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Subsequent Events
9 Months Ended
Sep. 30, 2012
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
On October 17, 2012, aggregate dividends, distributions, and dividend equivalents of $26.1 million were paid to common stockholders and common unitholders of record on September 28, 2012 and RSU holders on the payment date.
On October 5, 2012, we completed the acquisition of one office building encompassing approximately 151,029 rentable square feet in Los Angeles, California for a purchase price of approximately $72.9 million. In connection with the acquisition, the Company assumed approximately $40.7 million in mortgage debt with an interest rate of 5.57% per year and a maturity date of February 11, 2016. We are currently in the process of completing the purchase price allocation for this acquisition.
On October 23, 2012, we completed the acquisition of a development opportunity in San Francisco, California for a purchase price of approximately $52.0 million. We intend to develop an office project at this site. We are currently in the process of completing the purchase price allocation for this acquisition.