Gain on Sales of Real Estate

6 Months Ended

Jun. 30, 2017

Gain on Sales of Real Estate

Gain on Sales of Real Estate

13.      Gain on Sales of Real Estate

During the second quarter of 2017, we sold 15 properties for $12.8 million, which resulted in a gain of $2.8 million.  During the first six months of 2017, we sold 29 properties for $44.0 million, which resulted in a gain of $13.4 million.

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.