Investment Highlights

• 2017-vintage, mixed-use asset in Palo Alto, CA, anchored by a long-term office lease to JP Morgan
• Asset is well located, adjacent to both Stanford University and major office submarkets, and represents a rare opportunity to own a fee-simple office asset in the Palo Alto market
• Asset is expected to benefit from high-barrier-to-entry nature of the Palo Alto market, where benefits from significant supply barriers, including a development cap that limits office development
• ^{*This investment was formerly referred to as “Prime ST - First Republic Center”.}

(1) As of March 31, 2024.