Income Opportunities REIT

Offices in growth cities benefit from migration Sector Highlight Non-farm employment growth from 2019 Boston: -1.5% Chicago: -1.1% New York: -3.7% San Francisco: -2.1% Denver: 1.3% Los Angeles: -2.2% Austin: 9.0% Nashville: 5.6% Raleigh-Durham: 6.9% Charlotte: 4.6% Dallas/Fort Worth: 6.4% Atlanta: 3.2% Tampa Bay St. Petersburg: 4.4% Annual growth rate of office-using employment 2015-2019 2020-Present 4.1% average growth rate (December 19-Decemeber 22) 2015-2019 2020-Present 1.1% average growth rate (December 19-Decemeber 22) 8% 6% 4% 2% 0% Austin Raleigh Dallas Nashville Atlanta Charlotte Tampa Denver Bay San Francisco Boston Chicago New York Angeles Los At December 31, 2022. Data quoted represents past performance, which is no guarantee of future results. Source: Green Street. The information presented above does not reflect the performance of any fund or other account managed or serviced by Cohen & Steers, and there is no guarantee that investors will experience the type of performance reflected above. There is no guarantee that any historical trend illustrated above will be repeated in the future, and there is no way to predict precisely when such a trend will begin. The views and opinions above are as of the date of this publication and are subject to change without notice. 19 COHEN & STEERS

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