XML 41 R37.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Information (Tables)
12 Months Ended
Dec. 31, 2011
Segment Reporting Information, Revenue for Reportable Segment [Abstract]  
Real Estate Rental Revenue, Percent
Real estate rental revenue as a percentage of the total for each of the four reportable operating segments is as follows:
 
 
 
Year Ended December 31,
 
 
2011
 
2010
 
2009
Office
 
49
%
 
48
%
 
48
%
Medical office
 
16
%
 
17
%
 
18
%
Retail
 
17
%
 
16
%
 
16
%
Multifamily
 
18
%
 
19
%
 
18
%
Percentage of Real Estate Assets by Segment
The percentage of total income producing real estate assets, at cost, for each of the four reportable operating segments is as follows:
 
 
December 31,
 
 
2011
 
2010
Office
 
53
%
 
48
%
Medical office
 
17
%
 
19
%
Retail
 
17
%
 
17
%
Multifamily
 
13
%
 
16
%
Reconciliation Of Net Operating Income Of Reportable Segments
 
 
2011
 
 
Office
 
Medical
Office
 
Retail
 
Multifamily
 
Industrial/Flex
 
Corporate
and Other
 
Consolidated
Real estate rental revenue
 
$
142,870

 
$
45,257

 
$
50,421

 
$
50,979

 
 
 
$

 
$
289,527

Real estate expenses
 
48,960

 
14,242

 
14,273

 
19,717

 
 
 

 
97,192

Net operating income
 
$
93,910

 
$
31,015

 
$
36,148

 
$
31,262

 
 
 
$

 
$
192,335

Depreciation and amortization
 
 
 
 
 
 
 
 
 
 
 
 
 
(93,297
)
Interest expense
 
 
 
 
 
 
 
 
 
 
 
 
 
(66,473
)
General and administrative
 
 
 
 
 
 
 
 
 
 
 
 
 
(15,728
)
Acquisition costs
 
 
 
 
 
 
 
 
 
 
 
 
 
(3,607
)
Other income (expense)
 
 
 
 
 
 
 
 
 
 
 
 
 
1,144

Real estate impairment
 
 
 
 
 
 
 
 
 
 
 
 
 
(14,526
)
Loss on extinguishment of debt, net
 
 
 
 
 
 
 
 
 
 
 
 
 
(976
)
Gain from non-disposal activities
 
 
 
 
 
 
 
 
 
 
 
 
 

Discontinued operations:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from discontinued operations
 
 
 
 
 
 
 
 
 
 
 
 
 
10,153

Gain on sale of real estate
 
 
 
 
 
 
 
 
 
 
 
 
 
97,491

Income tax benefit (expense)
 
 
 
 
 
 
 
 
 
 
 
 
 
(1,138
)
Net income
 
 
 
 
 
 
 
 
 
 
 
 
 
105,378

Less: Net income attributable to noncontrolling interests
 
 
 
 
 
 
 
 
 
 
 
 
 
(494
)
Net income attributable to the controlling interests
 
 
 
 
 
 
 
 
 
 
 
 
 
$
104,884

Capital expenditures
 
$
21,065

 
$
5,654

 
$
2,922

 
$
2,823

 
$
351

 
$
621

 
$
33,436

Total assets
 
$
1,118,074

 
$
347,735

 
$
365,164

 
$
247,170

 
$

 
$
42,615

 
$
2,120,758

 
 
 
2010
 
 
Office
 
Medical
Office
 
Retail
 
Multifamily
 
Industrial/Flex
 
Corporate
and Other
 
Consolidated
Real estate rental revenue
 
$
123,860

 
$
45,028

 
$
41,003

 
$
48,599

 
$

 
$

 
$
258,490

Real estate expenses
 
42,392

 
14,715

 
10,310

 
19,243

 

 

 
86,660

Net operating income
 
$
81,468

 
$
30,313

 
$
30,693

 
$
29,356

 
$

 
$

 
$
171,830

Depreciation and amortization
 
 
 
 
 
 
 
 
 
 
 
 
 
(80,066
)
Interest expense
 
 
 
 
 
 
 
 
 
 
 
 
 
(67,229
)
General and administrative
 
 
 
 
 
 
 
 
 
 
 
 
 
(14,406
)
Acquisition costs
 
 
 
 
 
 
 
 
 
 
 
 
 
(1,161
)
Other income (expense)
 
 
 
 
 
 
 
 
 
 
 
 
 
1,193

Loss on extinguishment of debt, net
 
 
 
 
 
 
 
 
 
 
 
 
 
(9,176
)
Gain from non-disposal activities
 
 
 
 
 
 
 
 
 
 
 
 
 
7

Discontinued operations:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from discontinued operations
 
 
 
 
 
 
 
 
 
 
 
 
 
14,968

Gain on sale of real estate
 
 
 
 
 
 
 
 
 
 
 
 
 
21,599

Net income
 
 
 
 
 
 
 
 
 
 
 
 
 
37,559

Less: Net income attributable to noncontrolling interests
 
 
 
 
 
 
 
 
 
 
 
 
 
(133
)
Net income attributable to the controlling interests
 
 
 
 
 
 
 
 
 
 
 
 
 
$
37,426

Capital expenditures
 
$
13,983

 
$
4,986

 
$
1,982

 
$
2,387

 
$
1,707

 
$
392

 
$
25,437

Total assets
 
$
938,638

 
$
353,508

 
$
313,003

 
$
228,769

 
$
225,206

 
$
108,757

 
$
2,167,881

 
 
2009
 
 
Office
 
Medical
Office
 
Retail
 
Multifamily
 
Industrial/Flex
 
Corporate
and Other
 
Consolidated
Real estate rental revenue
 
$
123,347

 
$
44,911

 
$
41,821

 
$
46,470

 
$

 
$

 
$
256,549

Real estate expenses
 
43,897

 
15,218

 
10,680

 
19,494

 

 

 
89,289

Net operating income
 
$
79,450

 
$
29,693

 
$
31,141

 
$
26,976

 
$

 
$

 
$
167,260

Depreciation and amortization
 
 
 
 
 
 
 
 
 
 
 
 
 
(77,549
)
Interest expense
 
 
 
 
 
 
 
 
 
 
 
 
 
(72,694
)
General and administrative
 
 
 
 
 
 
 
 
 
 
 
 
 
(13,118
)
Acquisition costs
 
 
 
 
 
 
 
 
 
 
 
 
 
(788
)
Other income (expense)
 
 
 
 
 
 
 
 
 
 
 
 
 
1,205

Gain on extinguishment of debt, net
 
 
 
 
 
 
 
 
 
 
 
 
 
5,336

Gain from non-disposal activities
 
 
 
 
 
 
 
 
 
 
 
 
 
71

Discontinued operations:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from discontinued operations
 
 
 
 
 
 
 
 
 
 
 
 
 
17,877

Gain on sale of real estate
 
 
 
 
 
 
 
 
 
 
 
 
 
13,348

Net income
 
 
 
 
 
 
 
 
 
 
 
 
 
40,948

Less: Net income attributable to noncontrolling interests
 
 
 
 
 
 
 
 
 
 
 
 
 
(203
)
Net income attributable to the controlling interests
 
 
 
 
 
 
 
 
 
 
 
 
 
$
40,745

Capital expenditures
 
$
14,200

 
$
6,613

 
$
1,270

 
$
2,287

 
$
2,967

 
$
351

 
$
27,688

Total assets
 
$
926,433

 
$
360,220

 
$
225,548

 
$
240,442

 
$
251,986

 
$
40,596

 
$
2,045,225