Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Summary of Comparative Financial Results and Total Assets

The following tables present a summary of the comparative financial results and total assets for each segment (in thousands):

	Three Months Ended March 31,
	2017			2016
REI segment:
Revenues:
Rental income	$	293,739		$	313,971
Direct financing lease income	433			569
Operating expense reimbursements	26,726			23,247
Total real estate investment revenues	320,898			337,787
Operating expenses:
Acquisition-related	617			217
Litigation and other non-routine costs, net of insurance recoveries	12,875			(5,175		)
Property operating	34,016			34,813
General and administrative	12,560			12,228
Depreciation and amortization	178,297			195,991
Impairment of real estate	6,725			160,517
Total operating expenses	245,090			398,591
Operating income (loss)	75,808			(60,804		)
Other (expense) income:
Interest expense	(73,743		)	(80,426		)
Loss on extinguishment and forgiveness of debt, net	(70		)	—
Other income, net	670			568
Equity in (loss) income and gain on disposition of unconsolidated entities	(82		)	10,404
Gain (loss) on derivative instruments, net	824			(1,086		)
Total other expenses, net	(72,401		)	(70,540		)
Income (loss) before taxes and real estate dispositions	3,407			(131,344		)
Gain on disposition of real estate and held for sale assets, net	12,481			17,175
Income (loss) before taxes	15,888			(114,169		)
Provision for income taxes	(3,108		)	(1,365		)
Net income (loss)	$	12,780		$	(115,534	)

	Three Months Ended March 31,
	2017			2016
Cole Capital segment:
Revenues:
Offering-related fees and reimbursements	$	4,316		$	12,391
Transaction service fees and reimbursements	4,097			2,384
Management fees and reimbursements	18,718			16,458
Total Cole Capital revenues	27,131			31,233
Operating expenses:
Cole Capital reallowed fees and commissions	2,660			8,068
Acquisition-related	—			25
General and administrative	16,588			17,172
Depreciation and amortization	4,855			8,317
Total operating expenses	24,103			33,582
Operating income (loss)	3,028			(2,349		)
Total other income, net	128			494
Income (loss) before taxes	3,156			(1,855		)
(Provision for) benefit from income taxes	(1,146		)	1,309
Net income (loss)	$	2,010		$	(546	)
Total Company:
Total revenues	$	348,029		$	369,020
Total operating expenses	$	(269,193	)	$	(432,173	)
Total other expense, net	$	(72,273	)	$	(70,046	)
Net income (loss)	$	14,790		$	(116,080	)

	Total Assets
	March 31, 2017		December 31, 2016
REI segment	$	15,110,337	$	15,337,623
Cole Capital segment	246,198		249,951
Total Company	$	15,356,535	$	15,587,574