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Acquisition, Disposals and Assets Held for Sale (Notes) | 12 Months Ended
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Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract] |
Mergers, Acquisitions and Dispositions Disclosures [Text Block] | Acquisitions, Dispositions and Assets Held for Sale Acquisitions In December 2019, we acquired F1RST Residences, a 325-unit multifamily asset in the Ballpark submarket of Washington, D.C. with approximately 21,000 square feet of street level retail, for $160.5 million through a like-kind exchange agreement with a third-party intermediary. See Note 7 for additional information. The multifamily portion of the building was 91.7% occupied as of December 31, 2019. Transaction costs related to the asset acquisition of $4.7 million were included in the cost of the acquisition. During the year ended December 31, 2018, we purchased a land parcel and the remaining interest in the West Half real estate venture for an aggregate purchase price of $28.0 million. Dispositions The following is a summary of disposition activity for the year ended December 31, 2019:
Date Disposed |  | Assets |  | Segment |  | Location |  | Total Square Feet |  | Gross Sales Price |  | Cash Proceeds from Sale |  | Gain on Sale of Real Estate
|  |  |  |  |  |  |  |  |  | (In thousands)
February 4, 2019 |  | Commerce Executive / Commerce Metro Land (1) (2) |  | Commercial / Other |  | Reston, Virginia |  | 388,562 |  |  | $ | 114,950 |  |  | $ | 117,676 |  |  | $ | 39,033 |
July 31, 2019 |  | 1600 K Street |  | Commercial |  | Washington, D.C. |  | 82,653 |  |  | 43,000 |  |  | 40,134 |  |  | 8,088 |
December 18, 2019 |  | Vienna Retail |  | Commercial |  | Vienna, Virginia |  | 8,584 |  |  | 7,400 |  |  | 7,005 |  |  | 4,514 |
|  |  |  |  |  | 479,799 |  |  | $ | 165,350 |  |  | $ | 164,815 |  |  | 51,635 |
December 12, 2019 |  | Central Place Tower (3) |  | Commercial |  | Arlington, Virginia |  |  |  |  |  |  |  | 53,356 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 104,991 |
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(1) | The sale also included 894,000 square feet of estimated potential development density. The sale was part of a like-kind exchange. See Note 7 for additional information.
(2) | Cash proceeds include the reimbursement of $4.0 million of tenant improvement costs and leasing commissions paid by us prior to the closing.
(3) | Represents the gain, net of certain liabilities, on the sale of a 50.0% interest in the entity that owns Central Place Tower and the remeasurement of our remaining 50.0% interest to fair value. See Note 6 for additional information.
During the year ended December 31, 2018, we sold four commercial assets, a future development asset and the out-of-service portion of a multifamily asset for an aggregate gross sales price of $427.4 million, resulting in gains on sale of real estate of $52.2 million. Assets Held for Sale As of December 31, 2019 and 2018, we had certain real estate properties that were classified as held for sale. The amounts included in "Assets held for sale" in our balance sheets primarily represent the carrying value of real estate. The following is a summary of assets held for sale:
Assets |  | Segment |  | Location |  | Total Square Feet |  | Assets Held for Sale |  | Liabilities Related to Assets Held for Sale
|  |  |  |  |  |  | (In thousands)
December 31, 2019 |  |  |  |  |  |  |  |  |  |
Pen Place (1) |  | Other |  | Arlington, Virginia |  | — |  |  | $ | 73,895 |  |  | $ | — |
Metropolitan Park (1) |  | Other |  | Arlington, Virginia |  | — |  |  | 94,517 |  |  | — |
|  |  |  |  |  | — |  |  | $ | 168,412 |  |  | $ | — |
December 31, 2018 |  |  |  |  |  |  |  |  |  |
Commerce Executive / Commerce Metro Land (2) |  | Commercial |  | Reston, Virginia |  | 388,562 |  |  | $ | 78,981 |  |  | $ | 3,717 |
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(1) | In March 2019, we entered into agreements for the sale of Pen Place and Metropolitan Park, land sites having an aggregate estimated potential development density of up to approximately 4.1 million square feet, for approximately $293.9 million, subject to customary closing conditions. In January 2020, we sold the Metropolitan Park land sites to Amazon for the gross sales price of $155.0 million, which represents an $11.0 million increase over the previously estimated contract value as the result of an increase in the approved development density on the sites. The sale was part of a like-kind exchange. See Note 7 for additional information.
(2) | As noted above, we sold Commerce Executive/Commerce Metro Land in February 2019.

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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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