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.

$4.7B

Total enterprise value

80

Properties

77%/23%

Office / Industrial

$249M

In-place annual rent

95.2%

Portfolio Occupancy

7.1 Yrs

WALT

63.7%

IG Tenants BBB Avg. Rating

2.0%

Average Annual Escalations

Representative Tenants.

Rent Growth

Rent Growth

% of ABR

Wtd. Avg. Annual Growth Rate

Annually

86.3%

2.2%

Every 5 Years

9.0%

1.2%

Other Frequencies

3.3%

2.5%

No Escalations

1.4%

-

Portfolio Total/Weighted Average

100%

2.0%

Top 10 Tenants

Top Tenants

Rating

% of ABR

WALT

Amazon.com Inc.

AA

6.6

9.4

Keurig Dr. Pepper, Inc.

BBB

4.6

7.2

Wood Group USA, Inc.

HY5

4.1

3.3

Southern Company Services, Inc.

BBB+

3.7

21.6

LPL Holdings, Inc.

BB+

3.4

14.2

Freeport Minerals Corporation

Baa2

3.2

4.7

DigitalGlobe, Inc.

B

3.1

7.8

RH

IG10

2.9

8.0

Wyndham Hotel Group, LLC

BB-

2.9

7.0

American Express

A2

2.5

4.8

Top 10 Total/Average Lease Term

36.9

9.0

Investment Grade Rating

Investment Grade Rating

% of ABR

Tenant

33.7%

Guarantor

12.1%

Tenant/Guarantor

45.8%

Parent

17.9%

Total Investment Grade

63.7%

Tenant Profile – 78 Tenants

Average Square Footage Leased per Tenant

263,383

Average Annual Net Rent per Sq Ft - Office

$17.85

Average Annual Net Rent per Sq Ft - Industrial

$5.24

Weighted Average Credit Rating

BBB

Weighted Average Lease Term (WALT)

7.1

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)