Real Estate Properties

6 Months Ended

Jun. 30, 2016

During the six months ended June 30, 2016 and 2015, we made improvements, excluding tenant-funded improvements, to our properties totaling $59.2 million and $27.8 million, respectively.

Properties Held For Sale:

We classify all properties that meet the criteria outlined in the Property, Plant and Equipment Topic of the FASB Accounting Standards Codification (Codification) as held for sale on our condensed consolidated balance sheets. As of December 31, 2015, we had no properties classified as held for sale. As of June 30, 2016, we classified the following properties as held for sale (dollars in thousands):



Asset	Date Sold	Number of Properties	Number of Buildings	Square Footage	Gross Sales Price
Property
111 River Street	July 2016	1	1	566,215	$	235,000

Portfolio of properties
128 Crews Drive	July 2016	1	1	185,600
111 Southchase Boulevard	July 2016	1	1	168,087
1043 Global Avenue	July 2016	1	1	450,000
South Carolina industrial portfolio		3	3	803,687	$	30,000
		4	4	1,369,902	$	265,000

Summarized balance sheet information for all properties classified as held for sale is as follows (in thousands):



	June 30, 2016
Real estate properties	$	136,299
Acquired real estate leases	1,751
Other assets, net	12,716
Properties held for sale	$	150,766

Accounts payable and accrued expenses	$	674
Assumed real estate lease obligations	403
Rent collected in advance	266
Security deposits	344
Liabilities related to properties held for sale	$	1,687

Property Dispositions:

During the six months ended June 30, 2016, we sold the following properties (dollars in thousands):



Asset	Date Sold	Number of Properties	Number of Buildings	Square Footage	Gross Sales Price		Gain on Sale
Properties
Executive Park	February 2016	1	9	427,443	$	50,865	$	16,532
3330 N Washington Boulevard	March 2016	1	1	55,719	11,250		5,457
111 East Kilbourn Avenue	March 2016	1	1	373,669	60,500		14,677
1525 Locust Street	April 2016	1	1	98,009	17,700		8,956
633 Ahua Street	April 2016	1	1	93,141	29,000		15,963
Lakewood on the Park	May 2016	1	2	180,558	37,100		13,616
Leased Land	June 2016	1	7	—	48,450		15,914
9110 East Nichols Avenue	June 2016	1	1	143,958	17,200		642

Portfolios of properties
812 San Antonio Street	May 2016	1	1	59,321
1601 Rio Grande Street	May 2016	1	1	56,219
Downtown Austin portfolio		2	2	115,540	$	32,600	$	20,584

785 Schilinger Road South	June 2016	1	1	72,000
401 Vine Street	June 2016	1	1	53,980
633 Frazier Drive	June 2016	1	1	150,000
9840 Gateway Boulevard North	June 2016	1	1	72,000
3003 South Expressway 281	June 2016	1	1	150,000
1331 North Center Parkway	June 2016	1	1	53,980
Movie theater portfolio		6	6	551,960	$	109,100	$	30,595
		16	31	2,039,997	$	413,765	$	142,936

During the year ended December 31, 2015, we disposed of 91 properties (135 buildings) and one land parcel with a combined 18.9 million square feet for an aggregate gross sales price of $2.0 billion, excluding closing costs.