I N V E S T M E N TS U M M A R Y

JLL has been retained as the exclusive representative to arrange the sale of the VEVA Portfolio in Blue Bell, Montgomery County, Pennsylvania (the “Portfolio”). The Portfolio is comprised of seven (7) institutional quality, Class A, office buildings totaling 420,576 square feet, offering investors with a rare opportunity to gain immediate scale in the Philadelphia office market.

The VEVA Portfolio presents an exciting opportunity to acquire a best-in-class, vibrant campus with a current occupancy of 94%. The Portfolio boasts a well-diversified and credit-worthy tenant roster including Morgan Stanley, IBM, Toll Brothers, London Life, Korman and Bayada. Recent renovations to the portfolio and unparalleled amenities have helped drive over 140,000 square feet of leasing activity in the Portfolio over the past 24 months.

The Portfolio offers investors with attractive and stable in-place cash flow along with the ability to create additional value by marking the Portfolio’s below market rents (10.3% below market) to market as tenants expire. The VEVA Portfolio is ideally situated in the heart of the region’s most influential decision makers and can be accessed by exceptional local and regional highways at the confluence of the Pennsylvania Turnpike (I-76/I-276) and the Blue Route (I-476).

OVERVIEW

PORTFOLIO OVERVIEW

1787 Sentry Parkway West 1777 Sentry Parkway West

VEVA 16 VEVA 18 VEVA 11 VEVA 12 VEVA 14 VEVA 15 VEVA 17 Totals / Wtd. Avg.

TOTAL SF: 95,638 SF 97,426 SF 22,184 SF 21,193 SF 90,327 SF 5,102 SF 88,706 SF 420,576

OCCUPANCY2: 92% 88% 100% 89% 95% 100%¹ 98% 94%

YEAR BUILT / RENOVATED: 1988 / 2016 1988 / 2016 1972 1972 / 2006 1972 / 2006 1973 1972 / 2006 -

FLOORS: 4 4 3 3 4 1 4 -

PARKING: Ratio of 4.03 / 1,000 SF

Ratio of 4.03 / 1,000 SF

Ratio of 3.55 / 1,000 SF

Ratio of 3.55 / 1,000 SF

Ratio of 3.55 / 1,000 SF

Ratio of 3.55 / 1,000 SF

Ratio of 3.55 / 1,000 SF

Ratio of 3.77 / 1,000 SF

WALT2: 3.7 years 3.8 years 5.4 years 1.9 years 3.0 years 10.9 years 4.1 years 3.8 years

AVERAGE IN-PLACE RENT: $25.78, BY + U $26.86, BY + U $22.80, BY + U $22.76, BY + U $24.85, BY + U $39.32, NNN $24.13, BY + U $24.56, BY + U

MAJOR TENANTS:USI Insurance - 34%

London Life - 14% Vitas Healthcare - 13%

IBM/Fiberlink - 37% Inventiv Health - 15% Morgan Stanley - 14%

Capital Project Management - 33%

Pinnacle ENT Associates - 33%

AR Resources - 23% Tetra Tech Inc – 11%

Toll Brothers - 15% Anchillion - 14%

Delta Community Support - 11%

Jean Madeline, Inc – 71%

Network Building & Consulting – 16% Transformative

Pharmaceutical – 13%

1. Based on total RSF of 3,621. The remainder of the Building is electrical space (1,280 SF) and Mechanical Closet (201 SF).2. WALT and occupancy based on Analysis Start Date of January 1, 2021.

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EXPERIENCE VEVAbreaking conventionaccelerating businessinspiring innovationThe Workplace of Tomorrow

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PLACEMAKINGTHROUGH SIGNIFICANT CAPITAL INVESTMENTS & PORTFOLIO AMENITIESCurrent ownership has invested heavily in the repositioning of the Portfolio to create a place for people to reach their potential. The VEVA campus encompasses desirable amenities such as a first-class wellness center, two (2) modern full-service cafés, state-of-the-art conference and training rooms, and a lively exterior courtyard complete with Adirondack chairs, hammocks, life size chess boards and lighted walkway.

LIVELY EXTERIOR COURTYARD

FULL-SERVICE CAFÉ

FIRST-CLASS WELLNESS CENTER

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VEVA 16

VEVA 18

VEVA 17

VEVA 15

VEVA 11

VEVA 12

VEVA 14

IMMEDIATE SCALEIN A PREMIER OFFICE CAMPUSWith 7 buildings and over 420,000 square feet, the VEVA Portfolio offer’s investors the rare opportunity to gain immediate scale in the heart of the Plymouth Meeting / Blue Bell office market in a single Portfolio transaction.

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LEASING VELOCITYOUTPACING THE MARKETOver 140,000 square feet of leasing activity has been completed in the VEVA Portfolio within the past 24 months, with over 60,000 square feet (14% of the total portfolio) being new leases. The leasing velocity has significantly outpaced the market as a whole and is a testament to the Portfolio’s positioning in the market.

FEBURARY-2019

JANUARY-2019 MARCH-2019

JULY-2019

JUNE-2020

NEW LEASES SIGNED - PAST 24 MONTHS

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$0.00

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10

Rent Market

(2.4%) (5.7%) (12.3%)

(8.6%)

(12.4%)

(16.1%)(15.9%)

(34.4%)

% Above/Below Market

IN-PLACE RENTS AT EXPIRATION VERSUS MARKET RENT AT EXPIRATION

MARK-TO-MARKET OPPORTUNITYDRIVING INCREMENTAL VALUEThe recent investment in the Portfolio along with the overall positioning in the market has put an upward pressure on the Portfolio’s rental rates. Average rents in the Portfolio are 10.3% below market, creating a tremendous opportunity to increase NOI upon tenant rollover.

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MAJOR TENANT SUMMARY

TENANT Building Rentable SF % NRA Lease Expiration Credit Rating (S&P)

IBM/Fiberlink Bldg. 18 36,360 8.7% Jul-25 A

USI Insurance Bldg. 16 32,472 7.7% Feb-27 B

Network Building & Construction Bldg. 17 25,037 5.9% Sep-27 N/A

Inventiv Bldg. 18 14,399 3.4% Jan-25 BB

Morgan Stanley Bldg. 18 13,458 3.2% Apr-25 A+

Toll Brothers Bldg. 14 13,292 3.2% Sep-22 BB+

London Life Bldg. 16 12,974 3.1% Oct-22 AA

Achillion Pharmaceuticals Bldg. 14 12,298 2.9% Nov-22 N/A

Transformative Pharmaceutical Solutions Bldg. 17 11,743 2.8% Sep-27 N/A

Delta Community Support Bldg. 14 10,079 2.4% Jul-24 N/A

DIVERSE TENANCYWITH A STABLE IN-PLACE CASH FLOWThe Portfolio is 94% leased to a diversified and stable rent roll with over 3.8 years years of weighted average remaining lease term. There is an ideal mix of long-term tenancy and short-term rollover providing a stable in-place cash flow with up-side, releasing potential to maximize on the impressive submarket dynamics.

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TRANSACTION GUIDELINESAs exclusive agent, JLL is presenting VEVA Portfolio to select investors registered via a

confidentiality agreement. The sale is being offered on an “as-is” basis and the marketing process will be governed by a date certain bid process.

TRANSACTION ADVISORSDoug Rodio

Senior Managing DirectorTel: 484.532.4205

doug.rodio@am.jll.com

Brett SegalManaging Director Tel: 484.532.4174

brett.segal@am.jll.com

Angela CurryAssociate

Tel: 215.988.5572angela.curry@am.jll.com

DEBT ADVISORChad Orcutt

Senior Managing DirectorTel: 215.988.5504

chad.orcutt@am.jll.com

LEASING ADVISORAdam Shute

Executive Vice PresidentTel: 610.249.2272

adam.shute@am.jll.com