Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2015

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 available to common stockholders on a total Company basis (in thousands):

Three Months Ended March 31, 2015	Office		Retail		Land		Other			Total
Net operating income	$	56,734	$	—	$	—	$	1,319		$	58,053
Sales less costs of sales	—		—		810		—			810
Fee income	—		—		—		1,816			1,816
Other income	—		—		—		407			407
General and administrative expenses	—		—		—		(3,493		)	(3,493		)
Separation expenses	—		—		—		(102		)	(102		)
Reimbursed expenses	—		—		—		(1,111		)	(1,111		)
Interest expense	—		—		—		(9,498		)	(9,498		)
Other expenses	—		—		—		(947		)	(947		)
Funds from operations available to common stockholders	$	56,734	$	—	$	810	$	(11,609	)	45,935
Real estate depreciation and amortization, including Company's share of joint ventures										(38,997		)
Gain on sale of depreciated investment properties, including Company's share of joint ventures										265
Net income available to common stockholders										$	7,203

Three Months Ended March 31, 2014	Office		Retail		Land		Other			Total
Net operating income	$	47,598	$	1,303	$	—	$	1,117		$	50,018
Sales less costs of sales	—		—		160		—			160
Fee income	—		—		—		2,339			2,339
Other income	—		—		—		1,908			1,908
Gain on sale of third party management and leasing business	—		—		—		7			7
Separation expenses	—		—		—		(84		)	(84		)
General and administrative expenses	—		—		—		(5,611		)	(5,611		)
Reimbursed expenses	—		—		—		(932		)	(932		)
Interest expense	—		—		—		(9,012		)	(9,012		)
Other expenses	—		—		—		(834		)	(834		)
Preferred stock dividends and original issuance costs	—		—		—		(1,777		)	(1,777		)
Funds from operations available to common stockholders	$	47,598	$	1,303	$	160	$	(12,879	)	36,182
Real estate depreciation and amortization, including Company's share of joint ventures										(36,953		)
Gain on sale of depreciated investment properties including the Company's share of joint ventures										5,971
Net income available to common stockholders										$	5,200

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,
	2015			2014
Net operating income	$	58,053		$	50,018
Sales less cost of sales	810			160
Fee income	1,816			2,339
Other income	407			1,908
Rental property operating expenses	37,954			34,857
Net operating income in joint ventures	(5,988		)	(6,499		)
Net operating income in discontinued operations	14			(892		)
Other income in discontinued operations and in joint ventures	(160		)	(7		)
Termination fees in discontinued operations and in joint ventures	(120		)	—
Gain on land sales (included in gain on investment properties)	(810		)	(161		)
Total consolidated revenues	$	91,976		$	81,723