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• The adjacent retail center to the west of the subject (which shares access), has also been <br /> significantly impacted by the above-referenced change in access, but has bounced back <br /> recently with some recent leasing activity which will be described in greater detail within <br /> this report. This center provides strong support for our concluded highest and best use. <br /> This letter is accompanied by an Appraisal Report as defined by the Uniform Standards of <br /> Professional Appraisal Practice under Standards Rule 2-2(a). Accordingly, it provides a summary <br /> or description of the appraisal process, subject and market data and valuation analyses. The <br /> report was also prepared to comply with the requirements of the Code of Professional Ethics of <br /> the Appraisal Institute. The depth of discussion contained in this report is specific to the needs <br /> of the client and the intended use of the appraisal. <br /> This appraisal has been prepared for the client, and may not be used or relied upon by anyone <br /> other than the client for any purposes whatsoever without the express written consent of the <br /> appraiser and the client. <br /> If you have any questions or comments, please contact the undersigned. Thank you for the <br /> opportunity to be of service. <br /> Respectfully submitted, <br /> Tony Lesicka, MAI Nathan Hansen <br /> MN Certified General 20371321 MN Certified General 20302614 <br /> Principal Principal <br /> Insight Realty Advisors, Inc. Insight Realty Advisors, Inc. <br /> 275 East 4th Street, Suite 325 275 East 4th Street, Suite 325 <br /> St. Paul, MN 55101 St. Paul, MN 55101 <br /> Phone: 651-983-2408 Phone: 651-470-1229 <br /> Email: tony.lesicka@insightrealtyadvisors.com Email: nathan.hansen@insightrealtyadvisors.com <br /> 71 Page <br />