Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2013

	December 31,
(in thousands)	2012

Land	$	2,791
Building	5,216
	8,007
Less accumulated depreciation	167
	7,840
Straight-line rent receivable	67
Deferred leasing comissions, net of accumulated amortization of $859	3,779

Acquired unfavorable leases, net of accumulated amortization of $252	(1,111		)
	$	10,575

Summary of operating results for discontinued operations

	For the Year Ended
	December 31,
(in thousands)	2013			2012			2011
Rental revenue	$	991		$	2,334		$	2,134
Related party revenue:
Syndication fees	—			—			4,670
Transaction fees	—			—			4,454
Other income	—			—			42
Rental operating expenses	—			(1,089		)	(1,616		)
Real estate taxes and insurance	—			(340		)	(377		)
Selling, general and administrative	—			—			(3,488		)
Commissions	—			—			(2,535		)
Depreciation and amortization	(616		)	(1,396		)	(1,070		)
Income tax benefit	—			—			—
Interest income	—			—			14
Net income (loss) from discontinued operations	$	375		$	(491	)	$	2,228

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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