▁in ▁mark ets ▁and ▁assets ▁that ▁offer ▁the ▁potential ▁for ▁superior , ▁long - term ▁income ▁growth ▁and ▁that ▁are ▁compet it ively ▁located ▁in ▁mark ets ▁that ▁can ▁provide ▁a ▁favor able ▁rent ▁growth ▁environment . ▁ ▁In ▁ 2 0 1 6 , ▁A RA ▁completed ▁one ▁of ▁the ▁largest ▁transactions ▁of ▁the ▁year ▁in ▁the ▁San ▁Francisco ▁office ▁market ▁with ▁the ▁ac quisition ▁of ▁Found ry ▁Square ▁III , ▁a ▁class ▁A ▁tro phy ▁office ▁asset , ▁reported ly ▁for ▁$ 3 5 0 ▁million . ▁The ▁property ▁consists ▁of ▁a ▁ 1 0 - story , ▁ 2 9 1 , 0 9 3 - square - foot ▁office ▁building ▁that ▁includes ▁ground ▁floor ▁ret ail ▁space , ▁and ▁is ▁a ▁block ▁from ▁the ▁Trans bay ▁Trans it ▁Center . ▁ ▁In ▁June ▁ 2 0 1 7 , ▁the ▁company ▁re located ▁its ▁headquarters ▁to ▁Los ▁Angeles . ▁ ▁Mark ets ▁Target ▁mark ets ▁the ▁company ▁has ▁identified ▁for ▁invest ment ▁include ▁major ▁" inn ov ation ▁hub s " ▁such ▁as ▁NY ▁City , ▁San ▁Francisco , ▁Seattle , ▁Boston , ▁Washington ▁DC ▁and ▁the ▁Los ▁Angeles / O range ▁County ▁Metro ▁area . ▁ ▁Its ▁invest ors ▁include ▁a ▁broad ▁range ▁of ▁public ▁employee ▁ret ire ments ▁systems , ▁T aft - H art ley ▁and ▁corpor ate ▁p ension ▁funds , ▁found ations , ▁end ow ments , ▁and ▁other ▁institution al ▁invest ors . ▁ ▁S ust ain ability / green ▁initi atives ▁The