Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.2.0.727
Segment Information (Tables)
6 Months Ended
Jun. 30, 2015
Segment Reporting Information, Revenue for Reportable Segment [Abstract]  
Reconciliation of Net Operating Income of Reportable Segments
The following tables present revenues, net operating income, capital expenditures and total assets for the 2015 and 2014 Quarters and Periods from these segments, and reconciles net operating income of reportable segments to net income attributable to the controlling interests as reported (in thousands):
 
Three Months Ended June 30, 2015
 
Office
 
Retail
 
Multifamily
 
Corporate and Other
 
Consolidated
Real estate rental revenue
$
43,143

 
$
15,740

 
$
15,343

 
$

 
$
74,226

Real estate expenses
16,842

 
3,702

 
6,685

 

 
27,229

Net operating income
$
26,301

 
$
12,038

 
$
8,658

 
$

 
$
46,997

Depreciation and amortization
 
 
 
 
 
 
 
 
(25,503
)
General and administrative
 
 
 
 
 
 
 
 
(4,306
)
Acquisition costs
 
 
 
 
 
 
 
 
(992
)
Interest expense
 
 
 
 
 
 
 
 
(14,700
)
Other income
 
 
 
 
 
 
 
 
192

Gain on sale of real estate
 
 
 
 
 
 
 
 
1,454

Real estate impairment
 
 
 
 
 
 
 
 
(5,909
)
Loss on extinguishment of debt
 
 
 
 
 
 
 
 
(119
)
Net loss
 
 
 
 
 
 
 
 
(2,886
)
Less: Net loss attributable to noncontrolling interests in subsidiaries
 
 
 
 
 
 
 
 
340

Net loss attributable to the controlling interests
 
 
 
 
 
 
 
 
$
(2,546
)
Capital expenditures
$
6,092

 
$
649

 
$
869

 
$
460

 
$
8,070

Total assets
$
1,273,695

 
$
376,178

 
$
393,347

 
$
46,974

 
$
2,090,194

 
Three Months Ended June 30, 2014
 
Office
 
Retail
 
Multifamily
 
Corporate
and Other
 
Consolidated
Real estate rental revenue
$
41,876

 
$
14,759

 
$
15,619

 
$

 
$
72,254

Real estate expenses
15,817

 
3,237

 
6,474

 

 
25,528

Net operating income
$
26,059

 
$
11,522

 
$
9,145

 
$

 
$
46,726

Depreciation and amortization
 
 
 
 
 
 
 
 
(24,401
)
Acquisition costs
 
 
 
 
 
 
 
 
(1,933
)
General and administrative
 
 
 
 
 
 
 
 
(4,828
)
Interest expense
 
 
 
 
 
 
 
 
(14,985
)
Other income
 
 
 
 
 
 
 
 
219

Gain on sale of real estate
 
 
 
 
 
 
 
 
570

Discontinued operations:
 
 
 
 
 
 
 
 
 
Loss on sale of real estate
 
 
 
 
 
 
 
 
(288
)
Net income
 
 
 
 
 
 
 
 
1,080

Less: Net loss attributable to noncontrolling interests in subsidiaries
 
 
 
 
 
 
 
 
7

Net income attributable to the controlling interests
 
 
 
 
 
 
 
 
$
1,087

Capital expenditures
$
14,467

 
$
1,010

 
$
3,101

 
$
24

 
$
18,602

Total assets
$
1,273,404

 
$
337,513

 
$
397,454

 
$
51,778

 
$
2,060,149


 
Six Months Ended June 30, 2015
 
Office
 
Retail
 
Multifamily
 
Corporate and Other
 
Consolidated
Real estate rental revenue
$
85,639

 
$
32,070

 
$
31,373

 
$

 
$
149,082

Real estate expenses
33,985

 
8,489

 
13,963

 

 
56,437

Net operating income
$
51,654

 
$
23,581

 
$
17,410

 
$

 
$
92,645

Depreciation and amortization
 
 
 
 
 
 
 
 
(50,778
)
General and administrative
 
 
 
 
 
 
 
 
(10,386
)
Acquisition costs
 
 
 
 
 
 
 
 
(1,008
)
Interest expense
 
 
 
 
 
 
 
 
(30,048
)
Other income
 
 
 
 
 
 
 
 
384

Gain on sale of real estate
 
 
 
 
 
 
 
 
31,731

Real estate impairment
 
 
 
 
 
 
 
 
(5,909
)
Loss on extinguishment of debt
 
 
 
 
 
 
 
 
(119
)
Net income
 
 
 
 
 
 
 
 
26,512

Less: Net loss attributable to noncontrolling interests in subsidiaries
 
 
 
 
 
 
 
 
448

Net income attributable to the controlling interests
 
 
 
 
 
 
 
 
$
26,960

Capital expenditures
$
8,610

 
$
1,499

 
$
2,282

 
$
1,836

 
$
14,227

 
Six Months Ended June 30, 2014
 
Office
 
Retail
 
Multifamily
 
Corporate
and Other
 
Consolidated
Real estate rental revenue
$
80,939

 
$
29,384

 
$
30,542

 
$

 
$
140,865

Real estate expenses
31,512

 
7,468

 
12,890

 

 
51,870

Net operating income
$
49,427

 
$
21,916

 
$
17,652

 
$

 
$
88,995

Depreciation and amortization
 
 
 
 
 
 
 
 
(47,154
)
Acquisition costs
 
 
 
 
 
 
 
 
(4,978
)
General and administrative
 
 
 
 
 
 
 
 
(9,257
)
Interest expense
 
 
 
 
 
 
 
 
(29,515
)
Other income
 
 
 
 
 
 
 
 
442

Gain on sale of real estate
 
 
 
 
 
 
 
 
570

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

Gain on sale of real estate
 
 
 
 
 
 
 
 
105,985

Net income
 
 
 
 
 
 
 
 
105,634

Less: Net loss attributable to noncontrolling interests in subsidiaries
 
 
 
 
 
 
 
 
7

Net income attributable to the controlling interests
 
 
 
 
 
 
 
 
$
105,641

Capital expenditures
$
23,170

 
$
1,120

 
$
4,657

 
$
41

 
$
28,988