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

3 Months Ended

Mar. 31, 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):

	March 31, 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	$	2,444		$	88,251		$	90,695		$	1,301		$	108,001		$	109,302
Buildings and improvements	16,577			297,375			313,952			5,638			371,461			377,099
Land held for development	36,957			—			36,957			26,253			—			26,253
Accumulated depreciation	(2,814		)	(45,440		)	(48,254		)	(1,546		)	(66,176		)	(67,722		)
Deferred financing and leasing costs, net	382			12,443			12,825			58			13,539			13,597
Other assets	796			16,875			17,671			164			19,023			19,187
Total assets held for sale	$	54,342		$	369,504		$	423,846		$	31,868		$	445,848		$	477,716
Total liabilities held for sale	$	3,695		$	14,340		$	18,035		$	141		$	16,924		$	17,065

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 March 31, 2019	Sold during the three months ended March 31, 2019	Sold during the year ended December 31, 2018	Total
Properties included in discontinued operations	16	4	37	57
Properties included in continuing operations	2	—	2	4
Properties sold or classified as held for sale	18	4	39	61

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

	Three Months Ended
	March 31, 2019			March 31, 2018
Revenues	$	13,264		$	25,631
Operating expenses	(4,288		)	(6,572		)
Depreciation and amortization	(1,981		)	(5,246		)
Impairment expense	(10,274		)	—
Interest and other income	(158		)	(3		)
Income taxes	(32		)	(26		)
Interest expense	(686		)	(789		)
Gain on property dispositions	18,941			90,012
Income from discontinued operations	14,786			103,007
Noncontrolling interest - operating partnership	(343		)	(2,400		)
Income from discontinued operations available to common shareholders	$	14,443		$	100,607