Real Estate (Tables)

3 Months Ended

Mar. 31, 2018

Property, Plant and Equipment [Abstract]

Dispositions [Table Text Block]

Information on the Operating Properties and land parcels the Company acquired during the three months ended March 31, 2018 is as follows:

	Three Months Ended March 31, 2018
	Number of Buildings	Acres of Developable Land	Leaseable Square Feet	Purchase Price (in thousands)
United Kingdom	—	7.1	—	$	4,240
Other:
Southern California	1	0.8	400,169	92,700
	1	7.9	400,169	$	96,940

Information on the Operating Properties and land parcels the Company sold or conveyed during the three months ended March 31, 2018 is as follows:

	Three Months Ended March 31, 2018
	Number of Buildings	Acres of Developable Land	Leaseable Square Feet	Gross Proceeds (in thousands)
Carolinas/Richmond	1	1.5	80,000	$	7,094
Chicago/Minneapolis	—	8.3	—	2,714
Southeastern PA	23	—	1,420,515	183,808
	24	9.8	1,500,515	$	193,616

A summary of the results of operations for the properties classified as discontinued operations through the respective disposition dates is as follows (in thousands):

	Three Months Ended
	March 31, 2018			March 31, 2017
Revenues	$	8,179		$	9,600
Operating expenses	(1,972		)	(3,641		)
Depreciation and amortization	(1,219		)	(2,368		)
Interest and other income	5			14
Interest expense	(709		)	(709		)
Income from discontinued operations before gain on property dispositions	4,284			2,896
Gain on property dispositions	90,049			—
Income from discontinued operations	94,333			2,896
Noncontrolling interest - operating partnership	(2,195		)	(68		)
Income from discontinued operations available to common shareholders	$	92,138		$	2,828

The following table illustrates aggregate balance sheet information for all held for sale properties (in thousands):

	March 31, 2018									December 31, 2017
	Included in Continuing Operations			Included in Discontinued Operations			Total			Included in Continuing Operations			Included in Discontinued Operations			Total
Land and land improvements	$	3,199		$	20,404		$	23,603		$	3,476		$	41,191		$	44,667
Buildings and improvements	80,738			141,416			222,154			80,738			248,514			329,252
Development in progress	—			—			—			—			45,035			45,035
Land held for development	—			—			—			863			—			863
Accumulated depreciation	(11,760		)	(15,318		)	(27,078		)	(11,785		)	(105,786		)	(117,571		)
Deferred financing and leasing costs, net	2,210			6,964			9,174			2,210			10,280			12,490
Other assets	5,265			5,081			10,346			5,137			10,313			15,450
Total assets held for sale	$	79,652		$	158,547		$	238,199		$	80,639		$	249,547		$	330,186
Total liabilities held for sale	$	332		$	1,517		$	1,849		$	1,153		$	8,350		$	9,503

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 as of March 31, 2018	Sold during the three months ended March 31, 2018	Sold during the year ended December 31, 2017	Total
Properties included in discontinued operations	5	23	2	30
Properties included in continuing operations	2	1	8	11
Properties sold or classified as held for sale	7	24	10	41