Disposed Properties (Tables)

9 Months Ended

Sep. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

The table below reflects sales activity for the nine months ended September 30, 2014 reflected in discontinued operations on the consolidated statements of operations and comprehensive income.



Segment	Property	Date	Gross Disposition Price	Square Feet
Non-core	Triple net portfolio - 30 properties	1/8/2014	$55,300	148,233	Square feet
Non-core	Triple net portfolio - 28 properties	2/21/2014	451,900	7,496,769	Square feet
Non-core	Triple net portfolio - 151 properties	3/10/2014	278,600	815,008	Square feet
Non-core	Triple net portfolio - one property	3/21/2014	226,400	736,572	Square feet
Non-core	Triple net portfolio - 4 properties	3/28/2014	58,500	1,118,096	Square feet
Non-core	Triple net portfolio - 9 properties	5/8/2014	138,200	599,830	Square feet
Total			$1,208,900

Summary of Components of Discontinued Operations

The components of the Company’s discontinued operations are presented below, which include the results of operations during the three and nine months ended September 30, 2014 and 2013 in which the Company owned such properties.



	Three Months Ended				Nine Months Ended
	September 30, 2014		September 30, 2013		September 30, 2014		September 30, 2013
Revenues	$67,060		$108,863		$208,062		$359,867
Depreciation and amortization expense	11,387		28,516		36,735		99,341
Other expenses	42,818		48,923		124,356		155,809
Provision for asset impairment	—		—		—		4,476
Operating income from discontinued operations	$12,855		$31,424		$46,971		$100,241
Interest expense and other	(7,825	)	(23,098	)	(31,021	)	(80,355	)
Gain on sale of properties, net	6,654		281,216		152,030		400,938
Gain on extinguishment of debt	(1	)	(16,575	)	(9,403	)	(17,672	)
Loss on transfer of assets	—		—		—		(16	)
Net income from discontinued operations	$11,683		$272,967		$158,577		$403,136

Summary of Disposal Activity, Excluding Triple Net Portfolio [Table Text Block]

The following properties were sold during the nine months ended September 30, 2014. They are included in continuing operations on the consolidated statement of operations and comprehensive income for the nine months ended September 30, 2014. A parcel of land was also sold during the nine months ended September 30, 2014 for $14,000.



Segment	Property	Date	Gross Disposition Price	Square Feet / Units / Rooms
Retail	Willis Town Center	1/8/2014	$1,600	85,828	Square feet
Retail	Alcoa Exchange I & II	1/29/2014	24,300	339,690	Square feet
Non-core	Citizens - Dallastown	2/6/2014	100	2,995	Square feet
Retail	Hunting Bayou - 5 properties	2/19/2014	15,600	276,416	Square feet
Retail	Monadnock Marketplace	4/9/2014	31,200	367,454	Square feet
Non-core	Block 121	4/16/2014	38,200	255	Units
Retail	Palm Harbor Shopping Center	5/15/2014	12,400	161,431	Square feet
Lodging	Crowne Plaza - Charleston	5/30/2014	13,300	168	Rooms
Non-core	Citizens - York	7/9/2014	500	17,079	Square feet
Retail	Merchants Crossing	7/22/2014	17,900	213,739	Square feet
Non-core	3801 S. Collins	7/31/2014	10,500	239,905	Square feet
Non-core	Sonora	7/31/2014	7,000	33,055	Square feet
Lodging	Doubletree Atlanta Galleria	8/28/2014	12,600	154	Rooms
Non-core	Imagine Charter Schools - 8 properties	8/28/2014	68,400	364,710	Square feet
Total			$253,600

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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