DISCONTINUED OPERATIONS AND SALES OF REAL ESTATE (Tables)

6 Months Ended

Jun. 30, 2014

DISCONTINUED OPERATIONS AND SALES OF REAL ESTATE

Summary of income from discontinued operations

The following tables summarize income from discontinued operations and the related realized gain on sale of rental property for the six months ended June 30, 2014 and 2013:

	2014		2013
Total Revenues	$	—	$	193,274
Operating and other expenses	—		171,290
Depreciation and amortization	—		2,111
	—		173,401
Income from discontinued operations	$	—	$	19,873

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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