EFTA00803859.txt

"Owner of Record IGY-AYH St Thomas Holdings, LLC [for] IGY American Yacht Harbor Marina"

"Sale Date January 19, 2007 Seller MOF VI Limited Partnership Buyer IGY-AYH ST. Thomas Holdings, Ur Sale Price $25,500,000"

"Roberto A. Soltero Vice President Banco Popular de Puerto Rico"

"Dear Mr. Soltero: Integra Realty Resources —Caribbean is pleased to submit the accompanying appraisal"

"The property also includes 3.2 acres of seabed under the marina dock structures which is leased to the property owner from the Government of the Virgi"

"The subject marina benefits greatly from its location in Vessup Bay"

"positioned in a convenient area at the heart of Red Hook"

"Mark!. Weathers conducted an interior and exterior inspection of the property on November 25, 2015."

"James V. Andrews... also conducted an interior and exterior inspection on November 25, 2015."

"Nearly two thirds of St John is owned by the National Park Service"

"American yacht Harbor... St. Thomas, VI"

"This marina is also located in Benner Bay"

"The subject is located in the town of Red Hook"

"Limetree Bay Holdings, a subsidiary of ArcLight Capital Partners"

"Hovensa oil refinery in St. Croix"

"the Hovensa Refinery in St. Croix closed in early 2012"

"The parking garage at the subject slightly encroaches on the neighboring property... This land is owned by the Government of the Virgin Islands... 3.2"

"3.2 acres of seabed under the marina dock structures which is leased to the property owner from the Government of the Virgin Islands"

"an auction of Hovensa's assets was conducted... and the assets were awarded to Limetree Bay Holdings"

"The competitive marina rates are shown on the page that follows. It is our opinion that the subject's rates are at market levels; based on its age, lo"

"The competitive marina rates are shown on the page that follows."

"The competitive marina rates are shown on the page that follows."

"The competitive marina rates are shown on the page that follows."

"The competitive marina rates are shown on the page that follows."

"Ace Hardware is the anchor tenant in this building"

"two notable bar/restaurant openings within the past two years, both at the subject property. Near the subject, a Senor Frogs restaurant opened in Nove"

"the subject property also includes a leasehold interest in 3.2 acres of submerged seabed under the dock structures that is owned by the Government of "

"Land survey by Brian Moseley dated 12/10/2010"

"the subject has 846 linear feet of water frontage along Vessup Bay"

"Respectfully submitted, Integra Realty Resources - Caribbean Mark J. Weathers Certified General Real Estate Appraiser"

"Respectfully submitted, Integra Realty Resources - Caribbean... James V. Andrews, MAI, CRE, FRICS, ASA, CVA Certified General Real Estate Appraiser"

"The property also includes 3.2 acres of seabed under the marina dock structures which is leased to the property owner from the Government of the Virgi"

"Rent roll and land survey by Brian Moseley dated 12/10/2010"

"operating agreement with the USVI Government only states the buyers will use the oil storage portion"

"the Recreational Boating Statistical Abstract, published annually by the National Marine Manufacturers Association (NMMA)."

"Stay-Over Arrivals and GDP Per Capita"