Set forth below is information regarding our properties as of December 31, 2025:
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| · · · · Approx. · · Percent · · Approx. · · |
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| · · Date of · · Square · · Leased as · · Number · · |
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| Property Location · · Purchase (1) · · Feet · · of 12/31/25 · · of Tenants · · Major Tenants (2) |
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| · · · · · · · · · · |
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| Office | | | | | | | | | | | |
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| 16285 Park Ten Place | | 6/27/02 | | 157,609 | | 86.8% | | 10 | | Blade Energy Partners, Ltd. | |
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| Houston, TX 77084 | | | | | | | | | | Baytex Energy USA, Inc. | |
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| | | | | | | | | | | Edge Engineering & Science, LLC | |
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| | | | | | | | | | | Liberty Lift Solutions, LLC | |
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| 15601 Dallas Parkway | | 9/30/02 | | 289,333 | | 67.7% | | 11 | | Cyxtera Management Inc. | |
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| Addison, TX 75001 | | | | | | | | | | WDT Acquisition Corporation | |
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| | | | | | | | | | | CarOffer, LLC | |
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| 1293 Eldridge Parkway | | 1/16/04 | | 248,399 | | 100.0% | | 1 | | CITGO Petroleum Corporation | |
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| Houston, TX 77077 | | | | | | | | | | | |
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| 6550 & 6560 Greenwood Plaza Englewood, CO 80111 | | 2/24/05 | | 196,236 | | 65.0% | | 2 | | Kaiser Foundation Health Plan, Inc. | |
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| 16290 Katy Freeway | | 9/28/05 | | 156,746 | | 76.3% | | 5 | | Olin Corporation | |
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| Houston, TX 77094 | | | | | | | | | | | |
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| 5055 & 5057 Keller Springs Rd. | | 2/24/06 | | 217,841 | | 66.9% | | 19 | | See Footnote 3 | |
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| Addison, TX 75001 | | | | | | | | | | | |
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| 121 South Eighth Street Minneapolis, MN 55402 | | 6/29/10 | | 297,744 | | 80.4% | | 34 | | Schwegman, Lundberg & Woessner | |
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| 801 Marquette Ave. South | | 6/29/10 | | 129,691 | | 91.8% | | 3 | | Workbox Marquette MN, LLC | |
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| Minneapolis, MN 55402 | | | | | | | | | | Greater Minneapolis Convention & Visitor Association | |
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| | | | | | | | | | | Deluxe Corporation | |
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| 5100 & 5160 Tennyson Parkway Plano, TX 75024 | | 3/10/11 | | 209,562 | | 60.9% | | 6 | | ARK-LA-TEX Financial Services, LLC | |
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| | | | | | | | | | | Moss, Luse & Womble, LLC | |
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| 10370 & 10350 Richmond Ave. | | 11/1/12 | | 629,025 | | 66.2% | | 45 | | See Footnote 3 | |
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| Houston, TX 77042 | | | | | | | | | | | |
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| 1999 Broadway | | 5/22/13 | | 682,639 | | 50.7% | | 25 | | United States Government | |
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| Denver, CO 80202 | | | | | | | | | | | |
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| 1001 17th Street | | 8/28/13 | | 650,607 | | 76.4% | | 18 | | Permian Resources Operating, LLC | |
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| Denver CO, 80202 | | | | | | | | | | Hall and Evans, LLC | |
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| | | | | | | | | | | Ping Identity Corp. | |
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| · · · · Approx. · · Percent · · Approx. · · |
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| · · Date of · · Square · · Leased as · · Number · · |
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| Property Location · · Purchase (1) · · Feet · · of 12/31/25 · · of Tenants · · Major Tenants (2) |
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| 45 South Seventh Street | | 6/6/16 | | 330,096 | | 51.0% | | 15 | | PwC US Group | |
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| Minneapolis, MN 55402 | | | | | | | | | | | |
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| 600 17th Street | | 12/1/16 | | 612,135 | | 69.1% | | 25 | | EOG Resources, Inc. | |
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| Denver, CO 80202 | | | | | | | | | | | |
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| Total Owned Portfolio | | | | 4,807,663 | | 68.9% | | | | | |
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| (1) | Date of purchase or merged entity date of purchase. |
| (2) | Major tenants that occupy 10% or more of the space in an individual property. |
| (3) | No tenant occupies more than 10% of the space. |
All of the properties listed above are owned, directly or indirectly, by us. None of our owned properties are subject to any mortgage loans as of December 31, 2025. We have no other material undeveloped or unimproved properties, or proposed programs for material renovation or development of any of our properties in 2026. We believe that our properties are adequately covered by insurance as of December 31, 2025.
The information presented below provides the weighted average GAAP rent per square foot for the year ended December 31, 2025 for our owned properties and weighted occupancy square feet and percentages. GAAP rent includes the impact of tenant concessions and reimbursements.
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| · · · · · · · · · · · · Weighted · · |
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| · · · · · · · · · · · · Occupied · · Weighted |
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| · · · · · · Year Built · · · · Weighted · · Percentage as of · · Average |
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| · · · · · · or · · Net Rentable · · Occupied · · December 31, · · Rent per Occupied |
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| Property Name | | City | | State | | Renovated | | Square Feet | | Sq. Ft. | | 2025 (a) | | Square Feet (b) | |
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| | | | | | | | | | | | | | | | | |
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| 121 South 8th Street | | Minneapolis | | MN | | 1974 | | 297,744 | | 228,697 | | 76.8% | | $22.96 | |
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| 801 Marquette Ave | | Minneapolis | | MN | | 1923/2017 | | 129,691 | | 119,108 | | 91.8% | | | 25.97 | |
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| Plaza Seven | | Minneapolis | | MN | | 1987 | | 330,096 | | 167,029 | | 50.6% | | 29.30 | |
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| Midwest Total | | | | | | | | 757,531 | | 514,834 | | 68.0% | | 25.71 | |
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| Park Ten | | Houston | | TX | | 1999 | | 157,609 | | 132,518 | | 84.1% | | 27.45 | |
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| Addison Circle | | Addison | | TX | | 1999 | | 289,333 | | 197,267 | | 68.2% | | 35.43 | |
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| Eldridge Green | | Houston | | TX | | 1999 | | 248,399 | | 248,399 | | 100.0% | | | 27.93 | |
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| Park Ten Phase II | | Houston | | TX | | 2006 | | 156,746 | | 111,556 | | 71.2% | | | 29.26 | |
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| Liberty Plaza | | Addison | | TX | | 1985 | | 217,841 | | 147,980 | | 67.9% | | | 26.43 | |
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| Legacy Tennyson Center | | Plano | | TX | | 1999/2008 | | 209,562 | | 109,978 | | 52.5% | | | 32.13 | |
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| Westchase I & II | | Houston | | TX | | 1983/2008 | | 629,025 | | 396,789 | | 63.1% | | | 26.44 | |
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| South Total | | | | | | | | 1,908,515 | | 1,344,487 | | 70.4% | | | 28.83 | |
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| 1999 Broadway | | Denver | | CO | | 1986 | | 682,639 | | 333,060 | | 48.8% | | | 34.74 | |
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| 1001 17th Street | | Denver | | CO | | 1977/2006 | | 650,607 | | 479,562 | | 73.7% | | | 36.64 | |
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| 600 17th Street | | Denver | | CO | | 1982 | | 612,135 | | 439,084 | | 71.7% | | | 33.85 | |
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| Greenwood Plaza | | Englewood | | CO | | 2000 | | 196,236 | | 127,573 | | 65.0% | | | 30.96 | |
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| West Total | | | | | | | | 2,141,617 | | 1,379,279 | | 64.4% | | | 34.77 | |
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| | | | | | | | | | | | | | | | | |
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| Total Owned Properties | | | | | | | | 4,807,663 | | 3,238,600 | | 67.4% | | $30.86 | |
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| (a) | Based on weighted occupied square feet for the year ended December 31, 2025, including month-to-month tenants, divided by the property’s net rentable square footage. |
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| (b) | Represents annualized GAAP rental revenue for the year ended December 31, 2025 per weighted occupied square foot. |
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The information presented below is a lease expiration table for ten years and thereafter, stating (i) the number of tenants whose leases will expire, (ii) the total area in square feet covered by such leases, (iii) the annual rental represented by such leases in dollars and by square feet, and (iv) the percentage of gross annual rental represented by such leases.
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| · · · · Rentable · · · · · Annualized · · Percentage · · · |
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| · · Number of · · Square · · · · · Rent · · of Total · · · |
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| Year of · · Leases · · Footage · · Annualized · · Per Square · · Annualized · · · |
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| Lease · · Expiring · · Subject to · · Rent Under · · Foot Under · · Rent Under · · · |
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| Expiration · · Within the · · Expiring · · Expiring · · Expiring · · Expiring · · Cumulative · |
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| December 31, · · Year (a) · · Leases · · Leases (b) · · Leases · · Leases · · Total · |
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| | | | | | | | | | | | | | | | |
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| 2026 | | 34(c) | | 365,916 | | | $12,569,114 | | | $34.35 | | 12.0% | | 12.0% | |
| 2027 | | 35 | | 500,108 | | | 18,191,656 | | | 36.38 | | 17.4% | | 29.4% | |
| 2028 | | 25 | | 242,046 | | | 7,957,724 | | | 32.88 | | 7.6% | | 37.0% | |
| 2029 | | 40 | | 561,561 | | | 18,213,553 | | | 32.43 | | 17.4% | | 54.4% | |
| 2030 | | 20 | | 268,950 | | | 8,662,656 | | | 32.21 | | 8.2% | | 62.6% | |
| 2031 | | 21 | | 346,964 | | | 11,496,581 | | | 33.13 | | 11.0% | | 73.6% | |
| 2032 | | 8 | | 77,324 | | | 1,733,552 | | | 22.42 | | 1.7% | | 75.3% | |
| 2033 | | 10 | | 383,978 | | | 11,685,696 | | | 30.43 | | 11.2% | | 86.5% | |
| 2034 | | 8 | | 90,757 | | | 1,724,368 | | | 19.00 | | 1.6% | | 88.1% | |
| 2035 | | 7 | | 173,219 | | | 5,667,946 | | | 32.72 | | 5.4% | | 93.5% | |
| 2036 and thereafter | | 22 | | 300,199(d) | | | 6,827,766 | | | 22.74 | | 6.5% | | 100.0% | |
| Leased total | | 230 | | 3,311,022 | | | $104,730,612 | | | $31.63 | | 100.0% | | | |
| Vacancies as of 12/31/25 | | | | 1,496,641 | | | | | | | | | | | |
| Total Portfolio Square Footage | | | | 4,807,663 | | | | | | | | | | | |
| (a) | The number of leases approximates the number of tenants. Tenants with lease maturities in different years are included in annual totals for each lease. Tenants may have multiple leases in the same year. |
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| (b) | Annualized rent represents the monthly rent charged, including tenant reimbursements, for each lease in effect at December 31, 2025 multiplied by 12. Tenant reimbursements generally include payment of real estate taxes, operating expenses and common area maintenance and utility charges. |
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| (c) | Includes 2 leases that are month-to-month. |
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| (d) | Includes 52,202 square feet that are non-revenue producing building amenities. |
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