Subsequent Events

6 Months Ended

Jun. 30, 2011

Subsequent Events

Subsequent Events

17. SUBSEQUENT EVENTS

On July 1, 2011, we completed the acquisition of the Lloyd District Portfolio, consisting of approximately 600,000 rentable square feet on more than 16 acres located in the Lloyd District of Portland, Oregon. The purchase price was approximately $92 million, excluding closing costs of approximately $0.1 million, which was paid with proceeds from the initial public offering. The Lloyd District Portfolio is comprised of six office buildings within four contiguous blocks, including (i) a condominium interest in the 20-story Lloyd Tower, (ii) the 16-story Lloyd 700 Building and (iii) four low-rise landmark buildings within Oregon Square. We are in the process of preparing the purchase price allocation for this acquisition.