Manulife US REIT - Annual Report 2021

MANULIFE US REIT 44 TOP THREE TENANTS BY GRI (%) 41.9 United Nations Foundation 41.3 US Treasury 4.9 Board of Regents of the University of Texas Penn is a 13-storey Class A office building located a block away from the White House in Washington, D.C., and in close proximity to the International Monetary Fund, the World Bank and the Federal Reserve. The Property is located within a highly amenitisedmixed-use location that is walking distance away frommultiple Metrorail stations and provides easy access to highways for suburban car commuters. Penn 1750 Pennsylvania Avenue NW, Washington, D.C. Occupancy 93.8 % Valuation US$ 177.3 M NLA 278,063 SQ FT Land Tenure Freehold Building Completion 1964 Acquisition Date 22 June 2018 Purchase Price US$182.0 million (US$656 psf) WALE by NLA 4.9 years No. of Tenants 9 Class A Portfolio Overview Lease Expiry Profile by NLA (%) Gross Revenue (US$ million) Net Property Income (US$ million) 16.3 2021 9.8 2021 17.0 2020 10.2 2020 17.4 2019 10.2 2019 42.6 2027 & Beyond 0.0 2023 46.1 2025 2.2 2026 6.0 2024 3.1 2022