Discontinued Operations

12 Months Ended

Dec. 31, 2016

Discontinued Operations And Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

10. DISCONTINUED OPERATIONS

The Company had no property dispositions classified as discontinued operations during the years ended December 31, 2016 and 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 in Lawrenceville, New Jersey completed in the first quarter of 2013.

For the year ended December 31, 2014, income from discontinued operations relates to post closing activity stemming from the disposition of an aggregate of 14 properties containing approximately 1.1 million net rentable square feet that the Company sold during the first quarter of 2013.

The following table summarizes revenue and expense information for the properties sold which qualify for discontinued operations reporting since January 1, 2014 (in thousands):

	Years ended December 31,
	2014
Revenue:
Rents	$	-
Tenant reimbursements		26
Other		-
Total revenue		26
Expenses:
Property operating expenses		8
Real estate taxes		-
Depreciation and amortization		-
Total operating expenses		8
Other income:
Interest income		-
Income from discontinued operations before gain   on sale of interests in real estate		18
Net gain on disposition of discontinued operations		900
Income from discontinued operations	$	918

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.