In February 2026, the Company acquired 300 South Tryon in Uptown Charlotte. The assets acquired and liabilities assumed were recorded at relative fair value as determined by management, with the assistance of third party specialists, based on information available at the acquisition date and on current assumptions of future operations. The following table summarizes the acquisition ($ in thousands):


	300 South Tryon
Closing Purchase Price	$	317,500
Acquisition Date	February 2026
Square Feet	638,000
Market	Charlotte
Purchase Price Allocation
Tangible assets
Operating properties	$	306,470








Intangible and other assets

In-place leases (1)	26,467


Prepaid expenses	171
Above market rents	125
	26,763




Intangible and other liabilities
Below market leases (1)	(14,505)

Accounts payable and other liabilities	(1,467)

	(15,972)

Total net assets acquired (2)	$	317,261

(2) Represents net purchase price, including acquisition costs of $1.1 million, as well as net operating liabilities acquired through closing prorations of $1.5 million.

The major classes of assets and liabilities of properties held for sale as of March 31, 2026 (303 Tremont land parcel) and December 31, 2025 (303 Tremont land parcel and Harborview Plaza) were as follows ($ in thousands):


Real estate assets and other assets held for sale	2026		2025
Operating properties, net of accumulated depreciation of $15,341	$	—	$	35,682
Land	18,854		18,854
Notes and accounts receivable	—		272
Deferred rents receivable	—		2,082
Intangible assets, net of accumulated amortization of $682	—		138
Other assets	4,383		4,461
	$	23,237	$	61,489
Liabilities of real estate assets held for sale
Accounts payable and accrued expenses	$	39	$	1,769
Deferred income	—		266
Intangible liabilities, net of accumulated amortization of $140	—		49
Other liabilities	—		765
	$	39	$	2,849

In accordance with the Company's policy on impairment described in note 2 of the consolidated financial statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, the Company reviews its real estate assets on an asset group basis for impairment and if circumstances indicate an asset group's carrying value may not be recoverable, records an impairment. This review includes the Company's operating properties, properties under development, and land holdings and is done with the consideration of if the asset group is determined to be held-for-investment or held-for-sale.

In March 2026, the Company entered into an agreement to sell One Eleven Congress and therefore determined there was a more likely than not probability that there has been a significant decrease in the estimated hold period of the related asset group. Because the carrying value of the asset group exceeded the undiscounted cash flows over the updated expected hold period, the property was written down to its estimated fair value, resulting in an impairment of $36.6 million. The estimated fair value was based on the third-party offer to purchase (a level 2 input under authoritative guidance for fair value measurements). As of March 31, 2026, the asset group is classified as held-for-investment and included in operating properties on the Company's accompanying consolidated balance sheets.