XML 92 R67.htm IDEA: XBRL DOCUMENT v3.3.1.900
Discontinued Operations (UNITED DOMINION REALTY, L.P.) (Tables)
 12 Months Ended
Dec. 31, 2015
Entity Information [Line Items]  
Summary of income from discontinued operations
The following is a summary of Income/(loss) from discontinued operations, net of tax for the years ended December 31, 2015, 2014, and 2013 (dollars in thousands):
 
Year Ended December 31,
 
2015
 
2014
 
2013
Rental income
$
—

 
$
147

 
$
9,152

Rental expenses
—

 
225

 
3,511

Property management
—

 
4

 
252

Real estate depreciation
—

 
—

 
1,958

Interest income and other (income)/expense, net
—

 
21

 
(62
)
Income/(loss) attributable to disposed properties and assets held for sale
—

 
(103
)
 
3,493

Net gain/(loss) on the sale of depreciable property
—

 
75

 
41,919

Impairment charges
—

 
—

 
(2,355
)
Income tax benefit/(provision)
—

 
38

 
885

Income/(loss) from discontinued operations, net of tax
$
—

 
$
10

 
$
43,942

 
 
 
 
 
 
Income/(loss) from discontinued operations attributable to UDR, Inc.
$
—

 
$
10

 
$
42,364
United Dominion Reality L.P.  
Entity Information [Line Items]  
Summary of income from discontinued operations
The following is a summary of income from discontinued operations for the years ended December 31, 2015, 2014, and 2013 (dollars in thousands):
 
Year Ended December 31,
 
2015
 
2014
 
2013
Rental income
$
—

 
$
—

 
$
8,989

Rental expenses
—

 
—

 
3,149

Property management
—

 
—

 
247

Real estate depreciation
—

 
—

 
1,935

Income/(loss) attributable to disposed properties
—

 
—

 
3,658

Net gain/(loss) on the sale of depreciable properties
—

 
—

 
41,518

Income/(loss) from discontinued operations
$
—

 
$
—

 
$
45,176

The following table summarizes the impact of the deconsolidation of the contributed assets on the Consolidated Balance Sheet at December 31, 2015 (in thousands):
Assets
 
Real estate held for investment
$
(628,479
)
Accumulated depreciation
223,363

Real estate held for investment, net
(405,116
)
Cash and cash equivalents
(140
)
Other assets
(1,680
)
Total assets
$
(406,936
)
 
 
Liabilities
 
Secured debt, net
$
(228,390
)
Real estate taxes payable
(4,123
)
Accounts payable, accrued expenses, and other liabilities
(5,781
)
Total liabilities
$
(238,294
)