DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Jun. 30, 2013

Summary of information about revenue and expense related to properties classified as discontinued operations

The following table summarizes the revenue and expense information for the period the Company owned the properties classified as discontinued operations during the three and six months ended June 30, 2013 and 2012 (in thousands):

	Three months ended June 30,				Six months ended June 30,
	2013		2012		2013		2012

REVENUES
Rental income	$	-	$	2,706	$	389	$	5,497
Other property related income	5		347		78		643
Total revenues	5		3,053		467		6,140
OPERATING EXPENSES
Property operating expenses	13		1,469		234		2,812
Depreciation and amortization	-		617		57		1,297
Total operating expenses	13		2,086		291		4,109
OPERATING (LOSS) INCOME	(8)		967		176		2,031
(Loss) Income from discontinued operations	(8)		967		176		2,031
Gain on disposition of discontinued operations	-		6,206		228		6,206
(Loss) Income from discontinued operations	$	(8)	$	7,173	$	404	$	8,237

- 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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