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Nature of Business (Tables) | 12 Months Ended
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Dec. 31, 2015
Nature Of Business [Abstract] |
Schedule of Dispositions | During the three years ended December 31, 2015, we sold our interests in the following properties (in thousands):
Disposition Date | Property | Type | Gain on Sale
March 20, 2015 | Country Club Towers | Multifamily | $ | 30,277 |
September 9, 2015 | 1225 First Street (1) | Multifamily | — |
October 21, 2015 | Munson Hill Towers | Multifamily | 51,395 |
December 14, 2015 | Montgomery Village Center | Retail | 7,981 |
|  | Total 2015 (2) | $ | 89,653 |
January 21, 2014 | Medical Office Portfolio Transactions III & IV (3) | Medical Office | $ | 105,985 |
May 2, 2014 | 5740 Columbia Road | Retail | 570 |
|  | Total 2014 | $ | 106,555 |
March 19, 2013 | Atrium Building | Office | $ | 3,195 |
November 2013 | Medical Office Portfolio Transactions I & II (4) | Medical Office / Office | 18,949 |
|  | Total 2013 | $ | 22,144 |
(1) Interest in land held for future development. (2) Excludes gain related to parcel of land at Montrose Shopping Center condemned as part of an eminent domain taking action (see note 3 under "Properties Sold"). (3) Woodburn Medical Park I and II and Prosperity Medical Center I, II and III. (4) 2440 M Street, 15001 Shady Grove Road, 15505 Shady Grove Road, 19500 at Riverside Park (formerly Lansdowne Medical Office Building), 9707 Medical Center Drive, CentreMed I and II, 8301 Arlington Boulevard, Sterling Medical Office Building, Shady Grove Medical Village II, Alexandria Professional Center, Ashburn Farm Office Park I, Ashburn Farm Office Park II, Ashburn Farm Office Park III, Woodholme Medical Office Building, two office properties (6565 Arlington Boulevard and Woodholme Center) and undeveloped land at 4661 Kenmore Avenue. The cost of our real estate portfolio under development or held for future development as of December 31, 2015 and 2014 is as follows (in thousands):
| December 31,
| 2015 |  | 2014
Office | $ | 18,711 |  |  | $ | 36,379 |
Retail | 1,076 |  |  | 500 |
Multifamily | 16,307 |  |  | 39,356 |
| $ | 36,094 |  |  | $ | 76,235 |
Income from properties classified as discontinued operations by property or disposal group for the three years ended December 31, 2015 was as follows (in thousands):
|  |  | Year Ending December 31,
Property | Segment |  | 2015 |  | 2014 |  | 2013
Atrium Building | Office |  | $ | — |  |  | $ | — |  |  | $ | 185 |
Medical Office Portfolio | Medical/Office |  | — |  |  | 546 |  |  | 15,210 |
|  |  | $ | — |  |  | $ | 546 |  |  | $ | 15,395 |
Income from properties classified as discontinued operations for the three years ended December 31, 2015 was as follows (in thousands):
| Year Ending December 31,
| 2015 |  | 2014 |  | 2013
Revenues | $ | — |  |  | $ | 892 |  |  | $ | 45,791 |
Property expenses | — |  |  | (346 | ) |  | (17,039 | )
Depreciation and amortization | — |  |  | — |  |  | (12,161 | )
Interest expense | — |  |  | — |  |  | (1,196 | )
| $ | — |  |  | $ | 546 |  |  | $ | 15,395 |
We sold our interests in the following properties during the three years ended December 31, 2015:
Disposition Date |  | Property |  | Segment |  | # of units (unaudited) |  | Rentable Square Feet (unaudited) |  | Contract Sales Price (in thousands) |  | Gain on Sale (in thousands)
March 20, 2015 |  | Country Club Towers (1) |  | Multifamily |  | 227 |  |  | N/A |  |  | $ | 37,800 |  |  | $ | 30,277 |
September 9, 2015 |  | 1225 First Street (1), (2) |  | Multifamily |  | N/A |  |  | N/A |  |  | 14,500 |  |  | — |
October 21, 2015 |  | Munson Hill Towers (1) |  | Multifamily |  | 279 |  |  | N/A |  |  | 57,050 |  |  | 51,395 |
December 14, 2015 |  | Montgomery Village Center (1) |  | Retail |  | N/A |  |  | 197,000 |  |  | 27,750 |  |  | 7,981 |
|  |  |  | Total 2015 |  | 506 |  |  | 197,000 |  |  | $ | 137,100 |  |  | $ | 89,653 |
January 21, 2014 |  | Medical Office Portfolio Transactions III & IV (3) |  | Medical Office |  | N/A |  |  | 427,000 |  |  | $ | 193,561 |  |  | $ | 105,985 |
May 2, 2014 |  | 5740 Columbia Road (1) |  | Retail |  | N/A |  |  | 3,000 |  |  | 1,600 |  |  | 570 |
|  |  |  | Total 2014 |  | N/A |  |  | 430,000 |  |  | $ | 195,161 |  |  | $ | 106,555 |
March 19, 2013 |  | Atrium Building |  | Office |  | N/A |  |  | 79,000 |  |  | $ | 15,750 |  |  | $ | 3,195 |
Various |  | Medical Office Portfolio Transactions I & II |  | Medical Office/ Office |  | N/A |  |  | 1,093,000 |  |  | 307,189 |  |  | 18,949 |
|  |  |  | Total 2013 |  | N/A |  |  | 1,172,000 |  |  | $ | 322,939 |  |  | $ | 22,144 |
(1) These properties are classified as continuing operations. All other sold properties are classified as discontinued operations. (2) Interest in land held for future development. (3)
Taxable Percentage of Dividends Paid | The following is a breakdown of the taxable percentage of our dividends for these years ended December 31, 2015, 2014 and 2013, (unaudited):
| 2015 |  | 2014 |  | 2013
Ordinary income | 78 | % |  | 40 | % |  | 62 | %
Return of capital | 22 | % |  | 52 | % |  | 38 | %
Qualified dividends | — | % |  | — | % |  | — | %
Unrecaptured Section 1250 gain | — | % |  | 8 | % |  | — | %
Capital gain | — | % |  | — | % |  | — | %

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