Discontinued Operations

3 Months Ended

Mar. 31, 2012

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS

For the three-month period ended March 31, 2012, income from discontinued operations relates to the two properties that the Company sold during 2012. The following table summarizes the revenue and expense information for properties classified as discontinued operations for the three-month period ended March 31, 2012 (in thousands):

	Three-month period ended March 31, 2012
Revenue:
Rents	$	2,053
Tenant reimbursements	91
Other	1
Total revenue	2,145
Expenses:
Property operating expenses	367
Real estate taxes	270
Depreciation and amortization	951
Total operating expenses	1,588
Income from discontinued operations before gain on sale of interests in real estate	557
Net gain on disposition of discontinued operations	14,668
Income from discontinued operations	$	15,225

For the three-month period ended March 31, 2011, income from discontinued operations relates to the six properties that the Company sold from January 1, 2011 through March 31, 2012. The following table summarizes the revenue and expense information for properties classified as discontinued operations for the three-month period ended March 31, 2011 (in thousands):

	Three-month period ended March 31, 2011
Revenue:
Rents	$	3,643
Tenant reimbursements	589
Other	(63		)
Total revenue	4,169
Expenses:
Property operating expenses	1,176
Real estate taxes	490
Depreciation and amortization	1,426
Total operating expenses	3,092
Income from discontinued operations	$	1,077

Discontinued operations have not been segregated in the consolidated statements of cash flows. Therefore, amounts for certain captions will not agree with respective data in the consolidated statements of operations.