and X market well activity I our for current disposition you, the and of fourth completed will $XXX on full of sale of morning, our the an for conditions. gross as total John, XXXX In XXXX, provide quarter everyone. perspective FSP year update for properties approximately Thank on proceeds the good as million.
billion our underscores approximately our financial property in Pershing for in reported, million. our current Atlanta inception the in of we gross and in Since XXXX $XX flexibility. began disposition During program that that have completed and approximately late $X.X XXXX, Park increasing FSP our the an on fourth in sheet has reduction resulted quarter sold our corporate previously and of property Plaza strengthening balance focus indebtedness sales as XX%
the rental unique have property foot. square occupancy to per efforts as disposition approximately sale sales such $XXX our location, date and every While reflects averaged tenancy attributes completed levels, rates, and
intrinsic We will increase continue sale price the estate pursuing value to of our continue short select to potential valuation reflect that underlying shareholder term accurately by to intermediate we value the our current properties been not seek real to of when believe the and believe that share assets, we does has reached.
elevated the by such fourth conditions. incremental environment headwinds, secure prospective Turning there Liquidity challenged capital soft our has the within office uncertainty. for to market seeking pricing. The compounded and during emerging constricted was equity market, of Despite This buyers sales with have vacancies debt and anecdotal and signs distressed beyond. primarily been has buyers difficult XXXX markets both has existing demand, bottoming in owners. been 'XX been in to XXXX and remained a optimism and are marketplace may potential progress by quarter been having the that anticipating with in what tenant represented dominated
in such deals markets. liquidity leasing rate our in stabilization, involving strong properties bear be improvements could as and in Factors sentiment to for to potential watching drive conditions locations. occurring still conditions, interest office sales to high-quality, and stronger initiatives employer-led transactions improving dollar-sized nondistressed improving They back bring smaller well-leased are tend conditions the workers where will
we core property evolve. from primarily flexibility far, to who Proceeds pursue our company that as enhancing favor debt, shareholders. any in and are will high-quality for monitoring markets our have maximizes the to used any be positioning core, continue reduce property to further sales path value financial largely absent conditions properties trends value-add traditional where closely been Larger institutional plus and our these buyers thus
our discussed, previously information each sale in best competitive capable included remain found goal committed in for professionals As will is and credible disposition interest reasons, be not of primary And we discussing we to working as to this shareholders. the closing of to achieved maximize identify filings environment, potential our what our value current to is our We beyond in our teams transactions. the engage to buyers and be the have with market stakeholders. on
And Karen? now like time, earnings conference the And to at up call today. open for for listening call our with thank we questions. any this that, we'd to you
