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Walk-through

Acquisitions

Investment Criteria: PS Business Parks, Inc. (NYSE: PSB) is a self-advised real estate investment trust (REIT) that acquires, repositions, develops, redevelops, and operates multi-tenant commercial properties in select high growth markets across the U.S. PSB acquires both stabilized and “value-add” properties with strong long-term income growth potential and priced below replacement cost.   PSB prefers “value-add” opportunities that include the ability to increase value through vacancy lease-up, repositioning, operations and capital improvements. Net Income/cash flow growth with minimal reoccurring transaction capital are important considerations to all transactions. PSB will consider investment opportunities in other major markets if the portfolio is a minimum of 500,000 square feet.

Product
Type

<p>Preferred property types include multi-tenant:<br /> o Office/Warehouse<br /> o Office<br /> o Industrial<br /> The Company defines &#8220;Office/Warehouse&#8221; space as buildings that are configured with a combination of office and warehouse space and can be designed to fit a number of uses (including office, assembly, showroom, laboratory, light manufacturing and warehouse space).</p>

Investment
Range

<p>PSB will consider opportunities between $10 million and $1 Billion, however, we will also consider smaller deals if they are adjacent to or near an existing PSB asset.</p>

Investment
Terms

<p>All cash and will consider assuming existing debt.</p>

Typical
Transaction

<p>Typical PSB transactions include 30 days due diligence with a 5 day closing.</p>

Contact
Information

<p>Coby Holley | Vice President, Investments<br /> 701 Western Avenue Glendale, CA 91201<br /> Tel. (818) 244-8080 x 1662<br /> Cell. (503) 939-1450<br /> cholley@psbusinessparks.com</p>

Bayshore Corporate Commons

Bayshore Corporate Commons

Acquired by PSB in December 2013, Bayshore Corporate Commons (BCC) offers more than 340,000 square feet of office space in 8 buildings. BCC offers a variety of office suite options ranging from 200 to 20,000 square feet. BCC is located on the San Francisco Peninsula in San Mateo, CA. BCC is close to the US-101 and SR-92 freeways, the San Mateo Bridge, Caltrain Corridor and is within 30 minutes of San Francisco, San Jose and the East Bay.

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