Real Estate Investments (Tables)

6 Months Ended

Jun. 30, 2014

Business Combinations [Abstract]

Schedule Of Real Estate Acquisitions by Geographic Location

The following table details the purchase price accounting for this transaction.

	Estimated Fair Value			Estimated Useful Life
	(In millions)			(In years)
Building	$	38.1		11.5-33.0
Intangibles:
At-market lease intangibles	2.1			5.8
Below-market ground lease intangibles	(0.1		)	91.3
Below-market lease intangibles	(0.4		)	3.8-6.5
Total intangibles	1.6
Foreclosed mortgage note receivable	(40.0		)
Other assets acquired	1.8
Accounts payable, accrued liabilities and other liabilities assumed	(1.7		)
Cash acquired	0.2
Total cash paid	$	—

Discontinued Operations and Assets Held for Sale

(Dollars in thousands)	June 30, 2014			December 31, 2013
Balance Sheet data:
Land	$	1,674		$	1,578
Buildings, improvements and lease intangibles	13,469			15,400
	15,143			16,978
Accumulated depreciation	(9,506		)	(10,211		)
Assets held for sale, net	5,637			6,767
Other assets, net (including receivables)	122			85
Assets of discontinued operations, net	122			85
Assets held for sale and discontinued operations, net	$	5,759		$	6,852
Accounts payable and accrued liabilities	$	1,005		$	1,091
Other liabilities	36			21
Liabilities of discontinued operations	$	1,041		$	1,112

	Three Months Ended June 30,						Six Months Ended June 30,
(Dollars in thousands)	2014			2013			2014			2013
Statements of Operations data:
Revenues
Rental income	$	123		$	3,170		$	449		$	6,409
	123			3,170			449			6,409
Expenses
Property operating	292			616			862			1,357
General and administrative	1			1			2			3
Depreciation	56			716			198			1,493
Amortization	—			20			—			43
Bad debt, net of recoveries	7			—			8			—
	356			1,353			1,070			2,896
Other Income (Expense)
Loss on extinguishment of debt	—			(270		)	—			(270		)
Interest expense	—			(16		)	—			(41		)
Interest and other income, net	2			6			2			7
	2			(280		)	2			(304		)
Discontinued Operations
Income (loss) from discontinued operations	(231		)	1,537			(619		)	3,209
Impairments	(3,105		)	—			(6,529		)	(3,630		)
Gain on sales of real estate properties	3			1,783			3			1,783
Income (Loss) from Discontinued Operations	$	(3,333	)	$	3,320		$	(7,145	)	$	1,362