Multifamily Growth
Multifamily same-store cash NOI increased almost 7% compared to the prior year, showing strong demand in the residential sector.
Debt Refinancing
Refinanced almost $1.2 billion of debt at very competitive rates, extending maturities and reducing interest expenses.
New Development Opportunities
Recent changes in state municipal law allow for more multifamily units, including a new 500-unit residential tower at Wilshire and Barrington in Brentwood.
Office Leasing Activity
215 office leases covering 840,000 square feet were signed, with strong tenant retention above the 70% long-term average.