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

9 Months Ended

Sep. 30, 2019

Discontinued Operations and Disposal Groups [Abstract]

Schedule of disposal groups

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

	September 30, 2019									December 31, 2018
	Included in Continuing Operations			Included in Discontinued Operations			Total			Included in Continuing Operations			Included in Discontinued Operations			Total
Land and land improvements	$	613		$	19,210		$	19,823		$	1,301		$	113,080		$	114,381
Buildings and improvements	8,541			174,595			183,136			5,638			384,737			390,375
Development in progress	—			10,108			10,108			—			9,597			9,597
Land held for development	19,420			—			19,420			26,253			—			26,253
Accumulated depreciation	(3,745		)	(21,592		)	(25,337		)	(1,546		)	(70,242		)	(71,788		)
Deferred financing and leasing costs, net	717			7,910			8,627			58			13,697			13,755
Other assets	756			9,971			10,727			164			19,470			19,634
Total assets held for sale	$	26,302		$	200,202		$	226,504		$	31,868		$	470,339		$	502,207
Total liabilities held for sale	$	419		$	15,520		$	15,939		$	141		$	20,990		$	21,131

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, 2019			September 30, 2018			September 30, 2019			September 30, 2018
Revenues	$	8,498		$	23,911		$	33,593		$	73,613
Operating expenses	(3,117		)	(5,329		)	(10,903		)	(17,276		)
Depreciation and amortization	—			(2,666		)	(2,129		)	(11,138		)
Impairment charges - real estate assets	(7,190		)	—			(21,482		)	—
Interest and other income (expense)	4			(31		)	(57		)	(132		)
Income taxes	(5		)	(28		)	(298		)	(83		)
Loss on debt extinguishment	—			—			(7,618		)	—
Interest expense	(429		)	(1,537		)	(1,653		)	(5,142		)
Gain on property dispositions	44,428			94,878			116,452			184,689
Income from discontinued operations	42,189			109,198			105,905			224,531
Noncontrolling interest - operating partnership	(916		)	(2,544		)	(2,404		)	(5,232		)
Noncontrolling interest - consolidated joint venture	—			(224		)	(186		)	(412		)
Income from discontinued operations available to common shareholders	$	41,273		$	106,430		$	103,315		$	218,887

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, 2019	Sold during the nine months ended September 30, 2019	Sold during the year ended December 31, 2018	Total
Properties included in discontinued operations	9	13	37	59
Properties included in continuing operations	1	1	2	4
Properties sold or classified as held for sale	10	14	39	63