Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations and Assets Held for Sale (Tables)

v2.3.0.15
Discontinued Operations and Assets Held for Sale (Tables)
9 Months Ended
Sep. 30, 2011
Discontinued Operations and Assets Held for Sale  
Components of discontinued operations

 

 

 

For the Three Months

 

For the Nine Months

 

 

 

Ended September 30,

 

Ended September 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

 

 

 

 

 

 

 

 

 

 

Revenue from real estate operations

 

$

3,236

 

$

3,954

 

$

9,434

 

$

12,344

 

Expenses from real estate operations:

 

 

 

 

 

 

 

 

 

Property operating expenses

 

1,057

 

1,291

 

3,784

 

4,413

 

Depreciation and amortization

 

313

 

1,242

 

3,381

 

3,528

 

Impairment losses

 

—

 

—

 

14,523

 

—

 

Expenses from real estate operations

 

1,370

 

2,533

 

21,688

 

7,941

 

Operating income from real estate operations

 

1,866

 

1,421

 

(12,254

)

4,403

 

Interest expense

 

(248

)

(452

)

(975

)

(1,208

)

Loss on early extinguishment of debt

 

(340

)

—

 

(340

)

—

 

Gain on sales of real estate

 

1,299

 

784

 

1,449

 

1,081

 

Discontinued operations

 

$

2,577

 

$

1,753

 

$

(12,120

)

$

4,276

 

Components of assets held for sale

The table below sets forth the components of assets held for sale on our consolidated balance sheets as of September 30, 2011 (in thousands):

 

Properties, net

 

$

70,278

 

Deferred rent receivable

 

974

 

Intangible assets on real estate acquisitions, net

 

543

 

Deferred leasing costs, net

 

972

 

Assets held for sale

 

$

72,767