Annual report pursuant to Section 13 and 15(d)

Segment Information (Tables)

v2.4.1.9
Segment Information (Tables)
12 Months Ended
Dec. 31, 2014
Segment Reporting Information, Revenue for Reportable Segment [Abstract]  
Real Estate Rental Revenue, Percent
Real estate rental revenue as a percentage of the total for each of the reportable operating segments in continuing operations for the three years ended December 31, 2014 was as follows:
 
Year Ended December 31,
 
2014
 
2013
 
2012
Office
57
%
 
58
%
 
58
%
Retail
21
%
 
21
%
 
21
%
Multifamily
22
%
 
21
%
 
21
%
Percentage of Real Estate Assets by Segment
The percentage of total income producing real estate assets, at cost, for each of the reportable operating segments in continuing operations as of December 31, 2014 and 2013 was as follows:
 
December 31,
 
2014
 
2013
Office
61
%
 
62
%
Retail
19
%
 
20
%
Multifamily
20
%
 
18
%
Reconciliation Of Net Operating Income Of Reportable Segments
The following tables present revenues, net operating income, capital expenditures and total assets for the three years ended December 31, 2014 from these segments, and reconciles net operating income of reportable segments to net income attributable to the controlling interests as reported (in thousands):
 
Year Ended December 31, 2014
 
Office
 
Retail
 
Multifamily
 
Corporate
and Other
 
Consolidated
Real estate rental revenue
$
166,116

 
$
60,263

 
$
62,258

 
$

 
$
288,637

Real estate expenses
63,903

 
14,022

 
25,770

 

 
103,695

Net operating income
$
102,213

 
$
46,241

 
$
36,488

 
$

 
$
184,942

Depreciation and amortization
 
 
 
 
 
 
 
 
(96,011
)
General and administrative
 
 
 
 
 
 
 
 
(19,761
)
Acquisition costs
 
 
 
 
 
 
 
 
(5,710
)
Interest expense
 
 
 
 
 
 
 
 
(59,785
)
Other income
 
 
 
 
 
 
 
 
825

Gain on sale of real estate
 
 
 
 
 
 
 
 
570

Discontinued operations:
 
 
 
 
 
 
 
 
 
Income from properties sold or held for sale
 
 
 
 
 
 
 
 
546

Gain on sale of real estate
 
 
 
 
 
 
 
 
105,985

Net income
 
 
 
 
 
 
 
 
111,601

Less: Net income attributable to noncontrolling interests
 
 
 
 
 
 
 
 
38

Net income attributable to the controlling interests
 
 
 
 
 
 
 
 
$
111,639

Capital expenditures
$
43,128

 
$
5,496

 
$
9,186

 
$
1,719

 
$
59,529

Total assets
$
1,284,523

 
$
385,174

 
$
408,772

 
$
35,238

 
$
2,113,707

 
 
Year Ended December 31, 2013
 
Office
 
Medical
Office
 
Retail
 
Multifamily
 
Corporate
and Other
 
Consolidated
Real estate rental revenue
$
152,339

 
$

 
$
56,189

 
$
54,496

 
$

 
$
263,024

Real estate expenses
57,293

 

 
13,768

 
22,232

 

 
93,293

Net operating income
$
95,046

 
$

 
$
42,421

 
$
32,264

 
$

 
$
169,731

Depreciation and amortization
 
 
 
 
 
 
 
 
 
 
(85,740
)
General and administrative
 
 
 
 
 
 
 
 
 
 
(17,535
)
Acquisition costs
 
 
 
 
 
 
 
 
 
 
(1,265
)
Interest expense
 
 
 
 
 
 
 
 
 
 
(63,573
)
Other income
 
 
 
 
 
 
 
 
 
 
926

Loss on extinguishment of debt
 
 
 
 
 
 
 
 
 
 
(2,737
)
Discontinued operations:
 
 
 
 
 
 
 
 
 
 
 
Income from properties sold or held for sale
 
 
 
 
 
 
 
 
 
 
15,395

Gain on sale of real estate
 
 
 
 
 
 
 
 
 
 
22,144

Net income
 
 
 
 
 
 
 
 
 
 
37,346

Less: Net income attributable to noncontrolling interests
 
 
 
 
 
 
 
 
 
 

Net income attributable to the controlling interests
 
 
 
 
 
 
 
 
 
 
$
37,346

Capital expenditures
$
37,777

 
$
3,695

 
$
4,204

 
$
10,153

 
$
162

 
$
55,991

Total assets
$
1,073,302

 
$
84,001

 
$
344,207

 
$
309,117

 
$
164,866

 
$
1,975,493

 
Year Ended December 31, 2012
 
Office
 
Medical
Office
 
Retail
 
Multifamily
 
Corporate
and Other
 
Consolidated
Real estate rental revenue
$
147,401

 
$

 
$
54,506

 
$
52,887

 
$

 
$
254,794

Real estate expenses
53,376

 

 
12,702

 
20,467

 

 
86,545

Net operating income
$
94,025

 
$

 
$
41,804

 
$
32,420

 
$

 
$
168,249

Depreciation and amortization
 
 
 
 
 
 
 
 
 
 
(85,107
)
General and administrative
 
 
 
 
 
 
 
 
 
 
(15,488
)
Acquisition costs
 
 
 
 
 
 
 
 
 
 
(234
)
Interest expense
 
 
 
 
 
 
 
 
 
 
(60,627
)
Other income
 
 
 
 
 
 
 
 
 
 
975

Discontinued operations:
 
 
 
 
 
 
 
 
 
 
 
Income from properties sold or held for sale
 
 
 
 
 
 
 
 
 
 
10,816

Gain on sale of real estate
 
 
 
 
 
 
 
 
 
 
5,124

Net income
 
 
 
 
 
 
 
 
 
 
23,708

Less: Net income attributable to noncontrolling interests
 
 
 
 
 
 
 
 
 
 

Net income attributable to the controlling interests
 
 
 
 
 
 
 
 
 
 
$
23,708

Capital expenditures
$
35,330

 
$
7,004

 
$
2,977

 
$
5,869

 
$
555

 
$
51,735

Total assets
$
1,140,046

 
$
327,573

 
$
355,585

 
$
249,503

 
$
51,669

 
$
2,124,376