Real Estate Activities (Tables)

6 Months Ended

Jun. 30, 2014

Real Estate [Abstract]

Investments in Real Estate

Investments in real estate as of June 30, 2014 and December 31, 2013 were comprised of the following:

(in thousands of dollars)	As of June 30, 2014			As of December 31, 2013
Buildings, improvements and construction in progress	$	3,056,170		$	3,049,758
Land, including land held for development	475,041			478,110
Total investments in real estate	3,531,211			3,527,868
Accumulated depreciation	(1,063,080		)	(1,012,746		)
Net investments in real estate	$	2,468,131		$	2,515,122

Summary of Capitalized Salaries, Commissions and Benefits, Real Estate Taxes and Interest

The following table summarizes our capitalized salaries, commissions and benefits and interest for the three and six months ended June 30, 2014 and 2013:

	Three Months Ended   June 30,				Six Months Ended   June 30,
(in thousands of dollars)	2014		2013		2014		2013
Development/Redevelopment Activities:
Salaries and benefits	$	431	$	136	$	825	$	313
Interest	191		213		294		289
Leasing Activities:
Salaries, commissions and benefits	1,409		1,185		2,829		2,722

Summary of Revenue and Expense Information for Discontinued Operations

following table summarizes revenue and expense information for the three and six months ended June 30, 2013 for these discontinued operations (there were no operating results for these properties from, and there were no properties classified in, discontinued operations in the three or six months ended June 30, 2014):

	Three Months Ended   June 30,				Six Months Ended   June 30,
(in thousands of dollars)		2013				2013
Real estate revenue		$	2,745			$	6,888
Expenses:
Operating expenses		(795		)		(2,881		)
Depreciation and amortization		(363		)		(727		)
Interest expense		(587		)		(1,259		)
Total expenses		(1,745		)		(4,867		)
Operating results from discontinued operations		1,000				2,021
Gains on sales of discontinued operations		—				33,254
Income from discontinued operations		$	1,000			$	35,275