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Real Estate Joint Ventures (Tables) | 12 Months Ended
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Dec. 31, 2013
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of information related to investments in consolidated real estate joint ventures | The table below sets forth information pertaining to our investments in consolidated real estate joint ventures as of December 31, 2013 (dollars in thousands):
|  |  | Nominal |  |  |  |  |  |  |  |
|  |  | Ownership |  |  |  | December 31, 2013 | (1)
| Date |  | % as of |  |  |  | Total |  | Encumbered |  | Total
| Acquired |  | 12/31/2013 |  | Nature of Activity |  | Assets |  | Assets |  | Liabilities
LW Redstone Company, LLC | 3/23/2010 |  | 85% |  | Operates three buildings and developing others (2) |  | $ | 132,170 |  |  | $ | 67,487 |  |  | $ | 39,845 |
M Square Associates, LLC | 6/26/2007 |  | 50% |  | Operates two buildings and developing others (3) |  | 60,919 |  |  | 48,705 |  |  | 41,009 |
COPT-FD Indian Head, LLC | 10/23/2006 |  | 75% |  | Holding land parcel (4) |  | 6,436 |  |  | — |  |  | — |
|  |  |  |  |  |  | $ | 199,525 |  |  | $ | 116,192 |  |  | $ | 80,854 |
(1) Excludes amounts eliminated in consolidation. (2) This joint venture’s property is in Huntsville, Alabama. (3) This joint venture’s properties are in College Park, Maryland (in the Baltimore/Washington Corridor). (4) This joint venture’s property is in Charles County, Maryland. In 2012, the joint venture exercised its option under a development agreement to require Charles County to repurchase the land parcel at its original acquisition cost. Under the terms of the agreement with Charles County, the repurchase is expected to occur by August 2014.
Schedule of condensed balance sheets for unconsolidated real estate joint venture | The following table sets forth condensed balance sheets for this unconsolidated real estate joint venture as of December 31, 2012 (in thousands):
|  | December 31,
|  | 2012
Properties, net |  | $ | 58,460 |
Other assets |  | 4,376 |
Total assets |  | $ | 62,836 |
Liabilities (primarily debt) |  | $ | 72,693 |
Owners’ equity |  | (9,857 | )
Total liabilities and owners’ equity |  | $ | 62,836 |
Schedule of condensed statements of operations for unconsolidated real estate joint venture | The following table sets forth condensed statements of operations for this unconsolidated real estate joint venture (in thousands):
|  | For the Years Ended December 31,
|  | 2013 |  | 2012 |  | 2011
Revenues |  | $ | 6,519 |  |  | $ | 7,316 |  |  | $ | 7,577 |
Property operating expenses |  | (2,818 | ) |  | (2,829 | ) |  | (3,673 | )
Interest expense |  | (10,463 | ) |  | (7,672 | ) |  | (3,913 | )
Depreciation and amortization expense |  | (2,067 | ) |  | (2,283 | ) |  | (2,463 | )
Gain on early extinguishment of debt |  | 23,013 |  |  | — |  |  | — |
Net income (loss) |  | $ | 14,184 |  |  | $ | (5,468 | ) |  | $ | (2,472 | )

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