Energy Provider to Fast-Growing Multi-Use Property $1.8M EBITDA

EBITDA set to more than double in 5 years

Overview
• Co-generation facility supplying electricity, chilled water, hot water and steam to growing
occupants of multi-use real estate property
• 14-building multi-use park comprises:
- Hotel and conference center
- Medical offices
- Manufacturing facilities
- Residential units
• 48 of 314 residential units have been developed and are occupied
• ~600,000 sq. ft. of commercial space redeveloped and occupied
• Remaining residential + manufacturing buildings under development and set to be
occupied in 2026-2030
• In place cash flow with substantial growth projected as the park redevelopment is
complete
• Plant recently fully upgraded for $7M

Future Story
• Develop approximately 600,000 sq. ft. for commercial and residential tenants
• Remaining residential units and manufacturing space forecast to be 100% occupied by
2030
• Minimal capex expansion required to support completion of the park redevelopment
• Strategic partnership in place with national affordable housing developer to assist in
financing and redevelopment of remaining residential units

Sustainability
• Long-term power purchase agreements in place with all building owners
• 100% recurring revenue
• Access to major local electricity and gas supply resources

Defensibility
• $10M in startup costs
• Infrastructure design and contracts protect the company from building owners opting out
• Long-term supply contracts secure below market rates