XML 43 R25.htm IDEA: XBRL DOCUMENT v3.10.0.1
Real Estate Assets, Discontinued Operations and Assets Held for Sale (Tables)
6 Months Ended
Jun. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Real Estate Properties [Table Text Block] Real estate assets, excluding assets held-for-sale, consisted of the following (in thousands):
 
June 30, 2018
 
December 31, 2017
Buildings and tenant improvements
$
4,712,182

 
$
4,642,832

Land and improvements
2,073,309

 
1,950,735

Real estate assets
$
6,785,491

 
$
6,593,567

Table Illustration of Number of Properties in Discontinued Operations The following table illustrates the number of sold or held-for-sale properties included in, or excluded from, discontinued operations in this report: 
 
Held-for-Sale at June 30, 2018
 
Sold Year-to-Date in 2018
 
Sold in 2017
 
Total
 
 
 
 
 
 
 
 
Total properties included in discontinued operations
 
 
81
 
81
Properties excluded from discontinued operations
 
13
 
17
 
30
Total properties sold or classified as held-for-sale
 
13
 
98
 
111
Table Illustration of Discontinued Operations in Statement of Operations The following table illustrates the operational results of the buildings reflected in discontinued operations (in thousands):  
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Revenues
$
27

 
$
35,165

 
$
32

 
$
81,404

Operating expenses
4

 
(11,170
)
 
(9
)
 
(26,166
)
Depreciation and amortization

 
(6,315
)
 

 
(25,849
)
Operating income
31

 
17,680

 
23

 
29,389

Interest expense

 
(6,585
)
 

 
(14,204
)
Income before gain on sales and income taxes
31

 
11,095

 
23

 
15,185

Gain on sale of depreciable properties
2,889

 
1,109,091

 
3,021

 
1,109,091

Income from discontinued operations before income taxes
2,920

 
1,120,186

 
3,044

 
1,124,276

Income tax expense

 
(11,613
)
 

 
(11,613
)
Income from discontinued operations
$
2,920

 
$
1,108,573

 
$
3,044

 
$
1,112,663

Allocation of Common Shareholders' Income (Loss) Between Continuing and Discontinued Operations The following table illustrates the General Partner's share of the income attributable to common shareholders from continuing operations and discontinued operations, reduced by the allocation of income between continuing and discontinued operations to the noncontrolling interests (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Income from continuing operations attributable to common shareholders
$
190,952

 
$
118,194

 
$
263,792

 
$
184,362

Income from discontinued operations attributable to common shareholders
2,893

 
1,092,349

 
3,016

 
1,096,381

Net income attributable to common shareholders
$
193,845

 
$
1,210,543

 
$
266,808

 
$
1,280,743

Schedule of Discontinued Operations, Properties Held-for-Sale, Aggregate Balance Sheet Information [Table Text Block] The following table illustrates aggregate balance sheet information for all properties and land held-for-sale (in thousands):
 
Held-for-Sale Properties Included in Continuing Operations
 
June 30, 2018
 
December 31, 2017
Land and improvements
$

 
$
8,157

Buildings and tenant improvements

 
10,505

Undeveloped land

 

Accumulated depreciation

 
(2,553
)
Deferred leasing and other costs, net

 
862

Other assets

 
579

Total assets held-for-sale
$

 
$
17,550

 
 
 
 
Total liabilities related to assets held-for-sale
$

 
$
1,163