Strong Financial Foundations and Future Growth Prospects slide image

Strong Financial Foundations and Future Growth Prospects

COMPANY COMPETITIVE POSITION Who we are. ACC owns the industry's preeminent portfolio-located a median distance of only one-tenth of a mile from campus. We primarily focus on developing and owning on-campus and pedestrian-to-campus properties serving Power 5 conferences and Carnegie R1 institutions. Investment criteria focuses on differentiated properties in close proximity to campus within submarkets with high barriers to entry. Current Portfolio Portfolio NOI Composition by Distance to Campus¹ Single Property in Market Multiple Properties in Market ☐ PROPERTIES ΝΟΙ 34 33% 115 61% 10 |-| 6% 0% 94% of NOI within ½ mile from campus University 1/2 1 1+ mile mile mile 0.1 miles median distance to campus 1. Includes owned properties, properties currently under construction, and properties expected to commence construction during the current calendar year. NOI used for percentage calculations for properties (i) open for the entire trailing 12 month period are based upon historical data, and (ii) owned for less than the full trailing 12 month period are based upon historical data and management's estimates. Excludes properties classified as held for sale. Actual results may vary. 7
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