XML 62 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8
Real Estate Properties (Tables)
12 Months Ended
Dec. 31, 2013
Real Estate Properties  
Schedule of future minimum lease payments related properties, excluding three properties (three buildings) classified as discontinued operations (excluding real estate tax and other expense reimbursements)

Our future minimum lease payments related to our properties, excluding properties classified as discontinued operations and estimated real estate tax and other expense reimbursements, scheduled to be received during the current terms of the existing leases as of December 31, 2013 are as follows:

2014

  $ 214,261  

2015

    198,986  

2016

    178,076  

2017

    153,036  

2018

    128,404  

Thereafter

    342,036  
       

 

  $ 1,214,799  
       
       
Purchase prices of acquisitions allocated based on the estimated fair values of the acquired assets and assumed liabilities
Date
  Location   Type   Number of
Properties /
Buildings
  Square
Feet
  Purchase
Price(1)
  Land   Buildings and
Improvements
  Acquired
Leases
  Acquired
Lease
Obligations
  Other
Assumed
Liabilities
 

August 2013

  Chester, VA   Warehouse     1 / 1     228,108   $ 12,503   $ 1,478   $ 9,594   $ 1,440   $ (9 ) $  

August 2013

  Bethesda, MD   Office     1 / 1     128,645     18,300     3,349     11,152     4,182     (383 )    

October 2013

  Rancho Cordova, CA(2)   Office     1 / 1     93,807     21,190     562     16,922     5,498     (1,792 )    

November 2013

  Fairfax, VA(2)   Office     1 / 4     170,940     31,500     2,529     21,386     8,005     (420 )   (269 )

December 2013

  Montgomery, AL(2)   Office     1 / 1     49,370     16,025     1,374     11,658     3,776     (783 )    
                                           

 

            5 / 8     670,870   $ 99,518   $ 9,292   $ 70,712   $ 22,901   $ (3,387 ) $ (269 )
                                           
                                           

(1)
Purchase price excludes acquisition related costs.

(2)
The allocation of purchase price is based upon preliminary estimates and may change based upon the completion of our analysis of acquired in place leases.
Summarized balance sheet and income statement information for properties in discontinued operations

Balance Sheet:

 
  December 31, 2013   December 31, 2012  

Real estate properties

  $ 25,574   $ 46,784  

Acquired real estate leases, net

        82  

Rents receivable, net

    381     217  

Other assets, net

    42     59  
           

Assets of discontinued operations

  $ 25,997   $ 47,142  
           
           

Other liabilities

  $ 276   $ 298  
           

Liabilities of discontinued operations

  $ 276   $ 298  
           
           

        Statement of Operations:

 
  Year ended December 31,  
 
  2013   2012   2011  

Rental income

  $ 4,580   $ 7,376   $ 10,876  

Real estate taxes

    (678 )   (928 )   (919 )

Utility expenses

    (539 )   (1,043 )   (1,398 )

Other operating expenses

    (966 )   (1,484 )   (2,011 )

Depreciation and amortization

    (1,025 )   (2,096 )   (2,313 )

General and administrative

    (287 )   (431 )   (429 )

Loss on asset impairment

    (10,142 )   (494 )    

Net gain on sale of properties

    8,168          
               

Income (loss) from discontinued operations

  $ (889 ) $ 900   $ 3,806