Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Disposal Groups, Including Discontinued Operations, Results Of Operations

Piedmont has classified the results of operations related to the following properties as discontinued operations (in thousands):



Building Sold		Location	Date of Sale	Gain/(Loss) on Sale			Net Sales Proceeds
Eastpointe Corporate Center		Issaquah, Washington	July 1, 2011	$	12,152		$	31,704
5000 Corporate Court		Holtsville, New York	August 31, 2011	$	14,367		$	36,100
35 West Wacker Drive	⁽¹⁾	Chicago, Illinois	December 15, 2011	$	96,138		$	223,981
Portland Portfolio	⁽²⁾	Beaverton, Oregon	March 19, 2012	$	17,823		$	43,832
26200 Enterprise Way		Lake Forest, California	May 31, 2012	$	10,013		$	24,412
110 & 112 Hidden Lake Circle Buildings		Duncan, South Carolina	September 21, 2012	$	(259	)	$	25,595
1111 Durham Avenue		South Plainfield, New Jersey	March 28, 2013	$	(9	)	$	3,752
1200 Enclave Parkway		Houston, Texas	May 1, 2013	$	16,246		$	45,552
350 Spectrum Loop		Colorado Springs, Colorado	November 1, 2013	$	7,959		$	29,676
8700 South Price Road		Tempe, Arizona	December 30, 2013	$	7,096		$	16,691


⁽¹⁾	Piedmont sold its approximate 96.5% ownership in the property. Transaction data above is presented at Piedmont's ownership percentage.


⁽²⁾	The Portland Portfolio consisted of four office properties known as the Deschutes building, the Rhein building, the Rogue building, and the Willamette building, as well as 18.19 acres of adjoining, undeveloped land.

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

The details comprising income from discontinued operations are presented below (in thousands):



	Years Ended December 31,
	2013			2012		2011
Revenues:
Rental income	$	4,678		$	13,215	$	45,306
Tenant reimbursements	757			1,528		20,632
	5,435			14,743		65,938
Expenses:
Property operating costs	1,900			5,216		26,243
Depreciation	1,004			3,291		9,044
Amortization	209			690		5,995
General and administrative	2			45		(168		)
	3,115			9,242		41,114
Other income (expense):
Interest expense	—			—		(5,931		)
Interest income and other income/(expense)	26			—		(91		)
Net casualty recoveries	17			—		—
Net loss attributable to noncontrolling interest	—			—		(453		)
	43			—		(6,475		)
Operating income, excluding impairment loss and gain on sale of real estate assets	2,363			5,501		18,349
Impairment loss	(6,402		)	—		—
Gain on sale of real estate assets	31,292			27,577		122,657
Income from discontinued operations	$	27,253		$	33,078	$	141,006

- 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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