XML 59 R30.htm IDEA: XBRL DOCUMENT v2.4.1.9
Discontinued Operations and Assets Held for Sale (Tables)
12 Months Ended
Dec. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]  
Table Illustration of Number of Properties in Discontinued Operations
The following table illustrates the number of sold or held-for-sale properties included in, or excluded from, discontinued operations:
 
Held For Sale at December 31, 2014
 
Sold in 2014
 
Sold in 2013
 
Sold in 2012
 
Total
Office
0
 
0
 
12
 
10
 
22
Industrial
0
 
11
 
6
 
17
 
34
Medical Office
1
 
1
 
6
 
0
 
8
Retail
0
 
0
 
1
 
1
 
2
  Total properties included in discontinued operations
1
 
12
 
25
 
28
 
66
Properties excluded from discontinued operations
1
 
17
 
13
 
0
 
31
    Total properties sold or classified as held-for-sale
2
 
29
 
38
 
28
 
97
Table Illustration of Discontinued Operations in Income Statement
The following table illustrates the operations of the buildings reflected in discontinued operations for the years ended December 31, 2014, 2013 and 2012, respectively (in thousands):
 
 
2014
 
2013
 
2012
Revenues
$
3,031

 
$
47,843

 
$
72,645

Operating expenses
(1,213
)
 
(18,014
)
 
(26,364
)
Depreciation and amortization
(205
)
 
(16,423
)
 
(31,151
)
Operating income
1,613

 
13,406

 
15,130

Interest expense
(921
)
 
(11,499
)
 
(18,846
)
Income (loss) before gain on sales
692

 
1,907

 
(3,716
)
Gain on sale of depreciable properties
22,763

 
133,242

 
13,467

Income from discontinued operations before income taxes
23,455

 
135,149

 
9,751

Income tax expense
(2,969
)
 

 

Income from discontinued operations
$
20,486

 
$
135,149

 
$
9,751

Allocation of Common Shareholders' Income (Loss) Between Continuing and Discontinued Operations
The following table illustrates the General Partner's share of the income (loss) attributable to common shareholders from continuing operations and discontinued operations, reduced by the allocation of income or loss between continuing and discontinued operations to noncontrolling interests, for the years ended December 31, 2014, 2013 and 2012, respectively (in thousands):
 
2014
 
2013
 
2012
Income (loss) from continuing operations attributable to common shareholders
$
184,667

 
$
22,982

 
$
(135,724
)
Income from discontinued operations attributable to common shareholders
20,226

 
130,062

 
9,579

Net income (loss) attributable to common shareholders
$
204,893

 
$
153,044

 
$
(126,145
)
Schedule of Discontinued Operations, Properties Held-for-Sale, Aggregate Balance Sheet Information
The following table illustrates aggregate balance sheet information of these held-for-sale properties (in thousands):

 
December 31, 2014
 
December 31, 2013
Land and improvements
$
26,614

 
$
8,603

Buildings and tenant improvements
47,782

 
53,324

Undeveloped land
12,443

 

Accumulated depreciation
(24,552
)
 
(14,351
)
Deferred leasing and other costs, net
7,642

 
6,435

Other assets
1,596

 
3,455

Total assets held-for-sale
$
71,525

 
$
57,466

 
 
 
 
Accrued expenses
$
428

 
$
1,481

Other liabilities
575

 
594

Total liabilities held-for-sale
$
1,003

 
$
2,075

Asset Impairment Charges [Text Block]
The following table illustrates impairment charges recognized during the years ended December 31, 2014 and 2013, respectively (in thousands):
 
2014
 
2013
Impairment charges - land
$
33,700

 
$
3,777

Impairment charges - building
15,406

 

Impairment charges
$
49,106

 
$
3,777