InvenTrust Properties (IVT) 10-Q 10 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 02, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	InvenTrust Properties Corp.
Entity Central Index Key	1,307,748
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		862,205,672
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Investment properties:
Land	$ 747,478	$ 774,040
Building and other improvements	3,207,275	3,285,698
Construction in progress	100,038	72,122
Total	4,054,791	4,131,860
Less accumulated depreciation	(677,321)	(663,865)
Net investment properties	3,377,470	3,467,995
Cash and cash equivalents	435,652	203,285
Restricted cash and escrows	19,418	16,499
Investment in marketable securities	181,138	177,431
Investment in unconsolidated entities	177,837	182,511
Intangible Assets, Net (Including Goodwill)	62,242	71,131
Accounts and rents receivable (net of allowance of $2,200 and $2,418)	39,578	44,653
Other Assets	48,406	38,300
Assets of discontinued operations	2,235	3,118
Total assets	4,343,976	4,204,923
Liabilities
Debt	2,022,416	1,870,157
Accounts payable and accrued expenses	79,333	92,447
Distributions payable	28,022	28,013
Intangible liabilities, net	40,631	42,688
Other liabilities	26,334	22,858
Liabilities of discontinued operations	0	57
Total liabilities	$ 2,196,736	$ 2,056,220
Commitments and contingencies
Stockholders’ Equity
Preferred stock, $.001 par value, 40,000,000 shares authorized, none outstanding	$ 0	$ 0
Common stock, $.001 par value, 1,460,000,000 shares authorized, 862,205,672 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	862	862
Additional paid in capital	6,066,846	6,066,583
Accumulated distributions in excess of net loss	(3,958,647)	(3,956,032)
Accumulated other comprehensive income	38,179	37,290
Total Company stockholders’ equity	2,147,240	2,148,703
Total equity	2,147,240	2,148,703
Total liabilities and equity	$ 4,343,976	$ 4,204,923

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Accounts and rents receivable, allowance	$ 3,772	$ 5,658
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	40,000,000	40,000,000
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	1,460,000,000	1,460,000,000
Common stock, shares issued	862,205,672	862,205,672
Common stock, shares outstanding	862,205,672	862,205,672

Consolidated Statements of Oper

Consolidated Statements of Operations and Other Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016		Mar. 31, 2015
Income
Rental income	$ 95,348		$ 89,660
Tenant recovery income	15,881		17,916
Other property income	3,060		2,093
Total income	114,289		109,669
Expenses
General and administrative expenses	17,283		22,984
Property operating expenses	17,310		17,819
Real estate taxes	13,403		12,569
Depreciation and amortization	38,515		36,988
Provision for asset impairment	8,390	[1]	0
Total expenses	94,901		90,360
Operating income	19,388		19,309
Interest and dividend income	2,704		3,291
Gain (loss) on sale of properties	24,026		728
Gain (loss) on extinguishment of debt	(948)		(1,355)
Other income	1,323		911
Interest expense	(24,062)		(23,047)
Equity in earnings of unconsolidated entities	1,276		1,973
Equity Method Investment, Realized Gain (Loss) on Disposal	1,434		0
Realized gain on sale of marketable securities, net	555		2,711
Income before income taxes	25,696		4,521
Income tax expense	(288)		(929)
Net income from continuing operations	25,408		3,592
Net income from discontinued operations	0		2,241	[2]
Net income	25,408		5,833
Less: Net income attributable to noncontrolling interests	0		(8)
Net income attributable to Company	$ 25,408		$ 5,825
Net income per common share, from continuing operations, basic	$ 0.03		$ 0
Net income per common share, from discontinued operations, basic	0		0
Net income per common share, basic	$ 0.03		$ 0
Weighted average number of common shares outstanding, basic	862,205,672		861,824,777
Net income per common share, from continuing operations, diluted	$ 0.03		$ 0
Net income per common share, from discontinued operations, diluted	0		0
Net income per common share, diluted	$ 0.03		$ 0
Weighted average number of common shares outstanding, diluted	862,291,672		861,824,777
Comprehensive income:
Unrealized gain on investment securities	$ 5,212		$ 51,204
Unrealized loss on derivatives	(4,321)		(360)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax	(2)		(2,974)
Comprehensive income attributable to the Company	$ 26,297		$ 53,695
[1]	Total provision for asset impairment included $8,390 related to two retail assets.
[2]	Net income from discontinued operations primarily relates to the lodging properties included in the Xenia spin-off.

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Distributions in excess of Net Loss	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests
Balance, value at Dec. 31, 2014	$ 3,996,829	$ 861	$ 7,755,471	$ (3,820,882)	$ 57,599	$ 3,780
Balance, shares at Dec. 31, 2014		861,824,777
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income Loss Attributable To Company Inclusive Of Noncontrolling Interest Excluding Noncontrolling Redeemable Interests	5,833			5,825		8
Unrealized gain on investment securities	51,204				51,204
Unrealized (gain) loss on derivatives	(360)				(360)
Reclassification adjustment from AOCI on derivatives and securities	(2,974)				(2,974)
Distributions declared	(54,585)			(54,585)
Noncontrolling Interest, Increase from Subsidiary Equity Issuance						160
Balance, value at Mar. 31, 2015	2,301,873	$ 861	6,065,060	(3,869,642)	105,469	125
Balance, shares at Mar. 31, 2015		861,824,777
Balance, value at Dec. 31, 2015	2,148,703	$ 862	6,066,583	(3,956,032)	37,290
Balance, shares at Dec. 31, 2015		862,205,672
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income Loss Attributable To Company Inclusive Of Noncontrolling Interest Excluding Noncontrolling Redeemable Interests	25,408			25,408
Unrealized gain on investment securities	5,212				5,212
Unrealized (gain) loss on derivatives	(4,321)				(4,321)
Reclassification adjustment from AOCI on derivatives and securities	(2)				(2)
Distributions declared	(28,023)			(28,023)
Share-based compensation expense, net of forfeitures	263		263
Stockholders' Equity Note, Spinoff Transaction	(1,694,234)		(1,690,411)			$ (3,823)
Balance, value at Mar. 31, 2016	$ 2,147,240	$ 862	$ 6,066,846	$ (3,958,647)	$ 38,179
Balance, shares at Mar. 31, 2016		862,205,672

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net income	$ 25,408	$ 5,833
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	38,515	48,922
Amortization of above and below market leases, net	(553)	(90)
Amortization of debt premiums, discounts and financing costs	1,931	2,207
Straight-line rental income	768	63
Provision for asset impairment	8,390	0
Gain (loss) on sale of property, net	24,026	728
(Gain) Loss on Extinguishment of Debt, Continuing and Discontinued Operations, Cash Flow Disclosure	948	1,355
Equity in earnings of unconsolidated entities	(1,276)	(1,973)
Distributions from unconsolidated entities	729	2,125
Gain on sale of investment in unconsolidated entities	(1,434)	0
Realized gain on sale of marketable securities	(555)	(2,711)
Share-based Compensation	422	0
Changes in assets and liabilities:
Accounts and rents receivable	3,221	(6,294)
Deferred costs and other assets	(206)	4,606
Accounts payable and accrued expenses	(13,988)	(18,376)
Other (liabilities) assets	(1,330)	5,751
Increase (Decrease) in prepayment penalties and defeasance fees	(823)	0
Net cash flows provided by operating activities	36,141	40,690
Cash flows from investing activities:
Capital expenditures and tenant improvements	(1,091)	(15,336)
Investment in development projects	(29,003)	(34,624)
Proceeds from sale of investment properties, net	107,587	1,454
Proceeds from sale of marketable securities	1,506	2,875
Proceeds and Return of Capital From The Sale Of Unconsolidated Entities	5,480	0
Payments to Acquire Equity Method Investments	(1,350)	0
Distributions from unconsolidated entities	2,562	3,549
Payment of leasing fees	(595)	(507)
Increase (Decrease) in Restricted Cash	(808)	808
Payments for (Proceeds from) Productive Assets	(10,481)	1,064
Net cash flows provided by (used in) investing activities	73,807	(40,717)
Cash flows from financing activities:
Distributions paid	(28,013)	(81,155)
Proceeds from debt and notes payable	215,960	49,961
Payoffs of debt	(58,315)	(200,000)
Principal payments of mortgage debt	(7,193)	(6,683)
Payment of loan fees and deposits	(20)	(1,659)
Proceeds from Noncontrolling Interests	0	160
Contribution to Xenia at Spin-Off	0	(165,884)
Cash from property operations contributed to Xenia	0	(130,080)
Net cash flows provided by (used in) financing activities	122,419	(535,340)
Cash and Cash Equivalents, Period Increase (Decrease)	232,367	(535,367)
Cash and Cash Equivalents, at Carrying Value, Including Discontinued Operations	203,285	733,150
Cash and cash equivalents, at end of period	$ 435,652	$ 197,783

Consolidated Statements of Cas7

Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash paid for interest, net capitalized interest of $623 and $2,111	$ 22,407	$ 26,804
Capitalized interest	623	2,111
Net assets distributed to Xenia Hotels & Resorts, Inc. (net of cash contributed)	$ 0	$ 1,484,872

Organization

Organization	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization The Company was incorporated as Inland American Real Estate Trust, Inc. in October 2004 as a Maryland corporation and has elected to be taxed, and currently qualifies, as a real estate investment trust ("REIT") for federal tax purposes. The Company changed its name to InvenTrust Properties Corp. in April 2015. The Company was formed to own, manage, acquire and develop a diversified portfolio of commercial real estate located throughout the United States and to own properties in development and partially own properties through joint ventures, as well as investments in marketable securities and other assets. As of March 31, 2016 , the Company's portfolio comprises 124 properties, excluding development properties, representing 14.6 million square feet of retail space, 11,035 student housing beds and 5.7 million square feet of non-core space. On February 3, 2015, the Company completed the spin-off of its lodging subsidiary, Xenia Hotels & Resorts, Inc. ("Xenia"), through a taxable pro-rata distribution by the Company of 95% of the outstanding common stock of Xenia to holders of record of the Company’s common stock as of the close of business on the record date, which was January 20, 2015 (referred to herein as the "Xenia spin-off"). Each holder of record of the Company’s common stock received one share of Xenia’s common stock for every eight shares of the Company’s common stock held at the close of business on the record date. In lieu of fractional shares, stockholders of the Company received cash. On February 4, 2015, Xenia's common stock began trading on the New York Stock Exchange ("NYSE") under the ticker symbol "XHR". Following the Xenia spin-off, the Company no longer has a lodging segment. Therefore, the 46 lodging assets included in the Xenia spin-off have been classified as discontinued operations because the Xenia spin-off represents a strategic shift that has had a major effect on the Company's operations and financial results. The assets and liabilities of these 46 lodging assets are classified as assets and liabilities of discontinued operations on the consolidated balance sheet at March 31, 2016 and December 31, 2015 . The operations of these 46 lodging assets have been classified as income from discontinued operations on the consolidated statement of operations and comprehensive income for the three months ended March 31, 2016 and 2015 . The accompanying consolidated financial statements include the accounts of the Company, as well as all wholly-owned subsidiaries and consolidated joint venture investments. Wholly-owned subsidiaries generally consist of limited liability companies (LLCs) and limited partnerships (LPs). The effects of all significant intercompany transactions have been eliminated. Each property is owned by a separate legal entity which maintains its own books and financial records and each entity's assets are not available to satisfy the liabilities of other affiliated entities, except as otherwise disclosed in "Note 8. Debt". The Company owned 124 assets at March 31, 2016 , 129 assets at December 31, 2015 , and 142 assets at March 31, 2015 . The breakdown, by segment, of the 124 owned assets at March 31, 2016 is as follows: Segment Property Count Square Feet / Beds Retail 92 14,597,294 Square feet Student Housing 18 11,035 Beds Non-core 14 5,730,177 Square feet On January 4, 2016, the Company announced that it had entered into a definitive purchase agreement with UHC Acquisition Sub LLC, a subsidiary of a joint venture formed between Canada Pension Plan Investment Board, GIC and Scion Communities Investors LLC, under which the joint venture’s subsidiary will acquire the Company's student housing platform. The agreement’s gross all-cash value is approximately $1.4 billion , with final net proceeds to be determined at closing. The transactions contemplated by the agreement are expected to close by the end of the second quarter of 2016. In accordance with the Company's held for sale accounting policy, as the Company has not received a significant non-refundable deposit, the Company determined that the underlying assets in this transaction are not considered as held for sale on the consolidated balance sheet at March 31, 2016. On April 28, 2016, the Company completed the spin-off of its subsidiary, Highlands REIT, Inc. ("Highlands"), which the Company formed to hold substantially all of its remaining non-core assets, through the pro rata taxable distribution of 100% of the outstanding common stock of Highlands to holders of record of Company common stock as of the close of business on the record date, which was April 25, 2016 (referred to herein as the "Highlands spin-off"). See "Note 14: Subsequent Events" for further discussion.

Summary of Significant Accounti

Summary of Significant Accounting Policies - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies The accompanying consolidated financial statements have been prepared in accordance with GAAP and require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Refer to the Company's audited financial statements for the year ended December 31, 2015, as certain note disclosures contained in such audited financial statements have been omitted from these interim consolidated financial statements. Reclassifications Certain reclassifications have been made to the statement of operations and comprehensive income for the three months ended March 31, 2015 to conform to the 2016 presentations. These reclassifications primarily represent the classification of salaries and benefits of corporate-level employees and overhead costs from property operating expenses to general and administrative expenses for the three months ended March 31, 2015 of $2,401 , and the classification of specialty leasing income from rental income to other property income for the three months ended March 31, 2015 of $148 . Recently Adopted Accounting Pronouncements In February 2015, the FASB issued ASU 2015-02, Consolidation . This update includes amendments that change the requirements for evaluating limited partnerships and similar entities for consolidation. Under the new guidance, limited partnerships and similar entities will be considered variable interest entities ("VIEs") unless a scope exception applies. As such, entities that consolidate limited partnerships and similar entities that are considered to be VIEs will be subject to VIE primary beneficiary disclosure requirements, and entities that do not consolidate a VIE will be subject to the disclosure requirements that apply to variable interest holders other than the primary beneficiary. The new guidance also eliminates three of the six criteria for determining if fees paid to a decision maker or service provider are considered to be variable interest in a VIE and changes the criteria used to determine if variable interests in a VIE held by related parties of a reporting entity require the reporting entity to consolidate the VIE. This standard is effective for financial statements issued by public companies for annual and interim reporting periods beginning after December 15, 2015. The adoption did not have a significant impact on the consolidated financial statements or disclosure requirements. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs , which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected. Subsequently, in August 2015, the FASB issued ASU 2015-15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements , which allows an entity to present the costs related to securing a line-of-credit arrangement as an asset, regardless of whether there are any outstanding borrowings. The Company adopted ASU 2015-03 and 2015-15 effective as of January 1, 2016 with retrospective application to the December 31, 2015 consolidated balance sheet. The effect of the adoption of ASU 2015-03 and 2015-15 was to reclassify debt issuance costs of approximately $8,496 as of December 31, 2015 from deferred costs and other assets in the consolidated balance sheet to a contra account as a deduction from debt in the consolidated balance sheet. There was no effect on the consolidated statements of operations. In September 2015, the FASB issued ASU 2015-16, Simplifying the Accounting for Measurement-Period Adjustments, which requires that if the initial accounting for a business combination is incomplete as of the end of the reporting period in which the acquisition occurs, the acquirer records provisional amounts based on information available at the acquisition date. This guidance is effective for the Company beginning January 1, 2016. The adoption did not have a significant impact on the consolidated financial statements. Recently Issued Accounting Pronouncements In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers , which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in GAAP when it becomes effective, although it will not affect the accounting for rental related revenues. ASU No. 2014-09, as issued, was to be effective for financial statements issued for fiscal years and interim periods beginning after December 31, 2016. In April 2015, the FASB approved an amendment to the ASU, deferring the effective date one year to annual reporting periods beginning after December 15, 2017 for public entities. The standard permits the use of either the retrospective or cumulative effect transition method. Early adoption is prohibited. The Company is evaluating the effect that ASU No. 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting. In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities , which revises an entity’s accounting related to: (i) the classification and measurement of investments in equity securities; (ii) the presentation of certain fair value changes for financial liabilities measured at fair value; and (iii) amends certain disclosure requirements associated with the fair value of financial instruments, including eliminating the requirement for public business entities to disclose the method and significant assumptions used to estimate the fair value for financial instruments measured at amortized cost. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. The Company is continuing to evaluate this guidance; however, the Company does not expect its adoption to have a significant impact on the consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases , amending the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU 2016-02 will be effective for annual reporting periods beginning after December 15, 2018, and early adoption is permitted as of the standard’s issuance date. The new standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company is assessing whether the new standard will have a material effect on its financial position or results of operations.
Specialty Leasing Income	$ 148,000
Debt Issuance Cost	$ 7,956,000	$ 8,496,000

Acquired Properties

Acquired Properties	3 Months Ended
	Mar. 31, 2016
Business Combinations [Abstract]
Acquired Properties	Acquired Properties The Company records identifiable assets, liabilities, noncontrolling interests and goodwill acquired in a business combination at fair value. The Company had no acquisitions during the three months ended March 31, 2016 and 2015. Subsequent to March 31, 2016, the Company acquired the following three retail assets: • Shops at the Galleria in Austin, Texas was acquired on April 1, 2016. This retail power center consists of approximately 538,000 square feet and was purchased at a gross acquisition price of $132,000 ; • Renaissance Center in Durham, North Carolina was acquired on April 1, 2016. This retail power center consists of approximately 363,000 square feet and was purchased at a gross acquisition price of $129,200 ; • Stevenson Ranch Plaza in Stevenson Ranch, California was acquired on April 15, 2016. This retail community center consists of approximately 187,000 square feet and was purchased at a gross acquisition price of $72,500 . The Company has not completed an allocation of the estimated fair value of the assets acquired and liabilities assumed for these three assets acquired subsequent to March 31, 2016. The Company expects the gross acquisition price of these assets to be primarily allocated to land, building, furniture, fixtures and equipment, and acquired lease intangible assets.

Disposed Properties

Disposed Properties	3 Months Ended
	Mar. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Disposed Properties The Company sold five assets during the three months ended March 31, 2016 for an aggregate gross disposition price of $111,300 . The Company sold no operating properties and one land parcel during the three months ended March 31, 2015 for an aggregate gross disposition price of $1,410 . For the three months ended March 31, 2016 and 2015 , the Company had generated net proceeds from the sale of properties of $107,587 and $1,454 , respectively. The following properties were sold during the three months ended March 31, 2016 . These properties have been included in continuing operations on the consolidated statement of operations and comprehensive income for the three months ended March 31, 2016 . Segment Property Date Gross Disposition Price Square Feet Retail Cypress Town Center 1/7/2016 $ 7,300 55,000 Square Feet Retail James Center 1/13/2016 31,400 140,240 Square Feet Retail Streets of Indian Lake 3/11/2016 37,000 254,101 Square Feet Retail Lord Salisbury Center 3/11/2016 20,800 113,821 Square Feet Retail Fabyan Randall 3/25/2016 14,800 91,415 Square Feet Total $ 111,300 For the three months ended March 31, 2016 and 2015 , the Company recorded a gain on sale of investment properties of $24,026 and $728 , respectively, in continuing operations. In line with the Company's adoption of the accounting standard governing discontinued operations during the year ended December 31, 2014, only disposals representing a strategic shift that have (or will have) a major effect on results and operations would qualify as discontinued operations. On February 3, 2015, the Company completed the spin-off of its lodging subsidiary, Xenia Hotels & Resorts, Inc. The 46 assets included in the Xenia spin-off have been classified as discontinued operations because the Xenia spin-off represents a strategic shift that has had a major effect on the Company's operations and financial results. The assets and liabilities of these 46 assets are classified as assets and liabilities of discontinued operations on the consolidated balance sheet at March 31, 2016 and December 31, 2015 . The operations of these 46 assets have been classified as income from discontinued operations on the consolidated statement of operations and comprehensive income for the three months ended March 31, 2015 . The major classes of assets and liabilities of discontinued operations as of March 31, 2016 and December 31, 2015 were as follows: As of March 31, 2016 December 31, 2015 Assets Deferred costs and other assets (a) $ 2,235 $ 3,118 Total assets $ 2,235 $ 3,118 Liabilities Other liabilities (b) $ — $ 57 Total liabilities $ — $ 57 (a) Deferred costs and other assets at March 31, 2016 and December 31, 2015 primarily include receivables from Xenia related to taxes. (b) Other liabilities at December 31, 2015 include tax liabilities related to hotel properties payable by the Company. For the three months ended March 31, 2016 , there were no dispositions that qualified as discontinued operations. For the three months ended March 31, 2015 , the operations reflected in discontinued operations, shown in the table below, reflect the operations of the 46 lodging properties associated with the Xenia spin-off. All other property disposals are now included as a component of income from continuing operations, consistent with the Company's adoption of ASU No. 2014-08. Three Months Ended March 31, 2016 2015 Revenues $ — $ 68,682 Depreciation and amortization expense — 11,934 Other expenses — 55,460 Operating income from discontinued operations $ — $ 1,288 Interest expense, income taxes, and other miscellaneous income — 953 Gain on sale of properties, net — — Loss on extinguishment of debt — — Net income from discontinued operations $ — $ 2,241 Net cash used in operating activities from the properties classified as discontinued operations was $27 and $4,010 for the three months ended March 31, 2016 and 2015, respectively. Net cash used in investing activities from the properties classified as discontinued operations was $883 and $14,877 for the three months ended March 31, 2016 and 2015, respectively.

Investment in Partially Owned E

Investment in Partially Owned Entities	3 Months Ended
	Mar. 31, 2016
Investment in Partially Owned Entities [Abstract]
Investment in Partially Owned Entities	Investment in Partially Owned Entities Unconsolidated Entities The entities listed below are owned by the Company and other unaffiliated parties in joint ventures. Net income, distributions and capital transactions for these properties are allocated to the Company and its joint venture partners in accordance with the respective partnership agreements. Refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 for details of each unconsolidated entity. These entities are not consolidated by the Company and the equity method of accounting is used to account for these investments. Under the equity method of accounting, the net equity investment of the Company and the Company’s share of net income or loss from the unconsolidated entity are reflected in the consolidated balance sheets and the consolidated statements of operations and comprehensive income. Carrying Value of Investment at Entity Description Ownership % March 31, 2016 December 31, 2015 IAGM Retail Fund I, LLC Retail shopping centers 55% $ 129,206 $ 131,362 Downtown Railyard Venture, LLC Land development (a) 46,464 45,081 15th & Walnut Owner, LLC (b) Student housing 62% — 4,195 Other unconsolidated entities Various real estate investments Various 2,167 1,873 $ 177,837 $ 182,511 (a) The Company's ownership percentage in Downtown Railyard Venture, LLC is based upon a waterfall calculation outlined in the joint venture operating agreement. (b) On February 4, 2013, the Company entered into a joint venture agreement with Gerding Edlen Investors, LLC ("GE") in order to develop, construct and manage a student housing community on the campus of the University of Oregon in Eugene, Oregon, which was completed later in 2013 and is now fully operational. The joint venture is known as 15th & Walnut Owner, LLC ("Eugene"). On February 25, 2016, GE purchased the Company's partnership interest in the joint venture. A gain on the sale of the joint venture of $1,434 was recorded for the three months ended March 31, 2016 and is reflected in the consolidated statements of operations and comprehensive income. During the three months ended March 31, 2016 and 2015, the Company recorded no impairment on its unconsolidated entities. Combined Financial Information The following tables present the combined condensed financial information for the Company’s investment in unconsolidated entities. As of March 31, 2016 December 31, 2015 Assets: Real estate assets, net of accumulated depreciation $ 639,714 $ 663,249 Other assets 93,128 99,895 Total assets $ 732,842 $ 763,144 Liabilities and equity: Mortgage debt 313,358 325,822 Other liabilities 72,825 79,642 Equity 346,659 357,680 Total liabilities and equity $ 732,842 $ 763,144 Company’s share of equity $ 191,716 $ 196,506 Net excess of the net book value of underlying assets over the cost of investments (net of accumulated amortization of $1,500 and $1,085, respectively) (13,879 ) (13,995 ) Carrying value of investments in unconsolidated entities $ 177,837 $ 182,511 Three Months Ended March 31, 2016 2015 Revenues $ 17,593 $ 19,644 Expenses: Interest expense and loan cost amortization 5,918 4,147 Depreciation and amortization 6,428 5,634 Operating expenses, ground rent and general and administrative expenses 3,785 5,828 Total expenses 16,131 15,609 Net income $ 1,462 $ 4,035 Company's share of net income (loss), net of excess basis depreciation of $130 and $130, respectively $ 1,000 $ 1,973 Distributions from unconsolidated entities in equity in earnings in excess of the investments' carrying value 276 — Equity in earnings of unconsolidated entities $ 1,276 $ 1,973 Equity in earnings of unconsolidated entities on the consolidated statement of operations and comprehensive income of $1,276 for the three months ended March 31, 2016 include nonrecurring distributions that are in excess of the investments' carrying value by $276 for the three months ended March 31, 2016 . The unconsolidated entities had total third party debt of $313,358 at March 31, 2016 that matures as follows: Year Amount 2016 $ 19,668 2017 — 2018 203,782 2019 16,245 2020 — Thereafter 73,663 $ 313,358 Of the total outstanding debt related to assets held by the Company's unconsolidated joint ventures, approximately $23,000 is recourse to the Company and $1,000 is recourse to the IAGM joint venture. It is anticipated that the joint ventures will be able to repay or refinance all of their debt on a timely basis.

Investment in Marketable Securi

Investment in Marketable Securities	3 Months Ended
	Mar. 31, 2016
Investments, All Other Investments [Abstract]
Investment in Marketable Securities	Investment in Marketable Securities Investment in marketable securities of $181,138 and $177,431 at March 31, 2016 and December 31, 2015 , respectively, consists primarily of preferred and common stock investments in other REITs and certain real estate related bonds which are classified as available-for-sale securities and recorded at fair value. The cost basis net of impairments of available-for-sale securities was $137,367 and $138,318 as of March 31, 2016 and December 31, 2015 , respectively. The Company's investment in marketable securities includes an approximately 5% ownership of the outstanding common stock of Xenia. The Company held an investment in Xenia securities reported at its fair value of $88,564 and $86,919 as of March 31, 2016 and December 31, 2015 , respectively. The cost basis of the Xenia securities held by the Company was $80,748 as of March 31, 2016 and December 31, 2015 , which is equal to 5% of the net equity, at historical cost basis, contributed to Xenia at the time of the Xenia spin-off. Unrealized holding gains and losses on available-for-sale securities are excluded from earnings and reported as a separate component of comprehensive income until realized. The Company has net accumulated other comprehensive income related to its marketable securities portfolio of $43,771 and $39,113 , which includes gross unrealized losses of $1,647 and $2,242 related to its marketable securities as of March 31, 2016 and December 31, 2015 , respectively. Securities with gross unrealized losses have a related fair value of $6,477 and $10,712 as of March 31, 2016 and December 31, 2015 , respectively. The unrealized gain on the Xenia securities held by the Company was $7,816 and $6,171 as of March 31, 2016 and December 31, 2015 , respectively. The Company’s policy for assessing recoverability of its available-for-sale securities is to record a charge against net earnings when the Company determines that a decline in the fair value of a security drops below the cost basis and believes that decline to be other-than-temporary. Factors in the assessment of other-than-temporary impairment include determining whether (1) the Company has the ability and intent to hold the security until it recovers, and (2) the length of time and degree to which the security’s price has declined. No impairment to available-for-sale securities was recorded for the three months ended March 31, 2016 and 2015. During the three months ended March 31, 2016 and 2015 , dividend income of $2,655 and $2,899 , respectively, was recognized and is included in interest and dividend income on the consolidated statements of operations and comprehensive income.

Debt

Debt	3 Months Ended
	Mar. 31, 2016
Notes and Loans Payable [Abstract]
Debt	Debt Mortgages Payable Mortgage loans outstanding as of March 31, 2016 and December 31, 2015 were $1,724,672 and $1,774,221 , respectively, and had a weighted average interest rate of 4.93% and 4.94% per annum, respectively. Mortgage premium and discount, net, was a discount of $4,300 and $5,568 as of March 31, 2016 and December 31, 2015 , respectively. Debt issuance costs, which are presented as a deduction from the related debt liabilities, were $7,956 and $8,496 as of March 31, 2016 and December 31, 2015 , respectively. As of March 31, 2016 , scheduled maturities for the Company’s outstanding mortgage indebtedness had various due dates through August 2037, as follows: Maturity Date As of March 31, 2016 Weighted average interest rate 2016 $ 243,815 4.79% 2017 601,888 5.36% 2018 173,736 2.94% 2019 — —% 2020 7,925 3.21% Thereafter 697,308 5.11% Total $ 1,724,672 4.93% The Company is negotiating refinancing debt maturing in 2016. It is anticipated that the Company will be able to repay, refinance or extend the debt maturing in 2016, and the Company believes it has adequate sources of funds to meet short term cash needs related to these refinancings. Of the total outstanding debt for all years, approximately $54,283 is recourse to the Company. Some of the mortgage loans require compliance with certain covenants, such as debt coverage service ratios, investment restrictions and distribution limitations. As of March 31, 2016 and December 31, 2015 , the Company was in compliance with all mortgage loan requirements except one loan with a carrying value of $2,976 , which matures in 2016. This loan is not cross collateralized with any other mortgage loans or recourse to the Company. Line of Credit On November 5, 2015 , the Company entered into a term loan credit agreement for a $300,000 unsecured credit facility with a syndicate of seven lenders led by Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith, Incorporated and PNC Capital Markets LLC as joint lead arrangers. The accordion feature allows the Company to increase the size of the unsecured term loan credit facility to $600,000 , subject to certain conditions. The term loan credit facility consists of two tranches: a five-year tranche maturing on January 15, 2021, and a seven-year tranche maturing on November 5, 2022 . The credit facility can be drawn for one year from the agreement date, after which the unused portion of the credit facility will terminate. The credit facility is subject to maintenance of certain financial covenants. As of March 31, 2016 and December 31, 2015 , the Company was in compliance with all of the covenants and default provisions under the credit agreement. Interest rates are based on the Company's total leverage ratio. Based upon the Company's total leverage ratios at March 31, 2016 and December 31, 2015 , the five-year tranche bears an interest rate of LIBOR plus 1.30% and the seven-year tranche bears an interest rate of LIBOR plus 1.60% . The Company had $150,000 and $190,000 available under the term loan as of March 31, 2016 and December 31, 2015, respectively. The interest rate of the term loan was 1.74% and 1.59% as of March 31, 2016 and December 31, 2015 , respectively. On February 3, 2015 , the Company entered into an amended and restated credit agreement for a $300,000 unsecured revolving line of credit with KeyBank National Association, JP Morgan Chase Bank National Association and other financial institutions. The accordion feature allows the Company to increase the size of its unsecured line of credit up to $600,000 , subject to certain conditions. The unsecured revolving line of credit matures on February 2, 2019 and contains one twelve-month extension option that the Company may exercise upon payment of an extension fee equal to 0.15% of the commitment amount on the maturity date and subject to certain other conditions. The unsecured revolving line of credit bears interest at a rate equal to LIBOR plus 1.40% and requires the maintenance of certain financial covenants. As of March 31, 2016 and December 31, 2015 , the Company was in compliance with all of the covenants and default provisions under the credit agreement. The Company had $140,000 and $300,000 available under the revolving line of credit as of March 31, 2016 and December 31, 2015 , respectively. As of March 31, 2016 , the interest rate on the revolving line of credit was 1.84% .

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements In accordance with ASC 820, Fair Value Measurement and Disclosures, the Company defines fair value based on the price that would be received upon sale of an asset or the exit price that would be paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company uses a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value. The fair value hierarchy consists of three broad levels, which are described below: • Level 1 - Quoted prices in active markets for identical assets or liabilities that the entity has the ability to access. • Level 2 - Observable inputs, other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. • Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. The Company has estimated the fair value of its financial and non-financial instruments using available market information and valuation methodologies the Company believes to be appropriate for these purposes. Considerable judgment and a high degree of subjectivity are involved in developing these estimates and, accordingly, they are not necessarily indicative of amounts that would be realized upon disposition. Recurring Measurements For assets and liabilities measured at fair value on a recurring basis, quantitative disclosure of the fair value for each major category of assets and liabilities is presented below: Fair Value Measurements at March 31, 2016 Using Quoted Prices in Active Markets for Identical Assets Using Significant Using Significant (Level 1) (Level 2) (Level 3) Available-for-sale real estate equity securities $ 179,328 $ — $ — Real estate related bonds — 1,810 — Total assets $ 179,328 $ 1,810 $ — Derivative interest rate instruments — (5,592 ) — Total liabilities $ — $ (5,592 ) $ — Fair Value Measurements at December 31, 2015 Using Quoted Prices in Active Markets for Identical Assets Using Significant Other Observable Inputs Using Significant Other Unobservable Inputs (Level 1) (Level 2) (Level 3) Available-for-sale real estate equity securities $ 175,127 $ — $ — Real estate related bonds — 2,304 — Total assets $ 175,127 $ 2,304 $ — Derivative interest rate instruments — (1,941 ) — Total liabilities $ — $ (1,941 ) $ — Level 1 At March 31, 2016 and December 31, 2015 , the fair value of the available-for-sale real estate equity securities have been valued based upon quoted market prices for the same or similar issues when current quoted market prices were available. Unrealized gains or losses on investment are reflected in unrealized gain (loss) on investment securities in comprehensive income on the consolidated statements of operations and comprehensive income. Level 2 To calculate the fair value of the real estate related bonds and the derivative interest rate instruments, the Company primarily uses quoted prices for similar securities and contracts. For the real estate related bonds, the Company reviews price histories for similar market transactions. For the derivative interest rate instruments, the Company uses inputs based on data that is observed in the forward yield curve which is widely observable in the marketplace. The Company also incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements which utilizes Level 3 inputs, such as estimates of current credit spreads. However, as of March 31, 2016 and December 31, 2015 , the Company determined that the credit valuation adjustments are not significant to the overall valuation of its derivatives. As a result, the Company determined that its derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy. As of March 31, 2016 and December 31, 2015 , the Company had outstanding interest rate swap agreements with a notional value of $197,000 and $157,000 , respectively. Level 3 At March 31, 2016 and December 31, 2015 , the Company had no Level 3 recurring fair value measurements. Nonrecurring Measurements The following table summarizes activity for the Company’s assets measured at fair value on a nonrecurring basis. The Company recognized certain impairment charges to reflect the investments at their fair values for the three months ended March 31, 2016 and 2015. The asset groups that were reflected at fair value through this evaluation are: Three Months Ended March 31, 2016 March 31, 2015 Fair Value Measurements Using Significant Unobservable Inputs Total Fair Value Measurements Using Significant Unobservable Inputs Total Investment properties $ 39,150 $ 8,390 $ — $ — Total $ 39,150 $ 8,390 $ — $ — Investment Properties During the three months ended March 31, 2016 , the Company identified certain properties which may have a reduction in the expected holding period and reviewed the probability of these properties' disposition. The Company's estimated fair value relating to the investment properties' impairment analysis was based on purchase contracts. The Company recorded an impairment of investment properties of $8,390 in continuing operations for the three months ended March 31, 2016 on two retail properties based on purchase contracts. There was no impairment recorded for the three months ended March 31, 2015 for those properties included in continuing operations. There was no impairment recorded for the three months ended March 31, 2015 for those properties included in discontinued operations. Financial Instruments Not Measured at Fair Value The table below represents the fair value of financial instruments presented at carrying values in the Company's consolidated financial statements as of March 31, 2016 and December 31, 2015 . March 31, 2016 December 31, 2015 Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Mortgages payable $ 1,724,672 $ 1,729,686 $ 1,774,221 $ 1,789,464 Line of credit and term loan $ 310,000 $ 310,000 $ 110,000 $ 110,000 The Company estimates the fair value of its mortgages payable using a weighted average effective interest rate of 4.85% per annum. The fair value estimate of the line of credit and term loan approximates the carrying value due to limited market volatility in pricing. The assumptions reflect the terms currently available on similar borrowing terms to borrowers with credit profiles similar to the Company's. The Company has determined that its debt instrument valuations are classified in Level 2 of the fair value hierarchy.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company has elected and has operated so as to qualify to be taxed as a real estate investment trust ("REIT") under the Internal Revenue Code of 1986, as amended (the "Code"), commencing with the tax year ended December 31, 2005. So long as it qualifies as a REIT, the Company generally will not be subject to federal income tax on taxable income that is distributed currently to stockholders. A REIT is subject to a number of organizational and operational requirements including a requirement that it currently distribute at least 90% of its REIT taxable income (subject to certain adjustments) to its stockholders each year. If the Company fails to qualify as a REIT in any taxable year, without the benefit of certain relief provisions, the Company will be subject to federal and state income tax on its taxable income at regular corporate tax rates and would not be able to re-elect REIT during the four years following the year of the failure. Even if the Company qualifies for taxation as a REIT, the Company may be subject to certain state and local taxes on its income, property or net worth and federal income and excise taxes on its undistributed income. In addition, as of March 31, 2016, the Company owned all of the outstanding stock of MB REIT (Florida), Inc. ("MB REIT"), which the Company consolidates for financial reporting purposes. On December 15, 2015, MB REIT redeemed all of the outstanding shares of its Series B Preferred Stock and became a wholly owned subsidiary of InvenTrust. At that time, MB REIT became a Qualified REIT Subsidiary ("QRS") of the Company and ceased to be treated as a separate REIT for U.S. federal income tax purposes. As a QRS, as of March 31, 2016, MB REIT is currently disregarded as a separate entity from the Company for federal income tax purposes. All assets, liabilities and items of income, deduction and credit of MB REIT are treated for federal income tax purposes as those of the Company. MB REIT was included in the Highlands spin-off as described in "Note 14 - Subsequent Events." The Company has elected to treat certain of its consolidated subsidiaries, and may in the future elect to treat newly formed subsidiaries, as taxable REIT subsidiaries pursuant to the Code. Taxable REIT subsidiaries may participate in non-real estate related activities and/or perform non-customary services for tenants and are subject to federal and state income tax at regular corporate tax rates. During the three months ended March 31, 2015 the Company's hotels were leased to certain of the Company's taxable REIT subsidiaries. Lease revenue from these taxable REIT subsidiaries and the Company's wholly-owned subsidiaries is eliminated in consolidation. For the three months ended March 31, 2016 and 2015 , an income tax expense of $288 and $929 , respectively, was included in continuing operations on the consolidated statements of operations and comprehensive income. For the three months ended March 31, 2015 income tax expense of $2,169 was included in net income from discontinued operations on the consolidated statements of operations and comprehensive income.

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2016
Segment Reporting Information, Additional Information [Abstract]
Segment Reporting	Segment Reporting For the three months ended March 31, 2016 , the Company's portfolio strategy was to continue to focus on the retail and student housing asset classes. The non-core segment includes multi-tenant office and triple-net properties. The Company evaluates segment performance primarily based on net operating income. Net operating income of the segments exclude interest expense, depreciation and amortization, general and administrative expenses, net income of noncontrolling interest and other investment income from corporate investments. The non-segmented assets primarily include the Company’s cash and cash equivalents, investment in marketable securities, construction in progress, and investment in unconsolidated entities. For the three months ended March 31, 2016 , approximately 15% of the Company’s retail and non-core revenue (excluding student housing) from continuing operations was generated by three properties leased to AT&T, Inc. These three properties leased to AT&T, Inc. were included in the Highlands spin-off as described in "Note 14 - Subsequent Events." The student housing segment was not considered in this analysis as leases are on a per bed basis, for a year or less, and are immaterial when evaluated individually. The following table summarizes net property operations income by segment as of and for the three months ended March 31, 2016 . Total Retail Student Housing Non-core Rental income $ 96,116 $ 49,786 $ 25,179 $ 21,151 Straight line adjustment (768 ) 108 7 (883 ) Tenant recovery income 15,881 15,254 187 440 Other property income 3,060 1,450 1,372 238 Total income 114,289 66,598 26,745 20,946 Operating expenses 30,713 18,874 8,983 2,856 Net operating income $ 83,576 47,724 17,762 18,090 Non-allocated expenses (a) (55,798 ) Other income and expenses (b) 3,310 Equity in earnings of unconsolidated entities (c) 2,710 Provision for asset impairment (d) (8,390 ) Net income from continuing operations $ 25,408 Net income from discontinued operations — Less: net income attributable to noncontrolling interests — Net income attributable to Company $ 25,408 Balance Sheet Data Real estate assets, net (e) $ 3,339,674 1,893,892 915,784 529,998 Non-segmented assets (f) 1,004,302 Total assets 4,343,976 Capital expenditures $ 1,091 273 818 — (a) Non-allocated expenses consists of general and administrative expenses and depreciation and amortization. (b) Other income and expenses consists of gain on sale of investment properties, loss on extinguishment of debt, interest and dividend income, interest expense, other income, realized gain on sale of marketable securities, net, and income tax expense. (c) Equity in earnings includes gain on investment in unconsolidated joint venture. (d) Total provision for asset impairment included $8,390 related to two retail assets. (e) Real estate assets include intangible assets, net of amortization. (f) Construction in progress is included as non-segmented assets. The following table summarizes net property operations income by segment as of and for the three months ended March 31, 2015 . Total Retail Student Housing Non-core Rental income $ 89,723 $ 50,057 $ 17,777 $ 21,889 Straight line adjustment (63 ) 379 36 (478 ) Tenant recovery income 17,916 16,087 177 1,652 Other property income 2,093 935 1,082 76 Total income 109,669 67,458 19,072 23,139 Operating expenses 30,388 20,109 6,473 3,806 Net operating income $ 79,281 47,349 12,599 19,333 Non-allocated expenses (a) (59,972 ) Other income and expenses (b) (17,690 ) Equity in earnings of unconsolidated entities 1,973 Provision for asset impairment — Net income from continuing operations 3,592 Net income from discontinued operations (c) 2,241 Less: net income attributable to noncontrolling interests (8 ) Net income attributable to Company $ 5,825 (a) Non-allocated expenses consists of general and administrative expenses, and depreciation and amortization. (b) Other income and expenses consists of gain on sale of investment properties, loss on extinguishment of debt, interest and dividend income, interest expense, other income, realized gain on sale of marketable securities, net, and income tax expense. (c) Net income from discontinued operations primarily relates to the lodging properties included in the Xenia spin-off.

Earnings (loss) per Share

Earnings (loss) per Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings (loss) per Share	Earnings per Share and Equity Transactions Basic earnings per share ("EPS") are computed using the two-class method by dividing net income by the weighted average number of common shares outstanding for the period (the "common shares"). Diluted EPS is computed using the treasury method if more dilutive, by dividing net income by the common shares plus potential common shares issuable upon exercising options or other contracts. The following table reconciles the amounts used in calculating basic and diluted income per share: Three Months Ended March 31, 2016 March 31, 2015 Net income from continuing operations $ 25,408 $ 3,592 Less: Dividends on common stock (28,023 ) (54,585 ) Less: Net income attributable to noncontrolling interests — (8 ) Undistributed loss $ (2,615 ) $ (51,001 ) Add: Dividends on common stock 28,023 54,585 Distributed and undistributed income from continuing operations, basic and diluted $ 25,408 $ 3,584 Income from discontinued operations allocated to common stockholders $ — $ 2,241 Weighted average shares outstanding: Weighted average shares outstanding - basic 862,205,672 861,824,777 Effect of unvested restricted stock units 86,000 — Weighted average shares outstanding - diluted 862,291,672 861,824,777 Basic income per share: Income from continuing operations allocated to common shareholders per share $ 0.03 $ — Income from discontinued operations allocated to common shareholders per share $ — $ — Diluted income per share: Income from continuing operations allocated to common shareholders per share $ 0.03 $ — Income from discontinued operations allocated to common shareholders per share $ — $ —

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Stock-Based Compensation Share Unit Plans During 2014, the Company adopted the following three long-term incentive plans: (1) the Inland American Real Estate Trust, Inc. 2014 Share Unit Plan (the "Retail Plan"), with respect to the Company’s retail business; (2) the Xenia Hotels & Resorts, Inc. 2014 Share Unit Plan (the "Lodging Plan"), with respect to the Company’s lodging business; and (3) the Inland American Communities Group, Inc. 2014 Share Unit Plan (the "Student Housing Plan"), with respect to the Company’s student housing business (collectively, the "Share Unit Plans"). Each Share Unit Plan provides for the grant of "share unit" awards to eligible participants. The value of a "share unit" was determined based on a phantom capitalization of the Company’s retail/non-core business, lodging business and student housing business, and does not necessarily correspond to the value of a share of common stock of the Company, Xenia or Inland American Communities Group, Inc. (n/k/a "University House Communities Group, Inc."), as applicable. Vesting of the share units granted in 2014 is conditioned upon the occurrence of a triggering event, such as a listing or a change in control of the applicable business, and if no triggering event occurs within five years following the applicable grant date, then the share units are forfeited. The Company does not recognize share based compensation expense with respect to the Share Unit Plans until the occurrence of a triggering event. As of February 3, 2015, the share units outstanding under the Lodging Plan were included in the Xenia spin-off and Xenia terminated the Lodging Plan. As of June 19, 2015, in connection with the adoption of the Incentive Award Plan (as defined below) the Company terminated the Retail Plan. Awards outstanding with a grant date value of $6,733 under the Retail Plan will remain outstanding and subject to the terms of the plan and the applicable award agreement. No additional awards will be granted under the Retail Plan. The Student Housing Plan was not terminated and remains in effect. As of March 31, 2016 , awards granted in 2015 and 2014 with an aggregate grant date value of $2,086 and $1,735 , respectively, were outstanding under the Student Housing Plan. No additional awards were granted during the three months ended March 31, 2016 under the Student Housing Plan. As a triggering event had not occurred with respect to the Company's retail/non-core or student housing businesses, the Company did not recognize stock-based compensation expense related to the Retail Plan or the Student Housing Plan for the three months ended March 31, 2016 and 2015. Incentive Award Plan Effective as of June 19, 2015, the board of directors adopted and approved the InvenTrust Properties Corp. 2015 Incentive Award Plan (the "Incentive Award Plan"), under which the Company may grant cash and equity incentive awards to eligible employees, directors, and consultants. Under the Incentive Award Plan, the Company is authorized to grant up to 30,000,000 shares of the Company's common stock pursuant to awards under the plan. At March 31, 2016 , 28,419,750 shares were available for future issuance under the Incentive Award Plan. A summary of the Company's restricted stock unit activity as of March 31, 2016 is as follows: Number of Restricted Stock Units Weighted Average Price at Grant Date Outstanding at January 1, 2016 951,555 $4.00 Restricted stock units granted — — Restricted stock units vested — — Restricted stock units forfeited — — Outstanding at March 31, 2016 951,555 $4.00 At March 31, 2016 , there was $3,123 of total unrecognized compensation expense related to unvested stock-based compensation arrangements granted under the Incentive Award Plan. The restricted stock units outstanding as of March 31, 2016 have vesting schedules through December 2017. Stock-based compensation expense will be amortized on a straight-line basis over the vesting period. The Company recognized stock-based compensation expense of $437 related to the Incentive Award Plan for the three months ended March 31, 2016 . No stock-based compensation expense was recognized for the three months ended March 31, 2015 .

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company is subject, from time to time, to various legal proceedings and claims that arise in the ordinary course of business. While the resolution of these matters cannot be predicted with certainty, management believes, based on currently available information, that the final outcome of such matters will not have a material adverse effect on the financial statements of the Company.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Acquisitions Subsequent to March 31, 2016, the Company acquired the following three retail assets: • Shops at the Galleria in Austin, Texas was acquired on April 1, 2016. This retail power center consists of approximately 538,000 square feet and was purchased at a gross acquisition price of $132 million ; • Renaissance Center in Durham, North Carolina was acquired on April 1, 2016. This retail power center consists of approximately 363,000 square feet and was purchased at a gross acquisition price of $129.2 million ; • Stevenson Ranch Plaza in Stevenson Ranch, California was acquired on April 15, 2016. This retail community center consists of approximately 187,000 square feet and was purchased at a gross acquisition price of $72.5 million . Spin-Off of Highlands REIT, Inc. On April 28, 2016, the Company completed the spin-off of its subsidiary, Highlands REIT, Inc. (“Highlands”), which the Company formed to hold substantially all of its remaining non-core assets, through the pro rata taxable distribution of 100% of the outstanding common stock of Highlands to holders of record of Company common stock as of the close of business on the record date, which was April 25, 2016 (referred to herein as the "Highlands spin-off"). Each holder of record of Company common stock received one share of Highlands’ common stock for every one share of Company common stock held at the close of business on the record date. There is no current trading market for shares of Highlands’ common stock, and Highlands does not intend to list any shares of its common stock on any securities exchange or other market in connection with the spin-off. In connection with the Highlands spin-off, the Company entered into a Separation and Distribution Agreement with Highlands to effect the separation and to provide for the allocation of assets and liabilities. Highlands’ real property assets consist of seven single- and multi-tenant office assets, two industrial assets, six retail assets, two correctional facilities, four parcels of unimproved land and one bank branch. Highlands assumed all liabilities relating to or arising out of these assets (excluding any liabilities relating to the properties previously owned and disposed by subsidiaries of Highlands prior to the spin-off). In the Highlands spin-off, the Company disposed of assets with a book value of approximately $660.0 million as of March 31, 2016, and liabilities with a book value of approximately $435.0 million as of March 31, 2016. The Company also entered into certain agreements with Highlands that, among other things, provide a framework for the relationship between the Company and Highlands as two separate companies, namely a Transition Services Agreement and an Employee Matters Agreement.

Organization (Tables)

Organization (Tables)	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Commercial Real Estate Properties	The breakdown, by segment, of the 124 owned assets at March 31, 2016 is as follows: Segment Property Count Square Feet / Beds Retail 92 14,597,294 Square feet Student Housing 18 11,035 Beds Non-core 14 5,730,177 Square feet

Disposed Properties (Tables)

Disposed Properties (Tables)	3 Months Ended
	Mar. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Summary of Components of Discontinued Operations	In line with the Company's adoption of the accounting standard governing discontinued operations during the year ended December 31, 2014, only disposals representing a strategic shift that have (or will have) a major effect on results and operations would qualify as discontinued operations. On February 3, 2015, the Company completed the spin-off of its lodging subsidiary, Xenia Hotels & Resorts, Inc. The 46 assets included in the Xenia spin-off have been classified as discontinued operations because the Xenia spin-off represents a strategic shift that has had a major effect on the Company's operations and financial results. The assets and liabilities of these 46 assets are classified as assets and liabilities of discontinued operations on the consolidated balance sheet at March 31, 2016 and December 31, 2015 . The operations of these 46 assets have been classified as income from discontinued operations on the consolidated statement of operations and comprehensive income for the three months ended March 31, 2015 . The major classes of assets and liabilities of discontinued operations as of March 31, 2016 and December 31, 2015 were as follows: As of March 31, 2016 December 31, 2015 Assets Deferred costs and other assets (a) $ 2,235 $ 3,118 Total assets $ 2,235 $ 3,118 Liabilities Other liabilities (b) $ — $ 57 Total liabilities $ — $ 57 (a) Deferred costs and other assets at March 31, 2016 and December 31, 2015 primarily include receivables from Xenia related to taxes. (b) Other liabilities at December 31, 2015 include tax liabilities related to hotel properties payable by the Company. For the three months ended March 31, 2016 , there were no dispositions that qualified as discontinued operations. For the three months ended March 31, 2015 , the operations reflected in discontinued operations, shown in the table below, reflect the operations of the 46 lodging properties associated with the Xenia spin-off. All other property disposals are now included as a component of income from continuing operations, consistent with the Company's adoption of ASU No. 2014-08. Three Months Ended March 31, 2016 2015 Revenues $ — $ 68,682 Depreciation and amortization expense — 11,934 Other expenses — 55,460 Operating income from discontinued operations $ — $ 1,288 Interest expense, income taxes, and other miscellaneous income — 953 Gain on sale of properties, net — — Loss on extinguishment of debt — — Net income from discontinued operations $ — $ 2,241
Summary of Disposal Activity, Excluding Discontinued Operations, Disposal Activity [Table Text Block]	The following properties were sold during the three months ended March 31, 2016 . These properties have been included in continuing operations on the consolidated statement of operations and comprehensive income for the three months ended March 31, 2016 . Segment Property Date Gross Disposition Price Square Feet Retail Cypress Town Center 1/7/2016 $ 7,300 55,000 Square Feet Retail James Center 1/13/2016 31,400 140,240 Square Feet Retail Streets of Indian Lake 3/11/2016 37,000 254,101 Square Feet Retail Lord Salisbury Center 3/11/2016 20,800 113,821 Square Feet Retail Fabyan Randall 3/25/2016 14,800 91,415 Square Feet Total $ 111,300

Investment in Partially Owned24

Investment in Partially Owned Entities (Tables)	3 Months Ended
	Mar. 31, 2016
Investment in Partially Owned Entities [Abstract]
Schedule of Net Equity Investment and Share of Net Income or Loss	Under the equity method of accounting, the net equity investment of the Company and the Company’s share of net income or loss from the unconsolidated entity are reflected in the consolidated balance sheets and the consolidated statements of operations and comprehensive income. Carrying Value of Investment at Entity Description Ownership % March 31, 2016 December 31, 2015 IAGM Retail Fund I, LLC Retail shopping centers 55% $ 129,206 $ 131,362 Downtown Railyard Venture, LLC Land development (a) 46,464 45,081 15th & Walnut Owner, LLC (b) Student housing 62% — 4,195 Other unconsolidated entities Various real estate investments Various 2,167 1,873 $ 177,837 $ 182,511 (a) The Company's ownership percentage in Downtown Railyard Venture, LLC is based upon a waterfall calculation outlined in the joint venture operating agreement. (b) On February 4, 2013, the Company entered into a joint venture agreement with Gerding Edlen Investors, LLC ("GE") in order to develop, construct and manage a student housing community on the campus of the University of Oregon in Eugene, Oregon, which was completed later in 2013 and is now fully operational. The joint venture is known as 15th & Walnut Owner, LLC ("Eugene"). On February 25, 2016, GE purchased the Company's partnership interest in the joint venture. A gain on the sale of the joint venture of $1,434 was recorded for the three months ended March 31, 2016 and is reflected in the consolidated statements of operations and comprehensive income.
Schedule of Combined Financial Information of Investment in Unconsolidated Entities	The following tables present the combined condensed financial information for the Company’s investment in unconsolidated entities. As of March 31, 2016 December 31, 2015 Assets: Real estate assets, net of accumulated depreciation $ 639,714 $ 663,249 Other assets 93,128 99,895 Total assets $ 732,842 $ 763,144 Liabilities and equity: Mortgage debt 313,358 325,822 Other liabilities 72,825 79,642 Equity 346,659 357,680 Total liabilities and equity $ 732,842 $ 763,144 Company’s share of equity $ 191,716 $ 196,506 Net excess of the net book value of underlying assets over the cost of investments (net of accumulated amortization of $1,500 and $1,085, respectively) (13,879 ) (13,995 ) Carrying value of investments in unconsolidated entities $ 177,837 $ 182,511 Three Months Ended March 31, 2016 2015 Revenues $ 17,593 $ 19,644 Expenses: Interest expense and loan cost amortization 5,918 4,147 Depreciation and amortization 6,428 5,634 Operating expenses, ground rent and general and administrative expenses 3,785 5,828 Total expenses 16,131 15,609 Net income $ 1,462 $ 4,035 Company's share of net income (loss), net of excess basis depreciation of $130 and $130, respectively $ 1,000 $ 1,973 Distributions from unconsolidated entities in equity in earnings in excess of the investments' carrying value 276 — Equity in earnings of unconsolidated entities $ 1,276 $ 1,973
Schedule of Debt Maturities of the Unconsolidated Entities	The unconsolidated entities had total third party debt of $313,358 at March 31, 2016 that matures as follows: Year Amount 2016 $ 19,668 2017 — 2018 203,782 2019 16,245 2020 — Thereafter 73,663 $ 313,358

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2016
Notes and Loans Payable [Abstract]
Schedule Of Maturities For Outstanding Mortgage Indebtedness	As of March 31, 2016 , scheduled maturities for the Company’s outstanding mortgage indebtedness had various due dates through August 2037, as follows: Maturity Date As of March 31, 2016 Weighted average interest rate 2016 $ 243,815 4.79% 2017 601,888 5.36% 2018 173,736 2.94% 2019 — —% 2020 7,925 3.21% Thereafter 697,308 5.11% Total $ 1,724,672 4.93%

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Quantitative Disclosure of The Fair Value For Each Major Category Of Assets And Liabilities	For assets and liabilities measured at fair value on a recurring basis, quantitative disclosure of the fair value for each major category of assets and liabilities is presented below: Fair Value Measurements at March 31, 2016 Using Quoted Prices in Active Markets for Identical Assets Using Significant Using Significant (Level 1) (Level 2) (Level 3) Available-for-sale real estate equity securities $ 179,328 $ — $ — Real estate related bonds — 1,810 — Total assets $ 179,328 $ 1,810 $ — Derivative interest rate instruments — (5,592 ) — Total liabilities $ — $ (5,592 ) $ — Fair Value Measurements at December 31, 2015 Using Quoted Prices in Active Markets for Identical Assets Using Significant Other Observable Inputs Using Significant Other Unobservable Inputs (Level 1) (Level 2) (Level 3) Available-for-sale real estate equity securities $ 175,127 $ — $ — Real estate related bonds — 2,304 — Total assets $ 175,127 $ 2,304 $ — Derivative interest rate instruments — (1,941 ) — Total liabilities $ — $ (1,941 ) $ —
Assets Measured at Fair Value on Non-Recurring Basis	The following table summarizes activity for the Company’s assets measured at fair value on a nonrecurring basis. The Company recognized certain impairment charges to reflect the investments at their fair values for the three months ended March 31, 2016 and 2015. The asset groups that were reflected at fair value through this evaluation are: Three Months Ended March 31, 2016 March 31, 2015 Fair Value Measurements Using Significant Unobservable Inputs Total Fair Value Measurements Using Significant Unobservable Inputs Total Investment properties $ 39,150 $ 8,390 $ — $ — Total $ 39,150 $ 8,390 $ — $ —
Fair Value of Financial Instruments Presented at Carrying Values	The table below represents the fair value of financial instruments presented at carrying values in the Company's consolidated financial statements as of March 31, 2016 and December 31, 2015 . March 31, 2016 December 31, 2015 Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Mortgages payable $ 1,724,672 $ 1,729,686 $ 1,774,221 $ 1,789,464 Line of credit and term loan $ 310,000 $ 310,000 $ 110,000 $ 110,000

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Reporting Information, Additional Information [Abstract]
Summary of Net Property Operations Income By Segment	The following table summarizes net property operations income by segment as of and for the three months ended March 31, 2016 . Total Retail Student Housing Non-core Rental income $ 96,116 $ 49,786 $ 25,179 $ 21,151 Straight line adjustment (768 ) 108 7 (883 ) Tenant recovery income 15,881 15,254 187 440 Other property income 3,060 1,450 1,372 238 Total income 114,289 66,598 26,745 20,946 Operating expenses 30,713 18,874 8,983 2,856 Net operating income $ 83,576 47,724 17,762 18,090 Non-allocated expenses (a) (55,798 ) Other income and expenses (b) 3,310 Equity in earnings of unconsolidated entities (c) 2,710 Provision for asset impairment (d) (8,390 ) Net income from continuing operations $ 25,408 Net income from discontinued operations — Less: net income attributable to noncontrolling interests — Net income attributable to Company $ 25,408 Balance Sheet Data Real estate assets, net (e) $ 3,339,674 1,893,892 915,784 529,998 Non-segmented assets (f) 1,004,302 Total assets 4,343,976 Capital expenditures $ 1,091 273 818 — (a) Non-allocated expenses consists of general and administrative expenses and depreciation and amortization. (b) Other income and expenses consists of gain on sale of investment properties, loss on extinguishment of debt, interest and dividend income, interest expense, other income, realized gain on sale of marketable securities, net, and income tax expense. (c) Equity in earnings includes gain on investment in unconsolidated joint venture. (d) Total provision for asset impairment included $8,390 related to two retail assets. (e) Real estate assets include intangible assets, net of amortization. (f) Construction in progress is included as non-segmented assets. The following table summarizes net property operations income by segment as of and for the three months ended March 31, 2015 . Total Retail Student Housing Non-core Rental income $ 89,723 $ 50,057 $ 17,777 $ 21,889 Straight line adjustment (63 ) 379 36 (478 ) Tenant recovery income 17,916 16,087 177 1,652 Other property income 2,093 935 1,082 76 Total income 109,669 67,458 19,072 23,139 Operating expenses 30,388 20,109 6,473 3,806 Net operating income $ 79,281 47,349 12,599 19,333 Non-allocated expenses (a) (59,972 ) Other income and expenses (b) (17,690 ) Equity in earnings of unconsolidated entities 1,973 Provision for asset impairment — Net income from continuing operations 3,592 Net income from discontinued operations (c) 2,241 Less: net income attributable to noncontrolling interests (8 ) Net income attributable to Company $ 5,825 (a) Non-allocated expenses consists of general and administrative expenses, and depreciation and amortization. (b) Other income and expenses consists of gain on sale of investment properties, loss on extinguishment of debt, interest and dividend income, interest expense, other income, realized gain on sale of marketable securities, net, and income tax expense. (c) Net income from discontinued operations primarily relates to the lodging properties included in the Xenia spin-off.

Earnings (loss) per Share (Tabl

Earnings (loss) per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following table reconciles the amounts used in calculating basic and diluted income per share: Three Months Ended March 31, 2016 March 31, 2015 Net income from continuing operations $ 25,408 $ 3,592 Less: Dividends on common stock (28,023 ) (54,585 ) Less: Net income attributable to noncontrolling interests — (8 ) Undistributed loss $ (2,615 ) $ (51,001 ) Add: Dividends on common stock 28,023 54,585 Distributed and undistributed income from continuing operations, basic and diluted $ 25,408 $ 3,584 Income from discontinued operations allocated to common stockholders $ — $ 2,241 Weighted average shares outstanding: Weighted average shares outstanding - basic 862,205,672 861,824,777 Effect of unvested restricted stock units 86,000 — Weighted average shares outstanding - diluted 862,291,672 861,824,777 Basic income per share: Income from continuing operations allocated to common shareholders per share $ 0.03 $ — Income from discontinued operations allocated to common shareholders per share $ — $ — Diluted income per share: Income from continuing operations allocated to common shareholders per share $ 0.03 $ — Income from discontinued operations allocated to common shareholders per share $ — $ —
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]	A summary of the Company's restricted stock unit activity as of March 31, 2016 is as follows: Number of Restricted Stock Units Weighted Average Price at Grant Date Outstanding at January 1, 2016 951,555 $4.00 Restricted stock units granted — — Restricted stock units vested — — Restricted stock units forfeited — — Outstanding at March 31, 2016 951,555 $4.00

Organization (Details)

Organization (Details) $ in Thousands	Jan. 03, 2016USD ($)	Mar. 31, 2016USD ($)ft²BedProperties	Mar. 31, 2015USD ($)Properties	Dec. 31, 2015Properties
Real Estate Properties [Line Items]
Number of Real Estate Properties		124	142	129
Discontinued Operation, Gross Disposition Price | $		$ 111,300	$ 1,410
Retail [Member]
Real Estate Properties [Line Items]
Number of Real Estate Properties		92
Area of Real Estate Property | ft²		14,597,294
Student Housing [Member]
Real Estate Properties [Line Items]
Number of Real Estate Properties		18
Number of Units in Real Estate Property | Bed		11,035
Discontinued Operation, Gross Disposition Price | $	$ 1,400,000
Non Core [Member]
Real Estate Properties [Line Items]
Number of Real Estate Properties		14
Area of Real Estate Property | ft²		5,730,177
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff [Member] | Xenia Hotels and Resorts, Inc. [Member]
Real Estate Properties [Line Items]
Number of Real Estate Properties		46

Acquired Properties (Details)

Acquired Properties (Details) $ in Thousands	Apr. 15, 2016USD ($)ft²	Apr. 01, 2016USD ($)ft²	May. 10, 2016Properties	Mar. 31, 2016BedProperties	Mar. 31, 2015Properties
Acquired Properties Textual Details [Line Items]
Number of Businesses Acquired | Properties				0	0
Student Housing [Member]
Acquired Properties Textual Details [Line Items]
Number of Units in Real Estate Property | Bed				11,035
Subsequent Event [Member] | Retail [Member]
Acquired Properties Textual Details [Line Items]
Number of Businesses Acquired | Properties			3
Shops at Galleria Houston, TX [Member] | Subsequent Event [Member] | Retail [Member]
Acquired Properties Textual Details [Line Items]
Number of Units in Real Estate Property | ft²		538,000
Gross Acquisition Price | $		$ 132,000
Renaissance Center Durham, NC [Member] | Subsequent Event [Member] | Retail [Member]
Acquired Properties Textual Details [Line Items]
Number of Units in Real Estate Property | ft²		363,000
Gross Acquisition Price | $		$ 129,200
Stevenson Ranch, Stevenson Ranch, CA [Member] | Subsequent Event [Member] | Retail [Member]
Acquired Properties Textual Details [Line Items]
Number of Units in Real Estate Property | ft²	187,000
Gross Acquisition Price | $	$ 72,500

Disposed Properties Narrative (

Disposed Properties Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)Properties	Mar. 31, 2015USD ($)Properties	Dec. 31, 2015Properties
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number Of Disposed Assets	5	0
Gross disposition price | $	$ 111,300	$ 1,410
Proceeds from sale of investment properties, net | $	107,587	1,454
Gain (loss) on sale of properties | $	$ 24,026	$ 728
Number of Real Estate Properties	124	142	129
Land [Member] | Raleigh Hillsborough Raleigh, NC [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number Of Disposed Assets		1
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff [Member] | Xenia Hotels and Resorts, Inc. [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of Real Estate Properties	46

Disposed Properties (Details 1)

Disposed Properties (Details 1) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets of discontinued operations		$ 2,235		$ 3,118
Liabilities of discontinued operations		0		57
Summary of components of discontinued operations
Revenues		0	$ 68,682
Depreciation and amortization expense		0	11,934
Expenses		0	55,460
Provision for asset impairment		0	0
Operating income from discontinued operations		0	1,288
Interest expense, income taxes, and other miscellaneous income		0	953
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax		0	0
Loss on extinguishment of debt		0	0
Net income from discontinued operations		0	2,241
Cash Provided by (Used in) Investing Activities, Discontinued Operations		883	(14,877)
Cash Provided by (Used in) Operating Activities, Discontinued Operations		27	$ (4,010)
Xenia Hotels and Resorts, Inc. [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Discontinued Operations, Allowance for Doubtful Accounts, Premiums, and Other Receivables		0		0
Disposal Group, Including Discontinued Operation, Deferred Costs and Other Assets	[1]	2,235		3,118
Assets of discontinued operations		2,235		3,118
Disposal Group, Including Discontinued Operation, Other Liabilities	[2]	0		57
Liabilities of discontinued operations		$ 0		$ 57
[1]	Deferred costs and other assets at March 31, 2016 and December 31, 2015 primarily include receivables from Xenia related to taxes.
[2]	Other liabilities at December 31, 2015 include tax liabilities related to hotel properties payable by the Company.

Disposed Properties (Details 2)

Disposed Properties (Details 2) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)ft²	Mar. 31, 2015USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operation, Gross Disposition Price | $	$ 111,300	$ 1,410
Retail [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Area of Real Estate Property | ft²	14,597,294
Retail [Member] | Las Plumas DR Stephens Fund [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Date	Jan. 7, 2016
Discontinued Operation, Gross Disposition Price | $	$ 7,300
Area of Real Estate Property | ft²	55,000
Retail [Member] | Citizens - Manchester [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Date	Jan. 13, 2016
Discontinued Operation, Gross Disposition Price | $	$ 31,400
Area of Real Estate Property | ft²	140,240
Retail [Member] | SunTrust- Winston Salem [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Date	Mar. 11, 2016
Discontinued Operation, Gross Disposition Price | $	$ 37,000
Area of Real Estate Property | ft²	254,101
Retail [Member] | Lord Salisbury Center Salisbury, MD [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Date	Mar. 11, 2016
Discontinued Operation, Gross Disposition Price | $	$ 20,800
Area of Real Estate Property | ft²	113,821
Retail [Member] | Tech II [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Date	Mar. 25, 2016
Discontinued Operation, Gross Disposition Price | $	$ 14,800
Area of Real Estate Property | ft²	91,415

Investment in Partially Owned35

Investment in Partially Owned Entities (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Other than Temporary Impairment	$ 0	$ 0
Schedule of net equity investment and share of net income or loss
Investment	$ 177,837		$ 182,511
IAGM Retail Fund I, LLC [Member]
Schedule of net equity investment and share of net income or loss
Description	Retail shopping centers
Ownership %	55.00%
Investment	$ 129,206		131,362
Downtown Railyard Venture, LLC [Member]
Schedule of net equity investment and share of net income or loss
Description	Land development
Investment	$ 46,464		45,081
15th & Walnut Owner, LLC [Member]
Schedule of net equity investment and share of net income or loss
Description	Student housing
Ownership %	62.00%
Investment	$ 0		4,195
Other Unconsolidated Entities [Member]
Schedule of net equity investment and share of net income or loss
Description	Various real estate investments
Investment	$ 2,167		$ 1,873

Investment in Partially Owned36

Investment in Partially Owned Entities (Details 2) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Realized Gain (Loss) on Disposal	$ 1,434	$ 0
Equity Method Investment, Other than Temporary Impairment	0	0
Assets
Real estate assets, net of accumulated depreciation	639,714		$ 663,249
Other assets	93,128		99,895
Total assets	732,842		763,144
Liabilities and Equity
Equity Method Investments Long Term Debt	313,358		325,822
Other liabilities	72,825		79,642
Equity	346,659		357,680
Total liabilities and equity	732,842		763,144
Company’s share of equity	191,716		196,506
Net excess of the net book value of underlying assets over the cost of investments (net of accumulated amortization of $1,500 and $1,085, respectively)	(13,879)		(13,995)
Carrying value of investments in unconsolidated entities	177,837		182,511
Statements of Operations:
Revenues	17,593	19,644
Expenses
Equity Method Investments, Interest Expense and Loan Cost Amortization	5,918	4,147
Depreciation and amortization	6,428	5,634
Operating expenses, ground rent and general and administrative expenses	3,785	5,828
Total expenses	16,131	15,609
Net income	1,462	4,035
Company’s share of:
Company's share of net income (loss), net of excess basis depreciation of $130 and $130, respectively	1,276	1,973
Distributions in excess of the carrying value of the investment	276	0
Accumulated Depreciation of Investments over Book Value	1,746		$ 1,630
Gain (Loss) and (Impairment) of Investment in Unconsolidated Entities, Net	1,434	0
Unconsolidated Entities [Member]
Company’s share of:
Depreciation	130	$ 130
Distributions from Equity Method Investments [Member]
Company’s share of:
Company's share of net income (loss), net of excess basis depreciation of $130 and $130, respectively	$ 1,000

Investment in Partially Owned37

Investment in Partially Owned Entities (Details 3) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Schedule of Debt Maturities of the Unconsolidated Entities
Equity Method Investments Long Term Debt	$ 313,358	$ 325,822
Recourse Debt	54,283
Unconsolidated Entities [Member]
Schedule of Debt Maturities of the Unconsolidated Entities
2,015	19,668
2,016	0
2,017	203,782
2,018	16,245
2,019	0
Thereafter	73,663
Recourse Debt	1,000
the Company [Member]
Schedule of Debt Maturities of the Unconsolidated Entities
Recourse Debt	$ 23,000

Investment in Marketable Secu38

Investment in Marketable Securities (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Feb. 03, 2015
Investment in Marketable Securities (Textual) [Abstract]
Investment in marketable securities	$ 181,138		$ 177,431
Impairment on securities included as a component of realized gain (loss)	137,367		138,318
Net accumulated other comprehensive income	43,771		39,113
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	6,477		10,712
Available-for-sale Securities, Accumulated Gross Unrealized Gain (Loss), before Tax	1,647		2,242
Impairments on available for sale securities	0	$ 0
Dividend Income, Operating	2,655	$ 2,899
Xenia Hotels and Resorts, Inc. [Member]
Investment in Marketable Securities (Textual) [Abstract]
Investment in marketable securities	88,564		86,919
Impairment on securities included as a component of realized gain (loss)	80,748		80,748
Investment Owned, Percent of Net Assets				5.00%
Available-for-sale Securities, Accumulated Gross Unrealized Gain (Loss), before Tax	$ 7,816		$ 6,171

Debt (Details)

Debt (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)Loans	Dec. 31, 2015USD ($)
Schedule of maturities for outstanding mortgage indebtedness
2,016	$ 243,815
2,017	601,888
2,018	173,736
2,019	0
2,020	7,925
Thereafter	697,308
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	$ 1,724,672	$ 1,774,221
Weighted average interest rate	4.93%	4.94%
Debt Instrument, Unamortized Discount (Premium), Net	$ 4,300	$ 5,568
Debt Issuance Cost	7,956	8,496
Recourse Debt	$ 54,283
Number of Mortgage Loans on Real Estate in Default | Loans	1
Mortgage Loans on Real Estate, Principal Amount of Loan in Default	$ 2,976	$ 2,721
2,016
Schedule of maturities for outstanding mortgage indebtedness
Weighted average interest rate	4.79%
2,017
Schedule of maturities for outstanding mortgage indebtedness
Weighted average interest rate	5.36%
2,018
Schedule of maturities for outstanding mortgage indebtedness
Weighted average interest rate	2.94%
2,019
Schedule of maturities for outstanding mortgage indebtedness
Weighted average interest rate	0.00%
2,020
Schedule of maturities for outstanding mortgage indebtedness
Weighted average interest rate	3.21%
Thereafter
Schedule of maturities for outstanding mortgage indebtedness
Weighted average interest rate	5.11%

Line of Credit (Details)

Line of Credit (Details)	Feb. 02, 2019	Feb. 03, 2015USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Nov. 05, 2015USD ($)
Line of Credit Facility [Line Items]
Mortgage Loans on Real Estate, Principal Amount of Loan in Default			$ 2,976,000	$ 2,721,000
WellsFargoMerrillLynchPierceFennerSmithPNCCapitalMarketsCreditFacility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Interest Rate at Period End			1.74%	1.59%
Line of Credit Facility, Remaining Borrowing Capacity			$ 150,000,000	$ 190,000,000	$ 300,000,000
Number of tranches in loan credit facility					2
Unsecured Debt [Member] | KeyBanc Capital Markets and J.P. Morgan Securities LLC [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Face Amount				200,000,000
Revolving Credit Facility [Member] | KeyBanc Capital Markets and J.P. Morgan Securities LLC Amended and Restated [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Initiation Date		Feb. 3, 2015
Extension option on line of credit, period			1 year
Line of Credit Facility, Interest Rate Description			LIBOR plus 1.40%
Line of Credit Facility, Interest Rate at Period End			1.84%
Line of Credit Facility, Remaining Borrowing Capacity		$ 300,000,000	$ 140,000,000	$ 300,000
Maximum [Member] | WellsFargoMerrillLynchPierceFennerSmithPNCCapitalMarketsCreditFacility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity					$ 600,000,000
Maximum [Member] | Revolving Credit Facility [Member] | KeyBanc Capital Markets and J.P. Morgan Securities LLC Amended and Restated [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity		$ 600,000,000
Scenario, Forecast [Member] | Revolving Credit Facility [Member] | KeyBanc Capital Markets and J.P. Morgan Securities LLC Amended and Restated [Member]
Line of Credit Facility [Line Items]
Commitment fee	0.15%
Debt Instrument, Maturity Date	Feb. 2, 2019
5-Year Tranche [Member] | WellsFargoMerrillLynchPierceFennerSmithPNCCapitalMarketsCreditFacility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Interest Rate Description			LIBOR plus 1.30%
7-Year Tranche [Member] | WellsFargoMerrillLynchPierceFennerSmithPNCCapitalMarketsCreditFacility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Interest Rate Description			LIBOR plus 1.60%

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Interest Rate Swap [Member] | Using Significant Other Observable Inputs (Level 2) [Member]
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis
Derivative, Notional Amount	$ 197,000	$ 157,000
Fair Value, Measurements, Recurring [Member] | Using Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis
Available-for-sale real estate equity securities	179,328	175,127
Real estate related bonds	0	0
Total assets	179,328	175,127
Derivative interest rate instruments	0	0
Total liabilities	0	0
Fair Value, Measurements, Recurring [Member] | Using Significant Other Observable Inputs (Level 2) [Member]
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis
Available-for-sale real estate equity securities	0	0
Real estate related bonds	1,810	2,304
Total assets	1,810	2,304
Derivative interest rate instruments	(5,592)	(1,941)
Total liabilities	5,592	1,941
Fair Value, Measurements, Recurring [Member] | Using Significant Other Unobservable Inputs (Level 3) [Member]
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis
Available-for-sale real estate equity securities	0	0
Real estate related bonds	0	0
Total assets	0	0
Derivative interest rate instruments	0	0
Total liabilities	$ 0	$ 0

Fair Value Measurements (Deta42

Fair Value Measurements (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016		Mar. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impairment losses, investment properties	$ 8,390	[1]	$ 0
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impairment losses, investment properties	8,390		0
Total Asset Impairment Charges	8,390		0
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	39,150		0
Assets, Fair Value Disclosure	$ 39,150		$ 0
[1]	Total provision for asset impairment included $8,390 related to two retail assets.

Fair Value Measurements (Deta43

Fair Value Measurements (Details 2) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	$ 1,724,672	$ 1,774,221
Estimated fair value, mortgage and notes payable	1,729,686	1,789,464
Carrying Value Of Line Of Credit	310,000	110,000
Lines of Credit, Fair Value Disclosure	$ 310,000	$ 110,000

Fair Value Measurements (Deta44

Fair Value Measurements (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016		Mar. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Inputs, Discount Rate	4.85%
Provision for asset impairment	$ 8,390	[1]	$ 0
Provision for asset impairment for disposed properties	0		0
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Provision for asset impairment	$ 8,390		$ 0
[1]	Total provision for asset impairment included $8,390 related to two retail assets.

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Percentage of taxable income distributed to shareholders	90.00%
Income tax expense	$ 288	$ 929
Income Tax Expense (Benefit), Discontinued Operations		$ 2,169

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands		3 Months Ended
		Mar. 31, 2016USD ($)Properties		Mar. 31, 2015USD ($)		Dec. 31, 2015USD ($)
Summary of Net Property Operations Income by Segment
Rental income		$ 96,116		$ 89,723
Straight line adjustment		(768)		(63)
Tenant recovery income		15,881		17,916
Other property income		3,060		2,093
Total income		114,289		109,669
Operating expenses		30,713		30,388
Net operating income		83,576		79,281
Non allocated expenses		(55,798)	[1]	(59,972)	[2]
Other income and expenses		3,310	[3]	(17,690)	[4]
Equity in loss of unconsolidated entities		2,710	[5]	1,973
Provision for asset impairment		(8,390)	[6]	0
Net income from continuing operations		25,408		3,592
Net income from discontinued operations (d)		0		2,241	[7]
Less: net income attributable to noncontrolling interests		0		(8)
Net income attributable to Company		25,408		5,825
Total assets		4,343,976				$ 4,204,923
Real Estate Assets, Net	[8]	3,339,674
Non-Segmented Assets	[9]	1,004,302
Payments to Acquire Property, Plant, and Equipment		1,091
Student Housing [Member]
Summary of Net Property Operations Income by Segment
Rental income		25,179		17,777
Straight line adjustment		7		36
Tenant recovery income		187		177
Other property income		1,372		1,082
Total income		26,745		19,072
Operating expenses		8,983		6,473
Net operating income		17,762		12,599
Real Estate Assets, Net		915,784
Payments to Acquire Property, Plant, and Equipment		818
Non Core [Member]
Summary of Net Property Operations Income by Segment
Rental income		21,151		21,889
Straight line adjustment		(883)		(478)
Tenant recovery income		440		1,652
Other property income		238		76
Total income		20,946		23,139
Operating expenses		2,856		3,806
Net operating income		18,090		19,333
Real Estate Assets, Net		529,998
Payments to Acquire Property, Plant, and Equipment		0
Retail [Member]
Summary of Net Property Operations Income by Segment
Rental income		49,786		50,057
Straight line adjustment		108		379
Tenant recovery income		15,254		16,087
Other property income		1,450		935
Total income		66,598		67,458
Operating expenses		18,874		20,109
Net operating income		$ 47,724		$ 47,349
Provision for asset impairment, properties affected | Properties		2
Real Estate Assets, Net		$ 1,893,892
Payments to Acquire Property, Plant, and Equipment		$ 273
[1]	Non-allocated expenses consists of general and administrative expenses and depreciation and amortization.
[2]	Non-allocated expenses consists of general and administrative expenses, and depreciation and amortization.
[3]	Other income and expenses consists of gain on sale of investment properties, loss on extinguishment of debt, interest and dividend income, interest expense, other income, realized gain on sale of marketable securities, net, and income tax expense.
[4]	Other income and expenses consists of gain on sale of investment properties, loss on extinguishment of debt, interest and dividend income, interest expense, other income, realized gain on sale of marketable securities, net, and income tax expense.
[5]	Equity in earnings includes gain on investment in unconsolidated joint venture.
[6]	Total provision for asset impairment included $8,390 related to two retail assets.
[7]	Net income from discontinued operations primarily relates to the lodging properties included in the Xenia spin-off.
[8]	Real estate assets include intangible assets, net of amortization.
[9]	Construction in progress is included as non-segmented assets.

Segment Reporting (Details Text

Segment Reporting (Details Textual) - AT&T, Inc. [Member]	3 Months Ended
	Mar. 31, 2016Properties
Segment Reporting (Textual) [Abstract]
Percentage of rental revenue	15.00%
Number of leased properties	3

Earnings (loss) per Share and E

Earnings (loss) per Share and Equity Transactions Earnings (loss) per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net Income (Loss) Allocated to Common Stockholders [Abstract]
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest	$ 25,408	$ 3,592
Less: Dividends	28,023	54,585
Less: Net (income) attributable to noncontrolling interests	0	8
Undistributed Income (Loss) From Continuing Operations Allocated to Common Stockholders	(2,615)	(51,001)
Distributed and undistributed income (loss) from continuing operations - basic	25,408	3,584
Discontinued Operation, Income (Loss) from Discontinued Operation Disclosures [Abstract]
Net income from discontinued operations	$ 0	$ 2,241	[1]
Weighted Average Shares Outstanding [Abstract]
Weighted Average Number of Shares Outstanding, Basic	862,205,672	861,824,777
Effect of Unvested Restricted Stock Units	86,000	0
Weighted Average Number of Shares Outstanding, Diluted	862,291,672	861,824,777
Basic Income (Loss) per Share: [Abstract]
Income from continuing operations allocated to common shareholders per share	$ 0.03	$ 0
Income from discontinued operations allocated to common shareholders per share	0	0
Diluted Income (Loss) per Share: [Abstract]
Income from continuing operations allocated to common shareholders per share	0.03	0
Income from discontinued operations allocated to common shareholders per share	$ 0	$ 0
Accumulated Distributions in excess of Net Loss
Net Income (Loss) Allocated to Common Stockholders [Abstract]
Less: Dividends	$ 28,023	$ 54,585
[1]	Net income from discontinued operations primarily relates to the lodging properties included in the Xenia spin-off.

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - Restricted Stock Units (RSUs) [Member]	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at beginning of year | shares	951,555
Weighted Average Price at Grant, Beginning of year | $ / shares	$ 0
Restricted shares granted | shares	0
Weighted Average Price at Grant, Restricted shares granted | $ / shares	$ 0
Restricted shares vested | shares	0
Weighted Average Price at Grant, Restricted shares vested | $ / shares	$ 0
Restricted shares forfeited | shares	0
Weighted Average Price at Grant, Restricted shares forfeited | $ / shares	$ 0
Outstanding at end of year | shares	951,555
Weighted Average Price at Grant, End of year | $ / shares	$ 4

Stock-Based Compensation (Det50

Stock-Based Compensation (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense not yet recognized	$ 3,123
Stock-based compensation expense recognized	437	$ 0
2014 Retail Plan [Member] | Plan approved during 2014 [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense not yet recognized	6,733
2014 Student Housing Plan [Member] | Plan approved during 2014 [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense not yet recognized	1,735
2014 Student Housing Plan [Member] | During the year ended December 31, 2015 [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense not yet recognized	$ 2,086
2015 Incentive Award Plan [Member] | 2015 Incentive Award Plan approved on June 19, 2015 [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized	30,000,000
Shares available for future issuance	28,419,750

Subsequent Events (Details)

Subsequent Events (Details) $ in Thousands	Apr. 15, 2016USD ($)ft²	Apr. 01, 2016USD ($)ft²	May. 10, 2016Properties	Mar. 31, 2016USD ($)Properties	Mar. 31, 2015Properties	Apr. 28, 2016USD ($)	Dec. 31, 2015USD ($)
Subsequent Event [Line Items]
Number of Businesses Acquired | Properties				0	0
Disposal Group, Including Discontinued Operation, Liabilities				$ 0			$ 57
Retail [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Number of Businesses Acquired | Properties			3
Shops at Galleria Houston, TX [Member] | Retail [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Number of Units in Real Estate Property | ft²		538,000
Gross Acquisition Price		$ 132,000
Renaissance Center Durham, NC [Member] | Retail [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Number of Units in Real Estate Property | ft²		363,000
Gross Acquisition Price		$ 129,200
Stevenson Ranch, Stevenson Ranch, CA [Member] | Retail [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Number of Units in Real Estate Property | ft²	187,000
Gross Acquisition Price	$ 72,500
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff [Member] | Spin-Off of Highlands REIT Inc. [Member]
Subsequent Event [Line Items]
Disposal Group, Including Discontinued Operation, Assets						$ 660,000
Disposal Group, Including Discontinued Operation, Liabilities						$ 435,000