Discontinued Operations

3 Months Ended

Mar. 31, 2021

Discontinued Operations And Disposal Groups [Abstract]

Discontinued Operations Disclosure Text Block

3. Discontinued Operations

Over the past three years, we sold the remaining assets in our Washington, D.C. portfolio, thereby exiting the Washington, D.C. office market. These dispositions represented a strategic shift in our operations and met the criteria for classifying our Washington, D.C. segment as “discontinued operations,” in accordance with ASC Topic 205, Presentation of Financial Statements. Accordingly, effective March 31, 2020, we had reclassified the results of operations of our Washington, D.C. segment as discontinued operations.

The tables below set forth the details of the results of operations and the details of the cash flows related to discontinued operations for the three months ended March 31, 2020.

	For the Three
(Amounts in thousands)	Months Ended
Income Statement: (1)	March 31, 2020
Revenues:
Rental revenue	$	3,563
Other income		99
Total revenues		3,662
Expenses:
Operating		1,451
Depreciation and amortization		690
Total expenses		2,141
Income from discontinued operations, net	$	1,521

	For the Three
(Amounts in thousands)	Months Ended
Statement of Cash Flows: (1)	March 31, 2020
Cash used in operating activities	$	(2,448	)
Additional Cash Flow information:
Depreciation and amortization	$	690

⁽¹⁾ Represents revenues, expenses, net income and cash flow information of 1899 Pennsylvania Avenue, which was sold on December 24, 2020.