Impairment

The following impairment charges were recorded on the following assets based on the difference between the carrying amount of the assets and the estimated fair value (see Note 24 for additional fair value information) (in thousands):



	Year Ended December 31,
	2013		2012		2011
Continuing operations:
Land held for development and undeveloped land ⁽¹⁾	$	2,358	$	—	$	23,646
Property marketed for sale or sold ⁽²⁾	56		2,977		5,536
Investments in real estate joint ventures and partnerships ⁽³⁾	—		6,608		1,752
Tax increment revenue bonds ⁽⁴⁾	—		—		18,737
Other	165		—		—
Total reported in continuing operations	2,579		9,585		49,671
Discontinued operations:
Property held for sale or sold ⁽⁵⁾	236		5,851		26,203
Total impairment charges	2,815		15,436		75,874
Other financial statement captions impacted by impairment:
Equity in loss of real estate joint ventures and partnerships, net	395		19,946		7,022
Net loss attributable to noncontrolling interests	—		—		(4,459		)
Net impact of impairment charges	$	3,210	$	35,382	$	78,437

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(1)	Impairment was prompted by changes in management's plans for these properties, recent comparable market transactions and/or a change in market conditions.


(2)	These charges resulted from changes in management’s plans for these properties, primarily the marketing of these properties for sale. Also, included in this caption are impairments associated with dispositions that did not qualify to be reported in discontinued operations.


(3)	Amounts reported in 2012 were based on third party offers to buy our interests in industrial real estate joint ventures. Amounts reported in 2011 relate to market conditions.


(4)	During 2011, the tax increment revenue bonds were remarketed by the Agency. All of the outstanding bonds were recalled, and new bonds were issued. We recorded an $18.7 million net credit loss on the exchange of bonds associated with our investment in the tax increment revenue bonds.


(5)	Amounts reported were based on third party offers.