Real Estate Investments (Tables)

3 Months Ended

Mar. 31, 2020

Real Estate [Abstract]

Gross Carrying Value of Operating Properties

As of March 31, 2020 and December 31, 2019, the gross carrying value of the operating properties was as follows (in thousands):

	March 31, 2020		December 31, 2019
Land	$	485,420	$	489,702
Building and improvements	3,044,461		3,049,395
Tenant improvements	474,237		467,362
Total	$	4,004,118	$	4,006,459

Summary of Properties Acquired

The following table summarizes the property acquisitions during the three months ended March 31, 2020 (dollars in thousands):

Property/Portfolio Name	Acquisition Date	Location	Property Type	Rentable Square Feet/Acres	Purchase Price
145 King of Prussia Road	February 27, 2020	Radnor, PA	Land	7.75 acres	$	11,250

Summary of Properties Sold

The following table summarizes the property dispositions during the three months ended March 31, 2020 (dollars in thousands):

Property/Portfolio Name	Disposition Date	Location	Property Type	Rentable Square Feet/Acres	Sales Price		Gain/(Loss) on Sale (a)
52 East Swedesford Road	March 19, 2020	Malvern, PA	Office	131,077	$	18,000	$	2,336

(a)

Gain/(Loss) on Sale is net of closing and other transaction related costs.