Investor Presentaiton

150 5-year House Price Growth and Inflation 140 National 8.91% Wisconsin 8.28% 130 CPI 3.95% 120 W WISCONSIN SCHOOL OF BUSINESS UNIVERSITY OF WISCONSIN-MADISON TOGETHER FORWARD® JAMES A. GRAASKAMP CENTER for REAL ESTATE 160 over the past 5-years, Wisconsin home prices doubled inflation. 5-year House Price Index for the U.S. and Wisconsin and Inflation . . 100 110 4/1/2018 7/1/2018 10/1/2018 1/1/2019 4/1/2019 7/1/2019 10/1/2019 1/1/2020 4/1/2020 7/1/2020 10/1/2020 1/1/2021 4/1/2021 7/1/2021 10/1/2021 1/1/2022 4/1/2022 7/1/2022 10/1/2022 1/1/2023 -National House Price Index Wisconsin House Price Index CPI Source: Federal Reserve Economic Data and Graaskamp Center.

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