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REAL ESTATE (Tables)
 6 Months Ended
Jun. 30, 2020
Real Estate [Abstract]  
Schedule of Real Estate Investments The following table summarizes the Company’s investments in real estate as of June 30, 2020 (in thousands):
PropertyDate AcquiredCityStateProperty Type
Total Real Estate,
at Cost (1)
Accumulated Depreciation and Amortization (1)
Total Real Estate, Net (1)
Domain Gateway09/29/2011AustinTXOffice$63,279  $(11,596) $51,683  
Town Center03/27/2012PlanoTXOffice129,070  (34,895) 94,175  
McEwen Building04/30/2012FranklinTNOffice37,658  (9,635) 28,023  
Gateway Tech Center05/09/2012Salt Lake CityUTOffice28,674  (7,038) 21,636  
RBC Plaza01/31/2013MinneapolisMNOffice154,013  (47,843) 106,170  
Preston Commons06/19/2013DallasTXOffice127,822  (25,266) 102,556  
Sterling Plaza 06/19/2013DallasTXOffice82,951  (18,730) 64,221  
201 Spear Street 12/03/2013San FranciscoCAOffice149,327  (22,969) 126,358  
Accenture Tower
12/16/2013ChicagoILOffice454,560  (93,024) 361,536  
Anchor Centre05/22/2014PhoenixAZOffice97,786  (21,235) 76,551  
Ten Almaden12/05/2014San JoseCAOffice126,863  (23,717) 103,146  
Towers at Emeryville
12/23/2014EmeryvilleCAOffice209,176  (37,325) 171,851  
3003 Washington Boulevard12/30/2014ArlingtonVAOffice151,372  (28,021) 123,351  
Park Place Village 06/18/2015LeawoodKSOffice/Retail76,774  (909) 75,865  
201 17th Street 06/23/2015AtlantaGAOffice103,893  (21,264) 82,629  
515 Congress 08/31/2015Austin TXOffice125,885  (19,299) 106,586  
The Almaden09/23/2015San JoseCAOffice181,714  (25,736) 155,978  
3001 Washington Boulevard11/06/2015ArlingtonVAOffice60,848  (7,987) 52,861  
Carillon 01/15/2016CharlotteNCOffice158,004  (25,313) 132,691  
$2,519,669  $(481,802) $2,037,867  
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(1) Amounts presented are net of impairment charges and write-offs of fully depreciated/amortized assets.
Schedules of Concentration of Risk, by Assets
As of June 30, 2020, the following property represented more than 10% of the Company’s total assets:
PropertyLocationRentable
Square Feet		Total Real Estate, Net
(in thousands)		Percentage
of Total Assets
Annualized Base Rent
(in thousands) (1)
Average Annualized Base Rent per sq. ft.Occupancy
Accenture TowerChicago, IL1,457,724  $361,536  13.7 %$32,529  $27.74  80.5 %
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(1) Annualized base rent represents annualized contractual base rental income as of June 30, 2020, adjusted to straight-line any contractual tenant concessions (including free rent), rent increases and rent decreases from the lease’s inception through the balance of the lease term.
Schedule of Future Minimum Rental Income for Company's Properties
As of June 30, 2020, the future minimum rental income from the Company’s properties held for investment under its non-cancelable operating leases was as follows (in thousands):
July 1, 2020 through December 31, 2020$112,461  
2021221,907  
2022197,778  
2023168,586  
2024148,452  
Thereafter623,845  
$1,473,029  
Schedules of Concentration of Risk, by Risk Factor
As of June 30, 2020, the Company’s office and office/retail properties were leased to approximately 640 tenants over a diverse range of industries and geographic areas. The Company’s highest tenant industry concentrations (greater than 10% of annualized base rent) were as follows:
IndustryNumber of Tenants
Annualized Base Rent (1)
(in thousands)
Percentage of Annualized Base Rent
Finance123$42,314  18.1 %
Real Estate6227,438  11.7 %
Professional, Scientific and Technical Services4225,180  10.8 %
$94,932  40.6 %
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(1) Annualized base rent represents annualized contractual base rental income as of June 30, 2020, adjusted to straight-line any contractual tenant concessions (including free rent), rent increases and rent decreases from the lease’s inception through the balance of the lease term.