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

9 Months Ended

Sep. 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 September 30, 2018	Sold during the nine months ended September 30, 2018	Sold during the year ended December 31, 2017	Total
Properties included in discontinued operations	13	28	2	43
Properties included in continuing operations	1	2	8	11
Properties sold or classified as held for sale	14	30	10	54

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

	September 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		$	111,517		$	112,818		$	3,476		$	152,708		$	156,184
Buildings and improvements	5,638			222,983			228,621			80,738			471,628			552,366
Development in progress	—			—			—			—			45,035			45,035
Land held for development	10,227			—			10,227			863			—			863
Accumulated depreciation	(1,546		)	(67,821		)	(69,367		)	(11,785		)	(172,604		)	(184,389		)
Deferred financing and leasing costs, net	58			4,433			4,491			2,210			14,914			17,124
Other assets	165			7,236			7,401			5,137			18,291			23,428
Total assets held for sale	$	15,843		$	278,348		$	294,191		$	80,639		$	529,972		$	610,611
Total liabilities held for sale	$	191		$	3,795		$	3,986		$	1,153		$	13,129		$	14,282

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

	Three Months Ended						Nine Months Ended
	September 30, 2018			September 30, 2017			September 30, 2018			September 30, 2017
Revenues	$	14,013		$	22,066		$	45,511		$	64,184
Operating expenses	(3,239		)	(6,834		)	(11,099		)	(21,783		)
Depreciation and amortization	(295		)	(4,828		)	(4,444		)	(13,907		)
Impairment expense	—			(5,714		)	—			(5,714		)
Interest and other income	10			47			37			98
Interest expense	(1,396		)	(1,612		)	(4,749		)	(4,936		)
Income from discontinued operations before gain on property dispositions	9,093			3,125			25,256			17,942
Gain on property dispositions	94,878			—			184,689			—
Income from discontinued operations	103,971			3,125			209,945			17,942
Noncontrolling interest - operating partnership	(2,423		)	(73		)	(4,892		)	(420		)
Income from discontinued operations available to common shareholders	$	101,548		$	3,052		$	205,053		$	17,522