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Discontinued Operations
 6 Months Ended
Jun. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
11.
Discontinued Operations

The Company has presented separately as discontinued operations in all periods the results of operations for all consolidated assets disposed of and all properties held for sale, if any, for properties sold in 2013 and prior years. The amounts included in discontinued operations for the six months and quarter ended June 30, 2014 represent trailing activity for properties sold in 2013 and prior years. None of the properties sold during the six months and quarter ended June 30, 2014 met the new criteria for reporting discontinued operations. See Note 2 for further discussion.

The components of discontinued operations are outlined below and include the results of operations for the respective periods that the Company owned such assets for properties sold in 2013 and prior years during the six months and quarters ended June 30, 2014 and 2013 (amounts in thousands).

    

 
 
Six Months Ended June 30,
 
Quarter Ended June 30,
 
 
2014
 
2013
 
2014
 
2013
REVENUES
 
 
 
 
 
 
 
 
Rental income
 
$
1,275

 
$
107,956

 
$
252

 
$
26,174

Total revenues
 
1,275

 
107,956

 
252

 
26,174

 
 
 
 
 
 
 
 
 
EXPENSES (1)
 
 
 
 
 
 
 
 
Property and maintenance
 
(41
)
 
31,449

 
(89
)
 
11,025

Real estate taxes and insurance
 
(6
)
 
10,867

 
(19
)
 
2,273

Property management
 
—

 
1

 
—

 
—

Depreciation
 
—

 
30,962

 
—

 
7,146

General and administrative
 
51

 
73

 
46

 
65

Total expenses
 
4

 
73,352

 
(62
)
 
20,509

 
 
 
 
 
 
 
 
 
Discontinued operating income
 
1,271

 
34,604

 
314

 
5,665

 
 
 
 
 
 
 
 
 
Interest and other income
 
80

 
90

 
45

 
38

Other expenses
 
—

 
(3
)
 
—

 
(1
)
Interest (2):
 
 
 
 
 
 
 
 
Expense incurred, net
 
—

 
(1,258
)
 
—

 
(6
)
Amortization of deferred financing costs
 
—

 
(228
)
 
—

 
—

Income and other tax (expense) benefit
 
(13
)
 
(463
)
 
(2
)
 
(405
)
 
 
 
 
 
 
 
 
 
Discontinued operations
 
1,338

 
32,742

 
357

 
5,291

Net gain on sales of discontinued operations
 
224

 
1,588,874

 
153

 
389,952

 
 
 
 
 
 
 
 
 
Discontinued operations, net
 
$
1,562

 
$
1,621,616

 
$
510

 
$
395,243

 
(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.