Subsequent Events/Other

6 Months Ended

Jun. 30, 2014


14.	Subsequent Events/Other

Subsequent Events

Subsequent to June 30, 2014, the Company:


•	Acquired one land parcel for $13.0 million;


•	Repaid $60.7 million in mortgage loans; and


•	Closed on the sale of its unconsolidated interest in the remaining Residual JV wholly-owned German real estate assets that were acquired as part of the Archstone Acquisition. With this sale, all German real estate assets have now been sold.

Other

During the six months ended June 30, 2014 and 2013, the Company incurred charges of $0.1 million and $0.1 million, respectively, related to property acquisition costs, such as survey, title and legal fees, on the acquisition of operating properties (excluding the Archstone Transaction) and $1.5 million and $3.4 million, respectively, related to the write-off of various pursuit and out-of-pocket costs for terminated acquisition, disposition and development transactions. These costs, totaling $1.6 million and $3.5 million, respectively, are included in other expenses in the accompanying consolidated statements of operations and comprehensive income. See Note 4 for details on the property acquisition costs related to the Archstone Transaction.

During the six months ended June 30, 2014, the Company received $2.3 million for the settlement of various litigation/insurance claims, which are included in interest and other income in the accompanying consolidated statements of operations and comprehensive income.