XML 44 R53.htm IDEA: XBRL DOCUMENT v3.2.0.727
Segment Information Summary of Net Operating Income (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Segment Reporting Information [Line Items]        
Total revenue $ 145,648 $ 150,500 $ 296,054 $ 302,614
Operating Segments [Member]        
Segment Reporting Information [Line Items]        
Total revenue 145,648 150,500 296,054 302,614
Operating expenses [1] (56,349) (57,707) (117,047) (119,681)
Net operating income (loss) 89,299 92,793 179,007 182,933
Operating Segments [Member] | Philadelphia CBD [Member]        
Segment Reporting Information [Line Items]        
Total revenue 52,420 51,420 105,393 100,834
Operating expenses [1] (19,448) (18,789) (37,838) (37,231)
Net operating income (loss) 32,972 32,631 67,555 63,603
Operating Segments [Member] | Pennsylvania [Member]        
Segment Reporting Information [Line Items]        
Total revenue 39,010 40,743 78,900 81,317
Operating expenses [1] (12,856) (13,742) (27,441) (28,431)
Net operating income (loss) 26,154 27,001 51,459 52,886
Operating Segments [Member] | Metropolitan Dc [Member]        
Segment Reporting Information [Line Items]        
Total revenue 26,953 28,949 54,359 59,639
Operating expenses [1] (10,544) (10,505) (22,404) (22,462)
Net operating income (loss) 16,409 18,444 31,955 37,177
Operating Segments [Member] | New Jersey/ Delaware [Member]        
Segment Reporting Information [Line Items]        
Total revenue 11,727 14,841 25,226 30,466
Operating expenses [1] (6,203) (7,531) (14,071) (16,223)
Net operating income (loss) 5,524 7,310 11,155 14,243
Operating Segments [Member] | Richmond, Virginia [Member]        
Segment Reporting Information [Line Items]        
Total revenue 8,956 8,322 18,251 17,189
Operating expenses [1] (3,632) (3,566) (7,904) (7,906)
Net operating income (loss) 5,324 4,756 10,347 9,283
Operating Segments [Member] | California        
Segment Reporting Information [Line Items]        
Total revenue 3,391 4,895 8,376 9,497
Operating expenses [1] (1,572) (2,515) (4,010) (4,923)
Net operating income (loss) 1,819 2,380 4,366 4,574
Operating Segments [Member] | Austin, Texas [Member]        
Segment Reporting Information [Line Items]        
Total revenue 2,533 [2] 976 [2] 3,467 [1] 3,057 [1]
Operating expenses [1] (1,498) [2] (617) [2] (2,369) (1,793)
Net operating income (loss) 1,035 [2] 359 [2] 1,098 [1] 1,264 [1]
Operating Segments [Member] | Corporate Segment [Member]        
Segment Reporting Information [Line Items]        
Total revenue 658 354 2,082 615
Operating expenses [1] (596) (442) (1,010) (712)
Net operating income (loss) $ 62 $ (88) $ 1,072 $ (97)
[1] Includes property operating expense, real estate taxes and third party management expense.
[2] On June 22, 2015 the Company acquired the remaining 50.0% of the common interest in Broadmoor Austin Associates. See Note 3, "Real Estate Investments," for further information regarding this transaction. On April 3, 2014, the Company contributed Four Points Centre to an unconsolidated real estate venture. See Note 3, "Real Estate Investments," in notes to the audited financial statements included in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2014.