Community Retail Center, ±115,000 Square Feet (Ceased Development, Partial Development) As Is & Liquidation Valuations Community Retail Center, ±140,000 Square Feet (Anchors, Junior Anchors, Pads, In-lines, End-Caps) As Is Valuation Neighborhood Retail Center, ±80,000 Square Feet (Anchor, In-lines, End-Caps) As Is Valuation Neighborhood Retail Center, ±84,000 Square Feet (Redevelopment – Anchor Bankruptcy) As Is & As Proposed Valuations Neighborhood Retail Center, ±103,000 Square Feet (Possible Dark Anchor) As Is & Go Dark Valuations Retail Strip Center, ±24,000 Square Feet (16 Office, Retail & Restaurant Tenants) As Is Valuation Retail Strip Center, ±18,500 Square Feet (8 Retail & Restaurant Tenants) As Is Valuation Retail Strip Center, ±18,000 Square Feet (Childcare & Retail Tenants) As Is Valuation Proposed ±7,500 Square Foot Brewery & Restaurant As Is & As Proposed Valuations Freestanding Pawn Shops (Five Buildings) As Is Valuation Automotive Service & Pre-Owned Sales Properties (3 Properties, Various Site Improvements) As Is Valuation Single Tenant NNN Freestanding (Existing & Proposed) Urgent Care, Urgent Care Extra, AutoZone, O’Reilly Auto Parts, Rent-A-Center, Dollar General (Various Locations Throughout AZ), Family Dollar, Carquest Fast Food Restaurants (Existing & Proposed) IHOP, TGIF, Carl’s Jr., 5 & Dinner, Chipotle, McDonald’s, Starbuck’s, Dutch Bros Coffee, Black Rock Coffee, Twin Peaks, Chuy’s Mesquite Broiler, Salad And Go, KFC, Kitchen 56, Lou Malnati’s, Tuft & Needle, Caribou Coffee, Bush’s Chicken, First Watch (Former Good Egg), 5 Guys Burgers & Fries, POMO, Boston Pizza, Streets Of New York

Industrial Office-Warehouse Complex, ±46,000 Square Feet (5 Buildings) As Is – Bulk & Individual Valuations Industrial Distribution Building, ±321,000 Square Feet As Is Valuation Industrial Cold Storage Property ±50,000 Square Feet As Is Valuation Heavy Industrial Building ±108,000 Square Feet As Is Valuation Light Industrial Office-Warehouse Building ±105,000 Square Feet As Is Valuation Light Industrial Manufacturing Building ±66,000 Square Feet As Is Valuation Light Industrial Manufacturing Properties (7 Buildings, ±460,000 Square Feet) As Is Valuation Light Industrial Complex, ±254,000 Square Feet (5 Buildings) As Is Valuation Light Industrial Complex, ±320,000 Square Feet (7 Buildings) As Is – Bulk & Individual Valuations Industrial Contractor’s Yard ±3.5 Acres As Is Valuation Industrial Contractor’s Yard, ±15,000 Square Feet On ±3.9 Acres As Is Valuation Industrial Trucking Facility (Various Site Improvements & Excess Land) As Is Valuation Industrial Office-Warehouse ±15,000 Square Feet (Light Rail Frontage) As Is Valuation Flex Office-Warehouse ±38,000 Square Feet (Real Estate Company’s Corporate Headquarters) As Is & As Proposed Valuations Flex Office-Warehouse ±86,000 Square Feet (3 Suites) As Is & As Proposed Valuations Flex Office-Warehouse Condominium Units (7 Units, ±22,000 Square Feet) As Is Individual & Bulk Valuations

Under Renovation ±77,000 Square Foot 3-Story Office Complex (5 Buildings) As Is & As Proposed Valuations Three-Story, ±91,000 Square Foot Office Building & Underground Parking Garage As Is Valuation Medical/Dental Condominium Unit ±3,000 Square Feet As Is Valuation Executive Office Building ±7,300 Square Feet As Is Valuation Three-Story, ±28,000 Square Foot Professional Office Building As Is Valuation Two-Story, ±34,000 Square Foot Office Building (AZ Trade Association’s Headquarters) As Is Valuation Two-Story, ±5,000 Square Foot Design Center (High-End Finishes) As Is Valuation Two-Story, ±15,000 Square Foot Medical Office Building (5 Tenants) As Is Valuation Sun Life Family Health Center, ±12,182 Square Foot Medical Center As Is & As Proposed Valuations Historic Office (Converted SFR) As Is Valuation Medical Office Property, ±17,000 Square Foot (7 Tenants) As Is Valuation General Office Property, ±13,000 Square Foot (9 Tenants) As Is Valuation

Multi-Family – 256 Units, Class A As Is Valuation Multi-Family – 76 Units, Class B As Is Valuation Multi-Family – 80 Units, Class C As Is Valuation Multi-Family – 304 Units, Class A As Is & As Proposed Valuations Multi-Family – 253 Units, Class A As Is & As Proposed Valuations Multi-Family – 408 Units, Class B As Is Valuation Multi-Family – 248 Units, Class B As Is Valuation Multi-Family – 197 Units, Class B As Is Valuation Multi-Family – 137 Units, Class C (Master Metered) As Is Valuation Multi-Family – 28 Units, Class C As Is Valuation Four (4) Property, Multi-Family Portfolio – 34 Units, Class C As Is Valuation Multi-Family – 8 Residential Condominium Units, Class A/B (±2,500 Average Unit Size) As Is Valuation Multi-Family – Fraternity House (ASU Campus) As Is Valuation

Mixed-Use PAD, ±1,100 Acres (Light & Heavy Industrial, Commerce, Various Density Residential) As Is Valuation Retail Subdivision PAD, ±5 Acres (Proposed Developed Site) As Is & As Proposed - Individual Lot & Bulk Valuations Commercial Land – Speculative, ±51 Acres (Preliminary Plat - Vacant) As Is Valuation Heavily Wooded Land – ±54 Acres As Is Valuation Low Density Single Family Residential Land – ±46 Acres As Is Valuation Low Density Single Family Residential Land – ±174 Acres As Is Valuation Agricultural Land – ±41 Acres (No Consideration Of Field Crops) As Is Valuation Retail Subdivision PAD, ±10 Acres (Previously Developed Site – Bank REO) As Is Valuation Mixed-Use PAD, ±160 Acres (Speculative Land Development) As Is Valuation Multi-Density Residential Land, ±300 Acres (Finished Lots & Platted & Engineered Lots) As Is – Bulk & Vacant Land Valuations Multi-Density Residential Land, ±140 & 155 Acres (Preliminary Platted & Engineered Lots) As Is – Bulk & Vacant Land Valuations High-Density Residential Land, (Density Up To 90,000 Square Feet On 14,000 Square Foot Site) As Is & If Entitled Valuations Multi-Density Residential Land, ±296 Acres (Vacant Land, Preliminary Plats) As Is Valuation Former Olive Tree Orchard, ±54.0 Acres As Is Valuation Proposed Private School Land Development, (Assemblage Of 7 Parcels - Varying Stages Of Development) As Is Individual & Bulk Valuations Single Family Subdivision, ±59 Lots (Platted & Engineered Lots & Finished Lots) As Is & As Proposed - Individual Lot & Bulk Valuations Single Family Subdivision, ±25 Lots (Platted & Engineered Lots & Finished Lots) As Is & As Proposed - Individual Lot & Bulk Valuations Single Family Subdivision, ±11 Lots (Finished Lots) As Is - Individual Lot & Bulk Valuations Single Family Subdivision, ±9 Lots (Finished Lots) As Is - Individual Lot & Bulk Valuations Mixed-Use PAD, ±158 Acres (Industrial, Retail, Various Density Residential) As Is Valuation Multi-Density Residential Land, (Duplex & Triplex Lots, Model Homes) As Is – Bulk Valuations Of Lots & Models Mixed-Use (Hotel, Office, Retail, Multi-Family), ±45 Acres (Horizontal Infrastructure Development) As Is & As Proposed - Individual Lot & Bulk Valuations

Proposed ±5,800 Square Foot, Full-Service Car Wash As Is & As Proposed Valuations Pre-School to Church Conversion As Is & As Proposed Valuations Sky Harbor Airport Parking Complex (Various Commercial & Site Improvements, ±1,950 Parking Spaces) As Is “Real Property” & “Going Concern” Valuations Existing & Expansion - Greek Orthodox Church, ±14,400 Square Feet As Is & As Proposed Valuations Existing & Expansion – Christian Church, ±140,000 Square Feet As Is & As Proposed Valuations Greek Orthodox Church, ±36,000 Square Feet (Commercial Buildings, Single Family Residences) As Is Valuation Christian Church, ±62,000 Square Feet As Is Valuation Presbyterian Church, ±29,000 Square Feet As Is Valuation Roman Catholic Church, ±56,000 Square Feet As Is Valuation Southern Baptist Church, ±59,000 Square Feet As Is Valuation Lutheran Church, ±59,000 Square Feet As Is Valuation Ranch Style-Retreat Property, ±45.1 Acres (Various Site Improvements, Cabins) As Is Valuation Existing Pre-Owned Luxury Automobile Dealership As Is Valuation Mobile Home/RV Park, ±96 Units As Is Valuation Self-Storage Facility, ±526 Units As Is Valuation Airport Restaurant/Bar (Leasehold) As Is & As Proposed Valuations Mixed-Use Complex, (Bakery, Brewery, Office, Duplex, SFR) As Is Valuation Animal Hospital, (Various Site Improvements) As Is Valuation Mixed-Use Complex, (Retail, Office, Gas Station, Ground Leased Pads) As Is Valuation Mixed-Use Complex, (Specialty Retail, Restaurant, Residential) As Is & As Proposed Valuations Specialty Retail Complex, ±48,000 Square Feet (49 Tenants - Specialty Retail, Restaurant) As Is Valuation Mixed-Use Complex, (Airplane Hangers, Office, Ground Lease) As Is Valuation Ranch Style-Retreat Property, ±69 Acres (Various Site Improvements, SFRs, Cabins) As Is & Liquidation Valuations Outdoor Auto/Boat/RV Storage & Service Facility, ±5 Acres As Is Valuation

WACOG (GSA Lease), ±11,000 Square Feet As Is & As Proposed Valuations Department Of Economic Security Office, ±36,000 Square Feet As Is & As Proposed Valuations Arizona Department Of Revenue, ±77,000 Square Feet As Is Valuation Veteran’s Affairs Medical Office Property, ±15,000 Square Foot As Is Valuation Department Of Economic Security Office, ±20,000 Square Feet As Is, Liquidation & Insurable Valuations