Investor Presentaiton

Balanced Capital Structure Current Capitalization - September 15, 2022 Share price Shares outstanding ITM dilutive securities Market cap Cash Cash ITM securities Convertible debentures Mortgages Enterprise Value In Place NOI Implied cap rate Total Debt Debt/GBV Gross Book Value Net WC NAV NAVPS % premium (discount) Debt Maturity Profile $0.16 $30 291.6 $25 $ 45.2 2.27% $20 1.97% 11.1 $ Millions $15 $10 110.3 $ 144.4 $5 $- 7.1 '22-'23 4.92% 110.3 68% 161.6 3.26% NexLiving communities inc. 1.97% 2.82% '23-'24 ■Mortgage Debt '24-'25 '25-'26 ■WAIR '26-'27 Note: Adjusted for subsequent events Debt to Gross Book Value 2.0 76% 64.4 73% $0.22 66% (29.8%) Q2/20 Q2/21 Q2/22 *Investment properties valued at fair market value (excluding properties acquired subsequent to Q2/22 which are valued at cost of acquisition in NAV). ■Mortgages ■Convertible debt N TSXV: NXLV 16 16

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