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 amenitised mixed-use location that is walking distance away from multiple Metrorail stations and provides easy access to highways for suburban car commuters. Penn 1750 Pennsylvania Avenue NW, Washington, D.C. Top Three Tenants by GRI (%) Lease Expiry Profile by NLA (%) 15.9 15.5 15.5 2023 2024 2025 8.9 8.6 8.5 2023 2024 2025 47.2 0.0 52.8 0.0 0.0 0.0 2026 2028 2029 2030 2031 & Beyond 2027 Freehold 1964 22 June 2018 US$182.0 million (US$646 psf) 2.3 years 6 Land Tenure Building Completion Acquisition Date Purchase Price WALE by NLA No. of Tenants 47.2 United Nations Foundation 42.9 US Treasury 5.5 Board of Regents of the University of Texas Occupancy 84.9 % Valuation US$ 79.8 m NLA 278,063 SQ FT Gross Revenue (US$ million) NPI (US$ million) / 33 / MANULIFE US REIT
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