XML 34 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
ACQUISITIONS (Tables) (Office building located in Los Angeles, CA)
9 Months Ended
Sep. 30, 2014
Office building located in Los Angeles, CA
 
Acquisitions  
Schedule of acquisitions

Property

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset
Type

 

Date of
Acquisition

 

Number of
Buildings

 

Rentable
Square Feet

 

Purchase
Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

4750 Wilshire Blvd., Los Angeles, CA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Office

 

April 18, 2014

 

 

 

 

143,000 

 

$

44,936 

 

 

Schedule of the fair value of the assets acquired and liabilities assumed

                                                                                                                                                                                    

 

 

2014
Acquisition

 

 

 

(in thousands)

 

Land

 

$

16,633

 

Land improvements

 

 

348

 

Building and improvements

 

 

27,947

 

Tenant improvements

 

 

691

 

Acquired in-place leases(1)

 

 

1,087

 

Acquired below-market leases(2)

 

 

(1,770

)

 

 

 

 

Net assets acquired

 

$

44,936

 

 

 

 

 

 

 

 

 


(1)

In-place leases have a weighted average amortization period of 5.0 years.

(2)

Below-market leases have a weighted average amortization period of 5.0 years.