Portfolio Statistics.Net Leased. Long-Term. Diversified.
Creditworthy. Inflation-Protected. Resilient.

We own and operate a diversified portfolio of strategically-located, institutional-quality office and industrial properties subject to long-duration leases with many world-renowned companies.

Institutional Quality Portfolio of
Net-Leased Office & Industrial Properties.

$4.6B

Total enterprise value

79

Properties

76%/24%

Office / Industrial

$243M

In-place annual rent

95.1%

Portfolio Occupancy

7.0 Yrs

WALT

60%

IG Tenants BBB- Avg. Rating

2.0%

Average Annual Escalations

Representative Tenants.

Rent Growth

Rent Growth

% of ABR

Wtd. Avg. Annual Growth Rate

Annually

87.3%

2.2%

Every 5 Years

9.4%

0.6%

Other Frequencies

1.9%

4.3%

No Escalations

1.4%

-

Portfolio Total/Weighted Average

100%

2.0%

Top 10 Tenants

Top Tenants

Rating

% of ABR

WALT

Amazon.com Inc.

AA

6.7

9.1

Keurig Dr. Pepper, Inc.

BBB

4.7

7.1

Wood Group USA, Inc.

HY6

4.1

3.0

Southern Company Services, Inc.

BBB+

3.7

21.5

LPL Holdings, Inc.

BB+

3.5

14.0

Freeport Minerals Corporation

Baa2

3.2

4.6

DigitalGlobe, Inc.

B

3.1

7.8

RH

HY1

3.0

7.9

Wyndham Hotel Group, LLC

BB-

3.0

6.9

McKesson Corporation

BBB+

2.5

5.3

Top 10 Total/Average Lease Term

37.5

8.9

Investment Grade Rating

Investment Grade Rating

% of ABR

Tenant

29.0%

Guarantor

12.6%

Tenant/Guarantor

41.6%

Parent

18.3%

Total Investment Grade

59.9%

Tenant Profile – 78 Tenants

Average Square Footage Leased per Tenant

250,382

Average Annual Net Rent per Sq Ft - Office

$18.05

Average Annual Net Rent per Sq Ft - Industrial

$5.45

Weighted Average Credit Rating

BBB-

Weighted Average Lease Term (WALT)

7.0

Top 10 Industries

Industry

% of Net Rents

Capital Goods

13.1

Materials

8.1

Health Care Equipment & Services

7.8

Consumer Services

7.7

Insurance

7.4

Telecommunication Services

5.4

Diversified Financials

5.3

Technology Hardware & Equipment

5.2

Retailing

5.1

Consumer Durables & Apparel

4.9

Top 10 Total

70.0

All Others

30.0

Top 10 States (% of Net Rents)