Reportable Segments (Tables)

9 Months Ended

Sep. 30, 2015

Segment Reporting Information [Line Items]

Schedule of Income (Loss) by Reportable Segment

Segment net income 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 September 30, 2015	Office		Retail		Land		Other			Total
Net operating income	$	59,328	$	—	$	—	$	1,488		$	60,816
Sales less costs of sales	—		—		3,016		—			3,016
Fee income	—		—		—		1,686			1,686
Other income	—		—		—		845			845
General and administrative expenses	—		—		—		(2,971		)	(2,971		)
Reimbursed expenses	—		—		—		(686		)	(686		)
Interest expense	—		—		—		(9,518		)	(9,518		)
Other expenses	—		—		—		(721		)	(721		)
Funds from operations available to common stockholders	$	59,328	$	—	$	3,016	$	(9,877	)	52,467
Real estate depreciation and amortization, including Company's share of joint ventures										(35,014		)
Gain on sale of depreciated investment properties, including Company's share of joint ventures										36,167
Net income available to common stockholders										$	53,620

Three Months Ended September 30, 2014	Office		Retail		Land		Other			Total
Net operating income	$	52,691	$	1,221	$	—	$	1,200		$	55,112
Sales less costs of sales	—		—		82		—			82
Fee income	—		—		—		1,802			1,802
Other income	—		—		—		399			399
General and administrative expenses	—		—		—		(5,021		)	(5,021		)
Reimbursed expenses	—		—		—		(783		)	(783		)
Interest expense	—		—		—		(8,660		)	(8,660		)
Other expenses	—		—		—		(1,255		)	(1,255		)
Preferred stock dividends and original issuance costs	—		—		—		—			—
Funds from operations available to common stockholders	$	52,691	$	1,221	$	82	$	(12,318	)	41,676
Real estate depreciation and amortization, including Company's share of joint ventures										(35,347		)
Gain on sale of depreciated investment properties including the Company's share of joint ventures										12,993
Net income available to common stockholders										$	19,322

Nine Months Ended September 30, 2015	Office		Retail		Land		Other			Total
Net operating income	$	175,331	$	—	$	—	$	4,312		$	179,643
Sales less costs of sales	—		—		3,502		—			3,502
Fee income	—		—		—		5,206			5,206
Other income	—		—		—		1,490			1,490
General and administrative expenses	—		—		—		(12,502		)	(12,502		)
Reimbursed expenses	—		—		—		(2,514		)	(2,514		)
Interest expense	—		—		—		(28,712		)	(28,712		)
Other expenses	—		—		—		(2,473		)	(2,473		)
Funds from operations available to common stockholders	$	175,331	$	—	$	3,502	$	(35,193	)	143,640
Real estate depreciation and amortization, including Company's share of joint ventures										(110,759		)
Gain on sale of depreciated investment properties, including Company's share of joint ventures										35,893
Net income available to common stockholders										$	68,774

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 September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Net operating income	$	60,816		$	55,112		$	179,643		$	156,419
Sales less cost of sales	3,016			82			3,502			1,615
Fee income	1,686			1,802			5,206			6,165
Other income	845			399			1,490			4,563
Rental property operating expenses	41,331			38,685			120,672			109,501
Cost of sales on residential lot sales	—			55			—			325
Net operating income in joint ventures	(6,132		)	(6,601		)	(18,102		)	(19,748		)
Sales less cost of sales in joint ventures	(2,038		)	—			(2,280		)	(47		)
Net operating (income) loss in discontinued operations	—			(341		)	14			(1,798		)
Other income in discontinued operations and in joint ventures	(129		)	(14		)	(479		)	(29		)
Termination fees in discontinued operations and in joint ventures	(271		)	—			(419		)	(74		)
Gain on land sales (included in gain on investment properties)	(978		)	(81		)	(1,222		)	(1,566		)
Total consolidated revenues	$	98,146		$	89,098		$	288,025		$	255,326