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The following table summarizes revenue and expense information for these properties sold and held for sale (Tables)

3 Months Ended

Mar. 31, 2014

The following table summarizes revenue and expense information for the properties sold and held for sale (dollars in thousands):

	For the Three Months Ended March 31,
	2014			2013
Revenues:
Rental and other property revenues	$	1,147		$	8,949
		1,147			8,949
Expenses:
Property operating expenses		928			4,457
Depreciation		166			269
General and administrative		164			1,432
Total operating expenses		1,258			6,158

Other income (expense):
Other income		37			-
Mortgage and loan interest		(310	)		(2,272	)
Deferred borrowing costs amortization		(281	)		(18	)
Loan charges and prepayment penalties		-			(45	)
Litigation settlement		(45	)		(45	)
Total other expenses		(599	)		(2,380	)

Loss from discontinued operations before gain on sale of real estate and tax		(710	)		411
Gain on sale of real estate from discontinued operations		6,053			7,227
Income tax expense		(1,870	)		(2,673	)
Income from discontinued operations	$	3,473		$	4,965