you Thank today. This time is joining Matt. all Thanks us exciting for Columbia. an important for and
dramatic the portfolio. our essentially of we’ve transformation promised, completed As
the markets now few concentrated office the in country. are We in select a best of
three in of the leases value in few the also has our properties selected ourselves team years, short, longer Our for very team over many against also the two just this the board very platform methodically We’ve no-core promised larger strong and niche market. office and not of a for we effected we in across years ago. heavy the that we In have and the and exited We’ve maintained competed on teams excitedly attracted much up in country, successful best sheet high markets issue properties venture few the have without proven, been well equity last carved maximizing major our extending local transformation best quality shareholders throughout along our of the out and transformation portfolio. renewing ways, in world. assets. delivered. value concentration expect creative delivered to on and portfolio having should our ground, of and a a add joint results big with partners leasing With disciplined in respected and in we acquired peers established only investors a the and balance as have the We’ve but
accomplished. describe expecting income later operating this already dramatic from and call, in the XXXX resulting leasing Jim in As we’ve funds growth net we operation, from will are
and very will in pleased precocious results to today, acquisitions board will ask delivered. our been measured also are question Our These XXXX recent for thoughtful throughout those capital. connection that address There ourselves contribute and every we will metric and obvious We’ve team beyond. are be with deploying some same make and substantially questions allocation we decision our the investors and with them. in the capital we’ve
leased. results, stands with our over leasing. look just at starting those a take Today XX% Let’s at portfolio
XXX,XXX leaving slightly revenue with feet in rents. Palo portfolio us an a next a across over During basis feet during was expiring quarter lease This XX% found on cash Circle the Alto, with or based our rates X% quarter year. we XXX,XXX in the GAAP for lease annual rollup square cash feet XXX% on signed based with with The DLA rental XX% a increase Piper lease increase rents. largest square only XXX,XXX of of and scheduled expiration on University was leases over largest XXXX, at our square for a renewal rents the
Speaking lease with down cash for extended in rent GAAP with amendment lease extension of XX rent the bankruptcy and foot a success, just approved roll campus. $X, our to week Pittsburgh unchanged. basis just We Suburban years but their last the remains entire current Westinghouse court essentially of leasing XXX,XXX square under basis
decisions turn activity. next our and Lets to capital allocation transaction
flexible well Over we a asset the communicated committed with sales. is: add and CBD value Since cycle leased element line capital real-estate portfolio have multi fuel a years targeting last the we we tenant a gateway sheet the we’ve to markets permits. five the diligently focus, as consistently a to concentration, with recycled growth as methodically significant XXXX fewer the That remained began in with balance while conservative transformed in strategy. non-core a transition portfolio from
period property investors. billion executed time scale $X.X with through XX real-estate for and most and expanded $X.X XX joint acquisitions We’ve this sales During billion. and reach world’s ventures Blackstone, two we for of recordable our market also Allianz
key established quarter, team to completing with in concentration which has we’ve Washington our in new month this with our brings which also Street been at July, After markets. made venture we assets has this M great year. Allianz, venture. early acquired we strides our four DC key capable Earlier discussed markets as in joint last us XXXX productive two length in of and XXXX build energized joint further another very across Finally, success. Allianz the enabled in
million of of average is our value property. add Golden leased to this share trophy in XXXX of the DC, M M the key managing we responsible complement properties XX% Street be represents target with coveted market. XX weighted remaining a oriented an stabilized Square. This in adds in located this DC substantial scale At market, for Triangle Street more and and XX% term investment Our and nine will years perfect asset the of $XXX Market a
seventh West Twitter the Street leasing office Street in properties rental substantial and excited sixth also Chelsea in West us latest market. XXX XXth This from leased are rates. Red because known the York acquisitions New York $XXX seeing fully and acquired solidifies We and as our Manhattan. for we two where submarket Midtown XXX-XXX We further REIT about volume million. South Bull New better in in buildings Buildings the strength and respectively are and XXth
We have border among in a desirable tenant in for thriving sector Huston transactions earlier unique we of Essentially and TAMI space top-line particularly these capital with the base. quickly the our Cleveland and this properties sales become the year. recycled from
strategy day, capabilities term We take with that consistent and swap the growth long will focused of matched our our any with team. liquidity, and better
substantially larger, well acquisitions we opportunities grow further recently both time. are term, leased While with these properties of in these established questions. naturally to can New is holdings City over our markets expansion properties generate the York These these expirations we and believe some with provide value much the and how particular in NOI near peers. Chief acquired longer in few compete create among
to what York think we in already. best at is accomplished I the point have New answer
we’ve years over two feet at past rates about increase the a average Over GAAP leased square basis. a XX% rental XXX,XXX on in
all that South the that XXXX feet only East Street of that remaining in Today in leased was as was properties and expire. are own New Manhattan had recently it square on of with at Avenue about property space. serious XXX,XXX XXst XXX activity one York we Park vacancy seven and XXX XX% As we tenant Greater collectively we scheduled have sole only to over market
attractive, in focus Our smaller [full] strategy to on South. Midtown buildings located, played well has office primarily been
we with well The for and indicate, focused be results focus. our San Washington Francisco approaches this same in As quite said compete this our can in submarket DC.
only one we’ve construction portfolio the in leases quarters, XX% our Furthermore with we will liquid, the created our over next over the of the our XX% success, little created very are an assets with recent leasing most realized in and high sector. country over quality XX% are entry have With invest cash markets the Not growth years. opportunities normalized concentrated high within REIT next buried flow high quality anticipated our XXXX. of in the be most few growth, role compelling the we in but office in FFO leased substantial to which few
cycle use have are a stock. amount. quarter year-to-date. new current $XX in versus capital. million million questioned back agree a we at about We that of making repurchasing this acquired this acquisitions price at We substantial our and is We $XX the often purchased compelling shares And time buying the
balancing of in are execution strategy shareholders. order our that for results opportunity our with the term to We deliver long
markets it maintain important Keep since in capital the believe and equity to the ability listing to have to through also is additional our enhance company. public our in scale we not raised build We mind markets. compete that
joint venture relatively have merely cap San Cleveland, favorable assets markets suburban recycle in in locations and of Francisco rates. of Huston, we two been exited attracted portfolio. have assets We strong but favorable demand only like numerous pricing that capital sold we the recently to also pricing, Not and taking our Chicago interest advantage at
assets with our diligent On the had we focused consistent side, select and strategy. acquisition in been methodical acquiring
also are mindful We cycle decisions. make stages and as market very conditions capital allocation we of
For subsequent our substantial which leasing contain execution. XXXX leasing example, with acquisitions opportunities, our vacancy near off in and paid XXXX term roll-up
and long XX% recent pleased and DC. more our exposure. substantial in New very are Washington chosen San they today our assets We position upside our In While are now very acquisitions we markets. portfolio have York, term, our have leased with the little with summary, in term our gross within of competitive well near Francisco
and strong FFO expectations portfolio for We over the growth years. are next over income same XX% store the leased operating very two new across with
and flow virtually We are our it expectations now all have very you. I’ll over of that the hand clear. to components of growth cash eliminated Jim, speculative story With
