Maryland (Kilroy Realty Corporation) Delaware (Kilroy Realty, L.P.) | 001-12675 (Kilroy Realty Corporation) 000-54005 (Kilroy Realty, L.P.) | 95-4598246 (Kilroy Realty Corporation) 95-4612685 (Kilroy Realty, L.P.) | ||||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||
12200 W. Olympic Boulevard, Suite 200 Los Angeles, California | 90064 | |||||
(Address of principal executive offices) | (Zip Code) |
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
99.1* | Supplemental United States Federal Income Tax Considerations |
* | Filed herewith |
Kilroy Realty Corporation | ||||||
Date: July 27, 2016 | ||||||
By: | /s/ Heidi R. Roth | |||||
Heidi R. Roth Executive Vice President, Chief Accounting Officer and Controller | ||||||
Kilroy Realty, L.P. | ||||||
Date: July 27, 2016 | ||||||
By: | Kilroy Realty Corporation, | |||||
Its general partner | ||||||
By: | /s/ Heidi R. Roth | |||||
Heidi R. Roth Executive Vice President, Chief Accounting Officer and Controller | ||||||
99.1* | Supplemental United States Federal Income Tax Considerations |
* | Filed herewith |
• | If we acquire any asset from a corporation which is or has been a C corporation in a transaction in which the basis of the asset in our hands is less than the fair market value of the asset, in each case determined at the time we acquired the asset, and we subsequently recognize gain on the disposition of the asset during a specified period beginning on the date on which we acquired the asset, then we will be required to pay tax at the highest regular corporate tax rate on this gain to the extent of the excess of (1) the fair market value of the asset over (2) our adjusted basis in the asset, in each case determined as of the date on which we acquired the asset. The specified period is currently five years, although recently promulgated Temporary Treasury Regulations, which expire on June 7, 2019, provide for a ten-year period for assets acquired on or after August 8, 2016. The results described in this paragraph with respect to the recognition of gain assume that the necessary parties make or refrain from making the appropriate elections under the applicable Treasury regulations then in effect. Treasury regulations exclude from the application of this built-in gains tax any gain from the sale of property acquired by us in an exchange under Section 1031 (a like kind exchange) or 1033 (an involuntary conversion) of the Code. |