Quarterly report pursuant to Section 13 or 15(d)

Real Estate Dispositions, Held for Sale and Impairment Charges (Tables)

v3.19.2
Real Estate Dispositions, Held for Sale and Impairment Charges (Tables)
 6 Months Ended
Jun. 30, 2019
Real Estate [Abstract]  
Summary of Sold Properties
During the six months ended June 30, 2019, we sold one non-core property, located in Maitland, Florida, which is detailed in the table below (dollars in thousands):

Square Footage Sold
 
Sales Price
 
Sales Costs
 
Gain on Sale of Real Estate, net
50,000

 
$
6,850

 
$
532

 
$
2,952

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, 2019, and 2018 (dollars in thousands):

 
 
For the three months ended June 30,
 
For the six months ended June 30,
 
 
2019
 
2018
 
2019
 
2018
Operating revenue
 
$
—


$
245

 
$
245


$
495

Operating expense
 
—

 
273

 
785


540

Other income, net
 
—


(84
)
 
2,614

(1)
(167
)
(Expense) income from real estate and related assets sold
 
$
—

 
$
(112
)
 
$
2,074

 
$
(212
)

(1)
Includes a $3.0 million gain on sale of real estate, net on one property.

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 sheets (dollars in thousands):
 
 
December 31, 2018
Assets Held for Sale
 
Real estate, at cost
$
3,173

Less: accumulated depreciation
218

Total real estate held for sale, net
2,955

Lease intangibles, net
1,105

Deferred rent receivable, net
91

Total Assets Held for Sale
$
4,151