REAL ESTATE (Tables)

3 Months Ended

Mar. 31, 2026

The following table summarizes the Company’s investments in real estate held for investment as of March 31, 2026 (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)

Town Center	03/27/2012	Plano	TX	Office	$	149,202	$	(66,946)	$	82,256


60 South Sixth	01/31/2013	Minneapolis	MN	Office	88,240		(2,899)		85,341



Accenture Tower	12/16/2013	Chicago	IL	Office	583,978		(213,795)		370,183
Ten Almaden	12/05/2014	San Jose	CA	Office	131,814		(51,141)		80,673
Towers at Emeryville	12/23/2014	Emeryville	CA	Office	130,272		(2,654)		127,618
3003 Washington Boulevard	12/30/2014	Arlington	VA	Office	154,914		(54,916)		99,998

201 17th Street	06/23/2015	Atlanta	GA	Office	105,896		(43,404)		62,492
515 Congress	08/31/2015	Austin	TX	Office	139,225		(46,951)		92,274
The Almaden	09/23/2015	San Jose	CA	Office	90,201		—		90,201
3001 Washington Boulevard	11/06/2015	Arlington	VA	Office	61,070		(18,963)		42,107
Carillon	01/15/2016	Charlotte	NC	Office	182,055		(57,723)		124,332
					$	1,816,867	$	(559,392)	$	1,257,475

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(1) Amounts presented are net of impairment charges and write-offs of fully depreciated/amortized assets.

Schedule of Concentration of Risk, by Risk Factor

As of March 31, 2026, 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)		Occupancy
Accenture Tower	Chicago, IL	1,457,724	$	370,183	24.4	%	$	36,624	88.5	%

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(1) Annualized base rent represents annualized contractual base rental income as of March 31, 2026, 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 Held for Investment

As of March 31, 2026, the future minimum rental income from the Company’s properties held for investment under its non-cancelable operating leases was as follows (in thousands):


April 1, 2026 through December 31, 2026	$	110,168
2027	134,596
2028	119,162
2029	96,079
2030	81,529
Thereafter	296,578
	$	838,112