Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Reconciliation of Net Operating Income of Reportable Segments

The following tables present revenues, net operating income, capital expenditures and total assets for the three and six months ended June 30, 2020 and 2019 from these segments, and reconcile net operating income of reportable segments to net (loss) income attributable to the controlling interests as reported (in thousands):


	Three Months Ended June 30, 2020
	Office		Multifamily		Corporate and Other		Consolidated
Real estate rental revenue	$	32,914	$	36,038	$	3,918	$	72,870
Real estate expenses	11,517		14,110		1,258		26,885
Net operating income	$	21,397	$	21,928	$	2,660	$	45,985
Depreciation and amortization							(29,599)
General and administrative expenses							(5,296)


Interest expense							(8,751)

Loss on sale of real estate							(7,539)



Loss on extinguishment of debt							(206)




Net loss							(5,406)
Less: Net income attributable to noncontrolling interests in subsidiaries							—
Net loss attributable to the controlling interests							$	(5,406)
Capital expenditures	$	7,831	$	5,488	$	1,287	$	14,606
Total assets	$	1,063,283	$	1,337,731	$	141,708	$	2,542,722


	Three Months Ended June 30, 2019
	Office		Multifamily		Corporate and Other ⁽¹⁾		Consolidated
Real estate rental revenue	$	42,061	$	29,887	$	4,872	$	76,820
Real estate expenses	15,565		11,226		1,343		28,134
Net operating income	$	26,496	$	18,661	$	3,529	$	48,686
Depreciation and amortization							(33,044)

General and administrative expenses							(5,535)

Interest expense							(15,252)

Loss on sale of real estate							(1,046)






Income from operations of properties sold or held for sale							7,178

Net income							987
Less: Net income attributable to noncontrolling interests in subsidiaries							—
Net income attributable to the controlling interests							$	987
Capital expenditures	$	5,385	$	5,296	$	726	$	11,407
Total assets	$	1,196,703	$	1,260,847	$	360,547	$	2,818,097

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⁽¹⁾ Total assets and capital expenditures include all retail properties, including those classified as discontinued operations.


	Six Months Ended June 30, 2020
	Office		Multifamily		Corporate and Other		Consolidated
Real estate rental revenue	$	68,584	$	72,616	$	8,462	$	149,662
Real estate expenses	24,834		28,095		2,595		55,524
Net operating income	$	43,750	$	44,521	$	5,867	$	94,138
Depreciation and amortization							(59,319)

General and administrative							(11,633)

Interest expense							(19,596)


Loss on sale of real estate							(7,539)

Gain on extinguishment of debt							262






Net loss							(3,687)
Less: Net income attributable to noncontrolling interests in subsidiaries							—
Net loss attributable to the controlling interests							$	(3,687)
Capital expenditures	$	14,919	$	8,957	$	1,700	$	25,576


	Six Months Ended June 30, 2019
	Office		Multifamily		Corporate and Other ⁽¹⁾		Consolidated
Real estate rental revenue	$	84,354	$	54,222	$	9,678	$	148,254
Real estate expenses	30,789		20,696		2,792		54,277
Net operating income	$	53,565	$	33,526	$	6,886	$	93,977
Depreciation and amortization							(60,101)

General and administrative							(13,342)
Interest expense							(27,748)

Loss on sale of real estate							(1,046)
Real estate impairment							(8,374)



Discontinued operations:

Income from operations of properties sold or held for sale							13,216

Net loss							(3,418)
Less: Net income attributable to noncontrolling interests in subsidiaries							—
Net loss attributable to the controlling interests							$	(3,418)
Capital expenditures	$	10,308	$	7,099	$	1,348	$	18,755

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⁽¹⁾ Total assets and capital expenditures include all retail properties, including those classified as discontinued operations.