Columbia Investor Day

ACQUIRING 201 CALIFORNIA STREET SAN FRANCISCO Price: Built: $239 million 1980 Rentable Square Feet: 272,000 Leased: Closing date: Opportunity 97% December 2019 • Well-located at California and Front Streets • Recently renovated but with opportunity to further enhance market position with modest capital investments Two-thirds of the space expiring over the next five years, with in-place rents 10%+ below market* Photo used courtesy of Eastdil Secured. *Based on management's estimate. 3

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