Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Property Sold During The Period

The following table summarizes the properties sold during the three months ended March 31, 2014:

Location

City/Submarket

Property Type

Month of Disposition

Number of Buildings

Rentable Square Feet

San Diego Properties, San Diego, CA ⁽¹⁾⁽²⁾

I-15 Corridor/Sorrento Mesa

Office

January

1,049,035

________________________


(1)	The San Diego Properties included the following: 10020 Pacific Mesa Boulevard, 6055 Lusk Avenue, 5010 and 5005 Wateridge Vista Drive, 15435 and 15445 Innovation Drive, and 15051, 15073, 15231, 15253, 15333 and 15378 Avenue of Science.


(2)	These properties were held for sale as of December 31, 2013.

Assets Held-for-sale

The major classes of assets and liabilities of the properties held for sale as of March 31, 2014 were as follows:



Real estate assets and other assets held for sale	(in thousands)
Undeveloped land and construction in progress	$	28,030
Prepaid expenses and other assets, net	242
Real estate and other assets held for sale, net	$	28,272

Liabilities of real estate assets held for sale
Accounts payable, accrued expenses and other liabilities	$	634
Liabilities of real estate assets held for sale	$	634

As of March 31, 2014, the following undeveloped land parcel was classified as held for sale:



Location	City/Submarket	Property Type
10850 Via Frontera, San Diego, CA	I-15 Corridor/Rancho Bernardo	Undeveloped Land

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

The following table summarizes the revenue and expense components that comprise income from discontinued operations for the three months ended March 31, 2014 and 2013:



	Three Months Ended March 31,
	2014		2013
	(in thousands)
Revenues:
Rental income	$	458	$	5,773
Tenant reimbursements	66		757
Other property income	9		3
Total revenues	533		6,533
Expenses:
Property expenses	87		968
Real estate taxes	69		673
Depreciation and amortization	—		2,690
Total expenses	156		4,331
Income from discontinued operations before net gain on dispositions of discontinued operations	377		2,202
Net gain on dispositions of discontinued operations	90,115		—
Total income from discontinued operations	$	90,492	$	2,202

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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