Real Estate Dispositions, Held for Sale and Impairment Charges (Tables) |
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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):
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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):
(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.
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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):
(1) Includes $0.3 million impairment charge.
(2) Includes $0.3 million of legal settlement income.
(3) Includes $2.7 million impairment charge.
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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):
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