Nonaccrual Assets $ millions

Location	Property Type	Carrying Value
East Rutherford, New Jersey	Retail	$ 188
Los Angeles, California	Office	137
Arlington, Virginia	Office	122
Queens, New York	Industrial	110
Brooklyn, New York	Office	97
Washington, D.C.	Office	16
Dublin, Ireland(a)	Office	9
Carrying Value of Nonaccrual Loans		$ 679
Preferred Equity Interests		96
Total Carrying Value of Nonaccrual Assets		$ 775

Property Type <::pie chart showing property type distribution: Office 56% Retail 28% Industrial 16% pie chart showing location distribution: NY 31% NJ 28% CA 20% VA 18% D.C. 2% Int'l 1%::> Location NOTE: Excludes fully reserved nonaccrual loan totaling $5M (a) Carrying value is net of a $27M specific credit loss allowance STARWOOD PROPERTY TRUST 18