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DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2012

Summary of revenue and expense information for the properties sold and held for sale

The following table summarizes revenue and expense information for these properties sold and held-for-sale (dollars in thousands):

	For Years Ended December 31,
	2011			2010
Revenues
Rental	$	18,215		$	38,110
		18,215			38,110
Expenses (Other Income)
Property operations		(10,243	)		(21,013	)
Other income		-			4,065
Interest		(7,212	)		(15,819	)
General and administration		(1,148	)		(697	)
Depreciation		(4,032	)		(7,755	)
Provision on impairment of real estate assets		(8,005	)		(1,923	)
		(30,640	)		(43,142	)
Net loss from discontinued operations before gains on sale of real estate, taxes and fees		(12,425	)		(5,032	)
Gain on sale of discontinued operations		18,300			10,781
Earnings from unconsolidated subsidiaries and investees		453			203
Income from discontinued operations		6,328			5,952
Income tax expense		(2,215	)		(2,083	)
Income from discontinued operations	$	4,113		$	3,869

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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