before of call. that taken is of can challenges hello conference I and are professional load the that many appreciate Tyler everyone. a five Thanks washing you say machine I've time We lot dialing Thank honestly first for This minutes the personal out today. a juggling you now. right and the of in
men researchers, truckers play. and ones We're society here elements that women medical this healthy professionals, All stay and to of critical so hope safe all company the helping our who grocers, want we that the rest, and of to children servicing are are grateful most and us your acknowledge everybody, us the loved you and importantly, during are the at time. well
have tenants and our daily KRC, down with business ago. began at the in weeks shutting our we non-essential communication six Here been activity construction since Coast roughly West team, employees, our
largely to everyone, adjusted engineers Directors home has is good team, ensure our corporate the support to working that Board protocols to decisions. from they operating make its Our getting our guidance and need from of
All operating property CDC with of touch following are disinfecting. managers open daily and and mitigation, frequent properties point virus and all for our staffed and onsite including high are security recommendations cleaning
and me where let operationally. start, we review financially stand To
know top our of those you markets a that who For strong and business closely, company credit from tenants. core assets quality financial that principles emphasize strength, follow you of and we set operate
a position. built crisis came moat this into around a basically have this company We strong in and
of expirations, a and liquidity, sources debt multiple significant tenant We portfolio, limited no have access well-capitalized a near-term almost young capital, debt maturities, to secured no base.
Let me more this in review detail.
is sheet balance Our solid.
the recent $X draw-down from the $X.X have placement from our sales billion addition This assets. million cash liquid with of the $XXX equity of and $XXX debt. forward all billion includes in We of mid-March immediately million private
debt million credit facility. $XXX capacity in have also We available under our
of Further until maturities credit in strength, debt our have facility, adding our excluding third which the don't to sheet we XXXX, any quarter matures balance XXXX.
March. Our leased XX% into stabilized the in remained portfolio at was at heading and shape crisis this excellent of end
non-office in next lease and said seeing average I'll that, X% annually or the our term only years. which a years stress leases streams, our primarily three is some discuss we Having approximately seven have in revenue We are of rolling moment.
improvement spend companies, de-risked million of component now the phase, to and with funded. is Our projects technology, that leased of fully the in remaining liquidity have is been and lifescience discussed the construction approximately as large projects construction, effectively have above. $XXX total media $X lifescience XX% the these The projects funded including a projects of under fully billion and tenant three office
all are and submarkets construction. properties and Angeles located under The in the remain of Francisco, San South Diego San Seattle, Los
focused large to are advantage. innovation be relationship Our proving customers an with stable
approximately XX forma investment our pro top rated. Our annual publicly part, have X%. the escalators leases average term are These tenants XX with annual of average for account They traded XX% longer for of most and of rent revenues. grade an than years,
life easier, top Netflix. even DoorDash, tenants in Apple, are including Amazon stay a of business home our bit making the of Some at and little
the including business in are our components we co-working, financially immediate company, largely of parking shape in non-office our solid residential. transient operationally. is retail, and impact to While The most and
them of stay others. is material, than with by us from none the may longer that impact themselves While some
to exposure of retail revenues One our a is and Our properties, of most X% San of in that notably in handful approximately is concentrated Diego. Paseo most
and approximately As with of provides of relief program of now, we a have gets them term. extended to on tenants, months added XX% established an rent our with two retail that
co-working our quality approximately is Our with will high remarks. this further in Tyler in component very his in it exposure one of most discuss revenues, of Hollywood. X.X% property
X% to but We stay up estimate event are as this We will while impacted term transient stream, in that back home work. our that also be place, parking back will revenue have come which at parking, includes ramp short the and makes of up approximately people daily, revenues. orders
Lastly, which revenues. our leasing in up residential of portfolio, makes approximately X% has quieted our activity
crisis Before hit, was occupied. the XX% Square Columbia
one just second for leased, phase, phase XX% over after already reached was the opening. leased XX% sale few and weeks a first The
stay the be to orders but We have tour program of the move-ins pace slow. we made leasing a and success, expect implemented leasing virtual home and lifted, are and we have at some until
progress we're we throughout making components, are the Notwithstanding in the non-office still stress leasing some seeing portfolio. our
Angeles in signed with Los and in company. life including Just in in major we negotiations weeks, approximately with the lease last total lease third, XXX,XXX square Seattle a Diego, technology are company in a a are gaming that feet, closing and have we two a two the science San leases for on company advanced
unprecedented And always have is challenges one through, where working it endeavored the clarity, those to a to give can. we provide roadmap we not the for are today while of difficult to this XX we times is next X Given months.
However, here focused, which areas are through laser move we will this be crisis. we as in four key may
approach with will to sheet management. continue we our First, conservative balance
are range effort focused on dispositions, $XXX We the credit of includes million to on our maintaining to the diversified complete and strong last had access with capital. continuing call. $XXX was million communicated low which guidance we leverage a profile, This to
are Before the we making good crisis on began, dispositions. the two of progress
take will are buyers and environment wait current lenders to unable have appraise see approach. a and the to unable given where However, tour, to we'll
highly $X development. of our are completing on under we Second, focused construction billion
several We are secured tenant and are construction in now a fortunate position of the phase having in in improvement largely projects. materials
to as close stay and the possible. continue will to to construction close across are various ordinances jurisdictions, as the ensure our on-time We to ahead safely moving projects
one in with teams Third, re-trading and seen to efforts renewals up leasing vacant the and across tenants existing and growth. significant we portion are a are expiration new those unwavering lifescience property, lease to office the are square only hold, lease while odd our previously discussions that as we our terms expansions, a their we see And at foot credit lease continue sectors see space, we material transactions in of a to XXX,XXX that's continued and expiring where have of we tours year, not feet expect over some for this economic progress to Long space to XXX,XXX tenant. square on tenant reported, Beach have
looking Fourth, we ahead. are
be discussions accommodate in real patterns this on that sectors point at it protocols our modern are companies flight customers, a They life science buildings unpredictable can there quality. demand have estate that changing with will will for are clear implementing. sustainable, the that are and to office and While our systems focus is
many the and space. As were over years, on have you've been the recently, leaders buildings. focusing sustainability began functionality seen fit first in well we of well to We one most and we of embrace
All differentiates best future. taking lead peers our from for in this, the of we practices we of creating now think us the are and many
brought We a have on already board. hygienist
people and We are building they touch. a how rethinking what enter
levels. elevator to manage how evaluating are occupancy We
We guidelines. systems lot of are and this to on policies emphasize and come. personal to improve working space and filtration A are procedures that more adhere distancing social studying ways we new to
I to done the changing a make job that rapidly point employees responding want have in our wrap to phenomenal up, circumstances. To
that stand at through a today where believe are We people One they have effectively of witness the on organization and they KRC. to few adapted have is one pleasures move tenants, well focus of well a another. this positioned crisis the fly how and for company has our that to level our prepared shown our me, and our and and the this our been we crisis picture ahead. concern business That's partners of for commitment of
the and remarks over my completes That Tyler. I'll turn to call Tyler?
