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SEGMENT DISCLOSURE (Tables) | 3 Months Ended
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Mar. 31, 2020
Segment Reporting [Abstract] |
Segment Net Operating Income | The net operating income of our segments for the three months ended March 31, 2020 and 2019 is as follows:
|  | Three Months Ended March 31,
|  | 2020 |  | 2019
|  | (in thousands)
Office: |  |  |  |
Revenues |  | $ | 14,897 |  |  | $ | 33,445 |
Property expenses: |  |  |  |  |  |
Operating |  | 6,046 |  |  | 13,559 |
General and administrative |  | 98 |  |  | 154 |
Total property expenses |  | 6,144 |  |  | 13,713 |
Segment net operating income—office |  | 8,753 |  |  | 19,732 |
Hotel: |  |  |  |  |  |
Revenues |  | 8,253 |  |  | 10,589 |
Property expenses: |  |  |  |  |  |
Operating |  | 6,469 |  |  | 6,694 |
General and administrative |  | 13 |  |  | 14 |
Total property expenses |  | 6,482 |  |  | 6,708 |
Segment net operating income—hotel |  | 1,771 |  |  | 3,881 |
Lending: |  |  |  |
Revenues |  | 2,384 |  |  | 2,924 |
Lending expenses: |  |  |  |  |
Interest expense |  | 291 |  |  | 582 |
Fees to related party |  | 682 |  |  | 637 |
General and administrative |  | 400 |  |  | 503 |
Total lending expenses |  | 1,373 |  |  | 1,722 |
Segment net operating income—lending |  | 1,011 |  |  | 1,202 |
Total segment net operating income |  | $ | 11,535 |  |  | $ | 24,815 |
Reconciliation of Segment Net Operating Income to Net Income Attributable to the Company | A reconciliation of our segment net operating income to net income attributable to the Company for the three months ended March 31, 2020 and 2019 is as follows:
|  | Three Months Ended March 31,
|  | 2020 |  | 2019
|  | (in thousands)
Total segment net operating income |  | $ | 11,535 |  |  | $ | 24,815 |
Interest and other income |  | 1 |  |  | 319 |
Asset management and other fees to related parties |  | (3,457 | ) |  | (5,249 | )
Interest expense |  | (2,876 | ) |  | (3,463 | )
General and administrative |  | (1,223 | ) |  | (1,117 | )
Transaction costs |  | — |  |  | (44 | )
Depreciation and amortization |  | (5,258 | ) |  | (9,630 | )
Loss on early extinguishment of debt |  | — |  |  | (25,071 | )
Impairment of real estate |  | — |  |  | (66,200 | )
Gain on sale of real estate |  | — |  |  | 377,581 |
(Loss) income before provision for income taxes |  | (1,278 | ) |  | 291,941 |
Provision for income taxes |  | 22 |  |  | (318 | )
Net (loss) income |  | (1,256 | ) |  | 291,623 |
Net (income) loss attributable to noncontrolling interests |  | (4 | ) |  | 174 |
Net (loss) income attributable to the Company |  | $ | (1,260 | ) |  | $ | 291,797 |
Segment Condensed Assets | The condensed assets for each of the segments as of March 31, 2020 and December 31, 2019, along with capital expenditures and loan originations for the three months ended March 31, 2020 and 2019, are as follows:
|  | March 31, 2020 |  | December 31, 2019
|  | (in thousands)
Condensed assets: |  |  |  |  |  |
Office |  | $ | 468,599 |  |  | $ | 460,951 |
Hotel |  | 104,507 |  |  | 104,029 |
Lending |  | 79,197 |  |  | 82,140 |
Non-segment assets |  | 11,239 |  |  | 20,472 |
Total assets |  | $ | 663,542 |  |  | $ | 667,592 |
Segment Capital Expenditures |
|  | Three Months Ended March 31,
|  | 2020 |  | 2019
|  | (in thousands)
Capital expenditures (1): |  |  |  |  |  |
Office |  | $ | 4,534 |  |  | $ | 2,597 |
Hotel |  | 294 |  |  | 608 |
Total capital expenditures |  | 4,828 |  |  | 3,205 |
Loan originations |  | 11,844 |  |  | 3,404 |
Total capital expenditures and loan originations |  | $ | 16,672 |  |  | $ | 6,609 |
(1) | Represents additions and improvements to real estate investments, excluding acquisitions. Includes the activity for dispositions through their respective disposition dates.

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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