Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Schedule of Income (Loss) by Reportable Segment

Segment net income, the balance of the Company’s investment in joint ventures and the amount of capital expenditures are not presented in the following tables. Management does not utilize these measures when analyzing its segments or when making resource allocation decisions, and therefore this information is not provided. FFO is reconciled to net income (loss) on a total Company basis (in thousands):

Three Months Ended March 31, 2014		Office		Retail		Land		Other			Total
Net operating income		$	47,598	$	1,303	$	—	$	1,117		$	50,018
Sales less costs of sales		—		—		160		—			160
Fee income		—		—		—		2,339			2,339
Other income		—		—		—		1,908			1,908
Gain on third party management and leasing business	—	—		—		—		7			7
Separation expenses		—		—		—		(84		)	(84		)
General and administrative expenses		—		—		—		(5,611		)	(5,611		)
Reimbursed expenses		—		—		—		(932		)	(932		)
Interest expense		—		—		—		(9,012		)	(9,012		)
Other expenses		—		—		—		(834		)	(834		)
Preferred stock dividends		—		—		—		(1,777		)	(1,777		)
Funds from operations available to common stockholders		$	47,598	$	1,303	$	160	$	(12,879	)	36,182
Real estate depreciation and amortization, including Company's share of joint ventures											(36,953		)
Gain on sale of depreciated investment properties, including Company's share of joint ventures											5,971
Net income available to common stockholders											$	5,200

Three Months Ended March 31, 2013	Office		Retail		Land		Other			Total
Net operating income	$	21,837	$	4,290	$	—	$	43		$	26,170
Sales less costs of sales	—		—		243		168			411
Fee income	—		—		—		3,654			3,654
Other income	—		—		—		282			282
Third party management and leasing expenses	—		—		—		(53		)	(53		)
General and administrative expenses	—		—		—		(6,069		)	(6,069		)
Reimbursed expenses	—		—		—		(1,910		)	(1,910		)
Interest expense	—		—		—		(6,645		)	(6,645		)
Other expenses	—		—		—		(1,152		)	(1,152		)
Preferred stock dividends	—		—		—		(3,227		)	(3,227		)
Funds from operations available to common stockholders	$	21,837	$	4,290	$	243	$	(14,909	)	11,461
Real estate depreciation and amortization, including Company's share of joint ventures										(15,320		)
Gain on sale of depreciated investment properties including the Company's share of joint ventures										57,029
Net income available to common stockholders										$	53,170

Reconciliation of revenues per Segment to Consolidated Revenues

The following table reconciles information presented in the tables above to the Company’s consolidated revenues (in thousands):

	Three Months Ended March 31,
	2014			2013
Net operating income	$	50,018		$	26,170
Sales less cost of sales	160			411
Fee income	2,339			3,654
Other income	1,908			282
Rental property operating expenses	34,857			15,208
Cost of sales	—			1,145
Net operating income in joint ventures	(6,499		)	(6,447		)
Sales less cost of sales in joint ventures	—			(10		)
Net operating income in discontinued operations	(892		)	(1,806		)
Fee income in discontinued operations	—			(74		)
Other income in discontinued operations	(7		)	(26		)
(Gain) loss on land sales (included in gain on investment properties)	(161		)	(245		)
Total consolidated revenues	$	81,723		$	38,262