At acquisition, Innsbrook was a 994,040 square-foot, 14-building portfolio located in Western Henrico County, VA. Innsbrook was initially acquired on June 7, 2013 in a joint venture with Ladder Capital of New York, NY for $135 million. The portfolio was comprised of suburban office assets – originally constructed by Alan Lingerfelt before and during his tenure at Liberty Property Trust – that were approximately 98% leased at the time of acquisition, with below market in-place rents. At acquisition, Innsbrook had a diverse tenant base and rollover schedule consisting of over 90 companies averaging 10,000 rentable square feet each. The expansion of the portfolio occurred with the $19.85 million acquisition of 195,881 square-feet of office space from Highwoods Properties on August 12, 2014. Subsequent to the initial and expansion portfolio acquisitions, three buildings from the initial acquisition – 200 Westgate Parkway in 2014, 10800 Nuckols Road in 2018 and 3829 Gaskins Road in 2020 – and the entire expansion portfolio were sold for a total of $48.1 million. The December 2022 sale of the remaining 723,103 square-feet across 11 buildings brought the company’s total divestitures across all Innsbrook assets to approximately $190.6 million.