Real Estate (Notes)

12 Months Ended

Dec. 31, 2015

A summary of our real estate investments is as follows (in thousands):



	Retail			Office			Multifamily			Mixed-Use			Total
December 31, 2015
Land	$	245,588		$	143,575		$	24,696		$	76,635		$	490,494
Buildings	500,075			665,431			210,093			125,860			1,501,459
Land improvements	40,203			8,273			3,280			2,363			54,119
Tenant improvements	54,993			63,880			—			1,846			120,719
Furniture, fixtures, and equipment	491			1,265			7,638			5,671			15,065
Construction in progress	20,817			41,669			1,649			37			64,172			⁽¹⁾
	862,167			924,093			247,356			212,412			2,246,028
Accumulated depreciation	(223,274		)	(127,320		)	(38,626		)	(21,946		)	(411,166		)
Net real estate	$	638,893		$	796,773		$	208,730		$	190,466		$	1,834,862
December 31, 2014
Land	$	248,386		$	143,575		$	25,507		$	76,635		$	494,103
Buildings	500,088			621,343			42,270			125,798			1,289,499
Land improvements	39,999			8,273			3,085			2,363			53,720
Tenant improvements	50,504			56,127			—			1,679			108,310
Furniture, fixtures, and equipment	491			750			5,832			5,383			12,456
Construction in progress	5,327			31,878			141,205			326			178,736			⁽¹⁾
	844,795			861,946			217,899			212,184			2,136,824
Accumulated depreciation	(205,339		)	(104,092		)	(35,431		)	(16,562		)	(361,424		)
Net real estate	$	639,456		$	757,854		$	182,468		$	195,622		$	1,775,400

(1) Land related to held for development and construction in progress is included in the Held for Development and Construction in Progress classifications on the consolidated balance sheets.

Dispositions

On August 6, 2015, we sold Rancho Carmel Plaza. The property is located in San Diego, California and was previously included in our retail segment. The sales price of this property of approximately $12.7 million, less costs to sell, resulted in net proceeds to us of approximately $12.3 million. Accordingly, we recorded a gain on sale of approximately $7.1 million for the year ended December 31, 2015.