Quarterly report pursuant to Section 13 or 15(d)

Properties, net (Tables)

v2.4.0.8
Properties, net (Tables)
 9 Months Ended
Sep. 30, 2014
Real Estate [Abstract]  
Schedule of operating properties, net
Operating properties, net consisted of the following (in thousands): 
 
September 30,
2014
 
December 31,
2013
Land
$
439,355

 
$
430,472

Buildings and improvements
2,997,450

 
2,869,870

Less: accumulated depreciation
(679,598
)
 
(597,649
)
Operating properties, net
$
2,757,207

 
$
2,702,693

Schedule of projects in development or held for future development
Projects in development or held for future development consisted of the following (in thousands):
 
September 30,
2014
 
December 31,
2013
Land
$
229,286

 
$
245,676

Construction in progress, excluding land
284,663

 
265,932

Projects in development or held for future development
$
513,949

 
$
511,608

Schedule of operating property dispositions
During the nine months ended September 30, 2014, we completed dispositions of the following operating properties (dollars in thousands):
Project Name
 
Location
 
Date of Sale
 
Number of Buildings
 
Total Rentable Square Feet
 
Transaction Value
 
Gain on Disposition
4969 and 4979 Mercantile Road
 
White Marsh, MD
 
7/14/2014
 
2

 
96,721

 
$
5,960

 
$
2,126

9930 and 9940 Franklin Square
 
White Marsh, MD
 
7/30/2014
 
2

 
71,992

 
10,475

 
2,303

5020, 5022, 5024 and 5026 Campbell Boulevard
 
White Marsh, MD
 
8/4/2014
 
4

 
134,245

 
12,400

 
666

 
 
 
 
 
 
8

 
302,958

 
$
28,835

 
$
5,095