2021 to 2022 Key Transactions and Events

• M Residential invested in two accretive opportunities with total acquisitions for the year ended December 31, 2021 amounting to $4.5 million. These transactions consisted of 27 suites contained on 2 sites located in Gravenhurst and Barrie, Ontario.
• The REIT closed mortgage financing of $9.3 million for the year ended December 31, 2021 and discharged $4.4 million of existing debt.
• For the year ended December 31, 2021, the fair value of investment properties increased by $22.5 million. Excluding the impact of net acquisitions, the fair value of investment properties increased by $17.9 million (7.5%growth) for the year ended December 31, 2021.
• Consistent with the prior year, the REIT has maintained a very high level of rent collection, with over 99% of rents collected year to date with a 98.7% occupancy rate.
• On March 15, 2022, the REIT acquired a 28 suite multi-residential rental property located in Gravenhurst, Ontario.