Real Estate Activities (Tables)

3 Months Ended

Mar. 31, 2014

Investments in real estate as of March 31, 2014 and December 31, 2013 were comprised of the following:



(in thousands of dollars)	As of March 31, 2014			As of December 31, 2013
Buildings, improvements and construction in progress	$	3,068,536		$	3,049,758
Land, including land held for development	482,646			478,110
Total investments in real estate	3,551,182			3,527,868
Accumulated depreciation	(1,040,630		)	(1,012,746		)
Net investments in real estate	$	2,510,552		$	2,515,122

Summary of Capitalized Salaries, Commissions and Benefits, Real Estate Taxes and Interest

The following table summarizes our capitalized salaries, commissions and benefits, real estate taxes and interest for the three months ended March 31, 2014 and 2013:



	Three Months Ended March 31,
(in thousands of dollars)	2014		2013
Development/Redevelopment Activities:
Salaries and benefits	$	394	$	176
Interest	103		76
Leasing Activities:
Salaries, commissions and benefits	1,420		1,537

Summary of Revenue and Expense Information for Discontinued Operations

following table summarizes revenue and expense information for the three months ended March 31, 2013 for these discontinued operations (there were no operating results for these properties from discontinued operations in the three months ended March 31, 2014):



	Three Months Ended March 31,
(in thousands of dollars)	2013
Real estate revenue	$	4,143
Expenses:
Operating expenses	(2,086		)
Depreciation and amortization	(365		)
Interest expense	(671		)
Total expenses	(3,122		)
Operating results from discontinued operations	1,021
Gains on sales of discontinued operations	33,254
Income from discontinued operations	$	34,275

- 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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