REAL ESTATE SALES

6 Months Ended

Jun. 30, 2020

Discontinued Operations and Disposal Groups [Abstract]

During the six months ended June 30, 2020, the Company sold one office property. The results of operations for the property sold during the six months ended June 30, 2020 are included in continuing operations on the Company’s consolidated statements of operations. As of June 30, 2020, the Company did not have any real estate properties held for sale. The following table summarizes certain revenue and expenses related to the property that was sold during the six months ended June 30, 2020, which were included in continuing operations (in thousands):


	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2020		2019		2020		2019
Revenues
Rental income	$	—	$	561	$	100	$	1,110
Other operating income	—		21		—		42
Total revenues	$	—	$	582	$	100	$	1,152
Expenses
Operating, maintenance, and management	$	—	$	159	$	41	$	322
Property management fees and expenses to affiliate	—		9		1		17
Real estate taxes and insurance	—		74		15		149
Asset management fees to affiliate	—		54		10		108
General and administrative expenses	—		3		18		5
Depreciation and amortization	—		144		—		284
Interest expense	—		365		30		636
Total expenses	$	—	$	808	$	115	$	1,521

The following summary presents the major components of assets and liabilities related to real estate held for sale as of June 30, 2020 and December 31, 2019 (in thousands). No real estate properties were held for sale as of June 30, 2020:


	June 30, 2020		December 31, 2019
Assets related to real estate held for sale
Total real estate, at cost	$	—	$	20,602
Accumulated depreciation and amortization	—		(2,008)
Real estate held for sale, net	—		18,594
Other assets	—		760
Total assets related to real estate held for sale	$	—	$	19,354
Liabilities related to real estate held for sale
Total notes payable, net	$	—	$	13,948
Other liabilities	—		1,057
Total liabilities related to real estate held for sale	$	—	$	15,005