Manulife US REIT - Annual Report 2021

ANNUAL REPORT 2021 47 TOP THREE TENANTS BY GRI (%) 43.6 Kaiser Permanente 40.5 Tokyo Electron 16.0 Nike Tanasbourne is an office campus comprising three flex-office buildings. It is located in Hillsboro, a submarket of Portland, Oregon. The three buildings were recently renovated in 2015, 2017 and 2020, respectively, and are located close to a variety of shopping and food and beverage options. Tanasbourne 3175 & 3188 NE Aloclek Drive & 3300 NE 83rd Avenue, Hillsboro, OR Land Tenure Freehold Building Completion 1986 – 1995 Acquisition Date 16 December 2021 Purchase Price 2 US$33.9 million (US$255 psf) WALE by NLA 4.9 years No. of Tenants 3 Seller Tanasbourne Property, LLC Class B Occupancy 100.0 % Valuation US$ 34.4 M NLA 132,851 SQ FT Lease Expiry Profile by NLA (%) 41.0 2027 & Beyond 0.0 2024 0.0 2023 0.0 2022 37.2 2025 21.7 2026 Note: Amounts may not sum up to 100.0% due to rounding. 1 The acquisition was completed on 16 December 2021. 2 Acquired from Tanasbourne Property, LLC, Tanasbourne’s valuation was US$34.4 million as announced on 30 November 2021. JLL had valued the property based on the income capitalisation approach and the sales comparison approach. The income capitalisation approach consisted of a discounted cash flow analysis and direct capitalisation method. Gross Revenue (US$ million) Net Property Income (US$ million) 0.1 0.1 2021 1 2021 1