Real Estate Activity During the Three Months Ended march 31, 2014

3 Months Ended

Mar. 31, 2014

Real Estate [Abstract]

Real Estate Activity During the Nine Months Ended September 30, 2013

Real Estate Activity During the Three Months Ended March 31, 2014

Developments

On February 10, 2014, the Company completed and fully placed in-service The Avant at Reston Town Center development project comprised of 359 apartment units and retail space aggregating approximately 355,000 square feet located in Reston, Virginia.

Dispositions

The Company did not have any dispositions during the three months ended March 31, 2014. The following table summarizes the income from discontinued operations for the three months ended March 31, 2013 related to One Preserve Parkway, 10 & 20 Burlington Mall Road, 1301 New York Avenue, Montvale Center and 303 Almaden Boulevard and the related gain on forgiveness of debt and impairment loss:

	For the three months ended March 31,
	2013
	(in thousands)
Total revenue	$	7,035
Expenses
Operating	2,443
Depreciation and amortization	1,738
Total expenses	4,181
Operating income	2,854
Other expense
Interest expense	360
Income from discontinued operations	$	2,494
Noncontrolling interest in income from discontinued operations – common units of the Operating Partnership	(253		)
Income from discontinued operations attributable to Boston Properties, Inc.	$	2,241
Gain on forgiveness of debt from discontinued operations	$	20,182
Impairment loss from discontinued operations	(3,241		)
Noncontrolling interest in gain on forgiveness of debt and impairment loss from discontinued operations – common units of the Operating Partnership	(1,813		)
Gain on forgiveness of debt and impairment loss from discontinued operations attributable to Boston Properties, Inc.	$	15,128