Impairment and Disposal of Long-Lived Assets Impairment and Disposal of Long-Lived Assets (Tables)

6 Months Ended

Jun. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations [Table Text Block]

The following table illustrates the number of sold or held for sale properties included in, or excluded from, discontinued operations:

	Held for Sale as of June 30, 2018	Sold during the six months ended June 30, 2018	Sold during the year ended December 31, 2017	Total
Properties included in discontinued operations	14	23	2	39
Properties included in continuing operations	1	2	8	11
Properties sold or classified as held for sale	15	25	10	50

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

	Three Months Ended						Six Months Ended
	June 30, 2018			June 30, 2017			June 30, 2018			June 30, 2017
Revenues	$	12,412		$	19,672		$	28,162		$	38,214
Operating expenses	(2,648		)	(6,784		)	(6,409		)	(13,434		)
Depreciation and amortization	(441		)	(4,107		)	(3,273		)	(8,087		)
Interest and other income	8			20			20			43
Interest expense	(1,423		)	(1,285		)	(3,016		)	(2,864		)
Income from discontinued operations before (loss) gain on property dispositions	7,908			7,516			15,484			13,872
(Loss) gain on property dispositions	(238		)	—			89,811			—
Income from discontinued operations	7,670			7,516			105,295			13,872
Noncontrolling interest - operating partnership	(179		)	(176		)	(2,453		)	(325		)
Income from discontinued operations available to common shareholders	$	7,491		$	7,340		$	102,842		$	13,547

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

	June 30, 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	$	1,301		$	112,171		$	113,472		$	3,476		$	132,957		$	136,433
Buildings and improvements	5,638			310,414			316,052			80,738			417,459			498,197
Development in progress	—			—			—			—			45,035			45,035
Land held for development	—			—			—			863			—			863
Accumulated depreciation	(1,546		)	(70,116		)	(71,662		)	(11,785		)	(158,955		)	(170,740		)
Deferred financing and leasing costs, net	58			10,397			10,455			2,210			14,168			16,378
Other assets	193			8,041			8,234			5,137			16,365			21,502
Total assets held for sale	$	5,644		$	370,907		$	376,551		$	80,639		$	467,029		$	547,668
Total liabilities held for sale	$	164		$	2,357		$	2,521		$	1,153		$	10,025		$	11,178