Real Estate Properties (Tables)

9 Months Ended

Sep. 30, 2013

Real Estate Properties

Allocation of the purchase prices of acquisitions based upon preliminary estimates of the estimated fair values of the acquired assets and assumed liabilities that may change based upon the completion of our analysis of acquired in place leases

			Number						Buildings				Acquired
Acquisition			of	Square	Purchase				and		Acquired		Lease
Date	Location	Type	Properties	Feet	Price(1)		Land		Improvements		Leases		Obligations
Aug-13	Chester, VA	Warehouse	1	228,108	$	12,503	$	1,478	$	9,594	$	1,440	$	(9	)
Aug-13	Bethesda, MD	Office	1	128,645	18,300		3,349		11,152		4,182		(383		)
			2	356,753	$	30,803	$	4,827	$	20,746	$	5,622	$	(392	)

(1)         Purchase price excludes acquisition related costs.

Summarized balance sheet and income statement information for properties in discontinued operations

Balance Sheets:

	September 30, 2013		December 31, 2012
Real estate properties	$	25,567	$	46,784
Acquired real estate leases, net	—		82
Rents receivable	517		217
Other assets	123		59
Assets of discontinued operations	$	26,207	$	47,142
Other liabilities	$	288	$	298
Liabilities of discontinued operations	$	288	$	298

Statements of Operations:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Rental income	$	886		$	1,657		$	3,831		$	5,740
Real estate taxes	(123		)	(230		)	(505		)	(690		)
Utility expenses	(112		)	(339		)	(447		)	(810		)
Other operating expenses	(255		)	(394		)	(775		)	(1,076		)
Depreciation and amortization	(241		)	(519		)	(1,025		)	(1,639		)
General and administrative	(68		)	(108		)	(226		)	(324		)
Loss on asset impairment from discontinued operations	(10,142		)	—			(10,142		)	—
Net gain on sale of properties from discontinued operations	—			—			8,168			—
Income (loss) from discontinued operations	$	(10,055	)	$	67		$	(1,121	)	$	1,201