1 unchanged sentence
office markets:
−Removed: Atlanta, Boston, Dallas, Minneapolis, New York, Orlando, and Washington, D.C.
−Removed: As of December 31, 2019 and 2018, our in-service portfolio was 91.2% and 93.3% leased, respectively, with an average lease term remaining as of each period end of approximately seven years and an average lease size of approximately 20,000 square feet.
−Removed: No tenant accounts for more than 5.3% of our ALR, and our five largest tenants are U.S.
−Removed: Bancorp, State of New York, Independence Blue Cross, City of New York, and Transocean.
−Removed: ALR (see Item 1.
−Removed: Business - "Information Regarding Disclosures Presented" above) related to our in-service portfolio was $496.2 million, or $33.91 per leased square foot, as of December 31, 2019 as compared with $520.0 million, or $34.37 per leased square foot, as of December 31, 2018.
+Added: Dallas, Atlanta, Washington, D.C., Minneapolis, Boston, Orlando, and New York , with a majority of such revenue coming from Sunbelt markets.
+Added: As of December 31, 2020 and 2019, our in-service portfolio was 86.8% and 89.7% (as restated to include one previously out-of-service asset, Two Pierce Place in Itasca, Illinois, which was placed back into service on January 1, 2020) leased, respectively, with an average lease term remaining as of each period end of approximately six years and an average lease size of between 15,000 and 20,000 square feet.
+Added: Only two tenants account for 5% or more of our ALR;
+Added: US Bancorp (5.1% of ALR) and State of New York (5.0% of ALR).
+Added: ALR related to our in-service portfolio was $515.1 million, or $36.12 per leased square foot, as of December 31, 2020 as compared with $496.2 million, or $33.91 per leased square foot, as of December 31, 2019.
These rental rates are presented before consideration of the fact that several of our largest tenants self-perform various aspects of their building management;
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Lease Revenue (%) Percent Leased (%)
+Added: Dallas $ 101,639 3,549 19.7 86.0
Atlanta 90,783 3,388 17.6 84.9
−Removed: Minneapolis 67,637 2,104 13.6 97.1
−Removed: New York 66,631 1,770 13.4 95.5
Washington, D.C.
70,204 1,620 13.6 82.0
+Added: Minneapolis 65,997 2,104 12.8 93.3
Boston 58,983 1,885 11.5 91.7
−Removed: Dallas 55,360 2,115 11.2 86.0
Orlando 54,404 1,754 10.6 92.3
+Added: New York 50,186 1,029 9.7 93.8
22,942 1,099 4.5 66.1
$ 515,138 16,428 100.0 86.8
−Removed: (1) Includes 1901 Market Street in Philadelphia, Pennsylvania;
−Removed: 1430 Enclave Parkway and Enclave Place in Houston, Texas;
+Added: (1) Includes 1430 Enclave Parkway and Enclave Place in Houston, Texas;
and Two Pierce Place in Chicago, Illinois.
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Certain Restrictions Related to our Properties
−Removed: As of December 31, 2019, the 5 Wall Street building in Burlington, Massachusetts and the 1901 Market Street building in Philadelphia, Pennsylvania, were held as collateral for debt, and no properties were subject to ground leases.
−Removed: Refer to Schedule III listed in the index of Item 15(a) of this report, for further details regarding the two properties held as collateral for debt facilities as of December 31, 2019.
+Added: As of December 31, 2020, only the 5 Wall Street building in Burlington, Massachusetts is held as collateral for debt, and no properties were subject to ground leases.
+Added: Refer to Schedule III listed in the index of Item 15(a) of this report, for further details regarding our properties as of December 31, 2020.
Index to Financial Statements
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.