140-UNIT MULTIFAMILY VALUE ADD OPPORTUNITY IN

140-UNIT MULTIFAMILY VALUE ADD OPPORTUNITY IN WHEATON, MD LOCATED ON GEORGIA140-UNITVALUE ADDWHEATONOPPORTUNITYWHEATON,MD METROLOCATEDON GEORGIAAVE JUST MULTIFAMILYSTEPS FROM WESTFIELDMALLINANDWHEATONSTATION.AVE JUST STEPS FROM WESTFIELD WHEATON MALL AND WHEATON METRO STATION.

EXECUTIVE SUMMARYJLL is pleased to present Earle Manor (the “Property”), a 140-unitvalue add asset located in Wheaton’s rapidly growing submarket. TheProperty was built in 1960 and allows for a tremendous value addopportunity to push rents.1960YEAR BUILT180PARKINGSPACESSituated on Georgia Avenue and only 0.4 miles to the Wheaton MetroStation, the Property offers residents a variety of transit options in andaround the DC/Maryland region via both public transportation andvehicular access. Earle Manor is situated near some of the largestFederal employers in the area, only a 14-minute drive to Walter Reedand NIH and an 11-minute drive to the FDA. The Property will benefitfrom the completion of the new Metro Purple Line (est. 2022) whichwill connect the two branches of the red line through Silver Spring andBethesda. This will allow residents quick, easy access by both car and834AVG. SFMetro to Bethesda, NIH and Walter Reed to the west and the FDA,132UNRENOVATEDUNITSUniversity of MD, College Park to the east.The Property is just 0.5 miles from the Westfield Wheaton which holds116 stores, 27 dining options and an AMC movie theater. The Propertyfeatures spacious apartments with classic kitchens with stainless steel,black, and white appliances backsplash, stainless steel appliances andspacious cabinetry. Units offer hardwood flooring in the living roomand kitchens, and plush carpeting, light filled bedrooms. Bathroomscontain white tile surrounding the showers. Some units contain patiosand separate formal dining rooms.Earle Manor presents the opportunity to acquire a transit-oriented,value add multifamily opportunity in the rapidly maturing Wheaton,MD submarket with outsized prospects for UNITRENOVATIONS

MARYLAND-NATIONAL CAPITALPARK AND PLANNING COMMISSIONHEADQUARTERSTRANSIT ORIENTED ASSETThe Property fronts the highly traffickedGeorgia Ave. and is a short 0.4 mile walkto the Wheaton Metro Station2.4 MM SF RETAIL WITHIN1 MILE OF THE PROPERTYIncluding the 1.5 MM SF WestfieldWheaton Mall with 116 stores and 27dining optionsBELOW REPLACEMENT COSTSThe opportunity to participate in thepost COVID recovery with anattractive value add playVERY LIMITED FUTURE SUPPLYIN THE SUBMARKETOnly 1 long term planned projectin Wheaton14-STORY, 308,00 SF OFFICE BUILDING, 900 EMPLOYEES RELOCATINGTO WHQ, HOME TO 6 MONTGOMERY COUNTY DEPARTMENTS,11,337 SQUARE FEET OF RETAIL, TOWN SQUARE, PARK, AND PUBLICAMPHITHEATER, UNDERGROUND PUBLIC PARKING GARAGECLOSE PROXIMITY TO MAJORFEDERAL EMPLOYERS19 Federal Agencies are less than 6.5miles from Earle Manor with Walter Reedand NIH 5/7 Miles west and the FDA 6.3Miles to the eastUnits%UnitDescriptionSFTotal SFPOSITIONED FOR IDEALOUTSIZED RENT GROWTHdue to submarket demographicsand fundamentalsMarket al/Avg834116,822PROXIMITY TODYANMIC GROWING I-270BIOTECHNOLOGY CORRIDORIn under an 8 minute drive3

COMPELLING MIX OF USES AROUND WHEATON METRO Best BuyCVS PharmacyDessie Ethiopian Restaurant and MarketFilipino Home Baking & Grocery Store, Inc.The Gallery Flowers and GiftsHung Phat Asia MarketInternational Media AcademyLa Musica RecordLa Salvadorenita GroceryLatin & American MarketLe International MarketMangos MarketMega Kitchen and bathThomas Market (International Market)Uno BilliardsWheaton Cycles Inc.123456Brookside GardensChuck Levin's Music CenterMontgomery Art Association GalleryWheaton LibraryWheaton Regional ParkWheaton Veterans Park12345678El Pollo RicoFilippo's Italian SpecialtiesKantutas RestaurantMi La CaySeoul FoodMax's Kosher Café & MarketplaceMoby Dick SushiNava ThaiVEIRS MILL RDDiningDWVBLYITRSEIVUNWestfield WheatonAéropostaleBourbon St. CaféCVS PharmacyFriendly FacesMcDonald'sRuby TuesdayAgainst All OddsBrow Art 23CyberionG by GuessMing TreeSarku JapanAldoBubble BounceDesign Shoe WarehouseGameStopNestlé Toll HouseSephoraAll Cell at WestfieldBubble TeaDick's Sporting GoodsGNCNew York & CompanySistema Universitario Ana G MéndezAlways MobileChamps SportsDippin' DotsGymboreeOlive OleSports ZoneAmerican Beauty AcademyCharley's Grilled SubsDollar OceanH&MPanda ExpressStarbucks CofeeAmerican Eagle OutfittersCharlotte RusseElite Gold & DiamondsHair CutteryPandoraSubwayAs Seen On TVChipotleEternda Day SpaHershey's Ice CreamPanera BreadTaco BellAT&TChoice WineExpressHollisterParty CityTeavanaAuntie Anne'sCinnabonf.y.e.Hollywood East CaféPayless ShoesourceBath & Body WorksClaire'sFashion To FigureHot TopicPerfumaniaBella CrownCostcoFinish LineJersey Mike's SubsPholiciousBest BuyCrazy 8Foot LockerJo-Ann Fabrics & CraftsPiercing PagodaBliss FashionCricket WirelessFootaction USAJourney'sPopeyes Louisiana KitchenBoardwalkCustom Tailors at WestfieldForever 21Kay JewelersRelax Station43

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WINDW INDHAHAM L AM LA NENEQUALIFIED OPPORTUNITY ZONEVERTICAL STEPBACK @ 35'PARKING DECK37020' SETBAC374GEORGIA AVENUEGEORGIA AVENUEWINDHAMLANE20' SEDENSITY PLAN - PHASE TWO COMPLETEDTBACKTHE SITEIS WITHINA QUALIFIEDOPPORTUNITYDENSITYPLAN- LEVEL TYPPHASE 1 ZONE AND ONCE REZONED, COULD SUPPORT A1381.5PHASED REDEVELOPMENT OF 500,000 SF OF FAR. PRELIMINARY DENSITY STUDIES ARE PROVIDEDABOVE AND BELOW AND PROVIDE ADDITIONAL OPTIONALITY TO BUYERS.EXISTING TO REMAIN DURING PHASE20' SEPHASE IDENSWINDWINHAMDHAMLANLEANE11" 80'-PARKING DECK7 LEVELSEXISTING TO REMAIN DURING PHASE IGEORGIAAVENUEGEORGIAAVENUE62DENSITYDENSITYPLAN - LEVELPHASEONEIPLAN -3PHASECOMPLETED1" 80'-0"0'40'

LAND AREA:5.36 ACRESIARGEOGEUENAV0.4 MILE WALK TOWHEATON METRO STATION7

WHEATON’S PREMIER VALUE-ADD DHARDWARESTAINLESSSTEELAPPLIANCESUNRENOVATED UNITRENOVATED UNIT8RENOVATED UNITGRANITECOUNTERTOPS

NEW TILESUPDATEDCABINETSVANITY &FAUCETSPROPERTYUPSIDEEARLE MANORPROVIDES THEOPPORTUNITYTO ACHIEVESIGNIFICANTRENTAL UPSIDETHROUGHCONTINUED INUNIT UPGRADESAND COMMUNITYIMPROVEMENTSTHROUGHOUTUNRENOVATED UNITTHE PROPERTY.GIVEN MONTHLYRENTS AT NEWLYRENOVATED UNITDELIVERED ASSETSALONG GEORGIAAVENUE, A VALUEADD PROGRAMIS SUSTAINED BYTHE MARKET ANDTHE INVESTMENTOPPORTUNITYENABLES STABLERENT PREMIUMS.9

EXECUTIVE 971081759532Johns HopkinsUniv AppliedPhysics650MarylandWholesaleFood CenterAshtonBlack HillRegional Park29370Rocky GorgeReservoirTrotter’s GlenGolf CourseRock CreekRegional Park270Fort Meade50,000 employeesLaurel95Biotechnology Corridor22 million squarefeet of 862703551939729U.S. Food andDrug Administration11,720 verSpringArlington8 million squarefeet of officeBethesda14.5 million squarefeet of officeMARYLAND650University ofMaryland16,000 4WASHINGTON, DC495VIRGINIAViennaWashington, DC750,000 employees152 million square anNat'lAirport2362023951AnnandaleVACCINE EFFORTS295Suitland218395TOTAL SPENDING: 11.2 BAlexandria49549595MARYLAND SPENDING:408 5.3 BAndrewsAir ForceBaseBurkeMurray HillFranconiaRosaryvilleState ParkTHERAPEUTICSTOTAL SPENDING: 1.2 BMARYLAND SPENDING: 525 MDIAGNOSTICSTOTAL SPENDING: 243 MMARYLAND SPENDING: 1.2 M10E1Brookeville117ColumbiaClarksville

NATION LEADING MONTGOMERY COUNTY rnational Airport1061%32% 155,602POPULATIONWITH97COLLEGE DEGREEPOPULATION WITH AGRADUATE DEGREEMEDIAN ONE OF THETOPSCHOOL DISTRICTS INTHE COUNTY3I-270 CORRIDOR IS HOMETO MORE THAN350LIFE SCIENCES COMPANIESAND370,000#1RANKING IN STEMEMPLOYMENTCONCENTRATIONEMPLOYEES50TOP MONTGOMERY COUNTY EMPLOYERS4242142PatuxentRiver Park408259Darnall11

Jones Lang LaSalle Americas, Inc. or its state-licensed affiliate (“JLL”) has been engaged by the owner of the property to market Earle Manor. Information concerning theproperty [properties] described herein has been obtained from sources other than JLL, and neither Owner nor JLL, nor their respective equity holders, officers, directors,employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age,square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projectionsonly and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser. JLL and owner disclaim anyliability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and relyon those results. The information contained herein is subject to change. The Property may be withdrawn without notice. If the recipient of this information has signed aconfidentiality agreement regarding this matter, this information is subject to the terms of that agreement. 2021. Jones Lang LaSalle IP, Inc. All rights reserved.**The outbreak of the COVID-19 virus (novel coronavirus) since the end of January 2020 has resulted in market uncertainty and volatility. While the economic impact ofa contagion disease generally arises from the uncertainty and loss of consumer confidence, its impact on real estate values is unknown at this stage. Given the prevailingdomestic and global uncertainty arising from the Coronavirus, we recommend that the intended recipients of this information regularly seek our guidance.WALTER COKERROBERT JENKINSSenior Managing DirectorDirector202 533 2537202 777 omBRIAN CRIVELLABILL GRIBBINSenior Managing DirectorDirector202 533 2522202 533 omAIGROEG NO DETACOL DM ,NOTAEHW NI Y TINUTROPPO DDA EULAV YLIMAFITLUM TINU-041.NOITATS ORTEM NOTAEHW DNA LLAM NOTAEHW DLEIFTSEW MORF SPETS TSUJ EVA

ave just steps from westfield wheaton mall and wheaton metro station. 140-unit multifamily value add opportunity in wheaton, md located on georgia . home to 6 montgomery county departments, 11,337 square feet of retail, town square, park, and pulic . aldo bubble bounce design shoe warehouse gamestop nestlé toll house sephora