NOTICE OF UCC PUBLIC AUCTION SALE

NOTICE OF UCC PUBLIC AUCTION SALE PLEASE TAKE NOTICE, that in accordance with applicable provisions of the Uniform Commercial Code of the States of Delaware and Illinois (as applicable), PMRP V Oxford, L.L.C., a Delaware limited liability company ("Secured Party"), will sell at public auction sale (i) all limited liability company interests held by KB Oxford SPE Member, LLC, a Delaware limited liability company ("SPE Member"), in KB Oxford Holdings, LLC, a Delaware limited liability company ("Borrower"), (ii) all limited liability company interests held by SPE Member in KB Oxford ST, LLC, a Delaware limited liability company ("Signatory Trustee"), (iii) all limited liability company interests held by SPE Member in KB Oxford MT, LLC, a Delaware limited liability company ("Master Tenant"), (iv) all interests held by Borrower in KB Oxford DST, a Delaware statutory trust (the "Trust"), and (v) all interests by Signatory Trustee in the Trust (such interests, collectively, the "Equity Interests"). The Equity Interests secure Borrower's indebtedness owed to Secured Party in the principal amount of $22,450,000.00 plus unpaid interest, attorneys' fees and other charges including the costs to sell the Equity Interests ("Debt"). The public auction sale will be held at 10am (CST) on December 4, 2025 ("Public Sale") by virtual bidding via Zoom via the following Zoom meeting link: http://bit.ly/OxfordUCC (case sensitive), meeting ID: 834 5750 7339, passcode: 918584 (or by telephone at +1 (646) 931 3860 (US), using same meeting ID and passcode). The Public Sale will be conducted by Rick Levin & Associates, Inc., a State of Illinois Licensed Auction Firm (State of Illinois License No. 444.000149). At the Public Sale, Secured Party reserves the right to: (i) credit bid up to the amount of the Debt; (ii) set minimum reserve price(s) for the Equity Interests; (iii) reject bids, in whole or in part; (iv) cancel or adjourn the Public Sale, in whole or in part; and (v) establish the terms and conditions of the Public Sale ("Terms of Public Sale"). Secured Party's understanding, without making any representation or warranty as to accuracy or completeness, is that the principal assets of the Trust are located in Oxford, Mississippi commonly known as "Arbors at the Park" and "The Cottages at Hooper Hollow", each a multifamily student apartment complex with an approximate 340 and 280 units, respectively, and related amenities. Prospective and winning bidder(s) will be required to represent in writing to Secured Party that they are purchasing the Equity Interests for their own account, not acquiring them with a view toward the sale or distribution thereof and will not resell the Equity Interests unless pursuant to a valid registration under applicable federal and/or state securities laws, or a valid exemption from the registration thereunder. The Equity Interests have not been registered under such securities laws and cannot be sold by the winning bidder(s) without registration or application of a valid exemption. The Equity Interests will be offered for sale at the Public Auction "as-is, where-is", and there are no express or implied warranties or representations relating to title, possession, quiet enjoyment, merchantability, fitness, or the like as to the Equity Interests. Parties interested in bidding on the Equity Interests must contact Secured Party's broker, Newmark ("Broker"), via email at john.daniels@nmrk.com. Upon execution of a non-disclosure agreement, the Terms of Public Sale as well as documentation and information that Secured Party has in its possession will be made available on Broker's online data site concerning the Equity Interests, the pledgors and pledgees, the Debt and the loan documents. Interested parties who do not contact Broker and register and otherwise satisfy all other conditions precedent to such participation at least three (3) business days prior to the Public Sale will not be permitted to participate in bidding at the Public Sale. October 14, 21, November 4, 19 2025 LMSS0386632