2 unchanged sentences
We are a full service, vertically integrated and self-administered real estate investment trust, or REIT, that owns, operates, acquires and develops high quality office, retail, multifamily and mixed-use properties in attractive, high-barrier-to-entry markets in Southern California, Northern California, Washington, Oregon, Texas and Hawaii.
−Removed: As of December 31, 2022, our portfolio is comprised of twelve retail shopping centers;
−Removed: twelve office properties;
+Added: As of December 31, 2023, our portfolio is comprised of twelve office properties;
+Added: twelve retail shopping centers;
a mixed-use property consisting of a 369-room all-suite hotel and a retail shopping center;
28 unchanged sentences
• Broad Real Estate Expertise with Office, Retail and Multifamily Focus.
−Removed: Our senior management team has strong experience and capabilities across the real estate sector with significant expertise in the office, retail and multifamily asset classes, which provides for flexibility in pursuing attractive acquisition, development
−Removed: and repositioning opportunities.
+Added: Our senior management team has strong experience and capabilities across the real estate sector with significant expertise in the office, retail and multifamily asset classes, which provides for flexibility in pursuing attractive acquisition, development and repositioning opportunities.
Ernest Rady, our Chairman and Chief Executive Officer, and Robert Barton, our Chief Financial Officer, each have over 30 years of commercial real estate experience, and the other members of senior management, including Adam Wyll, our President and Chief Operating Officer, each have over 20 years of commercial real estate experience.
17 unchanged sentences
We also provide all employees with a wide range of professional development experiences, both formal and informal.
−Removed: The safety and wellbeing of our employees is a paramount value for us, and the health and wellness of our employees is critical to our success.
+Added: The safety and well-being of our employees is a paramount value for us, and the health and wellness of our employees is critical to our success.
We provide our employees with access to a variety of flexible and convenient health and wellness programs designed to support their physical and mental health by providing tools and resources to help them improve or maintain their health and encourage healthy behaviors.
−Removed: In response to COVID-19 and its variants, we implemented significant changes that we believe were and continue to be in the best interests of our employees and which comply with government orders in all the states and counties where we operate.
−Removed: These changes include a number of new health-related measures, such as vaccination mandates for all employees (subject to certain permitted exceptions), requirements to wear face-masks at our properties to the extent required by government regulations, increased hygiene, cleaning and sanitizing procedures at our properties, social-distancing at our properties and limiting in-person meetings and other gatherings.
Additionally, we provide competitive compensation and benefits.
3 unchanged sentences
• 45.0% female;
+Added: and 0.5% non-binary;
• 55.3% ethnically diverse (i.e., Asian, African American, Hispanic or Latino and other (Native Hawaiian/ Pacific Islander and two or more of the foregoing)).
15 unchanged sentences
Furthermore, we may not be able to obtain adequate insurance coverage at reasonable costs in the future if the costs associated with property and casualty renewals become higher than anticipated or insurance carriers no longer offer certain coverage.
−Removed: Our properties are subject to various covenants, laws, ordinances and regulations, including laws such as the Americans with Disabilities Act of 1990, or ADA, and the Fair Housing Amendment Act of 1988, or FHAA, that impose further restrictions on our properties and operations.
+Added: Our properties are subject to various covenants, laws, ordinances and regulations, including laws such as the Americans with Disabilities Act of 1990, or the ADA, and the Fair Housing Amendment Act of 1988, or the FHAA, that impose further restrictions on our properties and operations.
Under the ADA and the FHAA, all public accommodations must meet federal requirements related to access and use by disabled persons.
39 unchanged sentences
None of our tenants accounted for more than 10% of total revenues in any of the years ended December 31, 2023, 2022 or 2021.
−Removed: Google LLC at The Landmark at One Market accounted for approximately 12.7%, 13.6% and 14.1% of total office segment revenues for the years ended December 31, 2022, 2021 and 2020, respectively.
LPL Holdings, Inc.
at La Jolla Commons accounted for approximately 13.2%, 13.2% and 14.4% of total office segment revenues for the years ended December 31, 2023, 2022 and 2021, respectively.
+Added: Google LLC at The Landmark at One Market accounted for approximately 10.4%, 12.7% and 13.6% of total office segment revenues for the years ended December 31, 2023, 2022 and 2021, respectively.
Foreign Operations
10 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.