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Discontinued Operations Discontinued Operations (Tables)
9 Months Ended
Sep. 30, 2013
Discontinued Operations and Disposal Groups [Abstract]  
Disclosure of Long Lived Assets Held-for-sale [Table Text Block]
The following table summarizes balance sheet information for one property designated as held-for-sale as of September 30, 2013 (in thousands);
 
 
September 30,
 
 
2013
Real Estate Investments:
 
 
Operating properties
 
$
3,724

Accumulated depreciation
 
(1,399
)
 
 
2,325

Construction-in-progress
 

 
 
2,325

Other assets
 
46

Total assets held for sale
 
$
2,371

Long Lived Assets Held-for-sale [Line Items]  
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]
For the three and nine-month periods ended September 30, 2013, income from discontinued operations relates to the twelve properties sold by the Company during 2013, as well as one property located in West Chester, Pennsylvania designated as held-for-sale as of September 30, 2013. The Company determined the property met the criteria for assets held-for-sale pursuant to the related requirements provided for the classification as held for sale under the accounting standard for long lived assets. Accordingly, at September 30, 2013, the property is required to be measured at the lower of its carrying value or the estimated fair value less costs to sell. No provision for impairment was recognized at September 30, 2013 as the estimated fair value of the property less costs to sell are higher than the carrying value based on a purchase and sale agreement. The following table summarizes the revenue and expense information for properties classified as discontinued operations for the three and nine-month periods ended September 30, 2013 (in thousands):
 
Three-month period ended September 30, 2013
 
Nine-month period ended
 September 30, 2013
Revenue:
 
 
 
Rents
$

 
$
4,129

Tenant reimbursements
3

 
334

Other

 
123

Total revenue
3

 
4,586

Expenses:
 
 
 
Property operating expenses
38

 
1,672

Real estate taxes
17

 
557

Depreciation and amortization
18

 
1,769

Total operating expenses
73

 
3,998

Other income:
 
 
 
Interest income

 
2

Income (Loss) from discontinued operations before gain on sale of interests in real estate
(70
)
 
590

Net gain (loss) on disposition of discontinued operations
(16
)
 
3,029

Income (Loss) from discontinued operations
$
(86
)
 
$
3,619


For the three and nine-month periods ended September 30, 2012, income from discontinued operations relates to the 26 properties sold by the Company from January 1, 2012 through September 30, 2013 as well as one property located in West Chester, Pennsylvania designated as held-for-sale as of September 30, 2013. The following table summarizes the revenue and expense information for properties classified as discontinued operations for the three and nine-month periods ended September 30, 2012 (in thousands):

 
Three-month period ended September 30, 2012
 
Nine-month period ended
 September 30, 2012
Revenue:
 
 
 

Rents
$
5,602

 
$
22,282

Tenant reimbursements
386

 
1,872

Termination fees
4

 
11

Other
129

 
318

Total revenue
6,121

 
24,483

Expenses:
 
 
 
Property operating expenses
1,977

 
6,863

Real estate taxes
707

 
2,717

Depreciation and amortization
1,788

 
8,106

Total operating expenses
4,472

 
17,686

Other income:
 
 
 
Interest income

 
6

Income from discontinued operations before gain on sale of interests in real estate
1,649

 
6,803

Net gain on disposition of discontinued operations
9,940

 
34,774

Income from discontinued operations
$
11,589

 
$
41,577