Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

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 and nine months ended September 30, 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	1/6/2012	$	5,824	$	4,467	$	1,357
111 East Wacker	Chicago, IL	1,013	1/9/2012	153,240		153,237		3
Renaissance Center	Memphis, TN	189	3/1/2012	27,661		24,629		3,032
Overlook II	Atlanta, GA	260	4/30/2012	29,467		28,689		778
Wink Building	New Orleans, LA	32	6/8/2012	705		803		(98		)
Ashford/Peachtree	Atlanta, GA	321	7/1/2012	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 Dispositions (2):
Atrium at Stoneridge	Columbia, SC	108	3/20/2013	$	2,966	$	2,424	$	542
Waterstone	Atlanta, GA	93	7/10/2013	3,247		3,207		40
Meridian	Atlanta, GA	97	7/10/2013	6,615		6,560		55
Bank of America Plaza	Nashville, TN	436	7/17/2013	41,093		29,643		11,450
		734		$	53,921	$	41,834	$	12,087

(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 the Company's proportionate share.

(2) Total gain on the sale of real estate in discontinued operations recognized during the nine months ended September 30, 2013 was $12.1 million.

The amount of revenues and expenses for the office properties reported in discontinued operations for the three months and nine months ended September 30, 2013 and 2012 is as follows (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Statement of Operations:
Revenues
Income from office and parking properties	$	464		$	3,375		$	5,340		$	21,544
	464			3,375			5,340			21,544
Expenses
Office and parking properties:
Operating expense	235			1,808			2,544			9,987
Management company expense	(41		)	53			(39		)	291
Interest expense	—			468			—			4,009
Impairment loss	—			—			4,600			—
Depreciation and amortization	65			908			1,557			3,438
	259			3,237			8,662			17,725
Operating income (loss) from discontinued operations	205			138			(3,322		)	3,819
Equity in loss of unconsolidated joint ventures	—			—			—			(19		)
Income (loss) from discontinued operations	205			138			(3,322		)	3,800
Gain on sale of real estate from discontinued operations	11,545			995			12,087			9,767
Total discontinued operations per Statement of Operations	11,750			1,133			8,765			13,567
Net income attributable to noncontrolling     interest from discontinued operations	(37		)	(545		)	(66		)	(4,219		)
Total discontinued operations-Parkway's share	$	11,713		$	588		$	8,699		$	9,348