Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The following is a summary of the financial information for discontinued operations for the three months ended March 31, 2018 (in thousands):

	Three Months Ended March 31, 2018
Revenues:
Offering-related fees and reimbursements	$	1,027
Transaction service fees and reimbursements	334
Management fees and reimbursements	6,452
Total revenues	$	7,813
Operating expenses:
Cole Capital reallowed fees and commissions	602
Transaction costs	(654		)
General and administrative	4,450
Total operating expenses	4,398
Operating income (loss)	3,415
Loss on disposition and assets held for sale	(2,009		)
Income before taxes	1,406
Benefit from income taxes	2,095
Income from discontinued operations, net of income taxes	$	3,501

The following is a summary of cash flows related to discontinued operations for the three months ended March 31, 2018 (in thousands):

	Three Months Ended March 31,
	2018
Cash flows related to discontinued operations:
Net cash used in operating activities	$	(10,662	)
Cash flows from investing activities	$	123,925