Dispositions

3 Months Ended

Mar. 31, 2017

Assets Of Disposal Group Including Discontinued Operation [Abstract]

Dispositions

3. Dispositions

Waterview

On January 12, 2017, we entered into an agreement to sell Waterview, a 636,768 square foot Class A office building in Rosslyn, Virginia, for $460,000,000. In accordance with provisions of ASC 360, Property, Plant and Equipment, we reclassified the assets of Waterview, which is in our Washington, D.C. segment, to “assets held for sale”.  The following table provides the details of the assets classified as held for sale.

(Amounts in thousands)	As of March 31, 2017		As of December 31, 2016
Land	$	78,300	$	78,300
Building and improvements, net		251,671		251,671
Deferred charges		14,512		14,512
Deferred rent receivable		2,202		2,202
Assets held for sale	$	346,685	$	346,685

On May 3, 2017, we completed the sale of Waterview and realized net proceeds of approximately $457,000,000. The sale resulted in a net gain of approximately $110,000,000, which will be recognized in the second quarter of 2017.