Sample OMs

CONFIDENTIAL OFFERING MEMORANDUM STRICTLY PRIVATE & CONFIDENTIAL

COMPARABLES CANAL PARK – PROJECT PRESENTATION Canal Park Aventura Optima Harbour Centre at One Aventura Beacon Tower (SUBJECT) Plaza Aventura Executive Center Address 3323 NE Sunny Isles 21500 Biscayne Blvd., 18851 NE 29th Ave., 20900 Northeast 30th 2690 NE 203 St., STRICTLY PRIVATE & CONFIDENTIAL Blvd., FL 33160 Aventura, FL 33180 Aventura, FL 33180 Ave., Aventura, FL Aventura, FL 33180 Distance form Subject 33180 Rentable SF - Building Height 72,370 4.6 miles 3.2 miles 4.4 miles 3.9 miles Year Built 7 floors 110,000 88,500 Occupancy 2016 – Under Dev. 114,022 214,000 10 floors 12 floors 2008 2015 – Under Dev. Avg. Asking Rent / SF Under Development 9 floors 11 floors 99% sold (office- Selling currently Executive Suite Occupancy $60.00 (blended w/ condo) Avg. Asking Executive Suite executive) 2013 2003 $47.00 to $52.00 Condo office building Rent / SF Under Development N/A Avg. Asking Sales / RSF 80% occupied N/A 100% N/A $120 (recently completed) $110 n/a – rental building $45.00 to $55.00 $53.00 N/A 100% N/A $120 n/a – rental building n/a – rental building Condo Units: $600/SF Condo Units: $517/SF 2

BUILDING AREA CANAL PARK – PROJECT PRESENTATION GROUND FLOOR THIRD FLOOR - OFFICE / PARKING 4A & 4B FIFTH FLOOR - ELEVATION 48'-0\" AFF OFFICE AREA 53,131 TOILETS 2,076 ADMIN AREA 580 OFFICE AREA, ELEVATION 22'-0\" AFF) 6,564 OFFICE AREA, ELEVATION 48'-0\" 12,166 VERTICAL CIRCULATION 5,364 TOILETS 104 TOILETS 384 TOILETS 384 PARKING AREA (ELEVATION -3\"-0\" & + 1'-8\") 81,913 VERTICAL CIRCULATION 856 VERTICAL CIRCULATION 686 VERTICAL CIRCULATION 524 COMMON AREA 6,623 PARKING AREA (ELEVATION -3\"-0\" & + 1'-8\") 16,106 PARKING AREA (ELEVATION 22'-6\" & 26'-8\" AFF) 14,510 PARKING AREA SERVICE AREA 3,477 COMMON AREA 2,179 COMMON AREA 922 COMMON AREA 0 STORAGE 153 SERVICE AREA 1,908 SERVICE AREA 344 SERVICE AREA 737 WATER BASIN 2,255 STORAGE STORAGE STORAGE 293 COVERED WALKWAYS / PORTE COCHERE 1,244 WATER BASIN 2,255 BALCONY 0 BALCONY BALCONY 1,546 COVERED WALKWAYS / PORTE COCHERE 1,244 369 50 TOTAL TOTAL GROUND FLOOR 25,232 TOTAL THIRD FLOOR / PARKING 4A & 4B 749 157,782 23,779 TOTAL NET USUABLE SECOND FLOOR / PARKING 2A & 2B TOTAL FIFTH FLOOR 14,903 53,131 COMMON AREAS FOURTH FLOOR - OFFICE / PARKING 5A & 5B SIXTH FLOOR - ELEVATION 61-0\" AFF BALCONY 17,694 STRICTLY PRIVATE & CONFIDENTIAL 1,546 OFFICE AREA * Included in occupancy area 2,751 OFFICE AREA , ELEVATION 35'-0\") 6,785 OFFICE AREA, ELEVATION 61'-0\" 12,166 PARKING TOILETS 50 TOILETS 384 TOILETS 384 OTHER AREAS 81,913 VERTICAL CIRCULATION VERTICAL CIRCULATION 709 VERTICAL CIRCULATION 549 TOTAL 3,499 PARKING AREA (ELEVATION 5'-10\" & 10'-0\" AFF) 851 PARKING AREA (ELEVATION 30'-10\" & 35'-0\" AFF) PARKING AREA 0 COMMON AREA 14,634 COMMON AREA 14,509 COMMON AREA 737 Total rentable Area: 157,782 SERVICE AREA SERVICE AREA 741 SERVICE AREA 268 Total Area: 526 STORAGE 282 STORAGE 50 72,370 TOTAL INTERMEDIATE LEVEL / 89 BALCONY 0 BALCONY 143 157,782 PARKING 2A & 2B 143 TOTAL SIXTH FLOOR 14,297 TOTAL FOURTH FLOOR OFFICE / 23,553 18,902 PARKING 5A & 5B PARKING 3A & 3B INTERMEDIATE LEVEL 6A SEVENTH FLOOR - ELEVATION 74-0\" AFF OFFICE AREA 0 OFFICE AREA 0 OFFICE AREA, ELEVATION 74'-0\" 12,118 TOILETS 0 TOILETS 0 TOILETS 384 VERTICAL CIRCULATION 321 VERTICAL CIRCULATION 345 VERTICAL CIRCULATION 524 PARKING AREA (ELEVATION 14'-2\" & 18'-4\" AFF) 14,864 PARKING AREA (ELEVATION 39'-2\" AFF) 7,290 PARKING AREA 0 COMMON AREA 0 COMMON AREA 0 COMMON AREA 782 SERVICE AREA 0 SERVICE AREA 0 SERVICE AREA 293 STORAGE 0 STORAGE 0 STORAGE 53 BALCONY 143 SECOND FLOOR / PARKING 3A & 3B TOTAL INTERMEDIATE LEVEL 7,635 TOTAL SEVENTH FLOOR 14,297 15,185 PARKING 6A 3



(NOI) (1) (1) (1) (1) (1) (Valuation) 9,000,000 120,000,000 7,500,000 2015 2019 100,000,000 6,000,000 80,000,000 4,500,000 60,000,000 3,000,000 40,000,000 1,500,000 20,000,000 0 0 2016 2017 2018 (2) (1) (1) Per key valuation excludes value contribution from signage operations. (2) 5-year average.

▪ 28 exclusive poolside rooms ▪ Two grand wall-mounted ▪ Skybar and lounge billboards ▪ 1 resort pool, 1 lap pool, 2 ▪ Occupied by tenants such as hot tubs Apple, GM, Bacardi, etc. ▪ Spa facility ▪ Fitness and yoga rooms ▪ 144 parking spaces ▪ 5-star valet service ▪ 9 floors ▪ 101 guestrooms ▪ 5000+ sf of meeting & banquet space ▪ 200 seat 5-star restaurant and bar ▪ 2,000 sf lounge ▪ 2,000 sf outdoor dining deck