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Investment in Real Estate (Tables)

6 Months Ended

Jun. 30, 2025

Real Estate [Abstract]

Schedule of Investment in Real Estate

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

			June 30, 2025						December 31, 2024
Land			$	1,225,230					$	1,235,974
Building and improvements			6,201,663						6,101,787
Tenant improvements			727,451						728,186
Furniture and fixtures			5,842						5,895
Property under development			51,292						161,444
INVESTMENT IN REAL ESTATE, AT COST			$	8,211,478					$	8,233,286

Schedule of Dispositions of Real Estate

The following table summarizes information on dispositions completed during the six months ended June 30, 2025. These properties were considered non-strategic to the Company’s portfolio:

Property						Segment						Date of Disposition						Square Feet (unaudited)						Sales Price(1) (in millions)						(Loss) Gain on Sale(2) (in millions)
Maxwell						Office						1/22/2025						102,963						$	46.0					$	(2.2)
Foothill Research Center						Office						3/4/2025						195,121						$	23.0					$	12.2
625 Second						Office						5/30/2025						138,354						$	28.0					$	—

__________________ 

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

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

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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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