Dispositions and Assets Held for Sale

6 Months Ended

Jun. 30, 2022

Dispositions And Assets Held for Sale

Dispositions and Assets Held for Sale

3.Dispositions and Assets Held for Sale

Dispositions

The following is a summary of activity for the six months ended June 30, 2022:

									Gain (Loss)
				Total	Gross		Cash		on the Sale
				Square	Sales		Proceeds		of Real
Date Disposed	Assets	Segment	Location	Feet	Price		from Sale		Estate
				(In thousands)
March 28, 2022	Development Parcel	Other	Arlington, Virginia	—	$	3,250	$	3,149	$	(136)
April 1, 2022	Universal Buildings (1)	Commercial	Washington, D.C.	659		228,000		194,737		41,245
April 13, 2022	7200 Wisconsin Avenue, 1730 M Street, RTC-West and Courthouse Plaza 1 and 2 (2)	Commercial/ Other	Bethesda, Maryland, Washington, D.C., Reston, Virginia, Arlington, Virginia	2,944		580,000		527,694		(3,980)
May 25, 2022	Pen Place (3)	Other	Arlington, Virginia	2,082		198,000		197,528		121,502
				5,685	$	1,009,250	$	923,108	$	158,631

(1) Cash proceeds from sale excludes a lease termination fee of $24.3 million received during the first quarter of 2022.

(2) Assets were sold to an unconsolidated real estate venture. See Note 4 for additional information. "RTC-West" refers to RTC-West, RTC-West Trophy Office and RTC-West Land. Total square feet include 1.4 million square feet of estimated potential development density. In April 2022, $164.8 million of mortgages payable related to 1730 M Street and RTC-West were repaid.

(3) Total square feet represent estimated or approved potential development density.

During the six months ended June 30, 2022, our unconsolidated real estate ventures sold several assets. See Note 4 for additional information.

Assets Held for Sale

There were no assets held for sale as of June 30, 2022. The following is a summary of assets held for sale as of December 31, 2021:

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

(1) Sold to Amazon in May 2022. Total square feet represent estimated or approved potential development density.