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Property Transactions (Tables)
12 Months Ended
Dec. 31, 2011
Property Transactions [Abstract]  
Properties sold that qualify as discontinued operations
    September 30,   September 30,     September 30,       September 30,  

Property

 

Property Type

 

Location

  Square
Feet
    Sales Price  
         

2011:

                       

King Mill Distribution Park — Building 3

  Industrial   Atlanta, GA     796,000     $ 28,300  

Lakeside Ranch Business Park — Building 20

  Industrial   Dallas, TX     749,000       28,400  

One Georgia Center

  Office   Atlanta, GA     376,000       48,600  

Jefferson Mill Business Park — Building A

  Industrial   Atlanta, GA     459,000       22,000  
         

2010:

                       

8995 Westside Parkway

  Office   Atlanta, GA     51,000       3,200  

San Jose MarketCenter

  Retail   San Jose, CA     213,000       85,000  
Components of Income (Loss) from Discontinued Operations
      September 30,       September 30,       September 30,  
    2011     2010     2009  

Rental property revenues

  $ 11,115     $ 17,806     $ 21,543  

Other income

    98       35       53  

Rental property operating expenses

    (4,474     (6,515     (8,571

Depreciation expense

    (3,887     (6,643     (8,052

Interest expense

    —         —         (1,634
   

 

 

   

 

 

   

 

 

 

Income from discontinued operations

  $ 2,852     $ 4,683     $ 3,339  
   

 

 

   

 

 

   

 

 

 
Gain on sale of investment properties in discontinued operations
      September 30,       September 30,       September 30,  
    2011     2010     2009  

King Mill Distribution Park — Building 3

  $ 4,977     $ —       $ —    

One Georgia Center

    2,805       —         —    

Lakeside Ranch Business Park — Building 20

    1,121       —         —    

Jefferson Mill Business Park — Building A

    (394     —         —    

San Jose MarketCenter

    10       6,572       —    

8995 Westside Parkway

    —         654       —    

Other

    —         —         147  
   

 

 

   

 

 

   

 

 

 

Gain on sale of investment properties — discontinued operations

  $ 8,519     $ 7,226     $ 147  
   

 

 

   

 

 

   

 

 

 
       

Gain on extinguishment of debt — San Jose MarketCenter

  $ —       $ —       $ 12,498  
   

 

 

   

 

 

   

 

 

 
Fair value of the assets and liabilities acquired
      September 30,  

Land

  $ 13,439  

Building

    94,190  

Tenant Improvements and FF&E

    8,600  
   

 

 

 

Tangible assets

    116,229  
   

 

 

 

Intangible Assets:

       

Above-market leases

    3,991  

In-place leases

    16,172  
   

 

 

 

Total intangible assets

    20,163  
   

 

 

 

Intangible Liabilities:

       

Below-market leases

    (1,659
   

 

 

 
   

Total net assets acquired

  $ 134,733