Property Transactions (Tables)

12 Months Ended

Dec. 31, 2015

Dec. 31, 2014

Properties sold that qualify as discontinued operations

The Company sold the following properties in 2015, 2014, and 2013 ($ in thousands):



Property	Property Type	Location	Square Feet	Sales Price		Discontinued Operations
2015
2100 Ross	Office	Dallas, Texas	844,000	$	131,000	No
200, 333, and 555 North Point Center East	Office	Atlanta, Georgia	411,000	$	70,300	No
The Points at Waterview	Office	Dallas, Texas	203,000	$	26,800	No

2014
777 Main	Office	Ft. Worth, TX	980,000	$	167,000	No
Lakeshore Park Plaza	Office	Birmingham, AL	197,000	$	25,000	Yes
Mahan Village	Retail	Tallahassee, FL	147,000	$	29,500	No
600 University Park Place	Office	Birmingham, AL	123,000	$	19,700	Yes

2013
Tiffany Springs MarketCenter	Retail	Kansas City, MO	238,000	$	53,500	Yes
Inhibitex	Office	Atlanta, GA	51,000	$	8,300	Yes

Components of Income (Loss) from Discontinued Operations

The following table details the components of income from discontinued operations, and gains (losses) related on the sales of discontinued operations for the years ended December 31, 2015, 2014, and 2013 (in thousands):



	2015			2014			2013
Rental property revenues	$	4		$	2,927		$	10,552
Other revenues	6			29			40
Third party management and leasing revenues	—			—			76
Third party management and leasing expenses	—			—			(99		)
Depreciation and amortization	—			—			(3,083		)
Other expenses	(27		)	(28		)	(25		)
Rental property operating expenses	(18		)	(1,128		)	(4,162		)
Income (loss) from discontinued operations	$	(35	)	$	1,800		$	3,299

Gain (loss) on sale of discontinued operations, net	$	(551	)	$	19,358		$	11,489

Gain (loss) on sale of investment properties in discontinued operations

Fair value of the assets and liabilities acquired



	2014						2013
	Northpark Town Center			Fifth Third Center			Post Oak Central			Terminus 200			816 Congress Avenue			Texas Acquisition
Tangible assets:
Land and improvements	$	24,577		$	22,863		$	88,406		$	25,040		$	6,817		$	306,563
Building	274,151			163,649			118,470			101,472			86,391			586,150
Tenant improvements	21,674			16,781			10,877			17,600			3,500			114,220
Other assets	—			1,014			—			101			—			—
Deferred rents receivable	—			—			—			44			—			—
Tangible assets	320,402			204,307			217,753			144,257			96,708			1,006,933
Intangible assets:
Above-market leases	2,846			632			995			1,512			89			4,959
In-place leases	30,159			17,096			26,968			14,355			8,222			117,630
Below-market ground leases	—			338			—			—			—			2,958
Ground lease purchase option	—			—			—			—			2,403			—
Total intangible assets	33,005			18,066			27,963			15,867			10,714			125,547
Tangible liabilities:
Accounts payable and accrued expenses	—			(1,026		)	—			—			—			—
Total tangible liabilities	—			(1,026		)	—			—			—			—
Intangible liabilities:
Below-market leases	(8,018		)	(9,374		)	(14,792		)	(9,273		)	(2,820		)	(47,170		)
Above-market ground lease	—			—			—			—			(1,981		)	(2,508		)
Total intangible liabilities	(8,018		)	(9,374		)	(14,792		)	(9,273		)	(4,801		)	(49,678		)

Total net assets acquired	$	345,389		$	211,973		$	230,924		$	150,851		$	102,621		$	1,082,802