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Discontinued Operations
 12 Months Ended
Dec. 31, 2019
Discontinued Operations [Abstract]  
Disposal Groups, Including Discontinued Operations [Table Text Block] Discontinued Operations

During the year ended December 31, 2019, the Company completed the sale of its public charter school portfolio with the largest disposition occurring on November 22, 2019 consisting of 47 public charter school related assets, for net proceeds of approximately $449.6 million. See Note 3 for additional information related to the sale and Note 4 for additional information related to the impairment recognized related to this sale. The Company determined the dispositions of the remaining public charter school portfolio in 2019 represented a strategic shift that had a major effect on the Company's operations and financial results. Therefore, all public charter school investments disposed of by the Company during the year ended December 31, 2019 qualified as discontinued operations. Accordingly, the historical financial results of these public charter school investments are reflected in the Company's consolidated financial statements as discontinued operations for all periods presented.

The operating results relating to discontinued operations are as follows (in thousands):
 
Year Ended December 31,
 
2019
 
2018
 
2017
Rental revenue
$
36,289

 
$
47,277

 
$
43,016

Mortgage and other financing income
14,284

 
13,533

 
14,655

Total revenue
50,573

 
60,810

 
57,671

Property operating expense
573

 
1,102

 
326

Costs associated with loan refinancing or payoff
181

 
—

 
—

Interest expense, net
(351
)
 
(363
)
 
(337
)
Depreciation and amortization
12,929

 
15,035

 
11,589

Income from discontinued operations before other items
37,241

 
45,036

 
46,093

Impairment charges
—

 
—

 
(8,293
)
Impairment on public charter school portfolio sale
(21,433
)
 
—

 
—

Gain on sale of real estate
31,879

 
—

 
—

Income from discontinued operations
$
47,687

 
$
45,036

 
$
37,800


The cash flow information relating to discontinued operations are as follows (in thousands):
 
Year Ended December 31,
 
2019
 
2018
 
2017
Depreciation and amortization
$
12,929

 
$
15,035

 
$
11,589

Acquisition of and investments in real estate and other assets
(6,968
)
 
(5,956
)
 
(28,731
)
Proceeds from sale of real estate
182,934

 
—

 
—

Proceeds from sale of public charter school portfolio
449,555

 
—

 
—

Investment in mortgage notes receivable
(5,115
)
 
(17,933
)
 
(38,802
)
Proceeds from mortgage notes receivable paydowns
28,662

 
3,355

 
12,413

Additions to properties under development
(22,981
)
 
(31,036
)
 
(22,912
)
 
 
 
 
 
 
Non-cash activity:
 
 
 
 
 
Transfer of property under development to real estate investments
$
28,099

 
$
24,900

 
$
31,749

Conversion or reclassification of mortgage notes receivable to real estate investments
—

 
12,013

 
—

Transfer of investment in direct financing lease to real estate investments
—

 
—

 
35,807

Interest cost capitalized
351

 
363

 
337