Liability for Estimated Costs in Excess of Estimated Receipts During Liquidation (Tables)

9 Months Ended

Sep. 30, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Summary of Accrued Revenues and Expenses Expected to Incur During Liquidation

Upon transition to the liquidation basis of accounting on August 1, 2014, the Trust accrued the following revenues and expenses expected to be incurred during liquidation (in thousands):

	Amount
Rents and reimbursements	$	81,975
Interest and dividends		23,349
Property operating expenses		(31,583	)
Interest expense		(30,216	)
General and administrative expenses		(45,160	)
Capital expenditures		(9,785	)
Sales costs		(15,805	)
Liability for estimated costs in excess of estimated receipts during liquidation	$	(27,225	)

Schedule of Changes in Liability for Estimated Costs in Excess of Estimated Receipts During Liquidation

The change in the liability for estimated costs in excess of estimated receipts during liquidation as of September 30, 2014 is as follows (in thousands):

	August 1, 2014			Cash Payments (Receipts)			Remeasurement of Assets and Liabilities			September 30, 2014
Assets:
Estimated net inflows from investments in real estate and loans receivable	$	38,400		$	(1,710	)	$	(231	)	$	36,459
Liabilities:
Sales costs		(15,805	)		—			—			(15,805	)
Corporate expenditures		(49,820	)		3,066			—			(46,754	)
		(65,625	)		3,066			—			(62,559	)
Total liability for estimated costs in excess of estimated receipts during liquidation	$	(27,225	)	$	1,356		$	(231	)	$	(26,100	)