Annual report pursuant to Section 13 and 15(d)

Properties, Net (Tables)

v3.19.3.a.u2
Properties, Net (Tables)
 12 Months Ended
Dec. 31, 2019
Real Estate [Abstract]  
Schedule of operating properties, net
Operating properties, net consisted of the following (in thousands): 
 
December 31,
 
2019
 
2018
Land
$
472,976

 
$
503,274

Buildings and improvements
3,306,791

 
3,241,894

Less: Accumulated depreciation
(1,007,120
)
 
(897,903
)
Operating properties, net
$
2,772,647

 
$
2,847,265


Schedule of operating property dispositions
In 2017, we sold the following operating properties (dollars in thousands):
Project Name
 
City, State
 
Segment
 
Date of Sale
 
Number of Properties
 
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

 
—

White Marsh Properties (1)
 
White Marsh, MD
 
Regional Office and Other
 
7/28/2017
 
8

 
412,000

 
47,500

 
1,180

201 Technology Drive
 
Lebanon, VA
 
Data Center Shells
 
10/27/2017
 
1

 
103,000

 
29,500

 
3,625

7320 Parkway Drive
 
Hanover, MD
 
Fort Meade/BW Corridor
 
12/15/2017
 
1

 
57,000

 
7,529

 
831

 
 
 
 
12

 
799,000

 
$
125,829

 
$
5,636


(1) This sale also included land.