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Assets Held for Sale or Contribution
12 Months Ended
Dec. 31, 2016
Real Estate Assets Held For Development And Sale [Abstract]  
Assets Held for Sale or Contribution

NOTE 6. ASSETS HELD FOR SALE OR CONTRIBUTION

 

We have investments in certain real estate properties that met the criteria to be classified as held for sale or contribution at December 31, 2016 and 2015. These properties are expected to be sold to third parties or contributed to unconsolidated co-investment ventures within twelve months. The amounts included in Assets Held for Sale or Contribution represented real estate investment balances and the related assets and liabilities for each property.

 

Assets held for sale or contribution consisted of the following (dollars and square feet in thousands):

 

 

 

2016

 

 

2015

 

Number of operating properties

 

 

13

 

 

 

17

 

Square feet

 

 

4,167

 

 

 

5,065

 

Total assets held for sale or contribution

 

$

322,139

 

 

$

378,423

 

Total liabilities associated with assets held for sale or contribution – included in Other Liabilities

 

$

4,984

 

 

$

6,874