Quarterly report pursuant to Section 13 or 15(d)

Properties, net (Tables)

v2.4.0.6
Properties, net (Tables)
 3 Months Ended
Mar. 31, 2012
Properties, net  
Schedule of components of net operating properties

 

 

 

 

March 31,

 

December 31,

 

 

 

2012

 

2011

 

Land

 

$

471,995

 

$

472,483

 

Buildings and improvements

 

2,802,570

 

2,801,252

 

Less: accumulated depreciation

 

(570,242

)

(559,679

)

Operating properties, net

 

$

2,704,323

 

$

2,714,056
Schedule of projects in development or held for future development

 

 

 

 

March 31,

 

December 31,

 

 

 

2012

 

2011

 

Land

 

$

225,085

 

$

229,833

 

Construction in progress, excluding land

 

408,883

 

409,086

 

Projects in development or held for future development

 

$

633,968

 

$

638,919
Schedule of operating property dispositions

We sold the following operating properties during the three months ended March 31, 2012 (dollars in thousands):

 

 

 

 

 

 

 

Number

 

Total

 

 

 

 

 

 

 

 

 

Date of

 

of

 

Rentable

 

 

 

Gain on

 

Project Name

 

Location

 

Sale

 

Buildings

 

Square Feet

 

Sale Price

 

Sale

 

White Marsh Portfolio (1)

 

White Marsh, Maryland

 

1/30/2012

 

5

 

163,000

 

$

19,100

 

$

2,445

 

1101 Sentry Gateway

 

San Antonio, Texas

 

1/31/2012

 

1

 

95,000

 

13,500

 

1,750

 

222 and 224 Schilling Circle

 

Hunt Valley, Maryland

 

2/10/2012

 

2

 

56,000

 

4,400

 

202

 

 

 

 

 

 

 

8

 

314,000

 

$

37,000

 

$

4,397

 

 

(1)         Includes three properties comprising the White Marsh Professional Center, 8615 Ridgely’s Choice and 8114 Sandpiper Circle.