Page 8 - JLL Introduction/Submarket Overview
P. 8

DIMINISHING LEVERAGE TIMELINE









                                                                  POINT OF
                                                                 DIMINISHING
                                                                  LEVERAGE

                                                                                                                                              11/30/2021
                                            OPTIMAL
                                           LEVERAGE               4Q2020                                                                        Lease
         TODAY                               POINT           Renewal Notification                                                             Expiration






              1Q2020           2Q2020             3Q2020           4Q2020            1Q2021           2Q2021             3Q2021            4Q2021




                               Tenant maximum leverage












        LEVERAGE                                                                  RELOCATION
        CREATION                                                                   THREAT NO
                                                                                LONGER CREDIBLE
   3   4   5   6   7   8   9