PROJECT PROFILE - TALUS LA QUINTA TALUS LA QUINTA IS THE NEWEST BRANDED RESIDENTIAL PRODUCT IN THE GREATER PALM SPRINGS AREA The first phase is anchored by Montage and Pendry Hotels and Residences: ► MONTAGE » 134-room hotel scheduled to open spring 2023 » 29 single-family residences - 4- to 6-bedroom homes ranging from 4,700 to 5,100 square feet » 17 homes released, 11 homes reserved to date. Initial deliveries anticipated Q4 2022. ► PENDRY » 200-room hotel scheduled to open Q4 2023 » 55 condos; 11 3-story buildings with 5 units per building (4 flats and 1 two-story townhome); ranging from 1,700 to 3,000 square feet » 20 condos released; 17 reserved to date. Initial deliveries anticipated Q1 2023. ► Pricing is in the low to mid $1,000/SF range. ► Three-quarters of buyers are from drive-to markets in Southern California ► Rental pool option has been a critical success factor in achieving strong pre-sales and pricing. ► An additional 700 units are planned to be built in future phases DPEP | Cotino™, a Storyliving by Disney™ Community | Rancho Mirage, California Source: Talus La Quinta; RCLCO R1-12149.06 | March 25, 2022 | 27