Basis of Presentation (Tables)

6 Months Ended

Jun. 30, 2018

Accounting Policies [Abstract]

Summary of Revenue Earned by Reportable Segments

The following is a summary of revenue earned by the Company’s reportable segments (see Note 12, “Segment Information,” for further information) during the three- and six-month periods ended June 30, 2018 (in thousands):

	Three-month period ended
	June 30, 2018
	Philadelphia CBD		Pennsylvania Suburbs		Metropolitan Washington, D.C.			Austin, Texas			Other		Corporate			Total
Base rent	$	40,476	$	29,919	$	20,861		$	4,949		$	2,109	$	(486	)	$	97,828
Straight-line rent		2,943		507		(361	)		(49	)		106		(120	)		3,026
Point of sale		6,280		80		256			129			58		-			6,803
Total rents		49,699		30,506		20,756			5,029			2,273		(606	)		107,657
Tenant reimbursements		12,132		3,170		857			1,991			661		(123	)		18,688
Termination fees		108		405		69			-			-		-			582
Third party management fees, labor reimbursement and leasing		217		4		1,386			1,431			404		1,471			4,913
Other income		1,368		248		131			18			1		180			1,946
Total revenue	$	63,524	$	34,333	$	23,199		$	8,469		$	3,339	$	922		$	133,786

	Six-month period ended
	June 30, 2018
	Philadelphia CBD		Pennsylvania Suburbs		Metropolitan Washington, D.C.			Austin, Texas		Other		Corporate			Total
Base rent	$	79,651	$	59,813	$	40,940		$	9,434	$	4,305	$	(972	)	$	193,171
Straight-line rent		7,282		1,006		(153	)		207		124		(235	)		8,231
Point of sale		11,621		128		496			251		119		-			12,615
Total rents		98,554		60,947		41,283			9,892		4,548		(1,207	)		214,017
Tenant reimbursements		24,498		7,091		1,785			3,972		1,426		(235	)		38,537
Termination fees		155		839		138			-		-		-			1,132
Third party management fees, labor reimbursement and leasing		429		12		2,851			2,932		3,499		2,864			12,587
Other income		2,490		326		201			37		7		810			3,871
Total revenue	$	126,126	$	69,215	$	46,258		$	16,833	$	9,480	$	2,232		$	270,144

Summary of Gain on Sale for Each Land Parcel

The following table details the gain on sale for each land parcel, as of June 30, 2018 (dollars, in thousands):

Disposition Date	Property/Portfolio Name	Location	Number of Parcels		Acres		Sales Price		Net Proceeds on Sale		Gain on Sale
March 16, 2018	Garza Ranch - Office	Austin, TX		1		6.6	$	14,571	$	14,509	$	1,424
April 28, 2017	Garza Ranch - Multifamily	Austin, TX		1		8.4		11,800		11,560		1,233
January 30, 2017	Garza Ranch - Hotel	Austin, TX		1		1.7		3,500		3,277		180
Total Dispositions				3		16.7	$	29,871	$	29,346	$	2,837