Manulife US REIT - Annual Report 2021

ANNUAL REPORT 2021 39 Exchange is a 30-storey Class A office building located along the Hudson River in Jersey City, New Jersey. The property offers unobstructed views of the Manhattan skyline, convenient access to New York City via an adjacent subway station and nearby water ferry terminal, and an attached car park with 467 lots. TOP THREE TENANTS BY GRI (%) 18.0 Amazon Corp 14.6 ACE American 11.7 Rabo Support Services Exchange 10 Exchange Place, Jersey City, NJ Land Tenure Freehold Building Completion 1988 Acquisition Date 31 October 2017 Purchase Price US$315.1 million (US$431 psf) WALE by NLA 4.9 years No. of Tenants 24 Class A Gross Revenue (US$ million) 29.1 2021 31.4 2020 32.1 2019 Net Property Income (US$ million) 17.9 2021 18.9 2020 21.0 2019 Lease Expiry Profile by NLA (%) 39.3 2027 & Beyond 0.0 2023 25.0 2025 18.7 2026 0.7 2024 16.2 2022 Note: Amounts may not sum up to 100.0% due to rounding. Occupancy 97.7 % Valuation US$ 324.0 M NLA 737,207 SQ FT