Properties, Net |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Real Estate [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Properties, Net | Properties, Net Operating properties, net consisted of the following (in thousands):
We had land in Hanover, Maryland previously included in total properties, net on our consolidated balance sheet that was classified as assets held for sale as of June 30, 2026. On April 23, 2026, we acquired approximately 17 acres of land for a purchase price of $43.0 million, subject to a ground lease underlying two fully-leased operating properties located at 15020 and 15030 Conference Center Drive in Chantilly, Virginia (included in the NoVA Defense/IT sub-segment of our Defense/IT Portfolio reportable segment). We recorded this transaction as an investment in a sales-type lease (see Note 5). On May 1, 2026, we sold non-operating properties in Aberdeen, Maryland for $8.5 million and recognized a gain on sale of $6.4 million.
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