Real Estate Properties (Tables)

9 Months Ended

Sep. 30, 2013

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

Balance Sheets:

	September 30, 2013		December 31, 2012
Real estate properties	$	631,057	$	164,041
Acquired real estate leases	9,416		453
Rents receivable	16,941		2,791
Other assets, net	20,836		4,547
Properties held for sale	$	678,250	$	171,832

Mortgage notes payable, net	$	20,127	$	—
Assumed real estate lease obligations	2,328		21
Rent collected in advance	4,202		854
Security deposits	3,665		1,464
Liabilities related to properties held for sale	$	30,322	$	2,339

Statements of Operations:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Rental income	$	27,619		$	34,859		$	89,399		$	105,694
Operating expenses	(17,417		)	(20,572		)	(54,226		)	(59,533		)
Depreciation and amortization	(8,157		)	(11,084		)	(24,289		)	(33,717		)
General and administrative	(1,761		)	(2,027		)	(5,553		)	(6,076		)
Operating income	284			1,176			5,331			6,368

Interest and other income	1			—			13			80
Interest expense	(313		)	(402		)	(954		)	(1,557		)
(Loss) income from discontinued operations	$	(28	)	$	774		$	4,390		$	4,891

- 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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