Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2012

Discontinued Operations (Tables) [Abstract]



	Quarter Ended March 31,
	2012			2011
REVENUES
Rental income	$	2,931		$	60,157
Total revenues	2,931			60,157

EXPENSES (1)
Property and maintenance	422			26,019
Real estate taxes and insurance	250			4,362
Depreciation	371			10,908
General and administrative	4			11
Total expenses	1,047			41,300

Discontinued operating income	1,884			18,857

Interest and other income	25			5
Other expenses	—			(4		)
Interest (2):
Expense incurred, net	(7		)	(522		)
Amortization of deferred financing costs	—			(69		)
Income and other tax (expense) benefit	(80		)	(42		)

Discontinued operations	1,822			18,225
Net gain on sales of discontinued operations	132,956			123,754

Discontinued operations, net	$	134,778		$	141,979


(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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