Class A Lab & Office Space. For Today & Tomorrow. In A Convenient Location. Sorrento Gateway was purpose-built for life science companies.

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1 ON A PREMIER OPPORTUNITY CLASS A /

2 It s time for a fresh perspective on the workplace. It s time to get exactly what your company needs to do its best work day in, and day out. It s time for Sorrento Gateway. Class A Lab & Office Space Sorrento Gateway was purpose-built for life science companies. For Today & Tomorrow 61,027 RSF is available now at 4939 Directors Place. Plus an 82,000 SF build-to-suit opportunity on the adjacent lot can accommodate future growth. In A Convenient Location Western Sorrento Mesa locale delivers fast access to I-805 and I-5. Fitness & Health New on-site gym with shower and locker facilities With Unmatched Visibility More than 180,000 cars pass Sorrento Gateway daily. Incredible signage opportunity. Experienced Ownership HCP is the largest publiclytraded real estate investment trust focused on the healthcare industry.

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4 Renovations complete LOBBY COMMON AREAS *Conceptual Renderings

5 OPEN AND BREAK *Conceptual Renderings

6 4939 Directors Place at Sorrento Gateway has a flexible open-lab layout filled with key life science features Directors Place, San Diego, CA Size: 61,027 SF + Year Built: 2002 (Renovated 2017) + Land Area: 4.54 acres + Number of Stories: 2 + Office/Lab Ratio: 40/60 + Avg. Floor Plate: 29,834 SF + Floor to Floor Height: 16-0 & Ceiling Height: 11-0 (Both office and lab areas) + Loading dock: Grade level + Elevators: 2 passenger and freight + Fire Protections: Fire sprinkler and fire alarm systems + Electrical: 4,000 amps; 480/277 Volts, 3 phase + Emergency Power: 750 KW Diesel Generator and 160 KVA UPS System + Security: Roving patrol + Parking: 163 spaces

7 UP CURRENT AS-BUILTS ROLL-UP DOOR SD&G & MAIN TELE WAREHOUSE SHIPPING / RECEIVING SPEC LOUNGE SHELL SPACE STAIR #2 BREAK JANITOR SHELL SPACE OPEN LOBBY PRIVATE PATIO (ACCESS VIA 2 ROLL-UP DOORS) 4939 DIRECTORS PLACE SPECULATIVE MARKETING PLAN - FIRST FLOOR 06/13/17 SCALE: 1/16" = 1'-0" 1st Floor COLD CHEM PREP COFFEE & CHEM CHEM SCREENING STAIR #2 / JANITOR EQUIPMENT GLASS WASH COLORATION STAIR #1 CHEM LOUNGE OPEN SPACE FILE 4939 DIRECTORS PLACE SPECULATIVE MARKETING PLAN - SECOND FLOOR 06/13/17 SCALE: 1/16" = 1'-0" 2nd Floor

8 UP HYPOTHETICAL SINGLE TENANT PLAN SD&G & MAIN TELE WAREHOUSE OUTDOOR MECHANICAL YARD SHIPPING / RECEIVING GLASSWASH STAIR #2 BREAK WAREHOUSE/ JANITOR 3 BOOTHS CHAIR ALL HANDS MEETING STAIR #1 ELEV TEAM TEAM LEGEND COLORATION TENANT #1 (28,820 SF) 11,130 SF AREA 17,690 SF /OTHER AREA LOBBY TOTAL SF: 28,820 SF BREAK OPEN RECEPTION TEAM TEAM 4939 DIRECTORS PLACE 1 TENANT MARKETING PLAN - FIRST FLOOR 06/12/17 SCALE: 1/16" = 1'-0" 1st Floor FT NORTH FLEX STAIR #2 COLD CHEM PREP 3 BOOTHS BREAK TECHS TECHS PHONE / JANITOR OTB GLASS WASH 2 1/2 BOOTHS EQUIPMENT STAIR #1 BREAK 2 1/2 BOOTHS KITCHEN COL. COLORATION LEGEND TEAM TENANT #1 (27,975 SF) 11,015 SF AREA 1,855 SF FLEX AREA 15,105 SF /OTHER AREA OPEN OTB TOTAL SF: 27,975 SF 4939 DIRECTORS PLACE 1 TENANT MARKETING PLAN - SECOND FLOOR 06/13/17 SCALE: 1/16" = 1'-0" 2nd Floor FT NORTH

9 UP HYPOTHETICAL TWO TENANT PLAN SD&G & MAIN TELE WAREHOUSE OUTDOOR MECHANICAL YARD SHIPPING / RECEIVING FLEX GLASSWASH STAIR #2 TENANT #2 S/R OPEN JANITOR BREAK 3 BOOTHS STAIR #1 ELEV TENANT #1: 28,015 RSF TENANT #2: 33,012 RSF LEGEND TENANT #1 (23,275 SF) 9,995 SF AREA 1,480 SF FLEX AREA 11,800 SF /OTHER AREA RECEPTION LOBBY TENANT #2 460 SF SHARED COMMON AREA 5,085 SF TOTAL SF: 28,820 SF BREAK TEAM OPEN TEAM 1st Floor 4939 DIRECTORS PLACE 2 TENANTS MARKETING PLAN - FIRST FLOOR 06/13/17 SCALE: 1/16" = 1'-0" FT NORTH 2nd Floor

10 HYPOTHETICAL FOUR TENANT PLAN SD&G & MAIN TELE WAREHOUSE SHIPPING/RECEIVING OPEN OUTDOOR MECHANICAL YARD FLEX FLEX UP STAIR #2 WAREHOUSE S/R JANITOR 3 BOOTHS BREAK STAIR #1 ELEV TENANT #1: 14,408 RSF FLEX RECEPTION TENANT #2: 13,782 RSF TEAM SHARED COMMON AREA LEGEND TENANT #1 (11,705 SF) 3,155 SF AREA 2,930 SF FLEX AREA 5,620 SF /OTHER AREA RECEPTION LOBBY TENANT #2 (11,180 SF) 3,780 SF AREA 1,865 SF FLEX AREA 5,535 SF /OTHER AREA BREAK SHARED COMMON AREA 5,935 SF TOTAL SF: 28,820 SF TEAM TEAM 1st Floor 4939 DIRECTORS PLACE 4 TENANTS MARKETING PLAN - FIRST FLOOR 06/13/17 SCALE: 1/16" = 1'-0" FT NORTH FLEX OPEN TECHS STAIR #2 COLD CORRIDOR SUPPORT 2 BOOTHS BREAK FLEX JANITOR VEST. OTB PHONE PHONE FREEZER FARM SHARED GLASS WASH PHONE FREEZER FARM SUPPORT CORRIDOR STAIR #1 ELEVATOR LOBBY RECEPTION TENANT #3: 19,380 RSF TENANT #4: 13,457 RSF COLORATION RECEPTION SHARED COMMON AREA LEGEND TENANT #3 (15,135 SF) 8,190 SF AREA 2,080 SF FLEX AREA 4,865 SF /OTHER AREA OTB TENANT #4 (10,660 SF) 4,815 SF AREA 5,845 SF /OTHER AREA OPEN SHARED COMMON AREA 2,180 SF TOTAL SF: 27,975 SF BOOTH /BREAK 2nd Floor 4939 DIRECTORS PLACE 4 TENANTS MARKETING PLAN - SECOND FLOOR 06/13/17 SCALE: 1/16" = 1'-0" FT NORTH

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12 MINUTES FROM Whether you re looking for a quick bite, to check some items off your to-do list, or head out for the evening, dozens of restaurants, shops and more are in the area. PERSONAL SERVICES/ SHOPPING 1 Plaza Sorrento 2 Premier Athletic & Squash Club 3 Sorrento Canyon Golf Center 4 Sorrento Court 5 Sorrento Mesa Crossroads 6 Crossfit Invictus 7 Bally Total Fitness 8 L.A. Fitness BUSINESS SERVICES 1 Staples 2 Federal Express 3 International Office Supply 4 Logos 5 Mail Boxes Etc. 6 Micro City 7 Minuteman Press 8 Pacbell Purchase Store 9 Self Storage 10 Self Storage HOTEL / TRAVEL 1 Courtyard By Marriott 2 Homestead Village 3 Residence Inn By Marriott 4 Hyatt Summerfield Suites 5 Wyndham Garden Hotel 6 Holiday Inn Express - Sorrento Valley 7 Staybridge Suites By Holiday Inn BANKS 1 Bank Of America 2 Mission Federal Credit Union 3 San Diego County Credit Union RESTAURANTS 1 8 Elements 2 Centerpark Cafe 3 Chili s 4 Wich Addiction 5 Cornerstone Cafe 6 Karl Strauss 7 Oberlin Deli 8 Plaza Sorrento Food Court (16 Restaurants) 9 Sandwich House 10 Sorrento Court (14 Restaurants) 11 Sorrento Mesa Crossroads & Restaurants 12 Sorrento Plaza Deli 13 Come On In Cafe 14 Wineseller And Brasserie 15 Sorrento Plaza (8 Restaurants)

13 SORRENTO GATEWAY

14 Get Ready For the Spotlight LOT 2 82,000 RSF build-to-suit opportunity

15 Sorrento Gateway s western Sorrento Mesa location puts an easy commute within reach. There are multiple access points to I-805 and I-5 and a park and ride location right across the street. Unmatched visibility Sorrento Gateway delivers unrivaled signage opportunities. Exterior signage is seen by over 180,000 vehicles passing by on I-805 every single day.

16 Ownership HCP is the largest publicly-traded (NYSE: HCP) real estate investment trust focused on the healthcare industry and is a member of the S&P 500. Established in 1985, HCP owns over 1,000 properties in 42 states across various property types, including life science, office, medical office, senior housing, hospital and skilled nursing & 4955 Directors Place San Diego, CA FOR MORE INFORMATION, PLEASE CONTACT: Richard Danesi Senior Vice President richard.danesi@cbre.com lic: Ryan Egli Senior Vice President ryan.egli@cbre.com lic: Jed Stirnkorb Senior Vice President jed.stirnkorb@cbre.com lic: CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.