The document outlines the investment objectives and status of repositioning the Draper Tech 21 office property to the Lone Peak Center. The objectives over the first 12 months were to pre-lease 40% of the property, expand the fee land holding, renegotiate the 50-year ground lease to reduce annual rent and add a cancellation provision, and renovate the interior and exterior on budget. As of month 9, the status update indicates the objectives have been substantially or fully achieved, with 85% of the property leased at an average of 6.5 years and rental rates above initial targets.