Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Schedule of Income (Loss) by Reportable Segment

Segment net income, the balance of the Company’s investment in joint ventures and the amount of capital expenditures are not presented in the following tables. Management does not utilize these measures when analyzing its segments or when making resource allocation decisions, and therefore this information is not provided. FFO is reconciled to net income (loss) on a total Company basis (in thousands):

Three Months Ended March 31, 2013	Office		Retail		Land		Third Party Management and Leasing			Other			Total
Net operating income	$	21,837	$	4,290	$	—	$	—		$	43		$	26,170
Sales less costs of sales	—		—		243		—			168			411
Fee income	—		—		—		74			3,580			3,654
Other income	—		—		—		—			282			282
Third party management and leasing expenses	—		—		—		(53		)	—			(53		)
General and administrative expenses	—		—		—		—			(6,069		)	(6,069		)
Reimbursed expenses	—		—		—		—			(1,910		)	(1,910		)
Interest expense	—		—		—		—			(6,645		)	(6,645		)
Other expenses	—		—		—		—			(1,152		)	(1,152		)
Preferred stock dividends	—		—		—		—			(3,227		)	(3,227		)
Funds from operations available to common stockholders	$	21,837	$	4,290	$	243	$	21		$	(14,930	)	11,461
Real estate depreciation and amortization, including Company's share of joint ventures													(15,320		)
Gain on sale of depreciated investment properties, including Company's share of joint ventures													57,029
Net income available to common stockholders													$	53,170

Three Months Ended March 31, 2012	Office		Retail		Land		Third Party Management and Leasing			Other			Total
Net operating income	$	20,598	$	8,658	$	—	$	—		$	1		$	29,257
Sales less costs of sales	—		—		385		—			(1		)	384
Fee income	—		—		—		4,711			2,856			7,567
Other income	—		—		—		—			1,507			1,507
Third party management and leasing expenses	—		—		—		(4,301		)	—			(4,301		)
Separation expenses	—		—		—		—			(213		)	(213		)
General and administrative expenses	—		—		—		—			(6,623		)	(6,623		)
Reimbursed expenses	—		—		—		—			(1,375		)	(1,375		)
Interest expense	—		—		—		—			(7,447		)	(7,447		)
Other expenses	—		—		—		—			(2,041		)	(2,041		)
Preferred stock dividends	—		—		—		—			(3,227		)	(3,227		)
Funds from operations available to common stockholders	$	20,598	$	8,658	$	385	$	410		$	(16,563	)	13,488
Real estate depreciation and amortization, including Company's share of joint ventures													(16,553		)
Impairment loss on depreciable investment property, net of amounts attributable to noncontrolling interests													(10,190		)
Gain on sale of depreciated investment properties, including Company's share of joint ventures													143
Net loss available to common stockholders													$	(13,112	)

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):

	Three Months Ended March 31,
	2013			2012
Net operating income	$	26,170		$	29,257
Sales less cost of sales	411			384
Fee income	3,654			7,567
Other income	282			1,507
Rental property operating expenses	16,297			12,225
Cost of sales	1,145			564
Net operating income in joint ventures	(6,448		)	(6,269		)
Sales less cost of sales in joint ventures	(10		)	1
Net operating income in discontinued operations	103			(5,639		)
Fee income in discontinued operations	(74		)	(4,711		)
Other income in discontinued operations	(19		)	(234		)
Gain on land sales (included in gain on investment properties)	(243		)	—
Total consolidated revenues	$	41,268		$	34,652