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Real Estate (Tables) | 12 Months Ended
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Dec. 31, 2022
Real Estate [Abstract] |
Schedule of Asset acquisition | The following table summarizes these transactions and the resulting purchase price allocations ($ in thousands):
| 300 Colorado (1) |  | Heights Union |  | 725 Ponce |
Gross Purchase Price | $ | 162,500 |  |  | $ | 144,800 |  |  | $ | 300,200 |  |
Acquisition Date | December 2021 |  | October 2021 |  | July 2021 |
Square Feet | 369,000 |  |  | 294,000 |  |  | 372,000 |  |
Market | Austin |  | Tampa |  | Atlanta |
Purchase Price Allocation |  |  |  |  |  |
Tangible assets |  |  |  |  |  |
Operating properties | $ | 297,259 |  |  | $ | 133,489 |  |  | $ | 292,946 |  |
| 297,259 |  |  | 133,489 |  |  | 292,946 |  |
Intangible assets |  |  |  |  |  |
In-place leases | 13,974 |  |  | 5,894 |  |  | 12,788 |  |
Below market ground lease | 840 |  |  | — |  |  | — |  |
Above market leases | 21 |  |  | 1,322 |  |  | 1,770 |  |
| 14,835 |  |  | 7,216 |  |  | 14,558 |  |
Intangible liabilities |  |  |  |  |  |
Below market leases | (10,369) |  |  | (2,501) |  |  | (6,739) |  |
| (10,369) |  |  | (2,501) |  |  | (6,739) |  |
Total net assets (2) | $ | 301,725 |  |  | $ | 138,204 |  |  | $ | 300,765 |  |
(1) Purchase price represents cost of acquiring partners' 50% interest in 300 Colorado Project LP, resulting in consolidation of this previously unconsolidated property (see note 6 for more information on this transaction). (2) Represents amounts, including acquisition costs, assigned to the net assets consolidated in the balance sheet upon acquisition. The following table summarizes these transactions ($ in thousands):
| Market |  | Acres |  | Gross Purchase Price |
887 West Peachtree | Atlanta |  | 0.7 |  | $ | 10,000 |  |
3354/3356 Peachtree | Atlanta |  | 0.2 |  | $ | 8,000 |  |
Schedule of assets and liabilities of properties held for sale | During 2021, the Company sold three office properties. The following table summarizes these transactions ($ in thousands):
Property |  | Location |  | Date |  | Square Feet |  | Sales Price |  | Gain on Sale, Net |
816 Congress |  | Austin |  | December 2021 |  | 435,000 |  |  | $ | 174,000 |  |  | $ | 77,200 |  |
One South at the Plaza |  | Charlotte |  | July 2021 |  | 891,000 |  |  | $ | 271,500 |  |  | $ | 12,700 |  |
Burnett Plaza |  | Fort Worth |  | April 2021 |  | 1,000,000 |  |  | $ | 137,500 |  |  | $ | 200 |  |

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