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Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
The following table shows the revenues for each of the reportable segments, as well as a reconciliation to consolidated revenues, for the three and six months ended June 30, 2016 and 2015, respectively (in thousands): 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
Revenues
 
 
 
 
 
 
 
 
Rental Operations:
 
 
 
 
 
 
 
 
Industrial
 
$
140,219

 
$
135,487

 
$
283,199

 
$
283,115

Medical Office
 
43,135

 
40,274

 
85,360

 
80,302

Non-reportable Rental Operations
 
13,529

 
23,691

 
28,425

 
48,826

Service Operations
 
26,044

 
23,901

 
49,195

 
76,722

Total segment revenues
 
222,927

 
223,353

 
446,179

 
488,965

Other revenue
 
3,637

 
2,544

 
5,339

 
4,368

Consolidated revenue from continuing operations
 
226,564

 
225,897

 
451,518

 
493,333

Discontinued operations
 
126

 
49

 
355

 
32,164

Consolidated revenue
 
$
226,690

 
$
225,946

 
$
451,873

 
$
525,497
Summary of Net Operation Income
The following table shows a reconciliation of our segment-level measures of profitability to consolidated income from continuing operations before income taxes for the three and six months ended June 30, 2016 and 2015, respectively (in thousands and excluding discontinued operations): 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
PNOI
 
 
 
 
 
 
 
 
Industrial
 
$
104,741

 
$
96,629

 
$
206,798

 
$
191,588

Medical Office
 
28,179

 
25,820

 
55,421

 
51,051

Non-reportable Rental Operations
 
8,903

 
9,870

 
18,069

 
17,762

PNOI, excluding all sold/held for sale properties

 
141,823

 
132,319

 
280,288

 
260,401

PNOI from sold/held-for-sale properties included in continuing operations
 
629

 
8,545

 
2,994

 
22,735

PNOI, continuing operations

 
$
142,452

 
$
140,864

 
$
283,282

 
$
283,136

 
 
 
 
 
 
 
 
 
Earnings from Service Operations
 
3,816

 
2,163

 
6,047

 
7,960

 
 

 

 

 

Rental Operations revenues and expenses excluded from PNOI:
Straight-line rental income and expense, net
 
2,893

 
3,956

 
5,824

 
11,107

Revenues related to lease buyouts
 
69

 
94

 
234

 
958

Amortization of lease concessions and above and below market rents
 
(425
)
 
(490
)
 
(1,058
)
 
(2,203
)
Intercompany rents and other adjusting items
 
(226
)
 
(412
)
 
(219
)
 
(872
)
Non-Segment Items:
 
 
 
 
 
 
 
 
Equity in earnings of unconsolidated companies
 
3,534

 
15,123

 
25,394

 
21,369

Gain on dissolution of unconsolidated company

 
30,697

 
—

 
30,697

 
—

Promote income
 
24,087

 
—

 
24,087

 
—

Interest expense
 
(37,184
)
 
(42,976
)
 
(74,914
)
 
(92,567
)
Depreciation and amortization expense
 
(80,161
)
 
(78,334
)
 
(157,959
)
 
(160,237
)
Gain on sale of properties
 
39,314

 
107,410

 
54,891

 
130,894

Impairment charges on non-depreciable properties
 
(5,651
)
 
(5,470
)
 
(12,056
)
 
(5,470
)
Interest and other income, net
 
567

 
1,375

 
3,090

 
1,713

General and administrative expenses
 
(11,584
)
 
(19,238
)
 
(29,682
)
 
(36,242
)
Gain on land sales
 
707

 
17,012

 
837

 
22,437

Other operating expenses
 
(836
)
 
(1,555
)
 
(2,072
)
 
(3,112
)
Loss on extinguishment of debt
 
(2,430
)
 
(82,653
)
 
(2,430
)
 
(82,653
)
Acquisition-related activity
 
(72
)
 
(1,305
)
 
(75
)
 
(1,333
)
Other non-segment revenues and expenses, net
 
80

 
143

 
(323
)
 
(259
)
Income from continuing operations before income taxes
 
$
109,647

 
$
55,707

 
$
153,595

 
$
94,626
Reportable Segments Consolidated Assets
The assets for each of the reportable segments at June 30, 2016 and December 31, 2015 were as follows (in thousands): 
 
June 30,
2016
 
December 31,
2015
Assets
 
 
 
Rental Operations:
 
 
 
Industrial
$
4,629,204

 
$
4,552,107

Medical Office
1,304,920

 
1,269,546

Non-reportable Rental Operations
313,195

 
367,469

Service Operations
132,622

 
137,257

Total segment assets
6,379,941

 
6,326,379

Non-segment assets
485,084

 
569,136

Consolidated assets
$
6,865,025

 
$
6,895,515