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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2017
Segment Reporting [Abstract] |
Reconciliation of Operating Profit from Segments to Net Loss | The table below compares segment profit for each of our operating segments and reconciles total segment profit to Net Loss for the year ended December 31, 2017 (in thousands):
| 2017
| Owned Real Estate |  | Investment Management |  | Total
Total revenues | $ | 303,410 |  |  | $ | 8,133 |  |  | $ | 311,543 |
Property operating expenses | (50,328 | ) |  | (3,496 | ) |  | (53,824 | )
Real estate tax expenses | (43,247 | ) |  | (209 | ) |  | (43,456 | )
General and administrative expenses | (3,403 | ) |  | (2,875 | ) |  | (6,278 | )
Segment profit | $ | 206,432 |  |  | $ | 1,553 |  |  | 207,985 |
Corporate general and administrative expenses |  |  |  |  | (30,070 | )
Vesting of Class B units for asset management services |  |  |  |  | (24,037 | )
Termination of affiliate arrangements |  |  |  |  | (5,454 | )
Depreciation and amortization |  |  |  |  | (130,671 | )
Interest expense, net |  |  |  |  | (45,661 | )
Acquisition expenses |  |  |  |  | (530 | )
Transaction expenses |  |  |  |  | (15,713 | )
Other income, net |  |  |  |  | 2,433 |
Net loss |  |  |  |  | $ | (41,718 | )
Reconciliation of Assets from Segments to Total Assets | The table below summarizes the total assets and capital expenditures for each of our operating segments as of December 31, 2017 (in thousands):
| 2017
Assets: |
Owned Real Estate | $ | 3,388,080 |
Investment Management | 90,236 |
Total segment assets | 3,478,316 |
Reconciling items: |
Cash and cash equivalents | 5,716 |
Restricted cash | 21,729 |
Corporate headquarters and other assets | 20,321 |
Total assets | $ | 3,526,082 |
Capital Expenditures: |
Owned Real Estate | $ | 41,009 |
Investment Management | 1,137 |
Total capital expenditures | $ | 42,146 |

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 + Details
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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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