Real Estate Assets

6 Months Ended

Jun. 30, 2014

Real Estate [Abstract]

Real Estate Assets

Real Estate Assets

Dispositions

During the second quarter of 2014, we sold two land parcels in Atlanta, GA in separate transactions for an aggregate sale price of $9.5 million and recorded aggregate gains on disposition of property of $5.9 million.

Impairments

During the second quarter of 2014, we recorded impairments of real estate assets of $0.6 million on an office property in Greensboro, NC. This impairment was due to a change in the assumed timing of future disposition and leasing assumptions, which reduced the future expected cash flows from the impaired property.