Cashflow GenerationHPP has been exploring multiple avenues of cashflow generation, including debt raises and asset sales, which would alleviate near-term debt maturities through 2026.
Leasing ActivityOffice leasing improved to 630ksf, the highest since 2Q22, and has a pipeline of 2.1msf.
Liquidity ImprovementHPP announced the completion of a commercial mortgage-backed securities financing for a portfolio of six office properties with total gross proceeds of $475 million.