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Investment in Real Estate (Tables)
 3 Months Ended
Mar. 31, 2018
Real Estate [Abstract]  
Summary of investment in real estate
The following table summarizes the Company’s investment in real estate, at cost as of:
 
March 31, 2018
 
December 31, 2017
Land
$
1,302,907

 
$
1,302,907

Building and improvements
4,476,124

 
4,480,993

Tenant improvements
425,624

 
411,706

Furniture and fixtures
8,371

 
8,608

Property under development
286,367

 
219,227

Investment in real estate, at cost(1)
$
6,499,393

 
$
6,423,441

_____________ 
(1)
Excludes balances related to properties that have been classified as held for sale.
Schedule of dispositions
The Company’s portfolio consists of properties located throughout Northern and Southern California and the Pacific Northwest. The following table summarizes the Company’s portfolio as of March 31, 2018:
Segments
 
Number of Properties
 
Square Feet
(unaudited)
Office
 
51

 
13,398,362

Studio
 
3

 
1,204,927

Total(1)
 
54

 
14,603,289


_________________
(1)
Includes redevelopment, development and held for sale properties.
The following table summarizes the properties sold during the three months ended March 31, 2018. These properties were non-strategic assets to the Company’s portfolio and were classified as held for sale as of December 31, 2017:
Property
 
Month of Disposition
 
Square Feet
 
Sales Price(1) 
(in millions)
2600 Campus Drive (building 6 of Peninsula Office Park)
 
January 2018
 
63,050

 
$
22.5

Embarcadero Place
 
January 2018
 
197,402

 
136.0

2180 Sand Hill
 
March 2018
 
45,613

 
82.5

Total dispositions
 
 
 
306,065

 
$
241.0

_________________ 
(1)
Represents gross sales price before certain credits, prorations and closing costs.
Schedule of components of assets and liabilities associated with real estate held for sale
The following table summarizes the components of assets and liabilities associated with real estate held for sale as of:
 
 
March 31, 2018
 
December 31, 2017
ASSETS
 
 
 
 
Investment in real estate, net
 
$
8,775

 
$
204,895

Accounts receivable, net
 
28

 
85

Straight-line rent receivables, net
 
420

 
2,234

Deferred leasing costs and lease intangible assets, net
 
2,394

 
4,063

Prepaid expenses and other assets, net
 
87

 
58

Assets associated with real estate held for sale
 
$
11,704

 
$
211,335

 
 
 
 
 
LIABILITIES
 
 
 
 
Accounts payable and accrued liabilities
 
$
393

 
$
782

Lease intangible liabilities, net
 
—

 
95

Security deposits and prepaid rent
 
237

 
1,339

Liabilities associated with real estate held for sale
 
$
630

 
$
2,216