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Investment in Real Estate (Tables)
 6 Months Ended
Jun. 30, 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:
 
June 30, 2018
 
December 31, 2017
Land
$
1,220,267

 
$
1,204,700

Building and improvements
4,443,050

 
4,389,846

Tenant improvements
443,548

 
397,012

Furniture and fixtures
8,756

 
8,576

Property under development
303,261

 
219,227

Investment in real estate, at cost(1)
$
6,418,882

 
$
6,219,361

_____________ 
(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 June 30, 2018:
Segments
Number of Properties
 
Square Feet
(unaudited)
Office
50

 
13,336,940

Studio
3

 
1,246,423

Total(1)
53

 
14,583,363


_________________
(1)
Includes redevelopment, development and held for sale properties.
The following table summarizes the properties sold during the six months ended June 30, 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
 
Date of Disposal
 
Approximate Square Feet
 
Sales Price(1) 
(in millions)
Embarcadero Place
 
1/25/2018
 
197,402

 
$
136.0

2600 Campus Drive (building 6 of Peninsula Office Park)
 
1/31/2018
 
63,050

 
22.5

2180 Sand Hill
 
3/1/2018
 
45,613

 
82.5

9300 Wilshire
 
4/10/2018
 
61,422

 
13.8

Total dispositions
 
 
 
367,487

 
$
254.8

_________________ 
(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:
 
June 30, 2018
 
December 31, 2017
ASSETS
 
 
 
Investment in real estate, net
$
192,630

 
$
396,846

Accounts receivable, net
75

 
213

Straight-line rent receivables, net
3,292

 
5,225

Deferred leasing costs and lease intangible assets, net
4,998

 
9,589

Prepaid expenses and other assets, net
16

 
58

Assets associated with real estate held for sale
$
201,011

 
$
411,931

 
 
 
 
LIABILITIES
 
 
 
Accounts payable and accrued liabilities
$
1,929

 
$
1,808

Lease intangible liabilities, net
271

 
485

Security deposits and prepaid rent
1,354

 
2,610

Liabilities associated with real estate held for sale
$
3,554

 
$
4,903