Discontinued Operations

12 Months Ended

Dec. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS

The Company had no property dispositions classified as discontinued operations during the year ended December 31, 2014. There was nominal income before gain on sales recognized during 2014 relating to properties classified into discontinued operations in prior periods and a $0.9 million gain relating to the post closing activity for the sale of the Princeton Pike Corporate Center completed in the first quarter of 2013.

For the years ended December 31, 2014, 2013 and 2012, income from discontinued operations relates to an aggregate of 28 properties containing approximately 2.0 million net rentable square feet that the Company has sold since January 1, 2012.

The following table summarizes revenue and expense information for the properties sold which qualify for discontinued operations reporting since January 1, 2012 (in thousands):

	Years ended December 31,
	2014		2013		2012
Revenue:
Rents	$	—	$	4,754	$	28,678
Tenant reimbursements	26		355		2,353
Termination fees	—		—		11
Other	—		123		378
Total revenue	26		5,232		31,420
Expenses:
Property operating expenses	8		1,839		8,687
Real estate taxes	—		649		3,468
Depreciation and amortization	—		1,921		10,208
Total operating expenses	8		4,409		22,363
Other income:
Interest income	—		2		7
Income from discontinued operations before gain on sale of interests in real estate	18		825		9,064
Net gain on disposition of discontinued operations	900		3,382		34,774
Income from discontinued operations	$	918	$	4,207	$	43,838

Discontinued operations have not been segregated in the consolidated statements of cash flows. Therefore, amounts for certain captions will not agree with respective data in the consolidated statements of operations.