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Investment in Real Estate (Tables)

3 Months Ended

Mar. 31, 2022

Real Estate [Abstract]

Investment in Real Estate

The following table summarizes the Company’s investment in real estate, at cost as of:

			March 31, 2022						December 31, 2021
Land			$	1,313,385					$	1,313,385
Building and improvements			6,259,913						6,241,254
Tenant improvements			811,870						786,991
Furniture and fixtures			14,043						14,020
Property under development			6,061						5,827
INVESTMENT IN REAL ESTATE, AT COST			$	8,405,272					$	8,361,477

Held For Sale

The following table summarizes information on properties held for sale as of March 31, 2022 and December 31, 2021:

Property

Segment

Submarket

Square Feet

Northview Center

Office

Lynnwood

179,985

Skyway Landing

Office

Redwood Shores

246,997

Del Amo

Office

Torrance

113,000

6922 Hollywood

Office

Hollywood

205,189

TOTAL HELD FOR SALE

745,171

The following table summarizes the components of assets and liabilities associated with real estate held for sale as of March 31, 2022:

						Northview Center						Skyway Landing						Del Amo						6922 Hollywood
ASSETS
Investment in real estate, net						$	40,452					$	89,891					$	5,108					$	91,337
Accounts receivable, net						—						972						—						166
Straight-line rent receivables, net						1,031						1,047						—						4,629
Deferred leasing costs and intangible assets, net						845						459						844						2,063
Prepaid expenses and other assets, net						14						35						8						119
ASSETS ASSOCIATED WITH REAL ESTATE HELD FOR SALE						$	42,342					$	92,404					$	5,960					$	98,314
LIABILITIES
Accounts payable, accrued liabilities and other						$	118					$	—					$	106					$	1,270
Intangible liabilities, net						—						—						—						96
Security deposits and prepaid rent						435						2,719						—						370
LIABILITIES ASSOCIATED WITH REAL ESTATE HELD FOR SALE						$	553					$	2,719					$	106					$	1,736

The following table summarizes the components of assets and liabilities associated with real estate held for sale as of December 31, 2021:

						Northview Center						Skyway Landing						Del Amo						6922 Hollywood
ASSETS
Investment in real estate, net						$	40,338					$	89,873					$	15,213					$	91,353
Accounts receivable, net						95						142						—						103
Straight-line rent receivables, net						901						1,659						—						4,714
Deferred leasing costs and intangible assets, net						751						450						2,742						1,999
Prepaid expenses and other assets, net						—						—						—						187
ASSETS ASSOCIATED WITH REAL ESTATE HELD FOR SALE						$	42,085					$	92,124					$	17,955					$	98,356
LIABILITIES
Accounts payable, accrued liabilities and other						$	184					$	273					$	12					$	1,372
Intangible liabilities, net						—						—						—						96
Security deposits and prepaid rent						395						1,205						—						361
LIABILITIES ASSOCIATED WITH REAL ESTATE HELD FOR SALE						$	579					$	1,478					$	12					$	1,829

X

- Definition

Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230

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X

- Definition

Tabular disclosure of nonconsolidated investments in real estate including interests in corporations, partnerships and joint ventures. Disclosures may include summarized aggregate financial statements for the real estate investments.

+ References

No definition available.

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