Discontinued Operations

12 Months Ended

Dec. 31, 2015

Discontinued Operations And Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

10. DISCONTINUED OPERATIONS

The Company had no property dispositions classified as discontinued operations during the year ended December 31, 2015.  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 and 2013, income from discontinued operations relates to an aggregate of 14 properties containing approximately 1.1 million net rentable square feet that the Company has sold since January 1, 2013.

The following table summarizes revenue and expense information for the properties sold which qualify for discontinued operations reporting since January 1, 2013 (in thousands):

	Years ended December 31,
	2014		2013
Revenue:
Rents	$	-	$	4,754
Tenant reimbursements		26		355
Other		-		123
Total revenue		26		5,232
Expenses:
Property operating expenses		8		1,839
Real estate taxes		-		649
Depreciation and amortization		-		1,921
Total operating expenses		8		4,409
Other income:
Interest income		-		2
Income from discontinued operations before gain   on sale of interests in real estate		18		825
Net gain on disposition of discontinued operations		900		3,382
Income from discontinued operations	$	918	$	4,207

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.