KPH Board Meeting - May 2023 by thirty-four

KENNINGTON PROPERTY HOLDINGS

MAY

OWNER’S REPORT

2023 1

KENNINGTON PROPERTY HOLDINGS LTD.

BOARD MEETING AGENDA

May 25, 2023

Review of Minutes

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

1. Income Statement

2. Balance Sheet

3. Budget Comparison Report

4. Accounts Receivable Aging Report

5. General Ledger

6. Bank Reconciliation

7. Rent Roll

8. Management Fee Calculation

ASSET MANAGEMENT REPORTS

1. KPH Cash Flow Summary

2. Cash Flow Projections Summary

3. Leasing Reports

Bradford RETAIL

Bradford FLEX

Bradford RPW (Richardson/Plano/Waters Ridge)

Thirty-Four Commercial

4. Construction/Tenant Improvements

Bent Tree Place – Fire damage, Exterior Renderings & Vacancies

5. Additional Reports Litigation – N/A

JPMorgan Investment Summary

6. Old Business

Midway Center/Valley View Debt Update

7. New Business

CMBS Roll Analysis

Next Meeting – Thursday, June 22, 2023

Adjournment

OWNER’S REPORT

KPH - MAY 2023 APPROVAL OF APRIL 2023 MINUTES 3

Board Meeting Minutes

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

OWNER’S REPORT

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

INCOME STATEMENT

OWNER’S REPORT

Kennington Property Holdings Income Statement

Period to Date Year to Date REVENUE RENTAL INCOME Rental Income792,728.663,149,258.08 Rent Abatement-11,924.55-42,754.50 Deferred Rent1,146.979,103.06 Rent - Holdover2,935.122,935.12 Admin. Fees600.002,400.00 TOTAL RENTAL INCOME785,486.203,120,941.76 EXPENSE REIMBURSEMENT Utility Water0.00-1,124.87 CAM Estimate260,470.451,040,008.24 CAM Reconcile82,817.5382,817.53 Tax Estimate221.00884.00 Electric Estimate3,877.8219,475.70 TOTAL EXPENSE REIMBURSEMENT347,386.801,142,060.60 OTHER INCOME Late and NSF Fees188.73188.73 TOTAL OTHER INCOME188.73188.73 TOTAL REVENUE1,133,061.73 4,263,191.09 OPERATING EXPENSES REIMBURSABLE EXPENSES INSURANCE Insurance0.00103,686.07 TOTAL INSURANCE0.00103,686.07 GROUNDS MAINTENANCE Lawn/Landscape30,468.46117,349.74 Landscaping Improvements0.001,664.34 Irrigation Repairs6,231.1612,505.10 Parking Lot Cleaning752.343,480.24 TOTAL GROUND MAINTENANCE37,451.96134,999.42 PROPERTY TAXES Taxes0.00-3,004.26 Property Tax Consulting0.0049,313.73 TOTAL PROPERTY TAXES0.0046,309.47

= Apr 2023 Page 1 of 3 6

Period

Kennington Property Holdings Income Statement

Period to Date Year to Date

Period = Apr 2023 UTILITIES Electricity3,073.5851,471.71 Water21,443.7377,174.67 Trash Pick Up4,007.7350,350.18 Garbage and Recycling0.00691.34 TOTAL UTILITIES28,525.04179,687.90 BUILDING MAINTENANCE Exterior Lighting6,090.1622,848.32 General Maintenance284.162,725.42 Utility Bill Back1,332.651,332.65 Security-R&M1,629.161,629.16 Security2,230.213,862.87 Fire Alarm Systems3,285.9617,827.08 Fire Alarm Phone Lines487.457,563.06 Porter Services5,532.0527,084.98 Exterior Pest Control4,010.6716,865.37 Pest Control Services0.001,001.33 Janitorial Services7,656.4930,565.34 Window Washing0.007,193.22 Signage846.85846.85 Maintenance Wages18,951.8875,807.54 Elevator Contract155.83759.73 Misc. Repairs - Bldgs309.77558.75 Roof Repairs0.00920.13 Plumbing Repairs0.001,976.54 Electrical Repairs744.76744.76 Maint. Supplies1,558.696,107.56 TOTAL BUILDING MAINTENANCE55,106.74228,220.66 MANAGEMENT FEES Management Fees41,361.26164,313.66 Management Wages50,381.34120,680.87 Administrative Wages23,748.86119,451.13 TOTAL MANAGEMENT FEES115,491.46404,445.66 TOTAL REIMBURSABLE EXPENSES236,575.201,097,349.18 NON-REIMBURSABLE EXPENSES NON-CAM ADMIN EXPENSE Marketing Expense7,119.9119,085.59 Page 2 of 3 7

Kennington Property Holdings Income Statement

Period to Date Year to Date

Period = Apr 2023 Bank Charges 81.60 315.98 Office Supplies 1,581.58 6,814.43 Computer Software 5,060.56 29,764.78 Dues and Subscriptions 2,641.34 13,486.69 Rent Expense 13,937.80 35,056.33 Misc. Office Expense 0.00 1,234.05 TOTAL NON-CAM ADMIN EXPENSE 30,422.79 105,757.85 NON-CAM BUILDING EXPENSE Makeready Repairs 0.00 21.65 Makeready Expense 254.93 287.41 Locksmith Services -130.97 729.10 Maintenance Vehicle 1,112.21 5,664.74 Vacancy Cleaning Non-Cam 0.00 290.12 Vacancy R&M 167.79 438.42 HVAC Repairs Non-Cam 4,293.02 2,969.66 Plumbing Repair Non-Cam -649.50 1,821.46 TOTAL NON-CAM BUILDING EXPENSE 5,047.48 12,222.56 NON-CAM UTILITIES Vacancy Electricity Non-Cam 7,304.64 7,304.64 Vacancy Gas Non-Cam 259.18 10,458.35 TOTAL NON-CAM UTILITIES 7,563.82 17,762.99 TOTAL NON-REIMBURSABLE EXPENSES 43,034.09 135,743.40 TOTAL OPERATING EXPENSES 279,609.29 1,233,092.58 NET OPERATING INCOME 853,452.44 3,030,098.51 OWNER EXPENSES Asset Management Fee 10,340.33 41,078.43 Accounting 3,233.09 17,821.68 Consulting Fees 10,869.38 88,898.76 K.F. Overhead 7,388.70 23,222.65 TOTAL OWNER EXPENSES 31,831.50 171,021.52 DEBT EXPENSE Interest Expense 188,480.33 754,172.58 TOTAL DEBT EXPENSE 188,480.33 754,172.58 NET INCOME BEFORE AMORT AND DEPR EXPENS 633,140.61 2,104,904.41 NET INCOME 633,140.61 2,104,904.41 Page 3 of 3 8

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

BALANCE SHEET

OWNER’S REPORT

Kennington Property Holdings Balance Sheet

Current Balance ASSETS CASH Cash - Chase Savings301,633.75 Cash - Chase Operating707,918.29 Cash - Vantage Bank (51)100.00 TOTAL CASH1,009,652.04 ACCOUNTS RECEIVABLE Accounts Receivable182.12 Due to/from-112,175.96 TOTAL ACCOUNTS RECEIVABLE-111,993.84 PROPERTY Land6,452,597.99 Buildings78,493,861.44 Tenant Improvements8,886,846.49 Landscape Improvements982,167.63 TOTAL PROPERTY94,815,473.55 INTANGIBLE ASSETS Mortgage Escrow10,000.00 Mortgage Escrow - Alpha Plaza250,000.00 Tax Escrow - Tollway80,389.65 CapEx Escrow500,000.00 Utility Deposit - Skyway1,800.00 Loan Closing Cost1,243,642.82 Loan Fees236,704.75 Legal Closing Cost138,005.25 Legal Fees107,994.26 Loan Origination Fee76,888.72 Capitalized Commissions3,269,369.43 TOTAL INTANGIBLE ASSETS5,914,794.88 ACCUMULATED AMORTIZATION and DEPRECIATION Accum Amortization 25,074,009.00 TOTAL ACCUMULATED AMORTIZATION and DEP -25,074,009.00 OTHER ASSETS Marketable Securities XX90082,460,447.26 Due Diligence Costs8,811.55 Deferred 1031 Asset167,166.98 TOTAL OTHER ASSETS2,636,425.79

Period = Apr 2023 Page 1 of 3 10

Kennington Property Holdings Balance Sheet

Current Balance

Period = Apr 2023 TOTAL ASSETS 79,190,343.42 LIABILITIES AND EQUITY LIABILITIES NOTES MORTGAGE NOTES PAYABLES Mortgage Payable - Alpha Plaza 3,929,844.47 Mortgage Payable - Campbell 6,461,560.33 Mortgage Payable - Placid 2,833,624.86 Mortgage Payable - Research Center 8,801,940.60 Mortgage Payable - Valley View Center 1 2 3 2,082,595.99 Mortgage Payable - ABC 4,680,145.02 Mortgage Payable - Skyway 3,343,391.72 Mortgage Payable - Jupiter North 1,968,637.05 Mortgage Payable - Jupiter South 5,434,766.40 Mortgage Payable - Waters Ridge Tech II 3,334,103.03 Mortgage Payable - Waters Ridge Tech III 7,507,580.90 Mortgage Payable - Tollway 3,850,000.00 TOTAL MORTGAGE NOTES PAYABLES 54,228,190.37 LINE OF CREDIT Line of credit - JP Morgan Chase 300,000.00 TOTAL LINE OF CREDIT 300,000.00 TOTAL NOTES 54,528,190.37 ACCOUNTS PAYABLE Accounts Payable 329,876.40 Prepaid Rent -45,794.51 Insurance Proceeds 187,844.70 Insurance Proceeds - Campbell 39,914.36 TOTAL ACCOUNTS PAYABLE 511,840.95 OTHER LIABILITIES Security Deposits 774,406.88 Deferred 1031 Gain 10,964,473.62 TOTAL OTHER LIABILITIES 11,738,880.50 TOTAL LIABILITIES 66,778,911.82 EQUITY Page 2 of 3 11

Kennington Property Holdings Balance Sheet

Current Balance

Period = Apr 2023 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 -8,357,594.76 Capital Distributions - Clark Kennington CCC Trust -8,357,594.76 Capital Distributions - Clayton Kennington CCC Trust -8,357,594.76 Capital Distributions - The Dallas Foundation -931,366.96 TOTAL OWNER DRAW -26,004,151.24 Retained Earnings 34,459,109.73 Prior Years Retained Earnings -5,318,227.99 TOTAL EQUITY 12,411,431.60 TOTAL LIABILITIES AND EQUITY 79,190,343.42 Page 3 of 3 12

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

BUDGET COMPARISON REPORT

OWNER’S REPORT

Kennington Property Holdings Budget Comparison (with PTD)

MTD Actual MTD Budget Variance PTD Actual PTD Budget Variance REVENUE RENTAL INCOME Rental Income 792,728.66 767,042.81 25,685.853,149,258.083,095,884.22 53,373.86 Rent Abatement -11,924.55 0.00 -11,924.55 -42,754.50 0.00 -42,754.50 Deferred Rent 1,146.97 1,982.49 -835.52 9,103.06 9,938.58 -835.52 Rent - Holdover 2,935.12 0.00 2,935.12 2,935.12 0.00 2,935.12 Admin. Fees 600.00 600.00 0.00 2,400.00 2,400.00 0.00 TOTAL RENTAL INCOME 785,486.20 769,625.30 15,860.903,120,941.763,108,222.80 12,718.96 EXPENSE REIMBURSEMENT Utility Water 0.00 0.00 0.00 -1,124.87 0.00 -1,124.87 CAM Estimate 260,470.45 301,424.31 -40,953.861,040,008.241,200,363.99 -160,355.75 CAM Reconcile 82,817.53 0.00 82,817.53 82,817.53 0.00 82,817.53 Tax Estimate 221.00 0.00 221.00 884.00 0.00 884.00 Electric Estimate 3,877.82 5,778.69 -1,900.87 19,475.70 22,323.60 -2,847.90 TOTAL EXPENSE REIMBURSEMENT 347,386.80 307,203.00 40,183.801,142,060.601,222,687.59 -80,626.99 OTHER INCOME Late and NSF Fees 188.73 0.00 188.73 188.73 0.00 188.73 TOTAL OTHER INCOME 188.73 0.00 188.73 188.73 0.00 188.73 TOTAL REVENUE 1,133,061.731,076,828.30 56,233.434,263,191.094,330,910.39-67,719.30 OPERATING EXPENSES REIMBURSABLE EXPENSES INSURANCE Insurance 0.00 103,692.93 103,692.93 103,686.07 207,385.86 103,699.79 TOTAL INSURANCE 0.00 103,692.93 103,692.93 103,686.07 207,385.86 103,699.79 GROUNDS MAINTENANCE Lawn/Landscape 30,468.46 28,568.75 -1,899.71 117,349.74 104,526.01 -12,823.73 Landscaping Improvements 0.00 1,100.00 1,100.00 1,664.34 13,250.00 11,585.66 Tree Trimming 0.00 2,000.00 2,000.00 0.00 34,800.00 34,800.00 Irrigation Repairs 6,231.16 2,628.79 -3,602.37 12,505.10 16,880.65 4,375.55 Snow Removal 0.00 1,500.00 1,500.00 0.00 20,608.45 20,608.45 Parking Lot Repairs 0.00 7,590.00 7,590.00 0.00 9,360.00 9,360.00 Parking Lot Cleaning 752.34 912.30 159.96 3,480.24 3,719.60 239.36 TOTAL GROUND MAINTENANCE 37,451.96 44,299.84 6,847.88 134,999.42 203,144.71 68,145.29 PROPERTY TAXES Taxes 0.00 0.00 0.00 -3,004.26 0.00 3,004.26 Property Tax Consulting 0.00 0.00 0.00 49,313.73 0.00 -49,313.73 TOTAL PROPERTY TAXES 0.00 0.00 0.00 46,309.47 0.00 -46,309.47 UTILITIES Electricity 3,073.58 10,370.08 7,296.50 51,471.71 41,652.90 -9,818.81 Water 21,443.73 22,512.28 1,068.55 77,174.67 82,778.43 5,603.76 Trash Pick Up 4,007.73 7,564.31 3,556.58 50,350.18 51,363.70 1,013.52 Garbage and Recycling 0.00 0.00 0.00 691.34 0.00 -691.34 TOTAL UTILITIES 28,525.04 40,446.67 11,921.63 179,687.90 175,795.03 -3,892.87 BUILDING MAINTENANCE Exterior Lighting 6,090.16 3,776.06 -2,314.10 22,848.32 14,063.96 -8,784.36 General Maintenance 284.16 2,440.00 2,155.84 2,725.42 9,760.00 7,034.58 Utility Bill Back 1,332.65 0.00 -1,332.65 1,332.65 0.00 -1,332.65 Security-R&M 1,629.16 0.00 -1,629.16 1,629.16 0.00 -1,629.16 Security 2,230.21 334.62 -1,895.59 3,862.87 2,604.94 -1,257.93 Fire Alarm Systems 3,285.96 2,081.76 -1,204.20 17,827.08 18,774.12 947.04 Fire Alarm Phone Lines 487.45 1,058.39 570.94 7,563.06 5,111.39 -2,451.67 Porter Services 5,532.05 6,231.22 699.17 27,084.98 25,980.32 -1,104.66 Exterior Pest Control 4,010.67 4,090.56 79.89 16,865.37 17,098.34 232.97 Pest Control Services 0.00 0.00 0.00 1,001.33 0.00 -1,001.33 Janitorial Services 7,656.49 8,037.37 380.88 30,565.34 32,149.48 1,584.14 Window Washing 0.00 1,065.62 1,065.62 7,193.22 10,307.79 3,114.57

Period = Jan 2023-Apr 2023 Page 1 of 2 14

Kennington Property Holdings Budget Comparison (with PTD)

MTD Actual MTD Budget Variance PTD Actual PTD Budget Variance

Period = Jan 2023-Apr 2023 Signage 846.85 0.00 -846.85 846.85 0.00 -846.85 Maintenance Wages 18,951.88 15,174.03 -3,777.85 75,807.54 61,454.65 -14,352.89 Elevator Contract 155.83 292.24 136.41 759.73 1,168.96 409.23 Misc. Repairs - Bldgs 309.77 1,600.00 1,290.23 558.75 6,900.00 6,341.25 Roof Repairs 0.00 90.00 90.00 920.13 2,360.00 1,439.87 HVAC Repairs 0.00 4,500.00 4,500.00 0.00 14,250.00 14,250.00 Plumbing Repairs 0.00 2,138.00 2,138.00 1,976.54 14,406.45 12,429.91 Electrical Repairs 744.76 3,248.00 2,503.24 744.76 14,206.45 13,461.69 Maint. Supplies 1,558.69 1,178.40 -380.29 6,107.56 4,570.17 -1,537.39 TOTAL BUILDING MAINTENANCE 55,106.74 57,336.27 2,229.53 228,220.66 255,167.02 26,946.36 MANAGEMENT FEES Management Fees 41,361.26 40,836.10 -525.16 164,313.66 164,225.56 -88.10 Management Wages 50,381.34 29,250.65 -21,130.69 120,680.87 121,398.55 717.68 Administrative Wages 23,748.86 18,968.09 -4,780.77 119,451.13 95,540.03 -23,911.10 TOTAL MANAGEMENT FEES 115,491.46 89,054.84 -26,436.62 404,445.66 381,164.14 -23,281.52 TOTAL REIMBURSABLE EXPENSES 236,575.20334,830.55 98,255.351,097,349.181,222,656.76125,307.58 NON-REIMBURSABLE EXPENSES NON-CAM ADMIN EXPENSE Marketing Expense 7,119.91 5,582.24 -1,537.67 19,085.59 30,104.10 11,018.51 Bank Charges 81.60 78.15 -3.45 315.98 312.60 -3.38 Office Supplies 1,581.58 8,192.65 6,611.07 6,814.43 18,869.84 12,055.41 Computer Software 5,060.56 3,633.93 -1,426.63 29,764.78 14,535.72 -15,229.06 Dues and Subscriptions 2,641.34 0.00 -2,641.34 13,486.69 11,707.96 -1,778.73 Rent Expense 13,937.80 7,225.18 -6,712.62 35,056.33 31,408.85 -3,647.48 Misc. Office Expense 0.00 0.00 0.00 1,234.05 0.00 -1,234.05 TOTAL NON-CAM ADMIN EXPENSE 30,422.79 24,712.15 -5,710.64 105,757.85 106,939.07 1,181.22 NON-CAM BUILDING EXPENSE Makeready Repairs 0.00 747.11 747.11 21.65 2,988.44 2,966.79 Makeready Cleaning 0.00 30.00 30.00 0.00 120.00 120.00 Makeready Expense 254.93 912.34 657.41 287.41 2,997.39 2,709.98 Locksmith Services -130.97 410.00 540.97 729.10 1,834.85 1,105.75 Maintenance Vehicle 1,112.21 419.46 -692.75 5,664.74 1,677.84 -3,986.90 Vacancy Cleaning Non-Cam 0.00 89.13 89.13 290.12 356.52 66.40 Vacancy R&M 167.79 0.00 -167.79 438.42 0.00 -438.42 HVAC Repairs Non-Cam 4,293.02 2,083.00 -2,210.02 2,969.66 8,332.00 5,362.34 Plumbing Repair Non-Cam -649.50 0.00 649.50 1,821.46 6,705.78 4,884.32 TOTAL NON-CAM BUILDING EXPENSE 5,047.48 4,691.04 -356.44 12,222.56 25,012.82 12,790.26 NON-CAM UTILITIES Vacancy Electricity Non-Cam 7,304.64 6,251.33 -1,053.31 7,304.64 19,503.63 12,198.99 Vacancy Gas Non-Cam 259.18 1,177.15 917.97 10,458.35 12,327.68 1,869.33 TOTAL NON-CAM UTILITIES 7,563.82 7,428.48 -135.34 17,762.99 31,831.31 14,068.32 TOTAL NON-REIMBURSABLE EXPENSES 43,034.09 36,831.67 -6,202.42135,743.40163,783.20 28,039.80 TOTAL OPERATING EXPENSES 279,609.29371,662.22 92,052.931,233,092.581,386,439.96153,347.38 NET OPERATING INCOME 853,452.44705,166.08148,286.363,030,098.512,944,470.43 85,628.08 OWNER EXPENSES Asset Management Fee 10,340.33 10,209.05 -131.28 41,078.43 41,056.46 -21.97 Accounting 3,233.09 9,117.72 5,884.63 17,821.68 36,470.88 18,649.20 Consulting Fees 10,869.38 22,758.32 11,888.94 88,898.76 91,033.28 2,134.52 Meals 0.00 257.07 257.07 0.00 1,028.28 1,028.28 K.F. Overhead 7,388.70 10,008.33 2,619.63 23,222.65 40,033.32 16,810.67 TOTAL OWNER EXPENSES 31,831.50 52,350.49 20,518.99 171,021.52 209,622.22 38,600.70 DEBT EXPENSE Interest Expense 188,480.33 178,360.87 -10,119.46 754,172.58 715,090.76 -39,081.82 TOTAL DEBT EXPENSE 188,480.33 178,360.87 -10,119.46 754,172.58 715,090.76 -39,081.82 NET INCOME BEFORE AMORT AND DEPR EXPENS 633,140.61474,454.72158,685.892,104,904.412,019,757.45 85,146.96 NET INCOME 633,140.61474,454.72158,685.892,104,904.412,019,757.45 85,146.96 Page 2 of 2 15

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

ACCOUNTS RECEIVABLE AGING REPORT

OWNER’S REPORT

Aged Receivable

Property Current 0-30 31-60 61-90 Over Pre- Total Owed Owed Owed Owed 90 Owed Payments Owed 027 - Alpha Plaza 16,605.44 20,498.77 -1,457.33 -2,436.00 0.00 -7,550.77 9,054.67 030 - Midway Center 31,172.95 29,332.95 0.00 0.00 1,840.00 -4,926.23 26,246.72 035 - Campbell 1 16.24 16.24 0.00 0.00 0.00 -59,410.49 -59,394.25 037 - Placid 4,139.62 4,139.62 0.00 0.00 0.00 -11,096.25 -6,956.63 044 - Research Center 20,331.39 20,331.39 0.00 0.00 0.00 -7,852.57 12,478.82 046 - Valley View Commerce Center 19,933.03 19,933.03 0.00 0.00 0.00 -9,981.00 9,952.03 049 - Alpha Business Center 4,347.18 4,347.18 0.00 0.00 0.00 -16,104.62 -11,757.44 050 - Skyway Circle 27,535.27 27,535.27 0.00 0.00 0.00 -16,344.52 11,190.75 052 - Jupiter Center South 0.00 0.00 0.00 0.00 0.00 -54,563.85 -54,563.85 053 - Waters Ridge Tech 2 0.00 0.00 0.00 0.00 0.00 -66,221.35 -66,221.35 054 - Waters Ridge Tech 3 18,078.75 18,078.75 0.00 0.00 0.00 -23,854.26 -5,775.51 055 - Tollway -5,108.44 -4,452.62 -655.82 0.00 0.00 -11,566.19 -16,674.63 Grand Total 137,051.43 139,760.58 -2,113.15 -2,436.00 1,840.00 -289,472.10 -152,420.67

DB Caption: live Property: .kphfees Status: Current Age As Of: 04/30/2023 Post To: 04/2023 Summary By: Property UserId : steve@kenningtoncommercial.com Date : 5/24/2023 Time : 10:17 AM Page 1 of 1 17

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

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

BANK

RECONCILIATION

- Operating 5/1/2023

KPH

Posted by: sdobbs on 5/1/2023 25

Balance Per Bank Statement as of 4/30/2023 17,515.17 Outstanding Checks Check Date Check Number Payee Amount 4/5/2023 339 v0000020 - Simpson Landscape Maintenance, Inc. 1,000.00 4/27/2023 350 rod02 - Rodney Ragan 81.73 4/27/2023 351 v0000020 - Simpson Landscape Maintenance, Inc. 1,000.00 4/27/2023 353 v0000031 - City of Dallas 1,432.55 4/27/2023 354 v0000163 - Securitas Security Services USA Inc. 2,784.73 4/27/2023 355 yar01 - Yardi Systems, Inc. 33.74 Less: Outstanding Checks 6,332.75 Reconciled Bank Balance 11,182.42 Balance per GL as of 4/30/2023 11,182.42 Reconciled Balance Per G/L 11,182.42 Difference (Reconciled Bank Balance And Reconciled Balance Per G/L) 0.00 1201445606 Tollway-Operating 5/1/2023

4/30/2023 Posted by: sdobbs on 5/1/2023 26

Bank Reconciliation Report

Cleared Items: Cleared Checks Date Tran # Notes Amount Date Cleared 3/24/2023 327 v0000020 - Simpson Landscape Maintenance, Inc. 1,407.25 4/30/2023 3/31/2023 330 yar01 - Yardi Systems, Inc. 22.94 4/30/2023 3/31/2023 331 car05 - Carter Pest Control LLC 189.44 4/30/2023 3/31/2023 332 dig01 - Digi Security Solutions 9.74 4/30/2023 3/31/2023 333 v0000019 - Bagby Elevator Company, Inc. 155.83 4/30/2023 3/31/2023 334 v0000041 - Kings III Emergency Communications 136.41 4/30/2023 4/4/2023 335 ken30 - 52 Management, LP 27,188.70 4/30/2023 4/5/2023 336 car05 - Carter Pest Control LLC 81.19 4/30/2023 4/5/2023 337 ken30 - 52 Management, LP 8,345.33 4/30/2023 4/5/2023 338 v0000018 - Rhino Removal 528.96 4/30/2023 4/5/2023 340 v0000160 - Integrity Facility Solutions, Inc. 7,595.87 4/30/2023 4/5/2023 341 ken30 - 52 Management, LP 5,382.50 4/30/2023 4/6/2023 342 v0000108 - GTP Consulting, LLC 85,000.00 4/30/2023 4/12/2023 343 tid01 - Tidy Aire, Inc. 60.62 4/30/2023 4/12/2023 344 v0000163 - Securitas Security Services USA Inc. 1,629.16 4/30/2023 4/20/2023 345 lon01 - Lonestar General Contracting 41,190.75 4/30/2023 4/20/2023 346 mun01 - Munsch Hardt Kopf & Harr, P.C. 2,263.50 4/30/2023 4/20/2023 347 v0000019 - Bagby Elevator Company, Inc. 155.83 4/30/2023 4/20/2023 348 v0000128 - Thirty-Four Commercial, Inc. 1,937.00 4/30/2023 4/24/2023 349 ken30 - 52 Management, LP 10,601.15 4/30/2023 Total Cleared Checks 193,882.17 Cleared Deposits Date Tran # Notes Amount Date Cleared 4/1/2023 42 :ACH Deposit 7,846.17 4/30/2023 4/4/2023 43 :ACH Deposit 14,484.47 4/30/2023 4/4/2023 73 11,900.00 4/30/2023 4/4/2023 74 1,425.00 4/30/2023 4/4/2023 75 5,795.75 4/30/2023 4/6/2023 44 :ACH Deposit 7,318.13 4/30/2023 4/6/2023 76 2,274.38 4/30/2023 4/15/2023 45 :ACH Deposit 742.51 4/30/2023 4/17/2023 46 :ACH Deposit 8,246.01 4/30/2023 4/28/2023 77 5,229.75 4/30/2023 Total Cleared Deposits 65,262.17 Cleared Other Items Date Tran # Notes Amount Date Cleared 4/1/2023 JE 7908 4/23 Loan Pmt -15,747.57 4/30/2023 4/6/2023 JE 7942 Trnsfr 4/6/23 90,000.00 4/30/2023 4/21/2023 JE 7965 Transfr 04.20.23 45,000.00 4/30/2023 4/28/2023 JE 7988 4/23 Bank Fees -81.60 4/30/2023 Total Cleared Other Items 119,170.83 1201445606

5/1/2023

Tollway-Operating

4/30/2023 Posted by: sdobbs on 5/1/2023 27

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

RENT ROLL

OWNER’S REPORT

RENT ROLL

KENNINGTON PROPERTY HOLDINGS

MAY 2023

# Building Total SF Vacant Occupancy 27 Alpha Plaza 75,383 13,959 81% 30 Midway Centre 46,064 1,875 96% 35 Campbell Creative Center 96,991 12,014 88% 37 Placid 66,473 - 100% 44 Research 159,958 7,855 95% 46 Valley View 43,740 - 100% 49 Alpha Business Center 50,109 - 100% 50 Skyway Circle 62,028 - 100% 51 Jupiter Center North 43,680 - 100% 52 Jupiter Center South 82,805 - 100% 53 Waters Ridge Tech 2 33,346 - 100% 54 Waters Ridge Tech 3 75,087 15,457 79% 55 Bent Tree Place 57,602 8,101 86% PORTFOLIO 893,266 59,261 93.4%

PROPERTY MANAGEMENT & ACCOUNTING REPORTS

MANAGEMENT FEE CALCULATION

OWNER’S REPORT

Management Fee Register Summary

Kennington Property Holdings

Management Fee Summary

Fee Date = 05/01/2023

As Of Month= 04/2023 to 04/2023 Page 1 of

Net BillingManagement As OfTran Property Amount Rate Fee TotalMonthDate 027 -Alpha Plaza 97,943.464.0000003,917.743,917.7404-202305/01/2023 030 -Midway Center 74,453.924.0000002,978.162,978.1604-202305/01/2023 035 -Campbell 1 102,710.724.0000004,108.434,108.4304-202305/01/2023 037 -Placid 82,999.244.0000003,319.973,319.9704-202305/01/2023 044 -Research Center 180,118.094.0000007,204.727,204.7204-202305/01/2023 046 -Valley View Commerce C 66,345.744.0000002,653.832,653.8304-202305/01/2023 049 -Alpha Business Center92,468.304.0000003,698.733,698.7304-202305/01/2023 050 -Skyway Circle70,795.054.0000002,831.802,831.8004-202305/01/2023 051 -Jupiter Center North44,438.414.0000001,777.541,777.5404-202305/01/2023 052 -Jupiter Center South95,371.064.0000003,814.843,814.8404-202305/01/2023 053 -Waters Ridge Tech 245,320.804.0000001,812.831,812.8304-202305/01/2023 054 -Waters Ridge Tech 3114,244.634.0000004,569.794,569.7904-202305/01/2023 055 -Tollway61,785.764.0000002,471.432,471.4304-202305/01/2023

ASSET MANAGEMENT REPORTS

OWNER’S REPORT

ASSET MANAGEMENT REPORTS

KPH CASH FLOW SUMMARY

SEE HANDOUT

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: 4/24/2023 ACTUAL 2021ACTUAL 2022 ACTUAL YTD 2023 FORECAST BALANCE 2023 TOTAL Net Operating Income from Properties $ 6,181,836 $ 2,123,233 $ 5,675,695 $ 7,798,927 Debt Service / Lender Fees 3,290,394 941,284 2,764,047 3,705,331 Net Cash Flow after Debt Service 2,891,442 1,181,948 2,911,648 4,093,596 Capital Leasing-Related Capital 1,989,716 223,365 2,178,913 2,402,278 Building Capital 2,746,043 456,584 756,853 1,213,437 Total Capital 4,735,759 679,949 2,935,766 3,615,715 Less: Lender Proceeds, 1031 Escrow (Independent Bank Future Funding) & Reserves 0 (301,000)(1,175,946)(1,476,946) Net Cash Required for Capital 4,735,759 378,949 1,759,821 2,138,769 Net Cash Flow after Capital (1,844,317)802,999 1,151,827 1,954,827 Non-Reimbursable R & M (15,911)0 0 0 Construction & Leasing Admin (7,224)0 0 0 Accounting, Marketing & General Admin (134,422)(19,926)(84,373)(104,299) Consulting Fees (281,223)(71,293)(204,825)(276,118) KFOC Expenses (66,511)(22,082)(90,075)(112,157) Asset Mgmt Fees (117,269)(30,654)(94,374)(125,028) Reinvestment of Portfolio Income in Portfolio (103,302)0 0 0 Legal & Professional (139,829)(13,732)(31,500) (45,232) Other - Cash Adjustments (193,658) 0 0 0 Net Cash Flow from Operations $ (2,903,666) $ 645,312 $ 646,680 $ 1,291,992 Income from Investments (Cash) $ - $ - $ - $Line of Credit Proceeds / (Paydown) (14,253,410) - -Refinancing Proceeds and Loan Fees* 7,824,889 - 1,350,000 1,350,000 Escrowed Funds 419,610 - -Proceeds from Marketable Securities (Cash) 14,598,672 - -Acquisitions (8,408,430) - -Cash Deposits In/(Out) 381,814 - -Other Adjustments 387,199 (138,228) - (138,228) Cash Invested (5) 4,340,836 - -Distributions & Other (8,435,745) (381,896) (1,119,411) (1,501,307) Net Cash Flow KPH $ (6,048,231) $ 125,188 $ 877,269 $ 1,002,457 Ending Cash Balance 6,625,820 $ $ 577,589 $ 702,777 $ 1,580,046 $ 1,580,046 Working Capital: (500,000) $ (500,000) $ (500,000) $ (500,000) $ Cash Available for Distributions / Future Investments / Capital** 6,625,820 $ 77,589 $ 202,777 $ 1,080,046 $ 1,080,046 $

ASSET MANAGEMENT REPORTS

CASH FLOW PROJECTIONS SUMMARY

SEE HANDOUT

KPH PORTFOLIO - CASH FLOW PROJECTION CASH BASIS 2023 DRAFT

Property / Item 27Alpha 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/Escrow Total Leasing, Building Capital Net Cash Flow after Capital and D/S NOI after Debt Service

ActualActualActualProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjected Report As of:4/24/2023 Jan-23Feb-23Mar-23Apr-23May-23Jun-23Jul-23Aug-23Sep-23Oct-23Nov-23Dec-23 Total 65,677118,08756,696 67,13972,68177,37972,69778,30985,26591,69986,168(28,450) 843,346 41,15025,48144,010 50,30750,14250,32353,40153,70553,70553,79954,486 (6,284) 524,224 81,10824,54071,246 84,00384,10784,50786,17986,17994,05494,054104,286(34,523) 859,739 48,41734,51759,577 54,13954,13954,13954,13954,39163,15263,37263,372(68,944) 534,412 138,84892,577107,297 151,587151,587151,688152,942152,942153,247153,247157,713(173,715) 1,389,961 48,63220,96750,606 45,18645,24145,24145,11445,11445,11445,11445,114(97,887) 383,556 56,63936,87261,580 59,65966,90266,90259,83366,90267,09567,17560,106(114,579) 555,086 75,84633,67033,532 45,44345,44345,44345,63245,63245,63245,63245,992(61,794) 446,104 25,63823,42726,479 28,68628,68628,68628,68628,68628,68628,68628,686(45,450) 259,578 81,66663,27364,200 83,47483,47483,66183,66183,66183,66183,66184,478(111,409) 767,462 41,19730,57940,322 45,52345,52345,52345,52346,40946,40946,40947,081(61,069) 419,427 71,30638,08875,171 78,41878,41878,41879,04681,97899,29199,29199,291(138,088) 740,626 41,23932,99440,080 47,88047,88046,36546,93647,28049,82949,92541,219(85,777) 405,849 0 0(36,716)(36,716)(36,716)(36,716)(36,716)(36,716)(36,716)(36,716)(36,716)(330,442) 817,363575,071730,798804,729817,507821,559817,073834,473878,422885,347881,273(1,064,687)7,798,927 0 188,528189,419187,745187,380187,015186,781186,581186,213185,754185,384203,341218,9782,293,119 125,742119,851130,000111,556111,934112,686113,064113,446113,826114,212120,825125,0711,412,213 0 00 0 314,270309,270317,745298,936298,949299,467299,645299,659299,580299,596324,166344,0493,705,331 503,094265,801413,053505,793518,558522,092517,428534,814578,842585,751557,107(1,408,736)4,093,596 60,487 080,476267,064100,000424,656159,469264,068363,685291,87664,900 02,076,680 4,700 1,48876,215 8,611 016,27841,38243,06075,10252,192 6,571 0325,598 214,84954,735186,999215,23041,625166,666166,666166,66600001,213,437 280,03656,223343,690490,905141,625607,600367,517473,793438,787344,06871,471 03,615,715 679,949 0 0(301,000) 0(150,380)(100,000)(445,126)(199,116)(209,852) 0 0(71,471)(1,476,946) 280,03656,223722,638490,905 (8,755)507,600(77,609)274,677228,935344,06871,471(71,471)2,138,769 223,058209,578(309,585)14,887527,31314,492595,037260,136349,907241,683485,636(1,337,265)1,954,827 Page 1

KPH PORTFOLIO - CASH FLOW PROJECTION CASH BASIS 2023 DRAFT

(1) NOI based on Argus for Projections / Actual based on Yardi cash flow statements.

(2) Properpty taxes are on cash basis to be paid in December.

(3) Beg. Cash includes Operating Account but excludes Savings Account of $329,621 and excludes the investment accounts.

(4) Includes fees for closings and proceeds from projected refinancing of CCC and Alpha Plaza in 2022.

(5) Cash drawn from 1031 account for North Dallas Tollway acquisition in 2022.

(6) Estimate / Adjustment and intercompany items.

(7) Ties to Balance Sheet and excludes investment cash and savings account, escrow balances and 1031 Exchange.

(8) Based on Balance Sheet

Property / Item Overhead and Administrative Rental Income - Prepaid Rents Non-Reimbursable R & M Construction & Leasing Admin Accounting, Marketing & General Admin Consulting Fees KFOC Expenses Asset Mgmt Fees Portfolio Income & Interest Income Reinvestment of Portfolio Income in Portfolio Legal & Professional Other Net Cash Flow from Administrative Net Cash Flow after Overhead Cash Flow Adjustments Add: RE Taxes accrual (Payment) (2) Add: Insurance accrual / (Payment) (2) Less: Non cash income Other Adjustments Total Cash Flow Adjustments Actual Cash Flow Operating Account - Beginning Balance (3) Actual Cash Flow for the Month Line of Credit Proceeds / Paydown Loan Proceeds / Paydown (4) Escrowed Funds Proceeds from Marketable Securities (Cash) Acquistions Sales Proceeds Capital Contributions Cash Invested (5) Other Adjustments / Gain on Sale (6) Distributions Operating - Ending Balance Add Cumulative Inv. Account Cash (7) Total Cash Available for Operations Investment Accounts Recap: Beg Bal: Ending Balance (8) Line of Credit - Monthly Balance

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

Page 2

ASSET MANAGEMENT REPORTS

LEASING REPORTS

OWNER’S REPORT

BRADFORD RETAIL LEASING

OWNER’S REPORT

ALPHA PLAZA

4885 & 4887 ALPHA ROAD, FARMERS BRANCH, TX 75244

20232024 2025 2027 2028 2029

4885-120 2,376 SF

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

LeasingActivityReport

BradfordRetail

EXPANSIONS

2,422

($14/SF NNN; 62 Months with 2 free; Turn Key)

6/29/22Met with to discuss expansion.

7/18/22 Space 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 Meeting with tenant and architect on 11/11 to create pricing plan.

12/7/2022 Spoke to tenant. Reviewing plan for approval to bid.

1/18/2023 Received bid and Tenant is reviewing.

2/15/2023

Made proposal to Tenant ($15.50/SF NNN; 62 Months; $15/SF TI). Tenant reviewing proposal and bid numbers.

3/20/2023 Tenant still pulling together TI numbers.

4/10/2023

5/3/2023

5/15/2023

Expansionputonholddueto Tenantcosts. RevisedProposalsent($16/SF NNN;62monthwith2months free;$20/SFTI)

Emailedwithtenantandstill veryinterestedinexpanding.

2,696

$11/SF Gross; 62 Month with 4 months free; $5.56/SF TI

12/8/2022 No update pending rental payment status.

01/17/2023 Reached out to Ray and trying to set up meeting for next week.

02/16/2023 Still trying to connect with tenant.

3/21/2023

Made proposal. In discussions regarding NNNs and HVAC. ($14/SF NNN +3% bumps; 38 Months with 2 months free; AS IS)

4/18/2023Sent Amendment in DocuSign.

5/16/2023Amendmentfullyexecuted.

TenantPropertySpaceArea (SF)Date Last

Activity Urban Spikes Alpha Plaza110

Alexander Otis Alpha Plaza295

RENEWALS& ALPHAPLAZA (Expansion) (3/31/2023)

PROSPECTIVETENANTS

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 (60Months/$16NNN w/3% bumps/$15 TI) 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.

1/16/2023

Tenant sent counter to our last proposal. (62Months/2 Free/$16NNN w/3% bumps/$15 TI with additional $10 to amortize) Waiting on owner response.

2/15/2023

Tenant still deciding on location/signage.

3/21/2023Still very interested.

4/18/2023Still interested but moving slowly.

3/21/2023

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

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

4/18/2023No update with Issa.

Followingup.Proposalon 280/1,618sf/62Months/2 free/$16.00psfNNN$4.32 w/3%increases/$15in TI/$10.00addedTI amortized. 5/16/2023

Noupdateexceptthattenant islookingatotherproperties forlargerfootprint.

Manacare (8/31/2023) Manacare (8/31/2023) Alpha Plaza205 6,6004/18/2023 Reached out regarding expiration. Alpha Plaza220 3,8804/18/2023 Reached out regarding expiration. AllureAlpha Plaza280

1,61810/17/22

Wallpaper StoreAlpha Plaza120 2,37612/28/2023

5/16/2023 Noupdate. 5/16/2023 Noupdate.

5/16/2023

ALPHAPLAZA 42

Sent information. Allergy doctor looking in this submarket.

Reachedouttobrokertoget status.

Spokewithbrokeandtrying tosetuptour. Haverequest proposalon120and260.

Touredvacancieson5/15. Veryinterestedinlocation, buttimingforbuildoutmay notwork.

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

Toured and more interested in 260, again.

Sent proposal on 4/6/2023 (66 Months/6 free/$12.00 NNN/ w/3% increases/$12.00 psf TI).

Tenant reviewing plan with dimensions. Broker trying to get counter to us.

Madeproposal.Waitingon proposalfromother property.

In discussions to take over Ultimate Escape lease 3/21/2023

In discussions to take over Ultimate Escape lease, but no update. 4/18/2023 No update.

Sent proposal (60 Months/ $11.00 psf/NNN/ with 3% increases/As Is.) He is discussing with partner.

Followed up several times, but have not received feedback.

Allergy MDAlpha Plaza110/120/2602,500-4,0004/13/2023

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

3/17/2023

4/18/2023

Eli LaneAlpha Plaza275 4,8002/7/2023

Bill WallisAlpha Plaza275 4,8003/15/2023

4/18/2023

Alpha Plaza110 2,422 Deal working with Urban Spikes. 5/16/2023

BlontourageAlphaPlaza110/120/2602,500-4,0005/16/2023

Personal Fitness AlphaPlaza110/1202,000-2,4005/16/2023

5/16/2023

5/16/2023 SpoketoEliLaneandheis readytotourandreceive proposal. 5/16/2023Followedupseveraltimes.

VACANCIES

RECENTLYLEASED

Alpha Plaza120 2,376 Alpha Plaza260 4,183 Alpha Plaza280 1,618 Vacant Alpha Plaza275 4,8004/11/22Ultimate Escape Game Alpha Plaza220 3,8805/25/22ManaCare Health LLC Renewal Alpha Plaza285 2,1776/21/22 Aussie Grind Kitche Alpha Plaza205 6,60011/16/2022ManaCare Health LLC Renewal Alpha Plaza220 3,88011/16/2022ManaCare Health LLC Renewal Alpha Plaza 2,6964/1/2023 Alexander Otis Vacant Deal working with Night Owl

AlphaPlaza 288 1,9288/15/2022 nSocial 295 44

MIDWAY CENTER

14430 MIDWAY ROAD, FARMERS BRANCH, TX 75244

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

LeasingActivityReport

BradfordRetail

RENEWALS&EXPANSIONS MIDWAY

Breaking Brew MeaderyMidway144381,9504/15/22

(4/30/2023)

5/13/22

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.

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.

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

2/16/2023

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

3/17/2023

4/18/2023

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

Plans are to keep Tap Room at MC. Need small amount of refurb on 5 year deal.

TenantPropertySpaceArea (SF)Date

Last Activity

1/16/2023

5/16/2023 Meetingspaceplanner 5/16/2023. 46

1/6/2023

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.

1/13/2023

Received counter. Asked for 1) expense cap of 8%; 2) keep current HVAC policy in 4th amdt;

3) add signage to glass on Midway side

2/16/2023

3/21/2023

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

Sent revised LOI with 20 minute parking language added. Waiting on it to be executed.

4/18/2023Sent Amendment for review.

Sent email for initial contact and to get processs started. 1/18/2023

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

Waiting for transfer docs to be completed before discussing renewal.

3/21/2023

4/18/2023

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

Discussing Renewal. Tenant sending changes to proposal

TenantsignedLOI.3yrs./ $14.50NNN$4.29/$4.88 psf/3%annualincreases.No TI.

PROSPECTIVETENANTS

Made proposal (38 Months/2 free/$15.00 psf NNN/3% increases. $10.00

TI.) and they are interested but not great sense of urgency.

A-One EngravingMidway144762,93812/8/2022

MMB Strategy Midway144682,30012/8/2022

2/16/2023

AAT FinancialMidway Center144641,8754/18/23

Weg's GunsMidway Center144641,8754/18/23 Interested and would like to set up tour. (3/31/2023) (5/31/2023) 5/16/2023Amendmentfullyexecuted. 5/16/2023

psf

5/18/23 Stillonhold. 5/16/23 Meetingspaceplanneron 5/16.

VACANCIES

RECENTLYLEASED

Midway144641,875 Vacant Midway Center144541,8751/13/22 CHIOMA Total Body Midway Center144661,4502/8/22 AAT Financial Services Midway Center144563,7502/23/22Rock A Snap Photography Midway Center144483,7503/31/22Heritage House Clocks Midway Center144682,3005/25/22 MMB Strategy Midway Center144221,9507/26/2022Overton Family Jewels Midway Center144601,8758/31/2022Valencia Theater Seating Midway Center144621,87510/31/2022 Wallpaper Place Midway Center144461,8751/19/2023Edible Arrangements Renewal Midway Center144441,9503/14/2023Mimi's Upholstery Renewal Midway Center144762,9384/1/2023 A-One Engraving 48

BRADFORD FLEX LEASING

OWNER’S REPORT

VALLEY VIEW

1861 VALLEY VIEW LANE, IRVING, TX 75061

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

8/31/2024

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

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

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

2026 2027 2028 VACANT

20232024 2025

ALPHA BUSINESS CENTER

4300 & 4350 ALPHA ROAD, FARMERS BRANCH, TX 75244

20242025 2026 2031 2032 2033 VACANT LEASED SUITE 1-100- 6,944 RSF ADAPT STRENGTH 4/30/2025 LEASED SUITE 2-200- 9,800 RSF ACCESS HEALTHCARE 9/30/2025 LEASED SUITE 3-100- 3,581 RSF ALPHA LOCK SECURITY 4/30/2024 LEASED SUITE 3-110- 3,262 RSF SHARI’S MANAGEMENT 9/30/2025 LEASED SUITE 3-120- 1/31/2024 RSF COMPRO COMPUTER 1/31/2024 LEASED SUITE 3-130- 2,996 RSF ALLIED BIOSCIENCE 1/31/2024 LEASED SUITE 2-230- 4,486 RSF PROTECTION NETWORKS 3/31/2024 LEASED SUITE 2-210- 2,910 RSF TWO RIVERS VENTURES 1/31/2026 LEASED SUITE 1-115- 5,981 RSF AIRWAY TECHNOLOGIES 8/31/2031 LEASED SUITE 1-130- 4,313 RSF TWO RIVERS VENTURES 1/31/2026 52

BRADFORD RICHARDSON/PLANO/ WATERS RIDGE

OWNER’S REPORT

CCC - CAMPBELL

1200/1210 CAMPBELL ROAD, RICHARDSON, TX 75081

LEASED

SUITE 110 - 10,370 RSF

BRAZEN ANIMATION 10/31/2030

LEASED

SUITE 108 - 25,437 RSF

PNC BANK

5/31/2025

AVAILABLE

SUITE 120 - 4,660 RSF

LEASED

SUITE 130 - 6,168 RSF

SEEBOOST/EVEGLAZE LLC

1/31/2027

20252026 2027 2028 2030 2031 VACANT

CCC - DIGITAL

1217/1219

LEASED SUITE 100 - 13,858 RSF TALLEY-RIGGINS CONSTRUCTION 6/30/2028 AVAILABLE SUITE 130 - 7,354 RSF LEASED SUITE 160 - 6,746 RSF ELECTION SYSTEMS & SOFTWARE 12/31/2026 LEASED SUITE 150 - 4,446 RSF GET CLEAN SERVICES 1/31/2026 LEASED SUITE 130 - 3,891 RSF SYNERGY SOLUTIONS 7/31/2026 LEASED SUITE 110 - 2,992 RSF DIRECT LINE GLOBAL 12/31/2027 LEASED SUITE 100 - 4,465 RSF TXS INDUSTRIAL DESIGN 6/30/2026 LEASED SUITE 140 - 2,993 RSF VERSAR, INC. 11/30/2027 LEASED SUITE 120 - 3,591 RSF PRELOAD, LLC 4/30/2026 20252026 2027 2028 2030 2031 VACANT

DIGITAL DRIVE,

RICHARDSON, TX 75081

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

JUPITER

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

1200 PLACID AVENUE, PLANO, TX 75074

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

20232024 2025 2026 2027 2028 2030 VACANT LEASED SUITE 5100 - 38,180 RSF KCW ENTERPRISES 6/30/2025 LEASED SUITE 2100 - 6,957 RSF TERMINIX 3/31/2023 LEASED SUITE 2150 - 7,453 RSF ABLE AUTO 1/31/2023 LEASED SUITE 2300 - 8,924 RSF ADAPTIVE 3D 7/31/2024 LEASED SUITE 3120 - 15,479 RSF AXCENT NETWORKS 8/31/2026 LEASED SUITE 3100 7,855 RSF HORIZON OXYGEN 2028 LEASED SUITE 1300 - 45,422 RSF NEXREV INC. 10/31/2027 LEASED SUITE 4400 - 9,204 RSF NIMBLETRONICS 6/30/2025 LEASED SUITE 4200 - 10,248 RSF REMEDI SENIORCARE 3/31/2026 LEASED SUITE 4100 - 5,827 RSF CMC NETWORK 3/31/2024 LEASED SUITE 4125 4,409 RSF CALGAR ENTERPRISES 5/31/2026 RESEARCH CENTER

SUNWEST FLEX LEASING

OWNER’S REPORT

SUNWEST PROTECTED LIST (UNTIL 7/12/23)

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

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

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

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

Center

active deals as of 02/10/23 Proposals

Waters Ridge Tech

All

BRADFORD LEWISVILLE

OWNER’S REPORT

W ATERS R ID G E I I

LEASED

SUITE 200- 11,194 RSF

HOYA OPTICAL LABS OF AMERICA, INC. 10/31/2025

LEASED

SUITE 100- 22,152 RSF HORIZON HEALTH CORPORATION

7/31/2024

20242025 2026 2027 2028 2029 VACANT

1965 LAKE POINTE D RIVE, LEWI SVILLE, TX 7505 7

WATERS RIDGE III

1825 LAKEWAY DRIVE, LEWISVILLE, TX 75057

AVAILABLE

SUITE 300 - 10,386 RSF

LEASED

SUITE 400 - 15,814 RSF

K12 VIRTUAL SCHOOLS

6/30/2025

LEASED

SUITE 200 - 5,783 RSF

OCCUSYSTEMS

12/31/2023

LEASED

SUITE 100 - 6,300 RSF

CARDINAL TRACKING

8/31/2024

AVAILABLE

SUITE 800 - 5,071 RSF

LEASED

SUITE 500 - 12,344 RSF FORD MOTOR COMPANY

11/30/2025

SUITE 700 - 19,389 RSF

ALLEGIANCE TRUCKING

5/31/2025

20232024 2025 2026 2027 2028 VACANT

THIRTY-FOUR COMMERCIAL OFFICE LEASING

OWNER’S REPORT

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

N DALLAS PARKWAY,

TX 75248 FIRST FLOOR EXPIRATIONS Lorem ipsum 20222023 2024 2025 2026 2031 VACANT 2027 2031 73

17110 DALLAS PKWY 17110

DALLAS,

17110 DALLAS PKWY

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

N DALLAS PARKWAY, DALLAS, TX 75248 SECOND FLOOR EXPIRATIONS MECH MECH MECH AVAILABLE SUITE 218 2,269 RSF Lorem ipsum 20222023 2024 2025 2026 2031 VACANT 2027 2031 74

17110

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

ASSET MANAGEMENT REPORTS

CONSTRUCTION/ TENANT IMPROVEMENTS

OWNER’S REPORT

Kennington Alpha Center, LLC

Construction Active TI Projects

Project: #285-2 Aussie Grind

GC: TBD

SF: 1,887

Develop Inc 5,728

Project: #285-2 Aussie Grind

GC: TBD

Develop Inc 5,728

TI Allowance: $71,198.19

SF: 1,887

TI Allowance: $71,198.19

Kennington Alpha Center, LLC

Construction Active TI Projects

Project: #285-1 (288) Kitchen Social

GC: TBD

SF: 1,928

Develop Inc 5,728

TI Allowance: $48,200 80 81

Kennington Alpha Center, LLC

Construction Active TI Projects

Project: #285/288 LL Work

GC: Develop Inc

SF: 5,728

Cost: $180,000.00

Cost/SF: $31.45

1 82

Cost: $100,000.00

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

Kennington Alpha Center, LLC

Kennington Campbell Creative Center, LLC

Construction Active TI Projects

Property: 35- CCC

Suite: 100

Tenant: Talley Riggins

Project: Expansion Suite #3

SF: 3,872

GC: Talley Riggins

TI Allowance: $ 189,921.60

TI/SF: $49.05

LOUNGE 139 OFFICE 141 OFFICE 142 OFFICE 143 OFFICE 144 OFFICE 145 OFFICE 146 MIC. REF MIC. REF OFFICE 147 OFFICE 148 4'-1 1/4" 12'-9 1/2" 4'-0" OFFICE 140 5'-4" 5'-37/8" 8'-6" 7'-8" 16'-91/2" 5'-4" ELECTRICAL

Kennington Campbell Creative Center, LLC

Construction Active TI Projects

Property: 35-CCC

Building: 1210 Suite: 120

SF: 4,660

Project: Spec Suite

Cost: TBD

Status: Prelim/Preconstruction

■ $.....__ ■ Im Im ■ $.....__ ■ Im Im WHSE CONF RECEPTION OPEN OFFICE OFFICE OFFICE OFFICE WHSE OFFICE OFFICE OPEN BREAK

Pricing

Kennington Campbell Creative Center, LLC

Construction Active TI Projects

Property: 35-CCC

Building 1217 Suite: 130

SF: 7,354

Project: Spec Suite

Cost: TBD

Status: Prelim/Preconstruction

Pricing

OH DOORSTANDARD WHSE IT/ELEC CONF RECEPT. UTIL. COPY STOR. OPEN OFFICE BREAK RR RR In D

Kennington Research Center, LLC Construction Active TI Projects

Property: 44 Research

Project: Horizon Oxygen LL Work

Suite: Bldg.6 #100

GC: Lonestar

Cost: $29,663.00

SF: 7,855

Cost/SF: $3.78

Bent Tree Place re Remediation - Buildin

Capital Improvement- Exterior Improvements

Front Facade, Monument Sign, Feature Wall

PROPOSEDFEATUREWALL VIEWFROMDALLASPARKWAY

PROPOSEDEXTERIORENTRANCEFACADE VIEWFROMPARKINGLOT

PROPOSEDMONUMENTSIGN VIEWFROMDALLASPARKWAY

17110 N. Dallas – Tollway Fire Remediation- Suite 110 Bent Tree Place Lobby Upgrade Design

cushioned bench and planter framed moss wall statement wallcovering existing lighting bold rug and patterns bold colors 89

option 2

Bent Tree Place

Fire Remediation - Building

BENTTREEFAMILYPHYSICIANS 6,110RSF

SUITE105 MINIMALLYINVASIVE 4,772RSF

DR.SUITE100 1,240WALLACE RSF

DR.SUITE100 2,298WALLACE RSF

110 432WALLACE RSF

Fire Remediation

495RSFSUITE120 FCMORTGAGE 1,298RSF

Ceiling Tile Replacement &HVAC Duct Replacement

SUITE130 AURORAINSURAN 1,213RSF

SUITE105 MINIMALLYINVASIVE 4,772RSF

DR.SUITE100 1,240WALLACE RSF

Painting

Fire Remediation

DR.SUITE110 2,432WALLACE RSF

SUITE125 LIGHTHEADED 495RSFSUITE120 FCMORTGAGE 1,298RSF

Fire Remediation

SUITE180SUITE160

SUITE140

SUITE130 AURORAINSURAN 1,213RSF

MECH MECH MECH MECH MECH

MECH MECH MECH MECH MECH MECH MECH

SUITE180SUITE160

SUITE140

Bent tree place- 17110 n dallas parkway dallas, TX 75248[Type here]

Vendor:

Superintendent:

Date:

Please fill this out at the end of each night shift

FCU REPLACEMENT CHECKLIST

MAKE SURE BOTH CHILL WATER & HOT WATER VALVES ARE IN THE OPEN POISTION

MAKE SURE SWITCH IS IN THE ON POSITION FOR FAN MOTOR TO OPERATE

BLEED THE AIR OUT OF THE LINES

VERIFY PIPES ARE INSULATED TO PREVENT CONDENSATION LEAKS

VERIFY NO LEAKS ARE PRESENT VERIFY ALL DUCT IS RECOENNECTED AND ATTACHED PER ITS ORIGINAL DESIGN

VERIFY THERSOSTATS ARE WIRED CORECTLY AT THE UNIT

ALL DEBRIS IS CLEANED UP AND OLD UNITS ARE REMOVED FROM PREMISE/TRASHED

INSTALL FILTERS IN FCU (PROVIDED BY GREG)

VERIFY ALL COPPER PIPES ARE CONNECTED VERIFY ISOLATION VALVES ARE REPLACED AND WORKING

Suite #:

#of FCU in Suite:

Are other Suites affected by this scope: If Yes, Which Suite #?:

Was a temp cooler installed?

Completion Date for this suite:

Other Comments:

[Type here]

Bent Tree Place

Bent Tree Place #220

Suite: 220 Project: Workshop

GC: Preston Pierce

SF: 3,300

Cost: $165,000.00

4,118 $205,900.00

Cost/SF: $50.00

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

Bent Tree Place

17110 N. Dallas – Toll

Project: Spec Suite 160

SF: 1,984

Target Cost/SF: $50.00

Target Cost: $99,200.00

Status: Preliminary Bids

Bent Tree Place #220 Spec Suite #160

Fire Remediation- Suite Bent Tree Place #220#160

Pending Leasing at Suite #212

SPECSUITE160-OPTION1

BENTTREEPLACE

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

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

ExistingWall NewWall PROJECTNO:680-001 DRAWNBY:SO

KEYPLAN-1STFLOOR (futureoption)

17110 N. Dallas – Toll

Bent Tree Place

Fire Remediation- Suite Bent Tree Place #220 #215

Bent Tree Place #220 Spec Suite #215

Project: Spec Suite 215

SF: +/- 2500

Target Cost/SF: $50.00

Estimated Cost: $125,000.00

Status: Preliminary Bids

*NOTFORCONSTRUCTION

*ROOMSIZESAREAPPROXIMATE

*APPLIANCESANDEQUIPMENTSHOWNAREFOR

GRAPHICPURPOSESONLY

*TENANTTOCONFIRMFURNITUREWILLFITWITHIN

PROPOSEDPLAN

*PLANPROVIDEDFORGRAPHICPURPOSESONLY

*THEidGROUPHASNOTFIELDVERIFIEDFLOOR

*PLANPENDINGCITYAPPROVAL

SPECSUITE215

BENTTREEPLACE

17110DALLASPARKWAY,DALLASTX75248

KEYPLAN-2NDFLOOR

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

PROJECTNO:680-002 DRAWNBY:KS ExistingWall NewWall

Project: Spec Suite 205

SF: 1,372

Cost/SF: $50.00

Estimated Cost: $68,600.00

Fire Remediation- Suite Bent Tree Place #220 #215

Bent Tree Place #220 Spec Suite #215 #205

*APPLIANCESANDEQUIPMENTSHOWNAREFOR GRAPHICPURPOSESONLY

*TENANTTOCONFIRMFURNITUREWILLFITWITHIN PROPOSEDPLAN

*PLANPROVIDEDFORGRAPHICPURPOSESONLY

*THEidGROUPHASNOTFIELDVERIFIEDFLOOR

*PLANPENDINGCITYAPPROVAL

Status: Preliminary Pricing

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

*NOTFORCONSTRUCTION *ROOMSIZESAREAPPROXIMATE

BENTTREEPLACE PROJECTNO:680-002 DRAWNBY:KS

– Toll

17110DALLASPARKWAY,DALLASTX75248

17110 N. Dallas

Bent Tree Place

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

ASSET MANAGEMENT REPORTS

ADDITIONAL REPORTS

OWNER’S REPORT

JP Morgan Investment Account

Account 4/25/22 6/21/22 10/26/22 4/25/23 5/23/23 Change Investment Grade Corporate Bonds 8,642,652 8,515,437 2,432,700 2,593,567 2,571,371 (22,196) Preferred Stocks 4,361,546 Upper Tier High Yield 1,618,004 TOTAL 14,622,202 8,515,437 2,432,700 2,593,567 2,571,371 (22,196) Loan Balance 11,870,848 5,802,556 300,000 300,000 300,001Equity 2,751,354 2,712,881 2,132,700 2,293,567 2,271,370 (22,197) Availability - 1,407,337 1,595,989 1,600,000 1,600,000Advance Rate 81.2% 84.7% 77.9% 73.3% 4/25/22 6/21/22 10/26/22 Purchase Yield Purchase Yield Purchase Yield $'s Investment Grade Corporate Bonds 3.02 3.04 2.70 2.65 68,141 Preferred Stocks Upper Tier High Yield Average 3.02 3.04 2.70 2.65 68,141 Line of Credit (1.69) (2.55) (4.12) (6.10) (6.35) (19,050) Annual Arbitrage 0.47 (1.08) (3.40) (3.70) 49,091 97

OLD BUSINESS ASSET MANAGEMENT REPORTS

OWNER’S REPORT

VALLEY VIEW COMMERCE CENTER REFI UPDATE:

1. Current loan matures 12/1/23 however it can be prepaid at par starting 9/1/23

2. New loan amount would be $3,500,000 with a 10 year term and a 25 year amortization

3. Interest rate would be set at 210 basis points over the 10 year T-bill yield

4. Concerned that the Texas Programs for Alternative Education lease (44% of the building) expires in August, 2024

5. As a result, would holdback $500,000 from the amount funded until:

6. Education lease is renewed, or the space is released (if Education moves out)

7. No holdback if Education renewed their lease prior to the closing of the refinancing.

8. Amend and restate the current loan documents

9. Would only require a new appraisal and would waive the requirement for a new Phase I and property condition report

10. Transaction would be very similar to the refinance of CCC

2023 ARGUS VALUATION = $5.226M

MIDWAY CENTER FINANCING UPDATE:

1. Northmarq putting together a loan package

2. Expect a loan amount of approximately $4,000,000 (but tbd bc DSCR)

3. Interest rate will be calculated between 200 and 220 basis points over the 10 year T-bill yield

4. Loan term would 10 years with a 25 year amortization

2023 ARGUS VALUATION = $7.364M

OWNER’S REPORT

BUSINESS

100

NEW

ASSET MANAGEMENT REPORTS

TREPP LOAN DETAILS 101

OWNER’S REPORT

102

NEXT MEETING THURSDAY, JUNE 22, 2023 9:00 - 10:00 AM