Real Estate (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Real Estate Properties Acquired

We acquired the following properties (collectively, the “Assembly Portfolio”) during the 2019 Period:


Acquisition Date	Property Name	Property Type	# of Units (unaudited)	Contract Purchase Price (in thousands)
April 30, 2019	Assembly Portfolio - Virginia ⁽¹⁾	Multifamily	1,685	$	379,100
June 27, 2019	Assembly Portfolio - Maryland ⁽²⁾	Multifamily	428	82,070
		Total 2019	2,113	$	461,170

______________________________

⁽¹⁾ Consists of Assembly Alexandria, Assembly Manassas, Assembly Dulles, Assembly Leesburg and Assembly Herndon.

⁽²⁾ Consists of Assembly Germantown and Assembly Watkins Mill.

Schedule of Properties Held-for-Sale or Sold and Discontinued Operations

We sold our interests in the following properties during 2020 and 2019:


Disposition Date	Property Name	Property Type	Rentable Square Feet	Contract Sales Price (in thousands)		(Loss) Gain on Sale (in thousands)
April 21, 2020	John Marshall II	Office	223,000	$	57,000	$	(6,855)
		Total 2020	223,000	$	57,000	$	(6,855)

June 26, 2019	Quantico Corporate Center ⁽¹⁾	Office	272,000	$	33,000	$	(1,046)
July 23, 2019	Shopping Center Portfolio ⁽²⁾	Retail	800,000	485,250		333,023
August 21, 2019	Frederick Crossing and Frederick County Square	Retail	520,000	57,500		9,507
August 27, 2019	Centre at Hagerstown	Retail	330,000	23,500		(3,506)
December 19, 2019	1776 G Street	Office	262,000	129,500		61,007
		Total 2019	2,184,000	$	728,750	$	398,985

______________________________

⁽¹⁾ Consists of 925 and 1000 Corporate Drive.

⁽²⁾ Consists of five retail properties: Gateway Overlook, Wheaton Park, Olney Village Center, Bradlee Shopping Center and Shoppes of Foxchase.

The results of the Retail Portfolio are classified as discontinued operations and are summarized as follows (amounts in thousands, except for share data):


	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019

Real estate rental revenue	$	12,334	$	24,074
Real estate expenses	(2,641)		(5,708)
Depreciation and amortization	(2,377)		(4,867)
Interest expense	(138)		(283)


Income from discontinued operations	$	7,178	$	13,216

Basic net income per share	$	0.09	$	0.17
Diluted net income per share	$	0.09	$	0.17

Capital expenditures	$	402	$	809

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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+ Details