Supplemental Disclosure of Statement of Cash Flow Information

12 Months Ended

Dec. 31, 2024

Supplemental Cash Flow Information [Abstract]

Supplemental Disclosure of Statement of Cash Flow Information


	2024		2023		2022
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents at beginning of period	$	199,247	$	54,390	$	190,926
Restricted cash at beginning of period	216		116		101
Cash, cash equivalents and restricted cash at beginning of period	$	199,463	$	54,506	$	191,027

Cash and cash equivalents at end of period	$	101,836	$	199,247	$	54,390
Restricted cash at end of period	237		216		116
Cash, cash equivalents and restricted cash at end of period	$	102,073	$	199,463	$	54,506

In addition to disclosures discussed elsewhere, during 2024, 2023 and 2022, the Company paid $66,699, $51,763 and $48,675, respectively, for interest and $274, $951 and $1,265, respectively, for income taxes.

For the years ended December 31, 2024, 2023 and 2022, the Company accrued additions for capital projects of $14,683, $21,052 and $42,962, respectively.

During 2024, the Company deconsolidated Lombard Street Lots, LLC, which resulted in non-cash changes in real estate, at cost, investments in non-consolidated entities and noncontrolling interests of $4,605, $2,311, and $2,503, respectively.

In 2023, LCIF merged with and into the Company. The consideration included the conversion of the remaining OP units outstanding valued at approximately $7,800.

In 2023, a wholly owned subsidiary of the Company purchased a parcel of land from Etna Park 70, LLC, which the Company has a 90% ownership interest. The transaction generated a gain on sale that the Company recognized as a $1,392 non-cash decrease to the basis acquired.

In 2023, the Company's ground lease related to an office property in Palo Alto, California expired and the leasehold improvements were conveyed back to the ground owner resulting in a non-cash decrease in real estate, at cost and accumulated depreciation and amortization of $29,375.