Real Estate Properties (Tables)

3 Months Ended

Mar. 31, 2018

Real Estate [Abstract]

Disclosure of Long Lived Assets Held-for-sale

As of March 31, 2018, we classified the following property as held for sale:

Asset	Number of Properties	Number of Buildings	Square Footage
1601 Dry Creek Drive	1	1	552,865

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

	March 31, 2018		December 31, 2017
Real estate properties	$	24,786	$	76,066
Rents receivable	7,245		13,270
Other assets, net	6,851		8,352
Assets held for sale	$	38,882	$	97,688
Accounts payable and accrued expenses	$	1,099	$	1,021
Rent collected in advance	1		408
Security deposits	53		411
Liabilities related to properties held for sale	$	1,153	$	1,840

Summary of Properties Sold and Income Statement Information for Properties Disposed of

During the three months ended March 31, 2018, 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
1600 Market Street	February 2018	1	1	825,968	$	160,000	$	54,599
600 West Chicago Avenue(1)	February 2018	1	2	1,561,477	510,000		107,830
5073, 5075, & 5085 S. Syracuse Street	March 2018	1	1	248,493	115,186		42,762
		3	4	2,635,938	$	785,186	$	205,191

(1) The sale of this property did not represent a strategic shift under ASC Topic 205. However, the sale does represent an individually significant disposition. The operating results of this property are included in continued operations for all periods presented through the date of sale. Net income for this property for the three months ended March 31, 2018 and 2017 was $110.0 million and $2.7 million, respectively.