Manulife US REIT - Annual Report 2020

Active development pipeline Building Developer Spec/BTS Completion Size (s.f.) Anchor Atlanta (Buckhead and Midtown) Norfolk Southern HQ Cousins BTS 2021 750,000 Norfolk Southern 1105 West Peachtree Street NW Selig Speculative 2021 679,153 Google, Smith Gambrell Midtown Union Granite Speculative 2022 612,947 Invesco Atlantic Yards Hines Speculative 2021 523,511 Microsoft 712 West Peachtree Street NW Portman Speculative 2021 488,628 - 1 Phipps Plaza Simon Speculative 2021 340,000 - Los Angeles (Downtown) Herald Examiner Building Georgetown Speculative 2022 470,000 ASU Enterprise Partners New Jersey (Hudson Waterfront and the Meadowlands) The Offices at Maxwell Place Toll Brothers Speculative 2021 110,700 - Orange County (Irvine) Spectrum Terrace Irvine Company Speculative 2021 344,353 TGS Innovation Park Irvine Company Speculative 2021 296,000 - Washington, D.C. (CBD) 2100 Pennsylvania Avenue NW Boston Properties Speculative 2022 423,562 WilmerHale 2100 L Street NW Akridge Speculative 2021 188,580 Morrison & Foerster Office sales (CONT’D) Building RBA (s.f.) Sales price ($) Price ($ p.s.f.) Buyer Seller Sacramento (Overall) Park Tower 481,885 $165,000,000 $342 Prime US Hines/GEM HPE Campus 447,364 $101,500,000 $227 Dimah Stonemont Lava Ridge Business Center 138,836 $29,900,000 $215 KB Exchange Trust Barker Pacific 3010 Lava Ridge Court 139,000 $29,300,000 $211 Kingsbarn Barker Pacific 2891 Douglas Boulevard 110,791 $29,200,000 $264 Kingsbarn Barker Pacific Arena Gateway 85,153 $28,100,000 $330 New York Life Swift Washington, D.C. (CBD) 1899 Pennsylvania Avenue NW 195,545 $92,200,000 $472 MRP/Sterling Bay/GSS Paramount 1129 20 th Street 176,000 $84,800,000 $482 Monument Prologis 1301 Connecticut Avenue NW 63,400 $32,500,000 $512 Alduwaliya Shorenstein Disclaimer: Methodology JLL leverages proprietary leasing data with a blend of public, government-issued and third-party sources to produce our economic and market reports. Office inventory spans 50+ U.S. local markets and is generally limited to investment-grade assets larger than 30,000 s.f., excluding medical office and owner-occupied assets. Net absorption is recognized upon lease commencement and/or physical move-in, not lease sign date. Vacancy is recognized upon physical move-out or lease expiration date, not the time at which space is advertised for lease. All sources are deemed reliable, but in some cases, information cannot be independently verified. 51 ANNUAL REPORT 2020