REAL ESTATE (Tables)

9 Months Ended

Sep. 30, 2020

Real Estate [Abstract]

Schedule of Real Estate Investments

The following table summarizes the Company’s investments in real estate as of September 30, 2020 (in thousands):

Property	Date Acquired	City	State	Property Type	Total Real Estate, at Cost (1)		Accumulated Depreciation and Amortization (1)		Total Real Estate, Net (1)
Domain Gateway	09/29/2011	Austin	TX	Office	$	67,019	$	(11,893)	$	55,126
Town Center	03/27/2012	Plano	TX	Office	129,410		(36,285)		93,125
McEwen Building	04/30/2012	Franklin	TN	Office	37,974		(9,971)		28,003
Gateway Tech Center	05/09/2012	Salt Lake City	UT	Office	29,518		(7,377)		22,141
RBC Plaza	01/31/2013	Minneapolis	MN	Office	154,513		(49,689)		104,824
Preston Commons	06/19/2013	Dallas	TX	Office	131,510		(26,431)		105,079
Sterling Plaza	06/19/2013	Dallas	TX	Office	84,693		(19,586)		65,107
201 Spear Street	12/03/2013	San Francisco	CA	Office	149,339		(24,359)		124,980
Accenture Tower	12/16/2013	Chicago	IL	Office	455,677		(97,479)		358,198
Anchor Centre	05/22/2014	Phoenix	AZ	Office	97,484		(22,011)		75,473
Ten Almaden	12/05/2014	San Jose	CA	Office	127,227		(25,099)		102,128
Towers at Emeryville	12/23/2014	Emeryville	CA	Office	209,141		(39,263)		169,878
3003 Washington Boulevard	12/30/2014	Arlington	VA	Office	151,372		(29,284)		122,088
Park Place Village	06/18/2015	Leawood	KS	Office/Retail	76,875		(1,766)		75,109
201 17th Street	06/23/2015	Atlanta	GA	Office	104,003		(22,413)		81,590
515 Congress	08/31/2015	Austin	TX	Office	125,254		(19,650)		105,604
The Almaden	09/23/2015	San Jose	CA	Office	185,080		(27,534)		157,546
3001 Washington Boulevard	11/06/2015	Arlington	VA	Office	60,848		(8,466)		52,382
Carillon	01/15/2016	Charlotte	NC	Office	159,223		(26,259)		132,964
					$	2,536,160	$	(504,815)	$	2,031,345

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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 September 30, 2020, the following property represented more than 10% of the Company’s total assets:

Property	Location	Rentable 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 Tower	Chicago, IL	1,457,724	$	358,198	13.6	%	$	32,832	$	27.88	80.8	%

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(1) Annualized base rent represents annualized contractual base rental income as of September 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 September 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):

October 1, 2020 through December 31, 2020	$	56,378
2021	223,540
2022	199,567
2023	171,690
2024	150,543
Thereafter	629,902
	$	1,431,620

Schedules of Concentration of Risk, by Risk Factor

As of September 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:

Industry	Number of Tenants	Annualized Base Rent (1) (in thousands)		Percentage of Annualized Base Rent
Finance	125	$	44,816	19.0	%
Real Estate	60	27,101		11.5	%
		$	71,917	30.5	%

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(1) Annualized base rent represents annualized contractual base rental income as of September 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.