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Investment in Real Estate (Tables) | 6 Months Ended
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Jun. 30, 2022
Real Estate [Abstract] |
Investment in Real Estate | The following table summarizes the Company’s investment in real estate, at cost as of:
| June 30, 2022 |  | December 31, 2021
Land | $ | 1,395,528 |  |  | $ | 1,313,385 |
Building and improvements | 6,277,927 |  |  | 6,241,254 |
Tenant improvements | 813,741 |  |  | 786,991 |
Furniture and fixtures | 10,940 |  |  | 14,020 |
Property under development | 64,204 |  |  | 5,827 |
INVESTMENT IN REAL ESTATE, AT COST | $ | 8,562,340 |  |  | $ | 8,361,477 |
Purchase Price of Accounting | The following table represents the Company’s final purchase price accounting for the Washington 1000 and Sunset Gower Studios land acquisitions:
|  | Washington 1000 |  | Sunset Gower Studios Land
TOTAL ACQUISITION COST(1) |  | $ | 86,313 |  |  | $ | 22,156 |
Allocation of acquisition cost |  |  |  |
Land |  | $ | 59,987 |  |  | $ | 22,156 |
Building |  | 11,053 |  |  | — |
Parking easement(2) |  | 15,273 |  |  | — |
TOTAL |  | $ | 86,313 |  |  | $ | 22,156 |
_____________ 1.Includes capitalized transaction-related expenses. 2.Parking easement has an indefinite useful life and is recorded in deferred leasing costs and intangible assets, net on the Consolidated Balance Sheet.
Held For Sale | The following table summarizes the components of assets and liabilities associated with real estate held for sale as of June 30, 2022:
|  | Northview Center |  | Skyway Landing |  | Del Amo |  | 6922 Hollywood
ASSETS |  |  |  |  |  |  |  |
Investment in real estate, net |  | $ | 40,532 |  |  | $ | 89,922 |  |  | $ | 2,371 |  |  | $ | 91,402 |
Accounts receivable, net |  | 179 |  |  | 99 |  |  | — |  |  | 52 |
Straight-line rent receivables, net |  | 1,047 |  |  | 613 |  |  | — |  |  | 4,526 |
Deferred leasing costs and intangible assets, net |  | 1,070 |  |  | 501 |  |  | 330 |  |  | 2,006 |
Prepaid expenses and other assets, net |  | 19 |  |  | 44 |  |  | 8 |  |  | 120 |
ASSETS ASSOCIATED WITH REAL ESTATE HELD FOR SALE |  | $ | 42,847 |  |  | $ | 91,179 |  |  | $ | 2,709 |  |  | $ | 98,106 |
LIABILITIES |  |  |  |  |  |  |  |
Accounts payable, accrued liabilities and other |  | $ | 94 |  |  | $ | 273 |  |  | $ | 14 |  |  | $ | 858 |
Intangible liabilities, net |  | — |  |  | — |  |  | — |  |  | 96 |
Security deposits and prepaid rent |  | 913 |  |  | 408 |  |  | — |  |  | 416 |
LIABILITIES ASSOCIATED WITH REAL ESTATE HELD FOR SALE |  | $ | 1,007 |  |  | $ | 681 |  |  | $ | 14 |  |  | $ | 1,370 |
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 |

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- 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 https://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 + Details
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- 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. + Details
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