DISCONTINUED OPERATIONS (Tables)

3 Months Ended

Mar. 31, 2013

Summary of information about revenue and expense related to properties classified as discontinued operations

The following table summarizes the revenue and expense information for the period the Company owned the properties classified as discontinued operations as of March 31, 2013 (in thousands):

	Three months ended March 31,
	2013		2012

REVENUES
Rental income	$	389	$	2,790
Other property related income	73		297
Total revenues	462		3,087
OPERATING EXPENSES
Property operating expenses	221		1,342
Depreciation and amortization	57		680
Total operating expenses	278		2,022
OPERATING INCOME	184		1,065
Income from discontinued operations	184		1,065
Gain on disposition of discontinued operations	228		-
Total discontinued operations	$	412	$	1,065

- 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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