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Quarterly Financial Information (unaudited) (Tables)
12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (unaudited)
The following tables summarize our quarterly financial information. The first, second and third fiscal quarters of 2013 and all fiscal quarters in 2012 have been revised in accordance with guidance on accounting for discontinued operations.
Net (Loss) Income Available to Unitholders and Participating Securities and basic and diluted EPU from Net (Loss) Income Available to Unitholders have not been affected.
 
 
Year Ended December 31, 2013
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Total Revenues
$
71,146

 
$
72,376

 
$
71,454

 
$
73,960

Equity in Income of Other Real Estate Partnerships
2,172

 
2,399

 
4,546

 
2,486

Equity in Income of Joint Ventures
20

 
27

 
72

 
17

Income (Loss) from Continuing Operations
979

 
(1,193
)
 
4,337

 
2,856

(Loss) Income from Discontinued Operations
(2,369
)
 
12,586

 
4,180

 
19,237

Gain on Sale of Real Estate, Net of Income Tax
262

 

 
221

 
337

Net (Loss) Income
(1,128
)
 
11,393

 
8,738

 
22,430

Preferred Unit Distributions
(3,837
)
 
(2,277
)
 
(1,392
)
 
(1,227
)
Redemption of Preferred Units

 
(3,546
)
 
(2,121
)
 

Net (Loss) Income Available to Unitholders and Participating Securities
(4,965
)
 
5,570

 
5,225

 
21,203

Income from Continuing Operations Allocable to Participating Securities
(36
)
 

 
(8
)
 
(8
)
Income from Discontinued Operations Allocable to Participating Securities

 
(42
)
 
(34
)
 
(83
)
Net (Loss) Income Available to Unitholders
$
(5,001
)
 
$
5,528

 
$
5,183

 
$
21,112

Basic Earnings Per Unit:
 
 
 
 
 
 
 
(Loss) Income from Continuing Operations Available to Unitholders
$
(0.03
)
 
$
(0.06
)
 
$
0.01

 
$
0.02

(Loss) Income from Discontinued Operations Attributable to Unitholders
$
(0.02
)
 
$
0.11

 
$
0.03

 
$
0.17

Net (Loss) Income Available to Unitholders
$
(0.05
)
 
$
0.05

 
$
0.04

 
$
0.19

Diluted Earnings Per Unit:
 
 
 
 
 
 
 
(Loss) Income from Continuing Operations Available to Unitholders
$
(0.03
)
 
$
(0.06
)
 
$
0.01

 
$
0.01

(Loss) Income from Discontinued Operations Attributable to Unitholders
$
(0.02
)
 
$
0.11

 
$
0.03

 
$
0.17

Net (Loss) Income Available to Unitholders
$
(0.05
)
 
$
0.05

 
$
0.04

 
$
0.18

Weighted Average Units —Basic
105,477

 
112,808

 
114,089

 
114,089

LTIP Unit Awards

 

 
407

 
485

Weighted Average Units —Diluted
105,477

 
112,808

 
114,496

 
114,574

 
 
Year Ended December 31, 2012
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Total Revenues
$
67,696

 
$
68,909

 
$
67,313

 
$
71,525

Equity in Income of Other Real Estate Partnerships
1,098

 
2,468

 
1,946

 
2,244

Equity in Income of Joint Ventures
91

 
37

 
28

 
1,403

Loss from Continuing Operations
(5,123
)
 
(13,374
)
 
(370
)
 
(3,466
)
Income from Discontinued Operations
6,227

 
3,030

 
5,786

 
1,095

Gain on Sale of Real Estate

 

 
3,777

 

Net Income (Loss)
1,104

 
(10,344
)
 
9,193

 
(2,371
)
Preferred Unit Distributions
(4,762
)
 
(4,798
)
 
(4,725
)
 
(4,662
)
Redemption of Preferred Units

 

 

 
(1,804
)
Net (Loss) Income Available to Unitholders and Participating Securities
(3,658
)
 
(15,142
)
 
4,468

 
(8,837
)
Income from Discontinued Operations Allocable to Participating Securities

 

 
(34
)
 

Net (Loss) Income Available to Unitholders
$
(3,658
)
 
$
(15,142
)
 
$
4,434

 
$
(8,837
)
Basic and Diluted Earnings Per Unit:
 
 
 
 
 
 
 
Loss from Continuing Operations Available to Unitholders
$
(0.11
)
 
$
(0.19
)
 
$
(0.01
)
 
$
(0.10
)
Income from Discontinued Operations Attributable to Unitholders
$
0.07

 
$
0.03

 
$
0.06

 
$
0.01

Net (Loss) Income Available to Unitholders
$
(0.04
)
 
$
(0.16
)
 
$
0.05

 
$
(0.09
)
Weighted Average Units —Basic and Diluted
91,811

 
93,106

 
98,432

 
102,599