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memo 15 pages

Also attached to this agenda item: 1 HMB Update Memo

1 Half Moon Bay Drive APRIL 17, 2023 Introductions Adam Carr – Monday Properties, EVP Frank Craighill – Monday Properties, SVP Development Jacob Entel - Nexjen Real Estate, Founder EXECUTIVE SUMMARY Monday Properties Overview Monday Properties (“Monday”) is a leading owner and operator of high quality real estate with an historical focus in the greater Washington, D.C. and New York City submarkets and now an expansion into the Southeast. We specialize in repositioning, developing, operating and leasing institutional grade office, multifamily and mixed- use properties. Monday was formed in 2002 by Anthony Westreich, and has roots dating back to the 1950s through its predecessor firm Westfield Realty. With a strong foothold in the Washington, D.C. Metro and New York City markets, Monday brings deep operational expertise across the risk-return spectrum from core to opportunistic investments in high barrier gateway markets. Commercial Real Estate Owned 35M SF Multifamily Units 5,300+ 5.2M SF Assets Under Management Capital Invested $16B Property Transactions Completed MONDAY PROPERTIES’ MISSION STATEMENT We combine the deep-rooted values of a family company with the discipline of an institutionally run and forward-thinking real estate firm. Monday Properties’ goal is to deliver transformative tenant experiences which result in superior risk-adjusted investments. Our success is based on a foundation of customer service and shared values with all of our stakeholders. MONDAY PROPERTIES’ CORE VALUES FOUNDED ON PEOPLE Our success and reputation are directly correlated to our most valuable asset – our people. We foster a culture of respect, inclusion, collaboration and passion, which enables us to attract and retain the best people. SUCCESS THROUGH INTEGRITY We conduct business with integrity, character, and transparency. We recognize that our growth and long-term success result from the way we conduct ourselves with all of our stakeholders. DRIVEN BY INNOVATION We believe in tackling challenges head-on and pioneering sustainable, adaptable and forward-looking solutions, which in turn produce value for our partners. TRANSACTIONS–MULTIFAMILY PROPERTIES 75 Tresser (344 units) Stamford, CT 1400 Key and 1401 Wilson Redevelopment (800 Units) Arlington, VA Harbor Landing (218 units) Stamford, CT The Blake (300 units) Alexandria, VA 1900 North Beauregard (330 units) Alexandria, VA 1400 Key and 1401 Wilson Redevelopment Arlington, VA TRANSACTIONS–MULTIFAMILY PROPERTIES University Commons (218 units) Williston, ND Regency Apartment Homes (144 units) Williston, ND The Willow (338 units) North Charleston, SC 900 Long Ridge Road (512 units) Stamford, CT The Hudson at Cane Bay (300 units) Summerville, SC The Mason (264 units) Ladson, SC Nexjen Real Es tate Overview New York-based Nexjen Real Estate (“Nexjen”) was founded by Jacob Entel in 2020. The firm focuses on real estate development, acquisitions, brokerage, and consulting across multi-family & industrial assets in the Northeast US. Creative approaches and long-standing relationships within the industry allow Nexjen to see and create opportunities where others do not. Nexjen currently owns and manages 250,000 s.f. of industrial real estate in the Northeast US. The firm is also in development on two multifamily projects in Storrs, CT, that consist of 400 market and affordable rental units, as well as a 150-unit rental development in Astoria, Queens. Rental Development Storrs, CT MFI Distribution Center Croton on Hudson, NY Rental Development Astoria, Queens Location & Area 1 HALF MOON BAY DRIVE Site Photos Walk to Everything Aerial View Feedback & Potential Next Steps