Payment of the principal of, and premium, if any, and interest on this Note will be made at
the Office or Agency of the Operating Partnership maintained for that purpose in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public
and private debts; provided, however, that, at the option of the Operating Partnership, interest may be paid by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or by transfer to an
account maintained by the payee with a bank located in the United States of America; provided, further, that, notwithstanding the foregoing, all payments of principal of, and premium, if any, and interest on Notes in global form that are registered
in the name of a Depository or its nominee (Global Notes) shall be made by wire transfer of immediately available funds (unless otherwise required by the Depository) in accordance with the procedures of the Depository.
This Note is one of a duly authorized issue of Securities of the Operating Partnership issued and to be issued in one or more series under an
Indenture dated as of May 9, 2017 (the Original Indenture), as amended and supplemented by the Seventh Supplemental Indenture dated as of January 10, 2024 (the Seventh Supplemental Indenture; the Original Indenture,
as amended and supplemented by the Seventh Supplemental Indenture and any other indentures supplemental thereto, is hereinafter called the Indenture), each between the Operating Partnership and U.S. Bank Trust Company, National
Association (as successor in interest to U.S. Bank National Association), as trustee (herein called the Trustee, which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto
reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Operating Partnership, the Trustee and the Holders of the Notes, and the terms upon which the Notes are, and are to be,
authenticated and delivered. This Note is one of the series of Securities designated on the face hereof (such series of Securities, the Notes).
Prior to December 15, 2033 (the Par Call Date), the Notes may be redeemed, at any time in whole or from time to time in part,
at the option of the Operating Partnership, for cash, at a Redemption Price equal to the greater of:
(a) 100% of the principal amount of
the Notes to be redeemed, and
(b) the sum of the present values of the remaining scheduled payments of principal of, and interest on, the
Notes to be redeemed that would be due if the Notes matured on the Par Call Date (exclusive of interest accrued to the applicable Redemption Date) discounted to such Redemption Date on a semiannual basis, assuming a
360-day year consisting of twelve 30-day months, at the Treasury Rate plus 20 basis points,
plus, in the case of both clauses (a) and (b) above, accrued and unpaid interest on the principal amount of the Notes being redeemed to, but not
including, such Redemption Date.
On and after the Par Call Date, the Notes may be redeemed, at any time in whole or from time to time in
part, at the option of the Operating Partnership, for cash, at a Redemption Price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest on the principal amount of the Notes being redeemed to, but not
including, such Redemption Date.
Notwithstanding the foregoing, installments of interest on Notes that are due and payable on an Interest
Payment Date falling on or prior to a Redemption Date for the Notes will be payable to the Persons who were the Holders of such Notes (or one or more Predecessor Securities) registered as such at the close of business on the relevant Regular Record
Dates according to their terms and the provisions of the Indenture.
Treasury Rate means, with respect to any Redemption Date,
the yield determined by the Operating Partnership in accordance with the following two paragraphs.
The Treasury Rate shall be determined
by the Operating Partnership after 4:15 p.m., New York City time (or after such time as yields on U.S. government securities are posted daily by the Board of Governors of the Federal Reserve System), on the third Business Day preceding the date of
the notice of redemption based upon the yield or yields for the most recent day that appear after such time on such day in the most recent statistical release published by the Board of Governors of the Federal Reserve System designated as
Selected Interest Rates (Daily) - H.15 (or
A-2