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Discontinued Operations
 9 Months Ended
Sep. 30, 2013
Discontinued Operations [Abstract]  
Discontinued Operations
(10)  Discontinued Operations

The Company classifies real estate as "held for sale" when the sale is considered to be probable. In August 2013, the Company sold Linden Square, located in Seattle, Washington, for $25.3 million resulting in a gain of $12.7 million.

During the first quarter of 2012, the Company sold Tierra Del Sol/Norte, a 156 unit community located in San Diego, California for $17.2 million for a gain of $7.0 million.  Also in the first quarter of 2012, the Company sold Alpine Country, a 108 unit community located in San Diego metropolitan area, for $11.1 million for a gain of $3.9 million.

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 (dollars in thousands).
 
 
 
Three Months Ended
 September 30,
  
Nine Months Ended
September 30,
 
 
 
2013
  
2012
  
2013
  
2012
 
 
            
Rental revenues
 
$
385
  
$
552
  
$
1,578
  
$
2,275
 
Property operating expenses
  
(151
)
  
(236
)
  
(573
)
  
(997
)
Depreciation and amortization
  
(49
)
  
(144
)
  
(342
)
  
(533
)
Income from real estate sold
  
185
   
172
   
663
   
745
 
Gain on sale
  
12,658
   
-
   
12,658
   
10,870
 
Internal disposition costs and taxes
  
-
   
-
   
-
   
(1,087
)
 
                
Income from discontinued operations
 
$
12,843
  
$
172
  
$
13,321
  
$
10,528