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Real Estate Properties (Tables)
12 Months Ended
Dec. 31, 2013
Real Estate Properties  
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

 

        Balance Sheets:

 
  December 31,  
 
  2013   2012  

Real estate properties

  $ 536,552   $ 164,041  

Acquired real estate leases

    6,937     453  

Rents receivable

    14,180     2,791  

Other assets, net

    15,862     4,547  
           

Properties held for sale

  $ 573,531   $ 171,832  
           
           

Mortgage notes payable, net

  $ 20,018   $  

Assumed real estate lease obligations

    2,070     21  

Rent collected in advance

    4,043     854  

Security deposits

    2,603     1,464  
           

Liabilities related to properties held for sale

  $ 28,734   $ 2,339  
           
           

        Income Statements:

 
  Year Ended December 31,  
 
  2013   2012   2011  

Rental income

  $ 110,955   $ 134,962   $ 163,159  

Tenant reimbursements and other income

    18,453     22,128     27,905  
               

Total revenues

    129,408     157,090     191,064  
               

Operating expenses

    76,203     87,774     104,449  

Depreciation and amortization

    28,098     48,533     51,493  

General and administrative

    7,563     8,675     9,254  

Acquisition related costs

            471  
               

Total expenses

    111,864     144,982     165,667  
               

Operating income

    17,544     12,108     25,397  

Interest and other income

    65     79     58  

Interest expense

    (1,742 )   (2,404 )   (3,148 )
               

Income from discontinued operations

  $ 15,867   $ 9,783   $ 22,307  
               
               
Schedule of future minimum lease payments receivable

The future minimum lease payments scheduled to be received by us during the current terms of our leases as of December 31, 2013 are as follows:

2014

  $ 589,603  

2015

    564,468  

2016

    501,714  

2017

    441,682  

2018

    391,015  

Thereafter

    1,350,719  
       

 

  $ 3,839,201  
       
       
Schedule of future minimum lease payments

The future minimum lease payments scheduled to be paid by us during the current terms of this ground lease under which we are the lessee, as of December 31, 2013, are as follows:

2014

  $ 1,477  

2015

    1,477  

2016

    1,477  

2017

    1,477  

2018

    1,483  

Thereafter

    131,496  
       

 

  $ 138,887