Investor Presentaiton

INVESTING IN LEADING SUN BELT MARKETS ATTRACTIVE MARKET CHARACTERISTICS NATION-LEADING OFFICE DEMAND DRIVERS (1) US Gateway CIO Top-5 Overall Markets Markets CITY OFFICE REIT TALENT POOL Educated workforces STEM and creative sector growth • University proximity ⚫ Diversity of ages and backgrounds • Sustained population growth Phoenix Raleigh Dallas Tampa Denver 2010-present 7.4% 7.1% 18.3% 15.6% 25.1% 20.0% 14.1% 16.5% population growth 20-29 growth rate 4.7% 5.5% 15.8% 16.6% 17.4% 16.3% 10.7% 18.0% Bachelor's degree 33.1% 45.4% 38.2% 31.1% 48.0% 36.3% 31.6% 43.9% GROWTH MARKETS 5 yr rent growth (%) 19.2% 17.2% 25.5% 16.8% 32.9% 22.3% 28.0% 27.4% AFFORDABILITY • Tax advantages ⚫ Low cost of doing business • Affordable housing ⚫ Urban living experience • Transportation ease • Warmer climate QUALITY OF LIFE Under construction (% of inventory) 2.2% 2.6% 1.7% 1.2% 4.5% 1.4% 0.5% 0.8% • Amenities and culture, 2021 NET MIGRATION FAVORS SOUTH AND WEST (2) 3* * Highest growth states Balanced Inbound Outbound Indicates superior to US Overall PORTFOLIO LOCATED IN DESIRABLE SUBMARKETS ☐ Phoenix: Downtown, Scottsdale, Tempe, Camelback Corridor, Chandler ☐ Raleigh: Downtown - Glenwood South . Tampa: Downtown Tampa, Downtown St. Petersburg ☐ Dallas: Preston Center, Uptown ☐ Denver: Denver Technology Center, Northwest Corridor ☐ L ப Orlando: Downtown Orlando, Florida Research Park San Diego: Mission Valley Seattle: Eastside / Bothell ☐ Portland: Sunset Corridor (1) Source: JLL, as of January 2022. Gateway markets represent New York, NY, Boston, MA, Chicago, IL, Los Angeles, CA, San Francisco, CA and Washington, D.C. (2) Source: U.S. Census Bureau, net change in state population between July 1, 2020 and July 1, 2021. Map shows top ten states for both positive and negative net migration 5

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