excluding the $ 11.9 million charge related to the buyout of the kmart lease at assembly square marketplace in 2019 , our ratio of ebitdare to combined fixed charges and preferred share dividends remained 4.2x . impacts of covid-19 pandemic we continue to monitor and address risks related to the covid-19 pandemic . in march 2020 , the world health organization characterized covid-19 as a global pandemic and in response to the rapid spread of the virus , state , and local governments issued orders and recommendations to attempt to reduce the further spread of the disease . such orders included shelter-in-place orders , travel restrictions , limitations on public gatherings , school closures , social distancing requirements and the closure of all but critical and essential businesses and services . these orders required closure of all of our corporate offices as non-essential businesses . except for those employees who were critical to providing the necessary day-to-day property management functions required to keep our properties open and operating for essential businesses such as grocery stores and drug stores , and a few employees who were needed to carry out critical corporate functions , we transitioned our entire workforce to remote work in march 2020. although some of our corporate offices have reopened with capacity limitations , approximately 75 % of our workforce continues to work remotely on a regular basis . we have not laid off , furloughed , or terminated any employees nor have we modified the compensation of any or our employees as a result of covid-19 , and the transition to a largely remote workforce has not had any material adverse impact on our financial reporting systems , our internal controls , or disclosure controls and procedures . the government imposed restrictions also required a significant number of tenants who do business in our properties , but were considered non-essential , to close their operations or to significantly limit the amount of business they are able to conduct in their stores . these closures and restrictions have impacted the tenants ' ability to timely pay rent as required under our leases and also caused many tenants to close their business permanently . as a result , our cash flow and results of operations in 2020 were materially adversely impacted and our vacancy increased above historical levels . although virtually all of our leases required the tenants to pay rent even while they were not operating , we entered into numerous agreements to abate , defer and or restructure tenant rent payments for varying periods of time , all with the objective of collecting as much cash as reasonably possible and maintaining occupancy to the maximum extent . we believe those actions will position many of our tenants to be able to return to payment of contractual rent as soon as possible after the impacts from the pandemic have subsided . given the impact to our cash flow caused by tenants not timely paying contractual rent , we took actions to improve our financial position and maximize our liquidity . those actions included raising $ 1.1 billion in may 2020 through a $ 400.0 million term loan and the issuance of $ 700.0 million of senior unsecured notes , amending the covenants on our revolving credit facility to provide us operating flexibility during the expected period during which our cash flow will be impacted , and raising an additional $ 400.0 million of senior unsecured notes in october 2020. throughout the last three quarters of 2020 , we maintained levels of cash significantly in excess of the cash balances we have historically maintained which has adversely impacted our financial results ; however , we believe that such action was prudent to position us with what we expect to be sufficient liquidity to allow us to continue fully operating until our operating revenues return to more typical levels . as of december 31 , 2020 , there is no outstanding balance on our $ 1.0 billion revolving credit facility , and we have cash and cash equivalents of $ 798.3 million . 32 given the adverse impact on our cash flow , we did not commence any significant new capital projects during 2020 and we stopped , at least temporarily , portions of our capital spend that could be stopped . we did , however , continue investing in a number of our larger projects which were in the middle of construction and could not be stopped without causing material adverse financial impact to the company . additional discussion of the impact of covid-19 on our results in 2020 and long-term operations can be found throughout item 7 and item 1a . risk factors . corporate responsibility we actively endeavor to operate and develop our properties in a sustainable , responsible , and effective manner with the objective being to drive long-term growth and aid in value creation for our shareholders , tenants , employees , and local communities . our development activities have been heavily focused on owning , developing and operating properties that are certified under the u.s. green building council's® ( “ usgbc ” ) leadership in energy and environmental design ( leed® ) rating system which serves as a third-party verification that a building or community was designed and built to mitigate its environmental footprint . we currently have 15 leed certified buildings and our pike & rose project has achieved leed for neighborhood development stage 3 gold certification . the covid-19 pandemic has also increased our focus on owning , developing and operating healthier buildings . to that end , our new corporate headquarters space at our 909 rose avenue building has earned a fitwel certification developed by the u.s. centers for disease control and prevention ( cdc ) together with the general services administration ( gsa ) . this certification assesses a building 's impact on seven distinct categories related to overall health and well-being . story_separator_special_tag the primary beneficiary of a vie has both the power to direct the activities that most significantly impact economic performance of the vie and the obligation to absorb losses or the right to receive benefits that could be significant to the vie . the determination of the power to direct the activities that most significantly impact economic performance requires judgment and is impacted by numerous factors including the purpose of the vie , contractual rights and obligations of variable interest holders , and mechanisms for the resolution of disputes among the variable interest holders . long-lived assets and impairment there are estimates and assumptions made by management in preparing the consolidated financial statements for which the actual results will be determined over long periods of time . this includes the recoverability of long-lived assets , including our properties that have been acquired or redeveloped and our investment in certain joint ventures . management 's evaluation of impairment includes review for possible indicators of impairment as well as , in certain circumstances , undiscounted and discounted cash flow analysis . since most of our investments in real estate are wholly-owned or controlled assets which are held for use , a property with impairment indicators is first tested for impairment by comparing the undiscounted cash flows , including residual value , to the current net book value of the property . if the undiscounted cash flows are less than the net book value , the property is written down to expected fair value . the calculation of both discounted and undiscounted cash flows requires management to make estimates of future cash flows including revenues , operating expenses , required maintenance and development expenditures , market conditions , demand for space by tenants and rental rates over long periods . because our properties typically have a long life , the assumptions used to estimate the future recoverability of book value requires significant management judgment . actual results could be significantly different from the estimates . these estimates have a direct impact on net income , because recording an impairment charge results in a negative adjustment to net income . contingencies we are sometimes involved in lawsuits , warranty claims , and environmental matters arising in the ordinary course of business . management makes assumptions and estimates concerning the likelihood and amount of any potential loss relating to these matters . we accrue a liability for litigation if an unfavorable outcome is probable and the amount of loss can be reasonably estimated . if an unfavorable outcome is probable and a reasonable estimate of the loss is a range , we accrue the best estimate within the range ; however , if no amount within the range is a better estimate than any other amount , the minimum within the range is accrued . any difference between our estimate of a potential loss and the actual outcome would result in an increase or decrease to net income . recently adopted and recently issued accounting pronouncements see note 2 to the consolidated financial statements . 2020 property acquisitions , dispositions , and impairment replace_table_token_13_th 36 ( 1 ) this property is adjacent to , and will be operated as part of the property acquired in 2019. the purchase price was paid with a combination of cash and the issuance of 163,322 downreit operating partnership units . approximately $ 0.5 million and $ 0.4 million of net assets acquired were allocated to other assets for `` above market leases , `` and other liabilities for `` below market leases , `` respectively . ( 2 ) the purchase price includes the assumption of $ 8.9 million of mortgage debt , and is in addition to the 37 buildings previously acquired in 2019 , and was completed through the same joint venture . less than $ 0.1 million and approximately $ 3.3 million of net assets acquired were allocated to other assets for `` above market leases , `` and other liabilities for `` below market leases , `` respectively . on september 1 , 2020 , the $ 60.6 million non-recourse mortgage loan on the shops at sunset place matured . the mortgage was not repaid , and thus the lender declared the loan in default . we evaluated our long-term plans for the property , taking into account current market conditions and prospective development and redevelopment returns , as well as the impact of covid-19 on the revenue prospects for the property , and concluded we did not expect to move forward with the planned redevelopment or repay the mortgage balance , and thus , did not expect to be long term holders of the asset . given these expectations , we recorded an impairment charge of $ 57.2 million during the third quarter of 2020. the fair value estimate used to determine the impairment charge was determined by market comparable data and discounted cash flow analyses . the cash flows utilized in such analyses are comprised of unobservable inputs which include forecasted rental revenue and expenses based upon market conditions and future expectations . the capitalization rates and discount rates utilized in such analyses are based upon unobservable rates that we believe to be within a reasonable range of current market rates for the property . based on these inputs , we have determined that the $ 57 million estimated valuation of the property is classified within level 3 of the fair value hierarchy . on december 31 , 2020 , we sold the shops at sunset place for $ 65.5 million and repaid the mortgage loan . the resulting gain of $ 9.2 million is included in the cumulative 2020 gain of $ 98.1 million noted in the disposals below . during the year ended december 31 , 2020 , we sold three properties ( including the shops at sunset place discussed above ) and one building for a total sales price of $ 186.1 million , which resulted in a gain of

cash requirements the following table provides a summary of material cash requirements comprising our fixed , noncancelable obligations as of december 31 , 2020 : replace_table_token_16_th _ ( 1 ) the weighted average interest rate on our fixed and variable rate debt is 3.32 % as of december 31 , 2020 . ( 2 ) the weighted average interest rate on the fixed and variable rate debt related to our unconsolidated real estate partnerships is 4.59 % as of december 31 , 2020 . $ 25.2 million of the requirements in the next twelve months was repaid when we acquired our partners ' share of the pike & rose hotel joint venture on january 4 , 2021. see note 15 to the consolidated financial statements for additional information . ( 3 ) this includes minimum rental payments related to both finance and operating leases . ( 4 ) this includes the liability related to the sale under threat of condemnation at san antonio center as further discussed in note 3 and note 7 to the consolidated financial statements . in addition to the amounts set forth in the table above and other liquidity requirements previously discussed , the following potential commitments exist : ( a ) under the terms of the congressional plaza partnership agreement , a minority partner has the right to require us and the other minority partner to purchase its 26.63 % interest in congressional plaza at the interest 's then-current fair market value . if the other minority partner defaults in their obligation , we must purchase the full interest .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash requirements the following table provides a summary of material cash requirements comprising our fixed , noncancelable obligations as of december 31 , 2020 : replace_table_token_16_th _ ( 1 ) the weighted average interest rate on our fixed and variable rate debt is 3.32 % as of december 31 , 2020 . ( 2 ) the weighted average interest rate on the fixed and variable rate debt related to our unconsolidated real estate partnerships is 4.59 % as of december 31 , 2020 . $ 25.2 million of the requirements in the next twelve months was repaid when we acquired our partners ' share of the pike & rose hotel joint venture on january 4 , 2021. see note 15 to the consolidated financial statements for additional information . ( 3 ) this includes minimum rental payments related to both finance and operating leases . ( 4 ) this includes the liability related to the sale under threat of condemnation at san antonio center as further discussed in note 3 and note 7 to the consolidated financial statements . in addition to the amounts set forth in the table above and other liquidity requirements previously discussed , the following potential commitments exist : ( a ) under the terms of the congressional plaza partnership agreement , a minority partner has the right to require us and the other minority partner to purchase its 26.63 % interest in congressional plaza at the interest 's then-current fair market value . if the other minority partner defaults in their obligation , we must purchase the full interest .
```    
 Suspicious Activity Report : excluding the $ 11.9 million charge related to the buyout of the kmart lease at assembly square marketplace in 2019 , our ratio of ebitdare to combined fixed charges and preferred share dividends remained 4.2x . impacts of covid-19 pandemic we continue to monitor and address risks related to the covid-19 pandemic . in march 2020 , the world health organization characterized covid-19 as a global pandemic and in response to the rapid spread of the virus , state , and local governments issued orders and recommendations to attempt to reduce the further spread of the disease . such orders included shelter-in-place orders , travel restrictions , limitations on public gatherings , school closures , social distancing requirements and the closure of all but critical and essential businesses and services . these orders required closure of all of our corporate offices as non-essential businesses . except for those employees who were critical to providing the necessary day-to-day property management functions required to keep our properties open and operating for essential businesses such as grocery stores and drug stores , and a few employees who were needed to carry out critical corporate functions , we transitioned our entire workforce to remote work in march 2020. although some of our corporate offices have reopened with capacity limitations , approximately 75 % of our workforce continues to work remotely on a regular basis . we have not laid off , furloughed , or terminated any employees nor have we modified the compensation of any or our employees as a result of covid-19 , and the transition to a largely remote workforce has not had any material adverse impact on our financial reporting systems , our internal controls , or disclosure controls and procedures . the government imposed restrictions also required a significant number of tenants who do business in our properties , but were considered non-essential , to close their operations or to significantly limit the amount of business they are able to conduct in their stores . these closures and restrictions have impacted the tenants ' ability to timely pay rent as required under our leases and also caused many tenants to close their business permanently . as a result , our cash flow and results of operations in 2020 were materially adversely impacted and our vacancy increased above historical levels . although virtually all of our leases required the tenants to pay rent even while they were not operating , we entered into numerous agreements to abate , defer and or restructure tenant rent payments for varying periods of time , all with the objective of collecting as much cash as reasonably possible and maintaining occupancy to the maximum extent . we believe those actions will position many of our tenants to be able to return to payment of contractual rent as soon as possible after the impacts from the pandemic have subsided . given the impact to our cash flow caused by tenants not timely paying contractual rent , we took actions to improve our financial position and maximize our liquidity . those actions included raising $ 1.1 billion in may 2020 through a $ 400.0 million term loan and the issuance of $ 700.0 million of senior unsecured notes , amending the covenants on our revolving credit facility to provide us operating flexibility during the expected period during which our cash flow will be impacted , and raising an additional $ 400.0 million of senior unsecured notes in october 2020. throughout the last three quarters of 2020 , we maintained levels of cash significantly in excess of the cash balances we have historically maintained which has adversely impacted our financial results ; however , we believe that such action was prudent to position us with what we expect to be sufficient liquidity to allow us to continue fully operating until our operating revenues return to more typical levels . as of december 31 , 2020 , there is no outstanding balance on our $ 1.0 billion revolving credit facility , and we have cash and cash equivalents of $ 798.3 million . 32 given the adverse impact on our cash flow , we did not commence any significant new capital projects during 2020 and we stopped , at least temporarily , portions of our capital spend that could be stopped . we did , however , continue investing in a number of our larger projects which were in the middle of construction and could not be stopped without causing material adverse financial impact to the company . additional discussion of the impact of covid-19 on our results in 2020 and long-term operations can be found throughout item 7 and item 1a . risk factors . corporate responsibility we actively endeavor to operate and develop our properties in a sustainable , responsible , and effective manner with the objective being to drive long-term growth and aid in value creation for our shareholders , tenants , employees , and local communities . our development activities have been heavily focused on owning , developing and operating properties that are certified under the u.s. green building council's® ( “ usgbc ” ) leadership in energy and environmental design ( leed® ) rating system which serves as a third-party verification that a building or community was designed and built to mitigate its environmental footprint . we currently have 15 leed certified buildings and our pike & rose project has achieved leed for neighborhood development stage 3 gold certification . the covid-19 pandemic has also increased our focus on owning , developing and operating healthier buildings . to that end , our new corporate headquarters space at our 909 rose avenue building has earned a fitwel certification developed by the u.s. centers for disease control and prevention ( cdc ) together with the general services administration ( gsa ) . this certification assesses a building 's impact on seven distinct categories related to overall health and well-being . story_separator_special_tag the primary beneficiary of a vie has both the power to direct the activities that most significantly impact economic performance of the vie and the obligation to absorb losses or the right to receive benefits that could be significant to the vie . the determination of the power to direct the activities that most significantly impact economic performance requires judgment and is impacted by numerous factors including the purpose of the vie , contractual rights and obligations of variable interest holders , and mechanisms for the resolution of disputes among the variable interest holders . long-lived assets and impairment there are estimates and assumptions made by management in preparing the consolidated financial statements for which the actual results will be determined over long periods of time . this includes the recoverability of long-lived assets , including our properties that have been acquired or redeveloped and our investment in certain joint ventures . management 's evaluation of impairment includes review for possible indicators of impairment as well as , in certain circumstances , undiscounted and discounted cash flow analysis . since most of our investments in real estate are wholly-owned or controlled assets which are held for use , a property with impairment indicators is first tested for impairment by comparing the undiscounted cash flows , including residual value , to the current net book value of the property . if the undiscounted cash flows are less than the net book value , the property is written down to expected fair value . the calculation of both discounted and undiscounted cash flows requires management to make estimates of future cash flows including revenues , operating expenses , required maintenance and development expenditures , market conditions , demand for space by tenants and rental rates over long periods . because our properties typically have a long life , the assumptions used to estimate the future recoverability of book value requires significant management judgment . actual results could be significantly different from the estimates . these estimates have a direct impact on net income , because recording an impairment charge results in a negative adjustment to net income . contingencies we are sometimes involved in lawsuits , warranty claims , and environmental matters arising in the ordinary course of business . management makes assumptions and estimates concerning the likelihood and amount of any potential loss relating to these matters . we accrue a liability for litigation if an unfavorable outcome is probable and the amount of loss can be reasonably estimated . if an unfavorable outcome is probable and a reasonable estimate of the loss is a range , we accrue the best estimate within the range ; however , if no amount within the range is a better estimate than any other amount , the minimum within the range is accrued . any difference between our estimate of a potential loss and the actual outcome would result in an increase or decrease to net income . recently adopted and recently issued accounting pronouncements see note 2 to the consolidated financial statements . 2020 property acquisitions , dispositions , and impairment replace_table_token_13_th 36 ( 1 ) this property is adjacent to , and will be operated as part of the property acquired in 2019. the purchase price was paid with a combination of cash and the issuance of 163,322 downreit operating partnership units . approximately $ 0.5 million and $ 0.4 million of net assets acquired were allocated to other assets for `` above market leases , `` and other liabilities for `` below market leases , `` respectively . ( 2 ) the purchase price includes the assumption of $ 8.9 million of mortgage debt , and is in addition to the 37 buildings previously acquired in 2019 , and was completed through the same joint venture . less than $ 0.1 million and approximately $ 3.3 million of net assets acquired were allocated to other assets for `` above market leases , `` and other liabilities for `` below market leases , `` respectively . on september 1 , 2020 , the $ 60.6 million non-recourse mortgage loan on the shops at sunset place matured . the mortgage was not repaid , and thus the lender declared the loan in default . we evaluated our long-term plans for the property , taking into account current market conditions and prospective development and redevelopment returns , as well as the impact of covid-19 on the revenue prospects for the property , and concluded we did not expect to move forward with the planned redevelopment or repay the mortgage balance , and thus , did not expect to be long term holders of the asset . given these expectations , we recorded an impairment charge of $ 57.2 million during the third quarter of 2020. the fair value estimate used to determine the impairment charge was determined by market comparable data and discounted cash flow analyses . the cash flows utilized in such analyses are comprised of unobservable inputs which include forecasted rental revenue and expenses based upon market conditions and future expectations . the capitalization rates and discount rates utilized in such analyses are based upon unobservable rates that we believe to be within a reasonable range of current market rates for the property . based on these inputs , we have determined that the $ 57 million estimated valuation of the property is classified within level 3 of the fair value hierarchy . on december 31 , 2020 , we sold the shops at sunset place for $ 65.5 million and repaid the mortgage loan . the resulting gain of $ 9.2 million is included in the cumulative 2020 gain of $ 98.1 million noted in the disposals below . during the year ended december 31 , 2020 , we sold three properties ( including the shops at sunset place discussed above ) and one building for a total sales price of $ 186.1 million , which resulted in a gain of

