EFTA01375658

Cadence Master Plan (Mesa, AZ)* Key Facts Original Inv. Date: Equity Commitment: Partner: Homebuilding Lots: Apartment Units: Commercial: October 2012 $65M Harvard Investments 2,080 Up to 700 51 acres Project Overview • GTIS originally acquired the Cadence master plan in partnership with Harvard Investments in 2012, and is currently developing the infrastructure needed to support a community of over 2,500 residential units • Cadence and neighboring Eastmark are the only remaining fully approved master planned communities in the Chandler-Gilbert- Mesa region of Southeast Valley • Designed for 2,080 single family lots, 350+ multifamily units, and 51 acres of commercial space • GTIS and Harvard Investments have completed development of (1) entry features and amenities serving the entire Cadence master plan; (2) Phase 1 onsite roads and infrastructure; and (3) individual home parcels to finished lots • All ten parcels (658 lots) in Phase 1 have been sold to seven national and regional homebuilders with plans to build and sell single-family homes. 163 homes sold since grand opening in October 2018 • Potential to separate B2R, multifamily and commercial parcels in the master plan into an Opp Zone to be developed by GTIS and Harvard Investments over a 10-year period •There can be no guarantee that the project will be consummated by GTIS Qualified Opportunity Fund LLC or at all 22 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0071214 CONFIDENTIAL SDNY_GM_00217398 EFTA01375658