Property Dispositions and Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Disclosure of Long Lived Assets Held-for-sale

The detail comprising assets held for sale, consisting solely of the 3900 Dallas Parkway building, is presented below (in thousands):

	December 31, 2014		December 31, 2013
Real estate assets held for sale, net:
Land	$	1,517	$	1,517
Building and improvements, less accumulated depreciation of $10,342 and $9,499 as of December 31, 2014 and December 31, 2013, respectively	13,027		13,870
Total real estate assets held for sale, net	$	14,544	$	15,387
Other assets held for sale, net:
Straight-line rent receivables	$	768	$	1,247
Deferred lease costs, less accumulated amortization of $1,552 and $1,355 as of December 31, 2014 and December 31, 2013, respectively	496		783
Total other assets held for sale, net	$	1,264	$	2,030

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

Asset disposals previously classified as, and that continue to be reported as, discontinued operations for the years ended December 31, 2014, 2013, and 2012 are as follows (in thousands):

Building Sold		Location	Date of Sale	Gain/(Loss) on Sale			Net Sales Proceeds
Portland Portfolio	(1)	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	$	7,087		$	16,682
11107 and 11109 Sunset Hills Road		Reston, Virginia	March 19, 2014	$	(102	)	$	22,326
1441 West Long Lake Road		Troy, Michigan	April 30, 2014	$	562		$	7,202
4685 Investment Drive		Troy, Michigan	April 30, 2014	$	747		$	11,198

⁽¹⁾  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

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

	Years Ended December 31,
	2014			2013			2012
Revenues:
Rental income	$	1,365		$	9,260		$	17,345
Tenant reimbursements	125			1,069			1,739
Property management fee revenue	1			—			—
	1,491			10,329			19,084
Expenses:
Property operating costs	225			4,100			7,307
Depreciation	83			2,585			4,690
Amortization	223			770			935
General and administrative	—			4			44
	531			7,459			12,976
Other income (expense):
Other income/(expense)	(6		)	10			—
Net casualty recoveries	—			17			—
	(6		)	27			—
Operating income, excluding impairment loss and gain on sale of real estate assets	954			2,897			6,108
Impairment loss	—			(7,644		)	—
Gain on sale of real estate assets	1,198			31,292			27,577
Income from discontinued operations	$	2,152		$	26,545		$	33,685