BBCMS Mortgage Trust 2023-C19 FWP Free writing prospectus

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-257737-07

The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) (SEC File No. 333-257737) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the depositor, Barclays Capital Inc., BMO Capital Markets Corp., UBS Securities LLC, Deutsche Bank Securities, Inc. or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-866-603-5847.

The information in this file (the “File”) does not contain all information that is required to be included in the prospectus. This File should be reviewed only in conjunction with the entire prospectus. Prospective investors are advised to read carefully, and should rely on, the prospectus relating to the certificates referred to herein in making their investment decision. The information in this File should not be viewed as projections, forecasts, predictions or opinions with respect to value.

The information in this File is preliminary and may be amended and/or supplemented prior to the time of sale. The information in this File supersedes any contrary information contained in any prior File relating to the certificates and will be superseded by any contrary information contained in any subsequent File prior to the time of sale.

This File contains certain tables and other statistical analyses (the “Computational Materials”). Numerous assumptions were used in preparing the Computational Materials, which may or may not be stated in this File. As such, no assurance can be given as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. These Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice.

This File contains forward-looking statements. These forward looking statements are found in this File, including certain of the tables. Forward-looking statements are also found elsewhere in this File and include words like “expects”, “intends”, “anticipates”, “estimates” and other similar words. These statements intend to convey projections or expectations as of the date of this File. These statements are subject to certain risks and uncertainties that could cause the success of collections and the actual cash flow generated to differ materially from the information set forth in this File.

The securities related to this File are being offered when, as and if issued. This free writing prospectus is not an offer to sell or a solicitation of an offer to buy such securities in any state or other jurisdiction where such offer, solicitation or sale is not permitted. Such securities do not represent an interest in or obligation of the depositor, the sponsors, the originators, the master servicer, the special servicers, the trustee, the certificate administrator, the operating advisor, the asset representations reviewer, the controlling class representative, the risk retention consultation party, the companion loan holders (or their representatives), the underwriters or any of their respective affiliates. Neither such securities nor the underlying mortgage loans are insured or guaranteed by any governmental agency or instrumentality or private insurer.

Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and that these materials may not be updated or (3) these materials possibly being confidential, are, in each case, not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.

Annex Disclaimer

STATEMENT REGARDING THIS ANNEX

This Annex (this “Annex”) accompanying the Preliminary Collateral Term Sheet (the “Term Sheet”) is a confidential document. Any reproduction or distribution of this Annex, in whole or in part, and any disclosure of its contents or use of any information herein for any purpose other than considering an investment in all or a portion of the WIT Industrial Portfolio Trust Subordinate Companion Loan (or any certificates representing an interest therein) described in this Annex is strictly prohibited.

Nothing in this Annex constitutes an offer of securities for sale in the United States or any other jurisdiction. Neither this Annex nor anything contained in this Annex forms the basis of any contract or commitment whatsoever. This Annex has been provided to you for informational purposes only and may not be relied upon by you in evaluating the merits of investing in any of the assets described in this Annex. The information contained in this Annex is preliminary as of the date of this Annex, supersedes any previous version of such information delivered to you and will be superseded by any such information subsequently delivered. This Annex is subject to change, completion, supplement and amendment from time to time.

This Annex contains certain statistical analyses (the “Computational Materials”). Numerous assumptions were used in preparing the Computational Materials, which may or may not be stated in this Annex. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. These Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountants and other advisors as to the legal, tax, business, financial and related aspects of a purchase of the assets described in this Annex. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the WIT Industrial Portfolio Whole Loan, including the WIT Industrial Portfolio Trust Subordinate Companion Loan, will occur at rates higher or lower than the rates shown in the Computational Materials.

Certain information in this Annex is based on information set forth in third-party reports or other third-party sources or has been provided by the Borrowers and/or their affiliates. Appraisals, market studies, environmental, accounting engineering, financial and other reports, studies or surveys prepared or produced by third party appraisal firms and/or other firms or information provided by the Borrowers or their affiliates to the extent included in this Annex, are for informational purposes only and should not be relied upon as indicators of the value or the future performance of the WIT Industrial Portfolio Whole Loan (including the WIT Industrial Portfolio Trust Subordinate Loan) or any Property or for any other purpose. Neither of the originators nor the loan sellers have participated in the preparation of any of these materials, nor have the originators or the loan sellers independently verified the information contained therein. You may not rely upon the conclusions or other data set forth in any such underwriting, financial, appraisal or other reports, studies or surveys. Neither of the originators nor the loan sellers or any of their respective affiliates makes any representation as to the accuracy or completeness thereof or the reasonableness of any assumptions or other statements set forth therein.

This Annex contains forward-looking statements. These forward looking statements are found in this Annex, including certain of the tables. Forward-looking statements are also found elsewhere in this Annex and include words like “expects”, “intends”, “anticipates”, “estimates” and other similar words. These statements intend to convey our projections or expectations as of the date of this Annex. These statements are subject to certain risks and uncertainties that could cause the success of collections and the actual cash flow generated to differ materially from the information set forth in this Annex. While such information reflects projections prepared in good faith based upon methods and data that are believed to be reasonable and accurate as of the dates thereof, none of the loan sellers or originators undertakes any obligation to revise these forward-looking statements to reflect subsequent events or circumstances. Individuals should not place undue reliance on forward-looking statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect any loan seller’s or originator’s view only as of the date of the Term Sheet.

Capitalized terms used herein may be defined below or above in the Term Sheet. Capitalized terms used in this Annex but not separately defined in the Term Sheet will have the meanings assigned to them in the private placement memorandum related to any securities backed by the WIT Industrial Portfolio Trust Subordinate Companion Loan or, if not defined therein, in the loan documents for the WIT Industrial Portfolio Whole Loan (the “Loan Documents”).

Notwithstanding anything to the contrary in this Annex, as of the date of this Annex, the WIT Industrial Portfolio Whole Loan has not been originated. Therefore, the descriptions of the terms of the WIT Industrial Portfolio Whole Loan and the WIT Industrial Portfolio Trust Subordinate Companion Loan in this Annex are based on their expected terms if and when the WIT Industrial Portfolio Whole Loan is originated by the Mortgage Lenders. As a result, the terms of the WIT Industrial Portfolio Whole Loan and the WIT Industrial Portfolio Trust Subordinate Companion Loan and the respective descriptions thereof in this Annex are subject to revision. None of the Mortgage Lenders, any of their affiliates, or any other person is obligated to make the WIT Industrial Portfolio Whole Loan and there can be no assurance that the WIT Industrial Portfolio Whole Loan will be made.

Loan ID Number

Loan / Property Flag

# of Properties

Property Name

% of Initial Pool Balance

% of Loan Balance

Mortgage Loan Originator

Mortgage Loan Seller

Address

City

County

State

Zip Code

General Property Type

Detailed Property Type

Year Built

Year Renovated

Number of Units

Unit of Measure

Loan Per Unit ($)

Original Balance ($)

Cut-off Date Balance ($)

Maturity/ARD Balance ($)

Interest Rate %

Monthly Debt Service (P&I) ($)

Monthly Debt Service (IO) ($)

Annual Debt Service (P&I) ($)

Annual Debt Service (IO) ($)

Amortization Type

ARD Loan (Yes / No)

Interest Accrual Method

Original Interest-Only Period (Mos.)

Remaining Interest-Only Period (Mos.)

Original Term To Maturity / ARD (Mos.)

Remaining Term To Maturity / ARD (Mos.)

Original Amortization Term (Mos.)

Remaining Amortization Term (Mos.)

Origination Date

Seasoning (Mos.)

Payment Due Date

First Payment Date

First P&I Payment Date

Maturity Date or Anticipated Repayment Date

Final Maturity Date

Grace Period - Late Fee (Days)

Grace Period - Default (Days)

Prepayment Provision

Most Recent EGI ($)

Most Recent Expenses ($)

Most Recent NOI ($)

Most Recent NOI Date

Most Recent Description

Second Most Recent EGI ($)

Second Most Recent Expenses ($)

Second Most Recent NOI ($)

Second Most Recent NOI Date

Second Most Recent Description

Third Most Recent EGI ($)

Third Most Recent Expenses ($)

Third Most Recent NOI ($)

Third Most Recent NOI Date

Third Most Recent Description

Underwritten Economic Occupancy (%)

Underwritten EGI ($)

Underwritten Expenses ($)

Underwritten Net Operating Income ($)

Underwritten Replacement / FF&E Reserve ($)

Underwritten TI / LC ($)

Underwritten Net Cash Flow ($)

Underwritten NOI DSCR (x)

Underwritten NCF DSCR (x)

Underwritten NOI Debt Yield (%)

Underwritten NCF Debt Yield (%)

Appraised Value ($)

Appraised Value Type

Appraisal Date

Cut-off Date LTV Ratio (%)

LTV Ratio at Maturity / ARD (%)

Leased Occupancy (%)

Occupancy Date

Single Tenant (Y/N)

Largest Tenant

Largest Tenant SF

Largest Tenant % of NRA

Largest Tenant Lease Expiration Date

Second Largest Tenant

Second Largest Tenant SF

Second Largest Tenant % of NRA

Second Largest Tenant Lease Expiration Date

Third Largest Tenant

Third Largest Tenant SF

Third Largest Tenant % of NRA

Third Largest Tenant Lease Expiration Date

Fourth Largest Tenant

Fourth Largest Tenant SF

Fourth Largest Tenant % of NRA

Fourth Largest Tenant Lease Expiration Date

Fifth Largest Tenant

Fifth Largest Tenant SF

Fifth Largest Tenant % of NRA

Fifth Largest Tenant Lease Expiration Date

Environmental Phase I Report Date

Environmental Phase II Report Date

Engineering Report Date

Seismic Report Date

PML or SEL (%)

Flood Zone

Ownership Interest

Ground Lease Expiration Date

Ground Lease Extension Terms

Annual Ground Lease Payment as of the Cut-off Date ($)

Annual Ground Rent Increases (Y/N)

Upfront RE Tax Reserve ($)

Monthly RE Tax Reserve ($)

Upfront Insurance Reserve ($)

Monthly Insurance Reserve ($)

Upfront Replacement / PIP Reserve ($)

Monthly Replacement / FF&E Reserve ($)

Replacement Reserve Caps ($)

Upfront TI/LC Reserve ($)

Monthly TI/LC Reserve ($)

TI/LC Caps ($)

Upfront Debt Service Reserve ($)

Monthly Debt Service Reserve ($)

Debt Service Reserve Cap ($)

Upfront Deferred Maintenance Reserve ($)

Upfront Other Reserve ($)

Monthly Other Reserve ($)

Other Reserve Description

Other Reserve Cap ($)

Holdback/ Earnout Amount ($)

Holdback/ Earnout Description

Lockbox Type

Cash Management

Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N)

Tenant Specific Excess Cash Trap Trigger (Y/N)

Subordinate Companion Loan Cut-off Date Balance ($)

Subordinate Companion Loan Interest Rate

Whole Loan Cut-off Date Balance ($)

Whole Loan Monthly Debt Service ($)

Whole Loan Cut-off Date LTV Ratio (%)

Whole Loan Underwritten NCF DSCR (x)

Whole Loan Underwritten NOI Debt Yield (%)

Mezzanine Debt Cut-off Date Balance($)

Mezzanine Debt Interest Rate (%)

Total Debt Cut-off Date Balance ($)

Total Debt Monthly Debt Service ($)

Total Debt Cut-off Date LTV Ratio (%)

Total Debt Underwritten NCF DSCR (x)

Total Debt Underwritten NOI Debt Yield (%)

Future Additional Debt Permitted (Y/N)

Future Debt Permitted Type

Sponsor

Non-Recourse Carveout Guarantor

Delaware Statutory Trust
(Y/N)

Tenants-in-common
(Y/N)

Loan Purpose

Property Located Within a Qualified Opportunity Zone (Y/N)

Sources: Loan Amount ($)

Sources: Principal's New Cash Contribution ($)

Sources: Subordinate Debt ($)

Sources: Other Sources ($)

Sources: Total Sources ($)

Uses: Loan Payoff ($)

Uses: Purchase Price ($)

Uses: Closing Costs ($)

Uses: Reserves ($)

Uses: Principal Equity Distribution ($)

Uses: Other Uses ($)

Uses: Total Uses ($)

Franchise Agreement Expiration

Underwritten ADR ($)

Underwritten RevPAR ($)

Underwritten Hotel Occupancy (%)

Most Recent ADR ($)

Most Recent RevPAR ($)

Most Recent Hotel Occupancy (%)

Second Most Recent ADR ($)

Second Most Recent RevPAR ($)

Second Most Recent Hotel Occupancy (%)

Third Most Recent ADR ($)

Third Most Recent RevPAR ($)

Third Most Recent Hotel Occupancy (%)

Loan

WIT Industrial Portfolio

BMO, Barclays, DBNY, UBS AG

Various

Industrial

R&D/Flex

Various

4,223,400

94.71

400,000,000

7.10000%

NAP

419,918.98

NAP

5,039,027.76

Interest Only

Actual/360

3/2/2023

4/6/2023

NAP

3/6/2028

L(26),DorYM1(29),O(5)

68,970,041

19,677,054

49,292,987

9/30/2022

T-12

67,898,206

19,402,419

48,495,786

12/31/2021

T-12

65,374,893

18,000,297

47,374,596

12/31/2020

T-12

88.0%

70,166,235

20,154,790

50,011,445

633,510

49,377,935

1.74

1.71

12.5%

12.3%

860,000,000

As Portfolio

Various

46.5%

87.7%

12/31/2022

3,604,980

Springing

720,996

Springing

10,558,500

Springing

61,325

5,054,199

Springing (TI/LC Reserve)

TI/LC Reserve (Upfront: $4,146,843; Monthly: Springing), Free Rent Reserve (Upfront: $907,356)

NAP

Hard

Springing

Yes

225,000,000

7.10000%

625,000,000

3,749,276.62

72.7%

1.10

8.0%

NAP

Workspace Property Trust L.P.

Refinance

625,000,000

495,364,173

19,773,327

20,000,000

89,862,500

625,000,000

NAP

1.01

Property

4425 E Cotton Center Blvd

4.5%

4425 East Cotton Center Boulevard

Phoenix

Maricopa

85040

Industrial

R&D/Flex

2001

NAP

165,000

18,182,938

3,697,739

589,525

3,108,213

9/30/2022

T-12

3,659,034

604,690

3,054,344

12/31/2021

T-12

3,558,260

574,610

2,983,650

12/31/2020

T-12

100.0%

3,669,105

647,686

3,021,419

24,750

2,996,669

36,900,000

As Is

12/13/2022

100.0%

12/31/2022

Yes

United Healthcare Services, Inc.

165,000

100.0%

3/31/2024

NAP

10/12/2022

NAP

11/10/2022

NAP

Fee

NAP

1.02

Property

4500 E Cotton Center Blvd

3.9%

4500 East Cotton Center Boulevard

Phoenix

Maricopa

85040

Industrial

R&D/Flex

2013

NAP

139,403

15,669,849

3,021,017

522,934

2,498,083

9/30/2022

T-12

2,981,326

530,927

2,450,399

12/31/2021

T-12

2,919,461

550,980

2,368,481

12/31/2020

T-12

100.0%

3,122,624

612,853

2,509,771

20,910

2,488,860

31,800,000

As Is

12/13/2022

100.0%

12/31/2022

Yes

Aetna Life Insurance Company

139,403

100.0%

12/31/2023

NAP

10/12/2022

NAP

11/10/2022

NAP

Fee

NAP

1.03

Property

45-67 Great Valley Parkway

3.2%

45-67 Great Valley Parkway

Malvern

Chester

19355

Industrial

R&D/Flex

1974

NAP

128,011

12,762,550

1,908,661

413,082

1,495,579

9/30/2022

T-12

1,660,087

489,095

1,170,992

12/31/2021

T-12

1,699,550

424,612

1,274,938

12/31/2020

T-12

100.0%

2,110,794

480,235

1,630,559

19,202

1,611,358

25,900,000

As Is

12/19/2022

100.0%

12/31/2022

Marken, LLP

39,645

31.0%

2/28/2026

Janssen Biotech

32,691

25.5%

5/31/2032

Havpak, Inc.

30,875

24.1%

6/30/2026

Clinigen Clinical Supplies Management, Inc.

24,800

19.4%

9/30/2032

NAP

10/17/2022

NAP

11/10/2022

NAP

Fee

NAP

1.04

Property

4755 S 44th Place

2.8%

4755 South 44th Place

Phoenix

Maricopa

85040

Industrial

R&D/Flex

2018

NAP

80,000

11,234,986

1,886,133

353,398

1,532,735

9/30/2022

T-12

1,853,531

356,219

1,497,311

12/31/2021

T-12

1,808,275

341,910

1,466,365

12/31/2020

T-12

100.0%

1,904,000

399,686

1,504,314

12,000

1,492,314

22,800,000

As Is

12/13/2022

100.0%

12/31/2022

Yes

Aetna Life Insurance Company

80,000

100.0%

1/31/2029

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.05

Property

77-123 Great Valley Parkway

2.8%

77-123 Great Valley Parkway

Malvern

Chester

19355

Industrial

R&D/Flex

1978

NAP

103,099

11,136,434

2,044,099

450,464

1,593,635

9/30/2022

T-12

1,985,213

521,957

1,463,256

12/31/2021

T-12

1,492,825

384,368

1,108,457

12/31/2020

T-12

98.3%

1,988,110

437,488

1,550,622

15,465

1,535,157

22,600,000

As Is

12/19/2022

98.3%

12/31/2022

Puresyn, Inc.

34,348

33.3%

3/31/2027

Janssen Biotech

13,712

13.3%

3/31/2028

Brandywine Educational Enterprises, Ltd.

12,445

12.1%

6/30/2029

Ford Motor Company

9,530

9.2%

8/31/2027

Theodore Presser Company

8,050

7.8%

7/31/2024

10/20/2022

NAP

11/10/2022

NAP

Fee

NAP

1.06

Property

420-500 Lapp Rd

2.6%

420-500 Lapp Road

Malvern

Chester

19355

Industrial

R&D/Flex

1988

NAP

91,312

10,495,842

1,656,800

437,036

1,219,764

9/30/2022

T-12

1,783,918

445,132

1,338,786

12/31/2021

T-12

1,672,354

334,988

1,337,366

12/31/2020

T-12

100.0%

1,880,679

456,989

1,423,691

13,697

1,409,994

21,300,000

As Is

12/19/2022

100.0%

12/31/2022

ifm Prover USA, Inc.

36,837

40.3%

3/31/2024

Baudax Bio

17,369

19.0%

12/31/2027

Akzo Nobel Coatings, Inc.

17,295

18.9%

8/31/2024

Bluestone Communications, Inc.

9,917

10.9%

1/31/2028

Corrpro Companies, Inc.

9,894

10.8%

6/30/2029

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.07

Property

4410 E Cotton Center Blvd

2.5%

4410 East Cotton Center Boulevard

Phoenix

Maricopa

85040

Industrial

R&D/Flex

2007

NAP

101,269

10,150,909

1,522,874

454,677

1,068,197

9/30/2022

T-12

1,690,145

449,482

1,240,663

12/31/2021

T-12

1,637,203

431,326

1,205,877

12/31/2020

T-12

100.0%

1,778,874

510,631

1,268,244

15,190

1,253,053

20,600,000

As Is

12/13/2022

100.0%

12/31/2022

Yes

Cruise, LLC

101,269

100.0%

9/30/2024

NAP

10/12/2022

NAP

11/10/2022

NAP

Fee

NAP

1.08

Property

4313 E Cotton Center Blvd

2.5%

4313 East Cotton Center Boulevard

Phoenix

Maricopa

85040

Industrial

R&D/Flex

2001

NAP

108,874

10,003,080

2,354,066

394,952

1,959,114

9/30/2022

T-12

2,324,435

407,344

1,917,090

12/31/2021

T-12

2,239,785

402,466

1,837,319

12/31/2020

T-12

71.8%

1,754,082

419,774

1,334,308

16,331

1,317,977

20,300,000

As Is

12/13/2022

72.0%

12/31/2022

Yes

GE Parallel Design, Inc.

78,335

72.0%

9/30/2028

NAP

10/12/2022

NAP

11/10/2022

NAP

Fee

NAP

1.09

Property

4610 S 44th Street

2.3%

4610 South 44th Street

Phoenix

Maricopa

85040

Industrial

R&D/Flex

2007

NAP

66,012

9,017,555

1,689,875

361,209

1,328,666

9/30/2022

T-12

1,684,216

380,304

1,303,912

12/31/2021

T-12

1,500,326

382,999

1,117,326

12/31/2020

T-12

100.0%

1,778,363

415,160

1,363,203

9,902

1,353,301

18,300,000

As Is

12/13/2022

100.0%

12/31/2022

Yes

Caris MPI, Inc.

66,012

100.0%

12/31/2030

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.10

Property

333 Phoenixville Pike

2.1%

333 Phoenixville Pike

Malvern

Chester

19355

Industrial

R&D/Flex

1985

NAP

84,000

8,475,516

1,221,105

268,540

952,565

9/30/2022

T-12

1,149,906

264,876

885,030

12/31/2021

T-12

1,103,483

249,644

853,839

12/31/2020

T-12

100.0%

1,233,993

299,255

934,737

12,600

922,137

17,200,000

As Is

12/19/2022

100.0%

12/31/2022

Yes

Colorcon, Inc.

84,000

100.0%

9/14/2024

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.11

Property

5775 W. Old Shakopee Road

2.1%

5775 West Old Shakopee Road

Bloomington

Hennepin

85040

Industrial

R&D/Flex

2002

NAP

103,050

8,376,963

1,230,855

575,712

655,142

9/30/2022

T-12

1,122,269

533,887

588,382

12/31/2021

T-12

1,063,976

486,696

577,279

12/31/2020

T-12

95.9%

1,734,986

568,927

1,166,060

15,458

1,150,602

17,000,000

As Is

12/16/2022

95.9%

12/31/2022

Sensata Technologies, Inc.

60,054

58.3%

6/30/2027

Sightpath M edical, LLC

25,750

25.0%

4/30/2026

Datalogic Automation, Inc.

8,383

8.1%

4/30/2025

Card Technology Corporation

4,600

4.5%

4/30/2025

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.12

Property

7930,8010-20 Woodland Ctr Blvd

2.0%

7930, 8010-20 Woodland Center Boulevard

Tampa

Hillsborough

33614

Industrial

R&D/Flex

1990

NAP

89,758

7,933,477

1,358,575

367,189

991,386

9/30/2022

T-12

1,117,090

339,664

777,426

12/31/2021

T-12

1,198,480

310,578

887,902

12/31/2020

T-12

97.1%

1,561,570

375,559

1,186,011

13,464

1,172,548

16,100,000

As Is

12/12/2022

97.1%

12/31/2022

HiVelocity Ventures Corporation

28,680

32.0%

8/31/2027

Caremark, L.L.C.

16,506

18.4%

11/30/2024

Baycare Home Care, Inc.

16,506

18.4%

11/30/2024

Siemens Corporation

12,773

14.2%

6/30/2024

Rimkus Consulting Group, Inc.

11,280

12.6%

10/31/2028

10/13/2022

NAP

11/4/2022

NAP

Fee

NAP

1.13

Property

7905 Fuller Road

2.0%

7905 Fuller Road

Eden Prairie

Hennepin

85040

Industrial

R&D/Flex

1998

NAP

74,224

7,933,477

1,337,620

410,869

926,750

9/30/2022

T-12

1,341,852

435,431

906,421

12/31/2021

T-12

1,272,910

392,056

880,854

12/31/2020

T-12

100.0%

1,415,749

454,452

961,297

11,134

950,163

16,100,000

As Is

12/16/2022

100.0%

12/31/2022

Yes

Acist Medical Systems, Inc.

74,224

100.0%

10/31/2029

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.14

Property

257-275 Great Valley Parkway

2.0%

257-275 Great Valley Parkway

Malvern

Chester

19355

Industrial

R&D/Flex

1985

NAP

71,122

7,834,925

1,363,901

345,968

1,017,933

9/30/2022

T-12

1,341,561

345,685

995,876

12/31/2021

T-12

1,077,249

280,284

796,965

12/31/2020

T-12

100.0%

1,388,574

317,393

1,071,180

10,668

1,060,512

15,900,000

As Is

12/19/2022

100.0%

12/31/2022

Ocugen, Inc.

16,401

23.1%

12/31/2027

Medical Technology Associates II

12,080

17.0%

5/31/2028

Reaction Biology Corporation

11,160

15.7%

5/31/2028

Brock & Company, Inc.

9,518

13.4%

3/31/2023

Gene Transcription Technologies, Inc.

9,125

12.8%

5/31/2025

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.15

Property

8401-8406 Benjamin Rd

1.9%

8401-8406 Benjamin Road

Tampa

Hillsborough

33614

Industrial

R&D/Flex

1986

NAP

94,766

7,637,820

1,457,458

415,125

1,042,333

9/30/2022

T-12

1,305,785

391,184

914,601

12/31/2021

T-12

1,086,176

349,490

736,686

12/31/2020

T-12

94.3%

1,432,794

397,518

1,035,276

14,215

1,021,061

15,500,000

As Is

12/12/2022

94.3%

12/31/2022

InSync Healthcare Solutions, LLC

13,510

14.3%

7/31/2024

Zippy Shell USA, LLC

10,929

11.5%

2/28/2024

GP Strategies Corporation

9,000

9.5%

4/30/2023

Nextteq, LLC

7,200

7.6%

2/29/2024

Otis Elevator Company

6,924

7.3%

7/21/2024

10/13/2022

NAP

11/3/2022

NAP

Fee

NAP

1.16

Property

131 Kelsey Lane

1.9%

131 Kelsey Lane

Tampa

Hillsborough

33619

Industrial

R&D/Flex

1998

NAP

89,290

7,416,076

1,759,250

466,523

1,292,727

9/30/2022

T-12

1,610,309

347,330

1,262,979

12/31/2021

T-12

1,583,090

349,206

1,233,884

12/31/2020

T-12

100.0%

1,735,798

398,919

1,336,878

13,394

1,323,485

15,050,000

As Is

12/13/2022

100.0%

12/31/2022

Yes

United Healthcare Services, Inc.

89,290

100.0%

9/30/2024

NAP

10/12/2022

NAP

11/4/2022

NAP

Fee

NAP

1.17

Property

7615 Smetana Lane

1.8%

7615 Smetana Lane

Eden Prairie

Hennepin

85044

Industrial

R&D/Flex

2000

NAP

93,444

7,342,162

1,556,577

549,296

1,007,281

9/30/2022

T-12

1,525,293

536,995

988,298

12/31/2021

T-12

1,461,783

499,482

962,301

12/31/2020

T-12

100.0%

1,625,216

571,849

1,053,367

14,017

1,039,351

14,900,000

As Is

12/16/2022

100.0%

12/31/2022

Dell Marketing L. P.

85,366

91.4%

8/31/2024

Viking Forest Products, LLC

8,078

8.6%

10/31/2023

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.18

Property

4750 S 44th Place

1.7%

4750 S 44th Place

Phoenix

Maricopa

85040

Industrial

R&D/Flex

2007

NAP

79,496

6,997,228

1,897,094

364,090

1,533,003

9/30/2022

T-12

1,877,638

375,323

1,502,315

12/31/2021

T-12

1,810,032

355,153

1,454,879

12/31/2020

T-12

100.0%

1,984,312

414,055

1,570,257

11,924

1,558,333

14,200,000

As Is

12/13/2022

100.0%

12/31/2022

Yes

Aetna Life Insurance Company

69,094

86.9%

12/31/2023

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.19

Property

4217 E Cotton Center Blvd

1.7%

4217 E Cotton Center Boulevard

Phoenix

Maricopa

85040

Industrial

R&D/Flex

2006

NAP

88,140

6,800,123

236,140

341,444

(105,303)

9/30/2022

T-12

311,496

(311,496)

12/31/2021

T-12

(205)

321,061

(321,266)

12/31/2020

T-12

69.0%

1,232,083

348,727

883,357

13,221

870,136

13,800,000

As Is

12/13/2022

42.6%

12/31/2022

Yes

Applied Microarrays, Inc.

37,507

42.6%

7/31/2032

NAP

10/12/2022

NAP

11/10/2022

NAP

Fee

NAP

1.20

Property

111-159 Gibraltar Road

1.7%

111-159 Gibraltar Road

Horsham

Montgomery

19044

Industrial

R&D/Flex

1977

NAP

63,036

6,701,571

909,608

339,220

570,388

9/30/2022

T-12

878,866

321,774

557,092

12/31/2021

T-12

680,663

269,670

410,994

12/31/2020

T-12

93.8%

1,167,183

364,146

803,037

9,455

793,581

13,600,000

As Is

12/19/2022

93.8%

12/31/2022

Burns Mechanical

15,400

24.4%

9/30/2028

Clinical Ink, Inc.

10,296

16.3%

10/31/2029

Symphony Diagnostic Services No.1, LLC

8,621

13.7%

10/31/2026

Thoroughbred Baseball Academy

8,233

13.1%

10/31/2023

Bio/Data Corp

5,750

9.1%

12/31/2024

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.21

Property

1 Great Valley Parkway

1.6%

1 Great Valley Parkway

Malvern

Chester

19355

Industrial

R&D/Flex

1982

NAP

60,880

6,405,913

1,243,171

323,522

919,649

9/30/2022

T-12

1,211,013

329,167

881,845

12/31/2021

T-12

1,190,072

320,999

869,073

12/31/2020

T-12

100.0%

1,270,125

307,956

962,169

9,132

953,037

13,000,000

As Is

12/19/2022

100.0%

12/31/2022

TELA Bio, Inc.

24,725

40.6%

5/31/2028

PhaseBio Pharmaceuticals, Inc.

15,881

26.1%

12/31/2028

Reaction Biology Corporation

12,520

20.6%

6/30/2029

Environex, Inc.

4,811

7.9%

4/30/2024

Shifa Biomedical Corporation

2,943

4.8%

10/31/2025

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.22

Property

231-253 Gibraltar Road

1.6%

231-253 Gibraltar Road

Horsham

Montgomery

19044

Industrial

R&D/Flex

1980

NAP

60,000

6,208,808

1,239,593

364,220

875,373

9/30/2022

T-12

1,196,433

352,647

843,787

12/31/2021

T-12

996,781

317,929

678,852

12/31/2020

T-12

100.0%

1,270,090

370,424

899,667

9,000

890,667

12,600,000

As Is

12/20/2022

100.0%

12/31/2022

ADT

15,014

25.0%

12/31/2023

Central Admixture Pharmacy

12,468

20.8%

4/30/2026

Elma Electronic Inc.

12,000

20.0%

5/31/2026

CPM Wolverine Proctor LLC

11,532

19.2%

11/30/2024

Advanced Micro Computer Specialists, Inc.

8,986

15.0%

1/31/2027

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.23

Property

261-283 Gibraltar Road

1.5%

261-283 Gibraltar Road

Horsham

Montgomery

19044

Industrial

R&D/Flex

1981

2018

60,000

6,159,532

1,018,683

244,812

773,871

9/30/2022

T-12

989,850

243,464

746,387

12/31/2021

T-12

802,301

246,705

555,597

12/31/2020

T-12

100.0%

1,073,160

265,973

807,187

9,000

798,187

12,500,000

As Is

12/20/2022

100.0%

12/31/2022

SimplexGrinnell, LP

36,000

60.0%

4/30/2024

Tiger Optics, LLC

18,000

30.0%

6/30/2028

Accurate Healthcare, Inc.

6,000

10.0%

11/30/2025

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.24

Property

155 Great Valley Parkway

1.5%

155 Great Valley Parkway

Malvern

Chester

19355

Industrial

R&D/Flex

1982

NAP

71,200

6,110,256

846,098

106,452

739,646

9/30/2022

T-12

827,165

104,485

722,680

12/31/2021

T-12

801,393

100,075

701,318

12/31/2020

T-12

100.0%

916,125

132,117

784,008

10,680

773,328

12,400,000

As Is

12/19/2022

100.0%

12/31/2022

Yes

Janssen Biotech

71,200

100.0%

7/31/2027

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.25

Property

5705 Old Shakopee Road

1.5%

5705 Old Shakopee Road

Bloomington

Hennepin

85040

Industrial

R&D/Flex

2007

NAP

74,594

5,962,427

1,350,324

460,285

890,038

9/30/2022

T-12

1,313,846

435,312

878,534

12/31/2021

T-12

1,258,962

405,211

853,751

12/31/2020

T-12

38.2%

558,219

439,621

118,599

11,189

107,410

12,100,000

As Is

12/16/2022

37.9%

12/31/2022

MNGI Digestive Health, P.A.

15,280

20.5%

12/31/2027

KWS Seeds, LLC

13,006

17.4%

3/31/2025

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.26

Property

3102,3104,3110 Cherry Palm

1.5%

3102,3104,3110 Cherry Palm

Tampa

Hillsborough

33614

Industrial

R&D/Flex

1987

NAP

74,397

5,888,512

1,216,823

387,680

829,143

9/30/2022

T-12

1,041,509

358,657

682,852

12/31/2021

T-12

908,973

369,343

539,630

12/31/2020

T-12

63.3%

756,597

351,166

405,432

11,160

394,272

11,950,000

As Is

12/13/2022

92.7%

12/31/2022

Cotney Construction Law, LLP

18,891

25.4%

11/30/2024

Independent Clinical Laboratories, Inc.

16,000

21.5%

5/31/2026

Bay Area Youth Services, Inc.

4,230

5.7%

5/31/2025

Technocable Wiring Specialist, Inc.

3,007

4.0%

5/31/2024

US MED EQUIP, LLC

2,947

4.0%

9/30/2023

10/13/2022

NAP

11/4/2022

NAP

Fee

NAP

1.27

Property

701-725 US Highway 301 South

1.5%

701-725 US Highway 301 South

Tampa

Hillsborough

33614

Industrial

R&D/Flex

1999

NAP

65,380

5,839,236

1,159,160

297,460

861,700

9/30/2022

T-12

1,127,812

269,324

858,488

12/31/2021

T-12

998,130

232,112

766,019

12/31/2020

T-12

100.0%

1,176,364

270,618

905,746

9,807

895,939

11,850,000

As Is

12/13/2022

100.0%

12/31/2022

Aptim Government Solutions, LLC

15,610

23.9%

7/31/2024

ADT

15,054

23.0%

11/30/2024

Wiginton Corporation

11,026

16.9%

8/31/2024

Central Florida Behavioral Health Network

10,990

16.8%

8/31/2023

Advanced Insurance Brokerage, LLC

6,700

10.2%

6/30/2025

10/12/2022

NAP

11/4/2022

NAP

Fee

NAP

1.28

Property

161-175 Gibraltar Road

1.4%

161-175 Gibraltar Road

Horsham

Montgomery

19044

Industrial

R&D/Flex

1977

NAP

49,732

5,765,322

853,446

229,584

623,861

9/30/2022

T-12

838,532

222,967

615,566

12/31/2021

T-12

812,479

199,661

612,818

12/31/2020

T-12

100.0%

904,382

247,392

656,990

7,460

649,530

11,700,000

As Is

12/19/2022

100.0%

12/31/2022

Yes

Oppenheimer Precision

49,732

100.0%

8/31/2026

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.29

Property

9002-9036 Brittany Way

1.4%

9002-9036 Brittany Way

Tampa

Hillsborough

33614

Industrial

R&D/Flex

2004

NAP

59,080

5,765,322

857,809

236,408

621,401

9/30/2022

T-12

851,230

239,050

612,180

12/31/2021

T-12

816,500

207,542

608,959

12/31/2020

T-12

100.0%

894,527

239,219

655,308

8,862

646,446

11,700,000

As Is

12/13/2022

100.0%

12/31/2022

The School Board of Hillsborough County

44,197

74.8%

11/31/2031

United Secutity Alliance, Inc.

8,595

14.5%

2/28/2025

Weekley Homes, LLC

3,232

5.5%

12/31/2023

Ares Holdings, LLC dba CMS/Nextech

3,056

5.2%

1/31/2027

NAP

10/12/2022

NAP

11/10/2022

NAP

Fee

NAP

1.30

Property

4303 E Cotton Center Blvd

1.4%

4303 E Cotton Center Boulevard

Phoenix

Maricopa

85040

Industrial

R&D/Flex

2001

NAP

64,000

5,666,769

880,738

412,218

468,521

9/30/2022

T-12

849,029

401,138

447,890

12/31/2021

T-12

625,061

400,874

224,187

12/31/2020

T-12

94.5%

1,099,855

410,213

689,642

9,600

680,042

11,500,000

As Is

12/13/2022

94.5%

12/31/2022

Yes

O'Neil Printing, Inc.

60,462

94.5%

5/31/2030

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.31

Property

901-933 US Highway 301S

1.4%

901-933 US Highway 301S

Tampa

Hillsborough

33614

Industrial

R&D/Flex

2000

NAP

65,200

5,543,579

959,018

323,287

635,731

9/30/2022

T-12

1,073,095

330,266

742,829

12/31/2021

T-12

1,092,265

306,967

785,298

12/31/2020

T-12

100.0%

1,116,616

308,000

808,616

9,780

798,836

11,250,000

As Is

12/13/2022

100.0%

12/31/2022

Capital Machine Technologies

13,600

20.9%

10/31/2026

General Services Administration

12,125

18.6%

12/31/2027

B&B Corporate Holdings, Inc.

11,475

17.6%

2/28/2027

Trident Southeast, LLC

7,600

11.7%

3/31/2029

Coastal Green Energy Solutions, LLC

6,000

9.2%

4/30/2027

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.32

Property

5715 Old Shakopee Road

1.3%

5715 Old Shakopee Road

Bloomington

Hennepin

85040

Industrial

R&D/Flex

2001

NAP

63,463

5,371,112

1,149,857

402,907

746,950

9/30/2022

T-12

1,109,161

378,415

730,746

12/31/2021

T-12

1,090,721

382,233

708,488

12/31/2020

T-12

100.0%

1,181,430

407,528

773,902

9,519

764,382

10,900,000

As Is

12/16/2022

100.0%

12/31/2022

NCS Pearson, Inc.

51,770

81.6%

5/31/2027

The Cameron-Ehlen Group, Inc.

11,693

18.4%

2/28/2023

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.33

Property

102 Rock Road

1.3%

102 Rock Road

Horsham

Montgomery

19044

Industrial

R&D/Flex

1985

2003

40,472

5,124,731

790,539

166,515

624,025

9/30/2022

T-12

770,367

160,140

610,227

12/31/2021

T-12

749,608

150,169

599,439

12/31/2020

T-12

100.0%

852,260

179,020

673,239

6,071

667,169

10,400,000

As Is

12/20/2022

100.0%

12/31/2022

Yes

Auxilium Pharmaceuticals

40,472

100.0%

7/31/2028

NAP

10/14/2022

NAP

11/10/2022

NAP

Fee

NAP

��

NAP

1.34

Property

201-223 Witmer Road

1.3%

201-223 Witmer Road

Horsham

Montgomery

19044

Industrial

R&D/Flex

1972

NAP

60,000

5,124,731

700,036

327,980

372,056

9/30/2022

T-12

628,375

304,529

323,847

12/31/2021

T-12

460,651

259,127

201,523

12/31/2020

T-12

61.3%

664,251

291,982

372,268

9,000

363,268

10,400,000

As Is

12/20/2022

61.3%

12/31/2022

Eurofins SF Analytical, Inc.

13,284

22.1%

6/30/2026 (6,757 SF); 3/31/2024 (6,527 SF)

Biocoat

8,525

14.2%

6/30/2027

KABA Fusion

5,000

8.3%

9/30/2026

American Additive Manufacturing, LLC

5,000

8.3%

7/31/2023

Len The Plumber, LLC

5,000

8.3%

8/31/2025

10/14/2022

NAP

11/10/2022

NAP

Fee

NAP

1.35

Property

7920 Woodland Ctr Blvd

1.3%

7920 Woodland Center Boulevard

Tampa

Hillsborough

33614

Industrial

R&D/Flex

1995

NAP

52,627

5,075,454

1,126,249

244,217

882,032

9/30/2022

T-12

1,074,423

217,745

856,678

12/31/2021

T-12

1,047,382

210,591

836,791

12/31/2020

T-12

100.0%

1,160,304

245,846

914,458

7,894

906,564

10,300,000

As Is

12/12/2022

100.0%

12/31/2022

Physician Business Services, LLC

31,414

59.7%

3/31/2024

Sprintcom, Inc.

21,213

40.3%

10/31/2024

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.36

Property

501 US Highway 301 South

1.3%

501 US Highway 301 South

Tampa

Hillsborough

33614

Industrial

R&D/Flex

2005

NAP

59,080

5,050,816

973,320

266,521

706,799

9/30/2022

T-12

946,966

256,014

690,952

12/31/2021

T-12

901,164

242,235

658,929

12/31/2020

T-12

100.0%

998,457

246,406

752,052

8,862

743,190

10,250,000

As Is

12/13/2022

100.0%

12/31/2022

Metro PCS Florida, LLC

12,380

21.0%

3/31/2025

Paetec Communications, LLC

9,073

15.4%

11/30/2025

Geutebruck USA, Inc.

8,064

13.6%

1/31/2027

Miller Bearings, Inc.

7,210

12.2%

11/30/2024

Marcone Appliance Parts Co.

6,905

11.7%

12/31/2027

10/12/2022

NAP

11/10/2022

NAP

Fee

NAP

1.37

Property

27-43 Great Valley Parkway

1.3%

27-43 Great Valley Parkway

Malvern

Chester

19355

Industrial

R&D/Flex

1978

NAP

60,623

5,026,178

776,931

220,902

556,029

9/30/2022

T-12

733,277

211,491

521,786

12/31/2021

T-12

672,632

183,914

488,719

12/31/2020

T-12

100.0%

796,754

228,561

568,193

9,093

559,099

10,200,000

As Is

12/19/2022

100.0%

12/31/2022

Yes

Havpak, Inc.

60,623

100.0%

6/30/2026

NAP

10/17/2022

NAP

11/9/2022

NAP

Fee

NAP

1.38

Property

4405 E Cotton Center Blvd

1.2%

4405 East Cotton Center Boulevard

Phoenix

Maricopa

85040

Industrial

R&D/Flex

2001

NAP

54,551

4,976,902

599,630

241,806

357,824

9/30/2022

T-12

1,030,617

375,281

655,336

12/31/2021

T-12

982,306

340,810

641,495

12/31/2020

T-12

57.1%

624,719

250,668

374,050

8,400

365,650

10,100,000

As Is

12/13/2022

57.0%

12/31/2022

Yes

Midland Credit Management, Inc.

31,096

57.0%

5/31/2030

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.39

Property

10801 Nesbitt Avenue South

1.2%

10801 Nesbitt Avenue South

Bloomington

Hennepin

85040

Industrial

R&D/Flex

2001

NAP

56,000

4,976,902

1,025,134

358,002

667,132

9/30/2022

T-12

829,618

223,178

606,440

12/31/2021

T-12

938,846

213,390

725,456

12/31/2020

T-12

100.0%

1,067,360

380,472

686,888

8,183

678,706

10,100,000

As Is

12/16/2022

100.0%

12/31/2022

Yes

Tornier, Inc.

56,000

100.0%

4/30/2028

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.40

Property

181-187 Gibraltar Road

1.2%

181-187 Gibraltar Road

Horsham

Montgomery

19044

Industrial

R&D/Flex

1982

NAP

48,870

4,829,073

1,063,586

456,314

607,272

9/30/2022

T-12

755,882

173,486

582,397

12/31/2021

T-12

646,367

170,831

475,536

12/31/2020

T-12

100.0%

1,128,174

514,071

614,103

9,030

605,073

9,800,000

As Is

12/20/2022

100.0%

12/31/2022

Yes

Veeco

48,870

100.0%

12/31/2024

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.41

Property

111 Kelsey Lane

1.2%

111 Kelsey Lane

Tampa

Hillsborough

33619

Industrial

R&D/Flex

1990

NAP

60,200

4,829,073

810,217

188,611

621,606

9/30/2022

T-12

1,076,928

474,681

602,247

12/31/2021

T-12

1,046,194

458,795

587,399

12/31/2020

T-12

100.0%

900,107

196,226

703,881

7,331

696,551

9,800,000

As Is

12/13/2022

100.0%

12/31/2022

LifePath Hospice Inc.

18,060

30.0%

2/28/2027

S&ME. Inc.

12,040

20.0%

6/30/2023

Bettr Homes of Florida, LLC

12,040

20.0%

4/30/2026

JL Marine Systems, Inc.

12,040

20.0%

4/30/2027

NIC4, Inc.

6,020

10.0%

10/31/2024

10/12/2022

NAP

11/10/2022

NAP

Fee

NAP

1.42

Property

9801 South 51st Street

1.2%

9801 South 51st Street

Phoenix

Maricopa

85040

Industrial

R&D/Flex

1997

NAP

71,550

4,681,244

578,840

279,651

299,188

9/30/2022

T-12

555,748

292,220

263,528

12/31/2021

T-12

1,752,311

298,013

1,454,298

12/31/2020

T-12

0.0%

273,477

(273,477)

10,733

(284,209)

9,500,000

As Is

12/13/2022

0.0%

12/31/2022

NAP

10/12/2022

NAP

11/10/2022

NAP

Fee

NAP

1.43

Property

103-109 Gibraltar Road

1.1%

103-109 Gibraltar Road

Horsham

Montgomery

19044

Industrial

R&D/Flex

1977

NAP

42,000

4,434,863

606,241

199,908

406,333

9/30/2022

T-12

675,555

139,604

535,951

12/31/2021

T-12

663,932

137,191

526,741

12/31/2020

T-12

100.0%

725,630

221,441

504,189

5,319

498,870

9,000,000

As Is

12/19/2022

100.0%

12/31/2022

CRF, Inc.

18,000

42.9%

9/30/2030

Pepperidge Farm

18,000

42.9%

5/31/2027

VHMI, LLC

6,000

14.3%

3/31/2029

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.44

Property

4415 E Cotton Center Blvd

1.1%

4415 East Cotton Center Boulevard

Phoenix

Maricopa

85040

Industrial

R&D/Flex

2001

2021

35,463

4,434,863

731,221

176,988

554,234

9/30/2022

T-12

578,951

236,040

342,911

12/31/2021

T-12

338,964

205,510

133,454

12/31/2020

T-12

100.0%

716,707

159,203

557,505

6,300

551,205

9,000,000

As Is

12/13/2022

100.0%

12/31/2022

Yes

Caris MPI, Inc.

35,463

100.0%

7/31/2026

NAP

10/12/2022

NAP

11/10/2022

NAP

Fee

NAP

1.45

Property

508 Lapp Rd

1.1%

508 Lapp Road

Malvern

Chester

19355

Industrial

R&D/Flex

1984

NAP

50,200

4,385,587

644,034

147,147

496,887

9/30/2022

T-12

654,607

169,616

484,991

12/31/2021

T-12

603,356

147,568

455,788

12/31/2020

T-12

100.0%

702,562

179,393

523,168

7,530

515,638

8,900,000

As Is

12/19/2022

100.0%

12/31/2022

Yes

Oxicool, Inc.

50,200

100.0%

3/31/2028

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.46

Property

8102-42 Woodland Ctr Blvd

1.0%

8102-42 Woodland Center Boulevard

Tampa

Hillsborough

33614

Industrial

R&D/Flex

1995

2017

39,155

4,188,482

759,507

202,775

556,733

9/30/2022

T-12

730,061

183,622

546,438

12/31/2021

T-12

733,443

200,488

532,955

12/31/2020

T-12

100.0%

770,195

211,013

559,181

5,873

553,308

8,500,000

As Is

12/12/2022

100.0%

12/31/2022

Yes

Refresco Beverages US Inc.

39,155

100.0%

12/31/2027

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.47

Property

8900-34 Brittany Way

1.0%

8900-34 Brittany Way

Tampa

Hillsborough

33614

Industrial

R&D/Flex

2005

NAP

48,000

4,163,844

736,974

229,624

507,350

9/30/2022

T-12

692,955

136,673

556,282

12/31/2021

T-12

660,581

120,620

539,960

12/31/2020

T-12

100.0%

796,316

221,404

574,913

5,873

569,039

8,450,000

As Is

12/13/2022

100.0%

12/31/2022

Senior Connection Center, Inc.

17,491

36.4%

6/30/2027

Kitchen Resource Direct LLC

16,092

33.5%

8/31/2023

Safe Fire Protection, Inc.

5,632

11.7%

9/30/2023

Lawnline Marketing, Inc.

4,551

9.5%

7/31/2024

RTS Holdings, LLC & R1 Holdings, LLC

4,234

8.8%

9/30/2024

10/12/2022

NAP

11/10/2022

NAP

Fee

NAP

1.48

Property

8202 Woodland Ctr Blvd

1.0%

8202 Woodland Center Boulevard

Tampa

Hillsborough

33614

Industrial

R&D/Flex

1996

NAP

39,155

4,163,844

739,762

171,804

567,958

9/30/2022

T-12

684,896

226,304

458,592

12/31/2021

T-12

679,433

188,044

491,389

12/31/2020

T-12

100.0%

737,132

153,140

583,992

7,200

576,792

8,450,000

As Is

12/12/2022

100.0%

12/31/2022

Yes

MCIMetro Access Transmission Services

39,155

100.0%

5/31/2027

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.49

Property

7802-50 Woodland Ctr Blvd

1.0%

7802-50 Woodland Center Boulevard

Tampa

Hillsborough

33614

Industrial

R&D/Flex

1998

NAP

44,350

4,040,653

983,043

269,470

713,573

9/30/2022

T-12

899,446

204,303

695,143

12/31/2021

T-12

885,887

209,519

676,369

12/31/2020

T-12

100.0%

961,986

226,411

735,575

6,653

728,923

8,200,000

As Is

12/12/2022

100.0%

12/31/2022

Webstaurant Store, Inc.

34,545

77.9%

10/31/2024

RLS USA, Inc.

6,845

15.4%

1/31/2027

Pharmax Specialty Pharmacy, Inc.

2,960

6.7%

9/30/2023

NAP

10/13/2022

NAP

11/3/2022

NAP

Fee

NAP

1.50

Property

150-182 Kelsey Lane

1.0%

150-182 Kelsey Lane

Tampa

Hillsborough

33619

Industrial

R&D/Flex

2006

NAP

54,400

3,991,377

(2,171)

223,892

(226,064)

9/30/2022

T-12

781,936

265,672

516,264

12/31/2021

T-12

282,327

269,732

12,595

12/31/2020

T-12

0.0%

238,477

(238,477)

5,909

(244,385)

8,100,000

As Is

12/13/2022

0.0%

12/31/2022

NAP

10/12/2022

NAP

11/10/2022

NAP

Fee

NAP

1.51

Property

7695-7699 Anagram Drive

1.0%

7695-7699 Anagram Drive

Eden Prairie

Hennepin

85040

Industrial

R&D/Flex

1997

NAP

39,390

3,991,377

796,574

268,956

527,618

9/30/2022

T-12

476,486

242,211

234,275

12/31/2021

T-12

1,075,025

204,815

870,210

12/31/2020

T-12

100.0%

859,391

291,337

568,054

8,160

559,894

8,100,000

As Is

12/16/2022

100.0%

12/31/2022

Yes

Activision Publishing, Inc.

39,390

100.0%

12/31/2023

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.52

Property

7852-98 Woodland Ctr Blvd

1.0%

7852-98 Woodland Center Boulevard

Tampa

Hillsborough

33614

Industrial

R&D/Flex

1998

NAP

44,350

3,818,910

964,173

325,967

638,206

9/30/2022

T-12

964,410

299,612

664,798

12/31/2021

T-12

955,818

285,625

670,193

12/31/2020

T-12

32.5%

311,670

215,797

95,873

6,653

89,221

7,750,000

As Is

12/12/2022

32.3%

12/31/2022

Front Burner Brands, Inc.

10,239

23.1%

12/31/2026

Rand Worldwide, Inc.

4,103

9.3%

3/31/2024

NAP

10/13/2022

NAP

11/3/2022

NAP

Fee

NAP

1.53

Property

101-111 Rock Road

0.9%

101-111 Rock Road

Horsham

Montgomery

19044

Industrial

R&D/Flex

1975

1990

37,884

3,695,719

696,583

192,884

503,699

9/30/2022

T-12

734,219

221,069

513,151

12/31/2021

T-12

638,466

214,200

424,266

12/31/2020

T-12

100.0%

748,367

217,794

530,573

5,683

524,891

7,500,000

As Is

12/20/2022

100.0%

12/31/2022

MobilexUSA

20,260

53.5%

1/31/2025

Mentholatum Company

17,624

46.5%

4/30/2026

NAP

10/14/2022

NAP

11/10/2022

NAP

Fee

NAP

1.54

Property

4550 S 44th Street

0.9%

4550 S 44th Street

Phoenix

Maricopa

85040

Industrial

R&D/Flex

2008

NAP

54,489

3,646,443

718,217

265,739

452,477

9/30/2022

T-12

661,782

208,109

453,673

12/31/2021

T-12

741,838

230,761

511,077

12/31/2020

T-12

0.0%

251,521

(251,521)

6,807

(258,329)

7,400,000

As Is

12/13/2022

0.0%

12/31/2022

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.55

Property

8152-8198 Woodland Ctr Blvd

0.9%

8152-8198 Woodland Center Boulevard

Tampa

Hillsborough

33614

Industrial

R&D/Flex

1988

NAP

45,382

3,646,443

715,512

235,689

479,823

9/30/2022

T-12

1,044,522

245,659

798,864

12/31/2021

T-12

960,847

247,238

713,609

12/31/2020

T-12

87.4%

771,878

236,460

535,417

8,173

527,244

7,400,000

As Is

12/12/2022

91.5%

12/31/2022

Leading Edge Administrators, LLC

9,620

21.2%

3/31/2026

Project Brilliance, LLC

7,645

16.8%

4/30/2029

Stymco Technologies, LLC

7,600

16.7%

8/31/2025

Healthbridge Medical, Inc.

4,064

9.0%

Various

Farmore Marketing, Inc.

2,400

5.3%

11/30/2024

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.56

Property

113-123 Rock Road

0.9%

113-123 Rock Road

Horsham

Montgomery

19044

Industrial

R&D/Flex

1975

1990

37,500

3,547,890

521,816

155,506

366,310

9/30/2022

T-12

507,247

155,886

351,361

12/31/2021

T-12

488,033

156,683

331,351

12/31/2020

T-12

100.0%

576,701

164,890

411,811

5,625

406,186

7,200,000

As Is

12/20/2022

100.0%

12/31/2022

Yes

Biocoat

37,500

100.0%

8/31/2025

NAP

10/14/2022

NAP

11/10/2022

NAP

Fee

NAP

1.57

Property

123-135 Rock Road

0.9%

123-135 Rock Road

Horsham

Montgomery

19044

Industrial

R&D/Flex

1975

1990

37,500

3,498,614

726,117

216,654

509,463

9/30/2022

T-12

698,236

220,911

477,326

12/31/2021

T-12

634,571

185,623

448,948

12/31/2020

T-12

100.0%

766,677

223,314

543,362

5,625

537,737

7,100,000

As Is

12/20/2022

100.0%

12/31/2022

Materials Sciences Corp

21,952

58.5%

10/31/2024

Schneider Electric

15,548

41.5%

1/31/2028

NAP

10/14/2022

NAP

11/10/2022

NAP

Fee

NAP

1.58

Property

4207 E Cotton Center Blvd

0.8%

4207 East Cotton Center Boulevard

Phoenix

Maricopa

85040

Industrial

R&D/Flex

2006

NAP

24,900

3,202,957

569,894

120,388

449,506

9/30/2022

T-12

567,734

126,360

441,375

12/31/2021

T-12

585,317

113,342

471,976

12/31/2020

T-12

100.0%

648,854

142,596

506,258

3,735

502,523

6,500,000

As Is

12/13/2022

100.0%

12/31/2022

Yes

Miraca Life Sciences, Inc.

24,900

100.0%

11/30/2025

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.59

Property

277-293 Great Valley Parkway

0.8%

277-293 Great Valley Parkway

Malvern

Chester

19355

Industrial

R&D/Flex

1985

NAP

28,800

3,055,128

515,086

128,820

386,266

9/30/2022

T-12

493,139

126,394

366,745

12/31/2021

T-12

483,526

127,650

355,876

12/31/2020

T-12

100.0%

546,849

133,583

413,266

4,320

408,946

6,200,000

As Is

12/19/2022

100.0%

12/31/2022

Vector Biosystems, Inc.

12,595

43.7%

12/31/2029

Reaction Biology Corporation

4,500

15.6%

7/31/2024

CAMBI Inc

4,500

15.6%

9/30/2026

RPI Property Group, Inc.

3,605

12.5%

4/30/2025

Excelitas

3,600

12.5%

3/31/2024

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.60

Property

5735 Old Shakopee Road

0.8%

5735 Old Shakopee Road

Bloomington

Hennepin

85040

Industrial

R&D/Flex

2001

NAP

63,463

3,005,852

345,662

300,528

45,133

9/30/2022

T-12

373,037

276,586

96,451

12/31/2021

T-12

501,452

242,279

259,173

12/31/2020

T-12

50.5%

387,949

272,260

115,689

9,519

106,170

6,100,000

As Is

12/16/2022

50.3%

12/31/2022

TDX Companies, LLC

26,916

42.4%

10/31/2027

The Cameron-Ehlen Group, Inc.

5,000

7.9%

MTM

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.61

Property

4435 E Cotton Center Blvd

0.7%

4435 E Cotton Center Boulevard

Phoenix

Maricopa

85040

Industrial

R&D/Flex

2007

NAP

25,505

2,759,470

186,018

(186,018)

9/30/2022

T-12

187,306

(187,306)

12/31/2021

T-12

170,688

(170,641)

12/31/2020

T-12

0.0%

169,750

(169,750)

3,826

(173,575)

5,600,000

As Is

12/13/2022

0.0%

12/31/2022

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.62

Property

206-34 Kelsey Lane

0.7%

206-34 Kelsey Lane

Tampa

Hillsborough

33634

Industrial

R&D/Flex

2006

NAP

45,600

2,710,194

215

179,806

(179,591)

9/30/2022

T-12

162,096

197,702

(35,607)

12/31/2021

T-12

311,335

147,238

164,097

12/31/2020

T-12

0.0%

166

194,243

(194,077)

6,840

(200,917)

5,500,000

As Is

12/13/2022

0.0%

12/31/2022

NAP

10/12/2022

NAP

11/10/2022

NAP

Fee

NAP

1.63

Property

9001-9015 Brittany Way

0.6%

9001-9015 Brittany Way

Tampa

Hillsborough

33614

Industrial

R&D/Flex

2000

NAP

30,000

2,587,003

454,938

125,694

329,244

9/30/2022

T-12

417,708

176,758

240,950

12/31/2021

T-12

417,359

106,642

310,716

12/31/2020

T-12

100.0%

541,185

138,387

402,798

4,500

398,298

5,250,000

As Is

12/13/2022

100.0%

12/31/2022

Choice Employer Solutions Inc.

17,246

57.5%

11/30/2025

Schneider Electric

7,500

25.0%

6/30/2026

Grey Birch Manufacturing Company, Inc.

5,254

17.5%

11/30/2025

NAP

10/12/2022

NAP

11/10/2022

NAP

Fee

NAP

1.64

Property

510 Lapp Rd

0.6%

510 Lapp Road

Malvern

Chester

19355

Industrial

R&D/Flex

1983

NAP

27,167

2,365,260

254,060

47,654

206,406

9/30/2022

T-12

249,379

47,732

201,647

12/31/2021

T-12

245,536

41,886

203,650

12/31/2020

T-12

100.0%

253,665

51,666

201,999

4,075

197,924

4,800,000

As Is

12/19/2022

100.0%

12/31/2022

Yes

Trugreen Limited Partnership

27,167

100.0%

1/31/2025

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.65

Property

425 Technology Drive

0.6%

425 Technology Drive

Malvern

Chester

19355

Industrial

R&D/Flex

1997

NAP

22,407

2,315,984

441,073

135,446

305,627

9/30/2022

T-12

447,774

145,193

302,581

12/31/2021

T-12

426,749

134,604

292,144

12/31/2020

T-12

100.0%

460,839

145,382

315,457

3,361

312,096

4,700,000

As Is

12/19/2022

100.0%

12/31/2022

FCA US LLC

15,927

71.1%

12/31/2025

Devine Care, Inc.

6,480

28.9%

2/29/2024

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.66

Property

300 Technology Drive

0.6%

300 Technology Drive

Malvern

Chester

19355

Industrial

R&D/Flex

1985

2014

22,500

2,217,431

184,758

69,734

115,024

9/30/2022

T-12

326,493

78,290

248,203

12/31/2021

T-12

312,680

69,123

243,557

12/31/2020

T-12

100.0%

362,782

84,189

278,592

3,375

275,217

4,500,000

As Is

12/19/2022

100.0%

12/31/2022

Yes

Clinigen Clinical Supplies Management, Inc.

22,500

100.0%

9/30/2032

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.67

Property

75 Great Valley Parkway

0.3%

75 Great Valley Parkway

Malvern

Chester

19355

Industrial

R&D/Flex

1977

NAP

11,600

1,330,459

164,453

22,162

142,291

9/30/2022

T-12

161,203

23,233

137,970

12/31/2021

T-12

156,116

20,976

135,140

12/31/2020

T-12

100.0%

164,596

26,356

138,240

1,740

136,500

2,700,000

As Is

12/19/2022

100.0%

12/31/2022

Yes

Marken, LLP

11,600

100.0%

2/28/2026

NAP

10/13/2022

NAP

11/9/2022

NAP

Fee

NAP

1.68

Property

7624 Bald Cypress Place

0.3%

7624 Bald Cypress Place

Tampa

Hillsborough

33614

Industrial

R&D/Flex

2003

2022

15,035

1,281,183

222,915

76,578

146,336

9/30/2022

T-12

37,318

68,877

(31,560)

12/31/2021

T-12

(399)

73,428

(73,827)

12/31/2020

T-12

100.0%

282,113

86,322

195,791

2,255

193,536

2,600,000

As Is

12/12/2022

100.0%

12/31/2022

Yes

Spectrio, LLC & MSM Acquisitions, Inc.

15,035

100.0%

9/30/2026

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

1.69

Property

30 Great Valley Parkway

0.3%

30 Great Valley Parkway

Malvern

Chester

19355

Industrial

R&D/Flex

1975

NAP

12,000

1,034,801

150,735

40,615

110,121

9/30/2022

T-12

153,666

50,250

103,416

12/31/2021

T-12

135,876

39,720

96,156

12/31/2020

T-12

100.0%

163,260

50,206

113,054

1,800

111,254

2,100,000

As Is

12/19/2022

100.0%

12/31/2022

Yes

Havpak, Inc.

12,000

100.0%

6/30/2026

NAP

10/13/2022

NAP

11/10/2022

NAP

Fee

NAP

BBCMS Mortgage Trust 2023-C19 FWPFree writing prospectus