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Real Estate (Tables)
12 Months Ended
Dec. 31, 2014
Real Estate [Abstract]  
Schedule of Real Estate Assets

Our real estate is reported in our Development Services and Global Investment Management segments and consisted of the following (dollars in thousands):

 

     Land      Buildings and
Improvements
    Other     Total  
     At December 31, 2014  

Real estate included in assets held for sale (see Note 9)

   $ 109       $ 248      $ 3,483      $ 3,840   

Real estate under development (non-current)

     4,244         386        —          4,630   

Real estate held for investment

     17,916         19,051        162        37,129   
  

 

 

    

 

 

   

 

 

   

 

 

 

Total real estate

   $ 22,269       $ 19,685 (1)    $ 3,645 (2)    $ 45,599   
  

 

 

    

 

 

   

 

 

   

 

 

 
     At December 31, 2013  

Real estate under development (current)

   $ 667       $ 18,466      $ —        $ 19,133   

Real estate under development (non-current)

     822         —          —          822   

Real estate held for investment

     24,717         76,932        5,350        106,999   
  

 

 

    

 

 

   

 

 

   

 

 

 

Total real estate

   $ 26,206       $ 95,398 (1)    $ 5,350 (2)    $ 126,954   
  

 

 

    

 

 

   

 

 

   

 

 

 

 

(1) Net of accumulated depreciation of $12.3 million and $23.6 million at December 31, 2014 and 2013, respectively.
(2) Includes lease intangibles of $3.6 million at December 31, 2014 and lease intangibles and tenant origination costs of $5.3 million and $0.1 million, respectively, at December 31, 2013. We record lease intangibles and tenant origination costs upon acquiring real estate projects with in-place leases. The balances are shown net of amortization, which is recorded as an increase to, or a reduction of, rental income for lease intangibles and as amortization expense for tenant origination costs.