Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

Components of discontinued operations

The components of discontinued operations are outlined below and include the results of operations for the respective periods that the Company owned such assets during the six months and quarters ended June 30, 2013 and 2012 (amounts in thousands).

	Six Months Ended June 30,						Quarter Ended June 30,
	2013			2012			2013			2012
REVENUES
Rental income	$	73,144		$	198,955		$	8,313		$	98,628
Total revenues	73,144			198,955			8,313			98,628
EXPENSES (1)
Property and maintenance	23,062			47,382			6,707			22,977
Real estate taxes and insurance	7,304			15,420			468			10,029
Property management	1			141			—			71
Depreciation	22,160			58,833			2,465			27,560
General and administrative	71			43			64			39
Total expenses	52,598			121,819			9,704			60,676
Discontinued operating income (loss)	20,546			77,136			(1,391		)	37,952
Interest and other income	91			47			38			19
Other expenses	(3		)	(147		)	(1		)	(30		)
Interest (2):
Expense incurred, net	(1,258		)	(2,362		)	(6		)	(1,279		)
Amortization of deferred financing costs	(228		)	(92		)	—			(46		)
Income and other tax (expense) benefit	(463		)	24			(405		)	128
Discontinued operations	18,685			74,606			(1,765		)	36,744
Net gain on sales of discontinued operations	1,588,874			204,053			389,952			71,097
Discontinued operations, net	$	1,607,559		$	278,659		$	388,187		$	107,841

(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.