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Organization, Ownership, and Basis of Presentation (Tables) | 6 Months Ended
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Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Real Estate Properties | Our stabilized portfolio of operating properties was comprised of the following properties at June 30, 2025:
| Number of Buildings |  | Rentable Square Feet |  | Number of Tenants |  | Percentage Occupied (1) |  |
Stabilized Office Properties (2) | 118 |  |  | 16,395,491 |  |  | 440 |  |  | 80.8 | % |  |
________________________ (1)Represents economic occupancy for space where we have achieved revenue recognition for the associated lease agreements. (2)Includes stabilized life science and retail space.
| Number of Properties |  | Number of Units |  | 2025 Average Occupancy
Stabilized Residential Properties | 3 |  |  | 1,001 |  |  | 94.5 | %
As of June 30, 2025, the following properties were excluded from our stabilized portfolio:
| Number of Properties / Projects |  | Actual / Estimated Rentable Square Feet (1)
Properties held for sale (2) | 1 |  | 663,460
In-process development projects - tenant improvement | 1 |  | 875,000
In-process redevelopment projects - tenant improvement | 2 |  | 100,000
________________________ (1)For the property classified as held for sale, represents actual rentable square feet and consists of four buildings. For the in-process development and redevelopment projects in the tenant improvement phase, represents estimated rentable square feet upon completion. (2)See Note 2 “Dispositions and Real Estate Held for Sale” for additional information.
Schedule of Consolidated Property Partnership Ownership Percentage |
Consolidated Property Partnership |  | Property Address |  | Ownership Interest (1)
100 First Street Member, LLC |  | 100 1st Street, San Francisco, CA 94105 |  | 56%
303 Second Street Member, LLC |  | 303 2nd Street, San Francisco, CA 94107 |  | 56%
Redwood City Partners, LLC |  | 900 Jefferson Avenue, Redwood City, CA 94063 |  | 93%
|  | 900 Middlefield Road, Redwood City, CA 94063 |  |
________________________ (1)The remaining interests in all three property partnerships were owned by unrelated third parties.

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