Dispositions of Real Estate and Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2014

Dispositions of Real Estate and Discontinued Operations

Summary of income from discontinued operations, impairments and gain on sales of real estate included in discontinued operations

The following table summarizes income from discontinued operations, impairments and gain on sales of real estate included in discontinued operations (dollars in thousands):


	Year Ended December 31,
	2014		2013		2012
Rental and related revenues	$	1,810	$	16,649	$	33,777
Depreciation and amortization expenses		—		5,862		12,808
Operating expenses		54		3,929		3,304
Other expense, net		20		979		3,467
Income before impairments and gain on sales of real estate, net of income taxes	$	1,736	$	5,879	$	14,198
Impairments	$	—	$	1,372	$	—
Gain on sales of real estate, net of income taxes	$	28,010	$	69,866	$	31,454
Number of properties included in discontinued operations		3		16		20

- 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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