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DISCONTINUED OPERATIONS (Table)
9 Months Ended
Sep. 30, 2015
Discontinued Operations Table  
Schedule of summarizes revenue and expense information for the properties sold and held for sale

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

 

    For the Three Months Ended September 30,   For the Nine Months Ended September 30,
    2015   2014   2015   2014
Revenues:                
     Rental and other property revenues   $ —       $ 1,416     $ 15     $ 5,328  
      —         1,416       15       5,328  
Expenses:                                
     Property operating expenses     2       326       (346 )     2,201  
     Depreciation     —         155       —         664  
     General and administrative     (4 )     65       99       378  
          Total operating expenses     (2 )     546       (247 )     3,243  
Other income (expense):                                
     Other income     45       (36 )     45       (522 )
     Mortgage and loan interest     —         (357 )     (1 )     (1,767 )
     Litigation settlement     —         —         —         (250 )
          Total other income (expenses)     45       (393 )     44       (2,539 )
Gain (loss) from discontinued operations before gain on sale of real estate and tax     47       477       306       (454 )
     Gain on sale of real estate from discontinued operations     —         1,770       —         14,826  
     Income tax benefit (expense)     (16 )     (786 )     (107 )     (5,030 )
Income from discontinued operations   $ 31     $ 1,461     $ 199     $ 9,342