Annual report pursuant to Section 13 and 15(d)

Discontinued Operations

v3.3.1.900
Discontinued Operations
 12 Months Ended
Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations
 
Income from discontinued operations primarily includes revenues and expenses associated with the following:

•
920 Elkridge Landing Road in the Baltimore/Washington Corridor that was sold on June 25, 2013;
•
4230 Forbes Boulevard in the Baltimore/Washington Corridor that was sold on December 11, 2013;
•
15 operating properties in Colorado Springs that were sold on December 12, 2013; and
•
nine operating properties in the Baltimore/Washington Corridor and five operating properties in Colorado Springs for which the title to the properties was transferred to the mortgage lender on December 23, 2013.

The table below sets forth the components of discontinued operations reported on our consolidated statements of operations (in thousands):
 
 
For the Years Ended December 31,
 
 
2015
 
2014
 
2013
Revenue from real estate operations
 
$
4

 
$
(14
)
 
$
37,636

Property operating expenses
 
6

 
135

 
(13,505
)
Depreciation and amortization
 
—

 
—

 
(4,505
)
Impairment losses
 
(234
)
 
(3
)
 
(26,190
)
General, administrative and leasing expenses
 
—

 
—

 
(4
)
Interest expense
 
—

 
—

 
(8,221
)
Gain on sales of real estate
 
—

 
24

 
2,671

Gain (loss) on early extinguishment of debt
 
380

 
(116
)
 
67,810

Discontinued operations
 
$
156

 
$
26

 
$
55,692