Investor Presentaiton

The Secondary Market Opportunity N TSXV: NXLV NexLiving communities inc. Strong Macro Backdrop Attractive Risk/Return Profile Rising home prices and ownership costs, especially in core markets, driving higher rental absorption across the country Target markets experiencing significant rent growth as a results of out-migration from major cities Increased federal immigration targets and policies - Canada targeting 1.2 million new immigrants in 2021-2023 Secondary market rents have begun to close gap to core rents resulting in higher yielding assets Favourable asset pricing given below market rents and less competition from institutional capital Enhanced risk-adjusted returns vs. lower yielding core urban markets In 2021, secondary market multi-family pricing achieved new highs of $200-250k per unit CMHC insurance equalizes mortgage rates and de-risks access to financing Mid-Market Multi-family 20-100 unit apartment properties are currently overlooked by large institutions and inaccessible to average investor leaving a gap in the market Represent the largest share of Atlantic Canada apartment market Ontario mid-cap properties are a $40-50 billion opportunity of undermanaged, undervalued 1960-70s unrenovated product with rents substantially below market Mid-market properties represent 1/3rd of Ontario's rental market with +4,500 properties or 250,000 units Attractive Tenant Base 55+ active living is a growing demographic that desires the lock-and-leave lifestyle and increasingly becoming an important tenant base in Canada Tenant benefits: condo-style living, active community, downsizing into an upscale apartment, lock-and-leave lifestyle Landlord benefits: lower capex profile due to ownership mentality and lower turnover. Ability to absorb market rent raises 9

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