Michael J. Escalante

Chief Executive Officer at Peakstone Realty Trust

Board

Since April 2019

Age

63 years

Education

Holds an MBA from the University of California, Los Angeles and a BS in Commerce with an emphasis in finance and accounting from Santa Clara University.

Tenure

Joined PKST as President in November 2013, became a trustee in February 2015, and started his current position as CEO in April 2019.

Also at Peakstone Realty Trust

JFB

Javier F. Bitar

Chief Financial Officer and Treasurer

NMS

Nina Momtazee Sitzer

Chief Operating Officer, Chief Legal Officer, and Secretary

About

Michael J. Escalante has built a considerable track record in the real estate investment and management industry, with extensive leadership roles across several prominent firms.

His career includes significant contributions at well-known institutions, where he has served in multiple executive capacities, acquiring deep expertise in investment management and strategic operations.

At PKST, he has progressed from joining as President in November 2013 to taking on the roles of trustee and ultimately CEO in April 2019, demonstrating his long-term commitment and leadership in steering the company.

$PKST Performance Under Michael J. Escalante

Past Roles

Organization	Role	Date Range	Details
Peakstone Realty Trust (PKST)	President	November 2013 – April 2019	Held the role from the company’s formation until his promotion to CEO
Peakstone Realty Trust (PKST)	Trustee	February 2015 – April 2019	Served as a trustee prior to becoming CEO
Griffin Capital Essential Asset REIT, Inc. (EA-1)	Chief Investment Officer	August 2008 – December 2018	Led investment activities at the predecessor entity to PKST
Griffin Capital Essential Asset REIT, Inc. (EA-1)	Vice President	August 2008 – June 2014	Oversaw capital transactions and portfolio management
Escalante Property Ventures	Founder	March 2005 – June 2006	Founded a real estate investment management company focused on value-added and development-oriented infill properties
Trizec Properties, Inc.	Executive Vice President - Capital Transactions and Portfolio Management	1997 – March 2005	Managed Western U.S. capital transaction activity and a 4.6 million square foot office/retail portfolio
The Yarmouth Group	Various Roles in Acquisitions, Asset Management and Portfolio Management	1987 – 1997	Gained extensive experience in acquisitions and portfolio management at an international real estate investment advisor

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$925,000	Annual (2023)	Fixed annual salary
Stock Awards (RSUs)	$3,499,976	Granted in March 2023; Vesting: 1/3 on Dec 31, 2023, 1/3 on Dec 31, 2024, 1/3 on Dec 31, 2025	Calculated based on a NAV of $7.43 per share as of June 30, 2022
All Other Compensation	$412,631	Annual (2023)	Includes various components based on aggregate incremental cost

Performance Compensation

Data from FY 2023

Performance Bonus Details

Component	Amount	Calculation/Details
Base Salary	$925,000	Annual base salary used as reference
Target Bonus Opportunity	$2,312,500	250% of base salary
Actual Bonus	$3,006,250	130% of target bonus; based on achieving 12/12 scorecard objectives
Threshold	175% of base salary	Minimum performance requirement
Maximum Bonus Opportunity	325% of base salary	Maximum cap for bonus

Performance Metrics & Evaluation

Metric	Value/Details
Scorecard Objectives	12 strategic objectives; all achieved
Performance Factor	130% of target bonus
Evaluation Period	Fiscal Year 2023 [N/A]
Vesting Schedule	No vesting for cash bonus; paid within 2023 [N/A]