Kilroy Realty has managed to find stability during the pandemic, despite decelerating market fundamentals. On its third-quarter earnings call, Kilroy reported strong rent collections at 96% portfolio-wide and 98% for office assets only. The firm’s nearly $2 billion development pipeline is also well leased and will continue to generate earnings through 2022.

“We continue to perform well and remained optimistic about the future. Here at KRC, we remain focused on several key areas that position us well to play both defense and offense over the coming months and years,” said John Kilroy, CEO of Kilroy Realty, on the call. “These include; maintaining a strong financial foundation, proactively managing lease expirations and our stabilized portfolio, executing our under construction development projects, positioning our future development for starts, working with governmental agencies to influence policy as much as possible and preparing for a post-COVID future, which includes continuously enhancing the quality of our portfolio from a sustainability and wellness perspective.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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