Dispositions

12 Months Ended

Dec. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

Dispositions

Dispositions

Operating Property Dispositions

We did not dispose of any operating properties during the year ended December 31, 2023. The following table summarizes the operating properties sold during the years ended December 31, 2022 and 2021:

Location	Month of Disposition	Number of Buildings	Rentable Square Feet (unaudited)	Sales Price (in millions) (1)
2022 Dispositions
3130 Wilshire Boulevard, Santa Monica, CA	August	1	96,085	$	48.0
Total 2022 Dispositions		1	96,085	$	48.0
2021 Dispositions
1800 Owens Street, San Francisco, CA (The Exchange on 16th)	March	1	750,370	$	1,081.5
13280 & 13290 Evening Creek Drive South, San Diego, CA	December	2	102,376	37.0
Total 2021 Dispositions		3	852,746	$	1,118.5

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(1)Represents gross sales price before broker commissions, closing costs, and purchase price credits.

The total gains on the sales of the operating properties sold during the years ended December 31, 2022 and 2021 were $17.3 million and $463.1 million, respectively.