RISE

PROPERTIES

RISE REIT

Dave Kirzinger (Co-Founder & Board Chair)

Barrett Sigmund (CEO & Board Member)

June 30, 2025

Please read all information & disclaimers carefully for the details on subscription and redemptions.

RISE Philosophy	Slide 3
The Firm	Slide 4
The People	Slide 11
Investment Philosophy	Slide 13
Understanding the SEA/PDX Opportunity	Slide 17
Why US Apartments?	Slide 20
Investment Process	Slide 23
Acquisition	Slide 24
Renovations	Slide 26
Residents & Revenue	Slide 29
RISE REIT	Slide 33
Portfolio Performance	Slide 34
Client Services	Slide 39
Trust Notes	Slide 44
Summary	Slide 46
Disclaimer	Slide 48
Contact Information	Slide 50

RISE PROPERTIES

RISE Philosophy

Porchlight Apartments (Federal Way, WA)

236 Units

RISE Ownership: 10%

RISE

PROPERTIES

The Firm

Joseph Arnold Lofts (Seattle, WA)
131 Units
RISE Ownership: 10%

RISE REIT

Fund Inception
March 2012

Offices
Seattle, WA; Toronto, ON & Vancouver, BC

Private Canadian REIT for Canadian investors offering potential for tax efficient diversification.
Invested 100% in select U.S. rental apartment communities
Value-added approach: renovation and repositioning, not development
Aims to deliver superior risk-adjusted returns over a market cycle

IDEAL INVESTMENT CRITERIA:

Compelling population & job growth
Barriers to competition
Landlord friendly legislation

RISE PROPERTIES

RISE At A Glance

Established 2012
Founded in Vancouver, BC

17 Employees in Victoria, Vancouver, Toronto, and Seattle, WA

CAD Main Office in Toronto, ON
US Investment/Property Mgmt
Office in Seattle, WA

$304M Fund NAV
$0.8B AUM (Trust Assets)*
$2.5B AUA (includes JV assets)

36 apartment communities
29 Seattle & 7 Portland
6,180 total units

Thrive manages 100%
of RISE communities

9 Global Institutional JV Partners
22 JV Buildings (5-25% RISE)
14 Wholly Owned (100% RISE)

Fund leverage target: 50%
Coveted Select Sponsor Title
from Freddie Mac
11+ Financing Partners

*All data provided as at June 30, 2025; Trust AUM is as at March 31, 2025
JV = Joint Venture

RISE
PROPERTIES

Our Edge

We believe that we:

Are PNW¹ specialists – and that investing across the U.S. not efficient
Invest in the geographies that we know best and that can yield superior investment outcomes
Renovate & reposition 1980s style apartments to capture higher value than new development
Own our own property management & renovation company² to maximize potential upside for investors
Align our Fund with investors on valuation, transparency and fees
Capture insights and added oversight from being in Joint venture partnerships with large global institutions

¹PNW refers to the U.S. Pacific Northwest throughout the presentation.
²The issued shares of the Thrive Communities, LLC, the property manager for RISE, is directly and indirectly owned by principals of RISE

RISE PROPERTIES

RISE REIT - Notable Historic Milestones

March 2012 – first RISE REIT units sold
2016/Q4 – NAV grows to $100M and investors who purchased units on Day 1 of RISE doubled their initial investment
2016 – The RISE REIT becomes available on Fundserv
2017 – Barrett Sigmund joins RISE as President
2018 – RISE enters into its first joint venture agreement with Intercontinental Real Estate Corp, a US based REIT with over $10 billion USD in AUM
2018 – RISE acquires its first urban asset in Seattle, WA – Jack Apartments, 135 Units
2019 – Freddie Mac (FM) names RISE as a “Select Sponsor”, a highly coveted designation recognizing sponsors with a successful track record and alignment with FM’s mission to provide liquidity, stability, and affordability in the US Housing Market
2019 – $600M USD deployed in properties in one year through joint venture partnerships
2020 – RISE unit values wrote down by 8% due to COVID-19 impairments.
2020 – RISE enters the Portland, Oregon market and acquires 7 assets on a wholly owned basis (6 suburban, 1 urban)
2022 – RISE opens Toronto office and brings sales, marketing and investor relations in-house as employees.
2022 – RISE unit values wrote down by 11% due to interest rate hikes.
2023 – as of January 19 all redemptions will be paid in Trust Notes, until such time as the decision is made to revert to the cash payment of redemptions
2023 – RISE Class F unit delivered negative 15.8% return for the year driven by macro and rising cap rates.

Past performance may not be repeated
© 2025 | CONFIDENTIAL INFORMATION
RISE PROPERTIES

Thrive At A Glance – RISE works exclusively with THRIVE

THRIVE manages other communities outside of their contract with RISE

170
Communities managed

795+
Associates

15-569
Homes per community

26,000+
Residential units

7,700+
Homes renovated

Washington &
Oregon Expertise

As at June 30, 2025

RISE PROPERTIES

Thrive Partnership – Superior Asset Stewardship

Aimed at capturing NOI growth

Work together on due diligence during acquisition phase
Implement market rental and asset level budget strategy
Renovation planning and execution
Site operations and maintenance
Fee arrangement in OM - 3% property & 5% construction management fee

RISE PROPERTIES

RISE

PROPERTIES

The People

Top Leaders – Lifelong Apartment Careers

X Y

Years of experience

Years with the Company

Dave Kirzinger
Co-Founder, Chairman
Victoria, BC

Barrett Sigmund
CEO
Seattle, WA

Rose Blankers
President, CEO, Thrive
Seattle, WA

Kari Anderson
Vice President, Co-Founder, Thrive
Seattle, WA

Integrated Asset and Property Management aims to optimize value for Investors.

RISE PROPERTIES

RISE

PROPERTIES

Investment Philosophy

Sorrel (Kirkland, WA)
140 units
RISE Ownership: 5%

Distinctly Long-Term Investment Philosophy

We believe that RISE REIT can offer:

Scale & unique drivers of US Apartment real estate market for diversification
Expertise as a specialist manager to make better investment decisions
An effective US allocation via PNW exposure
Exposure to regions with geographic barriers to competition, strong job & population growth
"Landlord-friendly" legislation relative to other states and Canada
"Value-added" approach based on acquisition, asset management, renovation, & property management
Potential long-term returns & tax efficiencies in the hands of investors

RISE PROPERTIES

Alignment with Investors

RISE management and board significantly invested
Transparency on valuation, e.g., quarterly OM updating assets and unit value calculation
Independent National Property Appraisers rotated every 3 years & audited annually
Performance based incentive earned as percentage interest in the Fund
Team compensation aligned with quality of decision making & performance
Attention to valuation to maintain best possible fund entry/exit pricing

RISE PROPERTIES

Economic Diversification – SEA/PDX aligned with Overall US Employment Base by Sector

Demographics	Seattle MSA	Portland MSA	USA
Population	4.03 M	2.51 M	333.29 M
Income (Annual Mean per Capita)	$106,909	$89,312	$74,755
Employment Diversification	Seattle MSA	Portland MSA	USA
Business & Financial Services	26.4%	27.1%	25.8%
Trade, Transportation & Utilities	17.00%	17.10%	18.10%
Health Services	10.90%	10.20%	11.60%
Manufacturing	9.90%	12.60%	11.50%
Food Services & Hospitality	11.5%	11.70%	11.80%
Construction	6.90%	7.30%	7.00%
Education	4.70%	5.10%	5.70%
Government & Legal	4.20%	4.50%	4.70%
Tech & Information	8.30%	4.10%	3.40%
Agricultural	0.10%	0.30%	0.30%

Source: US Census, Bureau of Labor Statistics, and Puget Sound & Portland Business Journals (Q2 2024)

RISE PROPERTIES

RISE

PROPERTIES

Understanding the SEA/PDX Opportunity

Acquire Places to Live Near Places to Work

SEATTLE, WA

GEOGRAPHIC BARRIERS

Puget Sound (West)
Lake Washington (East)
Lake Sammamish (East)

29 RISE communities &
40+ major employers

SEATTLE AREA:

SEATTL AREA:

NEARBY COMMUNITIES:
Contour • Cooper • Dorian
Haller Post • Jack Joseph
Arnold Lofts • Northline

BEELLEVUE AREA:

NEARBY COMMUNITIES:
Sancerre • Sailhouse • Starboard

TACOMA AREA:

KENT AREA:

BLUE ORIGIN

NEARBY COMMUNITIES:

Alaire Apartments • Borgata
Discovery Landing • Dockside
• Groves Lighthouse • Meridian Garden

As at June 30, 2025

Acquire Places to Live Near Places to Work

PORTLAND, OR

GEOGRAPHIC BARRIERS

The Urban Growth Boundary (UGB)

7 RISE communities &

20+ major employers

As at June 30, 2025

RISE PROPERTIES

RISE

PROPERTIES

Why US Apartments?

Rationale for US Apartments

Baby Boomers Millennials

Inflation Hedge

Attractive Financing

Strong returns, Low volatility

Total US Population by Generation in 2022

Share of total Population¹

Greatest Gen (92 - 100 years in 2020)
Silent Gen (74 - 91 years in 2020)
Baby Boomers (55 - 73 years in 2020)
Gen-X (39 - 54 years in 2020)
Millennials (21 - 38 years in 2020)
Gen-Z (0 - 20 years in 2020)

Direct Real Estate as an Inflation Hedge²

¹ Source: US Census Bureau, March 2023
² Source: NCREIF NPI, Based on trailing four-quarter total returns from Q4 2000 through Q4 2019. U.S. Bureau of Labor Statistics (CPI-U) 2000-2019

RISE PROPERTIES

US Offers a Potentially Superior Apartment Investment Opportunity Relative to Canada

2019 Apartment Transactions (USD)¹

US rental markets offer more liquidity and opportunity to add value for owner/operators
44 vs 4 million rental units
Tax structures that promote transactions (the 1031)
Legislation that promotes business planning and ways to capture income and growth
Specialist manager maintains focus for better decisions to avoid value traps

¹ Source: Real Capital Analytics
* CBRE for U.S. data and CMHC/Stats Canada for CAD data

RISE PROPERTIES

RISE

PROPERTIES

Investment Process

10th @ Hoyt (Portland, OR)
178 Units
RISE Ownership: 100%

RISE

PROPERTIES

Acquisition

Sylva on Main (Bellevue, WA)
74 Units
RISE Ownership: 10%

Ideal Acquisition Targets

Built after 1980

Washers & dryers located within the units

Over 100 units – Price range $70 – 80M

More efficient for oversight by asset and property management
Better service and amenity offerings to residents

Low density construction with green space

Assets with built-in potential for density enhancement

Larger units

Greater percentage of 2- and 3-bedroom units
Floorplans that meet the needs of growing families

Value-Add opportunity

Renter preferences change. Through experience we identify physical and operational opportunities

Garden style profile

Wood framed, 2 or 3 story buildings with larger units, low density and attractive amenity offerings. Typically, within commuting distance to a major central business districts.
Very hard to build new competitive properties at a cost point renters can afford

RISE PROPERTIES

RISE

PROPERTIES

Renovations

Jack Apartments (Seattle, WA)

135 units

RISE Ownership: 10%

Property Management Process

Asset Plan Memo + Budget

Asset Management Team initiates work with Thrive

Thrive assumes property operations & renovations

Operations:
- Leasing
- Maintenance
- Marketing

Renovations:
- Value Creation
- Decreased cost
- Occupied renovations

RISE PROPERTIES

Creating & Growing Value Add for the Asset

Enhancing residents experience by:

Creating operational efficiencies
Renovating the common areas by making them more functional for our residents

Porchlight Apartments

Federal Way, WA

236 units

Built in 1989

Acquired in 2019

Purchase price: $55,600,000*

Renovation Costs: $9,932,438*

Before

After

*Above numbers are in USD

RISE PROPERTIES

RISE

PROPERTIES

Residents & Revenue

Rental Income Stream a Result of Active Management

Renters qualified via background checks
Income must be > 2.5X rent and 4X rent as guarantor
On-site leasing offices staffed with Thrive professionals
Typical annual turnover of 50% allows better control & access to units via one-year leases and laddered maturities
Thrive seeks “quick hits” for management upside on assuming management
About 8% revenues from parking, pet rent, late fees, utility chargebacks
Buying a 5% cap property – 20X multiple on value creation:
e.g. Pet Rent: $35/mo. X 12 X 20 = $8,400 per unit annually

RISE PROPERTIES

Stable Renter Base Drawn from Major Employers

SEATTLE, WA

RISE PROPERTIES

Stable Renter Base Drawn from Major Employers

PORTLAND, OR

RISE PROPERTIES

RISE

PROPERTIES

RISE REIT

Porchlight Apartments (Federal Way, WA)
236 Units
RISE Ownership: 10%

Welcome to
PORCHLIGHT
APARTMENTS
Leasing Office

RISE

PROPERTIES

Portfolio Performance

Sailhouse Apartments (Kirkland, WA)

223 units

RISE Ownership: 25%

RISE REIT - Performance Overview (as at June 30, 2025)

Annualized returns^{2,3}	1 Mo.	3 Mo.	1 Yr.	3 yrs.^{1}	5 yrs.^{1}	10 yrs.^{1}	Since inception^{1,2}	Distribution yield
Class F – $CAD	-2.25%	-5.88%	-9.16%	-10.24%	0.59%	5.64%	8.24%	5.31%
Class F – $USD	-1.30%	-0.47%	-8.67%	-11.88%	0.55%	N/A	3.65%	5.32%

Calendar returns since inception $^{2,3}$

Disclaimer: All performance is shown as of June 30, 2025. Some performance is driven by foreign exchange rate fluctuations.

$^{1}$ Annualized returns.
$^{2}$ Formed January 24, 2012, first units sold. ("Inception Date") March 15, 2012. Inception date of USD Class F units was April 1, 2017.
$^{3}$ Assumes all distributions reinvested under DRIP program.

RISE PROPERTIES
35

RISE REIT: Performance

CAD $100,000 invested in RISE’s Class F units at inception (March 15, 2012) would be worth CAD $286,725¹ today.

Growth of $100,000 Invested in RISE

1 - As at June 30, 2025. Assumes all dividends reinvested under DRIP program. F Class Units.
Disclaimer: Some performance is driven by foreign exchange rate fluctuations. Past performance may not be repeated.

RISE PROPERTIES

RISE REIT - Performance Class F CAD³

Monthly starting September 2020

	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEP	OCT	NOV	DEC	ANNUAL¹
2012			Inception²	-	-	18.8%	-	-	0.59%	-	-	0.84%	20.51%*
2013	-	-	1.69%	-	-	6.00%	-	-	(1.54)%	-	-	1.81%	8.06%
2014	-	-	3.79%	-	-	1.80%	-	-	5.45%	-	-	1.38%	12.96%
2015	-	-	7.65%	-	-	4.59%	-	-	6.83%	-	-	4.11%	25.23%
2016	-	-	(0.22)%	-	-	3.82%	-	-	4.93%	-	-	3.83%	12.87%
2017	-	-	0.29%	-	-	2.00%	-	-	1.26%	-	-	5.89%	9.68%
2018	-	-	3.87%	-	-	1.70%	-	-	3.19%	-	-	5.19%	18.38%
2019	-	-	0.99%	-	-	0.71%	-	-	4.08%	-	-	1.15%	10.52%
2020	-	-	(4.84)%	-	-	1.24%	-	-	5.10%	0.36%	0.36%	(0.13)%	1.84%
2021	0.70%	0.36%	1.31%	0.35%	0.35%	3.67%	0.97%	1.47%	8.15%	0.31%	3.48%	2.51%	26.03%
2022	0.86%	0.29%	1.44%	3.13%	(1.38)%	2.42%	(0.32)%	2.90%	3.97%	(10.71)%	(1.26)%	1.82%	2.33%
2023	(1.53)%	2.86%	(9.15)%	0.59%	0.49%	(3.54)%	(0.04)%	2.75%	(5.59)%	2.55%	(1.93)%	(3.73)%	(15.75)%
2024	1.81%	1.44%	(4.02)%	2.15%	(0.72)%	(1.80)%	1.33%	(1.92)%	(0.83)%	3.41%	0.90%	(4.27)%	(2.82)%
2025	1.49%	(0.16)%	(3.25)%	(3.70)%	(0.01)%	(2.25)%

A – 1st write down (Covid)
B – 2nd write down (Interest rate hikes)
C – 3rd write down (Continued interest rate hikes)

¹Annualized Returns. ²Formed January 24, 2012, first units sold. ("Inception Date") March 15, 2012. ³Assumes all dividends reinvested under DRIP program. F Class Units Historic growth in the distributions to investors is provided for general illustrative purposes and may not be indicative of future growth.

Disclaimer: Some performance is driven by foreign exchange rate fluctuations

*Partial Year from March 15, 2012.

RISE PROPERTIES

RISE REIT - Performance Class F USD²

Monthly starting September 2020

	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEP	OCT	NOV	DEC	ANNUAL¹
2017	-	-	-	-	-	4.50%	-	-	5.33%	-	-	5.32%	N/A
2018	-	-	1.13%	-	-	(0.23)%	-	-	5.00%	-	-	2.76%	8.86%
2019	-	-	3.20%	-	-	2.67%	-	-	2.92%	-	-	3.09%	16.06%
2020	-	-	(12.13)%	-	-	4.89%	-	-	7.14%	0.36%	2.77%	2.03%	3.91%
2021	0.36%	0.67%	2.75%	2.59%	2.11%	0.97%	0.34%	0.34%	7.58%	2.70%	0.31%	3.65%	26.99%
2022	0.30%	0.57%	2.79%	0.29%	0.28%	0.63%	0.28%	0.28%	(1.29)%	(9.36)%	0.31%	0.75%	(4.59)%
2023	0.30%	0.30%	(8.28)%	0.33%	0.42%	(1.11)%	0.34%	0.33%	(6.07)%	0.35%	0.35%	(1.42)%	(13.77)%
2024	0.36%	0.36%	(3.75)%	0.37%	0.38%	(2.18)%	0.38%	0.38%	(1.09)%	0.39%	0.38%	(6.79)%	(10.56)%
2025	0.40%	0.40%	(2.76)%	0.42%	(0.08)%	(1.30)%

A – 1st write down (Covid)
B – 2nd write down (Interest rate hikes)
C – 3rd write down (Continued interest rate hikes)

¹Annualized Returns. ²Assumes all dividends reinvested under DRIP program. F Class Units Historic growth in the distributions to investors is provided for general illustrative purposes and may not be indicative of future growth.

Disclaimer: Some performance is driven by foreign exchange rate fluctuations

RISE PROPERTIES

RISE

PROPERTIES

Client Services

The Investor-RISE Partnership

Access to investment professionals and market outlook data
Transparent asset & Unit valuations
OM updated quarterly with asset data
Asset appraisals in quarterly unaudited and annually audited financial statements
Special events including webinars on REIT topics
Quarterly Webinar Updates
Accessible toll-free access 1-833-RISE-APT
Dedicated investor relations teams
White Papers/Q&A documents

RISE PROPERTIES

Webinar Library

Date	Topic	Speaker
1/25/2023	Quarterly Advisor Webinar/The RISE Valuation Process	Barrett Sigmund, Mark Sack
1/25/2023	Quarterly Direct Investor Webinar/
The RISE Valuation Process	Barrett Sigmund, Mark Sack
1/31/2023	Asset Stewardship –
Who’s looking after your apartment buildings?	Kari Anderson and Rose Blankers
2/28/2023	Meet the RISE Acquisition and Asset Management Teams	Beau Madsen, Jason Murray
3/7/2023	Comparing the US vs CAN apartment markets	Dave Kirzinger, Barrett Sigmund
3/28/2023	REIT Math 101: Cap, Interest, Inflation Rates and NAV	Austin Kuhns
5/3/2023	Quarterly Management Webinar	Barrett Sigmund, Dave Kirzinger, Mark Sack
7/19/2023	Quarterly Management Webinar	Barrett Sigmund, Beau Madsen, Mark Sack
11/8/2023	Quarterly Management Webinar	Barrett Sigmund, Mark Sack
2/8/2024	Quarterly Management Webinar	Barrett Sigmund, Dave Kirzinger, Mark Sack
5/9/2024	Quarterly Management Webinar	Dave Kirzinger, Mark Sack
8/14/2024	Quarterly Management Webinar	Dave Kirzinger, Mark Sack
11/13/2024	Quarterly Management Webinar	Dave Kirzinger, Mark Sack
2/25/2025	Quarterly Management Webinar	Barrett Sigmund, Dave Kirzinger, Mark Sack

RISE PROPERTIES

Resources

For Fund Information, Subscription Agreements, media & RISE videos please visit:
https://risepropertiestrust.com/resources/

Resources

Fund information

Links to PDFs:
- ☐ Fund Fact Sheet
- ☐ Investor Presentation
- ☐ Offering Memorandum
- ☐ NAV History
- ☐ Key Management Ratios
- ☐ Audited Financial Statements
- ☐ Quarterly Management Update

Subscription agreements

Links to PDFs:
- ☐ All Provinces (Accredited Investor)
- ☐ All Provinces (Eligible Investor)
- ☐ For Eligible BC Residents
- ☐ For Accredited BC Residents
- ☐ For Portfolio Managers
- ☐ Portfolio Manager Blotter

Recent RISE Videos:

Management Update
MONAGENT UPDATE
February 2025

REIT Webinars - REIT NATV 80
March 2023

REIT Webinars - CAV V0 US APT MARKETS
March 2023

REIT Webinars - ACQUISITION AND ASSET MANAGEMENT
February 2023

REIT WEBINAR - ASSET STEMVACUUM
January 2023

RISE PROPERTIES

Important Offering Memorandum (OM) Sections

We recommend reading the entire OM – here are some key areas:
(RISE Properties Trust updates the OM quarterly)

Cover page/summary/glossary	pages 1-21 (based on March 2023 OM)
Illustrative NAV calculation	page 33 (based on March 2023 OM)
Section 2.7 – Material Agreements	Redemptions and other components of the Trust Declaration
Item 8	Tax Considerations
Item 10	Risk Factors
Item 13	Purchasers’ Rights by Province
Item 14	RISE Properties Trust updated Financials

RISE PROPERTIES

RISE

PROPERTIES

Trust Notes

Balancing Redemptions with Fund Objectives

Drivers of RISE valuation and returns not comparable to CDN REITs
More comparable to US REITs and 10-year treasury
Steep interest rate increases drive cap rate increases and lower values
Market dislocation contributes to thinner transaction volumes
Flight to liquidity = elevated redemptions
Unit price integrity critical to setting entry/exit NAV's
Redemption control protects Unitholders
Cash redemptions to resume when deemed prudent by Trustee
Redemption requests – 5-yr trust notes with monthly interest paid in arrears
Trust Notes may not qualify as investments for registered accounts (RRSPs, TFSAs, RRIFs, etc.)

RISE will notify investors when we have re-opened for cash redemptions.

RISE PROPERTIES

RISE

PROPERTIES

Summary

Why Invest in RISE?

Superior knowledge and competitive advantage within target markets.
Aim for conservative cash position, debt and balance sheet management.
Demonstrated attention to transparent valuation to balance Unitholder returns & need for liquidity.
Vertically integrated property management and renovation
Aligned with investors on valuation, transparency and performance fees.
Global institutional JV partners add oversight, financing and intelligence benefits for unitholders.
Potential tax advantages for investors.

RISE PROPERTIES

RISE

PROPERTIES

Disclaimer

References to "RISE REIT", "RISE" and "RISE Properties" are to RISE Properties Trust, individually or together with its subsidiaries, as the context requires. This presentation and any supplementary material is provided for informational purposes only. This presentation does not constitute or form any part of any offer or invitation or other solicitation or recommendation to purchase any securities. This presentation is NOT authorized for direct distribution beyond the intended audience either as a hard copy or as an electronic transmission without written permission from an authorized representative of RISE Properties Trust or Belco (as defined herein).

Any forecasts and projections contained in this presentation are estimates only and not a guarantee of future results RISE's actual financial position and results of operations may differ materially from its current expectations (as presented herein) and, as a result, RISE's revenue, expenses and valuation may differ materially from the revenue, expenses and valuation provided herein. Such information is presented for illustrative purposes only and may not be an indication of RISE's actual financial performance.

Past Performance May Not Be Repeated. There is no guarantee of performance. An investment in a REIT is not intended as a complete investment program and should only be made after consultation with independent investment and tax advisors. Only investors who do not require immediate liquidity of their investment should consider a potential purchase of Units.

This presentation and any supplementary material are intended to supplement RISE's Offering Memorandum (the "OM"). The OM contains additional summary information about the rights and restrictions attaching to the Units of RISE, including limitations on redemptions and liquidity, and risks relating to RISE's business, industry and an investment in RISE Units. Investing in REIT Units involves significant risks, as described in the OM under "Risk Factors". A copy of RISE's OM may be obtained upon request made to the attention of an authorized representative of RISE or Belco. These materials have not been reviewed by or approved by any securities regulatory authority in any Canadian Jurisdiction. RISE Properties Trust is not registered with any securities regulator. No securities regulatory body has reviewed the accuracy or adequacy of this information. Salespeople are not authorized to offer or to make exceptions to the information in the OM.

The forward-looking statements contained in this presentation are expressly qualified by this cautionary statement. These forward-looking statements speak only as of the date of this presentation. RISE is not under any duty to update any of the forward looking statements after the date of this presentation, to conform such statements to actual results or to changes in RISE's expectations except as otherwise required by applicable legislation.

RISE Properties Trust has retained Belco Private Capital Inc. ("Belco") as its exempt market dealer. Discussions on investing in the RISE REIT or on the suitability of this investment and on sales are permitted exclusively through a registered Belco Dealing Representative. If you are interested in investing, please contact Mark Sack, a registered dealing representative with Belco, at [email protected] or Denys Dashko, a registered dealing representative with Belco, at [email protected].

RISE PROPERTIES

How to Engage with RISE

Email us at:
[email protected]

Call us at:
1-833-RISE-APT
9:00am to 5:00pm ET

RISE PROPERTIES

AI assistant

Transatlantic Mining Corp. — Investor Presentation 2025

46749_rns_2025-07-18_44c7b847-9f1a-418c-8558-67f15c2e558e.pdf

RISE REIT

Table of Contents

RISE Philosophy

RISE

PROPERTIES

The Firm

IDEAL INVESTMENT CRITERIA:

We believe that we:

RISE REIT - Notable Historic Milestones

Thrive At A Glance – RISE works exclusively with THRIVE

Thrive Partnership – Superior Asset Stewardship

Aimed at capturing NOI growth

RISE

PROPERTIES

The People

Top Leaders – Lifelong Apartment Careers

RISE

PROPERTIES

Investment Philosophy

Distinctly Long-Term Investment Philosophy

Alignment with Investors

Economic Diversification – SEA/PDX aligned with Overall US Employment Base by Sector

RISE

PROPERTIES

Understanding the SEA/PDX Opportunity

Acquire Places to Live Near Places to Work

SEATTLE, WA

GEOGRAPHIC BARRIERS

SEATTLE AREA:

SEATTL AREA:

BEELLEVUE AREA:

TACOMA AREA:

KENT AREA:

NEARBY COMMUNITIES:

Acquire Places to Live Near Places to Work

PORTLAND, OR

GEOGRAPHIC BARRIERS

RISE

Why US Apartments?

Rationale for US Apartments

Total US Population by Generation in 2022

Share of total Population¹

Direct Real Estate as an Inflation Hedge²

US Offers a Potentially Superior Apartment Investment Opportunity Relative to Canada

2019 Apartment Transactions (USD)¹

RISE

Investment Process

RISE

Acquisition

Built after 1980

Over 100 units – Price range $70 – 80M

Low density construction with green space

Larger units

Value-Add opportunity

Garden style profile

RISE

PROPERTIES

Renovations

Property Management Process

Creating & Growing Value Add for the Asset

Porchlight Apartments

RISE

PROPERTIES

Residents & Revenue

Rental Income Stream a Result of Active Management

Stable Renter Base Drawn from Major Employers

Stable Renter Base Drawn from Major Employers

RISE

RISE REIT

Portfolio Performance

RISE REIT - Performance Overview (as at June 30, 2025)

Calendar returns since inception $^{2,3}$

RISE REIT - Performance Class F CAD³

RISE REIT - Performance Class F USD²

RISE

Client Services

The Investor-RISE Partnership

Transatlantic Mining Corp. Investor Presentation 2025