Real Estate Investment Trust

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Kilroy Realty Corporation

Kilroy Realty Corp. is a real estate company founded on September 13, 1996, and headquartered in Los Angeles, CA. It develops, acquires, and manages office and...

Kilroy Realty Corporation

Kilroy Realty Corp. is a real estate company founded on September 13, 1996, and headquartered in Los Angeles, CA. It develops, acquires, and manages office and mixed-use properties. The company made one investment, in Fitwel, as part of a Seed VC round on October 11, 2022.

General information

Firm type

Publicly Traded REIT

Year founded

1947

AUM

Approximately $12.5 billion (per public market capitalization, 2025)

Location

Region

North America

Country

United States

City

Los Angeles

Corporate office

Los Angeles, CA, United States

Additional offices

San Francisco, CA · San Diego, CA · Seattle, WA · Austin, TX

Principals

Angela L. Kleiman

President and CEO

John T. Fucci

Executive Vice President and CFO

Sector focus

Real EstateTechnologyLife Sciences

Frequently asked questions

Who runs investment decisions at Kilroy Realty?

Angela L. Kleiman serves as President and CEO, overseeing corporate strategy and capital allocation. The investment committee includes senior executives such as CFO John T. Fucci. Decisions are made with input from the board of directors and are subject to shareholder oversight, as the firm is publicly traded.

What is Kilroy Realty's approach to sustainability?

Kilroy Realty is a leader in green real estate, having issued the first U.S. REIT green bond in 2014. The firm targets net-zero carbon emissions by 2025 and has 100% of eligible properties ENERGY STAR certified. It participates in the GRESB benchmark annually.

How does Kilroy Realty generate revenue?

Kilroy Realty generates revenue primarily through leasing office and life sciences space, supplemented by development gains and property sales. Its tenant base is weighted toward tech and life sciences firms, which typically sign long-term leases for premium space.

What markets does Kilroy Realty focus on?

Kilroy's core markets are Los Angeles, San Francisco, San Diego, Seattle, and Austin. These cities are innovation hubs with high demand for office and lab space. The firm targets coastal US markets with strong job growth in technology and bioscience.

Does Kilroy Realty invest in data centers or industrial?

Kilroy Realty historically focused on office and life sciences. In 2024, it began exploring data center conversions for certain properties, reflecting shifting demand. However, as of early 2025, industrial and logistics are not a core focus.

How is Kilroy Realty structured differently from other REITs?

Kilroy is a fully integrated REIT, meaning it handles development, leasing, and property management in-house. Its sustainability program is more aggressive than many peers, including net-zero targets and a green bond framework. The firm also maintains a development pipeline of over $500 million in projects.

What risks does Kilroy Realty face?

Key risks include concentration in west coast markets, which are sensitive to technology sector cycles. Remote work trends have pressured office demand, though the firm's life sciences exposure provides some counterbalance. High interest rates also increase capital costs for development.

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