Real Estate (Tables)

12 Months Ended

Dec. 31, 2022

Real Estate [Abstract]

Schedule of Asset acquisition

The following table summarizes these transactions and the resulting purchase price allocations ($ in thousands):

	300 Colorado (1)		Heights Union		725 Ponce
Gross Purchase Price	$	162,500	$	144,800	$	300,200
Acquisition Date	December 2021		October 2021		July 2021
Square Feet	369,000		294,000		372,000
Market	Austin		Tampa		Atlanta
Purchase Price Allocation
Tangible assets
Operating properties	$	297,259	$	133,489	$	292,946
	297,259		133,489		292,946
Intangible assets
In-place leases	13,974		5,894		12,788
Below market ground lease	840		—		—
Above market leases	21		1,322		1,770
	14,835		7,216		14,558
Intangible liabilities
Below market leases	(10,369)		(2,501)		(6,739)
	(10,369)		(2,501)		(6,739)
Total net assets (2)	$	301,725	$	138,204	$	300,765

(1) Purchase price represents cost of acquiring partners' 50% interest in 300 Colorado Project LP, resulting in consolidation of this previously unconsolidated property (see note 6 for more information on this transaction).

(2) Represents amounts, including acquisition costs, assigned to the net assets consolidated in the balance sheet upon acquisition.

The following table summarizes these transactions ($ in thousands):

	Market	Acres	Gross Purchase Price
887 West Peachtree	Atlanta	0.7	$	10,000
3354/3356 Peachtree	Atlanta	0.2	$	8,000

Schedule of assets and liabilities of properties held for sale

During 2021, the Company sold three office properties. The following table summarizes these transactions ($ in thousands):

Property	Location	Date	Square Feet	Sales Price		Gain on Sale, Net
816 Congress	Austin	December 2021	435,000	$	174,000	$	77,200
One South at the Plaza	Charlotte	July 2021	891,000	$	271,500	$	12,700
Burnett Plaza	Fort Worth	April 2021	1,000,000	$	137,500	$	200