Reportable Segments (Tables)

12 Months Ended

Dec. 31, 2012

Segment Reporting [Abstract]

Schedule of Net Income (Loss) by Reportable Segment

FFO is reconciled to net income (loss) on a total Company basis (in thousands):

Year ended December 31, 2012	Office		Retail		Land		Third Party Management and Leasing			Other			Total
Net operating income	$	80,907	$	29,429	$	—	$	—		$	121		$	110,457
Sales less costs of sales	—		—		4,915		—			309			5,224
Fee income	—		—		—		16,365			17,797			34,162
Other income	3,037		603		—		—			1,513			5,153
Third party management and leasing expenses	—		—		—		(13,675		)	—			(13,675		)
Separation expenses	—		—		—		—			(1,984		)	(1,984		)
General and administrative expenses	—		—		—		—			(23,208		)	(23,208		)
Reimbursed expenses	—		—		—		—			(7,063		)	(7,063		)
Interest expense	—		—		—		—			(28,154		)	(28,154		)
Impairment loss	—		—		—		—			(488		)	(488		)
Other expenses	—		—		—		—			(8,484		)	(8,484		)
Gain on sale of third party management and leasing business	—		—		—		7,459			—			7,459
Preferred stock dividends	—		—		—		—			(12,907		)	(12,907		)
Funds from operations available to common stockholders	$	83,944	$	30,032	$	4,915	$	10,149		$	(62,548	)	66,492
Real estate depreciation and amortization, including Company's share of joint ventures													(62,043		)
Impairment loss on depreciable investment property, net of amounts attributable to noncontrolling interests													(11,748		)
Gain on sale of depreciated investment properties including Company's share of joint ventures													40,120
Net income available to common stockholders													$	32,821
Total Assets	$	736,867	$	151,417	$	50,520	$	—		$	185,438		$	1,124,242

Year ended December 31, 2011	Office		Retail		Land			Third Party Management and Leasing			Other			Total
Net operating income	$	75,387	$	31,583	$	—		$	—		$	3,583		$	110,553
Sales less costs of sales	—		—		5,236			—			2,250			7,486
Fee income	—		—		—			19,359			13,821			33,180
Other income	1,475		151		—			—			578			2,204
Third party management and leasing expenses	—		—		—			(16,585		)	—			(16,585		)
Separation expenses	—		—		—			—			(197		)	(197		)
General and administrative expenses	—		—		—			—			(24,166		)	(24,166		)
Reimbursed expenses	—		—		—			—			(6,208		)	(6,208		)
Interest expense	—		—		—			—			(32,515		)	(32,515		)
Impairment losses	—		—		(125,526		)	—			(3,608		)	(129,134		)
Other expenses	—		—		—			—			(8,586		)	(8,586		)
Preferred stock dividends	—		—		—			—			(12,907		)	(12,907		)
Funds from operations available to common stockholders	$	76,862	$	31,734	$	(120,290	)	$	2,774		$	(67,955	)	(76,875		)
Real estate depreciation and amortization, including Company's share of joint ventures														(62,709		)
Impairment losses on depreciable investment properties, net of amounts attributable to noncontrolling interests														(7,632		)
Gain on sale of depreciated investment properties including the Company's share of joint ventures														5,884
Net loss available to common stockholders														$	(141,332	)
Total Assets	$	732,857	$	375,923	$	108,172		$	4,302		$	14,281		$	1,235,535

Year ended December 31, 2010	Office		Retail		Land			Third Party Management and Leasing			Other			Total
Net operating income	$	72,792	$	31,729	$	—		$	—		$	3,721		$	108,242
Sales less costs of sales	—		—		12,502			—			7,898			20,400
Fee income	—		—		—			18,977			14,443			33,420
Other income	416		146		—			—			750			1,312
Third party management and leasing expenses	—		—		—			(17,393		)	—			(17,393		)
Separation expenses	—		—		—			—			(1,045		)	(1,045		)
General and administrative expenses	—		—		—			—			(28,517		)	(28,517		)
Reimbursed expenses	—		—		—			—			(6,297		)	(6,297		)
Interest expense	—		—		—			—			(41,432		)	(41,432		)
Impairment losses	—		—		(5,714		)	—			(586		)	(6,300		)
Other expenses	—		—		—			—			(16,702		)	(16,702		)
Preferred stock dividends	—		—		—			—			(12,907		)	(12,907		)
Funds from operations available to common stockholders	$	73,208	$	31,875	$	6,788		$	1,584		$	(80,674	)	32,781
Real estate depreciation and amortization, including Company's share of joint ventures														(67,728)
Gain on sale of depreciated investment properties														7,467
Net loss available to common stockholders														$	(27,480	)
Total Assets	671,540		348,470		261,323			4,050			85,899			1,371,282

Reconciliation of Revenues per Segment to Consolidated Revenues

The following table reconciles information presented in the tables above to the Company’s consolidated revenues (in thousands):

	2012			2011			2010
Net operating income	$	110,457		$	110,553		$	108,242
Sales less cost of sales	5,224			7,486			20,400
Fee income	34,162			33,180			33,420
Other income	5,153			2,204			1,312
Plus rental property operating expenses	54,518			44,912			43,441
Cost of sales	1,833			5,378			28,956
Net operating income in joint ventures	(23,596		)	(24,258		)	(20,179		)
Sales less cost of sales in joint ventures	(28		)	(1,927		)	(6,034		)
Net operating income in discontinued operations	(15,770		)	(25,611		)	(29,788		)
Fee income in discontinued operations	(16,365		)	(19,359		)	(18,977		)
Other income in discontinued operations	(3,591		)	(254		)	(193		)
Gain on tract sales (included in gain on investment properties)	(3,719		)	(3,258		)	(6,366		)
Total consolidated revenues	$	148,278		$	129,046		$	154,234