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Properties, net (Tables)
12 Months Ended
Dec. 31, 2013
Real Estate [Abstract]  
Schedule of operating properties, net
Operating properties, net consisted of the following (in thousands): 
 
December 31,
 
2013
 
2012
Land
$
430,472

 
$
427,766

Buildings and improvements
2,869,870

 
2,725,875

Less: accumulated depreciation
(597,649
)
 
(555,975
)
Operating properties, net
$
2,702,693

 
$
2,597,666

Schedule of projects in development or held for future development
Projects we had in development or held for future development consisted of the following (in thousands): 
 
December 31,
 
2013
 
2012
Land
$
245,676

 
$
236,324

Construction in progress, excluding land
265,932

 
329,054

Projects in development or held for future development
$
511,608

 
$
565,378

Schedule of operating property dispositions
We completed dispositions of the following properties in 2013 primarily in connection with the Strategic Reallocation Plan (dollars in thousands):
Project Name
 
Location
 
Date of Sale
 
Number of Buildings
 
Total Rentable Square Feet
 
Transaction Value
 
Gain on Disposition
920 Elkridge Landing Road
 
Linthicum, MD
 
6/25/2013
 
1

 
103,000

 
$
6,900

 
$

4230 Forbes Boulevard
 
Lanham, MD
 
12/11/2013
 
1

 
56,000

 
5,600

 
1,507

December 2013 Colorado Springs Portfolio Disposition
 
Colorado Springs, CO
 
12/12/2013
 
15

 
1,165,000

 
133,925

 
1,164

December 2013 Portfolio Conveyance
 
Colorado Springs, CO and Linthicum, MD
 
12/23/2013
 
14

 
1,021,000

 
146,876

 

 
 
 
 
 
 
31

 
2,345,000

 
$
293,301

 
$
2,671

We completed dispositions of the following properties in 2012 primarily in connection with the Strategic Reallocation Plan (dollars in thousands):
Project Name
 
Location
 
Date of Sale
 
Number of Buildings
 
Total Rentable Square Feet
 
Transaction Value
 
Gain on Disposition
White Marsh Portfolio Disposition
 
White Marsh, MD
 
1/30/2012
 
5

 
163,000

 
$
19,100

 
$
2,445

1101 Sentry Gateway
 
San Antonio, TX
 
1/31/2012
 
1

 
95,000

 
13,500

 
1,739

222 and 224 Schilling Circle
 
Hunt Valley, MD
 
2/10/2012
 
2

 
56,000

 
4,400

 
102

15 and 45 West Gude Drive
 
Rockville, MD
 
5/2/2012
 
2

 
231,000

 
49,107

 

11800 Tech Road
 
Silver Spring, MD
 
6/14/2012
 
1

 
240,000

 
21,300

 

400 Professional Drive
 
Gaithersburg, MD
 
7/2/2012
 
1

 
130,000

 
16,198

 

July 2012 Portfolio Disposition
 
Baltimore/Washington Corridor and Greater Baltimore
 
7/24/2012
 
23

 
1,387,000

 
161,901

 
16,900

 
 
 
 
 
 
35

 
2,302,000

 
$
285,506

 
$
21,186


Schedule of operating property allocation costs
The table below sets forth the allocation of the acquisition costs of this property (in thousands):

Land, operating properties
 
$
3,507

Building and improvements
 
30,177

Intangible assets on real estate acquisitions
 
14,993

Total assets
 
48,677

Below-market leases
 
(369
)
Total acquisition cost
 
$
48,308

Schedule of allocation of intangible assets on acquisition of property
Intangible assets recorded in connection with the above acquisition included the following (dollars in thousands):
 
 
 
 Weighted Average Amortization Period (in Years)
Tenant relationship value
$
7,472

 
10
In-place lease value
7,109

 
5
Above-market leases
412

 
5
 
$
14,993

 
7