Discontinued Operations

9 Months Ended

Sep. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

All current and prior period income from the following office and parking property dispositions are included in discontinued operations for the three and nine months ended September 30, 2014 (in thousands).

Office and Parking Properties	Location	Date of Sale	Net Sales Price		Net Book Value of Real Estate		Gain on Sale
2014 Dispositions: (1)
Woodbranch Building	Houston, TX	01/14/2014	$	14,424	$	4,450	$	9,974
Mesa Corporate Center	Phoenix, AZ	01/31/2014	12,257		11,768		489
			$	26,681	$	16,218	$	10,463

(1) With the adoption of ASU 2014-08, "Reporting Discontinued Operations and Disposals of Components of an Entity" effective January 1, 2014, the Company's 2014 sales of the Woodbranch Building and Mesa Corporate Center are included in discontinued operations for the nine months ended September 30, 2014 as these properties were previously classified as held for sale at December 31, 2013.

The amount of revenues and expenses for these office and parking properties reported in discontinued operations for the three and nine months ended September 30, 2015 and 2014 is as follows (in thousands):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2015		2014			2015		2014
Statements of Operations:
Revenues
Income from office and parking properties	$	—	$	52		$	—	$	99
Expenses
Operating expenses	—		341			—		364
Depreciation and amortization	—		—			—		116
Total expenses	—		341			—		480
Loss from discontinued operations	—		(289		)	—		(381		)
Net gains on sale of real estate from discontinued operations	—		—			—		10,463
Total discontinued operations per Statements of Operations	—		(289		)	—		10,082
Net (income) loss attributable to noncontrolling interest from discontinued operations - unit holders	—		111			—		(406		)
Total discontinued operations - Company's share	$	—	$	(178	)	$	—	$	9,676