Discontinued operations

6 Months Ended

Jun. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

Discontinued operations

Discontinued operations

The following is a summary of net assets of discontinued operations and income from discontinued operations, net (in thousands):

	June 30, 2013			December 31, 2012
Properties “held for sale,” net	$	4,180		$	76,440
Other assets	7			4,546
Total assets	4,187			80,986
Total liabilities	(8		)	(3,233		)
Net assets of discontinued operations	$	4,179		$	77,753

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013		2012
Total revenues	$	241		$	8,831		$	3,737	$	18,138
Operating expenses	217			2,506			1,629		5,549
Total revenues less operating expenses	24			6,325			2,108		12,589
Depreciation expense	—			1,614			930		3,233
(Gain) loss on sale of real estate	(219		)	(2		)	121		(2		)
Income from discontinued operations, net	$	243		$	4,713		$	1,057	$	9,358

Income from discontinued operations, net, for the periods presented in the preceding table, includes the results of operations attributable to each of the respective periods for two operating properties that were classified as “held for sale” as of June 30, 2013, as well as the results of operations attributable to each of the respective periods for (and loss related to the sale of) 10 properties sold during the time span starting on the first day of the earliest period presented above (January 1, 2012) and ending on the last day of the current reporting period (June 30, 2013).  For additional discussion regarding real estate asset sales, see discussion under Note 3, Investments in Real Estate.