Assets Held for Sale or Contribution and Discontinued Operations

12 Months Ended

Dec. 31, 2015

Real Estate Assets Held For Development And Sale [Abstract]

Assets Held for Sale or Contribution and Discontinued Operations

Note 6. Assets Held for Sale or Contribution and Discontinued Operations

Assets Held for Sale or Contribution

We have classified our investments in certain real estate properties that met the criteria to be classified as held for sale. These properties are expected to be sold to third parties or contributed to unconsolidated co-investment ventures within twelve months of classification as such. The amounts included in held for sale represented real estate investment balances and the related assets and liabilities for each property. Assets held for sale or contribution consisted of the following (dollars and square feet in thousands):

	2015		2014
Number of operating properties		17		7
Square feet		5,065		457
Total assets held for sale or contribution	$	378,423	$	43,934
Total liabilities associated with assets held for sale or contribution – included in Other Liabilities	$	6,874	$	-

Discontinued Operations

We had no property dispositions that met the criteria for discontinued operations in 2015 or 2014. The following table summarizes income for 2013, attributable to properties disposed of during 2013, or held for sale at December 31, 2013 (in thousands):

Rental revenue and recoveries	$	34,105
Rental expenses		(10,633	)
Depreciation and amortization		(15,339	)
Interest expense		(1,163	)
Income attributable to disposed properties and assets held for sale	$	6,970