Real Estate Transactions

3 Months Ended

Mar. 31, 2017

Real Estate [Abstract]

REAL ESTATE TRANSACTIONS

REAL ESTATE TRANSACTIONS

As of March 31, 2017, The American Cancer Society Center (the “ACS Center”), a 996,000 square foot office building in Atlanta, Georgia, that is included in the Company's Atlanta/Office operating segment, was classified as held for sale. The building is expected to sell in the second quarter of 2017 and the associated debt is expected to be repaid at, or prior to, the date of sale.

The major components of the assets and liabilities of ACS Center at March 31, 2017 were as follows (in thousands):

Real estate and other assets held for sale
Operating properties, net of accumulated depreciation of $73,525 in 2017	$	33,459
Accounts receivable	1,028
Deferred rents receivable	8,913
Other assets	1,253
	$	44,653
Liabilities of real estate assets held for sale
Note payable, net of unamortized deferred loan costs of $36 in 2017	$	126,962
Accounts payable and accrued expenses	2,340
Other liabilities	1,389
	$	130,691