BEASLEY BROADCAST GROUP INC 10-K

ITEM 2. PROPERTIES As of February 16, 2022, we own or lease property in the following locations: Location Description Owned/Leased Atlanta, GA Office space for radio stations Third-party lease Augusta, GA Office space for radio stations Owned Land for office space Related party lease Boca Raton, FL Office space for radio station Third-party lease 17 Table of Contents Boston, MA Office space for radio stations Third-party lease Camden, NJ Office space for radio station Owned Land for office space Related party lease Charlotte, NC Office space for radio stations Third-party lease Detroit, MI Office space for radio stations Owned Estero, FL Office space for radio stations Related party lease Fayetteville, NC Office space for radio stations Related party lease Las Vegas, NV Office space for radio stations Related party lease Middlesex, NJ Office space for radio stations Owned Monmouth, NJ Office space for radio stations Owned Morristown, NJ Office space for radio stations Owned Philadelphia, PA Office space for radio stations Third-party lease Tampa, FL Office space for radio stations Third-party lease Wilmington, DE Office space for radio station Third party lease The land for office space in Augusta, GA is leased from GGB Augusta, LLC, which is held by a trust for the benefit of Caroline Beasley, our Chief Executive Officer and a member of our board of directors, Bruce Beasley, our President and a member of our board of directors, Brian Beasley, our Chief Operating Officer and a member of our board of directors, and other members of the Beasley family. The land for office space in Camden, NJ and office space in Fayetteville, NC are leased from Beasley Family Towers, LLC, which is partially held by a trust for the benefit of Caroline Beasley, Bruce G. Beasley, Brian E. Beasley and other members of the Beasley family and partially owned directly by Caroline Beasley, Bruce G. Beasley, Brian E. Beasley and other members of the Beasley family. The office space in Estero, FL is leased from Beasley Family Properties, LLC, which is held by a trust for the benefit of Caroline Beasley, Bruce G. Beasley, Brian E. Beasley and other members of the Beasley family. The office space in Las Vegas, NV is leased from GGB Las Vegas, LLC, which is controlled by members of the Beasley family. In addition, we lease our principal executive offices in Naples, FL from Beasley Broadcasting Management, LLC, which is held by a trust for the benefit of Caroline Beasley, Bruce G. Beasley, Brian E. Beasley and other family members of the Beasley family. No one property is material to us. We believe that our properties are generally in good condition and suitable for our operations. However, we continually look for opportunities to upgrade our properties and may do so in the future.