Manulife US REIT - Annual Report 2025

Sales Transactions (2025, over $15.0 million, excludes entity-level sales) Tenant Market RBA (s.f.) Sales price ($) Price p.s.f. Buyer Seller Portfolio? 17770 Cartwright Rd Orange County 143,165 $37,600,000 $263 Pacific Tree Capital J&R Group No 18191 Von Karman Ave Orange County 127,637 $35,738,360 $280 Hyundai Motor State Street No 19600 Fairchild Rd Orange County 104,800 $34,500,000 $329 CityView TPG Real Estate No 4980 Barranca Pkwy Orange County 36,660 $24,250,000 $661 Island Vista Holdings LLC Anchor Health Props No 33 Creek Rd Orange County 53,445 $16,225,000 $304 Creek Bridge LLC Birtcher Anderson & Davis No 1231 W University Dr Phoenix $8,091,757 Reign Capital AT&T Yes 1625 Eye St NW Washington, DC 405,000 $60,500,000 $149 GreenBarn Investment Westbrook Partners No 2100 M St NW Washington, DC 290,762 $55,000,000 $189 Boston Properties AB Commercial RE Debt No 1145 19th St NW Washington, DC 128,312 $30,000,000 $234 TIAA-CREF Diversified Healthcare Trust No 1750 H St NW Washington, DC 111,510 $28,800,000 $258 Douglas Development State Farm Insurance No 1990 K St NW Washington, DC 269,000 $27,500,000 $102 StonebridgeCarras Bernstein Companies No 2033 K St NW Washington, DC 120,000 $20,284,861 $169 In-Rel Properties American Realty Advisors No 818 Connecticut Ave Washington, DC 105,212 $16,000,000 $152 Taicoon Management LLC Borger Management Inc No Methodology and Terms of Use Methodology JLL leverages proprietary leasing data with a blend of public, government-issued and third-party sources to produce our economic and market reports. Office inventory spans 50+ U.S. local markets and is generally limited to investment-grade assets larger than 30,000 s.f., excluding medical office and owner-occupied assets. Net absorption is recognized upon lease commencement and/or physical move-in, not lease sign date. Vacancy is recognized upon physical move-out or lease expiration date, not the time at which space is advertised for lease. All sources are deemed reliable, but in some cases, information cannot be independently verified. Use and Reliance This independent market report (IMR) was prepared by JLL Americas, Inc. The content of this report is for informational purposes only and should not be relied upon for professional investment advice, which should be sought from JLL independently prior to acting in reliance upon any such information. The thoughts and opinions expressed herein have been made in good faith and are believed to be reliable, but actual results may materially differ from any commentary considered forward-looking. JLL disclaims any liability with respect to any claims that may arise from any errors or omissions, or from providing such advice, opinion, judgement or information. All rights reserved. No part of this report may be reproduced or retransmitted, in any form or by any means, without prior written consent from JLL. Active Development Pipeline Tenant Market Submarket RBA (s.f.) Developer Spec/BTS Completion The Broadway Trade Center Los Angeles CBD 950,400 Waterbridge Capital LLC Spec 2026 Stanford Wholesale Mart Phase II Los Angeles CBD 60,000 Stanford Mart LP Spec 2026 Lincoln Medical Building Los Angeles CBD 47,000 Oppidan LLC Spec 2026 Rural Rd & University Dr Phoenix Tempe 165,000 Ryan Companies Spec 2026 / 49 / MANULIFE US REIT

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