SEGMENT DISCLOSURE In accordance with ASC Topic 280, Segment Reporting , our reportable segments during the three and six months ended June 30, 2020 and 2019 consist of two types of commercial real estate properties, namely, office and hotel, as well as a segment for our lending business. Management internally evaluates the operating performance and financial results of the segments based on net operating income. We also have certain general and administrative level activities, including public company expenses, legal, accounting, and tax preparation that are not considered separate operating segments. The reportable segments are accounted for on the same basis of accounting as described in the notes to our audited consolidated financial statements for the year ended December 31, 2019 included in our Annual Report on Form 10-K filed with the SEC on March 16, 2020. For our real estate segments, we define net operating income (loss) as rental and other property income and expense reimbursements less property related expenses, and excludes non-property income and expenses, interest expense, depreciation and amortization, corporate related general and administrative expenses, gain (loss) on sale of real estate, gain (loss) on early extinguishment of debt, impairment of real estate, transaction costs, and provision for income taxes. For our lending segment, we define net operating income as interest income net of interest expense and general overhead expenses. The net operating income (loss) of our segments for the three and six months ended June 30, 2020 and 2019 is as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (in thousands) Office: Revenues $ 13,763 $ 22,050 $ 28,660 $ 55,495 Property expenses: Operating 5,266 8,913 11,312 22,472 General and administrative 238 202 336 356 Total property expenses 5,504 9,115 11,648 22,828 Segment net operating incomeoffice 8,259 12,935 17,012 32,667 Hotel: Revenues 1,114 10,330 9,367 20,919 Property expenses: Operating 2,226 6,745 8,695 13,439 General and administrative 6 63 19 77 Total property expenses 2,232 6,808 8,714 13,516 Segment net operating (loss) incomehotel (1,118) 3,522 653 7,403 Lending: Revenues 1,598 2,977 3,982 5,901 Lending expenses: Interest expense 189 536 480 1,118 Expense reimbursements to related parties 998 551 1,680 1,188 General and administrative 521 335 921 838 Total lending expenses 1,708 1,422 3,081 3,144 Segment net operating (loss) incomelending (110) 1,555 901 2,757 Total segment net operating income $ 7,031 $ 18,012 $ 18,566 $ 42,827 A reconciliation of our segment net operating income to net income attributable to the Company for the three and six months ended June 30, 2020 and 2019 is as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (in thousands) Total segment net operating income $ 7,031 $ 18,012 $ 18,566 $ 42,827 Interest and other income 35 1,499 36 1,818 Asset management and other fees to related parties (2,376) (3,195) (5,021) (7,797) Expense reimbursements to related partiescorporate (615) (542) (1,427) (1,189) Interest expense (2,707) (2,014) (5,583) (5,477) General and administrative (903) (1,021) (2,126) (2,138) Transaction costs  (216)  (260) Depreciation and amortization (5,197) (7,185) (10,455) (16,815) Loss on early extinguishment of debt  (4,911)  (29,982) Impairment of real estate  (2,800)  (69,000) Gain on sale of real estate  55,221  432,802 (Loss) income before provision for income taxes (4,732) 52,848 (6,010) 344,789 Provision for income taxes 691 (281) 713 (599) Net (loss) income (4,041) 52,567 (5,297) 344,190 Net (income) loss attributable to noncontrolling interests (2) (1) (6) 173 Net (loss) income attributable to the Company $ (4,043) $ 52,566 $ (5,303) $ 344,363 The condensed assets for each of the segments as of June 30, 2020 and December 31, 2019, along with capital expenditures and loan originations for the six months ended June 30, 2020 and 2019, are as follows: June 30, 2020 December 31, 2019 (in thousands) Condensed assets: Office $ 465,554 $ 460,951 Hotel 101,335 104,029 Lending 94,391 82,140 Non-segment assets 64,945 20,472 Total assets $ 726,225 $ 667,592 Six Months Ended June 30, 2020 2019 (in thousands) Capital expenditures (1): Office $ 7,087 $ 4,363 Hotel 556 1,157 Total capital expenditures 7,643 5,520 Loan originations 27,870 18,523 Total capital expenditures and loan originations $ 35,513 $ 24,043 (1) Represents additions and improvements to real estate investments, excluding acquisitions. Includes the activity for dispositions through their respective disposition dates.