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Investing - Brookfield Asset Management

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Office – Market Rent Upside<br />

Mark to market opportunities support NOI growth<br />

• Average in-place rents across the portfolio are 20% lower than comparable market rents<br />

$65<br />

$60<br />

$55<br />

$50<br />

$45<br />

$40<br />

$35<br />

$30<br />

$25<br />

$20<br />

Rents by Market<br />

United States Canada Australia<br />

In Place<br />

Market<br />

(US$)<br />

In-Place<br />

Net Rent<br />

Market<br />

Net Rent<br />

Upside<br />

% Leases Rolling<br />

(2011-13)<br />

United States $ 24.38 $ 31.26 28% 23.1%<br />

Canada 26.80 30.60 14% 17.9%<br />

Australia 55.90 58.69 5% 7.5%<br />

Total $ 28.22 $ 33.73 20% 20.3%<br />

64<br />

| <strong>Brookfield</strong> <strong>Asset</strong> <strong>Management</strong> Inc.

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