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Discontinued Operations (Tables) | 9 Months Ended
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Sep. 30, 2018
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued operations results of operations |
|  | THREE MONTHS ENDED |  | NINE MONTHS ENDED
|  | SEPTEMBER 30, |  | SEPTEMBER 30,
|  | 2018 |  | 2017 |  | 2018 |  | 2017
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental revenue |  | $ | 190 |  |  |  | 5,636 |  |  |  | 9,602 |  |  |  | 16,634 |
Revenue – reimbursements |  |  | 29 |  |  |  | 1,383 |  |  |  | 2,274 |  |  |  | 3,713 |
Total Revenues |  |  | 219 |  |  |  | 7,019 |  |  |  | 11,876 |  |  |  | 20,347 |
Cost of operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation, depletion and amortization |  |  | 29 |  |  |  | 1,965 |  |  |  | 3,131 |  |  |  | 5,727 |
Operating expenses |  |  | 52 |  |  |  | 1,004 |  |  |  | 1,694 |  |  |  | 2,570 |
Property taxes |  |  | 19 |  |  |  | 754 |  |  |  | 1,266 |  |  |  | 2,208 |
Management company indirect |  |  | 370 |  |  |  | 209 |  |  |  | 1,360 |  |  |  | 542 |
Corporate expenses |  |  | 56 |  |  |  | — |  |  |  | 1,458 |  |  |  | — |
Total cost of operations |  |  | 526 |  |  |  | 3,932 |  |  |  | 8,909 |  |  |  | 11,047 |
Total operating profit (loss) |  |  | (307 | ) |  |  | 3,087 |  |  |  | 2,967 |  |  |  | 9,300 |
Interest expense |  |  | — |  |  |  | (468 | ) |  |  | (587 | ) |  |  | (1,087 | )
Gain on sale of buildings |  |  | 200 |  |  |  | — |  |  |  | 165,007 |  |  |  | — |
Income (loss) before income taxes |  |  | (107 | ) |  |  | 2,619 |  |  |  | 167,387 |  |  |  | 8,213 |
Provision for (benefit from) income taxes |  |  | (29 | ) |  |  | 1,034 |  |  |  | 45,278 |  |  |  | 3,244 |
Income (loss) from discontinued operations |  | $ | (78 | ) |  |  | 1,585 |  |  |  | 122,109 |  |  |  | 4,969 |
Discontinued operations balance sheet components |
|  | September 30 |  | December 31 |
Assets: |  | 2018 |  | 2017 |
Real estate investments at cost: |  |  |  |  |  |  |  |
Land |  | $ | 546 |  |  |  | 40,465 |
Buildings and improvements |  |  | 3,315 |  |  |  | 186,657 |
Projects under construction |  |  | — |  |  |  | 6,617 |
Total investments in properties |  |  | 3,861 |  |  |  | 233,739 |
Less accumulated depreciation and depletion |  |  | 2,353 |  |  |  | 68,049 |
Net investments in properties |  |  | 1,508 |  |  |  | 165,690 |
Accounts receivable, net |  |  | 1,020 |  |  |  | 405 |
Unrealized rents |  |  | 284 |  |  |  | 4,088 |
Deferred costs |  |  | 382 |  |  |  | 6,509 |
Other assets |  |  | — |  |  |  | 2 |
Assets of discontinued operations |  | $ | 3,194 |  |  |  | 176,694 |
Liabilities: |  |  |  |  |  |  |  |
Secured notes payable, current portion |  | $ | — |  |  |  | 23,825 |
Secured notes payable, less current portion |  |  | — |  |  |  | 4,338 |
Accounts payable and accrued liabilities |  |  | 249 |  |  |  | 2,289 |
Deferred revenue |  |  | 59 |  |  |  | 967 |
Federal and state income taxes payable |  |  | 1,527 |  |  |  | — |
Tenant security deposits |  |  | 37 |  |  |  | 861 |
Liabilities of discontinued operations |  | $ | 1,872 |  |  |  | 32,280 |

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