PUBLICLY TRADED PARENT COMPANY (ASX: REH) / STRONG GUARANTEE - Fortiline Waterworks is a wholly owned subsidiary of Reece Group and a leading distributor of underground water, sewer, and storm utility products, with nearly 80 branches across 16 U.S. states. Backed by publicly traded Reece Group, Fortiline benefits from the scale and financial strength of a global distribution platform. Reece entered the U.S. market in 2018 through its acquisition of MORSCO, which included Fortiline Waterworks, and today operates a network of approximately 800+ branches globally. Reece Group reported approximately A$9.0 billion in group sales revenue, including ± $3.3 billion from its U.S. region. STRATEGIC SOUTHEAST INDUSTRIAL LOCATION / MULTIMODAL TRANSPORTATION - Located in Brunswick’s established Dock Junction industrial submarket, the subject property offers strong regional connectivity with quick access to major thoroughfares and I-95, positioning it near the Port of Brunswick’s key logistics infrastructure, including Colonels Island and Mayor’s Point terminals. The location is further enhanced by Brunswick’s role as a major Southeast port market and Ro/Ro gateway, supporting demand from automotive, machinery, breakbulk, utility, and industrial users throughout coastal Georgia and the broader Southeast. NEWLY EXECUTED LEASE / NEW SITE SELECTION & RENOVATION - New 5-year lease commenced at the beginning of 2025, along with (5) 5-year renewal options, underscores its long-term commitment to the Brunswick location. In 2025, Fortiline also retrofitted the 8,400 SF facility situated on a ±1.04-acre lot to fit its operational needs, further demonstrating its conviction in 111 Key Dr. Positioned approximately 75 miles from both Fortiline’s Jacksonville and Savannah branches, and 125–135 miles from its Lake City and Lake Park locations, the site serves as a key infill branch within Fortiline’s Southeast Georgia / North Florida distribution network, bridging major coastal and inland markets. PASSIVE INVESTMENT / UPCOMING 10% RENT INCREASE - The Industrial NNN lease offers true passive ownership and includes a favorable 10% increase in 2030 featuring 3% annual rent increases thereafter providing an investor with a strong hedge against inflation.