Mr Cooper Group Inc (COOP)

[marayatano]

WM office building is owned by Second and Union LLC, which is a wholly owned sub of WM the holding company, not the bank.

Properties
The Company’s primary executive and business segment headquarters are located at 1301 Second
Avenue, Seattle, Washington 98101. In March 2006, Second and Union LLC, a wholly-owned subsidiary
of Washington Mutual, Inc., in a joint venture with the Seattle Art Museum, completed construction of
the Company’s headquarters building and was granted an initial certificate of occupancy. At that time,
Second and Union LLC took ownership of a condominium interest in the 944,000 square foot office
tower and the attached 700 stall parking garage and the Company’s employees began to relocate to the
new space. Concurrently, the Seattle Art Museum completed and took ownership of 243,000 square
feet of future expansion space that Second and Union LLC leased, and the Company’s employees will
occupy, for a period of up to 25 years. The Seattle Art Museum has the right to cancel the lease, in
whole or in part, at any time after the tenth year of the lease. Certain leases covering downtown
Seattle locations were not renewed when their terms expired. The Company leases an additional
697,000 square feet in other downtown Seattle locations for administrative functions.
As of December 31, 2007, the Company’s owned and leased property in 36 states was comprised of
2,257 retail banking stores, 233 lending stores and centers and 290 administrative and other offices.
During 2007, the Company sold three administrative locations in California and Florida totaling
275,000 square feet and leased back 145,000 square feet. Administrative facilities involve the ownership
or leasing of approximately 2.6 million square feet in California, 1.1 million square feet in Texas,
825,000 square feet in Florida and 463,000 square feet in Illinois.