Real estate assets held for sale (Tables)

9 Months Ended

Sep. 30, 2015

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

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

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

Real estate assets and related assets held for sale	September 30, 2015
Operating Properties, net of accumulated depreciation of $57,967	$	44,560
Deferred rents receivable	4,239
Other assets, net of accumulated amortization of $2,111	1,086
Notes and accounts receivable	606
	$	50,491
Liabilities of real estate assets held for sale
Accounts payable and accrued expenses	$	2,212
Other liabilities	631
	$	2,843

REAL ESTATE ASSETS HELD FOR SALE

As of September 30, 2015, the following operating properties were classified as held for sale:

Property	Property Type	Location	Rentable Square Feet
North Point Center East	Office	Atlanta, Georgia	540,000
The Points at Waterview	Office	Dallas, Texas	203,000

In the second quarter of 2014, the Company adopted ASU 2014-08 relating to the reporting of discontinued operations. Since the adoption of the guidance, the Company has determined that the sale of the properties listed above would not represent a strategic shift in operations and, therefore, will be presented in continuing operations for all periods present. The major classes of assets and liabilities of the properties held for sale as of September 30, 2015 are as follows (in thousands):

Real estate assets and related assets held for sale	September 30, 2015
Operating Properties, net of accumulated depreciation of $57,967	$	44,560
Deferred rents receivable	4,239
Other assets, net of accumulated amortization of $2,111	1,086
Notes and accounts receivable	606
	$	50,491
Liabilities of real estate assets held for sale
Accounts payable and accrued expenses	$	2,212
Other liabilities	631
	$	2,843