Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2013

Disposition and properties held for sale

All current and prior period income from the following office property dispositions and properties held for sale is included in discontinued operations for the three months ended March 31, 2013 and 2012 (in thousands).

Office Property	Location	Square Feet		Date of Sale	Net Sales Price		Net Book Value of Real Estate		Gain (Loss) on Sale
2012 Dispositions (1):
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
Renaissance Center	Memphis, TN		189	03/01/2012		27,661		24,629		3,032
Overlook II	Atlanta, GA		260	04/30/2012		29,467		28,689		778
Wink Building	New Orleans, LA		32	06/08/2012		705		803		(98	)
Ashford/Peachtree	Atlanta, GA		321	07/01/2012		29,440		28,148		1,292
Non-Core Assets	Various		1,932	Various		125,486		122,157		3,329
Sugar Grove	Houston, TX		124	10/23/2012		10,303		7,057		3,246
			3,978		$	382,126	$	369,187	$	12,939

2013 Disposition (2):
Atrium at Stoneridge	Columbia, SC		108	03/20/2013	$	2,966	$	2,424	$	542
			108		$	2,966	$	2,424	$	542

(1) Total gain on the sale of real estate in discontinued operations recognized for the year ended December 31, 2012 was $12.9 million, of which $8.1 million was our proportionate share.

(2) Total gain on the sale of real estate in discontinued operations recognized during the three months ended March 31, 2013 was $542,000.

The amount of revenues and expenses for the office properties reported in discontinued operations for the three months ended March 31, 2013 and 2012 is as follows (in thousands):

	Three Months Ended March 31
		2013			2012
Statement of Operations:
Revenues
Income from office and parking properties		$	(50	)	$	10,065
			(50	)		10,065

Expenses
Office and parking properties:
Operating expense			244			4,233
Management company expense			8			152
Interest expense			-			1,791
Non-cash adjustment for interest rate swap			-			(138	)
Depreciation and amortization			45			736
			297			6,774

Income (loss) from discontinued operations			(347	)		3,291
Gain on sale of real estate from discontinued operations			542			5,575
Total discontinued operations per Statement of Operations			195			8,866
Net (income) loss attributable to noncontrolling interest from discontinued operations			13			(3,355	)
Total discontinued operations-Parkway's share		$	208		$	5,511

- 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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