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Acquisitions (Details) (USD $)
3 Months Ended
Mar. 31, 2013
building
sqft
Acquired operating properties from unrelated third parties  
Rentable square feet 320,398
Purchase price $ 170,000,000 [1]
Office Properties Acquisitions [Member]
 
Acquired operating properties from unrelated third parties  
Number of buildings 2
320 & 321 Westlake Terry, Seattle WA [Member]
 
Acquired operating properties from unrelated third parties  
Date of acquisition Jan. 16, 2013 [2],[3]
Number of buildings 2 [2],[3]
Rentable square feet 320,398 [2],[3]
Occupancy as of March 31, 2013 100.00% [2],[3]
Purchase price 170,000,000 [1],[2],[3]
Assets  
Land and improvements 25,140,000
Buildings and improvements 142,021,000 [4]
Deferred leasing costs and acquisition-related intangible assets 16,019,000 [5]
Total assets acquired 183,180,000
Liabilities  
Deferred revenue and acquisition-related intangible liabilities 1,570,000 [6]
Secured debt 95,496,000 [7]
Accounts payable, accrued expenses, and other liabilities 422,000
Total liabilities assumed 97,488,000
Net assets and liabilities acquired $ 85,692,000 [8]
[1] Excludes acquisition-related costs and includes assumed tenant improvements.
[2] We acquired these properties through a new special purpose entity wholly owned by the Finance Partnership.
[3] In connection with this acquisition, we assumed secured debt with an outstanding principal balance of $83.9 million that was recorded at fair value on the acquisition date, resulting in a premium of approximately $11.6 million (see Note 5).
[4] Represents buildings, building improvements and tenant improvements.
[5] Represents in-place leases (approximately $13.0 million with a weighted average amortization period of 3.9 years), above-market leases (approximately $0.3 million with a weighted average amortization period of 4.6 years), and leasing commissions (approximately $2.7 million with a weighted average amortization period of 3.0 years).
[6] Represents below-market leases (approximately $1.6 million with a weighted average amortization period of 9.2 years).
[7] Represents the mortgage loan, which includes an unamortized premium of approximately $11.6 million at the date of acquisition, assumed in connection with the properties acquired in January 2013 (see Note 5).
[8] Reflects the purchase price net of assumed secured debt and other lease-related obligations.