Gain on Sales of Real Estate

6 Months Ended

Jun. 30, 2016

Gain on Sales of Real Estate

Gain on Sales of Real Estate

12.Gain on Sales of Real Estate

During the second quarter of 2016, we sold 16 properties for $24.5 million, which resulted in a gain of $8.7 million.  During the first six months of 2016, we sold 27 properties for $35.5 million, which resulted in a gain of $10.9 million.

During the second quarter of 2015, we sold five properties for $8.2 million, which resulted in a gain of $3.7 million. During the first six months of 2015, we sold 14 properties for $30.5 million, which resulted in a gain of $10.9 million.