Annual report pursuant to Section 13 and 15(d)

Disposition of Properties and Properties Held for Sale (Tables)

v3.3.1.900
Disposition of Properties and Properties Held for Sale (Tables)
12 Months Ended
Dec. 31, 2015
Disposition of Properties and Properties Held for Sale [Abstract]  
Disclosure of Long Lived Assets Held-for-sale
The carrying values of the assets classified as rental property held for sale at December 31, 2014 totaled $46.0 million and were comprised of the following (in thousands):
 
 
2014
Rental property, net
 
$
43,532

Deferred lease costs and other intangibles, net
 
757

Prepaids and other assets
 
1,716

Rental property held for sale
 
$
46,005

The following table sets forth the properties sold for the years ended 2015 and 2014 (in thousands):
Properties
 
Locations
 
Date Sold
 
Square Feet
 
Net Sales Proceeds
 
Gain on Sale
2015 Dispositions:
 
 
 
 
 
 
 
 
 
 
Barstow
 
Barstow, CA
 
October 2015
 
171

 
$
105,793

 
$
86,506

Kittery I and II, Tuscola, and West Branch
 
Kittery, ME, Tuscola, IL, and West Branch, MI
 
September 2015
 
439

 
$
43,304

 
$
20,215

 
 
 
 
 
 
 
 
 
 
 
2014 Dispositions:
 
 
 
 
 
 
 
 
 
 
Lincoln City
 
Lincoln City, OR
 
December 2014
 
270

 
$
38,993

 
$
7,513