ACQUISITIONS AND DISPOSITIONS (Tables)

6 Months Ended

Jun. 30, 2017

Disposal Group, Disposed of by Sale, Not Discontinued Operations

Disposals

Disposal Group Detail

The following is the detail of the carrying amount of assets and liabilities at the time of the sales of the properties in 2017:

	(in thousands)
Assets
Investments in real estate, net	$	319,078
Deferred rent receivable and charges, net	22,089
Other intangible assets, net	129
Other assets	38
Total assets	$	341,334
Liabilities
Debt, net (1)	$	64,777
Intangible liabilities, net	1,800
Total liabilities	$	66,577

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(1) Net of $665,000 of premium on assumed mortgage.

Property	Asset Type	Date of Sale	Rooms	Sales Price		Gain on Sale
				(in thousands)
Courtyard Oakland, Oakland, CA	Hotel	February 2, 2016	162	$	43,800	$	24,739

Property	Asset Type	Date of Sale	Square Feet / Units	Sales Price		Gain on Sale
				(in thousands)
211 Main Street, San Francisco, CA	Office	March 28, 2017	417,266	$	292,882	$	187,734
3636 McKinney Avenue, Dallas, TX	Multifamily	May 30, 2017	103	$	20,000	$	5,488
3839 McKinney Avenue, Dallas, TX	Multifamily	May 30, 2017	75	$	14,100	$	4,224
200 S College Street, Charlotte, NC	Office	June 8, 2017	567,865	$	148,500	$	45,906
980 9th Street and 1010 8th Street, Sacramento, CA	Office & Parking Garage	June 20, 2017	485,926	$	120,500	$	34,829
4649 Cole Avenue, Dallas, TX	Multifamily	June 23, 2017	334	$	64,000	$	25,836

Disposal Group, Held-for-sale, Not Discontinued Operations

Disposals

Disposal Group Detail

The following is the detail of the carrying amounts of assets and liabilities of the properties that are classified as held for sale on our consolidated balance sheet as of June 30, 2017:

	(in thousands)
Assets
Investments in real estate, net (1)	$	118,221
Cash and cash equivalents	2,904
Restricted cash	51
Accounts receivable, net	251
Deferred rent receivable and charges, net	1,865
Other intangible assets, net (2)	1,124
Other assets	722
Total assets held for sale, net	$	125,138
Liabilities
Debt, net (3)	$	50,230
Accounts payable and accrued expenses	1,402
Due to related parties	195
Other liabilities	1,059
Total liabilities associated with assets held for sale, net	$	52,886

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(1) Investments in real estate of $136,153,000 are presented net of accumulated depreciation of $17,932,000.

(2) Other intangible assets, net, represents a tax abatement asset of $4,273,000 associated with 47 E 34th Street, which is presented net of accumulated amortization of $3,149,000.

(3) Debt includes the outstanding principal balances of 7083 Hollywood Boulevard and 4200 Scotland Street, which are $21,700,000 and $28,868,000, respectively. Debt is presented net of deferred loan costs of $524,000 and the accumulated amortization of $186,000.