REAL ESTATE (Tables)

6 Months Ended

Jun. 30, 2015

The following table summarizes the Company’s investments in real estate as of June 30, 2015 (in thousands):



Property	Date Acquired	City	State	Property Type	Total Real Estate at Cost		Accumulated Depreciation and Amortization			Total Real Estate, Net
Domain Gateway	09/29/2011	Austin	TX	Office	$	47,373	$	(8,158	)	$	39,215
Town Center	03/27/2012	Plano	TX	Office	117,657		(17,290		)	100,367
McEwen Building	04/30/2012	Franklin	TN	Office	40,275		(6,480		)	33,795
Gateway Tech Center	05/09/2012	Salt Lake City	UT	Office	29,050		(3,604		)	25,446
Tower on Lake Carolyn	12/21/2012	Irving	TX	Office	49,893		(7,658		)	42,235
RBC Plaza	01/31/2013	Minneapolis	MN	Office	146,700		(14,745		)	131,955
One Washingtonian Center	06/19/2013	Gaithersburg	MD	Office	90,974		(8,428		)	82,546
Preston Commons	06/19/2013	Dallas	TX	Office	116,323		(10,750		)	105,573
Sterling Plaza	06/19/2013	Dallas	TX	Office	79,403		(8,129		)	71,274
201 Spear Street	12/03/2013	San Francisco	CA	Office	133,938		(6,510		)	127,428
500 West Madison	12/16/2013	Chicago	IL	Office	434,735		(33,087		)	401,648
222 Main	02/27/2014	Salt Lake City	UT	Office	164,885		(8,598		)	156,287
Anchor Centre	05/22/2014	Phoenix	AZ	Office	91,378		(4,595		)	86,783
171 17th Street	08/25/2014	Atlanta	GA	Office	132,031		(6,830		)	125,201
Rocklin Corporate Center	11/06/2014	Rocklin	CA	Office	32,917		(1,709		)	31,208
Reston Square	12/03/2014	Reston	VA	Office	45,613		(1,252		)	44,361
Ten Almaden	12/05/2014	San Jose	CA	Office	116,952		(2,935		)	114,017
Towers at Emeryville	12/23/2014	Emeryville	CA	Office	250,380		(6,608		)	243,772
101 South Hanley	12/24/2014	St. Louis	MO	Office	63,828		(2,046		)	61,782
3003 Washington Boulevard	12/30/2014	Arlington	VA	Office	150,256		(2,355		)	147,901
Village Center Station	05/20/2015	Greenwood Village	CO	Office	78,014		(451		)	77,563
Park Place Village	06/18/2015	Leawood	KS	Office/Retail	128,084		(264		)	127,820
201 17th Street	06/23/2015	Atlanta	GA	Office	93,635		(165		)	93,470
					$	2,634,294	$	(162,647	)	$	2,471,647

Schedule of Future Minimum Rental Income for Company's Properties

As of June 30, 2015, the future minimum rental income from the Company’s properties under its non-cancelable operating leases was as follows (in thousands):



July 1, 2015 through December 31, 2015	$	109,833
2016	221,069
2017	207,046
2018	187,413
2019	162,044
Thereafter	545,773
	$	1,433,178

Schedules of Concentration of Risk, by Risk Factor

As of June 30, 2015, the following property represented more than 10% of the Company’s total assets:



Property	Location	Rentable Square Feet	Total Real Estate, Net (in thousands)		Percentage of Total Assets		Annualized Base Rent (in thousands) ⁽¹⁾		Average Annualized Base Rent per sq. ft.		Occupancy
500 West Madison	Chicago, IL	1,457,724	$	401,648	14.6	%	$	34,525	$	25.05	94.6	%

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⁽¹⁾Annualized base rent represents annualized contractual base rental income as of June 30, 2015, adjusted to straight-line any contractual tenant concessions (including free rent), rent increases and rent decreases from the lease’s inception through the balance of the lease term.

As of June 30, 2015, the Company’s real estate properties were leased to approximately 700 tenants over a diverse range of industries and geographic areas. The Company’s highest tenant industry concentration (greater than 10% of annualized base rent) was as follows:



Industry	Number of Tenants	Annualized Base Rent ⁽¹⁾ (in thousands)		Percentage of Annualized Base Rent
Finance	130	$	49,522	21.2	%

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⁽¹⁾ Annualized base rent represents annualized contractual base rental income as of June 30, 2015, adjusted to straight-line any contractual tenant concessions (including free rent), rent increases and rent decreases from the lease’s inception through the balance of the lease term.