The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Michael Albert Carroll - RBC Capital Markets, Research Division - Analyst
: I know a couple of times in your prepared remarks, and I think in the prior question, you kind of talked about some of the renovations at a handful
of your projects. I mean, how should we think about these renovations? Are this really just kind of prebuilding out those spaces making it more
attractive and easier for potential tenants to move in? Or is it more meaningful than that across the board?
Question: Michael Albert Carroll - RBC Capital Markets, Research Division - Analyst
: And then how big is these investments over the next, I guess, quarter or this year? I mean, is it a substantial investment that you're putting in your
portfolio? Is there a way to kind of quantify that?
Question: Michael Albert Carroll - RBC Capital Markets, Research Division - Analyst
: Great. And then how are those -- I guess, what's the time line on those? How many of the spec suites have you already built out? I know there has
been several at Park Tower, I believe you're kind of building out. Have you seen an uptick of activity at those sites that you've already completed?
Question: Michael Albert Carroll - RBC Capital Markets, Research Division - Analyst
: Okay. Great. And then just last one for me, on the -- the remaining 2022 lease expirations, I know that you kind of -- Tony, you kind of highlighted
some of the expected move-outs. But can you kind of quantify the smaller tenants in there? I mean, how much do they typically represent? And
how are those discussions going? And I believe last time you were saying that they're going well, but you expect some of them to downsize. I mean,
how should we think about that?
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