Segment Information (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of property level information by operating segment for properties classified as held and used in operations

Property level information by operating segment for properties classified as held and used in operations as of June 30, 2014, and for the three and six months ended June 30, 2014 and 2013, is as follows (in thousands):

	As of June 30,
	2014	2013
Square feet:
CBD properties	21,892	22,149
Suburban properties	21,028	46,114
Total properties	42,920	68,263

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Rental income:
CBD properties	$	106,094	$	109,600	$	216,333	$	221,771
Suburban properties	66,313		100,413		128,114		199,542
Total properties	$	172,407	$	210,013	$	344,447	$	421,313

Tenant reimbursements and other income:
CBD properties	$	28,465	$	30,847	$	58,706	$	61,955
Suburban properties	14,322		21,328		29,301		41,532
Total properties	$	42,787	$	52,175	$	88,007	$	103,487

NOI:
CBD properties	$	71,996	$	75,529	$	145,166	$	154,514
Suburban properties	50,497		82,554		92,856		162,051
Total properties	$	122,493	$	158,083	$	238,022	$	316,565

Schedule of reconciliation of NOI to net income

A reconciliation of NOI to net income for the three and six months ended June 30, 2014 and 2013, is as follows (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
Rental income	$	172,407		$	210,013		$	344,447		$	421,313
Tenant reimbursements and other income	42,787			52,175			88,007			103,487
Operating expenses	(92,701		)	(104,105		)	(194,432		)	(208,235		)
NOI	$	122,493		$	158,083		$	238,022		$	316,565

NOI	$	122,493		$	158,083		$	238,022		$	316,565
Depreciation and amortization	(59,831		)	(63,459		)	(111,480		)	(126,029		)
General and administrative	(24,097		)	(21,049		)	(48,945		)	(37,712		)
Loss on asset impairment	(22,683		)	—			(17,922		)	—
Acquisition related costs	—			(145		)	(5		)	(773		)
Operating income	15,882			73,430			59,670			152,051

Interest and other income	281			249			665			704
Interest expense	(37,899		)	(43,320		)	(75,834		)	(95,216		)
Loss on early extinguishment of debt	—			—			—			(60,027		)
(Loss) gain on sale of equity investments	(33		)	—			(33		)	66,293
Gain on issuance of shares by an equity investee	16,911			—			17,020			—
(Loss) income from continuing operations before income tax expense and equity in earnings of investees	(4,858		)	30,359			1,488			63,805
Income tax expense	(908		)	(754		)	(1,463		)	(1,742		)
Equity in earnings of investees	12,454			159			23,388			4,421
Income from continuing operations	6,688			29,764			23,413			66,484
Income from discontinued operations	4,114			1,643			8,125			1,637
Loss on asset impairment from discontinued operations	(2,072		)	(4,589		)	(2,360		)	(8,535		)
Loss on early extinguishment of debt from discontinued operations	(3,345		)	—			(3,345		)	—
Net gain on sale of properties from discontinued operations	—			2,099			—			3,359
Income before gain on sale of properties	5,385			28,917			25,833			62,945
Gain on sale of properties	—			—			—			1,596
Net income	$	5,385		$	28,917		$	25,833		$	64,541