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Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2017
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 years ended December 31, 2017, 2016 and 2015 (in thousands):
 
2017
 
2016
 
2015
Revenues
 
 
 
 
 
Rental Operations:
 
 
 
 
 
Industrial
$
661,226

 
$
583,019

 
$
556,903

Non-Reportable Rental Operations
24,101

 
50,684

 
94,417

Service Operations
94,420

 
88,810

 
133,367

Total segment revenues
779,747

 
722,513

 
784,687

Other revenue
1,187

 
7,998

 
7,489

Consolidated revenue from continuing operations
780,934

 
730,511

 
792,176

Discontinued operations
87,185

 
172,716

 
189,805

Consolidated revenue
$
868,119

 
$
903,227

 
$
981,981

Schedule of Segment Reporting Information, by Segment [Table Text Block]
The following table shows a reconciliation of our segment-level measures of profitability to consolidated income from continuing operations before income taxes, for the years ended December 31, 2017, 2016 and 2015 (in thousands and excluding discontinued operations):
 
 
2017
 
2016
 
2015
PNOI
 
 
 
 
 
 
Industrial
 
$
482,025

 
$
423,924

 
$
380,213

Non-Reportable Rental Operations
 
5,031

 
5,934

 
9,282

PNOI, excluding all sold/held for sale properties
 
487,056

 
429,858

 
389,495

PNOI from sold/held-for-sale properties included in continuing operations
 
6,537

 
37,679

 
77,150

PNOI, continuing operations
 
493,593

 
467,537

 
466,645

 
 
 
 
 
 
 
Earnings from Service Operations
 
4,963

 
8,343

 
14,197

 
 
 
 
 
 
 
Rental Operations revenues and expenses excluded from PNOI:
Straight-line rental income and expense, net
 
13,585

 
7,897

 
14,595

Revenues related to lease buyouts
 
10,816

 
1,725

 
1,567

Amortization of lease concessions and above and below market rents
 
(1,732
)
 
(2,126
)
 
(6,113
)
Intercompany rents and other adjusting items
 
(304
)
 
(2,640
)
 
(3,947
)
Non-Segment Items:
 
 
 
 
 
 
Equity in earnings (loss) of unconsolidated joint ventures
 
63,310

 
47,403

 
(3,304
)
Gain on dissolution of unconsolidated joint venture
 

 
30,697

 

Promote income
 
20,007

 
26,299

 

Interest expense
 
(87,003
)
 
(112,757
)
 
(138,258
)
Depreciation and amortization expense
 
(273,561
)
 
(242,557
)
 
(245,764
)
Gain on sale of properties
 
113,669

 
162,093

 
229,702

Impairment charges
 
(4,481
)
 
(18,018
)
 
(22,932
)
Interest and other income, net
 
14,721

 
4,035

 
4,667

General and administrative expenses
 
(54,944
)
 
(55,389
)
 
(58,565
)
Gain on land sales
 
9,244

 
9,865

 
35,054

Other operating expenses
 
(2,554
)
 
(3,864
)
 
(5,947
)
Loss on extinguishment of debt
 
(26,104
)
 
(33,934
)
 
(85,713
)
Acquisition-related activity
 

 
7,176

 
(8,499
)
Other non-segment revenues and expenses, net
 
(2,990
)
 
(3,953
)
 
(3,065
)
Income from continuing operations before income taxes
 
$
290,235

 
$
297,832

 
$
184,320

Reportable Segments Consolidated Assets
The assets for each of the reportable segments at December 31, 2017 and 2016 were as follows (in thousands):
 
December 31, 2017
 
December 31, 2016
Assets
 
 
 
Rental Operations:
 
 
 
Industrial
$
6,312,777

 
$
4,828,984

Non-Reportable Rental Operations
136,927

 
1,501,737

Service Operations
142,603

 
127,154

Total segment assets
6,592,307

 
6,457,875

Non-segment assets
795,889

 
314,127

Consolidated assets
$
7,388,196

 
$
6,772,002

Second Generation Capital Expenditures By Segment
Our second generation capital expenditures by segment are summarized as follows for the years ended December 31, 2017, 2016 and 2015 (in thousands):
 
2017
 
2016
 
2015
Second Generation Capital Expenditures
 
 
 
 
 
Industrial
$
50,721

 
$
51,785

 
$
45,716

Non-Reportable Rental Operations
1,833

 
7,564

 
16,184

Total
$
52,554

 
$
59,349

 
$
61,900