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2023-09-25 Talus LQ - Statement by RG to KESQTHE ROBERT GREEN C OMP ANY La Quinta, California - September 25, 2023 Since our last statement to the press, our dedicated team has been working tirelessly alongside our esteemed lenders to bring the TALUS project closer to realization. The finalization of loan documents, contract amendments, and the necessary due diligence is now approaching its conclusion. The Senior lender is currently in collaboration with S&P to secure the bond ratings essential for the successful financing of this exceptional venture. This milestone marks a critical juncture, paving the way for full remobilization and the ultimate completion of the project. We would like to extend our gratitude to all participating lenders, including the senior construction lender, Ziegler Investments, the C -PACE lender, Lieef Sustainable Credit, and our valued investor, First Pathway Partners, who serves as the project's EB -5 capital partner. We are proud to acknowledge the unwavering commitment and cooperation demonstrated by each stakeholder, reflecting our shared determination to complete the financing process. We appreciate the patience, collaboration, and trust exhibited by the City of La Quinta, our designated operator, contractors, and the entire development team. Despite the interim period, construction activities for the Montage Residences have continued with enthusiasm. We eagerly anticipate finalizing all project components as soon as the intricate financing process reaches its conclusion. Kindest regards, The Robert Green Company 343 Fourth Avenue 1 San Diego, CA 92101 1 760.634.6543 From: Sent: To: Cc: Subject: Attachments: Follow Up Flag: Flag Status: Alana Brennan<Alana@therobertgreencompany.com> Tuesday, September 26, 2023 10:07 AM Jon McMillen Robert Green FW: KESQ Request for Update on Talus Development 9.25.23 - TALUS Statement for KESQ.pdf Follow up Flagged EXTERNAL: This message originated outside of the City of La Quinta. Please use proper judgement and caution when opening attachments, clicking links or responding to requests for information. Hello, Jon I hope that you are well. Please see the statement that we shared with Jeffrey Stahl from KESQ yesterday. Thank you, Alana Alana Brennan (760) 505-0550 (760) 634-6543 NOTICE: This email message and all attachments transmitted with it are intended solely for the use of the addressees and may contain legally privileged, protected or confidential information. If you have received this message in error, please notify the sender immediately by email reply and delete this message and any attachments from your computer without copying or further transmitting the same. From: Alana Brennan Sent: Monday, September 25, 2023 12:05 PM To: Jeffrey Stahl <jeffrey.stahl@kesq.com> Subject: RE: KESQ Request for Update on Talus Development Hello Jeffrey, I hope that you had a good weekend. Please find our statement attached. Thank you, Alana "'i Alana Brennan (760) 505-0550 (760) 634-6543 NOTICE: This email message and all attachments transmitted with it are intended solely for the use of the addressees and may contain legally privileged, protected or confidential information. If you have received this message in error, please notify the sender immediately by email reply and delete this message and any attachments from your computer without copying or further transmitting the same. 1 From: Jeffrey Stahl <jeffrey.stahl@kesq.com> Sent: Friday, September 22, 2023 10:49 AM To: Alana Brennan<Alana@therobertgreencompany.com> Subject: Re: KESQ Request for Update on Talus Development I'm writing it today for a Tuesday on -air report. The sooner the better would be great for a statement, but I'll make any statement before Tuesday work. Thank you, Jeff From: Alana Brennan<Alana@therobertgreencompany.com> Sent: Friday, September 22, 2023 8:55 AM To: Jeffrey Stahl <jeffrey.stahl@kesq.com> Subject: RE: KESQ Request for Update on Talus Development Good morning, Jeffrey What is your deadline for this story? Thank you, Alana Alana Brennan (760) 505-0550 (760) 634-6543 NOTICE: This email message and all attachments transmitted with it are intended solely for the use of the addressees and may contain legally privileged, protected or confidential information. If you have received this message in error, please notify the sender immediately by email reply and delete this message and any attachments from your computer without copying or further transmitting the same. 2