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Real Estate Disposition Activities (Tables)
12 Months Ended
Dec. 31, 2013
Real Estate Disposition Activities  
Details regarding the real estate sales

Details regarding the real estate sales are summarized in the following table (dollars in thousands):

Community Name
  Location   Period
of sale
  Apartment
homes
  Debt   Gross
sales price
  Net
proceeds
 

Crystal House I & II

  Arlington, VA     Q113     827   $   $ 197,150   $ 196,583  

Avalon at Decoverly

  Rockville, MD     Q113     564         135,250     131,338  

Avalon at Dublin Station I

  Dublin, CA     Q213     305         105,400     104,218  

Archstone Vanoni Ranch

  Ventura, CA     Q413     316         82,000     80,668  

Avalon on the Sound East

  New Rochelle, NY     Q413     588         210,000     206,138  

Archstone Wheaton Station

  Wheaton, MD     Q413     243         57,000     56,306  

Avalon Rosewalk

  San Jose, CA     Q413     456         146,000     144,191  
                             

Total of 2013 asset sales(1)

              3,299   $   $ 932,800   $ 919,442  
                             
                             

Total of 2012 asset sales

              1,578   $   $ 280,550   $ 274,018  
                             
                             

Total of 2011 asset sales

              1,038   $   $ 292,965   $ 287,358  
                             
                             

(1)
Total of 2013 asset sales excludes the disposition of development rights located in Hingham, MA and Brooklyn, NY, for total net proceeds of $1,313.
Summary of income from discontinued operations

The following is a summary of income from discontinued operations for the periods presented (dollars in thousands):

 
  For the year ended  
 
  12-31-13   12-31-12   12-31-11  

Rental income

  $ 42,874   $ 63,406   $ 89,290  

Operating and other expenses

    (12,661 )   (19,437 )   (36,996 )

Interest expense, net

        (133 )   (4,808 )

Loss on extinguishment of debt

        (602 )   (3,880 )

Depreciation expense

    (13,500 )   (16,414 )   (23,541 )
               

Income (loss) from discontinued operations

  $ 16,713   $ 26,820   $ 20,065