Real Estate Properties (Tables)

3 Months Ended

Mar. 31, 2019

Real Estate [Abstract]

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

During the three months ended March 31, 2019, we sold the following property (dollars in thousands):

Property	Date Sold	Number of Properties	Number of Buildings	Square Footage	Gross Sales Price		Gain on Sale
1735 Market Street(1)	March 2019	1	1	1,286,936	$	451,600	$	192,985

(1) Certain of our subsidiaries sold 100% of the equity interests in the fee simple owner of this property.     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 continuing operations for all periods presented through the date of sale. Net income related to this property was $197.1 million and $1.8 million for the three months ended March 31, 2019 and 2018, respectively.

Schedule of Future Minimum Lease Payments, Excluding Tenant Reimbursement Revenue, Scheduled to be Received

The future minimum lease payments, excluding tenant reimbursement revenue, scheduled to be received by us during the current terms of our leases as of March 31, 2019 are as follows (in thousands):

2019	$	62,740
2020	71,503
2021	77,133
2022	68,176
2023	61,616
Thereafter	419,981
	$	761,149

Schedule of Rental Revenue

Rental revenue consists of the following (in thousands):

	Three Months Ended March 31,
	2019		2018
Lease payments	$	27,905	$	39,536
Variable lease payments	10,985		15,737
Rental revenue	$	38,890	$	55,273