KBS Real Estate Investment Trust 10-K 16 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information Document - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 14, 2016	Jun. 30, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	KBS Real Estate Investment Trust, Inc.
Entity Central Index Key	1,330,622
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		186,191,379
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 0

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Real estate held for investment:
Land	$ 236,034	$ 241,664
Buildings and improvements	716,829	764,010
Tenant origination and absorption costs	61,708	67,646
Total real estate held for investment, at cost and net of impairment charges	1,014,571	1,073,320
Less accumulated depreciation and amortization	(161,243)	(162,814)
Total real estate held for investment, net	853,328	910,506
Real estate held for sale, net	7,552	208,005
Foreclosed real estate held for sale	0	12,045
Total real estate, net	860,880	1,130,556
Real estate loans receivable, net	27,281	28,922
Total real estate and real estate-related investments, net	888,161	1,159,478
Cash and cash equivalents	46,605	58,675
Restricted cash	39,874	62,755
Rents and other receivables, net	37,388	37,210
Above-market leases, net	17,896	21,643
Assets related to real estate held for sale	110	10,783
Prepaid expenses and other assets, net	24,831	23,594
Total assets	1,054,865	1,374,138
Notes payable:
Notes payable, net	428,222	542,645
Notes payable related to real estate held for sale, net	0	113,424
Total notes payable, net	428,222	656,069
Accounts payable and accrued liabilities	19,152	22,579
Due to affiliates	68	444
Distributions payable	0	4,699
Below-market leases, net	25,863	35,314
Liabilities related to real estate held for sale	939	6,578
Other liabilities	50,958	35,682
Total liabilities	525,202	$ 761,365
Commitments and contingencies (Note 14)
Redeemable common stock	10,000	$ 10,000
Stockholders’ equity
Preferred stock, $.01 par value; 10,000,000 shares authorized, no shares issued and outstanding	0	0
Common stock, $.01 par value; 1,000,000,000 shares authorized, 186,414,147 and 187,845,515 shares issued and outstanding as of December 31, 2015 and December 31, 2014, respectively	1,864	1,879
Additional paid-in capital	1,656,137	1,662,483
Cumulative distributions and net losses	(1,138,338)	(1,061,589)
Total stockholders’ equity	519,663	602,773
Total liabilities and stockholders’ equity	$ 1,054,865	$ 1,374,138

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	186,414,147	187,845,515
Common stock, shares outstanding	186,414,147	187,845,515

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues:
Rental income	$ 135,117	$ 151,351	$ 160,014
Tenant reimbursements	47,217	54,366	51,306
Interest income from real estate loans receivable	3,089	3,077	3,258
Parking revenues and other operating income	2,797	3,671	3,726
Total revenues	188,220	212,465	218,304
Expenses:
Operating, maintenance, and management	75,034	84,288	86,204
Real estate taxes, property-related taxes, and insurance	23,696	27,243	28,989
Asset management fees to affiliate	9,547	9,975	10,110
General and administrative expenses	32,619	18,788	17,861
Depreciation and amortization	59,145	71,613	75,745
Interest expense	29,517	45,923	61,682
Impairment charges on real estate	49,306	10,117	40,190
Provision for loan losses	2,504	1,973	0
Total expenses	281,368	269,920	320,781
Other income
Gain on sales of real estate securities (includes $4.5 million and $10.6 million of unrealized gains reclassified from accumulated other comprehensive income during the years ended December 31, 2014 and 2013, respectively)	0	4,410	10,470
Gain on sales of real estate, net	99,988	2,282	0
Gain on sales of foreclosed real estate held for sale	2,509	1,108	378
(Loss) gain from extinguishment of debt	(22,518)	21,328	0
Other interest income	605	535	658
Other income	789	403	2,731
Total other income	81,373	30,066	14,237
Loss from continuing operations	(11,775)	(27,389)	(88,240)
Discontinued operations:
Gain on sales of real estate, net	124	4,797	47,997
Income from discontinued operations	264	1,583	2,723
Impairment charges on discontinued operations	0	(257)	(8,975)
Total income from discontinued operations	388	6,123	41,745
Net loss	$ (11,387)	$ (21,266)	$ (46,495)
Basic and diluted income (loss) per common share:
Continuing operations (in dollars per share)	$ (0.06)	$ (0.14)	$ (0.46)
Discontinued operations (in dollars per share)	0	0.03	0.22
Net loss per common share (in dollars per share)	$ (0.06)	$ (0.11)	$ (0.24)
Weighted-average number of common shares outstanding, basic and diluted	187,219,590	188,891,977	190,454,153

CONSOLIDATED STATEMENTS OF OPE5

CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Statement [Abstract]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	$ 0	$ 4,452	$ 10,609

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement of Comprehensive Income [Abstract]
Net loss	$ (11,387)	$ (21,266)	$ (46,495)
Other comprehensive (loss) income
Unrealized change in market value of real estate securities	0	(100)	13,867
Reclassification of realized gain on real estate securities	0	(4,452)	(10,609)
Unrealized gains on derivative instruments	0	0	114
Total other comprehensive (loss) income	0	(4,552)	3,372
Total comprehensive loss	$ (11,387)	$ (25,818)	$ (43,123)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Cumulative Distributions and Net Income (Loss)	Accumulated Other Comprehensive Income (Loss)
Balance, shares at Dec. 31, 2012		191,061,016
Balance, value at Dec. 31, 2012	$ 771,415	$ 1,911	$ 1,677,725	$ (909,401)	$ 1,180
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(46,495)			(46,495)
Other comprehensive income (loss)	3,372				3,372
Redemptions of common stock, shares		(1,444,315)
Redemptions of common stock, value	(7,384)	$ (15)	(7,369)
Distributions declared	(75,015)			(75,015)
Balance, shares at Dec. 31, 2013		189,616,701
Balance, value at Dec. 31, 2013	645,893	$ 1,896	1,670,356	(1,030,911)	4,552
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(21,266)			(21,266)
Other comprehensive income (loss)	(4,552)				(4,552)
Redemptions of common stock, shares		(1,771,186)
Redemptions of common stock, value	(7,890)	$ (17)	(7,873)
Distributions declared	$ (9,412)			(9,412)
Balance, shares at Dec. 31, 2014	187,845,515	187,845,515
Balance, value at Dec. 31, 2014	$ 602,773	$ 1,879	1,662,483	(1,061,589)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(11,387)			(11,387)
Other comprehensive income (loss)	0
Redemptions of common stock, shares		(1,431,368)
Redemptions of common stock, value	(6,361)	$ (15)	(6,346)
Distributions declared	$ (65,362)			(65,362)
Balance, shares at Dec. 31, 2015	186,414,147	186,414,147
Balance, value at Dec. 31, 2015	$ 519,663	$ 1,864	$ 1,656,137	$ (1,138,338)	$ 0

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash Flows from Operating Activities:
Net loss	$ (11,387)	$ (21,266)	$ (46,495)
Depreciation and amortization
Continuing operations	59,145	71,613	75,745
Discontinued operations	0	0	6,514
Impairment charges on real estate - continuing operations	49,306	10,117	40,190
Impairment charges on real estate - discontinued operations	0	257	8,975
Noncash interest income on real estate-related investments	(1,016)	(975)	(1,009)
Change in provision for loan losses	2,504	1,973	0
Deferred rent	(2,539)	(3,351)	(4,095)
Bad debt (recovery) expense	(320)	683	2,490
Amortization of deferred financing costs	1,873	1,581	1,216
Deferred interest payable	0	637	2,184
Amortization of above- and below-market leases, net	(7,192)	(9,040)	(11,212)
Gain on sales of foreclosed real estate held for sale	(2,509)	(1,108)	(378)
Gain on sales of real estate, net	(100,112)	(7,079)	(47,997)
Gain on sales of real estate securities	0	(4,410)	(10,470)
Loss (gain) on extinguishment of debt	22,518	(21,328)	0
Amortization of discounts and premiums on notes payable, net	1,333	3,371	4,198
Changes in operating assets and liabilities:
Restricted cash for operational expenditures	16,521	23,222	4,177
Rents and other receivables	298	(4,876)	6,586
Prepaid expenses and other assets	(6,651)	(7,241)	(5,714)
Accounts payable and accrued liabilities	(1,326)	(8,508)	(6,076)
Due to affiliates	23	45	(104)
Other liabilities	15,483	2,170	(9,219)
Net cash provided by operating activities	35,952	26,487	9,506
Cash Flows from Investing Activities:
Acquisition of real estate	(2,297)	0	0
Improvements to real estate	(38,233)	(27,377)	(20,359)
Proceeds from sales of real estate, net	301,833	93,335	183,379
Proceeds from sales of foreclosed real estate held for sale	14,155	8,861	7,589
Principal repayments on real estate loans receivable	153	127	87
Proceeds from sale of real estate securities	0	7,831	22,166
Net change in restricted cash for capital expenditures	4,281	1,950	3,941
Payment of contingent consideration related to the GKK Properties	0	0	(12,000)
Net cash provided by investing activities	279,892	84,727	184,803
Cash Flows from Financing Activities:
Proceeds from notes payable	0	42,500	185,634
Principal payments on notes payable	(146,094)	(293,367)	(343,498)
Prepayment premium on the repayment of debt	(6,643)	0	0
Net change in restricted cash for debt service obligations	2,079	1,271	3,729
Payments of deferred financing costs	(294)	(1,731)	(962)
Purchase of treasury securities in connection with defeasance of notes payable	(100,540)	0	0
Payments to redeem common stock	(6,361)	(7,890)	(7,384)
Distributions paid to common stockholders	(70,061)	(4,713)	(75,015)
Net cash used in financing activities	(327,914)	(263,930)	(237,496)
Net decrease in cash and cash equivalents	(12,070)	(152,716)	(43,187)
Cash and cash equivalents, beginning of period	58,675	211,391	254,578
Cash and cash equivalents, end of period	$ 46,605	$ 58,675	$ 211,391

ORGANIZATION

ORGANIZATION	12 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION KBS Real Estate Investment Trust, Inc. (the “Company”) was formed on June 13, 2005 as a Maryland corporation and has elected to be taxed as a real estate investment trust (“REIT”). Substantially all of the Company’s assets are held by, and the Company conducts substantially all of its operations through, KBS Limited Partnership, a Delaware limited partnership (the “Operating Partnership”), and its subsidiaries. The Company is the sole general partner of and directly owns a 99% partnership interest in the Operating Partnership. The Company’s wholly owned subsidiary, KBS REIT Holdings LLC, a Delaware limited liability company (“KBS REIT Holdings”), owns the remaining 1% partnership interest in the Operating Partnership and is its sole limited partner. The Company invested in a diverse portfolio of real estate and real estate-related investments. As of December 31, 2015 , the Company owned or, with respect to a limited number of properties, held a leasehold interest in, 364 real estate properties (of which eight properties were held for sale), including the GKK Properties (defined below). In addition, as of December 31, 2015 , the Company owned four real estate loans receivable and a participation interest with respect to a real estate joint venture. On September 1, 2011, the Company, through indirect wholly owned subsidiaries (collectively, “KBS”), entered into a Collateral Transfer and Settlement Agreement (the “Settlement Agreement”) with, among other parties, GKK Stars Acquisition LLC (“GKK Stars”), the wholly owned subsidiary of Gramercy Property Trust, Inc. (“Gramercy”) that indirectly owned the Gramercy real estate portfolio, to effect the orderly transfer of certain assets and liabilities of the Gramercy real estate portfolio to KBS in satisfaction of certain debt obligations under a mezzanine loan owed by wholly owned subsidiaries of Gramercy to KBS (the “GKK Mezzanine Loan”). The Settlement Agreement resulted in the transfer of the equity interests in certain subsidiaries of Gramercy (the “Equity Interests”) that indirectly owned or, with respect to a limited number of properties, held a leasehold interest in, 867 properties (the “GKK Properties”), consisting of 576 bank branch properties and 291 office buildings, operations centers and other properties. As of December 15, 2011, GKK Stars had transferred all of the Equity Interests to the Company, giving the Company title to or, with respect to a limited number of GKK Properties, a leasehold interest in, 867 GKK Properties as of that date. Subject to certain restrictions and limitations, the business of the Company is managed by KBS Capital Advisors LLC (the “Advisor”), an affiliate of the Company, pursuant to an advisory agreement with the Company (the “Advisory Agreement”) in effect through November 8, 2016. The Advisory Agreement may be renewed for an unlimited number of one-year periods upon the mutual consent of the Advisor and the Company. Either party may terminate the Advisory Agreement upon 60 days written notice. The Advisor owns 20,000 shares of the Company’s common stock. Upon commencing its initial public offering (the “Offering”), the Company retained KBS Capital Markets Group LLC (the “Dealer Manager”), an affiliate of the Advisor, to serve as the dealer manager of the Offering pursuant to a dealer manager agreement dated January 27, 2006 (the “Dealer Manager Agreement”). The Company ceased offering shares of common stock in its primary offering on May 30, 2008. The Company terminated its dividend reinvestment plan effective April 10, 2012. The Company sold 171,109,494 shares of common stock in its primary offering for gross offering proceeds of $1.7 billion . The Company sold 28,306,086 shares of common stock under its dividend reinvestment plan for gross offering proceeds of $233.7 million . As of December 31, 2015 , the Company had redeemed 13,021,433 of the shares sold in the Offering for $91.8 million . Asset Management Services Agreement Related to the GKK Properties On December 19, 2013, the Company, through an indirect wholly owned subsidiary (“KBS Acquisition Sub”), entered into an amended and restated asset management services agreement (the “Amended Services Agreement”) with GKK Realty Advisors LLC (the “Property Manager”), an affiliate of Gramercy, with respect to the GKK Properties. The effective date of the Amended Services Agreement was December 1, 2013. Pursuant to the Amended Services Agreement, the Property Manager agreed to provide, among other services: standard asset management services, assistance related to dispositions, accounting services and budgeting and business plans for the GKK Properties (the “Services”). The Property Manager is not affiliated with the Company or KBS Acquisition Sub. As compensation for the Services, the Company agreed to pay the Property Manager: (i) an annual fee of $7.5 million plus all GKK Property-related expenses incurred by the Property Manager, (ii) subject to certain terms and conditions in the Amended Services Agreement, a profit participation interest based on a percentage (ranging from 10% to 30% ) of the amount by which the gross fair market value or gross sales price of certain identified portfolios of GKK Properties exceeds the sum of (a) an agreed-upon baseline value for such GKK Property portfolios plus (b) new capital expended to increase the value of GKK Properties within the portfolios and expenditures made to pay for tenant improvements and leasing commissions related to these GKK Properties as of the measurement date, and (iii) a monthly construction oversight fee equal to a percentage of construction costs for certain construction projects at the GKK Properties overseen by the Property Manager. As of December 31, 2015 , the Company accrued $21.7 million of estimated profit participation interest related to the GKK Properties under the Amended Services Agreement. The Amended Services Agreement will terminate on December 31, 2016, with a one -year extension option at the Company’s option, subject to certain terms and conditions contained in the Amended Services Agreement. The Amended Services Agreement supersedes and replaces all prior agreements related to the Services among the Company and its affiliates and the Property Manager and its affiliates.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation and Basis of Presentation The consolidated financial statements include the accounts of the Company, KBS REIT Holdings, the Operating Partnership, their direct and indirect wholly owned subsidiaries, and joint ventures the Company controls or for which it is the primary beneficiary, as well as the related amounts of noncontrolling interests. All significant intercompany balances and transactions are eliminated in consolidation. The Company evaluates the need to consolidate joint ventures and consolidates joint ventures that it determines to be variable interest entities for which it is the primary beneficiary. The Company also consolidates joint ventures that are not determined to be variable interest entities, but for which it exercises control over major operating decisions through substantive participation rights, such as approval of budgets, selection of property managers, asset management, investment activity and changes in financing. The consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) and the rules and regulations of the Securities and Exchange Commission (“SEC”). Use of Estimates The preparation of the consolidated financial statements and the accompanying notes thereto in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could materially differ from those estimates. Reclassifications Certain amounts in the Company’s prior period consolidated financial statements have been reclassified to conform to the current period presentation. These reclassifications have not changed the results of operations of prior periods. The Company early adopted ASU No. 2014-08 (defined below) for the reporting period beginning January 1, 2014. During the year ended December 31, 2015 , the Company sold 34 properties (of which 31 were GKK Properties), two of which were held for sale as of December 31, 2014. Additionally, the Company had classified eight properties as held for sale, all of which were GKK Properties, as of December 31, 2015 . As a result, certain assets and liabilities were reclassified to held for sale on the consolidated balance sheets for all periods presented. Operating results of properties that were classified as held for sale in financial statements issued for the reporting periods prior to January 1, 2014 will remain in discontinued operations on the Company’s consolidated statements of operations. Operating results of properties that were disposed of or classified as held for sale in the ordinary course of business subsequent to January 1, 2014 that had not been classified as held for sale in financial statements issued for the reporting periods prior to January 1, 2014 are included in continuing operations on the Company’s consolidated statements of operations. During the year ended December 31, 2015 , the Company elected to early adopt ASU No. 2015-03 (defined below). As a result, the Company has reclassified debt issuance costs associated with a debt liability from prepaid expenses and other assets to notes payable, net on the consolidated balance sheets for all periods presented. Revenue Recognition Real Estate The Company recognizes minimum rent, including rental abatements, lease incentives and contractual fixed increases attributable to operating leases, on a straight-line basis over the term of the related leases when collectibility is reasonably assured and records amounts expected to be received in later years as deferred rent receivable. If the lease provides for tenant improvements, the Company determines whether the tenant improvements, for accounting purposes, are owned by the tenant or the Company. When the Company is the owner of the tenant improvements, the tenant is not considered to have taken physical possession or have control of the physical use of the leased asset until the tenant improvements are substantially completed. When the tenant is the owner of the tenant improvements, any tenant improvement allowance (including amounts that the tenant can take in the form of cash or a credit against its rent) that is funded is treated as a lease incentive and amortized as a reduction of revenue over the lease term. Tenant improvement ownership is determined based on various factors including, but not limited to: • whether the lease stipulates how a tenant improvement allowance may be spent; • whether the amount of a tenant improvement allowance is in excess of market rates; • whether the tenant or landlord retains legal title to the improvements at the end of the lease term; • whether the tenant improvements are unique to the tenant or general-purpose in nature; and • whether the tenant improvements are expected to have any residual value at the end of the lease. The Company records property operating expense reimbursements due from tenants for common area maintenance, real estate taxes, and other recoverable costs in the period the related expenses are incurred. The Company makes estimates of the collectibility of its tenant receivables related to base rents, including deferred rent receivable, expense reimbursements and other revenue or income. Management specifically analyzes accounts receivable, deferred rent receivable, historical bad debts, customer creditworthiness, current economic trends and changes in customer payment terms when evaluating the adequacy of the allowance for doubtful accounts. In addition, with respect to tenants in bankruptcy, management makes estimates of the expected recovery of pre-petition and post-petition claims in assessing the estimated collectibility of the related receivable. In some cases, the ultimate resolution of these claims can exceed one year. When a tenant is in bankruptcy, the Company will record a bad debt reserve for the tenant’s receivable balance and generally will not recognize subsequent rental revenue until cash is received or until the tenant is no longer in bankruptcy and has the ability to make rental payments. Real Estate Loans Receivable Interest income on the Company’s real estate loans receivable is recognized on an accrual basis over the life of the investment using the interest method. Direct loan origination fees and origination or acquisition costs, as well as acquisition premiums or discounts, are amortized over the term of the loan as an adjustment to interest income. The Company places loans on nonaccrual status when any portion of principal or interest is 90 days past due, or earlier when concern exists as to the ultimate collection of principal or interest. When a loan is placed on nonaccrual status, the Company reserves for any unpaid accrued interest and generally does not recognize subsequent interest income until cash is received, or the loan returns to accrual status. The Company will resume the accrual of interest if it determines the collection of interest, according to the contractual terms of the loan, is probable. The Company generally recognizes income on impaired loans on either a cash basis, where interest income is only recorded when received in cash, or on a cost-recovery basis, where all cash receipts are applied against the carrying value of the loan. The Company considers the collectibility of the loan’s principal balance in determining whether to recognize income on impaired loans on a cash basis or a cost-recovery basis. Real Estate Securities The Company recognizes interest income on real estate securities that are beneficial interests in securitized financial assets and are rated “AA” and above on an accrual basis according to the contractual terms of the securities. Discounts or premiums are amortized to interest income over the life of the investment using the interest method. The Company recognizes interest income on real estate securities that are beneficial interests in securitized financial assets that are rated below “AA” using the effective yield method, which requires the Company to periodically project estimated cash flows related to these securities and recognize interest income at an interest rate equivalent to the estimated yield on the security, as calculated using the security’s estimated cash flows and amortized cost basis, or reference amount. Changes in the estimated cash flows are recognized through an adjustment to the yield on the security on a prospective basis. Projecting cash flows for these types of securities requires significant judgment, which may have a significant impact on the timing of revenue recognized on these investments. Cash and Cash Equivalents The Company recognizes interest income on its cash and cash equivalents as it is earned and classifies such amounts as other interest income. Real Estate Depreciation and Amortization Real estate costs related to the acquisition and improvement of properties are capitalized and amortized over the expected useful life of the asset on a straight-line basis. Repair and maintenance costs are charged to expense as incurred and significant replacements and betterments are capitalized. Repair and maintenance costs include all costs that do not extend the useful life of the real estate asset. The Company considers the period of future benefit of an asset to determine its appropriate useful life. Expenditures for tenant improvements are capitalized and amortized over the shorter of the tenant’s lease term or expected useful life. The Company anticipates the estimated useful lives of its assets by class to be generally as follows: Buildings 15 - 40 years Building improvements 10 - 25 years Tenant improvements Shorter of lease term or expected useful life Tenant origination and absorption costs Remaining term of related leases, including below-market renewal periods Real Estate Acquisition Valuation The Company records the acquisition of income-producing real estate or real estate that will be used for the production of income as a business combination. All assets acquired and liabilities assumed in a business combination are measured at their acquisition-date fair values. Acquisition costs are expensed as incurred and restructuring costs that do not meet the definition of a liability at the acquisition date are expensed in periods subsequent to the acquisition date. The Company assesses the acquisition date fair values of all tangible assets, identifiable intangibles and assumed liabilities using methods similar to those used by independent appraisers, generally utilizing a discounted cash flow analysis that applies appropriate discount and/or capitalization rates and available market information. Estimates of future cash flows are based on a number of factors, including historical operating results, known and anticipated trends, and market and economic conditions. The fair value of tangible assets of an acquired property considers the value of the property as if it were vacant. The Company records above-market and below-market in-place lease values for acquired properties based on the present value (using a discount rate that reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) management’s estimate of fair market lease rates for the corresponding in-place leases, measured over a period equal to the remaining non-cancelable term of above-market in-place leases and for the initial term plus any extended term for any leases with below-market renewal options. The Company amortizes any recorded above-market or below-market lease values as a reduction or increase, respectively, to rental income over the remaining non-cancelable terms of the respective lease, including any below-market renewal periods. The Company estimates the value of tenant origination and absorption costs by considering the estimated carrying costs during hypothetical expected lease up periods, considering current market conditions. In estimating carrying costs, the Company includes real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the expected lease up periods. The Company amortizes the value of tenant origination and absorption costs to depreciation and amortization expense over the remaining non-cancelable term of the leases. Estimates of the fair values of the tangible assets, identifiable intangibles and assumed liabilities require the Company to make significant assumptions to estimate market lease rates, property-operating expenses, carrying costs during lease-up periods, discount rates, market absorption periods, and the number of years the property will be held for investment. The use of inappropriate assumptions would result in an incorrect valuation of the Company’s acquired tangible assets, identifiable intangibles and assumed liabilities, which would impact the amount of the Company’s net income. Impairment of Real Estate and Related Intangible Assets and Liabilities The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of its real estate and related intangible assets and liabilities may not be recoverable or realized. When indicators of potential impairment suggest that the carrying value of real estate and related intangible assets and liabilities may not be recoverable, the Company assesses the recoverability by estimating whether the Company will recover the carrying value of the real estate and related intangible assets and liabilities through its undiscounted future cash flows and its eventual disposition. If, based on this analysis, the Company does not believe that it will be able to recover the carrying value of the real estate and related intangible assets and liabilities, the Company would record an impairment loss to the extent that the carrying value exceeds the estimated fair value of the real estate and related intangible assets and liabilities. Real Estate Held for Sale and Discontinued Operations The Company generally considers non-foreclosed real estate to be “held for sale” when the following criteria are met: (i) management commits to a plan to sell the property, (ii) the property is available for sale immediately, (iii) the property is actively being marketed for sale at a price that is reasonable in relation to its current fair value, (iv) the sale of the property within one year is considered probable and (v) significant changes to the plan to sell are not expected. Real estate that is held for sale and its related assets are classified as “real estate held for sale” and “assets related to real estate held for sale,” respectively, for all periods presented in the accompanying consolidated financial statements. Notes payable and other liabilities related to real estate held for sale are classified as “notes payable related to real estate held for sale” and “liabilities related to real estate held for sale,” respectively, for all periods presented in the accompanying consolidated financial statements. Real estate classified as held for sale is no longer depreciated and is reported at the lower of its carrying value or its estimated fair value less estimated costs to sell. Additionally, with respect to properties that were classified as held for sale in financial statements prior to January 1, 2014, the Company records the operating results and gains on sale as discontinued operations for all periods presented if the operations have been or are expected to be eliminated and the Company will not have any significant continuing involvement in the operations of the property following the sale. Operating results of properties and gains on sale that were disposed of or classified as held for sale in the ordinary course of business during the years ended December 31, 2015 and 2014 that had not been classified as held for sale in financial statements prior to January 1, 2014 are included in continuing operations on the Company’s consolidated statements of operations. Change in a Plan to Sell When real estate is initially considered “held for sale” it is measured at the lower of its depreciated book value, or estimated fair value less estimated costs to sell. Changes in the market may compel the Company to decide to reclassify a property that was designated as held for sale to held for investment. A property that is reclassified from held for sale to held for investment or non-sale disposition is measured and recorded individually at the lower of (i) its carrying amount before the property was classified as held for sale, adjusted for any depreciation and amortization expense that would have been recognized had the property been continuously classified as held and used, or (ii) its fair value at the date of the subsequent decision not to sell. Any adjustment to the carrying amount of the property as a result of the reclassification is included in income from continuing operations as an impairment charge on real estate held for investment. Real Estate Held for Non-Sale Disposition The Company considers real estate assets that do not meet the criteria to be classified as held for sale but are expected to be disposed of other than by sale as real estate held for non-sale disposition. The assets and liabilities related to real estate held for non-sale disposition are included in the Company’s consolidated balance sheets and the results of operations are presented as part of continuing operations in the Company’s consolidated statements of operations for all periods presented. With respect to properties that were disposed of other than by sale prior to January 1, 2014, the Company records the operating results as discontinued operations for all periods presented. Operating results of properties that were disposed of other than by sale during the year ended December 31, 2014 are included in continuing operations on the Company’s consolidated statements of operations. The Company did not dispose of any properties other than by sale during the year ended December 31, 2015. Foreclosed Real Estate Held for Sale Foreclosed real estate held for sale consists of properties to which the Company has received title through foreclosure or by deed-in-lieu of foreclosure in full or partial satisfaction of non-performing loans that the Company intends to market for sale in the near term. Foreclosed real estate held for sale is initially recorded at the estimated fair value of the real estate less estimated costs to sell, or the fair value of the loan satisfied if more clearly evident. The excess of the carrying value of the loan over the fair value of the property less estimated costs to sell, if any, is charged-off against the reserve for loan losses when title to the property is obtained. Costs of holding the property are expensed as incurred in the Company’s consolidated statements of operations. The gain or loss on final disposition of foreclosed real estate held for sale is recorded as other income and is considered income (loss) from continuing operations as it represents the final stage of the Company’s loan collection process. Real Estate Loans Receivable The Company’s real estate loans receivable are recorded at amortized cost, net of loan loss reserves, and evaluated for impairment at each balance sheet date. The amortized cost of a real estate loan receivable is the outstanding unpaid principal balance, net of unamortized acquisition premiums or discounts and unamortized costs and fees directly associated with the origination or acquisition of the loan. The reserve for loan losses is a valuation allowance that reflects management’s estimate of loan losses inherent in the loan portfolio as of the balance sheet date. The reserve is adjusted through “Provision for loan losses” on the Company’s consolidated statements of operations and is decreased by charge-offs to specific loans when losses are confirmed. The reserve for loan losses includes a portfolio-based component and an asset-specific component. An asset-specific reserve relates to reserves for losses on loans considered impaired. The Company considers a loan to be impaired when, based upon current information and events, it believes that it is probable that the Company will be unable to collect all amounts due under the contractual terms of the loan agreement. The Company also considers a loan to be impaired if it grants the borrower a concession through a modification of the loan terms or if it expects to receive assets (including equity interests in the borrower) with fair values that are less than the carrying value of the loan in satisfaction of the loan. A reserve is established when the present value of payments expected to be received, observable market prices, the estimated fair value of the collateral (for loans that are dependent on the collateral for repayment) or amounts expected to be received in satisfaction of a loan are lower than the carrying value of that loan. A portfolio-based reserve covers the pool of loans that do not have asset-specific reserves. A provision for loan losses is recorded when available information as of each balance sheet date indicates that it is probable that a loss occurred in the pool of loans and the amount of the loss can be reasonably estimated, but the Company does not know which specific loans within the pool will ultimately result in losses. Required reserve balances for this pool of loans are derived from estimated probabilities of default and estimated loss severities assuming a default occurs. On a quarterly basis, the Company’s management assigns estimated probabilities of default and loss severities to each loan in the portfolio based on factors such as the debt service coverage of the underlying collateral, the estimated fair value of the collateral, the significance of the borrower’s investment in the collateral, the financial condition of the borrower and/or its sponsors, the likelihood that the borrower and/or its sponsors would allow the loan to default, the Company’s willingness and ability to step in as owner in the event of default, and other pertinent factors. Failure to recognize impairments would result in the overstatement of earnings and the carrying value of the Company’s real estate loans receivable. Actual losses, if any, could differ significantly from estimated amounts. Participation Interest in an Unconsolidated Joint Venture The Company holds a participation interest with respect to a real estate joint venture. The carrying value of this participation interest as of December 31, 2015 and 2014 was $0 and the Company did not record any income or losses with respect to this participation interest during the years ended December 31, 2015 , 2014 and 2013 . Cash and Cash Equivalents The Company considers all short-term (with an original maturity of three months or less), highly-liquid investments utilized as part of the Company’s cash-management activities to be cash equivalents. Cash equivalents may include cash and short-term investments. Short-term investments are stated at cost, which approximates fair value. The Company’s cash and cash equivalents balance exceeded federally insurable limits as of December 31, 2015 . The Company monitors the cash balances in its operating accounts and adjusts the cash balances as appropriate; however, these cash balances could be impacted if the underlying financial institutions fail or are subject to other adverse conditions in the financial markets. To date, the Company has experienced no loss or lack of access to cash in its operating accounts. Restricted Cash Restricted cash is comprised of lender impound reserve accounts on the Company’s borrowings for security deposits, property taxes, insurance, rent from master lease, letters of credit, debt service obligations and capital improvements and replacements. Rents and Other Receivables The Company periodically evaluates the collectibility of amounts due from tenants and maintains an allowance for doubtful accounts for estimated losses resulting from the inability of tenants to make required payments under lease agreements. In addition, the Company maintains an allowance for deferred rent receivable that arises from the straight-lining of rents. The Company exercises judgment in establishing these allowances and considers payment history and current credit status of its tenants in developing these estimates. Deferred Financing Costs Deferred financing costs represent commitment fees, loan fees, legal fees and other third-party costs associated with obtaining financing and are presented on the balance sheet as a direct deduction from the carrying value of the associated debt liabilities. These costs are amortized over the terms of the respective financing agreements using the interest method. Unamortized deferred financing costs are generally expensed when the associated debt is refinanced or repaid before maturity unless specific rules are met that would allow for the carryover of such costs to the refinanced debt. Deferred financing costs incurred before an associated debt liability is recognized are included in prepaid and other assets on the balance sheet. Costs incurred in seeking financing transactions that do not close are expensed in the period in which it is determined that the financing will not close. Fair Value Measurements Under GAAP, the Company is required to measure certain financial instruments at fair value on a recurring basis. In addition, the Company is required to measure other financial instruments and balances at fair value on a non-recurring basis (e.g., carrying value of impaired real estate loans receivable and long-lived assets). Fair value is defined as the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The GAAP fair value framework uses a three-tiered approach. Fair value measurements are classified and disclosed in one of the following three categories: • Level 1: unadjusted quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities; • Level 2: quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-derived valuations in which significant inputs and significant value drivers are observable in active markets; and • Level 3: prices or valuation techniques where little or no market data is available that requires inputs that are both significant to the fair value measurement and unobservable. When available, the Company utilizes quoted market prices from independent third-party sources to determine fair value and classifies such items in Level 1 or Level 2. In instances where the market for a financial instrument is not active, regardless of the availability of a nonbinding quoted market price, observable inputs might not be relevant and could require the Company to make a significant adjustment to derive a fair value measurement. Additionally, in an inactive market, a market price quoted from an independent third party may rely more on models with inputs based on information available only to that independent third party. When the Company determines the market for a financial instrument owned by the Company to be illiquid or when market transactions for similar instruments do not appear orderly, the Company uses several valuation sources (including internal valuations, discounted cash flow analysis and quoted market prices) and establishes a fair value by assigning weights to the various valuation sources. Additionally, when determining the fair value of a liability in circumstances in which a quoted price in an active market for an identical liability is not available, the Company measures fair value using (i) a valuation technique that uses the quoted price of the identical liability when traded as an asset or quoted prices for similar liabilities when traded as assets or (ii) another valuation technique that is consistent with the principles of fair value measurement, such as the income approach or the market approach. Changes in assumptions or estimation methodologies can have a material effect on these estimated fair values. In this regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, may not be realized in an immediate settlement of the instrument. The Company considers the following factors to be indicators of an inactive market: (i) there are few recent transactions, (ii) price quotations are not based on current information, (iii) price quotations vary substantially either over time or among market makers (for example, some brokered markets), (iv) indexes that previously were highly correlated with the fair values of the asset or liability are demonstrably uncorrelated with recent indications of fair value for that asset or liability, (v) there is a significant increase in implied liquidity risk premiums, yields, or performance indicators (such as delinquency rates or loss severities) for observed transactions or quoted prices when compared with the Company’s estimate of expected cash flows, considering all available market data about credit and other nonperformance risk for the asset or liability, (vi) there is a wide bid-ask spread or significant increase in the bid-ask spread, (vii) there is a significant decline or absence of a market for new issuances (that is, a primary market) for the asset or liability or similar assets or liabilities, and (viii) little information is released publicly (for example, a principal-to-principal market). The Company considers the following factors to be indicators of non-orderly transactions: (i) there was not adequate exposure to the market for a period before the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets or liabilities under current market conditions, (ii) there was a usual and customary marketing period, but the seller marketed the asset or liability to a single market participant, (iii) the seller is in or near bankruptcy or receivership (that is, distressed), or the seller was required to sell to meet regulatory or legal requirements (that is, forced), and (iv) the transaction price is an outlier when compared with other recent transactions for the same or similar assets or liabilities. Share Redemption Program The Company has a share redemption program pursuant to which stockholders may sell their shares to the Company only in connection with a stockholder’s death, “qualifying disability” or “determination of incompetence” (each as defined in the share redemption program and together with redemptions sought in connection with a stockholder’s death, “special redemptions”). Such redemptions are subject to an annual dollar limitation and are further subject to the other limitations described in the share redemption program, including: • During each calendar year, special redemptions are limited to an annual amount determined by the board of directors. The annual dollar limitation for special redemptions may be reviewed and adjusted from time to time during the year. The dollar limitation for calendar year 2015 was $ 10.0 million in the aggregate. On December 8, 2015, the Company’s board of directors approved an annual dollar limitation of $ 10.0 million in the aggregate for the calendar year 2016 (subject to review and adjustment during the year by the board of directors), and further subject to the limitations described in the share redemption program. • During any calendar year, the Company may redeem no more than 5% of the weighted-average number of shares outstanding during the prior calendar year. • The Company has no obligation to redeem shares if the redemption would violate the restrictions on distributions under Maryland law, which prohibits distributions that would cause a corporation to fail to meet statutory tests of solvency. The Company currently does not expect to have funds available for ordinary redemptions in the future. If the Company cannot repurchase all shares presented for redemption in any month because of the limitations on redemptions set forth in the share redemption program, then the Company will honor redemption requests on a pro rata basis, except that if a pro rata redemption would result in a stockholder owning less than the minimum

REAL ESTATE HELD FOR INVESTMENT

REAL ESTATE HELD FOR INVESTMENT	12 Months Ended
	Dec. 31, 2015
Real Estate Held for Investment [Abstract]
REAL ESTATE HELD FOR INVESTMENT	REAL ESTATE HELD FOR INVESTMENT As of December 31, 2015 , the Company’s portfolio of real estate held for investment, including the GKK Properties, was composed of approximately 7.7 million rentable square feet and was 85% occupied. These properties are located in 30 states and include office properties, industrial properties and bank branch properties. Included in the Company’s portfolio of real estate held for investment was 4.6 million rentable square feet related to the GKK Properties held for investment, which were 83% occupied as of December 31, 2015 . The following table summarizes the Company’s investments in real estate as of December 31, 2015 and 2014 (in thousands): Land Buildings and Improvements Tenant Origination and Absorption Costs Total Real Estate Held for Investment As of December 31, 2015: Office $ 61,987 $ 357,524 $ 565 $ 420,076 Industrial 14,651 73,411 2,244 90,306 GKK Properties 159,396 285,894 58,899 504,189 Real estate held for investment, at cost and net of impairment charges $ 236,034 $ 716,829 $ 61,708 $ 1,014,571 Accumulated depreciation and amortization — (129,317 ) (31,926 ) (161,243 ) Real estate held for investment, net $ 236,034 $ 587,512 $ 29,782 $ 853,328 As of December 31, 2014: Office $ 68,178 $ 401,083 $ 1,825 $ 471,086 Industrial 14,651 70,039 3,137 87,827 GKK Properties 158,835 292,888 62,684 514,407 Real estate held for investment, at cost and net of impairment charges $ 241,664 $ 764,010 $ 67,646 $ 1,073,320 Accumulated depreciation and amortization — (133,861 ) (28,953 ) (162,814 ) Real estate held for investment, net $ 241,664 $ 630,149 $ 38,693 $ 910,506 Operating Leases The Company’s real estate assets are leased to tenants under operating leases for which the terms and expirations vary. As of December 31, 2015 , the Company’s leases, including the GKK Properties held for investment and excluding options to extend, had remaining terms of up to 11.2 years with a weighted-average remaining term of 4.3 years. As of December 31, 2015 , leases related to the GKK Properties, excluding options to extend, had remaining terms of up to 11.2 years with a weighted-average remaining term of 4.1 years. Some of the Company’s leases have provisions to extend the term of the leases, options for early termination for all or a part of the leased premises after paying a specified penalty, rights of first refusal to purchase the property at competitive market rates, and other terms and conditions as negotiated. The Company retains substantially all of the risks and benefits of ownership of the real estate assets leased to tenants. Generally, upon the execution of a lease, the Company requires a security deposit from the tenant in the form of a cash deposit and/or a letter of credit. The amount required as a security deposit varies depending upon the terms of the respective lease and the creditworthiness of the tenant, but generally is not a significant amount. Therefore, exposure to credit risk exists to the extent that a receivable from a tenant exceeds the amount of its security deposit. Security deposits received in cash related to tenant leases are included in other liabilities in the accompanying consolidated balance sheets and totaled $3.2 million and $3.0 million as of December 31, 2015 and 2014 , respectively. During the years ended December 31, 2015 , 2014 and 2013 , the Company recognized deferred rent from tenants of $2.5 million , $3.4 million and $4.0 million , respectively. These amounts for the years ended December 31, 2015 , 2014 and 2013 were net of $1.4 million , $1.4 million and $1.4 million of lease incentive amortization, respectively. As of December 31, 2015 and 2014 , the cumulative deferred rent balance was $30.3 million and $27.7 million , respectively, and is included in rents and other receivables on the accompanying balance sheets. The cumulative deferred rent balance included $5.8 million and $5.7 million of unamortized lease incentives as of December 31, 2015 and 2014 , respectively. The Company records property operating expense reimbursements due from tenants for common area maintenance, real estate taxes and other recoverable costs in the period the related expenses are incurred. The future minimum rental income from the Company’s properties under non-cancelable operating leases, including leases subject to shedding rights and excluding options to extend, as of December 31, 2015 for the years ending December 31 is as follows (in thousands): 2016 $ 111,091 2017 104,503 2018 91,565 2019 78,161 2020 58,534 Thereafter 156,386 $ 600,240 As of December 31, 2015 , the Company’s highest tenant industry concentration (greater than 10% of annualized base rent) was as follows: Industry Number of Tenants Annualized (1) (in thousands) Percentage of Annualized Base Rent Finance 74 $ 51,756 46.5 % _____________________ (1) Annualized base rent represents annualized contractual base rental income as of December 31, 2015 , adjusted to straight-line any contractual tenant concessions (including free rent), rent increases and rent decreases from the lease’s inception through the balance of the lease term. As of December 31, 2015 , no other tenant industries accounted for more than 10% of the Company’s annualized base rent. The Company currently has over 300 tenants over a diverse range of industries and geographical regions. As of December 31, 2015 and 2014 , the Company had a bad debt expense reserve of $0.5 million and $1.1 million , respectively. The Company's bad debt expense reserve as of December 31, 2015 and 2014 included $0.4 million and $1.0 million related to the GKK Properties, respectively. During the years ended December 31, 2015 , 2014 and 2013 , the Company recorded bad debt (recovery) expense related to its tenant receivables of $(0.1) million , $0.5 million and $2.2 million , respectively. As of December 31, 2015 , the Company had a concentration of credit risk related to leases with the following tenant that represented more than 10% of the Company’s annualized base rent: Annualized Base Rent Statistics Tenant Property Tenant Industry Rentable Square Feet % of Portfolio Rentable Sq. Ft. Leased (1) Annualized Base Rent (1) % of Portfolio Annualized Base Rent Annualized Base Rent per Square Foot Lease Expirations Bank of America, N.A. Various Finance 2,290,434 35.2 % $ 18,826 16.9 % $ 8.22 (2) _____________________ (1) Annualized base rent represents annualized contractual base rental income as of December 31, 2015 , adjusted to straight-line any contractual tenant concessions (including free rent), rent increases and rent decreases from the lease’s inception through the balance of the lease term. (2) As of December 31, 2015 , lease expiration dates ranged from 2019 through 2026 with a weighted-average remaining term of 4.3 years. Bank of America Corporation is the guarantor of various leases that its subsidiary, Bank of America, N.A., has with the Company. The condensed consolidated financial information of Bank of America Corporation has been included herein because of the significant credit concentration the Company has with this guarantor. Bank of America Corporation currently files its financial statements in reports filed with the SEC, and the following unaudited summary financial data regarding Bank of America Corporation is taken from its previously filed public reports. For more detailed financial information regarding Bank of America Corporation, please refer to its financial statements, which are publicly available with the SEC at http://www.sec.gov . Years Ended December 31, 2015 2014 2013 Consolidated Statements of Income (in millions) Total revenue, net of interest expense $ 82,507 $ 84,247 $ 88,942 Income before income taxes 22,154 6,855 16,172 Net income 15,888 4,833 11,431 As of December 31, 2015 December 31, 2014 Consolidated Balance Sheets (in millions) Total assets $ 2,144,316 $ 2,104,534 Total liabilities 1,888,111 1,861,063 Total stockholders’ equity 256,205 243,471 No other tenant represented more than 10% of the Company’s annualized base rent. Geographic Concentration Risk As of December 31, 2015 , the Company’s net investments in real estate in Virginia represented 12% of the Company’s total assets. As a result, the geographic concentration of the Company’s portfolio makes it particularly susceptible to adverse economic developments in Virginia’s real estate market. Any adverse economic or real estate developments in this market, such as business layoffs or downsizing, industry slowdowns, relocations of businesses, changing demographics and other factors, or any decrease in demand for office or bank branch space resulting from the local business climate, could adversely affect the Company’s operating results. Impairment of Real Estate During the year ended December 31, 2015 , the Company recorded non-cash impairment charges of $49.3 million . The impairment charges for the year ended December 31, 2015 included $48.4 million of impairments with respect to ten properties classified as real estate held for investment (including six GKK Properties) to write-down the carrying values of these real estate investments to their estimated fair values. See Note 6, “Real Estate Held for Sale and Discontinued Operations,” for information regarding impairments of assets related to real estate held for sale. The facts and circumstances leading to the impairments on the Company’s real estate held for investment are as follows: Woodfield Preserve Office Center The Company recognized an impairment charge during the year ended December 31, 2015 of $24.8 million to reduce the carrying value of the Company’s investment in Woodfield Preserve Office Center, an office property located in Schaumburg, Illinois, due to a decrease in projected cash flow projections. The decrease in cash flow projections was primarily due to (i) an increase in projected vacancy related to a tenant occupying 51,616 rentable square feet, or approximately 8% of the Woodfield Preserve Office Center and (ii) the challenging Schaumburg office rental market. The tenant’s lease expires in November 2016 and it is no longer expected to renew since it was recently acquired and can relocate to excess space leased by the acquiring company. As a result, the Company revised its cash flow projections for longer lease up periods and additional tenant improvement costs and leasing concessions required to attract new tenants. Chicago’s northwest suburb office rental market was heavily affected by the 2008-2009 recession; however, the outlook was optimistic that the market would recover to levels seen prior to the recession. Although the general market has seen positive net absorption, rental rates have remained low while lease concessions remain high resulting in lower projected revenue growth and cash flow projections. The market conditions in Schaumburg, Illinois have also resulted in a lack of interest from investors. Tysons Dulles Plaza The Company recognized an impairment charge during the year ended December 31, 2015 of $15.7 million to reduce the carrying value of Tysons Dulles Plaza, an office property located in McLean, Virginia, to its estimated fair value. The Company revised its cash flow projections primarily for longer estimated lease up periods as a result of the continued lack of demand in the McLean office rental market. While the market has seen slight increases in rental rates, lease concessions have not declined as previously expected. The Company also revised its cash flow projections to account for higher projected capital costs for tenant improvements, general building upgrades, and deferred maintenance costs needed to position the property competitively with other properties in the area, to address certain maintenance issues and to attract additional tenants. The lack of sales activity in McLean, Virginia has also resulted in higher capitalization rates. University Park Buildings The Company recognized an impairment charge during the year ended December 31, 2015 of $3.4 million related to the Company’s investment in the University Park Buildings, an office property located in Sacramento, California, due to a decrease in cash flow projections primarily due to an increase in projected vacancy related to a tenant occupying 36,377 rental square feet, or approximately 28% of the University Park Buildings. The tenant’s lease expires in June 2017 and it is no longer expected to renew. As a result, the Company revised its cash flow projections for longer lease up periods and additional tenant improvement costs and leasing concessions required to attract new tenants. 69 State Street The Company recognized an impairment charge during the year ended December 31, 2015 of $2.0 million to reduce the carrying value of 69 State Street, an office property located in Albany, New York, to its estimated fair value based on its selling price at auction subsequent to December 31, 2015 . Las Vegas Ops Center The Company recognized an impairment charge during the year ended December 31, 2015 of $2.0 million to reduce the carrying value of Las Vegas Ops Center, an operations center located in Las Vegas, Nevada, to its estimated fair value based on its selling price at auction subsequent to December 31, 2015 . Other Properties The Company recognized impairment charges during the year ended December 31, 2015 of $0.5 million related to five other properties held for investment, including four GKK Properties. No impairment charge related to any individual property was greater than $250,000 . These impairments generally resulted from changes in the projected hold periods or changes in leasing projections including longer estimated lease-up periods and lower projected rental rates, thus decreasing the projected cash flows the properties would generate. Prior Period Impairments During the year ended December 31, 2014 , the Company recorded impairment charges of $10.1 million with respect to six properties (including two GKK Properties). Included in the Company’s impairment charges during the year ended December 31, 2014 was a $7.2 million impairment charge to reduce the carrying value of the Company’s investment in Tysons Dulles Plaza to its estimated fair value due to a change in cash flow projections. The Company revised its cash flow projections for Tysons Dulles Plaza primarily because of a continued lag in demand in the Washington D.C. office rental market, resulting in ongoing leasing challenges and lower projected revenue growth. The Company also revised its cash flow projections to account for higher projected capital costs for tenant improvements and general building upgrades needed to attract additional tenants.

TENANT ORIGINATION AND ABSORPTI

TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES	12 Months Ended
	Dec. 31, 2015
Tenant Origination and Absorption Costs, Above-Market Lease Assets and Below-Market Lease Liabilities [Abstract]
TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES	TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES As of December 31, 2015 and 2014 , the Company’s tenant origination and absorption costs, above-market lease assets, and below-market lease liabilities (excluding fully amortized assets and liabilities and accumulated amortization) were as follows (in thousands): Tenant Origination and Absorption Costs Above-Market Lease Assets Below-Market Lease Liabilities December 31, 2015 December 31, 2014 December 31, 2015 December 31, 2014 December 31, 2015 December 31, 2014 Cost, net of impairments (1) $ 61,708 $ 67,646 $ 32,415 $ 32,661 $ (65,882 ) $ (66,136 ) Accumulated amortization (1) (31,926 ) (28,953 ) (14,519 ) (11,018 ) 40,019 30,822 Net amount $ 29,782 $ 38,693 $ 17,896 $ 21,643 $ (25,863 ) $ (35,314 ) _____________________ (1) In 2015 and 2014 , the Company wrote-off fully amortized tenant origination and absorption costs of $2.4 million and $7.3 million , respectively, above-market lease assets of $0.2 million and $1.2 million , respectively, and below-market lease liabilities of $0.3 million and $3.9 million , respectively. Increases (decreases) in net income as a result of amortization of the Company’s tenant origination and absorption costs, above-market lease assets and below-market lease liabilities for the years ended December 31, 2015 , 2014 and 2013 were as follows (in thousands): Tenant Origination and Absorption Costs Above-Market Lease Assets Below-Market Lease Liabilities For the Years Ended December 31, For the Years Ended December 31, For the Years Ended December 31, 2015 2014 2013 2015 2014 2013 2015 2014 2013 Amortization $ (11,902 ) $ (16,345 ) $ (18,483 ) $ (3,840 ) $ (3,790 ) $ (4,560 ) $ 11,032 $ 12,531 $ 12,875 The remaining unamortized balance for these outstanding intangible assets and liabilities as of December 31, 2015 is expected to be amortized for the years ending December 31 as follows (in thousands): Tenant Origination and Absorption Costs Above-Market Lease Assets Below-Market Lease Liabilities 2016 $ (7,253 ) $ (3,271 ) $ 8,867 2017 (6,474 ) (2,885 ) 7,716 2018 (5,965 ) (2,627 ) 4,705 2019 (4,597 ) (1,925 ) 3,360 2020 (1,423 ) (1,591 ) 310 Thereafter (4,070 ) (5,597 ) 905 $ (29,782 ) $ (17,896 ) $ 25,863 Weighted-Average Remaining Amortization Period 5.3 years 7.6 years 3.6 years

REAL ESTATE LOANS RECEIVABLE

REAL ESTATE LOANS RECEIVABLE	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
REAL ESTATE LOANS RECEIVABLE	REAL ESTATE LOANS RECEIVABLE As of December 31, 2015 and 2014 , the Company, through indirect wholly owned subsidiaries, had invested in or originated real estate loans receivable as follows (dollars in thousands): Loan Name Location of Related Property or Collateral Date Acquired/ Originated Property Type Loan Type Outstanding Principal Balance as of December 31, 2015 (1) Book Value as of December 31, 2015 (2) Book Value as of December 31, 2014 (2) Contractual Interest Rate (3) Annualized Effective Interest Rate (3) Maturity Date Sandmar Mezzanine Loan Southeast U.S. (4) 01/09/2007 Retail Mezzanine $ 5,074 $ 5,096 $ 5,181 5.4% — % 01/01/2017 Lawrence Village Plaza Loan Origination New Castle, Pennsylvania (5) 08/06/2007 Retail Mortgage 6,903 6,903 6,920 8.0% 8.1 % 09/01/2015 San Diego Office Portfolio B-Note San Diego, California (6) 10/26/2007 Office B-Note 20,000 18,277 17,450 5.8% 11.2 % 10/11/2017 4929 Wilshire B-Note Los Angeles, California 11/19/2007 Office B-Note 3,834 3,503 3,365 6.1% 12.4 % 07/11/2017 $ 35,811 $ 33,779 $ 32,916 Reserve for Loan Losses (7) — (6,498 ) (3,994 ) $ 35,811 $ 27,281 $ 28,922 _____________________ (1) Outstanding principal balance as of December 31, 2015 represents original principal balance outstanding under the loan, increased for any subsequent fundings and reduced for any principal paydowns. (2) Book value represents outstanding principal balance, adjusted for unamortized acquisition discounts, origination fees and direct origination and acquisition costs. Loan balances are presented gross of any asset-specific reserves. (3) Contractual interest rate is the stated interest rate on the face of the loan. Annualized effective interest rate is calculated as the actual interest income recognized in 2015, using the interest method, annualized and divided by the average amortized cost basis of the investment during 2015. The contractual interest rates and annualized effective interest rates presented are as of December 31, 2015 . (4) The Company had recorded an asset-specific loan loss reserve against this investment as of December 31, 2015 and 2014. See “—Reserve for Loan Losses.” (5) On September 1, 2015, the Lawrence Village Plaza Loan Origination matured without repayment. The Company had recorded an asset-specific loan loss reserve against this investment as of December 31, 2015 . See “—Reserve for Loan Losses.” The Company is currently negotiating an agreement in lieu of foreclosure with the borrower under the Lawrence Village Plaza Loan Origination to transfer title of the property securing the loan to the Company in full satisfaction of the debt outstanding under, and all other obligations related to, the Lawrence Village Plaza Loan Origination. (6) The borrower under this note is a wholly owned subsidiary of the Irvine Company. Donald Bren, who is the brother of Peter Bren (one of the Company’s executive officers and sponsors), is the chairman of the Irvine Company. During the year ended December 31, 2015 , the Company recognized $2.0 million of interest income related to its investment in this loan. (7) See “—Reserve for Loan Losses.” As of December 31, 2015 and 2014 , interest receivable from real estate loans receivable was $0.1 million and $0.1 million , respectively, and is included in rents and other receivables. The following is a schedule of maturities for all real estate loans receivable outstanding as of December 31, 2015 (in thousands): 2015 (1) $ 6,903 2017 28,908 $ 35,811 _____________________ (1) On September 1, 2015, the Lawrence Village Plaza Loan Origination matured without repayment. The Company had recorded an asset-specific loan loss reserve against this investment as of December 31, 2015 . See “—Reserve for Loan Losses.” The Company is currently negotiating an agreement in lieu of foreclosure with the borrower under the Lawrence Village Plaza Loan Origination to transfer title of the property securing the loan to the Company in full satisfaction of the debt outstanding under, and all other obligations related to, the Lawrence Village Plaza Loan Origination. The following summarizes the activity related to real estate loans receivable for the year ended December 31, 2015 (in thousands): Real estate loans receivable, net - December 31, 2014 $ 28,922 Principal repayments received on real estate loans receivable (153 ) Accretion of discounts on purchased real estate loans receivable 1,048 Amortization of origination fees and costs on purchased and originated real estate loans receivable (32 ) Change in loan loss reserve (2,504 ) Real estate loans receivable, net - December 31, 2015 $ 27,281 The following summarizes the Company’s investments in real estate loans receivable as of December 31, 2015 (in thousands): Outstanding principal balance $ 35,811 Discounts on real estate loans receivable (8,060 ) Accumulated accretion of discounts on purchases of real estate loans receivable 5,943 Origination fees and costs on purchases and originations of real estate loans receivable 348 Accumulated amortization of origination fees and costs, net (263 ) Reserve for loan losses (6,498 ) Real estate loans receivable, net - December 31, 2015 $ 27,281 For the years ended December 31, 2015 , 2014 and 2013 , interest income from real estate loans receivable consisted of the following (in thousands): Years Ended December 31, 2015 2014 2013 Contractual interest income $ 2,073 $ 2,102 $ 2,249 Interest accretion 1,048 1,007 972 Amortization of origination fees and costs and acquisition costs, net (32 ) (32 ) 37 Interest income from real estate loans receivable $ 3,089 $ 3,077 $ 3,258 The Company generally recognizes income on impaired loans on either a cash basis, where interest income is only recorded when received in cash, or on a cost-recovery basis, where all cash receipts are applied against the carrying value of the loan. The Company will resume the accrual of interest if it determines the collection of interest according to the contractual terms of the loan is probable. The Company considers the collectibility of the loan’s principal balance in determining whether to recognize income on impaired loans on a cash basis or a cost-recovery basis. Beginning in July 2014, interest income received on the Sandmar Mezzanine Loan was recorded on a cost-recovery basis. As of September 30, 2015, the book value, which is net of the loan loss reserve for the Sandmar Mezzanine Loan was $0 . Subsequent to September 30, 2015, the Company began recognizing cash receipts related to the Sandmar Mezzanine Loan as interest income. During the years ended December 31, 2015 and 2014, the Company recognized interest income of $0.1 million and $0.2 million , respectively, on the Sandmar Mezzanine Loan. During the years ended December 31, 2015 and 2014, the Company recognized interest income of $0.6 million and $0.6 million on the Lawrence Village Plaza Loan Origination, respectively. Subsequent to the maturity of the Lawrence Village Plaza Loan Origination on September 1, 2015, the Company recognized interest income of $0.2 million related to this impaired real estate loan receivable. Reserve for Loan Losses Changes in the Company’s reserve for loan losses for the year ended December 31, 2015 were as follows (in thousands): Reserve for loan losses, December 31, 2014 $ 3,994 Provision for loan losses 2,504 Reserve for loan losses, December 31, 2015 $ 6,498 As of December 31, 2015 , the total reserve for loan losses consisted of $5.1 million of asset-specific reserves related to the Sandmar Mezzanine Loan and $1.4 million of asset-specific reserves related to the Lawrence Village Plaza Loan Origination; these loans had amortized cost bases of $5.1 million and $6.9 million , respectively. The Company recorded a provision for loan loss reserves of $2.0 million related to the Sandmar Mezzanine Loan during the year ended December 31, 2014 . During the year ended December 31, 2015 , the Company recorded a provision for loan loss reserves of $2.5 million related to the Sandmar Mezzanine Loan and the Lawrence Village Plaza Loan Origination.

REAL ESTATE HELD FOR SALE AND D

REAL ESTATE HELD FOR SALE AND DISCONTINUED OPERATIONS	12 Months Ended
	Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
REAL ESTATE HELD FOR SALE AND DISCONTINUED OPERATIONS	REAL ESTATE HELD FOR SALE AND DISCONTINUED OPERATIONS In accordance with ASU No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (“ASU No. 2014-08”), operating results of properties that are classified as held for sale in the ordinary course of business on or subsequent to January 1, 2014 would generally be included in continuing operations on the Company’s consolidated statements of operations. Operating results of properties that were classified as held for sale in financial statements issued for the reporting periods prior to January 1, 2014 will remain in discontinued operations on the Company’s consolidated statement of operations. Prior to the adoption of ASU No. 2014-08, the operations of properties held for sale or to be disposed of and the aggregate net gains recognized upon their disposition were presented as discontinued operations in the accompanying consolidated statements of operations for all periods presented. During the year ended December 31, 2014 , the Company disposed of 16 properties (of which 11 were GKK Properties), transferred a portfolio of five GKK Properties to the lender in satisfaction of the debt and other obligations due under the BOA Windsor Mortgage Portfolio, terminated its leasehold interest in three GKK Properties and transferred two GKK Properties to the lenders in connection with foreclosure proceedings. During the year ended December 31, 2015 , the Company disposed of 34 properties (of which 31 were GKK Properties) and terminated its leasehold interest in three GKK Properties. As of December 31, 2015 , the Company had classified eight properties as held for sale, all of which were GKK Properties. The following summary presents the major components of assets and liabilities related to real estate held for sale as of December 31, 2015 and 2014 (in thousands): December 31, 2015 2014 Assets related to real estate held for sale Total real estate, at cost and net of impairment charges $ 9,392 $ 238,599 Accumulated depreciation and amortization (1,840 ) (30,594 ) Real estate held for sale, net 7,552 208,005 Other assets 110 10,783 Total assets related to real estate held for sale $ 7,662 $ 218,788 Liabilities related to real estate held for sale Notes payable — 113,424 Other liabilities 939 6,578 Total liabilities related to real estate held for sale $ 939 $ 120,002 During the year ended December 31, 2015 , the Company sold three historical real estate properties and 30 GKK Properties, which properties were not classified as held for sale in financial statements issued for the reporting periods prior to January 1, 2014. During the year ended December 31, 2014 , the Company sold four historical real estate properties and two GKK Properties, disposed of a portfolio of five properties in connection with a deed-in-lieu of foreclosure, and transferred two GKK Properties to the lenders in connection with foreclosure proceedings, which properties were not classified as held for sale in financial statements issued for the reporting periods prior to January 1, 2014. As of December 31, 2015, the Company had classified eight properties as held for sale, all of which were GKK properties. In accordance with ASU No. 2014-08, the operations of these properties are included in continuing operations on the Company’s consolidated statements of operations. The following table summarizes certain revenues and expenses related to all of these properties, which were included in continuing operations (in thousands): Years Ended December 31, 2015 2014 2013 Revenues Rental income $ 19,020 $ 37,165 $ 42,259 Tenant reimbursements and other operating income 7,482 14,517 14,658 Total revenues 26,502 51,682 56,917 Expenses Operating, maintenance, and management 9,534 18,819 22,948 Real estate taxes and insurance 3,169 6,558 7,365 Asset management fees to affiliate 224 721 914 General and administrative expenses — 75 11 Depreciation and amortization 7,596 19,095 17,874 Interest expense 3,456 14,237 19,303 Impairment of real estate 908 2,235 1,813 Total expenses 24,887 61,740 70,228 Discontinued Operations The following table summarizes operating income from discontinued operations for the years ended December 31, 2015 , 2014 and 2013 (in thousands): Years Ended December 31, 2015 2014 2013 Total revenues and other income $ 110 $ 2,505 $ 26,297 Total expenses (154 ) 922 23,574 Income from discontinued operations before gain on sales of real estate, net and impairment charge 264 1,583 2,723 Gain on sales of real estate, net 124 4,797 47,997 Impairment charge — (257 ) (8,975 ) Income from discontinued operations $ 388 $ 6,123 $ 41,745 Significant Transactions 101 Independence On May 1, 2015, the Company, through an indirect wholly owned subsidiary, sold an office building containing 565,694 rentable square feet located in Charlotte, North Carolina (“101 Independence”) to a purchaser unaffiliated with the Company or the Advisor for $107.8 million , or $106.8 million net of concessions and credits. The carrying value of 101 Independence as of the date of sale was $69.5 million , which was net of $13.3 million of accumulated depreciation and amortization. The Company recognized a gain on the disposition of 101 Independence of approximately $35.0 million after fees and expenses.

FORECLOSED REAL ESTATE HELD FOR

FORECLOSED REAL ESTATE HELD FOR SALE	12 Months Ended
	Dec. 31, 2015
Foreclosed Real Estate Held for Sale [Abstract]
FORECLOSED REAL ESTATE HELD FOR SALE	FORECLOSED REAL ESTATE HELD FOR SALE In 2006 and 2007, the Company originally made three debt investments (collectively, the “Tribeca Loans”) related to the conversion of an eight-story loft building into a 10-story condominium building with 62 units (the “Tribeca Building”) located at 415 Greenwich Street in New York, New York. On February 19, 2010, the borrowers under the Tribeca Loans defaulted and the Company foreclosed on the Tribeca Building by exercising its right to accept 100% of the ownership interest of the borrowers. The Company acquired the remaining unsold condominium units of the Tribeca Building (the residential, retail and parking space condominium units transferred to the Company are, collectively, the “Units” and, individually, each is a “Unit”) and assumed the project liabilities. The Company recorded the Tribeca Building at fair value using a discounted cash flow valuation model based on the net realizable value (expected sales price less estimated costs to sell the unsold Units) of the real estate. As of December 31, 2014 , the Company’s investment in the Tribeca Building consisted of two Units with a carrying value of $12.0 million and is presented as foreclosed real estate held for sale on the consolidated balance sheet. During the year ended December 31, 2015 , the Company sold the remaining two Units and recognized a gain on sale of $2.5 million (which gain on sale has been reduced by disposition fees to the Advisor of $0.2 million related to these two Units) and recorded expenses of $0.3 million related to foreclosed real estate held for sale. During the year ended December 31, 2014 , the Company sold one Unit and recognized a gain on sale of $1.1 million (which gain on sale has been reduced by disposition fees to the Advisor of $0.4 million related to 26 residential Units, two retail Units and the parking space Units sold as of December 31, 2014 ) and recorded expenses of $1.2 million related to foreclosed real estate held for sale. During the year ended December 31, 2013 , the Company sold two retail Units and parking space Units and recognized a gain on sale of $0.4 million and recorded expenses of $1.5 million related to foreclosed real estate held for sale.

NOTES PAYABLE

NOTES PAYABLE	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
NOTES PAYABLE	NOTES PAYABLE As of December 31, 2015 and 2014 , the Company’s notes payable, including notes payable related to real estate held for sale, consisted of the following (dollars in thousands): Book Value as of December 31, 2015 Book Value as of December 31, 2014 Contractual Interest Rates as of December 31, 2015 (1) Effective Interest Rate as of December 31, 2015 (1) Payment Type Maturity Date (2) Notes Payable Plaza in Clayton Mortgage Loan $ 62,200 $ 62,200 5.9% 5.9% Interest Only 10/06/2016 Portfolio Loan 164,131 181,249 One-month LIBOR + 2.2% Interest Only 01/01/2017 226,331 243,449 GKK Properties Notes Payable Bank of America - BBD2 Mortgage Loan 65,712 138,027 6.0% 6.0% Principal & Interest 09/08/2019 101 Independence Mortgage Loan — 65,780 (3) (3) (3) (3) Citizens Bank Portfolio Mortgage Loan — 40,000 (4) (4) (4) (4) Pitney Bowes - Bank of America Mortgage Loan 36,160 38,261 5.3% 5.3% Principal & Interest 10/10/2022 FSI 6000D Mortgage Loan 28,934 29,419 5.8% 5.8% Principal & Interest 06/05/2017 FSI 6000B Mortgage Loan 27,763 28,228 5.8% 5.8% Principal & Interest 06/05/2017 FSI 6000A Mortgage Loan 24,271 24,551 6.8% 6.8% Principal & Interest 10/05/2017 FSI 6000C Mortgage Loan 21,967 22,219 6.8% 6.8% Principal & Interest 10/05/2017 Sterling Bank Mortgage Loan — 19,629 (5) (5) (5) (5) Pitney Bowes - Wachovia A Mortgage Loan — 15,065 (6) (6) (6) (6) 204,807 421,179 Total notes payable principal outstanding 431,138 664,628 Discount on notes payable, net (7) (2,487 ) (6,530 ) Deferred financing costs, net (429 ) (2,029 ) Total notes payable, net $ 428,222 $ 656,069 _____________________ (1) Contractual interest rate represents the interest rate in effect under the loan as of December 31, 2015 . Effective interest rate is calculated as the actual interest rate in effect as of December 31, 2015 (consisting of the contractual interest rate), using interest rate indices as of December 31, 2015 , where applicable. (2) Represents the initial maturity date or the maturity date as extended as of December 31, 2015 ; subject to certain conditions, the maturity dates of certain loans may be extended beyond the maturity date shown. (3) On May 1, 2015, in connection with the disposition of 101 Independence, the Company repaid the entire $65.3 million principal balance and all other sums due under this loan, including a prepayment premium of $4.4 million , and wrote-off an unamortized discount on note payable of $1.9 million . (4) On May 15, 2015, the Company repaid the entire principal balance and all other sums due under this loan. (5) On October 9, 2015, the Company, through an indirect wholly owned subsidiary, entered into a defeasance with the lender under the Sterling Bank Mortgage Loan to defease the entire outstanding principal balance of $19.6 million , releasing all the properties securing the Sterling Bank Mortgage Loan. See “Significant Financing Transactions - Defeasance of the Sterling Bank Mortgage Loan” below. (6) On September 16, 2015, the Company repaid the entire principal balance and all other sums due under this loan, including a prepayment premium of $2.2 million . (7) Represents the unamortized discount and premium on notes payable due to the above- and below-market interest rates when the loans were assumed. The discount and premium are amortized over the remaining life of the respective loan. As of December 31, 2015 and 2014 , the Company’s deferred financing costs were $0.4 million and $2.0 million , respectively, net of amortization. During the years ended December 31, 2015 , 2014 and 2013 , the Company incurred interest expense, net of discontinued operations, of $29.5 million , $45.9 million and $61.7 million , respectively. Included in interest expense was: (i) the amortization of deferred financing costs of $1.9 million , $1.5 million and $0.8 million for the years ended December 31, 2015 , 2014 and 2013 , respectively, and (ii) the amortization of discounts and premiums on notes payable, which increased interest expense by $1.3 million , $3.4 million and $2.5 million for the years ended December 31, 2015 , 2014 and 2013 . As of December 31, 2015 and 2014 , $1.7 million and $1.9 million of interest was payable, respectively. The following is a schedule of maturities, including principal amortization payments, for all notes payable outstanding as of December 31, 2015 (in thousands): 2016 $ 67,950 2017 269,956 2018 4,707 2019 61,957 2020 2,728 Thereafter 23,840 $ 431,138 The following summarizes the activity related to notes payable for the year ended December 31, 2015 (in thousands): Total notes payable, net - December 31, 2014 $ 656,069 Principal repayments (146,094 ) Defeasance of notes payable (87,396 ) Write-off of discount on notes payable related to sale 2,437 Amortization of deferred financing costs 1,873 Amortization of discount and premium on notes payable, net 1,333 Total notes payable, net - December 31, 2015 $ 428,222 Significant Financing Transactions Disposition of Waltham Main and Partial Defeasance of the Bank of America - BBD2 Mortgage Loan On October 1, 2015, the Company, through an indirect wholly owned subsidiary, sold an office building containing 303,460 rentable square feet located in Waltham, Massachusetts (“Waltham Main”) to a purchaser unaffiliated with the Company or the Advisor for $52.5 million or $51.0 million net of concessions and credits. In connection with the disposition of Waltham Main, the Company entered into a partial defeasance with the lender under the Bank of America - BBD2 Mortgage Loan to defease $40.8 million of the outstanding principal balance, releasing Waltham Main and 21 other properties which had secured the Bank of America - BBD2 Mortgage Loan. The defeasance costs and write-offs of unamortized deferred financing costs and an unamortized discount resulted in a loss on extinguishment of debt of approximately $8.0 million . On December 15, 2015, the Company entered into a partial defeasance with the lender under the Bank of America - BBD2 Mortgage Loan to defease $27.0 million of outstanding principal, releasing 16 properties which had secured the Bank of America - BBD2 Mortgage Loan. The defeasance costs and write-offs of unamortized deferred financing costs and an unamortized discount resulted in a loss on extinguishment of debt of approximately $4.7 million . Defeasance of the Sterling Bank Mortgage Loan On October 9, 2015, the Company, through an indirect wholly owned subsidiary, entered into a defeasance with the lender under the Sterling Bank Mortgage Loan to defease the entire outstanding principal balance of $19.6 million , releasing all the properties which had secured the Sterling Bank Mortgage Loan. The Sterling Bank Mortgage Loan bore interest at a rate of 5.57% and was due to mature on January 11, 2017. The defeasance costs and write-off of an unamortized discount resulted in a loss on extinguishment of debt of approximately $1.2 million . Debt Covenants The documents evidencing the Company’s outstanding debt obligations typically require that specified loan-to-value and debt service coverage ratios be maintained with respect to the financed properties. A breach of the financial covenants in these documents may result in the lender imposing additional restrictions on the Company’s operations, such as restrictions on the Company’s ability to incur additional debt, or may allow the lender to impose “cash traps” with respect to cash flow from the property securing the loan. In addition, such a breach may constitute an event of default and the lender could require the Company to repay the debt immediately. If the Company fails to make such repayment in a timely manner, the lender may be entitled to take possession of any property securing the loan. As of December 31, 2015 , the Company was in compliance with these debt covenants.

FAIR VALUE DISCLOSURES

FAIR VALUE DISCLOSURES	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE DISCLOSURES	FAIR VALUE DISCLOSURES Under GAAP, the Company is required to measure certain financial instruments at fair value on a recurring basis. In addition, the Company is required to measure other financial instruments and balances at fair value on a non-recurring basis (e.g., carrying value of impaired real estate loans receivable and long-lived assets). Fair value is defined as the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The GAAP fair value framework uses a three-tiered approach. Fair value measurements are classified and disclosed in one of the following three categories: • Level 1: unadjusted quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities; • Level 2: quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-derived valuations in which significant inputs and significant value drivers are observable in active markets; and • Level 3: prices or valuation techniques where little or no market data is available that requires inputs that are both significant to the fair value measurement and unobservable. The fair value for certain financial instruments is derived using a combination of market quotes, pricing models and other valuation techniques that involve significant management judgment. The price transparency of financial instruments is a key determinant of the degree of judgment involved in determining the fair value of the Company’s financial instruments. Financial instruments for which actively quoted prices or pricing parameters are available and for which markets contain orderly transactions will generally have a higher degree of price transparency than financial instruments for which markets are inactive or consist of non-orderly trades. The Company evaluates several factors when determining if a market is inactive or when market transactions are not orderly. The following is a summary of the methods and assumptions used by management in estimating the fair value of each class of assets and liabilities for which it is practicable to estimate the fair value: Cash and cash equivalents, restricted cash, rent and other receivables, and accounts payable and accrued liabilities: These balances approximate their fair values due to the short maturities of these items. Real estate loans receivable: These instruments are presented in the accompanying consolidated balance sheets at their amortized cost net of recorded loan loss reserves and not at fair value. The fair values of real estate loans receivable were estimated using an internal valuation model that considered the expected cash flows for the loans, underlying collateral values (for collateral-dependent loans) and estimated yield requirements of institutional investors for loans with similar characteristics, including remaining loan term, loan-to-value, type of collateral and other credit enhancements. The Company classifies these inputs as Level 3 inputs. Notes payable: The fair values of the Company’s notes payable are estimated using a discounted cash flow analysis based on management’s estimates of current market interest rates for instruments with similar characteristics, including remaining loan term, loan-to-value ratio, type of collateral and other credit enhancements. Additionally, when determining the fair value of a liability in circumstances in which a quoted price in an active market for an identical liability is not available, the Company measures fair value using (i) a valuation technique that uses the quoted price of the identical liability when traded as an asset or quoted prices for similar liabilities when traded as assets or (ii) another valuation technique that is consistent with the principles of fair value measurement, such as the income approach or the market approach. The Company classifies these inputs as Level 3 inputs. The following were the face values, carrying amounts and fair values of the Company’s real estate loans receivable and notes payable as of December 31, 2015 and 2014 , which carrying amounts generally do not approximate the fair values (in thousands): December 31, 2015 December 31, 2014 Face Value Carrying Amount Fair Value Face Value Carrying Amount Fair Value Financial assets: Real estate loans receivable (1) $ 35,811 $ 27,281 $ 25,218 $ 35,966 $ 28,922 $ 25,818 Financial liabilities: Notes payable $ 431,138 $ 428,222 $ 448,351 $ 664,628 $ 656,069 $ 688,374 _____________________ (1) Carrying amount of real estate loans receivable includes loan loss reserves. Disclosure of the fair values of financial instruments is based on pertinent information available to the Company as of the period end and requires a significant amount of judgment. The actual value of these investments could be materially different from the Company’s estimate of value. Assets Recorded at Fair Value During the year ended December 31, 2015 , the Company measured the following assets at fair value on a nonrecurring basis (in thousands): Fair Value Measurements Using Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Nonrecurring Basis (1) : Impaired real estate held for investment $ 235,105 $ — $ — $ 235,105 Impaired real estate held for sale 518 — — 518 Impaired real estate sold 2,126 — — 2,126 _____________________ (1) Amounts represent the aggregate fair value for real estate assets impacted by impairment charges during the year, as of the date that the fair value measurements were made. The carrying value for these real estate assets may have subsequently increased or decreased from the fair value reflected due to activity that has occurred since the measurement date. As of December 31, 2015 , certain of the Company’s real estate properties held for investment were measured at estimated fair value as these properties were impaired and the carrying values of these properties were adjusted as a result of changes in cash flow projections or selling price at auction, subsequent to December 31, 2015. See Note 3, “Real Estate Held for Investment — Impairment of Real Estate,” for information regarding impairments related to real estate held for investment. As of December 31, 2015 , certain of the Company’s real estate properties held for sale and sold were measured at estimated fair value as these properties were impaired and the carrying values of these properties were adjusted to estimated fair value. The Company estimated the fair value for these impaired real estate properties held for sale and sold based on an estimated sales price, less estimated costs to sell.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS The Company has entered into an Advisory Agreement with the Advisor, which entitles the Advisor to specified fees for the management and disposition of investments, among other services, as well as to reimbursement for certain costs incurred by the Advisor in providing services to the Company. In addition, the Advisor is entitled to certain other fees, including an incentive fee upon achieving certain performance goals, as detailed in the Advisory Agreement. The Company has also entered into a fee reimbursement agreement (the “AIP Reimbursement Agreement”) with the Dealer Manager pursuant to which the Company agreed to reimburse the Dealer Manager for certain fees and expenses it incurs for administering the Company’s participation in the DTCC Alternative Investment Product Platform with respect to certain accounts of the Company’s investors serviced through the platform. The Advisor also serves, and the Dealer Manager also serves or served, as the advisor and dealer manager, respectively, for KBS Real Estate Investment Trust II, Inc., KBS Real Estate Investment Trust III, Inc., KBS Strategic Opportunity REIT, Inc., KBS Legacy Partners Apartment REIT, Inc., KBS Strategic Opportunity REIT II, Inc. and KBS Growth & Income REIT, Inc. On January 6, 2014, the Company, together with KBS Real Estate Investment Trust II, Inc., KBS Real Estate Investment Trust III, Inc., KBS Strategic Opportunity REIT, Inc., KBS Legacy Partners Apartment REIT, Inc., KBS Strategic Opportunity REIT II, Inc., the Dealer Manager, the Advisor and other KBS-affiliated entities, entered into an errors and omissions and directors and officers liability insurance program where the lower tiers of such insurance coverage are shared. The cost of these lower tiers is allocated by the Advisor and its insurance broker among each of the various entities covered by the program, and is billed directly to each entity. The allocation of these shared coverage costs is proportionate to the pricing by the insurance marketplace for the first tiers of directors and officers liability coverage purchased individually by each REIT. The Advisor’s and the Dealer Manager’s portion of the shared lower tiers’ cost is proportionate to the respective entities’ prior cost for the errors and omissions insurance. In June 2015, KBS Growth & Income REIT, Inc. was added to the insurance program at terms similar to those described above. During the years ended December 31, 2015 , 2014 and 2013 , no other transactions occurred between the Company and the other KBS-sponsored programs. On May 18, 2012, KBS Strategic Opportunity REIT, Inc. made an $8.0 million investment in a joint venture in which the Company indirectly owns a participation interest through another joint venture investment. Pursuant to the terms of the Advisory Agreement and the AIP Reimbursement Agreement, summarized below are the related-party costs incurred by the Company for the years ended December 31, 2015 , 2014 and 2013 , respectively, and any related amounts payable as of December 31, 2015 and 2014 (in thousands): Incurred Payable as of Year Ended December 31, December 31, 2015 2014 2013 2015 2014 Expensed Asset management fees (1) $ 9,547 $ 9,992 $ 11,034 $ — $ — Reimbursement of operating expenses (2) 269 261 187 68 45 Disposition fees (3) 3,244 1,174 3,315 — 399 $ 13,060 $ 11,427 $ 14,536 $ 68 $ 444 _____________________ (1) Amounts include asset management fees from discontinued operations totaling $17,000 and $0.9 million for the years ended December 31, 2014 and 2013 , respectively. (2) Reimbursable operating expenses primarily consists of internal audit personnel costs, accounting software and cybersecurity related expenses incurred by the Advisor under the Advisory Agreement. The Company reimburses the Advisor for the Company’s allocable portion of the salaries, benefits and overhead of internal audit department personnel providing services to the Company. These amounts totaled $0.2 million , $0.2 million and $0.2 million for the years ended December 31, 2015, 2014 and 2013, respectively. These were the only types of employee costs reimbursed under the Advisory Agreement for the years ended December 31, 2015, 2014 and 2013. The Company will not reimburse for employee costs in connection with services for which the Advisor earns disposition fees (other than reimbursement of travel and communication expenses) or for the salaries or benefits the Advisor or its affiliates may pay to the Company’s executive officers. (3) Disposition fees with respect to real estate sold are included in the gain (loss) on sales of real estate in the accompanying consolidated statements of operations. Disposition fees with respect to real estate securities sold are included in the gain on sales of real estate securities in the accompanying consolidated statements of operations. Also see Note 7, “Foreclosed Real Estate Held for Sale” with respect to disposition fees on foreclosed real estate held for sale. Modification of Disposition Fee Related to GKK Properties In accordance with the Advisory Agreement, for substantial assistance in connection with the sale of properties, loans or other investments as determined by the conflicts committee of the Company’s board of directors, the Company pays the Advisor or its affiliates a disposition fee of 1% of the contract sales price of the properties, loans or other investments sold. However, in no event may the total commissions (including such disposition fees) paid to the Advisor, its affiliates and unaffiliated third parties exceed 6% of the contract sales price of the property, loan or other investment sold or exceed a competitive real estate commission. Notwithstanding the foregoing, in January 2015, the disposition fee related to the sales of GKK Properties was modified to provide that the conflicts committee will determine in its sole discretion the amount of the disposition fee related to the sale of GKK Properties upon the terms set forth below, which disposition fee may be an amount not to exceed 1% of the contract sales price, which maximum amount is consistent with the fixed percentage applicable to the sales of other properties, loans and other investments. With respect to sales of the GKK Properties, and provided that the conflicts committee determines that the Advisor has provided a substantial amount of services in connection with the sale of each GKK Property for which the payment of a disposition fee is requested by the Advisor, then: (a) With respect to portfolio or single asset sales of GKK Properties designated by the conflicts committee in its sole discretion at or about the time of the sale, the Company will pay the Advisor a fee in an amount not to exceed 1% of the contract sales price and subject to other limitations and conditions set forth in the Advisory Agreement, as determined by the conflicts committee in its sole discretion, which fee will be payable upon the respective closing; and (b) With respect to sales of all other GKK Properties for which a disposition fee has not yet been paid, if, upon the sale of the final GKK Property, the conflicts committee determines in its sole discretion that the Company has recovered its entire investment related to the GKK Mezzanine Loan and the GKK Properties subsequent to the Settlement Agreement, after taking into consideration the net cash flow received by the Company from the investment, whether in the form of (i) net proceeds from the sales or other dispositions or transfers of the GKK Properties, (ii) the net cash flow related to the GKK Mezzanine Loan, (iii) the net cash flow related to the GKK Properties subsequent to the Settlement Agreement and/or (iv) other proceeds related to the assets and liabilities received under the Settlement Agreement, then the Company will pay the Advisor a fee in an amount not to exceed 1% of the contract sales price and subject to other conditions set forth in the Advisory Agreement, as determined by the conflicts committee in its sole discretion, which fee will be payable promptly upon such determination by the conflicts committee. As of December 31, 2015 , the Company had sold 161 GKK Properties for an aggregate contract sales price of $214.1 million for which the Company had not paid or accrued a disposition fee. If the conflicts committee determines the Company has recovered its entire investment related to the GKK Mezzanine Loan and the GKK Properties upon the sale of the final GKK Property, the conflicts committee may authorize the Company to pay the Advisor a disposition fee of up to 1% of the aggregate contract sales price of these GKK Properties sold as of December 31, 2015 , which amount would be determined by the conflicts committee in its sole discretion.

SUPPLEMENTAL CASH FLOW AND SIGN

SUPPLEMENTAL CASH FLOW AND SIGNIFICANT NONCASH TRANSACTION DISCLOSURES	12 Months Ended
	Dec. 31, 2015
Supplemental Cash Flow and Significant Noncash Transaction Disclosures [Abstract]
SUPPLEMENTAL CASH FLOW AND SIGNIFICANT NONCASH TRANSACTION DISCLOSURES	SUPPLEMENTAL CASH FLOW AND SIGNIFICANT NONCASH TRANSACTION DISCLOSURES Supplemental cash flow and significant noncash transaction disclosures were as follows (in thousands): For the Years Ended December 31, 2015 2014 2013 Supplemental Disclosure of Cash Flow Information: Interest paid $ 26,541 $ 47,095 $ 60,598 Supplemental Disclosure of Significant Noncash Investing and Financing Activities: Treasury securities transferred in connection with defeasance of notes payable $ 100,229 $ — $ — Defeasance of notes payable $ (87,396 ) $ — $ — Mortgage loans extinguished in connection with foreclosures and deed in lieu of foreclosure $ — $ 54,028 $ — Increase in distributions payable $ — $ 4,699 $ — Increase in capital expenses payable $ — $ 6,004 $ 1,319

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The Company presently operates in three business segments based on its investment types: real estate, real estate-related and commercial properties primarily leased to financial institutions received under the Settlement Agreement, or the GKK Properties. Under the real estate segment, the Company has invested primarily in office and industrial properties located throughout the United States. The real estate segment excludes all real estate properties that were classified as discontinued operations. Under the real estate-related segment, the Company has invested in or originated mortgage loans, mezzanine loans and other real estate-related assets, including real estate securities. The GKK Properties segment consists of primarily office properties, bank branch properties, operations centers and other properties located in 30 states but excludes GKK Properties that were classified as discontinued operations. All revenues earned from the Company’s three reporting segments were from external customers and there were no intersegment sales or transfers. The Company does not allocate corporate-level accounts to its reporting segments. Corporate-level accounts include corporate general and administrative expenses, asset management fees, non-operating interest income and other corporate-level expenses. The accounting policies of the reporting segments are consistent with those described in Note 2, “Summary of Significant Accounting Policies.” The Company evaluates the performance of its segments based upon net operating income from continuing operations (“NOI”), which is a non-GAAP supplemental financial measure. The Company defines NOI for its real estate segment and the GKK Properties segment as operating revenues (rental income, tenant reimbursements and other operating income) less property and related expenses (property operating expenses, real estate taxes, insurance and provision for bad debt) less interest expense. The Company defines NOI for its real estate-related segment as interest income and income from its unconsolidated joint venture investment less loan servicing costs (if applicable) and interest expense (if applicable). NOI excludes certain items that are not considered to be controllable in connection with the management of an asset such as non-property income and expenses, depreciation and amortization, asset management fees and corporate general and administrative expenses. The Company uses NOI to evaluate the operating performance of the Company’s real estate investments, real estate-related investments and the GKK Properties and to make decisions about resource allocations. The Company believes that net income is the GAAP measure that is most directly comparable to NOI; however, NOI should not be considered as an alternative to net income as the primary indicator of operating performance as it excludes the items described above. Additionally, NOI as defined above may not be comparable to other REITs or companies as their definitions of NOI may differ from the Company’s definition. During the year ended December 31, 2014, the Company revised its definition of NOI to exclude asset management fees, which the Company does not consider to be controllable in connection with the management of each property or real estate-related asset and is viewed by the chief operating decision makers as a corporate-level administrative expense. NOI for all prior periods presented has been adjusted to conform to the current period definition. The following tables summarize total revenues, interest expense and NOI for each reportable segment for the years ended December 31, 2015 , 2014 and 2013 , and total assets and total liabilities for each reportable segment as of December 31, 2015 and 2014 (in thousands): Years Ended December 31, 2015 2014 2013 Revenues: Real estate segment (1) $ 67,536 $ 71,965 $ 76,087 Real estate-related segment 3,089 3,077 3,258 GKK Properties segment (1) 117,595 137,423 138,959 Total revenues $ 188,220 $ 212,465 $ 218,304 Interest expense: Real estate segment (1) $ 8,391 $ 9,613 $ 18,001 Real estate-related segment — — — GKK Properties segment (1) 21,126 36,310 43,681 Total interest expense $ 29,517 $ 45,923 $ 61,682 NOI: Real estate segment (1) $ 26,882 $ 29,437 $ 24,545 Real estate-related segment 3,087 2,940 3,255 GKK Properties segment (1) 30,004 22,634 13,629 Total NOI $ 59,973 $ 55,011 $ 41,429 December 31, 2015 2014 Assets: Real estate segment $ 499,789 $ 529,012 Real estate-related segment 27,899 29,096 GKK Properties segment 508,345 550,406 Total segment assets 1,036,033 1,108,514 Real estate held for sale 7,662 218,788 Foreclosed real estate held for sale — 12,045 Corporate-level (2) 11,170 34,791 Total assets $ 1,054,865 $ 1,374,138 Liabilities: Real estate segment $ 243,387 $ 239,802 Real estate-related segment 3 — GKK Properties segment 279,569 395,923 Total segment liabilities 522,959 635,725 Real estate held for sale 939 120,002 Corporate-level (3) 1,304 5,638 Total liabilities $ 525,202 $ 761,365 _____________________ (1) Amounts include certain properties in continuing operations that were sold or held for sale as of December 31, 2015 . See Note 6, “Real Estate Held for Sale and Discontinued Operations” for more information. (2) Total corporate-level assets consisted primarily of cash and cash equivalents of approximately $10.6 million and $34.2 million as of December 31, 2015 and 2014 , respectively. (3) As of December 31, 2015 , corporate-level liabilities consisted primarily of accounts payable and accrued liabilities for general and administrative expenses. As of December 31, 2014 , corporate-level liabilities consisted primarily of distributions payable. The following table reconciles the Company’s net loss to its NOI for the years ended December 31, 2015 , 2014 and 2013 (amounts in thousands): Years Ended December 31, 2015 2014 2013 Net loss $ (11,387 ) $ (21,266 ) $ (46,495 ) Gain on sales of real estate (99,988 ) (2,282 ) — Gain on sales of real estate securities — (4,410 ) (10,470 ) Loss (gain) from extinguishment of debt 22,518 (21,328 ) — Gain on sales of foreclosed real estate held for sale (2,509 ) (1,108 ) (378 ) Other income and interest income (1,394 ) (938 ) (3,389 ) Asset management fees to affiliate 9,547 9,975 10,110 General and administrative expenses 32,619 18,788 17,861 Depreciation and amortization 59,145 71,613 75,745 Impairment charges on real estate 49,306 10,117 40,190 Provision for loan losses 2,504 1,973 — Total income from discontinued operations (388 ) (6,123 ) (41,745 ) NOI (1) $ 59,973 $ 55,011 $ 41,429 _____________________ (1) Amounts include certain properties in continuing operations that were sold or held for sale as of December 31, 2015 . See Note 6, “Real Estate Held for Sale and Discontinued Operations” for more information.

SELECTED QUARTERLY FINANCIAL DA

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)	SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2015 and 2014 (in thousands, except per share amounts): 2015 First Quarter Second Quarter Third Quarter Fourth Quarter Revenues $ 49,577 $ 44,966 $ 44,844 $ 48,833 Total income (loss) from discontinued operations $ 168 $ (7 ) $ 305 $ (78 ) Net income (loss) attributable to common stockholders $ 8,589 $ 19,751 $ (47,411 ) $ 7,684 Income (loss) per common share, basic and diluted $ 0.05 $ 0.11 $ (0.25 ) $ 0.03 Distributions declared per common share (1) $ 0.025 $ 0.025 $ 0.025 $ 0.275 2014 First Quarter Second Quarter Third Quarter Fourth Quarter Revenues $ 54,006 $ 54,462 $ 52,885 $ 51,112 Total income from discontinued operations $ 3,152 $ 9 $ 298 $ 2,664 Net loss attributable to common stockholders $ (4,515 ) $ (7,652 ) $ (249 ) $ (8,850 ) Loss per common share, basic and diluted $ (0.02 ) $ (0.04 ) $ — $ (0.05 ) Distributions declared per common share (1) $ — $ — $ 0.025 $ 0.025 ____________________ (1) See Note 2, “Summary of Significant Accounting Policies — Per Share Data” for more information on distributions declared per common share.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Lease Obligations Pursuant to the Settlement Agreement, the Company indirectly received leasehold interests in certain commercial properties, pursuant to leases between the owner of the property, as landlord, and the Company, as tenant. The ground leases have expiration dates from 2016 through 2042 and the building leases have expiration dates from 2016 through 2085. These lease obligations generally contain rent increases and renewal options. In certain instances, the rent owed by the Company to the owner of the property under the lease is greater than the revenue received by the Company from the tenants occupying the property. Future minimum lease payments owed by the Company under non-cancelable operating building and ground leases as of December 31, 2015 were as follows (in thousands): 2016 $ 16,642 2017 12,644 2018 2,440 2019 1,774 2020 1,289 Thereafter 30,182 $ 64,971 If the Company was to dispose of an asset that is subject to a ground lease, the Company may incur additional losses to settle obligations related to the ground lease. Economic Dependency The Company is dependent on the Advisor for certain services that are essential to the Company, including the management of the Company’s real estate and real estate-related investment portfolio; the disposition of real estate and real estate-related investments; and other general and administrative responsibilities. In the event that the Advisor is unable to provide any of these services, the Company will be required to obtain such services from other sources. The Company is also dependent on the Property Manager for the Services under the Amended Services Agreement, including the operations, leasing and eventual dispositions of the GKK Properties. Environmental As an owner of real estate, the Company is subject to various environmental laws of federal, state and local governments. Although there can be no assurance, the Company is not aware of any environmental liability that could have a material adverse effect on its financial condition or results of operations. However, changes in applicable environmental laws and regulations, the uses and conditions of properties in the vicinity of the Company’s properties, the activities of its tenants and other environmental conditions of which the Company is unaware with respect to the properties could result in future environmental liabilities. Under the Settlement Agreement, the Company indirectly took title to or, with respect to a limited number of the GKK Properties, indirectly took a leasehold interest in, the GKK Properties on an “as is” basis. As such, the Company was not able to inspect the GKK Properties or conduct standard due diligence on certain of the GKK Properties before the transfers of the properties. Additionally, the Company did not receive representations, warranties and indemnities relating to the GKK Properties from Gramercy and/or its affiliates. Thus, the value of the GKK Properties may decline if the Company subsequently discovers environmental problems with the GKK Properties. Legal Matters From time to time, the Company is party to legal proceedings that arise in the ordinary course of its business. Management is not aware of any legal proceedings the outcome of which is probable or reasonably possible to have a material adverse effect on the Company’s results of operations or financial condition, which would require accrual or disclosure of the contingency and possible range of loss. Additionally, the Company has not recorded any loss contingencies related to legal proceedings in which the potential loss is deemed to be remote.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS The Company evaluates subsequent events up until the date the consolidated financial statements are issued. Distributions Declared On March 11, 2016, the Company’s board of directors declared a distribution in the amount of $0.025 per share of common stock to stockholders of record as of the close of business on March 21, 2016. The Company expects to pay this distribution on or about March 28, 2016.

SCHEDULE II VALUATION AND QUALI

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Dec. 31, 2015
Valuation and Qualifying Accounts [Abstract]
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (in thousands) Description Balance at Beginning of Year Additions Charged Against Operations Uncollectible Accounts Written-off Balance at End of Year Year Ended December 31, 2015 Allowance for doubtful accounts $ 1,051 $ (320 ) $ (258 ) $ 473 Reserve for loan losses 3,994 2,504 — 6,498 Year Ended December 31, 2014 Allowance for doubtful accounts $ 6,385 $ 683 $ (6,017 ) $ 1,051 Reserve for loan losses 2,090 1,973 (69 ) 3,994 Year Ended December 31, 2013 Allowance for doubtful accounts $ 5,297 $ 2,490 $ (1,402 ) $ 6,385 Reserve for loan losses 2,222 — (132 ) 2,090

SCHEDULE III REAL ESTATE ASSETS

SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION	12 Months Ended
	Dec. 31, 2015
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION	Initial Cost to Company Gross Amount at which Carried at Close of Period Description Location Ownership Percent Encumbrances Land Building and Improvements (1) Total Cost Capitalized Subsequent to Acquisition (2) Land Building and Improvements (1) Total (3) Accumulated Depreciation and Amortization Original Date of Construction Date Acquired Properties Held for Investment Plaza in Clayton Saint Louis, MO 100 % $ 62,200 $ 2,793 $ 91,162 $ 93,955 $ (1,201 ) $ 2,793 $ 89,961 $ 92,754 $ (22,912 ) 2001 09/27/2006 825 University Avenue Building Norwood, MA 100 % (4) 4,165 27,087 31,252 (10,207 ) 3,676 17,369 21,045 (2,903 ) 2004 / 2006 12/05/2006 Bridgeway Technology Center Newark, CA 100 % (4) 11,299 34,705 46,004 (17,938 ) 7,044 21,022 28,066 (1,510 ) 1996 06/27/2007 ADP Plaza Portland, OR 100 % (4) 5,100 28,755 33,855 3,689 5,100 32,444 37,544 (6,925 ) 1981 11/07/2007 Woodfield Preserve Office Center Schaumburg, IL 100 % (4) 7,001 121,603 128,604 (60,776 ) 5,242 62,586 67,828 — 2001 11/13/2007 Rivertech I and II Billerica, MA 100 % (4) 3,931 42,111 46,042 (4,847 ) 3,931 37,264 41,195 (9,699 ) 1983/2001,2007 02/20/2008 Tysons Dulles Plaza McLean, VA 100 % (4) 38,839 121,210 160,049 (43,263 ) 27,989 88,797 116,786 (1,037 ) 1986-1990 06/06/2008 Great Oaks Center Alpharetta, GA 100 % (4) 7,743 28,330 36,073 (17,679 ) 3,349 15,045 18,394 (980 ) 1999 07/18/2008 University Park Buildings Sacramento, CA 100 % (4) 4,520 22,029 26,549 (11,701 ) 3,054 11,794 14,848 — 1981 07/31/2008 Meridian Tower Tulsa, OK 100 % (4) 2,050 16,728 18,778 400 2,050 17,128 19,178 (3,357 ) 1982 08/18/2008 North Creek Parkway Center Bothell, WA 100 % (4) 11,200 30,755 41,955 (4,254 ) 9,941 27,760 37,701 (4,048 ) 1986-1987 08/28/2008 City Gate Plaza Sacramento, CA 100 % (4) 2,880 18,895 21,775 (6,732 ) 2,469 12,574 15,043 (163 ) 1988-1990 11/25/2008 Bentonville Benton, AR 100 % (5) 167 607 774 (14 ) 167 593 760 (197 ) 1973 / 1981 09/01/2011 RH Johnson - Main Building Sun City, AZ 100 % (5) 949 546 1,495 28 949 574 1,523 (273 ) 1981 09/01/2011 Arnold Arnold, CA 100 % (5) 213 684 897 (65 ) 213 619 832 (208 ) 1981 09/01/2011 Bay - Fair San Leandro, CA 100 % (5) 913 594 1,507 (90 ) 913 504 1,417 (205 ) 1981 09/01/2011 Burlingame - Main Building Burlingame, CA 100 % (5) 671 467 1,138 (87 ) 671 380 1,051 (174 ) 1961 09/01/2011 Canoga Park Branch Canoga Park, CA 100 % (5) 886 467 1,353 (45 ) 886 422 1,308 (184 ) 1957 09/01/2011 College Heights Bakersfield, CA 100 % (5) 582 523 1,105 (90 ) 582 433 1,015 (187 ) 1979 09/01/2011 Dinuba Dinuba, CA 100 % (5) 496 357 853 (21 ) 496 336 832 (153 ) 1972 09/01/2011 East Fresno Fresno, CA 100 % (5) 373 463 836 (37 ) 373 426 799 (182 ) 1959 09/01/2011 Folsum Folsum, CA 100 % (5) 506 402 908 (78 ) 506 324 830 (146 ) 1981 09/01/2011 Fort Bragg Fort Bragg, CA 100 % (5) 332 528 860 (85 ) 332 443 775 (179 ) 1975 09/01/2011 Hanford - Main Building Hanford, CA 100 % (5) 466 614 1,080 (36 ) 466 578 1,044 (233 ) 1976 09/01/2011 Healdsburg Healdsburg, CA 100 % (5) 850 407 1,257 (33 ) 850 374 1,224 (152 ) 1979 09/01/2011 Hemet Branch Hemet, CA 100 % (5) 1,200 780 1,980 — 1,200 780 1,980 (407 ) 1982 09/01/2011 Hilltop Redding, CA 100 % (5) 773 437 1,210 (44 ) 773 393 1,166 (171 ) 1982 09/01/2011 Lemoore Lemoore, CA 100 % (5) 175 407 582 108 175 515 690 (206 ) 1959 09/01/2011 Livermore Livermore, CA 100 % (5) 755 655 1,410 (35 ) 755 620 1,375 (254 ) 1982 09/01/2011 Martin Luther King Jr. Los Angeles, CA 100 % (5) 1,278 626 1,904 (43 ) 1,278 583 1,861 (256 ) 1971 09/01/2011 Mission-23rd San Francisco, CA 100 % (5) 618 471 1,089 — 618 471 1,089 (215 ) 1925 09/01/2011 Montrose Branch Montrose, CA 100 % (5) 906 402 1,308 (18 ) 906 384 1,290 (167 ) 1952 09/01/2011 Initial Cost to Company Gross Amount at which Carried at Close of Period Description Location Ownership Percent Encumbrances Land Building and Improvements (1) Total Cost Capitalized Subsequent to Acquisition (2) Land Building and Improvements (1) Total (3) Accumulated Depreciation and Amortization Original Date of Construction Date Acquired Ontario Plaza Branch Ontario, CA 100 % (5) $ 370 $ 439 $ 809 $ 68 $ 370 $ 507 $ 877 $ (179 ) 1982 09/01/2011 Orangevale Branch Orangevale, CA 100 % (5) 469 798 1,267 (121 ) 469 677 1,146 (212 ) 1978 09/01/2011 Oroville Oroville, CA 100 % (5) 669 381 1,050 (69 ) 669 312 981 (128 ) 1981 09/01/2011 Pleasanton Pleasanton, CA 100 % (5) 944 448 1,392 (24 ) 944 424 1,368 (165 ) 1981 09/01/2011 Porterville - Main Building Porterville, CA 100 % (5) 729 457 1,186 (58 ) 729 399 1,128 (178 ) 1974 09/01/2011 Reedley Reedley, CA 100 % (5) 450 541 991 (53 ) 450 488 938 (187 ) 1964 09/01/2011 Reseda Branch Reseda, CA 100 % (5) 449 388 837 (35 ) 449 353 802 (167 ) 1958 09/01/2011 Ridgecrest Ridgecrest, CA 100 % (5) 634 478 1,112 (53 ) 634 425 1,059 (193 ) 1973 09/01/2011 Sherman Oaks Sherman Oaks, CA 100 % (5) 957 483 1,440 (49 ) 957 434 1,391 (191 ) 1958 09/01/2011 Slauson - Vermont Los Angeles, CA 100 % (5) 1,159 609 1,768 (23 ) 1,159 586 1,745 (257 ) 1971 09/01/2011 St. Helena St. Helena, CA 100 % (5) 824 763 1,587 (120 ) 824 643 1,467 (237 ) 1976 09/01/2011 Turlock - Main Building Turlock, CA 100 % (5) 805 556 1,361 (45 ) 805 511 1,316 (274 ) 1971 09/01/2011 Vernon Branch Vernon, CA 100 % (5) 1,102 566 1,668 (53 ) 1,102 513 1,615 (225 ) 1960 09/01/2011 Batterson Farmington, CT 100 % (5) 3,390 7,113 10,503 3 3,390 7,116 10,506 (2,991 ) 1970 09/01/2011 Greenwich Greenwich, CT 100 % (5) 1,353 5,675 7,028 103 1,353 5,778 7,131 (1,880 ) 1927 09/01/2011 North Wakefield Drive Newark, DE 100 % (5) 1,662 10,166 11,828 — 1,662 10,166 11,828 (3,097 ) 1996 09/01/2011 Baypoint Miami, FL 100 % (5) 246 619 865 (122 ) 246 497 743 (185 ) 1958 09/01/2011 Bayshore - Main Building Bradentown, FL 100 % (5) 391 445 836 89 391 534 925 (184 ) 1971 09/01/2011 Coral Ridge - Main Building Ft. Lauderdale, FL 100 % (5) 835 1,099 1,934 (136 ) 835 963 1,798 (637 ) 1969 09/01/2011 Crystal River - Main Building Crystal River, FL 100 % (5) 119 329 448 10 119 339 458 (123 ) 1970 09/01/2011 Homestead - Main Building Homestead, FL 100 % (5) 1,113 578 1,691 (87 ) 1,113 491 1,604 (215 ) 1973 09/01/2011 Live Oak - Main Building Live Oak, FL 100 % (5) 679 942 1,621 — 679 942 1,621 (720 ) 1965 09/01/2011 Midway - Main Building Miami, FL 100 % (5) 1,401 826 2,227 (68 ) 1,401 758 2,159 (321 ) 1974 09/01/2011 Plantation - Main Building Plantation, FL 100 % (5) 1,189 1,092 2,281 6 1,189 1,098 2,287 (298 ) 1976 / 2002 09/01/2011 Trouble Creek - Main Building New Port Richey, FL 100 % (5) 453 478 931 (71 ) 453 407 860 (158 ) 1970 09/01/2011 West Sunrise - Main Building Plantation, FL 100 % (5) 1,060 1,146 2,206 123 1,060 1,269 2,329 (746 ) 1976 09/01/2011 Weeki Wachee - Main Building Brooksville, FL 100 % (5) 407 813 1,220 (145 ) 407 668 1,075 (282 ) 1970 09/01/2011 Westside - Main Building Bradenton, FL 100 % (5) 608 388 996 (43 ) 608 345 953 (139 ) 1964 09/01/2011 Aberdeen Village - Main Building Peachtree City, GA 100 % (5) 564 1,830 2,394 — 564 1,830 2,394 (587 ) 1981 09/01/2011 East Point - Main Building East Point, GA 100 % (5) 319 337 656 7 319 344 663 (116 ) 1981 09/01/2011 Exchange Street Malden, MA 100 % (5) 6,856 10,795 17,651 (2,192 ) 6,856 8,603 15,459 (3,229 ) 1984 09/01/2011 Wheaton - Main Building Wheaton, MD 100 % (5) 1,245 939 2,184 (95 ) 1,245 844 2,089 (213 ) 1960 / 2003 09/01/2011 Gannett Drive South Portland, ME 100 % (5) 953 1,905 2,858 — 953 1,905 2,858 (726 ) 1997 09/01/2011 Ballwin Facility - Main Building Ballwin, MO 100 % (5) 114 464 578 (8 ) 114 456 570 (175 ) 1972 09/01/2011 Initial Cost to Company Gross Amount at which Carried at Close of Period Description Location Ownership Percent Encumbrances Land Building and Improvements (1) Total Cost Capitalized Subsequent to Acquisition (2) Land Building and Improvements (1) Total (3) Accumulated Depreciation and Amortization Original Date of Construction Date Acquired Belton Facility - Main Building Belton, MO 100 % (5) $ 454 $ 574 $ 1,028 $ (83 ) $ 453 $ 492 $ 945 $ (191 ) 1976 09/01/2011 Forsyth Facility - Main Building Forsyth, MO 100 % (5) 83 239 322 15 83 254 337 (104 ) 1960 09/01/2011 I-70 & Noland Facility - Main Bldg Independence, MO 100 % (5) 598 640 1,238 (136 ) 598 504 1,102 (178 ) 1981 09/01/2011 Gateway Center - Charlotte Charlotte, NC 100 % (5) 6,334 22,712 29,046 716 6,334 23,428 29,762 (7,255 ) 1987 / 1988 09/01/2011 Gateway Land Charlotte, NC 100 % — 2,297 — 2,297 — 2,297 — 2,297 — N/A 08/31/2015 Nashua Main Nashua, NH 100 % (5) 334 2,639 2,973 (88 ) 334 2,551 2,885 (904 ) 1800 09/01/2011 Portsmouth Pleasant Portsmouth, NH 100 % (5) 317 673 990 (31 ) 317 642 959 (250 ) 1860s 09/01/2011 Arthur Street East Brunswick, NJ 100 % (5) 1,010 941 1,951 41 1,010 982 1,992 (349 ) 1972 09/01/2011 Beechwood Road Summit, NJ 100 % (5) 465 651 1,116 (272 ) 465 379 844 (81 ) 1957 09/01/2011 Bellevue Avenue Hammonton, NJ 100 % (5) 382 2,200 2,582 (996 ) 379 1,207 1,586 — 1964 09/01/2011 Bergenline Avenue Union City, NJ 100 % (5) 179 370 549 (104 ) 179 266 445 (109 ) 1970 09/01/2011 Bridgewater Bridgewater, NJ 100 % (5) 1,493 2,530 4,023 282 1,493 2,812 4,305 (603 ) 1974 / 1980 09/01/2011 Lakewood Route 70 Lakewood, NJ 100 % (5) 1,328 953 2,281 52 1,328 1,005 2,333 (448 ) 1988 09/01/2011 Maplewood Avenue Maplewood, NJ 100 % (5) 406 497 903 (173 ) 406 324 730 (151 ) 1926 / 1983 09/01/2011 Pennsauken Pennsauken, NJ 100 % (5) 750 794 1,544 (138 ) 750 656 1,406 (301 ) 1966 09/01/2011 Springfield Avenue Summit, NJ 100 % (5) 2,166 769 2,935 51 2,166 820 2,986 (346 ) 1929 09/01/2011 Wood Avenue Linden, NJ 100 % (5) 1,657 1,043 2,700 (60 ) 1,657 983 2,640 (400 ) 1955 / 1970 09/01/2011 Amador (Las Cruces) - Main Bldg Las Cruces, NM 100 % (5) 120 634 754 (103 ) 120 531 651 (196 ) 1970 / 1991 09/01/2011 Santa Fe-Metro Bank - Main Bldg Santa Fe, NM 100 % (5) — 1,646 1,646 (115 ) — 1,531 1,531 (479 ) 1972 / 1985 09/01/2011 Genesee Street Auburn, NY 100 % (5) 284 1,241 1,525 18 284 1,259 1,543 (473 ) 1928 09/01/2011 Jamaica Jamaica, NY 100 % (5) 185 953 1,138 (5 ) 185 948 1,133 (215 ) 1960 / 2001 09/01/2011 Levittown Levittown, NY 100 % (5) 543 389 932 125 543 514 1,057 (183 ) 1962 09/01/2011 Merrick Avenue Merrick, NY 100 % (5) 259 1,846 2,105 (212 ) 259 1,634 1,893 (513 ) 1952 09/01/2011 Park Avenue Wantagh, NY 100 % (5) 213 360 573 (42 ) 213 318 531 (118 ) 1953 09/01/2011 State Street Albany, NY 100 % (5) 865 7,631 8,496 (4,039 ) 597 3,860 4,457 — 1927 / 1980s 09/01/2011 Transit Road West Seneca, NY 100 % (5) 665 6,065 6,730 965 665 7,030 7,695 (2,947 ) 1972 09/01/2011 Wantagh West Hempstead, NY 100 % (5) 928 1,787 2,715 (82 ) 928 1,705 2,633 (445 ) 1940 / 2002 09/01/2011 31st Street - Main Building Tulsa, OK 100 % (5) 400 591 991 (38 ) 400 553 953 (190 ) 1972 / 1979 09/01/2011 Gresham - Main Building Gresham, OR 100 % (5) 374 668 1,042 (67 ) 374 601 975 (194 ) 1978 09/01/2011 Parkrose - Main Building Portland, OR 100 % (5) 216 326 542 2 216 328 544 (142 ) 1967 09/01/2011 Blair Mill Road Horsham, PA 100 % (5) 1,171 1,794 2,965 3,155 1,171 4,949 6,120 (1,519 ) 1985 09/01/2011 Bustleton Avenue Philadelphia, PA 100 % (5) 188 788 976 17 188 805 993 (288 ) 1953 09/01/2011 Post Road North Kingstown, RI 100 % (5) 825 1,527 2,352 (418 ) 825 1,109 1,934 (282 ) 1988 09/01/2011 Hilton Head-Pope Ave - Main Bldg Hilton Head, SC 100 % (5) 527 646 1,173 (269 ) 527 377 904 (146 ) 1981 09/01/2011 Initial Cost to Company Gross Amount at which Carried at Close of Period Description Location Ownership Percent Encumbrances Land Building and Improvements (1) Total Cost Capitalized Subsequent to Acquisition (2) Land Building and Improvements (1) Total (2) Accumulated Depreciation and Amortization Original Date of Construction Date Acquired Rock Hill MO - Main Building Rock Hill, SC 100 % (5) $ 553 $ 538 $ 1,091 $ 160 $ 553 $ 698 $ 1,251 $ (115 ) 1986 09/01/2011 Beaumont - Main Building Beaumont, TX 100 % (5) 181 369 550 (109 ) 181 260 441 (114 ) 1958 09/01/2011 Harlandale - Main Building San Antonio, TX 100 % (5) 282 418 700 (45 ) 282 373 655 (159 ) 1970 09/01/2011 Northern Hills - Main Building San Antonio, TX 100 % (5) 342 449 791 (101 ) 342 348 690 (135 ) 1979 09/01/2011 Steeplechase - Main Building Houston, TX 100 % (5) 286 637 923 (301 ) 286 336 622 (147 ) 1981 09/01/2011 Witchita Falls - Main Building Wichita Falls, TX 100 % (5) 566 780 1,346 (318 ) 566 462 1,028 (194 ) 1978 09/01/2011 Abingdon - Main Building Abingdon, VA 100 % (5) 375 295 670 (22 ) 375 273 648 (121 ) 1964 / 1980 09/01/2011 Fairfax Courthouse Fairfax, VA 100 % (5) 590 968 1,558 93 590 1,061 1,651 (264 ) 1932 / 2000 09/01/2011 Orange - Main Building Orange, VA 100 % (5) 48 266 314 (71 ) 48 195 243 (90 ) 1925 09/01/2011 Robinson & Broad - Main Building Richmond, VA 100 % (5) 291 573 864 (63 ) 291 510 801 (213 ) 1947 / 1985 09/01/2011 Camas - Main Building Camas, WA 100 % (5) 386 243 629 (40 ) 386 203 589 (88 ) 1951 09/01/2011 Clarkston - Main Building Clarkston, WA 100 % (5) 205 610 815 (25 ) 205 585 790 (215 ) 1958 09/01/2011 Edmonds - Main Building Edmonds, WA 100 % (5) 367 348 715 27 367 375 742 (181 ) 1956 09/01/2011 Greenwood - Main Building Seattle, WA 100 % (5) 104 221 325 12 104 233 337 (109 ) 1948 09/01/2011 Kennewick - Main Building Kennewick, WA 100 % (5) 243 673 916 (37 ) 243 636 879 (167 ) 1977 / 1991 09/01/2011 Sequim - Main Building Sequim, WA 100 % (5) 377 370 747 8 377 378 755 (138 ) 1979 09/01/2011 Wenatchee Valley - Main Building Wenatchee, WA 100 % (5) 19 456 475 162 19 618 637 (183 ) 1965 / 1992 09/01/2011 Ballard - Main Building Seattle, WA 100 % (5) 270 326 596 77 270 403 673 (165 ) 1951 09/01/2011 Daytona Beach Spdwy - Main Bldg Daytona Beach, FL 100 % (5) 1,060 638 1,698 42 1,060 680 1,740 (278 ) 1974 09/01/2011 Palm Beach Vault West Palm Beach, FL 100 % (5) 854 533 1,387 (40 ) 854 493 1,347 (195 ) 1997 09/01/2011 Redmond - Main Building Redmond, OR 100 % (5) 50 206 256 (8 ) 50 198 248 (75 ) 1925 / 1982 09/01/2011 Las Vegas Ops Center Las Vegas, NV 100 % (5) 5,313 4,474 9,787 (4,066 ) 3,949 1,772 5,721 — 1972 / 1990 09/01/2011 Barbee Chapel Road Chapel Hill, NC 100 % (6) 117 610 727 — 117 610 727 (120 ) 2005 09/01/2011 Bernwood Park Bonita Springs, FL 100 % (6) 1,106 1,891 2,997 — 1,106 1,891 2,997 (363 ) 2003 09/01/2011 Charlotte Harbor Office Port Charlotte, FL 100 % (6) 191 633 824 — 191 633 824 (229 ) 1981 09/01/2011 Cypress Point Palm Coast, FL 100 % (6) 984 2,456 3,440 — 984 2,456 3,440 (503 ) 1995 09/01/2011 Hudson Office Hudson, FL 100 % (6) 1,000 2,478 3,478 — 1,000 2,478 3,478 (637 ) 1978 09/01/2011 Marco Island Office Marco Island, FL 100 % (6) 768 2,021 2,789 — 768 2,021 2,789 (682 ) 1967 09/01/2011 North Lockwood Ridge Sarasota, FL 100 % (6) 468 1,231 1,699 (420 ) 344 935 1,279 (190 ) 2000 09/01/2011 West Bradenton Bradenton, FL 100 % (6) 382 1,368 1,750 — 382 1,368 1,750 (339 ) 1989 09/01/2011 Cheshire Sheridan Atlanta, GA 100 % (6) 861 2,261 3,122 — 861 2,261 3,122 (771 ) 1971 09/01/2011 Edgewood Columbus, GA 100 % (6) 146 387 533 (99 ) 145 289 434 (117 ) 1974 09/01/2011 University Place Office Charlotte, NC 100 % (6) 862 1,990 2,852 — 862 1,990 2,852 (465 ) 1993 09/01/2011 Forest Drive Office Columbia, SC 100 % (6) 363 1,035 1,398 — 363 1,035 1,398 (266 ) 1996 09/01/2011 Initial Cost to Company Gross Amount at which Carried at Close of Period Description Location Ownership Percent Encumbrances Land Building and Improvements (1) Total Cost Capitalized Subsequent to Acquisition (2) Land Building and Improvements (1) Total (3) Accumulated Depreciation and Amortization Original Date of Construction Date Acquired Land O’Lakes Office Lutz, FL 100 % (6) $ 431 $ 1,764 $ 2,195 $ — $ 431 $ 1,764 $ 2,195 $ (428 ) 1988 09/01/2011 West Placerville Branch Placerville, CA 100 % (6) 388 873 1,261 — 388 873 1,261 (392 ) 1984 09/01/2011 New Smyrna Beach East New Smyrna Beach, FL 100 % (7) 472 861 1,333 — 472 861 1,333 (250 ) 1983 09/01/2011 Hamilton Square Hamilton Square, NJ 100 % (7) 361 1,251 1,612 (200 ) 361 1,051 1,412 (357 ) 1940 09/01/2011 East Commercial Blvd (Relo) Fort Lauderdale, FL 100 % (7) 523 1,857 2,380 — 523 1,857 2,380 (624 ) 1975 09/01/2011 Largo Office Largo, FL 100 % (7) 757 1,577 2,334 — 757 1,577 2,334 (490 ) 1980 09/01/2011 New Citrus Park Tampa, FL 100 % (7) 853 2,069 2,922 — 853 2,069 2,922 (361 ) 2001 09/01/2011 Providence Square Marietta, GA 100 % (7) 536 1,573 2,109 — 536 1,573 2,109 (417 ) 1982 09/01/2011 Ashley Village Cary, NC 100 % (7) 428 1,373 1,801 — 428 1,373 1,801 (293 ) 1996 09/01/2011 West Market Street Greensboro, NC 100 % (7) 304 1,034 1,338 — 304 1,034 1,338 (210 ) 1996 09/01/2011 Harbison Office Irmo, SC 100 % (7) 369 1,338 1,707 — 369 1,338 1,707 (305 ) 1994 09/01/2011 Virginia Beach Shore Drive Virginia Beach, VA 100 % (7) 276 1,593 1,869 — 276 1,593 1,869 (401 ) 1979 09/01/2011 Cypress Lake Drive Fort Myers, FL 100 % (7) 795 1,829 2,624 (7 ) 788 1,829 2,617 (353 ) 1998 09/01/2011 Woodstock Crossing Woodstock, GA 100 % (7) 606 1,376 1,982 — 606 1,376 1,982 (358 ) 1994 09/01/2011 The Avenues Jacksonville, FL 100 % (7) 438 1,163 1,601 — 438 1,163 1,601 (234 ) 1999 09/01/2011 Roseville Branch Roseville, CA 100 % (7) 655 1,870 2,525 — 655 1,870 2,525 (602 ) 1987 09/01/2011 Valley Springs Valley Springs, CA 100 % (7) 123 886 1,009 — 123 886 1,009 (254 ) 1992 09/01/2011 Lake Community Bank Lakeport, CA 100 % (7) 564 2,211 2,775 — 564 2,211 2,775 (697 ) 1994 09/01/2011 Park Hill N. Little Rock, AR 100 % (8) 175 691 866 (173 ) 175 518 693 (171 ) 1965 09/01/2011 Holiday Holiday, FL 100 % (8) 734 1,324 2,058 (270 ) 734 1,054 1,788 (310 ) 1973 09/01/2011 Village Circle Chapel Hill, NC 100 % (8) 367 2,312 2,679 — 367 2,312 2,679 (684 ) 2005 09/01/2011 Bloomingdale Brandon, FL 100 % (8) 379 787 1,166 — 379 787 1,166 (275 ) 1980 09/01/2011 Cedar Shores Office Ocala, FL 100 % (8) 749 943 1,692 — 749 943 1,692 (236 ) 1990 09/01/2011 Grove City Office Grove City, FL 100 % (8) 536 1,217 1,753 — 536 1,217 1,753 (314 ) 1978 09/01/2011 Bluegrass Office Alpharetta, GA 100 % (8) 595 1,521 2,116 (119 ) 476 1,521 1,997 (310 ) 1997 09/01/2011 LaVista Road Tucker, GA 100 % (8) 659 1,225 1,884 — 659 1,225 1,884 (307 ) 2002 09/01/2011 Garner Office Garner, NC 100 % (8) 526 1,372 1,898 — 526 1,372 1,898 (270 ) 1998 09/01/2011 James Island Charleston, SC 100 % (8) 665 1,258 1,923 — 665 1,258 1,923 (257 ) 1999 09/01/2011 Chester Chester, VA 100 % (8) 187 368 555 — 187 368 555 (161 ) 1986 09/01/2011 Haddonfield - Kings Haddonfield, NJ 100 % (8) 196 914 1,110 — 196 914 1,110 (182 ) 1986 09/01/2011 Staples Mill Richmond, VA 100 % (8) 368 737 1,105 — 368 737 1,105 (298 ) 1974 09/01/2011 Cameron Park Cameron Park, CA 100 % (8) 454 1,566 2,020 — 454 1,566 2,020 (476 ) 1993 09/01/2011 Sonora - Branch Sonora, CA 100 % (8) 27 1,284 1,311 — 27 1,284 1,311 (432 ) 1980 09/01/2011 Simpsonville Main Office Simpsonville, SC 100 % (9) 292 677 969 — 292 677 969 (258 ) 1981 09/01/2011 Initial Cost to Company Gross Amount at which Carried at Close of Period Description Location Ownership Percent Encumbrances Land Building and Improvements (1) Total Cost Capitalized Subsequent to Acquisition (2) Land Building and Improvements (1) Total (3) Accumulated Depreciation and Amortization Original Date of Construction Date Acquired Banner Elk Banner Elk, NC 100 % (9) $ 221 $ 492 $ 713 $ — $ 221 $ 492 $ 713 $ (253 ) 1985 09/01/2011 47th Terrace Office Cape Coral, FL 100 % (9) 567 1,509 2,076 — 567 1,509 2,076 (293 ) 1986 09/01/2011 Altamonte Crossing Office Altamonte Springs, FL 100 % (9) 799 1,254 2,053 — 799 1,254 2,053 (322 ) 1992 09/01/2011 Bradenton City Bradenton, FL 100 % (9) 674 1,097 1,771 (689 ) 387 695 1,082 (154 ) 1999 09/01/2011 Brandon Brandon, FL 100 % (9) 373 1,022 1,395 — 373 1,022 1,395 (300 ) 1981 09/01/2011 Cordova Office - Pensacola Pensacola, FL 100 % (9) 270 759 1,029 — 270 759 1,029 (177 ) 1986 09/01/2011 Deerfield Beach (H.S.) Deerfield Beach, FL 100 % (9) 1,239 2,278 3,517 — 1,239 2,278 3,517 (458 ) 1986 09/01/2011 Holly Hill Office Holly Hill, FL 100 % (9) 301 756 1,057 — 301 756 1,057 (302 ) 1961 09/01/2011 Sawgrass Plantation, FL 100 % (9) 1,094 1,345 2,439 — 1,094 1,345 2,439 (321 ) 1995 09/01/2011 Vero-West (1st Am.) Vero Beach, FL 100 % (9) 344 1,011 1,355 (199 ) 344 812 1,156 (215 ) 1984 09/01/2011 Lilburn Office Lilburn, GA 100 % (9) 493 870 1,363 — 493 870 1,363 (273 ) 1986 09/01/2011 Stonehenge Office Raleigh, NC 100 % (9) 766 1,485 2,251 — 766 1,485 2,251 (295 ) 1994 09/01/2011 Centerville Manakin-Sabot, VA 100 % (9) 797 832 1,629 — 797 832 1,629 (288 ) 1973 09/01/2011 El Dorado Hills Branch El Dorado Hills, CA 100 % (9) 618 1,548 2,166 (75 ) 618 1,473 2,091 (410 ) 2000 09/01/2011 Sutter Creek Sutter Creek, CA 100 % (9) 215 522 737 — 215 522 737 (212 ) 1984 09/01/2011 Albemarle Road Charlotte, NC 100 % (10) 240 563 803 — 240 563 803 (204 ) 1979 09/01/2011 Beatties Ford Road Charlotte, NC 100 % (10) 184 490 674 — 184 490 674 (185 ) 1970 09/01/2011 Belhaven Boulevard Charlotte, NC 100 % (10) 240 501 741 (80 ) 240 421 661 (132 ) 1966 09/01/2011 Boger City Lincolnton, NC 100 % (10) 182 588 770 — 182 588 770 (231 ) 1971 09/01/2011 Boone Main Office Boone, NC 100 % (10) 128 753 881 (61 ) 128 692 820 (216 ) 1970 09/01/2011 Burgaw Main Office Burgaw, NC 100 % (10) 106 382 488 (27 ) 106 355 461 (112 ) 1963 09/01/2011 Burlington Main Office Burlington, NC 100 % (10) 213 1,220 1,433 (41 ) 213 1,179 1,392 (315 ) 1982 09/01/2011 Cameron Village Raleigh, NC 100 % (10) 300 822 1,122 — 300 822 1,122 (288 ) 1985 09/01/2011 Candler Candler, NC 100 % (10) 157 431 588 — 157 431 588 (163 ) 1977 09/01/2011 Carmel Commons Charlotte, NC 100 % (10) 502 898 1,400 — 502 898 1,400 (303 ) 1980 09/01/2011 Carolina Beach Carolina Beach, NC 100 % (10) 194 1,045 1,239 — 194 1,045 1,239 (342 ) 1971 09/01/2011 Cary Village Cary, NC 100 % (10) 132 540 672 (60 ) 132 480 612 (81 ) 1997 09/01/2011 Cherryville Cherryville, NC 100 % (10) 96 468 564 — 96 468 564 (168 ) 1965 09/01/2011 Columbus Columbus, NC 100 % (10) 58 307 365 (32 ) 58 275 333 (85 ) 1971 09/01/2011 Cornelius Cornelius, NC 100 % (10) 983 989 1,972 — 983 989 1,972 (270 ) 1989 09/01/2011 Cumberland Fayetteville, NC 100 % (10) 186 551 737 — 186 551 737 (192 ) 1982 09/01/2011 Dallas Dallas, NC 100 % (10) 110 379 489 (40 ) 110 339 449 (106 ) 1972 09/01/2011 Denver Denver, NC 100 % (10) 75 333 408 (36 ) 75 297 372 (93 ) 1974 09/01/2011 Dixie Village Gastonia, NC 100 % (10) 137 513 650 — 137 513 650 (192 ) 1972 09/01/2011 Initial Cost to Company Gross Amount at which Carried at Close of Period Description Location Ownership Percent Encumbrances Land Building and Improvements (1) Total Cost Capitalized Subsequent to Acquisition (2) Land Building and Improvements (1) Total (3) Accumulated Depreciation and Amortization Original Date of Construction Date Acquired Eden Main Office Eden, NC 100 % (10) $ 219 $ 662 $ 881 $ (106 ) $ 219 $ 556 $ 775 $ (153 ) 1980 09/01/2011 Elizabethtown Main Elizabethtown, NC 100 % (10) 71 592 663 — 71 592 663 (201 ) 1962 09/01/2011 Farmville Farmville, NC 100 % (10) 112 892 1,004 (39 ) 112 853 965 (265 ) 1965 09/01/2011 Fayetteville Dwntown Fayetteville, NC 100 % (10) 216 452 668 (109 ) 216 343 559 (91 ) 1980 09/01/2011 Garner Garner, NC 100 % (10) 126 704 830 (39 ) 126 665 791 (207 ) 1971 09/01/2011 Gastonia Main Office Gastonia, NC 100 % (10) 313 1,277 1,590 (115 ) 279 1,196 1,475 (318 ) 1977 09/01/2011 Guilford College Greensboro, NC 100 % (10) 235 803 1,038 — 235 803 1,038 (249 ) 1983 09/01/2011 Henderson Mo Relc Henderson, NC 100 % (10) 116 1,145 1,261 — 116 1,145 1,261 (286 ) 1994 09/01/2011 Hillsborough Hillsborough, NC 100 % (10) 55 383 438 (35 ) 55 348 403 (107 ) 1920 09/01/2011 Hilltop Plaza Monroe, NC 100 % (10) 352 935 1,287 — 352 935 1,287 (245 ) 1993 09/01/2011 Hospital - Greenville Greenville, NC 100 % (10) 407 737 1,144 — 407 737 1,144 (202 ) 1991 09/01/2011 Kenansville Kenansville, NC 100 % (10) 90 463 553 — 90 463 553 (170 ) 1970 09/01/2011 Kinston Main Office Kinston, NC 100 % (10) 136 1,121 1,257 (42 ) 136 1,079 1,215 (279 ) 1982 09/01/2011 Landfall Wilmington, NC 100 % (10) 353 1,116 1,469 — 353 1,116 1,469 (298 ) 1989 09/01/2011 Marion Main Office Marion, NC 100 % (10) 232 1,341 1,573 — 232 1,341 1,573 (354 ) 1982 09/01/2011 Mooresville Main Mooresville, NC 100 % (10) 195 756 951 (65 ) 195 691 886 (214 ) 1957 09/01/2011 Mt Olive Main Office Mount Olive, NC 100 % (10) 119 404 523 — 119 404 523 (175 ) 1962 09/01/2011 Myers Park Charlotte, NC 100 % (10) 340 1,477 1,817 — 340 1,477 1,817 (495 ) 1974 09/01/2011 North Asheville Asheville, NC 100 % (10) 73 430 503 — 73 430 503 (147 ) 1973 09/01/2011 North Boulevard - Raleigh Raleigh, NC 100 % (10) 266 689 955 — 266 689 955 (197 ) 1986 09/01/2011 North Durham Durham, NC 100 % (10) 202 429 631 — 202 429 631 (169 ) 1982 09/01/2011 North Henderson Henderson, NC 100 % (10) 92 247 339 (39 ) 92 208 300 (71 ) 1969 09/01/2011 North Raleigh Raleigh, NC 100 % (10) 188 472 660 — 188 472 660 (164 ) 1979 09/01/2011 Northeast Charlotte, NC 100 % (10) 538 766 1,304 — 538 766 1,304 (299 ) 1962 09/01/2011 Northwood High Point, NC 100 % (10) 184 396 580 — 184 396 580 (165 ) 1980 09/01/2011 Park Road Charlotte, NC 100 % (10) 376 766 1,142 — 376 766 1,142 (275 ) 1971 09/01/2011 Pavilions Winston-Salem, NC 100 % (10) 574 1,284 1,858 — 574 1,284 1,858 (311 ) 1989 09/01/2011 Pinehurst Pinehurst, NC 100 % (10) 214 602 816 (96 ) 214 506 720 (158 ) 1904 09/01/2011 Pleasant Garden Pleasant Garden, NC 100 % (10) 97 235 332 (46 ) 97 189 286 (62 ) 1935 09/01/2011 Reidsville Main Office Reidsville, NC 100 % (10) 160 349 509 (60 ) 160 289 449 (98 ) 1900 09/01/2011 Reynolda Winston-Salem, NC 100 % (10) 236 518 754 — 236 518 754 (211 ) 1972 09/01/2011 Salisbury Main Office Salisbury, NC 100 % (10) 413 987 1,400 — 413 987 1,400 (303 ) 1983 09/01/2011 Salisbury West Salisbury, NC 100 % (10) 351 189 540 — 351 189 540 (99 ) 1994 09/01/2011 Sardis Village Charlotte, NC 100 % (10) 624 747 1,371 — 624 747 1,371 (285 ) 1982 09/01/2011 Initial Cost to Company Gross Amount at which Carried at Close of Period Description Location Ownership Percent Encumbrances Land Building and Improvements (1) Total Cost Capitalized Subsequent to Acquisition (2) Land Building and Improvements (1) Total (3) Accumulated Depreciation and Amortization Original Date of Construction Date Acquired Signal Hill Statesville, NC 100 % (10) $ 407 $ 657 $ 1,064 $ — $ 407 $ 657 $ 1,064 $ (264 ) 1975 09/01/2011 Six Forks Raleigh, NC 100 % (10) 338 1,053 1,391 — 338 1,053 1,391 (283 ) 1986 09/01/2011 South Elm Greensboro, NC 100 % (10) 220 575 795 — 220 575 795 (247 ) 1969 09/01/2011 South Park Greenville Greenville, NC 100 % (10) 237 478 715 — 237 478 715 (181 ) 1980 09/01/2011 South Square Durham, NC 100 % (10) 288 482 770 — 288 482 770 (178 ) 1983 09/01/2011 South Pines Main Office Southern Pines, NC 100 % (10) 399 742 1,141 — 399 742 1,141 (323 ) 1974 09/01/2011 Southwinds Spring Lake, NC 100 % (10) 395 886 1,281 — 395 886 1,281 (243 ) 1994 09/01/2011 Southwood Square High Point, NC 100 % (10) 348 716 1,064 — 348 716 1,064 (294 ) 1981 09/01/2011 Spruce Pine Main Spruce Pine, NC 100 % (10) 172 953 1,125 — 172 953 1,125 (342 ) 1930 09/01/2011 Statesville Main Office Statesville, NC 100 % (10) 130 1,852 1,982 — 130 1,852 1,982 (590 ) 1910 09/01/2011 Swansboro Swansboro, NC 100 % (10) 92 272 364 (27 ) 92 245 337 (77 ) 1975 09/01/2011 Troutman Troutman, NC 100 % (10) 319 400 719 (133 ) 319 267 586 (86 ) 1975 09/01/2011 Tryon Main Office Tryon, NC 100 % (10) 87 1,067 1,154 — 87 1,067 1,154 (330 ) 1966 09/01/2011 Twin Rivers New Bern, NC 100 % (10) 255 414 669 (82 ) 255 332 587 (91 ) 1979 09/01/2011 Union Road Gastonia, NC 100 % (10) 203 750 953 (92 ) 203 658 861 (172 ) 1981 09/01/2011 University Wilmington, NC 100 % (10) 397 852 1,249 (30 ) 367 852 1,219 (330 ) 1974 09/01/2011 Village Drive Fayetteville, NC 100 % (10) 293 406 699 — 293 406 699 (166 ) 1973 09/01/2011 Combee Lakeland, FL 100 % — 198 501 699 — 198 501 699 (206 ) 1980 09/01/2011 Lantana Lantana, FL 100 % — 604 781 1,385 (203 ) 604 578 1,182 (189 ) 1963 09/01/2011 Monument Road Jacksonville, FL 100 % — 947 2,475 3,422 — 947 2,475 3,422 (613 ) 1986 09/01/2011 North Boca Raton Boca Raton, FL 100 % — 276 806 1,082 — 276 806 1,082 (282 ) 1981 09/01/2011 Ridge Road New Port Richey, FL 100 % — 152 554 706 — 152 554 706 (201 ) 1981 09/01/2011 Rockledge Rockledge, FL 100 % — 230 627 857 — 230 627 857 (273 ) 1982 09/01/2011 S. Mandarin Jacksonville, FL 100 % — 241 613 854 — 241 613 854 (187 ) 1986 09/01/2011 Westside Jacksonville, FL 100 % — 495 2,057 2,552 — 495 2,057 2,552 (682 ) 1962 09/01/2011 Hapeville Hapeville, GA 100 % — 648 1,859 2,507 — 648 1,859 2,507 (614 ) 1958 09/01/2011 Perimeter Center Atlanta, GA 100 % — 756 2,523 3,279 — 756 2,523 3,279 (604 ) 1994 09/01/2011 Stephenson Savannah, GA 100 % — 305 621 926 — 305 621 926 (267 ) 1967 09/01/2011 Toco Hills Atlanta, GA 100 % — 230 692 922 — 230 692 922 (228 ) 1986 09/01/2011 Walton Way Augusta, GA 100 % — 431 1,144 1,575 — 431 1,144 1,575 (370 ) 1985 09/01/2011 Washington Road Augusta, GA 100 % — 395 1,421 1,816 — 395 1,421 1,816 (440 ) 1984 09/01/2011 Clemmons Clemmons, NC 100 % — 179 506 685 — 179 506 685 (220 ) 1973 09/01/2011 King Main King, NC 100 % — 133 600 733 — 133 600 733 (198 ) 1978 09/01/2011 Marion Main Marion, NC 100 % — 230 897 1,127 — 230 897 1,127 (321 ) 1980 09/01/2011 Initial Cost to Company Gross Amount at which Carried at Close of Period Description Location Ownership Percent Encumbrances Land Building and Improvements (1) Total Cost Capitalized Subsequent to Acquisition (2) Land Building and Improvements (1) Total (3) Accumulated Depreciation and Amortization Original Date of Construction Date Acquired Roxboro Main Roxboro, NC 100 % — $ 424 $ 1,307 $ 1,731 $ — $ 424 $ 1,307 $ 1,731 $ (506 ) 1980 09/01/2011 Russ Avenue Waynesville, NC 100 % — 296 897 1,193 (224 ) 296 673 969 (217 ) 1972 09/01/2011 Sardis Road Charlotte, NC 100 % — 149 480 629 — 149 480 629 (154 ) 1986 09/01/2011 Valdese Main Valdese, NC 100 % — 198 1,218 1,416 — 198 1,218 1,416 (395 ) 1952 09/01/2011 Viewmont Hickory, NC 100 % — 147 735 882 — 147 735 882 (259 ) 1974 09/01/2011 Wilkesboro Main Wilkesboro, NC 100 % — 130 645 775 — 130 645 775 (192 ) 1986 09/01/2011 Champions Houston, TX 100 % — 390 1,935 2,325 — 390 1,935 2,325 (358 ) 1997 09/01/2011 Clear Lake Houston, TX 100 % — 434 1,772 2,206 — 434 1,772 2,206 (379 ) 1981/2005 09/01/2011 Cypress Station Houston, TX 100 % — 203 982 1,185 (22 ) 203 960 1,163 (161 ) 1996 09/01/2011 Deer Park Deer Park, TX 100 % — 191 646 837 — 191 646 837 (174 ) 1990 09/01/2011 Duncanville Duncanville, TX 100 % — 65 322 387 (129 ) 65 193 258 (42 ) 1980 09/01/2011 Highway 290 Houston, TX 100 % — 1,822 3,466 5,288 (3,868 ) 517 903 1,420 107 1981 09/01/2011 Highway 6 Houston, TX 100 % — 970 2,151 3,121 — 970 2,151 3,121 (391 ) 1997 09/01/2011 Humble Humble, TX 100 % — 446 1,811 2,257 — 446 1,811 2,257 (369 ) 1998 09/01/2011 Inverness Inverness, FL 100 % — — — — — — — — — 1994 09/01/2011 Paoli Paoli, PA 100 % — — — — — — — — — 1989 09/01/2011 Forest Hill Banking Center Germantown, TN 100 % — — — — — — — — — 1975 09/01/2011 Upper Montclair Drive Up Upper Montclair, NJ 100 % — — — — — — — — — 1941 09/01/2011 Ardmore Ardmore, PA 100 % — — — — — — — — — 1980 09/01/2011 Milltown Milltown, NJ 100 % — — — — — — — — — 1975 09/01/2011 Fairgrounds Allentown, PA 100 % — — — — — — — — — 1975 09/01/2011 West Goshen West Chester, PA 100 % — — — — — — — — — 1975 09/01/2011 Reading Airport Reading Airport, PA 100 % — — — — — — — — — 1975 09/01/2011 Concordia Cranbury, NJ 100 % — — — — — — — — — 1975 09/01/2011 Thorndale Thorndale, PA 100 % — — — — — — — — — 1975 09/01/2011 Wind Gap Wind Gap, PA 100 % — — — — — — — — — 1975 09/01/2011 Harborside Jersey City, NJ 100 % — — — — — — — — — 2002 09/01/2011 Hickory Parking Lot Hickory, NC 100 % — 59 50 109 — 59 50 109 (7 ) 1986 09/01/2011 Torrance Torrance, CA 100 % — — — — — — — — — 1975 09/01/2011 Chapel Hill Chapel Hill, NC 100 % — — — — — — — — — 1942 / 1993 09/01/2011 Greenville Main Greenville, SC 100 % — — — — — — — — — 1997 09/01/2011 Del Prado Cape Coral, FL 100 % — — — — — — — — — 1990 09/01/2011 Parkside Marketplace Glen Allen, VA 100 % — — 61 61 — — 61 61 (35 ) 1988 09/01/2011 Livingston Livingston, NJ 100 % — — — — — — — — — 1980 09/01/2011 Initial Cost to Company Gross Amount at which Carried at Close of Period Description Location Ownership Percent Encumbrances Land Building and Improvements (1) Total Cost Capitalized Subsequent to Acquisition (2) Land Building and Improvements (1) Total (3) Accumulated Depreciation and Amortization Original Date of Construction Date Acquired Downtown St. Petersburg St. Petersburg, FL 100 % — $ — $ — $ — $ — $ — $ — $ — $ — 191

SUMMARY OF SIGNIFICANT ACCOUN26

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Principles of Consolidation and Basis of Presentation	The consolidated financial statements include the accounts of the Company, KBS REIT Holdings, the Operating Partnership, their direct and indirect wholly owned subsidiaries, and joint ventures the Company controls or for which it is the primary beneficiary, as well as the related amounts of noncontrolling interests. All significant intercompany balances and transactions are eliminated in consolidation. The Company evaluates the need to consolidate joint ventures and consolidates joint ventures that it determines to be variable interest entities for which it is the primary beneficiary. The Company also consolidates joint ventures that are not determined to be variable interest entities, but for which it exercises control over major operating decisions through substantive participation rights, such as approval of budgets, selection of property managers, asset management, investment activity and changes in financing. The consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) and the rules and regulations of the Securities and Exchange Commission (“SEC”).
Use of Estimates	The preparation of the consolidated financial statements and the accompanying notes thereto in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could materially differ from those estimates.
Reclassifications	Certain amounts in the Company’s prior period consolidated financial statements have been reclassified to conform to the current period presentation. These reclassifications have not changed the results of operations of prior periods. The Company early adopted ASU No. 2014-08 (defined below) for the reporting period beginning January 1, 2014. During the year ended December 31, 2015 , the Company sold 34 properties (of which 31 were GKK Properties), two of which were held for sale as of December 31, 2014. Additionally, the Company had classified eight properties as held for sale, all of which were GKK Properties, as of December 31, 2015 . As a result, certain assets and liabilities were reclassified to held for sale on the consolidated balance sheets for all periods presented. Operating results of properties that were classified as held for sale in financial statements issued for the reporting periods prior to January 1, 2014 will remain in discontinued operations on the Company’s consolidated statements of operations. Operating results of properties that were disposed of or classified as held for sale in the ordinary course of business subsequent to January 1, 2014 that had not been classified as held for sale in financial statements issued for the reporting periods prior to January 1, 2014 are included in continuing operations on the Company’s consolidated statements of operations. During the year ended December 31, 2015 , the Company elected to early adopt ASU No. 2015-03 (defined below). As a result, the Company has reclassified debt issuance costs associated with a debt liability from prepaid expenses and other assets to notes payable, net on the consolidated balance sheets for all periods presented.
Revenue Recognition, Real Estate	The Company recognizes minimum rent, including rental abatements, lease incentives and contractual fixed increases attributable to operating leases, on a straight-line basis over the term of the related leases when collectibility is reasonably assured and records amounts expected to be received in later years as deferred rent receivable. If the lease provides for tenant improvements, the Company determines whether the tenant improvements, for accounting purposes, are owned by the tenant or the Company. When the Company is the owner of the tenant improvements, the tenant is not considered to have taken physical possession or have control of the physical use of the leased asset until the tenant improvements are substantially completed. When the tenant is the owner of the tenant improvements, any tenant improvement allowance (including amounts that the tenant can take in the form of cash or a credit against its rent) that is funded is treated as a lease incentive and amortized as a reduction of revenue over the lease term. Tenant improvement ownership is determined based on various factors including, but not limited to: • whether the lease stipulates how a tenant improvement allowance may be spent; • whether the amount of a tenant improvement allowance is in excess of market rates; • whether the tenant or landlord retains legal title to the improvements at the end of the lease term; • whether the tenant improvements are unique to the tenant or general-purpose in nature; and • whether the tenant improvements are expected to have any residual value at the end of the lease. The Company records property operating expense reimbursements due from tenants for common area maintenance, real estate taxes, and other recoverable costs in the period the related expenses are incurred. The Company makes estimates of the collectibility of its tenant receivables related to base rents, including deferred rent receivable, expense reimbursements and other revenue or income. Management specifically analyzes accounts receivable, deferred rent receivable, historical bad debts, customer creditworthiness, current economic trends and changes in customer payment terms when evaluating the adequacy of the allowance for doubtful accounts. In addition, with respect to tenants in bankruptcy, management makes estimates of the expected recovery of pre-petition and post-petition claims in assessing the estimated collectibility of the related receivable. In some cases, the ultimate resolution of these claims can exceed one year. When a tenant is in bankruptcy, the Company will record a bad debt reserve for the tenant’s receivable balance and generally will not recognize subsequent rental revenue until cash is received or until the tenant is no longer in bankruptcy and has the ability to make rental payments.
Revenue Recognition, Real Estate Loans Receivable	Interest income on the Company’s real estate loans receivable is recognized on an accrual basis over the life of the investment using the interest method. Direct loan origination fees and origination or acquisition costs, as well as acquisition premiums or discounts, are amortized over the term of the loan as an adjustment to interest income. The Company places loans on nonaccrual status when any portion of principal or interest is 90 days past due, or earlier when concern exists as to the ultimate collection of principal or interest. When a loan is placed on nonaccrual status, the Company reserves for any unpaid accrued interest and generally does not recognize subsequent interest income until cash is received, or the loan returns to accrual status. The Company will resume the accrual of interest if it determines the collection of interest, according to the contractual terms of the loan, is probable. The Company generally recognizes income on impaired loans on either a cash basis, where interest income is only recorded when received in cash, or on a cost-recovery basis, where all cash receipts are applied against the carrying value of the loan. The Company considers the collectibility of the loan’s principal balance in determining whether to recognize income on impaired loans on a cash basis or a cost-recovery basis.
Revenue Recognition, Real Estate Securities	The Company recognizes interest income on real estate securities that are beneficial interests in securitized financial assets and are rated “AA” and above on an accrual basis according to the contractual terms of the securities. Discounts or premiums are amortized to interest income over the life of the investment using the interest method. The Company recognizes interest income on real estate securities that are beneficial interests in securitized financial assets that are rated below “AA” using the effective yield method, which requires the Company to periodically project estimated cash flows related to these securities and recognize interest income at an interest rate equivalent to the estimated yield on the security, as calculated using the security’s estimated cash flows and amortized cost basis, or reference amount. Changes in the estimated cash flows are recognized through an adjustment to the yield on the security on a prospective basis. Projecting cash flows for these types of securities requires significant judgment, which may have a significant impact on the timing of revenue recognized on these investments.
Revenue Recognition, Cash and Cash Equivalents	The Company recognizes interest income on its cash and cash equivalents as it is earned and classifies such amounts as other interest income.
Real Estate, Depreciation and Amortization	Real estate costs related to the acquisition and improvement of properties are capitalized and amortized over the expected useful life of the asset on a straight-line basis. Repair and maintenance costs are charged to expense as incurred and significant replacements and betterments are capitalized. Repair and maintenance costs include all costs that do not extend the useful life of the real estate asset. The Company considers the period of future benefit of an asset to determine its appropriate useful life. Expenditures for tenant improvements are capitalized and amortized over the shorter of the tenant’s lease term or expected useful life. The Company anticipates the estimated useful lives of its assets by class to be generally as follows: Buildings 15 - 40 years Building improvements 10 - 25 years Tenant improvements Shorter of lease term or expected useful life Tenant origination and absorption costs Remaining term of related leases, including below-market renewal periods
Real Estate, Real Estate Acquisition Valuation	The Company records the acquisition of income-producing real estate or real estate that will be used for the production of income as a business combination. All assets acquired and liabilities assumed in a business combination are measured at their acquisition-date fair values. Acquisition costs are expensed as incurred and restructuring costs that do not meet the definition of a liability at the acquisition date are expensed in periods subsequent to the acquisition date. The Company assesses the acquisition date fair values of all tangible assets, identifiable intangibles and assumed liabilities using methods similar to those used by independent appraisers, generally utilizing a discounted cash flow analysis that applies appropriate discount and/or capitalization rates and available market information. Estimates of future cash flows are based on a number of factors, including historical operating results, known and anticipated trends, and market and economic conditions. The fair value of tangible assets of an acquired property considers the value of the property as if it were vacant. The Company records above-market and below-market in-place lease values for acquired properties based on the present value (using a discount rate that reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) management’s estimate of fair market lease rates for the corresponding in-place leases, measured over a period equal to the remaining non-cancelable term of above-market in-place leases and for the initial term plus any extended term for any leases with below-market renewal options. The Company amortizes any recorded above-market or below-market lease values as a reduction or increase, respectively, to rental income over the remaining non-cancelable terms of the respective lease, including any below-market renewal periods. The Company estimates the value of tenant origination and absorption costs by considering the estimated carrying costs during hypothetical expected lease up periods, considering current market conditions. In estimating carrying costs, the Company includes real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the expected lease up periods. The Company amortizes the value of tenant origination and absorption costs to depreciation and amortization expense over the remaining non-cancelable term of the leases. Estimates of the fair values of the tangible assets, identifiable intangibles and assumed liabilities require the Company to make significant assumptions to estimate market lease rates, property-operating expenses, carrying costs during lease-up periods, discount rates, market absorption periods, and the number of years the property will be held for investment. The use of inappropriate assumptions would result in an incorrect valuation of the Company’s acquired tangible assets, identifiable intangibles and assumed liabilities, which would impact the amount of the Company’s net income.
Real Estate, Impairments of Real Estate and Related Intangible Assets and Liabilities	The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of its real estate and related intangible assets and liabilities may not be recoverable or realized. When indicators of potential impairment suggest that the carrying value of real estate and related intangible assets and liabilities may not be recoverable, the Company assesses the recoverability by estimating whether the Company will recover the carrying value of the real estate and related intangible assets and liabilities through its undiscounted future cash flows and its eventual disposition. If, based on this analysis, the Company does not believe that it will be able to recover the carrying value of the real estate and related intangible assets and liabilities, the Company would record an impairment loss to the extent that the carrying value exceeds the estimated fair value of the real estate and related intangible assets and liabilities.
Real Estate Held for Sale and Discontinued Operations	The Company generally considers non-foreclosed real estate to be “held for sale” when the following criteria are met: (i) management commits to a plan to sell the property, (ii) the property is available for sale immediately, (iii) the property is actively being marketed for sale at a price that is reasonable in relation to its current fair value, (iv) the sale of the property within one year is considered probable and (v) significant changes to the plan to sell are not expected. Real estate that is held for sale and its related assets are classified as “real estate held for sale” and “assets related to real estate held for sale,” respectively, for all periods presented in the accompanying consolidated financial statements. Notes payable and other liabilities related to real estate held for sale are classified as “notes payable related to real estate held for sale” and “liabilities related to real estate held for sale,” respectively, for all periods presented in the accompanying consolidated financial statements. Real estate classified as held for sale is no longer depreciated and is reported at the lower of its carrying value or its estimated fair value less estimated costs to sell. Additionally, with respect to properties that were classified as held for sale in financial statements prior to January 1, 2014, the Company records the operating results and gains on sale as discontinued operations for all periods presented if the operations have been or are expected to be eliminated and the Company will not have any significant continuing involvement in the operations of the property following the sale. Operating results of properties and gains on sale that were disposed of or classified as held for sale in the ordinary course of business during the years ended December 31, 2015 and 2014 that had not been classified as held for sale in financial statements prior to January 1, 2014 are included in continuing operations on the Company’s consolidated statements of operations.
Change in a Plan to Sell	When real estate is initially considered “held for sale” it is measured at the lower of its depreciated book value, or estimated fair value less estimated costs to sell. Changes in the market may compel the Company to decide to reclassify a property that was designated as held for sale to held for investment. A property that is reclassified from held for sale to held for investment or non-sale disposition is measured and recorded individually at the lower of (i) its carrying amount before the property was classified as held for sale, adjusted for any depreciation and amortization expense that would have been recognized had the property been continuously classified as held and used, or (ii) its fair value at the date of the subsequent decision not to sell. Any adjustment to the carrying amount of the property as a result of the reclassification is included in income from continuing operations as an impairment charge on real estate held for investment.
Real Estate Held for Non-Sale Disposition	The Company considers real estate assets that do not meet the criteria to be classified as held for sale but are expected to be disposed of other than by sale as real estate held for non-sale disposition. The assets and liabilities related to real estate held for non-sale disposition are included in the Company’s consolidated balance sheets and the results of operations are presented as part of continuing operations in the Company’s consolidated statements of operations for all periods presented. With respect to properties that were disposed of other than by sale prior to January 1, 2014, the Company records the operating results as discontinued operations for all periods presented. Operating results of properties that were disposed of other than by sale during the year ended December 31, 2014 are included in continuing operations on the Company’s consolidated statements of operations. The Company did not dispose of any properties other than by sale during the year ended December 31, 2015.
Foreclosed Real Estate Held for Sale	Foreclosed real estate held for sale consists of properties to which the Company has received title through foreclosure or by deed-in-lieu of foreclosure in full or partial satisfaction of non-performing loans that the Company intends to market for sale in the near term. Foreclosed real estate held for sale is initially recorded at the estimated fair value of the real estate less estimated costs to sell, or the fair value of the loan satisfied if more clearly evident. The excess of the carrying value of the loan over the fair value of the property less estimated costs to sell, if any, is charged-off against the reserve for loan losses when title to the property is obtained. Costs of holding the property are expensed as incurred in the Company’s consolidated statements of operations. The gain or loss on final disposition of foreclosed real estate held for sale is recorded as other income and is considered income (loss) from continuing operations as it represents the final stage of the Company’s loan collection process.
Real Estate Loan Receivable	The Company’s real estate loans receivable are recorded at amortized cost, net of loan loss reserves, and evaluated for impairment at each balance sheet date. The amortized cost of a real estate loan receivable is the outstanding unpaid principal balance, net of unamortized acquisition premiums or discounts and unamortized costs and fees directly associated with the origination or acquisition of the loan. The reserve for loan losses is a valuation allowance that reflects management’s estimate of loan losses inherent in the loan portfolio as of the balance sheet date. The reserve is adjusted through “Provision for loan losses” on the Company’s consolidated statements of operations and is decreased by charge-offs to specific loans when losses are confirmed. The reserve for loan losses includes a portfolio-based component and an asset-specific component. An asset-specific reserve relates to reserves for losses on loans considered impaired. The Company considers a loan to be impaired when, based upon current information and events, it believes that it is probable that the Company will be unable to collect all amounts due under the contractual terms of the loan agreement. The Company also considers a loan to be impaired if it grants the borrower a concession through a modification of the loan terms or if it expects to receive assets (including equity interests in the borrower) with fair values that are less than the carrying value of the loan in satisfaction of the loan. A reserve is established when the present value of payments expected to be received, observable market prices, the estimated fair value of the collateral (for loans that are dependent on the collateral for repayment) or amounts expected to be received in satisfaction of a loan are lower than the carrying value of that loan. A portfolio-based reserve covers the pool of loans that do not have asset-specific reserves. A provision for loan losses is recorded when available information as of each balance sheet date indicates that it is probable that a loss occurred in the pool of loans and the amount of the loss can be reasonably estimated, but the Company does not know which specific loans within the pool will ultimately result in losses. Required reserve balances for this pool of loans are derived from estimated probabilities of default and estimated loss severities assuming a default occurs. On a quarterly basis, the Company’s management assigns estimated probabilities of default and loss severities to each loan in the portfolio based on factors such as the debt service coverage of the underlying collateral, the estimated fair value of the collateral, the significance of the borrower’s investment in the collateral, the financial condition of the borrower and/or its sponsors, the likelihood that the borrower and/or its sponsors would allow the loan to default, the Company’s willingness and ability to step in as owner in the event of default, and other pertinent factors. Failure to recognize impairments would result in the overstatement of earnings and the carrying value of the Company’s real estate loans receivable. Actual losses, if any, could differ significantly from estimated amounts.
Participation Interest in an Unconsolidated Joint Venture Policy	The Company holds a participation interest with respect to a real estate joint venture. The carrying value of this participation interest as of December 31, 2015 and 2014 was $0 and the Company did not record any income or losses with respect to this participation interest during the years ended December 31, 2015 , 2014 and 2013 .
Cash and Cash Equivalents	The Company considers all short-term (with an original maturity of three months or less), highly-liquid investments utilized as part of the Company’s cash-management activities to be cash equivalents. Cash equivalents may include cash and short-term investments. Short-term investments are stated at cost, which approximates fair value. The Company’s cash and cash equivalents balance exceeded federally insurable limits as of December 31, 2015 . The Company monitors the cash balances in its operating accounts and adjusts the cash balances as appropriate; however, these cash balances could be impacted if the underlying financial institutions fail or are subject to other adverse conditions in the financial markets. To date, the Company has experienced no loss or lack of access to cash in its operating accounts.
Restricted Cash	Restricted cash is comprised of lender impound reserve accounts on the Company’s borrowings for security deposits, property taxes, insurance, rent from master lease, letters of credit, debt service obligations and capital improvements and replacements.
Rents and Other Receivables	The Company periodically evaluates the collectibility of amounts due from tenants and maintains an allowance for doubtful accounts for estimated losses resulting from the inability of tenants to make required payments under lease agreements. In addition, the Company maintains an allowance for deferred rent receivable that arises from the straight-lining of rents. The Company exercises judgment in establishing these allowances and considers payment history and current credit status of its tenants in developing these estimates.
Deferred Financing Costs	Deferred financing costs represent commitment fees, loan fees, legal fees and other third-party costs associated with obtaining financing and are presented on the balance sheet as a direct deduction from the carrying value of the associated debt liabilities. These costs are amortized over the terms of the respective financing agreements using the interest method. Unamortized deferred financing costs are generally expensed when the associated debt is refinanced or repaid before maturity unless specific rules are met that would allow for the carryover of such costs to the refinanced debt. Deferred financing costs incurred before an associated debt liability is recognized are included in prepaid and other assets on the balance sheet. Costs incurred in seeking financing transactions that do not close are expensed in the period in which it is determined that the financing will not close.
Fair Value Measurements	Under GAAP, the Company is required to measure certain financial instruments at fair value on a recurring basis. In addition, the Company is required to measure other financial instruments and balances at fair value on a non-recurring basis (e.g., carrying value of impaired real estate loans receivable and long-lived assets). Fair value is defined as the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The GAAP fair value framework uses a three-tiered approach. Fair value measurements are classified and disclosed in one of the following three categories: • Level 1: unadjusted quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities; • Level 2: quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-derived valuations in which significant inputs and significant value drivers are observable in active markets; and • Level 3: prices or valuation techniques where little or no market data is available that requires inputs that are both significant to the fair value measurement and unobservable. When available, the Company utilizes quoted market prices from independent third-party sources to determine fair value and classifies such items in Level 1 or Level 2. In instances where the market for a financial instrument is not active, regardless of the availability of a nonbinding quoted market price, observable inputs might not be relevant and could require the Company to make a significant adjustment to derive a fair value measurement. Additionally, in an inactive market, a market price quoted from an independent third party may rely more on models with inputs based on information available only to that independent third party. When the Company determines the market for a financial instrument owned by the Company to be illiquid or when market transactions for similar instruments do not appear orderly, the Company uses several valuation sources (including internal valuations, discounted cash flow analysis and quoted market prices) and establishes a fair value by assigning weights to the various valuation sources. Additionally, when determining the fair value of a liability in circumstances in which a quoted price in an active market for an identical liability is not available, the Company measures fair value using (i) a valuation technique that uses the quoted price of the identical liability when traded as an asset or quoted prices for similar liabilities when traded as assets or (ii) another valuation technique that is consistent with the principles of fair value measurement, such as the income approach or the market approach. Changes in assumptions or estimation methodologies can have a material effect on these estimated fair values. In this regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, may not be realized in an immediate settlement of the instrument. The Company considers the following factors to be indicators of an inactive market: (i) there are few recent transactions, (ii) price quotations are not based on current information, (iii) price quotations vary substantially either over time or among market makers (for example, some brokered markets), (iv) indexes that previously were highly correlated with the fair values of the asset or liability are demonstrably uncorrelated with recent indications of fair value for that asset or liability, (v) there is a significant increase in implied liquidity risk premiums, yields, or performance indicators (such as delinquency rates or loss severities) for observed transactions or quoted prices when compared with the Company’s estimate of expected cash flows, considering all available market data about credit and other nonperformance risk for the asset or liability, (vi) there is a wide bid-ask spread or significant increase in the bid-ask spread, (vii) there is a significant decline or absence of a market for new issuances (that is, a primary market) for the asset or liability or similar assets or liabilities, and (viii) little information is released publicly (for example, a principal-to-principal market). The Company considers the following factors to be indicators of non-orderly transactions: (i) there was not adequate exposure to the market for a period before the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets or liabilities under current market conditions, (ii) there was a usual and customary marketing period, but the seller marketed the asset or liability to a single market participant, (iii) the seller is in or near bankruptcy or receivership (that is, distressed), or the seller was required to sell to meet regulatory or legal requirements (that is, forced), and (iv) the transaction price is an outlier when compared with other recent transactions for the same or similar assets or liabilities.
Share Redemption Program	The Company has a share redemption program pursuant to which stockholders may sell their shares to the Company only in connection with a stockholder’s death, “qualifying disability” or “determination of incompetence” (each as defined in the share redemption program and together with redemptions sought in connection with a stockholder’s death, “special redemptions”). Such redemptions are subject to an annual dollar limitation and are further subject to the other limitations described in the share redemption program, including: • During each calendar year, special redemptions are limited to an annual amount determined by the board of directors. The annual dollar limitation for special redemptions may be reviewed and adjusted from time to time during the year. The dollar limitation for calendar year 2015 was $ 10.0 million in the aggregate. On December 8, 2015, the Company’s board of directors approved an annual dollar limitation of $ 10.0 million in the aggregate for the calendar year 2016 (subject to review and adjustment during the year by the board of directors), and further subject to the limitations described in the share redemption program. • During any calendar year, the Company may redeem no more than 5% of the weighted-average number of shares outstanding during the prior calendar year. • The Company has no obligation to redeem shares if the redemption would violate the restrictions on distributions under Maryland law, which prohibits distributions that would cause a corporation to fail to meet statutory tests of solvency. The Company currently does not expect to have funds available for ordinary redemptions in the future. If the Company cannot repurchase all shares presented for redemption in any month because of the limitations on redemptions set forth in the share redemption program, then the Company will honor redemption requests on a pro rata basis, except that if a pro rata redemption would result in a stockholder owning less than the minimum purchase requirement described in the Company’s most recently effective registration statement, as such registration statement has been amended or supplemented, then the Company would redeem all of such stockholder’s shares. The Company redeems shares eligible for redemption at the estimated value per share of the Company’s common stock as of the applicable redemption date. On December 9, 2014, the Company’s board of directors approved an estimated value per share of the Company’s common stock of $4.52 (unaudited), based on the estimated value of the Company’s assets less the estimated value of its liabilities, or net asset value, divided by the number of shares outstanding, all as of September 30, 2014. As such, the redemption price for shares eligible for redemption was $4.52 per share for redemption dates from December 2014 through November 2015. On December 8, 2015, the Company’s board of directors approved an estimated value per share of the Company’s common stock of $3.94 (unaudited), based on the estimated value of the Company’s assets less the estimated value of its liabilities, or net asset value, divided by the number of shares outstanding, all as of September 30, 2015, with the exception of an adjustment to the Company’s net asset value to give effect to the December 7, 2015 payment of a special distribution of $0.25 per share on the outstanding shares of common stock of the Company to the stockholders of record as of the close of business on December 1, 2015. Commencing with the December 2015 redemption date and until the estimated value per share is updated, the redemption price for all shares eligible for redemption is $3.94 per share (unaudited). The estimated value per share was based upon the recommendation and valuation prepared by the Advisor. As with any valuation methodology, the methodologies used are based upon a number of estimates and assumptions that may not be accurate or complete. Different parties using different assumptions and estimates could derive a different estimated value per share of the Company’s common stock, and this difference could be significant. The estimated value per share is not audited and does not represent the fair value of the Company’s assets less the fair value of its liabilities according to GAAP, nor does it represent a liquidation value of the Company’s assets and liabilities or the price at which the Company’s shares of common stock would trade on a national securities exchange. The estimated value per share does not reflect a discount for the fact that the Company is externally managed, nor does it reflect a real estate portfolio premium/discount versus the sum of the individual property values. The estimated value per share also does not take into account debt defeasance costs the Company may incur in connection with prepayments on its notes payable, debt prepayment penalties or swap breakage fees that could apply upon the prepayment of certain of the Company’s debt obligations or termination of related swap agreements prior to expiration, the impact of restrictions on the assumption of debt, or disposition costs and fees for real estate properties that are not under contract to sell. The value of the Company’s shares will fluctuate over time in response to developments related to individual assets in the portfolio and the management of those assets and in response to the real estate and finance markets. The Company currently expects to utilize the Advisor and/or an independent valuation firm to update the estimated value per share no later than December 2016. The Company’s board of directors may amend, suspend or terminate the share redemption program upon 30 days’ notice to its stockholders. The Company may provide this notice by including such information in a Current Report on Form 8-K or in the Company’s annual or quarterly reports, all publicly filed with the SEC, or by a separate mailing to its stockholders. The Company records amounts that are redeemable under the share redemption program as redeemable common stock in the accompanying consolidated balance sheets because the shares are mandatorily redeemable at the option of the holder upon the stockholder’s death, “qualifying disability” or “determination of incompetence” and therefore their redemption is outside the control of the Company. Pursuant to the share redemption program, beginning in 2012, the maximum amount redeemable under the Company’s share redemption program is limited to an annual dollar amount determined by the Company’s board of directors, as described above. However, because the amounts that can be redeemed in future periods are determinable and only contingent on an event that is likely to occur (e.g., the passage of time), the Company presents the amounts available for redemptions in future periods as redeemable common stock in the accompanying balance sheets. The Company classifies financial instruments that represent a mandatory obligation of the Company to redeem shares as liabilities. The Company’s redeemable common shares are contingently redeemable at the option of the holder upon the stockholder’s death, “qualifying disability” or “determination of incompetence.” When shares are tendered for redemption and the Company determines that it has a mandatory obligation to redeem shares under the share redemption program, it will reclassify such obligations from temporary equity to a liability based upon their respective settlement values. The Company limits the dollar value of shares that may be redeemed under the share redemption program as described above. During the year ended December 31, 2015 , the Company redeemed $6.4 million of common stock. The only redemptions the Company made under the share redemption program in 2015 were those that qualified as, and met the requirements for, special redemptions. In 2015 , the Company fulfilled all redemption requests that qualified as special redemptions under the Company’s share redemption program.
Related Party Transactions	The Company has entered into the Advisory Agreement. This agreement entitles the Advisor to specified fees upon the provision of certain services with regard the management of the Company’s investments, among other services, and the disposition of investments, as well as reimbursement of certain costs incurred by the Advisor in providing services to the Company. In addition, the Advisor is entitled to certain other fees, including an incentive fee upon achieving certain performance goals, as detailed in the Advisory Agreement. The Company has entered into a fee reimbursement agreement (the “AIP Reimbursement Agreement”) with the Dealer Manager pursuant to which the Company agreed to reimburse the Dealer Manager for certain fees and expenses it incurs for administering the Company’s participation in the DTCC Alternative Investment Product Platform (“AIP Platform”) with respect to certain accounts of the Company’s investors serviced through the platform. The Advisor also serves, and Dealer Manager also serves or served, as the advisor and dealer manager, respectively, for KBS Real Estate Investment Trust II, Inc., KBS Real Estate Investment Trust III, Inc., KBS Strategic Opportunity REIT, Inc., KBS Legacy Partners Apartment REIT, Inc., KBS Strategic Opportunity REIT II, Inc. and KBS Growth & Income REIT, Inc. The Company records all related party fees as incurred, subject to any limitations described in the Advisory Agreement. The Company has granted no stock-based compensation awards to the Advisor or its affiliates and it did not incur any subordinated participation in net cash flows or subordinated incentive listing fees during the year ended December 31, 2015 or any previous periods.
Related Party Transactions, Operating Expenses	Under the Advisory Agreement, the Advisor has the right to seek reimbursement from the Company for all costs and expenses it incurs in connection with the provision of services to the Company, including the Company’s allocable share of the Advisor’s overhead, such as rent, employee costs, accounting software and cybersecurity costs. Commencing July 1, 2010, the Company has reimbursed the Advisor for the Company’s allocable portion of the salaries, benefits and overhead of internal audit department personnel providing services to the Company. In the future, the Advisor may seek reimbursement for additional employee costs. The Company will not reimburse the Advisor for employee costs in connection with services for which the Advisor earns acquisition, origination or disposition fees (other than reimbursement of travel and communication expenses) or for the salaries and benefits the Advisor or its affiliates may pay to the Company’s executive officers.
Related Party Transactions, Asset Management Fee	With respect to investments in real estate, the Company pays the Advisor a monthly asset management fee equal to one-twelfth of 0.75% of the amount actually paid or allocated to acquire the investment, plus the cost of any subsequent development, construction or improvements to the property. This amount includes any portion of the investment that was debt financed and is inclusive of acquisition fees and expenses related thereto. In the case of investments made through joint ventures, the asset management fee will be determined based on the Company’s proportionate share of the underlying investment. The Company calculates the asset management fee for its investment in the GKK Properties based on the original cost of the Company’s investment in the GKK Mezzanine Loan, rather than on the gross value of the GKK Properties it owns or in which it holds a leasehold interest. However, once the gross value of the GKK Properties falls below the original cost of the Company’s investment in the GKK Mezzanine Loan, the Company will calculate the asset management fee based on the gross value of the GKK Properties. With respect to investments in loans and any investments other than real estate, the Company pays the Advisor a monthly fee calculated, each month, as one-twelfth of 0.75% of the lesser of (i) the amount paid or allocated to acquire or fund the loan or other investment (which amount includes any portion of the investment that was debt financed and is inclusive of acquisition or origination fees and expenses related thereto) and (ii) the outstanding principal amount of such loan or other investment, plus the acquisition or origination fees and expenses related to the acquisition or funding of such investment, as of the time of calculation. With respect to an investment that has suffered an impairment in value, reduction in cash flow or other negative circumstances, such investment shall either be excluded from the calculation of the asset management fee described above or included in such calculation at a reduced value that is recommended by the Advisor and the Company’s management and then approved by a majority of the Company’s independent directors, and this change in the fee shall be applicable to an investment upon the earlier to occur of the date on which (i) such investment is sold, (ii) such investment is surrendered to a person other than the Company, its direct or indirect wholly owned subsidiary or a joint venture or partnership in which the Company has an interest, (iii) the Advisor determines that it will no longer pursue collection or other remedies related to such investment, or (iv) the Advisor recommends a revised fee arrangement with respect to such investment.
Related Party Transactions, Disposition Fee	In accordance with the Advisory Agreement, for substantial assistance in connection with the sale of properties, loans or other investments as determined by the conflicts committee of the Company’s board of directors, the Company pays the Advisor or its affiliates a disposition fee of 1% of the contract sales price of the properties, loans or other investments sold. However, in no event may the total commissions (including such disposition fees) paid to the Advisor, its affiliates and unaffiliated third parties exceed 6% of the contract sales price of the property, loan or other investment sold or exceed a competitive real estate commission. Notwithstanding the foregoing, in January 2015, the disposition fee related to the sales of GKK Properties was modified to provide that the conflicts committee will determine in its sole discretion the amount of the disposition fee related to the sale of GKK Properties upon the terms set forth below, which disposition fee may be an amount not to exceed 1% of the contract sales price, which maximum amount is consistent with the fixed percentage applicable to the sales of other properties, loans and other investments. With respect to sales of the GKK Properties, and provided that the conflicts committee determines that the Advisor has provided a substantial amount of services in connection with the sale of each GKK Property for which the payment of a disposition fee is requested by the Advisor, then: (a) With respect to portfolio or single asset sales of GKK Properties designated by the conflicts committee in its sole discretion at or about the time of the sale, the Company will pay the Advisor a fee in an amount not to exceed 1% of the contract sales price and subject to other limitations and conditions set forth in the Advisory Agreement, as determined by the conflicts committee in its sole discretion, which fee will be payable upon the respective closing; and (b) With respect to sales of all other GKK Properties for which a disposition fee has not yet been paid, if, upon the sale of the final GKK Property, the conflicts committee determines in its sole discretion that the Company has recovered its entire investment related to the GKK Mezzanine Loan and the GKK Properties subsequent to the Settlement Agreement, after taking into consideration the net cash flow received by the Company from the investment, whether in the form of (i) net proceeds from the sales or other dispositions or transfers of the GKK Properties, (ii) the net cash flow related to the GKK Mezzanine Loan, (iii) the net cash flow related to the GKK Properties subsequent to the Settlement Agreement and/or (iv) other proceeds related to the assets and liabilities received under the Settlement Agreement, then the Company will pay the Advisor a fee in an amount not to exceed 1% of the contract sales price and subject to other conditions set forth in the Advisory Agreement, as determined by the conflicts committee in its sole discretion, which fee will be payable promptly upon such determination by the conflicts committee.
Income Taxes	The Company has elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”). To continue to qualify as a REIT, the Company must meet certain organizational and operational requirements, including a requirement to distribute at least 90% of the Company’s annual REIT taxable income to stockholders (which is computed without regard to the dividends-paid deduction or net capital gain and which does not necessarily equal net income as calculated in accordance with GAAP). As a REIT, the Company generally will not be subject to federal income tax on income that it distributes as dividends to its stockholders. If the Company fails to qualify as a REIT in any taxable year, it will be subject to federal income tax on its taxable income at regular corporate income tax rates and generally will not be permitted to qualify for treatment as a REIT for federal income tax purposes for the four taxable years following the year during which qualification is lost, unless the Internal Revenue Service grants the Company relief under certain statutory provisions. Such an event could materially and adversely affect the Company’s net income and net cash available for distribution to stockholders. However, the Company believes that it is organized and operates in such a manner as to continue to qualify for treatment as a REIT. The Company has concluded that there are no significant uncertain tax positions requiring recognition in its financial statements. Neither the Company nor its subsidiaries have been assessed interest or penalties by any major tax jurisdictions. The Company’s evaluations were performed for the tax years ended December 31, 2015 , 2014 and 2013 . As of December 31, 2015 , returns for the calendar years 2011 through 2014 remain subject to examination by major tax jurisdictions.
Per Share Data	Basic net income (loss) per share of common stock is calculated by dividing net income (loss) by the weighted-average number of shares of common stock issued and outstanding during such period. Diluted net income (loss) per share of common stock equals basic net income (loss) per share of common stock, as there were no potentially dilutive securities outstanding during the years ended December 31, 2015 , 2014 and 2013 , respectively. Distributions declared per share of common stock were $0.350 for the year ended December 31, 2015 . Distributions per share of common stock were based on a quarterly record date for each quarter during 2015. Additionally, the Company’s board of directors declared a special distribution in the amount of $0.25 per share on the outstanding shares of the Company’s common stock on November 30, 2015 to stockholders of record as of the close of business on December 1, 2015. Distributions declared per share of common stock were $0.050 and $0.395 for the years ended December 31, 2014 and 2013 , respectively. On November 6, 2013, the Company’s board of directors declared a distribution in the amount of $0.395 per share of common stock to stockholders of record as of the close of business on November 8, 2013. On September 30, 2014, the Company’s board of directions declared a distribution in the amount of $0.025 per share of common stock to stockholders of record as of the close of business on September 30, 2014. On December 9, 2014, the Company’s board of directors declared a distribution in the amount of $0.025 per share of common stock to stockholders of record as of the close of business on December 29, 2014.
Segments	The Company’s segments are based on the Company’s method of internal reporting, which classifies its operations by investment type: (i) real estate, (ii) real estate-related and (iii) commercial properties primarily leased to financial institutions received under the Settlement Agreement, the GKK Properties. For financial data by segment, see Note 12, “Segment Information.”
Square Footage, Occupancy and Other Measures	Square footage, occupancy and other measures used to describe real estate and real estate-related investments included in these notes to consolidated financial statements are presented on an unaudited basis.
Recently Issued Accounting Standards Update	In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU No. 2014-09”). ASU No. 2014-09 requires an entity to recognize the revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. ASU No. 2014-09 supersedes the revenue requirements in Revenue Recognition (Topic 605) and most industry-specific guidance throughout the Industry Topics of the Codification. ASU No. 2014-09 does not apply to lease contracts within the scope of Leases (Topic 840). ASU No. 2014-09 was to be effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, and is to be applied retrospectively, with early application not permitted. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date (“ASU No. 2015-14”), which defers the effective date of ASU No. 2014-09 by one year. Early adoption is permitted but not before the original effective date. The Company is still evaluating the impact of adopting ASU No. 2014-09 on its financial statements, but does not expect the adoption of ASU No. 2014-09 to have a material impact on its financial statements. In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements (Subtopic 205-40) , Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU No. 2014-15”). The amendments in ASU No. 2014-15 require management to evaluate, for each annual and interim reporting period, whether there are conditions or events, considered in the aggregate, that raise substantial doubt about an entity’s ability to continue as a going concern within one year after the date that the financial statements are issued (or are available to be issued when applicable) and, if so, provide related disclosures. ASU No. 2014-15 is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early adoption is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. The Company does not expect the adoption of ASU No. 2014-15 to have a significant impact on its financial statements. In January 2015, the FASB issued ASU No. 2015-01, Income Statement - Extraordinary and Unusual Items (Subtopic 225-20), Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items (“ASU No. 2015-01”). The amendments in ASU No. 2015-01 eliminate from GAAP the concept of extraordinary items. Although the amendments will eliminate the requirements in Subtopic 225-20 for reporting entities to consider whether an underlying event or transaction is extraordinary, the presentation and disclosure guidance for items that are unusual in nature or occur infrequently will be retained and will be expanded to include items that are both unusual in nature and infrequently occurring. ASU No. 2015-01 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The Company does not expect the adoption of ASU No. 2015-01 to have a significant impact on its financial statements. In April 2015, the FASB issued ASU No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30), Simplifying the Presentation of Debt Issuance Costs (“ASU No. 2015-03”). The amendments in ASU No. 2015-03 require debt issuance costs to be presented in the balance sheet as a direct deduction from the carrying value of the associated debt liability, consistent with the presentation of a debt discount. ASU No. 2015-03 is limited to the presentation of debt issuance costs and does not affect the recognition and measurement of debt issuance costs. Given the absence of authoritative guidance within ASU No. 2015-03 for debt issuance costs related to line-of-credit arrangements, in August 2015, the FASB issued ASU No. 2015-15, Interest - Imputation of Interest (Subtopic 835-30), Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements (“ASU No. 2015-15”), which clarifies ASU No. 2015-03 by stating that the staff of the SEC would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. ASU No. 2015-03 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015 and is to be applied retrospectively. Early adoption is permitted for financial statements that have not been previously issued. The Company elected to early adopt ASU No. 2015-03 for the reporting period ending December 31, 2015. As a result of adoption of ASU No. 2015-03, the Company changed the presentation of debt issuance costs associated with a debt liability from prepaid expenses and other assets to notes payable, net on the accompanying consolidated balance sheets. All periods presented have been retroactively adjusted. In September 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805), Simplifying the Accounting for Measurement-Period Adjustments (“ASU No. 2015-16”). The amendments in ASU No. 2015-16 require that in a business combination, an acquirer recognizes adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. ASU No. 2015-16 is effective for annual periods beginning after December 15, 2015, and interim periods within those fiscal years and is to be applied prospectively. Early adoption is permitted for financial statements that have not been previously issued. The Company does not expect the adoption of ASU No. 2015-16 to have a significant impact on its financial statements. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU No. 2016-01”). The amendments in ASU No. 2016-01 address certain aspects of recognition, measurement, presentation and disclosure of financial instruments. ASU No. 2016-01 primarily affects accounting for equity investments and financial liabilities where the fair value option has been elected. ASU No. 2016-01 also requires entities to present financial assets and financial liabilities separately, grouped by measurement category and form of financial asset in the balance sheet or in the accompanying notes to the financial statements. ASU No. 2016-01 is effective for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. Early application is permitted for financial statements that have not been previously issued. The Company does not expect the adoption of ASU No. 2016-01 to have a significant impact on its financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (“ASU No. 2016-02”). The amendments in ASU No. 2016-02 changes 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 No. 2016-02 is effective for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption of ASU No. 2016-02 as of its issuance is permitted. The new leases 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 currently evaluating the impact of adopting the new leases standard on its consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN27

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Schedule of Estimated Useful Life	The Company anticipates the estimated useful lives of its assets by class to be generally as follows: Buildings 15 - 40 years Building improvements 10 - 25 years Tenant improvements Shorter of lease term or expected useful life Tenant origination and absorption costs Remaining term of related leases, including below-market renewal periods

REAL ESTATE HELD FOR INVESTME28

REAL ESTATE HELD FOR INVESTMENT (Tables)	12 Months Ended
	Dec. 31, 2015
Guarantor by Name [Line Items]
Schedule of Real Estate Investments	The following table summarizes the Company’s investments in real estate as of December 31, 2015 and 2014 (in thousands): Land Buildings and Improvements Tenant Origination and Absorption Costs Total Real Estate Held for Investment As of December 31, 2015: Office $ 61,987 $ 357,524 $ 565 $ 420,076 Industrial 14,651 73,411 2,244 90,306 GKK Properties 159,396 285,894 58,899 504,189 Real estate held for investment, at cost and net of impairment charges $ 236,034 $ 716,829 $ 61,708 $ 1,014,571 Accumulated depreciation and amortization — (129,317 ) (31,926 ) (161,243 ) Real estate held for investment, net $ 236,034 $ 587,512 $ 29,782 $ 853,328 As of December 31, 2014: Office $ 68,178 $ 401,083 $ 1,825 $ 471,086 Industrial 14,651 70,039 3,137 87,827 GKK Properties 158,835 292,888 62,684 514,407 Real estate held for investment, at cost and net of impairment charges $ 241,664 $ 764,010 $ 67,646 $ 1,073,320 Accumulated depreciation and amortization — (133,861 ) (28,953 ) (162,814 ) Real estate held for investment, net $ 241,664 $ 630,149 $ 38,693 $ 910,506
Schedule of Future Minimum Rental Income Under Non-cancelable Operating Leases	The future minimum rental income from the Company’s properties under non-cancelable operating leases, including leases subject to shedding rights and excluding options to extend, as of December 31, 2015 for the years ending December 31 is as follows (in thousands): 2016 $ 111,091 2017 104,503 2018 91,565 2019 78,161 2020 58,534 Thereafter 156,386 $ 600,240
Schedules of Concentration of Risk, by Risk Factor	As of December 31, 2015 , the Company had a concentration of credit risk related to leases with the following tenant that represented more than 10% of the Company’s annualized base rent: Annualized Base Rent Statistics Tenant Property Tenant Industry Rentable Square Feet % of Portfolio Rentable Sq. Ft. Leased (1) Annualized Base Rent (1) % of Portfolio Annualized Base Rent Annualized Base Rent per Square Foot Lease Expirations Bank of America, N.A. Various Finance 2,290,434 35.2 % $ 18,826 16.9 % $ 8.22 (2) _____________________ (1) Annualized base rent represents annualized contractual base rental income as of December 31, 2015 , adjusted to straight-line any contractual tenant concessions (including free rent), rent increases and rent decreases from the lease’s inception through the balance of the lease term. (2) As of December 31, 2015 , lease expiration dates ranged from 2019 through 2026 with a weighted-average remaining term of 4.3 years. As of December 31, 2015 , the Company’s highest tenant industry concentration (greater than 10% of annualized base rent) was as follows: Industry Number of Tenants Annualized (1) (in thousands) Percentage of Annualized Base Rent Finance 74 $ 51,756 46.5 % _____________________ (1) Annualized base rent represents annualized contractual base rental income as of December 31, 2015 , adjusted to straight-line any contractual tenant concessions (including free rent), rent increases and rent decreases from the lease’s inception through the balance of the lease term.
Bank of America Corporation [Member]
Guarantor by Name [Line Items]
Schedule of Condensed Consolidated Information of Bank of America	Bank of America Corporation is the guarantor of various leases that its subsidiary, Bank of America, N.A., has with the Company. The condensed consolidated financial information of Bank of America Corporation has been included herein because of the significant credit concentration the Company has with this guarantor. Bank of America Corporation currently files its financial statements in reports filed with the SEC, and the following unaudited summary financial data regarding Bank of America Corporation is taken from its previously filed public reports. For more detailed financial information regarding Bank of America Corporation, please refer to its financial statements, which are publicly available with the SEC at http://www.sec.gov . Years Ended December 31, 2015 2014 2013 Consolidated Statements of Income (in millions) Total revenue, net of interest expense $ 82,507 $ 84,247 $ 88,942 Income before income taxes 22,154 6,855 16,172 Net income 15,888 4,833 11,431 As of December 31, 2015 December 31, 2014 Consolidated Balance Sheets (in millions) Total assets $ 2,144,316 $ 2,104,534 Total liabilities 1,888,111 1,861,063 Total stockholders’ equity 256,205 243,471

TENANT ORIGINATION AND ABSORP29

TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2015
Tenant Origination and Absorption Costs, Above-Market Lease Assets and Below-Market Lease Liabilities [Abstract]
Tenant Origination and Absorption Costs, Above-Market Lease Assets and Below-Market Lease Liabilities	As of December 31, 2015 and 2014 , the Company’s tenant origination and absorption costs, above-market lease assets, and below-market lease liabilities (excluding fully amortized assets and liabilities and accumulated amortization) were as follows (in thousands): Tenant Origination and Absorption Costs Above-Market Lease Assets Below-Market Lease Liabilities December 31, 2015 December 31, 2014 December 31, 2015 December 31, 2014 December 31, 2015 December 31, 2014 Cost, net of impairments (1) $ 61,708 $ 67,646 $ 32,415 $ 32,661 $ (65,882 ) $ (66,136 ) Accumulated amortization (1) (31,926 ) (28,953 ) (14,519 ) (11,018 ) 40,019 30,822 Net amount $ 29,782 $ 38,693 $ 17,896 $ 21,643 $ (25,863 ) $ (35,314 ) _____________________ (1) In 2015 and 2014 , the Company wrote-off fully amortized tenant origination and absorption costs of $2.4 million and $7.3 million , respectively, above-market lease assets of $0.2 million and $1.2 million , respectively, and below-market lease liabilities of $0.3 million and $3.9 million , respectively.
Amortization of Tenant Origination and Absorption Costs, Above-Market Leases and Below-Market Lease Liabilities	Increases (decreases) in net income as a result of amortization of the Company’s tenant origination and absorption costs, above-market lease assets and below-market lease liabilities for the years ended December 31, 2015 , 2014 and 2013 were as follows (in thousands): Tenant Origination and Absorption Costs Above-Market Lease Assets Below-Market Lease Liabilities For the Years Ended December 31, For the Years Ended December 31, For the Years Ended December 31, 2015 2014 2013 2015 2014 2013 2015 2014 2013 Amortization $ (11,902 ) $ (16,345 ) $ (18,483 ) $ (3,840 ) $ (3,790 ) $ (4,560 ) $ 11,032 $ 12,531 $ 12,875
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The remaining unamortized balance for these outstanding intangible assets and liabilities as of December 31, 2015 is expected to be amortized for the years ending December 31 as follows (in thousands): Tenant Origination and Absorption Costs Above-Market Lease Assets Below-Market Lease Liabilities 2016 $ (7,253 ) $ (3,271 ) $ 8,867 2017 (6,474 ) (2,885 ) 7,716 2018 (5,965 ) (2,627 ) 4,705 2019 (4,597 ) (1,925 ) 3,360 2020 (1,423 ) (1,591 ) 310 Thereafter (4,070 ) (5,597 ) 905 $ (29,782 ) $ (17,896 ) $ 25,863 Weighted-Average Remaining Amortization Period 5.3 years 7.6 years 3.6 years

REAL ESTATE LOANS RECEIVABLE (T

REAL ESTATE LOANS RECEIVABLE (Tables)	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
Schedule of Real Estate Loans Receivable	As of December 31, 2015 and 2014 , the Company, through indirect wholly owned subsidiaries, had invested in or originated real estate loans receivable as follows (dollars in thousands): Loan Name Location of Related Property or Collateral Date Acquired/ Originated Property Type Loan Type Outstanding Principal Balance as of December 31, 2015 (1) Book Value as of December 31, 2015 (2) Book Value as of December 31, 2014 (2) Contractual Interest Rate (3) Annualized Effective Interest Rate (3) Maturity Date Sandmar Mezzanine Loan Southeast U.S. (4) 01/09/2007 Retail Mezzanine $ 5,074 $ 5,096 $ 5,181 5.4% — % 01/01/2017 Lawrence Village Plaza Loan Origination New Castle, Pennsylvania (5) 08/06/2007 Retail Mortgage 6,903 6,903 6,920 8.0% 8.1 % 09/01/2015 San Diego Office Portfolio B-Note San Diego, California (6) 10/26/2007 Office B-Note 20,000 18,277 17,450 5.8% 11.2 % 10/11/2017 4929 Wilshire B-Note Los Angeles, California 11/19/2007 Office B-Note 3,834 3,503 3,365 6.1% 12.4 % 07/11/2017 $ 35,811 $ 33,779 $ 32,916 Reserve for Loan Losses (7) — (6,498 ) (3,994 ) $ 35,811 $ 27,281 $ 28,922 _____________________ (1) Outstanding principal balance as of December 31, 2015 represents original principal balance outstanding under the loan, increased for any subsequent fundings and reduced for any principal paydowns. (2) Book value represents outstanding principal balance, adjusted for unamortized acquisition discounts, origination fees and direct origination and acquisition costs. Loan balances are presented gross of any asset-specific reserves. (3) Contractual interest rate is the stated interest rate on the face of the loan. Annualized effective interest rate is calculated as the actual interest income recognized in 2015, using the interest method, annualized and divided by the average amortized cost basis of the investment during 2015. The contractual interest rates and annualized effective interest rates presented are as of December 31, 2015 . (4) The Company had recorded an asset-specific loan loss reserve against this investment as of December 31, 2015 and 2014. See “—Reserve for Loan Losses.” (5) On September 1, 2015, the Lawrence Village Plaza Loan Origination matured without repayment. The Company had recorded an asset-specific loan loss reserve against this investment as of December 31, 2015 . See “—Reserve for Loan Losses.” The Company is currently negotiating an agreement in lieu of foreclosure with the borrower under the Lawrence Village Plaza Loan Origination to transfer title of the property securing the loan to the Company in full satisfaction of the debt outstanding under, and all other obligations related to, the Lawrence Village Plaza Loan Origination. (6) The borrower under this note is a wholly owned subsidiary of the Irvine Company. Donald Bren, who is the brother of Peter Bren (one of the Company’s executive officers and sponsors), is the chairman of the Irvine Company. During the year ended December 31, 2015 , the Company recognized $2.0 million of interest income related to its investment in this loan. (7) See “—Reserve for Loan Losses.”
Schedule of Maturity of Mortgage Loans on Real Estate, Commercial and Consumer	The following is a schedule of maturities for all real estate loans receivable outstanding as of December 31, 2015 (in thousands): 2015 (1) $ 6,903 2017 28,908 $ 35,811 _____________________ (1) On September 1, 2015, the Lawrence Village Plaza Loan Origination matured without repayment. The Company had recorded an asset-specific loan loss reserve against this investment as of December 31, 2015 . See “—Reserve for Loan Losses.” The Company is currently negotiating an agreement in lieu of foreclosure with the borrower under the Lawrence Village Plaza Loan Origination to transfer title of the property securing the loan to the Company in full satisfaction of the debt outstanding under, and all other obligations related to, the Lawrence Village Plaza Loan Origination.
Schedule of Activity Related to Real Estate Loans Receivable	The following summarizes the activity related to real estate loans receivable for the year ended December 31, 2015 (in thousands): Real estate loans receivable, net - December 31, 2014 $ 28,922 Principal repayments received on real estate loans receivable (153 ) Accretion of discounts on purchased real estate loans receivable 1,048 Amortization of origination fees and costs on purchased and originated real estate loans receivable (32 ) Change in loan loss reserve (2,504 ) Real estate loans receivable, net - December 31, 2015 $ 27,281
Schedule of Investments in Real Estate Loans Receivable	The following summarizes the Company’s investments in real estate loans receivable as of December 31, 2015 (in thousands): Outstanding principal balance $ 35,811 Discounts on real estate loans receivable (8,060 ) Accumulated accretion of discounts on purchases of real estate loans receivable 5,943 Origination fees and costs on purchases and originations of real estate loans receivable 348 Accumulated amortization of origination fees and costs, net (263 ) Reserve for loan losses (6,498 ) Real estate loans receivable, net - December 31, 2015 $ 27,281
Schedule of Interest Income from Real Estate Loans Receivable	For the years ended December 31, 2015 , 2014 and 2013 , interest income from real estate loans receivable consisted of the following (in thousands): Years Ended December 31, 2015 2014 2013 Contractual interest income $ 2,073 $ 2,102 $ 2,249 Interest accretion 1,048 1,007 972 Amortization of origination fees and costs and acquisition costs, net (32 ) (32 ) 37 Interest income from real estate loans receivable $ 3,089 $ 3,077 $ 3,258
Schedule of Changes in Reserve for Loan Losses	Changes in the Company’s reserve for loan losses for the year ended December 31, 2015 were as follows (in thousands): Reserve for loan losses, December 31, 2014 $ 3,994 Provision for loan losses 2,504 Reserve for loan losses, December 31, 2015 $ 6,498

REAL ESTATE HELD FOR SALE AND31

REAL ESTATE HELD FOR SALE AND DISCONTINUED OPERATIONS (Tables)	12 Months Ended
	Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Major Components of Real Estate Held for Sale and Liabilities Related to Real Estate Held for Sale	The following summary presents the major components of assets and liabilities related to real estate held for sale as of December 31, 2015 and 2014 (in thousands): December 31, 2015 2014 Assets related to real estate held for sale Total real estate, at cost and net of impairment charges $ 9,392 $ 238,599 Accumulated depreciation and amortization (1,840 ) (30,594 ) Real estate held for sale, net 7,552 208,005 Other assets 110 10,783 Total assets related to real estate held for sale $ 7,662 $ 218,788 Liabilities related to real estate held for sale Notes payable — 113,424 Other liabilities 939 6,578 Total liabilities related to real estate held for sale $ 939 $ 120,002
Schedule of Revenue and Expenses Related to Real Estate Properties	The following table summarizes certain revenues and expenses related to all of these properties, which were included in continuing operations (in thousands): Years Ended December 31, 2015 2014 2013 Revenues Rental income $ 19,020 $ 37,165 $ 42,259 Tenant reimbursements and other operating income 7,482 14,517 14,658 Total revenues 26,502 51,682 56,917 Expenses Operating, maintenance, and management 9,534 18,819 22,948 Real estate taxes and insurance 3,169 6,558 7,365 Asset management fees to affiliate 224 721 914 General and administrative expenses — 75 11 Depreciation and amortization 7,596 19,095 17,874 Interest expense 3,456 14,237 19,303 Impairment of real estate 908 2,235 1,813 Total expenses 24,887 61,740 70,228
Schedule of Operating Income from Discontinued Operations	The following table summarizes operating income from discontinued operations for the years ended December 31, 2015 , 2014 and 2013 (in thousands): Years Ended December 31, 2015 2014 2013 Total revenues and other income $ 110 $ 2,505 $ 26,297 Total expenses (154 ) 922 23,574 Income from discontinued operations before gain on sales of real estate, net and impairment charge 264 1,583 2,723 Gain on sales of real estate, net 124 4,797 47,997 Impairment charge — (257 ) (8,975 ) Income from discontinued operations $ 388 $ 6,123 $ 41,745

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	As of December 31, 2015 and 2014 , the Company’s notes payable, including notes payable related to real estate held for sale, consisted of the following (dollars in thousands): Book Value as of December 31, 2015 Book Value as of December 31, 2014 Contractual Interest Rates as of December 31, 2015 (1) Effective Interest Rate as of December 31, 2015 (1) Payment Type Maturity Date (2) Notes Payable Plaza in Clayton Mortgage Loan $ 62,200 $ 62,200 5.9% 5.9% Interest Only 10/06/2016 Portfolio Loan 164,131 181,249 One-month LIBOR + 2.2% Interest Only 01/01/2017 226,331 243,449 GKK Properties Notes Payable Bank of America - BBD2 Mortgage Loan 65,712 138,027 6.0% 6.0% Principal & Interest 09/08/2019 101 Independence Mortgage Loan — 65,780 (3) (3) (3) (3) Citizens Bank Portfolio Mortgage Loan — 40,000 (4) (4) (4) (4) Pitney Bowes - Bank of America Mortgage Loan 36,160 38,261 5.3% 5.3% Principal & Interest 10/10/2022 FSI 6000D Mortgage Loan 28,934 29,419 5.8% 5.8% Principal & Interest 06/05/2017 FSI 6000B Mortgage Loan 27,763 28,228 5.8% 5.8% Principal & Interest 06/05/2017 FSI 6000A Mortgage Loan 24,271 24,551 6.8% 6.8% Principal & Interest 10/05/2017 FSI 6000C Mortgage Loan 21,967 22,219 6.8% 6.8% Principal & Interest 10/05/2017 Sterling Bank Mortgage Loan — 19,629 (5) (5) (5) (5) Pitney Bowes - Wachovia A Mortgage Loan — 15,065 (6) (6) (6) (6) 204,807 421,179 Total notes payable principal outstanding 431,138 664,628 Discount on notes payable, net (7) (2,487 ) (6,530 ) Deferred financing costs, net (429 ) (2,029 ) Total notes payable, net $ 428,222 $ 656,069 _____________________ (1) Contractual interest rate represents the interest rate in effect under the loan as of December 31, 2015 . Effective interest rate is calculated as the actual interest rate in effect as of December 31, 2015 (consisting of the contractual interest rate), using interest rate indices as of December 31, 2015 , where applicable. (2) Represents the initial maturity date or the maturity date as extended as of December 31, 2015 ; subject to certain conditions, the maturity dates of certain loans may be extended beyond the maturity date shown. (3) On May 1, 2015, in connection with the disposition of 101 Independence, the Company repaid the entire $65.3 million principal balance and all other sums due under this loan, including a prepayment premium of $4.4 million , and wrote-off an unamortized discount on note payable of $1.9 million . (4) On May 15, 2015, the Company repaid the entire principal balance and all other sums due under this loan. (5) On October 9, 2015, the Company, through an indirect wholly owned subsidiary, entered into a defeasance with the lender under the Sterling Bank Mortgage Loan to defease the entire outstanding principal balance of $19.6 million , releasing all the properties securing the Sterling Bank Mortgage Loan. See “Significant Financing Transactions - Defeasance of the Sterling Bank Mortgage Loan” below. (6) On September 16, 2015, the Company repaid the entire principal balance and all other sums due under this loan, including a prepayment premium of $2.2 million . (7) Represents the unamortized discount and premium on notes payable due to the above- and below-market interest rates when the loans were assumed. The discount and premium are amortized over the remaining life of the respective loan.
Schedule of Maturities of Long-term Debt	The following is a schedule of maturities, including principal amortization payments, for all notes payable outstanding as of December 31, 2015 (in thousands): 2016 $ 67,950 2017 269,956 2018 4,707 2019 61,957 2020 2,728 Thereafter 23,840 $ 431,138
Schedule of Activity Related to Notes Payable and Repurchase Agreements	The following summarizes the activity related to notes payable for the year ended December 31, 2015 (in thousands): Total notes payable, net - December 31, 2014 $ 656,069 Principal repayments (146,094 ) Defeasance of notes payable (87,396 ) Write-off of discount on notes payable related to sale 2,437 Amortization of deferred financing costs 1,873 Amortization of discount and premium on notes payable, net 1,333 Total notes payable, net - December 31, 2015 $ 428,222

FAIR VALUE DISCLOSURES (Tables)

FAIR VALUE DISCLOSURES (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Schedule of Face Value, Carrying Amounts and Fair Value	The following were the face values, carrying amounts and fair values of the Company’s real estate loans receivable and notes payable as of December 31, 2015 and 2014 , which carrying amounts generally do not approximate the fair values (in thousands): December 31, 2015 December 31, 2014 Face Value Carrying Amount Fair Value Face Value Carrying Amount Fair Value Financial assets: Real estate loans receivable (1) $ 35,811 $ 27,281 $ 25,218 $ 35,966 $ 28,922 $ 25,818 Financial liabilities: Notes payable $ 431,138 $ 428,222 $ 448,351 $ 664,628 $ 656,069 $ 688,374 _____________________ (1) Carrying amount of real estate loans receivable includes loan loss reserves.
Fair Value, Assets Measured on Nonrecurring Basis	During the year ended December 31, 2015 , the Company measured the following assets at fair value on a nonrecurring basis (in thousands): Fair Value Measurements Using Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Nonrecurring Basis (1) : Impaired real estate held for investment $ 235,105 $ — $ — $ 235,105 Impaired real estate held for sale 518 — — 518 Impaired real estate sold 2,126 — — 2,126 _____________________ (1) Amounts represent the aggregate fair value for real estate assets impacted by impairment charges during the year, as of the date that the fair value measurements were made. The carrying value for these real estate assets may have subsequently increased or decreased from the fair value reflected due to activity that has occurred since the measurement date.

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Schedule of Related Party Costs	Pursuant to the terms of the Advisory Agreement and the AIP Reimbursement Agreement, summarized below are the related-party costs incurred by the Company for the years ended December 31, 2015 , 2014 and 2013 , respectively, and any related amounts payable as of December 31, 2015 and 2014 (in thousands): Incurred Payable as of Year Ended December 31, December 31, 2015 2014 2013 2015 2014 Expensed Asset management fees (1) $ 9,547 $ 9,992 $ 11,034 $ — $ — Reimbursement of operating expenses (2) 269 261 187 68 45 Disposition fees (3) 3,244 1,174 3,315 — 399 $ 13,060 $ 11,427 $ 14,536 $ 68 $ 444 _____________________ (1) Amounts include asset management fees from discontinued operations totaling $17,000 and $0.9 million for the years ended December 31, 2014 and 2013 , respectively. (2) Reimbursable operating expenses primarily consists of internal audit personnel costs, accounting software and cybersecurity related expenses incurred by the Advisor under the Advisory Agreement. The Company reimburses the Advisor for the Company’s allocable portion of the salaries, benefits and overhead of internal audit department personnel providing services to the Company. These amounts totaled $0.2 million , $0.2 million and $0.2 million for the years ended December 31, 2015, 2014 and 2013, respectively. These were the only types of employee costs reimbursed under the Advisory Agreement for the years ended December 31, 2015, 2014 and 2013. The Company will not reimburse for employee costs in connection with services for which the Advisor earns disposition fees (other than reimbursement of travel and communication expenses) or for the salaries or benefits the Advisor or its affiliates may pay to the Company’s executive officers. (3) Disposition fees with respect to real estate sold are included in the gain (loss) on sales of real estate in the accompanying consolidated statements of operations. Disposition fees with respect to real estate securities sold are included in the gain on sales of real estate securities in the accompanying consolidated statements of operations. Also see Note 7, “Foreclosed Real Estate Held for Sale” with respect to disposition fees on foreclosed real estate held for sale.

SUPPLEMENTAL CASH FLOW AND SI35

SUPPLEMENTAL CASH FLOW AND SIGNIFICANT NONCASH TRANSACTION DISCLOSURES (Tables)	12 Months Ended
	Dec. 31, 2015
Supplemental Cash Flow and Significant Noncash Transaction Disclosures [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	Supplemental cash flow and significant noncash transaction disclosures were as follows (in thousands): For the Years Ended December 31, 2015 2014 2013 Supplemental Disclosure of Cash Flow Information: Interest paid $ 26,541 $ 47,095 $ 60,598 Supplemental Disclosure of Significant Noncash Investing and Financing Activities: Treasury securities transferred in connection with defeasance of notes payable $ 100,229 $ — $ — Defeasance of notes payable $ (87,396 ) $ — $ — Mortgage loans extinguished in connection with foreclosures and deed in lieu of foreclosure $ — $ 54,028 $ — Increase in distributions payable $ — $ 4,699 $ — Increase in capital expenses payable $ — $ 6,004 $ 1,319

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables summarize total revenues, interest expense and NOI for each reportable segment for the years ended December 31, 2015 , 2014 and 2013 , and total assets and total liabilities for each reportable segment as of December 31, 2015 and 2014 (in thousands): Years Ended December 31, 2015 2014 2013 Revenues: Real estate segment (1) $ 67,536 $ 71,965 $ 76,087 Real estate-related segment 3,089 3,077 3,258 GKK Properties segment (1) 117,595 137,423 138,959 Total revenues $ 188,220 $ 212,465 $ 218,304 Interest expense: Real estate segment (1) $ 8,391 $ 9,613 $ 18,001 Real estate-related segment — — — GKK Properties segment (1) 21,126 36,310 43,681 Total interest expense $ 29,517 $ 45,923 $ 61,682 NOI: Real estate segment (1) $ 26,882 $ 29,437 $ 24,545 Real estate-related segment 3,087 2,940 3,255 GKK Properties segment (1) 30,004 22,634 13,629 Total NOI $ 59,973 $ 55,011 $ 41,429 December 31, 2015 2014 Assets: Real estate segment $ 499,789 $ 529,012 Real estate-related segment 27,899 29,096 GKK Properties segment 508,345 550,406 Total segment assets 1,036,033 1,108,514 Real estate held for sale 7,662 218,788 Foreclosed real estate held for sale — 12,045 Corporate-level (2) 11,170 34,791 Total assets $ 1,054,865 $ 1,374,138 Liabilities: Real estate segment $ 243,387 $ 239,802 Real estate-related segment 3 — GKK Properties segment 279,569 395,923 Total segment liabilities 522,959 635,725 Real estate held for sale 939 120,002 Corporate-level (3) 1,304 5,638 Total liabilities $ 525,202 $ 761,365 _____________________ (1) Amounts include certain properties in continuing operations that were sold or held for sale as of December 31, 2015 . See Note 6, “Real Estate Held for Sale and Discontinued Operations” for more information. (2) Total corporate-level assets consisted primarily of cash and cash equivalents of approximately $10.6 million and $34.2 million as of December 31, 2015 and 2014 , respectively. (3) As of December 31, 2015 , corporate-level liabilities consisted primarily of accounts payable and accrued liabilities for general and administrative expenses. As of December 31, 2014 , corporate-level liabilities consisted primarily of distributions payable.
Reconciliation of Net Income (Loss) to Net Operating Income (Loss)	The following table reconciles the Company’s net loss to its NOI for the years ended December 31, 2015 , 2014 and 2013 (amounts in thousands): Years Ended December 31, 2015 2014 2013 Net loss $ (11,387 ) $ (21,266 ) $ (46,495 ) Gain on sales of real estate (99,988 ) (2,282 ) — Gain on sales of real estate securities — (4,410 ) (10,470 ) Loss (gain) from extinguishment of debt 22,518 (21,328 ) — Gain on sales of foreclosed real estate held for sale (2,509 ) (1,108 ) (378 ) Other income and interest income (1,394 ) (938 ) (3,389 ) Asset management fees to affiliate 9,547 9,975 10,110 General and administrative expenses 32,619 18,788 17,861 Depreciation and amortization 59,145 71,613 75,745 Impairment charges on real estate 49,306 10,117 40,190 Provision for loan losses 2,504 1,973 — Total income from discontinued operations (388 ) (6,123 ) (41,745 ) NOI (1) $ 59,973 $ 55,011 $ 41,429 _____________________ (1) Amounts include certain properties in continuing operations that were sold or held for sale as of December 31, 2015 . See Note 6, “Real Estate Held for Sale and Discontinued Operations” for more information.

SELECTED QUARTERLY FINANCIAL 37

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Schedule of Unaudited Quarterly Financial Information	Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2015 and 2014 (in thousands, except per share amounts): 2015 First Quarter Second Quarter Third Quarter Fourth Quarter Revenues $ 49,577 $ 44,966 $ 44,844 $ 48,833 Total income (loss) from discontinued operations $ 168 $ (7 ) $ 305 $ (78 ) Net income (loss) attributable to common stockholders $ 8,589 $ 19,751 $ (47,411 ) $ 7,684 Income (loss) per common share, basic and diluted $ 0.05 $ 0.11 $ (0.25 ) $ 0.03 Distributions declared per common share (1) $ 0.025 $ 0.025 $ 0.025 $ 0.275 2014 First Quarter Second Quarter Third Quarter Fourth Quarter Revenues $ 54,006 $ 54,462 $ 52,885 $ 51,112 Total income from discontinued operations $ 3,152 $ 9 $ 298 $ 2,664 Net loss attributable to common stockholders $ (4,515 ) $ (7,652 ) $ (249 ) $ (8,850 ) Loss per common share, basic and diluted $ (0.02 ) $ (0.04 ) $ — $ (0.05 ) Distributions declared per common share (1) $ — $ — $ 0.025 $ 0.025 ____________________ (1) See Note 2, “Summary of Significant Accounting Policies — Per Share Data” for more information on distributions declared per common share.

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Future Minimum Lease Payments, Non-Cancelable Operating Leases	Future minimum lease payments owed by the Company under non-cancelable operating building and ground leases as of December 31, 2015 were as follows (in thousands): 2016 $ 16,642 2017 12,644 2018 2,440 2019 1,774 2020 1,289 Thereafter 30,182 $ 64,971

ORGANIZATION (Details)

ORGANIZATION (Details) $ in Thousands	Dec. 19, 2013USD ($)	Dec. 31, 2015USD ($)propertyshares	Dec. 31, 2014USD ($)propertyshares	Dec. 31, 2013USD ($)shares	May. 30, 2008USD ($)shares	Jun. 30, 2012USD ($)shares	Dec. 31, 2015USD ($)propertyshares	Dec. 15, 2011property	Sep. 01, 2011property
Organizational Structure [Line Items]
Partnership interest in the Operating Partnership and is its sole limited partner		99.00%
Partnership interest in Operating Partnership		1.00%
Number of real estate properties		364					364
Number of real estate properties held for sale		8					8
Number of real estate loans receivable		4					4
Redemptions of common stock, value | $		$ 6,361	$ 7,890	$ 7,384
Property Manager [Member]
Organizational Structure [Line Items]
Agreement for annual fee to be paid for real estate services, amount | $	$ 7,500
Common Stock [Member]
Organizational Structure [Line Items]
Issuance of common stock, shares | shares					171,109,494
Issuance of common stock, value | $					$ 1,700,000
Shares of common stock sold under dividend reinvestment plan, shares | shares						28,306,086
Shares of common stock sold under dividend reinvestment plan, value | $						$ 233,700
Redemptions of common stock, shares | shares		1,431,368	1,771,186	1,444,315			13,021,433
Redemptions of common stock, value | $		$ 15	$ 17	$ 15			$ 91,800
Condominium Units [Member]
Organizational Structure [Line Items]
Number of real estate properties held for sale			2
KBS Capital Advisors LLC [Member] | Common Stock [Member]
Organizational Structure [Line Items]
Shares held by affiliate | shares		20,000					20,000
GKK Properties [Member]
Organizational Structure [Line Items]
Number of real estate properties								867	867
Amended Service Agreement, Extension Period	1 year
GKK Properties [Member] | Minimum [Member]
Organizational Structure [Line Items]
Profit participation interest based on a percentage rate of gross fair value of gross sale price	10.00%
GKK Properties [Member] | Maximum [Member]
Organizational Structure [Line Items]
Profit participation interest based on a percentage rate of gross fair value of gross sale price	30.00%
Accrued income receivable | $		$ 21,700					$ 21,700
GKK Properties [Member] | Bank Branches [Member]
Organizational Structure [Line Items]
Number of real estate properties									576
GKK Properties [Member] | Office Building [Member]
Organizational Structure [Line Items]
Number of real estate properties									291

SUMMARY OF SIGNIFICANT ACCOUN40

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Reclassifications) (Details) - property	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 15, 2011	Sep. 01, 2011
Summary of Significant Accounting Policies [Line Items]
Number of real estate properties disposed	34	16
Number of real estate properties	364
Real Estate Held for Sale [Member]
Summary of Significant Accounting Policies [Line Items]
Number of real estate properties		2
GKK Properties [Member]
Summary of Significant Accounting Policies [Line Items]
Number of real estate properties disposed	31	11
Number of real estate properties			867	867
Real Estate Held for Sale [Member] | GKK Properties [Member]
Summary of Significant Accounting Policies [Line Items]
Number of real estate properties	8

SUMMARY OF SIGNIFICANT ACCOUN41

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Useful Life) (Details)	12 Months Ended
	Dec. 31, 2015
Building [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful life	15 years
Building [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful life	40 years
Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful life	10 years
Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful life	25 years
Tenant Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	Shorter of lease term or expected useful life
Tenant Origination and Absorption Costs [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	Remaining term of related leases, including below-market renewal periods

SUMMARY OF SIGNIFICANT ACCOUN42

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Investment in Unconsolidated Joint Venture) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Accounting Policies [Abstract]
Participation interest in an unconsolidated joint venture	$ 0	$ 0

SUMMARY OF SIGNIFICANT ACCOUN43

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Share Redemption Program) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended			119 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015	Dec. 08, 2015	Dec. 07, 2015	Nov. 30, 2015	Dec. 09, 2014
Equity, Class of Treasury Stock [Line Items]
Share redemption program, dollar limitation	$ 10,000
Share redemption program, dollar limitation approved in year one	$ 10,000
Maximum percentage of weighted-average shares outstanding available for redemption during any calendar year	5.00%
Estimated value per share of company's common stock					$ 3.94			$ 4.52
Redemption price of most recent estimated value per share	$ 3.94			$ 3.94			$ 4.52
Special dividends, per share, declared						$ 0.25
Redemptions of common stock, value	$ 6,361	$ 7,890	$ 7,384
Common Stock [Member]
Equity, Class of Treasury Stock [Line Items]
Redemptions of common stock, value	$ 15	$ 17	$ 15	$ 91,800

SUMMARY OF SIGNIFICANT ACCOUN44

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Related Party Transactions, Disposition Fees) (Details)	12 Months Ended
	Dec. 31, 2015
Related Party Transaction [Line Items]
Property management fee, percent fee	0.75%
KBS Capital Advisors LLC or Affiliates [Member]
Related Party Transaction [Line Items]
Selling commissions fees paid, percent of sales price	1.00%
KBS Capital Advisors LLC or Affiliates [Member] | Maximum [Member] | GKK Properties [Member]
Related Party Transaction [Line Items]
Selling commissions fees paid, percent of sales price	1.00%
KBS Capital Advisors LLC [Member]
Related Party Transaction [Line Items]
Monthly asset management fee, percent of acquisition expense	0.0625%
KBS Capital Advisors LLC, Affiliates or Unaffiliated Third Parties [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Selling commissions fees paid, percent of sales price	6.00%

SUMMARY OF SIGNIFICANT ACCOUN45

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Per Share Data) (Details) - $ / shares	Nov. 30, 2015	Dec. 09, 2014	Sep. 30, 2014	Nov. 06, 2013	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounting Policies [Abstract]
Distributions declared per common share	$ 0.25	$ 0.025	$ 0.025	$ 0.395	$ 0.275	$ 0.025	$ 0.025	$ 0.025	$ 0.025	$ 0.025	$ 0	$ 0	$ 0.35	$ 0.050	$ 0.395

REAL ESTATE HELD FOR INVESTME46

REAL ESTATE HELD FOR INVESTMENT (Narrative) (Details) ft² in Millions	Dec. 31, 2015ft²Statesproperty	Dec. 15, 2011property	Sep. 01, 2011property
Real Estate Properties [Line Items]
Rentable square feet | ft²	7.7
Percentage of real estate portfolio occupied	85.00%
Number of states in which entity operates | States	30
Number of real estate properties | property	364
GKK Properties [Member]
Real Estate Properties [Line Items]
Rentable square feet | ft²	4.6
Percentage of real estate portfolio occupied	83.00%
Number of real estate properties | property		867	867

REAL ESTATE HELD FOR INVESTME47

REAL ESTATE HELD FOR INVESTMENT (Schedule of Real Estate Investments) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Real Estate Properties [Line Items]
Real estate held for investment, at cost and net of impairment charges	$ 1,014,571	$ 1,073,320
Accumulated depreciation and amortization	(161,243)	(162,814)
Total real estate held for investment, net	853,328	910,506
Office Building [Member]
Real Estate Properties [Line Items]
Real estate held for investment, at cost and net of impairment charges	420,076	471,086
Industrial [Member]
Real Estate Properties [Line Items]
Real estate held for investment, at cost and net of impairment charges	90,306	87,827
GKK Properties [Member]
Real Estate Properties [Line Items]
Real estate held for investment, at cost and net of impairment charges	504,189	514,407
Land [Member]
Real Estate Properties [Line Items]
Real estate held for investment, at cost and net of impairment charges	236,034	241,664
Accumulated depreciation and amortization	0	0
Total real estate held for investment, net	236,034	241,664
Land [Member] | Office Building [Member]
Real Estate Properties [Line Items]
Real estate held for investment, at cost and net of impairment charges	61,987	68,178
Land [Member] | Industrial [Member]
Real Estate Properties [Line Items]
Real estate held for investment, at cost and net of impairment charges	14,651	14,651
Land [Member] | GKK Properties [Member]
Real Estate Properties [Line Items]
Real estate held for investment, at cost and net of impairment charges	159,396	158,835
Buildings and Improvements [Member]
Real Estate Properties [Line Items]
Real estate held for investment, at cost and net of impairment charges	716,829	764,010
Accumulated depreciation and amortization	(129,317)	(133,861)
Total real estate held for investment, net	587,512	630,149
Buildings and Improvements [Member] | Office Building [Member]
Real Estate Properties [Line Items]
Real estate held for investment, at cost and net of impairment charges	357,524	401,083
Buildings and Improvements [Member] | Industrial [Member]
Real Estate Properties [Line Items]
Real estate held for investment, at cost and net of impairment charges	73,411	70,039
Buildings and Improvements [Member] | GKK Properties [Member]
Real Estate Properties [Line Items]
Real estate held for investment, at cost and net of impairment charges	285,894	292,888
Tenant Origination and Absorption Costs [Member]
Real Estate Properties [Line Items]
Real estate held for investment, at cost and net of impairment charges	61,708	67,646
Accumulated depreciation and amortization	(31,926)	(28,953)
Total real estate held for investment, net	29,782	38,693
Tenant Origination and Absorption Costs [Member] | Office Building [Member]
Real Estate Properties [Line Items]
Real estate held for investment, at cost and net of impairment charges	565	1,825
Tenant Origination and Absorption Costs [Member] | Industrial [Member]
Real Estate Properties [Line Items]
Real estate held for investment, at cost and net of impairment charges	2,244	3,137
Tenant Origination and Absorption Costs [Member] | GKK Properties [Member]
Real Estate Properties [Line Items]
Real estate held for investment, at cost and net of impairment charges	$ 58,899	$ 62,684

REAL ESTATE HELD FOR INVESTME48

REAL ESTATE HELD FOR INVESTMENT (Operating Leases) (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)Tenants	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Operating Leased Assets [Line Items]
Impairment charge	$ 49,306	$ 10,117	$ 40,190
Recognition of deferred revenue, net of discontinued operations	2,500	3,400	4,000
Amortization of lease incentives	1,400	1,400	1,400
Deferred rent receivables	30,300	27,700
Unamortized lease incentives	$ 5,800	5,700
Number of tenants | Tenants	300
Bad debt reserve	$ 500	1,100
Provision of doubtful accounts, net of discontinued operations	$ (100)	500	$ 2,200
Maximum [Member]
Operating Leased Assets [Line Items]
Operating lease term	11 years 2 months 12 days
Weighted Average [Member]
Operating Leased Assets [Line Items]
Operating lease term	4 years 3 months 18 days
GKK Properties [Member]
Operating Leased Assets [Line Items]
Bad debt reserve	$ 400	1,000
GKK Properties [Member] | Maximum [Member]
Operating Leased Assets [Line Items]
Operating lease term	11 years 2 months 12 days
GKK Properties [Member] | Weighted Average [Member]
Operating Leased Assets [Line Items]
Operating lease term	4 years 1 month 6 days
Other Liabilities [Member]
Operating Leased Assets [Line Items]
Security deposit liability	$ 3,200	$ 3,000

REAL ESTATE HELD FOR INVESTME49

REAL ESTATE HELD FOR INVESTMENT (Future Minimum Rental Income) (Details) $ in Thousands	Dec. 31, 2015USD ($)
Real Estate Held for Investment [Abstract]
2,016	$ 111,091
2,017	104,503
2,018	91,565
2,019	78,161
2,020	58,534
Thereafter	156,386
Future minimum rental income	$ 600,240

REAL ESTATE HELD FOR INVESTME50

REAL ESTATE HELD FOR INVESTMENT (Highes Tenant Industry Concentrations- Grater than 10% of Annual Base Rent) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)Tenants
Concentration Risk [Line Items]
Number of Tenants	300
Industry - Finance [Member]
Concentration Risk [Line Items]
Number of Tenants	74
Annualized Base Rent | $	$ 51,756
Percentage of Annualized Base Rent	46.50%

REAL ESTATE HELD FOR INVESTME51

REAL ESTATE HELD FOR INVESTMENT (Concentration of Credit Risk, Tenant Lease that Represents More than 10% of Annualized Base Rent) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)ft²$ / ft²
Concentration Risk [Line Items]
Rentable Square Feet	7,700,000
Weighted Average [Member]
Concentration Risk [Line Items]
Operating lease term	4 years 3 months 18 days
Tenant Lease - Bank of America, N.A. [Member]
Concentration Risk [Line Items]
Rentable Square Feet	2,290,434
Annualized Base Rent | $	$ 18,826
Annualized Base Rent per Square Foot | $ / ft²	8.22
Tenant Lease - Bank of America, N.A. [Member] | Weighted Average [Member]
Concentration Risk [Line Items]
Operating lease term	4 years 3 months 18 days
Tenant Lease - Bank of America, N.A. [Member] | Rentable Square Feet [Member]
Concentration Risk [Line Items]
Percentage of Annualized Base Rent	35.20%
Tenant Lease - Bank of America, N.A. [Member] | Base Rent [Member]
Concentration Risk [Line Items]
Percentage of Annualized Base Rent	16.90%

REAL ESTATE HELD FOR INVESTME52

REAL ESTATE HELD FOR INVESTMENT (Condensed Financial Information of Bank of America Corporation) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Consolidated Statements of Income (in millions)
Total revenue, net of interest expense	$ 48,833	$ 44,844	$ 44,966	$ 49,577	$ 51,112	$ 52,885	$ 54,462	$ 54,006	$ 188,220	$ 212,465	$ 218,304
Net income	7,684	$ (47,411)	$ 19,751	$ 8,589	(8,850)	$ (249)	$ (7,652)	$ (4,515)
Consolidated Balance Sheets (in millions)
Total assets	1,054,865				1,374,138				1,054,865	1,374,138
Total liabilities	525,202				761,365				525,202	761,365
Total stockholders’ equity	519,663				602,773				519,663	602,773
Bank of America Corporation [Member]
Consolidated Statements of Income (in millions)
Total revenue, net of interest expense									82,507,000	84,247,000	88,942,000
Income before income taxes									22,154,000	6,855,000	16,172,000
Net income									15,888,000	4,833,000	$ 11,431,000
Consolidated Balance Sheets (in millions)
Total assets	2,144,316,000				2,104,534,000				2,144,316,000	2,104,534,000
Total liabilities	1,888,111,000				1,861,063,000				1,888,111,000	1,861,063,000
Total stockholders’ equity	$ 256,205,000				$ 243,471,000				$ 256,205,000	$ 243,471,000

REAL ESTATE HELD FOR INVESTME53

REAL ESTATE HELD FOR INVESTMENT (Geographic Concentration Risk) (Details)	12 Months Ended
	Dec. 31, 2015
VIRGINIA | Assets, Total [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	12.00%

REAL ESTATE HELD FOR INVESTME54

REAL ESTATE HELD FOR INVESTMENT (Impairment of Real Estate) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)ft²property	Dec. 31, 2014USD ($)property	Dec. 31, 2013USD ($)
Investment [Line Items]
Impairment charge	$ 49,306	$ 10,117	$ 40,190
Number of real estate properties included in impairment calculation | property	10	6
Nine Properties Held for Investment [Member]
Investment [Line Items]
Impairment charge	$ 48,400
Tysons Dulles Plaza [Member]
Investment [Line Items]
Impairment charge	15,700	$ 7,200
69 State Street [Member]
Investment [Line Items]
Impairment charge	2,000
Las Vegas Ops Center [Member]
Investment [Line Items]
Impairment charge	2,000
University Park Buildings [Member]
Investment [Line Items]
Impairment charge	$ 3,400
Net Rentable Area Occupied | ft²	36,377
Net Rentable Area Occupied, Percent	28.00%
Other Property [Member]
Investment [Line Items]
Impairment charge	$ 500
Number of real estate properties included in impairment calculation | property	5
Other Property [Member] | Maximum [Member]
Investment [Line Items]
Amount of impairment of real estate per individual property	$ 250
Woodfield Preserve Office Center [Member]
Investment [Line Items]
Impairment charge	$ 24,800
Net Rentable Area Occupied | ft²	51,616
Net Rentable Area Occupied, Percent	8.00%
GKK Properties [Member]
Investment [Line Items]
Number of real estate properties included in impairment calculation | property	6	2
GKK Properties [Member] | Other Property [Member]
Investment [Line Items]
Number of real estate properties included in impairment calculation | property	4

TENANT ORIGINATION AND ABSORP55

TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Acquired Finite-Lived Intangible Assets [Line Items]
Tenant Origination and Absorption Costs, Cost, net of impairments	$ 61,708	$ 67,646
Tenant Origination and Absorption Costs, Accumulated amortization	(31,926)	(28,953)
Tenant Origination and Absorption Costs, Net amount	29,782	38,693
Above-Market Lease Assets, Cost, net of impairments	32,415	32,661
Above-Market Lease Assets, Accumulated amortization	(14,519)	(11,018)
Above-Market Lease Assets, Net amount	17,896	21,643
Below-Market Lease Liabilities, Cost, net of impairments	(65,882)	(66,136)
Below-Market Lease Liabilities, Accumulated amortization	40,019	30,822
Below-Market Lease Liabilities, Net amount	(25,863)	(35,314)
Tenant Origination and Absorption Costs, Amortization	(11,902)	(16,345)	$ (18,483)
Above-Market Lease Assets, Amortization	(3,840)	(3,790)	(4,560)
Below-Market Lease Liabilities, Amortization	11,032	12,531	$ 12,875
Tenant Origination and Absorption Costs [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Wrote-off fully amortized tenant origination and absorption costs	2,400	7,300
Above Market Leases [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Wrote-off fully amortized tenant origination and absorption costs	200	1,200
Below Market Leases [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Wrote-off fully amortized tenant origination and absorption costs	$ 300	$ 3,900

TENANT ORIGINATION AND ABSORP56

TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES (Remaining Unamortized Balance) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Below Market Lease, Net, Amortization Income, Fiscal Year Maturity [Abstract]
2,016	$ 8,867
2,017	7,716
2,018	4,705
2,019	3,360
2,020	310
Thereafter	905
Net Amount	$ 25,863
Tenant Origination and Absorption Costs [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Amortization Period	5 years 3 months 18 days
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2,016	$ (7,253)
2,017	(6,474)
2,018	(5,965)
2,019	(4,597)
2,020	(1,423)
Thereafter	(4,070)
Net Amount	$ (29,782)
Above Market Leases [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Amortization Period	7 years 7 months 6 days
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2,016	$ (3,271)
2,017	(2,885)
2,018	(2,627)
2,019	(1,925)
2,020	(1,591)
Thereafter	(5,597)
Net Amount	$ (17,896)
Below Market Leases [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Amortization Period	3 years 7 months 6 days

REAL ESTATE LOANS RECEIVABLE (S

REAL ESTATE LOANS RECEIVABLE (Schedule of Real Estate Loans Receivable) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance	$ 35,811
Book Value	33,779	$ 32,916
Reserve for Loan Losses	(6,498)	(3,994)
Book Value	27,281	28,922
Investment income, interest	3,089	3,077	$ 3,258
Interest receivable	100	100
Sandmar Mezzanine Loan Southeast U.S. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Book Value	$ 0
Mezzanine [Member] | Sandmar Mezzanine Loan Southeast U.S. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Date Acquired/ Originated	Jan. 9, 2007
Outstanding principal balance	$ 5,074
Book Value	$ 5,096	5,181
Contractual Interest Rate	5.40%
Annualized Effective Interest Rate	0.00%
Maturity Date	Jan. 1, 2017
Mortgages [Member] | Lawrence Village Plaza Loan Origination New Castle, Pennsylvania [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Date Acquired/ Originated	Aug. 6, 2007
Outstanding principal balance	$ 6,903
Book Value	$ 6,903	6,920
Contractual Interest Rate	8.00%
Annualized Effective Interest Rate	8.10%
Maturity Date	Sep. 1, 2015
B-Note [Member] | San Diego Office Portfolio B-Note San Diego, California [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Date Acquired/ Originated	Oct. 26, 2007
Outstanding principal balance	$ 20,000
Book Value	$ 18,277	17,450
Contractual Interest Rate	5.80%
Annualized Effective Interest Rate	11.20%
Maturity Date	Oct. 11, 2017
Investment income, interest	$ 2,000
B-Note [Member] | 4929 Wilshire B-Note Los Angeles, California [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Date Acquired/ Originated	Nov. 19, 2007
Outstanding principal balance	$ 3,834
Book Value	$ 3,503	$ 3,365
Contractual Interest Rate	6.10%
Annualized Effective Interest Rate	12.40%
Maturity Date	Jul. 11, 2017

REAL ESTATE LOANS RECEIVABLE 58

REAL ESTATE LOANS RECEIVABLE (Schedule of Maturities for Real Estate Loans Receivable Outstanding) (Details) $ in Thousands	Dec. 31, 2015USD ($)
Schedule of Maturities of Accounts, Notes, Loans and Financing Receivable [Line Items]
2,015	$ 6,903
2,017	28,908
Total	$ 35,811

REAL ESTATE LOANS RECEIVABLE 59

REAL ESTATE LOANS RECEIVABLE (Schedule of Activity Related to Real Estate Loans Receivable) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Real Estate Loans Receivable [Roll Forward]
Real estate loans receivable, net - December 31, 2014	$ 28,922
Principal repayments received on real estate loans receivable	(153)
Accretion of discounts on purchased real estate loans receivable	1,048
Amortization of origination fees and costs on purchased and originated real estate loans receivable	(32)	$ (32)	$ 37
Change in loan loss reserve	(2,504)
Real estate loans receivable, net - December 31, 2015	$ 27,281	$ 28,922

REAL ESTATE LOANS RECEIVABLE 60

REAL ESTATE LOANS RECEIVABLE (Schedule of Investments in Real Estate Loans Receivable) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Receivables [Abstract]
Outstanding principal balance	$ 35,811
Discounts on real estate loans receivable	(8,060)
Accumulated accretion of discounts on purchases of real estate loans receivable	5,943
Origination fees and costs on purchases and originations of real estate loans receivable	348
Accumulated amortization of origination fees and costs, net	(263)
Reserve for loan losses	(6,498)	$ (3,994)
Real estate loans receivable, net - December 31, 2015	$ 27,281	$ 28,922

REAL ESTATE LOANS RECEIVABLE 61

REAL ESTATE LOANS RECEIVABLE (Schedule of Interest Income from Real Estate Loans Receivable) (Details) - USD ($) $ in Thousands	4 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Receivables [Abstract]
Contractual interest income		$ 2,073	$ 2,102	$ 2,249
Interest accretion		1,048	1,007	972
Amortization of origination fees and costs and acquisition costs, net		(32)	(32)	37
Interest income from real estate loans receivable		3,089	3,077	$ 3,258
Accounts, Notes, Loans and Financing Receivable [Line Items]
Book value	$ 27,281	27,281	28,922
Sandmar Mezzanine Loan Southeast U.S. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Book value	0	0
Interest income related to impaired loans		100	200
Lawrence Village Plaza Loan Origination [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income related to impaired loans	$ 200	$ 600	$ 600

REAL ESTATE LOANS RECEIVABLE (R

REAL ESTATE LOANS RECEIVABLE (Reserve for Loan Losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Mortgage Loans on Real Estate [Line Items]
Reserve for loan losses, December 31, 2014	$ 3,994
Provision for loan losses	2,504	$ 1,973	$ 0
Reserve for loan losses, December 31, 2015	6,498	3,994
Sandmar Mezzanine Loan [Member]
Mortgage Loans on Real Estate [Line Items]
Provision for loan losses		$ 2,000
Reserve for loan losses, December 31, 2015	5,100
Mortgage loans on real estate, amortized cost basis	5,100
Lawrence Village Plaza Loan Origination New Castle, Pennsylvania [Member]
Mortgage Loans on Real Estate [Line Items]
Reserve for loan losses, December 31, 2015	1,400
Mortgage loans on real estate, amortized cost basis	6,900
Sandmar Mezzanine Loan and the Lawrence Village Plaza Loan [Member]
Mortgage Loans on Real Estate [Line Items]
Provision for loan losses	$ 2,500

REAL ESTATE HELD FOR SALE AND63

REAL ESTATE HELD FOR SALE AND DISCONTINUED OPERATIONS (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)property	Dec. 31, 2014USD ($)property	Dec. 31, 2013USD ($)	Dec. 15, 2011property	Sep. 01, 2011property
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties	364
Number of real estate properties disposed	34	16
Real estate held for sale, net | $	$ 7,552	$ 208,005
Impairment charges on discontinued operations | $	$ 0	$ 257	$ 8,975
GKK Properties [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties				867	867
Number of real estate properties disposed	31	11
Real Estate Properties Transferred in Connection with Debt		5
Additional number of real estate properties disposed		2
Number of Real Estate Properties Classified as Held for Sale during Period	8
Number of real estate properties with terminated leasehold interest	3	3
Real estate properties transferred in connection with foreclosure		2
Assets Held-for-sale [Member] | GKK Properties [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties	8
Historical Real Estate [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties disposed	3	4
Historical Real Estate [Member] | GKK Properties [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties disposed	30

REAL ESTATE HELD FOR SALE AND64

REAL ESTATE HELD FOR SALE AND DISCONTINUED OPERATIONS (Schedule of Major Components of Real Estate Held for Sale and Liabilities Related to Real Estate Held for Sale) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]
Total real estate, at cost and net of impairment charges	$ 9,392	$ 238,599
Accumulated depreciation and amortization	(1,840)	(30,594)
Real estate held for sale, net	7,552	208,005
Other assets	110	10,783
Total assets related to real estate held for sale	7,662	218,788
Notes payable	0	113,424
Other liabilities	939	6,578
Total liabilities related to real estate held for sale	$ 939	$ 120,002

REAL ESTATE HELD FOR SALE AND65

REAL ESTATE HELD FOR SALE AND DISCONTINUED OPERATIONS (Revenue and Expenses) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Real Estate Properties [Line Items]
Rental income									$ 135,117	$ 151,351	$ 160,014
Tenant reimbursements and other operating income									47,217	54,366	51,306
Total revenues	$ 48,833	$ 44,844	$ 44,966	$ 49,577	$ 51,112	$ 52,885	$ 54,462	$ 54,006	188,220	212,465	218,304
Operating, maintenance, and management									75,034	84,288	86,204
Real estate taxes and insurance									23,696	27,243	28,989
Asset management fees to affiliate									9,547	9,975	10,110
General and administrative expenses									32,619	18,788	17,861
Depreciation and amortization									59,145	71,613	75,745
Interest expense									29,517	45,923	61,682
Impairment charge									49,306	10,117	40,190
Total expenses									281,368	269,920	320,781
Two Properties [Member]
Real Estate Properties [Line Items]
Rental income									19,020	37,165	42,259
Tenant reimbursements and other operating income									7,482	14,517	14,658
Total revenues									26,502	51,682	56,917
Operating, maintenance, and management									9,534	18,819	22,948
Real estate taxes and insurance									3,169	6,558	7,365
Asset management fees to affiliate									224	721	914
General and administrative expenses									0	75	11
Depreciation and amortization									7,596	19,095	17,874
Interest expense									3,456	14,237	19,303
Impairment charge									908	2,235	1,813
Total expenses									$ 24,887	$ 61,740	$ 70,228

REAL ESTATE HELD FOR SALE AND66

REAL ESTATE HELD FOR SALE AND DISCONTINUED OPERATIONS (Schedule of Operating Income from Discontinued Operations) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]
Total revenues and other income									$ 110	$ 2,505	$ 26,297
Total expenses									(154)	922	23,574
Income from discontinued operations before gain on sales of real estate, net and impairment charge									264	1,583	2,723
Gain on sales of real estate, net									124	4,797	47,997
Impairment charge									0	(257)	(8,975)
Total income from discontinued operations	$ (78)	$ 305	$ (7)	$ 168	$ 2,664	$ 298	$ 9	$ 3,152	$ 388	$ 6,123	$ 41,745

REAL ESTATE HELD FOR SALE AND67

REAL ESTATE HELD FOR SALE AND DISCONTINUED OPERATIONS (Significant Transactions) (Details) $ in Thousands	May. 01, 2015USD ($)ft²	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Real estate held for sale, net		$ 7,552	$ 208,005
Accumulated depreciation and amortization		$ 1,840	$ 30,594
101 Independence [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net rentable area | ft²	565,694
Sales of real estate	$ 107,800
Sales of real estate, net of concessions and credits	106,800
Real estate held for sale, net	69,500
Accumulated depreciation and amortization	13,300
Gain on sale of properties	$ 35,000

FORECLOSED REAL ESTATE HELD F68

FORECLOSED REAL ESTATE HELD FOR SALE (Details) $ in Thousands	12 Months Ended			24 Months Ended
	Dec. 31, 2015USD ($)property	Dec. 31, 2014USD ($)property	Dec. 31, 2013USD ($)property	Dec. 31, 2007Investments	Feb. 19, 2010
Real Estate Properties [Line Items]
Number of debt investments | Investments				3
Number of real estate properties held for sale | property	8
Foreclosed real estate held for sale	$ 0	$ 12,045
Gain on sales of foreclosed real estate held for sale	2,509	$ 1,108	$ 378
Condominium Units [Member]
Real Estate Properties [Line Items]
Number of real estate properties held for sale | property		2
Tribeca Building [Member]
Real Estate Properties [Line Items]
Right of ownership interest after foreclosure, percentage					100.00%
Foreclosed real estate held for sale		$ 12,000
Foreclosed real estate expense	300
Disposition fees	200	400
Gain on sales of foreclosed real estate held for sale	$ 2,500	1,100	400
Expense related to foreclosed real estate held-for-sale		$ 1,200	$ 1,500
Tribeca Building [Member] | Condominium Units [Member]
Real Estate Properties [Line Items]
Number of real estate properties sold, classified as held-for-sale | property	2	1	2
Tribeca Building [Member] | Residential Real Estate [Member]
Real Estate Properties [Line Items]
Number of real estate properties sold, classified as held-for-sale | property	26
Tribeca Building [Member] | Retail Real Estate [Member]
Real Estate Properties [Line Items]
Number of real estate properties sold, classified as held-for-sale | property	2

NOTES PAYABLE (Narrative) (Deta

NOTES PAYABLE (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Deferred financing costs	$ 400	$ 2,000
Interest expense	29,517	45,923	$ 61,682
Amortization of financing cost, net of discontinued operations	1,900	1,500	800
Amortization of discount and premium on notes payable, net	1,333	3,371	4,198
Interest payable	1,700	1,900
Notes Payable [Member]
Debt Instrument [Line Items]
Amortization of discount and premium on notes payable, net	$ 1,300	$ 3,400	$ 2,500

NOTES PAYABLE (Schedule of Long

NOTES PAYABLE (Schedule of Long-term Debt Instruments) (Details) - USD ($) $ in Thousands	May. 01, 2015	Dec. 31, 2015	Oct. 09, 2015	Sep. 16, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Total notes payable principal outstanding		$ 431,138			$ 664,628
Discount on notes payable, net		(2,487)			(6,530)
Deferred financing costs, net		(429)			(2,029)
Total notes payable, net		428,222			656,069
Outstanding principal balance		35,811
Defeasance of the Sterling Bank Mortgage Loan [Member]
Debt Instrument [Line Items]
Interest rate, stated percentage			5.57%
Outstanding principal balance			$ 19,600
101 Independence Mortgage Loan [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Extinguishment of debt	$ 65,300
Prepayment premium	4,400
Unamortized discount	$ 1,900
Pitney Bowes - Wachovia A Mortgage Loan [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Prepayment premium				$ 2,200
Mortgages [Member]
Debt Instrument [Line Items]
Total notes payable principal outstanding		226,331			243,449
Mortgages [Member] | GKK Properties [Member]
Debt Instrument [Line Items]
Total notes payable principal outstanding		204,807			421,179
Mortgages [Member] | Plaza in Clayton Mortgage Loan [Member]
Debt Instrument [Line Items]
Total notes payable principal outstanding		$ 62,200			62,200
Interest rate, stated percentage		5.90%
Interest rate, effective percentage		5.90%
Maturity Date		Oct. 6, 2016
Mortgages [Member] | Portfolio Loan [Member]
Debt Instrument [Line Items]
Total notes payable principal outstanding		$ 164,131			181,249
Interest rate, effective percentage		2.20%
Maturity Date		Jan. 1, 2017
Mortgages [Member] | Portfolio Loan [Member] | One-month LIBOR [Member]
Debt Instrument [Line Items]
Variable rate		1.80%
Mortgages [Member] | Bank of America - BBD2 Mortgage Loan [Member] | GKK Properties [Member]
Debt Instrument [Line Items]
Total notes payable principal outstanding		$ 65,712			138,027
Interest rate, stated percentage		5.96%
Interest rate, effective percentage		6.00%
Maturity Date		Sep. 8, 2019
Mortgages [Member] | 101 Independence Mortgage Loan [Member] | GKK Properties [Member]
Debt Instrument [Line Items]
Total notes payable principal outstanding		$ 0			65,780
Mortgages [Member] | Citizen Bank Portfolio Mortgage Loan [Member] | GKK Properties [Member]
Debt Instrument [Line Items]
Total notes payable principal outstanding		0			40,000
Mortgages [Member] | Pitney Bowes - Bank of America Mortgage Loan [Member] | GKK Properties [Member]
Debt Instrument [Line Items]
Total notes payable principal outstanding		$ 36,160			38,261
Interest rate, stated percentage		5.33%
Interest rate, effective percentage		5.30%
Maturity Date		Oct. 10, 2022
Mortgages [Member] | FSI 6000D Mortgage Loan [Member] | GKK Properties [Member]
Debt Instrument [Line Items]
Total notes payable principal outstanding		$ 28,934			29,419
Interest rate, stated percentage		5.80%
Interest rate, effective percentage		5.80%
Maturity Date		Jun. 5, 2017
Mortgages [Member] | FSI 6000B Mortgage Loan [Member] | GKK Properties [Member]
Debt Instrument [Line Items]
Total notes payable principal outstanding		$ 27,763			28,228
Interest rate, stated percentage		5.80%
Interest rate, effective percentage		5.80%
Maturity Date		Jun. 5, 2017
Mortgages [Member] | FSI 6000A Mortgage Loan [Member] | GKK Properties [Member]
Debt Instrument [Line Items]
Total notes payable principal outstanding		$ 24,271			24,551
Interest rate, stated percentage		6.80%
Interest rate, effective percentage		6.80%
Maturity Date		Oct. 5, 2017
Mortgages [Member] | FSI 6000C Mortgage Loan [Member] | GKK Properties [Member]
Debt Instrument [Line Items]
Total notes payable principal outstanding		$ 21,967			22,219
Interest rate, stated percentage		6.80%
Interest rate, effective percentage		6.80%
Maturity Date		Oct. 5, 2017
Mortgages [Member] | Sterling Bank Mortgage Loan [Member] | GKK Properties [Member]
Debt Instrument [Line Items]
Total notes payable principal outstanding		$ 0			19,629
Mortgages [Member] | Pitney Bowes - Wachovia A Mortgage Loan [Member] | GKK Properties [Member]
Debt Instrument [Line Items]
Total notes payable principal outstanding		$ 0			$ 15,065

NOTES PAYABLE (Schedule of Matu

NOTES PAYABLE (Schedule of Maturities of Long-Term Debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Long-term debt, gross	$ 431,138	$ 664,628
Notes Payable [Member]
Debt Instrument [Line Items]
2,016	67,950
2,017	269,956
2,018	4,707
2,019	61,957
2,020	2,728
Thereafter	23,840
Long-term debt, gross	$ 431,138

NOTES PAYABLE (Schedule of Acti

NOTES PAYABLE (Schedule of Activity Related to Notes Payable) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Activity Related to Notes Payable [Roll Forward]
Total notes payable, net - December 31, 2014	$ 656,069
Principal repayments	(146,094)
Defeasance of notes payable	(87,396)	$ 0	$ 0
Write-off of discount on notes payable related to sale	2,437
Amortization of deferred financing costs	1,873	1,581	1,216
Amortization of discount and premium on notes payable, net	1,333	3,371	$ 4,198
Total notes payable, net - December 31, 2015	$ 428,222	$ 656,069

NOTES PAYABLE (Significant Fina

NOTES PAYABLE (Significant Financing Transactions) (Details) $ in Thousands	Dec. 15, 2015USD ($)property	Oct. 09, 2015USD ($)	Oct. 01, 2015USD ($)ft²property	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Debt Instrument [Line Items]
Defease amount of outstanding principal balance	$ 27,000
(Loss) gain from extinguishment of debt				$ (22,518)	$ 21,328	$ 0
Outstanding principal balance				$ 35,811
Defeasance of the Sterling Bank Mortgage Loan [Member]
Debt Instrument [Line Items]
Interest rate, stated percentage		5.57%
(Loss) gain from extinguishment of debt		$ (1,200)
Outstanding principal balance		$ 19,600
BBD2 Loan [Member]
Debt Instrument [Line Items]
Number of properties secured by loans | property	16
(Loss) gain from extinguishment of debt	$ (4,700)
Waltham Main [Member]
Debt Instrument [Line Items]
Net rentable area | ft²			303,460
Sales of real estate			$ 52,500
Sales of real estate, net of concessions and credits			51,000
Defease amount of outstanding principal balance			$ 40,800
Waltham Main [Member] | BBD2 Loan [Member]
Debt Instrument [Line Items]
Number of properties secured by loans | property			21
(Loss) gain from extinguishment of debt			$ (8,000)

FAIR VALUE DISCLOSURES (Schedul

FAIR VALUE DISCLOSURES (Schedule of Face Value, Carrying Amounts and Fair Value) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate loans receivable, Face Value	$ 35,811	$ 35,966
Notes payable, Face Value	431,138	664,628
Notes payable, Value	428,222	656,069
Carrying Amount [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate loans receivable, Value	27,281	28,922
Notes payable, Value	428,222	656,069
Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate loans receivable, Value	25,218	25,818
Notes payable, Value	$ 448,351	$ 688,374

FAIR VALUE DISCLOSURES (Sched75

FAIR VALUE DISCLOSURES (Schedule of Assets at Fair Value, Nonrecurring Basis) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charge	$ 49,306	$ 10,117	$ 40,190
Nonrecurring Basis [Member] | Assets Held-for-Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charge	235,105
Nonrecurring Basis [Member] | Assets Held-for-sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charge	518
Nonrecurring Basis [Member] | Assets Sold [Member
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charge	2,126
Nonrecurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Assets Held-for-Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charge	0
Nonrecurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Assets Held-for-sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charge	0
Nonrecurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Assets Sold [Member
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charge	0
Nonrecurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Assets Held-for-Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charge	0
Nonrecurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Assets Held-for-sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charge	0
Nonrecurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Assets Sold [Member
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charge	0
Nonrecurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Assets Held-for-Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charge	235,105
Nonrecurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Assets Held-for-sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charge	518
Nonrecurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Assets Sold [Member
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charge	$ 2,126

RELATED PARTY TRANSACTIONS (Nar

RELATED PARTY TRANSACTIONS (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)property	Jan. 15, 2015	May. 18, 2012USD ($)
Related Party Transaction [Line Items]
Disposition fee as percent		1.00%
GKK Properties [Member]
Related Party Transaction [Line Items]
Number of real estate properties sold | property	161
Real estate, disposed	$ 214.1
KBS Capital Advisors LLC [Member]
Related Party Transaction [Line Items]
Disposition fee as percent		1.00%
Selling commissions fees paid, percent of sales price		6.00%
KBS Capital Advisors LLC [Member] | GKK Properties [Member]
Related Party Transaction [Line Items]
Disposition fee as percent	1.00%	1.00%
KBS Strategic Opportunity REIT, Inc. [Member]
Related Party Transaction [Line Items]
Investments in a joint ventures			$ 8

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Payable	$ 68	$ 444
Asset management cost from discontinued operations		17	$ 900
Administrative fees, amount paid	200	200	200
Advisor and Dealer Manager [Member]
Related Party Transaction [Line Items]
Incurred	13,060	11,427	14,536
Payable	68	444
Advisor and Dealer Manager [Member] | Expensed [Member] | Asset Management Fees [Member]
Related Party Transaction [Line Items]
Expenses	9,547	9,992	11,034
Payable	0	0
Advisor and Dealer Manager [Member] | Expensed [Member] | Reimbursement of Operating Expenses [Member]
Related Party Transaction [Line Items]
Expenses	269	261	187
Payable	68	45
Advisor and Dealer Manager [Member] | Expensed [Member] | Dispositon Fees [Member]
Related Party Transaction [Line Items]
Expenses	3,244	1,174	$ 3,315
Payable	$ 0	$ 399

SUPPLEMENTAL CASH FLOW AND SI78

SUPPLEMENTAL CASH FLOW AND SIGNIFICANT NONCASH TRANSACTION DISCLOSURES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Supplemental Disclosure of Cash Flow Information:
Interest paid	$ 26,541	$ 47,095	$ 60,598
Supplemental Disclosure of Significant Noncash Investing and Financing Activities:
Treasury securities transferred in connection with defeasance of notes payable	100,229	0	0
Defeasance of notes payable	(87,396)	0	0
Mortgage loans extinguished in connection with foreclosures and deed in lieu of foreclosure	0	54,028	0
GKK Properties [Member]
Supplemental Disclosure of Significant Noncash Investing and Financing Activities:
Increase in distributions payable	0	4,699	0
Increase in capital expenses payable	$ 0	$ 6,004	$ 1,319

SEGMENT INFORMATION (Schedule o

SEGMENT INFORMATION (Schedule of Segment Reporting Information, by Segment) (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015USD ($)States	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2015USD ($)Statessegments	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segments									3
Number of states in which entity operates | States	30								30
Revenues	$ 48,833	$ 44,844	$ 44,966	$ 49,577	$ 51,112	$ 52,885	$ 54,462	$ 54,006	$ 188,220	$ 212,465	$ 218,304
Interest expense									29,517	45,923	61,682
NOI									59,973	55,011	41,429
Assets	1,054,865				1,374,138				1,054,865	1,374,138
Real estate held for sale	7,552				208,005				7,552	208,005
Foreclosed real estate held for sale	0				12,045				0	12,045
Liabilities	525,202				761,365				525,202	761,365
Liabilities related to real estate held for sale	939				6,578				939	6,578
Cash and cash equivalents	46,605				58,675				46,605	58,675	211,391	$ 254,578
Operating Segments [Member]
Segment Reporting Information [Line Items]
Assets	1,036,033				1,108,514				1,036,033	1,108,514
Real estate held for sale	7,662				218,788				7,662	218,788
Liabilities	522,959				635,725				522,959	635,725
Liabilities related to real estate held for sale	939				120,002				939	120,002
Corporate-level [Member]
Segment Reporting Information [Line Items]
Assets	11,170				34,791				11,170	34,791
Liabilities	1,304				5,638				1,304	5,638
Cash and cash equivalents	10,600				34,200				10,600	34,200
Real Estate Segment [Member]
Segment Reporting Information [Line Items]
Revenues									67,536	71,965	76,087
Interest expense									8,391	9,613	18,001
NOI									26,882	29,437	24,545
Real Estate Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Assets	499,789				529,012				499,789	529,012
Liabilities	243,387				239,802				243,387	239,802
Real Estate-Related Segment [Member]
Segment Reporting Information [Line Items]
Revenues									3,089	3,077	3,258
Interest expense									0	0	0
NOI									3,087	2,940	3,255
Real Estate-Related Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Assets	27,899				29,096				27,899	29,096
Liabilities	$ 3				0				$ 3	0
GKK Properties Segment [Member]
Segment Reporting Information [Line Items]
Number of states in which entity operates | States	30								30
Revenues									$ 117,595	137,423	138,959
Interest expense									21,126	36,310	43,681
NOI									30,004	22,634	$ 13,629
GKK Properties Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Assets	$ 508,345				550,406				508,345	550,406
Liabilities	$ 279,569				$ 395,923				$ 279,569	$ 395,923

SEGMENT INFORMATION (Reconcilia

SEGMENT INFORMATION (Reconciliation of Net Income (Loss) to Net Operating Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting [Abstract]
Net loss									$ (11,387)	$ (21,266)	$ (46,495)
Gain on sales of real estate									(99,988)	(2,282)	0
Gain on sales of real estate securities									0	(4,410)	(10,470)
Gain on extinguishment of debt									22,518	(21,328)	0
Gain on sales of foreclosed real estate held for sale									(2,509)	(1,108)	(378)
Other income and interest income									(1,394)	(938)	(3,389)
Asset Management Costs									9,547	9,975	10,110
General and administrative expenses									32,619	18,788	17,861
Depreciation and amortization									59,145	71,613	75,745
Impairment charges on real estate - continuing operations									49,306	10,117	40,190
Provision for loan losses									2,504	1,973	0
Total income from discontinued operations	$ 78	$ (305)	$ 7	$ (168)	$ (2,664)	$ (298)	$ (9)	$ (3,152)	(388)	(6,123)	(41,745)
NOI									$ 59,973	$ 55,011	$ 41,429

SELECTED QUARTERLY FINANCIAL 81

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	Nov. 30, 2015	Dec. 09, 2014	Sep. 30, 2014	Nov. 06, 2013	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]
Revenues					$ 48,833	$ 44,844	$ 44,966	$ 49,577	$ 51,112	$ 52,885	$ 54,462	$ 54,006	$ 188,220	$ 212,465	$ 218,304
Total income (loss) from discontinued operations					(78)	305	(7)	168	2,664	298	9	3,152	$ 388	$ 6,123	$ 41,745
Net income (loss) attributable to common stockholders					$ 7,684	$ (47,411)	$ 19,751	$ 8,589	$ (8,850)	$ (249)	$ (7,652)	$ (4,515)
Income (loss) per common share, basic and diluted					$ 0.03	$ (0.25)	$ 0.11	$ 0.05	$ (0.05)	$ 0	$ (0.04)	$ (0.02)	$ (0.06)	$ (0.11)	$ (0.24)
Distributions declared per common share	$ 0.25	$ 0.025	$ 0.025	$ 0.395	$ 0.275	$ 0.025	$ 0.025	$ 0.025	$ 0.025	$ 0.025	$ 0	$ 0	$ 0.35	$ 0.050	$ 0.395

COMMITMENTS AND CONTINGENCIES82

COMMITMENTS AND CONTINGENCIES (Details) $ in Thousands	Dec. 31, 2015USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,016	$ 16,642
2,017	12,644
2,018	2,440
2,019	1,774
2,020	1,289
Thereafter	30,182
Total future minimum lease payments	$ 64,971

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - $ / shares	Mar. 11, 2016	Nov. 30, 2015	Dec. 09, 2014	Sep. 30, 2014	Nov. 06, 2013	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Subsequent Event [Line Items]
Distributions declared per common share		$ 0.25	$ 0.025	$ 0.025	$ 0.395	$ 0.275	$ 0.025	$ 0.025	$ 0.025	$ 0.025	$ 0.025	$ 0	$ 0	$ 0.35	$ 0.050	$ 0.395
Subsequent Event [Member]
Subsequent Event [Line Items]
Distributions declared per common share	$ 0.025

SCHEDULE II VALUATION AND QUA84

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Allowance for Doubtful Accounts [Member]
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	$ 1,051	$ 6,385	$ 5,297
Additions Charged Against Operations	(320)	683	2,490
Uncollectible Accounts Written-off	(258)	(6,017)	(1,402)
Balance at End of Year	473	1,051	6,385
Reserve for Loan Losses [Member]
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	3,994	2,090	2,222
Additions Charged Against Operations	2,504	1,973	0
Uncollectible Accounts Written-off	0	(69)	(132)
Balance at End of Year	$ 6,498	$ 3,994	$ 2,090

SCHEDULE III REAL ESTATE ASSE85

SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 268,711
Initial Cost to Company, Building and Improvements	956,005
Initial Cost to Company, Total	1,224,716
Cost Capitalized Subsequent to Acquisition	(200,753)
Gross Amount at which Carried at Close of Period, Land	240,128
Gross Amount at which Carried at Close of Period, Building and Improvements	783,835
Gross Amount at which Carried at Close of Period, Total	1,023,963	$ 1,311,919	$ 1,460,838	$ 1,953,615
Accumulated Depreciation and Amortization	$ (163,083)	$ (193,408)	$ (182,039)	$ (204,781)
Assets Held-for-Investment [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 264,484
Initial Cost to Company, Building and Improvements	948,762
Initial Cost to Company, Total	1,213,246
Cost Capitalized Subsequent to Acquisition	(198,675)
Gross Amount at which Carried at Close of Period, Land	236,034
Gross Amount at which Carried at Close of Period, Building and Improvements	778,537
Gross Amount at which Carried at Close of Period, Total	1,014,571
Accumulated Depreciation and Amortization	$ (161,243)
Assets Held-for-Investment [Member] | Plaza in Clayton [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Encumbrances	$ 62,200
Initial Cost to Company, Land	2,793
Initial Cost to Company, Building and Improvements	91,162
Initial Cost to Company, Total	93,955
Cost Capitalized Subsequent to Acquisition	(1,201)
Gross Amount at which Carried at Close of Period, Land	2,793
Gross Amount at which Carried at Close of Period, Building and Improvements	89,961
Gross Amount at which Carried at Close of Period, Total	92,754
Accumulated Depreciation and Amortization	$ (22,912)
Original Date of Construction	2,001
Date Acquired	Sep. 27, 2006
Assets Held-for-Investment [Member] | 825 University Avenue Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 4,165
Initial Cost to Company, Building and Improvements	27,087
Initial Cost to Company, Total	31,252
Cost Capitalized Subsequent to Acquisition	(10,207)
Gross Amount at which Carried at Close of Period, Land	3,676
Gross Amount at which Carried at Close of Period, Building and Improvements	17,369
Gross Amount at which Carried at Close of Period, Total	21,045
Accumulated Depreciation and Amortization	$ (2,903)
Original Date of Construction	2004 / 2006
Date Acquired	Dec. 5, 2006
Assets Held-for-Investment [Member] | Bridgeway Technology Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 11,299
Initial Cost to Company, Building and Improvements	34,705
Initial Cost to Company, Total	46,004
Cost Capitalized Subsequent to Acquisition	(17,938)
Gross Amount at which Carried at Close of Period, Land	7,044
Gross Amount at which Carried at Close of Period, Building and Improvements	21,022
Gross Amount at which Carried at Close of Period, Total	28,066
Accumulated Depreciation and Amortization	$ (1,510)
Original Date of Construction	1,996
Date Acquired	Jun. 27, 2007
Assets Held-for-Investment [Member] | ADP Plaza [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 5,100
Initial Cost to Company, Building and Improvements	28,755
Initial Cost to Company, Total	33,855
Cost Capitalized Subsequent to Acquisition	3,689
Gross Amount at which Carried at Close of Period, Land	5,100
Gross Amount at which Carried at Close of Period, Building and Improvements	32,444
Gross Amount at which Carried at Close of Period, Total	37,544
Accumulated Depreciation and Amortization	$ (6,925)
Original Date of Construction	1,981
Date Acquired	Nov. 7, 2007
Assets Held-for-Investment [Member] | Woodfield Preserve Office Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 7,001
Initial Cost to Company, Building and Improvements	121,603
Initial Cost to Company, Total	128,604
Cost Capitalized Subsequent to Acquisition	(60,776)
Gross Amount at which Carried at Close of Period, Land	5,242
Gross Amount at which Carried at Close of Period, Building and Improvements	62,586
Gross Amount at which Carried at Close of Period, Total	67,828
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	2,001
Date Acquired	Nov. 13, 2007
Assets Held-for-Investment [Member] | Rivertech I and II [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 3,931
Initial Cost to Company, Building and Improvements	42,111
Initial Cost to Company, Total	46,042
Cost Capitalized Subsequent to Acquisition	(4,847)
Gross Amount at which Carried at Close of Period, Land	3,931
Gross Amount at which Carried at Close of Period, Building and Improvements	37,264
Gross Amount at which Carried at Close of Period, Total	41,195
Accumulated Depreciation and Amortization	$ (9,699)
Original Date of Construction	1983/2001,2007
Date Acquired	Feb. 20, 2008
Assets Held-for-Investment [Member] | Tysons Dulles Plaza [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 38,839
Initial Cost to Company, Building and Improvements	121,210
Initial Cost to Company, Total	160,049
Cost Capitalized Subsequent to Acquisition	(43,263)
Gross Amount at which Carried at Close of Period, Land	27,989
Gross Amount at which Carried at Close of Period, Building and Improvements	88,797
Gross Amount at which Carried at Close of Period, Total	116,786
Accumulated Depreciation and Amortization	$ (1,037)
Original Date of Construction	1986-1990
Date Acquired	Jun. 6, 2008
Assets Held-for-Investment [Member] | Great Oaks Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 7,743
Initial Cost to Company, Building and Improvements	28,330
Initial Cost to Company, Total	36,073
Cost Capitalized Subsequent to Acquisition	(17,679)
Gross Amount at which Carried at Close of Period, Land	3,349
Gross Amount at which Carried at Close of Period, Building and Improvements	15,045
Gross Amount at which Carried at Close of Period, Total	18,394
Accumulated Depreciation and Amortization	$ (980)
Original Date of Construction	1,999
Date Acquired	Jul. 18, 2008
Assets Held-for-Investment [Member] | University Park Buildings [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 4,520
Initial Cost to Company, Building and Improvements	22,029
Initial Cost to Company, Total	26,549
Cost Capitalized Subsequent to Acquisition	(11,701)
Gross Amount at which Carried at Close of Period, Land	3,054
Gross Amount at which Carried at Close of Period, Building and Improvements	11,794
Gross Amount at which Carried at Close of Period, Total	14,848
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	1,981
Date Acquired	Jul. 31, 2008
Assets Held-for-Investment [Member] | Meridian Tower [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 2,050
Initial Cost to Company, Building and Improvements	16,728
Initial Cost to Company, Total	18,778
Cost Capitalized Subsequent to Acquisition	400
Gross Amount at which Carried at Close of Period, Land	2,050
Gross Amount at which Carried at Close of Period, Building and Improvements	17,128
Gross Amount at which Carried at Close of Period, Total	19,178
Accumulated Depreciation and Amortization	$ (3,357)
Original Date of Construction	1,982
Date Acquired	Aug. 18, 2008
Assets Held-for-Investment [Member] | North Creek Parkway Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 11,200
Initial Cost to Company, Building and Improvements	30,755
Initial Cost to Company, Total	41,955
Cost Capitalized Subsequent to Acquisition	(4,254)
Gross Amount at which Carried at Close of Period, Land	9,941
Gross Amount at which Carried at Close of Period, Building and Improvements	27,760
Gross Amount at which Carried at Close of Period, Total	37,701
Accumulated Depreciation and Amortization	$ (4,048)
Original Date of Construction	1986-1987
Date Acquired	Aug. 28, 2008
Assets Held-for-Investment [Member] | City Gate Plaza [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 2,880
Initial Cost to Company, Building and Improvements	18,895
Initial Cost to Company, Total	21,775
Cost Capitalized Subsequent to Acquisition	(6,732)
Gross Amount at which Carried at Close of Period, Land	2,469
Gross Amount at which Carried at Close of Period, Building and Improvements	12,574
Gross Amount at which Carried at Close of Period, Total	15,043
Accumulated Depreciation and Amortization	$ (163)
Original Date of Construction	1988-1990
Date Acquired	Nov. 25, 2008
Assets Held-for-Investment [Member] | Bentonville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 167
Initial Cost to Company, Building and Improvements	607
Initial Cost to Company, Total	774
Cost Capitalized Subsequent to Acquisition	(14)
Gross Amount at which Carried at Close of Period, Land	167
Gross Amount at which Carried at Close of Period, Building and Improvements	593
Gross Amount at which Carried at Close of Period, Total	760
Accumulated Depreciation and Amortization	$ (197)
Original Date of Construction	1973 / 1981
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | RH Johnson - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 949
Initial Cost to Company, Building and Improvements	546
Initial Cost to Company, Total	1,495
Cost Capitalized Subsequent to Acquisition	28
Gross Amount at which Carried at Close of Period, Land	949
Gross Amount at which Carried at Close of Period, Building and Improvements	574
Gross Amount at which Carried at Close of Period, Total	1,523
Accumulated Depreciation and Amortization	$ (273)
Original Date of Construction	1,981
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Arnold [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 213
Initial Cost to Company, Building and Improvements	684
Initial Cost to Company, Total	897
Cost Capitalized Subsequent to Acquisition	(65)
Gross Amount at which Carried at Close of Period, Land	213
Gross Amount at which Carried at Close of Period, Building and Improvements	619
Gross Amount at which Carried at Close of Period, Total	832
Accumulated Depreciation and Amortization	$ (208)
Original Date of Construction	1,981
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Bay - Fair [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 913
Initial Cost to Company, Building and Improvements	594
Initial Cost to Company, Total	1,507
Cost Capitalized Subsequent to Acquisition	(90)
Gross Amount at which Carried at Close of Period, Land	913
Gross Amount at which Carried at Close of Period, Building and Improvements	504
Gross Amount at which Carried at Close of Period, Total	1,417
Accumulated Depreciation and Amortization	$ (205)
Original Date of Construction	1,981
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Burlingame - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 671
Initial Cost to Company, Building and Improvements	467
Initial Cost to Company, Total	1,138
Cost Capitalized Subsequent to Acquisition	(87)
Gross Amount at which Carried at Close of Period, Land	671
Gross Amount at which Carried at Close of Period, Building and Improvements	380
Gross Amount at which Carried at Close of Period, Total	1,051
Accumulated Depreciation and Amortization	$ (174)
Original Date of Construction	1,961
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Canoga Park Branch [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 886
Initial Cost to Company, Building and Improvements	467
Initial Cost to Company, Total	1,353
Cost Capitalized Subsequent to Acquisition	(45)
Gross Amount at which Carried at Close of Period, Land	886
Gross Amount at which Carried at Close of Period, Building and Improvements	422
Gross Amount at which Carried at Close of Period, Total	1,308
Accumulated Depreciation and Amortization	$ (184)
Original Date of Construction	1,957
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | College Heights [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 582
Initial Cost to Company, Building and Improvements	523
Initial Cost to Company, Total	1,105
Cost Capitalized Subsequent to Acquisition	(90)
Gross Amount at which Carried at Close of Period, Land	582
Gross Amount at which Carried at Close of Period, Building and Improvements	433
Gross Amount at which Carried at Close of Period, Total	1,015
Accumulated Depreciation and Amortization	$ (187)
Original Date of Construction	1,979
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Dinuba [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 496
Initial Cost to Company, Building and Improvements	357
Initial Cost to Company, Total	853
Cost Capitalized Subsequent to Acquisition	(21)
Gross Amount at which Carried at Close of Period, Land	496
Gross Amount at which Carried at Close of Period, Building and Improvements	336
Gross Amount at which Carried at Close of Period, Total	832
Accumulated Depreciation and Amortization	$ (153)
Original Date of Construction	1,972
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | East Fresno [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 373
Initial Cost to Company, Building and Improvements	463
Initial Cost to Company, Total	836
Cost Capitalized Subsequent to Acquisition	(37)
Gross Amount at which Carried at Close of Period, Land	373
Gross Amount at which Carried at Close of Period, Building and Improvements	426
Gross Amount at which Carried at Close of Period, Total	799
Accumulated Depreciation and Amortization	$ (182)
Original Date of Construction	1,959
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Folsum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 506
Initial Cost to Company, Building and Improvements	402
Initial Cost to Company, Total	908
Cost Capitalized Subsequent to Acquisition	(78)
Gross Amount at which Carried at Close of Period, Land	506
Gross Amount at which Carried at Close of Period, Building and Improvements	324
Gross Amount at which Carried at Close of Period, Total	830
Accumulated Depreciation and Amortization	$ (146)
Original Date of Construction	1,981
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Fort Bragg [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 332
Initial Cost to Company, Building and Improvements	528
Initial Cost to Company, Total	860
Cost Capitalized Subsequent to Acquisition	(85)
Gross Amount at which Carried at Close of Period, Land	332
Gross Amount at which Carried at Close of Period, Building and Improvements	443
Gross Amount at which Carried at Close of Period, Total	775
Accumulated Depreciation and Amortization	$ (179)
Original Date of Construction	1,975
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Hanford - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 466
Initial Cost to Company, Building and Improvements	614
Initial Cost to Company, Total	1,080
Cost Capitalized Subsequent to Acquisition	(36)
Gross Amount at which Carried at Close of Period, Land	466
Gross Amount at which Carried at Close of Period, Building and Improvements	578
Gross Amount at which Carried at Close of Period, Total	1,044
Accumulated Depreciation and Amortization	$ (233)
Original Date of Construction	1,976
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Healdsburg [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 850
Initial Cost to Company, Building and Improvements	407
Initial Cost to Company, Total	1,257
Cost Capitalized Subsequent to Acquisition	(33)
Gross Amount at which Carried at Close of Period, Land	850
Gross Amount at which Carried at Close of Period, Building and Improvements	374
Gross Amount at which Carried at Close of Period, Total	1,224
Accumulated Depreciation and Amortization	$ (152)
Original Date of Construction	1,979
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Hemet Branch [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 1,200
Initial Cost to Company, Building and Improvements	780
Initial Cost to Company, Total	1,980
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	1,200
Gross Amount at which Carried at Close of Period, Building and Improvements	780
Gross Amount at which Carried at Close of Period, Total	1,980
Accumulated Depreciation and Amortization	$ (407)
Original Date of Construction	1,982
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Hilltop [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 773
Initial Cost to Company, Building and Improvements	437
Initial Cost to Company, Total	1,210
Cost Capitalized Subsequent to Acquisition	(44)
Gross Amount at which Carried at Close of Period, Land	773
Gross Amount at which Carried at Close of Period, Building and Improvements	393
Gross Amount at which Carried at Close of Period, Total	1,166
Accumulated Depreciation and Amortization	$ (171)
Original Date of Construction	1,982
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Lemoore [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 175
Initial Cost to Company, Building and Improvements	407
Initial Cost to Company, Total	582
Cost Capitalized Subsequent to Acquisition	108
Gross Amount at which Carried at Close of Period, Land	175
Gross Amount at which Carried at Close of Period, Building and Improvements	515
Gross Amount at which Carried at Close of Period, Total	690
Accumulated Depreciation and Amortization	$ (206)
Original Date of Construction	1,959
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Livermore [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 755
Initial Cost to Company, Building and Improvements	655
Initial Cost to Company, Total	1,410
Cost Capitalized Subsequent to Acquisition	(35)
Gross Amount at which Carried at Close of Period, Land	755
Gross Amount at which Carried at Close of Period, Building and Improvements	620
Gross Amount at which Carried at Close of Period, Total	1,375
Accumulated Depreciation and Amortization	$ (254)
Original Date of Construction	1,982
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Martin Luther King Jr. [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 1,278
Initial Cost to Company, Building and Improvements	626
Initial Cost to Company, Total	1,904
Cost Capitalized Subsequent to Acquisition	(43)
Gross Amount at which Carried at Close of Period, Land	1,278
Gross Amount at which Carried at Close of Period, Building and Improvements	583
Gross Amount at which Carried at Close of Period, Total	1,861
Accumulated Depreciation and Amortization	$ (256)
Original Date of Construction	1,971
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Mission-23rd [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 618
Initial Cost to Company, Building and Improvements	471
Initial Cost to Company, Total	1,089
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	618
Gross Amount at which Carried at Close of Period, Building and Improvements	471
Gross Amount at which Carried at Close of Period, Total	1,089
Accumulated Depreciation and Amortization	$ (215)
Original Date of Construction	1,925
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Montrose Branch [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 906
Initial Cost to Company, Building and Improvements	402
Initial Cost to Company, Total	1,308
Cost Capitalized Subsequent to Acquisition	(18)
Gross Amount at which Carried at Close of Period, Land	906
Gross Amount at which Carried at Close of Period, Building and Improvements	384
Gross Amount at which Carried at Close of Period, Total	1,290
Accumulated Depreciation and Amortization	$ (167)
Original Date of Construction	1,952
Date Acquired	Sep. 1, 2011

SCHEDULE III REAL ESTATE ASSE86

SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 268,711
Initial Cost to Company, Building and Improvements	956,005
Initial Cost to Company, Total	1,224,716
Cost Capitalized Subsequent to Acquisition	(200,753)
Gross Amount at which Carried at Close of Period, Land	240,128
Gross Amount at which Carried at Close of Period, Building and Improvements	783,835
Gross Amount at which Carried at Close of Period, Total	1,023,963	$ 1,311,919	$ 1,460,838	$ 1,953,615
Accumulated Depreciation and Amortization	$ (163,083)	$ (193,408)	$ (182,039)	$ (204,781)
Assets Held-for-Investment [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 264,484
Initial Cost to Company, Building and Improvements	948,762
Initial Cost to Company, Total	1,213,246
Cost Capitalized Subsequent to Acquisition	(198,675)
Gross Amount at which Carried at Close of Period, Land	236,034
Gross Amount at which Carried at Close of Period, Building and Improvements	778,537
Gross Amount at which Carried at Close of Period, Total	1,014,571
Accumulated Depreciation and Amortization	$ (161,243)
Assets Held-for-Investment [Member] | Ontario Plaza Branch [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 370
Initial Cost to Company, Building and Improvements	439
Initial Cost to Company, Total	809
Cost Capitalized Subsequent to Acquisition	68
Gross Amount at which Carried at Close of Period, Land	370
Gross Amount at which Carried at Close of Period, Building and Improvements	507
Gross Amount at which Carried at Close of Period, Total	877
Accumulated Depreciation and Amortization	$ (179)
Original Date of Construction	1,982
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Orangevale Branch [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 469
Initial Cost to Company, Building and Improvements	798
Initial Cost to Company, Total	1,267
Cost Capitalized Subsequent to Acquisition	(121)
Gross Amount at which Carried at Close of Period, Land	469
Gross Amount at which Carried at Close of Period, Building and Improvements	677
Gross Amount at which Carried at Close of Period, Total	1,146
Accumulated Depreciation and Amortization	$ (212)
Original Date of Construction	1,978
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Oroville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 669
Initial Cost to Company, Building and Improvements	381
Initial Cost to Company, Total	1,050
Cost Capitalized Subsequent to Acquisition	(69)
Gross Amount at which Carried at Close of Period, Land	669
Gross Amount at which Carried at Close of Period, Building and Improvements	312
Gross Amount at which Carried at Close of Period, Total	981
Accumulated Depreciation and Amortization	$ (128)
Original Date of Construction	1,981
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Pleasanton [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 944
Initial Cost to Company, Building and Improvements	448
Initial Cost to Company, Total	1,392
Cost Capitalized Subsequent to Acquisition	(24)
Gross Amount at which Carried at Close of Period, Land	944
Gross Amount at which Carried at Close of Period, Building and Improvements	424
Gross Amount at which Carried at Close of Period, Total	1,368
Accumulated Depreciation and Amortization	$ (165)
Original Date of Construction	1,981
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Porterville - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 729
Initial Cost to Company, Building and Improvements	457
Initial Cost to Company, Total	1,186
Cost Capitalized Subsequent to Acquisition	(58)
Gross Amount at which Carried at Close of Period, Land	729
Gross Amount at which Carried at Close of Period, Building and Improvements	399
Gross Amount at which Carried at Close of Period, Total	1,128
Accumulated Depreciation and Amortization	$ (178)
Original Date of Construction	1,974
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Reedley [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 450
Initial Cost to Company, Building and Improvements	541
Initial Cost to Company, Total	991
Cost Capitalized Subsequent to Acquisition	(53)
Gross Amount at which Carried at Close of Period, Land	450
Gross Amount at which Carried at Close of Period, Building and Improvements	488
Gross Amount at which Carried at Close of Period, Total	938
Accumulated Depreciation and Amortization	$ (187)
Original Date of Construction	1,964
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Reseda Branch [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 449
Initial Cost to Company, Building and Improvements	388
Initial Cost to Company, Total	837
Cost Capitalized Subsequent to Acquisition	(35)
Gross Amount at which Carried at Close of Period, Land	449
Gross Amount at which Carried at Close of Period, Building and Improvements	353
Gross Amount at which Carried at Close of Period, Total	802
Accumulated Depreciation and Amortization	$ (167)
Original Date of Construction	1,958
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Ridgecrest [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 634
Initial Cost to Company, Building and Improvements	478
Initial Cost to Company, Total	1,112
Cost Capitalized Subsequent to Acquisition	(53)
Gross Amount at which Carried at Close of Period, Land	634
Gross Amount at which Carried at Close of Period, Building and Improvements	425
Gross Amount at which Carried at Close of Period, Total	1,059
Accumulated Depreciation and Amortization	$ (193)
Original Date of Construction	1,973
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Sherman Oaks [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 957
Initial Cost to Company, Building and Improvements	483
Initial Cost to Company, Total	1,440
Cost Capitalized Subsequent to Acquisition	(49)
Gross Amount at which Carried at Close of Period, Land	957
Gross Amount at which Carried at Close of Period, Building and Improvements	434
Gross Amount at which Carried at Close of Period, Total	1,391
Accumulated Depreciation and Amortization	$ (191)
Original Date of Construction	1,958
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Slauson - Vermont [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 1,159
Initial Cost to Company, Building and Improvements	609
Initial Cost to Company, Total	1,768
Cost Capitalized Subsequent to Acquisition	(23)
Gross Amount at which Carried at Close of Period, Land	1,159
Gross Amount at which Carried at Close of Period, Building and Improvements	586
Gross Amount at which Carried at Close of Period, Total	1,745
Accumulated Depreciation and Amortization	$ (257)
Original Date of Construction	1,971
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | St. Helena [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 824
Initial Cost to Company, Building and Improvements	763
Initial Cost to Company, Total	1,587
Cost Capitalized Subsequent to Acquisition	(120)
Gross Amount at which Carried at Close of Period, Land	824
Gross Amount at which Carried at Close of Period, Building and Improvements	643
Gross Amount at which Carried at Close of Period, Total	1,467
Accumulated Depreciation and Amortization	$ (237)
Original Date of Construction	1,976
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Turlock - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 805
Initial Cost to Company, Building and Improvements	556
Initial Cost to Company, Total	1,361
Cost Capitalized Subsequent to Acquisition	(45)
Gross Amount at which Carried at Close of Period, Land	805
Gross Amount at which Carried at Close of Period, Building and Improvements	511
Gross Amount at which Carried at Close of Period, Total	1,316
Accumulated Depreciation and Amortization	$ (274)
Original Date of Construction	1,971
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Vernon Branch [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 1,102
Initial Cost to Company, Building and Improvements	566
Initial Cost to Company, Total	1,668
Cost Capitalized Subsequent to Acquisition	(53)
Gross Amount at which Carried at Close of Period, Land	1,102
Gross Amount at which Carried at Close of Period, Building and Improvements	513
Gross Amount at which Carried at Close of Period, Total	1,615
Accumulated Depreciation and Amortization	$ (225)
Original Date of Construction	1,960
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Batterson [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 3,390
Initial Cost to Company, Building and Improvements	7,113
Initial Cost to Company, Total	10,503
Cost Capitalized Subsequent to Acquisition	3
Gross Amount at which Carried at Close of Period, Land	3,390
Gross Amount at which Carried at Close of Period, Building and Improvements	7,116
Gross Amount at which Carried at Close of Period, Total	10,506
Accumulated Depreciation and Amortization	$ (2,991)
Original Date of Construction	1,970
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Greenwich [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 1,353
Initial Cost to Company, Building and Improvements	5,675
Initial Cost to Company, Total	7,028
Cost Capitalized Subsequent to Acquisition	103
Gross Amount at which Carried at Close of Period, Land	1,353
Gross Amount at which Carried at Close of Period, Building and Improvements	5,778
Gross Amount at which Carried at Close of Period, Total	7,131
Accumulated Depreciation and Amortization	$ (1,880)
Original Date of Construction	1,927
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | North Wakefield Drive [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 1,662
Initial Cost to Company, Building and Improvements	10,166
Initial Cost to Company, Total	11,828
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	1,662
Gross Amount at which Carried at Close of Period, Building and Improvements	10,166
Gross Amount at which Carried at Close of Period, Total	11,828
Accumulated Depreciation and Amortization	$ (3,097)
Original Date of Construction	1,996
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Baypoint [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 246
Initial Cost to Company, Building and Improvements	619
Initial Cost to Company, Total	865
Cost Capitalized Subsequent to Acquisition	(122)
Gross Amount at which Carried at Close of Period, Land	246
Gross Amount at which Carried at Close of Period, Building and Improvements	497
Gross Amount at which Carried at Close of Period, Total	743
Accumulated Depreciation and Amortization	$ (185)
Original Date of Construction	1,958
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Bayshore - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 391
Initial Cost to Company, Building and Improvements	445
Initial Cost to Company, Total	836
Cost Capitalized Subsequent to Acquisition	89
Gross Amount at which Carried at Close of Period, Land	391
Gross Amount at which Carried at Close of Period, Building and Improvements	534
Gross Amount at which Carried at Close of Period, Total	925
Accumulated Depreciation and Amortization	$ (184)
Original Date of Construction	1,971
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Coral Ridge - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 835
Initial Cost to Company, Building and Improvements	1,099
Initial Cost to Company, Total	1,934
Cost Capitalized Subsequent to Acquisition	(136)
Gross Amount at which Carried at Close of Period, Land	835
Gross Amount at which Carried at Close of Period, Building and Improvements	963
Gross Amount at which Carried at Close of Period, Total	1,798
Accumulated Depreciation and Amortization	$ (637)
Original Date of Construction	1,969
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Crystal River - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 119
Initial Cost to Company, Building and Improvements	329
Initial Cost to Company, Total	448
Cost Capitalized Subsequent to Acquisition	10
Gross Amount at which Carried at Close of Period, Land	119
Gross Amount at which Carried at Close of Period, Building and Improvements	339
Gross Amount at which Carried at Close of Period, Total	458
Accumulated Depreciation and Amortization	$ (123)
Original Date of Construction	1,970
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Homestead - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 1,113
Initial Cost to Company, Building and Improvements	578
Initial Cost to Company, Total	1,691
Cost Capitalized Subsequent to Acquisition	(87)
Gross Amount at which Carried at Close of Period, Land	1,113
Gross Amount at which Carried at Close of Period, Building and Improvements	491
Gross Amount at which Carried at Close of Period, Total	1,604
Accumulated Depreciation and Amortization	$ (215)
Original Date of Construction	1,973
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Live Oak - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 679
Initial Cost to Company, Building and Improvements	942
Initial Cost to Company, Total	1,621
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	679
Gross Amount at which Carried at Close of Period, Building and Improvements	942
Gross Amount at which Carried at Close of Period, Total	1,621
Accumulated Depreciation and Amortization	$ (720)
Original Date of Construction	1,965
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Midway - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 1,401
Initial Cost to Company, Building and Improvements	826
Initial Cost to Company, Total	2,227
Cost Capitalized Subsequent to Acquisition	(68)
Gross Amount at which Carried at Close of Period, Land	1,401
Gross Amount at which Carried at Close of Period, Building and Improvements	758
Gross Amount at which Carried at Close of Period, Total	2,159
Accumulated Depreciation and Amortization	$ (321)
Original Date of Construction	1,974
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Plantation - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 1,189
Initial Cost to Company, Building and Improvements	1,092
Initial Cost to Company, Total	2,281
Cost Capitalized Subsequent to Acquisition	6
Gross Amount at which Carried at Close of Period, Land	1,189
Gross Amount at which Carried at Close of Period, Building and Improvements	1,098
Gross Amount at which Carried at Close of Period, Total	2,287
Accumulated Depreciation and Amortization	$ (298)
Original Date of Construction	1976 / 2002
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Trouble Creek - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 453
Initial Cost to Company, Building and Improvements	478
Initial Cost to Company, Total	931
Cost Capitalized Subsequent to Acquisition	(71)
Gross Amount at which Carried at Close of Period, Land	453
Gross Amount at which Carried at Close of Period, Building and Improvements	407
Gross Amount at which Carried at Close of Period, Total	860
Accumulated Depreciation and Amortization	$ (158)
Original Date of Construction	1,970
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | West Sunrise - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 1,060
Initial Cost to Company, Building and Improvements	1,146
Initial Cost to Company, Total	2,206
Cost Capitalized Subsequent to Acquisition	123
Gross Amount at which Carried at Close of Period, Land	1,060
Gross Amount at which Carried at Close of Period, Building and Improvements	1,269
Gross Amount at which Carried at Close of Period, Total	2,329
Accumulated Depreciation and Amortization	$ (746)
Original Date of Construction	1,976
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Weeki Wachee - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 407
Initial Cost to Company, Building and Improvements	813
Initial Cost to Company, Total	1,220
Cost Capitalized Subsequent to Acquisition	(145)
Gross Amount at which Carried at Close of Period, Land	407
Gross Amount at which Carried at Close of Period, Building and Improvements	668
Gross Amount at which Carried at Close of Period, Total	1,075
Accumulated Depreciation and Amortization	$ (282)
Original Date of Construction	1,970
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Westside - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 608
Initial Cost to Company, Building and Improvements	388
Initial Cost to Company, Total	996
Cost Capitalized Subsequent to Acquisition	(43)
Gross Amount at which Carried at Close of Period, Land	608
Gross Amount at which Carried at Close of Period, Building and Improvements	345
Gross Amount at which Carried at Close of Period, Total	953
Accumulated Depreciation and Amortization	$ (139)
Original Date of Construction	1,964
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Aberdeen Village - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 564
Initial Cost to Company, Building and Improvements	1,830
Initial Cost to Company, Total	2,394
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	564
Gross Amount at which Carried at Close of Period, Building and Improvements	1,830
Gross Amount at which Carried at Close of Period, Total	2,394
Accumulated Depreciation and Amortization	$ (587)
Original Date of Construction	1,981
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | East Point - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 319
Initial Cost to Company, Building and Improvements	337
Initial Cost to Company, Total	656
Cost Capitalized Subsequent to Acquisition	7
Gross Amount at which Carried at Close of Period, Land	319
Gross Amount at which Carried at Close of Period, Building and Improvements	344
Gross Amount at which Carried at Close of Period, Total	663
Accumulated Depreciation and Amortization	$ (116)
Original Date of Construction	1,981
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Exchange Street [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 6,856
Initial Cost to Company, Building and Improvements	10,795
Initial Cost to Company, Total	17,651
Cost Capitalized Subsequent to Acquisition	(2,192)
Gross Amount at which Carried at Close of Period, Land	6,856
Gross Amount at which Carried at Close of Period, Building and Improvements	8,603
Gross Amount at which Carried at Close of Period, Total	15,459
Accumulated Depreciation and Amortization	$ (3,229)
Original Date of Construction	1,984
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Wheaton - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 1,245
Initial Cost to Company, Building and Improvements	939
Initial Cost to Company, Total	2,184
Cost Capitalized Subsequent to Acquisition	(95)
Gross Amount at which Carried at Close of Period, Land	1,245
Gross Amount at which Carried at Close of Period, Building and Improvements	844
Gross Amount at which Carried at Close of Period, Total	2,089
Accumulated Depreciation and Amortization	$ (213)
Original Date of Construction	1960 / 2003
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Gannett Drive [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 953
Initial Cost to Company, Building and Improvements	1,905
Initial Cost to Company, Total	2,858
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	953
Gross Amount at which Carried at Close of Period, Building and Improvements	1,905
Gross Amount at which Carried at Close of Period, Total	2,858
Accumulated Depreciation and Amortization	$ (726)
Original Date of Construction	1,997
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Ballwin Facility - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 114
Initial Cost to Company, Building and Improvements	464
Initial Cost to Company, Total	578
Cost Capitalized Subsequent to Acquisition	(8)
Gross Amount at which Carried at Close of Period, Land	114
Gross Amount at which Carried at Close of Period, Building and Improvements	456
Gross Amount at which Carried at Close of Period, Total	570
Accumulated Depreciation and Amortization	$ (175)
Original Date of Construction	1,972
Date Acquired	Sep. 1, 2011

SCHEDULE III REAL ESTATE ASSE87

SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 268,711
Initial Cost to Company, Building and Improvements	956,005
Initial Cost to Company, Total	1,224,716
Cost Capitalized Subsequent to Acquisition	(200,753)
Gross Amount at which Carried at Close of Period, Land	240,128
Gross Amount at which Carried at Close of Period, Building and Improvements	783,835
Gross Amount at which Carried at Close of Period, Total	1,023,963	$ 1,311,919	$ 1,460,838	$ 1,953,615
Accumulated Depreciation and Amortization	$ (163,083)	$ (193,408)	$ (182,039)	$ (204,781)
Assets Held-for-Investment [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 264,484
Initial Cost to Company, Building and Improvements	948,762
Initial Cost to Company, Total	1,213,246
Cost Capitalized Subsequent to Acquisition	(198,675)
Gross Amount at which Carried at Close of Period, Land	236,034
Gross Amount at which Carried at Close of Period, Building and Improvements	778,537
Gross Amount at which Carried at Close of Period, Total	1,014,571
Accumulated Depreciation and Amortization	$ (161,243)
Assets Held-for-Investment [Member] | Belton Facility - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 454
Initial Cost to Company, Building and Improvements	574
Initial Cost to Company, Total	1,028
Cost Capitalized Subsequent to Acquisition	(83)
Gross Amount at which Carried at Close of Period, Land	453
Gross Amount at which Carried at Close of Period, Building and Improvements	492
Gross Amount at which Carried at Close of Period, Total	945
Accumulated Depreciation and Amortization	$ (191)
Original Date of Construction	1,976
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Forsyth Facility - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 83
Initial Cost to Company, Building and Improvements	239
Initial Cost to Company, Total	322
Cost Capitalized Subsequent to Acquisition	15
Gross Amount at which Carried at Close of Period, Land	83
Gross Amount at which Carried at Close of Period, Building and Improvements	254
Gross Amount at which Carried at Close of Period, Total	337
Accumulated Depreciation and Amortization	$ (104)
Original Date of Construction	1,960
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | I-70 & Noland Facility - Main Bldg [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 598
Initial Cost to Company, Building and Improvements	640
Initial Cost to Company, Total	1,238
Cost Capitalized Subsequent to Acquisition	(136)
Gross Amount at which Carried at Close of Period, Land	598
Gross Amount at which Carried at Close of Period, Building and Improvements	504
Gross Amount at which Carried at Close of Period, Total	1,102
Accumulated Depreciation and Amortization	$ (178)
Original Date of Construction	1,981
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Gateway Center - Charlotte [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 6,334
Initial Cost to Company, Building and Improvements	22,712
Initial Cost to Company, Total	29,046
Cost Capitalized Subsequent to Acquisition	716
Gross Amount at which Carried at Close of Period, Land	6,334
Gross Amount at which Carried at Close of Period, Building and Improvements	23,428
Gross Amount at which Carried at Close of Period, Total	29,762
Accumulated Depreciation and Amortization	$ (7,255)
Original Date of Construction	1987 / 1988
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Gateway Land [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 2,297
Initial Cost to Company, Building and Improvements	0
Initial Cost to Company, Total	2,297
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	2,297
Gross Amount at which Carried at Close of Period, Building and Improvements	0
Gross Amount at which Carried at Close of Period, Total	2,297
Accumulated Depreciation and Amortization	$ 0
Date Acquired	Aug. 31, 2015
Assets Held-for-Investment [Member] | Nashua Main [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 334
Initial Cost to Company, Building and Improvements	2,639
Initial Cost to Company, Total	2,973
Cost Capitalized Subsequent to Acquisition	(88)
Gross Amount at which Carried at Close of Period, Land	334
Gross Amount at which Carried at Close of Period, Building and Improvements	2,551
Gross Amount at which Carried at Close of Period, Total	2,885
Accumulated Depreciation and Amortization	$ (904)
Original Date of Construction	1,800
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Portsmouth Pleasant [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 317
Initial Cost to Company, Building and Improvements	673
Initial Cost to Company, Total	990
Cost Capitalized Subsequent to Acquisition	(31)
Gross Amount at which Carried at Close of Period, Land	317
Gross Amount at which Carried at Close of Period, Building and Improvements	642
Gross Amount at which Carried at Close of Period, Total	959
Accumulated Depreciation and Amortization	$ (250)
Original Date of Construction	1860s
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Arthur Street [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 1,010
Initial Cost to Company, Building and Improvements	941
Initial Cost to Company, Total	1,951
Cost Capitalized Subsequent to Acquisition	41
Gross Amount at which Carried at Close of Period, Land	1,010
Gross Amount at which Carried at Close of Period, Building and Improvements	982
Gross Amount at which Carried at Close of Period, Total	1,992
Accumulated Depreciation and Amortization	$ (349)
Original Date of Construction	1,972
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Beechwood Road [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 465
Initial Cost to Company, Building and Improvements	651
Initial Cost to Company, Total	1,116
Cost Capitalized Subsequent to Acquisition	(272)
Gross Amount at which Carried at Close of Period, Land	465
Gross Amount at which Carried at Close of Period, Building and Improvements	379
Gross Amount at which Carried at Close of Period, Total	844
Accumulated Depreciation and Amortization	$ (81)
Original Date of Construction	1,957
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Bellevue Avenue [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 382
Initial Cost to Company, Building and Improvements	2,200
Initial Cost to Company, Total	2,582
Cost Capitalized Subsequent to Acquisition	(996)
Gross Amount at which Carried at Close of Period, Land	379
Gross Amount at which Carried at Close of Period, Building and Improvements	1,207
Gross Amount at which Carried at Close of Period, Total	1,586
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	1,964
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Bergenline Avenue [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 179
Initial Cost to Company, Building and Improvements	370
Initial Cost to Company, Total	549
Cost Capitalized Subsequent to Acquisition	(104)
Gross Amount at which Carried at Close of Period, Land	179
Gross Amount at which Carried at Close of Period, Building and Improvements	266
Gross Amount at which Carried at Close of Period, Total	445
Accumulated Depreciation and Amortization	$ (109)
Original Date of Construction	1,970
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Bridgewater [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 1,493
Initial Cost to Company, Building and Improvements	2,530
Initial Cost to Company, Total	4,023
Cost Capitalized Subsequent to Acquisition	282
Gross Amount at which Carried at Close of Period, Land	1,493
Gross Amount at which Carried at Close of Period, Building and Improvements	2,812
Gross Amount at which Carried at Close of Period, Total	4,305
Accumulated Depreciation and Amortization	$ (603)
Original Date of Construction	1974 / 1980
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Lakewood Route 70 [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 1,328
Initial Cost to Company, Building and Improvements	953
Initial Cost to Company, Total	2,281
Cost Capitalized Subsequent to Acquisition	52
Gross Amount at which Carried at Close of Period, Land	1,328
Gross Amount at which Carried at Close of Period, Building and Improvements	1,005
Gross Amount at which Carried at Close of Period, Total	2,333
Accumulated Depreciation and Amortization	$ (448)
Original Date of Construction	1,988
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Maplewood Avenue [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 406
Initial Cost to Company, Building and Improvements	497
Initial Cost to Company, Total	903
Cost Capitalized Subsequent to Acquisition	(173)
Gross Amount at which Carried at Close of Period, Land	406
Gross Amount at which Carried at Close of Period, Building and Improvements	324
Gross Amount at which Carried at Close of Period, Total	730
Accumulated Depreciation and Amortization	$ (151)
Original Date of Construction	1926 / 1983
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Pennsauken [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 750
Initial Cost to Company, Building and Improvements	794
Initial Cost to Company, Total	1,544
Cost Capitalized Subsequent to Acquisition	(138)
Gross Amount at which Carried at Close of Period, Land	750
Gross Amount at which Carried at Close of Period, Building and Improvements	656
Gross Amount at which Carried at Close of Period, Total	1,406
Accumulated Depreciation and Amortization	$ (301)
Original Date of Construction	1,966
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Springfield Avenue [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 2,166
Initial Cost to Company, Building and Improvements	769
Initial Cost to Company, Total	2,935
Cost Capitalized Subsequent to Acquisition	51
Gross Amount at which Carried at Close of Period, Land	2,166
Gross Amount at which Carried at Close of Period, Building and Improvements	820
Gross Amount at which Carried at Close of Period, Total	2,986
Accumulated Depreciation and Amortization	$ (346)
Original Date of Construction	1,929
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Wood Avenue [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 1,657
Initial Cost to Company, Building and Improvements	1,043
Initial Cost to Company, Total	2,700
Cost Capitalized Subsequent to Acquisition	(60)
Gross Amount at which Carried at Close of Period, Land	1,657
Gross Amount at which Carried at Close of Period, Building and Improvements	983
Gross Amount at which Carried at Close of Period, Total	2,640
Accumulated Depreciation and Amortization	$ (400)
Original Date of Construction	1955 / 1970
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Amador (Las Cruces) - Main Bldg [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 120
Initial Cost to Company, Building and Improvements	634
Initial Cost to Company, Total	754
Cost Capitalized Subsequent to Acquisition	(103)
Gross Amount at which Carried at Close of Period, Land	120
Gross Amount at which Carried at Close of Period, Building and Improvements	531
Gross Amount at which Carried at Close of Period, Total	651
Accumulated Depreciation and Amortization	$ (196)
Original Date of Construction	1970 / 1991
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Santa Fe-Metro Bank - Main Bldg [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 0
Initial Cost to Company, Building and Improvements	1,646
Initial Cost to Company, Total	1,646
Cost Capitalized Subsequent to Acquisition	(115)
Gross Amount at which Carried at Close of Period, Land	0
Gross Amount at which Carried at Close of Period, Building and Improvements	1,531
Gross Amount at which Carried at Close of Period, Total	1,531
Accumulated Depreciation and Amortization	$ (479)
Original Date of Construction	1972 / 1985
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Genesee Street [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 284
Initial Cost to Company, Building and Improvements	1,241
Initial Cost to Company, Total	1,525
Cost Capitalized Subsequent to Acquisition	18
Gross Amount at which Carried at Close of Period, Land	284
Gross Amount at which Carried at Close of Period, Building and Improvements	1,259
Gross Amount at which Carried at Close of Period, Total	1,543
Accumulated Depreciation and Amortization	$ (473)
Original Date of Construction	1,928
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Jamaica [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 185
Initial Cost to Company, Building and Improvements	953
Initial Cost to Company, Total	1,138
Cost Capitalized Subsequent to Acquisition	(5)
Gross Amount at which Carried at Close of Period, Land	185
Gross Amount at which Carried at Close of Period, Building and Improvements	948
Gross Amount at which Carried at Close of Period, Total	1,133
Accumulated Depreciation and Amortization	$ (215)
Original Date of Construction	1960 / 2001
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Levittown [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 543
Initial Cost to Company, Building and Improvements	389
Initial Cost to Company, Total	932
Cost Capitalized Subsequent to Acquisition	125
Gross Amount at which Carried at Close of Period, Land	543
Gross Amount at which Carried at Close of Period, Building and Improvements	514
Gross Amount at which Carried at Close of Period, Total	1,057
Accumulated Depreciation and Amortization	$ (183)
Original Date of Construction	1,962
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Merrick Avenue [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 259
Initial Cost to Company, Building and Improvements	1,846
Initial Cost to Company, Total	2,105
Cost Capitalized Subsequent to Acquisition	(212)
Gross Amount at which Carried at Close of Period, Land	259
Gross Amount at which Carried at Close of Period, Building and Improvements	1,634
Gross Amount at which Carried at Close of Period, Total	1,893
Accumulated Depreciation and Amortization	$ (513)
Original Date of Construction	1,952
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Park Avenue [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 213
Initial Cost to Company, Building and Improvements	360
Initial Cost to Company, Total	573
Cost Capitalized Subsequent to Acquisition	(42)
Gross Amount at which Carried at Close of Period, Land	213
Gross Amount at which Carried at Close of Period, Building and Improvements	318
Gross Amount at which Carried at Close of Period, Total	531
Accumulated Depreciation and Amortization	$ (118)
Original Date of Construction	1,953
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | State Street [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 865
Initial Cost to Company, Building and Improvements	7,631
Initial Cost to Company, Total	8,496
Cost Capitalized Subsequent to Acquisition	(4,039)
Gross Amount at which Carried at Close of Period, Land	597
Gross Amount at which Carried at Close of Period, Building and Improvements	3,860
Gross Amount at which Carried at Close of Period, Total	4,457
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	1927 / 1980s
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Transit Road [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 665
Initial Cost to Company, Building and Improvements	6,065
Initial Cost to Company, Total	6,730
Cost Capitalized Subsequent to Acquisition	965
Gross Amount at which Carried at Close of Period, Land	665
Gross Amount at which Carried at Close of Period, Building and Improvements	7,030
Gross Amount at which Carried at Close of Period, Total	7,695
Accumulated Depreciation and Amortization	$ (2,947)
Original Date of Construction	1,972
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Wantagh [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 928
Initial Cost to Company, Building and Improvements	1,787
Initial Cost to Company, Total	2,715
Cost Capitalized Subsequent to Acquisition	(82)
Gross Amount at which Carried at Close of Period, Land	928
Gross Amount at which Carried at Close of Period, Building and Improvements	1,705
Gross Amount at which Carried at Close of Period, Total	2,633
Accumulated Depreciation and Amortization	$ (445)
Original Date of Construction	1940 / 2002
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | 31st Street - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 400
Initial Cost to Company, Building and Improvements	591
Initial Cost to Company, Total	991
Cost Capitalized Subsequent to Acquisition	(38)
Gross Amount at which Carried at Close of Period, Land	400
Gross Amount at which Carried at Close of Period, Building and Improvements	553
Gross Amount at which Carried at Close of Period, Total	953
Accumulated Depreciation and Amortization	$ (190)
Original Date of Construction	1972 / 1979
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Gresham - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 374
Initial Cost to Company, Building and Improvements	668
Initial Cost to Company, Total	1,042
Cost Capitalized Subsequent to Acquisition	(67)
Gross Amount at which Carried at Close of Period, Land	374
Gross Amount at which Carried at Close of Period, Building and Improvements	601
Gross Amount at which Carried at Close of Period, Total	975
Accumulated Depreciation and Amortization	$ (194)
Original Date of Construction	1,978
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Parkrose - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 216
Initial Cost to Company, Building and Improvements	326
Initial Cost to Company, Total	542
Cost Capitalized Subsequent to Acquisition	2
Gross Amount at which Carried at Close of Period, Land	216
Gross Amount at which Carried at Close of Period, Building and Improvements	328
Gross Amount at which Carried at Close of Period, Total	544
Accumulated Depreciation and Amortization	$ (142)
Original Date of Construction	1,967
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Blair Mill Road [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 1,171
Initial Cost to Company, Building and Improvements	1,794
Initial Cost to Company, Total	2,965
Cost Capitalized Subsequent to Acquisition	3,155
Gross Amount at which Carried at Close of Period, Land	1,171
Gross Amount at which Carried at Close of Period, Building and Improvements	4,949
Gross Amount at which Carried at Close of Period, Total	6,120
Accumulated Depreciation and Amortization	$ (1,519)
Original Date of Construction	1,985
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Bustleton Avenue [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 188
Initial Cost to Company, Building and Improvements	788
Initial Cost to Company, Total	976
Cost Capitalized Subsequent to Acquisition	17
Gross Amount at which Carried at Close of Period, Land	188
Gross Amount at which Carried at Close of Period, Building and Improvements	805
Gross Amount at which Carried at Close of Period, Total	993
Accumulated Depreciation and Amortization	$ (288)
Original Date of Construction	1,953
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Post Road [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 825
Initial Cost to Company, Building and Improvements	1,527
Initial Cost to Company, Total	2,352
Cost Capitalized Subsequent to Acquisition	(418)
Gross Amount at which Carried at Close of Period, Land	825
Gross Amount at which Carried at Close of Period, Building and Improvements	1,109
Gross Amount at which Carried at Close of Period, Total	1,934
Accumulated Depreciation and Amortization	$ (282)
Original Date of Construction	1,988
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Hilton Head-Pope Ave - Main Bldg [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 527
Initial Cost to Company, Building and Improvements	646
Initial Cost to Company, Total	1,173
Cost Capitalized Subsequent to Acquisition	(269)
Gross Amount at which Carried at Close of Period, Land	527
Gross Amount at which Carried at Close of Period, Building and Improvements	377
Gross Amount at which Carried at Close of Period, Total	904
Accumulated Depreciation and Amortization	$ (146)
Original Date of Construction	1,981
Date Acquired	Sep. 1, 2011

SCHEDULE III REAL ESTATE ASSE88

SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 268,711
Initial Cost to Company, Building and Improvements	956,005
Initial Cost to Company, Total	1,224,716
Cost Capitalized Subsequent to Acquisition	(200,753)
Gross Amount at which Carried at Close of Period, Land	240,128
Gross Amount at which Carried at Close of Period, Building and Improvements	783,835
Gross Amount at which Carried at Close of Period, Total	1,023,963	$ 1,311,919	$ 1,460,838	$ 1,953,615
Accumulated Depreciation and Amortization	$ (163,083)	$ (193,408)	$ (182,039)	$ (204,781)
Assets Held-for-Investment [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 264,484
Initial Cost to Company, Building and Improvements	948,762
Initial Cost to Company, Total	1,213,246
Cost Capitalized Subsequent to Acquisition	(198,675)
Gross Amount at which Carried at Close of Period, Land	236,034
Gross Amount at which Carried at Close of Period, Building and Improvements	778,537
Gross Amount at which Carried at Close of Period, Total	1,014,571
Accumulated Depreciation and Amortization	$ (161,243)
Assets Held-for-Investment [Member] | Rock Hill MO - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 553
Initial Cost to Company, Building and Improvements	538
Initial Cost to Company, Total	1,091
Cost Capitalized Subsequent to Acquisition	160
Gross Amount at which Carried at Close of Period, Land	553
Gross Amount at which Carried at Close of Period, Building and Improvements	698
Gross Amount at which Carried at Close of Period, Total	1,251
Accumulated Depreciation and Amortization	$ (115)
Original Date of Construction	1,986
Assets Held-for-Investment [Member] | Beaumont - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 181
Initial Cost to Company, Building and Improvements	369
Initial Cost to Company, Total	550
Cost Capitalized Subsequent to Acquisition	(109)
Gross Amount at which Carried at Close of Period, Land	181
Gross Amount at which Carried at Close of Period, Building and Improvements	260
Gross Amount at which Carried at Close of Period, Total	441
Accumulated Depreciation and Amortization	$ (114)
Original Date of Construction	1,958
Assets Held-for-Investment [Member] | Harlandale - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 282
Initial Cost to Company, Building and Improvements	418
Initial Cost to Company, Total	700
Cost Capitalized Subsequent to Acquisition	(45)
Gross Amount at which Carried at Close of Period, Land	282
Gross Amount at which Carried at Close of Period, Building and Improvements	373
Gross Amount at which Carried at Close of Period, Total	655
Accumulated Depreciation and Amortization	$ (159)
Original Date of Construction	1,970
Assets Held-for-Investment [Member] | Northern Hills - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 342
Initial Cost to Company, Building and Improvements	449
Initial Cost to Company, Total	791
Cost Capitalized Subsequent to Acquisition	(101)
Gross Amount at which Carried at Close of Period, Land	342
Gross Amount at which Carried at Close of Period, Building and Improvements	348
Gross Amount at which Carried at Close of Period, Total	690
Accumulated Depreciation and Amortization	$ (135)
Original Date of Construction	1,979
Assets Held-for-Investment [Member] | Steeplechase - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 286
Initial Cost to Company, Building and Improvements	637
Initial Cost to Company, Total	923
Cost Capitalized Subsequent to Acquisition	(301)
Gross Amount at which Carried at Close of Period, Land	286
Gross Amount at which Carried at Close of Period, Building and Improvements	336
Gross Amount at which Carried at Close of Period, Total	622
Accumulated Depreciation and Amortization	$ (147)
Original Date of Construction	1,981
Assets Held-for-Investment [Member] | Witchita Falls - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 566
Initial Cost to Company, Building and Improvements	780
Initial Cost to Company, Total	1,346
Cost Capitalized Subsequent to Acquisition	(318)
Gross Amount at which Carried at Close of Period, Land	566
Gross Amount at which Carried at Close of Period, Building and Improvements	462
Gross Amount at which Carried at Close of Period, Total	1,028
Accumulated Depreciation and Amortization	$ (194)
Original Date of Construction	1,978
Assets Held-for-Investment [Member] | Abingdon - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 375
Initial Cost to Company, Building and Improvements	295
Initial Cost to Company, Total	670
Cost Capitalized Subsequent to Acquisition	(22)
Gross Amount at which Carried at Close of Period, Land	375
Gross Amount at which Carried at Close of Period, Building and Improvements	273
Gross Amount at which Carried at Close of Period, Total	648
Accumulated Depreciation and Amortization	$ (121)
Original Date of Construction	1964 / 1980
Assets Held-for-Investment [Member] | Fairfax Courthouse [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 590
Initial Cost to Company, Building and Improvements	968
Initial Cost to Company, Total	1,558
Cost Capitalized Subsequent to Acquisition	93
Gross Amount at which Carried at Close of Period, Land	590
Gross Amount at which Carried at Close of Period, Building and Improvements	1,061
Gross Amount at which Carried at Close of Period, Total	1,651
Accumulated Depreciation and Amortization	$ (264)
Original Date of Construction	1932 / 2000
Assets Held-for-Investment [Member] | Orange - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 48
Initial Cost to Company, Building and Improvements	266
Initial Cost to Company, Total	314
Cost Capitalized Subsequent to Acquisition	(71)
Gross Amount at which Carried at Close of Period, Land	48
Gross Amount at which Carried at Close of Period, Building and Improvements	195
Gross Amount at which Carried at Close of Period, Total	243
Accumulated Depreciation and Amortization	$ (90)
Original Date of Construction	1,925
Assets Held-for-Investment [Member] | Robinson & Broad - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 291
Initial Cost to Company, Building and Improvements	573
Initial Cost to Company, Total	864
Cost Capitalized Subsequent to Acquisition	(63)
Gross Amount at which Carried at Close of Period, Land	291
Gross Amount at which Carried at Close of Period, Building and Improvements	510
Gross Amount at which Carried at Close of Period, Total	801
Accumulated Depreciation and Amortization	$ (213)
Original Date of Construction	1947 / 1985
Assets Held-for-Investment [Member] | Camas - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 386
Initial Cost to Company, Building and Improvements	243
Initial Cost to Company, Total	629
Cost Capitalized Subsequent to Acquisition	(40)
Gross Amount at which Carried at Close of Period, Land	386
Gross Amount at which Carried at Close of Period, Building and Improvements	203
Gross Amount at which Carried at Close of Period, Total	589
Accumulated Depreciation and Amortization	$ (88)
Original Date of Construction	1,951
Assets Held-for-Investment [Member] | Clarkston - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 205
Initial Cost to Company, Building and Improvements	610
Initial Cost to Company, Total	815
Cost Capitalized Subsequent to Acquisition	(25)
Gross Amount at which Carried at Close of Period, Land	205
Gross Amount at which Carried at Close of Period, Building and Improvements	585
Gross Amount at which Carried at Close of Period, Total	790
Accumulated Depreciation and Amortization	$ (215)
Original Date of Construction	1,958
Assets Held-for-Investment [Member] | Edmonds - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 367
Initial Cost to Company, Building and Improvements	348
Initial Cost to Company, Total	715
Cost Capitalized Subsequent to Acquisition	27
Gross Amount at which Carried at Close of Period, Land	367
Gross Amount at which Carried at Close of Period, Building and Improvements	375
Gross Amount at which Carried at Close of Period, Total	742
Accumulated Depreciation and Amortization	$ (181)
Original Date of Construction	1,956
Assets Held-for-Investment [Member] | Greenwood - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 104
Initial Cost to Company, Building and Improvements	221
Initial Cost to Company, Total	325
Cost Capitalized Subsequent to Acquisition	12
Gross Amount at which Carried at Close of Period, Land	104
Gross Amount at which Carried at Close of Period, Building and Improvements	233
Gross Amount at which Carried at Close of Period, Total	337
Accumulated Depreciation and Amortization	$ (109)
Original Date of Construction	1,948
Assets Held-for-Investment [Member] | Kennewick - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 243
Initial Cost to Company, Building and Improvements	673
Initial Cost to Company, Total	916
Cost Capitalized Subsequent to Acquisition	(37)
Gross Amount at which Carried at Close of Period, Land	243
Gross Amount at which Carried at Close of Period, Building and Improvements	636
Gross Amount at which Carried at Close of Period, Total	879
Accumulated Depreciation and Amortization	$ (167)
Original Date of Construction	1977 / 1991
Assets Held-for-Investment [Member] | Sequim - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 377
Initial Cost to Company, Building and Improvements	370
Initial Cost to Company, Total	747
Cost Capitalized Subsequent to Acquisition	8
Gross Amount at which Carried at Close of Period, Land	377
Gross Amount at which Carried at Close of Period, Building and Improvements	378
Gross Amount at which Carried at Close of Period, Total	755
Accumulated Depreciation and Amortization	$ (138)
Original Date of Construction	1,979
Assets Held-for-Investment [Member] | Wenatchee Valley - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 19
Initial Cost to Company, Building and Improvements	456
Initial Cost to Company, Total	475
Cost Capitalized Subsequent to Acquisition	162
Gross Amount at which Carried at Close of Period, Land	19
Gross Amount at which Carried at Close of Period, Building and Improvements	618
Gross Amount at which Carried at Close of Period, Total	637
Accumulated Depreciation and Amortization	$ (183)
Original Date of Construction	1965 / 1992
Assets Held-for-Investment [Member] | Ballard - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 270
Initial Cost to Company, Building and Improvements	326
Initial Cost to Company, Total	596
Cost Capitalized Subsequent to Acquisition	77
Gross Amount at which Carried at Close of Period, Land	270
Gross Amount at which Carried at Close of Period, Building and Improvements	403
Gross Amount at which Carried at Close of Period, Total	673
Accumulated Depreciation and Amortization	$ (165)
Original Date of Construction	1,951
Assets Held-for-Investment [Member] | Daytona Beach Spdwy - Main Bldg [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 1,060
Initial Cost to Company, Building and Improvements	638
Initial Cost to Company, Total	1,698
Cost Capitalized Subsequent to Acquisition	42
Gross Amount at which Carried at Close of Period, Land	1,060
Gross Amount at which Carried at Close of Period, Building and Improvements	680
Gross Amount at which Carried at Close of Period, Total	1,740
Accumulated Depreciation and Amortization	$ (278)
Original Date of Construction	1,974
Assets Held-for-Investment [Member] | Palm Beach Vault [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 854
Initial Cost to Company, Building and Improvements	533
Initial Cost to Company, Total	1,387
Cost Capitalized Subsequent to Acquisition	(40)
Gross Amount at which Carried at Close of Period, Land	854
Gross Amount at which Carried at Close of Period, Building and Improvements	493
Gross Amount at which Carried at Close of Period, Total	1,347
Accumulated Depreciation and Amortization	$ (195)
Original Date of Construction	1,997
Assets Held-for-Investment [Member] | Redmond - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 50
Initial Cost to Company, Building and Improvements	206
Initial Cost to Company, Total	256
Cost Capitalized Subsequent to Acquisition	(8)
Gross Amount at which Carried at Close of Period, Land	50
Gross Amount at which Carried at Close of Period, Building and Improvements	198
Gross Amount at which Carried at Close of Period, Total	248
Accumulated Depreciation and Amortization	$ (75)
Original Date of Construction	1925 / 1982
Assets Held-for-Investment [Member] | Las Vegas Ops Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 5,313
Initial Cost to Company, Building and Improvements	4,474
Initial Cost to Company, Total	9,787
Cost Capitalized Subsequent to Acquisition	(4,066)
Gross Amount at which Carried at Close of Period, Land	3,949
Gross Amount at which Carried at Close of Period, Building and Improvements	1,772
Gross Amount at which Carried at Close of Period, Total	5,721
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	1972 / 1990
Assets Held-for-Investment [Member] | Barbee Chapel Road [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 117
Initial Cost to Company, Building and Improvements	610
Initial Cost to Company, Total	727
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	117
Gross Amount at which Carried at Close of Period, Building and Improvements	610
Gross Amount at which Carried at Close of Period, Total	727
Accumulated Depreciation and Amortization	$ (120)
Original Date of Construction	2,005
Assets Held-for-Investment [Member] | Bernwood Park [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 1,106
Initial Cost to Company, Building and Improvements	1,891
Initial Cost to Company, Total	2,997
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	1,106
Gross Amount at which Carried at Close of Period, Building and Improvements	1,891
Gross Amount at which Carried at Close of Period, Total	2,997
Accumulated Depreciation and Amortization	$ (363)
Original Date of Construction	2,003
Assets Held-for-Investment [Member] | Charlotte Harbor Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 191
Initial Cost to Company, Building and Improvements	633
Initial Cost to Company, Total	824
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	191
Gross Amount at which Carried at Close of Period, Building and Improvements	633
Gross Amount at which Carried at Close of Period, Total	824
Accumulated Depreciation and Amortization	$ (229)
Original Date of Construction	1,981
Assets Held-for-Investment [Member] | Cypress Point [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 984
Initial Cost to Company, Building and Improvements	2,456
Initial Cost to Company, Total	3,440
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	984
Gross Amount at which Carried at Close of Period, Building and Improvements	2,456
Gross Amount at which Carried at Close of Period, Total	3,440
Accumulated Depreciation and Amortization	$ (503)
Original Date of Construction	1,995
Assets Held-for-Investment [Member] | Hudson Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 1,000
Initial Cost to Company, Building and Improvements	2,478
Initial Cost to Company, Total	3,478
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	1,000
Gross Amount at which Carried at Close of Period, Building and Improvements	2,478
Gross Amount at which Carried at Close of Period, Total	3,478
Accumulated Depreciation and Amortization	$ (637)
Original Date of Construction	1,978
Assets Held-for-Investment [Member] | Marco Island Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 768
Initial Cost to Company, Building and Improvements	2,021
Initial Cost to Company, Total	2,789
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	768
Gross Amount at which Carried at Close of Period, Building and Improvements	2,021
Gross Amount at which Carried at Close of Period, Total	2,789
Accumulated Depreciation and Amortization	$ (682)
Original Date of Construction	1,967
Assets Held-for-Investment [Member] | North Lockwood Ridge [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 468
Initial Cost to Company, Building and Improvements	1,231
Initial Cost to Company, Total	1,699
Cost Capitalized Subsequent to Acquisition	(420)
Gross Amount at which Carried at Close of Period, Land	344
Gross Amount at which Carried at Close of Period, Building and Improvements	935
Gross Amount at which Carried at Close of Period, Total	1,279
Accumulated Depreciation and Amortization	$ (190)
Original Date of Construction	2,000
Assets Held-for-Investment [Member] | West Bradenton [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 382
Initial Cost to Company, Building and Improvements	1,368
Initial Cost to Company, Total	1,750
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	382
Gross Amount at which Carried at Close of Period, Building and Improvements	1,368
Gross Amount at which Carried at Close of Period, Total	1,750
Accumulated Depreciation and Amortization	$ (339)
Original Date of Construction	1,989
Assets Held-for-Investment [Member] | Cheshire Sheridan [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 861
Initial Cost to Company, Building and Improvements	2,261
Initial Cost to Company, Total	3,122
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	861
Gross Amount at which Carried at Close of Period, Building and Improvements	2,261
Gross Amount at which Carried at Close of Period, Total	3,122
Accumulated Depreciation and Amortization	$ (771)
Original Date of Construction	1,971
Assets Held-for-Investment [Member] | Edgewood [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 146
Initial Cost to Company, Building and Improvements	387
Initial Cost to Company, Total	533
Cost Capitalized Subsequent to Acquisition	(99)
Gross Amount at which Carried at Close of Period, Land	145
Gross Amount at which Carried at Close of Period, Building and Improvements	289
Gross Amount at which Carried at Close of Period, Total	434
Accumulated Depreciation and Amortization	$ (117)
Original Date of Construction	1,974
Assets Held-for-Investment [Member] | University Place Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 862
Initial Cost to Company, Building and Improvements	1,990
Initial Cost to Company, Total	2,852
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	862
Gross Amount at which Carried at Close of Period, Building and Improvements	1,990
Gross Amount at which Carried at Close of Period, Total	2,852
Accumulated Depreciation and Amortization	$ (465)
Original Date of Construction	1,993
Assets Held-for-Investment [Member] | Forest Drive Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	Sep. 1, 2011
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 363
Initial Cost to Company, Building and Improvements	1,035
Initial Cost to Company, Total	1,398
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	363
Gross Amount at which Carried at Close of Period, Building and Improvements	1,035
Gross Amount at which Carried at Close of Period, Total	1,398
Accumulated Depreciation and Amortization	$ (266)
Original Date of Construction	1,996

SCHEDULE III REAL ESTATE ASSE89

SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION (Details 4) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 268,711
Initial Cost to Company, Building and Improvements	956,005
Initial Cost to Company, Total	1,224,716
Cost Capitalized Subsequent to Acquisition	(200,753)
Gross Amount at which Carried at Close of Period, Land	240,128
Gross Amount at which Carried at Close of Period, Building and Improvements	783,835
Gross Amount at which Carried at Close of Period, Total	1,023,963	$ 1,311,919	$ 1,460,838	$ 1,953,615
Accumulated Depreciation and Amortization	$ (163,083)	$ (193,408)	$ (182,039)	$ (204,781)
Assets Held-for-Investment [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 264,484
Initial Cost to Company, Building and Improvements	948,762
Initial Cost to Company, Total	1,213,246
Cost Capitalized Subsequent to Acquisition	(198,675)
Gross Amount at which Carried at Close of Period, Land	236,034
Gross Amount at which Carried at Close of Period, Building and Improvements	778,537
Gross Amount at which Carried at Close of Period, Total	1,014,571
Accumulated Depreciation and Amortization	$ (161,243)
Assets Held-for-Investment [Member] | Land O'Lakes Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 431
Initial Cost to Company, Building and Improvements	1,764
Initial Cost to Company, Total	2,195
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	431
Gross Amount at which Carried at Close of Period, Building and Improvements	1,764
Gross Amount at which Carried at Close of Period, Total	2,195
Accumulated Depreciation and Amortization	$ (428)
Original Date of Construction	1,988
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | West Placerville Branch [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 388
Initial Cost to Company, Building and Improvements	873
Initial Cost to Company, Total	1,261
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	388
Gross Amount at which Carried at Close of Period, Building and Improvements	873
Gross Amount at which Carried at Close of Period, Total	1,261
Accumulated Depreciation and Amortization	$ (392)
Original Date of Construction	1,984
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | New Smyrna Beach East [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 472
Initial Cost to Company, Building and Improvements	861
Initial Cost to Company, Total	1,333
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	472
Gross Amount at which Carried at Close of Period, Building and Improvements	861
Gross Amount at which Carried at Close of Period, Total	1,333
Accumulated Depreciation and Amortization	$ (250)
Original Date of Construction	1,983
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Hamilton Square [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 361
Initial Cost to Company, Building and Improvements	1,251
Initial Cost to Company, Total	1,612
Cost Capitalized Subsequent to Acquisition	(200)
Gross Amount at which Carried at Close of Period, Land	361
Gross Amount at which Carried at Close of Period, Building and Improvements	1,051
Gross Amount at which Carried at Close of Period, Total	1,412
Accumulated Depreciation and Amortization	$ (357)
Original Date of Construction	1,940
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | East Commercial Blvd (Relo) [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 523
Initial Cost to Company, Building and Improvements	1,857
Initial Cost to Company, Total	2,380
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	523
Gross Amount at which Carried at Close of Period, Building and Improvements	1,857
Gross Amount at which Carried at Close of Period, Total	2,380
Accumulated Depreciation and Amortization	$ (624)
Original Date of Construction	1,975
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Largo Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 757
Initial Cost to Company, Building and Improvements	1,577
Initial Cost to Company, Total	2,334
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	757
Gross Amount at which Carried at Close of Period, Building and Improvements	1,577
Gross Amount at which Carried at Close of Period, Total	2,334
Accumulated Depreciation and Amortization	$ (490)
Original Date of Construction	1,980
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | New Citrus Park [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 853
Initial Cost to Company, Building and Improvements	2,069
Initial Cost to Company, Total	2,922
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	853
Gross Amount at which Carried at Close of Period, Building and Improvements	2,069
Gross Amount at which Carried at Close of Period, Total	2,922
Accumulated Depreciation and Amortization	$ (361)
Original Date of Construction	2,001
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Providence Square [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 536
Initial Cost to Company, Building and Improvements	1,573
Initial Cost to Company, Total	2,109
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	536
Gross Amount at which Carried at Close of Period, Building and Improvements	1,573
Gross Amount at which Carried at Close of Period, Total	2,109
Accumulated Depreciation and Amortization	$ (417)
Original Date of Construction	1,982
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Ashley Village [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 428
Initial Cost to Company, Building and Improvements	1,373
Initial Cost to Company, Total	1,801
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	428
Gross Amount at which Carried at Close of Period, Building and Improvements	1,373
Gross Amount at which Carried at Close of Period, Total	1,801
Accumulated Depreciation and Amortization	$ (293)
Original Date of Construction	1,996
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | West Market Street [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 304
Initial Cost to Company, Building and Improvements	1,034
Initial Cost to Company, Total	1,338
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	304
Gross Amount at which Carried at Close of Period, Building and Improvements	1,034
Gross Amount at which Carried at Close of Period, Total	1,338
Accumulated Depreciation and Amortization	$ (210)
Original Date of Construction	1,996
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Harbison Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 369
Initial Cost to Company, Building and Improvements	1,338
Initial Cost to Company, Total	1,707
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	369
Gross Amount at which Carried at Close of Period, Building and Improvements	1,338
Gross Amount at which Carried at Close of Period, Total	1,707
Accumulated Depreciation and Amortization	$ (305)
Original Date of Construction	1,994
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Virginia Beach Shore Drive [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 276
Initial Cost to Company, Building and Improvements	1,593
Initial Cost to Company, Total	1,869
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	276
Gross Amount at which Carried at Close of Period, Building and Improvements	1,593
Gross Amount at which Carried at Close of Period, Total	1,869
Accumulated Depreciation and Amortization	$ (401)
Original Date of Construction	1,979
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Cypress Lake Drive [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 795
Initial Cost to Company, Building and Improvements	1,829
Initial Cost to Company, Total	2,624
Cost Capitalized Subsequent to Acquisition	(7)
Gross Amount at which Carried at Close of Period, Land	788
Gross Amount at which Carried at Close of Period, Building and Improvements	1,829
Gross Amount at which Carried at Close of Period, Total	2,617
Accumulated Depreciation and Amortization	$ (353)
Original Date of Construction	1,998
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Woodstock Crossing [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 606
Initial Cost to Company, Building and Improvements	1,376
Initial Cost to Company, Total	1,982
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	606
Gross Amount at which Carried at Close of Period, Building and Improvements	1,376
Gross Amount at which Carried at Close of Period, Total	1,982
Accumulated Depreciation and Amortization	$ (358)
Original Date of Construction	1,994
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | The Avenues [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 438
Initial Cost to Company, Building and Improvements	1,163
Initial Cost to Company, Total	1,601
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	438
Gross Amount at which Carried at Close of Period, Building and Improvements	1,163
Gross Amount at which Carried at Close of Period, Total	1,601
Accumulated Depreciation and Amortization	$ (234)
Original Date of Construction	1,999
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Roseville Branch [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 655
Initial Cost to Company, Building and Improvements	1,870
Initial Cost to Company, Total	2,525
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	655
Gross Amount at which Carried at Close of Period, Building and Improvements	1,870
Gross Amount at which Carried at Close of Period, Total	2,525
Accumulated Depreciation and Amortization	$ (602)
Original Date of Construction	1,987
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Valley Springs [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 123
Initial Cost to Company, Building and Improvements	886
Initial Cost to Company, Total	1,009
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	123
Gross Amount at which Carried at Close of Period, Building and Improvements	886
Gross Amount at which Carried at Close of Period, Total	1,009
Accumulated Depreciation and Amortization	$ (254)
Original Date of Construction	1,992
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Lake Community Bank [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 564
Initial Cost to Company, Building and Improvements	2,211
Initial Cost to Company, Total	2,775
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	564
Gross Amount at which Carried at Close of Period, Building and Improvements	2,211
Gross Amount at which Carried at Close of Period, Total	2,775
Accumulated Depreciation and Amortization	$ (697)
Original Date of Construction	1,994
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Park Hill [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 175
Initial Cost to Company, Building and Improvements	691
Initial Cost to Company, Total	866
Cost Capitalized Subsequent to Acquisition	(173)
Gross Amount at which Carried at Close of Period, Land	175
Gross Amount at which Carried at Close of Period, Building and Improvements	518
Gross Amount at which Carried at Close of Period, Total	693
Accumulated Depreciation and Amortization	$ (171)
Original Date of Construction	1,965
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Holiday [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 734
Initial Cost to Company, Building and Improvements	1,324
Initial Cost to Company, Total	2,058
Cost Capitalized Subsequent to Acquisition	(270)
Gross Amount at which Carried at Close of Period, Land	734
Gross Amount at which Carried at Close of Period, Building and Improvements	1,054
Gross Amount at which Carried at Close of Period, Total	1,788
Accumulated Depreciation and Amortization	$ (310)
Original Date of Construction	1,973
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Village Circle [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 367
Initial Cost to Company, Building and Improvements	2,312
Initial Cost to Company, Total	2,679
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	367
Gross Amount at which Carried at Close of Period, Building and Improvements	2,312
Gross Amount at which Carried at Close of Period, Total	2,679
Accumulated Depreciation and Amortization	$ (684)
Original Date of Construction	2,005
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Bloomingdale [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 379
Initial Cost to Company, Building and Improvements	787
Initial Cost to Company, Total	1,166
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	379
Gross Amount at which Carried at Close of Period, Building and Improvements	787
Gross Amount at which Carried at Close of Period, Total	1,166
Accumulated Depreciation and Amortization	$ (275)
Original Date of Construction	1,980
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Cedar Shores Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 749
Initial Cost to Company, Building and Improvements	943
Initial Cost to Company, Total	1,692
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	749
Gross Amount at which Carried at Close of Period, Building and Improvements	943
Gross Amount at which Carried at Close of Period, Total	1,692
Accumulated Depreciation and Amortization	$ (236)
Original Date of Construction	1,990
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Grove City Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 536
Initial Cost to Company, Building and Improvements	1,217
Initial Cost to Company, Total	1,753
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	536
Gross Amount at which Carried at Close of Period, Building and Improvements	1,217
Gross Amount at which Carried at Close of Period, Total	1,753
Accumulated Depreciation and Amortization	$ (314)
Original Date of Construction	1,978
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Bluegrass Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 595
Initial Cost to Company, Building and Improvements	1,521
Initial Cost to Company, Total	2,116
Cost Capitalized Subsequent to Acquisition	(119)
Gross Amount at which Carried at Close of Period, Land	476
Gross Amount at which Carried at Close of Period, Building and Improvements	1,521
Gross Amount at which Carried at Close of Period, Total	1,997
Accumulated Depreciation and Amortization	$ (310)
Original Date of Construction	1,997
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | LaVista Road [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 659
Initial Cost to Company, Building and Improvements	1,225
Initial Cost to Company, Total	1,884
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	659
Gross Amount at which Carried at Close of Period, Building and Improvements	1,225
Gross Amount at which Carried at Close of Period, Total	1,884
Accumulated Depreciation and Amortization	$ (307)
Original Date of Construction	2,002
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Garner Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 526
Initial Cost to Company, Building and Improvements	1,372
Initial Cost to Company, Total	1,898
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	526
Gross Amount at which Carried at Close of Period, Building and Improvements	1,372
Gross Amount at which Carried at Close of Period, Total	1,898
Accumulated Depreciation and Amortization	$ (270)
Original Date of Construction	1,998
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | James Island [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 665
Initial Cost to Company, Building and Improvements	1,258
Initial Cost to Company, Total	1,923
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	665
Gross Amount at which Carried at Close of Period, Building and Improvements	1,258
Gross Amount at which Carried at Close of Period, Total	1,923
Accumulated Depreciation and Amortization	$ (257)
Original Date of Construction	1,999
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Chester [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 187
Initial Cost to Company, Building and Improvements	368
Initial Cost to Company, Total	555
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	187
Gross Amount at which Carried at Close of Period, Building and Improvements	368
Gross Amount at which Carried at Close of Period, Total	555
Accumulated Depreciation and Amortization	$ (161)
Original Date of Construction	1,986
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Haddonfield - Kings [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 196
Initial Cost to Company, Building and Improvements	914
Initial Cost to Company, Total	1,110
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	196
Gross Amount at which Carried at Close of Period, Building and Improvements	914
Gross Amount at which Carried at Close of Period, Total	1,110
Accumulated Depreciation and Amortization	$ (182)
Original Date of Construction	1,986
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Staples Mill [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 368
Initial Cost to Company, Building and Improvements	737
Initial Cost to Company, Total	1,105
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	368
Gross Amount at which Carried at Close of Period, Building and Improvements	737
Gross Amount at which Carried at Close of Period, Total	1,105
Accumulated Depreciation and Amortization	$ (298)
Original Date of Construction	1,974
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Cameron Park [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 454
Initial Cost to Company, Building and Improvements	1,566
Initial Cost to Company, Total	2,020
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	454
Gross Amount at which Carried at Close of Period, Building and Improvements	1,566
Gross Amount at which Carried at Close of Period, Total	2,020
Accumulated Depreciation and Amortization	$ (476)
Original Date of Construction	1,993
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Sonora - Branch [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 27
Initial Cost to Company, Building and Improvements	1,284
Initial Cost to Company, Total	1,311
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	27
Gross Amount at which Carried at Close of Period, Building and Improvements	1,284
Gross Amount at which Carried at Close of Period, Total	1,311
Accumulated Depreciation and Amortization	$ (432)
Original Date of Construction	1,980
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Simpsonville Main Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 292
Initial Cost to Company, Building and Improvements	677
Initial Cost to Company, Total	969
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	292
Gross Amount at which Carried at Close of Period, Building and Improvements	677
Gross Amount at which Carried at Close of Period, Total	969
Accumulated Depreciation and Amortization	$ (258)
Original Date of Construction	1,981
Date Acquired	Sep. 1, 2011

SCHEDULE III REAL ESTATE ASSE90

SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION (Details 5) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 268,711
Initial Cost to Company, Building and Improvements	956,005
Initial Cost to Company, Total	1,224,716
Cost Capitalized Subsequent to Acquisition	(200,753)
Gross Amount at which Carried at Close of Period, Land	240,128
Gross Amount at which Carried at Close of Period, Building and Improvements	783,835
Gross Amount at which Carried at Close of Period, Total	1,023,963	$ 1,311,919	$ 1,460,838	$ 1,953,615
Accumulated Depreciation and Amortization	$ (163,083)	$ (193,408)	$ (182,039)	$ (204,781)
Assets Held-for-Investment [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 264,484
Initial Cost to Company, Building and Improvements	948,762
Initial Cost to Company, Total	1,213,246
Cost Capitalized Subsequent to Acquisition	(198,675)
Gross Amount at which Carried at Close of Period, Land	236,034
Gross Amount at which Carried at Close of Period, Building and Improvements	778,537
Gross Amount at which Carried at Close of Period, Total	1,014,571
Accumulated Depreciation and Amortization	$ (161,243)
Assets Held-for-Investment [Member] | Banner Elk [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 221
Initial Cost to Company, Building and Improvements	492
Initial Cost to Company, Total	713
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	221
Gross Amount at which Carried at Close of Period, Building and Improvements	492
Gross Amount at which Carried at Close of Period, Total	713
Accumulated Depreciation and Amortization	$ (253)
Original Date of Construction	1,985
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | 47th Terrace Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 567
Initial Cost to Company, Building and Improvements	1,509
Initial Cost to Company, Total	2,076
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	567
Gross Amount at which Carried at Close of Period, Building and Improvements	1,509
Gross Amount at which Carried at Close of Period, Total	2,076
Accumulated Depreciation and Amortization	$ (293)
Original Date of Construction	1,986
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Altamonte Crossing Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 799
Initial Cost to Company, Building and Improvements	1,254
Initial Cost to Company, Total	2,053
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	799
Gross Amount at which Carried at Close of Period, Building and Improvements	1,254
Gross Amount at which Carried at Close of Period, Total	2,053
Accumulated Depreciation and Amortization	$ (322)
Original Date of Construction	1,992
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Bradenton City [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 674
Initial Cost to Company, Building and Improvements	1,097
Initial Cost to Company, Total	1,771
Cost Capitalized Subsequent to Acquisition	(689)
Gross Amount at which Carried at Close of Period, Land	387
Gross Amount at which Carried at Close of Period, Building and Improvements	695
Gross Amount at which Carried at Close of Period, Total	1,082
Accumulated Depreciation and Amortization	$ (154)
Original Date of Construction	1,999
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Brandon [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 373
Initial Cost to Company, Building and Improvements	1,022
Initial Cost to Company, Total	1,395
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	373
Gross Amount at which Carried at Close of Period, Building and Improvements	1,022
Gross Amount at which Carried at Close of Period, Total	1,395
Accumulated Depreciation and Amortization	$ (300)
Original Date of Construction	1,981
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Cordova Office - Pensacola [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 270
Initial Cost to Company, Building and Improvements	759
Initial Cost to Company, Total	1,029
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	270
Gross Amount at which Carried at Close of Period, Building and Improvements	759
Gross Amount at which Carried at Close of Period, Total	1,029
Accumulated Depreciation and Amortization	$ (177)
Original Date of Construction	1,986
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Deerfield Beach (H.S.) [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 1,239
Initial Cost to Company, Building and Improvements	2,278
Initial Cost to Company, Total	3,517
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	1,239
Gross Amount at which Carried at Close of Period, Building and Improvements	2,278
Gross Amount at which Carried at Close of Period, Total	3,517
Accumulated Depreciation and Amortization	$ (458)
Original Date of Construction	1,986
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Holly Hill Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 301
Initial Cost to Company, Building and Improvements	756
Initial Cost to Company, Total	1,057
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	301
Gross Amount at which Carried at Close of Period, Building and Improvements	756
Gross Amount at which Carried at Close of Period, Total	1,057
Accumulated Depreciation and Amortization	$ (302)
Original Date of Construction	1,961
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Sawgrass [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 1,094
Initial Cost to Company, Building and Improvements	1,345
Initial Cost to Company, Total	2,439
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	1,094
Gross Amount at which Carried at Close of Period, Building and Improvements	1,345
Gross Amount at which Carried at Close of Period, Total	2,439
Accumulated Depreciation and Amortization	$ (321)
Original Date of Construction	1,995
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Vero-West (1st Am.) [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 344
Initial Cost to Company, Building and Improvements	1,011
Initial Cost to Company, Total	1,355
Cost Capitalized Subsequent to Acquisition	(199)
Gross Amount at which Carried at Close of Period, Land	344
Gross Amount at which Carried at Close of Period, Building and Improvements	812
Gross Amount at which Carried at Close of Period, Total	1,156
Accumulated Depreciation and Amortization	$ (215)
Original Date of Construction	1,984
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Lilburn Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 493
Initial Cost to Company, Building and Improvements	870
Initial Cost to Company, Total	1,363
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	493
Gross Amount at which Carried at Close of Period, Building and Improvements	870
Gross Amount at which Carried at Close of Period, Total	1,363
Accumulated Depreciation and Amortization	$ (273)
Original Date of Construction	1,986
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Stonehenge Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 766
Initial Cost to Company, Building and Improvements	1,485
Initial Cost to Company, Total	2,251
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	766
Gross Amount at which Carried at Close of Period, Building and Improvements	1,485
Gross Amount at which Carried at Close of Period, Total	2,251
Accumulated Depreciation and Amortization	$ (295)
Original Date of Construction	1,994
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Centerville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 797
Initial Cost to Company, Building and Improvements	832
Initial Cost to Company, Total	1,629
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	797
Gross Amount at which Carried at Close of Period, Building and Improvements	832
Gross Amount at which Carried at Close of Period, Total	1,629
Accumulated Depreciation and Amortization	$ (288)
Original Date of Construction	1,973
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | El Dorado Hills Branch [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 618
Initial Cost to Company, Building and Improvements	1,548
Initial Cost to Company, Total	2,166
Cost Capitalized Subsequent to Acquisition	(75)
Gross Amount at which Carried at Close of Period, Land	618
Gross Amount at which Carried at Close of Period, Building and Improvements	1,473
Gross Amount at which Carried at Close of Period, Total	2,091
Accumulated Depreciation and Amortization	$ (410)
Original Date of Construction	2,000
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Sutter Creek [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 215
Initial Cost to Company, Building and Improvements	522
Initial Cost to Company, Total	737
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	215
Gross Amount at which Carried at Close of Period, Building and Improvements	522
Gross Amount at which Carried at Close of Period, Total	737
Accumulated Depreciation and Amortization	$ (212)
Original Date of Construction	1,984
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Albemarle Road [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 240
Initial Cost to Company, Building and Improvements	563
Initial Cost to Company, Total	803
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	240
Gross Amount at which Carried at Close of Period, Building and Improvements	563
Gross Amount at which Carried at Close of Period, Total	803
Accumulated Depreciation and Amortization	$ (204)
Original Date of Construction	1,979
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Beatties Ford Road [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 184
Initial Cost to Company, Building and Improvements	490
Initial Cost to Company, Total	674
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	184
Gross Amount at which Carried at Close of Period, Building and Improvements	490
Gross Amount at which Carried at Close of Period, Total	674
Accumulated Depreciation and Amortization	$ (185)
Original Date of Construction	1,970
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Belhaven Boulevard [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 240
Initial Cost to Company, Building and Improvements	501
Initial Cost to Company, Total	741
Cost Capitalized Subsequent to Acquisition	(80)
Gross Amount at which Carried at Close of Period, Land	240
Gross Amount at which Carried at Close of Period, Building and Improvements	421
Gross Amount at which Carried at Close of Period, Total	661
Accumulated Depreciation and Amortization	$ (132)
Original Date of Construction	1,966
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Boger City [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 182
Initial Cost to Company, Building and Improvements	588
Initial Cost to Company, Total	770
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	182
Gross Amount at which Carried at Close of Period, Building and Improvements	588
Gross Amount at which Carried at Close of Period, Total	770
Accumulated Depreciation and Amortization	$ (231)
Original Date of Construction	1,971
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Boone Main Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 128
Initial Cost to Company, Building and Improvements	753
Initial Cost to Company, Total	881
Cost Capitalized Subsequent to Acquisition	(61)
Gross Amount at which Carried at Close of Period, Land	128
Gross Amount at which Carried at Close of Period, Building and Improvements	692
Gross Amount at which Carried at Close of Period, Total	820
Accumulated Depreciation and Amortization	$ (216)
Original Date of Construction	1,970
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Burgaw Main Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 106
Initial Cost to Company, Building and Improvements	382
Initial Cost to Company, Total	488
Cost Capitalized Subsequent to Acquisition	(27)
Gross Amount at which Carried at Close of Period, Land	106
Gross Amount at which Carried at Close of Period, Building and Improvements	355
Gross Amount at which Carried at Close of Period, Total	461
Accumulated Depreciation and Amortization	$ (112)
Original Date of Construction	1,963
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Burlington Main Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 213
Initial Cost to Company, Building and Improvements	1,220
Initial Cost to Company, Total	1,433
Cost Capitalized Subsequent to Acquisition	(41)
Gross Amount at which Carried at Close of Period, Land	213
Gross Amount at which Carried at Close of Period, Building and Improvements	1,179
Gross Amount at which Carried at Close of Period, Total	1,392
Accumulated Depreciation and Amortization	$ (315)
Original Date of Construction	1,982
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Cameron Village [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 300
Initial Cost to Company, Building and Improvements	822
Initial Cost to Company, Total	1,122
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	300
Gross Amount at which Carried at Close of Period, Building and Improvements	822
Gross Amount at which Carried at Close of Period, Total	1,122
Accumulated Depreciation and Amortization	$ (288)
Original Date of Construction	1,985
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Candler [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 157
Initial Cost to Company, Building and Improvements	431
Initial Cost to Company, Total	588
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	157
Gross Amount at which Carried at Close of Period, Building and Improvements	431
Gross Amount at which Carried at Close of Period, Total	588
Accumulated Depreciation and Amortization	$ (163)
Original Date of Construction	1,977
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Carmel Commons [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 502
Initial Cost to Company, Building and Improvements	898
Initial Cost to Company, Total	1,400
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	502
Gross Amount at which Carried at Close of Period, Building and Improvements	898
Gross Amount at which Carried at Close of Period, Total	1,400
Accumulated Depreciation and Amortization	$ (303)
Original Date of Construction	1,980
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Carolina Beach [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 194
Initial Cost to Company, Building and Improvements	1,045
Initial Cost to Company, Total	1,239
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	194
Gross Amount at which Carried at Close of Period, Building and Improvements	1,045
Gross Amount at which Carried at Close of Period, Total	1,239
Accumulated Depreciation and Amortization	$ (342)
Original Date of Construction	1,971
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Cary Village [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 132
Initial Cost to Company, Building and Improvements	540
Initial Cost to Company, Total	672
Cost Capitalized Subsequent to Acquisition	(60)
Gross Amount at which Carried at Close of Period, Land	132
Gross Amount at which Carried at Close of Period, Building and Improvements	480
Gross Amount at which Carried at Close of Period, Total	612
Accumulated Depreciation and Amortization	$ (81)
Original Date of Construction	1,997
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Cherryville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 96
Initial Cost to Company, Building and Improvements	468
Initial Cost to Company, Total	564
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	96
Gross Amount at which Carried at Close of Period, Building and Improvements	468
Gross Amount at which Carried at Close of Period, Total	564
Accumulated Depreciation and Amortization	$ (168)
Original Date of Construction	1,965
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Columbus [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 58
Initial Cost to Company, Building and Improvements	307
Initial Cost to Company, Total	365
Cost Capitalized Subsequent to Acquisition	(32)
Gross Amount at which Carried at Close of Period, Land	58
Gross Amount at which Carried at Close of Period, Building and Improvements	275
Gross Amount at which Carried at Close of Period, Total	333
Accumulated Depreciation and Amortization	$ (85)
Original Date of Construction	1,971
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Cornelius [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 983
Initial Cost to Company, Building and Improvements	989
Initial Cost to Company, Total	1,972
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	983
Gross Amount at which Carried at Close of Period, Building and Improvements	989
Gross Amount at which Carried at Close of Period, Total	1,972
Accumulated Depreciation and Amortization	$ (270)
Original Date of Construction	1,989
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Cumberland [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 186
Initial Cost to Company, Building and Improvements	551
Initial Cost to Company, Total	737
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	186
Gross Amount at which Carried at Close of Period, Building and Improvements	551
Gross Amount at which Carried at Close of Period, Total	737
Accumulated Depreciation and Amortization	$ (192)
Original Date of Construction	1,982
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Dallas [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 110
Initial Cost to Company, Building and Improvements	379
Initial Cost to Company, Total	489
Cost Capitalized Subsequent to Acquisition	(40)
Gross Amount at which Carried at Close of Period, Land	110
Gross Amount at which Carried at Close of Period, Building and Improvements	339
Gross Amount at which Carried at Close of Period, Total	449
Accumulated Depreciation and Amortization	$ (106)
Original Date of Construction	1,972
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Denver [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 75
Initial Cost to Company, Building and Improvements	333
Initial Cost to Company, Total	408
Cost Capitalized Subsequent to Acquisition	(36)
Gross Amount at which Carried at Close of Period, Land	75
Gross Amount at which Carried at Close of Period, Building and Improvements	297
Gross Amount at which Carried at Close of Period, Total	372
Accumulated Depreciation and Amortization	$ (93)
Original Date of Construction	1,974
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Dixie Village [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 137
Initial Cost to Company, Building and Improvements	513
Initial Cost to Company, Total	650
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	137
Gross Amount at which Carried at Close of Period, Building and Improvements	513
Gross Amount at which Carried at Close of Period, Total	650
Accumulated Depreciation and Amortization	$ (192)
Original Date of Construction	1,972
Date Acquired	Sep. 1, 2011

SCHEDULE III REAL ESTATE ASSE91

SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION (Details 6) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 268,711
Initial Cost to Company, Building and Improvements	956,005
Initial Cost to Company, Total	1,224,716
Cost Capitalized Subsequent to Acquisition	(200,753)
Gross Amount at which Carried at Close of Period, Land	240,128
Gross Amount at which Carried at Close of Period, Building and Improvements	783,835
Gross Amount at which Carried at Close of Period, Total	1,023,963	$ 1,311,919	$ 1,460,838	$ 1,953,615
Accumulated Depreciation and Amortization	$ (163,083)	$ (193,408)	$ (182,039)	$ (204,781)
Assets Held-for-Investment [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 264,484
Initial Cost to Company, Building and Improvements	948,762
Initial Cost to Company, Total	1,213,246
Cost Capitalized Subsequent to Acquisition	(198,675)
Gross Amount at which Carried at Close of Period, Land	236,034
Gross Amount at which Carried at Close of Period, Building and Improvements	778,537
Gross Amount at which Carried at Close of Period, Total	1,014,571
Accumulated Depreciation and Amortization	$ (161,243)
Assets Held-for-Investment [Member] | Eden Main Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 219
Initial Cost to Company, Building and Improvements	662
Initial Cost to Company, Total	881
Cost Capitalized Subsequent to Acquisition	(106)
Gross Amount at which Carried at Close of Period, Land	219
Gross Amount at which Carried at Close of Period, Building and Improvements	556
Gross Amount at which Carried at Close of Period, Total	775
Accumulated Depreciation and Amortization	$ (153)
Original Date of Construction	1,980
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Elizabethtown Main [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 71
Initial Cost to Company, Building and Improvements	592
Initial Cost to Company, Total	663
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	71
Gross Amount at which Carried at Close of Period, Building and Improvements	592
Gross Amount at which Carried at Close of Period, Total	663
Accumulated Depreciation and Amortization	$ (201)
Original Date of Construction	1,962
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Farmville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 112
Initial Cost to Company, Building and Improvements	892
Initial Cost to Company, Total	1,004
Cost Capitalized Subsequent to Acquisition	(39)
Gross Amount at which Carried at Close of Period, Land	112
Gross Amount at which Carried at Close of Period, Building and Improvements	853
Gross Amount at which Carried at Close of Period, Total	965
Accumulated Depreciation and Amortization	$ (265)
Original Date of Construction	1,965
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Fayetteville Dwntown [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 216
Initial Cost to Company, Building and Improvements	452
Initial Cost to Company, Total	668
Cost Capitalized Subsequent to Acquisition	(109)
Gross Amount at which Carried at Close of Period, Land	216
Gross Amount at which Carried at Close of Period, Building and Improvements	343
Gross Amount at which Carried at Close of Period, Total	559
Accumulated Depreciation and Amortization	$ (91)
Original Date of Construction	1,980
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Garner [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 126
Initial Cost to Company, Building and Improvements	704
Initial Cost to Company, Total	830
Cost Capitalized Subsequent to Acquisition	(39)
Gross Amount at which Carried at Close of Period, Land	126
Gross Amount at which Carried at Close of Period, Building and Improvements	665
Gross Amount at which Carried at Close of Period, Total	791
Accumulated Depreciation and Amortization	$ (207)
Original Date of Construction	1,971
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Gastonia Main Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 313
Initial Cost to Company, Building and Improvements	1,277
Initial Cost to Company, Total	1,590
Cost Capitalized Subsequent to Acquisition	(115)
Gross Amount at which Carried at Close of Period, Land	279
Gross Amount at which Carried at Close of Period, Building and Improvements	1,196
Gross Amount at which Carried at Close of Period, Total	1,475
Accumulated Depreciation and Amortization	$ (318)
Original Date of Construction	1,977
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Guilford College [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 235
Initial Cost to Company, Building and Improvements	803
Initial Cost to Company, Total	1,038
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	235
Gross Amount at which Carried at Close of Period, Building and Improvements	803
Gross Amount at which Carried at Close of Period, Total	1,038
Accumulated Depreciation and Amortization	$ (249)
Original Date of Construction	1,983
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Henderson Mo Relc [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 116
Initial Cost to Company, Building and Improvements	1,145
Initial Cost to Company, Total	1,261
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	116
Gross Amount at which Carried at Close of Period, Building and Improvements	1,145
Gross Amount at which Carried at Close of Period, Total	1,261
Accumulated Depreciation and Amortization	$ (286)
Original Date of Construction	1,994
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Hillsborough [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 55
Initial Cost to Company, Building and Improvements	383
Initial Cost to Company, Total	438
Cost Capitalized Subsequent to Acquisition	(35)
Gross Amount at which Carried at Close of Period, Land	55
Gross Amount at which Carried at Close of Period, Building and Improvements	348
Gross Amount at which Carried at Close of Period, Total	403
Accumulated Depreciation and Amortization	$ (107)
Original Date of Construction	1,920
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Hilltop Plaza [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 352
Initial Cost to Company, Building and Improvements	935
Initial Cost to Company, Total	1,287
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	352
Gross Amount at which Carried at Close of Period, Building and Improvements	935
Gross Amount at which Carried at Close of Period, Total	1,287
Accumulated Depreciation and Amortization	$ (245)
Original Date of Construction	1,993
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Hospital - Greenville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 407
Initial Cost to Company, Building and Improvements	737
Initial Cost to Company, Total	1,144
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	407
Gross Amount at which Carried at Close of Period, Building and Improvements	737
Gross Amount at which Carried at Close of Period, Total	1,144
Accumulated Depreciation and Amortization	$ (202)
Original Date of Construction	1,991
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Kenansville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 90
Initial Cost to Company, Building and Improvements	463
Initial Cost to Company, Total	553
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	90
Gross Amount at which Carried at Close of Period, Building and Improvements	463
Gross Amount at which Carried at Close of Period, Total	553
Accumulated Depreciation and Amortization	$ (170)
Original Date of Construction	1,970
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Kinston Main Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 136
Initial Cost to Company, Building and Improvements	1,121
Initial Cost to Company, Total	1,257
Cost Capitalized Subsequent to Acquisition	(42)
Gross Amount at which Carried at Close of Period, Land	136
Gross Amount at which Carried at Close of Period, Building and Improvements	1,079
Gross Amount at which Carried at Close of Period, Total	1,215
Accumulated Depreciation and Amortization	$ (279)
Original Date of Construction	1,982
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Landfall [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 353
Initial Cost to Company, Building and Improvements	1,116
Initial Cost to Company, Total	1,469
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	353
Gross Amount at which Carried at Close of Period, Building and Improvements	1,116
Gross Amount at which Carried at Close of Period, Total	1,469
Accumulated Depreciation and Amortization	$ (298)
Original Date of Construction	1,989
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Marion Main Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 232
Initial Cost to Company, Building and Improvements	1,341
Initial Cost to Company, Total	1,573
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	232
Gross Amount at which Carried at Close of Period, Building and Improvements	1,341
Gross Amount at which Carried at Close of Period, Total	1,573
Accumulated Depreciation and Amortization	$ (354)
Original Date of Construction	1,982
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Mooresville Main [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 195
Initial Cost to Company, Building and Improvements	756
Initial Cost to Company, Total	951
Cost Capitalized Subsequent to Acquisition	(65)
Gross Amount at which Carried at Close of Period, Land	195
Gross Amount at which Carried at Close of Period, Building and Improvements	691
Gross Amount at which Carried at Close of Period, Total	886
Accumulated Depreciation and Amortization	$ (214)
Original Date of Construction	1,957
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Mt Olive Main Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 119
Initial Cost to Company, Building and Improvements	404
Initial Cost to Company, Total	523
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	119
Gross Amount at which Carried at Close of Period, Building and Improvements	404
Gross Amount at which Carried at Close of Period, Total	523
Accumulated Depreciation and Amortization	$ (175)
Original Date of Construction	1,962
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Myers Park [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 340
Initial Cost to Company, Building and Improvements	1,477
Initial Cost to Company, Total	1,817
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	340
Gross Amount at which Carried at Close of Period, Building and Improvements	1,477
Gross Amount at which Carried at Close of Period, Total	1,817
Accumulated Depreciation and Amortization	$ (495)
Original Date of Construction	1,974
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | North Asheville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 73
Initial Cost to Company, Building and Improvements	430
Initial Cost to Company, Total	503
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	73
Gross Amount at which Carried at Close of Period, Building and Improvements	430
Gross Amount at which Carried at Close of Period, Total	503
Accumulated Depreciation and Amortization	$ (147)
Original Date of Construction	1,973
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | North Boulevard - Raleigh [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 266
Initial Cost to Company, Building and Improvements	689
Initial Cost to Company, Total	955
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	266
Gross Amount at which Carried at Close of Period, Building and Improvements	689
Gross Amount at which Carried at Close of Period, Total	955
Accumulated Depreciation and Amortization	$ (197)
Original Date of Construction	1,986
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | North Durham [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 202
Initial Cost to Company, Building and Improvements	429
Initial Cost to Company, Total	631
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	202
Gross Amount at which Carried at Close of Period, Building and Improvements	429
Gross Amount at which Carried at Close of Period, Total	631
Accumulated Depreciation and Amortization	$ (169)
Original Date of Construction	1,982
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | North Henderson [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 92
Initial Cost to Company, Building and Improvements	247
Initial Cost to Company, Total	339
Cost Capitalized Subsequent to Acquisition	(39)
Gross Amount at which Carried at Close of Period, Land	92
Gross Amount at which Carried at Close of Period, Building and Improvements	208
Gross Amount at which Carried at Close of Period, Total	300
Accumulated Depreciation and Amortization	$ (71)
Original Date of Construction	1,969
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | North Raleigh [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 188
Initial Cost to Company, Building and Improvements	472
Initial Cost to Company, Total	660
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	188
Gross Amount at which Carried at Close of Period, Building and Improvements	472
Gross Amount at which Carried at Close of Period, Total	660
Accumulated Depreciation and Amortization	$ (164)
Original Date of Construction	1,979
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Northeast [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 538
Initial Cost to Company, Building and Improvements	766
Initial Cost to Company, Total	1,304
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	538
Gross Amount at which Carried at Close of Period, Building and Improvements	766
Gross Amount at which Carried at Close of Period, Total	1,304
Accumulated Depreciation and Amortization	$ (299)
Original Date of Construction	1,962
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Northwood [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 184
Initial Cost to Company, Building and Improvements	396
Initial Cost to Company, Total	580
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	184
Gross Amount at which Carried at Close of Period, Building and Improvements	396
Gross Amount at which Carried at Close of Period, Total	580
Accumulated Depreciation and Amortization	$ (165)
Original Date of Construction	1,980
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Park Road [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 376
Initial Cost to Company, Building and Improvements	766
Initial Cost to Company, Total	1,142
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	376
Gross Amount at which Carried at Close of Period, Building and Improvements	766
Gross Amount at which Carried at Close of Period, Total	1,142
Accumulated Depreciation and Amortization	$ (275)
Original Date of Construction	1,971
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Pavilions [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 574
Initial Cost to Company, Building and Improvements	1,284
Initial Cost to Company, Total	1,858
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	574
Gross Amount at which Carried at Close of Period, Building and Improvements	1,284
Gross Amount at which Carried at Close of Period, Total	1,858
Accumulated Depreciation and Amortization	$ (311)
Original Date of Construction	1,989
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Pinehurst [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 214
Initial Cost to Company, Building and Improvements	602
Initial Cost to Company, Total	816
Cost Capitalized Subsequent to Acquisition	(96)
Gross Amount at which Carried at Close of Period, Land	214
Gross Amount at which Carried at Close of Period, Building and Improvements	506
Gross Amount at which Carried at Close of Period, Total	720
Accumulated Depreciation and Amortization	$ (158)
Original Date of Construction	1,904
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Pleasant Garden [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 97
Initial Cost to Company, Building and Improvements	235
Initial Cost to Company, Total	332
Cost Capitalized Subsequent to Acquisition	(46)
Gross Amount at which Carried at Close of Period, Land	97
Gross Amount at which Carried at Close of Period, Building and Improvements	189
Gross Amount at which Carried at Close of Period, Total	286
Accumulated Depreciation and Amortization	$ (62)
Original Date of Construction	1,935
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Reidsville Main Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 160
Initial Cost to Company, Building and Improvements	349
Initial Cost to Company, Total	509
Cost Capitalized Subsequent to Acquisition	(60)
Gross Amount at which Carried at Close of Period, Land	160
Gross Amount at which Carried at Close of Period, Building and Improvements	289
Gross Amount at which Carried at Close of Period, Total	449
Accumulated Depreciation and Amortization	$ (98)
Original Date of Construction	1,900
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Reynolda [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 236
Initial Cost to Company, Building and Improvements	518
Initial Cost to Company, Total	754
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	236
Gross Amount at which Carried at Close of Period, Building and Improvements	518
Gross Amount at which Carried at Close of Period, Total	754
Accumulated Depreciation and Amortization	$ (211)
Original Date of Construction	1,972
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Salisbury Main Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 413
Initial Cost to Company, Building and Improvements	987
Initial Cost to Company, Total	1,400
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	413
Gross Amount at which Carried at Close of Period, Building and Improvements	987
Gross Amount at which Carried at Close of Period, Total	1,400
Accumulated Depreciation and Amortization	$ (303)
Original Date of Construction	1,983
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Salisbury West [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 351
Initial Cost to Company, Building and Improvements	189
Initial Cost to Company, Total	540
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	351
Gross Amount at which Carried at Close of Period, Building and Improvements	189
Gross Amount at which Carried at Close of Period, Total	540
Accumulated Depreciation and Amortization	$ (99)
Original Date of Construction	1,994
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Sardis Village [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 624
Initial Cost to Company, Building and Improvements	747
Initial Cost to Company, Total	1,371
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	624
Gross Amount at which Carried at Close of Period, Building and Improvements	747
Gross Amount at which Carried at Close of Period, Total	1,371
Accumulated Depreciation and Amortization	$ (285)
Original Date of Construction	1,982
Date Acquired	Sep. 1, 2011

SCHEDULE III REAL ESTATE ASSE92

SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION (Details 7) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 268,711
Initial Cost to Company, Building and Improvements	956,005
Initial Cost to Company, Total	1,224,716
Cost Capitalized Subsequent to Acquisition	(200,753)
Gross Amount at which Carried at Close of Period, Land	240,128
Gross Amount at which Carried at Close of Period, Building and Improvements	783,835
Gross Amount at which Carried at Close of Period, Total	1,023,963	$ 1,311,919	$ 1,460,838	$ 1,953,615
Accumulated Depreciation and Amortization	$ (163,083)	$ (193,408)	$ (182,039)	$ (204,781)
Assets Held-for-Investment [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 264,484
Initial Cost to Company, Building and Improvements	948,762
Initial Cost to Company, Total	1,213,246
Cost Capitalized Subsequent to Acquisition	(198,675)
Gross Amount at which Carried at Close of Period, Land	236,034
Gross Amount at which Carried at Close of Period, Building and Improvements	778,537
Gross Amount at which Carried at Close of Period, Total	1,014,571
Accumulated Depreciation and Amortization	$ (161,243)
Assets Held-for-Investment [Member] | Signal Hill [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 407
Initial Cost to Company, Building and Improvements	657
Initial Cost to Company, Total	1,064
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	407
Gross Amount at which Carried at Close of Period, Building and Improvements	657
Gross Amount at which Carried at Close of Period, Total	1,064
Accumulated Depreciation and Amortization	$ (264)
Original Date of Construction	1,975
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Six Forks [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 338
Initial Cost to Company, Building and Improvements	1,053
Initial Cost to Company, Total	1,391
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	338
Gross Amount at which Carried at Close of Period, Building and Improvements	1,053
Gross Amount at which Carried at Close of Period, Total	1,391
Accumulated Depreciation and Amortization	$ (283)
Original Date of Construction	1,986
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | South Elm [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 220
Initial Cost to Company, Building and Improvements	575
Initial Cost to Company, Total	795
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	220
Gross Amount at which Carried at Close of Period, Building and Improvements	575
Gross Amount at which Carried at Close of Period, Total	795
Accumulated Depreciation and Amortization	$ (247)
Original Date of Construction	1,969
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | South Park Greenville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 237
Initial Cost to Company, Building and Improvements	478
Initial Cost to Company, Total	715
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	237
Gross Amount at which Carried at Close of Period, Building and Improvements	478
Gross Amount at which Carried at Close of Period, Total	715
Accumulated Depreciation and Amortization	$ (181)
Original Date of Construction	1,980
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | South Square [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 288
Initial Cost to Company, Building and Improvements	482
Initial Cost to Company, Total	770
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	288
Gross Amount at which Carried at Close of Period, Building and Improvements	482
Gross Amount at which Carried at Close of Period, Total	770
Accumulated Depreciation and Amortization	$ (178)
Original Date of Construction	1,983
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | South Pines Main Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 399
Initial Cost to Company, Building and Improvements	742
Initial Cost to Company, Total	1,141
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	399
Gross Amount at which Carried at Close of Period, Building and Improvements	742
Gross Amount at which Carried at Close of Period, Total	1,141
Accumulated Depreciation and Amortization	$ (323)
Original Date of Construction	1,974
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Southwinds [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 395
Initial Cost to Company, Building and Improvements	886
Initial Cost to Company, Total	1,281
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	395
Gross Amount at which Carried at Close of Period, Building and Improvements	886
Gross Amount at which Carried at Close of Period, Total	1,281
Accumulated Depreciation and Amortization	$ (243)
Original Date of Construction	1,994
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Southwood Square [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 348
Initial Cost to Company, Building and Improvements	716
Initial Cost to Company, Total	1,064
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	348
Gross Amount at which Carried at Close of Period, Building and Improvements	716
Gross Amount at which Carried at Close of Period, Total	1,064
Accumulated Depreciation and Amortization	$ (294)
Original Date of Construction	1,981
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Spruce Pine Main [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 172
Initial Cost to Company, Building and Improvements	953
Initial Cost to Company, Total	1,125
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	172
Gross Amount at which Carried at Close of Period, Building and Improvements	953
Gross Amount at which Carried at Close of Period, Total	1,125
Accumulated Depreciation and Amortization	$ (342)
Original Date of Construction	1,930
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Statesville Main Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 130
Initial Cost to Company, Building and Improvements	1,852
Initial Cost to Company, Total	1,982
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	130
Gross Amount at which Carried at Close of Period, Building and Improvements	1,852
Gross Amount at which Carried at Close of Period, Total	1,982
Accumulated Depreciation and Amortization	$ (590)
Original Date of Construction	1,910
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Swansboro [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 92
Initial Cost to Company, Building and Improvements	272
Initial Cost to Company, Total	364
Cost Capitalized Subsequent to Acquisition	(27)
Gross Amount at which Carried at Close of Period, Land	92
Gross Amount at which Carried at Close of Period, Building and Improvements	245
Gross Amount at which Carried at Close of Period, Total	337
Accumulated Depreciation and Amortization	$ (77)
Original Date of Construction	1,975
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Troutman [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 319
Initial Cost to Company, Building and Improvements	400
Initial Cost to Company, Total	719
Cost Capitalized Subsequent to Acquisition	(133)
Gross Amount at which Carried at Close of Period, Land	319
Gross Amount at which Carried at Close of Period, Building and Improvements	267
Gross Amount at which Carried at Close of Period, Total	586
Accumulated Depreciation and Amortization	$ (86)
Original Date of Construction	1,975
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Tryon Main Office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 87
Initial Cost to Company, Building and Improvements	1,067
Initial Cost to Company, Total	1,154
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	87
Gross Amount at which Carried at Close of Period, Building and Improvements	1,067
Gross Amount at which Carried at Close of Period, Total	1,154
Accumulated Depreciation and Amortization	$ (330)
Original Date of Construction	1,966
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Twin Rivers [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 255
Initial Cost to Company, Building and Improvements	414
Initial Cost to Company, Total	669
Cost Capitalized Subsequent to Acquisition	(82)
Gross Amount at which Carried at Close of Period, Land	255
Gross Amount at which Carried at Close of Period, Building and Improvements	332
Gross Amount at which Carried at Close of Period, Total	587
Accumulated Depreciation and Amortization	$ (91)
Original Date of Construction	1,979
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Union Road [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 203
Initial Cost to Company, Building and Improvements	750
Initial Cost to Company, Total	953
Cost Capitalized Subsequent to Acquisition	(92)
Gross Amount at which Carried at Close of Period, Land	203
Gross Amount at which Carried at Close of Period, Building and Improvements	658
Gross Amount at which Carried at Close of Period, Total	861
Accumulated Depreciation and Amortization	$ (172)
Original Date of Construction	1,981
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | University [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 397
Initial Cost to Company, Building and Improvements	852
Initial Cost to Company, Total	1,249
Cost Capitalized Subsequent to Acquisition	(30)
Gross Amount at which Carried at Close of Period, Land	367
Gross Amount at which Carried at Close of Period, Building and Improvements	852
Gross Amount at which Carried at Close of Period, Total	1,219
Accumulated Depreciation and Amortization	$ (330)
Original Date of Construction	1,974
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Village Drive [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 293
Initial Cost to Company, Building and Improvements	406
Initial Cost to Company, Total	699
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	293
Gross Amount at which Carried at Close of Period, Building and Improvements	406
Gross Amount at which Carried at Close of Period, Total	699
Accumulated Depreciation and Amortization	$ (166)
Original Date of Construction	1,973
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Combee [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 198
Initial Cost to Company, Building and Improvements	501
Initial Cost to Company, Total	699
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	198
Gross Amount at which Carried at Close of Period, Building and Improvements	501
Gross Amount at which Carried at Close of Period, Total	699
Accumulated Depreciation and Amortization	$ (206)
Original Date of Construction	1,980
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Lantana [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 604
Initial Cost to Company, Building and Improvements	781
Initial Cost to Company, Total	1,385
Cost Capitalized Subsequent to Acquisition	(203)
Gross Amount at which Carried at Close of Period, Land	604
Gross Amount at which Carried at Close of Period, Building and Improvements	578
Gross Amount at which Carried at Close of Period, Total	1,182
Accumulated Depreciation and Amortization	$ (189)
Original Date of Construction	1,963
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Monument Road [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 947
Initial Cost to Company, Building and Improvements	2,475
Initial Cost to Company, Total	3,422
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	947
Gross Amount at which Carried at Close of Period, Building and Improvements	2,475
Gross Amount at which Carried at Close of Period, Total	3,422
Accumulated Depreciation and Amortization	$ (613)
Original Date of Construction	1,986
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | North Boca Raton [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 276
Initial Cost to Company, Building and Improvements	806
Initial Cost to Company, Total	1,082
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	276
Gross Amount at which Carried at Close of Period, Building and Improvements	806
Gross Amount at which Carried at Close of Period, Total	1,082
Accumulated Depreciation and Amortization	$ (282)
Original Date of Construction	1,981
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Ridge Road [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 152
Initial Cost to Company, Building and Improvements	554
Initial Cost to Company, Total	706
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	152
Gross Amount at which Carried at Close of Period, Building and Improvements	554
Gross Amount at which Carried at Close of Period, Total	706
Accumulated Depreciation and Amortization	$ (201)
Original Date of Construction	1,981
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Rockledge [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 230
Initial Cost to Company, Building and Improvements	627
Initial Cost to Company, Total	857
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	230
Gross Amount at which Carried at Close of Period, Building and Improvements	627
Gross Amount at which Carried at Close of Period, Total	857
Accumulated Depreciation and Amortization	$ (273)
Original Date of Construction	1,982
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | S. Mandarin [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 241
Initial Cost to Company, Building and Improvements	613
Initial Cost to Company, Total	854
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	241
Gross Amount at which Carried at Close of Period, Building and Improvements	613
Gross Amount at which Carried at Close of Period, Total	854
Accumulated Depreciation and Amortization	$ (187)
Original Date of Construction	1,986
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Westside [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 495
Initial Cost to Company, Building and Improvements	2,057
Initial Cost to Company, Total	2,552
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	495
Gross Amount at which Carried at Close of Period, Building and Improvements	2,057
Gross Amount at which Carried at Close of Period, Total	2,552
Accumulated Depreciation and Amortization	$ (682)
Original Date of Construction	1,962
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Hapeville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 648
Initial Cost to Company, Building and Improvements	1,859
Initial Cost to Company, Total	2,507
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	648
Gross Amount at which Carried at Close of Period, Building and Improvements	1,859
Gross Amount at which Carried at Close of Period, Total	2,507
Accumulated Depreciation and Amortization	$ (614)
Original Date of Construction	1,958
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Perimeter Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 756
Initial Cost to Company, Building and Improvements	2,523
Initial Cost to Company, Total	3,279
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	756
Gross Amount at which Carried at Close of Period, Building and Improvements	2,523
Gross Amount at which Carried at Close of Period, Total	3,279
Accumulated Depreciation and Amortization	$ (604)
Original Date of Construction	1,994
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Stephenson [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 305
Initial Cost to Company, Building and Improvements	621
Initial Cost to Company, Total	926
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	305
Gross Amount at which Carried at Close of Period, Building and Improvements	621
Gross Amount at which Carried at Close of Period, Total	926
Accumulated Depreciation and Amortization	$ (267)
Original Date of Construction	1,967
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Toco Hills [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 230
Initial Cost to Company, Building and Improvements	692
Initial Cost to Company, Total	922
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	230
Gross Amount at which Carried at Close of Period, Building and Improvements	692
Gross Amount at which Carried at Close of Period, Total	922
Accumulated Depreciation and Amortization	$ (228)
Original Date of Construction	1,986
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Walton Way [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 431
Initial Cost to Company, Building and Improvements	1,144
Initial Cost to Company, Total	1,575
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	431
Gross Amount at which Carried at Close of Period, Building and Improvements	1,144
Gross Amount at which Carried at Close of Period, Total	1,575
Accumulated Depreciation and Amortization	$ (370)
Original Date of Construction	1,985
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Washington Road [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 395
Initial Cost to Company, Building and Improvements	1,421
Initial Cost to Company, Total	1,816
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	395
Gross Amount at which Carried at Close of Period, Building and Improvements	1,421
Gross Amount at which Carried at Close of Period, Total	1,816
Accumulated Depreciation and Amortization	$ (440)
Original Date of Construction	1,984
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Clemmons [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 179
Initial Cost to Company, Building and Improvements	506
Initial Cost to Company, Total	685
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	179
Gross Amount at which Carried at Close of Period, Building and Improvements	506
Gross Amount at which Carried at Close of Period, Total	685
Accumulated Depreciation and Amortization	$ (220)
Original Date of Construction	1,973
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | King Main [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 133
Initial Cost to Company, Building and Improvements	600
Initial Cost to Company, Total	733
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	133
Gross Amount at which Carried at Close of Period, Building and Improvements	600
Gross Amount at which Carried at Close of Period, Total	733
Accumulated Depreciation and Amortization	$ (198)
Original Date of Construction	1,978
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Marion Main [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 230
Initial Cost to Company, Building and Improvements	897
Initial Cost to Company, Total	1,127
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	230
Gross Amount at which Carried at Close of Period, Building and Improvements	897
Gross Amount at which Carried at Close of Period, Total	1,127
Accumulated Depreciation and Amortization	$ (321)
Original Date of Construction	1,980
Date Acquired	Sep. 1, 2011

SCHEDULE III REAL ESTATE ASSE93

SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION (Details 8) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 268,711
Initial Cost to Company, Building and Improvements	956,005
Initial Cost to Company, Total	1,224,716
Cost Capitalized Subsequent to Acquisition	(200,753)
Gross Amount at which Carried at Close of Period, Land	240,128
Gross Amount at which Carried at Close of Period, Building and Improvements	783,835
Gross Amount at which Carried at Close of Period, Total	1,023,963	$ 1,311,919	$ 1,460,838	$ 1,953,615
Accumulated Depreciation and Amortization	$ (163,083)	$ (193,408)	$ (182,039)	$ (204,781)
Assets Held-for-Investment [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 264,484
Initial Cost to Company, Building and Improvements	948,762
Initial Cost to Company, Total	1,213,246
Cost Capitalized Subsequent to Acquisition	(198,675)
Gross Amount at which Carried at Close of Period, Land	236,034
Gross Amount at which Carried at Close of Period, Building and Improvements	778,537
Gross Amount at which Carried at Close of Period, Total	1,014,571
Accumulated Depreciation and Amortization	$ (161,243)
Assets Held-for-Investment [Member] | Roxboro Main [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 424
Initial Cost to Company, Building and Improvements	1,307
Initial Cost to Company, Total	1,731
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	424
Gross Amount at which Carried at Close of Period, Building and Improvements	1,307
Gross Amount at which Carried at Close of Period, Total	1,731
Accumulated Depreciation and Amortization	$ (506)
Original Date of Construction	1,980
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Russ Avenue [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 296
Initial Cost to Company, Building and Improvements	897
Initial Cost to Company, Total	1,193
Cost Capitalized Subsequent to Acquisition	(224)
Gross Amount at which Carried at Close of Period, Land	296
Gross Amount at which Carried at Close of Period, Building and Improvements	673
Gross Amount at which Carried at Close of Period, Total	969
Accumulated Depreciation and Amortization	$ (217)
Original Date of Construction	1,972
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Sardis Road [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 149
Initial Cost to Company, Building and Improvements	480
Initial Cost to Company, Total	629
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	149
Gross Amount at which Carried at Close of Period, Building and Improvements	480
Gross Amount at which Carried at Close of Period, Total	629
Accumulated Depreciation and Amortization	$ (154)
Original Date of Construction	1,986
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Valdese Main [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 198
Initial Cost to Company, Building and Improvements	1,218
Initial Cost to Company, Total	1,416
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	198
Gross Amount at which Carried at Close of Period, Building and Improvements	1,218
Gross Amount at which Carried at Close of Period, Total	1,416
Accumulated Depreciation and Amortization	$ (395)
Original Date of Construction	1,952
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Viewmont [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 147
Initial Cost to Company, Building and Improvements	735
Initial Cost to Company, Total	882
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	147
Gross Amount at which Carried at Close of Period, Building and Improvements	735
Gross Amount at which Carried at Close of Period, Total	882
Accumulated Depreciation and Amortization	$ (259)
Original Date of Construction	1,974
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Wilkesboro Main [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 130
Initial Cost to Company, Building and Improvements	645
Initial Cost to Company, Total	775
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	130
Gross Amount at which Carried at Close of Period, Building and Improvements	645
Gross Amount at which Carried at Close of Period, Total	775
Accumulated Depreciation and Amortization	$ (192)
Original Date of Construction	1,986
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Champions [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 390
Initial Cost to Company, Building and Improvements	1,935
Initial Cost to Company, Total	2,325
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	390
Gross Amount at which Carried at Close of Period, Building and Improvements	1,935
Gross Amount at which Carried at Close of Period, Total	2,325
Accumulated Depreciation and Amortization	$ (358)
Original Date of Construction	1,997
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Clear Lake [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 434
Initial Cost to Company, Building and Improvements	1,772
Initial Cost to Company, Total	2,206
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	434
Gross Amount at which Carried at Close of Period, Building and Improvements	1,772
Gross Amount at which Carried at Close of Period, Total	2,206
Accumulated Depreciation and Amortization	$ (379)
Original Date of Construction	1981/2005
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Cypress Station [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 203
Initial Cost to Company, Building and Improvements	982
Initial Cost to Company, Total	1,185
Cost Capitalized Subsequent to Acquisition	(22)
Gross Amount at which Carried at Close of Period, Land	203
Gross Amount at which Carried at Close of Period, Building and Improvements	960
Gross Amount at which Carried at Close of Period, Total	1,163
Accumulated Depreciation and Amortization	$ (161)
Original Date of Construction	1,996
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Deer Park [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 191
Initial Cost to Company, Building and Improvements	646
Initial Cost to Company, Total	837
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	191
Gross Amount at which Carried at Close of Period, Building and Improvements	646
Gross Amount at which Carried at Close of Period, Total	837
Accumulated Depreciation and Amortization	$ (174)
Original Date of Construction	1,990
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Duncanville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 65
Initial Cost to Company, Building and Improvements	322
Initial Cost to Company, Total	387
Cost Capitalized Subsequent to Acquisition	(129)
Gross Amount at which Carried at Close of Period, Land	65
Gross Amount at which Carried at Close of Period, Building and Improvements	193
Gross Amount at which Carried at Close of Period, Total	258
Accumulated Depreciation and Amortization	$ (42)
Original Date of Construction	1,980
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Highway 290 [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 1,822
Initial Cost to Company, Building and Improvements	3,466
Initial Cost to Company, Total	5,288
Cost Capitalized Subsequent to Acquisition	(3,868)
Gross Amount at which Carried at Close of Period, Land	517
Gross Amount at which Carried at Close of Period, Building and Improvements	903
Gross Amount at which Carried at Close of Period, Total	1,420
Accumulated Depreciation and Amortization	$ 107
Original Date of Construction	1,981
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Highway 6 [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 970
Initial Cost to Company, Building and Improvements	2,151
Initial Cost to Company, Total	3,121
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	970
Gross Amount at which Carried at Close of Period, Building and Improvements	2,151
Gross Amount at which Carried at Close of Period, Total	3,121
Accumulated Depreciation and Amortization	$ (391)
Original Date of Construction	1,997
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Humble [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 446
Initial Cost to Company, Building and Improvements	1,811
Initial Cost to Company, Total	2,257
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	446
Gross Amount at which Carried at Close of Period, Building and Improvements	1,811
Gross Amount at which Carried at Close of Period, Total	2,257
Accumulated Depreciation and Amortization	$ (369)
Original Date of Construction	1,998
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Inverness [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 0
Initial Cost to Company, Building and Improvements	0
Initial Cost to Company, Total	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	0
Gross Amount at which Carried at Close of Period, Building and Improvements	0
Gross Amount at which Carried at Close of Period, Total	0
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	1,994
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Paoli [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 0
Initial Cost to Company, Building and Improvements	0
Initial Cost to Company, Total	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	0
Gross Amount at which Carried at Close of Period, Building and Improvements	0
Gross Amount at which Carried at Close of Period, Total	0
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	1,989
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Forest Hill Banking Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 0
Initial Cost to Company, Building and Improvements	0
Initial Cost to Company, Total	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	0
Gross Amount at which Carried at Close of Period, Building and Improvements	0
Gross Amount at which Carried at Close of Period, Total	0
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	1,975
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Upper Montclair Drive Up [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 0
Initial Cost to Company, Building and Improvements	0
Initial Cost to Company, Total	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	0
Gross Amount at which Carried at Close of Period, Building and Improvements	0
Gross Amount at which Carried at Close of Period, Total	0
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	1,941
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Ardmore [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 0
Initial Cost to Company, Building and Improvements	0
Initial Cost to Company, Total	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	0
Gross Amount at which Carried at Close of Period, Building and Improvements	0
Gross Amount at which Carried at Close of Period, Total	0
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	1,980
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Milltown [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 0
Initial Cost to Company, Building and Improvements	0
Initial Cost to Company, Total	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	0
Gross Amount at which Carried at Close of Period, Building and Improvements	0
Gross Amount at which Carried at Close of Period, Total	0
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	1,975
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Fairgrounds [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 0
Initial Cost to Company, Building and Improvements	0
Initial Cost to Company, Total	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	0
Gross Amount at which Carried at Close of Period, Building and Improvements	0
Gross Amount at which Carried at Close of Period, Total	0
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	1,975
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | West Goshen [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 0
Initial Cost to Company, Building and Improvements	0
Initial Cost to Company, Total	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	0
Gross Amount at which Carried at Close of Period, Building and Improvements	0
Gross Amount at which Carried at Close of Period, Total	0
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	1,975
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Reading Airport [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 0
Initial Cost to Company, Building and Improvements	0
Initial Cost to Company, Total	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	0
Gross Amount at which Carried at Close of Period, Building and Improvements	0
Gross Amount at which Carried at Close of Period, Total	0
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	1,975
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Concordia [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 0
Initial Cost to Company, Building and Improvements	0
Initial Cost to Company, Total	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	0
Gross Amount at which Carried at Close of Period, Building and Improvements	0
Gross Amount at which Carried at Close of Period, Total	0
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	1,975
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Thorndale [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 0
Initial Cost to Company, Building and Improvements	0
Initial Cost to Company, Total	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	0
Gross Amount at which Carried at Close of Period, Building and Improvements	0
Gross Amount at which Carried at Close of Period, Total	0
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	1,975
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Wind Gap [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 0
Initial Cost to Company, Building and Improvements	0
Initial Cost to Company, Total	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	0
Gross Amount at which Carried at Close of Period, Building and Improvements	0
Gross Amount at which Carried at Close of Period, Total	0
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	1,975
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Harborside [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 0
Initial Cost to Company, Building and Improvements	0
Initial Cost to Company, Total	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	0
Gross Amount at which Carried at Close of Period, Building and Improvements	0
Gross Amount at which Carried at Close of Period, Total	0
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	2,002
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Hickory Parking Lot [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 59
Initial Cost to Company, Building and Improvements	50
Initial Cost to Company, Total	109
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	59
Gross Amount at which Carried at Close of Period, Building and Improvements	50
Gross Amount at which Carried at Close of Period, Total	109
Accumulated Depreciation and Amortization	$ (7)
Original Date of Construction	1,986
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Torrance [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 0
Initial Cost to Company, Building and Improvements	0
Initial Cost to Company, Total	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	0
Gross Amount at which Carried at Close of Period, Building and Improvements	0
Gross Amount at which Carried at Close of Period, Total	0
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	1,975
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Chapel Hill [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 0
Initial Cost to Company, Building and Improvements	0
Initial Cost to Company, Total	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	0
Gross Amount at which Carried at Close of Period, Building and Improvements	0
Gross Amount at which Carried at Close of Period, Total	0
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	1942 / 1993
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Greenville Main [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 0
Initial Cost to Company, Building and Improvements	0
Initial Cost to Company, Total	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	0
Gross Amount at which Carried at Close of Period, Building and Improvements	0
Gross Amount at which Carried at Close of Period, Total	0
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	1,997
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Del Prado [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 0
Initial Cost to Company, Building and Improvements	0
Initial Cost to Company, Total	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	0
Gross Amount at which Carried at Close of Period, Building and Improvements	0
Gross Amount at which Carried at Close of Period, Total	0
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	1,990
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Parkside Marketplace [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 0
Initial Cost to Company, Building and Improvements	61
Initial Cost to Company, Total	61
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	0
Gross Amount at which Carried at Close of Period, Building and Improvements	61
Gross Amount at which Carried at Close of Period, Total	61
Accumulated Depreciation and Amortization	$ (35)
Original Date of Construction	1,988
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Livingston [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 0
Initial Cost to Company, Building and Improvements	0
Initial Cost to Company, Total	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	0
Gross Amount at which Carried at Close of Period, Building and Improvements	0
Gross Amount at which Carried at Close of Period, Total	0
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	1,980
Date Acquired	Sep. 1, 2011

SCHEDULE III REAL ESTATE ASSE94

SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION (Details 9) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 268,711
Initial Cost to Company, Building and Improvements	956,005
Initial Cost to Company, Total	1,224,716
Cost Capitalized Subsequent to Acquisition	(200,753)
Gross Amount at which Carried at Close of Period, Land	240,128
Gross Amount at which Carried at Close of Period, Building and Improvements	783,835
Gross Amount at which Carried at Close of Period, Total	1,023,963	$ 1,311,919	$ 1,460,838	$ 1,953,615
Accumulated Depreciation and Amortization	$ (163,083)	$ (193,408)	$ (182,039)	$ (204,781)
Assets Held-for-Investment [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 264,484
Initial Cost to Company, Building and Improvements	948,762
Initial Cost to Company, Total	1,213,246
Cost Capitalized Subsequent to Acquisition	(198,675)
Gross Amount at which Carried at Close of Period, Land	236,034
Gross Amount at which Carried at Close of Period, Building and Improvements	778,537
Gross Amount at which Carried at Close of Period, Total	1,014,571
Accumulated Depreciation and Amortization	$ (161,243)
Assets Held-for-Investment [Member] | Downtown St. Petersburg [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 0
Initial Cost to Company, Building and Improvements	0
Initial Cost to Company, Total	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	0
Gross Amount at which Carried at Close of Period, Building and Improvements	0
Gross Amount at which Carried at Close of Period, Total	0
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	1912 / 1981
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Bank of America Finc - Sub-Lease [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 0
Initial Cost to Company, Building and Improvements	0
Initial Cost to Company, Total	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	0
Gross Amount at which Carried at Close of Period, Building and Improvements	0
Gross Amount at which Carried at Close of Period, Total	0
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	1,981
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Gulfgate - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 0
Initial Cost to Company, Building and Improvements	1,165
Initial Cost to Company, Total	1,165
Cost Capitalized Subsequent to Acquisition	(1,049)
Gross Amount at which Carried at Close of Period, Land	0
Gross Amount at which Carried at Close of Period, Building and Improvements	116
Gross Amount at which Carried at Close of Period, Total	116
Accumulated Depreciation and Amortization	$ (243)
Original Date of Construction	1,963
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Cocoa Village Dt [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 483
Initial Cost to Company, Building and Improvements	2,167
Initial Cost to Company, Total	2,650
Cost Capitalized Subsequent to Acquisition	(1,782)
Gross Amount at which Carried at Close of Period, Land	483
Gross Amount at which Carried at Close of Period, Building and Improvements	385
Gross Amount at which Carried at Close of Period, Total	868
Accumulated Depreciation and Amortization	$ (330)
Original Date of Construction	1957 / 1991
Date Acquired	Sep. 1, 2011
Assets Held-for-Investment [Member] | Citizens - Clinton East Main [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 172
Initial Cost to Company, Building and Improvements	641
Initial Cost to Company, Total	813
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	172
Gross Amount at which Carried at Close of Period, Building and Improvements	641
Gross Amount at which Carried at Close of Period, Total	813
Accumulated Depreciation and Amortization	$ (218)
Original Date of Construction	1,972
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Railroad Avenue [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 232
Initial Cost to Company, Building and Improvements	426
Initial Cost to Company, Total	658
Cost Capitalized Subsequent to Acquisition	(34)
Gross Amount at which Carried at Close of Period, Land	232
Gross Amount at which Carried at Close of Period, Building and Improvements	392
Gross Amount at which Carried at Close of Period, Total	624
Accumulated Depreciation and Amortization	$ (134)
Original Date of Construction	1,980
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Shunpike Road [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 281
Initial Cost to Company, Building and Improvements	484
Initial Cost to Company, Total	765
Cost Capitalized Subsequent to Acquisition	(49)
Gross Amount at which Carried at Close of Period, Land	281
Gross Amount at which Carried at Close of Period, Building and Improvements	435
Gross Amount at which Carried at Close of Period, Total	716
Accumulated Depreciation and Amortization	$ (126)
Original Date of Construction	1,976
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Whalley Avenue [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 186
Initial Cost to Company, Building and Improvements	416
Initial Cost to Company, Total	602
Cost Capitalized Subsequent to Acquisition	(32)
Gross Amount at which Carried at Close of Period, Land	186
Gross Amount at which Carried at Close of Period, Building and Improvements	384
Gross Amount at which Carried at Close of Period, Total	570
Accumulated Depreciation and Amortization	$ (148)
Original Date of Construction	1,943
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Lockport [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 287
Initial Cost to Company, Building and Improvements	1,129
Initial Cost to Company, Total	1,416
Cost Capitalized Subsequent to Acquisition	(130)
Gross Amount at which Carried at Close of Period, Land	287
Gross Amount at which Carried at Close of Period, Building and Improvements	999
Gross Amount at which Carried at Close of Period, Total	1,286
Accumulated Depreciation and Amortization	$ (205)
Original Date of Construction	1981 / 1996
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Columbia Road [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 370
Initial Cost to Company, Building and Improvements	1,433
Initial Cost to Company, Total	1,803
Cost Capitalized Subsequent to Acquisition	(23)
Gross Amount at which Carried at Close of Period, Land	370
Gross Amount at which Carried at Close of Period, Building and Improvements	1,410
Gross Amount at which Carried at Close of Period, Total	1,780
Accumulated Depreciation and Amortization	$ (504)
Original Date of Construction	1,930
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - East Boston Square [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 192
Initial Cost to Company, Building and Improvements	785
Initial Cost to Company, Total	977
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	192
Gross Amount at which Carried at Close of Period, Building and Improvements	785
Gross Amount at which Carried at Close of Period, Total	977
Accumulated Depreciation and Amortization	$ (270)
Original Date of Construction	1,928
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Massachusetts Avenue [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 401
Initial Cost to Company, Building and Improvements	395
Initial Cost to Company, Total	796
Cost Capitalized Subsequent to Acquisition	(32)
Gross Amount at which Carried at Close of Period, Land	401
Gross Amount at which Carried at Close of Period, Building and Improvements	363
Gross Amount at which Carried at Close of Period, Total	764
Accumulated Depreciation and Amortization	$ (114)
Original Date of Construction	1,979
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Rogers Road [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 251
Initial Cost to Company, Building and Improvements	1,174
Initial Cost to Company, Total	1,425
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	251
Gross Amount at which Carried at Close of Period, Building and Improvements	1,174
Gross Amount at which Carried at Close of Period, Total	1,425
Accumulated Depreciation and Amortization	$ (411)
Original Date of Construction	1,950
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Union Sq - Somerville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 647
Initial Cost to Company, Building and Improvements	952
Initial Cost to Company, Total	1,599
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	647
Gross Amount at which Carried at Close of Period, Building and Improvements	952
Gross Amount at which Carried at Close of Period, Total	1,599
Accumulated Depreciation and Amortization	$ (329)
Original Date of Construction	1,970
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - 18 Mile Road [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 207
Initial Cost to Company, Building and Improvements	835
Initial Cost to Company, Total	1,042
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	207
Gross Amount at which Carried at Close of Period, Building and Improvements	835
Gross Amount at which Carried at Close of Period, Total	1,042
Accumulated Depreciation and Amortization	$ (265)
Original Date of Construction	1,977
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Allen Road - Southgate [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 422
Initial Cost to Company, Building and Improvements	2,949
Initial Cost to Company, Total	3,371
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	422
Gross Amount at which Carried at Close of Period, Building and Improvements	2,949
Gross Amount at which Carried at Close of Period, Total	3,371
Accumulated Depreciation and Amortization	$ (878)
Original Date of Construction	1,973
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Ford Road Heights [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 494
Initial Cost to Company, Building and Improvements	1,130
Initial Cost to Company, Total	1,624
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	494
Gross Amount at which Carried at Close of Period, Building and Improvements	1,130
Gross Amount at which Carried at Close of Period, Total	1,624
Accumulated Depreciation and Amortization	$ (325)
Original Date of Construction	1,981
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Grand River [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 52
Initial Cost to Company, Building and Improvements	611
Initial Cost to Company, Total	663
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	52
Gross Amount at which Carried at Close of Period, Building and Improvements	611
Gross Amount at which Carried at Close of Period, Total	663
Accumulated Depreciation and Amortization	$ (254)
Original Date of Construction	1,920
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Greater Mack [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 626
Initial Cost to Company, Building and Improvements	1,150
Initial Cost to Company, Total	1,776
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	626
Gross Amount at which Carried at Close of Period, Building and Improvements	1,150
Gross Amount at which Carried at Close of Period, Total	1,776
Accumulated Depreciation and Amortization	$ (419)
Original Date of Construction	1,980
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Grosse Pointe Woods [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 249
Initial Cost to Company, Building and Improvements	572
Initial Cost to Company, Total	821
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	249
Gross Amount at which Carried at Close of Period, Building and Improvements	572
Gross Amount at which Carried at Close of Period, Total	821
Accumulated Depreciation and Amortization	$ (211)
Original Date of Construction	1,955
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Hoover Road [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 133
Initial Cost to Company, Building and Improvements	741
Initial Cost to Company, Total	874
Cost Capitalized Subsequent to Acquisition	(85)
Gross Amount at which Carried at Close of Period, Land	133
Gross Amount at which Carried at Close of Period, Building and Improvements	656
Gross Amount at which Carried at Close of Period, Total	789
Accumulated Depreciation and Amortization	$ (125)
Original Date of Construction	1,997
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Joy Road [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 66
Initial Cost to Company, Building and Improvements	591
Initial Cost to Company, Total	657
Cost Capitalized Subsequent to Acquisition	(338)
Gross Amount at which Carried at Close of Period, Land	52
Gross Amount at which Carried at Close of Period, Building and Improvements	267
Gross Amount at which Carried at Close of Period, Total	319
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	1,957
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Main Street - Belleville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 181
Initial Cost to Company, Building and Improvements	1,228
Initial Cost to Company, Total	1,409
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	181
Gross Amount at which Carried at Close of Period, Building and Improvements	1,228
Gross Amount at which Carried at Close of Period, Total	1,409
Accumulated Depreciation and Amortization	$ (254)
Original Date of Construction	1,998
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - North Adams [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 227
Initial Cost to Company, Building and Improvements	1,417
Initial Cost to Company, Total	1,644
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	227
Gross Amount at which Carried at Close of Period, Building and Improvements	1,417
Gross Amount at which Carried at Close of Period, Total	1,644
Accumulated Depreciation and Amortization	$ (405)
Original Date of Construction	1,976
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Plymouth Road - Detroit [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 66
Initial Cost to Company, Building and Improvements	539
Initial Cost to Company, Total	605
Cost Capitalized Subsequent to Acquisition	(306)
Gross Amount at which Carried at Close of Period, Land	54
Gross Amount at which Carried at Close of Period, Building and Improvements	245
Gross Amount at which Carried at Close of Period, Total	299
Accumulated Depreciation and Amortization	$ 0
Original Date of Construction	Early 1960’s
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Roseville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 347
Initial Cost to Company, Building and Improvements	906
Initial Cost to Company, Total	1,253
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	347
Gross Amount at which Carried at Close of Period, Building and Improvements	906
Gross Amount at which Carried at Close of Period, Total	1,253
Accumulated Depreciation and Amortization	$ (299)
Original Date of Construction	1,981
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Schoenherr [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 145
Initial Cost to Company, Building and Improvements	1,088
Initial Cost to Company, Total	1,233
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	145
Gross Amount at which Carried at Close of Period, Building and Improvements	1,088
Gross Amount at which Carried at Close of Period, Total	1,233
Accumulated Depreciation and Amortization	$ (343)
Original Date of Construction	1,979
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - West Fort Street [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 122
Initial Cost to Company, Building and Improvements	1,315
Initial Cost to Company, Total	1,437
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	122
Gross Amount at which Carried at Close of Period, Building and Improvements	1,315
Gross Amount at which Carried at Close of Period, Total	1,437
Accumulated Depreciation and Amortization	$ (292)
Original Date of Construction	1,984
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - West Maple [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 317
Initial Cost to Company, Building and Improvements	1,675
Initial Cost to Company, Total	1,992
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	317
Gross Amount at which Carried at Close of Period, Building and Improvements	1,675
Gross Amount at which Carried at Close of Period, Total	1,992
Accumulated Depreciation and Amortization	$ (586)
Original Date of Construction	1,962
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Woodward - Ferndale [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 313
Initial Cost to Company, Building and Improvements	798
Initial Cost to Company, Total	1,111
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	313
Gross Amount at which Carried at Close of Period, Building and Improvements	798
Gross Amount at which Carried at Close of Period, Total	1,111
Accumulated Depreciation and Amortization	$ (300)
Original Date of Construction	1,960
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Barrington [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 176
Initial Cost to Company, Building and Improvements	335
Initial Cost to Company, Total	511
Cost Capitalized Subsequent to Acquisition	(82)
Gross Amount at which Carried at Close of Period, Land	176
Gross Amount at which Carried at Close of Period, Building and Improvements	253
Gross Amount at which Carried at Close of Period, Total	429
Accumulated Depreciation and Amortization	$ (75)
Original Date of Construction	1,985
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Coliseum Avenue [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 206
Initial Cost to Company, Building and Improvements	655
Initial Cost to Company, Total	861
Cost Capitalized Subsequent to Acquisition	(91)
Gross Amount at which Carried at Close of Period, Land	206
Gross Amount at which Carried at Close of Period, Building and Improvements	564
Gross Amount at which Carried at Close of Period, Total	770
Accumulated Depreciation and Amortization	$ (134)
Original Date of Construction	1,981
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - One Constitution Way [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 135
Initial Cost to Company, Building and Improvements	1,013
Initial Cost to Company, Total	1,148
Cost Capitalized Subsequent to Acquisition	(32)
Gross Amount at which Carried at Close of Period, Land	135
Gross Amount at which Carried at Close of Period, Building and Improvements	981
Gross Amount at which Carried at Close of Period, Total	1,116
Accumulated Depreciation and Amortization	$ (214)
Original Date of Construction	1,985
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Endicott [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 117
Initial Cost to Company, Building and Improvements	2,001
Initial Cost to Company, Total	2,118
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	117
Gross Amount at which Carried at Close of Period, Building and Improvements	2,001
Gross Amount at which Carried at Close of Period, Total	2,118
Accumulated Depreciation and Amortization	$ (719)
Original Date of Construction	1,927
Date Acquired	Oct. 24, 2011

SCHEDULE III REAL ESTATE ASSE95

SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION (Details 10) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 268,711
Initial Cost to Company, Building and Improvements	956,005
Initial Cost to Company, Total	1,224,716
Cost Capitalized Subsequent to Acquisition	(200,753)
Gross Amount at which Carried at Close of Period, Land	240,128
Gross Amount at which Carried at Close of Period, Building and Improvements	783,835
Gross Amount at which Carried at Close of Period, Total	1,023,963	$ 1,311,919	$ 1,460,838	$ 1,953,615
Accumulated Depreciation and Amortization	$ (163,083)	$ (193,408)	$ (182,039)	$ (204,781)
Assets Held-for-Investment [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 264,484
Initial Cost to Company, Building and Improvements	948,762
Initial Cost to Company, Total	1,213,246
Cost Capitalized Subsequent to Acquisition	(198,675)
Gross Amount at which Carried at Close of Period, Land	236,034
Gross Amount at which Carried at Close of Period, Building and Improvements	778,537
Gross Amount at which Carried at Close of Period, Total	1,014,571
Accumulated Depreciation and Amortization	$ (161,243)
Assets Held-for-Investment [Member] | Citizens - Genesee - Utica [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 91
Initial Cost to Company, Building and Improvements	2,001
Initial Cost to Company, Total	2,092
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	91
Gross Amount at which Carried at Close of Period, Building and Improvements	2,001
Gross Amount at which Carried at Close of Period, Total	2,092
Accumulated Depreciation and Amortization	$ (737)
Original Date of Construction	1956 / 1968
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Glens Falls [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 167
Initial Cost to Company, Building and Improvements	1,234
Initial Cost to Company, Total	1,401
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	167
Gross Amount at which Carried at Close of Period, Building and Improvements	1,234
Gross Amount at which Carried at Close of Period, Total	1,401
Accumulated Depreciation and Amortization	$ (436)
Original Date of Construction	1,956
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Main Street - Beacon [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 440
Initial Cost to Company, Building and Improvements	1,247
Initial Cost to Company, Total	1,687
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	440
Gross Amount at which Carried at Close of Period, Building and Improvements	1,247
Gross Amount at which Carried at Close of Period, Total	1,687
Accumulated Depreciation and Amortization	$ (458)
Original Date of Construction	1,955
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Meadow Avenue [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 364
Initial Cost to Company, Building and Improvements	1,232
Initial Cost to Company, Total	1,596
Cost Capitalized Subsequent to Acquisition	(133)
Gross Amount at which Carried at Close of Period, Land	364
Gross Amount at which Carried at Close of Period, Building and Improvements	1,099
Gross Amount at which Carried at Close of Period, Total	1,463
Accumulated Depreciation and Amortization	$ (303)
Original Date of Construction	1,972
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Montcalm Street [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 16
Initial Cost to Company, Building and Improvements	607
Initial Cost to Company, Total	623
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	16
Gross Amount at which Carried at Close of Period, Building and Improvements	607
Gross Amount at which Carried at Close of Period, Total	623
Accumulated Depreciation and Amortization	$ (226)
Original Date of Construction	1,920
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Dover Center Road [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 196
Initial Cost to Company, Building and Improvements	484
Initial Cost to Company, Total	680
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	196
Gross Amount at which Carried at Close of Period, Building and Improvements	484
Gross Amount at which Carried at Close of Period, Total	680
Accumulated Depreciation and Amortization	$ (193)
Original Date of Construction	1,967
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - East Street - Euclid [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 86
Initial Cost to Company, Building and Improvements	708
Initial Cost to Company, Total	794
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	86
Gross Amount at which Carried at Close of Period, Building and Improvements	708
Gross Amount at which Carried at Close of Period, Total	794
Accumulated Depreciation and Amortization	$ (208)
Original Date of Construction	1,975
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Fairview Park [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 289
Initial Cost to Company, Building and Improvements	374
Initial Cost to Company, Total	663
Cost Capitalized Subsequent to Acquisition	(43)
Gross Amount at which Carried at Close of Period, Land	289
Gross Amount at which Carried at Close of Period, Building and Improvements	331
Gross Amount at which Carried at Close of Period, Total	620
Accumulated Depreciation and Amortization	$ (125)
Original Date of Construction	1,966
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Girard [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 88
Initial Cost to Company, Building and Improvements	1,091
Initial Cost to Company, Total	1,179
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	88
Gross Amount at which Carried at Close of Period, Building and Improvements	1,091
Gross Amount at which Carried at Close of Period, Total	1,179
Accumulated Depreciation and Amortization	$ (306)
Original Date of Construction	1977 / 1983
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Lake Shore Boulevard [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 234
Initial Cost to Company, Building and Improvements	622
Initial Cost to Company, Total	856
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	234
Gross Amount at which Carried at Close of Period, Building and Improvements	622
Gross Amount at which Carried at Close of Period, Total	856
Accumulated Depreciation and Amortization	$ (273)
Original Date of Construction	1,971
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Lorain Road [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 254
Initial Cost to Company, Building and Improvements	599
Initial Cost to Company, Total	853
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	254
Gross Amount at which Carried at Close of Period, Building and Improvements	599
Gross Amount at which Carried at Close of Period, Total	853
Accumulated Depreciation and Amortization	$ (157)
Original Date of Construction	1,981
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Mentor Avenue [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 690
Initial Cost to Company, Building and Improvements	1,283
Initial Cost to Company, Total	1,973
Cost Capitalized Subsequent to Acquisition	(145)
Gross Amount at which Carried at Close of Period, Land	690
Gross Amount at which Carried at Close of Period, Building and Improvements	1,138
Gross Amount at which Carried at Close of Period, Total	1,828
Accumulated Depreciation and Amortization	$ (386)
Original Date of Construction	1,958
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Navarre Avenue [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 107
Initial Cost to Company, Building and Improvements	1,015
Initial Cost to Company, Total	1,122
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	107
Gross Amount at which Carried at Close of Period, Building and Improvements	1,015
Gross Amount at which Carried at Close of Period, Total	1,122
Accumulated Depreciation and Amortization	$ (321)
Original Date of Construction	1,980
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Richmond Heights [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 353
Initial Cost to Company, Building and Improvements	683
Initial Cost to Company, Total	1,036
Cost Capitalized Subsequent to Acquisition	(122)
Gross Amount at which Carried at Close of Period, Land	353
Gross Amount at which Carried at Close of Period, Building and Improvements	561
Gross Amount at which Carried at Close of Period, Total	914
Accumulated Depreciation and Amortization	$ (113)
Original Date of Construction	2,002
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Toledo Main [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 83
Initial Cost to Company, Building and Improvements	664
Initial Cost to Company, Total	747
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	83
Gross Amount at which Carried at Close of Period, Building and Improvements	664
Gross Amount at which Carried at Close of Period, Total	747
Accumulated Depreciation and Amortization	$ (261)
Original Date of Construction	1,952
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - University Heights [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 426
Initial Cost to Company, Building and Improvements	505
Initial Cost to Company, Total	931
Cost Capitalized Subsequent to Acquisition	(55)
Gross Amount at which Carried at Close of Period, Land	426
Gross Amount at which Carried at Close of Period, Building and Improvements	450
Gross Amount at which Carried at Close of Period, Total	876
Accumulated Depreciation and Amortization	$ (93)
Original Date of Construction	1989 / 2002
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Westlake [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 283
Initial Cost to Company, Building and Improvements	596
Initial Cost to Company, Total	879
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	283
Gross Amount at which Carried at Close of Period, Building and Improvements	596
Gross Amount at which Carried at Close of Period, Total	879
Accumulated Depreciation and Amortization	$ (193)
Original Date of Construction	1,981
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Burgettstown [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 68
Initial Cost to Company, Building and Improvements	1,165
Initial Cost to Company, Total	1,233
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	68
Gross Amount at which Carried at Close of Period, Building and Improvements	1,165
Gross Amount at which Carried at Close of Period, Total	1,233
Accumulated Depreciation and Amortization	$ (390)
Original Date of Construction	1,921
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Zelienople [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 26
Initial Cost to Company, Building and Improvements	1,054
Initial Cost to Company, Total	1,080
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	26
Gross Amount at which Carried at Close of Period, Building and Improvements	1,054
Gross Amount at which Carried at Close of Period, Total	1,080
Accumulated Depreciation and Amortization	$ (347)
Original Date of Construction	1920 / 1971
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Portsmouth East Main [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 446
Initial Cost to Company, Building and Improvements	518
Initial Cost to Company, Total	964
Cost Capitalized Subsequent to Acquisition	(68)
Gross Amount at which Carried at Close of Period, Land	446
Gross Amount at which Carried at Close of Period, Building and Improvements	450
Gross Amount at which Carried at Close of Period, Total	896
Accumulated Depreciation and Amortization	$ (147)
Original Date of Construction	1,979
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Citizens - Pearl St - Essex Junction [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 170
Initial Cost to Company, Building and Improvements	415
Initial Cost to Company, Total	585
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	171
Gross Amount at which Carried at Close of Period, Building and Improvements	414
Gross Amount at which Carried at Close of Period, Total	585
Accumulated Depreciation and Amortization	$ (117)
Original Date of Construction	1,986
Date Acquired	Oct. 24, 2011
Assets Held-for-Investment [Member] | Feasterville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 319
Initial Cost to Company, Building and Improvements	2,064
Initial Cost to Company, Total	2,383
Cost Capitalized Subsequent to Acquisition	(663)
Gross Amount at which Carried at Close of Period, Land	320
Gross Amount at which Carried at Close of Period, Building and Improvements	1,400
Gross Amount at which Carried at Close of Period, Total	1,720
Accumulated Depreciation and Amortization	$ (132)
Original Date of Construction	1,964
Date Acquired	Sep. 1, 2011

SCHEDULE III REAL ESTATE ASSE96

SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION (Details 11) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 268,711
Initial Cost to Company, Building and Improvements	956,005
Initial Cost to Company, Total	1,224,716
Cost Capitalized Subsequent to Acquisition	(200,753)
Gross Amount at which Carried at Close of Period, Land	240,128
Gross Amount at which Carried at Close of Period, Building and Improvements	783,835
Gross Amount at which Carried at Close of Period, Total	1,023,963	$ 1,311,919	$ 1,460,838	$ 1,953,615
Accumulated Depreciation and Amortization	(163,083)	$ (193,408)	$ (182,039)	$ (204,781)
Assets Held-for-sale [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	4,227
Initial Cost to Company, Building and Improvements	7,243
Initial Cost to Company, Total	11,470
Cost Capitalized Subsequent to Acquisition	(2,078)
Gross Amount at which Carried at Close of Period, Land	4,094
Gross Amount at which Carried at Close of Period, Building and Improvements	5,298
Gross Amount at which Carried at Close of Period, Total	9,392
Accumulated Depreciation and Amortization	$ (1,840)
Assets Held-for-sale [Member] | Mountain Home - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 380
Initial Cost to Company, Building and Improvements	438
Initial Cost to Company, Total	818
Cost Capitalized Subsequent to Acquisition	(453)
Gross Amount at which Carried at Close of Period, Land	254
Gross Amount at which Carried at Close of Period, Building and Improvements	111
Gross Amount at which Carried at Close of Period, Total	365
Accumulated Depreciation and Amortization	$ (2)
Original Date of Construction	1,980
Date Acquired	Sep. 1, 2011
Assets Held-for-sale [Member] | Nederland - Main Building [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 49
Initial Cost to Company, Building and Improvements	510
Initial Cost to Company, Total	559
Cost Capitalized Subsequent to Acquisition	(375)
Gross Amount at which Carried at Close of Period, Land	44
Gross Amount at which Carried at Close of Period, Building and Improvements	140
Gross Amount at which Carried at Close of Period, Total	184
Accumulated Depreciation and Amortization	$ (3)
Original Date of Construction	1,946
Date Acquired	Sep. 1, 2011
Assets Held-for-sale [Member] | Toluca Lake [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 522
Initial Cost to Company, Building and Improvements	869
Initial Cost to Company, Total	1,391
Cost Capitalized Subsequent to Acquisition	(10)
Gross Amount at which Carried at Close of Period, Land	522
Gross Amount at which Carried at Close of Period, Building and Improvements	859
Gross Amount at which Carried at Close of Period, Total	1,381
Accumulated Depreciation and Amortization	$ (298)
Original Date of Construction	1,978
Date Acquired	Sep. 1, 2011
Assets Held-for-sale [Member] | West Los Angeles Branch [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 991
Initial Cost to Company, Building and Improvements	570
Initial Cost to Company, Total	1,561
Cost Capitalized Subsequent to Acquisition	(50)
Gross Amount at which Carried at Close of Period, Land	991
Gross Amount at which Carried at Close of Period, Building and Improvements	520
Gross Amount at which Carried at Close of Period, Total	1,511
Accumulated Depreciation and Amortization	$ (228)
Original Date of Construction	1,957
Date Acquired	Sep. 1, 2011
Assets Held-for-sale [Member] | Williow Glenn [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 353
Initial Cost to Company, Building and Improvements	295
Initial Cost to Company, Total	648
Cost Capitalized Subsequent to Acquisition	(23)
Gross Amount at which Carried at Close of Period, Land	353
Gross Amount at which Carried at Close of Period, Building and Improvements	272
Gross Amount at which Carried at Close of Period, Total	625
Accumulated Depreciation and Amortization	$ (134)
Original Date of Construction	1,955
Date Acquired	Sep. 1, 2011
Assets Held-for-sale [Member] | NBOC Operations Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 30
Initial Cost to Company, Building and Improvements	40
Initial Cost to Company, Total	70
Cost Capitalized Subsequent to Acquisition	56
Gross Amount at which Carried at Close of Period, Land	30
Gross Amount at which Carried at Close of Period, Building and Improvements	96
Gross Amount at which Carried at Close of Period, Total	126
Accumulated Depreciation and Amortization	$ (31)
Original Date of Construction	1,950
Date Acquired	Sep. 1, 2011
Assets Held-for-sale [Member] | NBOC Operations Center1 [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 1,701
Initial Cost to Company, Building and Improvements	3,999
Initial Cost to Company, Total	5,700
Cost Capitalized Subsequent to Acquisition	(1,223)
Gross Amount at which Carried at Close of Period, Land	1,700
Gross Amount at which Carried at Close of Period, Building and Improvements	2,777
Gross Amount at which Carried at Close of Period, Total	4,477
Accumulated Depreciation and Amortization	$ (970)
Original Date of Construction	1950/1959
Date Acquired	Sep. 1, 2011
Assets Held-for-sale [Member] | Helotes [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Ownership Percent	100.00%
Initial Cost to Company, Land	$ 201
Initial Cost to Company, Building and Improvements	522
Initial Cost to Company, Total	723
Cost Capitalized Subsequent to Acquisition	0
Gross Amount at which Carried at Close of Period, Land	200
Gross Amount at which Carried at Close of Period, Building and Improvements	523
Gross Amount at which Carried at Close of Period, Total	723
Accumulated Depreciation and Amortization	$ (174)
Original Date of Construction	1,982
Date Acquired	Sep. 1, 2011

SCHEDULE III REAL ESTATE ASSE97

SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION (Narrative) (Details) $ in Millions	Dec. 31, 2015USD ($)property
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Real estate, federal income tax basis	$ 1,300
Number of real estate properties | property	364
Secured Debt [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 164.1
BBD2 Mortgage Loan [Member] | Secured Debt [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	65.7
FSI 6000A Mortgage Loan [Member] | Secured Debt [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	24.3
FSI 6000B Mortgage Loan [Member] | Secured Debt [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	27.8
FSI 6000C Mortgage Loan [Member] | Secured Debt [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	22
FSI 6000D Mortgage Loan [Member] | Secured Debt [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	28.9
Pitney Bowes - Bank of America Mortgage Loan [Member] | Secured Debt [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 36.2

SCHEDULE III REAL ESTATE ASSE98

SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION (Real Estate and Accumulated Depreciation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Real Estate
Balance at the beginning of the year	$ 1,311,919	$ 1,460,838	$ 1,953,615
Acquisition	2,297	0	0
Improvements	36,816	33,046	21,678
Write-off of fully depreciated and fully amortized assets	(18,169)	(31,954)	(29,166)
Impairments	(85,255)	(18,902)	(80,609)
Sales	(223,645)	(94,562)	(404,680)
Foreclosures	0	(36,547)	0
Balance at the end of the year	1,023,963	1,311,919	1,460,838
Accumulated depreciation and amortization
Balance at the beginning of the year	193,408	182,039	204,781
Depreciation and amortization expense	55,995	67,848	78,461
Write-off of fully depreciated and fully amortized assets	(18,169)	(31,954)	(29,166)
Impairment	(38,916)	(8,885)	(32,595)
Sales	(29,235)	(10,973)	(39,442)
Foreclosures	0	(4,667)	0
Balance at the end of the year	$ 163,083	$ 193,408	$ 182,039