Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2023

Acquisitions and Dispositions

Summary of disposition activity

							Gain (Loss)
			Gross		Cash		on the Sale
			Sales		Proceeds		of Real
Date Disposed	Assets	Segment	Price		from Sale		Estate
			(In thousands)
Year Ended December 31, 2023
March 17, 2023	Development Parcel	Other	$	5,500	$	4,954	$	(53)
March 23, 2023	4747 Bethesda Avenue (1)	Commercial						40,053
September 20, 2023	Falkland Chase-South & West and Falkland Chase-North	Multifamily		95,000		93,094		1,208
October 4, 2023	5 M Street Southwest	Other		29,500		28,585		430
November 30, 2023	Crystal City Marriott	Commercial		80,000		79,563		37,051
December 5, 2023	Capitol Point-North-75 New York Avenue	Other		11,516		11,285		(23)
	Other (2)							669
							$	79,335
Year Ended December 31, 2022
March 28, 2022	Development Parcel	Other	$	3,250	$	3,149	$	(136)
April 1, 2022	Universal Buildings (3)	Commercial		228,000		194,737		41,245
April 13, 2022	7200 Wisconsin Avenue, 1730 M Street, RTC-West and Courthouse Plaza 1 and 2 (4)	Commercial/ Other		580,000		527,694		(4,047)
May 25, 2022	Pen Place	Other		198,000		197,528		121,502
December 23, 2022	Land Option	Other		6,150		5,800		3,330
							$	161,894

(1) We sold an 80.0% interest in the asset for a gross sales price of $196.0 million, representing a gross valuation of $245.0 million. See Note 5 for additional information.

(2) Related to prior period dispositions.

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

(4) Assets were sold to an unconsolidated real estate venture. See Note 5 for additional information. "RTC-West" refers to RTC-West, RTC-West Trophy Office and RTC-West Land. In April 2022, $164.8 million of mortgage loans related to 1730 M Street and RTC-West were repaid.