Reportable Segments (Tables)

12 Months Ended

Dec. 31, 2014

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, 2014	Office		Retail		Land		Other			Total
Net operating income	$	206,551	$	4,479	$	—	$	4,643		$	215,673
Sales less costs of sales	—		—		3,868		42			3,910
Fee income	—		—		—		12,519			12,519
Other income	—		—		—		5,404			5,404
Gain on sale of third party management and leasing	—		—		—		(3		)	(3		)
Third party management and leasing expenses	—		—		—		(2		)	(2		)
Separation expenses	—		—		—		(210		)	(210		)
General and administrative expenses	—		—		—		(19,784		)	(19,784		)
Reimbursed expenses	—		—		—		(3,652		)	(3,652		)
Interest expense	—		—		—		(36,474		)	(36,474		)
Other expenses	—		—		—		(5,692		)	(5,692		)
Preferred stock dividends and original issuance costs	—		—		—		(6,485		)	(6,485		)
Funds from operations available to common stockholders	$	206,551	$	4,479	$	3,868	$	(49,694	)	$	165,204
Real estate depreciation and amortization, including Company's share of joint ventures										(151,066		)
Gain on sale of depreciated investment properties, including Company's share of joint ventures										31,955
Non-controlling interest related to the sale of depreciated properties										(574		)
Net income available to common stockholders										$	45,519
Total Assets	$	2,576,449	$	5,587	$	34,799	$	50,495		$	2,667,330

Year ended December 31, 2013	Office			Retail			Land			Third Party Management and Leasing			Other			Total
Net operating income	$	122,503		$	13,278		$	—		$	—		$	2,299		$	138,080
Sales less costs of sales	—			—			1,273			—			191			1,464
Fee income	—			—			—			76			10,891			10,967
Other income	—			—			—			—			3,528			3,528
Gain on sale of third party management and leasing business	—			—			—			4,576			—			4,576
Third party management and leasing expenses	—			—			—			(97		)	—			(97		)
Separation expenses	—		—	—		—	—		—	—			(520		)	(520		)
General and administrative expenses	—			—			—			—			(21,940		)	(21,940		)
Reimbursed expenses	—			—			—			—			(5,215		)	(5,215		)
Interest expense	—			—			—			—			(29,672		)	(29,672		)
Other expenses	—			—			—			—			(11,373		)	(11,373		)
Preferred stock dividends and original issuance costs	—			—			—			—			(12,664		)	(12,664		)
Funds from operations available to common stockholders	$	122,503		$	13,278		$	1,273		$	4,555		$	(64,475	)	$	77,134
Real estate depreciation and amortization, including Company's share of joint ventures																(92,041		)
Gain on sale of depreciated investment properties including the Company's share of joint ventures																127,401
Noncontrolling interest related to sale of depreciated properties																(3,397		)
Net income available to common stockholders																$	109,097
Total Assets	$	2,163,123		$	18,112		$	47,235		$	—		$	44,736		$	2,273,206

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	—		—		—		—			5,153			5,153
Gain on sale of third party management and leasing business	—		—		—		7,459			—			7,459
Third party management and leasing expenses	—		—		—		(13,675		)	—			(13,675		)
Separation expenses	—		—		—		—			(1,985		)	(1,985		)
General and administrative expenses	—		—		—		—			(23,208		)	(23,208		)
Reimbursed expenses	—		—		—		—			(7,063		)	(7,063		)
Interest expense	—		—		—		—			(28,154		)	(28,154		)
Impairment losses	—		—		—		—			(488		)	(488		)
Loss on extinguishment of debt	—		—		—		—			(94		)	(94		)
Other expenses	—		—		—		—			(8,389		)	(8,389		)
Preferred stock dividends and original issuance costs	—		—		—		—			(12,907		)	(12,907		)
Funds from operations available to common stockholders	$	80,907	$	29,429	$	4,915	$	10,149		$	(58,908	)	$	66,492
Real estate depreciation and amortization, including Company's share of joint ventures													(62,043)
Impairment losses on depreciable investment properties, net of amounts attributable to noncontrolling interests													(11,748)
Gain on sale of depreciated investment properties, including Company's share of joint ventures													41,944
Other													(1,824)
Net income available to common stockholders													$	32,821
Total Assets	$	736,867	$	151,417	$	50,520	$	—		$	185,438		$	1,124,242

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):

	2014			2013			2012
Net operating income	$	215,673		$	138,080		$	110,457
Sales less cost of sales	3,910			1,464			5,224
Fee income	12,519			10,967			34,162
Other income	5,404			3,528			5,153
Rental property operating expenses	155,934			90,498			50,329
Cost of sales	325			1,753			1,833
Net operating income in joint ventures	(25,896		)	(27,763		)	(23,956		)
Sales less cost of sales in joint ventures	(2,207		)	(111		)	(28		)
Net operating income in discontinued operations	(1,800		)	(6,390		)	(22,983		)
Fee income in discontinued operations	—			(76		)	(16,364		)
Other income in discontinued operations	(565		)	(64		)	(3,622		)
Termination fees in discontinued operations and in joint ventures	(187		)	—			—
Gain on land sales (included in gain on investment properties)	(1,727		)	(1,145		)	(3,719		)
Total consolidated revenues	$	361,383		$	210,741		$	136,486