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Real Estate Properties (Tables)
 12 Months Ended
Dec. 31, 2021
Real Estate [Abstract]  
Schedule of Business Acquisitions, by Acquisition We allocated the purchase prices of these acquisitions based on the relative estimated fair values of the acquired assets and assumed liabilities as follows:
Acquisition DateLocationNumber of PropertiesRentable Square FeetPurchase PriceLandBuildings and ImprovementsAcquired Real Estate LeasesAssumed Real Estate Lease Obligations
June 2021
Chicago, IL (1)
1531,000 $368,331 $42,935 $258,348 $76,136 $(9,088)
June 2021Atlanta, GA1346,000 180,602 13,040 135,459 32,103 — 
August 2021Boston, MA149,000 27,545 16,103 10,217 1,225 — 
3926,000$576,478 $72,078 $404,024 $109,464 $(9,088)
(1)Purchase price includes an adjustment of $13,031 to record an estimated real estate tax liability as of the acquisition date.We allocated the purchase prices of these acquisitions based on the relative estimated fair values of the acquired assets as follows:
Acquisition DateLocationNumber of PropertiesRentable Square FeetPurchase PriceLandBuildings and ImprovementsAcquired Real Estate Leases
February 2020Boston, MA113,000 $11,864 $2,618 $9,246 $— 
December 2020Fort Mill, SC1150,000 35,351 5,031 22,526 7,794 
2163,000 $47,215 $7,649 $31,772 $7,794 
Schedule of Disposal Groups
Date of SaleNumber of Properties LocationRentable Square Feet
Gross
 Sales Price (1)
Gain (Loss) on Sale of Real EstateLoss on Impairment of Real Estate
January 2021—
Kansas City, MO (2) (3)
10,000 $845 $(63)$— 
January 20211
Richmond, VA (2)
311,000 130,000 54,181 — 
April 20211Huntsville, AL1,371,000 39,000 — 5,383 
July 20211Fresno, CA532,000 6,000 — 33,902 
July 20211Liverpool, NY38,000 650 31 — 
August 20211Memphis, TN205,000 15,270 287 — 
September 20211Stoneham, MA98,000 6,650 (282)5,911 
October 2021—
Sterling, VA (4)
— 28,500 24,200 — 
62,565,000$226,915 $78,354 $45,196 
(1)Gross sales price is the gross contract price, excluding closing costs.
(2)Properties were classified as held for sale as of December 31, 2020.
(3)Consists of a warehouse facility adjacent to a property we own located in Kansas City, MO.
(4)Consists of two vacant land parcels adjacent to properties we own located in Sterling, VA.
As of December 31, 2021, the following four properties met the criteria to be classified as held for sale in our consolidated balance sheet:
Date of Sale AgreementLocationNumber of Properties Rentable Square Feet
Gross
 Sales Price (1)
Loss on Impairment of Real Estate
December 2021
Rockville, MD (2)
1129,000 $6,750 $6,236 
December 2021
Chesapeake, VA (3)
2172,000 18,945 — 
January 2022Milwaukee, WI129,000 3,850 755 
4330,000$29,545 $6,991 
(1)Gross sales price is the gross contract price, excluding closing costs.
(2)The sale of this property was completed in January 2022.
(3)The sale of these properties was completed in February 2022.
Date of SaleNumber of Properties LocationRentable Square Feet
Gross
 Sales Price (1)
Gain (Loss) on Sale of Real EstateLoss on Impairment of Real Estate
January 20202Stafford, VA65,000 $14,063 $4,771 $— 
January 20201Windsor, CT97,000 7,000 314 — 
February 20201Lincolnshire, IL223,000 12,000 1,179 — 
March 20201
Trenton, NJ (2)
267,000 30,100 (179)— 
March 20201Fairfax, VA83,000 22,200 4,754 — 
October 20204Fairfax, VA171,000 25,100 16 2,954 
10906,000 $110,463 $10,855 $2,954 

(1)Gross sales price is the gross contract price, excluding closing costs.
(2)We recorded a $9,454 loss on impairment of real estate during the year ended December 31, 2019 to adjust the carrying value of this property to its fair value less costs to sell.
Date of SaleNumber of PropertiesLocationRentable Square Feet
Gross
 Sales Price (1)
Gain (Loss) on Sale of Real EstateLoss on Impairment of Real Estate
February 201934Northern Virginia and Maryland1,636,000 $198,500 $— $732 
March 20191
Washington, D.C. (2)
129,000 70,000 22,075 — 
May 20191Buffalo, NY122,000 16,900 — 5,137 
May 20191Maynard, MA287,000 5,000 (227)— 
June 20191Kapolei, HI417,000 7,100 — — 
July 20191San Jose, CA72,000 14,000 (270)— 
July 20191Nashua, NH322,000 25,000 8,401 — 
August 20191Arlington, TX182,000 14,900 187 — 
August 20191Rochester, NY95,000 4,765 (104)— 
August 20191Hanover, PA502,000 5,500 (417)— 
August 20191San Antonio, TX618,000 198,000 3,869 — 
September 20191Topeka, KS144,000 15,600 36 — 
September 20191Falling Waters, WV40,000 650 — 2,179 
September 20191San Diego, CA44,000 8,950 3,062 — 
October 20193Columbia, SC181,000 10,750 — 3,581 
November 20193Metro DC - MD373,000 61,938 1,177 — 
December 20191San Diego, CA148,000 23,750 6,823 — 
December 20191Phoenix, AZ123,000 12,850 860 — 
December 20191Houston, TX497,000 130,000 59,992 — 
December 20191Kansas City, KS171,000 11,700 — 1,172 
December 20191San Jose, CA76,000 13,000 (333)— 
586,179,000 $848,853 $105,131 $12,801 
(1)Gross sales price is the gross contract price, excluding closing costs.
(2)Represents an individually significant disposition.
Schedule of Joint Ventures As of December 31, 2021 and 2020, our investments in unconsolidated joint ventures consisted of the following:
OPI OwnershipOPI Carrying Value of Investments at December 31, Number of PropertiesLocationRentable Square Feet
Joint Venture20212020
Prosperity Metro Plaza51%$20,672 $21,888 2Fairfax, VA329,000
1750 H Street, NW50%14,166 16,063 1Washington, D.C.115,000
Total $34,838 $37,951 3444,000
The following table provides a summary of the mortgage debt of our two unconsolidated joint ventures:
Joint Venture
Interest Rate (1)
Maturity Date
Principal Balance at December 31, 2021 and 2020 (2)
Prosperity Metro Plaza4.09%12/1/2029$50,000 
1750 H Street, NW3.69%8/1/202432,000 
Weighted Average/Total3.93%$82,000 
(1)Includes the effect of mark to market purchase accounting.
(2)Reflects the entire balance of the debt secured by the properties and is not adjusted to reflect the interests in the joint ventures we do not own. None of the debt is recourse to us.