CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - Jun. 30, 2015 - USD ($) $ in Thousands	Total	Total
REVENUES:
Rental income	$ 145,917	$ 289,160
Tenant reimbursement income	12,063	25,551
Fee and other income	4,948	9,443
Total revenues	162,928	324,154
EXPENSES:
Operating	57,781	119,665
Depreciation and amortization	79,421	153,004
General and administrative	9,133	21,746
Acquisition and transaction related costs	8,208	9,347
Total expenses	154,543	303,762
Operating income (loss)	8,385	20,392
Income from real estate fund investments	14,072	19,293
Income from unconsolidated joint ventures	2,011	2,986
Unrealized gains on interest rate swaps	21,747	33,725
Interest and other income, net	512	1,366
Interest and debt expense	(42,236)	(84,124)
Net income (loss) before income taxes	4,491	(6,362)
Income tax expense	(1,343)	(1,917)
Net income (loss)	3,148	(8,279)
Less net (income) loss attributable to noncontrolling interests in:
Consolidated joint ventures and funds	(9,004)	(9,672)
Operating Partnership	1,147	3,511
Net income (loss) attributable to common shareholders	$ (4,709)	$ (14,440)
LOSS PER COMMON SHARE - BASIC:
Loss per common share	$ (0.02)	$ (0.07)
Weighted average shares outstanding	212,106,718	212,106,718
LOSS PER COMMON SHARE - DILUTED:
Loss per common share	$ (0.02)	$ (0.07)
Weighted average shares outstanding	212,106,718	212,106,718
DIVIDENDS PER COMMON SHARE	$ 0.095	$ 0.190	[1]

[1] Excludes the $0.039 cash dividend for the 38 day period following the completion of our initial public offering and related formation transactions and ending on December 31, 2014