 APAmericas $162,000.00 7/20/2022JJAC Punchlist ConstructionCompleted,Punchlist7/21/22 JUPITERNORTH EnseoTenantInterior Enseo $1,309,200.00 TBD PrestonPierce NotStarted PendingTenantmovement.Tenantplacedproject onholdduetoCOVID19 EnseoExterior Enseo $946,628.00 TBD PrestonPierce NotStarted PendingTenantmovement.Willbegin preconstructiononcetenanthasmovementon Interiorscopeofwork. ConstructionProjectName Tenant Cost CommencementGCAssignedToStatus Comments ALPHAPLAZA Suite250 GameShowBattle $90,720.00 4/1/2022SouthlakeGC Punchlist PunchlistinProcess,tenantoccupying& operational Suite285-Space2 AussieGrind $71,198.19 12/18/2022TBD PreconstructionLeasesexecuted6/21/2022.InDesign Suite285-Space1 KitchenSocial $48,200.00 3/1/2022TBD PreconstructionLeasesexecuted8/15/2022 Suite285LLItems 285Tenants $185,000.00 TBD PreconstructionHVAC,Electrical,Demise,Plumbing MIDWAYCENTER Suite14456 RockaSnapPhotography$56,250.00 8/1/2022NextGenConstructionPreconstructionTenantutilizingNextGenConstructionasGCis workingonpermitandmobilization. Suite14456LLWork RockaSnapPhotography$42,773.39 NextGenConstructionPreconstructionWaitingforCityIssuedPermit Suite14442 OvertonJewels $26,543.42 9/15/2022RoundTable PreconstructionMaterialsonOrder ABC RoofReplacement EastBuilding $151,550.00 10/1/2022TommyFisher NotStarted MaterialsonOrder SKYWAYCIRCLE ADAViolations-ExteriorofSuite 3101 APAmericas $24,650.00 TBD JJAC PreconstructionCityRequiresEngineeredCivilDrawings&Water MeterMainVaultInstalled.holdinguppourbackof ramp SkywayWaterMeter Exterior $100,000.00 PrestonPierce PreconstructionWorkingwithBHBForDraawings Suite3117 APAmericas $162,000.00 7/20/2022JJAC Punchlist ConstructionCompleted,Punchlist7/21/22 JUPITERNORTH EnseoTenantInterior Enseo $1,309,200.00 TBD PrestonPierce NotStarted PendingTenantmovement.Tenantplacedproject onholdduetoCOVID19 EnseoExterior Enseo $946,628.00 TBD PrestonPierce NotStarted PendingTenantmovement.Willbegin preconstructiononcetenanthasmovementon Interiorscopeofwork. ConstructionProjectName Tenant Cost CommencementGCAssignedToStatus Comments ALPHAPLAZA Suite250 GameShowBattle $90,720.00 4/1/2022SouthlakeGC Punchlist PunchlistinProcess,tenantoccupying& operational Suite285-Space2 AussieGrind $71,198.19 12/18/2022TBD PreconstructionLeasesexecuted6/21/2022.InDesign Suite285-Space1 KitchenSocial $48,200.00 3/1/2022TBD PreconstructionLeasesexecuted8/15/2022 Suite285LLItems 285Tenants $185,000.00 TBD PreconstructionHVAC,Electrical,Demise,Plumbing MIDWAYCENTER Suite14456 RockaSnapPhotography$56,250.00 8/1/2022NextGenConstructionInProgress TenantutilizingNextGenConstructionasGC, Permitreceived9/20/22 Suite14456LLWork RockaSnapPhotography$42,773.39 NextGenConstructionPreconstructionPermitreceived9/20/2022 Suite14442 OvertonJewels $26,543.42 9/15/2022RoundTable Complete ProjectCompleted,Tenantobtainedpossession Suite14460LLWork ValenciaTheaterSeating TBD 12/1/2022TBD PreconstructionLLtobuildRRfortenantsuite.Interpriseindesign forpermitdrawings. ABC RoofReplacement EastBuilding $151,550.00 10/1/2022TommyFisher InProgress MaterialsDelivered9/21,Permittostarttobe receivedon9/26/2022 SKYWAYCIRCLE ADAViolations-ExteriorofSuite 3101 APAmericas $24,650.00 TBD JJAC PreconstructionCityRequiresEngineeredCivilDrawings&Water MeterMainVaultInstalled.holdinguppourbackof ramp SkywayWaterMeter Exterior $100,000.00 PrestonPierce PreconstructionDrawingsreceived,waitingforpricingfromGC JUPITERNORTH EnseoTenantInterior Enseo $1,309,200.00 TBD PrestonPierce NotStarted PendingTenantmovement.Tenantplacedproject onholdduetoCOVID19 EnseoExterior Enseo $946,628.00 TBD PrestonPierce NotStarted PendingTenantmovement.Willbegin preconstructiononcetenanthasmovementon Interiorscopeofwork. ConstructionProjectName Tenant Cost GCAssignedToStatus Comments ALPHAPLAZA Suite285-Space2 AussieGrind $71,198.19TBD PreconstructionLeasesexecuted6/21/2022.InDesign Suite285-Space1 KitchenSocial $48,200.00TBD PreconstructionLeasesexecuted8/15/2022 Suite285LLItems 285Tenants $185,000.00TBD PreconstructionHVAC,Electrical,Demise,Plumbing Suite285/288HVAC (3)Spaces $69,165.00DMG PreconstructionCostapproved,waitingonunits-onorder Suite250 GameShowBattle $90,720.00SouthlakeGC Punchlist PunchlistinProcess,tenantoccupying& operational MIDWAYCENTER Suite14460LLWork ValenciaTheaterSeating$35,000.00TBD PreconstructionLLtobuildRRfortenantsuite.Drawingsobtained, waitingontenantapproval. Suite14456 RockaSnapPhotography$56,250.00NextGenConstructionInProgress TenantutilizingNextGenConstructionasGC, Permitreceived9/20/22 Suite14456LLWork RockaSnapPhotography$42,773.39NextGenConstructionInProgress Permitreceived9/20/2022 Suite14442 OvertonJewels $26,543.42RoundTable Complete ProjectCompleted,Tenantobtainedpossession ABC RoofReplacement EastBuilding $151,550.00TommyFisher Complete EastBuildingroofreplaced. SKYWAYCIRCLE ADAViolations-ExteriorofSuite 3101 APAmericas $24,650.00JJAC PreconstructionTemprampinstalleduntilwatermeterworkis completed. SkywayWaterMeter Exterior $54,387.51PrestonPierce PreconstructionPricingapproved,projectinpermitwiththecity. RearRetainingWall Exterior-Back $75,831.21PrestonPierce PreconstructionInpermitwiththecity. JUPITERNORTH EnseoTenantInterior Enseo $1,309,200.00PrestonPierce NotStarted PendingTenantmovement.Tenantplacedproject onholdduetoCOVID19 EnseoExterior Enseo $946,628.00PrestonPierce NotStarted PendingTenantmovement.Willbegin preconstructiononcetenanthasmovementon Interiorscopeofwork. ConstructionProjectName Tenant Cost GCAssignedToStatus Comments KELLWAY Suite4268 GoodmanPhoto $18,802.00Lonestar Punchlist ProjectCompleted,pendingpunchlist ALPHAPLAZA Suite285-Space2 AussieGrind $71,198.19DevelopInc PreconstructionPendingPermitIssuance Suite285-Space1 KitchenSocial $48,200.00TBD PreconstructionProjectinPermitting,PendingGCSelection Suite285LLItems 285Tenants $185,000.00TBD PreconstructionHVAC,Electrical,Demise,Plumbing Suite285/288HVAC (3)Spaces $69,165.00DMG Complete Costapproved,waitingonunits-onorder Suite250 GameShowBattle $90,720.00SouthlakeGC Complete PunchlistinProcess,tenantoccupying& operational MIDWAYCENTER Suite14460LLWork ValenciaTheaterSeating$35,000.00RoundTable InProgress RoughWorkcompleted,PendingPermit Suite14456 RockaSnapPhotography$56,250.00NextGenConstructionInProgress TenantutilizingNextGenConstructionasGC, Permitreceived9/20/22 Suite14456LLWork RockaSnapPhotography$42,773.39NextGenConstructionInProgress Permitreceived9/20/2022 Suite14462 WallPaperPlace $18,750.00TenantGC Complete ProjectCompleted,TenantOccupy SKYWAYCIRCLE ADAViolations-ExteriorofSuite 3101 APAmericas $24,650.00JJAC PreconstructionTemprampinstalleduntilwatermeterworkis completed. SkywayWaterMeter Exterior $54,387.51PrestonPierce PreconstructionPricingapproved,projectinpermitwiththecity. RearRetainingWall Exterior-Back $75,831.21PrestonPierce PreconstructionInpermitwiththecity. JUPITERNORTH EnseoTenantInterior Enseo $1,309,200.00PrestonPierce NotStarted PendingTenantmovement.Tenantplacedproject onholdduetoCOVID19 EnseoExterior Enseo $946,628.00PrestonPierce NotStarted PendingTenantmovement.Willbegin preconstructiononcetenanthasmovementon Interiorscopeofwork. BENTTREEPLACE Suite220 Workshop $165,000.00PrestonPierce PreconstructionProjectinPermitwithCity,PendingFinalPricing.

Construction Project Name Tenant Cost Status Comments ALPHA PLAZA Suite 210 David Dike $126,000.00 Complete Construction Complete Punchlist Completed Suite 250 Game Show Battle $90,720.00 In Progress Construction Ongoing Suite 285 - Space 2 Aussie Grind $71,198.19 Preconstruction Leases executed 6/21/2022 MIDWAY CENTER Suite 14454 Chioma $22,500.00 Punchlist Construction Complete Punchlist Underway Suite 14456 Rock a Snap Photography $56,250.00 Preconstruction Tenant utilizing Next Gen Construction as GC is working on permit and mobilization. CCC 1217- 100 Expansion Talley Riggins $189,920.00 Complete Construction Completed. GC To clean up vacant suite from material and debris. SKYWAY CIRCLE ADA Violations AP Americas $24,650.00 In Progress Permit issued, work ongoing. waiting on city to verify water meter. Suite 3117 AP Americas $162,000.00 In Progress Permit issued work ongoing JUPITER NORTH Enseo Tenant Interior Enseo $1,309,200.00 Not Started Pending Tenant movement. Tenant placed project on hold due to COVID 19 Pending Tenant movement. Will begin ALPHAPLAZA Suite250 GameShowBattle $90,720.00 4/1/2022SouthlakeGC InProgress ConstructionOngoing,completionanticipatedfor endofJuly Suite285-Space2 AussieGrind $71,198.19 12/18/2022TBD PreconstructionLeasesexecuted6/21/2022.InDesign MIDWAYCENTER Suite14456 RockaSnapPhotography$56,250.00 8/1/2022NextGenConstructionPreconstructionTenantutilizingNextGenConstructionasGCis workingonpermitandmobilization. Suite14456LLWork RockaSnapPhotography$42,773.39 NextGenConstructionPreconstructionWaitingforCityIssuedPermit SKYWAYCIRCLE ADAViolations-ExteriorofSuite 3101 APAmericas $100,000.00 TBD JJAC PreconstructionCityRequiresEngineeredCivilDrawings&Water MeterMainVaultInstalled Suite3117 APAmericas $162,000.00 7/20/2022JJAC Punchlist ConstructionCompleted,Punchlist7/21/22 JUPITERNORTH EnseoTenantInterior Enseo $1,309,200.00 TBD PrestonPierce NotStarted PendingTenantmovement.Tenantplacedproject onholdduetoCOVID19 EnseoExterior Enseo $946,628.00 TBD PrestonPierce NotStarted PendingTenantmovement.Willbegin preconstructiononcetenanthasmovementon Interiorscopeofwork. Suite250 GameShowBattle $90,720.00 4/1/2022SouthlakeGC Punchlist PunchlistinProcess,tenantoccupying& operational Suite285-Space2 AussieGrind $71,198.19 12/18/2022TBD PreconstructionLeasesexecuted6/21/2022.InDesign Suite285-Space1 KitchenSocial $48,200.00 3/1/2022TBD PreconstructionLeasesexecuted8/15/2022 Suite285LLItems 285Tenants $185,000.00 TBD PreconstructionHVAC,Electrical,Demise,Plumbing MIDWAYCENTER Suite14456 RockaSnapPhotography$56,250.00 8/1/2022NextGenConstructionPreconstructionTenantutilizingNextGenConstructionasGCis workingonpermitandmobilization. Suite14456LLWork RockaSnapPhotography$42,773.39 NextGenConstructionPreconstructionWaitingforCityIssuedPermit Suite14442 OvertonJewels $26,543.42 9/15/2022RoundTable PreconstructionMaterialsonOrder ABC RoofReplacement EastBuilding $151,550.00 10/1/2022TommyFisher NotStarted MaterialsonOrder SKYWAYCIRCLE ADAViolations-ExteriorofSuite 3101 APAmericas $24,650.00 TBD JJAC PreconstructionCityRequiresEngineeredCivilDrawings&Water MeterMainVaultInstalled.holdinguppourbackof ramp SkywayWaterMeter Exterior $100,000.00 PrestonPierce PreconstructionWorkingwithBHBForDraawings Suite3117 APAmericas $162,000.00 7/20/2022JJAC Punchlist ConstructionCompleted,Punchlist7/21/22 JUPITERNORTH EnseoTenantInterior Enseo $1,309,200.00 TBD PrestonPierce NotStarted PendingTenantmovement.Tenantplacedproject onholdduetoCOVID19 EnseoExterior Enseo $946,628.00 TBD PrestonPierce NotStarted PendingTenantmovement.Willbegin preconstructiononcetenanthasmovementon Interiorscopeofwork. Suite250 GameShowBattle $90,720.00 4/1/2022SouthlakeGC Punchlist PunchlistinProcess,tenantoccupying& operational Suite285-Space2 AussieGrind $71,198.19 12/18/2022TBD PreconstructionLeasesexecuted6/21/2022.InDesign Suite285-Space1 KitchenSocial $48,200.00 3/1/2022TBD PreconstructionLeasesexecuted8/15/2022 Suite285LLItems 285Tenants $185,000.00 TBD PreconstructionHVAC,Electrical,Demise,Plumbing MIDWAYCENTER Suite14456 RockaSnapPhotography$56,250.00 8/1/2022NextGenConstructionInProgress TenantutilizingNextGenConstructionasGC, Permitreceived9/20/22 Suite14456LLWork RockaSnapPhotography$42,773.39 NextGenConstructionPreconstructionPermitreceived9/20/2022 Suite14442 OvertonJewels $26,543.42 9/15/2022RoundTable Complete ProjectCompleted,Tenantobtainedpossession Suite14460LLWork ValenciaTheaterSeating TBD 12/1/2022TBD PreconstructionLLtobuildRRfortenantsuite.Interpriseindesign forpermitdrawings. ABC RoofReplacement EastBuilding $151,550.00 10/1/2022TommyFisher InProgress MaterialsDelivered9/21,Permittostarttobe receivedon9/26/2022 SKYWAYCIRCLE ADAViolations-ExteriorofSuite 3101 APAmericas $24,650.00 TBD JJAC PreconstructionCityRequiresEngineeredCivilDrawings&Water MeterMainVaultInstalled.holdinguppourbackof ramp SkywayWaterMeter Exterior $100,000.00 PrestonPierce PreconstructionDrawingsreceived,waitingforpricingfromGC JUPITERNORTH EnseoTenantInterior Enseo $1,309,200.00 TBD PrestonPierce NotStarted PendingTenantmovement.Tenantplacedproject onholdduetoCOVID19 EnseoExterior Enseo $946,628.00 TBD PrestonPierce NotStarted PendingTenantmovement.Willbegin preconstructiononcetenanthasmovementon Interiorscopeofwork. Suite285-Space2 AussieGrind $71,198.19TBD PreconstructionLeasesexecuted6/21/2022.InDesign Suite285-Space1 KitchenSocial $48,200.00TBD PreconstructionLeasesexecuted8/15/2022 Suite285LLItems 285Tenants $185,000.00TBD PreconstructionHVAC,Electrical,Demise,Plumbing Suite285/288HVAC (3)Spaces $69,165.00DMG PreconstructionCostapproved,waitingonunits-onorder Suite250 GameShowBattle $90,720.00SouthlakeGC Punchlist PunchlistinProcess,tenantoccupying& operational MIDWAYCENTER Suite14460LLWork ValenciaTheaterSeating$35,000.00TBD PreconstructionLLtobuildRRfortenantsuite.Drawingsobtained, waitingontenantapproval. Suite14456 RockaSnapPhotography$56,250.00NextGenConstructionInProgress TenantutilizingNextGenConstructionasGC, Permitreceived9/20/22 Suite14456LLWork RockaSnapPhotography$42,773.39NextGenConstructionInProgress Permitreceived9/20/2022 Suite14442 OvertonJewels $26,543.42RoundTable Complete ProjectCompleted,Tenantobtainedpossession ABC RoofReplacement EastBuilding $151,550.00TommyFisher Complete EastBuildingroofreplaced. SKYWAYCIRCLE ADAViolations-ExteriorofSuite 3101 APAmericas $24,650.00JJAC PreconstructionTemprampinstalleduntilwatermeterworkis completed. SkywayWaterMeter Exterior $54,387.51PrestonPierce PreconstructionPricingapproved,projectinpermitwiththecity. RearRetainingWall Exterior-Back $75,831.21PrestonPierce PreconstructionInpermitwiththecity. JUPITERNORTH EnseoTenantInterior Enseo $1,309,200.00PrestonPierce NotStarted PendingTenantmovement.Tenantplacedproject onholdduetoCOVID19 EnseoExterior Enseo $946,628.00PrestonPierce NotStarted PendingTenantmovement.Willbegin preconstructiononcetenanthasmovementon Interiorscopeofwork. ALPHAPLAZA Suite285-Space2 AussieGrind $71,198.19DevelopInc PreconstructionPendingPermitIssuance Suite285-Space1 KitchenSocial $48,200.00TBD PreconstructionProjectinPermitting,PendingGCSelection Suite285LLItems 285Tenants $185,000.00TBD PreconstructionHVAC,Electrical,Demise,Plumbing Suite285/288HVAC (3)Spaces $69,165.00DMG Complete Costapproved,waitingonunits-onorder Suite250 GameShowBattle $90,720.00SouthlakeGC Complete PunchlistinProcess,tenantoccupying& operational MIDWAYCENTER Suite14460LLWork ValenciaTheaterSeating$35,000.00RoundTable InProgress RoughWorkcompleted,PendingPermit Suite14456 RockaSnapPhotography$56,250.00NextGenConstructionInProgress TenantutilizingNextGenConstructionasGC, Permitreceived9/20/22 Suite14456LLWork RockaSnapPhotography$42,773.39NextGenConstructionInProgress Permitreceived9/20/2022 Suite14462 WallPaperPlace $18,750.00TenantGC Complete ProjectCompleted,TenantOccupy SKYWAYCIRCLE ADAViolations-ExteriorofSuite 3101 APAmericas $24,650.00JJAC PreconstructionTemprampinstalleduntilwatermeterworkis completed. SkywayWaterMeter Exterior $54,387.51PrestonPierce PreconstructionPricingapproved,projectinpermitwiththecity. RearRetainingWall Exterior-Back $75,831.21PrestonPierce PreconstructionInpermitwiththecity. JUPITERNORTH EnseoTenantInterior Enseo $1,309,200.00PrestonPierce NotStarted PendingTenantmovement.Tenantplacedproject onholdduetoCOVID19 EnseoExterior Enseo $946,628.00PrestonPierce NotStarted PendingTenantmovement.Willbegin preconstructiononcetenanthasmovementon Interiorscopeofwork. BENTTREEPLACE Suite220 Workshop $165,000.00PrestonPierce PreconstructionProjectinPermitwithCity,PendingFinalPricing. ConstructionProjectName Tenant Cost GCAssignedToStatus Comments KELLWAY Suite4268 GoodmanPhoto $18,802.00Lonestar Punchlist ProjectCompleted,pendingpunchlist ALPHAPLAZA Suite285-Space2 AussieGrind $71,198.19DevelopInc InProgress ActiveConstruction Suite285-Space1 KitchenSocial $48,200.00DevelopInc InProgress ActiveConstruction Suite285LLItems 285Tenants $185,000.00DevelopInc InProgress HVAC,Electrical,Demise,Plumbing,GreaseTrap Suite285/288HVAC (3)Spaces $69,165.00DMG Complete Costapproved,waitingonunits-onorder MIDWAYCENTER Suite14460LLWork ValenciaTheaterSeating$47,133.57RoundTable Complete WorkCompleted,CofOIssued,Tenanttoinstall flooring Suite14456 RockaSnapPhotography$56,250.00NextGenConstructionPunchlist ProjectComplete,PunchlistInProgress.Tenant Occupy&Operational Suite14456LLWork RockaSnapPhotography$63,427.34NextGenConstructionPunchlist ProjectComplete,PunchlistinProgress.Tenant Occupy&Operational Suite14462 WallPaperPlace $18,750.00TenantGC Complete ProjectCompleted,TenantOccupy SKYWAYCIRCLE ADAViolations-ExteriorofSuite 3101 APAmericas $24,650.00JJAC InProgress PendingDirectionfromCity SkywayWaterMeter Exterior $54,387.51PrestonPierce InProgress PendingDirectionfromCity RearRetainingWall Exterior-Back $75,831.21PrestonPierce PreconstructionPermitobtained,finalizingmobilization JUPITERNORTH EnseoTenantInterior Enseo $1,309,200.00PrestonPierce NotStarted PendingTenantmovement.Tenantplacedproject onholdduetoCOVID19 EnseoExterior Enseo $946,628.00PrestonPierce NotStarted PendingTenantmovement.Willbegin preconstructiononcetenanthasmovementon Interiorscopeofwork. BENTTREEPLACE Suite220 Workshop $165,000.00PrestonPierce InProgress PermitObtained,TenantworkingonV/E&KickOff ofProject 78

Kennington Alpha Center, LLC

Construction Active TI Projects

Project: #285-2 Aussie Grind

GC: TBD

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

TI Allowance: $48,200

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

Kennington Midway Center, LLC

Project: Suite 14456: Rock

a Snap Baby Photography

GC: Nex Gen Construction

Construction SF: 3,750

TI Allowance: $56,250.00

Suite 14456 LL Scope - RR

GC: Nex Gen Construction

Cost: $42,773.39

Total Overall Project SF: 3,750

Cost: $119,677.34

Cost/SF: $31.91

Kennington Midway Center, LLC

Project: Valencia Theater

GC: Round Table

SF: 1,875

Cost: $47,133.57

Cost/SF: $25.14

+44"

Kennington Midway Center, LLC

Project: Wallpaper Place

GC: Tenant GC

SF: 1,875

Cost: $18,750.00

Cost/SF: $10.00

12.75 49.72

DR.SUITE100 1,240WALLACE RSF

Bent Tree Place

Fire Remediation - Building

DR.SUITE100 2,298WALLACE RSF

Fire Remediation

Ceiling Tile Replacement &HVAC Duct Replacement Painting

DR.SUITE110 2,432WALLACE RSF

Fire Remediation

DR.SUITE100 2,298WALLACE RSF

Ceiling Tile Replacement &HVAC Duct Replacement

Painting

Fire Remediation

DR.SUITE110 2,432WALLACE RSF

Fire Remediation

MECH MECH MECH MECH MECH MECH MECH BENTTREEFAMILYPHYSICIANS 6,110RSF SUITE105 MINIMALLYINVASIVE

SUITE180SUITE160 SUITE140 SUITE130 AURORAINSURAN

SUITE125 LIGHTHEADED

FCMORTGAGE

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

1,213RSF

495RSFSUITE120

1,298RSF

MECH MECH MECH MECH MECH MECH MECH

6,110RSF SUITE105

BENTTREEFAMILYPHYSICIANS

MINIMALLYINVASIVE 4,772RSF

SUITE180SUITE160 SUITE140 SUITE130 AURORAINSURAN

LIGHTHEADED

1,213RSF SUITE125

495RSFSUITE120 FCMORTGAGE 1,298RSF

option 2

bold rug and patterns

bench and planter framed moss wall statement wallcovering existing lighting

cushioned

bold colors

Bent Tree Place Lobby Upgrade Design

Suite: 220

Project: Workshop

GC: Preston Pierce

SF: 3,300

Cost: $165,000.00

Cost/SF: $50.00

Bent Tree Place

Bent Tree Place #220

LIBRARY 103 1'-8" 12 4 8-0 1 01 1 + 66 3' 0" 3' 0 3 4 " T V +66 EQ EQ TV 18-3" 3' 6" 5'6" 5'6" 4 6" 6'-0" EQ EQ +42 GFCI 6" 2'-6" +42 4'-4" 3'-0" +42 +42 2'-0" 1'-4" GFCI+66GFCI GFCI EQ EQ 1'-6" 3'-0" 5'-0" EXISTINGPOWERTOBEDEMOLISHED 2'-6" EQ EQ ENTRY 101 OPENWORK 102 OFFICE1 104 OFFICE2 105 OFFICE3 106 CONFERENCE 107 MEETINGROOM108 STORAGE 109 KITCHEN 110 EQ-6 EQ EQ EQ-2 EQ-10 EQ-4 EQ-8 EQ-7 EQ-5 EQ-1 + 9 6 4'-6" 6" +42 EQ-3 E Q E Q 7'-0 4'-8" 6'-6" REFTOMEPFOR SPECIFICATION REFTOMEPFOR SPECIFICATION

Project: Spec Suite 160

SF: 1,984

Target Cost/SF: $50.00

Target Cost: $99,200.00

Status: Preliminary Bids

Bent Tree Place

Bent Tree Place #160

(futureoption)

SPECSUITE160-OPTION1

BENTTREEPLACE

KEYPLAN-1STFLOOR

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

PROPOSEDPLAN

SPACEPLAN#1.0SUITE #160XXXRSF11-30-2022 17110DALLASPARKWAY,DALLASTX75248

*TENANTTOCONFIRMFURNITUREWILLFITWITHIN

*PLANPROVIDEDFORGRAPHICPURPOSESONLY *THEidGROUPHASNOTFIELDVERIFIEDFLOOR *PLANPENDINGCITYAPPROVAL

ExistingWall NewWall PROJECTNO:680-001 DRAWNBY:SO

Project: Spec Suite 215

SF: +/- 2,500

Target Cost/SF: $50.00

Target Cost: $125,000.00

Bent Tree Place

Bent Tree Place #215

ExistingWall NewWall

*ROOMSIZESAREAPPROXIMATE

*APPLIANCESANDEQUIPMENTSHOWNAREFOR

GRAPHICPURPOSESONLY

*TENANTTOCONFIRMFURNITUREWILLFITWITHIN

PROPOSEDPLAN

*PLANPROVIDEDFORGRAPHICPURPOSESONLY

*THEidGROUPHASNOTFIELDVERIFIEDFLOOR

*PLANPENDINGCITYAPPROVAL

BENTTREEPLACE

KEYPLAN-2NDFLOOR

PROJECTNO:680-002 DRAWNBY:KS

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"

BREAK 17'-3"X15'-9"± 17110DALLASPARKWAY,DALLASTX75248

SPECSUITE215

*NOTFORCONSTRUCTION

Status: Preliminary Bids

ASSET MANAGEMENT REPORTS

ADDITIONAL REPORTS

OWNER’S REPORT

JP Morgan Investment Account

Account 4/25/22 6/21/22 10/26/22 1/30/23 Change Investment Grade Corporate Bonds 8,642,652 8,515,437 2,432,700 2,568,713 136,013 Preferred Stocks 4,361,546 Upper Tier High Yield 1,618,004 TOTAL 14,622,202 8,515,437 2,432,700 2,568,713 136,013 Loan Balance 11,870,848 5,802,556 300,000 300,000Equity 2,751,354 2,712,881 2,132,700 2,268,713 136,013 Availability - 1,407,337 1,595,989 1,895,590 299,601 Advance Rate 81.2% 84.7% 77.9% 85.5% 4/25/22 6/21/22 10/26/22 1/30/23 Purchase Yield Purchase Yield Purchase Yield Purchase Yield $'s Investment Grade Corporate Bonds 3.02 3.04 2.70 69,355 Preferred Stocks Upper Tier High Yield Average 3.02 3.04 2.70 69,355 Line of Credit (1.69) (2.55) (4.12) (5.40) (16,200) Annual Arbitrage 0.47 (1.08) (2.70) 53,155 91

OLD BUSINESS ASSET MANAGEMENT REPORTS

OWNER’S REPORT

DECEMBER RECAP

TALKING POINTS AND FEEDBACK FROM DECEMBER BOARD MEETING:

• Explain the makeup of Maintenance Expenses, Property Management Fees, Asset Management Fees, and KFO Expenses

• Update CAM Revenues

• NOI Per Square Foot

• Layer In Capital Items, Principal Amortization, Legal Fees, Etc for Cash Flow Purposes

• Comparison of “Pre-Finch” Revenues vs. 2023 Budgeted Revenues

2023 BUDGETS

OWNER’S REPORT

2022 Actuals 2023 Budget Variance REVENUE RENTAL INCOME Rental Income 8,471,781.47 9,495,272.15 1,023,490.68 [1] Rent Abatement -114,310.92 0.00 114,310.92 Deferred Rent 36,229.03 25,798.50 -10,430.53 Rent - Holdover 3,281.00 0.00 -3,281.00 Admin. Fees 7,200.00 7,200.00 0.00 Termination Fee 20,837.90 0.00 -20,837.90 Prepaid Rent 100,402.44 0.00 -100,402.44 TOTAL RENTAL INCOME 8,525,420.92 9,528,270.65 1,002,849.73 EXPENSE REIMBURSEMENT CAM Estimate 2,787,241.72 3,611,758.39 824,516.67 CAM Reconcile -26,785.99 0.00 26,785.99 Tax Estimate 884.00 0.00 -884.00 Tenant Direct Reimb -299.00 0.00 299.00 Electric Estimate 39,032.66 68,553.12 29,520.46 TOTAL EXPENSE REIMBURSEMENT 2,800,073.39 3,680,311.51 880,238.12 OTHER INCOME Late and NSF Fees 7,783.46 0.00 -7,783.46 Gain/Loss on Sale -4,325.02 0.00 4,325.02 TOTAL OTHER INCOME 3,458.44 0.00 -3,458.44 TOTAL REVENUE 11,328,952.75 13,208,582.16 1,879,629.41 OPERATING EXPENSES REIMBURSABLE EXPENSES INSURANCE Insurance 570,105.84 414,771.72 -155,334.12 [2] TOTAL INSURANCE 570,105.84 414,771.72 -155,334.12 GROUNDS MAINTENANCE Lawn/Landscape 305,147.58 315,721.72 10,574.14 Landscaping Improvements 14,928.22 43,700.00 28,771.78 [3] Tree Trimming 46,687.61 66,705.35 20,017.74 [4] Irrigation Repairs 47,972.45 50,383.97 2,411.52 Snow Removal 19,092.69 28,908.45 9,815.76 [5] Storm Damage 0.00 0.00 0.00 Parking Lot Repairs 1,515.50 23,280.00 21,764.50 [6] Parking Lot Cleaning 13,728.19 10,844.84 -2,883.35 TOTAL GROUND MAINTENANCE 449,072.24 539,544.33 90,472.09 PROPERTY TAXES Taxes 1,507,003.45 1,672,731.08 165,727.63 Property Tax Consulting 60,256.09 49,391.40 -10,864.69

KENNINGTON PROPERTY HOLDINGS 2022 ACTUAL VS 2023 BUDGET

KENNINGTON PROPERTY HOLDINGS 2022 ACTUAL VS 2023 BUDGET

2022 Actuals 2023 Budget Variance

HOA Dues and Assessments 5,070.00 5,385.93 315.93 TOTAL PROPERTY TAXES 1,572,329.54 1,727,508.41 155,178.87 UTILITIES Electricity 86,426.06 123,431.95 37,005.89 Water 307,179.38 256,805.41 -50,373.97 [7] Trash Pick Up 144,120.85 166,579.63 22,458.78 Gas 0.00 0.00 0.00 TOTAL UTILITIES 537,726.29 546,816.99 9,090.70 BUILDING MAINTENANCE Exterior Lighting 33,483.83 45,025.04 11,541.21 General Maintenance 21,741.27 30,728.00 8,986.73 Security 6,644.07 7,874.83 1,230.76 Fire Alarm Systems 31,422.07 36,451.58 5,029.51 Fire Alarm Phone Lines 12,325.41 13,595.15 1,269.74 Porter Services 113,480.60 75,830.32 -37,650.28 Exterior Pest Control 52,059.39 51,686.70 -372.69 Pest Control Services 0.00 0.00 0.00 Janitorial Services 9,584.38 96,448.44 86,864.06 [8] Window Washing 15,707.09 21,133.95 5,426.86 Maintenance Wages 168,538.08 178,194.17 9,656.09 Elevator Contract 779.15 3,506.88 2,727.73 Misc. Repairs - Bldgs 2,784.42 20,200.00 17,415.58 Roof Repairs 2,408.57 6,080.00 3,671.43 HVAC Repairs 4,917.21 42,000.00 37,082.79 [9] Plumbing Repairs 11,825.66 38,630.45 26,804.79 [9] Electrical Repairs 8,394.80 40,960.65 32,565.85 [9] Maint. Supplies 19,845.53 16,856.47 -2,989.06 TOTAL BUILDING MAINTENANCE 515,941.53 725,202.63 209,261.10 96

KENNINGTON PROPERTY HOLDINGS 2022 ACTUAL VS 2023 BUDGET

2022 Actuals 2023 Budget Variance

MANAGEMENT FEES Management Fees 432,847.77 503,325.08 70,477.31 Administrative Fees 4,681.81 0.00 -4,681.81 Management Wages 342,661.19 342,041.40 -619.79 Administrative Wages 184,388.28 272,457.84 88,069.56 TOTAL MANAGEMENT FEES 964,579.05 1,117,824.32 153,245.27 TOTAL REIMBURSABLE EXPENSES 4,609,754.49 5,071,668.40 461,913.91 NET OPERATING INCOME 6,719,198.26 8,136,913.76 1,417,715.50 NET OPERATING INCOME PER SQUARE FOOT 7.52 $ 9.11 $ 1.59 $ NON-REIMBURSABLE EXPENSES NON-CAM ADMIN EXPENSE Office Expense - Misc. -0.18 0.00 0.18 Marketing Expense 68,623.56 63,642.44 -4,981.12 Bank Charges 591.67 955.40 363.73 Administrative Wages - Non CAM 90,410.14 0.00 -90,410.14 [10] Office Supplies 38,766.04 40,374.76 1,608.72 Computer Software 79,449.48 76,157.16 -3,292.32 Dues and Subscriptions 14,408.57 11,715.32 -2,693.25 Rent Expense 85,183.90 87,461.80 2,277.90 TOTAL NON-CAM ADMIN EXPENSE 377,433.18 280,306.88 -97,126.30 NON-CAM BUILDING EXPENSE Makeready Repairs -992.71 8,965.32 9,958.03 Makeready Cleaning 2,897.86 360.00 -2,537.86 Makeready Expense 4,941.36 5,639.33 697.97 Locksmith Services 20,021.73 5,725.65 -14,296.08 [11] Maintenance Vehicle 0.00 6,055.44 6,055.44 Vacancy Cleaning Non-Cam 2,117.44 1,069.56 -1,047.88 HVAC Repairs Non-Cam 14,942.97 31,422.88 16,479.91 Plumbing Repair Non-Cam 27,895.21 26,252.84 -1,642.37 TOTAL NON-CAM BUILDING EXPENSE 71,823.86 85,491.02 13,667.16 NON-CAM UTILITIES Vacancy Electricity Non-Cam 63,535.92 50,176.51 -13,359.41 Vacancy Gas Non-Cam 15,857.06 24,614.95 8,757.89 TOTAL NON-CAM UTILITIES 79,392.98 74,791.46 -4,601.52 TOTAL NON-REIMBURSABLE EXPENSES 528,650.02 440,589.36 -88,060.66 TOTAL OPERATING EXPENSES 5,138,404.51 5,512,257.76 373,853.25 NET INCOME BEFORE OWNER AND DEBT EXPENSE 6,190,548.24 7,696,324.40 1,505,776.16 97

KENNINGTON PROPERTY HOLDINGS 2022 ACTUAL VS 2023 BUDGET

[1] Increasing Rates, Newer assets for a full year (Bent Tree and Waters Ridge)

[2] Paid 1st of four (4) installments in 4Q 2022. 2022 Inc Nov/Dec 2021 pmt of $96k

[3] Conservative budgeting

[4] Under in 2022, anticipate more tree trimming in 2023

[5] Little in 2022 but over $80k in 2021 for storm damage and snow removal

[6] Not all 2022 repairs completed/pursued, anticipated in 2023

[7] 2022 was high, 2023 more in line with 2021 budget + portfolio growth

[8] Majority of variance is at Bent Tree Place, will ultimately increase our reimbursements from that building.

2022 Actuals 2023 Budget Variance

OWNER EXPENSES Franchise Tax 192,004.90 50,000.00 -142,004.90 Asset Management Fee 108,211.96 125,831.47 17,619.51 Legal Fees 66,584.58 0.00 -66,584.58 [12] Accounting 61,444.13 109,412.64 47,968.51 Consulting Fees 261,755.07 273,099.84 11,344.77 Meals 3,050.45 3,084.84 34.39 K.F. Overhead 61,798.38 120,099.96 58,301.58 K.F. Trip 0.00 0.00 0.00 TOTAL OWNER EXPENSES 754,849.47 681,528.75 -73,320.72 DEBT EXPENSE Interest Expense 1,887,684.04 2,131,263.11 243,579.07 [13] TOTAL DEBT EXPENSE 1,887,684.04 2,131,263.11 243,579.07 NET INCOME 3,548,014.73 4,883,532.54 1,335,517.81 ADJUSTMENTS TO CASH FLOW Buildings (2,029,600.00) (1,175,342.39) 854,257.61 Tenant Improvements (1,294,208.44) (812,685.76) 481,522.68 Landscape Improvements (528,944.37) (47,500.00) 481,444.37 Loan Closing Costs (280,035.13) (50,000.00) 230,035.13 Legal Fees (69,365.55) (52,000.00) 17,365.55 Lease Commissions (615,749.56) (393,494.40) 222,255.16 Mortgage Principal (1,084,744.00) (1,324,810.54) -240,066.54 Security Deposits 185,577.25 125,000.00 -60,577.25 Capital Distributions (8,327,787.83) (1,492,549.44) 6,835,238.39 Bent Tree TI/LC Escrow 0.00 800,657.00 800,657.00 Cash Invested (3,840,836.00) 0.00 3,840,836.00 Investments/Marketable Securities 345,262.00 0.00 -345,262.00 Refinancing Proceeds 7,824,889.00 1,350,000.00 -6,474,889.00 TOTAL ADJUSTMENTS (9,715,542.63) (3,072,725.53) 6,642,817.10 NET CASH FLOW (6,167,527.90) 1,810,807.01 7,978,334.91

KENNINGTON PROPERTY HOLDINGS 2022 ACTUAL VS 2023 BUDGET

[9] Conservative Repair budgeting

[10] Moved to Reimburseable Expense for 2023.

[11] Repairs and replacements at Bent Tree Place in 2022 was $15k

[12] Moved to Balance Sheet and amortized, related to leasing

[13] Full year @ Waters Ridge and Tollway and CCC Re-Fi

2022 Actuals 2023 Budget Variance

PROJECT FINCH CLOSING DINNER

DETAILS TO NAIL DOWN:

• DATE

• TIME

• GUESTS

• LOCATION

100

NEW BUSINESS ASSET MANAGEMENT REPORTS

OWNER’S REPORT

101

NNN PORTFOLIO PERCENTAGE ANALYSIS

JANUARY 2023

KENNINGTON PROPERTY HOLDINGS

# Building Occupied Building Square Footage Percentage Occupied % NNN % Modified Gross % Plus E Total 27 Alpha Plaza 62,566.00 95% 96% 4% - 100% 30 Midway Centre 46,064.00 75% 96% 4% - 100% 35 Campbell Creative Center 81,105.00 87% 92% 8% - 100% 37 Placid 59,280.00 89% 100% - - 100% 44 Research 159,958.00 100% 100% - - 100% 46 Valley View 43,740.00 100% 66% 34% - 100% 49 Alpha Business Center 50,109.00 100% 66% 34% - 100% 50 Skyway Circle 62,028.00 100% 100% - - 100% 51 Jupiter Center North 43,680.00 100% 100% - - 100% 52 Jupiter Center South 82,805.00 100% 100% - - 100% 53 Waters Ridge Tech 2 33,346.00 100% 100% - - 100% 54 Waters Ridge Tech 3 59,630.00 71% 100% - - 100% 55 Bent Tree Place 46,561.00 84% 5% - 95% 100% TOTAL PORTFOLIO SF 830,872.00 744,379.33 42,390.09 44,102.58 830,872.00 TOTAL PORTFOLIO % 100% 90% 5% 5% 100%

102

Capitalized Fees Examples

OWNER’S REPORT SEE HANDOUT NEW BUSINESS

PRIMERA

103

1. Data as of July 31, 2018 gross of taxes, fees & other expenses at close of 10-year fund; 2. Data includes Q3 + Subsequent Events, as of October 31, 2022. Estimated FMV of Warrants on an as exercised, as converted basis net of warrant cost basis (strike price * shares) including realized returns. 3. As of Q3 Fund I yielded the same net and gross returns: Fund II tracked 2.5x, 31% IRR Net and 3.5x, 43% IRR and Fund III tr acked at 1.3x, 38% IRR Net and 1.7x, 75% IRR gross Moderne Ventures invests in technologycompanies in and around real estate, finance, insurance and home services -multi-trillion dollar industries ripe for innovation On all Funds1 Top Tier Returns AUM $450M+ Companies 135 Unicorns 8 Moderne's unique platform connects 700+ industry executives with innovative technology companies–Moderne Ventures portfolio companies–to establish new business partnerships and create synergistic value for the industry, resulting in top tier performance and <1% loss ratio for the Fund A Differentiated Approach A Proven Strategy – With Top Tier Fund Performance Loss Ratio <1% Industry immersion program systematically connects our investments to Moderne Network 700+ corporations and industry executives are our portfolio customers, advisors, fund investors Our Core Funds primarily invest in technology companies with $2-20M in revenue 104

2022 Moderne Ventures Investment Opportunities

Core Fund III

Opportunity Fund

Target Fund Size

Investment Targets

Underwriting Targets

Management Fee

Term

Allocation of Profits

Moderne Contact

$250M target/ $300M cap $100M Closed/Committed

15 -20 investment primarily targeting companies with $2-20M in revenue

6 -10x MOIC returns and clear path to 30%+ IRR

2.5% of Committed Capital, per annum, for fund operations

Decreased by 0.25% annually after 5-year investment period

$200M+ target $40M Signed/Committed

7 - 9 of MV portfolios’ highest potential companies across funds, after their respective fund allocations have been maxed out

3 - 5x MOIC returns; 30%+ IRR

1.25% of Contributed Capital, per annum, for fund operations

Decreased to 1.0% after 5-year investment period

10 years with two 1 -year extension options

Traditional Venture Carry Split:

• 100% of contributed capital first returned to Investors;

• 80/20 profit split: 80% to Investors, 20% to Management

Becca@ModerneVentures.com

Moderne’s diverse team brings decades of venture investing, operating, and industry experience to the Fund

Liza Benson Partner

Rohan Verma Principal

Paige Pitcher Head of Partnerships

Lindsay Hyde EIR

BS Harvard Business School, MBA

20+ Yrs. Venture Investing & Inv. Banking Colgate University, BS

10+ Yrs. Venture Investing, M&A, & Consulting Georgia Inst. Of Tech., BS The Wharton School, MBA

10+ Yrs. in Development & Affordable Housing University of Utah, BA MIT, MS

15+ Yrs. Founder, CEO, Venture Partner Harvard University, BA Harvard Business School, MBA

Sam Delisi Operating Partner

40+ Yrs. Commercial RE & Property Management DePaul University, BA

Theo Lim Senior Associate

10+ Yrs. Venture Capital & Investment Banking Elon University, BSBA Kellogg University, MBA

7 Yrs. RE Project Management and Consulting Stanford University, BSE Chicago Booth, MBA

Becca Topper Partnerships Director

5 Yrs. Investor Relations & Wealth Management Duke University, BA

Carolyn Kwon Passport Director

6 Yrs. Management Consulting, Media & Digital Strategy Tufts University, BA

Lila Trickle Chief of Staff

17 Yrs. Communications & Marketing Columbia College Chicago, BA

MANAGEMENT TEAM___________ 401 N Michigan Ave, Suite 1900, Chicago, IL 60611

917-612-0879 Becca Topper Director of Partnerships //

Freedman Founder & Managing Partner 20+ Yrs. Venture Investing, Operating & RE Boston University,

Constance

Dylan Ketcham Vice President

105

OWNER’S REPORT

23, 2023

NEXT MEETING THURSDAY, FEBRUARY

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