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SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION
 12 Months Ended
Dec. 31, 2024
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION
Initial Cost to CompanyGross Amount at which
Carried at Close of Period
DescriptionLocationOwnership
Percent		EncumbrancesLand
Building and
Improvements (1)
Total
Cost
Capitalized
Subsequent to
Acquisition(2)
Land
Building and
Improvements (1)
Total (3)
Accumulated
Depreciation
and
Amortization		Original Date of
Construction		Date
Acquired
Town Center
Plano, TX100%
(4)
$7,428 $108,547 $115,975 $27,335 $7,428 $135,882 $143,310 $(58,514)2001/2002/200603/27/2012
Gateway Tech Center (7)
Salt Lake City, UT100%
(5)
5,617 20,051 25,668 11,720 5,617 31,771 37,388 (14,095)190905/09/2012
60 South SixthMinneapolis, MN100%
(4)
16,951 109,191 126,142 (10,622)16,003 99,517 115,520 (1,825)199101/31/2013
Sterling PlazaDallas, TX100%
(4)
6,800 68,292 75,092 21,994 6,800 90,286 97,086 (36,020)198406/19/2013
Accenture Tower (7)
Chicago, IL100%307,097 49,306 370,662 419,968 155,487 49,306 526,149 575,455 (184,634)198712/16/2013
Ten AlmadenSan Jose, CA100%
(4)
7,000 110,292 117,292 14,307 7,000 124,599 131,599 (45,433)198812/05/2014
Towers at EmeryvilleEmeryville, CA100%
(4)
35,774 147,167 182,941 40,756 35,774 187,923 223,697 (73,665)1972/1975/198512/23/2014
3003 Washington BoulevardArlington, VA100%
(6)
18,800 129,820 148,620 6,194 18,800 136,014 154,814 (49,418)201412/30/2014
Park Place Village (7)
Leawood, KS100%65,000 11,009 117,070 128,079 (40,243)8,101 79,735 87,836 (17,430)200706/18/2015
201 17th Street (7)
Atlanta, GA100%
(5)
5,277 86,859 92,136 13,371 5,277 100,230 105,507 (37,952)200706/23/2015
515 Congress (7)
Austin, TX100%
(5)
8,000 106,261 114,261 23,214 8,000 129,475 137,475 (40,512)197508/31/2015
The AlmadenSan Jose, CA100%118,440 29,000 130,145 159,145 33,988 29,000 164,133 193,133 (56,081)1980/198109/23/2015
3001 Washington BoulevardArlington, VA100%
(6)
9,900 41,551 51,451 9,548 9,900 51,099 60,999 (16,648)201511/06/2015
Carillon (7)
Charlotte, NC100%88,140 19,100 126,979 146,079 35,025 19,100 162,004 181,104 (49,165)199101/15/2016
TOTAL
$229,962 $1,672,887 $1,902,849 $342,074 $226,106 $2,018,817 $2,244,923 $(681,392)
____________________
(1) Building and improvements includes tenant origination and absorption costs and construction in progress.
(2) Costs capitalized subsequent to acquisition is net of impairment charges, write-offs of fully depreciated/amortized assets and property damage.
(3) The aggregate cost of real estate for federal income tax purposes was $2.5 billion (unaudited) as of December 31, 2024.
(4) As of December 31, 2024, these properties served as the security for the Amended and Restated Portfolio Loan Facility, which had an outstanding principal balance of $460.9 million.
(5) As of December 31, 2024, these properties served as the security for the Modified Portfolio Revolving Loan Facility, which had an outstanding principal balance of $209.8 million.
(6) As of December 31, 2024, these properties served as the security for the 3001 & 3003 Washington Mortgage Loan, which had an outstanding principal balance of $138.8 million.
(7) In connection with the restructuring of certain debt facilities, the Company has directly and/or indirectly pledged the equity of subsidiaries owning these properties. See Note 8, “Notes Payable – Recent Financing Transactions” and Note 14, “Subsequent Events – Eighth Modification of the Amended and Restated Portfolio Loan Facility.”
202420232022
Real Estate:
Balance at the beginning of the year$2,552,979 $2,568,352 $2,441,266 
Improvements27,132 76,346 144,693 
Write off of fully depreciated and fully amortized assets(70,652)(46,260)(17,607)
Impairments(6,847)(45,459)— 
Sale(187,118)— — 
Deed-in-lieu of foreclosure(70,571)— — 
Balance at the end of the year$2,244,923 $2,552,979 $2,568,352 
Accumulated depreciation and amortization:
Balance at the beginning of the year$(713,501)$(656,401)$(572,968)
Depreciation and amortization expense(98,645)(103,360)(101,040)
Write off of fully depreciated and fully amortized assets70,652 46,260 17,607 
Sale58,559 — — 
Deed-in-lieu of foreclosure1,543 — — 
Balance at the end of the year$(681,392)$(713,501)$(656,401)