Real Estate (Notes)

12 Months Ended

Dec. 31, 2016

Real Estate [Abstract]

REAL ESTATE

REAL ESTATE

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

	Retail			Office			Multifamily			Mixed-Use			Total
December 31, 2016
Land	$	245,553		$	143,575		$	24,696		$	76,635		$	490,459
Buildings	522,032			697,558			210,873			125,860			1,556,323
Land improvements	40,736			8,777			3,304			2,482			55,299
Tenant improvements	61,323			74,747			—			1,846			137,916
Furniture, fixtures, and equipment	702			1,764			8,421			5,769			16,656
Construction in progress	2,805			40,123			851			574			44,353			(1)
	873,151			966,544			248,145			213,166			2,301,006
Accumulated depreciation	(243,890		)	(153,130		)	(45,131		)	(27,309		)	(469,460		)
Net real estate	$	629,261		$	813,414		$	203,014		$	185,857		$	1,831,546
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

(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.