| Summary of Net Gains or Losses from Discontinued Operations |
The table below summarizes the Company's assets and liabilities related to discontinued operations reported in its consolidated balance sheets. | | | | | | | | | (in thousands) | December 31, 2017 | | December 31, 2016 | Assets | | | | Investments: | | | | Real estate investments: | | | | Land and improvements | $ | 990,575 |
| | $ | 978,556 |
| Buildings and improvements | 1,702,926 |
| | 1,629,555 |
| Total real estate investments | 2,693,501 |
| | 2,608,111 |
| Less: accumulated depreciation | (572,075 | ) | | (508,047 | ) | | 2,121,426 |
| | 2,100,064 |
| Loans receivable, net | 1,501 |
| | 5,698 |
| Intangible lease assets, net | 103,651 |
| | 114,558 |
| Real estate asset held for sale, net | 28,460 |
| | 59,709 |
| Net investments | 2,255,038 |
| | 2,280,029 |
| Cash and cash equivalents | 6 |
| | 4,145 |
| Deferred costs and other assets, net | 109,096 |
| | 54,736 |
| Goodwill | 28,740 |
| | 28,740 |
| Total assets of discontinued operations | $ | 2,392,880 |
| | $ | 2,367,650 |
| | | | | Liabilities | | | | Mortgages and notes payable, net | $ | 1,926,834 |
| | $ | 1,339,614 |
| Intangible lease liabilities, net | 24,729 |
| | 30,232 |
| Accounts payable, accrued expenses and other liabilities | 17,277 |
| | 12,239 |
| Total liabilities of discontinued operations | $ | 1,968,840 |
| | $ | 1,382,085 |
|
The table below provides information about income and expenses related to the Company's discontinued operations reported in its consolidated statements of operations. | | | | | | | | | | | | | | Year Ended December 31, | (in thousands) | 2017 | | 2016 | | 2015 | Revenues: | | | | | | Rentals | $ | 229,668 |
| | $ | 240,247 |
| | $ | 253,360 |
| Interest income on loans receivable | 445 |
| | 1,854 |
| | 3,301 |
| Tenant reimbursement income | 1,836 |
| | 2,238 |
| | 2,025 |
| Other income | 5,748 |
| | 6,295 |
| | 6,407 |
| Total revenues | 237,697 |
| | 250,634 |
| | 265,093 |
| Expenses: | | | | | | General and administrative | 4,552 |
| | 2,008 |
| | 2,071 |
| Transaction costs | 6,361 |
| | — |
| | — |
| Property costs (including reimbursable) | 10,644 |
| | 6,750 |
| | 6,658 |
| Real estate acquisition costs | (78 | ) | | 325 |
| | 393 |
| Interest | 76,733 |
| | 77,896 |
| | 83,718 |
| Depreciation and amortization | 82,333 |
| | 89,240 |
| | 94,155 |
| Impairments | 40,733 |
| | 26,880 |
| | 20,348 |
| Total expenses | 221,278 |
| | 203,099 |
| | 207,343 |
| Income from discontinued operations before other income and income tax expense | 16,419 |
| | 47,535 |
| | 57,750 |
| Other income: | | | | | | Loss on debt extinguishment | (2,224 | ) | | (1,372 | ) | | (787 | ) | Gain on disposition of assets | 22,408 |
| | 22,742 |
| | 69,072 |
| Total other income | 20,184 |
| | 21,370 |
| | 68,285 |
| Income from discontinued operations before income tax expense | 36,603 |
| | 68,905 |
| | 126,035 |
| Income tax benefit (expense) | 117 |
| | (97 | ) | | (122 | ) | Income from discontinued operations | $ | 36,720 |
| | $ | 68,808 |
| | $ | 125,913 |
|
The table below provides information about operating and investing cash flows related to the Company's discontinued operations reported in its consolidated statements of cash flows. | | | | | | | | | | | | | | Year Ended December 31, | (in thousands) | 2017 | | 2016 | | 2015 | Net cash provided by operating activities | $ | 143,939 |
| | $ | 160,279 |
| | $ | 172,654 |
| Net cash provided by investing activities | 135,880 |
| | 99,542 |
| | 262,393 |
|
|