2025-04-21T10:10:27-07:00 2024-12-31 680307221 Comyns Smith McCleary & Deaver LLP 1777 Botelho Drive Suite 350 Walnut Creek CA 94596 990 2024-01-01 201425227 1000-1100 Dexter Avenue Inc 1000 4156583300 4 Embarcadero Center Suite 3300 San Francisco CA 94111 Albert J Jehle Managing Director 2025-04-21 true true Dan K Deaver P00035597 9252991040 2024 2025-03-06 01:10:19Z Albert J Jehle 48316148 false X N/A X 2004 DE Title Holding Corporation For Real Property X 8 8 0 0 0 6347300 808121 -13394625 0 6347300 -12586504 0 0 0 0 0 6285021 2002785 6285021 2002785 62279 -14589289 45303705 89699 45024246 872 279459 88827 Title Holding Corporation For Real Property false false Title Holding Corporation for Real Property false false false false false false false false false false false false false false true false true false false false false false false false false false false false false false false false false false false false false false true false true false false true 5 0 true 0 false false false false false false false false X 8 8 false true false false true true false true true false false true true true true true true true true false X Breanna Staggs 4156583300 4 Embarcadero Center Suite 3300 San Francisco CA 94111 X See Supplemental Information See Supplementa 0.00 0.00 X 0 0 0 0 false false false CBRE Inc PO Box 848844 Los Angeles CA 90084 Property Management 185802 Gateway Construction 5506 6th Ave Suite 210 Seattle WA 98108 Construction services 330267 2 0 Recoveries 531120 489982 489982 Rent 531120 318139 318139 531120 808121 8027 8027 0 0 0 47500000 60902652 -13402652 -13402652 -13402652 0 0 0 0 -12586504 808121 -13394625 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 303148 0 243749 14468 Bad debt expense 938633 Building R&M 113990 Real Estate Tax 112287 Other Operating expense 78613 197897 2002785 0 0 0 309836 51859 0 0 1092244 32296 0 0 0 0 23012 5544 43800000 0 0 0 0 0 78613 0 45303705 89699 1212016 872 43659214 153016 45024246 872 X 25822903 25823826 -25543444 -25734999 279459 88827 45303705 89699 X -14589289 46695180 -32296523 X false true X true false X Part X : FIN48 Footnote The Trust has been classified as a qualified trust under Section 401(a) of the Internal Revenue Code (the Code) and is exempt from taxation under Section 501(a) of the Code. The Trust includes interests in single member limited liability companies that generally, for tax purposes, are treated as divisions of their sole member. Additionally, the Trust includes title-holding companies that are classified as tax exempt under Code Sections 501(c)(2) and 501(c)(25) and related state income tax law. The Trust is subject to income taxes on any net income that is derived from a trade or business, regularly carried on, and not in furtherance of the purpose for which it was granted exemption. No income tax provision has been recorded as the net income, if any, from any unrelated trade or business and, in the opinion of management, is not material to the combined financial statements taken as a whole. The Trust adopted the provisions of Accounting Standards Codification (ASC) Topic 740, Income Taxes, which prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and provides guidance on derecognition, classification, interest and penalties, disclosure, and transition. Management believes that no such uncertain tax positions exist requiring accrual or disclosure as of December 31, 2024 or 2023. Cash (See Note A) 2024-02-14 47500000 Actual 911990052 SBC Master Pension Trust 175 East Houston St 07-C-08 San Antonio TX 78205 401(A) false false false false Form 990, Part VI, Section A, Line 3 All management duties and management decision making of the taxpayer is delegated to Core and Value Advisors, LLC pursuant to the terms of certain management agreements. Form 990, Part VI, Section A, Line 6 Taxpayer is organized as a nonprofit corporation under the laws of the state of Delaware. Each stockholder of the taxpayer shall at all times be either (1) a qualified pension, profit-sharing or stock bonus plan that meets the requirements of Section 401(a) of the IRC; (2) a governmental plan (within the meaning of Section 414(d) of the Code); (3) the United States, any State or political subdivision thereof, or any agency or instrumentality of the foregoing; or (4) any organization described in Section 501(c)(3) of the Code. Taxpayer has only one class of stock and such class is entitled to vote or execute consents either in person or by agent or agents authorized by written proxy. Such class of stockholder is entitled to distributions of profits or a share of the net assets upon dissolution. Form 990, Part VI, Section B, Line 11b Form 990 is reviewed annually prior to filing by an officer of the management company engaged by the taxpayer to manage the operations of the taxpayer. The return is then signed by a member of the taxpayer's governing body. Form 990, Part VI, Section B, Line 12c All employees of Core and Value Advisors, LLC, which includes the members of the taxpayer's governing body, are required to at least annually disclose and certify via an electronic reporting system that they have: received, read and understand all of the conflict of interest and other related policies and that understand and agree to conform with such policies. Form 990, Part VI, Section B, Line 15b The corporate bylaws of the taxpayer provide that no officers of the taxpayer shall receive any compensation. All voting members of the governing body are independent as detailed in Part VI, Section A, lines 1a and 1b above. The governing body insures that this policy and corporate bylaw is enforced and none of its members nor any officer or employee of the taxpayer receives any compensation from the taxpayer. Form 990, Part VI, Section C, Line 19 No documents available to the public. Form 990, Part XI, Line 9 Depreciation = $243749 Form 990, Part XI, Line 9 Contributions = $923 Form 990, Part XI, Line 9 Distributions of Earnings = -$481000 Form 990, Part XI, Line 9 Distribution of capital = -$455000 Form 990, Part XI, Line 9 Book/tax difference = -$31605195 Statement Note 1 Form 990Part VII, Section AAs provided in the corporate bylaws of the taxpayer, all officers and directors of the taxpayer serve as such without compensation and, as a result, the taxpayer is precluded from paying any compensation to any of the following officers/directors.OFFICERS AND DIRECTORSDIRECTOR Albert J. JehleOFFICERSPresident Albert J. JehleVice President Sol RasoVice President Drew StepanekVice President Matthew JerryVice President Douglas CabealVice President Darik AfshaniVice President & Secretary Douglas D. SturialeTreasurer Breanna Staggs Statement Note 2 NOTE ASCHEDULE N, PART IITHE TAXPAYER SOLD ITS ASSETS ON FEBRUARY 14, 2024, PAID OFF THE DEBTS SECURED BY THE ASSET AND DISTRIBUTED THE REMAINING PROCEEDS THEREFROM IN ANTICIPATION OF LIQUIDATION IN A SUBSEQUENT TAX YEAR. See Attached Schedule 4 Embarcadero Center Suite 3300 San Francisco CA 94111 DE N/A false The Grand Sherman Oaks LLC 2525 E Camelback Road Suite 500 Phoenix AZ 85016 475519973 Real Estate DE SBC false false Alta Sobo Station LLC 3715 Northside Parkway NW STE 4-600 Atlanta GA 30327 813141562 Real Estate DE SBC false false 820 16th Street Investor LLC 4 Embarcadero Center Suite 3300 San Francisco CA 94111 832392153 Real Estate DE SBC false false false false false false false false false false false false false false false false false false false false false