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
: Jamie, in your prepared remarks, you kind of highlighted that in this current office environment that you're expecting an elevated level of downsizing
and vacates. I mean can you provide some color on what you're seeing? And is that kind of going to be reflected in your guidance in your 2022
expiration schedule?
Question: Michael Albert Carroll - RBC Capital Markets, Research Division - Analyst
: Okay. Are tenants, when their leases come due, I mean, are they looking more active of trying to reinvest in their space, like change their footprint
around? Or are they asking for more TIs? Or is it too early to tell?
Question: Michael Albert Carroll - RBC Capital Markets, Research Division - Analyst
: Okay. And then just going back to your investment strategy that you're kind of highlighting earlier. So should we assume that if you do a new
acquisition, that's going to be funded through capital recycling, is that kind of a good way to think about it?
Question: Michael Albert Carroll - RBC Capital Markets, Research Division - Analyst
: And is there any unique within potential capital recycling within land parcels or a higher, better use within the portfolio, kind of like the life science
deals or anything like that still in the portfolio?
Question: Michael Albert Carroll - RBC Capital Markets, Research Division - Analyst
: Okay. Great. And then just last one for me. I guess, Tony, can you talk a little bit about the G&A increase? I believe you've kind of mentioned this in
your prepared remarks, but what's the reasoning for such the large uptick that we're expecting in 2022?
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