The company continues to invest in premier workplaces, including seven properties under construction/redevelopment, which are expected to total approximately 2.3 million net rentable square feet upon completion. This indicates a focus on long-term growth despite current market headwinds.

The company completed the acquisition of its joint venture partner's 50% economic ownership interest in 901 New York Avenue and acquired 725 12th Street, both located in Washington, DC. These acquisitions demonstrate a strategy of consolidating ownership in core markets.

The company is actively negotiating for the disposition of three land sites and expects to put an operating property into the market for sale in 2025. This indicates a focus on optimizing the portfolio by divesting non-core assets.

The company actively manages lease expirations, with approximately 7.0% of total square feet expiring in 2025. This proactive approach to lease management is crucial for maintaining stable occupancy rates.

The company continues to prioritize sustainability, earning a ninth consecutive 5-star rating in the GRESB assessment. This demonstrates a commitment to ESG principles and responsible corporate citizenship.

The company focuses on increasing cash flow from existing properties through occupancy increases and rental rate optimization. This demonstrates a commitment to maximizing returns from existing assets.

The company's performance is highly dependent on economic conditions in Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. A downturn in these markets could adversely affect demand for office space and rental rates.

Market and economic volatility due to adverse economic and political conditions, health crises, or dislocations in credit markets could have a material adverse effect on the company's results of operations, financial condition, and ability to pay dividends.

The company faces risks associated with security breaches, incidents, and compromises through cyber attacks, cyber intrusions, or otherwise, as well as other significant disruptions of its information technology (IT) networks and related systems.

The company competes in the leasing of premier workplace, retail and residential space with a considerable number of other real estate companies, some of which may have greater marketing and financial resources.

Principal factors of competition in the company's primary business of owning, acquiring and developing premier workplaces are the quality of properties, leasing terms, attractiveness and convenience of location, the quality and breadth of client services and amenities provided, and reputation as an owner and operator of premier workplaces in the relevant market.

As an owner, the company will also face competition for prospective residents from other operators/owners whose properties may be perceived to offer a better location or better amenities or whose rent may be perceived as a better value given the quality, location and amenities that the resident seeks.

The company provides property management services itself, rather than contracting for this service, to maintain awareness of and responsiveness to client needs.

The company reinvests in its properties by adding new services and amenities that are desirable to its clients.

The company believes the select re-development of assets within its portfolio, where through the ability to increase the building size and/or to increase cash flow and generate appropriate returns on incremental investment after consideration of the asset's current and future cash flows, may be desirable.

The company use artificial intelligence and machine learning technology (collectively, "Al") capabilities with the goal of enhancing efficiencies in conducting its business.

The company has implemented and maintain a cybersecurity program that is designed to identify, assess and manage risks from cybersecurity threats and was established by reference to the National Institute of Standards and Technology ("NIST") Cybersecurity Framework.

The company conducts cybersecurity awareness training for employees and primary on-site providers during onboarding, and thereafter, multiple times per year, and conducts regular phishing simulations in an effort to raise awareness of spoofed or manipulated electronic communications and other security threats, as well as annual tabletop simulations.

The company finance and manage high-quality office and life sciences space, as well as selected retail and residential space.

The company enhance its capital structure through its access to a variety of sources of capital and proactively manage its debt expirations.

The company take on complex, technically challenging development projects, leveraging the skills of its management team to successfully develop, acquire or reposition properties that other organizations may not have the capacity or resources to pursue.

The company are committed to maximizing long-term value for its shareholders through, among other strategies, actively working to promote its growth and operations sustainably and responsibly across its six dynamic gateway markets.

The company has publicly adopted energy, water, building certification, waste and GHG emissions goals, including a commitment to achieving carbon-neutral operations (for direct and indirect Scope 1 and Scope 2 GHG emissions) by 2025 from its occupied and actively managed buildings where it has operational control.

The company has aligned its disclosures for sustainability information with the Real Estate Sustainability Accounting Standard issued by SASB in 2018.

The company's performance depends upon the economic conditions, particularly the supply and demand characteristics, of its markets-Boston, Los Angeles, New York, San Francisco, Seattle and Washington, DC.

A significant economic downturn over a period of time could result in an event or change in circumstances that results in an impairment of a long-lived asset or an "other than temporary" impairment in the value of our investments in unconsolidated joint ventures.

The company competes in the leasing of premier workplace, retail and residential space with a considerable number of other real estate companies, some of which may have greater marketing and financial resources than are available to us.