Summary
Kilroy Realty Corporation (NYSE: KRC, the ?company?, ?KRC?) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design. As pioneers and innovators in the creation of a more sustainable real estate industry, the company's approach to modern business environments helps drive creativity, productivity and employee retention for some of the world's leading technology, entertainment, life science and business services companies. KRC is a publicly traded real estate investment trust (?REIT?) and member of the S&P MidCap 400 Index with more than seven decades of experience developing, acquiring and managing office and mixed-use projects. As of September 30, 2020, KRC's stabilized portfolio totaled approximately 14.3 million square feet of primarily office and life science space that was 92.2% occupied and 95.5% leased. The company also had 808 residential units in Hollywood and San Diego, which had a quarterly average occupancy of 85.0% and 37.5%, respectively. In addition, KRC had seven in-process development projects with an estimated total investment of $1.9 billion, totaling approximately 2.3 million square feet of office and life science space. The office and life science space was 90% leased.
History
Kilroy Realty Corporation was founded in 1941 as Kilroy Industries and has been operating as a real estate investment trust (REIT) since 1991. The company has grown substantially over the years, acquiring multiple properties in the western U.S., becoming the largest REIT in California and the fourth largest REIT in the nation.
Mission
Our mission is to create lasting value by leveraging the power of real estate to make things happen. We strive to be the real estate partner of choice for customers, communities and investors, delivering superior returns and creating neighborhoods where people love to live, work and play.
Vision
Kilroy Realty has a vision to be a leading real estate investor and developer, with a focus on creating bright and beautiful places that inspire people to live and work. We believe that through thoughtful development, we can make a positive impact on our communities and improve the quality of life for our employees, partners, and investors.
Key Team
Mr. Justin William Smart (Pres of Devel. & Construction Services)
Mr. Eliott Trencher (Exec. VP, Chief Investment Officer, Interim CFO & Treasurer)
Ms. Merryl Elizabeth Werber (Sr. VP, Controller & Chief Accounting Officer)
Ms. Heidi Rena Roth (Exec. VP, Chief Admin. Officer & Assistant Sec.)
Mr. William E. Hutcheson (Sr. VP of Investor Relations & Capital Markets)
Mr. Mike Grisso (Sr. VP of Devel. & Land Planning)
Mr. Nelson Ackerly (Sr. VP of San Diego Region)
Recognition and Awards
Kilroy Realty has been the recipient of several awards including the ENERGY STAR® Award from the U.S. Environmental Protection Agency and has been recognized as one of the “Top 10 Office Owner/Managers” in Los Angeles by the Los Angeles Business Journal.
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