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Closing Statement in regards to Chicago Title Company, LLC Z0Z-1- 32 8 s- • Chicago Title Company, LLC O CHICAGO TITLE 200 South Tryon Street, Suite 800 Charlotte, NC 28202 Phone: (704)375-0700 Fax: (704)332-7509 Closing Statement Settlement Date: April 12,2024 Disbursement Date: April 12,2024 Escrow Number: 23-15547CHE Escrow Officer: Shannon Cabe Escrow Officer Email: Shannon.Cabe@ctt.com Buyer: AFFILIATED 1031 LLC, as Qualified Intermediary for RK Rivani LLC Seller: CLPF—Lincoln, LLC Lender: Amerant Bank, N.A. Property: 1691 Michigan Avenue Miami Beach, FL 33139 Miami-Dade County Seller Buyer Debit Credit Debit Credit FINANCIAL CONSIDERATION 62,500,000.00 Purchase Price 62,500,000.00 Initial Deposit 1,000,000.00 AFFILIATED 1031 LLC Additional Deposit 1,000,000.00 AFFILIATED 1031 LLC Extension Deposit 1,000,000.00 AFFILIATED 1031 LLC IBA INT EARNED 25,156.53 RK Rivani LLC Exchange Funds-AFFILIATED 1031 LLC 6,776,375.59 Principal Amount of New Loan [$52,500,000.00] Draw 44,187,500.00 Balance: [$8,312,500.00] LOAN CHARGES-NET FUNDED BY LENDER $371,984.00 Lender Fee ($331,406.25 less$26,988.00 POC) 304,418.25 Tax Service Fee 4,401.00 Flood Certification P.O.C.$12.00 Appraisal Fee P.O.C.$7,000.00 Appraisal Review Fee P.O.C.$1,000.00 Lender Fee 62,343.75 Tax Service Fee 821.00 PRORATIONS 393,869.01 Real Estate Taxes-2024(est) 393,869.01 Printed on 4/12/2024 12:47:25 PM 23-15547CHE Page 1 of 5 Closing Statement Seller Buyer Debit Credit Debit Credit PRORATIONS(continued) 456,425.45 Base Rent Monthly 456,425.45 19 days @ 24022.392 per day at$720,671.76 04/12/24-04/30/24 79,733.96 Escalations Monthly 79,733.96 19 days @ 4196.524333 per day at$125,895.73 04/12/24-04/30/24 1,395.65 Recurring Utilities Monthly 1,395.65 19 days @ 73.455333 per day at$2,203.66 04/12/24-04/30/24 76,575.08 Ground Lease % Rent 76,575.08 1,016.15 Flood Insurance 1,016.15 DEBIT/CREDIT ADJUSTMENTS 343,750.00 Commission Credit 343,750.00 .55%of PP 1,000,000.00 Repair Credit 1,000,000.00 398,023.69 Security Deposits 398,023.69 64,240.32 Prepaid Rents 64,240.32 59,343.57 Rent Concessions 59,343.57 135,782.20 Escalations Abatement 135,782.20 2,195,778.00 Tenant Improvements 2,195,778.00 22,781.41 Expenses Expected 22,781.41 24,155.93 Expenses Paid 24,155.93 500.00 LOC Transfer Fee 500.00 TITLE/ESCROW CHARGES 1,250.00 Escrow Fee/Disbursement of Funds/Prep of 1,250.00 Closing Statement to Chicago Title Company, LLC 59,727.50 Title Premium/Endorsement Fee/Search/Exam/ 11,645.00 Coordination Fee to Chicago Title GOVERNMENT CHARGES Estimated Recording Fees to Chicago Title 1,000.00 375,000.00 Transfer Tax Ground Lease to Chicago Title 281,250.00 Surtax Ground Lease to Chicago Title Mortgage Tax to Chicago Title 183,750.00 COMMISSIONS 343,300.00 Commissions-Seller's Broker to CBRE, Inc. Commissions-Buyer's Broker to Newmark&Co. 343,750.00 Real Estate ADDITIONAL CHARGES Lender Attorney Fees to Greenberg Traurig, P.A. 85,250.00 Seller Attorney Fees to Mayer Brown LLP P.O.C. 14,571.50 Attorney Fees-Local to Akerman LLP Printed on 4/12/2024 12:47:25 PM 23-15547CHE Page 2 of 5 Closing Statement Seller Buyer Debit Credit Debit Credit ADDITIONAL CHARGES(continued) 2,848.90 Violation and Permit Fees to City of Miami Beach Liability Insurance to Banyan Street Risk 29,550.00 Management LLC 56,219,025.84 Proceeds for CLPF—Lincoln, LLC to Clarion Lion Properties Fund Holdings, LP 62,525,172.08 62,525,172.08 Subtotals 63,553,351.08 59,217,230.46 Balance Due FROM Buyer 4,336,120.62 0.00 Balance Due TO Seller 62,525,172.08 62,525,172.08 Totals 63,553,351.08 63,553,351.08 See signature page to follow Printed on 4/12/2024 12:47:25 PM 23-15547CHE Page 3 of 5 Closing Statement ACKNOWLEDGMENT AND APPROVAL I (Buyer/Seller)understand that Chicago Title Company, LLC, has assembled the information in this Closing Statement from the best information available from other sources and cannot guarantee the accuracy or completeness of the information provided. Chicago Title Company, LLC, shall not be liable for any sums of money due as a result of the addition of a charge item not reflected on the Closing Statement and/or a change in the amount of a charge shown on the Closing Statement. I(Buyer/Seller)acknowledge my approval and signify my understanding that tax and insurance prorations and reserves are based on amounts for the preceding year or supplied by others or estimated for the current year; and in the event of any change for the current year or prior year(s),all necessary adjustments will be made between Buyer and Seller directly. Should Chicago Title Company, LLC,in order to facilitate closing of the transaction, choose to advance funds to cover any deficit in the amount collected for a charge and the actual amount due, Chicago Title Company, LLC, shall be promptly reimbursed by the party(Buyer or Seller)responsible for such payment under the purchase and sale contract between the Buyer and Seller. I (Buyer/Seller)certify that I have carefully reviewed the Closing Statement and,to the best of my knowledge and belief,it is a true and accurate statement of all receipts and disbursements required to be made on my account or by me in this transaction. I (Buyer/Seller)further certify that I have received a copy of the Closing Statement and authorize Chicago Title Company, LLC,to cause the funds to be disbursed in accordance with this Closing Statement. BUYER RK Rivani LLC Florida limited liability company B ' Name: R©herf Merl" Title: Manager Printed on 4/5/2024 11:20:47 AM 23-15547CHE Page 3 of 4 Closing Statement ACKNOWLEDGMENT AND APPROVAL I (Buyer/Seller)understand that Chicago Title Company, LLC, has assembled the information in this Closing Statement from the best information available from other sources and cannot guarantee the accuracy or completeness of the information provided. Chicago Title Company, LLC, shall not be liable for any sums of money due as a result of the addition of a charge item not reflected on the Closing Statement and/or a change in the amount of a charge shown on the Closing Statement. I (Buyer/Seller)acknowledge my approval and signify my understanding that tax and insurance prorations and reserves are based on amounts for the preceding year or supplied by others or estimated for the current year; and in the event of any change for the current year or prior year(s), all necessary adjustments will be made between Buyer and Seller directly. Should Chicago Title Company, LLC, in order to facilitate closing of the transaction, choose to advance funds to cover any deficit in the amount collected for a charge and the actual amount due, Chicago Title Company, LLC, shall be promptly reimbursed by the party(Buyer or Seller)responsible for such payment under the purchase and sale contract between the Buyer and Seller. I (Buyer/Seller)certify that I have carefully reviewed the Closing Statement and,to the best of my knowledge and belief, it is a true and accurate statement of all receipts and disbursements required to be made on my account or by me in this transaction. I (Buyer/Seller)further certify that I have received a copy of the Closing Statement and authorize Chicago Title Company, LLC,to cause the funds to be disbursed in accordance with this Closing Statement. SELLER CLPF—Lincoln, LLC, a Delaware limited liability company By: **SEE ATTACHED Name: Title: Printed on 4/12/2024 12:47:25 PM 23-15547CHE Page 5 of 5 SELLER: CLPF—LINCOLN, LLC, a Delaware limited liability company By: Clarion Lion Properties Fund Holdings, L.P., a Delaware limited partnership Its: Sole Member By: CLPF—Holdings,LLC, a Delaware limited liability company Its: General Partner By: Clarion Lion Properties Fund Holdings REIT,LLC, a Delaware limited liability company Its: Sole Member By: Clarion Lion Properties Fund, LP, a Delaware limited partnership Its: Managing Member By: Clarion Partners LPF GP,LLC, a Delaware limited liability company Its: General Partner By: Clarion Partners, LLC, a New York limited liability company Its: Sole Member By: Name: °"1-.X Title: Authorized Signatory Settlement Statement