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Subsequent Events
9 Months Ended
Sep. 30, 2016
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events

On October 7, 2016, the Company purchased, through a joint venture with Canadian Pension Plan Investment Board, the 285,680-square-foot Hill7 office property located in Seattle, Washington for $179.8 million (before customary, prorations and closing costs). In conjunction with the acquisition, the joint venture closed a secured non-recourse loan in the amount of $101.0 million bearing an interest rate of 3.38% per annum, interest only. This loan has a 10-year maturity with an option to extend an additional two years at a higher interest rate. The Company is currently in the process of determining the purchase price accounting.