68 unchanged sentences
Total Leased Square Feet Percent of Rentable Square Feet Annualized Rent Percent of Annualized Rent
−Removed: WarnerMedia/AT&T (2)
+Added: Discovery (2)
4 3 2023-2024 483,412 2.7 % $ 27,477,617 3.9 %
12 unchanged sentences
27,000 square feet in 2023;
−Removed: 13,000 square feet in 2023;
and 456,000 square feet in 2024.
4 unchanged sentences
5 leases totaling 32,000 square feet in 2026;
−Removed: 5 leases totaling 32,000 square feet in 2026;
and 3 leases totaling 71,000 square feet in 2027.
6 unchanged sentences
26,000 square feet in 2025;
−Removed: 30,000 square feet in 2023;
−Removed: 26,000 square feet in 2025;
and 86,000 square feet in 2027;
−Removed: Tenant has an option to terminate 32,000 square feet in 2024.
+Added: and 30,000 square feet in 2028.
+Added: Tenant has options to terminate 32,000 square feet in 2024.
(6) Square footage (rounded) expires as follows:
49 unchanged sentences
(3) Represents the square footage adjustments for leases that do not reflect BOMA remeasurement.
−Removed: Historical Office Tenant Improvements and Leasing Commissions
+Added: Office Tenant Improvements and Leasing Commissions
Year Ended December 31,
28 unchanged sentences
Tenant improvements are based on signed leases, or, for leases in which a tenant improvement allowance was not specified, the amount budgeted at the time the lease commenced.
−Removed: Historical Office Recurring Capital Expenditures (consolidated office portfolio)
+Added: Office Recurring Capital Expenditures (consolidated office portfolio)
Year Ended December 31,
10 unchanged sentences
• For 2021, we excluded eleven properties with an aggregate 2.9 million square feet.
−Removed: • For 2019, we excluded twelve properties with an aggregate 3.2 million square feet.
+Added: • For 2020, we excluded eleven properties with an aggregate 3.0 million square feet.
Multifamily Portfolio as of December 31, 2022
2 unchanged sentences
West Los Angeles 7 1,676 33
+Added: Honolulu 4 2,397 48
Total 14 5,013 100 %
8 unchanged sentences
(1) The multifamily portfolio also includes 10,495 square feet of ancillary retail space generating annualized rent of $449,224, which is not included in multifamily annualized rent.
−Removed: (2) 83 units at one property, which are temporarily unoccupied as a result of a fire, are omitted from the calculation of Percent Leased.
−Removed: These units, as well as insurance recoveries for lost rent, are also omitted from the calculation of Annualized Rent.
−Removed: Historical Multifamily Recurring Capital Expenditures
+Added: (2) Calculations exclude 94 units temporarily unoccupied as a result of a fire and 376 units at a newly constructed property undergoing lease up.
+Added: Multifamily Recurring Capital Expenditures
Year Ended December 31,
7 unchanged sentences
____________________________________________________
−Removed: (1) Recurring Capital Expenditures are costs associated with the turnover of units.
+Added: (1) Recurring Capital Expenditures include costs associated with the turnover of units.
Our multifamily portfolio includes a large number of units that, due to Santa Monica rent control laws, have had only modest rent increases since 1979.
3 unchanged sentences
• For 2022, we excluded two properties with an aggregate 1088 units.
−Removed: • For 2020, we excluded four properties with an aggregate 1,057 units.
• For 2021, we excluded two properties with an aggregate 939 units.
+Added: • For 2020, we excluded four properties with an aggregate 1057 units.
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.