In February 2026, the Company acquired 300 South Tryon in Uptown Charlotte. The assets acquired and liabilities assumed were recorded at relative fair value, as determined by management, with the assistance of third-party specialists, based on information available at the acquisition date and on current assumptions of future operations. The following table summarizes the acquisition ($ in thousands):


	300 South Tryon
Closing Purchase Price	$	317,500
Acquisition Date	February 2026
Square Feet	638,000
Market	Charlotte
Purchase Price Allocation
Tangible assets
Operating properties	$	306,470








Intangible and other assets

In-place leases (1)	26,467


Prepaid expenses	171
Above market rents	125
	26,763




Intangible and other liabilities
Below market leases (1)	(14,505)

Accounts payable and other liabilities	(1,467)

	(15,972)

Total net assets acquired (2)	$	317,261

(2) Represents net purchase price, including acquisition costs of $1.1 million, as well as net operating liabilities acquired through closing prorations of $1.5 million.

On February 25, 2026, the Company sold Harborview Plaza in Tampa for a gross sales price of $39.5 million. The sale of the property did not result in a significant gain or loss. The Company recorded an impairment of $13.3 million on this property in 2025.

Subsequent to quarter end, on July 29, 2026, the Company sold One Eleven Congress in Austin for a gross sales price of $208.0 million. The sale of the property did not result in a significant gain or loss. The Company recorded an impairment on this property of $36.6 million during the three months ended March 31, 2026 as discussed below.

The major classes of assets and liabilities of properties held for sale as of June 30, 2026 (One Eleven Congress and 303 Tremont land parcel) and December 31, 2025 (Harborview Plaza and 303 Tremont land parcel) were as follows ($ in thousands):


Real estate assets and other assets held for sale	2026		2025
Operating properties, net of accumulated depreciation of $76,070 and $15,341 in 2026 and 2025, respectively.	$	192,230	$	35,682
Land	18,854		18,854
Notes and accounts receivable	612		272
Deferred rents receivable	6,355		2,082
Intangible assets, net of accumulated amortization of $3,576 and $682 in 2026 and 2025, respectively.	280		138
Other assets	5,255		4,461
	$	223,586	$	61,489
Liabilities of real estate assets held for sale
Accounts payable and accrued expenses	$	4,149	$	1,769
Deferred income	1,295		266
Intangible liabilities, net of accumulated amortization of $1,291 and $140 in 2026 and 2025, respectively.	163		49
Other liabilities	2,129		765
	$	7,736	$	2,849

In accordance with the Company's policy on impairment described in Note 2 of the consolidated financial statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, the Company reviews its real estate assets on an asset group basis for impairment and records an impairment when circumstances indicate an asset group's carrying value may not be recoverable. This review includes the Company's operating properties, properties under development, and land holdings and considers whether each asset group is held for investment or held for sale.

In March 2026, the Company entered into an agreement to sell One Eleven Congress and determined that it was more likely than not that the expected hold period for the related asset group had significantly decreased. Because the carrying value of the asset group exceeded the undiscounted cash flows over the revised hold period, the property was written down to its estimated fair value, resulting in an impairment of $36.6 million recognized in the three months ended March 31, 2026. The estimated fair value was based on the third-party offer to purchase (a level 2 input under authoritative guidance for fair value measurements). As of June 30, 2026, the asset group is classified as held for sale on the Company's accompanying consolidated balance sheets.