Dispositions and Assets Held for Sale (Tables)

3 Months Ended

Mar. 31, 2022

Dispositions And Assets Held for Sale

Summary of disposition activity

								Loss on
				Gross		Cash		the Sale
				Sales		Proceeds		of Real
Date Disposed	Assets	Segment	Location	Price		from Sale		Estate
March 28, 2022	Development Parcel	Other	Arlington, Virginia	$	3,250	$	3,149	$	(136)

Summary of assets held for sale

						Liabilities Related
			Total	Assets Held		to Assets Held
Assets	Segment	Location	Square Feet	for Sale (1)		for Sale (2)
			(In thousands)
March 31, 2022
Pen Place (3)	Other	Arlington, Virginia	2,082	$	73,876	$	298
Universal Buildings (4)	Commercial	Washington, D.C.	659		168,599		15,854
7200 Wisconsin Avenue (4)	Commercial	Bethesda, Maryland	271		113,471		1,471
1730 M Street (4)	Commercial	Washington, D.C.	205		77,284		89,515
RTC-West (4) (5)	Commercial / Other	Reston, Virginia	1,835		191,774		121,206
Courthouse Plaza 1 and 2 (4)	Commercial	Arlington, Virginia	633		266,746		139,662
			5,685	$	891,750	$	368,006
December 31, 2021
Pen Place (3)	Other	Arlington, Virginia	2,082	$	73,876	$	—

(1) Includes $180.5 million of finance lease right-of-use assets related to ground leases at 1730 M Street and Courthouse Plaza 1 and 2. The remaining assets primarily represent the carrying value of real estate.

(2) Includes $164.8 million of mortgages payable related to 1730 M Street and RTC-West, which were repaid in April 2022, and $163.5 million of liabilities related to finance lease right-of-use assets related to 1730 M Street and Courthouse Plaza 1 and 2.

(3) Under contract for sale to Amazon for $198.0 million, which we expect to close during the second quarter of 2022. Total square feet represent estimated or approved potential development density.

(4) These assets were disposed of or recapitalized in April 2022.

(5) Total square feet include 1.4 million square feet of estimated potential development density.