Financial Data and Key Metrics Changes - The gross sale price of the last property sold was $132.5 million, with a net purchase price of approximately $124.4 million after credits [5] - Since 2014, the company has sold over $7.9 billion in assets, retiring $3.4 billion of debt and preferred shares, and repurchasing $652 million of common shares [5] - As of December 31, net assets in liquidation are approximately $179 million, with an updated estimated aggregate shareholder liquidating distribution range of $20.55 to $20.7 per common share [7] Business Line Data and Key Metrics Changes - The company has successfully executed the sale of all its real estate assets, including the final four properties [6][10] - The liquidation preference for Series D preferred shares was paid at $123.3 million, and an initial liquidating distribution of $19 per share was made to common shareholders [6] Market Data and Key Metrics Changes - The company anticipates that its common shares will be delisted from the New York Stock Exchange the day before the final distribution payment date [8] - Following the final distribution, the company plans to transfer remaining assets and liabilities to a Maryland liquidating trust [9] Company Strategy and Development Direction - The company has adopted a liquidation basis of accounting for its 2024 financials, recognizing assets at expected collection amounts and accruing estimated expenses [7] - The focus has been on executing the wind down process prudently and efficiently, with significant progress made in asset sales [10] Management's Comments on Operating Environment and Future Outlook - Management expressed pride in the progress made in the wind down process and acknowledged the support from shareholders and the dedication of the EQC team [10] Other Important Information - The company does not anticipate any future distributions from the liquidating trust after the final distribution [8] - The company expects to qualify as a REIT in 2025 until the transfer to the liquidating trust [9] Q&A Session Summary - There were no questions during the Q&A session [11]