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CONCENTRATIONS
6 Months Ended
Jun. 30, 2016
CONCENTRATIONS  
CONCENTRATIONS

16. 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 19.0% and 22.9% of our rental and other property income for the three months ended June 30, 2016 and 2015, respectively, and 19.5% and 22.8% for the six months ended June 30, 2016 and 2015, respectively. At June 30, 2016 and December 31, 2015, $7,734,000 and $7,968,000, respectively, was due from Governmental Tenants (see Note 15).

        Geographical Concentrations of Investments in Real Estate—As of June 30, 2016 and December 31, 2015, we owned 20 office properties, five multifamily properties, two and three hotel properties, respectively, three parking garages, and two development sites, one of which is being used as a parking lot. These properties are located in four states and Washington, D.C.

        Our revenue concentrations from properties are as follows:

                                                                                                                                                                                    

 

 

Three Months
Ended June 30,

 

Six Months
Ended June 30,

 

 

 

2016

 

2015

 

2016

 

2015

 

California

 

 

65.1 

%

 

63.0 

%

 

64.9 

%

 

62.8 

%

Washington, D.C. 

 

 

20.6 

 

 

24.5 

 

 

20.9 

 

 

24.2 

 

Texas

 

 

8.1 

 

 

7.8 

 

 

8.0 

 

 

7.6 

 

North Carolina

 

 

4.2 

 

 

4.5 

 

 

4.2 

 

 

4.5 

 

New York

 

 

2.0 

 

 

0.2 

 

 

2.0 

 

 

0.9 

 

​  

​  

​  

​  

​  

​  

​  

​  

 

 

 

100.0 

%

 

100.0 

%

 

100.0 

%

 

100.0 

%

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

        Our real estate investments concentrations from properties are as follows:

                                                                                                                                                                                    

 

 

June 30,
2016

 

December 31,
2015

 

California(1)

 

 

52.0 

%

 

52.6 

%

Washington, D.C. 

 

 

31.6 

 

 

31.1 

 

Texas

 

 

7.5 

 

 

7.4 

 

North Carolina

 

 

5.3 

 

 

5.3 

 

New York

 

 

3.6 

 

 

3.6 

 

​  

​  

​  

​  

 

 

 

100.0 

%

 

100.0 

%

​  

​  

​  

​  

​  

​  

​  

​  


 

 

(1)          

Includes the assets of LAX Holiday Inn that were held for sale at June 30, 2016 (see Note 3).