DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Jun. 30, 2017

Summary of Disposition and Each Property's Contribution

The below table summarizes the current year dispositions and also presents each property’s contribution to net income (loss) allocable to common shares, excluding the impact of the gain (loss) on sale:

								Net income (loss) allocable to common shares
Property Name	Property Type	Date of Sale	Sale Price		Gain (loss) on sale			For the Three Months Ended June 30, 2017			For the Six Months Ended June 30, 2017
Tuscany Bay	Multifamily	1/6/2017	$	36,650	$	7,657		$	(5	)	$	2
Emerald Bay	Multifamily	3/8/2017		23,750		772			(46	)		135
Tiffany Square	Office	3/9/2017		12,175		113			(3	)		64
Oyster Point	Multifamily	3/28/2017		11,500		(82	)		(16	)		(14	)
Executive Center	Office	3/31/2017		10,600		437			(16	)		121
MGS	Land	3/31/2017		300		-			-			-
100 E. Lancaster	Office	4/13/2017		4,575		14			17			76
UBS Tower	Office	5/9/2017		14,150		-			(9	)		(39	)
South Plaza (Parcel Sale)	Retail	5/24/2017		11,478		1,481			213			443
South Terrace	Multifamily	6/30/2017		42,950		9,189			154			319
Total			$	168,128	$	19,581		$	289		$	1,107

Discontinued Operations of IRT

Summary of Disposition and Each Property's Contribution

The table below presents the statements of operations of these entities or distinguishable components of RAIT that are discontinued operations for the three and six months ended June 30, 2017 and 2016:

	For the Three Months Ended June 30,					For the Six Months Ended June 30,
	2017		2016			2017		2016
Revenue:
Property income	$	—	$	38,233		$	—	$	76,900
Fee and other income		—		861			—		1,599
Total revenue		—		39,094			—		78,499
Expenses:
Interest expense		—		8,923			—		18,635
Real estate operating expense		—		15,623			—		31,481
Compensation expense		—		2,002			—		3,875
General and administrative expense		—		1,092			—		2,350
Acquisition expense		—		159			—		319
Depreciation and amortization expense		—		7,672			—		19,275
Total expenses		—		35,471			—		75,935
Operating (Loss) Income		—		3,623			—		2,564
Interest and other income (expense), net		—		—			—		—
Gains (losses) on assets		—		29,811			—		32,264
Gain (loss) on IRT merger with TSRE		—		—			—		91
TSRE financing extinguishment and employee separation expenses		—		—			—		—
Gains (losses) on extinguishments of debt		—		(558	)		—		(558	)
Net income (loss) from discontinued operations	$	—	$	32,876		$	—	$	34,361

The table below summarizes the cash flows provided by operating, financing and investing activities of these entities or distinguishable components of RAIT that are discontinued operations for the six months ended June 30, 2017 and 2016:

	For the Six Months Ended June 30,
	2017		2016
Cash flow from operating activities from discontinued operations	$	—	$	18,951
Cash flow from investing activities from discontinued operations		—		32,987
Cash flow from financing activities from discontinued operations		—		(62,084	)
Net change in cash and cash equivalents from discontinued operations		—		(10,146	)
Cash and cash equivalents at beginning of period - discontinued operations		—		38,305
Cash and cash equivalents at end of period - discontinued operations	$	—	$	28,159