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Discontinued Operations and Disposition of Real Estate and Real Estate Investments (Tables)
 12 Months Ended
Dec. 31, 2013
Discontinued Operations And Disposal Groups [Abstract]  
Components of Condensed Balance Sheet Related to Assets Held for Sale

The balance sheet related to the assets held for sale and the operating results related to assets sold, designated as held for sale or deconsolidated as of December 31, 2013, are as follows (in thousands):

 

     December 31, 2013  

Land

    $ 3,597  

Buildings

      12,590  

Fixtures and tenant improvements

      263  
  

 

 

  
     16,450  

Less: Accumulated depreciation

      (3,780 ) 
  

 

 

  

Total assets held for sale

    $ 12,670  
  

 

 

  
Operating Results Related to Assets Sold, Designated as Held for Sale or Deconsolidated

 The operating results related to assets sold, designated as held for sale or deconsolidated as of December 31, 2013, are as follows (in thousands):

     For the Year Ended December 31,  
     2013     2012     2011  

Revenues

    $ 22,389     $ 48,184     $ 85,018  
  

 

 

    

 

 

    

 

 

  

Operating expenses

      6,780       14,310       31,443  

Impairment charges

      27,608       67,688       62,683  

Interest, net

      4,957       10,124       24,379  

Debt extinguishment costs, net

      —       45       7,191  

Depreciation and amortization

      6,053       12,622       25,074  
  

 

 

    

 

 

    

 

 

  
     45,398       104,789       150,770  
  

 

 

    

 

 

    

 

 

  

Loss from discontinued operations

      (23,009 )      (56,605 )      (65,752 ) 

Gain on deconsolidation of interest

      —       —       4,716  

Gain on disposition of real estate, net of tax

      11,274       3,847       40,163  
  

 

 

    

 

 

    

 

 

  

Loss from discontinued operations

    $ (11,735 )    $ (52,758 )    $ (20,873 ) 
  

 

 

    

 

 

    

 

 

  

Gains (Losses) on Disposition of Real Estate and Real Estate Investments

The Company recorded net gains on disposition of real estate and real estate investments as follows (in millions):

 

     For the Year Ended December 31  
         2013              2012              2011      

Land sales(A)

    $ 0.3      $ 5.6      $ (0.4 ) 

Previously deferred gains and other gains and losses on dispositions(B)

      0.2        0.3        7.5  
  

 

 

     

 

 

     

 

 

  
   $ 0.5      $ 5.9      $ 7.1  
  

 

 

     

 

 

     

 

 

  

(A) These dispositions did not meet the criteria for discontinued operations as the land did not have any significant operations prior to disposition.

 

(B) These gains are a result of partial asset sales that did not meet the criteria for discontinued operations and assets that were contributed to joint ventures in prior years.