Could that be a longer leasing time frame now? But we're going to do well and there are other tenants in the market. The strong same-store is due to free rent burn off at Phase 1 of KOP in South San Francisco and higher parking income. And any characteristics you could share as far as your preference for a successor? In the Bay Area, we leased a 50,000 square foot new lease with Reddit and a 65,000 square-foot renewable renew with 23 in May. So these four properties will all go in at the beginning of 2024. Kilroy Realty was founded by the senior John Kilroy in 1947, and the younger Kilroy has been involved in all aspects of commercial real estate acquisition, entitlement, development, construction, leasing, financing and dispositions since 1967. Thank you. John has made over 13 trades of the Kilroy Realty stock since 2003, according to the Form 4 filled with the SEC. Well, this is John. Please proceed. Today its one of the major landlords on the West Coast, with assets in markets from Seattle to San Diego. Mr. Kilroy owns over 6,006 units of Kilroy Realty stock worth over $278,640 and over the last 20 years he sold KRC stock worth over $2,461,939. There's slight to call, this is John, [indiscernible] is still alive and well in Austin as well. Undisclosed. Elliot will go through the quarter in more detail when he gets to his remarks. Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. In January, the company sold a Downtown apartment building in L.A. for $220 million and continued construction of a new 200-unit apartment building in Hollywood that will include 4,700 square feet of ground floor retail space, a gym, swimming pool and roof deck. I don't -- we never really anticipated that we would lease all 3 buildings to one single user. That's helpful. So a lot of this stuff is going to be noisy. Hi, guys. As president, CEO and chair of Kilroy Realty Corporation, John Kilroy Jr. took home $11.43 million in 2017, according to the most recent SEC filings available. However, last year was a tough one for Realogy, as it was for many industry players, with fourth-quarter revenue at the company down $90 million from the year prior. CBRE had global revenue of $21.3 billion in 2018, making it one of the worlds largest commercial real estate services and investment firms. Most recently he exercised 6,006 units of KRC stock worth $235,015 on 2 May 2020. Has you consider asset sales just to raise some more liquidity as maybe the NOI gets delayed there? And now the realm of options or possibilities that they can innovate has grown exponentially that allows for a greater multiplier effect. This is John speaking. Well, I don't know if specifically, it will help, Kilroy, in any instance I can tell you. It's - I'm going to do what is in the best interest of Kilroy. So I think we're really well positioned. Kilroy Excluding this nonrecurring revenue, same-store NOI would have been up about 9%. Okay. He adopted the young boy and gave him the first I've dedicated my career to Kilroy, and I'm pleased to be able to retire with the company having the best portfolio amongst our peers, an impressive capital allocation track record, a solid balance sheet and very importantly, a deep and talented team. And as things sort of sort themselves out, we think that there'll be a much better functioning debt market, which will help the buyer market. John B. Kilroy, Jr.'s largest purchase order was 300,000 units , worth over Zooming out to our platform and current mentality, we at Kilroy have built a company that is positioned for both offense and defense. This amount was supplemented by $69.1 million in compensation, likely for investment gains. Specifically to, does it change our stabilization dates, just to remind everybody, that there's three buildings, they sort of stagger a little bit. The next question comes from Tayo Okusanya of Credit Suisse. Thanks. We'll probably get a few inquiries occasionally. Jeffrey Hawken KRC stock SEC Form 4 insiders trading Kilroy Yes. He is a past trustee of the El Segundo Employers Association, Viewpoint School, Jefferson Center for Character Education and the National Fitness Foundation.
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