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Discontinued Operations and Disposition of Real Estate and Real Estate Investments
 12 Months Ended
Dec. 31, 2014
Discontinued Operations And Disposal Groups [Abstract]  
Discontinued Operations and Disposition of Real Estate and Real Estate Investments

13.

Discontinued Operations and Disposition of Real Estate and Real Estate Investments

Discontinued Operations

During the year ended December 31, 2014, the Company sold 35 properties (including two properties held for sale at December 31, 2013) that were classified as discontinued operations for the years ended December 31, 2014, 2013 and 2012.  Included in discontinued operations for the three years ended December 31, 2014, are 103 properties.  

The operating results related to assets sold as of December 31, 2014, are as follows (in thousands):

 

 

For the Year Ended December 31,

 

 

2014

 

 

2013

 

 

2012

 

Revenues

$

39,537

 

 

$

81,241

 

 

$

102,552

 

Expenses:

 

 

 

 

 

 

 

 

 

 

 

Operating expenses

 

11,070

 

 

 

23,204

 

 

 

29,103

 

Impairment charges

 

8,877

 

 

 

53,553

 

 

 

79,731

 

Interest, net

 

9,947

 

 

 

19,457

 

 

 

25,745

 

Depreciation and amortization

 

16,254

 

 

 

27,568

 

 

 

31,184

 

 

 

46,148

 

 

 

123,782

 

 

 

165,763

 

Loss from discontinued operations

 

(6,611

)

 

 

(42,541

)

 

 

(63,211

)

Gain on disposition of real estate, net of tax

 

96,009

 

 

 

11,274

 

 

 

3,847

 

Income (loss) from discontinued operations

$

89,398

 

 

$

(31,267

)

 

$

(59,364

)