Blackwells Capital Activist Presentation Deck

STRATEGIC LOCATIONS Seattle Portland Reno San Francisco BW BLACKWELLS CAPITAL Los Angeles Current Markets Target Markets Light blue areas represent 1,000 people Source: US Census Bureau WPT's Property Portfolio and Expanding U.S. Footprint Salt Lake City Phoenix Source: WPT Industrial REIT Q3 2020 Investor Presentation, Company Filings. Denver San Antonio Austin Minneapolis Kansas City Dallas Strictly Confidential & Trade Secret Houston ( Milwaukee Chicago Indianapolis Memphis St. Louis Detroit Cincinnati Columbus Louisville Nashville Atlanta Eastern PA Jacksonville Central Florida Charlotte New Jersey South Florida 35

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