Assets classified as "held for sale" (Tables)

9 Months Ended

Sep. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

Summary of net assets of discontinued operations and (loss) income from discontinued operations, net

The following is a summary of net assets “held for sale” as of September 30, 2015, and December 31, 2014, (in thousands):

	September 30, 2015		December 31, 2014
Investments in real estate	$	138,200	$	173,706
Other assets	6,659		10,147
Total assets	144,859		183,853
Total liabilities	—		(6,044		)
Net assets classified as “held for sale” (1)	$	144,859	$	177,809

(1) As of September 30, 2015, net assets classified as “held for sale” were composed of three properties.

The following is a summary of the income (loss) included in our income from continuing operations for the three and nine months ended September 30, 2015 and 2014, from assets classified as “held for sale” (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Total revenues	$	3,454		$	3,108		$	9,694		$	9,418
Operating expenses	(1,163		)	(1,134		)	(3,293		)	(2,971		)
Total revenues less operating expenses from assets “held for sale”	2,291			1,974			6,401			6,447
Depreciation expense	—			(2,025		)	(503		)	(6,103		)
Impairment of real estate	—			(295		)	(14,510		)	(295		)
Income (loss) from assets “held for sale” (1)	$	2,291		$	(346	)	$	(8,612	)	$	49

(1) Includes the results of operations of three properties with an aggregate 317,060 RSF that were classified as “held for sale” as of September 30, 2015, and three properties with an aggregate 196,859 RSF that were sold during the nine months ended September 30, 2015, but do not qualify for classification as discontinued operations. For additional information, refer to Note 2 – “Basis of Presentation and Summary of Significant Accounting Policies” to our unaudited consolidated financial statements under Item 1 of this report.