Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2012

Disposition and properties held for sale

All current and prior period income from the following office property dispositions are included in discontinued operations for the years ended December 31, 2012, 2011 and 2010 (in thousands).

Office Property	Location	Square Feet		Date of Sale	Net Sales Price		Net Book Value of Real Estate		Gain on Sale			Impairment Loss
One Park Ten	Houston, TX		163	04/15/2010	$	14,924	$	6,406	$	8,518		$	-
2010 Dispositions			163		$	14,924	$	6,406	$	8,518		$	-
													-
233 North Michigan	Chicago, IL		1,070	05/11/2011	$	156,546	$	152,254	$	4,292		$	-
Greenbrier I & II	Hampton Roads, VA		172	07/19/2011		16,275		15,070		1,205			-
Glen Forest	Richmond, VA		81	08/16/2011		8,950		7,880		1,070			-
Tower at 1301 Gervais (1)	Columbia, SC		298	09/08/2011		18,421		18,421		-			6,147
Wells Fargo	Houston, TX		134	12/09/2011		-		-		-			11,561
Fund I Assets	Various		1,956	12/31/2011		255,725		244,467		11,258			68,513
2011 Dispositions			3,711		$	455,917	$	438,092	$	17,825		$	86,221

Falls Pointe	Atlanta, GA		107	01/06/2012	$	5,824	$	4,467	$	1,357		$	-
111 East Wacker	Chicago, IL		1,013	01/09/2012		153,240		153,237		3			19,050
Renaissance Center	Memphis, TN		189	03/01/2012		27,661		24,629		3,032			9,200
Non-Core Assets (2)	Various		1,932	Various		125,486		122,157		3,329			51,889
Overlook II	Atlanta, GA		260	04/30/2012		29,467		28,689		778			10,500
Wink	New Orleans, LA		32	06/08/2012		705		803		(98	)		-
Ashford Center/ Peachtree Ridge	Atlanta, GA		321	07/01/2012		29,440		28,148		1,292			17,200
Sugar Grove	Houston, TX		124	10/23/2012		10,303		7,057		3,246			-
2012 Dispositions			3,978		$	382,126	$	369,187	$	12,939		$	107,839

(1)	During 2010 and 2011, the Company recognized non-cash impairment losses on this property of $3.4 million and $2.7 million, respectively.
(2)	During 2010 and 2011, the Company recognized non-cash impairment losses associated with these properties of $640,000 and $51.2 million, respectively.

The amount of revenues and expenses for these office properties reported in discontinued operations for the years ended December 31, 2012, 2011 and 2010 is as follows (in thousands):

	Year Ended December 31
	2012			2011			2010
Statement of Operations:
Revenues
Income from office and parking properties	$	13,752		$	135,964		$	162,057
		13,752			135,964			162,057
Expenses
Office and parking properties:
Operating expenses		6,525			61,424			69,930
Management company expense		350			288			380
Interest expense		5,199			29,794			34,693
Gain on extinguishment of debt		(1,494	)		(7,635	)		-
Non-cash expense on interest rate swap		(215	)		2,338			-
Depreciation and amortization		933			54,628			63,815
Impairment loss		-			189,940			4,120
		11,298			330,777			172,938

Income (loss) from discontinued operations		2,454			(194,813	)		(10,881	)
Gain on sale of real estate from discontinued operations		12,939			17,825			8,518
Total discontinued operations per Statement of Operations		15,393			(176,988	)		(2,363	)
Net income (loss) attributable to noncontrolling interest from discontinued operations		(4,184	)		75,836			7,221
Total discontinued operations – Parkway's Share	$	11,209		$	(101,152	)	$	4,858

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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