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- 18 Apr 23 Peakstone Realty Trust Announces Webcast to Discuss Recent Listing
- 17 Apr 23 Entry into a Material Definitive Agreement
- 11 Apr 23 Entry into a Material Definitive Agreement
- 24 Mar 23 Peakstone Realty Trust Reports 2022 Fourth Quarter and Full Year Results
- 20 Mar 23 Departure of Directors or Certain Officers
- 10 Mar 23 Amendments to Articles of Incorporation or Bylaws
- 24 Feb 23 Entry into a Material Definitive Agreement
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Exhibit 99.3
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Investor Presentation March 2023
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Disclaimer / Forward-Looking Disclosure This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. You can also identify forward-looking statements by discussions of strategy, plans or intentions. The forward-looking statements contained in this document reflect the Company’s current views about future events and are subject to numerous known and unknown risks, uncertainties, assumptions and changes in circumstances that may cause the Company’s actual results to differ significantly from those expressed in any forward-looking statement. The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: general economic and financial conditions; market volatility; inflation; any potential recession or threat of recession; interest rates; the impact of the work-from-home trends; recent and ongoing disruption in the debt and banking markets; occupancy, rent deferrals and the financial condition of the Company’s tenants; whether easing of the pandemic, work-from-home trends or other factors will impact the attractiveness of industrial and/or office assets; whether we will be successful in renewing leases as they expire; future financial and operating results, plans, objectives, expectations and intentions; expected sources of financing and the availability and attractiveness of the terms of any such financing; legislative and regulatory changes that could adversely affect our business; our future capital expenditures, operating expenses, net income, operating income, cash flow and developments and trends of the real estate industry; whether a listing of the Company will be completed; whether any such listing will maximize shareholder value; whether we will be successful in the pursuit of our business plan, including any dispositions; whether we will succeed in our investment objectives; any relationship between the trading price of our common shares at listing and our published net asset value; any fluctuation and/or volatility of the trading price of our common shares once listed; risks associated with our dependence on key personnel whose continued service is not guaranteed; risks related to the disruption of management’s attention from ongoing business operations due to pursuit of requirements related to being a listed company; whether we will comply with Sarbanes-Oxley as required of listed companies; and other factors, including those risks disclosed in Part I, Item 1A. “Risk Factors” and Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of the Company’s most recent Annual Report on Form 10-K and Part I, Item 2. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of the Company’s Quarterly Reports on Form 10-Q filed with the U.S. Securities and Exchange Commission. The Company cautions investors not to place undue reliance on these forward-looking statements and urges you to carefully review the disclosures it makes concerning risks. While forward-looking statements reflect the Company’s good faith beliefs, assumptions and expectations, they are not guarantees of future performance. The forward- looking statements speak only as of the date of this document. Furthermore, the Company disclaims any obligation to publicly update or revise any forward- looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Our shareholders are cautioned not to place undue reliance on any forward-looking statement in this document. All forward-looking statements are made as of the date of this document, and the risk that actual results will differ materially from the expectations expressed in this document may increase with the passage of time. In light of the significant uncertainties inherent in the forward-looking statements in this document, the inclusion of such forward-looking statements should not be regarded as a representation by us or any other person that the objectives and plans set forth in this document will be achieved.
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Today’s Presenters MICHAEL ESCALANTE CHIEF EXECUTIVE OFFICER & PRESIDENT JAVIER BITAR CHIEF FINANCIAL OFFICER & TREASURER MAX KAMINSKY SENIOR VICE PRESIDENT, CAPITAL TRANSACTIONS 1
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Table of Contents III. A Deeper Dive More About Our Industrial and Office Segments Value Creation Capabilities Capitalization Overview RH – Patterson, CA PepsiCo – Lakeland, FL TransDigm – Whippany, NJ Listing Summary Peakstone Overview 01• 03• 02• 2
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Company Name Peakstone Realty Trust (previously Griffin Realty Trust) Company Type Net Lease Industrial and Office REIT Exchange / Stock Symbol NYSE: PKST Expected Listing Date (Listing of existing common stock) April 13, 2023 Common Stock and OP Units Outstanding 39.5mm1,2 Annualized Distribution (Next distribution record date: May 2, 2023) $0.90 per share1 3 Listing Summary As adjusted for the 1-for-9 reverse stock split announced on March 10, 2023. Includes 36.0mm common stock and 3.5mm OP units outstanding as of December 31, 2022.
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Listing Best Positions the Company for Future Growth and Provides Liquidity for Shareholders ZF WABCO – North Charleston, SC Access to Additional Sources of Capital in the Longer-Term Opportunity for Liquidity for Existing Shareholders Attractive Investment Opportunity for Investors Retain Embedded Upside in the Portfolio Keurig Dr. Pepper – Boston, MA Samsonite – Jacksonville, FL 3M – Dekalb, IL York – Greenwood Village, CO AT&T (3 Properties) – Redmond, WA 4
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PEAKSTONE OVERVIEW
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A Compelling Investment Opportunity Amazon – Pataskala, OH Experienced, cycle-tested team with strong financial alignment and a real estate operator’s mindset Self-funded business model through capital recycling and free cash flow Wholly-owned, high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties located in diverse, strategic growth markets 01 LPL (2 Properties) – Fort Mill, SC Shaw Industries – Savannah, GA 02 03 5
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Wholly-Owned Portfolio Provides Durable Cash Flows with Built- in Long-Term Growth Prospects Notes: $ in millions. Data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023. See detailed property lists for Office, Industrial and Other Segments in the Appendix. LQA Cash NOI is net of carrying costs for vacant assets. Weighted average based on ABR. Based on Rentable Square Feet. Property Count Rentable Sq. Ft (mm) In-Place ABR (mm) LQA Cash NOI (mm)1 WALT (years)2 % Leased3 % Leased to IG Tenants2 Office JV $179mm Book Value of Equity ~49% Minority Interest 46 Office Properties (59 Buildings) 8.6mm Rentable Sq. Ft 6 Wholly-Owned Total 78 19.0 $211.7 $189.8 7.1 95% 61% Industrial Segment 19 9.0 $48.2 / 23% $48.6 / 26% 7.1 100% 59% High-quality, well-located industrial properties with modern specifications Office Segment 38 6.2 $123.5 / 58% $106.7 / 56% 8.4 100% 67% Newer, high-quality, business-essential office properties Other Segment (Office & Industrial) 21 3.8 $40.0 / 19% $34.5 / 18% 3.1 77% 47% Vacant and non-core assets (together with other assets in the same cross-collateralized loan pools)
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High-Quality, Well-Located Industrial and Office Segment Properties Notes: Data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023. Industrial Office / Data Center Arizona Avnet Freeport McMoRan McKesson onsemi AT&T (3 Properties) RH Guild Mortgage IGT Occidental Petroleum Maxar Technologies York Hopkins Corteva Agriscience MISO International Paper 3M Amazon Berry Global Illinois Atlas Copco OceanX Roush Amcor Amazon PPG Express Scripts Huntington Ingalls (2 Properties) UEOS / Blue Force Pepsi Bottling LPL (2 Properties) ZF WABCO Shaw Industries Samsonite PepsiCo Parallon Amentum Fresenius Tech Data Wood Group Southern Company Draeger Medical Mercury Systems Rapiscan Systems Keurig Dr Pepper (2 Properties) Massachusetts TransDigm Travel & Leisure Zoetis New Jersey Fidelity Building Services JMT Maryland Toshiba TEC ABR <$1mm $1mm-$2mm $2mm-$4mm $4mm-$6mm >$6mm States 7 Markets of ABR from Coastal 23 33 74% & Sunbelt Markets 530 Great Circle Road Cigna
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Entered JV with Workspace Property Trust and an institutional buyer Sold 46 office properties for significant cash proceeds De-levered balance sheet Eliminated future capex Closed Four Dispositions of Wholly- Owned Assets Since Q3 2022 $203mm of gross proceeds 7.1% weighted average NTM cash cap rate Extended $750mm Revolver Loan Maturity date extended through January 2026 Repaid $400mm 2024 term loan with revolver loan capacity Optimizing Portfolio and Balance Sheet Generate consistent cash flows Attract high demand from creditworthy tenants, minimizing vacancies Strong rental rate growth potential Selectively sell office assets No need for outside capital Invest capital in existing assets where warranted Target investment grade balance sheet Potential for higher returns with lower capex Strong rental rate growth prospects Robust demand, low vacancy and lagging supply Benefit from secular tailwinds with mark- to-market opportunities Go-Forward Strategy Executed Maintain a Stabilized Portfolio of High- Quality, Well- Located Real Estate Self-Funded Ability to Execute Plan Build Upon Existing Portfolio by Selectively Acquiring High- Quality Industrial Properties Today Redeem $125mm preferred shares Potential savings of ��$10mm in distributions per year1 Potentially Redeem Convertible Preferred Shares (1) Based on a current annual distribution rate of 8.05% as of December 31, 2022. Listing Interim 8
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Primary Long-Term Objective to Maximize Shareholder Value Over Time 03 05 01 04 02 Future focus on acquiring distribution / warehouse assets with market leading building specifications Maximize flexibility by targeting investment grade rating Improve per share metrics through internal and external growth Selectively own business essential, Class A, single-tenant office with long lease durations Multi-channel investment strategy across the risk and capital spectrum 9
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Entrepreneurial & Cycle-Tested Team with Proven Public Real Estate Operating Experience CAPITAL MARKETS ASSET MANAGEMENT LEASING ACCOUNTING & FINANCE ACQUISITIONS & DEVELOPMENT Peakstone Management Team Overview Highly experienced executive management team1 Average ~34 years of real estate experience Decades of experience operating public companies 9 senior real estate professionals averaging ~23 years of experience2 Average ~9 years working together3 Proven real estate and capital markets experience Extensive knowledge of the existing portfolio Broad network of long-standing industry relationships 10 Includes Michael Escalante (CEO), Javier Bitar (CFO) and Nina Momtazee Sitzer (General Counsel, Chief Administrative Officer and Secretary). Includes Senior Vice President and above, other than executive management team. Includes Senior Vice President and above.
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A DEEPER DIVE 01 More About Our Industrial and Office Segments 02 Value Creation Capabilities 03 Capitalization Overview
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More About Our Industrial and Office Segments 01
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MISO – Carmel, IN Pepsi Bottling Ventures – Winston-Salem, NC Essential to Tenant Operations Modern, High-Quality Buildings with Market-Leading Specifications Significant Tenant Investment Difficult-to-Replicate Locations or High-Growth Markets PepsiCo – Lakeland, FL 01 Strategically Located and Critical to the Business Operations of Tenants Roush Industries – Allen Park, MI 11
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Phoenix 16% Boston 13% Denver 8% Birmingham 7% Northern New Jersey 7% Charlotte 7% San Diego 6% Houston 4% Las Vegas 4% Memphis 4% Other 24% Chicago 18% Columbus 16% Stockton/ Modesto 15% Jacksonville 8% Savannah 7% Tampa 7% Detroit 6% Cleveland 6% Hampton Roads 5% 8% Notes: Data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023. Industrial Segment Markets by % of Segment ABR Winston-Salem 4% Other Office Segment Markets by % of Segment ABR 01 Industrial and Office Segments Well-Positioned and Diversified Across High-Growth Markets 12
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Top 10 Office Tenants Rating WALT (yrs.) % of Segment ABR 1 AA 8.6 18% 1 BBB 6.9 9% 2 Ba3 7.7 15% 2 BBB+ 21.2 7% 3 A+ 3.8 10% 3 Baa3 13.8 7% 4 Ba2 1.9 8% 4 Baa2 4.4 6% 5 AA 10.3 7% 5 B+ 7.5 6% 6 A+ 5.6 7% 6 BBB+ 5.8 5% 7 BBB 9.8 6% 7 BB- 6.7 5% 8 BBB- 5.0 5% 8 HY6 11.0 4% 9 A3 9.6 4% 9 BB+ 8.0 4% 10 NR 5.9 3% 10 BBB 7.0+ 4% Top 10 Subtotal / Average2 6.8 83% Top 10 Subtotal / Average2 9.6 57% Top 10 Industrial Tenants Rating WALT (yrs.) % of Segment ABR Capital Goods 23% E-Commerce 18% Consumer Durables & Apparel 15% Retailing 15% Food, Beverage & Tobacco 10% 3 Other Industries 19% Materials 13% Capital Goods 12% Health Care Equipment & Services 11% Food, Beverage & Tobacco 9% Utilities 9% 10 Other Industries 46% Peakstone Realty Trust has no affiliation, connection or association with and is not sponsored or approved by the tenants of its properties. Peakstone Realty Trust has not approved or sponsored its tenants or their products and services. All product and company names, logos and slogans are the trademarks or service marks of their respective owners. (1) Weighted average lease term calculated as a weighted average based on ABR. (2) Based on % of segment ABR. 13 % Leased to S&P 500 Companies: 49%2 % Leased to S&P 500 Companies: 54%2 Leased to High-Quality Tenants Diversified Across Industries 01 Top 5 Tenant Industries by % of Segment ABR Top 5 Tenant Industries by % of Segment ABR Industrial Segment Office Segment Notes: Data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023. Tenants ranked by ABR.
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IG Rated 67% Sub-IG/Not- Rated 33% IG Rated 59% Sub-IG/Not- Rated 41% Notes: Data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023. Industrial Segment Investment Grade Tenants by % of Segment ABR Office Segment Investment Grade Tenants by % of Segment ABR 01 Majority Investment Grade Tenancy 100% Rent Collections During COVID 14
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8% 3% 10% 17% 3% 15% 18% 26% '23 '24 '25 '26 '27 '28 '29 '30 '31 '32 and Thereafter 2% 1% 3% 4% 11% 6% 20% 14% 9% 30% '23 '24 '25 '26 '27 '28 '29 '30 '31 '32 and Thereafter 7.1 IndustrialSegment WALT(yrs.)1 Notes: Data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023. (1) Calculated as a weighted average based on ABR. 8.4 Office Segment WALT(yrs.)1 % Industrial Segment ABR Expiring Per Year % Office Segment ABR Expiring Per Year 01 Near-Term Stability with Long-Term Ability to Capitalize on Opportunities 15
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Notes: JLL Research as of March 10, 2023. PKST data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023. PKST averages are weighted based on segment ABR, except for property size. All other stats based on % of segment ABR. Based on average property CoStar star rating on a scale from 1 (low) to 5 (high) for each portfolio. Represents distribution / warehouse assets only. Industrial peers include: BNL, EGP, FR, GOOD, ILPT, LXP, ONL, PLD, PLYM, REXR, STAG, TRNO and WPC. Average Age 26 years Peer Average3 13 years Average Clear Heights2 27 feet Peer Average3 32 feet WALT 7.0 years Peer Average3 7.1 years Average Property Size 177k SF Peer Average3 474k SF Investment Grade Tenants 59% Industrial Segment Portfolio 39% Peer Average3 01 Industrial Segment Portfolio Among the Highest Quality – Meets the Needs of Today’s Tenants % Properties Rated 4+ Stars (CoStar)1 47% Peer Average3 91% 16
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Property Name Nearest Port Top 10 US Port Rank # 1 Miles to Port % of Segment ABR TransDigm Port Newark (Port of NY/NJ) 2 25 2% Shaw Industries Port of Savannah 4 11 7% Huntington Ingalls (500 W. Park Lane) Port of Virginia 6 23 3% Huntington Ingalls Port of Virginia 6 23 3% Total / Average 24 48% Port-Adjacent Industrial Segment Assets PepsiCo RH Samsonite Notes: Data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023. Properties ranked by port ranking. (1) US Port Rank is based on Total 2022 Twenty-foot Equivalent Units (TEUs) per Supply Chain Dive published February 27, 2023. “N/A” indicates the rank falls outside of the Top 10. 01 48% of Industrial Segment ABR from Properties Proximate to Top US Ports Huntington Ingalls (2 Properties) ZF WABCO Shaw Industries Fidelity Building Services TransDigm (300 W. Park Lane) ZF WABCO Port of Charleston 8 16 2% RH Port of Oakland 9 38 15% Samsonite Port of Jacksonville 10 8 8% Fidelity Building Services Port of Baltimore N/A 21 1% PepsiCo Port Tampa Bay N/A 52 7% Distribution / Warehouse Property Ports 17
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$5.35 $6.35 In-Place ABR PSF Market Average $48mm $57mm Total In-Place Market Average ABR Upside Potential: Notes: JLL Research as of December 31, 2022. PKST data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023. Industrial Segment In-Place ABR PSF vs Market Rent PSF Significant Embedded Value Releasing Spreads at Current Market Rent Shaw Industries – Savannah, GA +61% RH – Patterson, CA +64% Industrial Segment Total In-Place ABR vs Market Rent 01 Significant Upside Through Industrial Segment Mark-to- Market Opportunity x 9.0mm SF 18
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67% 163k SF 8.4 years 100% 78% 11 years Office Segment Portfolio Average Age 23 years Peer Average2 Average Property Size 105k SF Peer Average2 WALT 8.2 years Peer Average2 Investment Grade Tenants 45% Peer Average2 % Leased 96% Peer Average2 Notes: JLL Research as of March 10, 2023. PKST data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023. PKST averages are weighted based on segment ABR, except for property size. All other stats based on % of segment ABR, except % leased which is based on Rentable Square Feet. (1) Based on average property CoStar star rating on a scale from 1 (low) to 5 (high) for each portfolio. 35% Peer Average2 % of Properties Rated 4+ Stars (CoStar)1 01 Office Segment Portfolio Newest Among Peer Group – A Key Determinant of Performance (2) Office peers include: BNL, GOOD, ONL, and WPC. 19
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Mercury Systems – Andover, MA 11 21 24 23 22 PKST ONL BNL GOOD WPC Peer Avg: 23 Notes: JLL Research as of March 10, 2023. PKST data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023. Based on average property CoStar star rating on a scale from 1 (low) to 5 (high) for each portfolio. Average age is defined as year built or most recent renovation. PKST average weighted based on segment ABR. onsemi – Scottsdale, AZ 78% 52% 45% 41% 1% PKST ONL GOOD WPC BNL Peer Avg: 35% JMT – Baltimore, MD Zoetis – Parsippany, NJ % of Properties Rated 4+ Stars (CoStar)1 Average Building Age (Yrs)2 41% of Office Segment ABR from Corporate Headquarters3 Freeport McMoRan– Phoenix, AZ Guild Mortgage – San Diego, CA 01 Newer, Higher-Quality, Business-Essential Office Segment Assets Should Require Lower Capex and Higher Valuations (3) Only selected tenant corporate headquarters are shown. 20
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$95 $90 $81 $78 $70 Peakstone W.P. Carey Orion Gladstone 16% Broadstone 10% 19% 11% 20% 12% 27% 18% 30% 21% 26% 30% 32% 45% 51% Broadstone Gladstone W.P. Carey Orion Peakstone Notes: JLL Research as of March 10, 2023. PKST data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023. Analysis pertains to five-mile radius surrounding office assets in each peer’s portfolio. Peakstone’s office markets include: Baltimore, Birmingham, Boston, Charlotte, Dallas/Fort Worth, Denver, Des Moines, Houston, Indianapolis, Las Vegas, Memphis, Nashville, Northern New Jersey, Phoenix, Pittsburgh, Platteville, Raleigh/Durham, San Antonio, San Diego, Seattle/Puget Median Household Income1, 2 (2022, $000s) 01 Office Segment Assets Located in Markets with Strong Demographic Trends Educational Attainment1, 2 (age 25+, 2022) Bachelors Masters Sound, Tampa and Tyler. 21
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Value Creation Capabilities 02
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Repositioning and Development Opportunities Corporate M&A Joint Ventures Signature REIT Cycle-tested team with insight, experience, relationships and creativity to source, structure, and execute on multiple transaction types Amazon – Arlington Heights, IL RH – Patterson, CA Proven Experience Executing Versatile Investment Strategies 02 Proactive Asset Management York – Greenwood Village, CO Property & Portfolio Acquisitions ✓ ✓ ✓ ✓ Tax Deferred Strategies Avnet – Chandler, AZ ✓ ✓ 22 Amazon – Pataskala, OH
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Vacant Buildings 01 Park Meadows – Lone Tree, CO Raytheon - Charlotte, NC 02 Short-Term WALT Other Asset Attributes Other Segment Key Figures 21 Properties $40.0mm ABR 3.1 WALT (Years)2 18% / 82% Industrial / Office1 77% % Leased 3.8mm Rentable Square Feet Notes: $ in millions. As of December 31, 2022. Based on ABR. Weighted average based on ABR. Other Segment Debt Interest Maturity Outstanding # of Rate Date Balance Properties Highway 94 Loan 3.75% 2024 $13 1 Hitachi Astemo - Columbus, OH Franklin Center - Columbia, MD AIG Loan II 4.15% 2025 122 8 AIG Loan 4.96% 2029 100 5 03 Cross-Collateralized Assets 04 Partially Leased Total Other Segment Debt $235 14 02 Proactive Asset Management: An Overview of Other Segment Assets 23
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Repositioning Generated significant value accretion through an early lease termination that provided proceeds for a strategic R&D-to-warehouse conversion Achieved credit and lease term enhancement with no downtime and no out-of-pocket capital investment Increased the rental rate PSF by 6.4% Amazon – Arlington Heights, IL 02 Team Has Proven Experience Identifying and Executing Value Creation Opportunities Redevelopment Partnered with the tenant to completely overhaul a building with outdated components and environmental issues Post-renovation, asset replicated new construction with modern technology well-below replacement cost for a building located in an upscale Birmingham submarket Closed on a 28-year lease with an investment grade tenant Southern Company – Birmingham, AL Formed a JV with a leading developer to construct a distribution warehouse for RH Financed over 90% of total construction costs and committed to a forward takeout Acquired a mission-critical warehouse for RH with a 15-year lease term Build-to-Suit / Joint Venture RH – Patterson, CA 24
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Capitalization Overview 03
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Notes: $ in millions. Represents the sales of Fox Head industrial property, Renfro industrial property and Amazon (South Lake at Dulles) office property in January 2023, February 2023 and March 2023, respectively. Represents the repayment of the $19mm HealthSpring loan on March 6, 2023. Also includes $25mm of estimated listing transaction costs. On March 21, 2023, the Company extended its $750mm revolver loan through January 31, 2026 (subject to completion of the listing of the Company’s common shares), and utilized available revolver capacity to repay the $400mm term loan due 2024. Assumes the Company’s outstanding preferred shares have been redeemed; such redemption has not occurred as of the date of this document. Adjusted for the repayment of the HealthSpring loan on March 6, 2023, extension of the revolver loan and repayment of the 2024 term loan. Including the effect of the interest rate swap agreements with a total notional amount of $750mm, the weighted average interest rate as of December 31, 2022 on term loans and outstanding revolver loan was 3.96%, based on a weighted average interest strike rate of 2.46% plus a spread of 1.40% and the market adjustment to SOFR of 0.1%. Cash and Cash Equivalents excludes restricted cash. Net Consolidated Debt is presented since PKST has no obligation to contribute capital to the unconsolidated joint venture and has no guarantee related to the debt of the unconsolidated joint venture. Share count includes 36.0mm common stock and 3.5mm OP units outstanding as of December 31, 2022. As adjusted for the 1-for-9 reverse stock split announced on March 10, 2023. Capitalization Overview Balance Sheet and Liquidity Overview 03 As of 1Q23 Asset Other Revolver Loan Adjusted Potential Redemption Pro Forma Following 12/31/2022 1 Sales 2 Adjustments Amendment3 12/31/2022 4 of Preferred Shares Pref. Redemption4 5 Rate 5 Term Secured Debt Secured Fixed Rate Mortgages $540 (19) $521 $521 4.43% 4.4 Total Secured Debt $540 $521 $521 Unsecured Debt 2024 Term Loan6 400 (400) - - -- -- 2025 Term Loan6 400 400 400 3.96% 3.0 2026 Term Loan6 150 150 150 3.96% 3.3 Revolver Loan ($750mm Commitment)3,6 - 400 400 400 3.96% 3.1 Total Unsecured Debt $950 $950 $950 Total Consolidated Debt $1,490 $1,471 $1,471 Cash and Cash Equivalents7 (233) (165) 44 (354) 125 (229) Net Consolidated Debt8 $1,257 $1,117 $1,242 Pro Rata Share of JV Debt 526 526 526 Net Debt (Pro Rata Share) $1,782 $1,642 $1,767 Perpetual Convertible Preferred Shares 125 125 (125) - Net Debt (Pro Rata Share) + Preferred Shares $1,907 $1,767 $1,767 Memo: Common Stock + OP Units Outstanding (mm) 9 39.5 39.5 39.5 Operating Metrics LQA Normalized EBITDAre 232 (13) 219 219 Leverage Metrics Net Debt (Pro Rata Share) / LQA Normalized EBITDAre Net Debt (Pro Rata Share) + Preferred Shares / LQA Normalized EBITDAre 7.7x 8.2x 7.5x 8.1x 8.1x 8.1x 25
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Wholly-Owned Balance Sheet and Liquidity Overview (Cont’d) 03 Notes: $ in millions. Excludes pro rata share of JV debt. Reflects the repayment of the $19mm HealthSpring loan on March 6, 2023, the extension of the revolver loan through January 31, 2026, the repayment of the $400mm term loan due 2024 with available revolver capacity and the potential redemption of $125mm of perpetual convertible preferred shares. Reflects cash and cash equivalents as of December 31, 2022, adjusted for proceeds from 1Q23 asset sales, the repayment of the $19mm HealthSpring loan, $25mm of estimated listing transaction costs and the potential redemption of $125mm of perpetual convertible preferred shares. Represents the December 31, 2022 remaining available capacity of $203mm, adjusted for the impact from 1Q23 asset sales and additional available capacity from currently unencumbered assets. Percentage of floating-rate debt includes impact of fixed-rate swaps. Consolidated Debt Maturity at Listing1 Other Balance Sheet Highlights at Listing1 Wtd. Avg. Interest Rate: 4.1% Net Consolidated Debt / Total Gross Real • Total Liquidity: $469mm Estate: 36% Pro Forma Cash and Cash Equivalents: $229mm2 Remaining Revolver Capacity: $240mm3 Unsecured Secured Fixed Floating4 86% 14% Total Consolidated Debt: $1,471 35% 65% $1,471 Total Consolidated Debt: $18 $31 $122 $250 $100 $400 $150 $400 $350 2023 2024 2025 2026 2027 2028 2029 Fixed Rate Mortgages Revolver Loan Term Loans Remaining Revolver Commitment 26
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Wholly-Owned LQA Cash NOI1 Balance Sheet Components Cash & Restricted Cash2 $ 234 Book Value of Office JV $ 179 Other Assets $ 75 Building Blocks of Net Asset Value 03 Notes: $ in millions. As of December 31, 2022 as adjusted for 1Q23 asset sales. LQA Cash NOI is net of carrying costs for vacant assets. Reflects cash and cash equivalents as of December 31, 2022, adjusted for proceeds from 1Q23 asset sales, the repayment of the $19mm HealthSpring loan, $25mm of estimated listing transaction costs, and the potential redemption of $125mm of perpetual convertible preferred shares, plus $5mm of restricted cash. Reflects the repayment of the $19mm HealthSpring loan on March 6, 2023 and repayment of the $400mm term loan due 2024 with available revolver capacity. Other Segment NOI $ 34 Industrial Segment NOI $ 49 Office Segment NOI $ 107 + + Total Consolidated Debt3 $ 1,471 Other Liabilities $ 81 27
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A Compelling Investment Opportunity Amazon – Pataskala, OH Experienced, cycle-tested team with strong financial alignment and a real estate operator’s mindset Self-funded business model through capital recycling and free cash flow Wholly-owned, high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties located in diverse, strategic growth markets 01 LPL (2 Properties) – Fort Mill, SC Shaw Industries – Savannah, GA 02 03 28
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APPENDIX
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29 Notes: Reflects board of trustees post-listing; independent trustees shaded. Highly Reputable Board of Trustees Casey Wold Chair Current Chief Executive Officer and Managing Partner of Vanderbilt Office Properties Served as Senior Managing Director of Tishman Speyer and was a member of the Investment and Management committees Served as CIO and COO of Trizec Properties Former board member of CTO Realty Growth, Inc. (NYSE), Trizec Properties (NYSE), and Captivate Networks, Inc. Gregory Cazel Trustee Current Managing Director at Lument Capital Served as Managing Director in the Real Estate Capital Markets division of Wells Fargo Bank, as EVP and Principal at A10 Capi tal, and held various positions at Dexia Real Estate Capital Markets Company and JP Morgan Mortgage Capital Carrie DeWees Trustee Most recently a Managing Principal of Allstate Investments Held various positions in acquisitions, asset management, and investor relations at JMB Realty, Heitman, Henderson Global Adv isors, and American Realty Advisors Current Chief Executive Officer, President and Trustee of Peakstone Realty Trust Served as Chief Investment Officer of Peakstone Realty Trust’s predecessor entities Samuel Tang Trustee Current Managing Partner of TriGuard Management LLC Served as a Managing Director, Equities, of Pacific Life Insurance Company and Managing Partner at The Shidler Group Independent Trustees Trustee Michael Escalante Trustee
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E S G Minimize environmental impact of our buildings Emphasize the health and well-being of building occupants Environmentally Sustainable Practices: In-office sustainability initiatives Consider environmental impact in investment decisions Partner with our tenants on sustainability projects Continue to seek new technology solutions Diverse executive management team Individual differences and a diverse and inclusive culture are essential to our continued success Dedicated to enhancing employee wellness and giving back to our community Social Responsibility Initiatives: Maintain a diverse workforce Support employee growth and wellness Promote charitable initiatives Sound corporate governance essential to the success of our organization and stakeholders Governance Practices: Non-staggered board Four of five board members post-listing are independent Independent committees Documented governance, conduct and ethics policies Fully committed to ESG initiatives 30 Corporate Responsibility Commitment
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Office JV Key Stats JV Portfolio Stats1 59 / 46 Office Buildings / Properties 8.6mm Rentable Square Feet 22 Markets 14 States Vanguard – Charlotte, NC 2500 Windy Ridge Parkway – Atlanta, GA Duke Bridges I – Frisco, TX 2 Circle Star Way – San Carlos, CA 31 Includes initial transaction of 53 buildings across 41 properties for $1.1bn announced August 2022 and a second transaction of 6 buildings across 5 properties for $170.4mm announced December 2022. JV is managed by an affiliate of Workspace Property Trust. August 2022 Date Entered JV $1.3bn Transaction Value1 49% Minority Interest $179mm Book Value of Equity Workspace Property Trust / Institutional Buyer JV Partner2 JV is unconsolidated and held at book value on balance sheet Not obligated to make any capital contributions $526mm PKST pro-rata share of debt No guarantees or financial commitments with respect to the JV debt Our Office Joint Venture
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Detailed Wholly-Owned Portfolio Summary (2) (3) (4) Total calculated as a weighted average based on rentable square feet. Total calculated as a weighted average based on ABR. Lease restricts certain disclosures. 32 # Segment Property / Tenant Name Address Property Market Property State Building Square Feet Tenancy Type % Leased ² Property Sub-Type Year Built / Renovated ¹ ³ Property WALT ³ % of Total ABR 01 Industrial RH 825 Rogers Road Stockton/Modesto CA 1,501,400 Single-Tenant 100.0% Warehouse 2015 7.7 3.5% 02 Industrial Amazon (Etna) 11999 National Road Columbus OH 856,300 Single-Tenant 100.0% Warehouse 2016 – ⁴ 2.9% 03 Industrial 3M 1650 Macom Drive Chicago IL 978,100 Single-Tenant 100.0% Warehouse 2016 3.8 2.3% 04 Industrial Samsonite 10480 Yeager Road Jacksonville FL 817,700 Single-Tenant 100.0% Warehouse 2008 1.9 1.9% 05 Industrial Shaw Industries 445 Northport Parkway Savannah GA 1,001,500 Single-Tenant 100.0% Warehouse 2018 10.3 1.6% 06 Industrial PepsiCo 8060 State Road 33 North Tampa FL 605,400 Single-Tenant 100.0% Warehouse 2018 5.6 1.5% 07 Industrial Amcor 975 West Main Street Cleveland OH 586,700 Single-Tenant 100.0% Manufacturing 1997 9.8 1.3% 08 Industrial Amazon (Arlington Heights) 1455 West Cellular Drive Chicago IL 182,900 Single-Tenant 100.0% Warehouse 2020 – ⁴ 1.1% 09 Industrial Pepsi Bottling Ventures 390 Business Park Drive Winston-Salem NC 526,300 Single-Tenant 100.0% Warehouse 2008 9.6 0.9% 10 Industrial Roush Industries 333/777 Republic Drive Detroit MI 169,200 Single-Tenant 100.0% Industrial/R&D 2000 5.9 0.8% 11 Industrial Berry Global 1515 Franklin Boulevard Chicago IL 193,700 Single-Tenant 100.0% Manufacturing 2003 10.0 0.7% 12 Industrial OceanX 6390 Commerce Court Columbus OH 312,000 Single-Tenant 100.0% Warehouse 2015 6.6 0.7% 13 Industrial Atlas Copco 3301 Cross Creek Parkway Detroit MI 120,000 Single-Tenant 100.0% Industrial/R&D 2014 2.8 0.6% 14 Industrial Huntington Ingalls (500 W. Park Lane) 500 West Park Lane Hampton Roads VA 258,300 Single-Tenant 100.0% Warehouse 1999 5.0 0.6% 15 Industrial Huntington Ingalls (300 W. Park Lane) 300 West Park Lane Hampton Roads VA 257,200 Single-Tenant 100.0% Warehouse 2000 5.0 0.6% 16 Industrial ZF WABCO 8225 Patriot Boulevard Charleston SC 145,200 Single-Tenant 100.0% Warehouse 2016 10.7 0.5% 17 Industrial TransDigm 110 Algonquin Parkway Northern New Jersey NJ 114,300 Single-Tenant 100.0% Manufacturing 1986 5.3 0.5% 18 Industrial Hopkins 428 Peyton Street Emporia KS 320,800 Single-Tenant 100.0% Manufacturing 2000 14.0 0.5% 19 Industrial Fidelity Building Services 25 Loveton Circle Baltimore MD 54,800 Single-Tenant 100.0% Industrial/R&D 1981 12.0 0.3% Total Industrial Segment 19 Properties 9,001,800 100.0% 2010 7.1 $48,191 20 Office Southern Company 3525 & 3535 Colonnade Parkway Birmingham AL 669,400 Single-Tenant 100.0% Office 2018 21.2 4.3% 21 Office Keurig Dr. Pepper (53 South Avenue) 53 South Avenue Boston MA 280,600 Single-Tenant 100.0% Office 2014 6.9 4.1% 22 Office Freeport McMoRan 333 N. Central Ave Phoenix AZ 249,000 Single-Tenant 99.0% Office 2010 4.4 3.7% 23 Office Maxar Technologies 1300 West 120th Avenue Denver CO 430,000 Single-Tenant 100.0% Office 2002 7.5 3.6% 24 Office Terraces at Copley Point 5887 Copley Drive San Diego CA 201,700 Multi-Tenant 100.0% Office 2009 5.4 3.3% 25 Office LPL (1055 & 1060 LPL Way) 1055 & 1060 LPL Way Charlotte SC 307,200 Single-Tenant 100.0% Office 2016 13.8 2.7% 26 Office Travel & Leisure, Co. 14 Sylvan Way Northern New Jersey NJ 203,500 Single-Tenant 100.0% Office 2013 6.7 2.7% 27 Office Wood Group (Westgate III) 17325 Park Row Houston TX 226,300 Single-Tenant 100.0% Office 2014 11.0 2.6% 28 Office IGT 6355 South Buffalo Drive Las Vegas NV 222,300 Single-Tenant 100.0% Office 2008 8.0 2.4% 29 Office International Paper 1740 International Drive Memphis TN 238,600 Single-Tenant 100.0% Office 2015 7.0+ ⁴ 2.3% 30 Office onsemi (5701 N. Pima Road) 5701 N. Pima Road Phoenix AZ 133,400 Single-Tenant 100.0% Office 2017 – ⁴ 1.6% 31 Office Zoetis 10 Sylvan Way Northern New Jersey NJ 125,700 Single-Tenant 100.0% Office 2016 – ⁴ 1.5% 32 Office McKesson (5801 N. Pima Road) 5801 North Pima Road Phoenix AZ 124,900 Single-Tenant 100.0% Office 2019 – ⁴ 1.4% 33 Office McKesson (5601 N. Pima Road) 5601 N. Pima Road Phoenix AZ 138,200 Single-Tenant 100.0% Office 2017 – ⁴ 1.4% 34 Office 40 Wight 40 Wight Avenue Baltimore MD 132,200 Multi-Tenant 93.2% Office 2017 9.8 1.4% 35 Office York Space Systems (East Village) 6060 South Willow Drive Denver CO 138,100 Single-Tenant 100.0% Office/R&D 2020 9.0 1.4% Notes: Data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023. Properties sorted by % of Total ABR. (1) Year shown is either the year built or year substantially renovated.
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Detailed Wholly-Owned Portfolio Summary (Cont’d) (2) (3) (4) Total calculated as a weighted average based on rentable square feet. Total calculated as a weighted average based on ABR. Lease restricts certain disclosures. 33 # Segment Property / Tenant Name Address Property Market Property State Building Square Feet Tenancy Type % Leased ² Property Sub-Type Year Built / Renovated ¹ ³ Property WALT ³ % of Total ABR 36 Office Corteva Agriscience 8501 NW 62nd Ave Des Moines IA 184,300 Single-Tenant 100.0% Office/Lab 2014 3.9 1.4% 37 Office Keurig Dr. Pepper (63 South Avenue) 63 South Avenue Boston MA 150,700 Single-Tenant 100.0% Office/Lab/R&D 2013 6.9 1.3% 38 Office LPL (1040 LPL Way) 1040 LPL Way Charlotte SC 144,400 Single-Tenant 100.0% Office 2016 13.8 1.3% 39 Office Toshiba TEC 3901 South Miami Boulevard Raleigh/Durham NC 200,800 Single-Tenant 100.0% Office 2016 5.3 1.2% 40 Office Mercury Systems 50 Minuteman Road Boston MA 145,300 Single-Tenant 100.0% Office/Lab 1997 9.3 1.2% 41 Office Occidental Petroleum 501 North Division Street Platteville CO 114,500 Single-Tenant 100.0% Office 2013 10.8 1.1% 42 Office Avnet (Phoenix) 2211 S 47th Street Phoenix AZ 176,400 Single-Tenant 100.0% Office 1997 3.7 1.0% 43 Office PPG 400 Bertha Lamme Drive Pittsburgh PA 118,000 Single-Tenant 100.0% Office 2010 8.0 1.0% 44 Office MISO 720 City Center Drive Indianapolis IN 133,400 Single-Tenant 100.0% Office 2016 5.3 1.0% 45 Office Amentum (Heritage III) 13500 Heritage Parkway Dallas/Fort Worth TX 119,000 Single-Tenant 100.0% Office 2006 – ⁴ 0.9% 46 Office Draeger Medical Systems Six Tech Drive Boston MA 128,400 Single-Tenant 100.0% Office/Lab 2020 8.5 0.9% 47 Office Fresenius Medical Care 3355 Earl Campbell Pkwy Tyler TX 81,000 Single-Tenant 100.0% Office 2016 8.8 0.8% 48 Office Cigna (500 Great Circle Road) 500 Great Circle Road Nashville TN 72,200 Single-Tenant 100.0% Office 2012 4.5 0.7% 49 Office Cigna (Express Scripts) 501 Ronda Court Pittsburgh PA 70,500 Single-Tenant 100.0% Office/Data Center 2015 2.5 0.7% 50 Office AT&T (14500 NE 87th Street) 14500 NE 87th Street Seattle/Puget Sound WA 60,000 Single-Tenant 100.0% Office/Data Center 1995 4.7 0.7% 51 Office AT&T (14520 NE 87th Street) 14520 NE 87th Street Seattle/Puget Sound WA 59,800 Single-Tenant 100.0% Office/Data Center 1995 4.7 0.6% 52 Office Parallon 6451 126th Avenue North Tampa FL 83,200 Single-Tenant 100.0% Office 2013 2.2 0.6% 53 Office Tech Data 19031 Ridgewood Parkway San Antonio TX 58,000 Single-Tenant 100.0% Office 2014 1.9 0.5% 54 Office Rapiscan Systems 23 Frontage Road Boston MA 64,200 Single-Tenant 100.0% Office/Lab 2014 4.4 0.4% 55 Office 136 & 204 Capcom 136 & 204 Capcom Avenue Raleigh/Durham NC 63,000 Multi-Tenant 100.0% Office/R&D 2010 3.2 0.4% 56 Office AT&T (14560 NE 87th Street) 14560 NE 87th Street Seattle/Puget Sound WA 36,000 Single-Tenant 100.0% Office/Data Center 1995 4.7 0.4% 57 Office 530 Great Circle Road 530 Great Circle Road Nashville TN 98,400 Single-Tenant 100.0% Office/Lab 2011 – ⁴ – Total Office Segment 38 Properties 6,182,600 99.8% 2012 8.4 $123,526 Total Industrial & Office Segment 57 Properties 15,184,400 99.9% 2011 8.0 $171,717 Notes: Data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023. Properties sorted by % of Total ABR. (1) Year shown is either the year built or year substantially renovated.
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Detailed Wholly-Owned Portfolio Summary (Cont’d) (5) Lease restricts certain disclosures. 34 Total Other Segment 21 Properties 3,787,300 76.6% 2004 3.1 $40,002 Total Wholly-Owned Portfolio ⁴ 78 Properties 18,971,700 95.3% 2010 7.1 $211,719 # Segment Property / Tenant Name Address Property Market Property State Building Square Feet Tenancy Type % Leased ² Property Sub-Type Year Built / Renovated ¹ ³ Property WALT ³ % of Total ABR 58 Other Office Wyndham Hotels & Resorts 22 Sylvan Way Northern New Jersey NJ 249,400 Single-Tenant 100.0% Office 2009 6.7 3.4% 59 Other Office Wood Group (Westgate II) 17320 Katy Freeway Houston TX 186,300 Single-Tenant 100.0% Office 2014 1.3 2.1% 60 Other Office Schlumberger 1200 Enclave Parkway Houston TX 149,700 Single-Tenant 98.3% Office 1999 – ⁵ 1.7% 61 Other Office Level 3 (ParkRidge One) 10475 Park Meadows Drive Denver CO 166,700 Single-Tenant 100.0% Office 1999 – ⁵ 1.6% 62 Other Office Raytheon Technologies 2730 West Tyvola Road Charlotte NC 198,900 Single-Tenant 100.0% Office 1999 – ⁵ 1.5% 63 Other Industrial Hitachi Energy USA 500 West Highway 94 Jefferson City MO 660,000 Single-Tenant 100.0% Manufacturing 1972 1.7 1.3% 64 Other Industrial Avnet (Chandler) 6700 West Morelos Place Phoenix AZ 231,500 Single-Tenant 100.0% Industrial/R&D 2008 – ⁵ 1.3% 65 Other Office Franklin Center 6841 Benjamin Franklin Drive Baltimore MD 202,500 Multi-Tenant 55.4% Office 2008 3.6 1.2% 66 Other Office KBR 345 Bob Heath Drive Huntsville AL 120,000 Single-Tenant 100.0% Office 2013 0.7 1.0% 67 Other Office 30 Independence 30 Independence Boulevard Northern New Jersey NJ 207,300 Multi-Tenant 52.0% Office 2020 8.4 0.8% 68 Other Office Northrop Grumman 4065 Colonel Glenn Highway Cincinnati/Dayton OH 99,200 Single-Tenant 100.0% Office 2012 1.7 0.8% 69 Other Office MGM Corporate Center (880 Grier Drive) 880 Grier Drive Las Vegas NV 81,000 Single-Tenant 100.0% Office 1988 1.7 0.6% 70 Other Industrial Hitachi Astemo 9296 Intermodal North Court Columbus OH 304,600 Single-Tenant 100.0% Warehouse 2014 2.2 0.6% 71 Other Office MGM Corporate Center (840 Grier Drive) 840 Grier Drive Las Vegas NV 60,500 Single-Tenant 100.0% Office 1997 1.7 0.4% 72 Other Office Administrative Office of Pennsylvania Courts 5035 Ritter Road Harrisburg PA 56,600 Single-Tenant 100.0% Office/Data Center 1988 1.5 0.4% 73 Other Industrial Owens Corning 4535 Enterprise Drive Northwest Charlotte NC 61,200 Single-Tenant 100.0% Manufacturing 1998 2.0 0.2% 74 Other Office MGM Corporate Center (950 Grier Drive) 950 Grier Drive Las Vegas NV 26,800 Single-Tenant 100.0% Office 1989 1.7 0.1% 75 Other Office Gold Pointe Corp Ctr Bldg C 11971 Foundation Place Sacramento CA 145,900 Vacant 3.2% Office 2002 – – 76 Other Office Quebec Court II 5800 South Quebec Street Denver CO 157,300 Vacant – Office 1980 – – 77 Other Office Crosspoint 20022 North 31st Avenue Phoenix AZ 351,600 Multi-Tenant 7.8% Office 2021 – ⁵ – 78 Other Office Park Meadows Corporate Center II 10002 Park Meadows Drive Denver CO 70,300 Vacant – Office 2000 – – Recent Dispositions (1Q23) Office Amazon (South Lake at Dulles) Herndon VA 269,900 Single-Tenant 100.0% Office 2020 – ⁵ – Industrial Fox Head Irvine CA 81,600 Single-Tenant 100.0% Industrial/R&D 2012 5.0 – Industrial Renfro Clinton SC 566,600 Single-Tenant 100.0% Warehouse 1986 0.5 – Total ABR as of December 31, 2022 19,889,800 95.5% 2010 7.1 $223,942 Notes: Data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023. Properties sorted by % of Total ABR. Year shown is either the year built or year substantially renovated. Total calculated as a weighted average based on rentable square feet. Total calculated as a weighted average based on ABR. Includes consolidated properties only and excludes the Office Joint Venture and recent dispositions.
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Reconciliation of Non-GAAP Financial Measures Wholly-Owned NOI and Cash NOI Industrial Office Industrial and Office Other Total Portfolio Revenue $15,945 $45,643 $61,588 $14,305 $75,893 Operating property expense (1,083) (5,071) (6,154) (3,203) (9,357) Property tax expense (1,235) (2,940) (4,175) (1,890) (6,065) Management fees (non-affiliate) (63) (312) (375) (214) (589) 4Q22 NOI1 $13,564 $37,320 $50,884 $8,998 $59,882 Non-cash adjustments Straight line rent (135) (4,784) (4,919) 264 (4,655) In-place lease amortization (93) (702) (795) (128) (923) Deferred termination income (36) – (36) (508) (544) Deferred ground lease – 433 433 – 433 Other intangible amortization – 377 377 – 377 Inducement amortization – 79 79 – 79 4Q22 Cash NOI1 $13,300 $32,723 $46,023 $8,626 $54,649 4Q22 Dispositions2 – (3,960) (3,960) – (3,960) 1Q23 Dispositions3 (1,147) (2,079) (3,226) – (3,226) Cash NOI1 $12,153 $26,684 $38,837 $8,626 $47,463 LQA Cash NOI (Wholly-Owned)1 $48,612 $106,736 $155,348 $34,504 $189,852 Quarter Ended December 31, 2022 Notes: $ in thousands. NOI is net of carrying costs for vacant assets. Adjustment for the sales of the State of AL office property and the 5 office properties sold to an investment group led by Workspace Property Trust in 4Q22. (3) Adjustment for the sales of Fox Head industrial property, Renfro industrial property and Amazon (South Lake at Dulles) office property in January 2023, February 2023 and March 2023, respectively. 35
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Reconciliation of Non-GAAP Financial Measures (Cont’d) (1) Adjustment for the sales of Fox Head industrial property, Renfro industrial property and Amazon (South Lake at Dulles) office property in January 2023, February 2023 and March 2023, respectively. (2) Includes $59,464 of our share of EBITDA from unconsolidated entities. 36 Net (loss) income to Normalized EBITDAre Quarter Ended 12/31/2022 Net (loss) income ($248,142) Interest expense 16,501 Depreciation and amortization 35,275 4Q22 EBITDA ($196,366) Loss on sales of real estate, net 43,767 (Gain)/loss on investment in unconsolidated entity 9,993 Impairment provision, real estate 41,323 Proportion share of adjustments for unconsolidated entities 5,121 4Q22 EBITDAre ($96,162) Adjustment for acquisitions and dispositions (2,578) Adjustment for joint venture acquisition 7,670 Impairment provision, goodwill 135,270 Transaction expenses 13,724 4Q22 Normalized EBITDAre $57,924 1Q23 Dispositions1 (3,226) Normalized EBITDAre $54,698 LQA Normalized EBITDAre2 $218,792 Notes: $ in thousands.
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Definitions 37 Term Definition ABR (“Annualized Base Rent”) “Annualized base rent” or “ABR” means the contractual base rent before abatements and deducting base year operating expenses for gross and modified gross leases as of December 31, 2022, unless otherwise specified, multiplied by 12 months. For properties in our portfolio that had rent abatements as of December 31, 2022, we used the monthly contractual base rent payable following expiration of the abatement EBITDA Earnings before interest, tax, depreciation and amortization EBITDAre The National Association of Real Estate Investment Trusts ("NAREIT") has defined EBITDAre as follows: (a) GAAP Net Income plus (b) interest expense plus (c) income tax expense plus (d) depreciation and amortization plus/minus (e) losses and gains on the disposition of depreciated property, including losses/gains on change of control plus (f) impairment write-downs of depreciated property and of investments in unconsolidated affiliates caused by a decrease in value of depreciated property in the affiliate. Adjustments to reflect the entity's share of EBITDAre of consolidated affiliates
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Definitions (Cont’d) 38 Term Definition Investment Grade Investment grade companies means companies (e.g., a tenant or a guarantor or non-guarantor parent of a tenant) that have received an investment grade credit rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a company with a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO investment grade rating; management can provide no assurance as to the comparability of these ratings methodologies or that any particular rating for a company is indicative of the rating that a single NRSRO would provide in the event that it rated all companies for which the Company provides credit ratings; to the extent such companies are rated only by non-NRSRO ratings providers, such ratings providers may use methodologies that are different and less rigorous than those applied by NRSROs; moreover, because PKST provides credit ratings for some companies that are non-guarantor parents of Company's tenants, such credit ratings may not be indicative of the creditworthiness of the relevant tenants NAV Net asset value. This represents the fair value of our assets less liabilities divided by total shares and OP units outstanding Normalized EBITDAre We use Normalized EBITDAre as a non-GAAP supplemental performance measure to evaluate the operating performance of the Company. Normalized EBITDAre, as defined by the Company, represents EBITDAre (as defined by NAREIT), modified to exclude nonroutine items such as acquisition-related expenses, employee separation expenses and other non-routine costs. Normalized EBITDAre also omits the Normalized EBITDAre impact of properties sold during the period and extrapolate the operations of acquired properties to estimate a full quarter of ownership. We may also exclude the annualizing of large transaction items such as termination income recognized during the quarter. Management believes these adjustments to reconcile to Normalized EBITDAre provides investors with supplemental performance information that is consistent with the performance models and analysis used by management, and provides investors a view of the performance of our portfolio over time. Therefore, Normalized EBITDAre should not be considered as an alternative to net income, as computed in accordance with GAAP. Normalized EBITDAre may not be comparable to similarly titled measures of other companies
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Definitions (Cont’d) 39 Term Definition Net Debt Total debt less cash and cash equivalents (excluding restricted cash) Net Debt (pro rata share) Total debt plus unconsolidated debt (pro rata share), less cash and cash equivalents (excluding restricted cash) Net Operating Income (NOI) & Cash NOI NOI is a non-GAAP measure which includes the revenue and expense directly attributable to our real estate properties. NOI is calculated as total revenue from real estate operations less property expenses, which includes operating property expenses, property tax expenses and management fees. Net operating income on a cash basis (“Cash NOI”) is net operating income adjusted to exclude the effect of straight-line rent and amortization of acquired above- and below-market lease intangibles adjustments required by GAAP. We believe that NOI and Cash NOI are helpful to investors as additional measures of operating performance because we believe they help both investors and management to understand the core operations of our properties excluding corporate and financing-related costs and non-cash depreciation and amortization. NOI and Cash NOI are unlevered operating performance metrics of our properties and allow for a useful comparison of the operating performance of individual assets or groups of assets. These measures thereby provide an operating perspective not immediately apparent from GAAP income from operations or net income. In addition, NOI and Cash NOI are considered by many in the real estate industry to be useful starting points for determining the value of a real estate asset or group of assets WALT Weighted average lease term (in years). This is the average remaining lease term for all leases combined, weighted based on Annualized Base Rent
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DETAILED PORTFOLIO SUMMARIES
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Disclaimer The information contained herein with respect to our properties is, to our knowledge, true and correct in all material respects, but in some cases such information has not been independently verified.
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Industrial Segment Property Summaries
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RH 825 Rogers Road Patterson, CA 95363 Portfolio Segment Industrial Region West Market Stockton/Modesto Submarket Modesto Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. As the largest facility in RH's distribution network, the property distributes furniture and other home goods throughout the western United States. RH receives imported products primarily through the nearby Port of Oakland, and the property's location along Interstate 5 provides convenient access with minimal congestion. MARKET INFORMATION PROPERTY OVERVIEW SEGMENT DESIGNATION TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant RH Ba3 % Leased by Major Lessee 100% Major Lessee SQFT 1,501,400 Industry (Major Tenant) Retailing Lease Type Net % of Total ABR (Property) 3.5% Property WALT 7.7 years BUILDING INFORMATION Detailed Property Type Warehouse Square Feet 1,501,400 Total Property % Leased 100% FAR 0.37 Year Built 2015 Year Renovated N/A Stories 1 Parking Ratio (per 1,000 SF) 0.2 Industrial Property Stats: Trailer Parking Spaces 475 Loading Docks 244 Type of Docks (cross, rear, etc.) Cross Clear Height 39' 1 Property of Peakstone Realty Trust
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Amazon (Etna) 11999 National Road Pataskala, OH 43062 Portfolio Segment Industrial Region Midwest Market Columbus Submarket Licking Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. (2) Lease restricts certain disclosures. MARKET INFORMATION PROPERTY OVERVIEW Sortable products fulfillment center for Amazon located along Interstate 70. The property was built to Amazon’s state-of-the-art fulfillment center standards and consistently ranks as one of the top three rated Amazon distribution centers by package volume in the U.S. SEGMENT DESIGNATION TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Amazon AA % Leased by Major Lessee 100% Major Lessee SQFT 856,300 Industry (Major Tenant) E-Commerce Lease Type Net % of Total ABR (Property) 2.9% Property WALT(2) - BUILDING INFORMATION Detailed Property Type Warehouse Square Feet 856,300 Total Property % Leased 100% FAR 0.20 Year Built 2016 Year Renovated N/A Stories 1 Parking Ratio (per 1,000 SF) 3.0 Industrial Property Stats: Trailer Parking Spaces 163 Loading Docks 58 Type of Docks (cross, rear, etc.) Rear Clear Height 40' 6" 2 Property of Peakstone Realty Trust
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3M 1650 Macom Drive Dekalb, IL 60115 Portfolio Segment Industrial Region Midwest Market Chicago Submarket Kane/Dupage Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. MARKET INFORMATION PROPERTY OVERVIEW National distribution center for 3M located along Interstate 88 in DeKalb, IL. 3M has maintained distribution operations in the area since 1985, and the property is 3M's newest and largest facility. The property includes specialized areas which contain additional fire protection, special containment floors, and/or explosion-resistant walls. SEGMENT DESIGNATION TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant 3M A+ % Leased by Major Lessee 100% Major Lessee SQFT 978,100 Industry (Major Tenant) Capital Goods Lease Type Net % of Total ABR (Property) 2.3% Property WALT 3.8 years BUILDING INFORMATION Detailed Property Type Warehouse Square Feet 978,100 Total Property % Leased 100% FAR 0.45 Year Built 2016 Year Renovated N/A Stories 1 Parking Ratio (per 1,000 SF) 0.8 Industrial Property Stats: Trailer Parking Spaces 348 Loading Docks 137 Type of Docks (cross, rear, etc.) Cross Clear Height 36' 3 Property of Peakstone Realty Trust
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Samsonite 10480 Yeager Road Jacksonville, FL 32218 Portfolio Segment Industrial MARKET INFORMATION Region Southeast Market Jacksonville Submarket Ocean Way Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION National distribution center for Samsonite located 8 miles from the Port of Jacksonville. The Port of Jacksonville is Samsonite's primary East Coast point of entry for its luggage products which are stored at the property for distribution throughout the U.S. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Samsonite Ba2 % Leased by Major Lessee 100% Major Lessee SQFT 817,700 Industry (Major Tenant) Consumer Durables & Apparel Lease Type Net % of Total ABR (Property) 1.9% Property WALT 1.9 years BUILDING INFORMATION Detailed Property Type Warehouse Square Feet 817,700 Total Property % Leased 100% FAR 0.35 Year Built 2008 Year Renovated N/A Stories 1 Parking Ratio (per 1,000 SF) 0.3 Industrial Property Stats: Trailer Parking Spaces 131 Loading Docks 183 Type of Docks (cross, rear, etc.) Cross Clear Height 40' 4 Property of Peakstone Realty Trust
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Shaw Industries 445 Northport Parkway Port Wentworth, GA 31407 Portfolio Segment Industrial MARKET INFORMATION Region Southeast Market Savannah Submarket Port Wentworth Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION Distribution facility for Shaw Industries to distribute its resilient, wood, and vinyl flooring products throughout the United States. The building is located approximately 11 miles from the Port of Savannah which Shaw utilizes as the primary East Coast point of entry for its products. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Shaw Industries AA % Leased by Major Lessee 100% Major Lessee SQFT 1,001,500 Industry (Major Tenant) Consumer Durables & Apparel Lease Type Net % of Total ABR (Property) 1.6% Property WALT 10.3 years BUILDING INFORMATION Detailed Property Type Warehouse Square Feet 1,001,500 Total Property % Leased 100% FAR 0.33 Year Built 2018 Year Renovated N/A Stories 1 Parking Ratio (per 1,000 SF) 0.1 Industrial Property Stats: Trailer Parking Spaces 160 Loading Docks 145 Type of Docks (cross, rear, etc.) Cross Clear Height 32' 5 Property of Peakstone Realty Trust
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PepsiCo 8060 State Road 33 North Lakeland, FL 33809 Portfolio Segment Industrial Region Southeast Market Tampa Submarket Polk County Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. MARKET INFORMATION PROPERTY OVERVIEW Distribution facility used by PepsiCo to distribute Gatorade and other beverage products throughout Florida. Strategically located along the high-growth Interstate 4 corridor between Tampa and Orlando. The property provides a central location for the tenant to receive pallets of Gatorade products from its nearby Gatorade production facility in Kissimmee for distribution to retailers and wholesalers statewide. SEGMENT DESIGNATION TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant PepsiCo A+ % Leased by Major Lessee 100% Major Lessee SQFT 605,400 Industry (Major Tenant) Food, Beverage & Tobacco Lease Type Net % of Total ABR (Property) 1.5% Property WALT 5.6 years BUILDING INFORMATION Detailed Property Type Warehouse Square Feet 605,400 Total Property % Leased 100% FAR 0.23 Year Built 2018 Year Renovated N/A Stories 1 Parking Ratio (per 1,000 SF) 0.2 Industrial Property Stats: Trailer Parking Spaces 154 Loading Docks 120 Type of Docks (cross, rear, etc.) Cross Clear Height 36' 6 Property of Peakstone Realty Trust
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Amcor 975 West Main Street Bellevue, OH 44811 Portfolio Segment Industrial Region Midwest Market Cleveland Submarket Sandusky County Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. MARKET INFORMATION PROPERTY OVERVIEW Amcor's flagship injection molding facility in the state of Ohio. Amcor expanded and nearly doubled its manufacturing and warehouse footprint in 2017 by adding an additional 118,000 SF of manufacturing space and 84,000 SF of warehouse space in order to meet the increased demand for its products. SEGMENT DESIGNATION TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Amcor BBB % Leased by Major Lessee 100% Major Lessee SQFT 586,700 Industry (Major Tenant) Materials Lease Type Net % of Total ABR (Property) 1.3% Property WALT 9.8 years BUILDING INFORMATION Detailed Property Type Manufacturing Square Feet 586,700 Total Property % Leased 100% FAR 0.33 Year Built 1986 Year Renovated 1997 Stories 1 Parking Ratio (per 1,000 SF) 0.2 Industrial Property Stats: Trailer Parking Spaces 30 Loading Docks 24 Type of Docks (cross, rear, etc.) Rear Clear Height 25' 7 Property of Peakstone Realty Trust
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Amazon (Arlington Heights) 1455 West Cellular Drive Arlington Heights, IL 60004 Portfolio Segment Industrial MARKET INFORMATION Region Midwest Market Chicago Submarket Schaumburg Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. (2) Lease restricts certain disclosures. PROPERTY OVERVIEW SEGMENT DESIGNATION Last-mile delivery station for Amazon serving the Northern Chicago suburbs. The building has above-standard power, full A/C, and is located on a 24-acre site which provides over 800 parking spaces for Amazon's employees and its delivery fleet. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Amazon AA % Leased by Major Lessee 100% Major Lessee SQFT 182,900 Industry (Major Tenant) E-Commerce Lease Type Net % of Total ABR (Property) 1.1% Property WALT(2) - BUILDING INFORMATION Detailed Property Type Warehouse Square Feet 182,900 Total Property % Leased 100% FAR 0.17 Year Built 1989 Year Renovated 2020 Stories 1 Parking Ratio (per 1,000 SF) 4.4 Industrial Property Stats: Trailer Parking Spaces 0 Loading Docks 12 Type of Docks (cross, rear, etc.) Rear Clear Height 17' 8 Property of Peakstone Realty Trust
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Pepsi Bottling Ventures 390 Business Park Drive Winston-Salem, NC 27107 Portfolio Segment Industrial Region Southeast Market Winston-Salem Submarket South Forsyth Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. MARKET INFORMATION PROPERTY OVERVIEW Pepsi Bottling Ventures ("PBV"), the largest privately held bottler for PepsiCo products in North America, is a joint venture between Suntory Beverage & Food, Ltd. and PepsiCo, Inc. The property is PBV's largest warehouse and distributes PepsiCo beverage products throughout the Carolinas. The building includes a purification system to produce Aquafina and a blow molding line for Aquafina and other PepsiCo beverage products. SEGMENT DESIGNATION TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Pepsi Bottling Ventures A3 % Leased by Major Lessee 100% Major Lessee SQFT 526,300 Industry (Major Tenant) Food, Beverage & Tobacco Lease Type Net % of Total ABR (Property) 0.9% Property WALT 9.6 years BUILDING INFORMATION Detailed Property Type Warehouse Square Feet 526,300 Total Property % Leased 100% FAR 0.24 Year Built 2008 Year Renovated N/A Stories 1 Parking Ratio (per 1,000 SF) 0.5 Industrial Property Stats: Trailer Parking Spaces 63 Loading Docks 44 Type of Docks (cross, rear, etc.) Cross Clear Height 32' 6" 9 Property of Peakstone Realty Trust
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Roush Industries 333/777 Republic Drive Allen Park, MI 48101 Portfolio Segment Industrial MARKET INFORMATION Region Midwest Market Detroit Submarket Dearborn Area Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION R&D facility for Roush Industries directly supporting automotive clients including the nearby Ford Dearborn Development Center and Ford Rolling Road Wind Tunnel in Allen Park. As an original equipment manufacturer and design partner to various automakers, the location is paramount for direct access to Roush Industries’ top clients, and the single- story building provides an efficient layout for engineering and testing functions. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Roush Industries N/A % Leased by Major Lessee 100% Major Lessee SQFT 169,200 Industry (Major Tenant) Automobiles & Components Lease Type Net % of Total ABR (Property) 0.8% Property WALT 5.9 years BUILDING INFORMATION Detailed Property Type Industrial/R&D Square Feet 169,200 Total Property % Leased 100% FAR 0.19 Year Built 2000 Year Renovated N/A Stories 1 Parking Ratio (per 1,000 SF) 7.2 Industrial Property Stats: Trailer Parking Spaces 0 Loading Docks 0 Type of Docks (cross, rear, etc.) N/A Clear Height 26' 10 Property of Peakstone Realty Trust
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Berry Global 1515 Franklin Boulevard Libertyville, IL 60048 Portfolio Segment Industrial MARKET INFORMATION Region Midwest Market Chicago Submarket South Lake County Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION Manufacturing facility for Berry Global for the production of plastic closure products for various applications and end markets. The building contains nearly 10,000 amps of power, several production lines, dozens of presses, and other critical infrastructure to support the tenant's manufacturing processes. The tenant recently extended its lease for 10 years. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Berry Global BB+ % Leased by Major Lessee 100% Major Lessee SQFT 193,700 Industry (Major Tenant) Materials Lease Type Net % of Total ABR (Property) 0.7% Property WALT 10.0 years BUILDING INFORMATION Detailed Property Type Manufacturing Total Square Feet 193,700 Total Property % Leased 100% FAR 0.43 Year Built 1992 Year Renovated 2003 Stories 1 Parking Ratio (per 1,000 SF) 1.3 Industrial Property Stats: Trailer Parking Spaces 0 Loading Docks 5 Type of Docks (cross, rear, etc.) Rear Clear Height 24' 11 Property of Peakstone Realty Trust
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OceanX 6390 Commerce Court Groveport, OH 43125 Portfolio Segment Industrial MARKET INFORMATION Region Midwest Market Columbus Submarket Southeast Columbus Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION Distribution center for OceanX, a modern 3PL that provides Fulfillment-as-a-Service (FaaS). The property's central location in the United States and proximity to major transportation routes allows the tenant to meet the growing demands of its customers. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant OceanX N/A % Leased by Major Lessee 100% Major Lessee SQFT 312,000 Industry (Major Tenant) Commercial & Professional Services Lease Type Net % of Total ABR (Property) 0.7% Property WALT 6.6 years BUILDING INFORMATION Detailed Property Type Warehouse Square Feet 312,000 Total Property % Leased 100% FAR 0.30 Year Built 2015 Year Renovated N/A Stories 1 Parking Ratio (per 1,000 SF) 0.6 Industrial Property Stats: Trailer Parking Spaces 15 Loading Docks 26 Type of Docks (cross, rear, etc.) Rear Clear Height 32' 12 Property of Peakstone Realty Trust
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Atlas Copco 3301 Cross Creek Parkway Auburn Hills, MI 48326 Portfolio Segment Industrial Region Midwest Market Detroit Submarket Oakland County Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. Headquarters and R&D/warehouse building for Atlas Copco Tools & Assembly Systems, a division of Atlas Copco AB. The property is conveniently located in close proximity to the company's automotive clients throughout the Detroit area. The tenant uses the building for assembly, testing, and research and development of prototypes of industrial tooling, fastening, and compressor devices and related products. SEGMENT DESIGNATION MARKET INFORMATION PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Atlas Copco A+ % Leased by Major Lessee 100% Major Lessee SQFT 120,000 Industry (Major Tenant) Capital Goods Lease Type Net % of Total ABR (Property) 0.6% Property WALT 2.8 years BUILDING INFORMATION Detailed Property Type Industrial/R&D Square Feet 120,000 Total Property % Leased 100% FAR 0.19 Year Built 2014 Year Renovated N/A Stories 2 Parking Ratio (per 1,000 SF) 2.4 Industrial Property Stats: Trailer Parking Spaces 0 Loading Docks 2 Type of Docks (cross, rear, etc.) Rear Clear Height 28' 13 Property of Peakstone Realty Trust
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Huntington Ingalls (500 W. Park Lane) 500 West Park Lane Hampton, VA 23666 Portfolio Segment Industrial MARKET INFORMATION Region Southeast Market Hampton Roads Submarket Peninsula Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION Highly-secure warehouse facility for Huntington Ingalls and its Newport News Shipbuilding segment. Strategically located near the Port of Virginia and Newport News Shipbuilding. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Huntington Ingalls BBB- % Leased by Major Lessee 100% Major Lessee SQFT 258,300 Industry (Major Tenant) Capital Goods Lease Type Net % of Total ABR (Property) 0.6% Property WALT 5.0 years BUILDING INFORMATION Detailed Property Type Warehouse Square Feet 258,300 Total Property % Leased 100% FAR 0.30 Year Built 1999 Year Renovated N/A Stories 1 Parking Ratio (per 1,000 SF) 0.9 Industrial Property Stats: Trailer Parking Spaces 151 Loading Docks 58 Type of Docks (cross, rear, etc.) Rear Clear Height 25' 14 Property of Peakstone Realty Trust
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Huntington Ingalls (300 W. Park Lane) 300 West Park Lane Hampton, VA 23666 Portfolio Segment Industrial MARKET INFORMATION Region Southeast Market Hampton Roads Submarket Peninsula Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION Highly-secure warehouse facility for Huntington Ingalls and its Newport News Shipbuilding segment. Strategically located near the Port of Virginia and Newport News Shipbuilding. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Huntington Ingalls BBB- % Leased by Major Lessee 100% Major Lessee SQFT 257,200 Industry (Major Tenant) Capital Goods Lease Type Net % of Total ABR (Property) 0.6% Property WALT 5.0 years BUILDING INFORMATION Detailed Property Type Warehouse Square Feet 257,200 Total Property % Leased 100% FAR 0.33 Year Built 2000 Year Renovated N/A Stories 1 Parking Ratio (per 1,000 SF) 1.1 Industrial Property Stats: Trailer Parking Spaces 107 Loading Docks 42 Type of Docks (cross, rear, etc.) Rear Clear Height 25' 15 Property of Peakstone Realty Trust
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ZF WABCO 8225 Patriot Boulevard North Charleston, SC 29418 Portfolio Segment Industrial Region Southeast Market Charleston Submarket North Charleston Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. MARKET INFORMATION PROPERTY OVERVIEW Light manufacturing and assembly facility for ZF Commercial Vehicle Solutions, a business unit of ZF. The property is conveniently located near the Port of Charleston - the main point of entry for the tenant to import various parts for final assembly. ZF utilizes the property to design and assemble air compressors, disc brakes, and related components for use in commercial trucking applications. SEGMENT DESIGNATION TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant ZF WABCO HY3 % Leased by Major Lessee 100% Major Lessee SQFT 145,200 Industry (Major Tenant) Capital Goods Lease Type Net % of Total ABR (Property) 0.5% Property WALT 10.7 years BUILDING INFORMATION Detailed Property Type Warehouse Square Feet 145,200 Total Property % Leased 100% FAR 0.35 Year Built 2016 Year Renovated N/A Stories 1 Parking Ratio (per 1,000 SF) 1.4 Industrial Property Stats: Trailer Parking Spaces 0 Loading Docks 6 Type of Docks (cross, rear, etc.) Rear Clear Height 30' 16 Property of Peakstone Realty Trust
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TransDigm 110 Algonquin Parkway Whippany, NJ 07981 Portfolio Segment Industrial MARKET INFORMATION Region Northeast Market Northern New Jersey Submarket Eastern Morris Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION Headquarters and light manufacturing facility for Whippany Actuation Systems, a business group of TransDigm. Whippany Actuation Systems utilizes the property to design and manufacture specialized electromechanical actuation solutions for commercial and military applications. Located in proximity to Port Newark, a major component of the Port of NY/NJ which is the 2nd largest port in the U.S. by TEU volume. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant TransDigm B+ % Leased by Major Lessee 100% Major Lessee SQFT 114,300 Industry (Major Tenant) Capital Goods Lease Type Net % of Total ABR (Property) 0.5% Property WALT 5.3 years BUILDING INFORMATION Detailed Property Type Manufacturing Square Feet 114,300 Total Property % Leased 100% FAR 0.24 Year Built 1986 Year Renovated N/A Stories 2 Parking Ratio (per 1,000 SF) 3.9 Industrial Property Stats: Trailer Parking Spaces 0 Loading Docks 3 Type of Docks (cross, rear, etc.) Rear Clear Height 22' 17 Property of Peakstone Realty Trust
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Hopkins 428 Peyton Street Emporia, KS 66801 Portfolio Segment Industrial Region Midwest Market Emporia Submarket Lyon County Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. MARKET INFORMATION PROPERTY OVERVIEW SEGMENT DESIGNATION Hopkins' national production and distribution facility for after-market automotive products and accessories. Hopkins is a leading provider of automotive winter tools including ice scrapers, snow brooms, and snow brushes. The facility has been expanded multiple times over the years to accommodate growing business and product lines, and the tenant recently signed a 16-year lease extension. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Hopkins N/A % Leased by Major Lessee 100% Major Lessee SQFT 320,800 Industry (Major Tenant) Automobiles & Components Lease Type Net % of Total ABR (Property) 0.5% Property WALT 14.0 years BUILDING INFORMATION Detailed Property Type Manufacturing Square Feet 320,800 Total Property % Leased 100% FAR 0.44 Year Built 1954 Year Renovated 2000 Stories 1 Parking Ratio (per 1,000 SF) 0.8 Industrial Property Stats: Trailer Parking Spaces 0 Loading Docks 15 Type of Docks (cross, rear, etc.) Rear Clear Height 21' 18 Property of Peakstone Realty Trust
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Fidelity Building Services 25 Loveton Circle Sparks Glencoe, MD 21152 Portfolio Segment Industrial Region Northeast Market Baltimore Submarket Route 83 Corridor Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. Corporate headquarters and warehouse for Fidelity Building Services Group, an integrated building services engineering firm. Fidelity provides best in class integrated building services throughout the Mid-Atlantic and Southeast, including: HVAC/Mechanical Services, Engineering Retrofits & Targeted Design-Build, IOT, Building Automation & Controls, Emergency Power Generator & Electrification. SEGMENT DESIGNATION MARKET INFORMATION PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Fidelity Building Services N/A % Leased by Major Lessee 100% Major Lessee SQFT 54,800 Industry (Major Tenant) Commercial & Professional Services Lease Type Net % of Total ABR (Property) 0.3% Property WALT 12.0 years BUILDING INFORMATION Detailed Property Type Industrial/R&D Square Feet 54,800 Total Property % Leased 100% FAR 0.23 Year Built 1981 Year Renovated N/A Stories 1 Parking Ratio (per 1,000 SF) 2.7 Industrial Property Stats: Trailer Parking Spaces 0 Loading Docks 2 Type of Docks (cross, rear, etc.) Rear Clear Height 14' 19 Property of Peakstone Realty Trust
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Office Segment Property Summaries
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Southern Company 3525 & 3535 Colonnade Parkway Birmingham, AL 35243 Portfolio Segment Office Region Southeast Market Birmingham Submarket South Jefferson Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. MARKET INFORMATION PROPERTY OVERVIEW Division headquarters for Southern Company Services and Southern Nuclear. As part of the 2018 renovation the tenant invested significant amounts of its own capital. The funds were used for an extensive reconstruction of the base building which replaced or upgraded most the building's mechanical systems as well as an expansion of the adjacent parking deck. SEGMENT DESIGNATION TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Southern Company BBB+ % Leased by Major Lessee 100% Major Lessee SQFT 669,400 Industry (Major Tenant) Utilities Lease Type Net % of Total ABR (Property) 4.3% Property WALT 21.2 years BUILDING INFORMATION Detailed Property Type Office Square Feet 669,400 Total Property % Leased 100% FAR 0.80 Year Built 1988 Year Renovated 2018 Stories 9 Parking Ratio (per 1,000 SF) 2.8 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 20 Property of Peakstone Realty Trust
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Portfolio Segment Office Co-corporate headquarters for Keurig Dr. Pepper. Located along the coveted Route 128/Interstate 95 corridor at its junction with Route 3 in Burlington, which is one of the region’s most desirable mixed-use destinations. Trophy office tower constructed to a first-class headquarters quality standard which is important for Fortune 500 tenants like Keurig Dr. Pepper. SEGMENT DESIGNATION MARKET INFORMATION Region Northeast Market Boston Submarket Route 128 North Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. Keurig Dr. Pepper (53 South Avenue) 53 South Avenue Burlington, MA 01803 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Keurig Dr. Pepper BBB % Leased by Major Lessee 100% Major Lessee SQFT 280,600 Industry (Major Tenant) Food, Beverage & Tobacco Lease Type Net % of Total ABR (Property) 4.1% Property WALT 6.9 years BUILDING INFORMATION Detailed Property Type Office Square Feet 280,600 Total Property % Leased 100% FAR 1.69 Year Built 2014 Year Renovated N/A Stories 6 Parking Ratio (per 1,000 SF) 3.1 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 21 Property of Peakstone Realty Trust
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Portfolio Segment Office Corporate headquarters for Freeport McMoRan, a leading international mining company. The ownership interest is a condominium comprised of floors 19-26 and half of the ground floor. The ownership interest makes up 48% of the building, the remaining 52% (floors 11-18) is occupied by the Westin Phoenix Downtown, a 242-room, four-diamond hotel. Floors 2- 10 include parking and are shared by the building occupants. SEGMENT DESIGNATION MARKET INFORMATION Region Southwest Market Phoenix Submarket Phoenix Central Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. Freeport McMoRan 333 N. Central Ave Phoenix, AZ 85004 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Freeport McMoRan Baa2 % Leased by Major Lessee 99% Major Lessee SQFT 246,500 Industry (Major Tenant) Materials Lease Type Base Year % of Total ABR (Property) 3.7% Property WALT 4.4 years BUILDING INFORMATION Detailed Property Type Office Square Feet 249,000 Total Property % Leased 99% FAR N/A Year Built 2010 Year Renovated N/A Stories N/A Parking Ratio (per 1,000 SF) 2.1 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 22 Property of Peakstone Realty Trust
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Maxar Technologies 1300 West 120th Avenue Westminster, CO 80234 Portfolio Segment Office MARKET INFORMATION Region West Market Denver Submarket North Denver Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION Global headquarters for Maxar Technologies, a space technology company focused on providing geospatial intelligence solutions through its two operating segments, Earth Intelligence and Space Infrastructure. Includes SCIF and data center space. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Maxar Technologies B+ % Leased by Major Lessee 100% Major Lessee SQFT 430,000 Industry (Major Tenant) Capital Goods Lease Type Net % of Total ABR (Property) 3.6% Property WALT 7.5 years BUILDING INFORMATION Detailed Property Type Office Square Feet 430,000 Total Property % Leased 100% FAR 0.31 Year Built 2002 Year Renovated N/A Stories 4 Parking Ratio (per 1,000 SF) 4.1 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 23 Property of Peakstone Realty Trust
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Portfolio Segment Office The property is 70% leased to Guild Mortgage with the remaining 30% leased to Cox Communications. Highly visible from its elevated position on a bluff at the southeast corner of the Interstate 805 and Highway 52 interchange, offering excellent visibility and accessibility. SEGMENT DESIGNATION MARKET INFORMATION Region West Market San Diego Submarket Kearny Mesa Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. Terraces at Copley Point 5887 Copley Drive San Diego, CA 92111 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Multi-Tenant Credit(1) Tenant Guild Mortgage IG10 % Leased by Major Lessee 70% Major Lessee SQFT 141,700 Industry (Major Tenant) Commercial & Professional Services Lease Type Base Year + E % of Total ABR (Property) 3.3% Property WALT 5.4 years BUILDING INFORMATION Detailed Property Type Office Square Feet 201,700 Total Property % Leased 100% FAR 0.41 Year Built 2009 Year Renovated N/A Stories 6 Parking Ratio (per 1,000 SF) 3.8 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 24 Property of Peakstone Realty Trust
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LPL (1055 & 1060 LPL Way) 1055 & 1060 LPL Way Fort Mill, SC 29175 Portfolio Segment Office Region Southeast Market Charlotte Submarket York County Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. MARKET INFORMATION PROPERTY OVERVIEW SEGMENT DESIGNATION The property is one of two adjacent buildings developed as a build-to-suit for LPL and serves as the largest of its four primary U.S. office locations. Asset is located in a thriving mixed-use development with walkable retail, lodging, and excellent accessibility to Interstate 77. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant LPL Baa3 % Leased by Major Lessee 100% Major Lessee SQFT 307,200 Industry (Major Tenant) Diversified Financials Lease Type Net % of Total ABR (Property) 2.7% Property WALT 13.8 years BUILDING INFORMATION Detailed Property Type Office Square Feet 307,200 Total Property % Leased 100% FAR 0.54 Year Built 2016 Year Renovated N/A Stories 6 Parking Ratio (per 1,000 SF) 4.2 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 25 Property of Peakstone Realty Trust
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Portfolio Segment Office SEGMENT DESIGNATION MARKET INFORMATION Property is 100% leased to Travel & Leisure. Asset is located in the desirable Parsippany, NJ office market with excellent accessibility to Interstate 287. The Class "A" property was built in 2013 and contains high-end finishes, amenities, and achieved LEED Gold certification. Region Northeast Market Northern New Jersey Submarket Parsippany Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. Travel & Leisure, Co. 14 Sylvan Way Parsippany, NJ 07045 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Travel & Leisure BB- % Leased by Major Lessee 100% Major Lessee SQFT 203,500 Industry (Major Tenant) Consumer Services Lease Type Net % of Total ABR (Property) 2.7% Property WALT 6.7 years BUILDING INFORMATION Detailed Property Type Office Square Feet 203,500 Total Property % Leased 100% FAR 0.20 Year Built 2013 Year Renovated N/A Stories 3 Parking Ratio (per 1,000 SF) 3.9 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 26 Property of Peakstone Realty Trust
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Wood Group (Westgate III) 17325 Park Row Houston, TX 77084 Portfolio Segment Office MARKET INFORMATION Region Southwest Market Houston Submarket Katy Freeway West Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION Corporate headquarters for Wood Group USA, a business unit of John Wood Group PLC. Located in the Energy Corridor submarket of Houston along Interstate 10, midway between Beltway 8 and the Grand Parkway. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Wood Group HY6 % Leased by Major Lessee 100% Major Lessee SQFT 226,300 Industry (Major Tenant) Energy Lease Type Net % of Total ABR (Property) 2.6% Property WALT 11.0 years BUILDING INFORMATION Detailed Property Type Office Square Feet 226,300 Total Property % Leased 100% FAR 0.88 Year Built 2014 Year Renovated N/A Stories 5 Parking Ratio (per 1,000 SF) 4.0 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 27 Property of Peakstone Realty Trust
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IGT 6355 South Buffalo Drive Las Vegas, NV 89113 Portfolio Segment Office Region Southwest Market Las Vegas Submarket South Las Vegas Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. MARKET INFORMATION PROPERTY OVERVIEW North American headquarters for IGT Gaming. IGT is the global leader in gaming across four channels including lotteries, gaming machines, sports betting, and digital. The property provides locational benefits for IGT, including close proximity to the Las Vegas Strip and access to labor pools across the metropolitan area. SEGMENT DESIGNATION TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant IGT BB+ % Leased by Major Lessee 100% Major Lessee SQFT 222,300 Industry (Major Tenant) Consumer Services Lease Type Net % of Total ABR (Property) 2.4% Property WALT 8.0 years BUILDING INFORMATION Detailed Property Type Office Square Feet 222,300 Total Property % Leased 100% FAR 0.38 Year Built 2008 Year Renovated N/A Stories 3 Parking Ratio (per 1,000 SF) 4.0 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 28 Property of Peakstone Realty Trust
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Portfolio Segment Office Located in one of the top submarkets of Memphis, the property was developed as a build-to-suit for International Paper. One of three buildings comprising International Paper’s global headquarters campus. SEGMENT DESIGNATION MARKET INFORMATION Region Southeast Market Memphis Submarket East Memphis Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. (2) Lease restricts certain disclosures. International Paper 1740 International Drive Memphis, TN 38120 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant International Paper BBB % Leased by Major Lessee 100% Major Lessee SQFT 238,600 Industry (Major Tenant) Materials Lease Type Net % of Total ABR (Property) 2.3% Property WALT(2) 7.0+ years BUILDING INFORMATION Detailed Property Type Office Square Feet 238,600 Total Property % Leased 100% FAR 1.07 Year Built 2015 Year Renovated N/A Stories 9 Parking Ratio (per 1,000 SF) 4.1 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 29 Property of Peakstone Realty Trust
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Portfolio Segment Office SEGMENT DESIGNATION MARKET INFORMATION Corporate headquarters for onsemi. The tenant recently executed a new lease which represents one of the largest office leases executed in the Phoenix MSA over the past three years. Offers highly visible building top signage in addition to 450+ feet of building frontage along the 101 Freeway. Region Southwest Market Phoenix Submarket Scottsdale South Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. (2) Lease restricts certain disclosures. onsemi (5701 N. Pima Road) 5701 N. Pima Road Scottsdale, AZ 85250 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant onsemi BB+ % Leased by Major Lessee 100% Major Lessee SQFT 133,400 Industry (Major Tenant) Semiconductors & Semiconductor Equipment Lease Type Net % of Total ABR (Property) 1.6% Property WALT(2) - BUILDING INFORMATION Detailed Property Type Office Square Feet 133,400 Total Property % Leased 100% FAR 0.20 Year Built 2017 Year Renovated N/A Stories 2 Parking Ratio (per 1,000 SF) 7.7 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 30 Property of Peakstone Realty Trust
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Portfolio Segment Office MARKET INFORMATION Corporate headquarters for Zoetis, a global leader in the discovery, development, manufacture and commercialization of animal health medicines and vaccines. The property was a renovation-to-suit for Zoetis. As part of the renovation the building was stripped down to the frame and transformed to a state-of-the-art headquarters including the addition of a parking deck to expand the parking count. SEGMENT DESIGNATION Region Northeast Market Northern New Jersey Submarket Parsippany Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. (2) Lease restricts certain disclosures. Zoetis 10 Sylvan Way Parsippany, NJ 07054 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Zoetis Baa1 % Leased by Major Lessee 100% Major Lessee SQFT 125,700 Industry (Major Tenant) Pharmaceuticals, Biotechnology & Life Sciences Lease Type Net % of Total ABR (Property) 1.5% Property WALT(2) - BUILDING INFORMATION Detailed Property Type Office Square Feet 125,700 Total Property % Leased 100% FAR 0.31 Year Built 1984 Year Renovated 2016 Stories 3 Parking Ratio (per 1,000 SF) 4.2 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 31 Property of Peakstone Realty Trust
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Portfolio Segment Office Property is leased to McKesson. The building is LEED certified and offers highly visible building top signage in addition to 450+ feet of building frontage along the 101 Freeway. SEGMENT DESIGNATION MARKET INFORMATION Region Southwest Market Phoenix Submarket Scottsdale South Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. (2) Lease restricts certain disclosures. McKesson (5801 N. Pima Road) 5801 N. Pima Road Scottsdale, AZ 85250 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant McKesson BBB+ % Leased by Major Lessee 100% Major Lessee SQFT 124,900 Industry (Major Tenant) Health Care Equipment & Services Lease Type Net % of Total ABR (Property) 1.4% Property WALT(2) - BUILDING INFORMATION Detailed Property Type Office Square Feet 124,900 Total Property % Leased 100% FAR 0.26 Year Built 2019 Year Renovated N/A Stories 2 Parking Ratio (per 1,000 SF) 5.9 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 32 Property of Peakstone Realty Trust
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McKesson (5601 N. Pima Road) 5601 N. Pima Road Scottsdale, AZ 85250 Portfolio Segment Office MARKET INFORMATION Region Southwest Market Phoenix Submarket Scottsdale South Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. (2) Lease restricts certain disclosures. PROPERTY OVERVIEW SEGMENT DESIGNATION Property is leased to McKesson. The building is LEED certified and offers highly visible building top signage in addition to 450+ feet of building frontage along the 101 Freeway. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant McKesson BBB+ % Leased by Major Lessee 100% Major Lessee SQFT 138,200 Industry (Major Tenant) Health Care Equipment & Services Lease Type Net % of Total ABR (Property) 1.4% Property WALT(2) - BUILDING INFORMATION Detailed Property Type Office Square Feet 138,200 Total Property % Leased 100% FAR 0.20 Year Built 2017 Year Renovated N/A Stories 2 Parking Ratio (per 1,000 SF) 6.7 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 33 Property of Peakstone Realty Trust
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Portfolio Segment Office Property is 93% leased to two tenants and serves as the corporate headquarters for Johnson, Mirmiran & Thompson ("JMT") which occupies 89% of the building. The building is LEED certified and was developed in 2017 as a build-to-suit for JMT, a regional engineering and design firm. SEGMENT DESIGNATION MARKET INFORMATION Region Northeast Market Baltimore Submarket Route 83 North Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. 40 Wight 40 Wight Avenue Hunt Valley, MD 21030 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Multi-Tenant Credit(1) Tenant Johnson, Mirmiran & Thompson N/A % Leased by Major Lessee 89% Major Lessee SQFT 117,800 Industry (Major Tenant) Commercial & Professional Services Lease Type Net % of Total ABR (Property) 1.4% Property WALT 9.8 years BUILDING INFORMATION Detailed Property Type Office Square Feet 132,200 Total Property % Leased 93% FAR 0.33 Year Built 2017 Year Renovated N/A Stories 5 Parking Ratio (per 1,000 SF) 4.3 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 34 Property of Peakstone Realty Trust
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York Space Systems (East Village) 6060 South Willow Drive Greenwood Village, CO 80111 Portfolio Segment Office MARKET INFORMATION Region West Market Denver Submarket Southeast Denver Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION Satellite assembly and operations facility for York Space Systems. York Space Systems is a company focusing on designing and manufacturing spacecraft platforms. Property underwent a full building renovation in 2020 at a cost of approximately $9m ($65/sf). Asset has excellent access to Interstate 25 and is located less than one half mile north of the Arapahoe at Village Center Station light rail stop. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant York Space Systems N/A % Leased by Major Lessee 100% Major Lessee SQFT 138,100 Industry (Major Tenant) Capital Goods Lease Type Net % of Total ABR (Property) 1.4% Property WALT 9.0 years BUILDING INFORMATION Detailed Property Type Office/R&D Square Feet 138,100 Total Property % Leased 100% FAR 0.50 Year Built 1982 Year Renovated 2020 Stories 3 Parking Ratio (per 1,000 SF) 4.0 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 35 Property of Peakstone Realty Trust
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Portfolio Segment Office Constructed in 2014 as a build-to-suit for the tenant, the building contains office and lab space. The tenant's focus is on seed and crop protection solutions for the agriculture industry. SEGMENT DESIGNATION MARKET INFORMATION Region Midwest Market Des Moines Submarket Western Suburbs Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. Corteva Agriscience 8501 NW 62nd Ave Johnston, IA 50131 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Corteva Agriscience A % Leased by Major Lessee 100% Major Lessee SQFT 184,300 Industry (Major Tenant) Materials Lease Type Net % of Total ABR (Property) 1.4% Property WALT 3.9 years BUILDING INFORMATION Detailed Property Type Office/Lab Square Feet 184,300 Total Property % Leased 100% FAR 0.29 Year Built 2014 Year Renovated N/A Stories 2 Parking Ratio (per 1,000 SF) 3.6 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 36 Property of Peakstone Realty Trust
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Portfolio Segment Office Office/Lab/R&D facility for Keurig Dr. Pepper. Class "A" building with approximately 50,000 sf of office space, 40,000 sf of lab space, and 60,000 sf of warehouse research and design space. The building contains 6,000 amps power, 22' clear heights in the warehouse R&D space, and other specialized infrastructure to support the lab functions. SEGMENT DESIGNATION MARKET INFORMATION Region Northeast Market Boston Submarket Route 128 North Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. Keurig Dr. Pepper (63 South Avenue) 63 South Avenue Burlington, MA 01803 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Keurig Dr. Pepper BBB % Leased by Major Lessee 100% Major Lessee SQFT 150,700 Industry (Major Tenant) Food, Beverage & Tobacco Lease Type Net % of Total ABR (Property) 1.3% Property WALT 6.9 years BUILDING INFORMATION Detailed Property Type Office/Lab/R&D Square Feet 150,700 Total Property % Leased 100% FAR 0.58 Year Built 2013 Year Renovated N/A Stories 2 Parking Ratio (per 1,000 SF) 1.8 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 37 Property of Peakstone Realty Trust
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LPL (1040 LPL Way) 1040 LPL Way Fort Mill, SC 29175 Portfolio Segment Office MARKET INFORMATION Region Southeast Market Charlotte Submarket York County Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION The property is one of two adjacent buildings developed as a build-to-suit for LPL and serves as the largest of its four primary U.S. office locations. Asset is located in a thriving mixed-use development with walkable retail, lodging, and excellent accessibility to Interstate 77. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant LPL Baa3 % Leased by Major Lessee 100% Major Lessee SQFT 144,400 Industry (Major Tenant) Diversified Financials Lease Type Net % of Total ABR (Property) 1.3% Property WALT 13.8 years BUILDING INFORMATION Detailed Property Type Office Square Feet 144,400 Total Property % Leased 100% FAR 1.02 Year Built 2016 Year Renovated N/A Stories 6 Parking Ratio (per 1,000 SF) 4.2 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 38 Property of Peakstone Realty Trust
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Toshiba TEC 3901 South Miami Boulevard Durham, NC 27709 Portfolio Segment Office Region Southeast Market Raleigh/Durham Submarket RTP Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. Corporate headquarters for Toshiba Global Commerce Solutions, a subsidiary of Toshiba Tec Corporation, which provides integrated in-store solutions for retailers globally. Building features include an expanded lobby with a "Solutions Showcase" highlighting the tenant's latest product innovations. Property's location is immediately adjacent to Research Triangle Park, the largest research park in the United States. SEGMENT DESIGNATION MARKET INFORMATION PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Toshiba TEC BB+ % Leased by Major Lessee 100% Major Lessee SQFT 200,800 Industry (Major Tenant) Technology Hardware & Equipment Lease Type Net % of Total ABR (Property) 1.2% Property WALT 5.3 years BUILDING INFORMATION Detailed Property Type Office Square Feet 200,800 Total Property % Leased 100% FAR 0.19 Year Built 1999 Year Renovated 2016 Stories 4 Parking Ratio (per 1,000 SF) 4.4 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 39 Property of Peakstone Realty Trust
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Portfolio Segment Office Corporate headquarters for Mercury Systems, a leading provider of mission-critical technology solutions for the global aerospace and defense industry. Contains SCIF's, R&D labs, and other secure areas. SEGMENT DESIGNATION MARKET INFORMATION Region Northeast Market Boston Submarket Andover Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. Mercury Systems 50 Minuteman Road Andover, MA 01810 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Mercury Systems IG8 % Leased by Major Lessee 100% Major Lessee SQFT 145,300 Industry (Major Tenant) Capital Goods Lease Type Net % of Total ABR (Property) 1.2% Property WALT 9.3 years BUILDING INFORMATION Detailed Property Type Office/Lab Square Feet 145,300 Total Property % Leased 100% FAR 0.24 Year Built 1997 Year Renovated N/A Stories 3 Parking Ratio (per 1,000 SF) 3.5 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 40 Property of Peakstone Realty Trust
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Portfolio Segment Office Specialized facility for Occidental Petroleum housing the company’s Integrated Operating Center for oil and gas production in the DJ Basin. The on-site antennae gather “real time” data from the company's wells in the field. Property is located in Weld County, which is responsible for roughly 83% of the state’s crude oil production as well as 52% of the natural gas production. SEGMENT DESIGNATION MARKET INFORMATION Region West Market Platteville Submarket Weld County Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. Occidental Petroleum 501 North Division Street Platteville, CO 80651 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Occidental Petroleum BB+ % Leased by Major Lessee 100% Major Lessee SQFT 114,500 Industry (Major Tenant) Energy Lease Type Net % of Total ABR (Property) 1.1% Property WALT 10.8 years BUILDING INFORMATION Detailed Property Type Office Square Feet 114,500 Total Property % Leased 100% FAR 0.18 Year Built 2013 Year Renovated N/A Stories 2 Parking Ratio (per 1,000 SF) 4.7 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 41 Property of Peakstone Realty Trust
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Portfolio Segment Office Corporate headquarters for Avnet, a technology solutions company focused on marketing, selling, and distributing electronic components. The property has excellent access along Highway 143 and is located less than three miles from Phoenix Sky Harbor International Airport. SEGMENT DESIGNATION MARKET INFORMATION Region Southwest Market Phoenix Submarket Airport Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. Avnet (Phoenix) 2211 S 47th Street Phoenix, AZ 85034 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Avnet BBB- % Leased by Major Lessee 100% Major Lessee SQFT 176,400 Industry (Major Tenant) Technology Hardware & Equipment Lease Type Net % of Total ABR (Property) 1.0% Property WALT 3.7 years BUILDING INFORMATION Detailed Property Type Office Square Feet 176,400 Total Property % Leased 100% FAR 0.36 Year Built 1997 Year Renovated N/A Stories 2 Parking Ratio (per 1,000 SF) 5.8 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 42 Property of Peakstone Realty Trust
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PPG 400 Bertha Lamme Drive Cranberry Township, PA 16066 Portfolio Segment Office MARKET INFORMATION Region Northeast Market Pittsburgh Submarket Butler County Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION The property serves as PPG Paints' Architectural Coatings regional headquarters. Excellent access to Interstate 79 via the Highway 228 interchange and located within the Cranberry Woods Office Park, considered to be Western Pennsylvania's premier business address location. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant PPG A3 % Leased by Major Lessee 100% Major Lessee SQFT 118,000 Industry (Major Tenant) Retailing Lease Type Net % of Total ABR (Property) 1.0% Property WALT 8.0 years BUILDING INFORMATION Detailed Property Type Office Square Feet 118,000 Total Property % Leased 100% FAR 0.11 Year Built 2010 Year Renovated N/A Stories 3 Parking Ratio (per 1,000 SF) 5.0 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 43 Property of Peakstone Realty Trust
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Portfolio Segment Office MARKET INFORMATION Corporate headquarters for MISO (Midcontinent Independent System Operator). The building is connected via skyway to MISO's mission-critical control center where the company manages the flow of high-voltage electricity for 45 million customers across 15 U.S. states and the Canadian province of Manitoba. Located in the highly desirable submarket of Carmel. SEGMENT DESIGNATION Region Midwest Market Indianapolis Submarket North Meridian/Carmel Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. MISO 720 City Center Drive Carmel, IN 46032 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant MISO AA- % Leased by Major Lessee 100% Major Lessee SQFT 133,400 Industry (Major Tenant) Utilities Lease Type Net % of Total ABR (Property) 1.0% Property WALT 5.3 years BUILDING INFORMATION Detailed Property Type Office Square Feet 133,400 Total Property % Leased 100% FAR 0.39 Year Built 2008 Year Renovated 2016 Stories 3 Parking Ratio (per 1,000 SF) 4.5 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 44 Property of Peakstone Realty Trust
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Amentum (Heritage III) 13500 Heritage Parkway Fort Worth, TX 76177 Portfolio Segment Office MARKET INFORMATION Region Southwest Market Dallas/Fort Worth Submarket Alliance Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. (2) Lease restricts certain disclosures. PROPERTY OVERVIEW SEGMENT DESIGNATION The property is leased to Amentum. The Class "A" building is located in close proximity to Perot Field Fort Worth Alliance Airport. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Amentum DS1 % Leased by Major Lessee 100% Major Lessee SQFT 119,000 Industry (Major Tenant) Software & Services Lease Type Net % of Total ABR (Property) 0.9% Property WALT(2) - BUILDING INFORMATION Detailed Property Type Office Square Feet 119,000 Total Property % Leased 100% FAR 0.30 Year Built 2006 Year Renovated N/A Stories 2 Parking Ratio (per 1,000 SF) 4.9 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 45 Property of Peakstone Realty Trust
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Portfolio Segment Office North American headquarters for Draeger Medical Systems, a division of Draegerwerks AG, a leading international manufacturer of medical and safety technology products. Property is utilized as a design, development and manufacturing facility for the tenant's patient monitoring product line. SEGMENT DESIGNATION MARKET INFORMATION Region Northeast Market Boston Submarket Andover Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. Draeger Medical Systems Six Tech Drive Andover, MA 01810 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Draeger Medical Systems IG8 % Leased by Major Lessee 100% Major Lessee SQFT 128,400 Industry (Major Tenant) Health Care Equipment & Services Lease Type Net % of Total ABR (Property) 0.9% Property WALT 8.5 years BUILDING INFORMATION Detailed Property Type Office/Lab Square Feet 128,400 Total Property % Leased 100% FAR 0.22 Year Built 1984 Year Renovated 2020 Stories 2 Parking Ratio (per 1,000 SF) 3.4 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 46 Property of Peakstone Realty Trust
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Portfolio Segment Office The property is leased to a subsidiary of Fresenius Medical Care. Fresenius Medical Care is a healthcare company that provides healthcare professionals with products and solutions for patients with renal failure and chronic kidney disease through a network of outpatient dialysis centers. Class "A" asset located in Tyler, a growing and affluent outer suburb of Dallas. MARKET INFORMATION SEGMENT DESIGNATION Region Southwest Market Tyler Submarket Smith County Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. Fresenius Medical Care 3355 Earl Campbell Pkwy Tyler, TX 75701 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Fresenius Medical Care Baa3 % Leased by Major Lessee 100% Major Lessee SQFT 81,000 Industry (Major Tenant) Health Care Equipment & Services Lease Type Net % of Total ABR (Property) 0.8% Property WALT 8.8 years BUILDING INFORMATION Detailed Property Type Office Square Feet 81,000 Total Property % Leased 100% FAR 0.21 Year Built 2016 Year Renovated N/A Stories 2 Parking Ratio (per 1,000 SF) 7.0 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 47 Property of Peakstone Realty Trust
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Portfolio Segment Office SEGMENT DESIGNATION MARKET INFORMATION The property is leased to Cigna. Developed as a build-to-suit for Cigna in 2012. Tenant recently renewed its lease in 2021 for 5 years. Region Southeast Market Nashville Submarket MetroCenter Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. Cigna (500 Great Circle Road) 500 Great Circle Road Nashville, TN 37228 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Cigna A- % Leased by Major Lessee 100% Major Lessee SQFT 72,200 Industry (Major Tenant) Health Care Equipment & Services Lease Type Net % of Total ABR (Property) 0.7% Property WALT 4.5 years BUILDING INFORMATION Detailed Property Type Office Square Feet 72,200 Total Property % Leased 100% FAR 0.19 Year Built 2012 Year Renovated N/A Stories 1 Parking Ratio (per 1,000 SF) 5.8 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 48 Property of Peakstone Realty Trust
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Portfolio Segment Office The property is leased to Express Scripts. Constructed as a build-to-suit and designed specifically for call center and data center operations, with large, open floor plans that can accommodate a significant number of employee work stations. SEGMENT DESIGNATION MARKET INFORMATION Region Northeast Market Pittsburgh Submarket Parkway East Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. Cigna (Express Scripts) 501 Ronda Court North Huntingdon, PA 15642 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Express Scripts BBB+ % Leased by Major Lessee 100% Major Lessee SQFT 70,500 Industry (Major Tenant) Health Care Equipment & Services Lease Type Net % of Total ABR (Property) 0.7% Property WALT 2.5 years BUILDING INFORMATION Detailed Property Type Office/Data Center Square Feet 70,500 Total Property % Leased 100% FAR 0.11 Year Built 2015 Year Renovated N/A Stories 1 Parking Ratio (per 1,000 SF) 9.0 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 49 Property of Peakstone Realty Trust
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AT&T (14500 NE 87th Street) 14500 NE 87th Street Redmond, WA 98052 Portfolio Segment Office MARKET INFORMATION Region West Market Seattle/Puget Sound Submarket Redmond Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION Mission-critical facility for AT&T consisting of data center, lab, and office space. Strategically located adjacent to Sammamish Electricity Substation. Tenant has invested substantial capital into the property (property consists of 14500, 14520, and 14560 NE 87th Street) creating a mission-critical data center and R&D/engineering hub. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant AT&T BBB+ % Leased by Major Lessee 100% Major Lessee SQFT 60,000 Industry (Major Tenant) Telecommunication Services Lease Type Net % of Total ABR (Property) 0.7% Property WALT 4.7 years BUILDING INFORMATION Detailed Property Type Office/Data Center Square Feet 60,000 Total Property % Leased 100% FAR 0.43 Year Built 1995 Year Renovated N/A Stories 2 Parking Ratio (per 1,000 SF) 3.0 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 50 Property of Peakstone Realty Trust
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AT&T (14520 NE 87th Street) 14520 NE 87th Street Redmond, WA 98052 Portfolio Segment Office MARKET INFORMATION Region West Market Seattle/Puget Sound Submarket Redmond Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION Mission-critical facility for AT&T consisting of data center, lab, and office space. Strategically located adjacent to Sammamish Electricity Substation. Tenant has invested substantial capital into the property (property consists of 14500, 14520, and 14560 NE 87th Street) creating a mission-critical data center and R&D/engineering hub. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant AT&T BBB+ % Leased by Major Lessee 100% Major Lessee SQFT 59,800 Industry (Major Tenant) Telecommunication Services Lease Type Net % of Total ABR (Property) 0.6% Property WALT 4.7 years BUILDING INFORMATION Detailed Property Type Office/Data Center Square Feet 59,800 Total Property % Leased 100% FAR 0.43 Year Built 1995 Year Renovated N/A Stories 2 Parking Ratio (per 1,000 SF) 3.0 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 51 Property of Peakstone Realty Trust
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Parallon 6451 126th Avenue North Largo, FL 33773 Portfolio Segment Office MARKET INFORMATION Region Southeast Market Tampa Submarket Mid-Pinellas Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION The property is leased to a subsidiary of HCA Healthcare. HCA Healthcare provides health care services through its general and acute hospital operations which offer medical and surgical services. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Parallon BBB- % Leased by Major Lessee 100% Major Lessee SQFT 83,200 Industry (Major Tenant) Health Care Equipment & Services Lease Type Net % of Total ABR (Property) 0.6% Property WALT 2.2 years BUILDING INFORMATION Detailed Property Type Office Square Feet 83,200 Total Property % Leased 100% FAR 0.22 Year Built 2013 Year Renovated N/A Stories 1 Parking Ratio (per 1,000 SF) 7.6 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 52 Property of Peakstone Realty Trust
![](https://capedge.com/proxy/8-K/0001140361-23-013757/brhc10050202_ex99-3slide104.jpg)
Portfolio Segment Office The property is leased to Tech Data. Tech Data is one of the world's largest technology distributors also offering a wide range of technical and business support services. SEGMENT DESIGNATION MARKET INFORMATION Region Southwest Market San Antonio Submarket Far North Central Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. Tech Data 19031 Ridgewood Parkway San Antonio, TX 78259 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Tech Data BBB- % Leased by Major Lessee 100% Major Lessee SQFT 58,000 Industry (Major Tenant) Technology Hardware & Equipment Lease Type Net % of Total ABR (Property) 0.5% Property WALT 1.9 years BUILDING INFORMATION Detailed Property Type Office Square Feet 58,000 Total Property % Leased 100% FAR 0.27 Year Built 2014 Year Renovated N/A Stories 2 Parking Ratio (per 1,000 SF) 4.1 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 53 Property of Peakstone Realty Trust
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Rapiscan Systems 23 Frontage Road Andover, MA 01810 Portfolio Segment Office MARKET INFORMATION Region Northeast Market Boston Submarket Route 495 Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION Property is leased to Rapiscan Systems. Rapiscan Systems manufactures security equipment and systems designed for checkpoints, cargo, vehicle, baggage, parcel, and air cargo security inspection. The property has excellent access to Interstate 93. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Rapiscan Systems IG3 % Leased by Major Lessee 100% Major Lessee SQFT 64,200 Industry (Major Tenant) Capital Goods Lease Type Net % of Total ABR (Property) 0.4% Property WALT 4.4 years BUILDING INFORMATION Detailed Property Type Office/Lab Square Feet 64,200 Total Property % Leased 100% FAR 0.34 Year Built 1984 Year Renovated 2014 Stories 2 Parking Ratio (per 1,000 SF) 3.7 Industrial Property Stats: Trailer Parking Spaces 0 Loading Docks 2 Type of Docks (cross, rear, etc.) Rear Clear Height N/A 54 Property of Peakstone Realty Trust
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Portfolio Segment Office The property is 100% leased to two tenants, Blue Force Technologies and Ultra Electronics Ocean Systems. Blue Force, a firm specializing in design, fabrication and manufacturing of aerospace and defense systems, leases 51% of the property. Ultra Electronics, a leading supplier to the US Navy, providing acoustic and sonar systems, torpedo defense and radar sensor solutions, leases 49% of the property. SEGMENT DESIGNATION MARKET INFORMATION Region Southeast Market Raleigh/Durham Submarket Wake Forest Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. (2) Major Lessee based on Tenant ABR. 136 & 204 Capcom 136 & 204 Capcom Avenue Wake Forest, NC 27587 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Multi-Tenant Credit(1) Tenant Ultra Electronics Ocean Systems HY1 % Leased by Major Lessee(2) 49% Major Lessee SQFT 31,000 Industry (Major Tenant) Capital Goods Lease Type Net % of Total ABR (Property) 0.4% Property WALT 3.2 years BUILDING INFORMATION Detailed Property Type Office/R&D Square Feet 63,000 Total Property % Leased 100% FAR 0.24 Year Built 2010 Year Renovated N/A Stories 2 Parking Ratio (per 1,000 SF) 2.7 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 55 Property of Peakstone Realty Trust
![](https://capedge.com/proxy/8-K/0001140361-23-013757/brhc10050202_ex99-3slide107.jpg)
AT&T (14560 NE 87th Street) 14560 NE 87th Street Redmond, WA 98052 Portfolio Segment Office MARKET INFORMATION Region West Market Seattle/Puget Sound Submarket Redmond Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION Mission-critical facility for AT&T consisting of data center and office space. Strategically located adjacent to Sammamish Electricity Substation. Tenant has invested substantial capital into the property (property consists of 14500, 14520, and 14560 NE 87th Street) creating a mission-critical data center and R&D/engineering hub. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant AT&T BBB+ % Leased by Major Lessee 100% Major Lessee SQFT 36,000 Industry (Major Tenant) Telecommunication Services Lease Type Net % of Total ABR (Property) 0.4% Property WALT 4.7 years BUILDING INFORMATION Detailed Property Type Office/Data Center Square Feet 36,000 Total Property % Leased 100% FAR 0.43 Year Built 1995 Year Renovated N/A Stories 2 Parking Ratio (per 1,000 SF) 3.0 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 56 Property of Peakstone Realty Trust
![](https://capedge.com/proxy/8-K/0001140361-23-013757/brhc10050202_ex99-3slide108.jpg)
Portfolio Segment Office SEGMENT DESIGNATION MARKET INFORMATION Upon the estimated commencement date of January 1, 2024, the property will serve as the corporate headquarters for a confidential healthcare laboratory company. Tenant's buildout will include numerous labs in addition to office space. Region Southeast Market Nashville Submarket Metro Center Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. (2) Lease restricts certain disclosures. 530 Great Circle Road 530 Great Circle Road Nashville, TN 37228 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant(2) - HY6 % Leased by Major Lessee 100% Major Lessee SQFT 98,400 Industry (Major Tenant) Health Care Equipment & Services Lease Type Net % of Total ABR (Property) 0.0% Property WALT(2) - BUILDING INFORMATION Detailed Property Type Office/Lab Square Feet 98,400 Total Property % Leased 100% FAR 0.19 Year Built 2011 Year Renovated N/A Stories 1 Parking Ratio (per 1,000 SF) 5.8 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 57 Property of Peakstone Realty Trust
![](https://capedge.com/proxy/8-K/0001140361-23-013757/brhc10050202_ex99-3slide109.jpg)
Other Segment Property Summaries
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Wyndham Hotels & Resorts 22 Sylvan Way Parsippany, NJ 07054 Portfolio Segment Other MARKET INFORMATION Region Northeast Market Northern New Jersey Submarket Parsippany Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION Global headquarters for Wyndham Hotels & Resorts. Asset is located in the desirable Parsippany, NJ office market with excellent accessibility to Interstate 287. Property features an above standard amenity package that was designed to emulate the amenities found in 5-star Wyndham hotels. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Wyndham Hotels & Resorts BB- % Leased by Major Lessee 100% Major Lessee SQFT 249,400 Industry (Major Tenant) Consumer Services Lease Type Net % of Total ABR (Property) 3.4% Property WALT 6.7 years BUILDING INFORMATION Detailed Property Type Office Square Feet 249,400 Total Property % Leased 100% FAR 0.25 Year Built 2009 Year Renovated N/A Stories 3 Parking Ratio (per 1,000 SF) 4.0 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 58 Property of Peakstone Realty Trust
![](https://capedge.com/proxy/8-K/0001140361-23-013757/brhc10050202_ex99-3slide111.jpg)
Wood Group (Westgate II) 17320 Katy Freeway Houston, TX 77094 Portfolio Segment Other MARKET INFORMATION Region Southwest Market Houston Submarket Energy Corridor Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION The property is leased to Wood Group. Located in the Energy Corridor submarket of Houston along Interstate 10 midway between Beltway 8 and the Grand Parkway. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Wood Group HY6 % Leased by Major Lessee 100% Major Lessee SQFT 186,300 Industry (Major Tenant) Energy Lease Type Net % of Total ABR (Property) 2.1% Property WALT 1.3 years BUILDING INFORMATION Detailed Property Type Office Square Feet 186,300 Total Property % Leased 100% FAR 0.62 Year Built 2014 Year Renovated N/A Stories 4 Parking Ratio (per 1,000 SF) 4.4 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 59 Property of Peakstone Realty Trust
![](https://capedge.com/proxy/8-K/0001140361-23-013757/brhc10050202_ex99-3slide112.jpg)
Schlumberger 1200 Enclave Parkway Houston, TX 77077 Portfolio Segment Other MARKET INFORMATION Region Southwest Market Houston Submarket Energy Corridor Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. (2) Lease restricts certain disclosures. PROPERTY OVERVIEW SEGMENT DESIGNATION The property is leased to Schlumberger. Located in the Energy Corridor submarket of Houston with immediate access off of Enclave Parkway which connects to the area's major north-south thoroughfare, Eldridge Parkway. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Schlumberger A % Leased by Major Lessee 97% Major Lessee SQFT 144,600 Industry (Major Tenant) Energy Lease Type Net % of Total ABR (Property) 1.7% Property WALT(2) - BUILDING INFORMATION Detailed Property Type Office Square Feet 149,700 Total Property % Leased 98% FAR 0.64 Year Built 1999 Year Renovated N/A Stories 6 Parking Ratio (per 1,000 SF) 5.0 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 60 Property of Peakstone Realty Trust
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Level 3 (ParkRidge One) 10475 Park Meadows Drive Lone Tree, CO 80124 Portfolio Segment Other MARKET INFORMATION Region West Market Denver Submarket Lone Tree Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. (2) Lease restricts certain disclosures. PROPERTY OVERVIEW SEGMENT DESIGNATION The property is leased to Level 3. Property has excellent access to Interstate 25 via Lincoln Ave. interchange and is located less than one mile north of the Sky Ridge Station light rail stop. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Level 3 BB % Leased by Major Lessee 100% Major Lessee SQFT 166,700 Industry (Major Tenant) Telecommunication Services Lease Type Base Year % of Total ABR (Property) 1.6% Property WALT(2) - BUILDING INFORMATION Detailed Property Type Office Square Feet 166,700 Total Property % Leased 100% FAR 0.38 Year Built 1999 Year Renovated N/A Stories 6 Parking Ratio (per 1,000 SF) 4.1 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 61 Property of Peakstone Realty Trust
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Raytheon Technologies 2730 West Tyvola Road Charlotte, NC 28217 Portfolio Segment Other MARKET INFORMATION Region Southeast Market Charlotte Submarket Airport Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. (2) Lease restricts certain disclosures. PROPERTY OVERVIEW SEGMENT DESIGNATION The property is leased to Raytheon Technologies and serves as the headquarters for Raytheon's Collins Aerospace business unit. Located in the 65 acre Coliseum Centre office park with six multistory office buildings. Coliseum Centre is less than five miles from Charlotte Douglass International Airport and includes best-in-class construction, landscaping, and tenancy. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Raytheon Technologies A- % Leased by Major Lessee 100% Major Lessee SQFT 198,900 Industry (Major Tenant) Capital Goods Lease Type Net % of Total ABR (Property) 1.5% Property WALT(2) - BUILDING INFORMATION Detailed Property Type Office Square Feet 198,900 Total Property % Leased 100% FAR 0.36 Year Built 1999 Year Renovated N/A Stories 6 Parking Ratio (per 1,000 SF) 4.1 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height�� N/A 62 Property of Peakstone Realty Trust
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Hitachi Energy 500 West Highway 94 Jefferson City, MO 65101 Portfolio Segment Other MARKET INFORMATION Region Midwest Market Jefferson City Submarket Jefferson City Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION Manufacturing facility for Hitachi Energy (formerly ABB) for the production of power transformers, switchgear, and related components and parts. The property is designed and equipped with extensive above-standard infrastructure, including high-capacity cranes, robotics, and computerized machinery necessary to manufacture large capacity power transformers. The facility is designed to run virtually non-stop (closing down only for scheduled maintenance). TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Hitachi Energy USA A- % Leased by Major Lessee 100% Major Lessee SQFT 660,000 Industry (Major Tenant) Capital Goods Lease Type Net % of Total ABR (Property) 1.3% Property WALT 1.7 years BUILDING INFORMATION Detailed Property Type Manufacturing Square Feet 660,000 Total Property % Leased 100% FAR 0.16 Year Built 1972 Year Renovated N/A Stories 1 Parking Ratio (per 1,000 SF) 1.4 Industrial Property Stats: Trailer Parking Spaces 0 Loading Docks 12 Type of Docks (cross, rear, etc.) Rear Clear Height 25' 63 Property of Peakstone Realty Trust
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Avnet (Chandler) 6700 West Morelos Place Chandler, AZ 85226 Portfolio Segment Other MARKET INFORMATION Region Southwest Market Phoenix Submarket Chandler Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. (2) Lease restricts certain disclosures. PROPERTY OVERVIEW SEGMENT DESIGNATION Headquarters and logistics facility for Avnet Integrated, a business unit of Avnet. Tenant utilizes property as an R&D and assembly facility for its hardware and software products. Excellent access to Interstate 10 via the Loop 202 interchange. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Avnet BBB- % Leased by Major Lessee 100% Major Lessee SQFT 231,500 Industry (Major Tenant) Technology Hardware & Equipment Lease Type Net % of Total ABR (Property) 1.3% Property WALT(2) - BUILDING INFORMATION Detailed Property Type Industrial/R&D Square Feet 231,500 Total Property % Leased 100% FAR 0.40 Year Built 2008 Year Renovated N/A Stories 2 Parking Ratio (per 1,000 SF) 2.1 Industrial Property Stats: Trailer Parking Spaces 0 Loading Docks 14 Type of Docks (cross, rear, etc.) Rear Clear Height 35' 64 Property of Peakstone Realty Trust
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Franklin Center 6841 Benjamin Franklin Drive Columbia, MD 21046 Portfolio Segment Other MARKET INFORMATION Region Northeast Market Baltimore Submarket Columbia South Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION The property is currently 55% leased to two tenants. Leidos, the primary tenant, utilizes the property to serve various government contracts and its space contains SCIF's and other secure areas. Prominent visibility along Interstate 95. TENANT AND PROPERTY INFORMATION Tenancy Type Multi-Tenant Credit(1) Tenant Leidos BBB- % Leased by Major Lessee 54% Major Lessee SQFT 110,300 Industry (Major Tenant) Software & Services Lease Type Base Year + E % of Total ABR (Property) 1.2% Property WALT 3.6 years BUILDING INFORMATION Detailed Property Type Office Square Feet 202,500 Total Property % Leased 55% FAR 0.31 Year Built 2008 Year Renovated N/A Stories 7 Parking Ratio (per 1,000 SF) 4.9 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 65 Property of Peakstone Realty Trust
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Portfolio Segment Other Located in the Cummings Research Park, a 3,843 acre office campus with nearly 6.4 million sf of existing buildings. Huntsville is home to NASA’s Marshall Space Flight Center and the US Army Aviation and Missile Command as well as numerous engineering, space, and defense companies in Cummings Research Park. SEGMENT DESIGNATION MARKET INFORMATION Region Southeast Market Huntsville Submarket Cummins Research Park Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. KBR 345 Bob Heath Drive Huntsville, AL 35806 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant KBR BB % Leased by Major Lessee 100% Major Lessee SQFT 120,000 Industry (Major Tenant) Commercial & Professional Services Lease Type Base Year % of Total ABR (Property) 1.0% Property WALT 0.7 years BUILDING INFORMATION Detailed Property Type Office Square Feet 120,000 Total Property % Leased 100% FAR 0.20 Year Built 2013 Year Renovated N/A Stories 3 Parking Ratio (per 1,000 SF) 3.5 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 66 Property of Peakstone Realty Trust
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30 Independence 30 Independence Boulevard Warren, NJ 07059 Portfolio Segment Other MARKET INFORMATION Region Northeast Market Northern New Jersey Submarket Route 78 East Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION The property is currently 52% leased to six tenants. Asset recently went through a renovation which led to the procurement of six leases totaling 107,700 SF. Excellent access to Interstate 78 via the Liberty Corner Rd. interchange. TENANT AND PROPERTY INFORMATION Tenancy Type Multi-Tenant Credit(1) Tenant Bohler Engineering N/A % Leased by Major Lessee 17% Major Lessee SQFT 34,500 Industry (Major Tenant) Capital Goods Lease Type Base Year + E % of Total ABR (Property) 0.8% Property WALT 8.4 years BUILDING INFORMATION Detailed Property Type Office Square Feet 207,300 Total Property % Leased 52% FAR 0.15 Year Built 1997 Year Renovated 2020 Stories 6 Parking Ratio (per 1,000 SF) 3.7 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 67 Property of Peakstone Realty Trust
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Northrop Grumman 4065 Colonel Glenn Highway Beavercreek, OH 45431 Portfolio Segment Other MARKET INFORMATION Region Midwest Market Cincinnati/Dayton Submarket East Dayton Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION Developed as a build-to-suit for Northrop Grumman in 2012. Key location for Northrop Grumman to serve contracts associated with Wright-Patterson Air Force Base, located approximately six miles from the property. Contains SCIF's and other secure areas. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Northrop Grumman Baa1 % Leased by Major Lessee 100% Major Lessee SQFT 99,200 Industry (Major Tenant) Capital Goods Lease Type Net % of Total ABR (Property) 0.8% Property WALT 1.7 years BUILDING INFORMATION Detailed Property Type Office Square Feet 99,200 Total Property % Leased 100% FAR 0.34 Year Built 2012 Year Renovated N/A Stories 3 Parking Ratio (per 1,000 SF) 3.8 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 68 Property of Peakstone Realty Trust
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Portfolio Segment Other SEGMENT DESIGNATION MARKET INFORMATION The property is leased to MGM Resorts. Located adjacent to Harry Reid International Airport, one of the busiest airports in the United States. Houses several executive offices. Region Southwest Market Las Vegas Submarket South Las Vegas Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. MGM Corporate Center (880 Grier Drive) 880 Grier Drive Las Vegas, NV 89119 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant MGM B+ % Leased by Major Lessee 100% Major Lessee SQFT 81,000 Industry (Major Tenant) Consumer Services Lease Type Base Year % of Total ABR (Property) 0.6% Property WALT 1.7 years BUILDING INFORMATION Detailed Property Type Office Square Feet 81,000 Total Property % Leased 100% FAR 0.34 Year Built 1988 Year Renovated N/A Stories 2 Parking Ratio (per 1,000 SF) 4.1 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 69 Property of Peakstone Realty Trust
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Hitachi Astemo 9296 Intermodal North Court Columbus, OH 43217 Portfolio Segment Other MARKET INFORMATION Region Midwest Market Columbus Submarket Southeast Columbus Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION Distribution facility for Hitachi Astemo for various automotive and motorcycle parts. Strategically located less than one mile from the Rickenbacker Airport and Norfolk Southern Intermodal in a loaded-to-capacity container zone which allows the tenant to receive overweight shipping containers from Asia and transport them directly to the property. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Hitachi Astemo A % Leased by Major Lessee 100% Major Lessee SQFT 304,600 Industry (Major Tenant) Automobiles & Components Lease Type Net % of Total ABR (Property) 0.6% Property WALT 2.2 years BUILDING INFORMATION Detailed Property Type Warehouse Square Feet 304,600 Total Property % Leased 100% FAR 0.26 Year Built 2014 Year Renovated N/A Stories 1 Parking Ratio (per 1,000 SF) 0.4 Industrial Property Stats: Trailer Parking Spaces 36 Loading Docks 30 Type of Docks (cross, rear, etc.) Cross Clear Height 32' 70 Property of Peakstone Realty Trust
![](https://capedge.com/proxy/8-K/0001140361-23-013757/brhc10050202_ex99-3slide123.jpg)
Portfolio Segment Other SEGMENT DESIGNATION MARKET INFORMATION The property is leased to MGM Resorts. Located adjacent to Harry Reid International Airport, one of the busiest airports in the United States. Primary location for MGM’s human resources services, including hiring, new employee training, and on-going employee training. Region Southwest Market Las Vegas Submarket South Las Vegas Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. MGM Corporate Center (840 Grier Drive) 840 Grier Drive Las Vegas, NV 89119 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant MGM B+ % Leased by Major Lessee 100% Major Lessee SQFT 60,500 Industry (Major Tenant) Consumer Services Lease Type Base Year % of Total ABR (Property) 0.4% Property WALT 1.7 years BUILDING INFORMATION Detailed Property Type Office Square Feet 60,500 Total Property % Leased 100% FAR 0.37 Year Built 1997 Year Renovated N/A Stories 3 Parking Ratio (per 1,000 SF) 4.2 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 71 Property of Peakstone Realty Trust
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Portfolio Segment Other SEGMENT DESIGNATION MARKET INFORMATION The property is leased to the Administrative Office of Pennsylvania Courts ("AOPC"). AOPC supports the entire judicial system for the Commonwealth of Pennsylvania and houses its data center at the property. Region Northeast Market Harrisburg Submarket Harrisburg Area West Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. Administrative Office of Pennsylvania Courts 5035 Ritter Road Mechanicsburg, PA 17055 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant AOPC Aa3 % Leased by Major Lessee 100% Major Lessee SQFT 56,600 Industry (Major Tenant) Consumer Services Lease Type Net % of Total ABR (Property) 0.4% Property WALT 1.5 years BUILDING INFORMATION Detailed Property Type Office/Data Center Square Feet 56,600 Total Property % Leased 100% FAR 0.23 Year Built 1988 Year Renovated N/A Stories 1 Parking Ratio (per 1,000 SF) 4.3 Industrial Property Stats: Trailer Parking Spaces 0 Loading Docks 2 Type of Docks (cross, rear, etc.) Rear Clear Height N/A 72 Property of Peakstone Realty Trust
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Owens Corning 4535 Enterprise Drive Northwest Concord, NC 28025 Portfolio Segment Other MARKET INFORMATION Region Southeast Market Charlotte Submarket Cabarrus County Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION Highly-specialized light manufacturing facility for Owens Corning to produce glass fiber bushings for a variety of key applications. Property has excellent access to Interstate 85 via the Highway 73 interchange. TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant Owens Corning BBB % Leased by Major Lessee 100% Major Lessee SQFT 61,200 Industry (Major Tenant) Capital Goods Lease Type Net % of Total ABR (Property) 0.2% Property WALT 2.0 years BUILDING INFORMATION Detailed Property Type Manufacturing Square Feet 61,200 Total Property % Leased 100% FAR 0.23 Year Built 1998 Year Renovated N/A Stories 1 Parking Ratio (per 1,000 SF) 1.6 Industrial Property Stats: Trailer Parking Spaces 0 Loading Docks 1 Type of Docks (cross, rear, etc.) Rear Clear Height 26' 73 Property of Peakstone Realty Trust
![](https://capedge.com/proxy/8-K/0001140361-23-013757/brhc10050202_ex99-3slide126.jpg)
Portfolio Segment Other SEGMENT DESIGNATION MARKET INFORMATION The property is leased to MGM Resorts. Located adjacent to Harry Reid International Airport, one of the busiest airports in the United States. Region Southwest Market Las Vegas Submarket South Las Vegas Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. MGM Corporate Center (950 Grier Drive) 950 Grier Drive Las Vegas, NV 89119 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Single-Tenant Credit(1) Tenant MGM B+ % Leased by Major Lessee 100% Major Lessee SQFT 26,800 Industry (Major Tenant) Consumer Services Lease Type Net % of Total ABR (Property) 0.1% Property WALT 1.7 years BUILDING INFORMATION Detailed Property Type Office Square Feet 26,800 Total Property % Leased 100% FAR 0.46 Year Built 1989 Year Renovated N/A Stories 1 Parking Ratio (per 1,000 SF) 3.7 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 74 Property of Peakstone Realty Trust
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Gold Pointe Corp Ctr Bldg C 11971 Foundation Place Rancho Cordova, CA 95670 Portfolio Segment Other MARKET INFORMATION Region West Market Sacramento Submarket Highway 50 Corridor Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. (2) Building is occupied by a Café/Fitness Center used by the Association. PROPERTY OVERVIEW SEGMENT DESIGNATION Vacant building located in Rancho Cordova, CA. Asset is within the Gold Pointe Corporate Center Office Park and offers highly visible building top signage along Highway 50. TENANT AND PROPERTY INFORMATION Tenancy Type Vacant Credit(1) Tenant N/A N/A % Leased by Major Lessee 0% Major Lessee SQFT 0 Industry (Major Tenant) N/A Lease Type N/A % of Total ABR (Property) 0.0% Property WALT 0.0 years BUILDING INFORMATION Detailed Property Type Office Square Feet 145,900 Total Property % Leased(2) 3% FAR 0.41 Year Built 2002 Year Renovated N/A Stories 3 Parking Ratio (per 1,000 SF) 4.0 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 75 Property of Peakstone Realty Trust
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Quebec Court II 5800 South Quebec Street Greenwood Village, CO 80111 Portfolio Segment Other MARKET INFORMATION Region West Market Denver Submarket Greenwood Village Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. PROPERTY OVERVIEW SEGMENT DESIGNATION Vacant building located in Greenwood Village, CO. Greenwood Village submarket is considered one of Denver's premier office hubs and is surrounded by Denver's wealthiest zip codes, providing a strong base of highly skilled workers. Property has excellent access to Interstate 25 via E. Orchard Rd. interchange and is located one half mile west of the Orchard Station light rail stop. TENANT AND PROPERTY INFORMATION Tenancy Type Vacant Credit(1) Tenant N/A N/A % Leased by Major Lessee 0% Major Lessee SQFT 0 Industry (Major Tenant) N/A Lease Type N/A % of Total ABR (Property) 0.0% Property WALT 0.0 years BUILDING INFORMATION Detailed Property Type Office Square Feet 157,300 Total Property % Leased 0% FAR 0.58 Year Built 1980 Year Renovated N/A Stories 4 Parking Ratio (per 1,000 SF) 4.5 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 76 Property of Peakstone Realty Trust
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Crosspoint 20022 North 31st Avenue Phoenix, AZ 85027 Portfolio Segment Other MARKET INFORMATION Region Southwest Market Phoenix Submarket Deer Valley Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. (2) Lease restricts certain disclosures. PROPERTY OVERVIEW SEGMENT DESIGNATION The property is currently 8% leased to two tenants. Asset recently went through a renovation which led to the procurement of two leases totaling 27,600 SF. Highly improved building common areas including numerous on-site and walkable amenities. Excellent location near the Interstate 17 and Loop 101 interchange. TENANT AND PROPERTY INFORMATION Tenancy Type Multi-Tenant Credit(1) Tenant First American BBB+ % Leased by Major Lessee 5% Major Lessee SQFT 17,000 Industry (Major Tenant) Insurance Lease Type Net % of Total ABR (Property) 0.0% Property WALT(2) - BUILDING INFORMATION Detailed Property Type Office Square Feet 351,600 Total Property % Leased 8% FAR 0.33 Year Built 1985 Year Renovated 2021 Stories 4 Parking Ratio (per 1,000 SF) 5.5 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 77 Property of Peakstone Realty Trust
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Portfolio Segment Other MARKET INFORMATION Vacant building located in Lone Tree, CO. Property has excellent access to Interstate 25 via the Highway 470 interchange and is located less than one mile north of the Lincoln Station light rail stop. SEGMENT DESIGNATION Region West Market Denver Submarket Southeast Denver Notes: Information presented is as of December 31, 2022, unless otherwise noted. (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating. Park Meadows Corporate Center II 10002 Park Meadows Drive Lone Tree, CO 80124 PROPERTY OVERVIEW TENANT AND PROPERTY INFORMATION Tenancy Type Vacant Credit(1) Tenant N/A N/A % Leased by Major Lessee 0% Major Lessee SQFT 0 Industry (Major Tenant) N/A Lease Type N/A % of Total ABR (Property) 0.0% Property WALT 0.0 years BUILDING INFORMATION Detailed Property Type Office Square Feet 70,300 Total Property % Leased 0% FAR 0.34 Year Built 2000 Year Renovated N/A Stories 3 Parking Ratio (per 1,000 SF) 4.7 Industrial Property Stats: Trailer Parking Spaces N/A Loading Docks N/A Type of Docks (cross, rear, etc.) N/A Clear Height N/A 78 Property of Peakstone Realty Trust