| Schedule of Operating Properties and Land Dispositions |
The following table summarizes the operating properties sold during the year ended December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Location | | Month of
Disposition | | Number of Buildings | | Rentable
Square Feet (unaudited) | | Sales Price (in millions) (1) | | 2025 Dispositions | | | | | | | | | 501 Santa Monica Boulevard, Santa Monica, CA (2) | | June | | 1 | | 78,509 | | | $ | 40.0 | | Silicon Valley Campus, CA (2) | | September | | 4 | | 663,460 | | | 365.0 | | 6255 W. Sunset Boulevard, Los Angeles, CA (Sunset Media Center) (3) | | December | | 1 | | 325,772 | | | 61.0 | | | Total 2025 Dispositions | | 6 | | 1,067,741 | | | $ | 466.0 | |
____________________ (1)Represents gross sales price before broker commissions, closing costs, and purchase price credits. (2)The total gains on the sales of the operating properties sold during the year ended December 31, 2025 was $127.0 million. (3)During the three months and year ended December 31, 2025, we recognized an impairment charge of approximately $16.3 million to reduce the carrying amount of this property to its current fair value less closing costs. The major classes of assets and liabilities of the property classified as held for sale as of December 31, 2025 were as follows: | | | | | | | Real estate and other assets held for sale, net | (in thousands) | Land | $ | 23,158 | | | Buildings and improvements | 198,535 | | Total real estate assets held for sale | 221,693 | | | Accumulated depreciation and amortization | (116,693) | | Total real estate assets held for sale, net | 105,000 | | | Current receivables, net | 598 | | | Deferred rent receivables, net | 5,433 | | Deferred leasing costs and acquisition-related intangible assets, net | 3,939 | | | Prepaid expenses and other assets, net | 185 | | | Total real estate and other assets held for sale, net | $ | 115,155 | | | | | Liabilities related to real estate assets held for sale | | | Accounts payable, accrued expenses, and other liabilities | $ | 663 | | | Deferred revenue and acquisition-related intangible liabilities, net | 1,882 | | | Rents received in advance and tenant security deposits | 2,400 | | Total liabilities related to real estate assets held for sale | $ | 4,945 | |
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