19 unchanged sentences
In calculating market share, we adjusted the rentable square footage by:
−Removed: (i) removing 67,000 rentable square feet for an office building in Honolulu that we are converting to residential apartments from both our rentable square footage and that of the region, and (ii) to add a 218,000 square foot property located just outside the Beverly Hills city limits to both the numerator and the denominator.
+Added: (i) removing 62,000 rentable square feet for an office building in Honolulu that we are converting to residential apartments from both our rentable square footage and that of the region, and (ii) adding a 218,000 square foot property located just outside the Beverly Hills city limits to both the numerator and the denominator.
(3) Does not include signed leases not yet commenced, which are included in percent leased but excluded from Annualized Rent.
18 unchanged sentences
1 1 2037 255,884 1.4 $ 17,768,127 2.8
+Added: Equinox Fitness (3)
6 5 2029-2038 185,236 1.1 11,094,444 1.7
1 unchanged sentence
5 5 2027-2030 145,062 0.8 11,076,807 1.7
−Removed: Equinox Fitness (5)
13 8 2026-2033 151,431 0.9 8,461,101 1.3
5 unchanged sentences
(3) Square footage (rounded) expires as follows:
+Added: 34,000 square feet in 2029;
+Added: 46,000 square feet in 2035;
+Added: 31,000 square feet in 2037, and 74,000 square feet in 2038.
+Added: (4) Square footage (rounded) expires as follows:
+Added: 89,000 square feet in 2027;
+Added: 30,000 square feet in 2028;
+Added: and 26,000 square feet in 2030.
+Added: (5) Square footage (rounded) expires as follows:
5 leases totaling 60,000 square feet in 2026;
2 leases totaling 18,000 square feet in 2028;
−Removed: 1 lease totaling 8,000 square feet in 2028;
2 leases totaling 28,000 square feet in 2029;
+Added: 1 lease totaling 12,000 square feet in 2030;
+Added: 1 lease totaling 18,000 square feet in 2031;
and 2 leases totaling 14,000 square feet in 2033.
−Removed: (4) Square footage (rounded) expires as follows:
−Removed: 89,000 square feet in 2027 and 30,000 square feet in 2028, and 26,000 square feet in 2030.
−Removed: (5) Square footage (rounded) expires as follows:
−Removed: 34,000 square feet in 2029;
−Removed: 46,000 square feet in 2035;
−Removed: 31,000 square feet in 2037 and 74,000 square feet in 2038.
In-Service Office Portfolio Industry Diversification as of December 31, 2025
3 unchanged sentences
Real Estate 315 13.3 %
−Removed: Entertainment 136 10.0 %
Health Services 396 9.9 %
+Added: Entertainment 127 9.7 %
Accounting & Consulting 304 9.2 %
87 unchanged sentences
• For 2024, we excluded ten properties with an aggregate 2.7 million square feet.
−Removed: • For 2022, we excluded eleven properties with an aggregate 2.8 million square feet.
+Added: • For 2023, we excluded ten properties with an aggregate 2.7 million square feet.
In-Service Multifamily Portfolio Summary as of December 31, 2025
12 unchanged sentences
(1) The multifamily portfolio also includes:
−Removed: (i) 72,613 square feet consisting of ancillary retail space at three properties and the remaining office space at a building undergoing conversion from office to residential, and (ii) 712 apartment units at Barrington Plaza which is undergoing redevelopment.
+Added: (i) 72,613 square feet consisting of ancillary retail space at three properties and the remaining office space at a building undergoing conversion from office to residential, and (ii) 712 apartment units at The Landmark Residences (formerly Barrington Plaza) which is undergoing redevelopment.
These items are not included in this table.
15 unchanged sentences
(2) We excluded the following properties in accordance with our definition of Recurring Capital Expenditures:
−Removed: • For 2024, we excluded two properties with an aggregate 457 units.
+Added: • For 2025, we excluded one property with an aggregate 69 units.
• For 2024, we excluded two properties with an aggregate 457 units.
1 unchanged sentence
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.