Discontinued Operations and Assets Held for Sale (Tables)

9 Months Ended

Sep. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Table Illustration of Number of Properties in Discontinued Operations

The following table illustrates the number of sold or held-for-sale properties included in, or excluded from, discontinued operations:

	Held-for-Sale at September 30, 2016	Sold Year-to-Date in 2016	Sold in 2015	Total
Industrial	0	0	5	5
Medical Office	0	0	1	1
Non-reportable Rental Operations	0	0	56	56
Total properties included in discontinued operations	0	0	62	62
Properties excluded from discontinued operations	1	22	91	114
Total properties sold or classified as held-for-sale	1	22	153	176

Table Illustration of Discontinued Operations in Statement of Operations

The following table illustrates the operational results of the buildings reflected in discontinued operations (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016		2015
Revenues	$	380		$	7		$	735	$	32,171
Operating expenses	(3		)	(50		)	6		(12,449		)
Depreciation and amortization	—			—			—		(3,517		)
Operating income	377			(43		)	741		16,205
Interest expense	—			—			—		(5,659		)
Income before gain on sales	377			(43		)	741		10,546
Gain on sale of depreciable properties	319			66			485		417,795
Income from discontinued operations before income taxes	696			23			1,226		428,341
Income tax expense	—			45			—		(3,175		)
Income from discontinued operations	$	696		$	68		$	1,226	$	425,166

Allocation of Common Shareholders' Income (Loss) Between Continuing and Discontinued Operations

The following table illustrates the General Partner's share of the income attributable to common shareholders from continuing operations and discontinued operations, reduced by the allocation of income between continuing and discontinued operations to the Limited Partner Units (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Income from continuing operations attributable to common shareholders	$	111,325	$	76,367	$	263,174	$	170,294
Income from discontinued operations attributable to common shareholders	689		67		1,214		420,764
Net income attributable to common shareholders	$	112,014	$	76,434	$	264,388	$	591,058

Schedule of Discontinued Operations, Properties Held-for-Sale, Aggregate Balance Sheet Information [Table Text Block]

The following table illustrates aggregate balance sheet information for all held-for-sale properties (in thousands):

	Held-for-Sale Properties Included in Continuing Operations
	September 30, 2016			December 31, 2015
Land and improvements	$	5,142		$	9,797
Buildings and tenant improvements	6,032			39,480
Undeveloped land	9,939			—
Accumulated depreciation	(3,763		)	(7,183		)
Deferred leasing and other costs, net	419			3,293
Other assets	415			414
Total assets held-for-sale	$	18,184		$	45,801
Accrued expenses	$	150		$	322
Other liabilities	88			650
Total liabilities held-for-sale	$	238		$	972

Asset Impairment Charges [Text Block]

The following table illustrates impairment charges recognized (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Impairment charges - land	$	—	$	2,426	$	12,056	$	7,032
Impairment charges - building	3,042		—		3,042		864
Impairment charges	$	3,042	$	2,426	$	15,098	$	7,896