Real Estate Properties (Tables)

6 Months Ended

Jun. 30, 2018

Real Estate [Abstract]

Disclosure of Long Lived Assets Held-for-sale

As of June 30, 2018, we did not have any properties classified as held for sale.

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

	December 31, 2017
Real estate properties	$	76,066
Rents receivable	13,270
Other assets, net	8,352
Assets held for sale	$	97,688
Accounts payable and accrued expenses	$	1,021
Rent collected in advance	408
Security deposits	411
Liabilities related to properties held for sale	$	1,840

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

During the six months ended June 30, 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
1601 Dry Creek Drive	May 2018	1	1	552,865	68,500		26,992
		4	5	3,188,803	$	853,686	$	232,183

(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 was $0.2 million and $2.3 million for the three months ended June 30, 2018 and 2017, respectively, and $110.3 million and $5.0 million for the six months ended June 30, 2018 and 2017, respectively.