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Investment in Real Estate (Tables) | 12 Months Ended
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Dec. 31, 2014
Real Estate [Abstract] |
Summary of Acquisition Purchase Price Allocation | The purchase price of the industrial properties and land parcels acquired for the years ended December 31, 2014 and 2013, was allocated as follows:
| Year Ended December 31, 2014 |  | Year Ended December 31, 2013
Land | $ | 39,739 |  |  | $ | 34,518 |
Building and Improvements | 44,070 |  |  | 33,244 |
Other Assets | 1,863 |  |  | 517 |
Deferred Leasing Intangibles, Net | 10,020 |  |  | 4,533 |
Total Purchase Price | $ | 95,692 |  |  | $ | 72,812 |
Summary of Intangible Assets (Liabilities) Subject to Amortization in Period of Acquisition | The fair value at the date of acquisition of in-place leases, tenant relationships, a below market ground lease obligation and above and below market leases recorded due to the real estate properties acquired for the years ended December 31, 2014 and 2013, which are recorded as deferred leasing intangibles, is as follows:
| Year Ended December 31, 2014 |  | Year Ended December 31, 2013
In-Place Leases | $ | 5,350 |  |  | $ | 2,807 |
Tenant Relationships | $ | 3,440 |  |  | $ | 1,914 |
Above Market Leases | $ | 316 |  |  | $ | — |
Below Market Ground Lease Obligation | $ | 1,854 |  |  | $ | — |
Below Market Leases | $ | (940 | ) |  | $ | (188 | )
The weighted average life, in months, of in-place leases, tenant relationships, a below market ground lease obligation and above and below market leases recorded at the time of acquisition as a result of the real estate properties acquired for the years ended December 31, 2014 and 2013 is as follows:
| Year Ended December 31, 2014 |  | Year Ended December 31, 2013
In-Place Leases | 74 |  | 52
Tenant Relationships | 131 |  | 112
Above Market Leases | 66 |  | N/A
Below Market Ground Lease Obligation | 480 |  | N/A
Below Market Leases | 79 |  | 52
Summary Regarding Industrial Properties Included in Discontinued Operations | The following table discloses certain information regarding the industrial properties included in our discontinued operations for the years ended December 31, 2014, 2013 and 2012:
| Year Ended December 31,
| 2014 |  | 2013 |  | 2012
Total Revenues | $ | 7,007 |  |  | $ | 20,727 |  |  | $ | 31,457 |
Property Expenses | (2,784 | ) |  | (8,126 | ) |  | (12,269 | )
Impairment of Real Estate | — |  |  | (2,652 | ) |  | (1,438 | )
Depreciation and Amortization | (2,388 | ) |  | (7,727 | ) |  | (11,648 | )
Gain on Sale of Real Estate | 25,988 |  |  | 34,344 |  |  | 12,665 |
Income from Discontinued Operations | $ | 27,823 |  |  | $ | 36,566 |  |  | $ | 18,767 |
Net Non-Cash Impairment Charges | During the years ended December 31, 2013 and 2012, we recorded the following net non-cash impairment charges (reversals):
| Year Ended December 31, 2013 |  | Year Ended December 31, 2012
Sold Operating Properties - Discontinued Operations | $ | 2,652 |  |  | $ | 1,438 |
Operating Properties - Continuing Operations | — |  |  | (192 | )
Total Net Impairment | $ | 2,652 |  |  | $ | 1,246 |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1486-128463 + Details
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- Definition Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 + Details
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