Investor Presentation - Medical Office Sector

KEY MARKETS - STRONG MACRO ECONOMIC TRENDS Key Market MSA Rank GLA (In Thousands) Invested % of ($MM) Invested $ Dallas | Ft. Worth 4 2,053 $844 12.1% Houston 5 1,512 $431 HTA MARKETS U.S. AVG 6.2% Boston 10 1,037 $411 5.9% Tampa 18 943 $348 5.0% Atlanta 9 1,088 $325 4.7% Baby Boomer Population Growth 4.0%✓ 3.4% 60bps Higher Growth Indianapolis 33 1,396 $282 4.1% Hartford | New Haven 47/64 953 $269 3.9% Median HHI Growth 3.6%✓ 3.4% Phoenix 12 1,315 $268 3.9% 20bps Higher Growth Denver 21 538 $247 3.6% Orange County | L.A. 2 513 $241 3.5% 20bps Miami 8 996 $224 3.2% Unemployment 4.3% ✓ 4.5% Lower Unemployment Chicago 22 382 $191 2.7% Raleigh, NC 46 608 $186 2.7% Albany 61 881 $179 2.6% Bachelor's Degree 19.4% ✓ 18.4% 100bps More per Capita Greenville 64 965 $179 2.6% Austin 35 408 $164 2.4% Orlando 14 510 $156 2.3% Master's Degree Pittsburgh 22 1,094 $149 2.1% 8.2%✓ 7.9% 30bps More per Capita New York MSA 1 333 $126 1.8% Milwaukee 54 368 $116 1.7% Real GDP Growth Top 20 MSA's 17,893 $5,335 76.9% 17.2% ✓ 16.4% 80bps Higher Growth Other Top 75 MSA's 4,404 $1,145 16.4% Top 75 MSA's 22,297 $6,480 93.3% Investor Presentation | January 2018 PAGE 18

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