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Discontinued Operations (UNITED DOMINION REALTY, L.P.)
 12 Months Ended
Dec. 31, 2015
United Dominion Reality L.P.  
Entity Information [Line Items]  
DISCONTINUED OPERATIONS
DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE
Effective January 1, 2014, UDR, L.P. prospectively adopted ASU No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, for all communities not previously sold or classified as held for sale. The standard had a material impact on the Operating Partnership’s consolidated financial statements. As a result of adopting the ASU, during the year ended December 31, 2014, gains, net of tax, of $62.5 million from disposition of real estate, excluding a $1.1 million gain related to the sale of land, are included in Gain/(loss) on sale of real estate owned on the Consolidated Statements of Operations rather than in Income/(loss) from discontinued operations on the Consolidated Statements of Operations.
Prior to the prospective adoption of ASU 2014-08, FASB Accounting Standards Codification ("ASC") Subtopic 205-20 required, among other things, that the primary assets and liabilities and the results of operations of the Operating Partnership’s real properties that have been sold or are held for disposition, be classified as discontinued operations and segregated in UDR, L.P.’s Consolidated Statements of Operations and Consolidated Balance Sheets. Consequently, the primary assets and liabilities and the net operating results of those properties sold or classified as held for disposition prior to January 1, 2014 are accounted for as discontinued operations for all periods presented. This presentation does not have an impact on net income available to common stockholders; it only results in the reclassification of the operating results within the Consolidated Statements of Operations for the periods ended December 31, 2015, 2014, and 2013.
During the year ended December 31, 2013, the Operating Partnership sold two communities in the Sacramento market with 914 apartment homes for gross proceeds of $81.1 million. At December 31, 2015 and 2014, the Operating Partnership had no communities that met the criteria to be classified as held for sale and included in Income/(loss) from discontinued operations on the Consolidated Statements of Operations.
During the years ended December 31, 2015, 2014, and 2013, the Operating Partnership recognized net gain/(loss) on the sale of depreciable properties of $0.0, $0.0, and $41.5 million, respectively, in Income/(loss) from discontinued operations on the Consolidated Statements of Operations.
The following is a summary of income from discontinued operations for the years ended December 31, 2015, 2014, and 2013 (dollars in thousands):
 
Year Ended December 31,
 
2015
 
2014
 
2013
Rental income
$
—

 
$
—

 
$
8,989

Rental expenses
—

 
—

 
3,149

Property management
—

 
—

 
247

Real estate depreciation
—

 
—

 
1,935

Income/(loss) attributable to disposed properties
—

 
—

 
3,658

Net gain/(loss) on the sale of depreciable properties
—

 
—

 
41,518

Income/(loss) from discontinued operations
$
—

 
$
—

 
$
45,176