Segment Information (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2020 and 2019 from these segments, and reconcile net operating income of our reportable segments to net (loss) income attributable to the controlling interests as reported (in thousands):


	Three Months Ended September 30, 2020
	Office		Multifamily		Corporate and Other		Consolidated
Real estate rental revenue	$	32,579	$	36,266	$	4,382	$	73,227
Real estate expenses	12,342		14,988		1,342		28,672
Net operating income	$	20,237	$	21,278	$	3,040	$	44,555
Depreciation and amortization							(30,470)
General and administrative expenses							(6,330)


Interest expense							(8,711)










Net loss							(956)
Less: Net income attributable to noncontrolling interests in subsidiaries							—
Net loss attributable to the controlling interests							$	(956)
Capital expenditures	$	6,201	$	6,520	$	389	$	13,110
Total assets	$	1,056,074	$	1,338,812	$	137,386	$	2,532,272


	Three Months Ended September 30, 2019
	Office		Multifamily		Corporate and Other (1)		Consolidated
Real estate rental revenue	$	39,810	$	35,790	$	4,659	$	80,259
Real estate expenses	15,148		14,232		1,312		30,692
Net operating income	$	24,662	$	21,558	$	3,347	$	49,567
Depreciation and amortization							(37,340)

General and administrative expenses							(6,461)

Interest expense							(14,198)






Discontinued operations:

Income from operations of properties sold or held for sale							2,942
Gain on sale of real estate							339,024
Loss on extinguishment of debt							(764)
Net income							332,770
Less: Net income attributable to noncontrolling interests in subsidiaries							—
Net income attributable to the controlling interests							$	332,770
Capital expenditures	$	6,039	$	5,742	$	369	$	12,150
Total assets	$	1,191,838	$	1,333,146	$	150,092	$	2,675,076

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


	Nine Months Ended September 30, 2020
	Office		Multifamily		Corporate and Other		Consolidated
Real estate rental revenue	$	101,163	$	108,882	$	12,844	$	222,889
Real estate expenses	37,176		43,083		3,937		84,196
Net operating income	$	63,987	$	65,799	$	8,907	$	138,693
Depreciation and amortization							(89,789)

General and administrative							(17,963)

Interest expense							(28,307)


Loss on sale of real estate							(7,539)

Gain on extinguishment of debt							262






Net loss							(4,643)
Less: Net income attributable to noncontrolling interests in subsidiaries							—
Net loss attributable to the controlling interests							$	(4,643)
Capital expenditures	$	21,120	$	15,477	$	2,089	$	38,686


	Nine Months Ended September 30, 2019
	Office		Multifamily		Corporate and Other (1)		Consolidated
Real estate rental revenue	$	124,164	$	90,012	$	14,337	$	228,513
Real estate expenses	45,937		34,928		4,104		84,969
Net operating income	$	78,227	$	55,084	$	10,233	$	143,544
Depreciation and amortization							(97,441)

General and administrative							(19,803)
Interest expense							(41,946)

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							16,158
Gain on sale of real estate							339,024
Loss on extinguishment of debt							(764)
Net income							329,352
Less: Net income attributable to noncontrolling interests in subsidiaries							—
Net income attributable to the controlling interests							$	329,352
Capital expenditures	$	16,347	$	12,841	$	1,717	$	30,905

______________________________

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