Significant Leasing Activity Increase
In 2025, executed approximately 140,000 square feet of leases through the end of July, representing an over 55% increase from the prior year period, driven primarily by Los Angeles and Austin properties.
Successful Property Financing and Credit Facility Repayment
Secured property level financing on 7 assets, allowing full repayment and retirement of a recourse credit facility with a balance of approximately $169 million.
Hotel Renovation Completion
Completed renovation of all 500-plus guestrooms at the Sheraton Grand Sacramento, leading to a 15% year-over-year increase in Q1 net operating income.
Increase in Multifamily Occupancy
Multifamily occupancy at the 701 South Hudson property increased from 41% to 68% by the end of the quarter.