Property Segment Investment Portfolio
$ millions


<table>
<tr><td>Investment</td><td>Net<br>Carrying<br>Value &lt;sup&gt;(6)&lt;/sup&gt;</td><td>Asset<br>Specific<br>Financing</td><td>Net<br>Investment</td><td>Q2&#x27;26 Net<br>Operating<br>Income &lt;sup&gt;(7)&lt;/sup&gt;</td><td>Occupancy Rate&lt;sup&gt;(8)&lt;/sup&gt;</td></tr>
<tr><td>Wholly-Owned:</td><td></td><td></td><td></td><td></td><td></td></tr>
<tr><td>Net Lease</td><td>$ 2,732</td><td>$ 1,685</td><td>$ 1,047</td><td>$ 44.3</td><td>100%</td></tr>
<tr><td>Medical Office Portfolio</td><td>795</td><td>444</td><td>351</td><td>11.0</td><td>90%</td></tr>
<tr><td>D.C. Multifamily Conversion</td><td>123</td><td>—</td><td>123</td><td colspan="2">N/A</td></tr>
<tr><td>Subtotal - Undepreciated Carrying Value</td><td>$ 3,650</td><td>$ 2,129</td><td>$ 1,521</td><td>$ 55.3</td><td></td></tr>
<tr><td>Accumulated Depreciation and Amortization</td><td>(340)</td><td>—</td><td>(340)</td><td>—</td><td></td></tr>
<tr><td>Subtotal - Wholly-Owned</td><td>$ 3,310</td><td>$ 2,129</td><td>$ 1,181</td><td>$ 55.3</td><td></td></tr>
<tr><td>Woodstar Fund</td><td>1,725</td><td>—</td><td>1,725</td><td>35.1</td><td>97%</td></tr>
<tr><td>Total Property Segment Investment Portfolio</td><td>$ 5,035</td><td>$ 2,129</td><td>$ 2,906</td><td>$ 90.4</td><td>98%</td></tr>
</table>

STARWOOD PROPERTY TRUST


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