The following information summarizes financial data and principal activities of the Company's unconsolidated joint ventures. The information included in the Summary of Financial Position table is as of September 30, 2026, and December 31, 2025 ($ in thousands).


SUMMARY OF FINANCIAL POSITION
	Company's Ownership	Total Assets				Total Liabilities				Total Equity (Deficit)						Company's Investment (Deferred Income)
	Interest	2026		2025		2026		2025		2026			2025			2026			2025
Operating Properties:
AMCO 120 WT Holdings, LLC	20%	$	72,888	$	73,982	$	2,145	$	1,732	$	70,743		$	72,250		$	12,908		$	13,201
Crawford Long - CPI, LLC (1) (2)	50%		20,936		20,882		84,554		83,869		(63,618	)		(62,987	)		(31,444	)		(31,067	)
Neuhoff Holdings LLC (3)	50%		593,459		591,844		283,403		271,606		310,055			320,238			172,915			178,723
TL CO Proscenium JV, LLC (4)	20%		175,754		94,240		87,926		3,498		87,828			90,742			4,909			18,479
Land:
715 Ponce Holdings LLC	50%		9,708		9,518		60		11		9,648			9,507			4,968			4,898
		$	872,745	$	790,466	$	458,088	$	360,716	$	414,656		$	429,750		$	164,256		$	184,234

(1)

Crawford Long - CPI, LLC has a mortgage loan for the Medical Offices at Emory Hospital property. This $83.0 million interest-only mortgage loan has a fixed interest rate of 4.80% and matures on June 1, 2032. The Company provides a customary "non-recourse carve-out guaranty" for this loan.

(2)

Negative balance is included in deferred income on the consolidated balance sheets.

(3)

The Neuhoff Holdings LLC properties have commenced initial operations. Total liabilities include a construction loan which had an initial borrowing capacity up to $312.7 million, of which the Company's share was $156.4 million. In September 2025, the joint venture entered into the first amendment to the construction loan, repaid $39.2 million of outstanding principal (reducing the current loan capacity to $273.5 million), and extended the maturity date to September 30, 2026. In September 2026, the joint venture exercised an option to extend the loan maturity to September 30, 2027. The construction loan now has a total outstanding principal amount of $254.9 million of which the Company's share is $127.4 million. The updated interest rate applicable to the construction loan is based on SOFR plus 3.00%, with a minimum rate of 6.25%. The interest rate on the loan as of September 30, 2026, was 6.80%. The Company and its joint venture partner guarantee their respective halves of the borrower's obligations to pay certain required equity contributions and project carrying costs, as well as timely completion of project construction. The Company and its partner also provide customary "non-recourse carve-out guaranties." Contemporaneous with the first amendment to the construction loan, the Company loaned its joint venture partner $19.6 million to fund its related contribution to the Neuhoff joint venture (see note 3).

(4)

In September 2026, TL CO Proscenium JV, LLC closed on an interest-only, delayed draw mortgage loan with a borrowing capacity of up to $125.9 million, of which the Company's share is $25.2 million. As of September 30, 2026, the principal amount outstanding is $87.1 million, of which the Company's share is $17.4 million. The interest rate applicable to the mortgage loan is based on SOFR plus 3.05%, with a SOFR floor of 2.75%, which had a rate of 6.963% as of September 30, 2026. The loan is scheduled to mature on October 9, 2029, and the joint venture has the option to exercise two one-year extensions, subject to certain conditions. The Company and its joint venture partner guarantee their respective portions of the borrower's obligations to pay certain required contributions for project carrying costs and leasing and tenant improvement costs. Our share of this funding commitment is $7.8 million. Additionally, on September 30, 2026, the Company received a $15.9 million distribution from the initial loan proceeds which was recorded as a reduction in our investment in the unconsolidated joint venture. Subsequent to quarter end, on October 1, 2026, the Company's partner received its related distribution of $63.5 million.

The information included in the Summary of Operations table below is for the nine months ended September 30, 2026 and 2025 ($ in thousands).


SUMMARY OF OPERATIONS
	Total Revenues				Net Income (Loss)						Company's Income (Loss) from Investment
	2026		2025		2026			2025			2026			2025
Operating Properties:
AMCO 120 WT Holdings, LLC	$	7,863	$	7,734	$	1,691		$	1,743		$	324		$	330
Crawford Long - CPI, LLC		10,537		10,793		2,370			2,462			1,089			1,138
Neuhoff Holdings LLC		23,130		14,248		(15,319	)		(14,342	)		(8,255	)		(7,518	)
TL CO Proscenium JV, LLC		9,027		11,411		(48	)		118			(187	)		(133	)
Land:
715 Ponce Holdings LLC		223		156		141			62			71			31
	$	50,780	$	44,342	$	(11,165	)	$	(9,957	)	$	(6,958	)	$	(6,152	)