Investor Presentaiton

Diversified Investment Portfolio with Scale TARGETING LARGER INSTITUTIONAL MARKETS IN THE U.S., THAT OFFER COMPELLING INVESTMENT CHARACTERISTICS CONSISTENT WITH OUR OVERALL INVESTMENT THESIS CA, 11.7% AZ, 0.9% CO, 1.2% HI, 0.5% MN, 5.9% WI, 0.6% MI, 0.2% NY, 10.4% MA, 5.0% , 2.1% PA, 2.3% NJ, 2.6% OH, 0.7% IL, 7.6% IN, 0.5% VA, 3.2% KY, 1.8% NC, 2.1% TN, 3.7% OK, 0.8% SC, 0.9% AL, 2.3% GA, 8.1% TX, 12.8% LA, 5.7% FL, 6.2% • Diversification is a key tenet of our investment strategy Search for relative value nationwide as we construct our portfolio Approximately 75% of our portfolio is secured by properties located in the largest 25 markets, offering compelling lending opportunities on institutional-quality real estate supported by strong sponsorship Sponsorship, business plan and loan terms are as important as geographical location 13

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