ACQUISITION AND DISPOSITION OF REAL ESTATE AND DISCONTINUED OPERATIONS (Tables)

3 Months Ended

Mar. 31, 2013

Restructuring Cost and Reserve [Line Items]

Combined Assets and Liabilities and Results of Operations of the Properties Classified as Discontinued Operations

The combined assets and liabilities as of March 31, 2013 and December 31, 2012, and the results of operations of the properties classified as discontinued operations for the three months ended March 31, 2013 and March 31, 2012, respectively, are summarized as follows:

BALANCE SHEET
ASSETS	March 31, 2013		December 31, 2012
(dollars in thousands)
Net real estate	$	19,468	$	19,400
Rents receivable, net	875		917
Deferred charges, net	360		612
Prepaid expenses and other assets	311		1,132
Total assets of discontinued operations	$	21,014	$	22,061
LIABILITIES
Mortgage notes payable	$	9,178	$	9,208
Accounts payable and accrued expenses	2,124		3,125
Other liabilities	609		765
Total liabilities of discontinued operations	$	11,911	$	13,098

4. ACQUISITION OF REAL ESTATE AND DISCONTINUED OPERATIONS (continued)

Discontinued Operations (continued)

	Three Months Ended
STATEMENTS OF OPERATIONS	March 31,
(dollars in thousands)	2013			2012
Total revenues	$	1,170		$	9,713
Total expenses	773			7,386
Income from discontinued operations	397			2,327
Income from discontinued operations attributable to noncontrolling interests	(348		)	(1,805		)
Income from discontinued operations attributable to Common Shareholders	$	49		$	522

Acquisitions in 2013

Restructuring Cost and Reserve [Line Items]

Preliminary Schedule of Purchase Price Allocation

The following table summarizes the Company's preliminary allocations of the purchase prices of assets acquired and liabilities assumed during 2013:

(dollars in thousands)	Preliminary Purchase Price Allocations (1)
Land	$	22,182
Buildings and improvements	83,865
Total consideration	$	106,047

Note:

(1) Represents preliminary allocations for 2013 acquisitions where purchase price allocations have not been finalized.

Acquisitions in 2012

Restructuring Cost and Reserve [Line Items]

Preliminary Schedule of Purchase Price Allocation

The following table summarizes the preliminary allocations of the purchase prices of these properties as recorded as of December 31, 2012, and the finalized allocations of the purchase prices as adjusted as of March 31, 2013:

(dollars in thousands)	Finalized Purchase Price Allocations		Preliminary Purchase Price Allocations
Land	$	4,933	$	5,175
Buildings and improvements	14,587		15,525
Acquisition-related intangible assets (in Acquired lease intangibles, net)	1,180		—
Total consideration	$	20,700	$	20,700