Gain on Sales of Investment Properties

3 Months Ended

Mar. 31, 2012

Gain on Sales of Investment Properties [Abstract]

Gain on Sales of Investment Properties

11.       Gain on Sales of Investment Properties

During the first three months of 2012, we sold five investment properties for $3.6 million, which resulted in a gain of $611,000. In comparison, during the first three months of 2011, we sold three investment properties for $1.1 million, which resulted in a gain of $129,000. The results of operations for these properties have been reclassified as discontinued operations.