Real estate assets held for sale (Notes)

6 Months Ended

Jun. 30, 2015

Long Lived Assets Held-for-sale [Line Items]

Disclosure of Long Lived Assets Held-for-sale [Table Text Block]

REAL ESTATE ASSETS HELD FOR SALE

During the second quarter of 2015, the Company determined that 2100 Ross, an 844,000 square foot office property in Dallas, Texas, met the criteria for held for sale. The Company also determined the sale of the property would not represent a strategic shift in operations and, therefore, it is presented in continuing operations for all periods present. This property is also classified as an office segment under segment reporting requirements. The Company transferred the assets and liabilities of 2100 Ross to assets and liabilities held for sale on the Condensed Consolidated Balance Sheet as of June 30, 2015.

The major classes of assets and liabilities of the property held for sale as of June 30, 2015 are as follows (in thousands):

Real estate assets and related assets held for sale
Operating Properties, net of accumulated depreciation of $13,294	$	74,667
Notes and accounts receivable	560
Deferred rents receivable	6,195
Intangible assets, net of accumulated amortization of $7,590	4,391
Other assets	962
	$	86,775
Liabilities of real estate assets held for sale
Accounts payable and accrued expenses	$	2,319
Intangible liabilities, net of accumulated amortization of $308	128
Other liabilities	685
	$	3,132

The major classes of assets and liabilities of the property held for sale as of June 30, 2015 are as follows (in thousands):

Real estate assets and related assets held for sale
Operating Properties, net of accumulated depreciation of $13,294	$	74,667
Notes and accounts receivable	560
Deferred rents receivable	6,195
Intangible assets, net of accumulated amortization of $7,590	4,391
Other assets	962
	$	86,775
Liabilities of real estate assets held for sale
Accounts payable and accrued expenses	$	2,319
Intangible liabilities, net of accumulated amortization of $308	128
Other liabilities	685
	$	3,132