−Removed: The following table provides a summary of the Company’s material physical property as of December 31, 2022:
+Added: The following table provides a summary of the Company’s physical properties as of December 31, 2023:
Average Effective Monthly
5 unchanged sentences
2023 December 31,
−Removed: Cityplace Tower 1,353,087 Office and Hospitality 8/15/2018 2.10 32.9%
+Added: White Rock Center 82,793 Retail 6/13/2013 $ 1.51 67.7 %
+Added: 5916 W Loop 289 30,140 Retail 7/23/2013 $ — — % (3)
+Added: Cityplace Tower 1,365,711 Office & Hospitality 8/15/2018 $ 2.14 51.3 %
(1) Average effective monthly occupied rent per square foot is equal to the average of the contractual rent for commenced leases as of December 31, 2023, minus any tenant concessions over the term of the lease, divided by the occupied square footage of commenced leases as of December 31, 2023.
(2) Percent occupied is calculated as the rentable square footage occupied as of December 31, 2023, divided by the total rentable square footage, expressed as a percentage.
+Added: (3) The property's tenant vacated in the fourth quarter of 2023.
+Added: The Company is currently looking into leasing out the property.
The Company's ownership of Cityplace Tower is subject to mortgage debt with an outstanding principal balance of approximately $142.3 million as of December 31, 2023.
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.