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Gain on Sales of Real Estate | 9 Months Ended
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Sep. 30, 2015
Gain on Sales of Real Estate |
Gain on Sales of Real Estate | 13.Gain on Sales of Real Estate During the third quarter of 2015, we sold eight properties for $21.5 million, which resulted in a gain of $6.2 million. During the first nine months of 2015, we sold 22 investment properties for $52.0 million, which resulted in a gain of $17.1 million. The results of operations for these properties are presented within continuing operations. During the third quarter of 2014, we sold 11 properties for $33.8 million, which resulted in a gain of $11.0 million. During the first nine months of 2014, we sold 28 properties for $53.6 million, which resulted in a gain of $16.8 million. Only the results of operations specifically related to the properties classified as held for sale at December 31, 2013 and sold during the first nine months of 2014 have been reclassified as discontinued operations, which was $2.6 million for the nine months ended September 30, 2014. During the first nine months of 2015, Crest Net Lease, Inc., or Crest, did not sell any properties. During the first nine months of 2014, Crest sold one property for $820,000, which did not result in a gain. The results of operations for this property were reclassified as discontinued operations.

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- Definition Element represents certain disclosures of real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures, including gains on sales of investment properties. This element may be used as a single block of text to encapsulate the entire real estate disclosure including data and tables. + References No definition available. + Details
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- References No definition available. + Details
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