LAUREATE EDUCATION, INC. 10-K

Item 2. Properties Laureate is headquartered in Miami, Florida. The following table summarizes the Company's properties by segment as of December 31, 2021: Segment Square feet leased space Square feet owned space Total square feet Mexico 29,216,641 8,529,832 37,746,473 Peru 823,651 4,906,135 5,729,786 Corporate (including headquarters) 6,728 — 6,728 Other 231,576 109,104 340,680 Total 30,278,596 13,545,071 43,823,667 Our Mexico and Peru segments lease or own various sites that may include a local headquarters and all or some of the facilities of a campus or location. Our facilities are often subject to mortgages. 26 Our Corporate headquarters consists principally of leased facilities in Florida and the Netherlands, which are used for office space. We monitor the capacity of our higher education institutions on a regular basis and make decisions to expand capacity based on expected enrollment and other factors. Our leased facilities are occupied under leases whose remaining terms range from one month to 14 years. A majority of these leases contain provisions giving us the right to renew the lease for additional periods at various rental rates, although generally at rates higher than we are currently paying.