Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2012

Discontinued Operations and Disposal Groups [Abstract]

Components of discontinued operations

	Nine Months Ended September 30,						Quarter Ended September 30,
	2012			2011			2012			2011
REVENUES
Rental income	$	27,764		$	140,541		$	4,014		$	21,850
Total revenues	27,764			140,541			4,014			21,850
EXPENSES (1)
Property and maintenance	8,420			60,583			1,611			7,125
Real estate taxes and insurance	2,010			10,995			309			2,125
Property management	211			198			70			66
Depreciation	7,602			28,967			1,428			5,762
General and administrative	71			49			31			2
Total expenses	18,314			100,792			3,449			15,080
Discontinued operating income	9,450			39,749			565			6,770
Interest and other income	79			150			34			46
Interest (2):
Expense incurred, net	(1,381		)	(4,086		)	(341		)	(942		)
Amortization of deferred financing costs	(65		)	(869		)	(9		)	(71		)
Income and other tax (expense) benefit	48			31			(1		)	93
Discontinued operations	8,131			34,975			248			5,896
Net gain on sales of discontinued operations	307,447			759,100			103,394			76,864
Discontinued operations, net	$	315,578		$	794,075		$	103,642		$	82,760

(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.