ACQUISITIONS AND DISPOSITIONS (Tables)

9 Months Ended

Sep. 30, 2017

Disposal Group, Disposed of by Sale, Not Discontinued Operations

Disposals

Disposal Group Detail

The results of operations of the aforementioned properties have been included in the consolidated statements of operations through their respective disposition dates.

Property	Asset Type	Date of Sale	Rooms	Sales Price		Gain on Sale
				(in thousands)
Courtyard Oakland, Oakland, CA	Hotel	February 2, 2016	162	$	43,800	$	24,739
LAX Holiday Inn, Los Angeles, CA	Hotel	July 19, 2016	405	$	52,500	$	14,927

Property	Asset Type	Date of Sale	Square Feet / Units	Sales Price		Gain on Sale
				(in thousands)
211 Main Street, San Francisco, CA	Office	March 28, 2017	417,266	$	292,882	$	187,734
3636 McKinney Avenue, Dallas, TX	Multifamily	May 30, 2017	103	$	20,000	$	5,488
3839 McKinney Avenue, Dallas, TX	Multifamily	May 30, 2017	75	$	14,100	$	4,224
200 S College Street, Charlotte, NC	Office	June 8, 2017	567,865	$	148,500	$	45,906
980 9th Street and 1010 8th Street, Sacramento, CA	Office & Parking Garage	June 20, 2017	485,926	$	120,500	$	34,559
4649 Cole Avenue, Dallas, TX	Multifamily	June 23, 2017	334	$	64,000	$	25,836
800 N Capitol Street, Washington, D.C.	Office	August 31, 2017	311,593	$	119,750	$	34,759
7083 Hollywood Boulevard, Los Angeles, CA	Office	September 21, 2017	82,193	$	42,300	$	23,670
47 E 34th Street, New York, NY	Multifamily	September 26, 2017	110	$	80,000	$	16,556

The following is the detail of the carrying amount of assets and liabilities at the time of the sales of the properties in 2017:

	(in thousands)
Assets
Investments in real estate, net	$	469,816
Deferred rent receivable and charges, net	29,954
Other intangible assets, net	11,283
Other assets	38
Total assets	$	511,091
Liabilities
Debt, net (1)	$	86,477
Other liabilities	14,029
Intangible liabilities, net	1,800
Total liabilities	$	102,306

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(1) Net of $665,000 of premium on assumed mortgage.

Disposal Group, Held-for-sale, Not Discontinued Operations

Disposals

Disposal Group Detail

The following is the detail of the carrying amounts of assets and liabilities of the properties that are classified as held for sale on our consolidated balance sheet as of September 30, 2017:

	(in thousands)
Assets
Investments in real estate, net (1)	$	167,361
Cash and cash equivalents	1,720
Accounts receivable, net	543
Deferred rent receivable and charges, net	4,105
Other assets	168
Total assets held for sale, net	$	173,897
Liabilities
Debt, net (2)	$	28,618
Accounts payable and accrued expenses	6,980
Due to related parties	323
Other liabilities	1,027
Total liabilities associated with assets held for sale, net	$	36,948

_______________________________________________________________________________

(1) Investments in real estate of $217,304,000 are presented net of accumulated depreciation of $49,943,000.

(2) Debt represents the outstanding principal balance of 4200 Scotland Street of $28,715,000. Debt is presented net of deferred loan costs of $264,000 and accumulated amortization of $167,000.