Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2011

Discontinued Operations (Tables) [Abstract]



	Year Ended December 31,
	2011			2010			2009
REVENUES
Rental income	$	96,156		$	289,921		$	376,310
Total revenues	96,156			289,921			376,310

EXPENSES (1)
Property and maintenance	47,972			115,215			144,166
Real estate taxes and insurance	6,152			23,306			34,750
Depreciation	16,653			60,257			81,649
General and administrative	53			42			43
Total expenses	70,830			198,820			260,608

Discontinued operating income	25,326			91,101			115,702

Interest and other income	184			800			127
Other expenses	—			—			(11		)
Interest (2):
Expense incurred, net	(203		)	(10,070		)	(11,654		)
Amortization of deferred financing costs	(840		)	(292		)	(800		)
Income and other tax (expense) benefit	243			(86		)	1,073

Discontinued operations	24,710			81,453			104,437
Net gain on sales of discontinued operations	826,489			297,956			335,299

Discontinued operations, net	$	851,199		$	379,409		$	439,736


(1)	Includes expenses paid in the current period for properties sold or held for sale in prior periods related to the Company’s period of ownership.


(2)	Includes only interest expense specific to secured mortgage notes payable for properties sold and/or held for sale.

- 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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