Avalon Woburn Woburn, MA INVESTOR TELECONFERENCE Kanso Twinbrook Rockville, MD PRESENTATION Second Quarter 2023 July 31, 2023 1 AVA Hollywood at La Pietra Place Los Angeles, CA See Appendix for information about forward-looking statements and definitions and reconciliations of non-GAAP financial measures and other terms. For the reasons described in the referenced forward-looking statements, our historical results may not be indicative of future results. P ARTICIPANTS B S C E O & P EN CHALL HIEF XECUTIVE FF ...