DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Jun. 30, 2012

DISCONTINUED OPERATIONS (Tables)

REVENUE AND EXPENSES PROPERTIES SOLD

The following table summarizes revenue and expense information for the properties sold and held for sale (dollars in thousands): 

	For the Six Months Ended
	June 30,
	2012			2011
Revenue
Rental	$	-		$	159
		-			159
Expenses
Property operations		1			35
General and administration		8			2
Provision on impairment of real estate assets		-			1,474
Interest		-			83
		9			1,594
Loss from discontinued operations before gains on sale of real estate, taxes, and fees		(9	)		(1,435	)
Gain (loss) on sale of discontinued operations		-			-
Loss from discontinued operations	$	(9	)	$	(1,435	)
Tax benefit		3			502
Net loss from discontinued operations	$	(6	)	$	(933	)