Real Estate Properties (Tables)

9 Months Ended

Sep. 30, 2021

Real Estate [Abstract]

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

During the nine months ended September 30, 2020, we sold the following properties, which did not represent strategic shifts under the Financial Accounting Standards Board, or FASB, Accounting Standards Codification, or ASC, Topic 205 (dollars in thousands):

Property	Date Sold	Number of Properties	Number of Buildings	Square Footage	Gross Sale Price(1)		Gain on Sale
109 Brookline Avenue	February 2020	1	1	285,556	$	270,000	$	225,190
333 108th Avenue NE(2)	March 2020	1	1	435,406	401,500		194,424
Georgetown-Green and Harris Buildings	May 2020	1	2	240,475	$	85,000	$	24,916
		3	4	961,437	$	756,500	$	444,530

(1)Gross sale price is before transfer taxes and credits, such as capital costs, contractual lease costs and rent abatements.

(2)The sale represents 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 (loss) related to this property was $0 and $21,000 for the three months ended September 30, 2021 and 2020, respectively, and $(14,000) and $193.2 million, of which $194.4 million related to the gain on sale, for the nine months ended September 30, 2021 and 2020, respectively.

Schedule of Rental Revenue

Rental revenue consists of the following (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Lease payments	$	8,989	$	9,692	$	27,438	$	31,445
Variable lease payments	4,152		6,050		13,986		16,688
Rental revenue	$	13,141	$	15,742	$	41,424	$	48,133