EX-99.3 5 brhc10050202_ex99-3.htm EXHIBIT 99.3

Exhibit 99.3

 Investor Presentation  March 2023 
 

 Disclaimer / Forward-Looking Disclosure  This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. You can also identify forward-looking statements by discussions of strategy, plans or intentions. The forward-looking statements contained in this document reflect the Company’s current views about future events and are subject to numerous known and unknown risks, uncertainties, assumptions and changes in circumstances that may cause the Company’s actual results to differ significantly from those expressed in any forward-looking statement.  The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: general economic and financial conditions; market volatility; inflation; any potential recession or threat of recession; interest rates; the impact of the work-from-home trends; recent and ongoing disruption in the debt and banking markets; occupancy, rent deferrals and the financial condition of the Company’s tenants; whether easing of the pandemic, work-from-home trends or other factors will impact the attractiveness of industrial and/or office assets; whether we will be successful in renewing leases as they expire; future financial and operating results, plans, objectives, expectations and intentions; expected sources of financing and the availability and attractiveness of the terms of any such financing; legislative and regulatory changes that could adversely affect our business; our future capital expenditures, operating expenses, net income, operating income, cash flow and developments and trends of the real estate industry; whether a listing of the Company will be completed; whether any such listing will maximize shareholder value; whether we will be successful in the pursuit of our business plan, including any dispositions; whether we will succeed in our investment objectives; any relationship between the trading price of our common shares at listing and our published net asset value; any fluctuation and/or volatility of the trading price of our common shares once listed; risks associated with our dependence on key personnel whose continued service is not guaranteed; risks  related to the disruption of management’s attention from ongoing business operations due to pursuit of requirements related to being a listed company; whether we will comply with Sarbanes-Oxley as required  of listed companies; and other factors, including those risks disclosed in Part I, Item 1A. “Risk Factors” and Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of the Company’s most recent Annual Report on Form 10-K and Part I, Item 2. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of the Company’s Quarterly Reports on Form 10-Q filed with the U.S. Securities and Exchange Commission. The Company cautions investors not to place undue reliance on these forward-looking statements and urges you to carefully review the disclosures it makes concerning risks. While forward-looking statements reflect the Company’s good faith beliefs, assumptions and expectations, they are not guarantees of future performance. The forward- looking statements speak only as of the date of this document. Furthermore, the Company disclaims any obligation to publicly update or revise any forward- looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes.  Our shareholders are cautioned not to place undue reliance on any forward-looking statement in this document. All forward-looking statements are made as of the date of this document, and the risk that actual results will differ materially from the expectations expressed in this document may increase with the passage of time. In light of the significant uncertainties inherent in the forward-looking statements in this document, the inclusion of such forward-looking statements should not be regarded as a representation by us or any other person that the objectives and plans set forth in this document will be achieved. 
 

 Today’s Presenters  MICHAEL ESCALANTE  CHIEF EXECUTIVE OFFICER & PRESIDENT  JAVIER BITAR  CHIEF FINANCIAL OFFICER & TREASURER  MAX KAMINSKY  SENIOR VICE PRESIDENT, CAPITAL TRANSACTIONS  1 
 

 Table of Contents  III. A Deeper Dive  More About Our Industrial and Office Segments  Value Creation Capabilities  Capitalization Overview  RH – Patterson, CA  PepsiCo – Lakeland, FL  TransDigm – Whippany, NJ  Listing Summary  Peakstone Overview  01•  03•  02•  2 
 

 Company Name  Peakstone Realty Trust  (previously Griffin Realty Trust)  Company Type  Net Lease Industrial and Office REIT  Exchange / Stock Symbol  NYSE: PKST  Expected Listing Date  (Listing of existing common stock)  April 13, 2023  Common Stock and OP Units Outstanding  39.5mm1,2  Annualized Distribution  (Next distribution record date: May 2, 2023)  $0.90 per share1  3  Listing Summary  As adjusted for the 1-for-9 reverse stock split announced on March 10, 2023.  Includes 36.0mm common stock and 3.5mm OP units outstanding as of December 31, 2022. 
 

 Listing Best Positions the Company for Future Growth and Provides Liquidity for Shareholders  ZF WABCO – North Charleston, SC  Access to Additional Sources of Capital in the Longer-Term  Opportunity for Liquidity for Existing Shareholders  Attractive Investment Opportunity for Investors  Retain Embedded Upside in the Portfolio  Keurig Dr. Pepper – Boston, MA  Samsonite – Jacksonville, FL  3M – Dekalb, IL  York – Greenwood Village, CO  AT&T (3 Properties) – Redmond, WA  4 
 

 PEAKSTONE OVERVIEW 
 

 A Compelling Investment Opportunity  Amazon – Pataskala, OH  Experienced, cycle-tested team with strong financial alignment and a real estate operator’s mindset  Self-funded business model through capital recycling and free cash flow  Wholly-owned, high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties located in diverse, strategic growth markets  01  LPL (2 Properties) – Fort Mill, SC  Shaw Industries – Savannah, GA  02  03  5 
 

 Wholly-Owned Portfolio Provides Durable Cash Flows with Built- in Long-Term Growth Prospects  Notes: $ in millions. Data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023. See detailed property lists for Office, Industrial and Other Segments in the Appendix.  LQA Cash NOI is net of carrying costs for vacant assets.  Weighted average based on ABR.  Based on Rentable Square Feet.  Property Count  Rentable Sq. Ft (mm)  In-Place ABR (mm)  LQA Cash NOI (mm)1  WALT (years)2  % Leased3  % Leased to IG Tenants2  Office JV  $179mm Book Value of Equity  ~49% Minority Interest  46 Office Properties (59 Buildings)  8.6mm Rentable Sq. Ft  6  Wholly-Owned  Total  78  19.0  $211.7  $189.8  7.1  95%  61%  Industrial Segment  19  9.0  $48.2 / 23%  $48.6 / 26%  7.1  100%  59%  High-quality, well-located industrial properties with modern specifications  Office Segment  38  6.2  $123.5 / 58%  $106.7 / 56%  8.4  100%  67%  Newer, high-quality, business-essential office properties  Other Segment  (Office & Industrial)  21  3.8  $40.0 / 19%  $34.5 / 18%  3.1  77%  47%  Vacant and non-core assets (together with other assets in the same  cross-collateralized loan pools) 
 

 High-Quality, Well-Located Industrial and Office Segment Properties  Notes: Data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023.  Industrial  Office / Data Center  Arizona  Avnet  Freeport McMoRan  McKesson  onsemi  AT&T  (3 Properties)  RH  Guild Mortgage  IGT  Occidental  Petroleum  Maxar Technologies  York  Hopkins  Corteva Agriscience  MISO  International Paper  3M  Amazon  Berry Global  Illinois  Atlas Copco  OceanX  Roush Amcor  Amazon  PPG  Express Scripts   Huntington Ingalls (2 Properties)  UEOS / Blue Force  Pepsi Bottling  LPL  (2 Properties)  ZF WABCO  Shaw Industries  Samsonite  PepsiCo  Parallon  Amentum  Fresenius  Tech Data  Wood Group  Southern Company  Draeger Medical  Mercury Systems  Rapiscan Systems  Keurig Dr Pepper (2 Properties)  Massachusetts  TransDigm  Travel & Leisure  Zoetis  New Jersey  Fidelity Building Services  JMT  Maryland  Toshiba TEC  ABR  <$1mm  $1mm-$2mm  $2mm-$4mm  $4mm-$6mm  >$6mm  States  7  Markets  of ABR from Coastal  23  33  74% & Sunbelt Markets  530 Great Circle Road  Cigna 
 

 Entered JV with Workspace Property Trust and an institutional buyer  Sold 46 office properties for significant cash proceeds  De-levered balance sheet  Eliminated future capex  Closed Four Dispositions of Wholly- Owned Assets Since Q3 2022  $203mm of gross proceeds  7.1% weighted average NTM cash cap rate  Extended $750mm Revolver Loan  Maturity date extended through January 2026  Repaid $400mm 2024 term loan with revolver loan capacity  Optimizing Portfolio and Balance Sheet  Generate consistent  cash flows  Attract high demand from creditworthy tenants, minimizing vacancies  Strong rental rate growth potential  Selectively sell office assets  No need for outside capital  Invest capital in existing assets where warranted  Target investment grade balance sheet  Potential for higher returns with lower capex  Strong rental rate growth prospects  Robust demand, low vacancy and lagging supply  Benefit from secular tailwinds with mark- to-market opportunities  Go-Forward Strategy  Executed  Maintain a Stabilized Portfolio of High- Quality, Well- Located  Real Estate  Self-Funded Ability to Execute Plan  Build Upon Existing Portfolio by Selectively Acquiring High- Quality Industrial Properties  Today  Redeem $125mm preferred shares  Potential savings of  $10mm in distributions per year1  Potentially Redeem Convertible Preferred Shares        (1) Based on a current annual distribution rate of 8.05% as of December 31, 2022.  Listing  Interim  8 
 

 Primary Long-Term Objective to Maximize Shareholder Value Over Time  03  05  01  04  02  Future focus on acquiring distribution / warehouse assets with  market leading building specifications  Maximize flexibility by targeting investment grade rating  Improve per share metrics through internal and external growth  Selectively own business essential, Class A, single-tenant office with long lease durations  Multi-channel investment strategy across the risk and capital spectrum  9 
 

 Entrepreneurial & Cycle-Tested Team with Proven Public Real Estate Operating Experience  CAPITAL MARKETS  ASSET MANAGEMENT  LEASING  ACCOUNTING & FINANCE  ACQUISITIONS &  DEVELOPMENT  Peakstone Management Team Overview  Highly experienced executive management team1  Average ~34 years of real estate experience  Decades of experience operating public companies  9 senior real estate professionals averaging ~23 years of experience2  Average ~9 years working together3  Proven real estate and capital markets experience  Extensive knowledge of the existing portfolio  Broad network of long-standing industry relationships            10  Includes Michael Escalante (CEO), Javier Bitar (CFO) and Nina Momtazee Sitzer (General Counsel, Chief Administrative Officer and Secretary).  Includes Senior Vice President and above, other than executive management team.  Includes Senior Vice President and above. 
 

 A DEEPER DIVE  01  More About Our Industrial and Office Segments  02  Value Creation Capabilities  03  Capitalization Overview 
 

 More About Our Industrial and Office Segments  01 
 

 MISO – Carmel, IN  Pepsi Bottling Ventures – Winston-Salem, NC  Essential to Tenant Operations  Modern, High-Quality Buildings with Market-Leading Specifications  Significant Tenant Investment  Difficult-to-Replicate Locations or High-Growth Markets  PepsiCo – Lakeland, FL  01 Strategically Located and Critical to the Business Operations of Tenants  Roush Industries – Allen Park, MI  11 
 

 Phoenix 16%  Boston 13%  Denver 8%  Birmingham 7%  Northern New Jersey  7%  Charlotte 7%  San Diego 6%  Houston 4%  Las Vegas  4%  Memphis  4%  Other 24%  Chicago 18%  Columbus 16%  Stockton/ Modesto 15%  Jacksonville 8%  Savannah 7%  Tampa 7%  Detroit 6%  Cleveland  6%  Hampton Roads 5%  8%  Notes: Data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023.  Industrial Segment Markets by % of Segment ABR  Winston-Salem  4%  Other  Office Segment Markets by % of Segment ABR  01 Industrial and Office Segments Well-Positioned and Diversified Across High-Growth Markets  12 
 

 Top 10 Office Tenants Rating WALT (yrs.) % of Segment ABR   1  AA  8.6  18%  1  BBB  6.9  9%  2  Ba3  7.7  15%  2  BBB+  21.2  7%  3  A+  3.8  10%  3  Baa3  13.8  7%  4  Ba2  1.9  8%  4  Baa2  4.4  6%  5  AA  10.3  7%  5  B+  7.5  6%  6  A+  5.6  7%  6  BBB+  5.8  5%  7  BBB  9.8  6%  7  BB-  6.7  5%  8  BBB-  5.0  5%  8  HY6  11.0  4%  9  A3  9.6  4%  9  BB+  8.0  4%  10  NR  5.9  3%  10  BBB  7.0+  4%  Top 10 Subtotal / Average2  6.8  83%  Top 10 Subtotal / Average2  9.6  57%  Top 10 Industrial Tenants Rating WALT (yrs.) % of Segment ABR   Capital Goods 23%  E-Commerce 18%  Consumer Durables & Apparel 15%  Retailing  15%  Food, Beverage & Tobacco 10%  3 Other Industries 19%  Materials  13%  Capital Goods 12%  Health Care Equipment & Services 11%  Food, Beverage & Tobacco 9%  Utilities 9%  10 Other Industries 46%  Peakstone Realty Trust has no affiliation, connection or association with and is not sponsored or approved by the tenants of its properties. Peakstone Realty Trust has not approved or sponsored its tenants or their products and services. All product and company names, logos and slogans are the trademarks or service marks of their respective owners.  (1) Weighted average lease term calculated as a weighted average based on ABR.  (2) Based on % of segment ABR.  13  % Leased to S&P  500 Companies:  49%2  % Leased to S&P  500 Companies:  54%2  Leased to High-Quality Tenants Diversified Across Industries  01  Top 5 Tenant Industries by % of Segment ABR  Top 5 Tenant Industries by % of Segment ABR  Industrial Segment  Office Segment  Notes: Data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023. Tenants ranked by ABR. 
 

 IG Rated  67%  Sub-IG/Not- Rated 33%  IG Rated 59%  Sub-IG/Not- Rated 41%  Notes: Data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023.  Industrial Segment Investment Grade Tenants by % of Segment ABR  Office Segment Investment Grade Tenants by % of Segment ABR  01 Majority Investment Grade Tenancy 100% Rent Collections During COVID  14 
 

 8%  3%  10%  17%  3%  15%  18%  26%  '23  '24  '25  '26  '27  '28  '29  '30  '31  '32  and Thereafter  2%  1%  3%  4%  11%  6%  20%  14%  9%  30%  '23  '24  '25  '26  '27  '28  '29  '30  '31  '32  and Thereafter  7.1  IndustrialSegment WALT(yrs.)1  Notes: Data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023.  (1) Calculated as a weighted average based on ABR.  8.4  Office Segment WALT(yrs.)1  % Industrial Segment ABR Expiring Per Year % Office Segment ABR Expiring Per Year  01 Near-Term Stability with Long-Term Ability to Capitalize on Opportunities  15 
 

 Notes: JLL Research as of March 10, 2023. PKST data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023. PKST averages are weighted based on segment ABR, except for property size. All other stats based on % of segment ABR.  Based on average property CoStar star rating on a scale from 1 (low) to 5 (high) for each portfolio.  Represents distribution / warehouse assets only.  Industrial peers include: BNL, EGP, FR, GOOD, ILPT, LXP, ONL, PLD, PLYM, REXR, STAG, TRNO and WPC.  Average Age  26 years  Peer Average3  13 years  Average Clear Heights2  27 feet  Peer Average3  32 feet  WALT  7.0 years  Peer Average3  7.1 years  Average Property Size  177k SF  Peer Average3  474k SF  Investment Grade Tenants  59%  Industrial Segment Portfolio  39%  Peer Average3  01 Industrial Segment Portfolio Among the Highest Quality – Meets the Needs of Today’s Tenants  % Properties Rated 4+ Stars (CoStar)1  47%  Peer Average3  91%  16 
 

 Property Name  Nearest Port  Top 10 US  Port Rank # 1  Miles to Port  % of Segment ABR  TransDigm  Port Newark (Port of NY/NJ)  2  25  2%  Shaw Industries  Port of Savannah  4  11  7%  Huntington Ingalls (500 W. Park Lane)  Port of Virginia  6  23  3%  Huntington Ingalls  Port of Virginia  6  23  3%  Total / Average  24  48%  Port-Adjacent Industrial Segment Assets  PepsiCo  RH  Samsonite  Notes: Data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023. Properties ranked by port ranking.  (1) US Port Rank is based on Total 2022 Twenty-foot Equivalent Units (TEUs) per Supply Chain Dive published February 27, 2023. “N/A” indicates the rank falls outside of the Top 10.  01 48% of Industrial Segment ABR from Properties Proximate to Top US Ports  Huntington Ingalls (2 Properties)  ZF WABCO  Shaw Industries  Fidelity Building Services  TransDigm  (300 W. Park Lane)  ZF WABCO  Port of Charleston  8  16  2%  RH  Port of Oakland  9  38  15%  Samsonite  Port of Jacksonville  10  8  8%  Fidelity Building Services  Port of Baltimore  N/A  21  1%  PepsiCo  Port Tampa Bay  N/A  52  7%  Distribution / Warehouse Property  Ports  17 
 

 $5.35  $6.35  In-Place ABR  PSF  Market Average  $48mm  $57mm  Total In-Place Market Average  ABR  Upside  Potential:  Notes: JLL Research as of December 31, 2022. PKST data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023.  Industrial Segment In-Place ABR PSF vs Market Rent PSF  Significant Embedded Value  Releasing Spreads at Current Market Rent  Shaw Industries – Savannah, GA  +61%  RH – Patterson, CA  +64%  Industrial Segment Total In-Place ABR vs Market Rent  01 Significant Upside Through Industrial Segment Mark-to- Market Opportunity  x 9.0mm SF  18 
 

 67%  163k SF  8.4 years  100%  78%  11 years  Office Segment Portfolio  Average Age  23 years  Peer Average2  Average Property Size  105k SF  Peer Average2  WALT  8.2 years  Peer Average2  Investment Grade Tenants  45%  Peer Average2  % Leased  96%  Peer Average2  Notes: JLL Research as of March 10, 2023. PKST data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023. PKST averages are weighted based on segment ABR, except for property size. All other stats based on % of segment ABR, except % leased which is based on Rentable Square Feet.  (1) Based on average property CoStar star rating on a scale from 1 (low) to 5 (high) for each portfolio.  35%  Peer Average2  % of Properties Rated 4+ Stars (CoStar)1  01 Office Segment Portfolio Newest Among Peer Group –  A Key Determinant of Performance  (2) Office peers include: BNL, GOOD, ONL, and WPC.  19 
 

 Mercury Systems – Andover, MA  11  21  24  23  22  PKST  ONL  BNL  GOOD  WPC  Peer Avg: 23  Notes: JLL Research as of March 10, 2023. PKST data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023.  Based on average property CoStar star rating on a scale from 1 (low) to 5 (high) for each portfolio.  Average age is defined as year built or most recent renovation. PKST average weighted based on segment ABR.  onsemi – Scottsdale, AZ  78%  52%  45%  41%  1%  PKST  ONL  GOOD  WPC  BNL  Peer Avg: 35%  JMT – Baltimore, MD  Zoetis – Parsippany, NJ  % of Properties Rated 4+ Stars (CoStar)1  Average Building Age (Yrs)2  41% of Office Segment ABR from Corporate Headquarters3  Freeport McMoRan– Phoenix, AZ  Guild Mortgage – San Diego, CA  01 Newer, Higher-Quality, Business-Essential Office Segment Assets Should Require Lower Capex and Higher Valuations  (3) Only selected tenant corporate headquarters are shown.  20 
 

 $95  $90  $81  $78  $70  Peakstone  W.P. Carey  Orion  Gladstone  16%  Broadstone 10%  19% 11%  20% 12%  27% 18%  30% 21%  26%  30%  32%  45%  51%  Broadstone  Gladstone  W.P. Carey  Orion  Peakstone  Notes: JLL Research as of March 10, 2023. PKST data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023.  Analysis pertains to five-mile radius surrounding office assets in each peer’s portfolio.  Peakstone’s office markets include: Baltimore, Birmingham, Boston, Charlotte, Dallas/Fort Worth, Denver, Des Moines, Houston, Indianapolis, Las Vegas, Memphis, Nashville, Northern New Jersey, Phoenix, Pittsburgh, Platteville, Raleigh/Durham, San Antonio, San Diego, Seattle/Puget  Median Household Income1, 2  (2022, $000s)  01 Office Segment Assets Located in Markets with Strong Demographic Trends  Educational Attainment1, 2  (age 25+, 2022)  Bachelors Masters  Sound, Tampa and Tyler.  21 
 

 Value Creation Capabilities  02 
 

 Repositioning and Development Opportunities  Corporate M&A  Joint Ventures  Signature REIT  Cycle-tested team with insight, experience, relationships and creativity to source, structure, and execute on multiple transaction types  Amazon – Arlington Heights, IL  RH – Patterson, CA  Proven Experience Executing Versatile Investment Strategies  02  Proactive Asset Management  York – Greenwood Village, CO  Property & Portfolio Acquisitions  ✓ ✓  ✓ ✓  Tax Deferred Strategies  Avnet – Chandler, AZ  ✓ ✓  22  Amazon – Pataskala, OH 
 

 Vacant Buildings  01  Park Meadows – Lone Tree, CO  Raytheon - Charlotte, NC  02 Short-Term WALT  Other Asset Attributes  Other Segment Key Figures  21  Properties  $40.0mm  ABR  3.1  WALT (Years)2  18% / 82%  Industrial / Office1  77%  % Leased  3.8mm  Rentable Square Feet  Notes: $ in millions. As of December 31, 2022.  Based on ABR.  Weighted average based on ABR.  Other Segment Debt  Interest Maturity Outstanding # of   Rate Date Balance Properties  Highway 94 Loan  3.75%  2024  $13  1  Hitachi Astemo - Columbus, OH  Franklin Center - Columbia, MD  AIG Loan II  4.15%  2025  122  8  AIG Loan  4.96%  2029  100  5  03  Cross-Collateralized Assets  04 Partially Leased  Total Other Segment Debt  $235  14  02 Proactive Asset Management: An Overview of Other Segment Assets  23 
 

 Repositioning  Generated significant value accretion through an early lease termination that provided proceeds for a strategic R&D-to-warehouse conversion  Achieved credit and lease term enhancement with no downtime and no out-of-pocket capital investment  Increased the rental rate PSF by 6.4%  Amazon – Arlington Heights, IL  02 Team Has Proven Experience Identifying and Executing Value Creation Opportunities  Redevelopment  Partnered with the tenant to completely overhaul a building with outdated components and environmental issues  Post-renovation, asset replicated new construction with modern technology well-below replacement cost for a building located in an upscale Birmingham submarket  Closed on a 28-year lease with an investment grade tenant  Southern Company – Birmingham, AL  Formed a JV with a leading developer to construct a distribution warehouse for RH  Financed over 90% of total construction costs and committed to a forward takeout  Acquired a mission-critical warehouse for RH with a 15-year lease term  Build-to-Suit / Joint Venture  RH – Patterson, CA  24 
 

 Capitalization Overview  03 
 

 Notes: $ in millions.  Represents the sales of Fox Head industrial property, Renfro industrial property and Amazon (South Lake at Dulles) office property in January 2023, February 2023 and March 2023, respectively.  Represents the repayment of the $19mm HealthSpring loan on March 6, 2023. Also includes $25mm of estimated listing transaction costs.  On March 21, 2023, the Company extended its $750mm revolver loan through January 31, 2026 (subject to completion of the listing of the Company’s common shares), and utilized available revolver capacity to repay the $400mm term loan due 2024.  Assumes the Company’s outstanding preferred shares have been redeemed; such redemption has not occurred as of the date of this document.  Adjusted for the repayment of the HealthSpring loan on March 6, 2023, extension of the revolver loan and repayment of the 2024 term loan.  Including the effect of the interest rate swap agreements with a total notional amount of $750mm, the weighted average interest rate as of December 31, 2022 on term loans and outstanding revolver loan was 3.96%, based on a weighted average interest strike rate of 2.46% plus a spread of 1.40% and the market adjustment to SOFR of 0.1%.  Cash and Cash Equivalents excludes restricted cash.  Net Consolidated Debt is presented since PKST has no obligation to contribute capital to the unconsolidated joint venture and has no guarantee related to the debt of the unconsolidated joint venture.  Share count includes 36.0mm common stock and 3.5mm OP units outstanding as of December 31, 2022. As adjusted for the 1-for-9 reverse stock split announced on March 10, 2023.  Capitalization Overview  Balance Sheet and Liquidity Overview  03  As of  1Q23 Asset  Other  Revolver Loan  Adjusted  Potential Redemption  Pro Forma Following  12/31/2022  1  Sales  2  Adjustments  Amendment3  12/31/2022  4  of Preferred Shares  Pref. Redemption4  5  Rate  5  Term  Secured Debt  Secured Fixed Rate Mortgages  $540  (19)  $521  $521  4.43%  4.4  Total Secured Debt  $540  $521  $521  Unsecured Debt  2024 Term Loan6  400  (400)  -  -  --  --  2025 Term Loan6  400  400  400  3.96%  3.0  2026 Term Loan6  150  150  150  3.96%  3.3  Revolver Loan ($750mm Commitment)3,6  -  400  400  400  3.96%  3.1  Total Unsecured Debt  $950  $950  $950  Total Consolidated Debt  $1,490  $1,471  $1,471  Cash and Cash Equivalents7  (233)  (165)  44  (354)  125  (229)  Net Consolidated Debt8  $1,257  $1,117  $1,242  Pro Rata Share of JV Debt  526  526  526  Net Debt (Pro Rata Share)  $1,782  $1,642  $1,767  Perpetual Convertible Preferred Shares  125  125  (125)  -  Net Debt (Pro Rata Share) + Preferred Shares  $1,907  $1,767  $1,767  Memo: Common Stock + OP Units Outstanding (mm) 9  39.5  39.5  39.5  Operating Metrics  LQA Normalized EBITDAre  232  (13)  219  219  Leverage Metrics  Net Debt (Pro Rata Share) / LQA Normalized EBITDAre  Net Debt (Pro Rata Share) + Preferred Shares / LQA Normalized EBITDAre  7.7x  8.2x  7.5x  8.1x  8.1x  8.1x  25 
 

 Wholly-Owned Balance Sheet and Liquidity Overview (Cont’d)  03  Notes: $ in millions.  Excludes pro rata share of JV debt. Reflects the repayment of the $19mm HealthSpring loan on March 6, 2023, the extension of the revolver loan through January 31, 2026, the repayment of the $400mm term loan due 2024 with available revolver capacity and the potential redemption of $125mm of perpetual convertible preferred shares.  Reflects cash and cash equivalents as of December 31, 2022, adjusted for proceeds from 1Q23 asset sales, the repayment of the $19mm HealthSpring loan, $25mm of estimated listing transaction costs and the potential redemption of $125mm of perpetual convertible preferred shares.  Represents the December 31, 2022 remaining available capacity of $203mm, adjusted for the impact from 1Q23 asset sales and additional available capacity from currently unencumbered assets.  Percentage of floating-rate debt includes impact of fixed-rate swaps.  Consolidated Debt Maturity at Listing1  Other Balance Sheet Highlights at Listing1  Wtd. Avg. Interest Rate: 4.1%  Net Consolidated Debt / Total Gross Real • Total Liquidity: $469mm Estate: 36%  Pro Forma Cash and Cash Equivalents:  $229mm2  Remaining Revolver Capacity: $240mm3  Unsecured  Secured  Fixed Floating4  86%  14%  Total Consolidated Debt:  $1,471  35%  65%  $1,471  Total Consolidated Debt:  $18  $31  $122  $250  $100  $400  $150  $400  $350  2023  2024  2025  2026  2027  2028  2029  Fixed Rate Mortgages Revolver Loan  Term Loans  Remaining Revolver Commitment  26 
 

 Wholly-Owned LQA Cash NOI1  Balance Sheet Components  Cash & Restricted Cash2 $ 234  Book Value of Office JV  $ 179  Other Assets  $ 75  Building Blocks of Net Asset Value  03  Notes: $ in millions.  As of December 31, 2022 as adjusted for 1Q23 asset sales. LQA Cash NOI is net of carrying costs for vacant assets.  Reflects cash and cash equivalents as of December 31, 2022, adjusted for proceeds from 1Q23 asset sales, the repayment of the $19mm HealthSpring loan, $25mm of estimated listing transaction costs, and the potential redemption of $125mm of perpetual convertible preferred shares, plus $5mm of restricted cash.  Reflects the repayment of the $19mm HealthSpring loan on March 6, 2023 and repayment of the $400mm term loan due 2024 with available revolver capacity.  Other Segment NOI  $ 34  Industrial Segment NOI $ 49  Office Segment NOI  $ 107  +  +  Total Consolidated Debt3  $ 1,471  Other Liabilities  $ 81  27 
 

 A Compelling Investment Opportunity  Amazon – Pataskala, OH  Experienced, cycle-tested team with strong financial alignment and a real estate operator’s mindset  Self-funded business model through capital recycling and free cash flow  Wholly-owned, high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties located in diverse, strategic growth markets  01  LPL (2 Properties) – Fort Mill, SC  Shaw Industries – Savannah, GA  02  03  28 
 

 APPENDIX 
 

 29  Notes: Reflects board of trustees post-listing; independent trustees shaded.  Highly Reputable Board of Trustees  Casey Wold  Chair  Current Chief Executive Officer and Managing Partner of Vanderbilt Office Properties  Served as Senior Managing Director of Tishman Speyer and was a member of the Investment and Management committees  Served as CIO and COO of Trizec Properties  Former board member of CTO Realty Growth, Inc. (NYSE), Trizec Properties (NYSE), and Captivate Networks, Inc.  Gregory Cazel  Trustee  Current Managing Director at Lument Capital  Served as Managing Director in the Real Estate Capital Markets division of Wells Fargo Bank, as EVP and Principal at A10 Capi tal, and held various positions at Dexia Real Estate Capital Markets Company and JP Morgan Mortgage Capital  Carrie DeWees  Trustee  Most recently a Managing Principal of Allstate Investments  Held various positions in acquisitions, asset management, and investor relations at JMB Realty, Heitman, Henderson Global Adv isors, and American Realty Advisors  Current Chief Executive Officer, President and Trustee of Peakstone Realty Trust  Served as Chief Investment Officer of Peakstone Realty Trust’s predecessor entities  Samuel Tang  Trustee  Current Managing Partner of TriGuard Management LLC  Served as a Managing Director, Equities, of Pacific Life Insurance Company and Managing Partner at The Shidler Group  Independent Trustees  Trustee  Michael Escalante  Trustee 
 

 E  S  G  Minimize environmental impact of our buildings  Emphasize the health and well-being of building occupants  Environmentally Sustainable Practices:  In-office sustainability initiatives  Consider environmental impact in investment decisions  Partner with our tenants on sustainability projects  Continue to seek new technology solutions  Diverse executive management team  Individual differences and a diverse and inclusive culture are essential to our continued success  Dedicated to enhancing employee wellness and giving back to our community  Social Responsibility Initiatives:  Maintain a diverse workforce  Support employee growth and wellness  Promote charitable initiatives  Sound corporate governance essential to the success of our organization and stakeholders  Governance Practices:  Non-staggered board  Four of five board members post-listing are independent  Independent committees  Documented governance, conduct and ethics policies  Fully committed to ESG initiatives  30  Corporate Responsibility Commitment 
 

 Office JV Key Stats  JV Portfolio Stats1  59 / 46  Office Buildings / Properties  8.6mm  Rentable Square Feet  22  Markets  14  States  Vanguard – Charlotte, NC  2500 Windy Ridge Parkway – Atlanta, GA  Duke Bridges I – Frisco, TX  2 Circle Star Way – San Carlos, CA  31  Includes initial transaction of 53 buildings across 41 properties for $1.1bn announced August 2022 and a second transaction of 6 buildings across 5 properties for $170.4mm announced December 2022.  JV is managed by an affiliate of Workspace Property Trust.  August 2022  Date Entered JV  $1.3bn  Transaction Value1  49%  Minority Interest  $179mm  Book Value of Equity  Workspace Property Trust / Institutional Buyer  JV Partner2  JV is unconsolidated and held at book value on balance sheet  Not obligated to make any capital contributions  $526mm PKST pro-rata share of debt  No guarantees or financial commitments with respect to the JV debt  Our Office Joint Venture 
 

 Detailed Wholly-Owned Portfolio Summary  (2)  (3)  (4)  Total calculated as a weighted average based on rentable square feet.  Total calculated as a weighted average based on ABR. Lease restricts certain disclosures.  32  #  Segment  Property / Tenant Name  Address  Property Market  Property State  Building Square Feet  Tenancy Type  %  Leased ²  Property Sub-Type  Year Built / Renovated ¹ ³  Property WALT ³  % of Total ABR  01  Industrial  RH  825 Rogers Road  Stockton/Modesto  CA  1,501,400 Single-Tenant  100.0% Warehouse  2015  7.7  3.5%  02  Industrial  Amazon (Etna)  11999 National Road  Columbus  OH  856,300 Single-Tenant  100.0% Warehouse  2016  – ⁴  2.9%  03  Industrial  3M  1650 Macom Drive  Chicago  IL  978,100 Single-Tenant  100.0% Warehouse  2016  3.8  2.3%  04  Industrial  Samsonite  10480 Yeager Road  Jacksonville  FL  817,700 Single-Tenant  100.0% Warehouse  2008  1.9  1.9%  05  Industrial  Shaw Industries  445 Northport Parkway  Savannah  GA  1,001,500 Single-Tenant  100.0% Warehouse  2018  10.3  1.6%  06  Industrial  PepsiCo  8060 State Road 33 North  Tampa  FL  605,400 Single-Tenant  100.0% Warehouse  2018  5.6  1.5%  07  Industrial  Amcor  975 West Main Street  Cleveland  OH  586,700 Single-Tenant  100.0% Manufacturing  1997  9.8  1.3%  08  Industrial  Amazon (Arlington Heights)  1455 West Cellular Drive  Chicago  IL  182,900 Single-Tenant  100.0% Warehouse  2020  – ⁴  1.1%  09  Industrial  Pepsi Bottling Ventures  390 Business Park Drive  Winston-Salem  NC  526,300 Single-Tenant  100.0% Warehouse  2008  9.6  0.9%  10  Industrial  Roush Industries  333/777 Republic Drive  Detroit  MI  169,200 Single-Tenant  100.0% Industrial/R&D  2000  5.9  0.8%  11  Industrial  Berry Global  1515 Franklin Boulevard  Chicago  IL  193,700 Single-Tenant  100.0% Manufacturing  2003  10.0  0.7%  12  Industrial  OceanX  6390 Commerce Court  Columbus  OH  312,000 Single-Tenant  100.0% Warehouse  2015  6.6  0.7%  13  Industrial  Atlas Copco  3301 Cross Creek Parkway  Detroit  MI  120,000 Single-Tenant  100.0% Industrial/R&D  2014  2.8  0.6%  14  Industrial  Huntington Ingalls (500 W. Park Lane)  500 West Park Lane  Hampton Roads  VA  258,300 Single-Tenant  100.0% Warehouse  1999  5.0  0.6%  15  Industrial  Huntington Ingalls (300 W. Park Lane)  300 West Park Lane  Hampton Roads  VA  257,200 Single-Tenant  100.0% Warehouse  2000  5.0  0.6%  16  Industrial  ZF WABCO  8225 Patriot Boulevard  Charleston  SC  145,200 Single-Tenant  100.0% Warehouse  2016  10.7  0.5%  17  Industrial  TransDigm  110 Algonquin Parkway  Northern New Jersey  NJ  114,300 Single-Tenant  100.0% Manufacturing  1986  5.3  0.5%  18  Industrial  Hopkins  428 Peyton Street  Emporia  KS  320,800 Single-Tenant  100.0% Manufacturing  2000  14.0  0.5%  19  Industrial  Fidelity Building Services  25 Loveton Circle  Baltimore  MD  54,800 Single-Tenant  100.0% Industrial/R&D  1981  12.0  0.3%  Total Industrial Segment  19 Properties  9,001,800  100.0%  2010  7.1  $48,191  20  Office  Southern Company  3525 & 3535 Colonnade Parkway  Birmingham  AL  669,400 Single-Tenant  100.0% Office  2018  21.2  4.3%  21  Office  Keurig Dr. Pepper (53 South Avenue)  53 South Avenue  Boston  MA  280,600 Single-Tenant  100.0% Office  2014  6.9  4.1%  22  Office  Freeport McMoRan  333 N. Central Ave  Phoenix  AZ  249,000 Single-Tenant  99.0% Office  2010  4.4  3.7%  23  Office  Maxar Technologies  1300 West 120th Avenue  Denver  CO  430,000 Single-Tenant  100.0% Office  2002  7.5  3.6%  24  Office  Terraces at Copley Point  5887 Copley Drive  San Diego  CA  201,700 Multi-Tenant  100.0% Office  2009  5.4  3.3%  25  Office  LPL (1055 & 1060 LPL Way)  1055 & 1060 LPL Way  Charlotte  SC  307,200 Single-Tenant  100.0% Office  2016  13.8  2.7%  26  Office  Travel & Leisure, Co.  14 Sylvan Way  Northern New Jersey  NJ  203,500 Single-Tenant  100.0% Office  2013  6.7  2.7%  27  Office  Wood Group (Westgate III)  17325 Park Row  Houston  TX  226,300 Single-Tenant  100.0% Office  2014  11.0  2.6%  28  Office  IGT  6355 South Buffalo Drive  Las Vegas  NV  222,300 Single-Tenant  100.0% Office  2008  8.0  2.4%  29  Office  International Paper  1740 International Drive  Memphis  TN  238,600 Single-Tenant  100.0% Office  2015  7.0+ ⁴  2.3%  30  Office  onsemi (5701 N. Pima Road)  5701 N. Pima Road  Phoenix  AZ  133,400 Single-Tenant  100.0% Office  2017  – ⁴  1.6%  31  Office  Zoetis  10 Sylvan Way  Northern New Jersey  NJ  125,700 Single-Tenant  100.0% Office  2016  – ⁴  1.5%  32  Office  McKesson (5801 N. Pima Road)  5801 North Pima Road  Phoenix  AZ  124,900 Single-Tenant  100.0% Office  2019  – ⁴  1.4%  33  Office  McKesson (5601 N. Pima Road)  5601 N. Pima Road  Phoenix  AZ  138,200 Single-Tenant  100.0% Office  2017  – ⁴  1.4%  34  Office  40 Wight  40 Wight Avenue  Baltimore  MD  132,200 Multi-Tenant  93.2% Office  2017  9.8  1.4%  35  Office  York Space Systems (East Village)  6060 South Willow Drive  Denver  CO  138,100 Single-Tenant  100.0% Office/R&D  2020  9.0  1.4%  Notes: Data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023. Properties sorted by % of Total ABR.  (1) Year shown is either the year built or year substantially renovated. 
 

 Detailed Wholly-Owned Portfolio Summary (Cont’d)  (2)  (3)  (4)  Total calculated as a weighted average based on rentable square feet.  Total calculated as a weighted average based on ABR. Lease restricts certain disclosures.  33  #  Segment  Property / Tenant Name  Address  Property Market  Property State  Building Square Feet  Tenancy Type  %  Leased ²  Property Sub-Type  Year Built / Renovated ¹ ³  Property WALT ³  % of Total ABR  36  Office  Corteva Agriscience  8501 NW 62nd Ave  Des Moines  IA  184,300 Single-Tenant  100.0% Office/Lab  2014  3.9  1.4%  37  Office  Keurig Dr. Pepper (63 South Avenue)  63 South Avenue  Boston  MA  150,700 Single-Tenant  100.0% Office/Lab/R&D  2013  6.9  1.3%  38  Office  LPL (1040 LPL Way)  1040 LPL Way  Charlotte  SC  144,400 Single-Tenant  100.0% Office  2016  13.8  1.3%  39  Office  Toshiba TEC  3901 South Miami Boulevard  Raleigh/Durham  NC  200,800 Single-Tenant  100.0% Office  2016  5.3  1.2%  40  Office  Mercury Systems  50 Minuteman Road  Boston  MA  145,300 Single-Tenant  100.0% Office/Lab  1997  9.3  1.2%  41  Office  Occidental Petroleum  501 North Division Street  Platteville  CO  114,500 Single-Tenant  100.0% Office  2013  10.8  1.1%  42  Office  Avnet (Phoenix)  2211 S 47th Street  Phoenix  AZ  176,400 Single-Tenant  100.0% Office  1997  3.7  1.0%  43  Office  PPG  400 Bertha Lamme Drive  Pittsburgh  PA  118,000 Single-Tenant  100.0% Office  2010  8.0  1.0%  44  Office  MISO  720 City Center Drive  Indianapolis  IN  133,400 Single-Tenant  100.0% Office  2016  5.3  1.0%  45  Office  Amentum (Heritage III)  13500 Heritage Parkway  Dallas/Fort Worth  TX  119,000 Single-Tenant  100.0% Office  2006  – ⁴  0.9%  46  Office  Draeger Medical Systems  Six Tech Drive  Boston  MA  128,400 Single-Tenant  100.0% Office/Lab  2020  8.5  0.9%  47  Office  Fresenius Medical Care  3355 Earl Campbell Pkwy  Tyler  TX  81,000 Single-Tenant  100.0% Office  2016  8.8  0.8%  48  Office  Cigna (500 Great Circle Road)  500 Great Circle Road  Nashville  TN  72,200 Single-Tenant  100.0% Office  2012  4.5  0.7%  49  Office  Cigna (Express Scripts)  501 Ronda Court  Pittsburgh  PA  70,500 Single-Tenant  100.0% Office/Data Center  2015  2.5  0.7%  50  Office  AT&T (14500 NE 87th Street)  14500 NE 87th Street  Seattle/Puget Sound  WA  60,000 Single-Tenant  100.0% Office/Data Center  1995  4.7  0.7%  51  Office  AT&T (14520 NE 87th Street)  14520 NE 87th Street  Seattle/Puget Sound  WA  59,800 Single-Tenant  100.0% Office/Data Center  1995  4.7  0.6%  52  Office  Parallon  6451 126th Avenue North  Tampa  FL  83,200 Single-Tenant  100.0% Office  2013  2.2  0.6%  53  Office  Tech Data  19031 Ridgewood Parkway  San Antonio  TX  58,000 Single-Tenant  100.0% Office  2014  1.9  0.5%  54  Office  Rapiscan Systems  23 Frontage Road  Boston  MA  64,200 Single-Tenant  100.0% Office/Lab  2014  4.4  0.4%  55  Office  136 & 204 Capcom  136 & 204 Capcom Avenue  Raleigh/Durham  NC  63,000 Multi-Tenant  100.0% Office/R&D  2010  3.2  0.4%  56  Office  AT&T (14560 NE 87th Street)  14560 NE 87th Street  Seattle/Puget Sound  WA  36,000 Single-Tenant  100.0% Office/Data Center  1995  4.7  0.4%  57  Office  530  Great  Circle  Road  530  Great  Circle  Road  Nashville  TN  98,400  Single-Tenant  100.0%  Office/Lab  2011  – ⁴  –  Total Office Segment  38 Properties  6,182,600  99.8%  2012  8.4  $123,526  Total Industrial & Office Segment  57 Properties  15,184,400  99.9%  2011  8.0  $171,717  Notes: Data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023. Properties sorted by % of Total ABR.  (1) Year shown is either the year built or year substantially renovated. 
 

 Detailed Wholly-Owned Portfolio Summary (Cont’d)  (5) Lease restricts certain disclosures.  34  Total Other Segment  21 Properties  3,787,300  76.6%  2004  3.1  $40,002  Total Wholly-Owned Portfolio ⁴  78 Properties  18,971,700  95.3%  2010  7.1  $211,719  #  Segment  Property / Tenant Name  Address  Property Market  Property State  Building Square Feet  Tenancy Type  %  Leased ²  Property Sub-Type  Year Built / Renovated ¹ ³  Property WALT ³  % of Total ABR  58 Other Office  Wyndham Hotels & Resorts  22 Sylvan Way  Northern New Jersey  NJ  249,400 Single-Tenant  100.0% Office  2009  6.7  3.4%  59 Other Office  Wood Group (Westgate II)  17320 Katy Freeway  Houston  TX  186,300 Single-Tenant  100.0% Office  2014  1.3  2.1%  60 Other Office  Schlumberger  1200 Enclave Parkway  Houston  TX  149,700 Single-Tenant  98.3% Office  1999  – ⁵  1.7%  61 Other Office  Level 3 (ParkRidge One)  10475 Park Meadows Drive  Denver  CO  166,700 Single-Tenant  100.0% Office  1999  – ⁵  1.6%  62 Other Office  Raytheon Technologies  2730 West Tyvola Road  Charlotte  NC  198,900 Single-Tenant  100.0% Office  1999  – ⁵  1.5%  63 Other Industrial  Hitachi Energy USA  500 West Highway 94  Jefferson City  MO  660,000 Single-Tenant  100.0% Manufacturing  1972  1.7  1.3%  64 Other Industrial  Avnet (Chandler)  6700 West Morelos Place  Phoenix  AZ  231,500 Single-Tenant  100.0% Industrial/R&D  2008  – ⁵  1.3%  65 Other Office  Franklin Center  6841 Benjamin Franklin Drive  Baltimore  MD  202,500 Multi-Tenant  55.4% Office  2008  3.6  1.2%  66 Other Office  KBR  345 Bob Heath Drive  Huntsville  AL  120,000 Single-Tenant  100.0% Office  2013  0.7  1.0%  67 Other Office  30 Independence  30 Independence Boulevard  Northern New Jersey  NJ  207,300 Multi-Tenant  52.0% Office  2020  8.4  0.8%  68 Other Office  Northrop Grumman  4065 Colonel Glenn Highway  Cincinnati/Dayton  OH  99,200 Single-Tenant  100.0% Office  2012  1.7  0.8%  69 Other Office  MGM Corporate Center (880 Grier Drive)  880 Grier Drive  Las Vegas  NV  81,000 Single-Tenant  100.0% Office  1988  1.7  0.6%  70 Other Industrial  Hitachi Astemo  9296 Intermodal North Court  Columbus  OH  304,600 Single-Tenant  100.0% Warehouse  2014  2.2  0.6%  71 Other Office  MGM Corporate Center (840 Grier Drive)  840 Grier Drive  Las Vegas  NV  60,500 Single-Tenant  100.0% Office  1997  1.7  0.4%  72 Other Office  Administrative Office of Pennsylvania Courts  5035 Ritter Road  Harrisburg  PA  56,600 Single-Tenant  100.0% Office/Data Center  1988  1.5  0.4%  73 Other Industrial  Owens Corning  4535 Enterprise Drive Northwest  Charlotte  NC  61,200 Single-Tenant  100.0% Manufacturing  1998  2.0  0.2%  74 Other Office  MGM Corporate Center (950 Grier Drive)  950 Grier Drive  Las Vegas  NV  26,800 Single-Tenant  100.0% Office  1989  1.7  0.1%  75 Other Office  Gold Pointe Corp Ctr Bldg C  11971 Foundation Place  Sacramento  CA  145,900 Vacant  3.2% Office  2002  –  –  76 Other Office  Quebec Court II  5800 South Quebec Street  Denver  CO  157,300 Vacant  – Office  1980  –  –  77 Other Office  Crosspoint  20022 North 31st Avenue  Phoenix  AZ  351,600 Multi-Tenant  7.8% Office  2021  – ⁵  –  78 Other Office  Park Meadows Corporate Center II  10002 Park Meadows Drive  Denver  CO  70,300 Vacant  – Office  2000  –  –  Recent Dispositions (1Q23)  Office  Amazon (South Lake at Dulles)  Herndon  VA  269,900 Single-Tenant  100.0% Office  2020  – ⁵  –  Industrial  Fox Head  Irvine  CA  81,600 Single-Tenant  100.0% Industrial/R&D  2012  5.0  –  Industrial  Renfro  Clinton  SC  566,600 Single-Tenant  100.0% Warehouse  1986  0.5  –  Total ABR as of December 31, 2022  19,889,800  95.5%  2010  7.1  $223,942  Notes: Data is for wholly-owned assets as of December 31, 2022 adjusted to reflect property sales through March 23, 2023. Properties sorted by % of Total ABR.  Year shown is either the year built or year substantially renovated.  Total calculated as a weighted average based on rentable square feet.  Total calculated as a weighted average based on ABR.  Includes consolidated properties only and excludes the Office Joint Venture and recent dispositions. 
 

 Reconciliation of Non-GAAP Financial Measures  Wholly-Owned NOI and Cash NOI  Industrial Office  Industrial  and Office  Other  Total  Portfolio  Revenue  $15,945  $45,643  $61,588  $14,305  $75,893  Operating property expense  (1,083)  (5,071)  (6,154)  (3,203)  (9,357)  Property tax expense  (1,235)  (2,940)  (4,175)  (1,890)  (6,065)  Management fees (non-affiliate)  (63)  (312)  (375)  (214)  (589)  4Q22 NOI1  $13,564  $37,320  $50,884  $8,998  $59,882  Non-cash adjustments  Straight line rent  (135)  (4,784)  (4,919)  264  (4,655)  In-place lease amortization  (93)  (702)  (795)  (128)  (923)  Deferred termination income  (36)  –  (36)  (508)  (544)  Deferred ground lease  –  433  433  –  433  Other intangible amortization  –  377  377  –  377  Inducement amortization  –  79  79  –  79  4Q22 Cash NOI1  $13,300  $32,723  $46,023  $8,626  $54,649  4Q22 Dispositions2  –  (3,960)  (3,960)  –  (3,960)  1Q23 Dispositions3  (1,147)  (2,079)  (3,226)  –  (3,226)  Cash NOI1  $12,153  $26,684  $38,837  $8,626  $47,463  LQA Cash NOI (Wholly-Owned)1  $48,612  $106,736  $155,348  $34,504  $189,852   Quarter Ended December 31, 2022   Notes: $ in thousands.  NOI is net of carrying costs for vacant assets.  Adjustment for the sales of the State of AL office property and the 5 office properties sold to an investment group led by Workspace Property Trust in 4Q22.  (3) Adjustment for the sales of Fox Head industrial property, Renfro industrial property and Amazon (South Lake at Dulles) office property in January 2023, February 2023 and March 2023, respectively.  35 
 

 Reconciliation of Non-GAAP Financial Measures (Cont’d)  (1) Adjustment for the sales of Fox Head industrial property, Renfro industrial property and Amazon (South Lake at Dulles) office property in January 2023, February 2023 and March 2023, respectively.  (2) Includes $59,464 of our share of EBITDA from unconsolidated entities.  36  Net (loss) income to Normalized EBITDAre  Quarter Ended   12/31/2022   Net (loss) income  ($248,142)  Interest expense  16,501  Depreciation and amortization  35,275  4Q22 EBITDA  ($196,366)  Loss on sales of real estate, net  43,767  (Gain)/loss on investment in unconsolidated entity  9,993  Impairment provision, real estate  41,323  Proportion share of adjustments for unconsolidated entities  5,121  4Q22 EBITDAre  ($96,162)  Adjustment for acquisitions and dispositions  (2,578)  Adjustment for joint venture acquisition  7,670  Impairment provision, goodwill  135,270  Transaction expenses  13,724  4Q22 Normalized EBITDAre  $57,924  1Q23 Dispositions1  (3,226)  Normalized EBITDAre  $54,698  LQA Normalized EBITDAre2  $218,792  Notes: $ in thousands. 
 

 Definitions  37  Term  Definition  ABR (“Annualized Base Rent”)  “Annualized base rent” or “ABR” means the contractual base rent before abatements and deducting base year operating expenses for gross and modified gross leases as of December 31, 2022, unless otherwise specified, multiplied by 12 months. For properties in our portfolio that had rent abatements as of December 31, 2022, we used the monthly contractual base rent payable following expiration of the abatement  EBITDA  Earnings before interest, tax, depreciation and amortization  EBITDAre  The National Association of Real Estate Investment Trusts ("NAREIT") has defined EBITDAre as follows: (a) GAAP Net Income plus (b) interest expense plus (c) income tax expense plus (d) depreciation and amortization plus/minus (e) losses and gains on the disposition of depreciated property, including losses/gains on change of control plus (f) impairment write-downs of depreciated property and of investments in unconsolidated affiliates caused by a decrease in value of depreciated property in the affiliate. Adjustments to reflect the entity's share of EBITDAre of consolidated affiliates 
 

 Definitions (Cont’d)  38  Term  Definition  Investment Grade  Investment grade companies means companies (e.g., a tenant or a guarantor or non-guarantor parent of a tenant) that have received an investment grade credit rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a company with a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO investment grade rating; management can provide no assurance as to the comparability of these ratings methodologies or that any particular rating for a company is indicative of the rating that a single NRSRO would provide in the event that it rated all companies for which the Company provides credit ratings; to the extent such companies are rated only by non-NRSRO ratings providers, such ratings providers may use methodologies that are different and less rigorous than those applied by NRSROs; moreover, because PKST provides credit ratings for some companies that are non-guarantor parents of Company's tenants, such credit ratings may not be indicative of the creditworthiness of the  relevant tenants  NAV  Net asset value. This represents the fair value of our assets less liabilities divided by total shares and OP units outstanding  Normalized EBITDAre  We use Normalized EBITDAre as a non-GAAP supplemental performance measure to evaluate the operating performance of the Company. Normalized EBITDAre, as defined by the Company, represents EBITDAre (as defined by NAREIT), modified to exclude nonroutine items such as acquisition-related expenses, employee separation expenses and other non-routine costs. Normalized EBITDAre also omits the Normalized EBITDAre impact of properties sold during the period and extrapolate the operations of acquired properties to estimate a full quarter of ownership. We may also exclude the annualizing of large transaction items such as termination income recognized during the quarter. Management believes these adjustments to reconcile to Normalized EBITDAre provides investors with supplemental performance information that is consistent with the performance models and analysis used by management, and provides investors a view of the performance of our portfolio over time. Therefore, Normalized EBITDAre should not be considered as an alternative to net income, as computed in accordance with GAAP. Normalized EBITDAre may not be comparable to similarly titled measures of other companies 
 

 Definitions (Cont’d)  39  Term  Definition  Net Debt  Total debt less cash and cash equivalents (excluding restricted cash)  Net Debt (pro rata share)  Total debt plus unconsolidated debt (pro rata share), less cash and cash equivalents (excluding restricted cash)  Net Operating Income (NOI) & Cash  NOI  NOI is a non-GAAP measure which includes the revenue and expense directly attributable to our real estate properties. NOI is calculated as total revenue from real estate operations less property expenses, which includes operating property expenses, property tax expenses and management fees. Net operating income on a cash basis (“Cash NOI”) is net operating income adjusted to exclude the effect of straight-line rent and amortization of acquired above- and below-market lease intangibles adjustments required by GAAP. We believe that NOI and Cash NOI are helpful to investors as additional measures of operating performance because we believe they help both investors and management to understand the core operations of our properties excluding corporate and financing-related costs and non-cash depreciation and amortization. NOI and Cash NOI are unlevered operating performance metrics of our properties and allow for a useful comparison of the operating performance of individual assets or groups of assets. These measures thereby provide an operating perspective not immediately apparent from GAAP income from operations or net income. In addition, NOI and Cash NOI are considered by many in the real estate industry to be useful starting points for determining the value of a real estate asset or group of assets  WALT  Weighted average lease term (in years). This is the average remaining lease term for all leases combined, weighted based on  Annualized Base Rent 
 

 DETAILED PORTFOLIO SUMMARIES 
 

 Disclaimer  The information contained herein with respect to our properties is, to our knowledge, true and correct in all material respects, but in some cases such information has not been independently verified. 
 

 Industrial Segment Property Summaries 
 

 RH  825 Rogers Road  Patterson, CA 95363  Portfolio Segment Industrial  Region West  Market Stockton/Modesto  Submarket Modesto  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  As the largest facility in RH's distribution network, the property distributes furniture and  other home goods throughout the western United States.  RH receives imported products primarily through the nearby Port of Oakland, and the property's location along Interstate 5 provides convenient access with minimal congestion.  MARKET INFORMATION  PROPERTY OVERVIEW  SEGMENT DESIGNATION  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  RH  Ba3  % Leased by Major Lessee  100%  Major Lessee SQFT  1,501,400  Industry (Major Tenant)  Retailing  Lease Type  Net  % of Total ABR (Property)  3.5%  Property WALT  7.7 years  BUILDING INFORMATION  Detailed Property Type  Warehouse  Square Feet  1,501,400  Total Property % Leased  100%  FAR  0.37  Year Built  2015  Year Renovated  N/A  Stories  1  Parking Ratio (per 1,000 SF)  0.2  Industrial Property Stats:  Trailer Parking Spaces  475  Loading Docks  244  Type of Docks (cross, rear, etc.)  Cross  Clear Height  39'  1  Property of Peakstone Realty Trust 
 

 Amazon (Etna)  11999 National Road  Pataskala, OH 43062  Portfolio Segment Industrial  Region Midwest  Market Columbus  Submarket Licking  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  (2) Lease restricts certain disclosures.  MARKET INFORMATION  PROPERTY OVERVIEW  Sortable products fulfillment center for Amazon located along Interstate 70.  The property was built to Amazon’s state-of-the-art fulfillment center standards and consistently ranks as one of the top three rated Amazon distribution centers by package volume in the U.S.  SEGMENT DESIGNATION  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Amazon  AA  % Leased by Major Lessee  100%  Major Lessee SQFT  856,300  Industry (Major Tenant)  E-Commerce  Lease Type  Net  % of Total ABR (Property)  2.9%  Property WALT(2)  -  BUILDING INFORMATION  Detailed Property Type  Warehouse  Square Feet  856,300  Total Property % Leased  100%  FAR  0.20  Year Built  2016  Year Renovated  N/A  Stories  1  Parking Ratio (per 1,000 SF)  3.0  Industrial Property Stats:  Trailer Parking Spaces  163  Loading Docks  58  Type of Docks (cross, rear, etc.)  Rear  Clear Height  40' 6"  2  Property of Peakstone Realty Trust 
 

 3M  1650 Macom Drive  Dekalb, IL 60115  Portfolio Segment Industrial  Region Midwest  Market Chicago  Submarket Kane/Dupage  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  MARKET INFORMATION  PROPERTY OVERVIEW  National distribution center for 3M located along Interstate 88 in DeKalb, IL.  3M has maintained distribution operations in the area since 1985, and the property is 3M's newest and largest facility.  The property includes specialized areas which contain additional fire protection, special containment floors, and/or explosion-resistant walls.  SEGMENT DESIGNATION  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  3M  A+  % Leased by Major Lessee  100%  Major Lessee SQFT  978,100  Industry (Major Tenant)  Capital Goods  Lease Type  Net  % of Total ABR (Property)  2.3%  Property WALT  3.8 years  BUILDING INFORMATION  Detailed Property Type  Warehouse  Square Feet  978,100  Total Property % Leased  100%  FAR  0.45  Year Built  2016  Year Renovated  N/A  Stories  1  Parking Ratio (per 1,000 SF)  0.8  Industrial Property Stats:  Trailer Parking Spaces  348  Loading Docks  137  Type of Docks (cross, rear, etc.)  Cross  Clear Height  36'  3  Property of Peakstone Realty Trust 
 

 Samsonite  10480 Yeager Road  Jacksonville, FL 32218  Portfolio Segment Industrial  MARKET INFORMATION  Region Southeast  Market Jacksonville  Submarket Ocean Way  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  National distribution center for Samsonite located 8 miles from the Port of Jacksonville.  The Port of Jacksonville is Samsonite's primary East Coast point of entry for its luggage products which are stored at the property for distribution throughout the U.S.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Samsonite  Ba2  % Leased by Major Lessee  100%  Major Lessee SQFT  817,700  Industry (Major Tenant)  Consumer Durables & Apparel  Lease Type  Net  % of Total ABR (Property)  1.9%  Property WALT  1.9 years  BUILDING INFORMATION  Detailed Property Type  Warehouse  Square Feet  817,700  Total Property % Leased  100%  FAR  0.35  Year Built  2008  Year Renovated  N/A  Stories  1  Parking Ratio (per 1,000 SF)  0.3  Industrial Property Stats:  Trailer Parking Spaces  131  Loading Docks  183  Type of Docks (cross, rear, etc.)  Cross  Clear Height  40'  4  Property of Peakstone Realty Trust 
 

 Shaw Industries  445 Northport Parkway Port Wentworth, GA 31407  Portfolio Segment Industrial  MARKET INFORMATION  Region Southeast  Market Savannah  Submarket Port Wentworth  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  Distribution facility for Shaw Industries to distribute its resilient, wood, and vinyl flooring  products throughout the United States.  The building is located approximately 11 miles from the Port of Savannah which Shaw utilizes as the primary East Coast point of entry for its products.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Shaw Industries  AA  % Leased by Major Lessee  100%  Major Lessee SQFT  1,001,500  Industry (Major Tenant)  Consumer Durables & Apparel  Lease Type  Net  % of Total ABR (Property)  1.6%  Property WALT  10.3 years  BUILDING INFORMATION  Detailed Property Type  Warehouse  Square Feet  1,001,500  Total Property % Leased  100%  FAR  0.33  Year Built  2018  Year Renovated  N/A  Stories  1  Parking Ratio (per 1,000 SF)  0.1  Industrial Property Stats:  Trailer Parking Spaces  160  Loading Docks  145  Type of Docks (cross, rear, etc.)  Cross  Clear Height  32'  5  Property of Peakstone Realty Trust 
 

 PepsiCo  8060 State Road 33 North  Lakeland, FL 33809  Portfolio Segment Industrial  Region Southeast  Market Tampa  Submarket Polk County  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  MARKET INFORMATION  PROPERTY OVERVIEW  Distribution facility used by PepsiCo to distribute Gatorade and other beverage products  throughout Florida.  Strategically located along the high-growth Interstate 4 corridor between Tampa and Orlando.  The property provides a central location for the tenant to receive pallets of Gatorade products from its nearby Gatorade production facility in Kissimmee for distribution to retailers and wholesalers statewide.  SEGMENT DESIGNATION  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  PepsiCo  A+  % Leased by Major Lessee  100%  Major Lessee SQFT  605,400  Industry (Major Tenant)  Food, Beverage & Tobacco  Lease Type  Net  % of Total ABR (Property)  1.5%  Property WALT  5.6 years  BUILDING INFORMATION  Detailed Property Type  Warehouse  Square Feet  605,400  Total Property % Leased  100%  FAR  0.23  Year Built  2018  Year Renovated  N/A  Stories  1  Parking Ratio (per 1,000 SF)  0.2  Industrial Property Stats:  Trailer Parking Spaces  154  Loading Docks  120  Type of Docks (cross, rear, etc.)  Cross  Clear Height  36'  6  Property of Peakstone Realty Trust 
 

 Amcor  975 West Main Street Bellevue, OH 44811  Portfolio Segment Industrial  Region Midwest  Market Cleveland  Submarket Sandusky County  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  MARKET INFORMATION  PROPERTY OVERVIEW  Amcor's flagship injection molding facility in the state of Ohio.  Amcor expanded and nearly doubled its manufacturing and warehouse footprint in 2017 by adding an additional 118,000 SF of manufacturing space and 84,000 SF of warehouse space in order to meet the increased demand for its products.  SEGMENT DESIGNATION  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Amcor  BBB  % Leased by Major Lessee  100%  Major Lessee SQFT  586,700  Industry (Major Tenant)  Materials  Lease Type  Net  % of Total ABR (Property)  1.3%  Property WALT  9.8 years  BUILDING INFORMATION  Detailed Property Type  Manufacturing  Square Feet  586,700  Total Property % Leased  100%  FAR  0.33  Year Built  1986  Year Renovated  1997  Stories  1  Parking Ratio (per 1,000 SF)  0.2  Industrial Property Stats:  Trailer Parking Spaces  30  Loading Docks  24  Type of Docks (cross, rear, etc.)  Rear  Clear Height  25'  7  Property of Peakstone Realty Trust 
 

 Amazon (Arlington Heights)  1455 West Cellular Drive Arlington Heights, IL 60004  Portfolio Segment Industrial  MARKET INFORMATION  Region Midwest  Market Chicago  Submarket Schaumburg  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  (2) Lease restricts certain disclosures.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  Last-mile delivery station for Amazon serving the Northern Chicago suburbs.  The building has above-standard power, full A/C, and is located on a 24-acre site which provides over 800 parking spaces for Amazon's employees and its delivery fleet.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Amazon  AA  % Leased by Major Lessee  100%  Major Lessee SQFT  182,900  Industry (Major Tenant)  E-Commerce  Lease Type  Net  % of Total ABR (Property)  1.1%  Property WALT(2)  -  BUILDING INFORMATION  Detailed Property Type  Warehouse  Square Feet  182,900  Total Property % Leased  100%  FAR  0.17  Year Built  1989  Year Renovated  2020  Stories  1  Parking Ratio (per 1,000 SF)  4.4  Industrial Property Stats:  Trailer Parking Spaces  0  Loading Docks  12  Type of Docks (cross, rear, etc.)  Rear  Clear Height  17'  8  Property of Peakstone Realty Trust 
 

 Pepsi Bottling Ventures  390 Business Park Drive Winston-Salem, NC 27107  Portfolio Segment Industrial  Region Southeast  Market Winston-Salem  Submarket South Forsyth  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  MARKET INFORMATION  PROPERTY OVERVIEW  Pepsi Bottling Ventures ("PBV"), the largest privately held bottler for PepsiCo products in  North America, is a joint venture between Suntory Beverage & Food, Ltd. and PepsiCo, Inc.  The property is PBV's largest warehouse and distributes PepsiCo beverage products throughout the Carolinas.  The building includes a purification system to produce Aquafina and a blow molding line for Aquafina and other PepsiCo beverage products.  SEGMENT DESIGNATION  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Pepsi Bottling Ventures  A3  % Leased by Major Lessee  100%  Major Lessee SQFT  526,300  Industry (Major Tenant)  Food, Beverage & Tobacco  Lease Type  Net  % of Total ABR (Property)  0.9%  Property WALT  9.6 years  BUILDING INFORMATION  Detailed Property Type  Warehouse  Square Feet  526,300  Total Property % Leased  100%  FAR  0.24  Year Built  2008  Year Renovated  N/A  Stories  1  Parking Ratio (per 1,000 SF)  0.5  Industrial Property Stats:  Trailer Parking Spaces  63  Loading Docks  44  Type of Docks (cross, rear, etc.)  Cross  Clear Height  32' 6"  9  Property of Peakstone Realty Trust 
 

 Roush Industries  333/777 Republic Drive Allen Park, MI 48101  Portfolio Segment Industrial  MARKET INFORMATION  Region Midwest  Market Detroit  Submarket Dearborn Area  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  R&D facility for Roush Industries directly supporting automotive clients including the  nearby Ford Dearborn Development Center and Ford Rolling Road Wind Tunnel in Allen Park.  As an original equipment manufacturer and design partner to various automakers, the location is paramount for direct access to Roush Industries’ top clients, and the single- story building provides an efficient layout for engineering and testing functions.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Roush Industries  N/A  % Leased by Major Lessee  100%  Major Lessee SQFT  169,200  Industry (Major Tenant)  Automobiles & Components  Lease Type  Net  % of Total ABR (Property)  0.8%  Property WALT  5.9 years  BUILDING INFORMATION  Detailed Property Type  Industrial/R&D  Square Feet  169,200  Total Property % Leased  100%  FAR  0.19  Year Built  2000  Year Renovated  N/A  Stories  1  Parking Ratio (per 1,000 SF)  7.2  Industrial Property Stats:  Trailer Parking Spaces  0  Loading Docks  0  Type of Docks (cross, rear, etc.)  N/A  Clear Height  26'  10  Property of Peakstone Realty Trust 
 

 Berry Global  1515 Franklin Boulevard  Libertyville, IL 60048  Portfolio Segment Industrial  MARKET INFORMATION  Region Midwest  Market Chicago  Submarket South Lake County  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  Manufacturing facility for Berry Global for the production of plastic closure products for  various applications and end markets.  The building contains nearly 10,000 amps of power, several production lines, dozens of presses, and other critical infrastructure to support the tenant's manufacturing processes.  The tenant recently extended its lease for 10 years.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Berry Global  BB+  % Leased by Major Lessee  100%  Major Lessee SQFT  193,700  Industry (Major Tenant)  Materials  Lease Type  Net  % of Total ABR (Property)  0.7%  Property WALT  10.0 years  BUILDING INFORMATION  Detailed Property Type  Manufacturing  Total Square Feet  193,700  Total Property % Leased  100%  FAR  0.43  Year Built  1992  Year Renovated  2003  Stories  1  Parking Ratio (per 1,000 SF)  1.3  Industrial Property Stats:  Trailer Parking Spaces  0  Loading Docks  5  Type of Docks (cross, rear, etc.)  Rear  Clear Height  24'  11  Property of Peakstone Realty Trust 
 

 OceanX  6390 Commerce Court  Groveport, OH 43125  Portfolio Segment Industrial  MARKET INFORMATION  Region Midwest  Market Columbus  Submarket Southeast Columbus  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  Distribution center for OceanX, a modern 3PL that provides Fulfillment-as-a-Service  (FaaS). The property's central location in the United States and proximity to major transportation routes allows the tenant to meet the growing demands of its customers.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  OceanX  N/A  % Leased by Major Lessee  100%  Major Lessee SQFT  312,000  Industry (Major Tenant)  Commercial & Professional Services  Lease Type  Net  % of Total ABR (Property)  0.7%  Property WALT  6.6 years  BUILDING INFORMATION  Detailed Property Type  Warehouse  Square Feet  312,000  Total Property % Leased  100%  FAR  0.30  Year Built  2015  Year Renovated  N/A  Stories  1  Parking Ratio (per 1,000 SF)  0.6  Industrial Property Stats:  Trailer Parking Spaces  15  Loading Docks  26  Type of Docks (cross, rear, etc.)  Rear  Clear Height  32'  12  Property of Peakstone Realty Trust 
 

 Atlas Copco  3301 Cross Creek Parkway Auburn Hills, MI 48326  Portfolio Segment Industrial  Region Midwest  Market Detroit  Submarket Oakland County  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  Headquarters and R&D/warehouse building for Atlas Copco Tools & Assembly Systems, a  division of Atlas Copco AB.  The property is conveniently located in close proximity to the company's automotive clients throughout the Detroit area.  The tenant uses the building for assembly, testing, and research and development of prototypes of industrial tooling, fastening, and compressor devices and related products.  SEGMENT DESIGNATION  MARKET INFORMATION  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Atlas Copco  A+  % Leased by Major Lessee  100%  Major Lessee SQFT  120,000  Industry (Major Tenant)  Capital Goods  Lease Type  Net  % of Total ABR (Property)  0.6%  Property WALT  2.8 years  BUILDING INFORMATION  Detailed Property Type  Industrial/R&D  Square Feet  120,000  Total Property % Leased  100%  FAR  0.19  Year Built  2014  Year Renovated  N/A  Stories  2  Parking Ratio (per 1,000 SF)  2.4  Industrial Property Stats:  Trailer Parking Spaces  0  Loading Docks  2  Type of Docks (cross, rear, etc.)  Rear  Clear Height  28'  13  Property of Peakstone Realty Trust 
 

 Huntington Ingalls (500 W. Park Lane)  500 West Park Lane Hampton, VA 23666  Portfolio Segment Industrial  MARKET INFORMATION  Region Southeast  Market Hampton Roads  Submarket Peninsula  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  Highly-secure warehouse facility for Huntington Ingalls and its Newport News  Shipbuilding segment.  Strategically located near the Port of Virginia and Newport News Shipbuilding.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Huntington Ingalls  BBB-  % Leased by Major Lessee  100%  Major Lessee SQFT  258,300  Industry (Major Tenant)  Capital Goods  Lease Type  Net  % of Total ABR (Property)  0.6%  Property WALT  5.0 years  BUILDING INFORMATION  Detailed Property Type  Warehouse  Square Feet  258,300  Total Property % Leased  100%  FAR  0.30  Year Built  1999  Year Renovated  N/A  Stories  1  Parking Ratio (per 1,000 SF)  0.9  Industrial Property Stats:  Trailer Parking Spaces  151  Loading Docks  58  Type of Docks (cross, rear, etc.)  Rear  Clear Height  25'  14  Property of Peakstone Realty Trust 
 

 Huntington Ingalls (300 W. Park Lane)  300 West Park Lane Hampton, VA 23666  Portfolio Segment Industrial  MARKET INFORMATION  Region Southeast  Market Hampton Roads  Submarket Peninsula  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  Highly-secure warehouse facility for Huntington Ingalls and its Newport News  Shipbuilding segment.  Strategically located near the Port of Virginia and Newport News Shipbuilding.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Huntington Ingalls  BBB-  % Leased by Major Lessee  100%  Major Lessee SQFT  257,200  Industry (Major Tenant)  Capital Goods  Lease Type  Net  % of Total ABR (Property)  0.6%  Property WALT  5.0 years  BUILDING INFORMATION  Detailed Property Type  Warehouse  Square Feet  257,200  Total Property % Leased  100%  FAR  0.33  Year Built  2000  Year Renovated  N/A  Stories  1  Parking Ratio (per 1,000 SF)  1.1  Industrial Property Stats:  Trailer Parking Spaces  107  Loading Docks  42  Type of Docks (cross, rear, etc.)  Rear  Clear Height  25'  15  Property of Peakstone Realty Trust 
 

 ZF WABCO  8225 Patriot Boulevard North Charleston, SC 29418  Portfolio Segment Industrial  Region Southeast  Market Charleston  Submarket North Charleston  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  MARKET INFORMATION  PROPERTY OVERVIEW  Light manufacturing and assembly facility for ZF Commercial Vehicle Solutions, a  business unit of ZF.  The property is conveniently located near the Port of Charleston - the main point of entry for the tenant to import various parts for final assembly.  ZF utilizes the property to design and assemble air compressors, disc brakes, and related components for use in commercial trucking applications.  SEGMENT DESIGNATION  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  ZF WABCO  HY3  % Leased by Major Lessee  100%  Major Lessee SQFT  145,200  Industry (Major Tenant)  Capital Goods  Lease Type  Net  % of Total ABR (Property)  0.5%  Property WALT  10.7 years  BUILDING INFORMATION  Detailed Property Type  Warehouse  Square Feet  145,200  Total Property % Leased  100%  FAR  0.35  Year Built  2016  Year Renovated  N/A  Stories  1  Parking Ratio (per 1,000 SF)  1.4  Industrial Property Stats:  Trailer Parking Spaces  0  Loading Docks  6  Type of Docks (cross, rear, etc.)  Rear  Clear Height  30'  16  Property of Peakstone Realty Trust 
 

 TransDigm  110 Algonquin Parkway  Whippany, NJ 07981  Portfolio Segment Industrial  MARKET INFORMATION  Region Northeast  Market Northern New Jersey  Submarket Eastern Morris  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  Headquarters and light manufacturing facility for Whippany Actuation Systems, a  business group of TransDigm.  Whippany Actuation Systems utilizes the property to design and manufacture specialized electromechanical actuation solutions for commercial and military applications.  Located in proximity to Port Newark, a major component of the Port of NY/NJ which is the 2nd largest port in the U.S. by TEU volume.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  TransDigm  B+  % Leased by Major Lessee  100%  Major Lessee SQFT  114,300  Industry (Major Tenant)  Capital Goods  Lease Type  Net  % of Total ABR (Property)  0.5%  Property WALT  5.3 years  BUILDING INFORMATION  Detailed Property Type  Manufacturing  Square Feet  114,300  Total Property % Leased  100%  FAR  0.24  Year Built  1986  Year Renovated  N/A  Stories  2  Parking Ratio (per 1,000 SF)  3.9  Industrial Property Stats:  Trailer Parking Spaces  0  Loading Docks  3  Type of Docks (cross, rear, etc.)  Rear  Clear Height  22'  17  Property of Peakstone Realty Trust 
 

 Hopkins  428 Peyton Street  Emporia, KS 66801  Portfolio Segment Industrial  Region Midwest  Market Emporia  Submarket Lyon County  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  MARKET INFORMATION  PROPERTY OVERVIEW  SEGMENT DESIGNATION  Hopkins' national production and distribution facility for after-market automotive  products and accessories.  Hopkins is a leading provider of automotive winter tools including ice scrapers, snow brooms, and snow brushes.  The facility has been expanded multiple times over the years to accommodate growing business and product lines, and the tenant recently signed a 16-year lease extension.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Hopkins  N/A  % Leased by Major Lessee  100%  Major Lessee SQFT  320,800  Industry (Major Tenant)  Automobiles & Components  Lease Type  Net  % of Total ABR (Property)  0.5%  Property WALT  14.0 years  BUILDING INFORMATION  Detailed Property Type  Manufacturing  Square Feet  320,800  Total Property % Leased  100%  FAR  0.44  Year Built  1954  Year Renovated  2000  Stories  1  Parking Ratio (per 1,000 SF)  0.8  Industrial Property Stats:  Trailer Parking Spaces  0  Loading Docks  15  Type of Docks (cross, rear, etc.)  Rear  Clear Height  21'  18  Property of Peakstone Realty Trust 
 

 Fidelity Building Services  25 Loveton Circle  Sparks Glencoe, MD 21152  Portfolio Segment Industrial  Region Northeast  Market Baltimore  Submarket Route 83 Corridor  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  Corporate headquarters and warehouse for Fidelity Building Services Group, an  integrated building services engineering firm.  Fidelity provides best in class integrated building services throughout the Mid-Atlantic and Southeast, including: HVAC/Mechanical Services, Engineering Retrofits & Targeted Design-Build, IOT, Building Automation & Controls, Emergency Power Generator & Electrification.  SEGMENT DESIGNATION  MARKET INFORMATION  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Fidelity Building Services  N/A  % Leased by Major Lessee  100%  Major Lessee SQFT  54,800  Industry (Major Tenant)  Commercial & Professional Services  Lease Type  Net  % of Total ABR (Property)  0.3%  Property WALT  12.0 years  BUILDING INFORMATION  Detailed Property Type  Industrial/R&D  Square Feet  54,800  Total Property % Leased  100%  FAR  0.23  Year Built  1981  Year Renovated  N/A  Stories  1  Parking Ratio (per 1,000 SF)  2.7  Industrial Property Stats:  Trailer Parking Spaces  0  Loading Docks  2  Type of Docks (cross, rear, etc.)  Rear  Clear Height  14'  19  Property of Peakstone Realty Trust 
 

 Office Segment Property Summaries 
 

 Southern Company  3525 & 3535 Colonnade Parkway  Birmingham, AL 35243  Portfolio Segment Office  Region Southeast  Market Birmingham  Submarket South Jefferson  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  MARKET INFORMATION  PROPERTY OVERVIEW  Division headquarters for Southern Company Services and Southern Nuclear.  As part of the 2018 renovation the tenant invested significant amounts of its own capital. The funds were used for an extensive reconstruction of the base building which replaced or upgraded most the building's mechanical systems as well as an expansion of the adjacent parking deck.  SEGMENT DESIGNATION  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Southern Company  BBB+  % Leased by Major Lessee  100%  Major Lessee SQFT  669,400  Industry (Major Tenant)  Utilities  Lease Type  Net  % of Total ABR (Property)  4.3%  Property WALT  21.2 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  669,400  Total Property % Leased  100%  FAR  0.80  Year Built  1988  Year Renovated  2018  Stories  9  Parking Ratio (per 1,000 SF)  2.8  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  20  Property of Peakstone Realty Trust 
 

 Portfolio Segment Office  Co-corporate headquarters for Keurig Dr. Pepper.  Located along the coveted Route 128/Interstate 95 corridor at its junction with Route 3 in Burlington, which is one of the region’s most desirable mixed-use destinations.  Trophy office tower constructed to a first-class headquarters quality standard which is important for Fortune 500 tenants like Keurig Dr. Pepper.  SEGMENT DESIGNATION  MARKET INFORMATION  Region Northeast  Market Boston  Submarket Route 128 North  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  Keurig Dr. Pepper (53 South Avenue)  53 South Avenue  Burlington, MA 01803  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Keurig Dr. Pepper  BBB  % Leased by Major Lessee  100%  Major Lessee SQFT  280,600  Industry (Major Tenant)  Food, Beverage & Tobacco  Lease Type  Net  % of Total ABR (Property)  4.1%  Property WALT  6.9 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  280,600  Total Property % Leased  100%  FAR  1.69  Year Built  2014  Year Renovated  N/A  Stories  6  Parking Ratio (per 1,000 SF)  3.1  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  21  Property of Peakstone Realty Trust 
 

 Portfolio Segment Office  Corporate headquarters for Freeport McMoRan, a leading international mining  company.  The ownership interest is a condominium comprised of floors 19-26 and half of the ground floor.  The ownership interest makes up 48% of the building, the remaining 52% (floors 11-18) is occupied by the Westin Phoenix Downtown, a 242-room, four-diamond hotel. Floors 2- 10 include parking and are shared by the building occupants.  SEGMENT DESIGNATION  MARKET INFORMATION  Region Southwest  Market Phoenix  Submarket Phoenix Central  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  Freeport McMoRan  333 N. Central Ave Phoenix, AZ 85004  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Freeport McMoRan  Baa2  % Leased by Major Lessee  99%  Major Lessee SQFT  246,500  Industry (Major Tenant)  Materials  Lease Type  Base Year  % of Total ABR (Property)  3.7%  Property WALT  4.4 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  249,000  Total Property % Leased  99%  FAR  N/A  Year Built  2010  Year Renovated  N/A  Stories  N/A  Parking Ratio (per 1,000 SF)  2.1  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  22  Property of Peakstone Realty Trust 
 

 Maxar Technologies  1300 West 120th Avenue Westminster, CO 80234  Portfolio Segment Office  MARKET INFORMATION  Region West  Market Denver  Submarket North Denver  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  Global headquarters for Maxar Technologies, a space technology company focused on  providing geospatial intelligence solutions through its two operating segments, Earth Intelligence and Space Infrastructure.  Includes SCIF and data center space.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Maxar Technologies  B+  % Leased by Major Lessee  100%  Major Lessee SQFT  430,000  Industry (Major Tenant)  Capital Goods  Lease Type  Net  % of Total ABR (Property)  3.6%  Property WALT  7.5 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  430,000  Total Property % Leased  100%  FAR  0.31  Year Built  2002  Year Renovated  N/A  Stories  4  Parking Ratio (per 1,000 SF)  4.1  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  23  Property of Peakstone Realty Trust 
 

 Portfolio Segment Office  The property is 70% leased to Guild Mortgage with the remaining 30% leased to Cox  Communications.  Highly visible from its elevated position on a bluff at the southeast corner of the Interstate 805 and Highway 52 interchange, offering excellent visibility and accessibility.  SEGMENT DESIGNATION  MARKET INFORMATION  Region West  Market San Diego  Submarket Kearny Mesa  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  Terraces at Copley Point  5887 Copley Drive San Diego, CA 92111  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Multi-Tenant  Credit(1)  Tenant  Guild Mortgage  IG10  % Leased by Major Lessee  70%  Major Lessee SQFT  141,700  Industry (Major Tenant)  Commercial & Professional Services  Lease Type  Base Year + E  % of Total ABR (Property)  3.3%  Property WALT  5.4 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  201,700  Total Property % Leased  100%  FAR  0.41  Year Built  2009  Year Renovated  N/A  Stories  6  Parking Ratio (per 1,000 SF)  3.8  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  24  Property of Peakstone Realty Trust 
 

 LPL (1055 & 1060 LPL Way)  1055 & 1060 LPL Way  Fort Mill, SC 29175  Portfolio Segment Office  Region Southeast  Market Charlotte  Submarket York County  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  MARKET INFORMATION  PROPERTY OVERVIEW  SEGMENT DESIGNATION  The property is one of two adjacent buildings developed as a build-to-suit for LPL and  serves as the largest of its four primary U.S. office locations.  Asset is located in a thriving mixed-use development with walkable retail, lodging, and excellent accessibility to Interstate 77.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  LPL  Baa3  % Leased by Major Lessee  100%  Major Lessee SQFT  307,200  Industry (Major Tenant)  Diversified Financials  Lease Type  Net  % of Total ABR (Property)  2.7%  Property WALT  13.8 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  307,200  Total Property % Leased  100%  FAR  0.54  Year Built  2016  Year Renovated  N/A  Stories  6  Parking Ratio (per 1,000 SF)  4.2  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  25  Property of Peakstone Realty Trust 
 

 Portfolio Segment Office  SEGMENT DESIGNATION  MARKET INFORMATION  Property is 100% leased to Travel & Leisure.  Asset is located in the desirable Parsippany, NJ office market with excellent accessibility to Interstate 287.  The Class "A" property was built in 2013 and contains high-end finishes, amenities, and achieved LEED Gold certification.  Region Northeast  Market Northern New Jersey  Submarket Parsippany  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  Travel & Leisure, Co.  14 Sylvan Way  Parsippany, NJ 07045  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Travel & Leisure  BB-  % Leased by Major Lessee  100%  Major Lessee SQFT  203,500  Industry (Major Tenant)  Consumer Services  Lease Type  Net  % of Total ABR (Property)  2.7%  Property WALT  6.7 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  203,500  Total Property % Leased  100%  FAR  0.20  Year Built  2013  Year Renovated  N/A  Stories  3  Parking Ratio (per 1,000 SF)  3.9  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  26  Property of Peakstone Realty Trust 
 

 Wood Group (Westgate III)  17325 Park Row  Houston, TX 77084  Portfolio Segment Office  MARKET INFORMATION  Region Southwest  Market Houston  Submarket Katy Freeway West  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  Corporate headquarters for Wood Group USA, a business unit of John Wood Group PLC.  Located in the Energy Corridor submarket of Houston along Interstate 10, midway between Beltway 8 and the Grand Parkway.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Wood Group  HY6  % Leased by Major Lessee  100%  Major Lessee SQFT  226,300  Industry (Major Tenant)  Energy  Lease Type  Net  % of Total ABR (Property)  2.6%  Property WALT  11.0 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  226,300  Total Property % Leased  100%  FAR  0.88  Year Built  2014  Year Renovated  N/A  Stories  5  Parking Ratio (per 1,000 SF)  4.0  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  27  Property of Peakstone Realty Trust 
 

 IGT  6355 South Buffalo Drive Las Vegas, NV 89113  Portfolio Segment Office  Region Southwest  Market Las Vegas  Submarket South Las Vegas  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  MARKET INFORMATION  PROPERTY OVERVIEW  North American headquarters for IGT Gaming.  IGT is the global leader in gaming across four channels including lotteries, gaming machines, sports betting, and digital.  The property provides locational benefits for IGT, including close proximity to the Las Vegas Strip and access to labor pools across the metropolitan area.  SEGMENT DESIGNATION  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  IGT  BB+  % Leased by Major Lessee  100%  Major Lessee SQFT  222,300  Industry (Major Tenant)  Consumer Services  Lease Type  Net  % of Total ABR (Property)  2.4%  Property WALT  8.0 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  222,300  Total Property % Leased  100%  FAR  0.38  Year Built  2008  Year Renovated  N/A  Stories  3  Parking Ratio (per 1,000 SF)  4.0  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  28  Property of Peakstone Realty Trust 
 

 Portfolio Segment Office  Located in one of the top submarkets of Memphis, the property was developed as a  build-to-suit for International Paper.  One of three buildings comprising International Paper’s global headquarters campus.  SEGMENT DESIGNATION  MARKET INFORMATION  Region Southeast  Market Memphis  Submarket East Memphis  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  (2) Lease restricts certain disclosures.  International Paper  1740 International Drive  Memphis, TN 38120  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  International Paper  BBB  % Leased by Major Lessee  100%  Major Lessee SQFT  238,600  Industry (Major Tenant)  Materials  Lease Type  Net  % of Total ABR (Property)  2.3%  Property WALT(2)  7.0+ years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  238,600  Total Property % Leased  100%  FAR  1.07  Year Built  2015  Year Renovated  N/A  Stories  9  Parking Ratio (per 1,000 SF)  4.1  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  29  Property of Peakstone Realty Trust 
 

 Portfolio Segment Office  SEGMENT DESIGNATION  MARKET INFORMATION  Corporate headquarters for onsemi.  The tenant recently executed a new lease which represents one of the largest office leases executed in the Phoenix MSA over the past three years.  Offers highly visible building top signage in addition to 450+ feet of building frontage along the 101 Freeway.  Region Southwest  Market Phoenix  Submarket Scottsdale South  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  (2) Lease restricts certain disclosures.  onsemi (5701 N. Pima Road)  5701 N. Pima Road Scottsdale, AZ 85250  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  onsemi  BB+  % Leased by Major Lessee  100%  Major Lessee SQFT  133,400  Industry (Major Tenant)  Semiconductors & Semiconductor Equipment  Lease Type  Net  % of Total ABR (Property)  1.6%  Property WALT(2)  -  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  133,400  Total Property % Leased  100%  FAR  0.20  Year Built  2017  Year Renovated  N/A  Stories  2  Parking Ratio (per 1,000 SF)  7.7  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  30  Property of Peakstone Realty Trust 
 

 Portfolio Segment Office  MARKET INFORMATION  Corporate headquarters for Zoetis, a global leader in the discovery, development,  manufacture and commercialization of animal health medicines and vaccines.  The property was a renovation-to-suit for Zoetis. As part of the renovation the building was stripped down to the frame and transformed to a state-of-the-art headquarters including the addition of a parking deck to expand the parking count.  SEGMENT DESIGNATION  Region Northeast  Market Northern New Jersey  Submarket Parsippany  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  (2) Lease restricts certain disclosures.  Zoetis  10 Sylvan Way  Parsippany, NJ 07054  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Zoetis  Baa1  % Leased by Major Lessee  100%  Major Lessee SQFT  125,700  Industry (Major Tenant)  Pharmaceuticals, Biotechnology & Life Sciences  Lease Type  Net  % of Total ABR (Property)  1.5%  Property WALT(2)  -  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  125,700  Total Property % Leased  100%  FAR  0.31  Year Built  1984  Year Renovated  2016  Stories  3  Parking Ratio (per 1,000 SF)  4.2  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  31  Property of Peakstone Realty Trust 
 

 Portfolio Segment Office  Property is leased to McKesson.  The building is LEED certified and offers highly visible building top signage in addition to 450+ feet of building frontage along the 101 Freeway.  SEGMENT DESIGNATION  MARKET INFORMATION  Region Southwest  Market Phoenix  Submarket Scottsdale South  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  (2) Lease restricts certain disclosures.  McKesson (5801 N. Pima Road)  5801 N. Pima Road Scottsdale, AZ 85250  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  McKesson  BBB+  % Leased by Major Lessee  100%  Major Lessee SQFT  124,900  Industry (Major Tenant)  Health Care Equipment & Services  Lease Type  Net  % of Total ABR (Property)  1.4%  Property WALT(2)  -  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  124,900  Total Property % Leased  100%  FAR  0.26  Year Built  2019  Year Renovated  N/A  Stories  2  Parking Ratio (per 1,000 SF)  5.9  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  32  Property of Peakstone Realty Trust 
 

 McKesson (5601 N. Pima Road)  5601 N. Pima Road Scottsdale, AZ 85250  Portfolio Segment Office  MARKET INFORMATION  Region Southwest  Market Phoenix  Submarket Scottsdale South  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  (2) Lease restricts certain disclosures.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  Property is leased to McKesson.  The building is LEED certified and offers highly visible building top signage in addition to 450+ feet of building frontage along the 101 Freeway.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  McKesson  BBB+  % Leased by Major Lessee  100%  Major Lessee SQFT  138,200  Industry (Major Tenant)  Health Care Equipment & Services  Lease Type  Net  % of Total ABR (Property)  1.4%  Property WALT(2)  -  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  138,200  Total Property % Leased  100%  FAR  0.20  Year Built  2017  Year Renovated  N/A  Stories  2  Parking Ratio (per 1,000 SF)  6.7  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  33  Property of Peakstone Realty Trust 
 

 Portfolio Segment Office  Property is 93% leased to two tenants and serves as the corporate headquarters for  Johnson, Mirmiran & Thompson ("JMT") which occupies 89% of the building.  The building is LEED certified and was developed in 2017 as a build-to-suit for JMT, a regional engineering and design firm.  SEGMENT DESIGNATION  MARKET INFORMATION  Region Northeast  Market Baltimore  Submarket Route 83 North  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  40 Wight  40 Wight Avenue  Hunt Valley, MD 21030  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Multi-Tenant  Credit(1)  Tenant  Johnson, Mirmiran & Thompson  N/A  % Leased by Major Lessee  89%  Major Lessee SQFT  117,800  Industry (Major Tenant)  Commercial & Professional Services  Lease Type  Net  % of Total ABR (Property)  1.4%  Property WALT  9.8 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  132,200  Total Property % Leased  93%  FAR  0.33  Year Built  2017  Year Renovated  N/A  Stories  5  Parking Ratio (per 1,000 SF)  4.3  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  34  Property of Peakstone Realty Trust 
 

 York Space Systems (East Village)  6060 South Willow Drive Greenwood Village, CO 80111  Portfolio Segment Office  MARKET INFORMATION  Region West  Market Denver  Submarket Southeast Denver  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  Satellite assembly and operations facility for York Space Systems.  York Space Systems is a company focusing on designing and manufacturing spacecraft platforms.  Property underwent a full building renovation in 2020 at a cost of approximately $9m ($65/sf).  Asset has excellent access to Interstate 25 and is located less than one half mile north of the Arapahoe at Village Center Station light rail stop.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  York Space Systems  N/A  % Leased by Major Lessee  100%  Major Lessee SQFT  138,100  Industry (Major Tenant)  Capital Goods  Lease Type  Net  % of Total ABR (Property)  1.4%  Property WALT  9.0 years  BUILDING INFORMATION  Detailed Property Type  Office/R&D  Square Feet  138,100  Total Property % Leased  100%  FAR  0.50  Year Built  1982  Year Renovated  2020  Stories  3  Parking Ratio (per 1,000 SF)  4.0  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  35  Property of Peakstone Realty Trust 
 

 Portfolio Segment Office  Constructed in 2014 as a build-to-suit for the tenant, the building contains office and lab  space. The tenant's focus is on seed and crop protection solutions for the agriculture industry.  SEGMENT DESIGNATION  MARKET INFORMATION  Region Midwest  Market Des Moines  Submarket Western Suburbs  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  Corteva Agriscience  8501 NW 62nd Ave Johnston, IA 50131  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Corteva Agriscience  A  % Leased by Major Lessee  100%  Major Lessee SQFT  184,300  Industry (Major Tenant)  Materials  Lease Type  Net  % of Total ABR (Property)  1.4%  Property WALT  3.9 years  BUILDING INFORMATION  Detailed Property Type  Office/Lab  Square Feet  184,300  Total Property % Leased  100%  FAR  0.29  Year Built  2014  Year Renovated  N/A  Stories  2  Parking Ratio (per 1,000 SF)  3.6  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  36  Property of Peakstone Realty Trust 
 

 Portfolio Segment Office  Office/Lab/R&D facility for Keurig Dr. Pepper.  Class "A" building with approximately 50,000 sf of office space, 40,000 sf of lab space, and 60,000 sf of warehouse research and design space.  The building contains 6,000 amps power, 22' clear heights in the warehouse R&D space, and other specialized infrastructure to support the lab functions.  SEGMENT DESIGNATION  MARKET INFORMATION  Region Northeast  Market Boston  Submarket Route 128 North  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  Keurig Dr. Pepper (63 South Avenue)  63 South Avenue  Burlington, MA 01803  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Keurig Dr. Pepper  BBB  % Leased by Major Lessee  100%  Major Lessee SQFT  150,700  Industry (Major Tenant)  Food, Beverage & Tobacco  Lease Type  Net  % of Total ABR (Property)  1.3%  Property WALT  6.9 years  BUILDING INFORMATION  Detailed Property Type  Office/Lab/R&D  Square Feet  150,700  Total Property % Leased  100%  FAR  0.58  Year Built  2013  Year Renovated  N/A  Stories  2  Parking Ratio (per 1,000 SF)  1.8  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  37  Property of Peakstone Realty Trust 
 

 LPL (1040 LPL Way)  1040 LPL Way  Fort Mill, SC 29175  Portfolio Segment Office  MARKET INFORMATION  Region Southeast  Market Charlotte  Submarket York County  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  The property is one of two adjacent buildings developed as a build-to-suit for LPL and  serves as the largest of its four primary U.S. office locations.  Asset is located in a thriving mixed-use development with walkable retail, lodging, and excellent accessibility to Interstate 77.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  LPL  Baa3  % Leased by Major Lessee  100%  Major Lessee SQFT  144,400  Industry (Major Tenant)  Diversified Financials  Lease Type  Net  % of Total ABR (Property)  1.3%  Property WALT  13.8 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  144,400  Total Property % Leased  100%  FAR  1.02  Year Built  2016  Year Renovated  N/A  Stories  6  Parking Ratio (per 1,000 SF)  4.2  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  38  Property of Peakstone Realty Trust 
 

 Toshiba TEC  3901 South Miami Boulevard Durham, NC 27709  Portfolio Segment Office  Region Southeast  Market Raleigh/Durham  Submarket RTP  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  Corporate headquarters for Toshiba Global Commerce Solutions, a subsidiary of Toshiba  Tec Corporation, which provides integrated in-store solutions for retailers globally.  Building features include an expanded lobby with a "Solutions Showcase" highlighting the tenant's latest product innovations.  Property's location is immediately adjacent to Research Triangle Park, the largest research park in the United States.  SEGMENT DESIGNATION  MARKET INFORMATION  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Toshiba TEC  BB+  % Leased by Major Lessee  100%  Major Lessee SQFT  200,800  Industry (Major Tenant)  Technology Hardware & Equipment  Lease Type  Net  % of Total ABR (Property)  1.2%  Property WALT  5.3 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  200,800  Total Property % Leased  100%  FAR  0.19  Year Built  1999  Year Renovated  2016  Stories  4  Parking Ratio (per 1,000 SF)  4.4  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  39  Property of Peakstone Realty Trust 
 

 Portfolio Segment Office  Corporate headquarters for Mercury Systems, a leading provider of mission-critical  technology solutions for the global aerospace and defense industry.  Contains SCIF's, R&D labs, and other secure areas.  SEGMENT DESIGNATION  MARKET INFORMATION  Region Northeast  Market Boston  Submarket Andover  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  Mercury Systems  50 Minuteman Road  Andover, MA 01810  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Mercury Systems  IG8  % Leased by Major Lessee  100%  Major Lessee SQFT  145,300  Industry (Major Tenant)  Capital Goods  Lease Type  Net  % of Total ABR (Property)  1.2%  Property WALT  9.3 years  BUILDING INFORMATION  Detailed Property Type  Office/Lab  Square Feet  145,300  Total Property % Leased  100%  FAR  0.24  Year Built  1997  Year Renovated  N/A  Stories  3  Parking Ratio (per 1,000 SF)  3.5  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  40  Property of Peakstone Realty Trust 
 

 Portfolio Segment Office  Specialized facility for Occidental Petroleum housing the company’s Integrated  Operating Center for oil and gas production in the DJ Basin.  The on-site antennae gather “real time” data from the company's wells in the field.  Property is located in Weld County, which is responsible for roughly 83% of the state’s crude oil production as well as 52% of the natural gas production.  SEGMENT DESIGNATION  MARKET INFORMATION  Region West  Market Platteville  Submarket Weld County  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  Occidental Petroleum  501 North Division Street Platteville, CO 80651  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Occidental Petroleum  BB+  % Leased by Major Lessee  100%  Major Lessee SQFT  114,500  Industry (Major Tenant)  Energy  Lease Type  Net  % of Total ABR (Property)  1.1%  Property WALT  10.8 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  114,500  Total Property % Leased  100%  FAR  0.18  Year Built  2013  Year Renovated  N/A  Stories  2  Parking Ratio (per 1,000 SF)  4.7  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  41  Property of Peakstone Realty Trust 
 

 Portfolio Segment Office  Corporate headquarters for Avnet, a technology solutions company focused on  marketing, selling, and distributing electronic components.  The property has excellent access along Highway 143 and is located less than three miles from Phoenix Sky Harbor International Airport.  SEGMENT DESIGNATION  MARKET INFORMATION  Region Southwest  Market Phoenix  Submarket Airport  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  Avnet (Phoenix)  2211 S 47th Street Phoenix, AZ 85034  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Avnet  BBB-  % Leased by Major Lessee  100%  Major Lessee SQFT  176,400  Industry (Major Tenant)  Technology Hardware & Equipment  Lease Type  Net  % of Total ABR (Property)  1.0%  Property WALT  3.7 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  176,400  Total Property % Leased  100%  FAR  0.36  Year Built  1997  Year Renovated  N/A  Stories  2  Parking Ratio (per 1,000 SF)  5.8  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  42  Property of Peakstone Realty Trust 
 

 PPG  400 Bertha Lamme Drive Cranberry Township, PA 16066  Portfolio Segment Office  MARKET INFORMATION  Region Northeast  Market Pittsburgh  Submarket Butler County  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  The property serves as PPG Paints' Architectural Coatings regional headquarters.  Excellent access to Interstate 79 via the Highway 228 interchange and located within the Cranberry Woods Office Park, considered to be Western Pennsylvania's premier business address location.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  PPG  A3  % Leased by Major Lessee  100%  Major Lessee SQFT  118,000  Industry (Major Tenant)  Retailing  Lease Type  Net  % of Total ABR (Property)  1.0%  Property WALT  8.0 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  118,000  Total Property % Leased  100%  FAR  0.11  Year Built  2010  Year Renovated  N/A  Stories  3  Parking Ratio (per 1,000 SF)  5.0  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  43  Property of Peakstone Realty Trust 
 

 Portfolio Segment Office  MARKET INFORMATION  Corporate headquarters for MISO (Midcontinent Independent System Operator).  The building is connected via skyway to MISO's mission-critical control center where the company manages the flow of high-voltage electricity for 45 million customers across 15  U.S. states and the Canadian province of Manitoba.  Located in the highly desirable submarket of Carmel.  SEGMENT DESIGNATION  Region Midwest  Market Indianapolis  Submarket North Meridian/Carmel  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  MISO  720 City Center Drive Carmel, IN 46032  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  MISO  AA-  % Leased by Major Lessee  100%  Major Lessee SQFT  133,400  Industry (Major Tenant)  Utilities  Lease Type  Net  % of Total ABR (Property)  1.0%  Property WALT  5.3 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  133,400  Total Property % Leased  100%  FAR  0.39  Year Built  2008  Year Renovated  2016  Stories  3  Parking Ratio (per 1,000 SF)  4.5  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  44  Property of Peakstone Realty Trust 
 

 Amentum (Heritage III)  13500 Heritage Parkway Fort Worth, TX 76177  Portfolio Segment Office  MARKET INFORMATION  Region Southwest  Market Dallas/Fort Worth  Submarket Alliance  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  (2) Lease restricts certain disclosures.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  The property is leased to Amentum.  The Class "A" building is located in close proximity to Perot Field Fort Worth Alliance Airport.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Amentum  DS1  % Leased by Major Lessee  100%  Major Lessee SQFT  119,000  Industry (Major Tenant)  Software & Services  Lease Type  Net  % of Total ABR (Property)  0.9%  Property WALT(2)  -  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  119,000  Total Property % Leased  100%  FAR  0.30  Year Built  2006  Year Renovated  N/A  Stories  2  Parking Ratio (per 1,000 SF)  4.9  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  45  Property of Peakstone Realty Trust 
 

 Portfolio Segment Office  North American headquarters for Draeger Medical Systems, a division of Draegerwerks  AG, a leading international manufacturer of medical and safety technology products.  Property is utilized as a design, development and manufacturing facility for the tenant's patient monitoring product line.  SEGMENT DESIGNATION  MARKET INFORMATION  Region Northeast  Market Boston  Submarket Andover  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  Draeger Medical Systems  Six Tech Drive Andover, MA 01810  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Draeger Medical Systems  IG8  % Leased by Major Lessee  100%  Major Lessee SQFT  128,400  Industry (Major Tenant)  Health Care Equipment & Services  Lease Type  Net  % of Total ABR (Property)  0.9%  Property WALT  8.5 years  BUILDING INFORMATION  Detailed Property Type  Office/Lab  Square Feet  128,400  Total Property % Leased  100%  FAR  0.22  Year Built  1984  Year Renovated  2020  Stories  2  Parking Ratio (per 1,000 SF)  3.4  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  46  Property of Peakstone Realty Trust 
 

 Portfolio Segment Office  The property is leased to a subsidiary of Fresenius Medical Care.  Fresenius Medical Care is a healthcare company that provides healthcare professionals with products and solutions for patients with renal failure and chronic kidney disease through a network of outpatient dialysis centers.  Class "A" asset located in Tyler, a growing and affluent outer suburb of Dallas.  MARKET INFORMATION  SEGMENT DESIGNATION  Region Southwest  Market Tyler  Submarket Smith County  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  Fresenius Medical Care  3355 Earl Campbell Pkwy Tyler, TX 75701  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Fresenius Medical Care  Baa3  % Leased by Major Lessee  100%  Major Lessee SQFT  81,000  Industry (Major Tenant)  Health Care Equipment & Services  Lease Type  Net  % of Total ABR (Property)  0.8%  Property WALT  8.8 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  81,000  Total Property % Leased  100%  FAR  0.21  Year Built  2016  Year Renovated  N/A  Stories  2  Parking Ratio (per 1,000 SF)  7.0  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  47  Property of Peakstone Realty Trust 
 

 Portfolio Segment Office  SEGMENT DESIGNATION  MARKET INFORMATION  The property is leased to Cigna.  Developed as a build-to-suit for Cigna in 2012.  Tenant recently renewed its lease in 2021 for 5 years.  Region Southeast  Market Nashville  Submarket MetroCenter  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  Cigna (500 Great Circle Road)  500 Great Circle Road Nashville, TN 37228  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Cigna  A-  % Leased by Major Lessee  100%  Major Lessee SQFT  72,200  Industry (Major Tenant)  Health Care Equipment & Services  Lease Type  Net  % of Total ABR (Property)  0.7%  Property WALT  4.5 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  72,200  Total Property % Leased  100%  FAR  0.19  Year Built  2012  Year Renovated  N/A  Stories  1  Parking Ratio (per 1,000 SF)  5.8  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  48  Property of Peakstone Realty Trust 
 

 Portfolio Segment Office  The property is leased to Express Scripts.  Constructed as a build-to-suit and designed specifically for call center and data center operations, with large, open floor plans that can accommodate a significant number of employee work stations.  SEGMENT DESIGNATION  MARKET INFORMATION  Region Northeast  Market Pittsburgh  Submarket Parkway East  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  Cigna (Express Scripts)  501 Ronda Court  North Huntingdon, PA 15642  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Express Scripts  BBB+  % Leased by Major Lessee  100%  Major Lessee SQFT  70,500  Industry (Major Tenant)  Health Care Equipment & Services  Lease Type  Net  % of Total ABR (Property)  0.7%  Property WALT  2.5 years  BUILDING INFORMATION  Detailed Property Type  Office/Data Center  Square Feet  70,500  Total Property % Leased  100%  FAR  0.11  Year Built  2015  Year Renovated  N/A  Stories  1  Parking Ratio (per 1,000 SF)  9.0  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  49  Property of Peakstone Realty Trust 
 

 AT&T (14500 NE 87th Street)  14500 NE 87th Street Redmond, WA 98052  Portfolio Segment Office  MARKET INFORMATION  Region West  Market Seattle/Puget Sound  Submarket Redmond  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  Mission-critical facility for AT&T consisting of data center, lab, and office space.  Strategically located adjacent to Sammamish Electricity Substation.  Tenant has invested substantial capital into the property (property consists of 14500, 14520, and 14560 NE 87th Street) creating a mission-critical data center and R&D/engineering hub.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  AT&T  BBB+  % Leased by Major Lessee  100%  Major Lessee SQFT  60,000  Industry (Major Tenant)  Telecommunication Services  Lease Type  Net  % of Total ABR (Property)  0.7%  Property WALT  4.7 years  BUILDING INFORMATION  Detailed Property Type  Office/Data Center  Square Feet  60,000  Total Property % Leased  100%  FAR  0.43  Year Built  1995  Year Renovated  N/A  Stories  2  Parking Ratio (per 1,000 SF)  3.0  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  50  Property of Peakstone Realty Trust 
 

 AT&T (14520 NE 87th Street)  14520 NE 87th Street Redmond, WA 98052  Portfolio Segment Office  MARKET INFORMATION  Region West  Market Seattle/Puget Sound  Submarket Redmond  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  Mission-critical facility for AT&T consisting of data center, lab, and office space.  Strategically located adjacent to Sammamish Electricity Substation.  Tenant has invested substantial capital into the property (property consists of 14500, 14520, and 14560 NE 87th Street) creating a mission-critical data center and R&D/engineering hub.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  AT&T  BBB+  % Leased by Major Lessee  100%  Major Lessee SQFT  59,800  Industry (Major Tenant)  Telecommunication Services  Lease Type  Net  % of Total ABR (Property)  0.6%  Property WALT  4.7 years  BUILDING INFORMATION  Detailed Property Type  Office/Data Center  Square Feet  59,800  Total Property % Leased  100%  FAR  0.43  Year Built  1995  Year Renovated  N/A  Stories  2  Parking Ratio (per 1,000 SF)  3.0  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  51  Property of Peakstone Realty Trust 
 

 Parallon  6451 126th Avenue North Largo, FL 33773  Portfolio Segment Office  MARKET INFORMATION  Region Southeast  Market Tampa  Submarket Mid-Pinellas  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  The property is leased to a subsidiary of HCA Healthcare.  HCA Healthcare provides health care services through its general and acute hospital operations which offer medical and surgical services.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Parallon  BBB-  % Leased by Major Lessee  100%  Major Lessee SQFT  83,200  Industry (Major Tenant)  Health Care Equipment & Services  Lease Type  Net  % of Total ABR (Property)  0.6%  Property WALT  2.2 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  83,200  Total Property % Leased  100%  FAR  0.22  Year Built  2013  Year Renovated  N/A  Stories  1  Parking Ratio (per 1,000 SF)  7.6  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  52  Property of Peakstone Realty Trust 
 

 Portfolio Segment Office  The property is leased to Tech Data.  Tech Data is one of the world's largest technology distributors also offering a wide range of technical and business support services.  SEGMENT DESIGNATION  MARKET INFORMATION  Region Southwest  Market San Antonio  Submarket Far North Central  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  Tech Data  19031 Ridgewood Parkway San Antonio, TX 78259  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Tech Data  BBB-  % Leased by Major Lessee  100%  Major Lessee SQFT  58,000  Industry (Major Tenant)  Technology Hardware & Equipment  Lease Type  Net  % of Total ABR (Property)  0.5%  Property WALT  1.9 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  58,000  Total Property % Leased  100%  FAR  0.27  Year Built  2014  Year Renovated  N/A  Stories  2  Parking Ratio (per 1,000 SF)  4.1  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  53  Property of Peakstone Realty Trust 
 

 Rapiscan Systems  23 Frontage Road  Andover, MA 01810  Portfolio Segment Office  MARKET INFORMATION  Region Northeast  Market Boston  Submarket Route 495  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  Property is leased to Rapiscan Systems.  Rapiscan Systems manufactures security equipment and systems designed for checkpoints, cargo, vehicle, baggage, parcel, and air cargo security inspection.  The property has excellent access to Interstate 93.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Rapiscan Systems  IG3  % Leased by Major Lessee  100%  Major Lessee SQFT  64,200  Industry (Major Tenant)  Capital Goods  Lease Type  Net  % of Total ABR (Property)  0.4%  Property WALT  4.4 years  BUILDING INFORMATION  Detailed Property Type  Office/Lab  Square Feet  64,200  Total Property % Leased  100%  FAR  0.34  Year Built  1984  Year Renovated  2014  Stories  2  Parking Ratio (per 1,000 SF)  3.7  Industrial Property Stats:  Trailer Parking Spaces  0  Loading Docks  2  Type of Docks (cross, rear, etc.)  Rear  Clear Height  N/A  54  Property of Peakstone Realty Trust 
 

 Portfolio Segment Office  The property is 100% leased to two tenants, Blue Force Technologies and Ultra  Electronics Ocean Systems.  Blue Force, a firm specializing in design, fabrication and manufacturing of aerospace and defense systems, leases 51% of the property.  Ultra Electronics, a leading supplier to the US Navy, providing acoustic and sonar systems, torpedo defense and radar sensor solutions, leases 49% of the property.  SEGMENT DESIGNATION  MARKET INFORMATION  Region Southeast  Market Raleigh/Durham  Submarket Wake Forest  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  (2) Major Lessee based on Tenant ABR.  136 & 204 Capcom  136 & 204 Capcom Avenue Wake Forest, NC 27587  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Multi-Tenant  Credit(1)  Tenant  Ultra Electronics Ocean Systems  HY1  % Leased by Major Lessee(2)  49%  Major Lessee SQFT  31,000  Industry (Major Tenant)  Capital Goods  Lease Type  Net  % of Total ABR (Property)  0.4%  Property WALT  3.2 years  BUILDING INFORMATION  Detailed Property Type  Office/R&D  Square Feet  63,000  Total Property % Leased  100%  FAR  0.24  Year Built  2010  Year Renovated  N/A  Stories  2  Parking Ratio (per 1,000 SF)  2.7  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  55  Property of Peakstone Realty Trust 
 

 AT&T (14560 NE 87th Street)  14560 NE 87th Street Redmond, WA 98052  Portfolio Segment Office  MARKET INFORMATION  Region West  Market Seattle/Puget Sound  Submarket Redmond  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  Mission-critical facility for AT&T consisting of data center and office space.  Strategically located adjacent to Sammamish Electricity Substation.  Tenant has invested substantial capital into the property (property consists of 14500, 14520, and 14560 NE 87th Street) creating a mission-critical data center and R&D/engineering hub.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  AT&T  BBB+  % Leased by Major Lessee  100%  Major Lessee SQFT  36,000  Industry (Major Tenant)  Telecommunication Services  Lease Type  Net  % of Total ABR (Property)  0.4%  Property WALT  4.7 years  BUILDING INFORMATION  Detailed Property Type  Office/Data Center  Square Feet  36,000  Total Property % Leased  100%  FAR  0.43  Year Built  1995  Year Renovated  N/A  Stories  2  Parking Ratio (per 1,000 SF)  3.0  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  56  Property of Peakstone Realty Trust 
 

 Portfolio Segment Office  SEGMENT DESIGNATION  MARKET INFORMATION  Upon the estimated commencement date of January 1, 2024, the property will serve as  the corporate headquarters for a confidential healthcare laboratory company.  Tenant's buildout will include numerous labs in addition to office space.  Region Southeast  Market Nashville  Submarket Metro Center  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  (2) Lease restricts certain disclosures.  530 Great Circle Road  530 Great Circle Road Nashville, TN 37228  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant(2)  -  HY6  % Leased by Major Lessee  100%  Major Lessee SQFT  98,400  Industry (Major Tenant)  Health Care Equipment & Services  Lease Type  Net  % of Total ABR (Property)  0.0%  Property WALT(2)  -  BUILDING INFORMATION  Detailed Property Type  Office/Lab  Square Feet  98,400  Total Property % Leased  100%  FAR  0.19  Year Built  2011  Year Renovated  N/A  Stories  1  Parking Ratio (per 1,000 SF)  5.8  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  57  Property of Peakstone Realty Trust 
 

 Other Segment Property Summaries 
 

 Wyndham Hotels & Resorts  22 Sylvan Way  Parsippany, NJ 07054  Portfolio Segment Other  MARKET INFORMATION  Region Northeast  Market Northern New Jersey  Submarket Parsippany  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  Global headquarters for Wyndham Hotels & Resorts.  Asset is located in the desirable Parsippany, NJ office market with excellent accessibility to Interstate 287.  Property features an above standard amenity package that was designed to emulate the amenities found in 5-star Wyndham hotels.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Wyndham Hotels & Resorts  BB-  % Leased by Major Lessee  100%  Major Lessee SQFT  249,400  Industry (Major Tenant)  Consumer Services  Lease Type  Net  % of Total ABR (Property)  3.4%  Property WALT  6.7 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  249,400  Total Property % Leased  100%  FAR  0.25  Year Built  2009  Year Renovated  N/A  Stories  3  Parking Ratio (per 1,000 SF)  4.0  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  58  Property of Peakstone Realty Trust 
 

 Wood Group (Westgate II)  17320 Katy Freeway  Houston, TX 77094  Portfolio Segment Other  MARKET INFORMATION  Region Southwest  Market Houston  Submarket Energy Corridor  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  The property is leased to Wood Group.  Located in the Energy Corridor submarket of Houston along Interstate 10 midway between Beltway 8 and the Grand Parkway.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Wood Group  HY6  % Leased by Major Lessee  100%  Major Lessee SQFT  186,300  Industry (Major Tenant)  Energy  Lease Type  Net  % of Total ABR (Property)  2.1%  Property WALT  1.3 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  186,300  Total Property % Leased  100%  FAR  0.62  Year Built  2014  Year Renovated  N/A  Stories  4  Parking Ratio (per 1,000 SF)  4.4  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  59  Property of Peakstone Realty Trust 
 

 Schlumberger  1200 Enclave Parkway  Houston, TX 77077  Portfolio Segment Other  MARKET INFORMATION  Region Southwest  Market Houston  Submarket Energy Corridor  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  (2) Lease restricts certain disclosures.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  The property is leased to Schlumberger.  Located in the Energy Corridor submarket of Houston with immediate access off of Enclave Parkway which connects to the area's major north-south thoroughfare, Eldridge Parkway.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Schlumberger  A  % Leased by Major Lessee  97%  Major Lessee SQFT  144,600  Industry (Major Tenant)  Energy  Lease Type  Net  % of Total ABR (Property)  1.7%  Property WALT(2)  -  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  149,700  Total Property % Leased  98%  FAR  0.64  Year Built  1999  Year Renovated  N/A  Stories  6  Parking Ratio (per 1,000 SF)  5.0  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  60  Property of Peakstone Realty Trust 
 

 Level 3 (ParkRidge One)  10475 Park Meadows Drive Lone Tree, CO 80124  Portfolio Segment Other  MARKET INFORMATION  Region West  Market Denver  Submarket Lone Tree  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  (2) Lease restricts certain disclosures.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  The property is leased to Level 3.  Property has excellent access to Interstate 25 via Lincoln Ave. interchange and is located less than one mile north of the Sky Ridge Station light rail stop.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Level 3  BB  % Leased by Major Lessee  100%  Major Lessee SQFT  166,700  Industry (Major Tenant)  Telecommunication Services  Lease Type  Base Year  % of Total ABR (Property)  1.6%  Property WALT(2)  -  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  166,700  Total Property % Leased  100%  FAR  0.38  Year Built  1999  Year Renovated  N/A  Stories  6  Parking Ratio (per 1,000 SF)  4.1  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  61  Property of Peakstone Realty Trust 
 

 Raytheon Technologies  2730 West Tyvola Road Charlotte, NC 28217  Portfolio Segment Other  MARKET INFORMATION  Region Southeast  Market Charlotte  Submarket Airport  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  (2) Lease restricts certain disclosures.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  The property is leased to Raytheon Technologies and serves as the headquarters for  Raytheon's Collins Aerospace business unit.  Located in the 65 acre Coliseum Centre office park with six multistory office buildings. Coliseum Centre is less than five miles from Charlotte Douglass International Airport and includes best-in-class construction, landscaping, and tenancy.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Raytheon Technologies  A-  % Leased by Major Lessee  100%  Major Lessee SQFT  198,900  Industry (Major Tenant)  Capital Goods  Lease Type  Net  % of Total ABR (Property)  1.5%  Property WALT(2)  -  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  198,900  Total Property % Leased  100%  FAR  0.36  Year Built  1999  Year Renovated  N/A  Stories  6  Parking Ratio (per 1,000 SF)  4.1  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  62  Property of Peakstone Realty Trust 
 

 Hitachi Energy  500 West Highway 94 Jefferson City, MO 65101  Portfolio Segment Other  MARKET INFORMATION  Region Midwest  Market Jefferson City  Submarket Jefferson City  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  Manufacturing facility for Hitachi Energy (formerly ABB) for the production of power  transformers, switchgear, and related components and parts.  The property is designed and equipped with extensive above-standard infrastructure, including high-capacity cranes, robotics, and computerized machinery necessary to manufacture large capacity power transformers. The facility is designed to run virtually non-stop (closing down only for scheduled maintenance).  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Hitachi Energy USA  A-  % Leased by Major Lessee  100%  Major Lessee SQFT  660,000  Industry (Major Tenant)  Capital Goods  Lease Type  Net  % of Total ABR (Property)  1.3%  Property WALT  1.7 years  BUILDING INFORMATION  Detailed Property Type  Manufacturing  Square Feet  660,000  Total Property % Leased  100%  FAR  0.16  Year Built  1972  Year Renovated  N/A  Stories  1  Parking Ratio (per 1,000 SF)  1.4  Industrial Property Stats:  Trailer Parking Spaces  0  Loading Docks  12  Type of Docks (cross, rear, etc.)  Rear  Clear Height  25'  63  Property of Peakstone Realty Trust 
 

 Avnet (Chandler)  6700 West Morelos Place Chandler, AZ 85226  Portfolio Segment Other  MARKET INFORMATION  Region Southwest  Market Phoenix  Submarket Chandler  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  (2) Lease restricts certain disclosures.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  Headquarters and logistics facility for Avnet Integrated, a business unit of Avnet.  Tenant utilizes property as an R&D and assembly facility for its hardware and software products.  Excellent access to Interstate 10 via the Loop 202 interchange.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Avnet  BBB-  % Leased by Major Lessee  100%  Major Lessee SQFT  231,500  Industry (Major Tenant)  Technology Hardware & Equipment  Lease Type  Net  % of Total ABR (Property)  1.3%  Property WALT(2)  -  BUILDING INFORMATION  Detailed Property Type  Industrial/R&D  Square Feet  231,500  Total Property % Leased  100%  FAR  0.40  Year Built  2008  Year Renovated  N/A  Stories  2  Parking Ratio (per 1,000 SF)  2.1  Industrial Property Stats:  Trailer Parking Spaces  0  Loading Docks  14  Type of Docks (cross, rear, etc.)  Rear  Clear Height  35'  64  Property of Peakstone Realty Trust 
 

 Franklin Center  6841 Benjamin Franklin Drive Columbia, MD 21046  Portfolio Segment Other  MARKET INFORMATION  Region Northeast  Market Baltimore  Submarket Columbia South  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  The property is currently 55% leased to two tenants.  Leidos, the primary tenant, utilizes the property to serve various government contracts and its space contains SCIF's and other secure areas.  Prominent visibility along Interstate 95.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Multi-Tenant  Credit(1)  Tenant  Leidos  BBB-  % Leased by Major Lessee  54%  Major Lessee SQFT  110,300  Industry (Major Tenant)  Software & Services  Lease Type  Base Year + E  % of Total ABR (Property)  1.2%  Property WALT  3.6 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  202,500  Total Property % Leased  55%  FAR  0.31  Year Built  2008  Year Renovated  N/A  Stories  7  Parking Ratio (per 1,000 SF)  4.9  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  65  Property of Peakstone Realty Trust 
 

 Portfolio Segment Other  Located in the Cummings Research Park, a 3,843 acre office campus with nearly 6.4  million sf of existing buildings. Huntsville is home to NASA’s Marshall Space Flight Center and the US Army Aviation and Missile Command as well as numerous engineering, space, and defense companies in Cummings Research Park.  SEGMENT DESIGNATION  MARKET INFORMATION  Region Southeast  Market Huntsville  Submarket Cummins Research Park  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  KBR  345 Bob Heath Drive Huntsville, AL 35806  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  KBR  BB  % Leased by Major Lessee  100%  Major Lessee SQFT  120,000  Industry (Major Tenant)  Commercial & Professional Services  Lease Type  Base Year  % of Total ABR (Property)  1.0%  Property WALT  0.7 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  120,000  Total Property % Leased  100%  FAR  0.20  Year Built  2013  Year Renovated  N/A  Stories  3  Parking Ratio (per 1,000 SF)  3.5  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  66  Property of Peakstone Realty Trust 
 

 30 Independence  30 Independence Boulevard  Warren, NJ 07059  Portfolio Segment Other  MARKET INFORMATION  Region Northeast  Market Northern New Jersey  Submarket Route 78 East  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  The property is currently 52% leased to six tenants.  Asset recently went through a renovation which led to the procurement of six leases totaling 107,700 SF.  Excellent access to Interstate 78 via the Liberty Corner Rd. interchange.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Multi-Tenant  Credit(1)  Tenant  Bohler Engineering  N/A  % Leased by Major Lessee  17%  Major Lessee SQFT  34,500  Industry (Major Tenant)  Capital Goods  Lease Type  Base Year + E  % of Total ABR (Property)  0.8%  Property WALT  8.4 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  207,300  Total Property % Leased  52%  FAR  0.15  Year Built  1997  Year Renovated  2020  Stories  6  Parking Ratio (per 1,000 SF)  3.7  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  67  Property of Peakstone Realty Trust 
 

 Northrop Grumman  4065 Colonel Glenn Highway Beavercreek, OH 45431  Portfolio Segment Other  MARKET INFORMATION  Region Midwest  Market Cincinnati/Dayton  Submarket East Dayton  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  Developed as a build-to-suit for Northrop Grumman in 2012.  Key location for Northrop Grumman to serve contracts associated with Wright-Patterson Air Force Base, located approximately six miles from the property.  Contains SCIF's and other secure areas.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Northrop Grumman  Baa1  % Leased by Major Lessee  100%  Major Lessee SQFT  99,200  Industry (Major Tenant)  Capital Goods  Lease Type  Net  % of Total ABR (Property)  0.8%  Property WALT  1.7 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  99,200  Total Property % Leased  100%  FAR  0.34  Year Built  2012  Year Renovated  N/A  Stories  3  Parking Ratio (per 1,000 SF)  3.8  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  68  Property of Peakstone Realty Trust 
 

 Portfolio Segment Other  SEGMENT DESIGNATION  MARKET INFORMATION  The property is leased to MGM Resorts.  Located adjacent to Harry Reid International Airport, one of the busiest airports in the United States.  Houses several executive offices.  Region Southwest  Market Las Vegas  Submarket South Las Vegas  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  MGM Corporate Center (880 Grier Drive)  880 Grier Drive  Las Vegas, NV 89119  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  MGM  B+  % Leased by Major Lessee  100%  Major Lessee SQFT  81,000  Industry (Major Tenant)  Consumer Services  Lease Type  Base Year  % of Total ABR (Property)  0.6%  Property WALT  1.7 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  81,000  Total Property % Leased  100%  FAR  0.34  Year Built  1988  Year Renovated  N/A  Stories  2  Parking Ratio (per 1,000 SF)  4.1  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  69  Property of Peakstone Realty Trust 
 

 Hitachi Astemo  9296 Intermodal North Court Columbus, OH 43217  Portfolio Segment Other  MARKET INFORMATION  Region Midwest  Market Columbus  Submarket Southeast Columbus  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  Distribution facility for Hitachi Astemo for various automotive and motorcycle parts.  Strategically located less than one mile from the Rickenbacker Airport and Norfolk Southern Intermodal in a loaded-to-capacity container zone which allows the tenant to receive overweight shipping containers from Asia and transport them directly to the property.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Hitachi Astemo  A  % Leased by Major Lessee  100%  Major Lessee SQFT  304,600  Industry (Major Tenant)  Automobiles & Components  Lease Type  Net  % of Total ABR (Property)  0.6%  Property WALT  2.2 years  BUILDING INFORMATION  Detailed Property Type  Warehouse  Square Feet  304,600  Total Property % Leased  100%  FAR  0.26  Year Built  2014  Year Renovated  N/A  Stories  1  Parking Ratio (per 1,000 SF)  0.4  Industrial Property Stats:  Trailer Parking Spaces  36  Loading Docks  30  Type of Docks (cross, rear, etc.)  Cross  Clear Height  32'  70  Property of Peakstone Realty Trust 
 

 Portfolio Segment Other  SEGMENT DESIGNATION  MARKET INFORMATION  The property is leased to MGM Resorts.  Located adjacent to Harry Reid International Airport, one of the busiest airports in the United States.  Primary location for MGM’s human resources services, including hiring, new employee training, and on-going employee training.  Region Southwest  Market Las Vegas  Submarket South Las Vegas  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  MGM Corporate Center (840 Grier Drive)  840 Grier Drive  Las Vegas, NV 89119  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  MGM  B+  % Leased by Major Lessee  100%  Major Lessee SQFT  60,500  Industry (Major Tenant)  Consumer Services  Lease Type  Base Year  % of Total ABR (Property)  0.4%  Property WALT  1.7 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  60,500  Total Property % Leased  100%  FAR  0.37  Year Built  1997  Year Renovated  N/A  Stories  3  Parking Ratio (per 1,000 SF)  4.2  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  71  Property of Peakstone Realty Trust 
 

 Portfolio Segment Other  SEGMENT DESIGNATION  MARKET INFORMATION  The property is leased to the Administrative Office of Pennsylvania Courts ("AOPC").  AOPC supports the entire judicial system for the Commonwealth of Pennsylvania and houses its data center at the property.  Region Northeast  Market Harrisburg  Submarket Harrisburg Area West  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  Administrative Office of Pennsylvania Courts  5035 Ritter Road  Mechanicsburg, PA 17055  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  AOPC  Aa3  % Leased by Major Lessee  100%  Major Lessee SQFT  56,600  Industry (Major Tenant)  Consumer Services  Lease Type  Net  % of Total ABR (Property)  0.4%  Property WALT  1.5 years  BUILDING INFORMATION  Detailed Property Type  Office/Data Center  Square Feet  56,600  Total Property % Leased  100%  FAR  0.23  Year Built  1988  Year Renovated  N/A  Stories  1  Parking Ratio (per 1,000 SF)  4.3  Industrial Property Stats:  Trailer Parking Spaces  0  Loading Docks  2  Type of Docks (cross, rear, etc.)  Rear  Clear Height  N/A  72  Property of Peakstone Realty Trust 
 

 Owens Corning  4535 Enterprise Drive Northwest Concord, NC 28025  Portfolio Segment Other  MARKET INFORMATION  Region Southeast  Market Charlotte  Submarket Cabarrus County  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  Highly-specialized light manufacturing facility for Owens Corning to produce glass fiber  bushings for a variety of key applications.  Property has excellent access to Interstate 85 via the Highway 73 interchange.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  Owens Corning  BBB  % Leased by Major Lessee  100%  Major Lessee SQFT  61,200  Industry (Major Tenant)  Capital Goods  Lease Type  Net  % of Total ABR (Property)  0.2%  Property WALT  2.0 years  BUILDING INFORMATION  Detailed Property Type  Manufacturing  Square Feet  61,200  Total Property % Leased  100%  FAR  0.23  Year Built  1998  Year Renovated  N/A  Stories  1  Parking Ratio (per 1,000 SF)  1.6  Industrial Property Stats:  Trailer Parking Spaces  0  Loading Docks  1  Type of Docks (cross, rear, etc.)  Rear  Clear Height  26'  73  Property of Peakstone Realty Trust 
 

 Portfolio Segment Other  SEGMENT DESIGNATION  MARKET INFORMATION  The property is leased to MGM Resorts.  Located adjacent to Harry Reid International Airport, one of the busiest airports in the United States.  Region Southwest  Market Las Vegas  Submarket South Las Vegas  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  MGM Corporate Center (950 Grier Drive)  950 Grier Drive  Las Vegas, NV 89119  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Single-Tenant  Credit(1)  Tenant  MGM  B+  % Leased by Major Lessee  100%  Major Lessee SQFT  26,800  Industry (Major Tenant)  Consumer Services  Lease Type  Net  % of Total ABR (Property)  0.1%  Property WALT  1.7 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  26,800  Total Property % Leased  100%  FAR  0.46  Year Built  1989  Year Renovated  N/A  Stories  1  Parking Ratio (per 1,000 SF)  3.7  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  74  Property of Peakstone Realty Trust 
 

 Gold Pointe Corp Ctr Bldg C  11971 Foundation Place Rancho Cordova, CA 95670  Portfolio Segment Other  MARKET INFORMATION  Region West  Market Sacramento  Submarket Highway 50 Corridor  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  (2) Building is occupied by a Café/Fitness Center used by the Association.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  Vacant building located in Rancho Cordova, CA.  Asset is within the Gold Pointe Corporate Center Office Park and offers highly visible building top signage along Highway 50.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Vacant  Credit(1)  Tenant  N/A  N/A  % Leased by Major Lessee  0%  Major Lessee SQFT  0  Industry (Major Tenant)  N/A  Lease Type  N/A  % of Total ABR (Property)  0.0%  Property WALT  0.0 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  145,900  Total Property % Leased(2)  3%  FAR  0.41  Year Built  2002  Year Renovated  N/A  Stories  3  Parking Ratio (per 1,000 SF)  4.0  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  75  Property of Peakstone Realty Trust 
 

 Quebec Court II  5800 South Quebec Street Greenwood Village, CO 80111  Portfolio Segment Other  MARKET INFORMATION  Region West  Market Denver  Submarket Greenwood Village  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  Vacant building located in Greenwood Village, CO.  Greenwood Village submarket is considered one of Denver's premier office hubs and is surrounded by Denver's wealthiest zip codes, providing a strong base of highly skilled workers.  Property has excellent access to Interstate 25 via E. Orchard Rd. interchange and is located one half mile west of the Orchard Station light rail stop.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Vacant  Credit(1)  Tenant  N/A  N/A  % Leased by Major Lessee  0%  Major Lessee SQFT  0  Industry (Major Tenant)  N/A  Lease Type  N/A  % of Total ABR (Property)  0.0%  Property WALT  0.0 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  157,300  Total Property % Leased  0%  FAR  0.58  Year Built  1980  Year Renovated  N/A  Stories  4  Parking Ratio (per 1,000 SF)  4.5  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  76  Property of Peakstone Realty Trust 
 

 Crosspoint  20022 North 31st Avenue Phoenix, AZ 85027  Portfolio Segment Other  MARKET INFORMATION  Region Southwest  Market Phoenix  Submarket Deer Valley  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  (2) Lease restricts certain disclosures.  PROPERTY OVERVIEW  SEGMENT DESIGNATION  The property is currently 8% leased to two tenants.  Asset recently went through a renovation which led to the procurement of two leases totaling 27,600 SF.  Highly improved building common areas including numerous on-site and walkable amenities.  Excellent location near the Interstate 17 and Loop 101 interchange.  TENANT AND PROPERTY INFORMATION  Tenancy Type  Multi-Tenant  Credit(1)  Tenant  First American  BBB+  % Leased by Major Lessee  5%  Major Lessee SQFT  17,000  Industry (Major Tenant)  Insurance  Lease Type  Net  % of Total ABR (Property)  0.0%  Property WALT(2)  -  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  351,600  Total Property % Leased  8%  FAR  0.33  Year Built  1985  Year Renovated  2021  Stories  4  Parking Ratio (per 1,000 SF)  5.5  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  77  Property of Peakstone Realty Trust 
 

 Portfolio Segment Other  MARKET INFORMATION  Vacant building located in Lone Tree, CO.  Property has excellent access to Interstate 25 via the Highway 470 interchange and is located less than one mile north of the Lincoln Station light rail stop.  SEGMENT DESIGNATION  Region West  Market Denver  Submarket Southeast Denver  Notes: Information presented is as of December 31, 2022, unless otherwise noted.  (1) Rating is that of tenant, guarantor and/or non-guarantor parent of tenant that has received a rating from a NRSRO approved by the U.S. Securities and Exchange Commission (e.g., Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings Inc.) or a non-NRSRO credit rating (e.g., Bloomberg’s default risk rating) that management believes is generally equivalent to an NRSRO rating.  Park Meadows Corporate Center II  10002 Park Meadows Drive Lone Tree, CO 80124  PROPERTY OVERVIEW  TENANT AND PROPERTY INFORMATION  Tenancy Type  Vacant  Credit(1)  Tenant  N/A  N/A  % Leased by Major Lessee  0%  Major Lessee SQFT  0  Industry (Major Tenant)  N/A  Lease Type  N/A  % of Total ABR (Property)  0.0%  Property WALT  0.0 years  BUILDING INFORMATION  Detailed Property Type  Office  Square Feet  70,300  Total Property % Leased  0%  FAR  0.34  Year Built  2000  Year Renovated  N/A  Stories  3  Parking Ratio (per 1,000 SF)  4.7  Industrial Property Stats:  Trailer Parking Spaces  N/A  Loading Docks  N/A  Type of Docks (cross, rear, etc.)  N/A  Clear Height  N/A  78  Property of Peakstone Realty Trust