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Real Estate Properties (Tables)
12 Months Ended
Dec. 31, 2015
Real Estate Properties  
Schedule of future minimum lease payments related properties (excluding real estate tax and other expense reimbursements)

 

 

 

 

 

 

2016

 

215,342

 

 

2017

 

188,941

 

 

2018

 

161,162

 

 

2019

 

133,898

 

 

2020

 

93,792

 

 

Thereafter

 

235,064

 

 

 

$

1,028,199

 

 

Summarized balance sheet information for properties classified as held for sale

 

 

 

 

 

 

 

 

    

December 31,

    

 

 

 

2015

 

 

Real estate properties, net

 

$

3,071

 

 

Rents receivable

 

 

1

 

 

Other assets

 

 

26

 

 

Assets of property held for sale

 

$

3,098

 

 

 

 

 

 

 

 

Other liabilities

 

$

43

 

 

Liabilities of property held for sale

 

$

43

 

 

Summarized balance sheet and income statement information for properties classified as discontinued operations

Balance Sheets:

 

 

 

 

 

 

 

 

 

 

 

 

    

December 31,

    

December 31,

 

 

 

 

2015

 

2014

 

 

Real estate properties, net

 

$

12,260

 

$

12,260

 

 

Rents receivable

 

 

 -

 

 

782

 

 

Other assets

 

 

208

 

 

123

 

 

Assets of discontinued operations

 

$

12,468

 

$

13,165

 

 

 

 

 

 

 

 

 

 

 

Other liabilities

 

$

54

 

$

150

 

 

Liabilities of discontinued operations

 

$

54

 

$

150

 

 

 

Statements of Operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

    

2015

    

2014

 

2013

    

 

Rental income

 

$

114

 

$

1,673

 

$

4,580

 

 

Real estate taxes

 

 

(92)

 

 

(427)

 

 

(678)

 

 

Utility expenses

 

 

(161)

 

 

(226)

 

 

(539)

 

 

Other operating expenses

 

 

(272)

 

 

(459)

 

 

(966)

 

 

Depreciation and amortization

 

 

 —

 

 

 —

 

 

(1,025)

 

 

General and administrative

 

 

(114)

 

 

(181)

 

 

(287)

 

 

Loss on asset impairment

 

 

 —

 

 

 —

 

 

(10,142)

 

 

Increase in carrying value of asset held for sale

 

 

 —

 

 

2,344

 

 

 —

 

 

Net gain on sale of properties

 

 

 —

 

 

774

 

 

8,168

 

 

Income (loss) from discontinued operations

 

$

(525)

 

$

3,498

 

$

(889)