XML 90 R66.htm IDEA: XBRL DOCUMENT v3.22.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Disaggregation of Revenue [Line Items]      
Total revenue $ 506,100 $ 486,819 $ 534,852
Rents      
Disaggregation of Revenue [Line Items]      
Total revenue 470,851 451,519 513,504
Total lease revenue      
Disaggregation of Revenue [Line Items]      
Total revenue 453,198 433,766 497,264
Fixed rent      
Disaggregation of Revenue [Line Items]      
Total revenue 353,387 343,924 393,178
Variable rent      
Disaggregation of Revenue [Line Items]      
Total revenue 99,811 89,842 104,086
Amortization of deferred market rents      
Disaggregation of Revenue [Line Items]      
Total revenue 2,582 5,377 4,868
Daily parking & hotel flexible stay      
Disaggregation of Revenue [Line Items]      
Total revenue 15,071 12,376 11,372
Third party management fees, labor reimbursement and leasing      
Disaggregation of Revenue [Line Items]      
Total revenue 24,132 26,444 18,580
Other income      
Disaggregation of Revenue [Line Items]      
Total revenue 11,117 8,856 2,768
Philadelphia CBD      
Disaggregation of Revenue [Line Items]      
Total revenue 220,875 207,858 232,028
Philadelphia CBD | Rents      
Disaggregation of Revenue [Line Items]      
Total revenue 218,078 204,848 229,619
Philadelphia CBD | Total lease revenue      
Disaggregation of Revenue [Line Items]      
Total revenue 202,380 191,026 217,696
Philadelphia CBD | Fixed rent      
Disaggregation of Revenue [Line Items]      
Total revenue 151,034 149,441 166,286
Philadelphia CBD | Variable rent      
Disaggregation of Revenue [Line Items]      
Total revenue 51,346 41,585 51,410
Philadelphia CBD | Amortization of deferred market rents      
Disaggregation of Revenue [Line Items]      
Total revenue 1,308 2,064 1,146
Philadelphia CBD | Daily parking & hotel flexible stay      
Disaggregation of Revenue [Line Items]      
Total revenue 14,390 11,758 10,777
Philadelphia CBD | Third party management fees, labor reimbursement and leasing      
Disaggregation of Revenue [Line Items]      
Total revenue 287 893 927
Philadelphia CBD | Other income      
Disaggregation of Revenue [Line Items]      
Total revenue 2,510 2,117 1,482
Pennsylvania Suburbs      
Disaggregation of Revenue [Line Items]      
Total revenue 128,940 124,566 141,613
Pennsylvania Suburbs | Rents      
Disaggregation of Revenue [Line Items]      
Total revenue 128,551 124,256 141,162
Pennsylvania Suburbs | Total lease revenue      
Disaggregation of Revenue [Line Items]      
Total revenue 128,541 124,106 140,995
Pennsylvania Suburbs | Fixed rent      
Disaggregation of Revenue [Line Items]      
Total revenue 116,926 113,748 128,044
Pennsylvania Suburbs | Variable rent      
Disaggregation of Revenue [Line Items]      
Total revenue 11,615 10,358 12,951
Pennsylvania Suburbs | Amortization of deferred market rents      
Disaggregation of Revenue [Line Items]      
Total revenue 10 (9) (12)
Pennsylvania Suburbs | Daily parking & hotel flexible stay      
Disaggregation of Revenue [Line Items]      
Total revenue 0 159 179
Pennsylvania Suburbs | Third party management fees, labor reimbursement and leasing      
Disaggregation of Revenue [Line Items]      
Total revenue 35 34 39
Pennsylvania Suburbs | Other income      
Disaggregation of Revenue [Line Items]      
Total revenue 354 276 412
Austin, Texas      
Disaggregation of Revenue [Line Items]      
Total revenue 96,329 101,680 102,982
Austin, Texas | Rents      
Disaggregation of Revenue [Line Items]      
Total revenue 95,414 100,826 102,069
Austin, Texas | Total lease revenue      
Disaggregation of Revenue [Line Items]      
Total revenue 93,789 97,395 98,489
Austin, Texas | Fixed rent      
Disaggregation of Revenue [Line Items]      
Total revenue 60,831 62,545 63,366
Austin, Texas | Variable rent      
Disaggregation of Revenue [Line Items]      
Total revenue 32,958 34,850 35,123
Austin, Texas | Amortization of deferred market rents      
Disaggregation of Revenue [Line Items]      
Total revenue 1,264 3,322 3,531
Austin, Texas | Daily parking & hotel flexible stay      
Disaggregation of Revenue [Line Items]      
Total revenue 361 109 49
Austin, Texas | Third party management fees, labor reimbursement and leasing      
Disaggregation of Revenue [Line Items]      
Total revenue 486 452 689
Austin, Texas | Other income      
Disaggregation of Revenue [Line Items]      
Total revenue 429 402 224
Metropolitan Washington, D.C.      
Disaggregation of Revenue [Line Items]      
Total revenue 21,899 19,865 40,223
Metropolitan Washington, D.C. | Rents      
Disaggregation of Revenue [Line Items]      
Total revenue 18,053 13,173 33,509
Metropolitan Washington, D.C. | Total lease revenue      
Disaggregation of Revenue [Line Items]      
Total revenue 17,969 13,056 33,374
Metropolitan Washington, D.C. | Fixed rent      
Disaggregation of Revenue [Line Items]      
Total revenue 16,686 12,410 29,830
Metropolitan Washington, D.C. | Variable rent      
Disaggregation of Revenue [Line Items]      
Total revenue 1,283 646 3,544
Metropolitan Washington, D.C. | Amortization of deferred market rents      
Disaggregation of Revenue [Line Items]      
Total revenue 0 0 0
Metropolitan Washington, D.C. | Daily parking & hotel flexible stay      
Disaggregation of Revenue [Line Items]      
Total revenue 84 117 135
Metropolitan Washington, D.C. | Third party management fees, labor reimbursement and leasing      
Disaggregation of Revenue [Line Items]      
Total revenue 3,723 6,548 6,541
Metropolitan Washington, D.C. | Other income      
Disaggregation of Revenue [Line Items]      
Total revenue 123 144 173
Other      
Disaggregation of Revenue [Line Items]      
Total revenue 14,711 14,015 13,469
Other | Rents      
Disaggregation of Revenue [Line Items]      
Total revenue 12,685 10,913 10,900
Other | Total lease revenue      
Disaggregation of Revenue [Line Items]      
Total revenue 12,449 10,680 10,465
Other | Fixed rent      
Disaggregation of Revenue [Line Items]      
Total revenue 9,805 8,020 8,064
Other | Variable rent      
Disaggregation of Revenue [Line Items]      
Total revenue 2,644 2,660 2,401
Other | Amortization of deferred market rents      
Disaggregation of Revenue [Line Items]      
Total revenue 0 0 203
Other | Daily parking & hotel flexible stay      
Disaggregation of Revenue [Line Items]      
Total revenue 236 233 232
Other | Third party management fees, labor reimbursement and leasing      
Disaggregation of Revenue [Line Items]      
Total revenue 1,988 3,077 2,560
Other | Other income      
Disaggregation of Revenue [Line Items]      
Total revenue 38 25 9
Corporate      
Disaggregation of Revenue [Line Items]      
Total revenue 23,346 18,835 4,537
Corporate | Rents      
Disaggregation of Revenue [Line Items]      
Total revenue (1,930) (2,497) (3,755)
Corporate | Total lease revenue      
Disaggregation of Revenue [Line Items]      
Total revenue (1,930) (2,497) (3,755)
Corporate | Fixed rent      
Disaggregation of Revenue [Line Items]      
Total revenue (1,895) (2,240) (2,412)
Corporate | Variable rent      
Disaggregation of Revenue [Line Items]      
Total revenue (35) (257) (1,343)
Corporate | Amortization of deferred market rents      
Disaggregation of Revenue [Line Items]      
Total revenue 0 0 0
Corporate | Daily parking & hotel flexible stay      
Disaggregation of Revenue [Line Items]      
Total revenue 0 0 0
Corporate | Third party management fees, labor reimbursement and leasing      
Disaggregation of Revenue [Line Items]      
Total revenue 17,613 15,440 7,824
Corporate | Other income      
Disaggregation of Revenue [Line Items]      
Total revenue $ 7,663 $ 5,892 $ 468