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Real Estate Dispositions, Held for Sale and Impairment Charges (Tables) | 6 Months Ended
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Jun. 30, 2017
Real Estate [Abstract] |
Summary of Sold Properties | During the six months ended June 30, 2017, we sold three non-core properties located in Franklin, New Jersey, Hazelwood, Missouri, and Concord Township, Ohio, which are summarized below (dollars in thousands):
Aggregate Square Footage Sold |  | Aggregate Sales Price |  | Aggregate Sales Costs |  | Aggregate Impairment Charge for the Six Months Ended June 30, 2017 |  | Aggregate Gain on Sale of Real Estate, net
507,455 |  |  | $ | 25,802 |  |  | $ | 512 |  |  | $ | 1,308 |  |  | $ | 3,992 |
Components of Operating Income from Real Estate and Related Assets Disposed | The table below summarizes the components of operating income from the real estate and related assets disposed of during the three and six months ended June 30, 2017, and 2016 (dollars in thousands):
|  | For the three months ended June 30, |  | For the six months ended June 30,
|  | 2017 |  | 2016 |  | 2017 |  | 2016
Operating revenue |  | $ | 803 |  | (1) | $ | 645 |  |  | $ | 1,280 |  | (1) | $ | 1,290 |
Operating expense |  | 75 |  |  | 199 |  |  | 1,491 |  | (3) | 413 |
Other (expense) income, net |  | (1,914 | ) | (2) | (90 | ) |  | 3,830 |  | (4) | (218 | )
Income (loss) from real estate and related assets sold |  | $ | (1,186 | ) |  | $ | 356 |  |  | $ | 3,619 |  |  | $ | 659 |
(1) Includes $0.6 million lease termination revenue from canceling a lease obligation with a tenant that acquired one property from us during the three and six months ended June 30, 2017. This fee is recorded as rental revenue on the condensed consolidated statement of operations. (2) Includes $1.9 million loss on sale, net, from two non-core property sales. (3) Includes $1.3 million impairment charge. (4) Includes a $4.0 million gain on sale, net from our three non-core property sales.
Components of Income from Real Estate and Related Assets Held for Sale | The table below summarizes the components of income from real estate and related assets held for sale (dollars in thousands):
|  | For the three months ended June 30, |  | For the six months ended June 30, |
|  | 2017 |  | 2016 |  | 2017 |  | 2016 |
Operating revenue |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |
Operating expense |  | 345 |  | (1) | 109 |  |  | 2,924 |  | (3) | 251 |  |
Other income, net |  | — |  |  | 240 |  | (2) | — |  |  | 148 |  | (2)
(Loss) income from real estate and related assets held for sale |  | $ | (345 | ) |  | $ | 131 |  |  | $ | (2,924 | ) |  | $ | (103 | ) |
(1) Includes $0.3 million impairment charge. (2) Includes $0.3 million of legal settlement income. (3) Includes $2.7 million impairment charge.
Components of Assets and Liabilities Held for Sale | The table below summarizes the components of the assets and liabilities held for sale reflected on the accompanying condensed consolidated balance sheet (dollars in thousands):
| June 30, 2017 |  | December 31, 2016
Assets Held for Sale |  |  |
Real estate, at cost | $ | 6,622 |  |  | $ | 11,454 |
Less: accumulated depreciation | 2,414 |  |  | 2,668 |
Total real estate held for sale, net | 4,208 |  |  | 8,786 |
Lease intangibles, net | — |  |  | 200 |
Deferred rent receivable, net | — |  |  | 575 |
Other assets | — |  |  | 1 |
Total Assets Held for Sale | $ | 4,208 |  |  | $ | 9,562 |
Liabilities Held for Sale |  |  |
Deferred rent liability, net | $ | — |  |  | $ | 755 |
Asset retirement obligation | — |  |  | 286 |
Total Liabilities Held for Sale | $ | — |  |  | $ | 1,041 |

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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=84176398&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84176398&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 + Details
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