Segments Disclosure (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of Each Reportable Segment Information

The following tables provide selected results for each reportable segment for the three months ended March 31, 2015 and 2014.

	For the three months ended March 31, 2015
	Owned
(Amounts in thousands)	Properties			Other			Total
Income Statement data:
Revenues
Rental income	$	142,477		$	766		$	143,243
Tenant reimbursement income		13,488			-			13,488
Fee and other income		2,955			1,540			4,495
Total revenues		158,920			2,306			161,226
Total expenses		135,651			12,429			148,080
Operating income		23,269			(10,123	)		13,146
Income from real estate fund investments		-			5,221			5,221
Income from partially owned entities		940			35			975
Unrealized gains on interest rate swaps		11,978			-			11,978
Interest and other income, net		94			760			854
Interest and debt expense		(39,132	)		(2,756	)		(41,888	)
Acquisition and transaction related costs		-			(1,139	)		(1,139	)
Net loss before income taxes		(2,851	)		(8,002	)		(10,853	)
Income tax expense		(460	)		(114	)		(574	)
Net loss		(3,311	)		(8,116	)		(11,427	)
Add:
Depreciation and amortization expense		73,337			246			73,583
General and administrative expenses		42			12,571			12,613
Interest and debt expense		39,132			2,756			41,888
Acquisition and transaction related costs		-			1,139			1,139
Income tax expense		460			114			574
NOI from partially owned entities		3,736			45			3,781
Less:
Income from real estate fund investments		-			(5,221	)		(5,221	)
Income from partially owned entities		(940	)		(35	)		(975	)
Fee income		-			(1,535	)		(1,535	)
Unrealized gains on interest rate swaps		(11,978	)		-			(11,978	)
Interest and other income, net		(94	)		(760	)		(854	)
Net operating income	$	100,384		$	1,204		$	101,588

Predecessor [Member]

Schedule of Each Reportable Segment Information

In addition, our Predecessor included a Management Company that performed property management and asset management services and certain general and administrative level functions, including legal and accounting, as a separate reportable segment.   

	For the three months ended March 31, 2014
	Owned			Managed			Management
(Amounts in thousands)	Properties			Funds			Company			Eliminations			Total
Income Statement data:
Revenues
Rental income	$	7,651		$	162		$	-		$	-		$	7,813
Tenant reimbursement income		455			-			-			-			455
Distributions from real estate fund investments		-			6,503			-			-			6,503
Realized and unrealized gains, net		-			46,167			-			-			46,167
Fee and other income		-			-			13,773			(8,591	)		5,182
Total revenues		8,106			52,832			13,773			(8,591	)		66,120
Total expenses		6,825			10,526			11,592			(8,591	)		20,352
Operating income		1,281			42,306			2,181			-			45,768
Income from partially owned entities		1,132			-			14,290			(14,290	)		1,132
Unrealized gains on interest rate swaps		-			158			-			-			158
Interest and other income, net		663			46			-			-			709
Interest and debt expense		(3,785	)		(4,014	)		-			-			(7,799	)
Net income before income taxes		(709	)		38,496			16,471			(14,290	)		39,968
Income tax expense		-			-			(3,263	)		-			(3,263	)
Net income (loss)		(709	)		38,496			13,208			(14,290	)		36,705
Net income attributable to noncontrolling interests		-			(27,310	)		-			-			(27,310	)
Net income (loss) attributable to the Predecessor	$	(709	)	$	11,186		$	13,208		$	(14,290	)	$	9,395