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Department of Homeland Security agents posing as sellers, according to court filings. In briefs filed in the Brooklyn court, lawyers for Karpenko and Krutilin said while the two men knew the purpose of their trip was illegal, they had been sent by their employer, a Russian company called Aelek, and did not plan the purchases themselves. "We're grateful that Judge Glasser recognized the limited role that Mr. Karpenko and Mr. Krutilin played in the conspiracy," said Richard Levitt, a lawyer for Karpenko. Raymond Granger, a lawyer for Krutilin, said his client was "extremely gratified" by the decision. Prosecutors said last October that Karpenko and Krutilin conspired with Alexey Barysheff, a U.S. citizen living in Brooklyn who was also arrested. Prosecutors say Barysheff set up front companies to buy and export electronics.
Our first quarter FFO reflected the full impact of our 2016 acquisitions. These acquisitions are continuing to perform in line with our prior guidance of $0.06 of annual accretion, which equates to roughly 5% of our in-place core FFO. We continue to reaffirm our annual guidance of $1.44 to $1.54 for the full year 2017, which equates to $0.35 to $0.38 per quarter. This could vary based upon the timing and amount of acquisitions, dispositions and structured financing activities within our core and fund businesses. Lastly, on earnings. As it relates to the balance of the year, following the projected dip in occupancy over the course of the next few quarters, along with the projected repayment of some of our structured finance investments, all else being equal, we anticipate our quarterly FFO run rate to soften in the second half of the year before continuing along our growth profile into 2018, following the profitable recapture and re-leasing of space. Leased occupancy remains strong and stable at March 31 at 95.7%. We are planning to recapture another 100 basis points or so of space, which represents roughly 50,000 square feet throughout the balance of this year, the vast majority of this recapture occurring during the second quarter. Our occupancy is anticipated to begin leveling in the third quarter before trending back up into 2018 as we profitably re-lease the space.
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