XML 51 R40.htm IDEA: XBRL DOCUMENT v3.3.1.900
DISCONTINUED OPERATIONS (Table)
 12 Months Ended
Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of revenue and expense information for the properties sold and held for sale


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

                   
    For the Years Ended December 31,  
    2015     2014     2013  
Revenues:                        
Rental and other property revenues   $ 355     $ 5,612     $ 34,922  
      355       5,612       34,922  
Expenses:                        
Property operating expenses     (345 )     2,350       16,479  
Depreciation     —       751       5,563  
General and administrative     99       451       966  
Total operating expenses   $ (246 )   $ 3,552     $ 23,008  
                         
Other income (expense):                        
Other income (expense)     45       (507 )     45  
Mortgage and loan interest     (2 )     (3,204 )     (11,097 )
Loan charges and prepayment penalties     —       (1,656 )     (3,246 )
Litigation settlement     —       (250 )     (250 )
Total other expenses   $ 43     $ (5,617 )   $ (14,548 )
                         
Loss from discontinued operations before gain on sale of real estate and taxes     644       (3,557 )     (2,634 )
Gain on sale of real estate from discontinued operations     735       61,879       98,951  
Income tax benefit (expense)     (483 )     (20,413 )     (33,711 )
Income (loss) from discontinued operations   $ 896     $ 37,909     $ 62,606