Disposition of Assets and Other Transactions

9 Months Ended

Nov. 30, 2013

Other Income and Expenses [Abstract]

Disposition of Assets and Other Transactions

Note 10–Disposition of Assets and Other Transactions

During April 2013, the Company sold its Southfield, MI property, including the building of 60,000 square feet, on an “as-is” basis. The net proceeds from the sale were approximately $2.5 million.

During July 2013, the Company sold its Marietta, GA property, including the building of 77,000 square feet, on an “as-is” basis. The net proceeds from the sale were approximately $2.9 million.

During August 2013, the Company sold its Ft. Lauderdale, FL property, including the building of 55,000 square feet, on an “as-is” basis. The net proceeds from the sale were approximately $1.9 million.

During August 2013, the Company sold its Elmsford, NY property, including the building of 59,000 square feet, on an “as-is” basis. The net proceeds from the sale were approximately $22.0 million.

During September 2013, the Company sold its Cherry Hill, NJ property including the building of 150,000 square feet, on an “as-is” basis. The net proceeds from the sale were approximately $4.5 million.