Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Components from Discontinued Operations

The Company has recorded the gains on sales and operations for these various assets sold described above as part of discontinued operations in the accompanying consolidated statements of 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):

	2013			2012			2011

Revenues	$	4,454		$	5,848		$	9,133

Property operating expenses		(1,406	)		(2,181	)		(3,584	)
Depreciation and amortization		(1,098	)		(1,513	)		(2,534	)
Expenses		(2,504	)		(3,694	)		(6,118	)

Operating income from real estate sold		1,950			2,154			3,015

Gain on sale of real estate		29,223			10,870			8,382
Internal disposition costs		-			(1,087	)		(839	)
Income from discontinued operations	$	31,173		$	11,937		$	10,558

- 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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