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Investor Presentaiton

INVESTING IN LEADING CITIES IN THE SOUTH AND WEST CITY OFFICE REIT NATION-LEADING OFFICE DEMAND DRIVERS (1) ATTRACTIVE MARKET CHARACTERISTICS ✓ "18-hour cities" with a high-quality urban living experience ✓ Low or no state taxes in most markets Diverse employment bases with national and international employers Educated workforces Low-cost centers for businesses to operate Sound transportation infrastructure with lower congestion Strong and stable demand generators such as state capitals or university proximity PROJECTED EMPLOYMENT GROWTH 2022 - 2027 4.1% 3.8% 5.4% PROJECTED POPULATION GROWTH 2022 - 2027 3.3% 3.2% 4.4% Gateway National Markets Avg CIO Markets Gateway National Markets Avg CIO Markets 2021 NET MIGRATION FAVORS SOUTH AND WEST (2) Balanced Inbound Outbound CIO INVESTS IN DESIRABLE SUBMARKETS ☐ Phoenix: Downtown, Scottsdale, Tempe, Camelback Corridor, Chandler ☐ Tampa: Downtown Tampa, Downtown St. Petersburg 3* * Highest growth states ப ☐ Denver: Denver Technology Center, Northwest Corridor Dallas: Preston Center, Uptown ☐ ப ☐ ப ☐ ㅁ Orlando: Downtown Orlando, Florida Research Park Raleigh: Downtown - Glenwood South Portland: Sunset Corridor San Diego: Mission Valley ☐ Seattle: Eastside / Bothell (1) Source: S&P Global, as of February 1, 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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