Gramercy Property Trust 8-K Chambers Street – Second Quarter 2013 Financial Results

Exhibit 99.2

Supplemental Information Second Quarter 2013

Chambers Street Properties

	Page
Forward Looking Statements		2
Financial Highlights		4
Consolidated Balance Sheets		5
Consolidated Statements of Operations		7
Condensed Consolidated Statements of Cash Flows		8
Reconciliation of Net (Loss) Income to FFO, Core FFO and AFFO		10
Joint Venture Balance Sheets		11
Joint Venture Statements of Operations		12
Consolidated & Pro Rata Share Balance Sheets		13
Consolidated & Pro Rata Share Statements of Operations		14
Our Properties		16
Property Distribution and Types		21
Geographic Distribution		22
Significant Tenants		23
Tenant Industries		24
Tenant Lease Expirations		25
Debt Maturities		26
Fixed and Floating Rate Debt		27
Encumbered and Unencumbered Properties		28
Non-GAAP Supplemental Financial Measures		29

Supplemental Information  |  Second Quarter 2013  |  1

This supplemental information is available on the Company’s website atwww.chambersstreet.com. This data is furnished to supplement audited and unaudited regulatory filings of the Company and should be read in conjunction with those filings. The financial data herein is unaudited and is provided from the perspective of timeliness to assist readers of quarterly and annual financial filings. As such, data otherwise contained in future regulatory filings covering the same period may restate the data presented herein.

Forward-Looking Statements

This supplemental information may contain various “forward-looking statements.” You can identify forward-looking statements by the use of forward-looking terminology such as “believes,” “expects,” “may,” “will,” “would,” “could,” “should,” “seeks,” “approximately,” “intends,” “plans,” “projects,” “estimates” or “anticipates” or the negative of these words and phrases or similar words or phrases. You can also identify forward-looking statements by discussions of strategy, plans or intentions. Statements regarding the following subjects may be impacted by a number of risks and uncertainties such as our business strategy; our ability to obtain future financing arrangements; estimates relating to our future distributions; our understanding of our competition; market trends; projected capital expenditures; the impact of technology on our products, operations and business; and the use of the proceeds of any offerings of securities. The forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us. These beliefs, assumptions and expectations are subject to risks and uncertainties and can change as a result of many possible events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity and results of operations may vary materially from those expressed in our forward-looking statements. You should carefully consider these risks before you make an investment decision with respect to our common shares, along with the following factors that could cause actual results to vary from our forward-looking statements such as: general volatility of the securities markets in which we participate; national, regional and local economic climates; changes in supply and demand for office and industrial properties; adverse changes in the real estate markets, including increasing vacancy, decreasing rental revenue and increasing insurance costs; availability and credit worthiness of prospective tenants; our ability to maintain rental rates and maximize occupancy; our ability to identify and secure acquisitions; our failure to successfully manage growth or operate acquired properties; our pace of acquisitions and/or dispositions of properties; risks related to development projects (including construction delay, cost overruns or our inability to obtain necessary permits); payment of distributions from sources other than cash flows and operating activities; receiving corporate debt ratings and changes in the general interest rate environment; availability of capital (debt and equity); our ability to refinance existing indebtedness or incur additional indebtedness; failure to comply with our debt covenants; unanticipated increases in financing and other costs, including a rise in interest rates; the actual outcome of the resolution of any conflict; material adverse actions or omissions by any of our joint venture partners; our ability to operate as a self-managed company; availability of and ability to retain our executive officers and other qualified personnel; future terrorist attacks in the United States or abroad; the ability of our operating partnership to continue to qualify as a partnership for U.S. federal income tax purposes; our ability to continue to qualify as a REIT for U.S. federal income tax purposes; foreign currency fluctuations; changes to accounting principles, policies and guidelines applicable to REITs; legislative or regulatory changes adversely affecting REITs and the real estate business; and environmental, regulatory and/or safety requirements. The foregoing

2  |  Supplemental Information  |  Second Quarter 2013

review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included herein and elsewhere, including the risk factors included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2012, the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2013 and other documents of the Company on file with or furnished to the SEC. Any forward looking statements made in this press release are qualified by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by the Company will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company or its business or operations. Except as required by law, the Company undertakes no obligation to update publicly or revise any forward looking statement, whether as a result of new information, future developments or otherwise. We caution you that actual outcomes and results may differ materially from what is expressed, implied or forecast by our forward looking statements.

The following discussion related to the consolidated financial statements of the Company should be read in conjunction with the financial statements for the quarter ended June 30, 2013 that will be released on Form 10-Q to be filed on or before August 14, 2013.

Supplemental Information  |  Second Quarter 2013  |  3

CHAMBERS STREET PROPERTIES

Financial Highlights

(unaudited)

($ In Thousands, Except Share Data)

	6/30/13			3/31/13			12/31/12			9/30/12			6/30/12
Consolidated Balance Sheet Items:
Net Investments in Real Estate		$2,078,960			$2,093,171			$1,600,811			$1,496,994			$1,448,482
Total Assets		2,869,748			2,866,877			2,554,862			2,481,611			2,529,088
Total Notes and Loans Payable		1,208,593			1,046,840			767,232			628,483			656,400
Total Liabilities		1,338,482			1,181,915			894,039			773,379			774,630
Non-Controlling Interests		2,664			2,664			2,664			2,664			2,664
Shareholders’ Equity		1,528,602			1,682,298			1,657,333			1,704,742			1,750,968
Portfolio Statistics:
Number of Properties(1)		129			129			129			124			124
Total Net Rentable Square Feet(2)		34,153,941			34,062,119			34,062,119			30,828,045			29,781,045
Approximate Total Acquisition Cost(3)		$3,286,756			$3,286,717			$3,141,539			$2,928,464			$2,850,112
Percentage Leased(3)(4)		95.53	%		96.99	%		97.80	%		98.10	%		98.45	%

	Three Months Ended June 30,				Six Months Ended June 30,
Income & Cash Flow Items:	2013		2012		2013		2012
Total Revenues		$67,110		$44,886		$121,062		$88,285
Net (Loss) Income		(3,640)		(1,899)		78,450		(4,053)
Net Cash Flows Provided By Operating Activities		24,904		25,043		55,048		56,430
Funds from Operations (FFO)(5)		32,990		29,220		70,173		58,111
Core Funds from Operations (Core FFO)(5)		40,936		31,556		78,379		62,527
Adjusted Funds from Operations (AFFO)(5)		34,590		27,641		70,077		55,175
Distributions Declared		37,272		36,726		72,758		74,092
Weighted Average Common Shares Outstanding - Basic & Diluted		248,224,851		249,117,722		248,350,481		246,983,416
Per Share Data:
Net (Loss) Income		$(0.01)		$(0.01)		$0.32		$(0.02)
FFO(5)		$0.13		$0.12		$0.28		$0.24
Core FFO(5)		$0.16		$0.13		$0.32		$0.25
AFFO(5)		$0.14		$0.11		$0.28		$0.22
Distributions Declared		$0.15		$0.15		$0.30		$0.30

(1) Number of properties include indirect interests in properties owned by our joint ventures.

(2) Includes 100% of unconsolidated joint venture amounts.

(3) Includes pro rata share of unconsolidated joint venture amounts.

(4) Average percentage leased is weighted based on net rentable square feet.

(5) Please refer to page 10 for a reconciliation of GAAP Net (Loss) Income to FFO, Core FFO and AFFO.

4  |  Supplemental Information  |  Second Quarter 2013

CHAMBERS STREET PROPERTIES

Consolidated Balance Sheets

as of June 30, 2013 and December 31, 2012

(In Thousands, Except Share Data)

	June 30,      2013		December 31, 2012
	(unaudited)
ASSETS
Investments in Real Estate:
Land		$442,600		$378,806
Site Improvements		204,734		181,816
Building and Improvements		1,458,710		1,091,639
Tenant Improvements		135,317		80,679
		2,241,361		1,732,940
Less: Accumulated Depreciation and Amortization		(162,401)		(132,129)
Net Investment in Real Estate		2,078,960		1,600,811
Investment in Unconsolidated Entities		361,004		515,829
Construction in Progress and Other Assets - Variable Interest Entity		-		76,826
Cash and Cash Equivalents		87,861		107,355
Restricted Cash		15,655		10,998
Accounts and Other Receivables, Net		9,830		6,675
Deferred Rent		29,715		25,210
Acquired Above-Market Leases, Net		47,322		31,855
Acquired In-Place Lease Value, Net		214,648		162,558
Deferred Financing Costs, Net		8,837		8,322
Lease Commissions, Net		4,462		4,645
Other Assets		7,111		3,778
Interest Rate Swaps at Fair Value - Qualifying Hedge		4,343		-
Total Assets		$2,869,748		$2,554,862

Supplemental Information  |  Second Quarter 2013  |  5

CHAMBERS STREET PROPERTIES

Consolidated Balance Sheets (continued)

as of June 30, 2013 and December 31, 2012

(In Thousands, Except Share Data)

	June 30,      2013		December 31, 2012
	(unaudited)
LIABILITIES, NON-CONTROLLING INTEREST AND SHAREHOLDERS’ EQUITY
LIABILITIES
Notes Payable, Net		$689,797		$492,944
Notes Payable at Fair Value		8,753		9,288
Loan Payable		510,044		265,000
Security Deposits		2,122		1,811
Accounts Payable, Accrued Expenses and Other Liabilities		55,614		24,531
Accounts Payable, Accrued Expenses and Prepaid Rent- Variable Interest Entity		-		24,531
Acquired Below-Market Leases, Net		33,687		24,582
Above-Market Ground Lease Obligation, Net		1,376		1,412
Property Management Fee Payable to Related Party		124		384
Investment Management Fee Payable to Related Party		-		10,700
Distributions Payable		35,486		37,418
Interest Rate Swaps at Fair Value - Non-Qualifying Hedge		83		423
Interest Rate Swaps at Fair Value - Qualifying Hedge		1,396		1,015
Total Liabilities		1,338,482		894,039
COMMITMENTS AND CONTINGENCIES
NON-CONTROLLING INTEREST
Operating Partnership Units		2,464		2,464
Class B Operating Partnership Unit		200		200
Non-Controlling Interest - Variable Interest Entity		-		826
SHAREHOLDERS’ EQUITY
Common Shares of Beneficial Interest, $.01 par value, 990,000,000 shares authorized; 236,948,214 and 249,664,156 issued and outstanding as of June 30, 2013 and December 31, 2012, respectively		2,365		2,494
Additional Paid-in-Capital		2,072,930		2,203,888
Accumulated Deficit		(534,849)		(540,462)
Accumulated Other Comprehensive Loss		(11,844)		(8,587)
Total Shareholders’ Equity		1,528,602		1,657,333
Total Liabilities, Non-Controlling Interest and Shareholders’ Equity		$2,869,748		$2,554,862

6  |  Supplemental Information  |  Second Quarter 2013

CHAMBERS STREET PROPERTIES

Consolidated Statements of Operations

For the Three and Six Months Ended June 30, 2013 and 2012 (unaudited)

(In Thousands, Except Share Data)

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
REVENUES
Rental		$51,110		$36,568		$95,150		$71,887
Tenant Reimbursements		16,000		8,318		25,912		16,398
Total Revenues		67,110		44,886		121,062		88,285
EXPENSES
Operating & Maintenance		7,298		4,833		13,084		9,941
Property Taxes		11,307		5,410		18,781		10,786
Interest		10,482		8,711		19,786		17,467
General and Administrative		7,576		2,269		12,710		4,434
Property Management Fee to Related Party		286		390		520		772
Investment Management Fee to Related Party		(11)		6,150		489		12,111
Acquisition		162		31		2,004		1,409
Depreciation and Amortization		26,770		17,985		48,774		35,961
Transition Costs		693		1,936		728		1,936
Listing		10,506		-		10,506		-
Total Expenses		75,069		47,715		127,382		94,817
OTHER INCOME AND EXPENSES
Interest and Other Income		280		485		487		1,545
Net Settlement Payments on Interest Rate Swaps		(704)		(164)		(1,047)		(324)
Gain on Interest Rate Swaps		2,383		122		1,466		246
Loss on Notes Payable at Fair Value		(32)		(25)		(57)		(60)
Total Other Income		1,927		418		849		1,407
LOSS BEFORE PROVISION FOR INCOME TAXES AND EQUITY IN INCOME OF UNCONSOLIDATED ENTITIES		(6,032)		(2,411)		(5,471)		(5,125)
PROVISION FOR INCOME TAXES		(151)		(160)		(220)		(142)
EQUITY IN INCOME OF UNCONSOLIDATED ENTITIES		2,575		1,087		6,939		1,629
(LOSS) GAIN ON CONVERSION OF EQUITY INTEREST TO CONTROLLING INTEREST		(32)		-		77,202		-
NET (LOSS) INCOME FROM CONTINUING OPERATIONS		(3,640)		(1,484)		78,450		(3,638)
DISCONTINUED OPERATIONS
Loss on Write Down to Net Sales Value		-		(415)		-		(415)
LOSS FROM DISCONTINUED OPERATIONS		-		(415)		-		(415)
NET (LOSS) INCOME		(3,640)		(1,899)		78,450		(4,053)
Net Income (Loss) Attributable to Non-Controlling Operating Partnership Units		4		-		(79)		2
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS		$(3,636)		$(1,899)		$78,371		$(4,051)
Basic and Diluted Net (Loss) Income per Share - Attributable to Common Shareholders		$(0.01)		$(0.01)		$0.32		$(0.02)
Weighted Average Common Shares Outstanding - Basic & Diluted		248,224,851		249,117,722		248,350,481		246,983,416
Dividends Declared Per Share		$0.15		$0.15		$0.30		$0.30

Supplemental Information  |  Second Quarter 2013  |  7

CHAMBERS STREET PROPERTIES

Condensed Consolidated Statements of Cash Flows

For the Six Months Ended June 30, 2013 and 2012 (unaudited)

(In Thousands)

	Six Months Ended June 30,
	2013		2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)		$78,450		$(4,053)
Adjustments to Reconcile Net (Loss) Income to Net Cash Flows
Provided by Operating Activities:
Equity in Income of Unconsolidated Entities		(6,939)		(1,629)
Distributions from Unconsolidated Entities		19,689		21,185
Gain on Interest Rate Swaps		(1,466)		(246)
Loss on Note Payable at Fair Value		57		60
Loss on Sale of Discontinued Operations		-		415
Gain on Conversion of Equity Investment to Controlling Interest		(77,202)		-
Depreciation and Amortization of Building and Improvements		30,810		21,519
Amortization of Deferred Financing Costs		1,380		949
Amortization of Acquired In-Place Lease Value		17,502		14,123
Amortization of Above and Below-Market Leases		3,071		1,501
Amortization of Lease Commissions		462		319
Amortization of Discount and Premium on Notes Payable		(1,655)		(651)
Share Based Compensation		4,556		200
Changes in Assets and Liabilities:
Accounts and Other Receivables		(3,155)		(812)
Deferred Rent		(4,505)		(3,762)
Other Assets		(4,374)		(334)
Accounts Payable and Accrued Expenses		9,327		7,320
Investment Management & Property Management Fees Payable to Related Party		(10,960)		326
Net Cash Flows Provided By Operating Activities		55,048		56,430
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of Real Estate Property		(63,101)		(64,340)
Investments in Unconsolidated Entities		-		(12,793)
Distributions from Unconsolidated Entities		-		2,400
Restricted Cash		(4,657)		(2,934)
Lease Commissions		(287)		(684)
Improvements - Variable Interest Entity		(3,601)		(26,361)
Improvements to Investments in Real Estate		(4,961)		(1,985)
Net Cash Flows Used in Investing Activities		(76,607)		(106,697)

Supplemental Information  |  Second Quarter 2013  |  8

CHAMBERS STREET PROPERTIES

Condensed Consolidated Statements of Cash Flows (continued)

For the Six Months Ended June 30, 2013 and 2012 (unaudited)

(In Thousands)

	Six Months Ended June 30,
	2013		2012
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from Common Stocks - Public Offering		-		172
Proceeds from Additional Paid-in-Capital - Public Offering		-		171,086
Redemption of Common Shares		(44,225)		(19,621)
Repurchase and Cancellation of Common Shares		(125,000)		-
Payment of Offering Costs		-		(20,440)
Payment of Distributions		(41,111)		(37,997)
Distributions to Non-Controlling Interest - Operating Partnership Units		(74)		(74)
Contribution from Non-Controlling Interest - Variable Interest Entity		-		140
Distribution to Non-Controlling Interest - Variable Interest Entity		(826)		-
Borrowing on Loan Payable		470,044		-
Principal Payment on Loan Payable		(225,000)		-
Principal Payments On Notes Payable		(30,028)		(7,380)
Deferred Financing Costs		(1,905)		(480)
Security Deposits		311		341
Net Cash Flows Provided by Financing Activities		2,186		85,747
EFFECT OF FOREIGN CURRENCY TRANSLATION		(121)		32
Net (Decrease) Increase in Cash and Cash Equivalents		(19,494)		35,512
Cash and Cash Equivalents, Beginning of Period		107,355		238,277
Cash and Cash Equivalents, End of Period		$87,861		$273,789
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash Paid During the Period for Interest		20,342		21,046
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Distributions Declared and Payable		35,486		37,366
Proceeds from Dividend Reinvestment		33,579		31,513
Duke joint venture Contribution/Distribution - Amazon Expansion		19		874
Notes Payable Assumed on Acquisitions of Real Estate		216,011		-
Conversion of Duke Joint Venture Equity Investment to Controlling Interest		139,770		-
Share Awards Increase in APIC		4,556		-
Accrued Offering Costs		-		3
Accounts Payable and Accrued Expenses - CIP		1,526		3,691

9  |  Supplemental Information  |  Second Quarter 2013

CHAMBERS STREET PROPERTIES

Reconciliation of Net (Loss) Income to FFO, Core FFO and AFFO

For the Three and Six Months Ended June 30, 2013 and 2012 (unaudited)

(In Thousands, Except Share Data)

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Net (Loss) Income		$(3,640)		$(1,899)		$78,450		$(4,053)
Real Estate Depreciation and Amortization		26,770		17,985		48,774		35,961
Loss (Gain) on Conversion of Equity Interest to Controlling Interest		32		-		(77,202)		-
Loss on Write Down to Net Sales Value		-		415		-		415
Net Effect of FFO Adjustment from Unconsolidated Entities(1)		9,828		12,719		20,151		25,788
Funds from Operations		32,990		29,220		70,173		58,111
Acquisition Expenses		162		31		2,004		1,928
Gain on Interest Rate Swaps		(2,383)		(122)		(1,466)		(246)
Transition Costs		693		1,936		728		1,936
Listing Expense		10,506		-		10,506		-
Net Effect of Core FFO Adjustments from Unconsolidated Entities(2)		(1,032)		491		(3,566)		798
Core Funds from Operations		40,936		31,556		78,379		62,527
Amortization of Deferred Financing Costs		677		458		1,288		911
Amortization of Above and Below Market Leases		1,782		887		3,155		1,501
Amortization of Premium on Notes Payable		(1,113)		(338)		(1,655)		(651)
Amortization of Deferred Revenue Related to Tenant Improvements		(716)		-		(716)		-
Share Based Compensation		553		-		993		-
Straight-line Rent Adjustments, Net		(2,621)		(1,791)		(4,531)		(3,761)
Recurring Capital Expenditures		(1,615)		(620)		(2,238)		(1,334)
Net Effect of AFFO Adjustments from Unconsolidated Entities(3)		(3,293)		(2,511)		(4,598)		(4,018)
Adjusted Funds from Operations		$34,590		$27,641		$70,077		$55,175
Amounts per share (basic and diluted):
Net (Loss) Income		$(0.01)		$(0.01)		$0.32		$(0.02)
Funds from Operations		$0.13		$0.12		$0.28		$0.24
Core Funds from Operations		$0.16		$0.13		$0.32		$0.25
Adjusted Funds from Operations		$0.14		$0.11		$0.28		$0.22
Weighted Average Common Shares Outstanding - Basic & Diluted		248,224,851		249,117,722		248,350,481		246,983,416

(1) Consists of amortization and depreciation and realized loss related to properties held in unconsolidated entities for all periods presented.

(2) Consists of unrealized gain related to properties held in the unconsolidated entities for all periods presented.

(3) Consists of straight-line rent adjustments, amortization of above and below market leases and recurring capital expenditures offset by deferred financing costs related to properties held in the unconsolidated entities, respectively for all periods presented.

Supplemental Information  |  Second Quarter 2013  |  10

Joint Venture Balance Sheets (at 100%)

as of June 30, 2013 and December 31, 2012 (unaudited)

(In Thousands)

	Duke Joint Venture(1)				Afton Ridge(1)				UK JV				European JV
	June 30, 2013		December 31, 2012		June 30, 2013		December 31, 2012		June 30, 2013		December 31, 2012		June 30, 2013		December 31, 2012
Assets
Real Estate Net		$444,009		$780,130		$43,373		$44,058		$42,111		$45,871		$202,849		$208,786
Other Assets		64,403		146,572		2,743		2,704		2,546		2,807		16,404		23,036
Total Assets		$508,412		$926,702		$46,116		$46,762		$44,657		$48,678		$219,253		$231,822
Liabilities and Equity
Notes Payable		$254,365		$472,370		$25,500		$25,500		-		-		$81,804		$82,894
Other Liabilities		11,278		24,179		2,301		2,428		1,671		1,819		4,714		13,022
Total Liabilities		265,643		496,549		27,801		27,928		1,671		1,819		86,518		95,916
Company’s Equity		194,703		344,511		16,539		17,008		34,389		37,487		106,188		108,725
Other Investor’s Equity		48,066		85,642		1,776		1,826		8,597		9,372		26,547		27,181
Total Liabilities and Equity		$508,412		$926,702		$46,116		$46,762		$44,657		$48,678		$219,253		$231,822

(1) Includes REIT Basis Adjustments.

11  |  Supplemental Information  |  Second Quarter 2013

Joint Venture Statements of Operations (at 100%)

For the Three Months Ended June 30, 2013 and June 30, 2012 (unaudited)

(In Thousands)

	Duke Joint Venture (1)				Afton Ridge (1)				UK JV				European JV
	Three Months Ended June 30,				Three Months Ended June 30,				Three Months Ended June 30,				Three Months Ended June 30,
	2013		2012		2013		2012		2013		2012		2013		2012
Total Revenues		$16,552		$30,887		$1,292		$1,306		$1,090		$1,135		$4,537		$2,904
Operating Expenses		(5,311)		(10,160)		(346)		(347)		(144)		(153)		(745)		(366)
Net Operating Income		11,241		20,727		946		959		946		982		3,792		2,538
Interest		(3,520)		(6,150)		(376)		(376)		-		-		(552)		-
Depreciation and Amortization		(7,721)		(14,874)		(425)		(458)		(483)		(501)		(1,814)		(1,360)
Net Income from Continuing Operations		-		(297)		145		125		463		481		1,426		1,178
Net Income from Discontinued Operations		(32)		-		-		-		-		-		-		-
Net Income (Loss)		(32)		(297)		145		125		463		481		1,426		1,178
Company’s Share in Net Income (Loss)		(26)		(237)		131		112		370		385		1,141		942
Adjustments for REIT Basis		(38)		(34)		(5)		(4)		-		-		-		-
Company’s Equity in Net Income (Loss)		($64)		($271)		$126		$108		$370		$385		$1,141		$942

(1) Includes REIT Basis Adjustments.

For the Six Months Ended June 30, 2013 and June 30, 2012 (unaudited)

(In Thousands)

	Duke Joint Venture (1)				Afton Ridge(1)				UK JV				European JV
	Six Months Ended June 30,				Six Months Ended June 30,				Six Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012		2013		2012		2013		2012
Total Revenues		$33,171		$62,280		$2,600		$2,650		$2,214		$1,980		$9,627		$5,859
Operating Expenses		(10,776)		(20,613)		(660)		(704)		(290)		(904)		(1,912)		(772)
Net Operating Income		22,395		41,667		1,940		1,946		1,924		1,076		7,715		5,087
Interest		(7,036)		(12,304)		(752)		(752)		-		-		(1,108)		-
Depreciation and Amortization		(15,533)		(29,791)		(860)		(923)		(979)		(849)		(3,281)		(2,719)
Net Income from Continuing Operations		(174)		(428)		328		271		945		227		3,326		2,368
Net Income from Discontinued Operations		2,236		-		-		-		-		-		-		-
Net Income (Loss)		2,062		(428)		328		271		945		227		3,326		2,368
Company’s Share in Net Income (Loss)		1,650		(342)		295		244		756		182		2,661		1,894
Adjustments for REIT Basis		497		(68)		(9)		(9)		-		-		-		-
Company’s Equity in Net Income (Loss)		$2,147		($410)		$286		$235		$756		$182		$2,661		$1,894

(1) Includes REIT Basis Adjustments.

Supplemental Information  |  Second Quarter 2013  |  12

Consolidated & Pro Rata Share Balance Sheets

as of June 30, 2013 and December 31, 2012 (unaudited)

(In Thousands)

	June 30, 2013						December 31, 2012
	Consolidated		Pro Rata Share of Joint Ventures (1)		Total at Pro Rata Share		Consolidated		Pro Rata Share of Joint Ventures (1)		Total at Pro Rata Share
Assets
Real Estate Net		$2,078,960		$591,235		$2,670,195		$1,600,811		$868,321		$2,469,132
Other Assets		429,784		69,289		499,073		438,222		140,506		578,728
Investments in Unconsolidated Entities		361,004		(351,819)		9,185		515,829		(507,731)		8,098
Total Assets		$2,869,748		$308,705		$3,178,453		$2,554,862		$501,096		$3,055,958
Liabilities and Equity
Notes & Loans Payable		$1,208,593		$292,474		$1,501,067		$767,232		$467,666		$1,234,898
Other Liabilities		129,889		16,231		146,120		126,807		33,430		160,237
Total Liabilities		1,338,482		308,705		1,647,187		894,039		501,096		1,395,135
Non-Controlling Interests		2,664		-		2,664		3,490		-		3,490
Shareholders’ Equity		1,528,602		-		1,528,602		1,657,333		-		1,657,333
Total Liabilities and Equity		$2,869,748		$308,705		$3,178,453		$2,554,862		$501,096		$3,055,958

(1) Includes Duke joint venture, Afton Ridge, UK JV and European JV.

13  |  Supplemental Information  |  Second Quarter 2013

Consolidated & Pro Rata Share Statements of Operations

For the Three Months Ended June 30, 2013 and 2012 (unaudited)

(In Thousands)

	Three Months Ended June 30, 2013						Three Months Ended June 30, 2012
	Consolidated		Pro Rata Share of Joint Ventures (1)		Total at Pro Rata Share		Consolidated		Pro Rata Share of Joint Ventures (1)		Total at Pro Rata Share
Total Revenues		$67,110		$18,906		$86,016		$44,886		$29,116		$74,002
Operating Expenses(2)		(19,231)		(5,271)		(24,503)		(10,978)		(8,856)		(19,834)
Net Operating Income		47,879		13,635		61,514		33,908		20,261		54,169
General and Administrative (Corporate Level )		(7,235)		-		(7,235)		(1,924)		-		(1,924)
Investment Management Fee to Related Party		11		-		11		(6,150)		-		(6,150)
Interest Expense		(10,482)		(3,596)		(14,078)		(8,711)		(5,258)		(13,969)
Acquisition Expenses		(162)		-		(162)		(31)		-		(31)
Depreciation and Amortization		(26,770)		(8,397)		(35,167)		(17,985)		(13,800)		(31,785)
Transition Costs		(693)		-		(693)		(1,936)		-		(1,936)
Listing Expense		(10,506)		-		(10,506)		-		-		-
Interest & Other Income		280		-		280		485		-		485
Net Settlement Payments on Interest Rate Swaps		(704)		-		(704)		(164)		-		(164)
(Loss) Gain on Interest Rate Swaps		2,383		-		2,383		122		-		122
Loss on Note Payable at Fair Value		(32)		-		(32)		(25)		-		(25)
(Provision) Benefit for Income Taxes		(151)		-		(151)		(160)		-		(160)
Equity In Income of Unconsolidated Entities		2,575		(1,642)		933		1,087		(1,202)		(115)
Gain on Conversion of Equity Investment to Controlling Interest		(32)		-		(32)		-		-		-
Net Income (Loss)		($3,640)		$ -		($3,640)		($1,484)		$ -		($1,484)

(1) Includes Duke joint venture, Afton Ridge, UK JV and European JV.

(2) Includes Operating and Maintenance, Property Taxes, Property Management Fee to Related Party and property-level General and Administrative.

Supplemental Information  |  Second Quarter 2013  |  14

Consolidated & Pro Rata Share Statements of Operations

For the Six Months Ended June 30, 2013 and 2012 (unaudited)

(In Thousands)

	Six Months Ended June 30, 2013						Six Months Ended June 30, 2012
	Consolidated		Pro Rata Share of Joint Ventures (1)		Total at Pro Rata Share		Consolidated		Pro Rata Share of Joint Ventures (1)		Total at Pro Rata Share
Total Revenues		$121,062		$38,349		$159,411		$88,285		$58,480		$146,765
Operating Expenses(2)		(32,906)		(10,976)		(43,882)		(22,121)		(18,465)		(40,586)
Net Operating Income		88,156		27,373		115,529		66,164		40,015		106,179
General and Administrative (Corporate Level )		(12,189)		-		(12,189)		(3,812)		-		(3,812)
Investment Management Fee to Related Party		(489)		-		(489)		(12,111)		-		(12,111)
Interest Expense		(19,786)		(7,192)		(26,978)		(17,467)		(10,520)		(27,987)
Acquisition Expenses		(2,004)		-		(2,004)		(1,409)		-		(1,409)
Depreciation and Amortization		(48,774)		(16,609)		(65,383)		(35,961)		(27,518)		(63,479)
Transition Costs		(728)		-		(728)		(1,936)		-		(1,936)
Listing Expense		(10,506)		-		(10,506)		-		-		-
Interest & Other Income		487		-		487		1,545		-		1,545
Net Settlement Payments on Interest Rate Swaps		(1,047)		-		(1,047)		(324)		-		(324)
(Loss) Gain on Interest Rate Swaps		1,466		-		1,466		246		-		246
Loss on Note Payable at Fair Value		(57)		-		(57)		(60)		-		(60)
(Provision) Benefit for Income Taxes		(220)		-		(220)		(142)		-		(142)
Equity In Income of Unconsolidated Entities		6,939		(3,572)		3,367		1,629		(1,977)		(348)
Gain on Conversion of Equity Investment to Controlling Interest		77,202		-		77,202		-		-		-
Net Income (Loss)		$78,450		$ -		$78,450		($3,638)		$ -		($3,638)

(1) Includes Duke joint venture, Afton Ridge, UK JV and European JV.

(2) Includes Operating and Maintenance, Property Taxes, Property Management Fee to Related Party and property-level General and Administrative.

15  |  Supplemental Information  |  Second Quarter 2013

CHAMBERS STREET PROPERTIES

Our Properties

as of June 30, 2013

($ in thousands)

Property and Market	Date Acquired		Year Built		Property Type	Our Effective Ownership		Net Rentable Square Feet		Percentage Leased		Approximate Total Acquisition Cost (1)
Domestic Consolidated Properties:
REMEC Corporate Campus 1(2)
San Diego, CA		9/15/2004		1983	Office		100.00%		34,000		100.00%		$6,833
REMEC Corporate Campus 2(2)
San Diego, CA		9/15/2004		1983	Office		100.00%		30,477		100.00%		6,125
REMEC Corporate Campus 3(2)
San Diego, CA		9/15/2004		1983	Office		100.00%		37,430		100.00%		7,523
REMEC Corporate Campus 4(2)
San Diego, CA		9/15/2004		1983	Office		100.00%		30,778		100.00%		6,186
300 Constitution Drive(2)
Boston, MA		11/3/2004		1998	Warehouse/ Distribution		100.00%		330,000		0.00%		19,805
Deerfield Commons(2)
Atlanta, GA		6/21/2005		2000	Office		100.00%		121,969		100.00%		21,834
505 Century Parkway(2)
Dallas, TX		1/9/2006		1997	Warehouse/ Distribution		100.00%		100,000		66.86%		6,095
631 International Parkway(2)
Dallas, TX		1/9/2006		1998	Warehouse/ Distribution		100.00%		73,112		100.00%		5,407
660 North Dorothy(2)
Dallas, TX		1/9/2006		1997	Warehouse/ Distribution		100.00%		120,000		100.00%		6,836
Bolingbrook Point III
Chicago, IL		8/29/2007		2006	Warehouse/ Distribution		100.00%		185,045		100.00%		18,170
Community Cash Complex 1(2)
Spartanburg, SC		8/30/2007		1960	Warehouse/ Distribution		100.00%		205,951		3.50%		2,690
Community Cash Complex 2(2)													2,225
Spartanburg, SC		8/30/2007		1978	Warehouse/ Distribution		100.00%		144,488		76.58%
Community Cash Complex 3(2)													1,701
Spartanburg, SC		8/30/2007		1981	Warehouse/ Distribution		100.00%		116,413		0.00%
Community Cash Complex 4(2)													547
Spartanburg, SC		8/30/2007		1984	Warehouse/ Distribution		100.00%		33,019		100.00%
Community Cash Complex 5(2)													824
Spartanburg, SC		8/30/2007		1984	Warehouse/ Distribution		100.00%		53,033		100.00%
Fairforest Building 1(2)
Spartanburg, SC		8/30/2007		2000	Warehouse/ Distribution		100.00%		51,028		100.00%		2,974
Fairforest Building 2(2)
Spartanburg, SC		8/30/2007		1999	Warehouse/ Distribution		100.00%		104,160		100.00%		5,379
Fairforest Building 3(2)
Spartanburg, SC		8/30/2007		2000	Warehouse/ Distribution		100.00%		100,000		100.00%		5,760
Fairforest Building 4(2)
Spartanburg, SC		8/30/2007		2001	Warehouse/ Distribution		100.00%		190,606		100.00%		5,640
Fairforest Building 5
Spartanburg, SC		8/30/2007		2006	Warehouse/ Distribution		100.00%		316,491		100.00%		16,968
Fairforest Building 6
Spartanburg, SC		8/30/2007		2005	Warehouse/ Distribution		100.00%		101,055		100.00%		7,469
Fairforest Building 7(2)
Spartanburg, SC		8/30/2007		2006	Warehouse/ Distribution		100.00%		101,459		83.78%		5,626
Greenville/Spartanburg Industrial Park(2)
Spartanburg, SC		8/30/2007		1990	Warehouse/ Distribution		100.00%		67,375		100.00%		3,388
Highway 290 Commerce Park Building 1(2)
Spartanburg, SC		8/30/2007		1995	Warehouse/ Distribution		100.00%		150,000		100.00%		5,388
Highway 290 Commerce Park Building 5(2)
Spartanburg, SC		8/30/2007		1993	Warehouse/ Distribution		100.00%		30,000		100.00%		1,420
Highway 290 Commerce Park Building 7(2)
Spartanburg, SC		8/30/2007		1994	Warehouse/ Distribution		100.00%		93,971		100.00%		4,889
HJ Park Building 1(2)
Spartanburg, SC		8/30/2007		2003	Warehouse/ Distribution		100.00%		70,000		100.00%		4,216
Jedburg Commerce Park(2)
Charleston, SC		8/30/2007		2007	Warehouse/ Distribution		100.00%		512,686		100.00%		41,991
Kings Mountain I
Charlotte, NC		8/30/2007		1998	Warehouse/ Distribution		100.00%		100,000		100.00%		5,497
Kings Mountain II
Charlotte, NC		8/30/2007		2002	Warehouse/ Distribution		100.00%		301,400		100.00%		11,311
Mount Holly Building
Charleston, SC		8/30/2007		2003	Warehouse/ Distribution		100.00%		100,823		100.00%		6,208

Supplemental Information  |  Second Quarter 2013  |  16

CHAMBERS STREET PROPERTIES

Our Properties (continued)

as of June 30, 2013

($ in thousands)

Property and Market	Date Acquired		Year Built		Property Type	Our Effective Ownership		Net Rentable Square Feet		Percentage Leased		Approximate Total Acquisition  Cost (1)
Domestic Consolidated Properties:
North Rhett I
Charleston, SC		8/30/2007		1973	Warehouse/ Distribution		100.00%		284,750		0.00%		10,302
North Rhett II
Charleston, SC		8/30/2007		2001	Warehouse/ Distribution		100.00%		101,705		100.00%		7,073
North Rhett III(2)
Charleston, SC		8/30/2007		2002	Warehouse/ Distribution		100.00%		79,972		100.00%		4,812
North Rhett IV
Charleston, SC		8/30/2007		2005	Warehouse/ Distribution		100.00%		316,040		100.00%		17,060
Orangeburg Park Building
Charleston, SC		8/30/2007		2003	Warehouse/ Distribution		100.00%		101,055		0.00%		5,474
Orchard Business Park 2(2)
Spartanburg, SC		8/30/2007		1993	Warehouse/ Distribution		100.00%		17,500		100.00%		761
Union Cross Building I
Winston-Salem, NC		8/30/2007		2005	Warehouse/ Distribution		100.00%		100,853		100.00%		6,585
Union Cross Building II
Winston-Salem, NC		8/30/2007		2005	Warehouse/ Distribution		100.00%		316,130		100.00%		17,216
Highway 290 Commerce Park Building 2(2)
Spartanburg, SC		9/24/2007		1995	Warehouse/ Distribution		100.00%		100,000		100.00%		4,626
Highway 290 Commerce Park Building 6(2)
Spartanburg, SC		11/1/2007		1996	Warehouse/ Distribution		100.00%		105,000		100.00%		3,760
Lakeside Office Center
Dallas, TX		3/5/2008		2006	Office		100.00%		98,750		95.65%		17,994
Kings Mountain III(2)
Charlotte, NC		3/14/2008		2007	Warehouse/ Distribution		100.00%		541,910		100.00%		25,728
Enclave on the Lake(2)
Houston, TX		7/1/2008		1999	Office		100.00%		171,091		100.00%		37,827
Avion III
Washington, DC		11/18/2008		2002	Office		100.00%		71,507		100.00%		21,111
Avion IV
Washington, DC		11/18/2008		2002	Office		100.00%		71,504		100.00%		21,112
13201 Wilfred Lane(2)
Minneapolis, MN		6/29/2009		1999	Warehouse/ Distribution		100.00%		335,400		100.00%		15,340
3011, 3055 & 3077Comcast Place(2)
East Bay, CA		7/1/2009		1988	Office		100.00%		219,631		100.00%		49,000
140 Depot Street(2)
Boston, MA		7/31/2009		2009	Warehouse/ Distribution		100.00%		238,370		100.00%		18,950
12650 Ingenuity Drive
Orlando, FL		8/5/2009		1999	Office		100.00%		124,500		100.00%		25,350
Crest Ridge Corporate Center I(2)
Minneapolis, MN		8/17/2009		2009	Office		100.00%		116,338		100.00%		28,419
West Point Trade Center(2)
Jacksonville, FL		12/30/2009		2009	Warehouse/ Distribution		100.00%		601,500		100.00%		29,000
5160 Hacienda Dr(2)
East Bay, CA		4/8/2010		1988	Office		100.00%		201,620		100.00%		38,500
10450 Pacific Center Court(2)
San Diego, CA		5/7/2010		1985	Office		100.00%		134,000		100.00%		32,750
225 Summit Ave(2)
Northern NJ		6/21/2010		1966	Office		100.00%		142,500		100.00%		40,600
One Wayside Road
Boston, MA		6/24/2010		1998	Office		100.00%		200,605		100.00%		55,525
100 Tice Blvd
Northern NJ		9/28/2010		2007	Office		100.00%		208,911		100.00%		67,600
Ten Parkway North
Chicago, IL		10/12/2010		1999	Office		100.00%		99,566		100.00%		25,000
4701 Gold Spike Drive
Dallas, TX		10/27/2010		2002	Warehouse/ Distribution		100.00%		420,360		100.00%		20,300
1985 International Way
Hebron, KY		10/27/2010		1998	Warehouse/ Distribution		100.00%		189,400		100.00%		14,800
Summit Distribution Center
Salt Lake City, UT		10/27/2010		2001	Warehouse/ Distribution		100.00%		275,080		65.22%		13,400
3660 Deerpark Boulevard
Jacksonville, FL		10/27/2010		2002	Warehouse/ Distribution		100.00%		321,500		100.00%		15,300
Tolleson Commerce Park II
Phoenix, AZ		10/27/2010		1999	Warehouse/ Distribution		100.00%		217,422		100.00%		9,200

17  |  Supplemental Information  |  Second Quarter 2013

CHAMBERS STREET PROPERTIES

Our Properties (continued)

as of June 30, 2013

($ in thousands)

Property and Market	Date Acquired		Year Built		Property Type	Our Effective Ownership			Net Rentable Square Feet		Percentage Leased			Approximate Total Acquisition  Cost (1)
Pacific Corporate Park (2)(3)
Washington, DC		11/15/2010		2002	Office		100.00	%		696,387		100.00	%		144,500
100 Kimball Drive(2)
Northern NJ		12/10/2010		2006	Office		100.00	%		175,000		100.00	%		60,250
70 Hudson Street
New York City Metro NJ		4/11/2011		2000	Office		100.00	%		409,272		100.00	%		155,000
90 Hudson Street
New York City Metro NJ		4/11/2011		1999	Office		100.00	%		419,868		64.86	%		155,000
Millers Ferry Road(2)
Dallas, TX		6/2/2011		2011	Warehouse/ Distribution		100.00	%		1,020,000		100.00	%		40,366
Sky Harbor Operations Center(2)
Phoenix, AZ		9/30/2011		2003	Office		100.00	%		396,179		100.00	%		53,500
1400 Atwater Drive(2)
Philadelphia, PA		10/27/2011		2013	Office		100.00	%		299,809		100.00	%		84,825
Aurora Commerce Center(2)
Denver, CO		11/30/2011		2007	Warehouse/ Distribution		100.00	%		406,959		100.00	%		24,500
Sabal Pavilion(2)
Tampa, FL		12/30/2011		1998	Office		100.00	%		120,500		100.00	%		21,368
2400 Dralle Road(2)(3)
Chicago, IL		3/20/2012		2011	Warehouse/ Distribution		100.00	%		1,350,000		100.00	%		64,250
Midwest Commerce Center I(2)
Kansas City, KS		8/16/2012		2009	Warehouse/ Distribution		100.00	%		1,107,000		100.00	%		62,950
20000 S Diamond Lake Rd.(2)
Minneapolis, MN		11/7/2012		2004	Warehouse/ Distribution		100.00	%		280,577		100.00	%		18,500
Gateway at Riverside(2)
Baltimore, MD		11/30/2012		1991	Warehouse/ Distribution		100.00	%		800,797		100.00	%		49,229
701 & 801 Charles Ewing Blvd.(2)
Central NJ		12/28/2012		2009	Office		100.00	%		110,765		100.00	%		28,310
Mid-Atlantic Distribution Center – Bldg. A(2)
Baltimore, MD		12/28/2012		2008	Warehouse/ Distribution		100.00	%		672,000		100.00	%		43,150
Celebration Office Center III (4)
Orlando, FL		3/1/2013		2009	Office		100.00	%		100,924		100.00	%		18,420
22535 Colonial Pkwy (4)
Houston, TX		3/1/2013		2009	Office		100.00	%		89,750		100.00	%		17,673
Northpoint III(4)
Orlando, FL		3/1/2013		2001	Office		100.00	%		108,499		100.00	%		22,394
Goodyear Crossing II(4)
Phoenix, AZ		3/1/2013		2009	Warehouse/ Distribution		100.00	%		820,384		100.00	%		64,883
3900 North Paramount Parkway(4)
Raleigh, NC		3/1/2013		1999	Office		100.00	%		100,987		100.00	%		18,523
3900 South Paramount Parkway(4)
Raleigh, NC		3/1/2013		1999	Office		100.00	%		119,170		100.00	%		20,859
1400 Perimeter Park Drive(4)
Raleigh, NC		3/1/2013		1991	Office		100.00	%		44,916		100.00	%		6,165
Miramar I(4)
Ft. Lauderdale, FL		3/1/2013		2001	Office		100.00	%		94,060		100.00	%		23,912
Miramar II(4)
Ft. Lauderdale, FL		3/1/2013		2001	Office		100.00	%		128,540		100.00	%		31,910
McAuley Place(4)
Cincinnati, OH		3/1/2013		2001	Office		100.00	%		190,096		100.00	%		32,309
Point West I(4)
Dallas, TX		3/1/2013		2008	Office		100.00	%		182,700		100.00	%		31,795
Easton III(4)
Columbus, OH		3/1/2013		1999	Office		100.00	%		135,485		100.00	%		20,194
Norman Pointe I(4)
Minneapolis, MN		3/1/2013		2000	Office		100.00	%		212,722		79.54	%		36,232
Norman Pointe II(4)
Minneapolis, MN		3/1/2013		2007	Office		100.00	%		324,296		100.00	%		46,113
The Landings I(4)
Cincinnati, OH		3/1/2013		2006	Office		100.00	%		175,695		100.00	%		30,249
The Landings II(4)
Cincinnati, OH		3/1/2013		2007	Office		100.00	%		175,076		94.34	%		23,977
Atrium I(4)
Columbus, OH		3/1/2013		1996	Office		100.00	%		315,102		100.00	%		45,071
Domestic Consolidated Properties (5)				2001						22,114,754		93.60	%		2,443,777

Supplemental Information  |  Second Quarter 2013  |  18

CHAMBERS STREET PROPERTIES

Our Properties (continued)

as of June 30, 2013

($ in thousands)

Property and Market	Date Acquired		Year Built		Property Type	Our Effective Ownership		Net Rentable Square Feet		Percentage Leased		Approximate Total Acquisition Cost (1)
International Consolidated Properties:
602 Central Boulevard(2)
Coventry, UK		4/27/2007		2001	Office		100.00%		50,502		100.00%		23,847
Thames Valley Five(2)
Reading, UK		3/20/2008		1998	Office		100.00%		40,468		100.00%		29,572
Albion Mills Retail Park
Wakefield, UK		7/11/2008		2000	Retail		100.00%		55,294		100.00%		22,098
Maskew Retail Park
Peterborough, UK		10/23/2008		2007	Retail		100.00%		144,400		100.00%		53,740
International Consolidated Properties(5)				2003					290,664		100.00%		129,257
Consolidated Properties(5)				2002					22,405,418		93.68%		2,573,034
Domestic Unconsolidated Properties(6):
Buckeye Logistics Center(7)
Phoenix, AZ		6/12/2008		2008	Warehouse/ Distribution		80.00%		1,009,351		100.00%		52,797
Afton Ridge Shopping Center(8)
Charlotte, NC		9/18/2008		2007	Retail		90.00%		296,427		97.92%		44,530
Allpoints at Anson Bldg. 1(7)
Indianapolis, IN		9/30/2008		2008	Warehouse/ Distribution		80.00%		1,036,573		100.00%		42,684
12200 President’s Court(7)
Jacksonville, FL		9/30/2008		2008	Warehouse/ Distribution		80.00%		772,210		100.00%		29,995
201 Sunridge Blvd.(7)
Dallas, TX		9/30/2008		2008	Warehouse/ Distribution		80.00%		822,550		100.00%		25,690
Aspen Corporate Center 500(7)
Nashville, TN		9/30/2008		2008	Office		80.00%		180,147		100.00%		29,936
125 Enterprise Parkway(7)
Columbus, OH		12/10/2008		2008	Warehouse/ Distribution		80.00%		1,142,400		100.00%		38,088
Allpoints Midwest Bldg. 1(7)
Indianapolis, IN		12/10/2008		2008	Warehouse/ Distribution		80.00%		1,200,420		100.00%		41,428
Fairfield Distribution Ctr. IX(7)
Tampa, FL		5/13/2009		2008	Warehouse/ Distribution		80.00%		136,212		100.00%		7,151
Sam Houston Crossing I(7)
Houston, TX		12/21/2010		2007	Office		80.00%		159,175		100.00%		20,400
Regency Creek I(7)
Raleigh, NC		12/21/2010		2008	Office		80.00%		122,087		100.00%		18,000
533 Maryville Centre(7)
St. Louis, MO		12/21/2010		2000	Office		80.00%		125,296		100.00%		19,102
555 Maryville Centre(7)
St. Louis, MO		12/21/2010		1999	Office		80.00%		127,082		93.18%		15,578
One Conway Park(2)(7)
Chicago, IL		3/24/2011		1989	Office		80.00%		105,000		71.80%		12,320
West Lake at Conway(7)
Chicago, IL		3/24/2011		2008	Office		80.00%		98,304		100.00%		14,060
One Easton Oval(2)(7)
Columbus, OH		3/24/2011		1997	Office		80.00%		125,031		76.47%		9,529
Two Easton Oval(2)(7)
Columbus, OH		3/24/2011		1995	Office		80.00%		128,674		72.11%		10,195
Weston Pointe I(7)
Ft. Lauderdale, FL		3/24/2011		1999	Office		80.00%		97,579		98.29%		15,507
Weston Pointe II(7)
Ft. Lauderdale, FL		3/24/2011		2000	Office		80.00%		97,180		100.00%		18,701
Weston Pointe III(7)
Ft. Lauderdale, FL		3/24/2011		2003	Office		80.00%		97,178		100.00%		18,867
Weston Pointe IV(7)
Ft. Lauderdale, FL		3/24/2011		2006	Office		80.00%		96,175		100.00%		22,605
Domestic Unconsolidated Properties(5)(6)				2006					7,975,051		98.60%		507,163

19  |  Supplemental Information  |  Second Quarter 2013

CHAMBERS STREET PROPERTIES

Our Properties (continued)

as of June 30, 2013

($ in thousands)

Property and Market	Date Acquired		Year Built		Property Type	Our Effective Ownership		Net Rentable Square Feet		Percentage Leased		Approximate Total Acquisition Cost (1)
International Unconsolidated Properties(6):
Amber Park(2)(9)
Nottingham, UK		6/10/2010		1997	Warehouse/ Distribution		80.00%		208,423		100.00%		12,514
Brackmills(2)(9)
Northampton, UK		6/10/2010		1984	Warehouse/ Distribution		80.00%		186,618		100.00%		13,407
Duren(2)(10)
Rhine-Ruhr, Germany		6/10/2010		2008	Warehouse/ Distribution		80.00%		391,494		100.00%		13,148
Schonberg(2)(10)
Hamburg, Germany		6/10/2010		2009	Warehouse/ Distribution		80.00%		453,979		100.00%		13,819
Langenbach(2)(10)
Munich, Germany		10/28/2010		2010	Warehouse/ Distribution		80.00%		225,106		100.00%		18,573
Graben Distribution Center I(10)
Munich, Germany		12/20/2011		2011	Warehouse/ Distribution		80.00%		1,017,868		100.00%		54,962
Graben Distribution Center II(10)
Munich, Germany		12/20/2011		2011	Warehouse/ Distribution		80.00%		73,367		100.00%		6,868
Valley Park, Unit D(2)(9)
Rugby, UK		3/19/2012		2011	Warehouse/ Distribution		80.00%		146,491		100.00%		10,247
Koblenz Distribution Center(10)
Koblenz, Germany		12/12/2012		2012	Warehouse/ Distribution		80.00%		1,070,126		100.00%		63,021
International Unconsolidated Properties(5)(6)				2008					3,773,472		100.00%		206,559
Unconsolidated Properties(5)(6)				2006					11,748,523		99.05%		713,722
All Properties(5)(6)				2003					34,153,941		95.53%		$3,286,756

(1) Approximate total acquisition cost represents the purchase price inclusive of customary closing costs and acquisition fee for properties acquired prior to January 1, 2009 and exclusive of customary costs and acquisition fees for properties acquired on a subsequent to January 1, 2009

(2) This property is unencumbered.

(3) Includes undeveloped land zoned for future office and warehouse/distribution/logistics use.

(4) Properties acquired from the Duke joint venture on March 1, 2013.

(5) Total or weighted average. Weighted average Year Built is weighted based upon approximate Total Acquisition Costs. Weighted average Percentage Leased is weighted based upon Net Rental Square feet.

(6) Does not include CBRE Strategic Partners Asia properties.

(7) This property is held through the Duke joint venture.

(8) This property is held through the Afton Ridge joint venture.

(9) This property is held through the UK JV.

(10) This property is held through the European JV.

Supplemental Information  |  Second Quarter 2013  |  20

CHAMBERS STREET PROPERTIES

Property Distribution and Types

as of June 30, 2013

($ in thousands)

Single- and Multi-Tenant Property Distribution

	Consolidated Properties						Unconsolidated Properties (1)						Consolidated & Unconsolidated Properties(1)
Property Type	Properties		Net Rentable Square Feet		Approximate Total Acquisition Cost		Properties		Net Rentable Square Feet		Approximate Total Acquisition Cost		Properties		Net Rentable Square Feet		Approximate Total Acquisition Cost
Triple Net Single-Tenant Properties		72		17,695,150		$1,860,147		18		10,170,513		$493,195		90		27,865,663		$2,353,342
Multi-Tenant Properties		19		3,589,698		518,679		10		1,356,539		178,820		29		4,946,237		697,499
Other Single-Tenant Properties		8		1,120,570		194,208		2		221,471		41,707		10		1,342,041		235,915
Total		99		22,405,418		$2,573,034		30		11,748,523		$713,722		129		34,153,941		$3,286,756

(1) Number of Properties and Net Rentable Square Feet for Unconsolidated Properties are at 100%. Approximate Total Acquisition Cost for Unconsolidated Properties is at our pro rata share of effective ownership. Does not include our investment in CBRE Strategic Partners Asia.

Property Types

	Consolidated Properties						Unconsolidated Properties(1)						Consolidated & Unconsolidated Properties(1)
Property Type	Properties		Net Rentable Square Feet		Approximate Total Acquisition Cost		Properties		Net Rentable Square Feet		Approximate Total Acquisition Cost		Properties		Net Rentable Square Feet		Approximate Total Acquisition Cost
Office		44		7,331,945		$1,691,257		13		1,558,908		$224,800		57		8,890,853		$1,916,057
Warehouse / Distribution		53		14,873,779		805,939		16		9,893,188		444,392		69		24,766,967		1,250,331
Retail		2		199,694		75,838		1		296,427		44,530		3		496,121		120,368
Total		99		22,405,418		$2,573,034		30		11,748,523		$713,722		129		34,153,941		$3,286,756

(1) Number of Properties and Net Rentable Square Feet for Unconsolidated Properties are at 100%. Approximate Total Acquisition Cost for Unconsolidated Properties is at our pro rata share of effective ownership. Does not include our investment in CBRE Strategic Partners Asia.

21  |  Supplemental Information  |  Second Quarter 2013

CHAMBERS STREET PROPERTIES

Geographic Distribution

as of June 30, 2013

($ In Thousands)

	Consolidated Properties						Unconsolidated Properties(1)						Consolidated & Unconsolidated Properties(1)
	Properties		Net Rentable Square Feet		Approximate Total Acquisition Costs		Properties		Net Rentable Square Feet		Approximate Total Acquisition Costs		Properties		Net Rentable Square Feet		Approximate Total Acquisition Costs
Domestic
New Jersey		6		1,466,316		$506,760		-		-		$             -		6		1,466,316		$506,760
Florida		8		1,600,023		187,654		6		1,296,534		112,826		14		2,896,557		300,480
Texas		9		2,275,763		184,293		2		981,725		46,090		11		3,257,488		230,383
Ohio		5		991,454		151,800		3		1,396,105		57,812		8		2,387,559		209,612
Virginia		3		839,398		186,723		-		-		-		3		839,398��		186,723
Arizona		3		1,433,985		127,583		1		1,009,351		52,797		4		2,443,336		180,380
South Carolina		27		3,648,580		179,171		-		-		-		27		3,648,580		179,171
North Carolina		8		1,625,366		111,884		2		418,514		62,530		10		2,043,880		174,414
California		7		687,936		146,917		-		-		-		7		687,936		146,917
Minnesota		5		1,269,333		144,604		-		-		-		5		1,269,333		144,604
Illinois		3		1,634,611		107,420		2		203,304		26,380		5		1,837,915		133,800
Massachusetts		3		768,975		94,280		-		-		-		3		768,975		94,280
Maryland		2		1,472,797		92,379		-		-		-		2		1,472,797		92,379
Pennsylvania		1		299,809		84,825		-		-		-		1		299,809		84,825
Indiana		-		-		-		2		2,236,993		84,112		2		2,236,993		84,112
Kansas		1		1,107,000		62,950		-		-		-		1		1,107,000		62,950
Missouri		-		-		-		2		252,378		34,680		2		252,378		34,680
Tennessee		-		-		-		1		180,147		29,936		1		180,147		29,936
Colorado		1		406,959		24,500		-		-		-		1		406,959		24,500
Georgia		1		121,969		21,834		-		-		-		1		121,969		21,834
Kentucky		1		189,400		14,800		-		-		-		1		189,400		14,800
Utah		1		275,080		13,400		-		-		-		1		275,080		13,400
Total Domestic		95		22,114,754		2,443,777		21		7,975,051		507,163		116		30,089,805		2,950,940
International
Germany		-		-		-		6		3,231,940		170,391		6		3,231,940		170,391
United Kingdom		4		290,664		129,257		3		541,532		36,168		7		832,196		165,425
Total International		4		290,664		129,257		9		3,773,472		206,559		13		4,064,136		335,816
Total		99		22,405,418		$2,573,034		30		11,748,523		$713,722		129		34,153,941		$3,286,756

(1) Number of Properties and Net Rentable Square Feet for Unconsolidated Properties are at 100%. Approximate Total Acquisition Cost for Unconsolidated Properties is at our pro rata share of effective ownership. Does not include our investment in CBRE Strategic Partners Asia.

Supplemental Information  |  Second Quarter 2013  |  22

CHAMBERS STREET PROPERTIES

Significant Tenants

as of June 30, 2013 (unaudited)

($ in thousands)

			Consolidated Properties				Unconsolidated Properties(1)				Consolidated & Unconsolidated Properties(1)
	Major Tenants	Primary Industry	Net Rentable Square Feet		Annualized Base Rent		Net Rentable Square Feet		Annualized Base Rent		Net Rentable Square Feet		Annualized Base Rent
1	Amazon.com(2)	Internet Retail		820,384		$4,425		4,133,918		$15,659		4,954,302		$20,084
2	Barclay’s Capital	Financial Services		409,272		12,278		-		-		409,272		12,278
3	U.S. General Services Administration	Government		316,065		7,131		133,503		3,379		449,568		10,510
4	Raytheon Company	Defense and Aerospace		666,290		10,023		-		-		666,290		10,023
5	JP Morgan Chase	Financial Services		396,179		5,973		-		-		396,179		5,973
6	Lord Abbett & Co.	Financial Services		174,989		5,896		-		-		174,989		5,896
7	Nuance Communications	Software		200,605		5,753		-		-		200,605		5,753
8	Endo Health Solutions	Pharmaceutical and Health Care Related		299,809		5,591		-		-		299,809		5,591
9	Eisai	Pharmaceutical and Health Care Related		208,911		5,189		-		-		208,911		5,189
10	Comcast	Telecommunications		219,631		4,945		-		-		219,631		4,945
11	Pharmaceutical Product Development	Pharmaceutical and Health Care Related		251,475		4,797		-		-		251,475		4,797
12	The Coleman Company	Consumer Products		1,107,000		4,605		-		-		1,107,000		4,605
13	Deloitte	Professional Services		175,000		4,390		-		-		175,000		4,390
14	Clorox International	Consumer Products		1,350,000		4,310		-		-		1,350,000		4,310
15	Barr Laboratories	Pharmaceutical and Health Care Related		142,500		4,061		-		-		142,500		4,061
16	Conopco(3)	Consumer Products		-		-		1,594,760		3,864		1,594,760		3,864
17	Eveready Battery Company	Consumer Products		-		-		171,728		3,810		171,728		3,810
18	Nationwide Mutual Insurance	Insurance		315,102		3,733		-		-		315,102		3,733
19	ConAgra Foods	Food Service and Retail		741,860		3,422		-		-		741,860		3,422
20	NDB Capital Markets	Financial Services		97,138		3,400		-		-		97,138		3,400
21	Carl Zeiss	Pharmaceutical and Health Care Related		201,620		3,337		-		-		201,620		3,337
22	Whirlpool	Consumer Products		1,020,000		3,299		-		-		1,020,000		3,299
23	NCS Pearson	Education		167,218		3,191		-		-		167,218		3,191
24	American LaFrance	Vehicle Related Manufacturing		512,686		3,163		-		-		512,686		3,163
25	Bob’s Discount Furniture	Home Furnishings/Home Improvement		672,000		2,977		-		-		672,000		2,977
26	Prime Distribution Services	Logistics Distribution		-		-		1,200,420		2,958		1,200,420		2,958
27	Citicorp North America	Financial Services		194,064		2,855		-		-		194,064		2,855
28	Royal Caribbean Cruises	Travel/Leisure		128,540		2,837		-		-		128,540		2,837
29	Noxell Corporation	Consumer Products		800,797		2,836		-		-		800,797		2,836
30	Kellogg’s	Consumer Products		-		-		1,142,400		2,817		1,142,400		2,817
31	Time Warner	Telecommunications		134,000		2,814		-		-		134,000		2,814
32	REMEC	Defense and Aerospace		132,685		2,579		-		-		132,685		2,579
33	B & Q	Home Furnishings/Home Improvement		104,400		2,539		-		-		104,400		2,539
34	Dr Pepper	Food Service and Retail		601,500		2,532		-		-		601,500		2,532
35	American Home Mortgage	Financial Services		182,700		2,530		-		-		182,700		2,530
36	Syngenta Seeds Inc	Agriculture		116,338		2,473		-		-		116,338		2,473
37	Mercy Health Partners of SW Ohio	Pharmaceutical and Health Care Related		124,671		2,460		-		-		124,671		2,460
38	Disney Vacation Development	Travel/Leisure		100,924		2,460		-		-		100,924		2,460
39	Verizon Wireless(4)	Telecommunications		-		-		180,147		2,375		180,147		2,375
40	SBM Atlantia, Inc.	Petroleum and Mining		171,091		2,310		-		-		171,091		2,310
	Other (approx 234 tenants)			7,732,610		53,495		3,078,727		25,301		10,811,337		78,796
				20,990,054		$200,609		11,635,603		$60,163		32,625,657		$260,772

(1) Net Rentable Square Feet for Unconsolidated Properties is at 100%. Annualized Base Rent for Unconsolidated Properties is at our pro rata share of effective ownership. Does not include our investment in CBRE Strategic Partners Asia.

(2) Our tenants are Amazon.com.azdc, Inc., in the Buckeye Logistics Center and Goodyear Crossing Park II properties, Amazon.com.indc, LLC, in the AllPoints at Anson Bldg. 1 property, and Amazon Fulfillment GmbH, in the Graben Distribution Center I property, which are all wholly-owned subsidiaries of Amazon.com.

(3) Our tenant is CONOPCO, Inc., a wholly-owned subsidiary of Unilever.

(4) Verizon Wireless is the d/b/a for Cellco Partnership.

23  |  Supplemental Information  |  Second Quarter 2013

CHAMBERS STREET PROPERTIES

Tenant Industries

as of Six Months Ended June 30, 2013

($ In Thousands)

	Consolidated Properties				Unconsolidated Properties (1)				Consolidated & Unconsolidated Properties (1)
Primary Tenant Industry Category	Net Rentable Square Feet		Annualized Base Rent		Net Rentable Square Feet		Annualized Base Rent		Net Rentable Square Feet		Annualized Base Rent
Financial Services		1,648,406		$ 34,837		139,578		$ 1,683		1,787,984		$ 36,520
Consumer Products		4,618,067		16,596		3,513,556		13,391		8,131,623		29,987
Pharmaceutical and Health Care Related		1,614,073		27,274		315,729		2,625		1,929,802		29,899
Internet Retail		820,384		4,425		4,133,918		15,659		4,954,302		20,084
Defense and Aerospace		900,579		15,297		-		-		900,579		15,297
Logistics and Distribution		964,154		4,358		2,243,094		7,975		3,207,248		12,333
Telecommunications		737,129		9,675		194,155		2,540		931,284		12,215
Government		316,065		7,131		133,503		3,379		449,568		10,510
Business Services		1,227,778		7,808		110,833		1,500		1,338,611		9,308
Education		399,921		7,645		101,040		1,604		500,961		9,249
Food Service and Retail		2,031,703		8,428		38,076		475		2,069,779		8,903
Vehicle Related Manufacturing		1,422,799		8,140		-		-		1,422,799		8,140
Home Furnishings/Home Improvement		1,132,685		7,157		61,149		868		1,193,834		8,025
Insurance		497,889		6,834		42,529		538		540,418		7,372
Professional Services		308,654		5,985		89,602		1,297		398,256		7,282
Software		200,605		5,753		15,424		243		216,029		5,996
Travel and Leisure		229,464		5,296		10,974		192		240,438		5,488
Other Manufacturing		775,395		2,831		152,667		2,543		928,062		5,374
Agriculture		227,103		4,588		8,809		99		235,912		4,687
Specialty Retail		413,549		3,130		110,537		1,223		524,086		4,353
Petroleum and Mining		173,879		2,366		54,755		690		228,634		3,056
Apparel Retail		135,485		1,759		89,385		642		224,870		2,401
Utilities		108,499		1,627		18,428		236		126,927		1,863
Executive Office Suites		85,789		1,669		11,760		56		97,549		1,725
Other Retail		-		-		46,102		705		46,102		705
Totals		20,990,054		$200,609		11,635,603		$60,163		32,625,657		$260,772

(1) Net Rentable Square Feet for Unconsolidated Properties is at our pro rata share of effective ownership. Does not include our investment in CBRE Strategic Partners Asia.

24  |  Supplemental Information  |  Second Quarter 2013

CHAMBERS STREET PROPERTIES

Tenant Lease Expirations

as of June 30, 2013

($ In Thousands)

	Consolidated Properties				Unconsolidated Properties (1)				Consolidated & Unconsolidated Properties(1)
	Expiring Net Rentable Square Feet		Expiring Base Rent		Expiring Net Rentable Square Feet		Expiring Base Rent		Number of Expiring Leases		Expiring Net Rentable Square Feet		Expiring Base Rent		Percentage of Expiring Base Rent
2013 (Six months ending December 31, 2013)		943,806		$5,273		34,324		$371		22		978,130		$5,644		1.98%
2014		1,166,020		7,601		501,589		2,849		43		1,667,609		10,450		3.67%
2015		675,949		6,461		380,693		3,894		36		1,056,642		10,355		3.64%
2016		1,827,458		31,110		235,090		1,902		35		2,062,548		33,012		11.60%
2017		622,077		10,237		1,148,554		8,135		35		1,770,631		18,372		6.46%
2018		1,215,212		13,724		2,117,387		12,285		38		3,332,598		26,009		9.14%
2019		3,574,757		26,566		2,529,664		10,460		24		6,104,421		37,026		13.01%
2020		2,026,527		19,340		30,133		457		14		2,056,660		19,797		6.96%
2021		4,328,641		37,848		2,339,154		13,252		17		6,667,795		51,100		17.96%
2022		711,195		8,968		1,040,021		4,692		7		1,751,216		13,660		4.80%
Thereafter		3,898,412		52,392		1,278,994		6,745		22		5,177,406		59,138		20.76%
Total		20,990,054		$219,520		11,635,603		$65,042		293		32,625,657		$284,562		100%
Weighted Average Remaining Term (years) (2)
Triple Net Single-Tenant Properties(3)				7.53				6.95						7.41
Multi-Tenant Properties				7.12				5.41						6.59
Other Single-Tenant Properties				5.71				7.62						6.17
Total Weighted Average Remaining Term				7.30				6.56						7.13

(1) Expiring Net Rentable Square Feet for Unconsolidated Properties is at 100%. Expiring Base Rent for Unconsolidated Properties is at our pro rata share of effective ownership and does not include our investment in CBRE Strategic Partners Asia.

(2) Weighted Average Remaining Term is the average remaining term weighted by Expiring Base Rent.

(3) Triple Net Single-Tenant Properties include certain properties that have di minimis secondary tenant(s).

Supplemental Information  |  Second Quarter 2013  |  25

CHAMBERS STREET PROPERTIES

Debt Maturities

as of June 30, 2013

(In Thousands)

	Consolidated Debt(1)						Unconsolidated Debt(2)						Consolidated & Unconsolidated Debt(1)(2)
	Scheduled Amortization		Term Maturities		Total		Scheduled Amortization		Term Maturities		Total		Scheduled Amortization		Term Maturities		Total
2013 (Six months ending December 31, 2013)(3)(4)	$	7,934	$	8,776	$	16,710	$	703	$	102,310	$	103,013	$	8,637	$	111,086	$	119,723
2014		16,292		52,564		68,856		1,460		40,640		42,100		17,752		93,204		110,956
2015		16,028		132,448		148,476		1,536		-		1,536		17,564		132,448		150,012
2016		12,838		381,385		394,223		1,617		-		1,617		14,455		381,385		395,840
2017		12,028		34,326		46,354		1,701		65,443		67,144		13,729		99,769		113,498
2018		10,127		261,942		272,069		1,790		-		1,790		11,917		261,942		273,859
2019		7,448		100,786		108,234		1,884		-		1,884		9,332		100,786		110,118
2020		5,962		50,000		55,962		1,982		-		1,982		7,944		50,000		57,944
2021		3,742		70,448		74,190		1,504		69,315		70,819		5,246		139,763		145,009
2022		1,870		-		1,870		-		-		-		1,870		-		1,870
2023		1,987		-		1,987		-		-		-		1,987		-		1,987
Thereafter		1,337		-		1,337		-		-		-		1,337		-		1,337
Total	$	97,593	$	1,092,675	$	1,190,268	$	14,177	$	277,708	$	291,885	$	111,770	$	1,370,383	$	1,482,153

(1) Consolidated debt amount includes $260,044,000 outstanding balance on the Unsecured Credit Facility as of June 30, 2013. The Unsecured Credit Facility may be extended for an additional year from September 2016 to September 2017.

(2) Unconsolidated Debt amounts are at our pro rata share of effective ownership.

(3) The Afton Ridge loan was paid in full on July 3, 2013.

(4) During the six months ended June 30, 2013, the unconsolidated joint venture entities paid total principal amortization of $856,000; the Company’s pro rata share of such principal amortization was $685,000.

Supplemental Information  |  Second Quarter 2013  |  26

CHAMBERS STREET PROPERTIES

Fixed and Floating Interest Rate Debt

as of June 30, 2013

(In Thousands)

	Consolidated Debt(1)						Unconsolidated Debt(2)						Consolidated & Unconsolidated Debt(1)(2)
	Scheduled Amortization		Term Maturities		Total		Scheduled Amortization		Term Maturities		Total		Scheduled Amortization		Term Maturities		Total
Amount
Fixed Interest Rate Debt	$	97,593	$	832,631	$	930,224	$	14,177	$	277,708	$	291,885	$	111,770	$	1,110,339	$	1,222,109
Floating Interest Rate Debt		-		260,044		260,044		-		-		-		-		260,044		260,044
Total	$	97,593	$	1,092,675	$	1,190,268	$	14,177	$	277,708	$	291,885	$	111,770	$	1,370,383	$	1,482,153
Weighted Average Remaining Term (years)
Fixed Interest Rate Debt						4.80						3.65						4.53
Floating Interest Rate Debt						3.21						N/A						3.21
Total						4.52						3.65						4.35
Weighted Average Interest Rate
Fixed Interest Rate Debt						4.54%						4.73%						4.58%
Floating Interest Rate Debt						1.80%						N/A						1.80%
Total						3.94%						4.73%						4.10%

(1) Consolidated debt amount includes $260,044,000 outstanding balance on the Unsecured Credit Facility as of June 30, 2013. The Unsecured Credit Facility may be extended for an additional year from September 2016 to September 2017.

(2) Unconsolidated Debt amounts are at our pro rata share of effective ownership.

27  |  Supplemental Information  |  Second Quarter 2013

Encumbered and Unencumbered Properties

as of June 30, 2013

($ In Thousands)

	Consolidated Properties						Unconsolidated Properties(1)						Consolidated & Unconsolidated Properties(1)
	Properties		Approximate Total Acquisition Cost		Debt Balance		Properties		Approximate Total Acquisition Cost		Debt Balance		Properties		Approximate Total Acquisition Cost		Debt Balance
Encumbered Properties		46		$1,372,203		$680,224		21		$599,970		$291,885		67		$1,972,173		$972,109
Unencumbered Properties		53		1,200,831		-		9		113,752		-		62		1,314,583		-
Unsecured Debt		-		-		510,044		-		-		-		-		-		510,044
Total		99		$2,573,034		$1,190,268		30		$713,722		$291,885		129		$3,286,756		$1,482,153

(1) Number or Properties at 100%. Approximate Total Acquisition Cost and Debt Balance for Unconsolidated Properties is at our pro rata share of effective ownership. Does not include our investment in CBRE Strategic Partners Asia.

Supplemental Information  |  Second Quarter 2013  |  28

Non-GAAP Supplemental Financial Measures:

Net Operating Income

Net operating income, or NOI, is designed to reflect the operating performance of our portfolio by excluding certain items that are not considered to be controllable in connection with the management of the property. NOI is a non-GAAP financial measure which calculates, on a consolidated basis, rental income and tenant reimbursements less property and related expenses (operating and maintenance, property management fees, property level general and administrative expenses and real estate taxes) and excludes other non-property income and expenses, interest expense, depreciation and amortization, and our general and administrative expenses. NOI presented by us may not be comparable to NOI reported by other REITs that may use different methodologies. NOI should not be considered an alternative to net income as an indication of our performance, or as an alternative to cash flow from operating activities as a measure of our liquidity or ability to make cash distributions to shareholders.

Funds From Operations

The National Association of Real Estate Investment Trusts, or NAREIT, created Funds from Operations, or FFO, as a non-GAAP supplemental measure of REIT operating performance, which reflects the impact on operations from trends in occupancy rates, rental rates and operating costs. The most directly comparable GAAP measure to FFO is net income. FFO is used commonly in the real estate industry because historical cost accounting for real estate assets in accordance with GAAP implicitly assumes that the value of real estate assets diminishes predictably over time. Since real estate values instead have historically risen or fallen with market conditions, many industry analysts and investors consider presentations of operating results for REITs that use historical cost accounting to be insufficient.

We compute FFO in accordance with standards established by NAREIT. The revised NAREIT White Paper on FFO defines FFO as net income or loss computed in accordance with GAAP, excluding extraordinary items, as defined by GAAP, impairment charges and gains and losses from sales of depreciable operating property, plus real estate related depreciation and amortization (excluding amortization of deferred financing costs and depreciation of non-real estate assets), and after adjustment for unconsolidated partnerships and joint ventures.

Core Funds From Operations

Changes in the accounting and reporting rules under GAAP (for acquisition fees and expenses from a capitalization/depreciation model to an expensed-as-incurred model) that have been put into effect since the establishment of NAREIT’s definition of FFO have prompted an increase in the non-cash and non-operating items included in FFO. We calculate Core Funds from Operations, or Core FFO, as FFO exclusive of the net effects of acquisition costs, interest rate swap gains/losses, transition and listing costs, and unrealized gain/loss in investments in unconsolidated entities.

We believe that Core FFO is a useful measure of management’s decision-making process and appropriately presents our results of operations on a comparative basis. The items that we exclude from net income are subject to significant fluctuations from period to period that cause both positive and negative effects on our results of operations, often in inconsistent and unpredictable directions. For example, our acquisition costs are primarily the result of the volume of our acquisitions completed during each period, and therefore we believe such acquisition costs are not reflective of our operating results during each period. Similarly, unrealized gains or losses that we have recognized during a given period are based primarily upon changes in the estimated fair market value of certain of our investments due to changes in market conditions and do not necessarily reflect the operating performance of these properties during the corresponding period. Further, costs associated with certain other non-reoccurring expenses, such as the process of transitioning from being an externally

29  |  Supplemental Information  |  Second Quarter 2013

managed company to a self-managed company, our listing of our common shares on the New York Stock Exchange and our modified “Dutch Auction” tender offer are not reflective of our operating results during each period.

We believe that Core FFO is useful to investors as a supplemental measure of operating performance because adjusting FFO to exclude acquisition costs, unrealized gains and/or losses or other non-reoccurring expenses provides investors a view of the performance of our portfolio over time, including if we cease to acquire properties on a frequent and regular basis and allows for a comparison of the performance of our portfolio with other REITs that are not currently engaging in acquisitions. We also believe that Core FFO may provide investors with a useful indication of our future performance, and of the sustainability of our current distribution policy. However, because Core FFO excludes acquisition costs, unrealized gains or losses and/or other non-reoccurring expenses which are important components in an analysis of our historical performance, such supplemental measure should not be construed as a historical performance measure and may not be as useful a measure for estimating the value of our common shares.

We calculate Adjusted Funds From Operations, or AFFO, as Core FFO exclusive of the net effects of (i) amortization associated with deferred financings costs; (ii) amortization of above- and below-market lease intangibles; (iii) amortization of premium on notes payable; (iv) amortization of deferred revenue related to tenant improvements; (v) non-cash share-based compensation expense; (vi) straight-line rental revenue; and (vii) recurring capital expenditures.

Not all REITs calculate FFO, Core FFO or AFFO (or an equivalent measure), in the same manner and therefore comparisons with other REITs may not be meaningful. None of these measures present, nor do we intend for them to present, a complete picture of our financial condition and/or operating performance. We believe that net income, as computed under GAAP, appropriately remains the primary measure of our performance and that FFO, Core FFO and AFFO, when considered in conjunction with net income, improves the investing public’s understanding of the operating results of REITs and makes comparisons of REIT operating results more meaningful.

Supplemental Information  |  Second Quarter 2013  |  30

Chambers Street Properties 47 Hulfish Street, Suite 210 Princeton, NJ 08542-3706 www.ChambersStreet.com