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Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Operations and Cash Flow from Discontinued Operations The tables below provide the details of the results of operations and the details of the cash flows related to discontinued operations for the periods set forth below.

 

 

(Amounts in thousands)

 

For the Year Ended

 

 

Income Statements: (1)

 

December 31, 2020

 

 

Revenues:

 

 

 

 

Rental revenue

 

$

13,967

 

 

Other income

 

 

276

 

 

Total revenues

 

 

14,243

 

 

Expenses:

 

 

 

 

Operating

 

 

5,853

 

 

Depreciation and amortization

 

 

690

 

 

Total expenses

 

 

6,543

 

 

Income before gain or loss on sale of real estate

 

 

7,700

 

 

Loss on sale of real estate

 

 

(12,766

)

 

Loss before income taxes

 

 

(5,066

)

 

Income tax expense

 

 

(9

)

 

Loss from discontinued operations, net

 

$

(5,075

)

 

 

 

 

 

For the Year Ended

 

 

Statements of Cash Flows: (1)

 

December 31, 2020

 

 

Cash provided by operating activities

 

$

5,522

 

 

 

 

 

 

 

Cash provided by investing activities (2)

 

$

89,206

 

 

 

 

 

 

 

Cash used in financing activities

 

$

(96,896

)

 

 

 

 

 

 

Additional Cash Flow Information:

 

 

 

 

Depreciation and amortization

 

$

690

 

 

 

 

(1)
Represents revenues, expenses, net income, and cash flow information of 1899 Pennsylvania Avenue.
(2)
Represents net proceeds from the sale of 1899 Pennsylvania Avenue.