Real Estate (Tables)

6 Months Ended

Jun. 30, 2013

Real Estate Investments, Net [Abstract]

Land and Capitalized Development Costs

As of June 30, 2013 and December 31, 2012, the land and capitalized development costs are as follows (in thousands):

	June 30, 2013		December 31, 2012
650 North Glebe	$	19,904	$	15,646
1225 First Street	21,576		19,807

Schedule of Accounts Payable and Accrued Liabilities of Joint Ventures

As of June 30, 2013 and December 31, 2012, the accounts payable and accrued liabilities related to the joint ventures are as follows (in thousands):

	June 30, 2013		December 31, 2012
650 North Glebe	$	1,089	$	115
1225 First Street	394		1,676

Schedule of Long-term Debt Instruments [Table Text Block]

On February 21, 2013, WRIT, through its consolidated joint venture to develop a mid-rise multifamily property at 650 North Glebe Road, entered into a construction loan agreement with Citizens Bank for $33.0 million. The loan bears interest at LIBOR plus 2.15%, which decreases to LIBOR plus 2.0% upon completion of construction and the joint venture not being in default. The loan matures on February 21, 2016, with two one year extension options exercisable by the joint venture, subject to fees and compliance with certain provisions in the loan agreement. As of June 30, 2013, the consolidated joint venture had $0.4 million outstanding on this construction loan agreement.

Schedule of Dispositions

We classified as held for sale or sold the following properties in 2013 and 2012:

Disposition Date	Property Name	Segment	Rentable Square Feet	Contract Purchase  Price (In thousands)
March 19, 2013	Atrium Building	Office	79,000	$	15,750
August 31, 2012	1700 Research Boulevard	Office	101,000	$	14,250
December 20, 2012	Plumtree Medical Center	Medical Office	33,000	8,750
		Total 2012	134,000	$	23,000

Operating Income (Loss) By Property Classified As Discontinued Operations

Income from operations of properties sold or held for sale by property for the three and six months ended June 30, 2013 and 2012 were as follows (in thousands):

		Three Months Ended June 30,				Six Months Ended June 30,
Property	Segment	2013		2012		2013		2012
1700 Research Boulevard	Office	$	—	$	74	—		118
Atrium Building	Office	—		225		185		514
Plumtree Medical Center	Medical Office	—		15		—		29
		$	—	$	314	$	185	$	661