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Our Philosophy We are a passionate team of investors dedicated to providing superior management of commercial real estate projects nationwide. At Reynolds Asset Management, our team’s combined decades of hands-on management experience inform our investment strategy, from the onset of the process to project completion. It is our strongest belief that an investment in a property is an investment in a community and we utilize this principle, in combination with our management expertise, to affect tangible, positive change and continue to build upon our growing portfolio of successful projects. We invite you to learn more about our team, and the experiences they bring to the table, below. Meet The Team Louis Reynolds Founder & CEO Matthew Earl Chief Operating Officer Adam Triglia Managing Director Matthew Breuer Director & General Counsel Joe Raitt Director - Acquisitions Sam Magalnik Director - Asset Management Mammad Shahbazov SVP - Asset Management Sal Campisi SVP - Asset Management Luly Bestard Melarti VP - Architecture & Design Michael Frisse Controller Sofia Melarti Analyst - Asset Management

The Reynolds Asset company believes that while all aspects of the deal cycle are very important, management of an asset is key to the successful delivery of our investment objectives. Our focus is geared towards commercial real estate investments. REYNOLDS ASSET MANAGEMENT We are passionate sponsors and operators of multifamily real estate investments in communities across the eastern seaboard. Get To Know Us CURRENT PROJECTS Click below to learn about our projects we are operating or under construction. LEARN MORE COMPLETED PROJECTS Click below to learn about projects we have completed. LEARN MORE CONTACT Investors: Access our Investor Portal InvestNext here

CURRENT PROJECTS Looking out onto the lake from the Pool Deck Closup of Building and Lake Lake 1 Looking East Looking out onto the lake from the Pool Deck 1/5 Cape Coral, FL Multifamily Development Name: Embers Lakes Location: Cape Coral , FL Deal Type: New Construction - Multifamily Anticipated Construction Start: April, 2022 Anticipated Lease-up Start: December , 2023 Phase 1: 690 Units Phase 2: 647 Units Proect Video CANVAS CANVAS CANVAS Street View CANVAS 1/6 CANVAS Name: CANVAS Location: Lawrenceville, NJ Deal Type: New Construction - Multifamily and Retail Anticipated Start Date : July, 2024 Anticipated Construction Completion: November , 2025 Units: 205 & 17,000 Sq Ft of Retail Canvas Apartments | Lawrenceville, NJ (canvaslawrence.com) Orange Valley Lofts - Aerial RAM Orange Valley Lofts - Street View RAM Orange Valley Lofts - Roof Deck RAM Orange Valley Lofts - Aerial RAM 1/5 The Mural Apartments Name: Orange Valley Apartments Location: Orange , NJ Deal Type: New Construction - Multifamily Acquisition date: June, 2021 Construction Completion: November , 2023 Units: 103 Luxury Apartments in Orange, NJ (themuralnj.com) Violet Estates Violet Estates Violet Estates Violet Estates Violet Estates 1/7 Name: Violet Estates Location: Town of Poughkeepsie, NY Deal Type: New Construction - Multifamily Acquisition date: December, 2020 Construction Completion: June, 2022 Units: 90 Violet Estates – Apartments for Rent (violetestatesny.com) PPOP PPOP PPOP PPOP 1/3 Princeton Pike Office Park Name: Princeton Pike Office Park Location: Lawrenceville, NJ Deal Type: Value Add - Office Acquisition Date: May 2022 Rentable Square Feet: 260,000 Stissing 1 Stissing 2 Stissing 8 Stissing 1 1/8 Stissing Farm Townhomes Name: Stissing Farm Townhomes Location: Pine Plains , NY Deal Type: New Construction - Condo Acquisition date: March, 2021 Construction Completion: November, 2022 Units: 48 Stissing Farm Townhomes is a pet-friendly apartment community in Pine Plains, NY PAS PAS PAS PAS 1/3 The Park at Summerhill Name: The Park at Summerhill Location: Texarkana, TX Deal Type: Value Add - Multifamily Acquisition date: February, 2024 Units: 184 Apartments for Rent in Texarkana, TX | Park at Summerhill - Home WR WR WR 1/2 Westridge Apartments Name: Westridge Apartments Location: Texarkana, TX Deal Type: Value Add - Multifamily Acquisition date: February, 2024 Units: 176 Westridge South Texarkana, TX | Welcome Home (westridgetexarkana.com) Preston Place Preston Place Preston Place 1/2 Preston Place North|South Name: Preston Place North | South Location: Bossier City, LA Deal Type: Value Add - Multifamily Acquisition date: October 2023 Units: 272 Preston Place is a pet-friendly apartment community in Bossier City, LA TSH 1 TSH 2 TSH 5 TSH 1 1/5 Townhomes at South Highlands Name: Townhomes at South Highlands Location: Shreveport, LA Deal Type: Value Add - Multifamily Acquisition date: October 2023 Units: 228 Apartments | Lakeville Townhomes | Shreveport (aptsp.com) Hyde Park Front Hyde Park Hyde Park Hyde Park Front 1/3 Hyde Park Name: Hyde Park Location: Columbus, OH Deal Type: Value Add - Multifamily Acquisition date: April 2024 Units: 176 Hyde Park | Apartments in Columbus, OH (hydeparkcolumbus.com) CWE CWE 2 CWE 3 CWE 1/3 Commons at Waters Edge Name: Commons at Waters Edge Location: Columbus, OH Deal Type: Value Add - Multifamily Acquisition date: February 2025 Units: 432 The Commons at Waters Edge | Apartments in Columbus,OH Edgewater Edgewater 1/1 The Life at Edgewater Landing Name: The Life at Edgewater Landing Location: Columbus, OH Deal Type: Value Add - Multifamily Acquisition date: October 2025 Units: 724 Life at Edgewater Landing Columbus OH Riverside Oaks Pool Riverside Oaks Riverside Oaks overview Riverside Oaks Pool 1/5 Riverside Oaks Name: Riverside Oaks Location: Shreveport, La Deal Type: Value Add - Multifamily Acquisition date: July 2024 Units: 185 Riverside Oaks | Apartments in Shreveport, LA Park Place Park Place Park Place Park Place 1/5 Park Place Brook Park Name: Park Place Brook Park Location: Brook Park, OH Deal Type: Value Add - Multifamily Acquisition date: June 2023 Units: 125 Park Place Brook Park | Apartments in Brook Park, OH (parkplacebp.com) Park Lamont Apartments and Townhomes Park Lamont Apartments and Townhomes Unit Park Lamont Apartments and Townhomes Gym Park Lamont Apartments and Townhomes 1/5 Park Lamont Apartments and Townhomes Name: Park Lamont Apartments and Townhomes Location: Cleveland OH Acquisition date: June 2025 Units: 77 Luxury Apartments in Cleveland, OH | (parklamont.com) The Lumos Apartments The Lumos Apartments Unit The Lumos Apartments Lounge The Lumos Apartments 1/4 The Lumos Apartments Name: The Lumos Apartments Location: Cleveland OH Acquisition date: June 2025 Units: 42 Luxury Apartments in Cleveland, OH | (thelumosapts.com) Bound Brook 2 Bound Brook 3 Capture Bound Brook 2 1/3 Spring Street Commons Side Spring Street Commons Spring Street Commons Side 1/3 Name: Spring Street Commons Location: Newark, NJ Deal Type: New Construction - Multifamily Acquisition date: March, 2018 Construction Completion: September, 2020 Units: 87 Occupancy: 100 % Spring Street Commons (springstreetcommonsnj.com) Western PA Portfolio Pine Tree Village Pine Tree Village Newberry Apartments Pine Tree Village 1/3 Name: Newberry Apartments & Pinetree Village & Valley View Location: Grove City & West Middlesex & New Wilmington, PA Deal Type: Value-Add - Multifamily Acquisition date: December 2019 Units: 194 Occupancy: 95% Bound Brook, NJ Development Name: The Vibe Location: Bound Brook, NJ Deal Type: New Construction - Mixed Use Acquisition date: March, 2019 Units: 28 Occupancy: 100 % Borough of Bound Brook New Jersey

Matthew Breuer Director & General Counsel My Story Matt joined Reynolds Asset Management in March 2025, bringing extensive experience from both the legal and private equity sectors. After graduating from law school, Matt began his career at a prominent Michigan law firm, where he became a partner specializing in real estate law, mergers, and acquisitions. During his tenure, he advised clients throughout the entire acquisition and sale process, successfully closing numerous transactions spanning diverse industries and enterprise values. Matt served as lead counsel in complex deal negotiations, supervised comprehensive legal and operational due diligence processes, and provided strategic general counsel to a variety of organizations. In recognition of his professional excellence, Matt was named among "Best Lawyers in America: Ones to Watch" in 2023 for his achievements in mergers and acquisitions and real estate. In late 2023, Matt transitioned into private equity, where he led deal origination efforts, managed acquisition processes, and served as corporate counsel. He guided organizations in developing and executing robust business strategies, collaborated closely with management teams on corporate governance, ensured regulatory compliance, and advised on organizational formation matters. Matt holds a Bachelor of Arts degree from Michigan State University and earned his Juris Doctor from Wayne State University. Contact I'm always looking for new and exciting opportunities. Let's connect. mbreuer@reynoldsasset.com 248-568-2834

Matthew Earl Chief Operating Officer My Story Matthew joined Reynolds Asset Management in 2019 after relocating from South Florida, where he owned and operated a multifamily investment and development company primarily focused on value-add and heavy rehabilitation projects. In the course of that business, Matthew oversaw all aspects of the investment cycle, with a focus on underwriting, management and implementation of value-add strategies. Matthew has successfully translated his Bachelors of Science in Accounting and years working in Public Accounting into the real estate sector. While working in Public Accounting, Matthew focused on tax and advisory services for real estate sector clients, including management consultancy and implementing tax efficient corporate structures and strategies. It was during those years of exposure to the real estate business and the principals who were operating them that Matthew developed a passion for the business himself. Matthew's background and skill set in accounting and finance combined with his years of hands-on management and development experience allow him to effectively navigate and execute on the complex and unique projects at Reynolds Asset Management . Contact I'm always looking for new and exciting opportunities. Let's connect. matthew@reynoldsasset.com

COMPLETED PROJECTS A sample of our completed projects Independence Place Photo Jun 04, 12 45 20 PM IP Basketball 1/4 Name: Independence Place Apartments Address: Hinesville, GA Date of Purchase: 9/12/2019 Date of sale: 7/29/2021 ROI: 47% Purchased property with severe occupancy and operational issues. Instituted management and operational overhaul including a value-add renovation program. Sold property less than two years later at full occupancy and a significantly improved rent-roll Sandpiper Apartments Sandpiper_01a sandpiper-apartments-warner-robins-ga-bu image Sandpiper_01a 1/3 Name: Sandpiper Address: Warner Robbins, GA Date of Purchase: 6/1/16 Date of sale: 3/4/19 ROI: 222% 530 unit apartment complex, built in 1986. We renovated a significant portion of the property and sold as a value add asset to the next buyer 210-214 Franklin St. 210 Franklin - 2015-11-01 (9) 210 Franklin - 2015-11-01 (9) 1/1 Name: 210-214 Franklin St. Address: Bloomfield, NJ Date of Purchase: 7/2/15 Date of sale: 7/13/16 ROI: 67% 49 unit apartment complex which was purchased heavily fire damaged. Successfully renovated and stabilized the asset in one year and sold to a long time Investor 210 Franklin - 2015-11-01 (9) 210 Franklin - 2015-11-01 (9) 1/1 65 Prospect St. 65 Prospect - 2014-11-07 (3) 65 Prospect - 2014-11-07 (3) 1/1 Name: 65 Prospect St. Address: East Orange, NJ Date of Purchase: 9/18/14 Date of sale: 5/29/15 ROI: 148% Rescued a gutted building where the developer ran out of money in the bank was about to foreclose. Successfully completed the renovation work and sold the property at a profit for the original developer and the bank was made whole Mill Creek picture-uh=7220155e604af929015fc3157f9b5 download picture-uh=7220155e604af929015fc3157f9b5 1/2 Name: Mill Creek Apartments Address: Wilmington, DE Date of Purchase: 1/2/14 Date of sale: 9/13/18 ROI: 15% 156 unit apartment complex built in 1973. Purchased the property at distressed occupancy levels and successfully stabilized the community and sold for a large profit Limestone Limestone Limestone 1/1 Name: Limestone Apartments Address: Wilmington, DE Date of Purchase: 1/2/14 Date of sale: 9/13/18 ROI: 14% 136 unit apartment complex built in 1978. Purchased the property at distressed occupancy levels and successfully stabilized the community and sold for a large profit 2603 Southern Ave c20ca022c5e7afc68749e9fe9bd09f69c-f0xd-w c20ca022c5e7afc68749e9fe9bd09f69c-f0xd-w 1/1 Name: 2603 Southern Ave Address: Temple Hills, MD Date of Purchase: 11/1/15 Date of sale: 8/27/17 ROI: 74% Purchased distressed 427 unit apartment complex consisting of multiple buildings. Successfully turned around operations and increased The NOI by 50% within three years before selling the property for a large profit 12-20 Canfield St image image 1/1 Name: Canfield Street Address: Orange, NJ Date of Purchase: 4/30/15 Date of sale: 6/13/19 ROI: 70% Purchased an existing 17 unit building constructed in 1927 along with a three-family frame construction building on an adjacent lot. Successfully navigated zoning and planning board requirements to merge the lots together and build 31 additional units where the three family once was. Successfully stabilized and sold recognizing a large gain Please contact us using the form below for a full summary of completed projects

Sofia Melarti Analyst - Asset Management My Story Sofia joined Reynolds in 2024 after graduating from Rutgers Business School, where she double majored in Business Analytics and Marketing. During her time at Rutgers, she worked at marketing analyst internships where she developed a strong foundation in data interpretation and digital strategy. Sofia works closely with both the asset management and property management teams to streamline operations in property performance and new project management. Contact I'm always looking for new and exciting opportunities. Let's connect. sofia@reynoldsasset.com 201-819-0345

Louis Reynolds Founder and Chief Executive Officer My Story Lou Reynolds began his real estate investing career in 1998, investing in both development and existing multifamily projects. Since that time, Lou has amassed a wealth of experience and a laudable resume of investment successes. Regardless of asset class, area or market challenge, Lou brings an uncanny ability to maximize an investments potential while minimizing downside risk. Lou attributes his investment prowess from the rigor of his computer consultancy experience. After graduating from Marist College with a degree in business, Lou worked for a computer consultancy designing and implementing complex software systems. Fully understanding the necessity for thoughtful system design and implementation in order for the system to work, Lou transferred that skill set to real estate. Though particularly accomplished with computers and technology and even starting a computer consultancy of his own; Lou always maintained a connection to real estate. In the early 2000’s, Lou began purchasing, rehabbing and successfully exiting multifamily properties in Hoboken, Jersey City, and other towns in New Jersey. In 2008, having recorded a substantial record of success in real estate, Lou eventually devoted his attention to real estate full time. Lou brings a wealth of real estate experience, investment knowledge and unwavering management focus in delivering on the potential available in a current real estate asset or development deal. Lou has a pedigree of over 100 successful purchase and sale transactions in the multifamily space, most of which concentrated in the value added or opportunistic area. Lou is adept at the physical and fiscal evaluation of any type of real estate investment; he has the breadth and depth of knowledge and tangible property management experience that allows him to quickly separate fact from fiction. From deal sourcing, deal modeling, evaluation and management, Lou brings a unique and laudable multidimensional skill set exemplified in the returns delivered to our investors. Contact I'm always looking for new and exciting opportunities. Let's connect. lou@reynoldsasset.com 201-988-8382

Reynolds Asset Management Operator Insights Unlocking Potential in Tertiary Real Estate Markets (May 6, 2025)

Sam Magalnik Director - Asset Management My Story Sam joins RAM with over eight years of experience in asset management, specializing in U.S. multifamily real estate. He has managed large, complex apartment portfolios on behalf of institutional and sophisticated ownership groups in Canada, where he was responsible for executing strategic business plans, optimizing asset performance, and driving long-term value. Sam played a key role in delivering detailed financial analysis and reporting to senior leadership and key stakeholders, providing insights that informed investment decisions and supported ownership objectives across the portfolio. Throughout his career, Sam has led end-to-end budgeting and financial reporting processes, overseen multimillion-dollar capital improvement projects, and implemented targeted revenue management strategies. He has successfully rolled out key initiatives aimed at maximizing rental income, improving operational efficiency, and enhancing resident satisfaction. In addition, Sam has leveraged property technology platforms and business intelligence tools to streamline reporting, monitor KPIs in real time, and support data-driven decision making across his portfolios. He brings a strong track record of aligning operational execution with ownership goals and consistently delivering measurable results. Sam holds a Bachelor of Commerce from the University of Alberta and an MBA with a specialization in Real Estate and Infrastructure from the Schulich School of Business in Toronto. Outside of work, Sam enjoys playing hockey and golf, and is a passionate Calgary Flames fan. Contact I'm always looking for new and exciting opportunities. Let's connect. sam@reynoldsasset.com 403-389-5660

Joe Raitt Director - Acquisitions My Story Joe joined Reynolds Asset Management in 2025 after working in several high-profile acquisitions and leadership positions. His experience has seen him successfully undertake roles in the institutional, private equity and family office sectors. Joe has broad reaching acquisitions experience including sourcing, structuring, negotiating and closing a diverse range of commercial real estate and private equity transactions. This experience includes multifamily, retail, industrial and office across the United States. Throughout the course of his career, Joe has primarily focused on value-add and opportunistic investment strategies and overseen the full spectrum of the investment cycle focusing on underwriting, due diligence and closing of transactions. Joe has successfully executed on transactions with a gross asset value of over $6bn. In addition to real estate acquisitions, Joe also has experience in joint venture formation and equity capital raising, asset management and portfolio management. Joe was educated at Kings College London and Cass Business School. Prior to starting his career in real estate, Joe played professional rugby in London for 5 years. Contact I'm always looking for new and exciting opportunities. Let's connect. joe@reynoldsasset.com 908-447-9219