| New 10-year net lease with 3% annual rent increases throughout the lease including renewal options |
| Limited landlord responsibilities with tenant reimbursing operating expenses including insurance, common area maintenance, and management/admin fee |
| Attractive 7-year renewal options at Fair Market Value Rent not to be less than 3% increase over previous year’s rent |
| The tenant, Sutter Medical Foundation, reported $1.85 billion in revenue and $723 million in total assets |
| Sutter Health, headquartered in Sacramento, holds an A+ credit rating from Fitch and reported revenues of $1.92 B and total assets of $7.41 B |
| Sutter Health serves over 3 million people with 12,000 doctors and almost 70,000 advanced practice clinicians, nurses, and employees |
