- Scott Ingraham to retire from Kilroy Realty's (KRC, Financial) Board of Directors at the Annual Meeting on May 20, 2025.
- KRC's portfolio includes approximately 17.1 million square feet of office and life science space with 82.8% occupancy.
- Current development projects entail $1.08 billion in total investments.
In a significant corporate development, Kilroy Realty Corporation (KRC) has announced that Scott Ingraham, an independent director, will retire from its Board of Directors at the forthcoming annual meeting scheduled for May 20, 2025. Mr. Ingraham has been an integral part of the board since 2007 and chaired the Audit Committee since 2008. This change will see the board's size reduced from eight to seven members.
As of December 31, 2024, Kilroy Realty's portfolio boasts approximately 17.1 million square feet, primarily consisting of office and life science space, with an occupancy rate of 82.8% and a leasing rate of 84.9%. In addition, the company owns 1,000 residential units in Hollywood and San Diego, maintaining a quarterly average occupancy rate of 92.2%.
KRC is actively involved in several development projects, including two life science redevelopment initiatives totaling 100,000 square feet with estimated costs of $80.0 million. The company's significant project under construction is an 875,000-square-foot development with an estimated investment of $1.0 billion.
