| Schedule of operating properties, net |
Operating properties, net consisted of the following (in thousands):
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December 31, |
|
2018 |
|
2017 |
Land |
$ |
503,274 |
|
|
$ |
455,680 |
|
Buildings and improvements |
3,241,894 |
|
|
3,068,124 |
|
Less: Accumulated depreciation |
(897,903 |
) |
|
(786,193 |
) |
Operating properties, net |
$ |
2,847,265 |
|
|
$ |
2,737,611 |
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| Schedule of operating property dispositions |
In 2017, we sold the following operating properties (dollars in thousands):
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Project Name |
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City, State |
|
Segment |
|
Date of Sale |
|
Number of Buildings |
|
Total Rentable Square Feet |
|
Transaction Value |
|
Gain on Sale |
3120 Fairview Park Drive |
|
Falls Church, VA |
|
Northern Virginia Defense/IT |
|
2/15/2017 |
|
1 |
|
|
190,000 |
|
|
$ |
39,000 |
|
|
$ |
— |
|
1334 Ashton Road |
|
Hanover, MD |
|
Fort Meade/BW Corridor |
|
6/9/2017 |
|
1 |
|
|
37,000 |
|
|
2,300 |
|
|
— |
|
Remaining White Marsh Properties (1) |
|
White Marsh, MD |
|
Regional Office and Other |
|
7/28/2017 |
|
8 |
|
|
412,000 |
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|
47,500 |
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|
1,180 |
|
201 Technology Drive |
|
Lebanon, VA |
|
Data Center Shells |
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10/27/2017 |
|
1 |
|
|
103,000 |
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|
29,500 |
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|
3,625 |
|
7320 Parkway Drive |
|
Hanover, MD |
|
Fort Meade/BW Corridor |
|
12/15/2017 |
|
1 |
|
|
57,000 |
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|
7,529 |
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|
831 |
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|
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|
12 |
|
|
799,000 |
|
|
$ |
125,829 |
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|
$ |
5,636 |
|
(1) This sale also included land
In 2016, we sold the following operating properties (dollars in thousands):
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Project Name |
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City, State |
|
Segment |
|
Date of Sale |
|
Number of Buildings |
|
Total Rentable Square Feet |
|
Transaction Value |
|
Gain on Sale |
Arborcrest Corporate Campus (1) |
|
Philadelphia, PA |
|
Regional Office |
|
8/4/2016 |
|
4 |
|
|
654,000 |
|
|
$ |
142,800 |
|
|
$ |
4,742 |
|
8003 Corporate Drive |
|
White Marsh, MD |
|
Regional Office |
|
8/17/2016 |
|
1 |
|
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18,000 |
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|
2,400 |
|
|
— |
|
1341 & 1343 Ashton Road |
|
Hanover, MD |
|
Fort Meade/BW Corridor |
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9/9/2016 |
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2 |
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25,000 |
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|
2,900 |
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|
848 |
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8007, 8013, 8015, 8019 and 8023-8027 Corporate Drive (1) |
|
White Marsh, MD |
|
Regional Office |
|
9/21/2016 |
|
5 |
|
|
130,000 |
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|
14,513 |
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|
1,906 |
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1302, 1304 and 1306 Concourse Drive |
|
Linthicum, MD |
|
Fort Meade/BW Corridor |
|
9/29/2016 |
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3 |
|
|
299,000 |
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|
48,100 |
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|
8,375 |
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2900 Towerview Road |
|
Herndon, VA |
|
Northern Virginia Defense/IT |
|
10/19/2016 |
|
1 |
|
|
151,000 |
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|
12,100 |
|
|
— |
|
4940 Campbell Boulevard |
|
White Marsh, MD |
|
Regional Office |
|
11/17/2016 |
|
1 |
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50,000 |
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|
5,200 |
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|
— |
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1560 A and B Cable Ranch Road |
|
San Antonio, TX |
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Other |
|
11/30/2016 |
|
2 |
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120,000 |
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|
10,300 |
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|
— |
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1331 Ashton Road |
|
Hanover, MD |
|
Fort Meade/BW Corridor |
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12/19/2016 |
|
1 |
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|
29,000 |
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|
2,625 |
|
|
— |
|
900 Elkridge Landing Road |
|
Linthicum, MD |
|
Fort Meade/BW Corridor |
|
12/22/2016 |
|
1 |
|
|
101,000 |
|
|
7,800 |
|
|
— |
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21 |
|
|
1,577,000 |
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|
$ |
248,738 |
|
|
$ |
15,871 |
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(1) This sale also included land.
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