7900 HARKINS ROAD Lanham, MD

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1 7900 HARKINS ROAD

2 7900 HARKINS ROAD This rare offering represents the opportunity to acquire a best-in-class office asset with guaranteed NNN cash flow for 12 years at a significant discount to replacement cost, while benefitting from an emerging mixed-use transit-oriented location. Newmark Grubb Knight Frank is pleased to offer for sale 7900 Harkins Road, a 324,543 gross square foot Class-A office building that is 100% leased on a triple-net basis to 2U, Inc. (NASDAQ: TWOU) through August Harkins Road will serve as the new corporate headquarters for 2U. Founded in 2008, 2U is an educational technology company that partners with leading colleges and universities to offer online degree programs. The company supplies its partner universities with a cloud-based software-as-a-service platform coupled with a suite of technology-enabled services, including coursework design, infrastructural support, and admissions support for students. The Property is located in the heart an emerging mixed-use transit-oriented development with over 2.7 million square feet of mixed use development slated for the immediate area. The property has excellent vehicular access to, and visibility from, I-495 and Route 50 and is walkable to the immediately adjacent New Carrollton Station a joint Washington Metrorail, Amtrak and Maryland Area Regional Commuter (MARC) station servicing 9,000 riders daily. Additionally, the New Carrollton Station will serve as a future terminus of the Purple Line a 16-mile $5.6 billion light rail line system that will connect Montgomery and Prince Georges Counties that is scheduled to open in 2022.

3 Long-Term Guaranteed Cash Flow + + 2U, Inc. (NASDAQ: TWOU) recently leased the entire building through August Triple-net lease mitigates landlord risk % lease escalations provide appreciating cash flow + + Overweighted CAM recoveries provides additional income Headquarters Location for a Rapidly Expanding Technology Firm + + In 2015, 2U housed over 600 employees at its headquarters locations with projections to create another 900 jobs in this office over the next five years + + Elite partner universities such as Yale, New York University, University of North Carolina at Chapel Hill, University of Southern California and others have made long-term commitments to the 2U platform + + Named a Top Workplace by the Washington Post s Top Workplaces 2015 and #3 among large companies Named a Top Workplace by the Washington Post s Top Workplaces 2015 and #3 among large companies + + Per Bloomberg in September 2016, ten out of ten of analysts listed gave 2U a buy rating Best-in-Class Design + + Class-A 12-story, 324,543 gross square foot office building constructed in As part of 2Us s lease, there will be a total contribution of $19.1 million to retrofit the building (including lobby, fitness center, cafe, EMS systems, and tenant build-out costs) + + On site auditorium, cafeteria with commercial kitchen and two back-up generators + + Above-market parking ratio (3.4 per 1,000 square feet) in addition to directly walkable access to public transportation

4 Carrollton Station Forest City/Urban Atlantic Project Coming and Recent Developments Carrollton Station Forest City/Urban Atlantic Project Purple Line + + Developed by Berman Enterprises + + Phase I delivers 20k SF of retail and 275 residential units in spring Phase II will bring 50k SF additional retail and 225 units Harkins: 110k SF office delivered for Maryland Department of Housing and community development in M SF mixed-use development on 41 acres acres owned by metro and 16 owned by state of Maryland + + 1,370 residential units, 150k SF of retail, 150k SF hotel, and 1.1M SF office mile transit line running through Montgomery and Prince George s County, MD + + Construction slated for late 2016, service projected to begin in proposed stations with endpoints at New Carrollton and Bethesda + + Expected daily ridership of 64,000 will continue to enhance New Carrollton as a transportation destination

5 Unparalleled Transportation Accessibility + + Located at the intersection of I-495 and Route 50 (300,000 vehicles per day) providing convenient access to the entire Washington Metropolitan Area + + Adjacent to the New Carrolton Station a joint RIVERDALE ROAD Washington Metrorail, Amtrak and MARC station servicing 9,000 riders daily The future Purple Line will provide East-West public transportation connectivity to major employment and educational hubs in Bethesda, Silver Spring, College Park and New Carrollton + + Centrally located 10 miles to Washington, DC, 16 miles to Ronald Reagan National Airport, 23 miles to Baltimore Washington International Airport, and 30 miles to downtown Baltimore HARKINS ROAD ANNAPOLIS ROAD CARROLLTON STATION INTERNAL REVENUE SERVICE 7900 HARKINS ROAD FUTURE PURPLE LINE STATION ELLIN ROAD FOREST CITY/ URBAN ATLANTIC 495 FOREST CITY/URBAN ATLANTIC MIXED USE DEVELOPMENT 50 50

6 7900 HARKINS ROAD James P. Cassidy Jud Ryan Thomas Dobrowski Contacts Executive Managing Director Executive Managing Director Senior Managing Director Daniel Fromm Joe Donato Financing Managing Director Vice Chairman