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Real Estate Properties (Tables)
 9 Months Ended
Sep. 30, 2017
Real Estate [Abstract]  
Schedule of purchase prices of acquisitions allocated based on the estimated fair values of the acquired assets and assumed liabilities
Our allocation of the purchase price of this acquisition based on the estimated fair values of the acquired assets and assumed liabilities is presented in the table below. 
 
 
    
 
    
 
Number
 
    
 
 
 
 
 
 
 
 
 
 
 
 
 
 
of
 
 
 
 
 
 
 
Buildings
 
Other
Acquisition
 
 
 
 
 
Properties/
 
Square
 
Purchase
 
 
 
and
 
Assumed
Date
 
Location
 
Type
 
Buildings
 
Feet
 
Price
 
Land
 
Improvements
 
Assets
Jan-17
 
Manassas, VA
 
Office
 
1/1
 
69,374

 
$
12,657

 
$
1,562

 
$
8,253

 
$
2,842
Pro forma information
The following table presents our pro forma results of operations for each of the nine months ended September 30, 2017 and 2016 as if the FPO Transaction and related financing activities had occurred on January 1, 2016. The historical FPO results of operations included in this pro forma financial information have been adjusted to remove the results of operations of properties and joint venture interests FPO sold since January 1, 2016. The effect of these adjustments was to decrease pro forma rental income $804 and $8,330 for the nine months ended September 30, 2017 and 2016, respectively, and to decrease (increase) net income (loss) $47,019 and ($2,458) for the nine months ended September 30, 2017 and 2016, respectively. This pro forma financial information is not necessarily indicative of what our actual results of operations would have been for the periods presented, nor does it represent the results of operations for any future period. Differences could result from numerous factors, including changes to our preliminary purchase price allocation for the FPO Transaction, future changes in our portfolio of investments, changes in interest rates, changes in our capital structure, changes in net property level operating expenses, changes in property level revenues, including rents expected to be received on our existing leases or leases we may enter into during and after 2017, and other reasons.
 
Nine Months Ended September 30,
 
2017
 
2016
Rental income
$
328,255

 
$
311,167

Net income (loss)
(4,733
)
 
19,411

Net income (loss) per share
$
(0.05
)
 
$
0.20
Summarized balance sheet and income statement information for properties classified as discontinued operations
Summarized balance sheet and income statement information for this property is as follows:

Balance Sheets 

 
 
September 30,
 
 December 31,
 
 
2017
 
2016
Real estate properties, net
 
$
—

 
$
12,260

Other assets
 
—

 
281

Assets of discontinued operations
 
$
—

 
$
12,541

 
 
 
 
 
Other liabilities
 
$
—

 
$
45

Liabilities of discontinued operations
 
$
—

 
$
45


Statements of Operations
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2017
 
2016
 
2017
 
2016
Rental income
 
$
4

 
$
6

 
$
17

 
$
62

Real estate taxes
 
(40
)
 
(27
)
 
(88
)
 
(73
)
Utility expenses
 
(17
)
 
(34
)
 
(97
)
 
(113
)
Other operating expenses
 
(87
)
 
(70
)
 
(202
)
 
(219
)
General and administrative
 
(17
)
 
(29
)
 
(76
)
 
(86
)
Increase in carrying value of property
 
619

 
—

 
619

 
—

Income (loss) from discontinued operations
 
$
462

 
$
(154
)
 
$
173

 
$
(429
)