Discontinued Operations

3 Months Ended

Mar. 31, 2012

Discontinued Operations [Abstract]

DISCONTINUED OPERATIONS

13. DISCONTINUED OPERATIONS

The Company sold six properties during the three-month period ended March 31, 2012 and had four properties held for sale at March 31, 2012. In addition, the Company sold 34 properties in 2011. These asset sales are included in discontinued operations for the three-month periods ended March 31, 2012 and 2011. The balance sheet related to the assets held for sale and the operating results related to assets sold or designated as held for sale as of March 31, 2012, are as follows (in thousands):

	March 31, 2012
Land	$	2,549
Buildings		22,577
Fixtures and tenant improvements		3,211
Land held for development and construction in progress		22
		28,359
Less: Accumulated depreciation		(20,334	)
Total assets held for sale	$	8,025

	Three-Month Periods Ended March 31,
	2012			2011
Revenues	$	1,370		$	11,039
Operating expenses		735			4,329
Impairment charges		3,854			1,983
Interest, net		142			3,039
Depreciation and amortization		289			3,017
		5,020			12,368
Loss before disposition of real estate		(3,650	)		(1,329	)
Gain on disposition of real estate, net of tax		70			244
Loss from discontinued operations	$	(3,580	)	$	(1,085	)