g, including good activity in London post-Brexit. Sentiment on the group has gone negative on concerns that hyperscale cloud demand has slowed with Data Center REITs down 8% since QTS kicked off earnings 2 days ago despite the fact that only 1 of 4 DC's that have reported saw a q/q decline in bookings, whi

18 October 2016 REITs US REIT 3016 Earnings Preview Data Centers: Measuring growth in years not quarters IFigure 78: 1-month Data Center performance !Figure 79: YTD Data Center performance DOS Cale V% ■ Le% Ca OM 0:a O13 CCIA1 Ott As of 10/14/16 Source' DIMS* Vent SAE 'Fi

ted), waiting on DB Legal sign off on deal. Potential revenue $5 million + *Crestline/8ass Family — Through KCP/Markets investments in two projects (Data Center debt investment and A/R investment — $50 million) NDAs executed, client internal approvals cleared, very significant opportunity to expand this rel

d), waiting on DB Legal sign off on deal. Potential revenue $5 million + *Crestline/Bass Family — Through KCP/Markets investments in two projects (Data Center debt investment and A/R investment — $50 million) NDAs executed, client internal approvals cleared, very significant opportunity to expand this rel

d), waiting on DB Legal sign off on deal. Potential revenue $5 million + *Crestline/Bass Family — Through KCP/Markets investments in two projects (Data Center debt investment and A/R investment — $50 million) NDAs executed, client internal approvals cleared, very significant opportunity to expand this rel

d), waiting on DB Legal sign off on deal. Potential revenue $5 million + *Crestline/Bass Family — Through KCP/Markets investments in two projects (Data Center debt investment and A/R investment — $50 million) NDAs executed, client internal approvals cleared, very significant opportunity to expand this rel

DB Legal sign off on deal. Potential revenue $5 million + EFTA01477800 *Crestline/Bass Family — Through KCP/Markets investments in two projects (Data Center debt investment and A/R investment — $50 million) NDAs executed, client internal approvals cleared, very significant opportunity to expand this rel

DB Legal sign off on deal. Potential revenue $5 EFTA01477885 million + *Crestline/Bass Family — Through KCP/Markets investments in two projects (Data Center debt investment and A/R investment — $50 million) NDAs executed, client internal approvals cleared, very significant opportunity to expand this rel