Dispositions of Real Estate and Discontinued Operations

3 Months Ended

Mar. 31, 2013

Dispositions of Real Estate and Discontinued Operations

Dispositions of Real Estate and Discontinued Operations

(4)   Dispositions of Real Estate and Discontinued Operations

During the three months ended March 31, 2012, the Company sold a medical office building for $7 million.

At March 31, 2012, three properties were classified as held for sale, with a combined aggregate carrying value of $98 million. There were no properties classified as held for sale or reported as discontinued operations as of or during the three months ended March 31, 2013.

The following table summarizes operating loss from discontinued operations and gain on sales of real estate included in discontinued operations for the three months ended March 31, 2012 (dollars in thousands):

Rental and related revenues	$	3,430
Depreciation and amortization expenses	2,996
Operating expenses	18
Other expense, net	901
Net loss before gain on sales of real estate	$	(485	)
Gain on sales of real estate, net of income taxes	$	2,856
Number of properties included in discontinued operations	4