SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

HPP BREP V HOLDCO A LLC

(Last)

(First)

(Middle)

C/O THE BLACKSTONE GROUP L.P.

345 PARK AVENUE

(Street)

NEW YORK

10154

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/31/2015

3. Issuer Name and Ticker or Trading Symbol
Hudson Pacific Properties, Inc. [ HPP ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,913,567	I	See Footnotes⁽¹⁾⁽²⁾⁽²⁷⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Stock	669,716	I	See Footnotes⁽¹⁾⁽³⁾⁽²⁷⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Stock	1,720,620	I	See Footnotes⁽¹⁾⁽⁴⁾⁽²⁷⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Stock	470,476	I	See Footnotes⁽¹⁾⁽⁵⁾⁽²⁷⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Stock	192,760	I	See Footnotes⁽¹⁾⁽⁶⁾⁽²⁷⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Stock	1,335,362	I	See Footnotes⁽¹⁾⁽⁷⁾⁽²⁸⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Stock	388,898	I	See Footnotes⁽¹⁾⁽⁸⁾⁽²⁸⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Stock	815,338	I	See Footnotes⁽¹⁾⁽⁹⁾⁽²⁸⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Stock	661,829	I	See Footnotes⁽¹⁾⁽¹⁰⁾⁽²⁸⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Stock	4,120	I	See Footnotes⁽¹⁾⁽¹¹⁾⁽²⁸⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Stock	23,584	I	See Footnotes⁽¹⁾⁽¹²⁾⁽²⁸⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Stock	80,675	I	See Footnotes⁽¹⁾⁽¹³⁾⁽³⁰⁾⁽³¹⁾⁽³²⁾⁽³³⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Units	⁽¹⁴⁾	⁽¹⁴⁾	Common Units	5,426,289	⁽¹⁴⁾	I	See Footnotes⁽¹⁾⁽²⁾⁽²⁷⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Units	⁽¹⁴⁾	⁽¹⁴⁾	Common Units	1,899,111	⁽¹⁴⁾	I	See Footnotes⁽¹⁾⁽³⁾⁽²⁷⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Units	⁽¹⁴⁾	⁽¹⁴⁾	Common Units	4,879,148	⁽¹⁴⁾	I	See Footnotes⁽¹⁾⁽⁴⁾⁽²⁷⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Units	⁽¹⁴⁾	⁽¹⁴⁾	Common Units	1,334,127	⁽¹⁴⁾	I	See Footnotes⁽¹⁾⁽⁵⁾⁽²⁷⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Units	⁽¹⁴⁾	⁽¹⁴⁾	Common Units	546,960	⁽¹⁴⁾	I	See Footnotes⁽¹⁾⁽⁶⁾⁽²⁷⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Units	⁽¹⁴⁾	⁽¹⁴⁾	Common Units	3,782,328	⁽¹⁴⁾	I	See Footnotes⁽¹⁾⁽⁷⁾⁽²⁸⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Units	⁽¹⁴⁾	⁽¹⁴⁾	Common Units	1,101,527	⁽¹⁴⁾	I	See Footnotes⁽¹⁾⁽⁸⁾⁽²⁸⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Units	⁽¹⁴⁾	⁽¹⁴⁾	Common Units	2,309,392	⁽¹⁴⁾	I	See Footnotes⁽¹⁾⁽⁹⁾⁽²⁸⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Units	⁽¹⁴⁾	⁽¹⁴⁾	Common Units	1,874,587	⁽¹⁴⁾	I	See Footnotes⁽¹⁾⁽¹⁰⁾⁽²⁸⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Units	⁽¹⁴⁾	⁽¹⁴⁾	Common Units	11,671	⁽¹⁴⁾	I	See Footnotes⁽¹⁾⁽¹¹⁾⁽²⁸⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Units	⁽¹⁴⁾	⁽¹⁴⁾	Common Units	66,799	⁽¹⁴⁾	I	See Footnotes⁽¹⁾⁽¹²⁾⁽²⁸⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Units	⁽¹⁴⁾	⁽¹⁴⁾	Common Units	228,507	⁽¹⁴⁾	I	See Footnotes⁽¹⁾⁽¹³⁾⁽³⁰⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Units	⁽¹⁴⁾	⁽¹⁴⁾	Common Units	6,740,703	⁽¹⁴⁾	I	See Footnotes⁽¹⁾⁽¹⁵⁾⁽²⁷⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Units	⁽¹⁴⁾	⁽¹⁴⁾	Common Units	2,359,132	⁽¹⁴⁾	I	See Footnotes⁽¹⁾⁽¹⁶⁾⁽²⁷⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Units	⁽¹⁴⁾	⁽¹⁴⁾	Common Units	6,061,030	⁽¹⁴⁾	I	See Footnotes⁽¹⁾⁽¹⁷⁾⁽²⁷⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Units	⁽¹⁴⁾	⁽¹⁴⁾	Common Units	1,657,293	⁽¹⁴⁾	I	See Footnotes⁽¹⁾⁽¹⁸⁾⁽²⁷⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Units	⁽¹⁴⁾	⁽¹⁴⁾	Common Units	678,659	⁽¹⁴⁾	I	See Footnotes⁽¹⁾⁽¹⁹⁾⁽²⁷⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Units	⁽¹⁴⁾	⁽¹⁴⁾	Common Units	4,708,277	⁽¹⁴⁾	I	See Footnotes⁽¹⁾⁽²⁰⁾⁽²⁸⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Units	⁽¹⁴⁾	⁽¹⁴⁾	Common Units	1,371,192	⁽¹⁴⁾	I	See Footnotes⁽¹⁾⁽²¹⁾⁽²⁸⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Units	⁽¹⁴⁾	⁽¹⁴⁾	Common Units	2,874,753	⁽¹⁴⁾	I	See Footnotes⁽¹⁾⁽²²⁾⁽²⁸⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Units	⁽¹⁴⁾	⁽¹⁴⁾	Common Units	2,333,504	⁽¹⁴⁾	I	See Footnotes⁽¹⁾⁽²³⁾⁽²⁸⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Units	⁽¹⁴⁾	⁽¹⁴⁾	Common Units	14,528	⁽¹⁴⁾	I	See Footnotes⁽¹⁾⁽²⁴⁾⁽²⁸⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Units	⁽¹⁴⁾	⁽¹⁴⁾	Common Units	83,152	⁽¹⁴⁾	I	See Footnotes⁽¹⁾⁽²⁵⁾⁽²⁸⁾⁽²⁹⁾⁽³¹⁾⁽³²⁾⁽³³⁾
Common Units	⁽¹⁴⁾	⁽¹⁴⁾	Common Units	284,449	⁽¹⁴⁾	I	See Footnotes⁽¹⁾⁽²⁶⁾⁽³⁰⁾⁽³¹⁾⁽³²⁾⁽³³⁾

1. Name and Address of Reporting Person^*

HPP BREP V HOLDCO A LLC

(Last)

(First)

(Middle)

C/O THE BLACKSTONE GROUP L.P.

345 PARK AVENUE

(Street)

NEW YORK

10154

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

HPP BREP V HOLDCO B LLC

(Last)

(First)

(Middle)

C/O THE BLACKSTONE GROUP L.P.

345 PARK AVENUE

(Street)

NEW YORK

10154

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

HPP BREP V.TE.1 HOLDCO A LLC

(Last)

(First)

(Middle)

C/O THE BLACKSTONE GROUP L.P.

345 PARK AVENUE

(Street)

NEW YORK

10154

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

HPP BREP V.TE.1 HOLDCO B LLC

(Last)

(First)

(Middle)

C/O THE BLACKSTONE GROUP L.P.

345 PARK AVENUE

(Street)

NEW YORK

10154

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

HPP BREP V.TE.2 HOLDCO A LLC

(Last)

(First)

(Middle)

C/O THE BLACKSTONE GROUP L.P.

345 PARK AVENUE

(Street)

NEW YORK

10154

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

HPP BREP V.TE.2 HOLDCO B LLC

(Last)

(First)

(Middle)

C/O THE BLACKSTONE GROUP L.P.

345 PARK AVENUE

(Street)

NEW YORK

10154

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

HPP BREP V.F HOLDCO A LLC

(Last)

(First)

(Middle)

C/O THE BLACKSTONE GROUP L.P.

345 PARK AVENUE

(Street)

NEW YORK

10154

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

HPP BREP V.F HOLDCO B LLC

(Last)

(First)

(Middle)

C/O THE BLACKSTONE GROUP L.P.

345 PARK AVENUE

(Street)

NEW YORK

10154

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

HPP BRE HOLDINGS V HOLDCO A LLC

(Last)

(First)

(Middle)

C/O THE BLACKSTONE GROUP L.P.

345 PARK AVENUE

(Street)

NEW YORK

10154

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

HPP BRE HOLDINGS V HOLDCO B LLC

(Last)

(First)

(Middle)

C/O THE BLACKSTONE GROUP L.P.

345 PARK AVENUE

(Street)

NEW YORK

10154

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

Explanation of Responses:

1. Pursuant to a reorganization, each of Blackstone Real Estate Partners V L.P., Blackstone Real Estate Partners V.TE.1 L.P., Blackstone Real Estate Partners V.TE.2 L.P., Blackstone Real Estate Partners V.F L.P., Blackstone Real Estate Holdings V L.P., Blackstone Real Estate Partners VI L.P., Blackstone Real Estate Partners VI.TE.1 L.P., Blackstone Real Estate Partners VI.TE.2 L.P., Blackstone Real Estate Partners VI (AV) L.P., Blackstone Real Estate Partners (AIV) VI L.P., Blackstone Real Estate Holdings VI L.P., and Blackstone Family Real Estate Partnership VI - SMD L.P. contributed all the shares of Issuer common stock (the "Common Stock") and common units of Hudson Pacific Properties, L.P. ("OP Units") previously held directly by it to its wholly-owned subsidiaries described herein.

2. Reflects securities of the issuer held directly by HPP BREP V Holdco A LLC. HPP BREP V Holdco A LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners V L.P. These securities were previously held directly by Blackstone Real Estate Partners V L.P.

3. Reflects securities of the issuer held directly by HPP BREP V.TE.1 Holdco A LLC. HPP BREP V.TE.1 Holdco A LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners V.TE.1 L.P. These securities were previously held directly by Blackstone Real Estate Partners V.TE.1 L.P.

4. Reflects securities of the issuer held directly by HPP BREP V.TE.2 Holdco A LLC. HPP BREP V.TE.2 Holdco A LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners V.TE.2 L.P. These securities were previously held directly by Blackstone Real Estate Partners V.TE.2 L.P.

5. Reflects securities of the issuer held directly by HPP BREP V.F Holdco A LLC. HPP BREP V.F Holdco A LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners V.F L.P. These securities were previously held directly by Blackstone Real Estate Partners V.F L.P.

6. Reflects securities of the issuer held directly by HPP BRE Holdings V Holdco A LLC. HPP BRE Holdings V Holdco A LLC is a wholly-owned subsidiary of Blackstone Real Estate Holdings V L.P. These securities were previously held directly by Blackstone Real Estate Holdings V L.P.

7. Reflects securities of the issuer held directly by HPP BREP VI Holdco A LLC. HPP BREP VI Holdco A LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners VI L.P. These securities were previously held directly by Blackstone Real Estate Partners VI L.P.

8. Reflects securities of the issuer held directly by HPP BREP VI.TE.1 Holdco A LLC. HPP BREP VI.TE.1 Holdco A LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners VI.TE.1 L.P. These securities were previously held directly by Blackstone Real Estate Partners VI.TE.1 L.P.

9. Reflects securities of the issuer held directly by HPP BREP VI.TE.2 Holdco A LLC. HPP BREP VI.TE.2 Holdco A LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners VI.TE.2 L.P. These securities were previously held directly by Blackstone Real Estate Partners VI.TE.2 L.P.

10. Reflects securities of the issuer held directly by HPP BREP VI AV Holdco A LLC. HPP BREP VI AV Holdco A LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners VI (AV) L.P. These securities were previously held directly by Blackstone Real Estate Partners VI (AV) L.P.

11. Reflects securities of the issuer held directly by HPP BREP (AIV) VI Holdco A LLC. HPP BREP (AIV) VI Holdco A LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners (AIV) VI L.P. These securities were previously held directly by Blackstone Real Estate Partners (AIV) VI L.P.

12. Reflects securities of the issuer held directly by HPP BRE Holdings VI Holdco A LLC. HPP BRE Holdings VI Holdco A LLC is a wholly-owned subsidiary of Blackstone Real Estate Holdings VI L.P. These securities were previously held directly by Blackstone Real Estate Holdings VI L.P.

13. Reflects securities of the issuer held directly by HPP BFREP VI SMD Holdco A LLC. HPP BFREP VI SMD Holdco A LLC is a wholly-owned subsidiary of Blackstone Family Real Estate Partnership VI - SMD L.P. These securities were previously held directly by Blackstone Family Real Estate Partnership VI - SMD L.P.

14. Pursuant to the terms of the Third Amended and Restated Limited Partnership Agreement of Hudson Pacific Properties, L.P., and subject to certain requirements and restrictions, the common units of Hudson Pacific Properties, L.P. are redeemable for shares of common stock of the issuer, on a one-for-one basis or, at the option of the issuer, for cash.

15. Reflects securities of the issuer held directly by HPP BREP V Holdco B LLC. HPP BREP V Holdco B LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners V L.P. These securities were previously held directly by Blackstone Real Estate Partners V L.P.

16. Reflects securities of the issuer held directly by HPP BREP V.TE.1 Holdco B LLC. HPP BREP V.TE.1 Holdco B LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners V.TE.1 L.P. These securities were previously held directly by Blackstone Real Estate Partners V.TE.1 L.P.

17. Reflects securities of the issuer held directly by HPP BREP V.TE.2 Holdco B LLC. HPP BREP V.TE.2 Holdco B LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners V.TE.2 L.P. These securities were previously held directly by Blackstone Real Estate Partners V.TE.2 L.P.

18. Reflects securities of the issuer held directly by HPP BREP V.F Holdco B LLC. HPP BREP V.F Holdco B LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners V.F L.P. These securities were previously held directly by Blackstone Real Estate Partners V.F L.P.

19. Reflects securities of the issuer held directly by HPP BRE Holdings V Holdco B LLC. HPP BRE Holdings V Holdco B LLC is a wholly-owned subsidiary of Blackstone Real Estate Holdings V L.P. These securities were previously held directly by Blackstone Real Estate Holdings V L.P.

20. Reflects securities of the issuer held directly by HPP BREP VI Holdco B LLC. HPP BREP VI Holdco B LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners VI L.P. These securities were previously held directly by Blackstone Real Estate Partners VI L.P.

21. Reflects securities of the issuer held directly by HPP BREP VI.TE.1 Holdco B LLC. HPP BREP VI.TE.1 Holdco B LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners VI.TE.1 L.P. These securities were previously held directly by Blackstone Real Estate Partners VI.TE.1 L.P.

22. Reflects securities of the issuer held directly by HPP BREP VI.TE.2 Holdco B LLC. HPP BREP VI.TE.2 Holdco B LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners VI.TE.2 L.P. These securities were previously held directly by Blackstone Real Estate Partners VI.TE.2 L.P.

23. Reflects securities of the issuer held directly by HPP BREP VI AV Holdco B LLC. HPP BREP VI AV Holdco B LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners VI (AV) L.P. These securities were previously held directly by Blackstone Real Estate Partners VI (AV) L.P.

24. Reflects securities of the issuer held directly by HPP BREP (AIV) VI Holdco B LLC. HPP BREP (AIV) VI Holdco B LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners (AIV) VI L.P. These securities were previously held directly by Blackstone Real Estate Partners (AIV) VI L.P.

25. Reflects securities of the issuer held directly by HPP BRE Holdings VI Holdco B LLC. HPP BRE Holdings VI Holdco B LLC is a wholly-owned subsidiary of Blackstone Real Estate Holdings VI L.P. These securities were previously held directly by Blackstone Real Estate Holdings VI L.P.

26. Reflects securities of the issuer held directly by HPP BFREP VI SMD Holdco B LLC. HPP BFREP VI SMD Holdco B LLC is a wholly-owned subsidiary of Blackstone Family Real Estate Partnership VI - SMD L.P. These securities were previously held directly by Blackstone Family Real Estate Partnership VI - SMD L.P.

27. The general partner of each of Blackstone Real Estate Partners V L.P., Blackstone Real Estate Partners V.TE.1 L.P., Blackstone Real Estate Partners V.TE.2 L.P. and Blackstone Real Estate Partners V.F L.P. is Blackstone Real Estate Associates V L.P. The general partner of Blackstone Real Estate Associates V L.P. is BREA V L.L.C. The general partner of Blackstone Real Estate Holdings V L.P. is BREP V Side-by-Side GP L.L.C. The sole member of BREP V Side-by-Side GP L.L.C., and the managing member of BREA V L.L.C., is Blackstone Holdings II L.P. The general partner of Blackstone Holdings II L.P. is Blackstone Holdings I/II GP Inc. The sole shareholder of Blackstone Holdings I/II GP Inc. is The Blackstone Group L.P.

28. The general partner of each of Blackstone Real Estate Partners VI L.P., Blackstone Real Estate Partners VI.TE.1 L.P., Blackstone Real Estate Partners VI.TE.2 L.P., Blackstone Real Estate Partners VI (AV) L.P. and Blackstone Real Estate Partners (AIV) VI L.P. is Blackstone Real Estate Associates VI L.P. The general partner of Blackstone Real Estate Associates VI L.P. is BREA VI L.L.C. The general partner of Blackstone Real Estate Holdings VI L.P. is BREP VI Side-by-Side GP L.L.C. The sole member of BREP VI Side-by-Side GP L.L.C., and the managing member of BREA VI L.L.C., is Blackstone Holdings III L.P. The general partner of Blackstone Holdings III L.P. is Blackstone Holdings III GP L.P. The general partner of Blackstone Holdings III GP L.P. is Blackstone Holdings III GP Management L.L.C. The sole member of Blackstone Holdings III GP Management L.L.C. is The Blackstone Group L.P.

29. The general partner of The Blackstone Group L.P. is Blackstone Group Management L.L.C. Blackstone Group Management L.L.C. is wholly-owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman.

30. The general partner of Blackstone Family Real Estate Partnership VI - SMD L.P. is Blackstone Family GP L.L.C., which is in turn, wholly owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman.

31. Due to the limitations of the electronic filing system certain Reporting Persons are filing a separate Form 3.

32. Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

33. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934 (the "Act"), each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose. The filing of this Form 3 shall not be deemed an admission that the Reporting Persons are subject to Section 16 of the Act.

Remarks:

	HPP BREP V HOLDCO A LLC, By: /s/ Michael Lascher, Name: Michael Lascher, Title: Managing Director	01/05/2016
	HPP BREP V HOLDCO B LLC, By: /s/ Michael Lascher, Name: Michael Lascher, Title: Managing Director	01/05/2016
	HPP BREP V.F HOLDCO A LLC, By: /s/ Michael Lascher, Name: Michael Lascher, Title: Managing Director	01/05/2016
	HPP BREP V.F HOLDCO B LLC, By: /s/ Michael Lascher, Name: Michael Lascher, Title: Managing Director	01/05/2016
	HPP BREP V.TE.1 HOLDCO A LLC, By: /s/ Michael Lascher, Name: Michael Lascher, Title: Managing Director	01/05/2016
	HPP BREP V.TE.1 HOLDCO B LLC, By: /s/ Michael Lascher, Name: Michael Lascher, Title: Managing Director	01/05/2016
	HPP BREP V.TE.2 HOLDCO A LLC, By: /s/ Michael Lascher, Name: Michael Lascher, Title: Managing Director	01/05/2016
	HPP BREP V.TE.2 HOLDCO B LLC, By: /s/ Michael Lascher, Name: Michael Lascher, Title: Managing Director	01/05/2016
	HPP BRE HOLDINGS V HOLDCO A LLC, By: /s/ Michael Lascher, Name: Michael Lascher, Title: Managing Director	01/05/2016
	HPP BRE HOLDINGS V HOLDCO B LLC, By: /s/ Michael Lascher, Name: Michael Lascher, Title: Managing Director	01/05/2016
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.