Discontinued Operations

3 Months Ended

Mar. 31, 2012

Discontinued Operation, Income (Loss) from Discontinued Operation Disclosures [Abstract]

Discontinued Operations

Discontinued Operations

Included in discontinued operations for the three months ended March 31, 2012 is a gain on sale or acquisition of real estate of $282 thousand that relates the to the settlement of escrow reserves established with the March 29, 2011 sale of Toronto Dundas Square, and the operations of and an impairment charge related to the Pope Valley winery which was held for sale as of March 31, 2012. Including in discontinued operations for the three months ended March 31, 2011 are the operations of the prior mentioned properties as well as the operations of the Gary Farrell winery sold on April 28, 2011 and the EOS Winery which was sold on September 20, 2011.

The operating results relating to discontinued operations are as follows (in thousands):

	Three Months Ended March 31,
	2012			2011
Rental revenue	$	—		$	4,003
Tenant reimbursements	—			2,346
Mortgage and other financing income	—			4
Total revenue	—			6,353
Property operating expense	5			2,948
Other expense	34			55
Costs associated with loan refinancing or payoff	—			225
Interest expense, net	(11		)	21
Impairment charges	801			1,800
Depreciation and amortization	—			1,998
Loss before gain on sale or acquisition of real estate	(829		)	(694		)
Gain on sale or acquisition of real estate	282			18,293
Net income	$	(547	)	$	17,599