Discontinued Operations

9 Months Ended

Sep. 30, 2012

Discontinued Operations [Abstract]

Discontinued Operations

13. Discontinued Operations

Certain of the Trust’s properties which were sold in 2011 are classified as discontinued operations including Lafayette, Louisiana, St. Louis, Missouri and Knoxville, Tennessee. During 2012 the Trust’s net lease retail property in Memphis, Tennessee and its office property in Indianapolis, Indiana were sold and are included in discontinued operations.

Results for discontinued operations for the three and nine months ended September 30, 2012 and 2011 are as follows (in thousands):

	For the Three Months Ended						For the Nine Months Ended
	September 30, 2012			September 30, 2011			September 30, 2012			September 30, 2011
Revenues	$	152		$	470		$	1,059		$	1,631
Termination fee income		592			—			592			—
Operating expenses		(276	)		(369	)		(757	)		(1,004	)
Interest expense		(671	)		(66	)		(800	)		(197	)
Depreciation and amortization		(232	)		(75	)		(400	)		(230	)
Impairment loss		(698	)		—			(698	)		—
Gain (loss) on sale of assets held for sale		945			(58	)		945			(58	)
(Loss) income from discontinued operations	$	(188	)	$	(98	)	$	(59	)	$	142

The Trust incurred $574,000 of cost related to the defeasance of the debt in connection with the sale of its office property in Indianapolis, Indiana. This cost is included in interest expense for the three and nine months ended September 30, 2012.