University of California Regents' Endowment Fund acquired Hpp-Mac Wsp, LLC from The Macerich Company and Hudson Pacific Properties, Inc. for approximately $700 million.
December 26, 2023
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University of California Regents' Endowment Fund acquired Hpp-Mac Wsp, LLC from The Macerich Company (NYSE:MAC) and Hudson Pacific Properties, Inc. (NYSE:HPP) for approximately $700 million on December 27, 2023. In connection with the disposition of the Property, the Company repaid the One Westside construction loan, which loan was secured by the Property, in the amount of $324.6 million. Hudson Pacific used net proceeds from the sale to repay amounts outstanding on its unsecured revolving credit facility.
University of California Regents' Endowment Fund completed the acquisition of Hpp-Mac Wsp, LLC from The Macerich Company (NYSE:MAC) and Hudson Pacific Properties, Inc. (NYSE:HPP) on December 27, 2023.
Hudson Pacific Properties, Inc. is a real estate investment trust serving technology and media tenants. The Company acquires, repositions, develops and operates sustainable office and studio properties in high-barrier-to-entry technology and media epicenters. The Company's segments include office segment and studio segment. The Company's portfolio includes office properties, studio properties, land properties and production services assets. Its studio properties comprise of approximately 48 stages, sound stages and production-supporting office, and other facilities. Its land properties comprise of undeveloped density rights for future office, studio and residential space. The Company's production services assets comprise of vehicles, lighting and grip, production supplies and other equipment and the lease rights to an additional approximately 27 sound stages. It owns real estate in California, the Pacific Northwest, Western Canada and Greater London, United Kingdom.
University of California Regents' Endowment Fund acquired Hpp-Mac Wsp, LLC from The Macerich Company and Hudson Pacific Properties, Inc. for approximately $700 million.
HUDSON PACIFIC PROPERTIES, INC. 
