Camille Bonnel

Jing Xian Tan, on behalf of Camille Bonnel at Bank of America, asked if the 770 Broadway deal was in the prior quarter's pipeline, inquired about leasing activity from large office users, and asked for the latest outlook on taxable income and distributions.

Answer

Executive Glen Weiss confirmed the 770 Broadway transaction was included in the pipeline figures and noted that activity from 'bread-and-butter' tenants (10k-30k sq. ft.) is increasing. President and CFO Michael Franco stated that the outlook for taxable income and potential distributions remains uncertain and depends on transaction closings later in the year.

Camille Bonnel from Bank of America asked if the 770 Broadway deal was a recent development, sought details on large-user office activity, and inquired about the outlook for taxable income and distributions.

Answer

Glen Weiss, an executive, confirmed the 770 Broadway transaction was included in the previously mentioned pipeline and noted a rise in activity from 'bread-and-butter' tenants (10k-30k sq ft). Michael Franco, President & CFO, stated that the outlook for taxable income and distributions remains uncertain and is contingent on the timing and finalization of various transactions this year.

Asked if the 770 Broadway deal was recent, inquired about activity from large office users, and asked about the outlook for taxable income and distributions following recent dispositions.

Answer

The 770 Broadway deal was included in the previously mentioned pipeline. Leasing activity is strong across the portfolio, with a notable increase in 'bread-and-butter' tenants (10k-30k sq ft). The outlook for taxable income and distributions remains uncertain pending the closing of various transactions.