TSTAT

• Pre Foreclosure - Situational Distressed Opportunity 
   

• Inheriting 6MM in Reserves totaling 8.5MM in reserves on Day One.
   

• Trophy Class A Office Campus 
   

• Prime location in Silicon Slopes
   

• Freeway visibility and unparalleled freeway access with offramp into project
   

• Deep Discount to replacement cost
   

• Strong Tax Advantaged Return through Bonus Depreciation (40% or 100% if approved)
   

• Strong in place Tenancy at over 95% occupancy 
   

• Stabilized Cash Flow starting on day 1
   

• Local Sponsor that will occupy space in project
   

• Boots on the ground Property Management
   

• No New Competing Supply

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