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Real Estate Investments (Tables)
 6 Months Ended
Jun. 30, 2016
Business Combinations [Abstract]  
Schedule of Acquisitions
The following table details the Company's acquisitions for the six months ended June 30, 2016:
(Dollars in millions)
Date
Acquired
 
Purchase Price

 
Purchase Price Credits (1)

 
Mortgage
Notes Payable Assumed (2)

 
Cash
Consideration (3)

 
Real
Estate

 
Other (4)

 
Square
Footage

Real estate acquisitions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Washington
3/31/16
 
$
38.3

 
$
(0.6
)
 
$
—

 
$
37.7

 
$
37.7

 
$
—

 
69,712

Washington
4/29/16
 
21.6

 
(2.8
)
 
—

 
18.8

 
20.1

 
(1.3
)
 
46,637

California
5/13/16
 
20.0

 
(0.3
)
 
(13.2
)
 
6.5

 
20.4

 
(0.7
)
 
63,012

 
 
 
$
79.9

 
$
(3.7
)
 
$
(13.2
)
 
$
63.0

 
$
78.2

 
$
(2.0
)
 
179,361

______
(1)
Includes tenant improvement and capital expenditure obligations as well as other assets acquired and liabilities assumed upon acquisition.
(2)
The mortgage note payable assumed in the acquisition does not reflect the fair value adjustments totaling $0.8 million recorded by the Company upon acquisition (included in Other).
(3)
Cash consideration excludes prorations of revenue and expense due to/from seller at the time of the acquisition.
(4)
Includes assets acquired, liabilities assumed, intangibles recognized at acquisition and fair value adjustments on debt assumed.
Discontinued Operations and Assets Held for Sale
The table below reflects the assets and liabilities of the property classified as held for sale as of June 30, 2016 and December 31, 2015.
(Dollars in thousands)
June 30,
2016
 
December 31,
2015
Balance Sheet data:
 
 
 
Land
$
422

 
$
422

Buildings, improvements and lease intangibles
1,350

 
1,350

 
1,772

 
1,772

Accumulated depreciation
(1,070
)
 
(1,070
)
Assets held for sale, net
702

 
702

Other assets, net (including receivables)
8

 
22

Assets of discontinued operations, net
8

 
22

Assets held for sale and discontinued operations, net
$
710

 
$
724

 
 
 
 
Accounts payable and accrued liabilities
$
15

 
$
28

Other liabilities
2

 
5

Liabilities of discontinued operations
$
17

 
$
33


Discontinued Operations
The following table represents the results of operations of the properties included in discontinued operations on the Company's Condensed Consolidated Statements of Income for the three and six months ended June 30, 2016 and 2015.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(Dollars in thousands)
2016
 
2015
 
2016
 
2015
Statements of Income data:
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
 
Rental income
$
—

 
$
348

 
$
—

 
$
690

 
—

 
348

 
—

 
690

Expenses
 
 
 
 
 
 
 
Property operating
19

 
19

 
27

 
48

Bad debts, net of recoveries
—

 
(1
)
 
—

 
(1
)
 
19

 
18

 
27

 
47

Other Income (Expense)
 
 
 
 
 
 
 
Interest and other income, net
—

 
—

 
—

 
20

 
—

 
—

 
—

 
20

Discontinued Operations
 
 
 
 
 
 
 
Income (Loss) from discontinued operations
(19
)
 
330

 
(27
)
 
663

Gain on sale of properties
7

 
—

 
7

 
—

Income (Loss) from Discontinued Operations
$
(12
)
 
$
330

 
$
(20
)
 
$
663