Watsco Investment Portfolio

--17-Property Portfolio Anchored by Watsco (NYSE: WSO) – A Leading Publicly Traded Tenant with Over $7 Billion in Annual Revenue and Over 600 Locations
--Compelling 7% Cap Rate on Current Income | Current Rents are 50% Below Market, Offering Exceptional Upside Potential and a 14.81% Pro Forma Cap Rate
--High Credit Tenant--
-Corporate Backing: Guaranteed by Watsco, a High-Credit Tenant with $7 Billion in Annual Revenue
-Market Dominance: The Largest HVAC/R Distributor in the Americas, Solidifying its Industry Leadership
-Publicly Traded Stability: Listed on the NYSE (WSO) with a Market Capitalization of $23+ Billion
-Economic Resilience: Watsco’s Diversified and Recession-Resilient Business Model Positions it for Sustained Performance in all Market Conditions

--Strong Real Estate Fundamentals--
-Established Market Presence: Each Location is Deeply Integrated into its Respective Market, Ensuring Strong Tenant Operations, Even in Rural Areas, Contributing to the Attractive Cap Rate
-Proactive Management: The Current Landlord has Maintained and Improved These Properties Meticulously, Including Expansions and Upgrades to Enhance Value and Operational Longevity
-Favorable Cost Basis: Current Rents are Significantly Below Market Levels—Often Half or Less of Market, Offering Substantial Upside Potential Through Rental Adjustments
-Tenant Commitment: The Tenant’s Operations are Deeply Rooted in These Communities, with Locations Ideally Suited to Their Business, Minimizing the Likelihood of Relocation
-Value-Add Potential: Strategy Includes Raising rents to Market Levels and Securing New Leases with Market-Rate Renewal Options, Driving Long-Term Income Growth and Portfolio Value
Brokers of Record:
• Steve Greer
• License: BROK.995710346-ACT
• 10527 Kentshire Court, Suite B, Baton Rouge, LA 70810
• Phone: (225) 376-6800
• William M. “Dickey” Davis
• License: B-15586
• 5100 Poplar Avenue, Suite 2505, Memphis, TN 38137
• Phone: (901) 620-3626