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Investor Presentaiton

| UNPARALLELED DISTRIBUTION AND SCALE ■ ■ 19 properties strategically distributed throughout the Las Vegas metropolitan area Properties are conveniently located on major highways, interstates and arterials Over 90% of Las Vegas population lives within 5 miles of a Red Rock property 69% of residential development is within 3-miles of an existing property or development site owned by the Company(1) 215 215 ▲ Under Construction Major Properties Smaller Properties Development Sites 1 Mile (1) Applied Analysis Residential Development Proximity Study 2020. INVESTOR PRESENTATION November 2021 95 95 ELM LAND 15 15 BILLING DOWNTOWN 515/ red rock resorts 15 BLDAN CANYON NATION HELLIS AIR FORCE EASE SENSE NOUNTAN CADENCE HENDERSON 95 NELLIS DUNES (1) Red Rock (4) Texas Station (7) Green Valley Ranch (2) Santa Fe Station (5) Palace Station (8) Sunset Station (3) Fiesta Rancho (6) Boulder Station (9) Fiesta Henderson 10
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