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Disposed Assets (Tables) | 9 Months Ended
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Sep. 30, 2017
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Disposal Groups, Not Discontinued Operations, Disposal Activity | The following multi-tenant retail assets were sold during the nine months ended September 30, 2017. The Company recognized a net gain on sale from these six assets of $7,253 and $21,634, respectively, for the three and nine months ended September 30, 2017.
Asset |  | Location |  | Disposition Date |  | Gross Disposition Price |  | Square Feet
Penn Park |  | Oklahoma City, OK |  | 1/10/2017 |  | $ | 29,050 |  |  | 242,000
Sparks Crossing |  | Sparks, NV |  | 5/19/2017 |  | 40,280 |  |  | 336,000
Lincoln Village |  | Chicago, IL |  | 6/23/2017 |  | 30,000 |  |  | 164,000
Pavilions at Hartman Heritage |  | Independence, MO |  | 7/31/2017 |  | 21,700 |  |  | 223,000
Legacy Crossing |  | Marion, OH |  | 7/31/2017 |  | 10,250 |  |  | 134,000
Heritage Plaza |  | Chicago, IL |  | 9/28/2017 |  | 21,350 |  |  | 132,000
|  |  |  |  |  | $ | 152,630 |  |  | 1,231,000
Disposal Groups, Including Discontinued Operations | The major classes of assets and liabilities of discontinued operations as of December 31, 2016 were as follows:
| December 31, 2016
Assets |
Land | $ | 9,564 |
Building and other improvements | 33,003 |
Total | 42,567 |
Less accumulated depreciation | (2,601 | )
Net investment properties | 39,966 |
Accounts and rents receivable (net of allowance of $49) | 1,566 |
Deferred costs and other assets | 903 |
Total assets | $ | 42,435 |
Liabilities |
Debt, net | $ | 59,942 |
Accounts payable and accrued expenses | 116 |
Other liabilities | 355 |
Total liabilities | $ | 60,413 |
The operations reflected in discontinued operations in the consolidated statements of operations and comprehensive income for the three and nine months ended September 30, 2017 include Worldgate Plaza, and for the three and nine months ended September 30, 2016, includes University House, the Highlands spin-off, and Worldgate Plaza.
| Three months ended September 30, |  | Nine months ended September 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
Total income | $ | 844 |  |  | $ | 2,786 |  |  | $ | 3,855 |  |  | $ | 90,389 |
Less: |  |  |  |  |  |  |
Depreciation and amortization expense | 301 |  |  | 617 |  |  | 1,205 |  |  | 32,231 |
Other expenses | 492 |  |  | 2,084 |  |  | 2,398 |  |  | 38,302 |
Provision for asset impairment | — |  |  | — |  |  | — |  |  | 106,514 |
Operating income (loss) from discontinued operations | 51 |  |  | 85 |  |  | 252 |  |  | (86,658 | )
Interest expense, income taxes, and other miscellaneous income | (443 | ) |  | (1,087 | ) |  | (1,993 | ) |  | (15,924 | )
Equity in earnings of unconsolidated entity | — |  |  | — |  |  | — |  |  | (19 | )
Gain on sale of investment in unconsolidated entity | — |  |  | — |  |  | — |  |  | 1,434 |
Gain on sale of properties, net | 10,115 |  |  | 10,494 |  |  | 10,115 |  |  | 235,780 |
Loss on extinguishment of debt | (2 | ) |  | (617 | ) |  | (2 | ) |  | (2,826 | )
Net income from discontinued operations | $ | 9,721 |  |  | $ | 8,875 |  |  | $ | 8,372 |  |  | $ | 131,787 |
Net income per common share, from discontinued operations, basic and diluted | $ | 0.01 |  |  | $ | 0.01 |  |  | $ | 0.01 |  |  | $ | 0.15 |
Weighted average number of common shares outstanding, basic and diluted | 773,517,492 |  |  | 862,212,317 |  |  | 773,405,710 |  |  | 862,207,903 |

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