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Real Estate Properties (Tables)
 12 Months Ended
Dec. 31, 2022
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 20221
Rockville, MD (2)
129,000 $6,750 $(72)$— 
February 20222
Chesapeake, VA (2)
172,000 18,945 2,296 — 
March 20221
Milwaukee, WI (2)
29,000 3,775 (75)— 
May 20221Holtsville, NY264,000 28,500 1,900 — 
June 20221Fairfax, VA184,000 19,750 (13,537)— 
July 20221Houston, TX206,000 9,800 (135)15,278 
August 20223Birmingham, AL448,000 16,050 (265)3,709 
August 20221Erlanger, KY86,000 2,600 135 2,184 
September 20222Chesapeake, VA214,000 24,000 62 649 
September 20222Everett, WA112,000 31,500 11,959 — 
September 20221Salem, OR233,000 34,250 5,369 — 
November 20221
Kapolei, HI (3)
109,000 4,000 2,504 — 
November 20221Englewood, CO140,000 11,100 860 — 
182,326,000 $211,020 $11,001 $21,820 
(1)Gross sales price is the gross contract price, excluding closing costs.
(2)Properties were classified as held for sale as of December 31, 2021.
(3)Property is a leasable land parcel.
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.
(4)Consists of two vacant land parcels.
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 20201Trenton, NJ267,000 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.
Schedule of Joint Ventures As of December 31, 2022 and 2021, 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 Venture20222021
Prosperity Metro Plaza51%$19,237 $20,672 2Fairfax, VA329,000
1750 H Street, NW50%15,892 14,166 1Washington, D.C.115,000
Total $35,129 $34,838 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, 2022 and 2021 (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.