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Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2014
Business Combinations [Abstract] |
Business Combination, Separately Recognized Transactions | The fair value asset and liability allocations are preliminary and may be adjusted as final information becomes available.
Consideration paid: |
Cash and issuance of Series PR OP units | $ | 565,916 |
Debt assumed | 167,684 |
Total consideration paid | $ | 733,600 |
Net assets acquired: |
Land and building and improvements | $ | 356,206 |
Acquired below-market ground leases | 333,046 |
Acquired above-market leases | 13,048 |
Acquired in place lease value and deferred leasing costs | 88,080 |
Mortgage notes payable, inclusive of premium | (182,851 | )
Acquired below-market leases | (36,458 | )
Other liabilities, net of other assets | (5,155 | )
Total net assets acquired | $ | 565,916 |
Business Acquisition, Pro Forma Information | The unaudited pro forma information is provided for informational purposes only and is not indicative of results that would have occurred or which may occur in the future (amounts in thousands, expect per unit amounts):
| For the three months ended September 30, |  | For the nine months ended September 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
| The Company |  | The Predecessor |  | The Company |  | The Predecessor
Total revenues | $ | 173,036 |  |  | $ | 82,322 |  |  | $ | 508,507 |  |  | $ | 245,724 |
Net income (loss) | 24,915 |  |  | (1,082 | ) |  | 59,215 |  |  | 901 |
Net income per unit - basic and diluted | $ | 0.09 |  |  | $ | — |  |  | $ | 0.22 |  |  | $ | — |
The following table summarizes the revenues and earnings related to the two properties since the acquisition date that are included in our consolidated statements of income for the three and nine months ended September 30, 2014 (amounts in thousands):
| Three months ended September 30, 2014 |  | Nine months ended September 30, 2014
Total revenues | $ | 16,978 |  |  | $ | 16,978 |
Net loss attributable to common unitholders | (197 | ) |  | (197 | )

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 + Details
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