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Assets Held for Sale (Tables)
 12 Months Ended
Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]  
Summary of net assets of discontinued operations and income from discontinued operations, net
The following is a summary of net assets “held for sale” as of December 31, 2015 and 2014 (in thousands):
 
As of December 31,
 
2015
 
2014
Properties “held for sale”
$
4,884

 
$
118,603

Other assets
1,303

 
6,671

Total assets
6,187

 
125,274

 
 
 
 
Total liabilities
—

 
(6,385
)
Net assets “held for sale” (1)
$
6,187

 
$
118,889


(1)
As of December 31, 2015, net assets “held for sale” included one property with an aggregate of 71,000 RSF that was classified as “held for sale.” As of December 31, 2014, net assets “held for sale” included one property as well as four additional properties with an aggregate of 279,733 RSF that were sold during the year ended December 31, 2015.

The following is a summary of the loss included in our income from continuing operations for the years ended December 31, 2015, 2014, and 2013 from assets classified as “held for sale” (in thousands):
 
Year Ended December 31,
 
2015
 
2014
 
2013
Total revenues
$
5,093

 
$
5,008

 
$
5,376

Operating expenses
(2,084
)
 
(3,410
)
 
(3,147
)
Total revenues less operating expenses from assets classified as “held for sale”, not qualifying as discontinued operations
3,009

 
1,598

 
2,229

Depreciation expense
(883
)
 
(5,301
)
 
(8,035
)
Impairment of real estate
(23,250
)
 
(17,709
)
 
—

Gain on assets held for sale
12,426

 
—

 
—

Loss from assets classified as “held for sale”, not qualifying as discontinued operations (1)
$
(8,698
)
 
$
(21,412
)
 
$
(5,806
)

(1)
Includes the results of operations of one property with an aggregate 71,000 RSF that was classified as “held for sale” as of December 31, 2015, and four properties with an aggregate 279,733 RSF that were sold during the year ended December 31, 2015, but did 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 consolidated financial statements under Item 15 in this Report.