Annual report pursuant to Section 13 and 15(d)

Nature of Business (Tables)

v2.4.0.6
Nature of Business (Tables)
12 Months Ended
Dec. 31, 2011
Nature Of Business [Abstract]  
Schedule of Dispositions
During the three years ended December 31, 2011, we sold the following properties:
Disposition Date
Property
Type
Gain on Sale
(in  thousands)
April 5, 2011
Dulles Station, Phase I
Office
$

Various (1)
Industrial Portfolio (1)
Office/Industrial
97,491

 
 
Total 2011
$
97,491

 
 
 
 
June 18, 2010
Parklawn Portfolio(2)
Office/Industrial
$
7,900

December 21, 2010
The Ridges
Office
4,500

December 22, 2010
Ammendale I&II/Amvax
Industrial
9,200

 
 
Total 2010
$
21,600

 
 
 
 
May 13, 2009
Avondale
Multifamily
$
6,700

July 23, 2009
Tech 100 Industrial Park
Industrial
4,100

July 31, 2009
Brandywine Center
Office
1,000

November 13, 2009
Crossroads Distribution Center
Industrial
1,500

 
 
Total 2009
$
13,300

(1) 
The Industrial Portfolio consists of every property in our industrial segment and two office properties (the Crescent and Albemarle Point), and we closed on the sale on three separate dates. On September 2, 2011, we closed on the sale of the two office properties (the Crescent and Albemarle Point) and 8880 Gorman Road, Dulles South IV, Fullerton Business Center, Hampton Overlook, Alban Business Center, Pickett Industrial Park, Northern Virginia Industrial Park I, 270 Technology Park, Fullerton Industrial Center, Sully Square, 9950 Business Parkway, Hampton South and 8900 Telegraph Road. On October 3, 2011, we closed the sale of Northern Virginia Industrial Park II. On November 1, 2011, we closed on the sale of 6100 Columbia Park Road and Dulles Business Park I and II.

(2) 
The Parklawn Portfolio consists of three office properties (Parklawn Plaza, Lexington Building and Saratoga Building) and one industrial property (Charleston Business Center).
We sold the following properties during the three years ended December 31, 2011:
Disposition Date
 
Property
 
Type
 
Rentable
Square Feet
(unaudited)
 
Contract
Sales Price
(in thousands)
 
Gain on Sale
(in  thousands)
Various (1)
 
Industrial Portfolio (1)
 
Industrial/Office
 
3,092,000

 
$
350,900

 
$
97,491

April 5, 2011
 
Dulles Station, phase I
 
Office
 
180,000

 
58,800

 

 
 
 
 
Total 2011
 
3,272,000

 
$
409,700

 
$
97,491

 
 
 
 
 
 
 
 
 
 
 
June 18, 2010
 
Parklawn Portfolio (2)
 
Office/Industrial
 
229,000

 
$
23,400

 
$
7,900

December 21, 2010
 
The Ridges
 
Office
 
104,000

 
27,500

 
4,500

December 22, 2010
 
Ammendale I&II and Amvax
 
Industrial
 
305,000

 
23,000

 
9,200

 
 
 
 
Total 2010
 
638,000

 
$
73,900

 
$
21,600

 
 
 
 
 
 
 
 
 
 
 
May 13, 2009
 
Avondale
 
Multifamily
 
170,000

 
$
19,800

 
$
6,700

July 23, 2009
 
Tech 100 Industrial Park
 
Industrial
 
166,000

 
10,500

 
4,100

July 31, 2009
 
Brandywine Center
 
Office
 
35,000

 
3,300

 
1,000

November 13, 2009
 
Crossroads Distribution Center
 
Industrial
 
85,000

 
4,400

 
1,500

 
 
 
 
Total 2009
 
456,000

 
$
38,000

 
$
13,300

 
(1) 
The Industrial Portfolio consists of every property in our industrial segment and two office properties (the Crescent and Albemarle Point), and we closed on the sale on three separate dates. On September 2, 2011, we closed on the sale of the two office properties (the Crescent and Albemarle Point) and 8880 Gorman Road, Dulles South IV, Fullerton Business Center, Hampton Overlook, Alban Business Center, Pickett Industrial Park, Northern Virginia Industrial Park I, 270 Technology Park, Fullerton Industrial Center, Sully Square, 9950 Business Parkway, Hampton South and 8900 Telegraph Road. On October 3, 2011, we closed the sale of Northern Virginia Industrial Park II. On November 1, 2011, we closed on the sale of 6100 Columbia Park Road and Dulles Business Park I and II.
(2) 
The Parklawn Portfolio consists of three office properties (Parklawn Plaza, Lexington Building and Saratoga Building) and one industrial property (Charleston Business Center).
Taxable Percentage of Dividends Paid
The following is a breakdown of the taxable percentage of our dividends for 2011, 2010 and 2009, respectively (unaudited):
 
2011
 
2010
 
2009
Ordinary income
60
%
 
55
%
 
75
%
Return of capital
17
%
 
31
%
 
17
%
Qualified dividends
5
%
 
%
 
%
Unrecaptured Section 1250 gain
13
%
 
11
%
 
7
%
Capital gain
5
%
 
3
%
 
1
%