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CONCENTRATIONS
3 Months Ended
Mar. 31, 2015
CONCENTRATIONS  
CONCENTRATIONS

 

15. CONCENTRATIONS

        Tenant Revenue Concentrations—Rental revenues from the U.S. General Services Administration and other government agencies (collectively, "Governmental Tenants"), which primarily occupy properties located in Washington, D.C., accounted for approximately 22.8% and 25.7% of our rental and other property income for the three months ended March 31, 2015 and 2014, respectively. At March 31, 2015 and December 31, 2014, $6,625,000 and $7,168,000, respectively, was due from Governmental Tenants (see Note 14).

        Geographical Concentrations of Investments in Real Estate—As of March 31, 2015 and December 31, 2014, we owned 21 office properties, five multifamily properties, and three hotel properties, located in four states and Washington, D.C.

        Our revenues concentrations from properties for the periods ended March 31, 2015 and 2014, are as follows:

                                                                                                                                                                                    

 

 

March 31,

 

 

 

2015

 

2014

 

California

 

 

62.5 

%

 

60.2 

%

Washington, D.C. 

 

 

23.8 

 

 

24.7 

 

Texas

 

 

7.5 

 

 

7.7 

 

North Carolina

 

 

4.6 

 

 

5.3 

 

New York

 

 

1.6 

 

 

2.1 

 

​  

​  

​  

​  

 

 

 

100.0 

%

 

100.0 

%  

​  

​  

​  

​  

​  

​  

​  

​  

​  

        Our real estate investments concentration from properties as of March 31, 2015 and December 31, 2014, are as follows:

                                                                                                                                                                                    

 

 

March 31,
2015

 

December 31,
2014

 

California

 

 

52.4 

%

 

52.3 

%

Washington, D.C. 

 

 

31.2 

 

 

31.2 

 

Texas

 

 

7.4 

 

 

7.4 

 

North Carolina

 

 

5.4 

 

 

5.5 

 

New York

 

 

3.6 

 

 

3.6 

 

​  

​  

​  

​  

 

 

 

100.0 

%

 

100.0 

%  

​  

​  

​  

​  

​  

​  

​  

​  

​