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We do this by developing best-in-class properties, acquiring high-quality assets with attractive risk-adjusted returns, redeveloping and repositioning well-located properties where substantial upside exists, and selling buildings that no longer meet our criteria. Third, we are laying the groundwork for future investment opportunities.
We expect to deploy this capital during the year by acquiring high-quality assets with strong cash flows and meaningful long-term upside. In December, we acquired fee simple title to the land underneath our Century Center assets in Atlanta, which consist of 1.7 million square feet of office and 13 acres of developable land.
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