GROWTH STRATEGY

FINANCIAL OVERVIEW Multiple Revenue Streams Expand Revenue per Customer Appreciate Illustrative Revenue per Customer Timeline Revenue potential exceeds $18,000 over expected life of customer (1) Marketplace Acquire Renovate Lease $2,200 $1,400 ~$7,800 Month 1 Month 2 Management I Manage $5,900 ~$18,000 Month 3 Month 4 & Onwards (1) Includes marketplace revenue shown above, monthly management fees and 1.6 resident placements during duration of customer relationship. Figure would be higher with Marketplace sale at exit. Expected life of retail customer is 40 months. Potential Revenue Private & Confidential 33

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