PHIPPS 3438 Peachtree Road NE, Atlanta, GA Top Three Tenants by GRI (%) 24.3 CoStar Group 9.1 Northwestern Mutual Phipps is a 19-storey Trophy office tower constructed in 2010 by the Sponsor. It has floor-to-ceiling window walls providing tenants with views in every direction. Phipps offers various facilities to its tenants, such as a farm-to-table café, a sundry shop, a fitness centre and a conference centre. There are five levels of covered parking with 1,150 parking stalls, as well as designated electric vehicle charging stations. 53.2 The William Carter Company Occupancy 80.4 % Valuation US$ 180.2 m NLA 477,394 SQ FT Freehold 2010 22 June 2018 US$205.0 million (US$431 psf) 8.4 years 11 Land Tenure Building Completion Acquisition Date Purchase Price WALE by NLA No. of Tenants LEASE EXPIRY PROFILE BY NLA (%) GROSS REVENUE (US$ million) NET PROPERTY INCOME (US$ million) 19.6 16.6 18.2 2022 2023 2024 12.2 10.2 9.3 2022 2023 2024 0.4 10.4 0.0 0.0 89.1 0.0 2025 2027 2028 2029 2030 & Beyond 2026 ANNUAL REPORT 2024 | 37
RkJQdWJsaXNoZXIy NTkwNzg=