Dispositions and Assets Held for Sale

6 Months Ended

Jun. 30, 2021

Dispositions and Assets Held for Sale

Dispositions and Assets Held for Sale

3.Dispositions and Assets Held for Sale

Dispositions

In April 2021, we invested cash in and contributed land to two real estate ventures and recognized an $11.3 million gain, which is included in "Gain on sale of real estate" in our statements of operations for the three and six months ended June 30, 2021. See Note 4 for additional information.

In May 2021, we recognized an aggregate gain of $5.2 million from the sale of various assets by our unconsolidated real estate ventures, which is included in "Income (loss) from unconsolidated real estate ventures, net" in our statements of operations for the three and six months ended June 30, 2021. See Note 4 for additional information.

Assets Held for Sale

The amounts included in "Assets held for sale" in our balance sheets primarily represent the carrying value of real estate. The following is a summary of assets held for sale:

			Total	Assets Held
Assets	Segment	Location	Square Feet (1)	for Sale
			(In thousands)
June 30, 2021
Pen Place (2)	Other	Arlington, Virginia	2,082	$	73,876
December 31, 2020
Pen Place (2)	Other	Arlington, Virginia	2,082	$	73,876

(1) Represents estimated or approved potential development density.

(2) In March 2019, we entered into an agreement for the sale of Pen Place to Amazon, which we expect to close in late 2021.