44

Unit A| 1 BR-2 BA | 864 SF | 8 Units | 2% of Total Unit B | 2 BR-3 BA | 1,148 SF | 6 Units | 2% of Total

SHORES OF PANAMA :: Property Description Floor Plans

45

Unit C | 1 BR-2 BA | 907 SF | 30 Units | 9% of Total Unit D | 3 BR-3 BA | 1,416 SF | 0 Units | 0% of Total

SHORES OF PANAMA :: Property Description Floor Plans

46

Unit E | 2 BR-2.5 BA | 1,131 SF | 0 Units | 0% of Total Unit F | 1 BR-1.5 BA | 911 SF | 12 Units | 4% of TotalUnit E | 2 BR-2.5 BA | 1,131 SF | 0 Units | 0% of Total Unit F | 1 BR-1.5 BA | 911 SF | 12 Units | 4% of Total

SHORES OF PANAMA :: Property Description Floor Plans

47

Unit G | Studio | 473 SF | 15 Units | 5% of Total Unit H | 2 BR-3 BA | 1,453 SF | 21 Units | 6% of TotalUnit G | Studio | 473 SF | 13 Units | 5% of Total Unit H | 2 BR-3 BA | 1,453 SF | 21 Units | 6% of Total

SHORES OF PANAMA :: Property Description Floor Plans

48

Unit I | 1 BR-2 BA | 980 SF | 3 Units | 1% of Total Unit J | 2 BR-2.5 BA | 1,070 SF | 3 Units | 1% of Total

SHORES OF PANAMA :: Property Description Floor Plans

49

Unit K | 2BR-3 BR | 1,184 SF | 61 Units | 19% of Total Unit L | 2 BR-2.5 BA | 1,102 SF | 21 Units | 7% of Total

SHORES OF PANAMA :: Property Description Floor Plans

50

Unit N | 1 BR-2 BA | 936 SF | 65 Units | 20% of Total Unit R | 3 BR-3 BA | 1,523 SF | 20 Units | 6% of TotalUnit N | 1 BR-2 BA | 936 SF | 64 Units | 20% of Total

SHORES OF PANAMA :: Property Description Floor Plans

51

Unit S | 2BR-2.5 BR | 1,279 SF | 17 Units | 5% of Total Unit T | 1 BR-2 BA | 951 SF | 23 Units | 7% of Total

SHORES OF PANAMA :: Property Description Floor PlansSHORES OF PANAMA :: Property Description Floor Plans

52

Unit U | 3 BR-3 BA | 1,400 SF | 20 Units | 6% of Total

SHORES OF PANAMA :: Property Description Floor Plans

Shores of Panama Panama City Beach, FL

AERIALS & MAPS

25 | P a g e

UNIT TYPE DESCRIPTION SIZE

A 1B / 2B + Bunk 864 SF

B 2B / 3B + Bunk 1,148 SF

C 1B / 2B + Bunk 907 SF

F 1B / 1.5 B + Bunk 911 SF

G STUDIO 473 SF

H 2B / 3B + Bunk 1,453 SF

I 1B / 2B + Bunk 980 SF

J 2B / 2.5B +Bunk 1,070 SF

K 2B / 3B + Bunk 1,184 SF

L 2B / 2.5B + Bunk 1,102 SF

N 1B / 2B + Bunk 936 SF

R 3B / 3B + Bunk 1,525 SF

S 2B / 2.5B + Bunk 1,279 SF

T 1B / 2B + Bunk 951 SF

U 3B / 3B + Bunk 1,400 SF