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Investment in Real Estate (Tables) | 6 Months Ended
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Jun. 30, 2012
Investment in Real Estate [Abstract] |
Summary of intangible assets subject to amortization in the period of acquisition |
|  | Six Months Ended June 30, 2012 |  |  | Six Months Ended June 30, 2011 |
In-Place Leases |  | $ | 1,750 |  |  | $ | 2,511 |
Tenant Relationships |  | $ | 1,012 |  |  | $ | 1,553 |
Above Market Leases |  | $ | — |  |  | $ | 2,883 |
Below Market Leases |  | $ | (102 | ) |  | $ | — |
|  | Six Months Ended June 30, 2012 |  |  | Six Months Ended June 30, 2011 |
In-Place Leases |  |  | 118 |  |  |  | 56 |
Tenant Relationships |  |  | 178 |  |  |  | 116 |
Above Market Leases |  |  | N/A |  |  |  | 56 |
Below Market Leases |  |  | 118 |  |  |  | N/A |
Summary regarding the industrial properties included in discontinued operations |
|  | Three Months Ended June 30, 2012 |  |  | Three Months Ended June 30, 2011 |  |  | Six Months Ended June 30, 2012 |  |  | Six Months Ended June 30, 2011 |
Total Revenues |  | $ | 1,967 |  |  | $ | 3,958 |  |  | $ | 4,408 |  |  | $ | 9,049 |
Property Expenses |  |  | (722 | ) |  |  | (1,536 | ) |  |  | (1,716 | ) |  |  | (3,702 | )
Impairment of Real Estate |  |  | — |  |  |  | (564 | ) |  |  | (1,411 | ) |  |  | (3,057 | )
Depreciation and Amortization |  |  | (186 | ) |  |  | (604 | ) |  |  | (494 | ) |  |  | (1,737 | )
Interest Expense |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (63 | )
Gain on Sale of Real Estate |  |  | 1,386 |  |  |  | 3,537 |  |  |  | 7,585 |  |  |  | 7,341 |
Provision for Income Taxes |  |  | — |  |  |  | (1,532 | ) |  |  | — |  |  |  | (2,039 | )
Income from Discontinued Operations |  | $ | 2,445 |  |  | $ | 3,259 |  |  | $ | 8,372 |  |  | $ | 5,792 |
Net non-cash impairment charges |
|  | Three Months Ended June 30, 2012 |  |  | Three Months Ended June 30, 2011 |  |  | Six Months Ended June 30, 2012 |  |  | Six Months Ended June 30, 2011 |
Operating Properties—Held for Sale and Sold Assets |  | $ | — |  |  | $ | 564 |  |  | $ | 1,411 |  |  | $ | 3,057 |
Impairment—Discontinued Operations |  | $ | — |  |  | $ | 564 |  |  | $ | 1,411 |  |  | $ | 3,057 |
Land Parcels—Held for Sale and Sold Assets |  | $ | — |  |  | $ | (5,879 | ) |  | $ | — |  |  | $ | (5,879 | )
Operating Properties—Held for Use |  |  | — |  |  |  | 544 |  |  |  | (165 | ) |  |  | (1,406 | )
Land Parcels—Held for Use |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (595 | )
Impairment—Continuing Operations |  | $ | — |  |  | $ | (5,335 | ) |  | $ | (165 | ) |  | $ | (7,880 | )
Total Net Impairment |  | $ | — |  |  | $ | (4,771 | ) |  | $ | 1,246 |  |  | $ | (4,823 | )
Fair Value Measurements on a Non-Recurring Basis |
|  |  |  |  | Fair Value Measurements on a Non-Recurring Basis Using: |  |  |  |
Description |  | Six Months Ended June 30, 2012 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Unobservable Inputs (Level 3) |  |  | Total Impairment |
Long-lived Assets Held for Sale* |  | $ | 24,069 |  |  |  | — |  |  |  | — |  |  | $ | 24,069 |  |  | $ | (1,194 | )
|  |  |  |  | Fair Value Measurements on a Non-Recurring Basis Using: |  |  |  |
Description |  | Six Months Ended June 30, 2011 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Unobservable Inputs (Level 3) |  |  | Total Impairment |
Long-lived Assets Held for Sale** |  | $ | 31,405 |  |  |  | — |  |  |  | — |  |  | $ | 31,405 |  |  | $ | (3,903 | )
Long-lived Assets Held and Used** |  | $ | 102,552 |  |  |  | — |  |  |  | — |  |  | $ | 102,552 |  |  |  | (1,781 | )
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (5,684 | )
* | Excludes industrial properties for which impairment loss of $52 was recorded during the six months ended June 30, 2012, since the related assets are either sold or recorded at carrying value, which is lower than estimated fair value at June 30, 2012.
** | Excludes industrial properties and land parcels for which an impairment reversal of $10,507 was recorded during the six months ended June 30, 2011, since the related assets are recorded at carrying value, which is lower than estimated fair value at June 30, 2011.
Quantitative information about fair value measurements |
Quantitative Information about Level 3 Fair Value Measurements: |
Description |  | Fair Value at June 30, 2012 |  |  | Valuation Technique |  |  | Unobservable Inputs |  |  | Range |
Five Industrial Properties comprising approximately 1.8 million square feet of GLA |  | $ | 24,069 |  |  |  | 3 rd Party Pricing |  |  |  | (A | ) |  |  | N/A |
(A) | The fair value for the properties is based upon the value of a third party purchase contract, which is subject to our corroboration for reasonableness.

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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 33 -Subparagraph a, b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19296-110258 + Details
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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16265-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 44 -Subparagraph a -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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