Real Estate (Tables)

3 Months Ended

Mar. 31, 2017

Real Estate [Abstract]

Schedule of assets in joint venture

As of March 31, 2017 and December 31, 2016, The Maxwell’s assets were as follows (in thousands):

	March 31, 2017			December 31, 2016
Land	$	12,851		$	12,851
Income producing property	37,954			37,949
Accumulated depreciation and amortization	(5,127		)	(4,571		)
Other assets	622			456
	$	46,300		$	46,685

Schedule of Accounts Payable and Accrued Liabilities of Joint Ventures

As of March 31, 2017 and December 31, 2016, The Maxwell’s liabilities were as follows (in thousands):

	March 31, 2017		December 31, 2016
Mortgage notes payable (1)	$	31,798	$	31,869
Accounts payable and other liabilities	326		186
Tenant security deposits	98		99
	$	32,222	$	32,154

⁽¹⁾ The mortgage notes payable balances as of March 31, 2017 and December 31, 2016 are eliminated in consolidation due to the purchase of the loan by Washington REIT in January 2016.

Schedule of Dispositions

We did not sell or classify as held for sale any properties during the 2017 Quarter. We sold the following properties in 2016:

Disposition Date	Property Name	Segment	Rentable Square Feet	Contract Sales  Price (in thousands)		Gain on Sale (in thousands)
May 26, 2016	Dulles Station II (1)	Office	N/A	$	12,100	$	527
June 27, 2016	Maryland Office Portfolio Transaction I (2)	Office	692,000	111,500		23,585
September 22, 2016	Maryland Office Portfolio Transaction II (3)	Office	491,000	128,500		77,592
	Total 2016		1,183,000	$	252,100	$	101,704

⁽¹⁾  Land held for future development and an interest in a parking garage.

⁽²⁾  Maryland Office Portfolio Transaction I consists of 6110 Executive Boulevard, 600 Jefferson Plaza, Wayne Plaza and West Gude Drive.

⁽³⁾  Maryland Office Portfolio Transaction II consists of 51 Monroe Street and One Central Plaza.

Disposal Groups, Including Discontinued Operations

Real estate rental revenue and net income for the Maryland Office Portfolio for the three months endedMarch 31, 2017 and 2016 are as follows:

	Three Months Ended March 31,
	2017		2016
Real estate rental revenue	$	—	$	8,430
Net income	—		2,726