Equity Commonwealth Price & Performance (EQC)

The gross sale price was $132,500,000 and the net purchase price was approximately 124,400,000.0 after credits primarily for contractual lease costs. With this sale completed, we have successfully executed on the sale of all of the company's real estate assets. Since taking responsibility for EQC, in 2014, we have sold over $7,900,000,000 in assets disposing of 168 properties and three land parcels totaling 45,800,000 square feet for an aggregate gross sales price of $7,200,000,000 as well as $704,800,000 of common shares of select income REIT In addition, we have retired $3,400,000,000 of debt and preferred shares, repurchased $652,000,000 of our common shares, and paid $3,800,000,000 in distributions to our common shareholders. We also would like to update you on what we've accomplished since our last call in late October. At our November 12 special shareholder meeting, our shareholders approved the plan In December, we paid the liquidation preference and retired the Series D preferred shares for $123,300,000 Also in December, we paid our common shareholders an initial liquidating distribution of $19 per share And finally, we sold our four remaining properties, 1250 Eighth Street in Washington, D. C, 206 East Ninth Street and Bridge Point Square in Austin, Texas and 1225 Seventeenth Street, in Denver, Colorado.

As a result of our plan of sale, we have adopted liquidation basis of accounting for our twenty twenty four ten ks in accordance with GAAP Under this accounting method, assets are recognized at the amount [indiscernible] including wind down costs, are accrued in full as of 12/31/2024. Future quarters financials will outline changes to the estimates in a statement of changes in net assets. As of December 31, our net assets and liquidation are approximately $179,000,000 which are estimated based on projected expenses to be incurred during the period required to complete the plan of sale. As a result, we are updating the estimated aggregate shareholder liquidating distribution range from $20 to $21 per common share December Looking ahead, we anticipate making our final distribution in mid April.

Given the execution on the sale of all of our assets, and the reasonable certainty of our remaining liabilities, and we do not anticipate any future distributions from the liquidating trust. We expect that the company's common shares will be delisted Following that payment, we plan to move forward and transfer the remaining assets in liabilities to a Maryland liquidating trust.

And the common shares will be converted into beneficial interest units in the trust on a one for one basis. Concurrently with the transfer, we expect that the company will be deregistered with the SEC. We expect to qualify as a REIT in 2025 until the transfer to the liquidating trust. We've been focused on executing the wind down process prudently and efficiently. We are proud of the progress to date, particularly with the sales of the four remaining assets over the last few months.

We appreciate the support we've received from our shareholders and want to acknowledge the continued hard work and dedication of the EQC team. With that, David, David and I are happy to take your questions.

At this There are no questions at this time. At this point, I'd like to turn the call back over management for closing comments.

Thanks again for joining us. This concludes today's conference. You may disconnect your lines at this time and we thank you for your participation.