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Income Taxes Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2017
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The components of income tax expense for the years ended December 31, 2017, 2016, and 2015 are as follows:
| 2017 |  | 2016 |  | 2015
| Federal |  | State |  | Total |  | Federal |  | State |  | Total |  | Federal |  | State |  | Total
Current | $ | 781 |  |  | $ | 543 |  |  | $ | 1,324 |  |  | $ | 130 |  |  | $ | 71 |  |  | $ | 201 |  |  | $ | 1,244 |  |  | $ | 601 |  |  | $ | 1,845 |
Deferred | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Income tax provision from continuing operations | $ | 781 |  |  | $ | 543 |  |  | $ | 1,324 |  |  | $ | 130 |  |  | $ | 71 |  |  | $ | 201 |  |  | $ | 1,244 |  |  | $ | 601 |  |  | $ | 1,845 |
Income tax (benefit) provision from discontinued operations | $ | (3 | ) |  | $ | (5 | ) |  | $ | (8 | ) |  | $ | (1 | ) |  | $ | 268 |  |  | $ | 267 |  |  | $ | (1,114 | ) |  | $ | 2,058 |  |  | $ | 944 |
Schedule of Deferred Tax Assets and Liabilities | The components of the deferred tax assets and liabilities at December 31, 2017 and 2016 were as follows:
| 2017 |  | 2016
Net operating loss | $ | — |  |  | $ | — |
Deferred income | — |  |  | — |
Basis difference on investment in unconsolidated entities (a) (b) | 27,916 |  |  | 73,228 |
Depreciation expense | — |  |  | — |
Miscellaneous | — |  |  | — |
Total deferred tax assets | 27,916 |  |  | 73,228 |
Less: Valuation allowance | (27,916 | ) |  | (73,228 | )
Net deferred tax assets | — |  |  | — |
Deferred tax liabilities | $ | — |  |  | $ | — |
(a) | Primarily relates to the basis difference in land of a non-core land development held by DRV.
(b) | As a result of recent U.S. federal income tax reform, the Company has applied a corporate tax rate of 21% to determine deferred tax assets and liabilities at December 31, 2017.
Nature of Common Distributions Paid | A summary of the average taxable nature of the Company’s common distributions paid for each of the years in the three year period ended December 31, 2017 is as follows:
| For the year ended December 31,
| 2017 |  | 2016 |  | 2015
Ordinary income | $ | — |  |  | $ | 0.080 |  |  | $ | 0.240 |
Capital gain | — |  |  | 0.240 |  |  | — |
Return of capital | 0.069 |  |  | 0.150 |  |  | 2.690 |
Total distributions per share | $ | 0.069 |  |  | $ | 0.470 |  |  | $ | 2.930 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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