Discontinued Operations (Tables)

9 Months Ended

Sep. 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 nine months and quarters ended September 30, 2013 and 2012 (amounts in thousands).

	Nine Months Ended September 30,						Quarter Ended September 30,
	2013			2012			2013			2012
REVENUES
Rental income	$	110,986		$	334,968		$	8,418		$	108,459
Total revenues	110,986			334,968			8,418			108,459
EXPENSES (1)
Property and maintenance	33,181			79,482			3,272			25,608
Real estate taxes and insurance	10,578			29,599			396			11,480
Property management	1			211			—			70
Depreciation	31,976			94,792			2,273			29,497
General and administrative	76			87			3			44
Total expenses	75,812			204,171			5,944			66,699
Discontinued operating income	35,174			130,797			2,474			41,760
Interest and other income	156			81			65			34
Other expenses	(3		)	(170		)	—			(23		)
Interest (2):
Expense incurred, net	(1,276		)	(3,357		)	(18		)	(995		)
Amortization of deferred financing costs	(228		)	(119		)	—			(27		)
Income and other tax (expense) benefit	(503		)	23			(40		)	(1		)
Discontinued operations	33,320			127,255			2,481			40,748
Net gain on sales of discontinued operations	1,990,577			307,447			401,703			103,394
Discontinued operations, net	$	2,023,897		$	434,702		$	404,184		$	144,142

(1) Includes expenses paid in the current period for properties sold 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.