Property Acquisitions, Discontinued Operations, And Assets Held For Sale (Tables)

9 Months Ended

Sep. 30, 2013

Property Acquisitions, Discontinued Operations, And Assets Held For Sale [Abstract]

Fair value summary of assets acquired and liabilities assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed for the acquisition of the operating properties described above as of the acquisition date (in millions):

Assets acquired:
	Buildings and improvements	$	192.0
	Land	29.5
	Intangible and other assets	4.5
Total assets acquired		$	226.0
Liabilities assumed:
	Other liabilities	$	1.9
Total liabilities assumed		$	1.9
	Net assets acquired	$	224.1

Summary of income from discontinued operations

The following is a summary of income from discontinued operations for the three and nine months ended September 30, 2013 and 2012:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(in thousands)	2013			2012			2013			2012
Property revenues	$	4,455		$	13,545		$	14,988		$	40,528
Property expenses	(1,891		)	(6,181		)	(6,391		)	(18,614		)
	$	2,564		$	7,364		$	8,597		$	21,914
Interest	—			—			—			(36		)
Depreciation and amortization	(908		)	(3,400		)	(3,301		)	(10,714		)
Income from discontinued operations	$	1,656		$	3,964		$	5,296		$	11,164
Gain on sale of discontinued operations, net of tax	$	34,410		$	—		$	91,059		$	32,541