Discontinued Operations

9 Months Ended

Sep. 30, 2013

Discontinued Operations And Disposal Groups [Abstract]

Discontinued Operations

13. Discontinued Operations

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. During 2013 the Trust’s net lease retail properties in Denton, Texas and Seabrook, Texas and its office properties located in Deer Valley, Arizona and Andover, Massachusetts were sold and are included in discontinued operations for all periods presented. The Trust’s office property located at 701 Arboretum in Lisle, Illinois was classified as held for sale as of September 30, 2013 and is included in discontinued operations for all periods presented.

Results for discontinued operations for the three and nine months ended September 30, 2013 and 2012 are as follows (in thousands):

	For the Three Months Ended						For the Nine Months Ended
	September 30, 2013			September 30, 2012			September 30, 2013			September 30, 2012
Revenues	$	10		$	1,263		$	1,598		$	4,261
Termination fee income		—			592			—			592
Operating expenses		(94	)		(675	)		(1,028	)		(2,016	)
Interest expense		—			(685	)		—			(842	)
Depreciation and amortization		(21	)		(657	)		(589	)		(1,648	)
Gain on sale of assets		1,421			945			10,948			945
Impairment loss		(2,750	)		(698	)		(2,904	)		(698	)
(Loss) income from discontinued operations	$	(1,434	)	$	85		$	8,025		$	594