Sale of The Campus at Playa Vista, Los Angeles

Deal value: $410 Million

Acquisition of a 650,000 SF creative office campus in Playa Vista, Los Angeles, targeting tech and media tenants in a high-growth submarket.

The core investment motivation is to acquire a high-quality, large-scale creative office campus in Playa Vista, a submarket known as 'Silicon Beach' that continues to attract tech and media tenants seeking premium space and amenities. The strategic purpose is to capitalize on the ongoing demand from well-capitalized tech firms for Class A office environments, even as broader office markets face elevated vacancies. The timing reflects a belief that trophy assets in prime locations will outperform, especially as tenants upgrade to quality and seek flexible, amenity-rich environments.