Real Estate Acquisitions and Dispositions

3 Months Ended

Mar. 31, 2018

Real Estate Acquisitions and Dispositions

Real Estate Acquisitions and Dispositions

9. Real Estate Acquisitions and Dispositions

During the first three months of 2018, we recorded net gains of $135.3 million primarily related to disposition activity which included the foreclosure of a consolidated property in satisfaction of its $200 million non-recourse mortgage.

Unless otherwise noted, gains and losses on the above transactions are included in gain upon acquisition of controlling interests, sale or disposal of assets and interests in unconsolidated entities and impairment, net in the accompanying consolidated statements of operations and comprehensive income. We capitalize asset acquisition costs and expense costs related to business combinations, as well as disposition related costs as they are incurred. We incurred a minimal amount of transaction expenses during the three months ended March 31, 2018 and 2017.