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Investment in Real Estate (Tables)

9 Months Ended

Sep. 30, 2023

Real Estate [Abstract]

Schedule of Investment in Real Estate

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

			September 30, 2023						December 31, 2022
Land			$	1,377,970					$	1,397,714
Building and improvements			6,370,018						6,342,851
Tenant improvements			894,595						868,193
Furniture and fixtures			9,441						9,639
Property under development			179,890						98,175
INVESTMENT IN REAL ESTATE, AT COST			$	8,831,914					$	8,716,572

Schedule of Dispositions of Real Estate

The following table summarizes information on dispositions completed during the nine months ended September 30, 2023. These properties were considered non-strategic to the Company’s portfolio:

Property						Segment						Date of Disposition						Square Feet (unaudited)						Sales Price(1) (in millions)						Gain on Sale(2) (in millions)
Skyway Landing						Office						2/6/2023						246,997						$	102.0					$	7.0
604 Arizona						Office						8/24/2023						44,260						$	32.5					$	10.3
3401 Exposition						Office						8/25/2023						63,376						$	40.0					$	5.8

_____________ 

1.Represents gross sales price before certain credits, prorations and closing costs.

2.Included within gain (loss) on sale of real estate on the Consolidated Statement of Operations.

The following table summarizes information on dispositions completed during the nine months ended September 30, 2022. These properties were considered non-strategic to the Company’s portfolio:

Property						Segment						Date of Disposition						Square Feet						Sales Price(1) (in millions)						Gain (Loss) on Sale (in millions)
Del Amo						Office						8/5/2022						113,000						$	2.8					$	—
Northview Center						Office						8/30/2022						179,985						$	46.0					$	(0.2)

_____________ 

1.Represents gross sales price before certain credits, prorations and closing costs.

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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.

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Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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