Manulife US REIT - Annual Report 2021

ANNUAL REPORT 2021 41 TOP THREE TENANTS BY GRI (%) 25.7 Hyundai Capital America 19.0 Gibson Dunn 13.0 Jones Day Michelson is a 19-storey Trophy-quality office building located in Irvine, Orange County, California, within a mile of John Wayne International Airport. The property is surrounded by hotels, high-end residential properties, restaurants and other retail offerings. On-site amenities include a café, penthouse sky garden and a large car park with 2,744 lots. Michelson 3161 Michelson Drive, Irvine, CA Occupancy 87.2 % Valuation US$ 317.0 M NLA 533,567 SQ FT Land Tenure Freehold Building Completion 2007 Acquisition Date 19 May 2016 Purchase Price US$317.8 million (US$597 psf) WALE by NLA 5.3 years No. of Tenants 14 Trophy Lease Expiry Profile by NLA (%) Gross Revenue (US$ million) Net Property Income (US$ million) 22.8 2021 25.3 2020 27.7 2019 13.2 2021 16.0 2020 19.0 2019 58.3 2027 & Beyond 0.0 2022 0.4 2025 3.0 2026 12.2 2024 26.0 2023 Note: Amounts may not sum up to 100.0% due to rounding.