Passive Ownership

• Ownership of the fee position pursuant to an absolute NNN 99-year master lease provides assurance of zero landlord responsibilities for entire lease term.

Premier Mixed Use Tower in Richmond, CBD

• Gateway Plaza is a landmark 328,581 square foot mixed use tower that is the most recently built non-owner- occupied office building in the Richmond CBD, one of the most diversified and stable office markets in the southeast.

Secure Master Leased Fee Position Provides High Tax Basis At Minimal Cost

• This unique offering provides the opportunity to acquire the fee position of the Property as well as ownership of the building; thereby providing the new fee owner with a $159.7M depreciable tax basis and total asset value of $174.7M for minimal equity capital cost.

Long Term Fixed Rate High Leverage Assumable Financing

• Fee Position is financed by 38 year fixed rate assumable mortgage in a highly leveraged, zero cash flow structure, with paydown/readvance feature.

Additional Valuable Tax Benefits

• 60% Bonus Depreciation Benefits (2024) enable after tax recovery of equity within two (2) years of investment.
• Deal structure includes IRC §467 prepaid rent providing additional interest deductions for fee owner.