Third Quarter Updated August 2018 CAPITAL MARKETS. Investment Offerings

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1 CAPITAL MARKETS Investment Offerings Third Quarter 2018 Updated August 2018

2 OFFICE Turning Basin Main Street Tower Hampton Research Quads I & III Norfolk, VA Hampton, VA 97% leased, 92,814 SF, Class A, CBD 73% leased, 199,621 SF, 14-story tower, CBD 156,613 SF Class A, value-add, 2-bldg portfolio Sold for $18,550,000 Sold for $9,000,000 Aug-18 E. Robison June-18 E. Robison SunTrust Center One & Two Corporate Center V Franklin Plaza Virginia Beach, VA Roanoke, VA 100% leased, 419,653 SF, Class A office park Sold for $62,400, % leased, 70,760 SF, Class A suburban Sold for $9,862,500 58% leased, 136,455 SF value-add, CBD Sold for $6,350,000 May-18 E. Robison Apr-18 E. Robison July-17 E. Robison The ADP Building Villa Park Ops & Enterprise Data Center Norfolk, VA 100% leased single credit tenant, CBD 100% leased, Fortune 100 bank ops center Sold for $57,000,000 Sold for $38,000,000 Apr-17 E. Robison Jan-17 E. Robison

3 INDUSTRIAL Altria Trade Center Windsor I & IV Windsor Office Park Windsor VI CVS Distribution Building Chesterfield, VA 1 M SF, 100% leased, 4 bldg, single credit tenant 2 building, Class A, NNN leased business park 100% leased, 51,800 SF, single tenant Preparing for Market Sold for $7,400,000 July-17 E. Robison MULTIFAMILY The Links at Virginia Center Union Flats Apartments Harbor Square Apartments Glen Allen, VA Petersburg, VA Virginia Beach, VA 100% leased, 72-unit, Class B bulk condo offering 66-unit, multifamily rehab 96-unit, value-add garden-style apt complex Sold for $940,575 Sold for $3,300,000 Calvin Griffith Feb-18 C. Spangler Nov-17 C. Spangler

4 RETAIL Gayton Crossing Lynnhaven North Shopping Center Pocono Crossing Virginia Beach VA Richmond,VA 158,317 SF, 88% leased shopping center ±175,731 SF, 79% leased, regional shopping ctr ±180,845 SF, 88% leased, regional shopping ctr Preparing for Market Preparing for Market Preparing for Market West Broad Village Winchester Station College Plaza Glen Allen, VA Winchester, VA Bluefield, VA ±400,422 SF, mixeduse dev, 81.8% leased ±182,816 SF, multi-tenant, 97% leased shopping ctr 78% leased, 62,461 SF, value-add retail center Fain Hicks Fain Hicks Rustburg Marketplace River s Bend Shopping Center Innsbrook Shoppes Rustburg, VA Chester, VA ±46,700 SF, multi-tenant, grocery-anchored ctr 100% leased, ±74,794 SF grocery-anchored ctr Covered land development opportunity

5 RETAIL Virginia Center Station Smithfield Marketplace Tower Plaza Shopping Center Glen Allen, VA Smithfield, VA 100% leased, retail strip center, 24,400 SF 100% leased, retail strip ctr with outparcel 91% leased, ± 22,580 SF, value-add strip ctr Joe Kennedy Rockwood Plaza Shopping Center 95% leased, ±38,954 SF value-add strip ctr Spring Centre Mechanicsville, VA 88% leased, ±30,115 SF multi-tenant strip ctr Sold for $3,400,000 Jne-18 C.Spangler Patriot Plaza Williamsburg, VA 92% leased, 75,217 SF neighborhood center Sold for $5,500,000 July-18 J. Kennedy Pantops Plaza Charlottesville, VA I00% leased, 10,518 SF, best-in-class strip ctr Sold for $6,711,500 Jan-18 C.Spangler Blackstone Plaza Blackstone, VA 100% leased, ±64,758 SF, grocery anchored Sold for $2,200,000 Dec-17 C. Spangler 7721 Hampton Blvd Virginia Beach, VA 100% leased, newly constructed strip ctr Sold for $1,285,000 Oct-17 J. Kennedy

6 RETAIL University Crossroads Blacksburg, VA Newly constructed 18,316 SF unanchored strip ctr Sold for $10,825,000 Oct-17 C. Spangler Bermuda Square Fmr Martin s anchored, 81,846 SF ctr w/dev upside Sold for $13,700,000 Sept-17 C. Spangler Lexington Commons Glen Allen, VA 100% leased, stablized lender-owned center Sold for $3,950,001 Aug-17 C. Spangler

7 STNL KidMed Pediatric Urgent Care Starbucks Colony Crossing I Stafford, VA Harrisonburg, VA Midlothian, VA Freestanding MOB, 6,970 SF, 16 yr lease term remaining Newly constructed drive-thru; 10-yr term 10,106 SF Class B Office /Medical Joe Kennedy Denny s Dunkin Donuts Wawa Fredericksburg, VA Virginia Beach, VA Prime hard corner. 10- yr NNN ground lease Freestanding, ±0.49 ac, 15-year NNN lease 100% leased, ±1.52 ac, outparcel opportunity Sold for $1,550,000 Sold for $1,280,000 Sold for $4,400,000 July-18 C. Griffith June-18 C. Spangler Apr-18 C. Spangler Wawa Hampton, VA 100% leased, ±1.56 ac, 20-yr ground lease Sold for $4,440,000 Apr-18 C. Spangler Virginia Cancer Institute (VCI) Prince George, VA 100% leased, 10,260 SF single tenant MOB condo Sold for $3,287,000 Mar-18 C. Spangler Dash In Midlothian, VA 100% leased, brand new 20-yr ground lease Sold for $2,905,000 Jan-18 C. Spangler

8 STNL Dunkin Donuts Bojangles Golden Corral Charlottesville, VA Raleigh, NC Freestanding, ±0.76 ac, new 10-yr NNN leased Brand new; 3,900 SF on ±1.13 acres Corp leased; 24-yr opr history along prim corr Sold for $1,200,000 Sold for $2,649,739 Sold for $3,800,000 Dec-17 C. Spangler Nov-17 C. Spangler Nov-17 C. Spangler Stratford Hills CVS Charlottesville, VA ±6.64 ac; 100% leased Giant Food Stores Trophy, 25-yr absolute, net ground lease Sold for $12,500,000 Sold for $6,950,000 Aug-17 E. Robison July-17 C. Spangler

9 For more information, contact: Senior Vice President Senior Vice President Joe Kennedy Associate Calvin Griffith Associate Bo McKown Financial Analyst Third Quarter 2018 August 2018