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Tax Credit Transactions Tax Credit Transactions (Details) (USD $)
3 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Mar. 31, 2013
Historic Tax Credit Transaction [Member]
Mar. 31, 2012
Historic Tax Credit Transaction [Member]
Dec. 31, 2012
Historic Tax Credit Transaction [Member]
Nov. 17, 2008
Historic Tax Credit Transaction [Member]
sqft
Mar. 31, 2013
New Markets Tax Credit Transaction [Member]
Mar. 31, 2013
U S B [Member]
Historic Tax Credit Transaction [Member]
Dec. 31, 2012
U S B [Member]
Historic Tax Credit Transaction [Member]
Aug. 27, 2010
U S B [Member]
Historic Tax Credit Transaction [Member]
Dec. 31, 2012
U S B [Member]
New Markets Tax Credit Transaction [Member]
Tax Credit Carryforward [Line Items]                      
Tax Credit Carryforward, Description             100% recapture for a period of seven years as provided in the Internal Revenue Code        
Area Of Irs Campus Building           862,692          
Percentage Of Building Leased To Irs           100.00%          
Agreed contribution in project cost                   $ 64,100,000  
Percentage Of Tax Credit Recapture     20.00%       100.00%        
Deferred Revenue             13,300,000 39,100,000 39,100,000   13,300,000
Contribution allocated in non controlling interest     2,600,000   2,600,000            
Recognition Of Cash Received As Revenue Net Of Allocated Expenses     over the five year credit recapture period as defined in the Internal Revenue Code                
Accretion Of Non Controlling Interest Liability     400,000 400,000              
Expected benefit from qualified program             7,800,000        
Percentage Of Qualified Investments             39.00%        
Deferred costs, net $ 119,378,000 $ 122,243,000 $ 1,600,000   $ 1,600,000   $ 5,300,000       $ 5,300,000
Rate Of Return On Noncontrolling Interest         2.00%            
Limit on tax credit claims under the Community Renewal Tax Relief             up to 39% of qualified investments in qualified, active low-income businesses or ventures        
Recognition Of Cash Received As Revenue Net Of Allocated Expenses, Period Credit Recapture in Years     5 years       7 years        
Segment Reporting Disclosure [Text Block]
SEGMENT INFORMATION
As of March 31, 2013, the Company was managing its portfolio within seven segments: (1) Pennsylvania, (2) Philadelphia Central Business District (CBD), (3) Metropolitan Washington D.C., (4) New Jersey/Delaware, (5) Richmond, Virginia, (6) Austin, Texas and (7) California. The Pennsylvania segment includes properties in Chester, Delaware, and Montgomery counties in the Philadelphia suburbs. The Philadelphia CBD segment includes properties located in the City of Philadelphia in Pennsylvania. The Metropolitan Washington, D.C. segment includes properties in Northern Virginia and southern Maryland. The New Jersey/Delaware segment includes properties in Burlington, Camden and Mercer counties in New Jersey and in New Castle county in the state of Delaware. The Richmond, Virginia segment includes properties primarily in Albemarle, Chesterfield, Goochland and Henrico counties and one property in Durham, North Carolina. The Austin, Texas segment includes properties in Austin. The California segment includes properties in Oakland, Concord, Carlsbad and Rancho Bernardo. The corporate group is responsible for cash and investment management, development of certain real estate properties during the construction period, and certain other general support functions. Land held for development and construction in progress are transferred to operating properties by region upon completion of the associated construction or project.
Segment information is as follows (in thousands):
 
Pennsylvania
Suburbs
 
Philadelphia
CBD
 
Metropolitan, D.C.
 
New Jersey/Delaware
 
Richmond,
Virginia
 
Austin, Texas
 
California
 
Corporate
 
Total
As of March 31, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate investments, at cost:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating properties
$
1,179,683

 
$
994,939

 
$
1,197,904

 
$
414,485

 
$
310,621

 
$
285,540

 
$
224,718

 
$

 
$
4,607,890

Construction-in-progress
 
 
 
 
 
 
 
 
 
 
 
 
 
 
53,468

 
53,468

Land inventory
 
 
 
 
 
 
 
 
 
 
 
 
 
 
92,776

 
92,776

As of December 31, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate investments, at cost:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating properties
$
1,178,730

 
$
988,590

 
$
1,193,200

 
$
546,644

 
$
309,923

 
$
285,346

 
$
223,736

 
$

 
$
4,726,169

Construction-in-progress
 
 
 
 
 
 
 
 
 
 
 
 
 
 
48,950

 
48,950

Land inventory
 
 
 
 
 
 
 
 
 
 
 
 
 
 
102,439

 
102,439

For the three-months ended March 31, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total revenue
$
38,187

 
$
35,925

 
$
27,785

 
$
15,602

 
$
8,765

 
$
9,257

 
$
5,389

 
$
(302
)
 
$
140,608

Property operating expenses, real estate taxes and third party management expenses
13,977

 
13,534

 
10,763

 
7,408

 
3,683

 
3,958

 
2,395

 
(222
)
 
55,496

Net operating income
$
24,210

 
$
22,391

 
$
17,022

 
$
8,194

 
$
5,082

 
$
5,299

 
$
2,994

 
$
(80
)
 
$
85,112

For the three-months ended March 31, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total revenue
$
38,105

 
$
33,149

 
$
26,437

 
$
15,730

 
$
9,034

 
$
7,495

 
$
4,971

 
$
(382
)
 
$
134,539

Property operating expenses, real estate taxes and third party management expenses
13,348

 
12,686

 
10,065

 
7,831

 
3,643

 
3,397

 
2,368

 
(444
)
 
52,894

Net operating income
$
24,757

 
$
20,463

 
$
16,372

 
$
7,899

 
$
5,391

 
$
4,098

 
$
2,603

 
$
62

 
$
81,645


Net operating income (“NOI”) is defined as total revenue less property operating expenses, real estate taxes and third party management expenses. Segment NOI includes revenue, real estate taxes and property operating expenses directly related to operation and management of the properties owned and managed within the respective geographical region. Segment NOI excludes property level depreciation and amortization, revenue and expenses directly associated with third party real estate management services, expenses associated with corporate administrative support services, and inter-company eliminations. NOI also does not reflect general and administrative expenses, interest expenses, real estate impairment losses, depreciation and amortization costs, capital expenditures and leasing costs. Trends in development and construction activities that could materially impact the Company’s results from operations are also not reflected in NOI. All companies may not calculate NOI in the same manner. NOI is the measure that is used by the Company to evaluate the operating performance of its real estate assets by segment. The Company also believes that NOI provides useful information to investors regarding the Company's financial condition and results of operations because it reflects only those income and expenses recorded at the property level. The Company believes that net income, as defined by GAAP, is the most appropriate earnings measure. Below is a reconciliation of consolidated NOI to consolidated net income (loss), as defined by GAAP:
 
Three-month periods
ended March 31,
 
2013
 
2012
 
(amounts in thousands)
Consolidated net operating income
$
85,112

 
$
81,645

Less:
 
 
 
Interest expense
(30,914
)
 
(34,144
)
Deferred financing costs
(1,161
)
 
(1,311
)
Depreciation and amortization
(49,861
)
 
(48,096
)
Administrative expenses
(6,551
)
 
(6,050
)
Plus:
 
 
 
Interest income
58

 
483

Interest expense - financing obligation
(218
)
 
(182
)
Equity in income of real estate ventures
1,535

 
44

Loss on early extinguishment of debt
(3
)
 
(248
)
Loss from continuing operations
(2,003
)
 
(7,859
)
Income from discontinued operations
5,922

 
17,195

Net income
$
3,919

 
$
9,336