The following table reflects each segment’s contribution to consolidated revenues and NOI together with a reconciliation of segment contribution to property NOI to consolidated net income (loss) in 2012, 2011 and 2010. Additionally, substantially all of the Company’s assets relate to the Company’s property rental operations. Asset cost, depreciation and amortization by segment are not presented because such information at the segment level is not reported internally.


	Year ended December 31,
	2012			2011			2010
Revenues
Fully stabilized communities	$	302,132		$	282,376		$	263,394
Development and lease-up communities		1,779			-			-
Acquired communities		7,101			117			-
Other property segments		23,049			21,905			20,749
Other		850			918			995

Consolidated revenues	$	334,911		$	305,316		$	285,138

Contribution to Property Net Operating Income
Fully stabilized communities	$	186,343		$	171,499		$	153,767
Development and lease-up communities		(5	)		-
Acquired communities		4,207			70			-
Other property segments, including corporate management expenses		(162	)		419			(1,002	)

Consolidated property net operating income		190,383			171,988			152,765

Interest income		393			1,021			841
Other revenues		850			918			995
Depreciation		(80,145	)		(75,263	)		(74,497	)
Interest expense		(46,419	)		(56,791	)		(54,613	)
Amortization of deferred financing costs		(2,695	)		(2,797	)		(2,987	)
General and administrative		(16,342	)		(16,100	)		(16,443	)
Investment and development		(1,317	)		(1,161	)		(2,415	)
Other investment costs		(1,401	)		(1,435	)		(2,417	)
Impairment, severance and other costs		-			-			(35,091	)
Gains on condominium sales activities, net		36,273			10,514			6,161
Equity in income of unconsolidated real estate entities, net		7,995			1,001			18,739
Other income (expense), net		1,034			619			(874	)
Net gain (loss) on extinguishment of indebtedness		(4,318	)		(6,919	)		2,845

Net income (loss)	$	84,291		$	25,595		$	(6,991	)