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Discontinued Operations
 3 Months Ended
Mar. 31, 2014
Discontinued Operations

12.

DISCONTINUED OPERATIONS

The Company sold nine properties (including two properties held for sale at December 31, 2013) during the three-month period ended March 31, 2014. In addition, the Company sold 39 properties in 2013. These asset sales are included in discontinued operations for the three-month periods ended March 31, 2014 and 2013. The operating results related to assets sold as of March 31, 2014, are as follows (in thousands):

 

 

Three-Month Periods
Ended March 31,

 

 

2014

 

  

2013

 

Revenues

$

1,765

 

 

$

11,306

 

Operating expenses

 

664

 

 

 

3,486

 

Impairment charges

 

—

 

 

 

7,679

 

Interest, net

 

330

 

 

 

2,616

 

Depreciation and amortization

 

536

 

 

 

3,277

 

 

 

1,530

 

 

 

17,058

 

Income (loss) from discontinued operations

 

235

 

 

 

(5,752

)

Gain on disposition of real estate, net of tax

 

10,695

 

 

 

601

 

Income (loss) from discontinued operations

$

10,930

 

 

$

(5,151

)