XML 44 R29.htm IDEA: XBRL DOCUMENT v3.7.0.1

Real Estate Acquired (Tables)

12 Months Ended

Dec. 31, 2016

Dec. 31, 2014

Real Estate [Abstract]

Allocation of purchase prices to acquired assets and liabilities

The purchase price was allocated to the assets acquired and liabilities assumed based on their fair value as shown in the following table.

(in thousands)	700 N. Glebe Road				Thruway Pad				Total
Land	$	7,236			$	2,196			$	9,432
Buildings	—				874				874
In-place Leases	—				93				93
Above Market Rent	—				—				—
Below Market Rent	—				(63		)		(63		)
Total Purchase Price	$	7,236			$	3,100			$	10,336

The purchase prices were allocated to the assets acquired and liabilities assumed based on their fair value as shown in the following table.

(in thousands)	1580 Rockville Pike				1582 Rockville Pike				750 N. Glebe Road				730 N. Glebe Road				1584 Rockville Pike				Total
Land	$	9,600			$	9,742			$	38,224			$	2,683			$	5,798			$	66,047
Buildings	2,200				828				1,327				78				440				4,873
In-place Leases	513				849				449				39				249				2,099
Above Market Rent	—				—				—				—				—				—
Below Market Rent	(4,313		)		(419		)		—				—				(337		)		(5,069		)
Total Purchase Price	$	8,000			$	11,000			$	40,000			$	2,800			$	6,150			$	67,950

Amortization of intangible assets and deferred income related to in place leases

As of December 31, 2016, scheduled amortization of intangible assets and deferred income related to in place leases is as follows:

(In thousands)	Lease acquisition costs				Above market leases				Below market leases
2017	$	762			$	1			$	1,677
2018	708				1				1,618
2019	537				—				1,481
2020	419				—				1,399
2021	384				—				1,375
Thereafter	840				—				6,887
Total	$	3,650			$	2			$	14,437

X

- References

No definition available.

+ Details

Name:	us-gaap_RealEstateAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472

+ Details

Name:	us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

+ Details

Name:	us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration