Quarterly report pursuant to Section 13 or 15(d)

Recent Transactions (Tables)

v3.4.0.3
Recent Transactions (Tables)
 3 Months Ended
Mar. 31, 2016
Schedule Of Purchase Price Allocation





 

 



 

 



 

Overlook



 

Ridge

Land

$

 11,072 

Buildings and improvements

 

 87,793 

Furniture, fixtures and equipment

 

 1,695 

In-place lease values (1)

 

 4,389 

Below market lease values (1)

 

 (489)

Other assets

 

 237 

Sub Total

 

 104,697 



 

 

Less: Debt assumed

 

 (52,662)



 

 

Net assets recorded upon consolidation

$

 52,035 



(1)In-place lease values and below market lease values will be amortized over one year or less.

Schedule Of Real Estate Properties Sold



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

Rentable

 

 

Net

 

 

Net

 

 

 

 

Disposition

 

 

# of

Square

 

 

Sales

 

 

Book

 

 

Realized

 

Date

Property/Address

Location

Bldgs.

Feet

 

 

Proceeds

 

 

Value

 

 

Gain (loss)

 

03/11/16

2 Independence Way (a)

Princeton, New Jersey

 1  67,401 

 

$

 4,119 

 

$

 4,283 

 

$

 (164)

 

03/24/16

1201 Connecticut Avenue, NW

Washington, D.C.

 1  169,549 

 

 

 90,591 

 

 

 31,827 

 

 

 58,764 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Totals

 

 

 2  236,950 

 

$

 94,710 

 

$

 36,110 

 

$

 58,600 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)  The Company recorded an impairment charge of $3.2 million on this property during the year ended December 31, 2015 as it estimated that the carrying value of the property may not be recoverable over its anticipated holding period.

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



Disposal Group, Not Discontinued Operations [Member]  
Summary Of Income From Property Held For Sale



 

 

 



 

 

 



 

 

March 31,



 

 

2016

Land

 

$

 46,883 

Buildings and improvements

 

 

 210,925 

Less: Accumulated depreciation

 

 

 (57,764)

Rental property held for sale,net

 

$

 200,044 



Summary Of Income (Loss) From Properties Disposed



 

 

 

 

 

 



 

 

 

 

 

 



 

 

Three Months Ended



 

 

March 31,



 

 

2016

 

 

2015

Total revenues

 

$

 1,608 

 

$

 7,629 

Operating and other expenses

 

 

 (1,379)

 

 

 (2,524)

Depreciation and amortization

 

 

 (2,797)

 

 

 (1,685)

Interest expense

 

 

 (626)

 

 

 (2,710)



 

 

 

 

 

 

Income (loss) from properties disposed of

 

$

 (3,194)

 

$

 710 



 

 

 

 

 

 

Realized gains on dispositions

 

 

 58,600 

 

 

 144 



 

 

 

 

 

 

Total income (loss)  from properties disposed of

 

$

 55,406 

 

$

 854