The following tables set forth certain segment information for the Company, as of and for the three months ended March 31, 2015 and 2014, and does not include unconsolidated affiliates:

11. SEGMENT REPORTING (continued)

Three Months Ended March 31, 2015



(dollars in thousands)	Core Portfolio			Funds			Structured Financing		Total
Revenues	$	35,593		$	13,480		$	3,408	$	52,481
Property operating expenses, other operating and real estate taxes	(9,691		)	(6,452		)	—		(16,143		)
General and administrative expenses	(6,811		)	(721		)	—		(7,532		)
Depreciation and amortization	(9,907		)	(3,751		)	—		(13,658		)
Operating income	9,184			2,556			3,408		15,148
Equity in earnings of unconsolidated affiliates	434			6,159			—		6,593
Loss on debt extinguishment	—			(109		)	—		(109		)
Gain on disposition of property	—			27,143			—		27,143
Interest and other finance expense	(6,468		)	(2,353		)	—		(8,821		)
Income tax provision	(480		)	(937		)	—		(1,417		)
Net income	2,670			32,459			3,408		38,537
Noncontrolling interests
Net income attributable to noncontrolling interests	(179		)	(21,811		)	—		(21,990		)
Net income attributable to Common Shareholders	$	2,491		$	10,648		$	3,408	$	16,547

Real Estate at Cost	$	1,550,695		$	953,607		$	—	$	2,504,302
Total Assets	$	1,666,987		$	1,105,319		$	98,560	$	2,870,866
Acquisition of Real Estate	$	169,235		$	51,036		$	—	$	220,271
Investment in Redevelopment and Improvements	$	6,353		$	34,141		$	—	$	40,494

11. SEGMENT REPORTING (continued)

Three Months Ended March 31, 2014



(dollars in thousands)	Core Portfolio			Funds			Structured Financing		Total
Revenues	$	30,149		$	12,642		$	3,894	$	46,685
Property operating expenses, other operating and real estate taxes	(7,906		)	(5,575		)	—		(13,481		)
General and administrative expenses	(6,413		)	(483		)	—		(6,896		)
Depreciation and amortization	(8,333		)	(3,254		)	—		(11,587		)
Operating income	7,497			3,330			3,894		14,721
Equity in earnings of unconsolidated affiliates	95			2,934			—		3,029
Gain on disposition of property	12,387			—			—		12,387
Loss on debt extinguishment	—			(203		)	—		(203		)
Interest and other finance expense	(7,200		)	(3,451		)	—		(10,651		)
Income tax provision	(104		)	(64		)	—		(168		)
Net Income	12,675			2,546			3,894		19,115
Noncontrolling interests
Net (income) loss attributable to noncontrolling interests	(419		)	2,899			—		2,480
Net income attributable to Common Shareholders	$	12,256		$	5,445		$	3,894	$	21,595

Real Estate at Cost	$	1,128,790		$	794,120		$	—	$	1,922,910
Total Assets	$	1,101,385		$	1,124,838		$	119,639	$	2,345,862
Acquisition of Real Estate	$	90,500		$	—		$	—	$	90,500
Investment in Redevelopment and Improvements	$	1,428		$	36,077		$	—	$	37,505