As you would expect, we continue to monitor our cash reserves very closely and are careful in how we deploy capital.As highlighted in yesterday’s press release, in 2010 the company disposed of a number of non-core assets outside of Downtown Los Angeles. While those dispositions did not generate proceeds for the company, they resulted in the elimination of approximately $648 million of debt and the elimination of $20 million in repayment guarantees. And subsequent to quarter end, we were successful in disposing of a land parcel in Orange County, which resulted in net proceeds of just under $5 million to the company.
MPG Office Trust CEO Discusses Q4 2010 Results - Earnings Call Transcript
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