Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2011

Schedule of components from 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, as described above ($ in thousands):

	2011			2010			2009

Revenues	$	1,016		$	2,447		$	4,498

Property operating expenses		(510	)		(1,042	)		(1,760	)
Depreciation and amortization		(315	)		(700	)		(1,224	)
Expenses		(825	)		(1,742	)		(2,984	)

Operating income from real estate sold		191			705			1,514

Interest expense, secured mortgage debt		-			-			-
Gain on sale of real estate		8,382			-			8,626
Internal disposition costs		(839	)		-			(683	)
Income from discontinued operations	$	7,734		$	705		$	9,457

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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