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Disposed Assets (Tables)
 9 Months Ended
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